Thousands of identical $5,500 trades on Kalshi’s ether futures market have triggered accusations that the exchange inflates its crypto volume. Kalshi denies wash trading.
Kalshi is a US exchange regulated by the Commodity Futures Trading Commission (CFTC). It runs prediction markets and, since June, futures contracts tied to crypto prices.
Kalshi Wash Trading Claims Center on One Order SizeBeni, a former quantitative trader and co-founder of research firm Stealth Neolab, pulled trade records from Kalshi’s public data feed. One order size dominated the tape.
uh guys
I’ve been made aware that if @Kalshi itself participated in, directed, or knowingly incentivized the kind of activity described in my post below, it could potentially amount to fraud or market manipulation
Congratulations
We did it
(I am still not done tho) https://t.co/SC4OcbLN30
— Beni (@beniduboss) September 21, 2026 He counted roughly $539 million of 24-hour volume in the ether perpetual market against about $3.1 million of open interest. Open interest measures the value of positions still held open.
“On ETH the exact same $5500 trade size keeps appearing over and over again… it literally made up 48%-58% of ALL ETH PERP volume on 4 separate days,” said Beni.
Those numbers cannot be rebuilt exactly after the fact because the trading data changes by the second. Beni said he saved copies before publishing.
Kalshi Says Two Separate Products Were ConfusedKalshi’s head of crypto, who posts as IcoBeast, said Beni had blurred prediction markets with crypto perpetual futures contracts.
“We don’t do rebates for crypto prediction markets… All exchanges run rebate and incentive programs to help provide better liquidity on the exchange for traders. CME does it. So does Hyperliquid and Binance,” they challenged.
He also denied that Kalshi hand-picks the firms allowed to clear their own trades, saying fair access is a regulatory requirement.
Kalshi updated its temporary perpetual rebate program in a filing certified by the CFTC on 16 September. It rebates crypto perp taker fees down to 0.003% of trade value for self-clearing members, and leaves makers netting the same.
The same filing excludes any fees paid on trades that result from, or are under investigation for, self-matching, wash trading or pre-arranged trading. Kalshi’s chief regulatory officer can revoke a firm’s place in the program.
Regulators flagged the wider risk in August. CFTC staff warned that steep volume-based rewards can push participants to trade only to reach targets.
No enforcement action has been announced against Kalshi over the claims. Wash trading, where one party buys and sells with itself to fake activity, already breaks US commodities law.
BeInCrypto reported in June that Kalshi’s bitcoin perpetual market cleared $1 billion in days, a level its prediction markets took 40 months to reach.
Beni said lawyers are reviewing further material before he publishes it.
Na Hyperliquid debutovaly perpetual futures navázané na Bitcoin Volmex Implied Volatility Index, index očekávané volatility Bitcoinu. Obchodníci tak mohou sázet přímo na velikost pohybů ceny, ne na směr.
Hyperliquid debuts perpetual futures to the Bitcoin Volmex Implied Volatility Index. These perps allow traders to bet directly on the magnitude of bitcoin’s price swings rather than its direction.Markets by Kinetiq led the listing with Volmex and Perps.fun, marking the first onchain perpetual futures market for Volmex’s Bitcoin volatility index.Perpetual futures on the Bitcoin Volmex Implied Volatility Index (BVIV) debuted on Hyperliquid on Monday, giving traders on the onchain exchange a way to bet on the degree, not direction, of bitcoin’s price swings.
The BVIV Index, often described as a "bitcoin VIX," tracks cryptocurrency's expected 30-day implied or expected volatility in real time. The index is analogous to Cboe’s VIX index, which tracks the 30-day implied volatility in Wall Street’s benchmark equity index, S&P 500.
The new perpetual market lets traders go long or short the volatility index directly, instead of having to express volatility views indirectly through options, an approach that is capital-intensive and requires derivatives expertise.
The launch comes as the digital-asset market becomes increasingly institutionalized, drawing in a broader mix of participants – from hedge funds, volatility traders, options-income sellers and beyond.
“The launch of BVIV Index perpetual futures on Hyperliquid is a massive unlock for crypto traders and investors," said Cole Kennelly, founder and CEO of Volmex Labs. "The market leading Bitcoin volatility index is now available to trade on the market leading onchain perpetual futures exchange, making it easy to hedge, speculate, and utilize pure Bitcoin volatility exposure."
The BVIV perpetual is collateralized and denominated in USDC, with up to 5x leverage available at launch. Seda's oracle infrastructure connects the Volmex index to the Markets exchange onchain.
Listing BVIV futures adds volatility indices to Hyperliquid's already packed roster of perpetuals tied to crypto, equities, legacy indices, and commodities. The exchange carries a fully diluted valuation above $90 billion.
Hyperliquid is the world’s largest decentralized exchange for perpetual futures, registering billions of dollars in trading volume per day. It has become a go-to place for traders to express their views, especially on weekends when traditional markets are closed.
The listing was led by Markets by Kinetiq, the onchain perpetual futures platform built on Hyperliquid, in partnership with Volmex and Perps.inc. It's the first market the three parties have co-deployed together, and the first time Volmex's Bitcoin volatility index got an onchain perpetual futures market.
"With Bitcoin Volmex Implied Volatility Index, and the co-deployment structure that made it possible, we're not just adding another ticker, we're proving out the model for how Markets by Kinetiq scales," said Justin Greenberg, co-founder and CTO of Kinetiq Markets. "Partners like Perps.inc and Volmex [are] bringing the products, and Markets [is] bringing the venue."
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Strategy po dvoutýdenní pauze koupila 950 bitcoinů za 75,7 milionu USD a zvýšila své držby na 846 000 BTC. Současně utratila dalších 174 milionů USD za odkup preferenčních akcií STRC.
Strategy has resumed Bitcoin purchases after a two week pause, spending $75.7 million on 950 BTC while deploying another $174 million to repurchase its STRC preferred stock.
Summary
Strategy bought 950 BTC for $75.7 million after a two week pause, raising its holdings to 846,000 BTC. The company spent another $174 million repurchasing 1.77 million STRC preferred shares during the same week. Strategy made no ATM sales during the period, while its deployable USD Cash fell nearly 20% to $1.05 billion. Strive separately acquired 1,355 BTC, increasing its corporate Bitcoin holdings to 26,355 BTC. According to a Form 8-K filing with the U.S. Securities and Exchange Commission on Sept. 21, Strategy acquired the Bitcoin between Sept. 14 and Sept. 20 at an average price of $79,670 per coin, including fees and expenses.
The purchase increased the company’s holdings to 846,000 BTC, acquired for a total of $63.80 billion at an average cost of $75,416 per Bitcoin.
Bitcoin was trading near $84,925 at the time of publication, putting the market value of Strategy’s holdings at roughly $71.85 billion. Based on the company’s reported acquisition cost, the position carried an unrealized gain of approximately $8.05 billion.
Strategy shares gained 7.4% to $165.20 in Monday premarket trading as Bitcoin traded above the price paid for the latest acquisition.
Strategy returns to Bitcoin buying after two week pause The latest purchase ended two consecutive reporting periods without any new Bitcoin acquisitions.
Strategy last returned to Bitcoin buying at the end of August, when it purchased 4,603 BTC for $369.7 million at an average price of $80,318. The transaction raised its holdings from 840,447 BTC to 845,050 BTC.
Unlike the latest transaction, that purchase was financed through Strategy’s at the market common stock program. The company sold 4.53 million MSTR shares for $602.8 million in net proceeds, allocating $369.7 million to Bitcoin and $151.8 million to STRC repurchases.
Buying activity then stopped for two weeks as Strategy directed more cash toward its preferred securities.
During the first week of the pause, the company spent $176.3 million repurchasing 1.81 million STRC shares while leaving its Bitcoin holdings unchanged. Its board simultaneously doubled the Digital Credit Securities Repurchase Program from $1 billion to $2 billion.
Another $139.3 million was spent on 1.42 million STRC shares during the following reporting period, while Strategy again bought no Bitcoin and made no sales through its at the market programs. As crypto.news previously reported, the company entered that period with 845,050 BTC and $1.30 billion in deployable USD Cash.
The latest 950 BTC purchase has returned Strategy’s holdings to 846,000 BTC, the same total it reported at the end of the second quarter before Bitcoin sales during July and August reduced the balance.
STRC buybacks remain larger than Bitcoin spending Strategy continued repurchasing STRC even as Bitcoin accumulation restarted, spending $174 million on approximately 1.77 million shares between Sept. 14 and Sept. 20.
The amount was more than twice the $75.7 million allocated to Bitcoin during the same period.
STRC, formally known as Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, has a stated amount of $100 per share. The company has used repurchases and its dividend policy in an effort to keep the security trading close to that level.
Strategy had spent roughly $950.8 million repurchasing nearly 9.96 million STRC shares between July 20 and Sept. 13. The security had recovered toward $100 after falling near $70, reaching above $99 during intraday trading earlier this month before pulling back.
Monday’s latest repurchases pushed Strategy’s spending on STRC further above $1 billion since the current sequence of buybacks began.
The company has said purchases below STRC’s $100 stated amount allow it to retire preferred securities for less than their stated value while reducing future dividend requirements.
STRC was trading at $98.85 during Monday’s premarket session, up 0.35%.
Strategy retained $875.1 million in authorization for further preferred stock repurchases after the latest transaction. Its separate MSTR common stock repurchase program remained untouched, leaving the full $1 billion authorization available.
Strategy uses existing cash without ATM sales Funding for the latest transactions came directly from Strategy’s cash balance, as the company made no sales through its at the market offering programs between Sept. 14 and Sept. 20.
Strategy used $75.7 million of USD Cash for the Bitcoin acquisition and another $174 million for STRC repurchases, bringing combined spending on the two transactions to $249.7 million.
The absence of ATM sales meant Strategy did not issue common or preferred shares to replenish the cash used during the reporting period.
Deployable USD Cash fell to $1.05 billion as of Sept. 20, down nearly 20% from $1.30 billion a week earlier. The balance had stood at $1.44 billion on Sept. 7 and $1.61 billion at the end of August as repeated STRC repurchases drew down the account.
Strategy maintains USD Cash separately from its USD Reserve. The cash account can be used for Bitcoin purchases, capital management and other corporate purposes, while the reserve is primarily intended to cover preferred stock dividends and interest on outstanding debt.
Its USD Reserve declined to $5.04 billion from $5.10 billion during the latest reporting period after $57.4 million was used for preferred dividends and debt interest.
Combined, Strategy held approximately $6.09 billion in USD assets at the end of Sept. 20.
Strive expands Bitcoin treasury to 26,355 BTC Another publicly traded Bitcoin holder disclosed a purchase on Monday as Strive acquired 1,355 BTC, increasing its treasury to 26,355 BTC.
The purchase followed a series of recent additions to Strive’s balance sheet. The company had reached 25,000 BTC earlier this month after acquiring 469 BTC for approximately $36.6 million at an average price of $77,954 per coin. That transaction was funded through proceeds from its SATA preferred stock.
Strive had previously purchased 1,800 BTC for roughly $143 million in late August, taking its holdings to 23,156 BTC before subsequent acquisitions pushed the treasury higher.
Its latest filing places the company’s holdings at 26,355 BTC, keeping Strive among the largest publicly traded corporate Bitcoin holders.
ASST shares gained 6.44% to $32.03 in Monday premarket trading following the disclosure.
Vivek Ramaswamy’s corporate Bitcoin treasury Strive acquired an additional 1,355 BTC for $107.7 million. After the latest purchase, the total Bitcoin holdings have reached 26,355 BTC. Moreover, ASST stock price also jumped more than 6% on Monday, extending its monthly rally to over 135%.
Strive Expands Bitcoin Treasury to 26,355 BTC According to an official announcement on September 21, the Bitcoin treasury firm purchased 1,355 BTC at an average price of $79,475 per coin between September 14 and 18. These BTCs were purchased using warrants, SATA, and ASST shares sold at-the-market (ATM) offerings.
Strive CEO Matt Cole said “Warrant exercises began last week, generating $21.2M in gross proceeds. Including those proceeds, 57.7% of total capital raised came from SATA proceeds.“
Strive acquired an additional 469 $BTC for $36.6M at an average cost of $77,954 per bitcoin, bringing total holdings to ₿25,000.
100% of the capital raised came from SATA, which now has over $1B notional outstanding.
We increased amplification ratio to 53.5%.$ASST $SATA pic.twitter.com/Nu3EYIBS4R
— Matt Cole (@ColeMacro) September 14, 2026
With the latest buy, its total Bitcoin holdings increased to 26,355 BTC worth $2.24 billion. Notably, cash and cash equivalents increased to $229.60 million.
Recently, Strive surpassed crypto exchange Bullish to become the 5th-largest Bitcoin treasury company in the world. Notably, Strive is even buying more BTC than Michael Saylor’s Strategy recently as the latter focuses on increasing cash reserves and STRC buybacks.
Vivek Ramaswamy’s Strive last acquired 469 Bitcoin for $36.56 million. The firm remains committed to acquire more BTC every week.
ASST Stock Rallies 135% in a Month ASST stock jumped more than 6.5% to $32.10 during the pre-market trading hours on Monday. This signals positive sentiment among investors as Bitcoin price jumped above $85,000 to a 9-month high today, triggering a crypto market recovery.
The stock has rallied more than 135% in a month and 103% year-to-date (YTD). The Bitcoin treasury’s CEO Matt Cole said ASST was the best “2nd-best-performing stock in the U.S.” after it surged over 135% in the past month.
Meanwhile, SATA preferred stock holds above $100 par value. It pays a daily dividend at an annualized rate of $13 per SATA share and an effective yield of 13% as of the latest market close.
Bitcoin price has also jumped 6% to over $85K, with a 24-hour low and high of $80,413 and $85,386, respectively. Moreover, trading volume has increased by 58% in the last 24 hours, indicating massive interest among traders.
Polymarket data shows a rise in prediction market participants expecting Bitcoin price to reach $100,000 by December.
ECB spustila Pontes, svou velkoobchodní digitální vypořádací platformu, a napojila čtyři operátory od prvního dne. Jeden z nich běží na infrastruktuře odvozené z technologie XRP Ledger.
Pontes, the European Central Bank’s wholesale digital settlement bridge, went live on Monday, September 21. ECB President Christine Lagarde confirmed the launch following the Eurogroup meeting.
Four day-one market operators are now connected. One of them runs infrastructure derived from XRP Ledger technology. That detail has put Pontes firmly on the radar of XRP investors globally.
What Pontes Actually Does, and Why XRPL Is in the Room At its core, Pontes connects market DLT platforms to the Eurosystem’s existing TARGET payment rails.
Tokenized securities can now settle the cash leg in real central-bank money.
Settlement runs via a dual model, either cash tokens on a Eurosystem DLT, or a trigger into T2 real-time gross settlement. The technical shorthand is DvP via Hash-Link.
The four day-one operators are Clearstream, SWIAT, Cashlink, and Axiology. Axiology is a Lithuanian DLT firm founded by former Bank of Lithuania board member Marius Jurgilas.
ECB annexes from the 2024 wholesale trials confirmed that Axiology’s settlement system benefits from XRP Ledger technology.
That does not mean the ECB settled in public $XRP. Cash still clears in euro central bank money. Axiology runs a permissioned, XRPL-derived stack on the asset leg.
That distinction matters. Isabel Schnabel argued last month that on-chain central-bank money is no longer optional for euro sovereignty. Pontes is the ECB’s answer. Today it stops being a pilot.
The system runs roughly from 09:00 to 16:00 CET on TARGET business days. Launch fees are set at EUR 2,500 per participant and EUR 15,000 per operator, with no per-trade charge at start.
The ECB targets longer hours in 2027 and 24/7 multi-currency settlement by mid-2028.
What It Means for XRP, and Where the Investor Trap Lies The context for XRP bulls keeps building. Ripple holds a MiCA passport across the EEA.
Aviva’s tokenized fund on XRPL is already live. JPMorgan, Ondo, and Ripple completed a cross-border tokenized treasury settlement on XRPL earlier this year.
XRPL RWA holdings are cited near $4 billion. And XRPL 3.4.0 lending amendments are already live on the protocol.
But 21Shares has flagged the tension plainly, utility can scale without driving XRP token demand.
Institutions can adopt XRPL-derived rails without buying public XRP. Axiology’s role inside Pontes is the clearest live example yet of that split. Technology adoption is confirmed. Token demand is not automatic.
Still, the direction is clear. Ripple’s wholesale tokenization push is gaining institutional ground on both sides of the Atlantic.
Atomic settlement via Batch V1.1 is pulling the public XRPL closer to what institutional DvP workflows require.
Traders looking for their next play are watching the xAI odds this October closely. Compare the top cloud mining platforms by contract terms and payout reliability.
Absa CIB spustila Absa Digital Asset Custody, živou institucionální platformu pro úschovu digitálních aktiv postavenou na technologii Ripple. Banka ji popisuje jako bankovní řešení s kontrolou privátních klíčů, schvalováním transakcí a compliance.
Africa’s institutional crypto market just reached a new threshold.
South Africa’s Absa Corporate and Investment Banking has launched Absa Digital Asset Custody, a live institutional platform built on Ripple’s custody technology.
Absa CIB confirmed the go-live on September 21, 2026, calling it “a digital first for Africa.”
Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, described the launch as a “major milestone” for bank-grade digital asset infrastructure on the continent.
From Partnership to Live Product: What Absa Is Now Offering The roots of today’s launch go back to October 2025. That is when CoinGape first reported Ripple’s 2025 Absa custody partnership, which outlined Absa’s plan to bring regulated digital asset storage to its corporate banking clients.
Today, that agreement has become a named product.
Absa Digital Asset Custody provides institutional clients with private-key management, transaction and approval controls, and bank-grade governance and compliance wrapping.
Introducing Absa Digital Asset Custody, bringing institutional-grade security, governance and control to digital assets.
A digital first for Africa, built to institutional standards.
— Absa Corporate and Investment Banking (@Absa_CIB) September 21, 2026
The platform is designed for clients who already trust Absa with traditional assets and now want the same security standard applied to digital holdings.
Absa is not positioning this as a trading venue. It is positioning it as a vault.
Robyn Lawson, Head of Digital Product Custody at Absa CIB, made the bank’s intent clear at the time of the original deal, clients needed “secure, compliant, and robust custody solutions.”
That language is now reflected in a live product page at cib.absa.africa. Absa says the platform covers safekeeping, key control, audit trails, and a familiar regulated counterparty.
Ripple provides the underlying custody software and blockchain broadcast capability. Absa provides the banking wrapper.
Merrick’s framing today is the commercial one. He wrote that Absa is now setting “a new benchmark for secure, compliant, and bank-grade digital asset management on the continent.”
That benchmark has been a deliberate goal. Ripple’s broader custody expansion has long been framed as a precondition for institutional adoption, not a side product.
A Bank-Custody Race With Continental Stakes Absa’s launch arrives during a global sprint among major banks to establish crypto custody. Deutsche Bank’s crypto custody plan was announced in the same week, covering Bitcoin, Ether, and select stablecoins for institutional clients.
The timing underscores a structural shift: large balance sheets want vaults before they want trading screens.
Absa Digital Asset Custody sits inside a wider Ripple infrastructure push across the continent. Ripple’s RLUSD push in Africa has extended dollar stablecoin rails through regional fintechs.
Ripple’s Chipper Cash payments deal connected African cross-border flows to the Ripple network. Ripple’s Flutterwave stake gave the company equity exposure to one of Africa’s largest fintech payment processors.
Custody completes that infrastructure loop. Payments move value. Stablecoins settle value. Custody now lets a regulated bank hold value.
Ripple has demonstrated the same custody-first model elsewhere. BBVA’s Ripple custody rollout brought Bitcoin and Ether custody to retail banking clients in Spain.
Ripple Custody in tokenized bond settlement showed the same rails applied to sovereign debt. Africa is now the third region where a major bank has taken Ripple custody to market.
The regulatory backdrop strengthens the case. SEC path for Ripple as a custodian opened the door for Ripple-adjacent institutions to operate as qualified custodians under US guidelines.
BNY Mellon as RLUSD reserve custodian established a high-trust institutional precedent for Ripple-backed assets. Absa Digital Asset Custody now adds a live African bank to that stack.
Whether Absa Digital Asset Custody expands beyond South Africa to Absa’s other African markets, and whether tokenized assets or stablecoins follow as product extensions, will define how significant today’s launch becomes.
From on-chain data to charting, explore these free crypto tools every investor should know.
Na XRP Ledger se blíží aktivace Permission Delegation, která má podle XRPScan nejdříve proběhnout 5. října 2026 v 11:18 UTC. Upgrade má usnadnit delegování oprávnění a posílit využití pro instituce.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP Community has a big date ahead of it as the Permission Delegation amendment is getting closer to activation, with the upgrade set to go live on October 5.
Gaining 29 Yes votes, PermissionDelegationV1_1 entered a two-week activation window on September 21, 2026. Starting from this date, the earliest activation of the Permission Delegation feature will be in the next 13 days on October 5, 2026, at 11:18 AM UTC, according to XRPScan data.
This marks the earliest possible activation date, as validator support for the Permission Delegation amendment must stay above 80% the whole way. If it slips to 80% or lower even once, the amendment is rejected, and the 14-day timer starts over.
Permission Delegation allows accounts to delegate some permissions to other accounts. PermissionDelegationV1_1, bundled in the xrpld version 3.3.0, replaces Permission Delegation, fixing a critical bug discovered in the original implementation of the feature. Standard: XLS-75.
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The XRP community is also looking ahead to the Ripple Swell event, scheduled for October 27 to 29, 2026.
Permission Delegation: "Big enabler for institutions"According to Hussein Zangana (Vet), the Permission Delegation feature is a big enabler for institutions, being a compliance & operations building block.
With 29 Yes votes Permission Delegation is
now also in 2-Week activation on the XRP Ledger! ✅
Big enabler for institutions, get ready to see them come on chain on the XRP Ledger!
What is this feature again?
Permission Delegation is compliance & operations building block 🧵:… pic.twitter.com/SB1HwMhEG0
— Vet (@Vet_X0) September 21, 2026 According to Ripple stablecoin product lead, Lauren Berta, Permission Delegation has the potential to unlock an important capability for institutions issuing regulated assets on XRPL and matters for RLUSD and every regulated token on the ledger.
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Permission Delegation allows issuers to delegate specific actions to separate accounts while keeping the issuer account secure. Stablecoin issuers, RWA tokenizers, and asset managers bringing regulated instruments onchain all need ways to separate the teams moving assets, enforcing compliance, and managing security.
This separation of duties is how stablecoin issuers operate on other chains: different teams are responsible for different functions.
Permission Delegation will enable that same type of operational structure for RLUSD on XRPL, natively at the protocol level.
Importantly, delegation does not mean giving up control: certain account-level permissions cannot be delegated, preventing delegates from escalating their own access. The issuer maintains control over which permissions are granted and can revoke them instantly.
Berta disclosed that the RLUSD team was building and testing against the functionality on devnet in parallel, highlighting interest in the feature.
According to RippleX software engineer Mayukha Vadari, a retail-specific use case of Permission Delegation (XLS-75) is for blackholed issuers. Before blackholing their issuer accounts, users can delegate some responsibilities (like setting the account domain) to a separate account they still control. So even after blackholing, they still control a few settings.
Ethereum‘s price has climbed back above $2,500 after a sharp decline earlier this month. The cryptocurrency briefly touched $2,360 on September 16, then rallied to $2,668 before stabilizing near $2,600. Despite this recovery, ETH remains about 47% below its all-time high of roughly $4,946 recorded in October 2025.
Supply squeezes as exchange balances fallThe recent price recovery is closely linked to developments in ETH’s supply dynamics. Since May 2025, Ethereum exchange balances have dropped from 14.8 million ETH to 25.7 million ETH, representing a decline of 28%. This reduction indicates that fewer coins are readily available for immediate sale, which can have a significant effect on price movements, especially if investor demand rises.
A shrinking supply on exchanges means trading activity is more sensitive to shifts in sentiment and incoming demand, amplifying volatility on both the upside and downside.
Staking and ETF inflows strengthen locked supplyStaking activity has accompanied this outflow. Over the past year, the portion of ETH being staked increased steadily, rising from 29.8% in September 2025 to 35.56% as of September 18, 2026. Most staked ETH is effectively removed from active trading since participants lock their coins to support network operations and secure rewards.
Mini dictionary: Staking, the process of locking up cryptocurrency to help validate transactions and secure a blockchain network, often rewards participants with additional coins but removes those tokens from regular circulation during the staking period.
Funding rates are holding near 0.0046, suggesting that leverage in the market has not surged alongside increased staking. This points to a more stable trading environment compared to periods of high leveraged speculation.
Spot ETH exchange-traded funds (ETFs) in the United States have captured about $13.25 billion in net inflows, with total ETH ETF assets now standing at $16.7 billion. This figure amounts to roughly 5.2% of Ethereum’s market capitalization. Among these, BlackRock’s ETHA fund leads the segment with more than $9 billion in assets under management.
MetricCurrent ValueChange/NotesETH price$2,60047% below Oct 2025 peakExchange balances25.7M ETHDown 28% since May 2025Staked ETH35.56%Up from 29.8% last yearETH ETF assets$16.7B5.2% of market capETF inflows have fluctuated throughout September. More than $400 million flowed out midweek but was partially offset by a $143.8 million inflow on September 18.
Mixed outlook amid technical and network upgradesForecasts for ETH by year-end remain divided. Tom Lee of Fundstrat has suggested that ETH could reach $6,000 if bitcoin rises to $150,000 and the ETH/BTC ratio climbs to 0.04. By contrast, Arthur Hayes, former CEO of BitMEX and a well-known crypto investor, has signaled his optimism by making ETH his largest holding, saying a $10,000 price could be possible by late 2026.
Other analysts are more cautious. Geoff Kendrick, head of crypto research at Standard Chartered, maintains a target of $4,000 for ETH by the end of 2026. Citi analysts have even set a one-year target as low as $2,240.
Currently, ETH trades above its 50-day and 200-day moving averages, at $2,272.50 and $2,076.10, respectively. Technical resistance is observed in the $2,655 to $2,672 range; a breakout above could pave the way for a move toward $2,800 or potentially $3,000, while a reversal might bring support back to the $2,400 mark.
Tom Lee projects that if bitcoin reaches $150,000 and the ETH/BTC ratio returns to 0.04, Ethereum could rise to $6,000 by the end of the year. Arthur Hayes, meanwhile, considers Ethereum his primary holding, viewing a $10,000 target as possible by the close of 2026.
Ethereum’s next planned network upgrade, Glamsterdam, is also approaching. The Sepolia testnet is set for October 6, with the mainnet upgrade expected in the fourth quarter of 2026. The update aims to boost transaction throughput, enable parallel execution, and expand blob capacity for increased efficiency.
As of September 20, Ethereum remains near $2,600, and the ETH/BTC ratio is approximately 0.032.
TLDR: Bitmine ETH holdings reached 5.98 million tokens, representing 4.9% of Ethereum’s total supply. Bitmine staked 5.07 million ETH, representing about 85% of its total Ethereum holdings. The company reported $17.1 billion in combined crypto, cash and investment assets. Bitmine purchased another 27,562 ETH as it moves closer to its 5% supply target. Bitmine ETH holdings reached 5,983,940 tokens as of September 20, 2026, according to a company announcement. The NYSE-listed company, ticker BMNR, reported combined crypto, cash, and investment holdings of $17.1 billion.
Bitmine now controls 4.9% of the 122.1 million ETH supply. It bought 27,562 ETH last week and has purchased ETH weekly since June 30, 2025. The purchases bring the firm 98% of the way toward its 5% ETH supply target within 15 months.
Bitmine ETH Holdings and Staking Position The company’s crypto holdings include 5,983,940 ETH valued at $2,688 per token, based on Coinbase pricing. Additionally, Bitmine holds 212 BTC, a $180 million stake in Beast Industries, and a $105 million stake in Eightco.
Eightco, listed on NASDAQ as ORBS, offers indirect exposure to OpenAI. Total cash and marketable securities stand at $714 million.
Bitmine has staked 5,067,309 ETH, worth $13.6 billion at the same price. That amount covers 85% of Bitmine ETH holdings. A portion of the stake runs on MAVAN, the Made in America VAlidator Network.
Institutional investors and custodians can also use the platform. According to Chairman Tom Lee, Bitmine has staked more ETH than any other entity.
Projected annualized staking revenue for Bitmine ETH holdings stands at $357 million. If all holdings were staked, projected annual rewards would reach $421 million. The $421 million estimate uses a 7-day annualized yield of 2.62%.
Bitmine ETH holdings remain the largest of any Ethereum treasury worldwide. Its total crypto holdings rank second among global treasuries, behind Strategy.
Furthermore, institutional backers include ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital.
Market Standing and Tom Lee’s Outlook Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026. Its Series A Preferred Stock trades on the NYSE under the symbol BMNP.
Meanwhile, BMNR averaged $1.2 billion in daily dollar volume over five days through September 18. That ranked the stock 100th among 5,704 US-listed stocks, per Fundstrat.
Lee said Bitmine believes a crypto bull market began in late June. He cited the rotation from AI back to crypto and stronger fundamentals around tokenization and AI.
He also pointed to the end of the four-year cycle. Management compares the GENIUS Act and SEC Project Crypto to the 1971 action that ended Bretton Woods.
Lee said ETH is the best-performing macro asset of the third quarter so far. ETH has outperformed the S&P 500 by 6,519 basis points. He described the gap as a possible prelude to a stronger move in the fourth quarter.
Lee expects institutions to raise their crypto exposure during the final three months of 2026. He said institutions have underweighted crypto this year, partly due to early AI stock outperformance. Separately, Lee will deliver a keynote at Korea Blockchain Week in Seoul on September 30.
Ondo Stocks spustily fyzickou konverzi mezi podkladovými akciemi, tokenizovanými akciemi a ETF přes Alpaca ITN. Funkce je zatím dostupná jen schváleným institucím na Ethereum a BNB Chain.
According to official announcements, Ondo has announced that Ondo Stocks now supports physical conversion between underlying stocks, tokenized stocks, and ETFs, and has added a primary market issuance channel via Alpaca’s Instant Tokenization Network (ITN). Qualified institutions can use their existing stock assets to mint corresponding Ondo Stocks tokens, or redeem tokens to receive the underlying stocks. Specifically, after an institution initiates minting, its held underlying stocks are transferred via internal bookkeeping from an Alpaca account to Ondo’s Alpaca account, after which the corresponding tokens are issued on supported blockchains; the redemption process follows the reverse steps. This mechanism eliminates the need for manual approval for each transaction, making it easier for institutions to convert between traditional stock assets and on-chain tokenized assets, and is expected to boost secondary market liquidity for Ondo Stocks and narrow bid-ask spreads. Currently, this feature is only available to institutions approved by Alpaca, and is not a universal function of Ondo Stocks. Participating institutions must hold valid accounts with both Ondo and Alpaca, and complete the relevant onboarding and approval processes; the conversion function is now live on Ethereum and BNB Chain.
Cardano Foundation se připojila do Mastercard Crypto Partner Program a testy Ouroboros Leios ukázaly zhruba 1 000 transakcí za sekundu. ADA za posledních sedm dní přidala asi 12 %.
Key Highlights ADA was changing hands around $0.22, building on the previous week’s upward movement as it approached the 200-day exponential moving average. Cardano Foundation announced its entry into Mastercard’s Crypto Partner Program, with emphasis on payment solutions, enterprise transactions and stablecoin infrastructure. Simulated testing of Ouroboros Leios demonstrated throughput capabilities of approximately 1,000 transactions per second, based on recent Cardano ecosystem reports. Technical analyst Jesse Olson noted ADA appears positioned to finish the week with bullish indicators, pointing to reversal patterns, RSI momentum and positive trend signals. Immediate upside targets lie between $0.2270 and $0.2464, with downside protection concentrated around $0.2030 to $0.2080. The Cardano token maintained its upward trajectory on Monday, with ADA hovering near the $0.22 mark following last week’s solid performance.
The digital asset recorded approximately 12% appreciation during the prior seven-day period and sustained its momentum as market participants digested fresh ecosystem announcements and strengthening chart patterns.
Current price levels have lifted ADA beyond both its 50-day and 100-day exponential moving averages, currently positioned around $0.2038 and $0.2029 respectively.
The subsequent critical technical benchmark is the 200-day EMA. Various charting platforms show this indicator ranging from approximately $0.2401 to $0.2464.
Mastercard Collaboration and Network Testing Boost Sentiment Cardano Foundation announced via X its participation in Mastercard’s Crypto Partner Program.
Connecting Cardano with the future of global payments.
The Cardano Foundation has joined Mastercard’s Crypto Partner Program.
As part of its Blockchains track, we’ll engage with Mastercard and other participants working across payments and stablecoins on areas including… pic.twitter.com/eeZ6K2UrPY
— Cardano Foundation (@Cardano_CF) September 15, 2026
The collaboration targets international payment infrastructure, commercial transaction systems and stablecoin settlement capabilities, representing another significant enterprise adoption milestone for the Cardano network.
Meanwhile, Cardano’s planned Leios protocol enhancement has generated interest following recent test results showing approximately 1,000 transactions per second during simulation environments.
According to a Cardano ecosystem progress report, these numbers emerged from Ouroboros Leios testing phases, with developers suggesting a potential mainnet deployment within the current calendar year if development timelines remain on schedule.
It’s important to note these simulation figures differ from current mainnet performance. Actual network environments typically face additional challenges including latency variations, bandwidth constraints and diverse node participation patterns.
The Leios framework aims to leverage endorser block architecture and parallel transaction processing to scale throughput without simply increasing block size parameters.
These technical developments arrive as ADA trades above the 20-day Bollinger Band median line positioned near $0.2079.
Technical Picture Shows ADA Nearing Critical Levels The Bollinger Band upper boundary rests around $0.2270, representing an initial near-term obstacle for further price appreciation.
Above this threshold, market observers are monitoring the March 29 support-turned-resistance around $0.2328 and the 200-day EMA zone between $0.24 and $0.25.
Technical momentum gauges have strengthened noticeably. Various daily charts show RSI readings ranging from 58.2 to approximately 64, indicating building bullish pressure.
The MACD indicator has generated a bullish crossover above its signal line, with the histogram bars turning positive.
Technical strategist Jesse Olson shared on X that ADA looks set to register a weekly buy signal. His analysis highlighted a reversal candlestick formation, RSI buy confirmation and positive trending indicators, noting that reversal patterns have been developing over recent months.
For downside scenarios, the 50% Fibonacci retracement level near $0.2084 provides initial support, with the 50-day and 100-day EMAs clustered around $0.2030 offering additional cushion.
Recent metrics showed Cardano’s total value locked hovering near $57 million, while derivatives open interest registered approximately $430 million according to latest available figures.
Based on current technical positioning, ADA maintains ground above near-term support structures while remaining beneath the 200-day EMA, establishing the $0.2270 to $0.2464 range as the critical zone for upcoming price development.
Cardano se oficiálně integrovalo do x402 SDK, takže aplikace i AI agenti mohou platit za API volání v ADA přes běžné HTTP požadavky. Podpora běží i pro Cardano-native stablecoiny USDM, DJED a iUSD.
Cardano just got plugged into the plumbing of the internet’s payment layer. The blockchain’s native integration into the x402 SDK means that applications and autonomous AI agents can now pay for API calls in ADA or Cardano-native tokens through ordinary HTTP requests, skipping the usual hassle of accounts, API keys, or subscription plans.
The merge into the official x402 repository landed around September 9, 2026, with Cardano Foundation engineers contributing the client, server, and facilitator components needed to make the whole thing work.
How x402 actually works The x402 protocol is built around a piece of web infrastructure that’s been collecting dust for decades: HTTP status code 402, literally named “Payment Required.” When HTTP was designed, 402 was reserved for future use.
The idea is straightforward. A server hosts an API. When a client, whether human-operated or an autonomous AI agent, makes a request, the server responds with a 402 status code indicating that payment is required. The client then constructs a signed transaction on the Cardano blockchain, sends it along with the request, and the server verifies the payment before delivering the data or service. No middlemen, no billing portals, no monthly invoices.
Cardano’s extended UTxO (eUTxO) model is particularly well-suited for this pattern. Transactions are user-signed and settle directly on-chain, meaning the payment and the proof of payment are baked into the same cryptographic step.
The integration supports Cardano’s mainnet along with the preprod and preview testnets, giving developers a sandbox to experiment before going live. Beyond ADA itself, the framework accommodates Cardano-native stablecoins including USDM, DJED, and iUSD, which matters for any use case where price volatility would make raw crypto payments impractical.
From third-party experiment to official standard This wasn’t Cardano’s first brush with x402-style functionality. Third-party projects like the Masumi Network had previously built x402 capabilities on top of Cardano. But those were independent implementations, not part of the canonical codebase.
The x402 Foundation, which operates under the umbrella of the Linux Foundation, oversees the protocol’s development. Having Cardano’s integration merged into this officially governed repository means it’s not a side project or a community fork. Cardano Foundation engineers didn’t just write an adapter; they contributed working examples that other developers can use as templates.
The AI agent angle x402 offers a model where an AI agent can encounter a paid API, evaluate the cost, sign a transaction, and proceed, all within a single HTTP request-response cycle. No OAuth tokens expiring at inconvenient moments. No webhook callbacks to confirm payment processed. The transaction is the authorization.
The stablecoin support is a pragmatic touch here. An AI agent buying weather data or language model inference probably shouldn’t be exposed to the volatility of a native token. Letting it pay in USDM or DJED while still settling on the Cardano chain captures the network effects without the price risk.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Chainlink (LINK) se vrátil nad 12 USD po 24hodinovém růstu o 6,2 % a strategická rezerva mezitím nakoupila zhruba 97 500 LINK za 1,1 milionu USD. Trh sleduje rezistenci v pásmu 12,80 až 13 USD.
Key Highlights LINK’s price reached approximately $12.11, marking a 24-hour increase of roughly 6.2% following a bounce from $11 support. Technical analyst Hov identified a completed five-wave rally from LINK’s September bottom, suggesting potential for additional upside. Key resistance barriers are positioned near $12.80-$13, with a secondary target at $15. The Chainlink strategic reserve acquired approximately 97,500 LINK tokens valued at $1.1 million, bringing total reserve holdings to 5.96 million LINK. Analyst Quinten François noted that LINK hit $55 in 2021 well before the implementation of numerous current integrations and the strategic reserve program. The Chainlink token pushed back into territory above $12 following its recent pullback, with market participants now focusing on the $12.80-$13 resistance zone.
Chainlink (LINK) Price LINK’s value hovered around $12.11, representing a 6.21% gain across the 24-hour period. Throughout the trading session, the asset fluctuated within a range of $11.25 to $12.22.
Data indicated 24-hour trading activity of approximately $538.65 million, with Chainlink’s overall market cap positioned near $9.06 billion.
This upward movement emerged after the token found support around the $10.70-$11 weekly zone, a level that has consistently attracted purchasing interest.
Technical Analysis Points to Five-Wave Pattern at $13 Threshold Cryptocurrency analyst Hov identified that LINK has finalized a five-wave rally sequence starting from its September bottom.
$LINK bull market loading…
Last update I said LINK was close, but not ready
We needed one more push higher into resistance to complete the 5 off the low
We got it
And now the chart gets interesting
We finally have the structure needed to start hunting for a potential A+… pic.twitter.com/vGuCJwadCL
— Hov (@HovWaves) September 17, 2026
According to Hov’s technical breakdown, the setup allows for potential continuation through either a Wave C or Wave 3 formation before encountering a more significant correction.
The analyst further suggested that the recent peak might constitute an expanded Wave 4 pattern. In this scenario, a subsequent bullish phase could theoretically push toward $51.
This projection represents a longer-term technical possibility rather than an immediate price forecast.
Examining the four-hour timeframe, LINK has bounced from approximately $10.60 to levels exceeding $12. The Bollinger Band’s upper boundary is positioned near $12.93, with the middle band around $11.73 offering immediate support.
The MACD indicator has moved above its signal line, with histogram values remaining in positive territory.
Futures market data presents a mixed picture. Coinglass reported a 14.91% decline in trading volume, contrasted with a 1.78% rise in open interest.
Strategic Reserve Maintains LINK Accumulation Strategy Blockchain analytics from Onchain Lens revealed that the Chainlink Reserve purchased approximately 97,500 LINK tokens valued at around $1.1 million.
Over the last 30 days, the reserve has accumulated roughly 480,700 LINK worth $5.5 million. The reserve’s complete holdings now total approximately 5.96 million LINK, representing a value near $68.71 million.
Market analyst Quinten François offered perspective on LINK’s long-term trajectory via X. He emphasized that LINK achieved approximately $55 in 2021 prior to major developments including SWIFT collaboration, CCIP deployment, DTCC partnerships, strategic reserve operations, institutional tokenization efforts, and various other current Chainlink applications.
ethereum:0x514910771af9ca656af840dff83e8264ecf986ca reached $55 in 2021 without:
• SWIFT + CCIP
• DTCC integration
• Chainlink Reserve buying $LINK
• Institutional tokenization
• $110B+ in value secured
• Major banks building with it
• Coinbase tokenized stocks
•…
— Quinten (@QuintenFrancois) September 19, 2026
A long-term price chart accompanying his analysis demonstrates LINK nearing a descending trendline extending from its 2021 all-time high.
Currently, LINK trades beneath this multi-year resistance line while challenging the immediate $12-$13 barrier, with support firmly established around $11.
Zcash (ZEC) vystřelil na maximum 1 521 USD a zůstává blízko historických maxim. Grayscale oznámil 3:1 forward split svého Zcash ETF ZCSH, účinný od 30. září.
Key Highlights The privacy-focused token ZEC surged to a peak of $1,521 following an impressive 2,800% annual gain. Grayscale announced a 3-for-1 forward share split for its Zcash ETF, effective with split-adjusted trading on Sept. 30. The ZCSH fund has accumulated over $233 million in total inflows following its August 25 debut. Net assets under management approached $890 million with cumulative trading exceeding $11 billion. Market analyst Ardi observed simultaneous buying activity from retail investors, mid-tier traders, and institutional participants. The privacy token Zcash (ZEC) continued trading near all-time highs following its surge to $1,521, as interest in Grayscale’s corresponding exchange-traded fund continued growing.
Zcash (ZEC) Price The cryptocurrency focused on transaction privacy has experienced a remarkable 2,800% appreciation over the twelve-month period. This recent price action has drawn significant attention to both the underlying token and its ETF wrapper.
Grayscale has submitted documentation for implementing a 3-for-1 forward stock split of its Zcash exchange-traded fund, listed under the symbol ZCSH.
Investors holding shares at the market close on September 28 will receive two additional shares for each existing share in their portfolio.
The distribution of these additional shares is slated for after-hours on September 29. Trading reflecting the split adjustment will commence on September 30.
ZCSH fund sees $233 million in cumulative capital flows This corporate action will lower the per-share trading price while proportionally expanding the total share count.
To illustrate: a position consisting of 10 shares valued at $300 per share would transform into 30 shares priced around $100 each. The aggregate portfolio value remains constant throughout this process.
Since its market debut on August 25, ZCSH has recorded more than $233 million in aggregate capital inflows.
The investment vehicle registered a single-day inflow of $46.6 million on Wednesday, with an even larger $112 million influx documented on September 8.
By September 17, the ETF’s assets under management had climbed to approximately $890 million, while cumulative trading activity surpassed the $11 billion threshold.
Additional momentum arrived after Paradigm co-founder Matt Huang revealed his firm had acquired ZEC tokens, though the specific quantity remains undisclosed.
Purchasing activity emerges across multiple investor segments Cryptocurrency analyst Ardi documented evolving patterns in ZEC acquisition behavior through a social media update on X.
According to Ardi’s analysis, medium-sized market participants executing transactions ranging from $10,000 to $100,000 maintained upward pressure on the cumulative volume delta.
He further noted that smaller retail transactions under $10,000 and substantial orders between $100,000 and $10 million have joined the buying wave. During earlier rally phases, medium-tier participants had largely driven price appreciation independently.
Network mining operations have similarly intensified. The Zcash network’s solution rate climbed from approximately 25 GSol/s in late August to nearly 32 GSol/s, while mining difficulty reached roughly 291 million.
Current market conditions position ZEC close to its recent $1,521 high-water mark as ETF capital flows, diversified buying pressure, and elevated mining engagement continue supporting the ongoing rally.
Zcash roste poté, co Garrett Jin uzavřel short pozici na 38 000 ZEC s odhadovanou ztrátou 36 milionů USD. Derivátový trh ale zůstává silně pákový, což zvyšuje riziko volatility.
Zcash [ZEC] is rallying as bearish pressure eases, with Garrett Jin, a renowned trader, exiting his 38,000 ZEC short position after three months, at a loss of approximately $36 million.
Jin initially entered this trade when ZEC was trading at approximately $656 and exited it when ZEC reached a high point of $1,530, resulting in his trade being significantly underwater.
Source: OnChain Lens Additionally, Jin’s move will create additional demand to purchase ZEC, contributing to the rally’s continued momentum.
ZEC leverage surges after short squeeze The relatively quick unwind of the short squeeze has removed significant bearish momentum from ZEC’s position. However, the derivatives markets for ZEC have rapidly built up extreme levels of leverage following that short squeeze.
Open Interest (OI) rose to approximately $3.3 billion around the 19th of September before dropping back down to $2.9 billion. However, this still represents extremely high levels of positioning.
Source: CoinGlass Meanwhile, the liquidation heatmap shows heavy liquidation clusters concentrated at the $1,550 level and around the $1,580 level.
These represent areas where large groups of investors may be squeezed out as they attempt to cover their losses should buyers once again take control.
Below the current price near $1,480, additional liquidity concentrates around $1,450 and $1,420, creating downside liquidation pockets.
Source: CoinGlass This structure leaves ZEC surrounded by leveraged positions on both sides. A sudden large movement in either direction would likely result in cascading liquidations rather than a trending movement.
Still, the increase in OI indicates that investors have been replacing the previously closed-out short positions, continuing to raise the risk associated with volatility.
ZEC gains institutional demand ZEC’s demand has expanded well past the influence that was primarily behind ZEC’s recent spike in derivatives.
Since the launch of Grayscale’s ZEC Trust (ZCSH) on the 25th of August, ZCSH has accumulated over $270 million. This gives investors a regulated route to gain ZEC exposure.
The fund’s assets have reached over $900 million. The consistent flow of investment capital into the trust will create spot-linked demand for ZEC that will not require traders to add additional leverage to invest.
Source: SoSoValue More importantly, it may help counter the unwind of derivatives that occurs when OI returns back to pre-peak levels in September. ZCSH has traded over $11 billion and, therefore, has increased overall market visibility.
Its upcoming 3-for-1 stock split could allow even more investors to gain exposure to ZEC, increasing the size of the institutional investor base for ZEC.
Final Summary Garrett Jin’s $36 million ZEC short exit removes bearish pressure, but high leverage keeps the rally vulnerable. ZEC gains institutional demand as ZCSH inflows strengthen spot-driven support.
Držitelé ZETA schválili ukončení vlastní Layer 1 sítě ZetaChain a přesun tokenu na Solanu. Převod má proběhnout v poměru 1:1, ticker i maximální nabídka zůstanou stejné.
Key Points ZETA token holders have overwhelmingly voted to discontinue ZetaChain’s Layer 1 blockchain and transition to Solana. The governance vote for Proposal 68 achieved 99.4% approval with 58% voter turnout, exceeding the 40% quorum threshold. The token will convert to a Solana SPL token on a 1:1 basis, maintaining the current ticker and total supply cap. An additional governance round is needed to establish the snapshot block height, migration timeline, and final shutdown procedures. The project is redirecting resources toward Anuma, its privacy-focused AI platform boasting over 300,000 active users. ZetaChain community members have voted decisively to discontinue the project’s independent Layer 1 blockchain infrastructure and transition the ZETA token to the Solana ecosystem.
According to data from ZetaChain’s governance platform, Proposal 68 secured approval on Sunday with an overwhelming 99.4% of votes cast in favor. The vote attracted 58% participation from eligible token holders, comfortably surpassing the minimum 40% quorum requirement.
This decision represents a dramatic strategic shift for a project that secured $27 million in funding during 2023 to develop cross-chain interoperability solutions.
Migration Plan for ZETA Token to Solana The approved framework calls for transforming ZETA into a native token on Solana’s network using the SPL token standard.
Current ZETA holders will receive equivalent tokens on Solana through a direct 1:1 exchange mechanism. Both the token ticker symbol and maximum supply will remain identical to current specifications.
All established token vesting arrangements will transfer to the new chain without modification to their original conditions.
ZETA tokens currently circulating on Ethereum and BNB Chain fall outside the parameters of this governance decision. The vote primarily addresses native ZETA holdings and the operational status of the ZetaChain Layer 1 network.
It’s important to note that the passage of this proposal doesn’t trigger an immediate shutdown or token migration.
A subsequent governance vote will establish the specific block height for recording final balances, designate the ultimate shutdown block, and provide detailed procedures for users to claim their tokens on Solana.
ZetaChain representatives indicated this follow-up vote won’t proceed until major cryptocurrency exchanges have confirmed their technical approach to facilitating the token conversion.
Staking functionality will remain operational throughout the interim period until the shutdown procedures receive final approval. The team has yet to announce definitive plans for how staking mechanisms or reward distributions might function following the Solana migration.
Strategic Pivot Toward Anuma AI Platform ZetaChain leadership concluded that operating an independent Layer 1 blockchain no longer aligns with the project’s core development roadmap.
The organization is consolidating efforts around Anuma, a privacy-centric multi-model artificial intelligence platform that debuted in February.
According to ZetaChain, Anuma has onboarded more than 300,000 users and handled in excess of one million AI requests spanning 35 different language models.
The platform features an encrypted memory architecture that maintains continuity across various AI model interactions.
ZETA tokens currently serve a functional purpose within the Anuma ecosystem. Users can stake tokens to obtain service credits applicable to AI-powered features.
The project additionally referenced the substantial operational demands of maintaining a Cosmos SDK-based blockchain among its motivations for the platform change.
According to the proposal documentation, sustaining an independent network necessitates continuous coordination among validators for implementing software upgrades and deploying critical security updates.
Following the migration, Solana’s existing validator infrastructure will assume responsibility for securing native ZETA tokens, replacing ZetaChain’s current independent validator network.
ZetaChain pointed to Solana’s high-speed transaction processing, minimal fee structure, robust liquidity environment, and expanding AI agent infrastructure as primary factors driving the migration decision.
For the immediate term, ZetaChain’s Layer 1 network, staking infrastructure, and native token balances remain fully operational as development teams prepare the secondary proposal that will establish definitive migration timelines and shutdown procedures.
Bithumb a Coinone zařadily FET, EGLD, ACX, D, HOOK, SYND a ARIAIP na seznam varování pro investory. Vyřazení z obchodování zatím potvrzeno není, ale po kontrole může přijít i ukončení podpory.
Güney Kore kripto para piyasasında altcoin yatırımcılarını yakından ilgilendiren yeni kararlar peş peşe geldi. Ülkenin önde gelen kripto para borsalarından Bithumb ve Coinone, 14-21 Eylül tarihleri arasında toplam 7 kripto parayı yatırım uyarısı listesine aldı. FET, EGLD, ACX, D, HOOK, SYND ve ARIAIP için alınan kararlar, projelerin inceleme sürecinin ardından delist edilme ihtimalini gündeme taşıdı. Ancak yatırım uyarısı kararı, söz konusu altcoinlerin kesin olarak borsalardan kaldırılacağı anlamına gelmiyor.
Bithumb ve Coinone 7 Altcoin İçin Uyarı Verdi Güney Kore merkezli Bithumb ve Coinone tarafından son bir hafta içerisinde alınan kararlar kripto para yatırımcılarının dikkatini çekti. Yatırım uyarısı kapsamına alınan projeler arasında Fetch.ai (FET), MultiversX (EGLD), Across Protocol (ACX), Open Network (D), Hooked Protocol (HOOK), Syndicate (SYND) ve Aria Protocol (ARIAIP) bulunuyor. Borsalar belirlenen inceleme sürecinin ardından yatırım uyarısını kaldırabiliyor, değerlendirme süresini uzatabiliyor veya ilgili kripto paranın işlem desteğini tamamen sonlandırabiliyor. Bu nedenle mevcut kararlar doğrudan delist anlamına gelmese de söz konusu altcoinler açısından kritik bir inceleme sürecinin başladığını gösteriyor.
İlginizi Çekebilir: Binance’ten Bu Altcoin’e Destek: Fiyat Anında Fırladı!
Bithumb son olarak FET, EGLD ve ACX’i yatırım uyarısı kapsamına aldı. FET ve EGLD hakkındaki kararlarda projelerle bağlantılı güvenlik sorunlarının öne çıktığı belirtildi. Yaşanan güvenlik olaylarının ardından kullanıcı varlıklarının korunması ve ağ güvenliği konusunda değerlendirme süreci başlatıldı. Coinone da FET’i yatırım uyarısı listesine eklerken yaklaşık bir aylık inceleme süreci öngördü. Across Protocol tarafında ise projenin kurumsal yapısı ve DAO sistemindeki değişikliklerin yanı sıra faaliyetlerin sürdürülebilirliği konusunda ortaya çıkan soru işaretleri kararın gerekçeleri arasında gösterildi.
D, HOOK, SYND ve ARIAIP de İnceleme Altında Bithumb, 18 Eylül tarihinde Open Network (D) ve Hooked Protocol (HOOK) için de yatırım uyarısı kararı aldı. Borsa, iki projenin kullanım alanları ve proje faaliyetlerinin yeterliliğine ilişkin sorunlar tespit edildiğini bildirdi. Coinone ise 14 Eylül’de Syndicate (SYND) ve Aria Protocol’ü (ARIAIP) yatırım uyarısı listesine ekledi. SYND tarafında geliştirici şirketin faaliyetlerini sonlandırması ve projenin temel hizmetlerinin durması gerekçeler arasında yer aldı. ARIAIP için ise proje faaliyetlerinin sürdürülebilirliği ve gerçekliği konusunda eksiklikler bulunduğu belirtildi.
Borsaların açıklamalarına göre:
“Yatırım uyarısı sürecinin sonunda inceleme sonuçlarına bağlı olarak uyarı kaldırılabilir, değerlendirme süresi uzatılabilir veya işlem desteğinin sonlandırılmasına karar verilebilir.”
Yeni yatırım uyarılarının yanı sıra daha önce inceleme kapsamına alınan bazı altcoinlerle ilgili süreç de devam ediyor. Coinone, GALA, SODA ve MANTRA için yatırım uyarısı süresini uzatma kararı aldı. Borsa ayrıca Zilliqa (ZIL) için yürütülen inceleme döneminin de devam edeceğini açıkladı. Böylece Güney Kore borsalarının yalnızca yeni projeleri uyarı listesine eklemekle kalmadığı, daha önce inceleme başlatılan kripto paraları da değerlendirmeye devam ettiği görülüyor.
7 Altcoin İçin Delist Kararı Gelecek mi? Bithumb ve Coinone’ın FET, EGLD, ACX, D, HOOK, SYND ve ARIAIP için aldığı yatırım uyarısı kararları, bu altcoinleri Güney Kore piyasasında yakından takip edilen projeler arasına taşıdı. Mevcut aşamada söz konusu tokenler için kesinleşmiş bir delist kararı bulunmuyor. Borsaların incelemeler sonucunda uyarıları kaldırması, süreyi uzatması veya işlem desteğini sonlandırması mümkün. Bu nedenle özellikle bu 7 altcoinde işlem yapan yatırımcıların Bithumb ve Coinone tarafından yapılacak yeni duyuruları takip etmesi önem taşıyor.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Delegovaní zástupci Cardana zamítli žádost Input Output o 12,29 milionu ADA na projekt POGUN, přestože ústavní výbor ji jednomyslně schválil. Charles Hoskinson uvedl, že Input Output už nebude automaticky stavět produkty na Cardanu.
TLDR Cardano’s delegated representatives voted down a request for 12.29 million ADA meant for Input Output’s Pogun project. The Constitutional Committee approved the same proposal with a unanimous vote, but DRep support fell short. Charles Hoskinson said Input Output will no longer build products on Cardano by default. Pogun is designed to bring Bitcoin into decentralized finance and was expected to share earnings with Cardano’s treasury. Hoskinson said two products, RealFi and Pogun, are still expected to launch on Cardano before the end of the year. Cardano’s community governance system blocked a funding request tied to one of the network’s founding companies. The vote shows that even Input Output, the firm that built much of Cardano’s early technology, has to compete for treasury money like any other applicant.
The proposal asked for 12.29 million ADA to fund Pogun, a credit and liquidity product built to bring Bitcoin into decentralized finance. Input Output pitched the idea as a way to connect Bitcoin holders with Cardano’s financial tools.
In exchange for the funding, Input Output offered to return 20% of Pogun’s earnings to Cardano’s treasury until the initial investment was repaid. After that, the company proposed a lasting 5% share from products tied to Cardano.
How the Vote Played Out Two separate governance bodies reviewed the proposal, and they reached different conclusions. Cardano’s Constitutional Committee voted seven in favor with zero against, a full approval from that group.
Delegated representatives, known as DReps, hold different authority. These are voters who receive voting power delegated to them by ADA holders across the network.
The DRep vote did not go the same way. Final numbers showed 35.67% in favor and 64.33% against, which meant the funding request expired without moving forward.
Because Cardano’s system requires both bodies to align on treasury spending, the mismatch was enough to stop the withdrawal. The committee liked the proposal. The DReps did not.
Charles Hoskinson addressed the result in a broadcast on September 18, 2026. He said Input Output will now choose whichever network fits each product best, rather than defaulting to Cardano first.
He added that Cardano remains the strongest technical option for Bitcoin-based decentralized finance projects that rely on Bitcoin-style transaction structures. He said this is still true even after the vote.
What Happens Next Hoskinson said RealFi is expected to launch on Cardano in October 2026. He said Pogun is expected to follow within 90 days of his broadcast, placing a possible launch around mid-December.
He also said that without treasury funding, Pogun is no longer required to stay tied to Cardano. He said traffic from the product could be routed to other blockchain networks instead.
Hoskinson did not rule out the possibility that another network could offer support to Pogun in exchange for some form of exclusivity. The original proposal reviewed by voters did not include language requiring Pogun to stay on Cardano.
This is not the first sign of Input Output building outside Cardano. Midnight City V2, an application connected to the Midnight network, was documented in July 2026, before the Pogun vote took place.
That timing means the shift toward building on multiple networks did not start with this one funding decision. It appears to reflect a wider approach already underway at Input Output.
If Pogun does launch on Cardano as planned, the network could still see transaction activity and value flow through its system. That would happen without the revenue-sharing terms that voters turned down.
For now, Cardano’s treasury remains unspent on this proposal, and Input Output is free to pursue funding or partnerships through other channels.
Pendle spustil trh NGI+, který umožňuje uživatelům DeFi obchodovat s fixním a variabilním výnosem z tokenizovaných privátních infrastrukturních aktiv. Pro držitele principal tokenu je stanoven počáteční fixní výnos zhruba 19 %.
Pendle just opened a new market that lets DeFi users trade fixed and variable yield on tokenized private infrastructure assets. The product, built around the NGI+ token, essentially brings the kind of cash-flow-generating investments that pension funds and endowments hoard into the world of onchain finance.
The NGI+ market went live on September 17-18 with a maturity date of December 10, 2026, and an initial fixed yield of approximately 19% for principal token holders.
How the mechanics work Users can split the NGI+ token into a principal token (PT) and a yield token (YT). Buy the PT, and you’re locking in a fixed return, similar to buying a bond and holding it to maturity. Buy the YT, and you’re making a bet on variable yield exposure, essentially speculating on whether the underlying infrastructure assets will outperform the fixed rate.
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The underlying NGI+ token, backed by AssetoFinance, tracks the performance of a Partners Group infrastructure strategy called Next Generation Infrastructure. Partners Group manages approximately $186 billion in assets, and the relevant infrastructure strategy fund exceeds $1 billion in assets under management.
The performance case Since its inception in February 2024, the fund has delivered a cumulative net return of 48.8%, with volatility below 2.5% and no reported drawdowns.
By mid-September 2026, the total onchain value of the NGI+ token sat at about $4.17 million. The NGI+ token was first launched on July 7, 2026, and Pendle’s market now adds a layer of liquidity and composability on top of it.
Why this matters for the broader market Pendle co-founder TN Lee described the NGI+ integration as a significant step toward merging institutional-grade private infrastructure with blockchain technology.
The tokenized real-world asset market has now surpassed $300 billion. Treasury tokenization led the first wave. Private credit followed. Private infrastructure is the logical next frontier, because these assets generate steady, long-duration cash flows that map neatly onto bond-like structures.
For retail investors, locking in a fixed yield near 19% on an asset backed by institutional infrastructure, with the option to exit through secondary market liquidity, is a product that simply didn’t exist in DeFi a year ago. The risk trade-offs include smart contract risk, tokenization counterparty risk through AssetoFinance, and the general illiquidity premium embedded in private assets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pendle upravil poplatky u PT Looping na dynamický model, který se odvíjí od očekávaného výnosu, přičemž sazba odpovídá zhruba 10 % z odhadovaného výnosu a má strop 10 bazických bodů. Pro kratší nebo méně výnosné smyčky tak budou náklady nižší než dříve.
Pendle just reworked how it charges for one of its most popular features. PT Looping, the protocol’s automated leverage tool for Principal Tokens, now uses a dynamic fee model that scales based on how much yield a user actually stands to earn. The cap sits at 10 basis points, and for shorter or lower-yield loops, fees drop well below that ceiling.
What changed and why it matters The new fee formula targets roughly 10% of the projected yield from any given loop, with an absolute maximum of 10 basis points (0.10%). That replaces the previous model, which charged a flat 5 basis points on total notional assets, plus whatever trading fees and gas costs piled on top.
Under the dynamic model, lower-yield loops get proportionally cheaper fees. Meanwhile, someone running a short-duration loop on a modest yield might pay just a few basis points. For context, a basis point is one-hundredth of a percentage point. Ten basis points on a $100K position is $100.
How PT Looping actually works PT Looping is Pendle’s way of automating a strategy that DeFi power users have been doing manually for years. The basic idea: you hold Principal Tokens, borrow against them as collateral on a lending platform like Aave or Morpho, use the borrowed funds to buy more PTs, and repeat. The manual version requires bouncing between multiple protocols, executing several transactions, and paying gas fees at every step. PT Looping bundles all of that into a single automated process.
In August 2026, Pendle ran incentive programs that delivered an additional 2% APY boost for PT Looping users, with pool caps raised to $15M for select opportunities. The fee structure update was announced September 18, 2026.
For traders and liquidity providers already active in Pendle’s ecosystem, the immediate effect is straightforward: running PT Looping strategies just got cheaper in most scenarios. The previous 5 bps flat fee on total notional could exceed the new dynamic fee significantly, especially for shorter-duration or lower-yield positions where the 10% of projected yield calculation produces a number well below the cap.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Podle CryptoQuant dosáhl měsíční odliv ETH z Binance nejvyšší úrovně od roku 2023, a to přes 90 000 měsíčně. To naznačuje silnější středně- až dlouhodobou akumulaci.
According to CryptoQuant analyst Darkfost, there has been a significant increase in Ethereum (ETH) withdrawals via Binance. The exchange’s average monthly ETH withdrawal count exceeding 90,000 indicates that medium- and long-term accumulation activity has reached its highest level in the last three years.
Darkforth reported that the monthly average of ETH withdrawals on Binance has risen to its highest level since 2023. This level is approximately double the figure recorded at the beginning of the year.
In its analysis of on-chain data, Darkfost stated that the large amount of ETH being moved out of cryptocurrency exchanges is noteworthy in terms of investor behavior. The analyst noted that withdrawals from exchanges could be linked to the transfer of purchased Ethereum assets to personal wallets or other external addresses, suggesting a tendency towards longer-term holdings.
The transfer of assets from exchanges to personal or external wallets may indicate that investors prefer to store those assets in addresses under their own control rather than holding them on exchanges for short-term trading. However, exchange exits alone do not definitively prove that investors intend to hold assets long-term.
Withdrawals from Binance reaching a three-year high have raised concerns about shifts in Ethereum investor custody preferences. Whether withdrawal activity will remain at similar levels in the future could be a key indicator for assessing medium- and long-term market behavior.
*This is not investment advice.
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Hyperliquid dosáhl nového historického maxima nad 92 USD po spuštění nové půjčovací funkce, která umožňuje půjčit si stablecoiny proti zástavě v HYPE nebo Bitcoinu. Tržní kapitalizace projektu přesáhla 20 miliard USD.
Hyperliquid, the decentralized platform behind the HYPE token, has achieved a new milestone as its price hit an all-time high of over $92. The surge in value coincides with the platform’s expanded features, including a new borrowing facility that allows users to borrow stablecoins against HYPE or Bitcoin collateral. This development has possibly contributed to the token’s rise, with its market capitalization soaring past $20 billion. Despite this upward momentum, potential competition and regulatory challenges may pose hurdles to its sustained growth.
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Key Takeaways Hyperliquid’s price action suggests market participants are optimistic about its potential to reach $100 by the end of 2026. The introduction of borrowing against HYPE likely contributed to its recent price surge, indicating increased utility and demand. While current pricing trends appear supportive of a YES outcome for reaching $100, the market acknowledges potential risks from competition and regulation. What to Watch Market observers should monitor Hyperliquid’s ongoing developments, particularly any new partnerships or technological advancements that could bolster its competitive position. Regulatory news and potential security issues may also impact its future performance. Current pricing suggests confidence in short-term gains, but longer-term sustainability remains uncertain. Key dates include December 31, 2026, when the market will assess if Hyperliquid has met the $100 target.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 78% — — View market → January 1 2027 3.5% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.1% — — View market → January 1 2027 8.5% — — View market → January 1 2027 5.5% — — View market → January 1 2027 7.5% — — View market →
CLARITY Act v americkém Senátu neprošel procedurálním hlasováním, takže se regulace kryptoměn přesouvá hlavně na SEC a CFTC. Bitcoin má podle analýzy díky statusu komodity a spot ETF větší jasnost než většina altcoinů.
TLDR: The Senate vote fell short of the 60 votes needed, but the CLARITY Act is not formally rejected The SEC and CFTC plan to act under existing authority, and Cooper expects rules in six-plus months. Agency rules lack the permanence of legislation and remain open to court challenges and reversals. Bitcoin’s commodity status and spot ETF access limit its direct exposure and may lift BTC dominance. The CLARITY Act failed to advance in the U.S. Senate on September 15. U.S. crypto regulation now shifts from Congress toward federal agencies. The procedural vote fell short of the 60 votes required.
It was not a final rejection of the bill, and revisions and another vote remain possible. However, passage this year looks increasingly difficult.
Disputes over political conflicts of interest, stablecoin rewards, and investor protection stalled the effort. Bitcoin’s direct exposure appears limited, according to XWIN Japan.
Agencies Take the Lead Under Existing Authority Attention now turns to the SEC and CFTC and what they can do under existing authority. The CLARITY Act stall leaves the agencies as the main path for near-term rules.
The setback delays legislation, but it does not end U.S. crypto rulemaking. Congress leaves in early October, so little time remains for another vote.
SEC Chairman Paul Atkins said the agency will act within its statutory authority, with or without legislation. CFTC Chairman Michael Selig said the agency is ready to ship its rules. Both statements came after the CLARITY Act vote.
The SEC proposed Regulation Crypto Assets in August. The two agencies also coordinated through Project Crypto, including a joint interpretation in March. Charley Cooper of Ava Labs expects rules to need six-plus months before taking shape.
Industry Reaction and Limits of Agency Rules Agency action does not carry the same permanence as legislation. Atkins acknowledged this limit in August. He called legislation indispensable for rules that a future regulator cannot easily reverse. Such rules also remain open to court challenges and policy reversals.
Cooper spoke at the Avalanche Summit and cited yield-bearing stablecoins as one issue. He also pointed to the difficulty of moving partisan bills in a midterm year. He said the result was not a surprise. Still, he said the industry should not wait for permission.
Panelists at the Avalanche Summit called the CLARITY Act vote a setback, not a terminal failure. They represented the Digital Chamber, Blockchain Association, Crypto Council for Innovation, and DeFi Education Fund.
Many policy issues had been settled with congressional staff before political disputes took over in the final hours. Ethics conflicts remain one obstacle, and developer protections under the Blockchain Regulatory Certainty Act also became contentious.
XWIN Japan said Bitcoin’s commodity treatment and established spot ETF access offer more clarity. Many altcoins and DeFi services operate with less certainty by comparison.
Prolonged uncertainty could reinforce Bitcoin’s relative appeal, the analysis noted. That shift could lift BTC dominance. Meanwhile, the lack of legislation may slow real-world asset tokenization and other institutional projects. The work will continue either way.
Bitcoin’s decline also coincided with monetary tightening. Attributing it solely to the CLARITY Act would be misleading, the analysis said.
Near-term direction will likely depend on ETF flows, Fed expectations, Treasury yields, the dollar, and BTC exchange inflows.
Aave předkládá návrh na Custodied Collateral Lending pro instituce, které by mohly půjčovat stablecoiny proti aktivům drženým v úschově u Anchorage. Systém má běžet na Aave V4 v odděleném Liquidity Hubu.
Aave has submitted a governance proposal to introduce Custodied Collateral Lending built on Aave V4, letting institutions borrow stablecoins using assets held in custody at Anchorage. Announced in an official post on X, the design keeps the underlying collateral in Anchorage’s custody for the full loan term, while the custodian manages collateral, records balances and loan lifecycle events, and handles over-the-counter sales in the event of liquidation.
How Custodied Collateral Lending Works The system uses Chainlink CustodySync to sync custodied balances on-chain in the form of non-transferable receipt tokens, while Chainlink Price Feeds provide consistent pricing data to Aave and the custodian to keep loan-to-value ratios synchronized. Borrowed stablecoins can be delivered directly to the borrower’s address in a single transaction, streamlining the flow for institutional users. Receipt tokens let participants track exposure without moving the underlying assets, a structure aimed at satisfying the segregation and audit requirements that regulated institutions demand.
A Standalone Liquidity Hub The new facility would operate within a standalone Liquidity Hub on Aave V4, isolated from the protocol’s existing markets. That separation is intended to contain risk from the institutional product while letting it tap the same underlying infrastructure. Aave has been expanding its institutional footprint, joining a broader push to bring custodial crypto lending to institutions alongside moves such as Deutsche Bank’s entry into digital asset custody.
The proposal is part of Aave’s push to make decentralized lending attractive to banks, funds and fintechs, a segment that has largely stayed away from permissionless protocols because of custody and compliance concerns. Aave V4, the protocol’s next major architecture, is designed with modular liquidity hubs that let different lending products operate side by side while managing their own risk parameters.
What It Means for DeFi The proposal reflects a maturing DeFi sector seeking to serve regulated institutions rather than retail users alone. By pairing Aave’s lending rails with Anchorage’s custody and Chainlink’s data infrastructure, the product targets the trust and compliance requirements that have kept many institutional players on the sidelines of decentralized lending. If approved, the facility would mark another step in the convergence of decentralized finance and traditional custody, two rails that have historically operated in separate worlds.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
USDG od Paxos dosáhl v září na Uniswapu objemu obchodování 21,8 miliardy USD, což tvořilo 98 % jeho aktivity na DEX. Na Uniswapu tak tvořil zhruba 31 % celkového měsíčního objemu.
A stablecoin that barely existed a year ago just posted a month of trading volume that would make most mid-cap tokens jealous. Paxos’ USDG, also known as Global Dollar, racked up $21.8 billion in trading volume on Uniswap during September, representing 98% of its total decentralized exchange activity.
To put that in perspective, USDG’s circulating supply sits at roughly $3.2 billion. That means the stablecoin turned over nearly seven times its entire supply on a single DEX in a single month.
The StablePair Hook effect The volume explosion wasn’t random. It traces directly to Uniswap’s launch of its StablePair Hook on September 10, a new feature built on Uniswap v4 that introduced dynamic fee structures for stablecoin trading pairs like USDC/USDG on Ethereum.
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USDG currently holds over $600 million in total value locked across DEX pools, a substantial liquidity base that helps explain how the token could absorb that level of trading activity without significant price deviation from its dollar peg.
From zero to $3.2 billion in under a year Paxos Digital Singapore launched USDG in November 2024, backed 1:1 by liquid US dollar assets and regulated by Singapore’s Monetary Authority. Paxos built the Global Dollar Network, a consortium of partners that share in the economics generated by USDG’s reserve assets. By mid-2026, that network had expanded to over 150 partners, including heavyweights like Robinhood and Kraken.
USDG is now live across multiple networks including Ethereum, Solana, Robinhood Chain, X Layer, and most recently Mantle, where native issuance was introduced to capture additional DeFi trading activity.
What the numbers mean for the broader stablecoin market Uniswap’s total monthly DEX activity has surpassed $70 billion, meaning USDG pairs accounted for roughly 31% of the platform’s entire volume in September.
Uniswap v4’s hook system, which lets developers customize pool behavior with modular smart contract add-ons, is turning into a competitive advantage for stablecoins that embrace it early. USDG’s volume surge suggests that technical integration with cutting-edge DeFi infrastructure can matter as much as raw market cap.
No significant expert evaluations or market valuation discrepancies were reported during September’s volume spike, indicating stable market performance for USDG.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance pozastaví vklady a výběry na síti Terra (LUNA) přibližně od 2026-09-21 14:00 (UTC) kvůli plánovanému síťovému upgradu. Obchodování tím nebude dotčeno.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-09-21 14:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Terra (LUNA) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 22,942,000, or approximately at 2026-09-21 15:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-09-21
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Shiba Inu community has received a new update on the ecosystem's layer 2 blockchain, Shibarium.
A longtime member of the Shiba Inu community, Mazrael, posted an update from Shiba Inu developer Kaal Dhairya on X, hinting at a Shibarium reorg and migration.
The update is a major step forward for the Layer-2 network as its infrastructure upgrade continues.
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Mazrael shared Kaal's message that the Shibarium reorg is now solved. Mazrael said the remaining step is for DRPC to complete the same transition in the new environment. "Moving forward," Mazrael added.
Update from Kaal on the Shibarium reorg/migration:
Kaal says reorg is solved. The remaining step is for DRPC to complete the same transition in the new environment.
Moving forward. pic.twitter.com/amuQxcCTPb
— Mazrael.shib (@Mazrael_shib) September 19, 2026 In late 2025, old public RPC endpoints connecting to Shibarium were shut down as part of a migration to a new, official, more stable, and decentralized RPC infrastructure.
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Further details on the Shibarium reorg and migration were not available at press time, with the Shiba Inu community watching its impact on the SHIB ecosystem and what comes next.
Shiba Inu and Shibarium receive quiet improvementsIn a September 15, 2026, X post, Mazrael informed Shibarium node operators of a peer rotation as new Bor static-nodes and Heimdall persistent_peers were published, with the old set now obsolete.
Mazrael noted the peer update to be a full rotation rather than an addition, with the new IPs entirely different from the previous set.
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Earlier, the Shibarium RPC listing was refreshed in the ethereum-lists/chains registry, with updated connection details made available on Chainlist. The update was necessitated after Shibarium migrated its public RPC in November 2025, and the entry was never updated, which has now been addressed.
Along similar lines of an upgrade to the Shiba Inu layer-2 network, the Shibarium explorer Shibariumscan reports an ongoing reindexing of the chain, with 53% of blocks currently indexed.
In a separate development but still within the Shiba Inu ecosystem, the official shib.io website and the ShibaSwap page were moved to Cloudflare on September 12, 2026, with IPv6 added to both, leaving the old host behind. Mazrael noted that Shiba Inu's official documentation at doc.shib.io was migrated as well.
POSCO International a LG CNS zvolily Injective pro první on-chain pilot obchodního financování, který úspěšně zpracoval pohledávky z reálné obchodní činnosti. AI agenti před emisí na chainu prověřili akreditivy a obchodní dokumenty.
POSCO International and LG CNS selected Injective for the first onchain trade finance pilot. AI agents reviewed Letters of Credit and trade documents before receivables were issued onchain. Injective is now an SEC-registered transfer agent, the first layer 1 to pair RWAs with recordkeeping. Injective has brought over $1 billion in real estate mortgages onchain, with more RWAs coming soon. Onchain trade finance now has its first pilot on Injective. South Korea’s largest trading company, POSCO International, and LG CNS selected the blockchain for the project.
The pilot successfully completed a transaction using trade receivables generated through real commercial activity. AI agents reviewed Letters of Credit and supporting trade documents during the process.
The receivables were then issued as programmable, permissioned onchain assets with compliance controls embedded directly into the infrastructure.
Injective Onchain Trade Finance Capabilities Injective shared the details in a post on X. The network said it is breaking new ground in tokenization. According to the post, its approach combines purpose-built RWA infrastructure, AI-powered finance, and regulatory rails on one unified network. The pilot forms part of that effort.
ICYMI: Injective is breaking new ground in tokenization by bringing purpose-built RWA infrastructure, AI-powered finance, and regulatory rails together on one unified network.
South Korea’s largest trading company, POSCO International, and LG CNS recently selected Injective as… pic.twitter.com/o8heyzCUOs
— Injective 🥷 (@injective) September 20, 2026
Injective said the pilot demonstrated what its infrastructure can power. These include programmable tokenized receivables, compliance controls, and regulated issuance rails.
The list also covers AI-assisted trade document review and institutional-grade onchain financial infrastructure. Together, these features supported the receivables issued during the pilot.
Trade finance supports more than $5 trillion in annual financing globally, according to the post. Injective said bringing these workflows onchain opens the door to modernizing one of the world’s largest financial markets.
The network listed faster settlement, greater programmability, and entirely new forms of RWA issuance as benefits.
Injective also said that trade finance is only one part of the story. The post then turned to other RWA developments alongside the onchain trade finance pilot. Those developments include a regulatory registration and a growing range of tokenized assets.
SEC Registration and Expanding RWA Footprint Injective is now an SEC-registered transfer agent. The network said this makes it the first layer 1 blockchain to combine native RWA infrastructure with regulated recordkeeping.
The recordkeeping capabilities are required by U.S. capital markets. The announcement appeared alongside the onchain trade finance update in the same post.
Beyond the registration, this infrastructure has helped bring over $1 billion in real estate mortgages to Injective. The network said the figure further expands its footprint across real-world assets. The mortgages are one of several asset types now available on the network.
To date, Injective has brought a growing range of assets onchain. These include institutional funds, public equities, trade receivables, and real estate mortgages.
Trade receivables entered that list through the recent onchain trade finance pilot with POSCO International and LG CNS. The network also listed pre-IPO exposure to companies such as SpaceX and OpenAI.
Injective said its goal extends beyond tokenizing individual assets. The network is building a full stack for compliant internet capital markets.
That stack covers issuance, trading, settlement, compliance, recordkeeping, and AI-powered onchain financial workflows.
It runs on one purpose-built network designed for the world’s largest financial institutions and everyday users. Injective added that new RWAs and deployments are coming soon.
Circle spustila Facilitator Service pro x402 platby vypořádané v USDC na sítích Arc, Base a Polygon PoS. AI agenti tak mohou autorizovat platby bez samostatné peněženky na gas, zatímco Circle zajišťuje screening i onchain settlement.
20 September 2026 | 22:13 Circle’s new facilitator lets AI agents authorize USDC payments without holding separate gas tokens, while Circle handles screening, transaction submission and onchain settlement for sellers.
Key Takeaways Agents sign payments; Circle submits the transfers. Gas remains, but Circle pays it. Circle screens wallets, not purchase intent. The service supports three blockchain networks. Easier integration creates dependence on Circle. The payment begins with a web request, not a checkout Circle announced on September 19 that its Facilitator Service was available for x402 payments settled in USDC across Arc, Base and Polygon PoS.
In practice, the service handles a simple exchange. An AI agent asks an online service for something, a dataset, an API response or a completed task, and the server replies with a price. The agent signs a payment authorization, the USDC moves and the server releases the result.
x402 supplies the language for that exchange. It is an open protocol built around the web’s 402 Payment Required status code. When a server returns that response, it can include the amount, accepted payment method, blockchain and destination address. The buyer then sends back proof that it has authorized the payment.
x402 does not move money by itself. It only standardizes the conversation between buyer and seller. Circle’s new service performs the blockchain work that follows.
How one x402 payment reaches the blockchain 1. Request
The agent asks a seller’s API for a paid resource.
2. Price
The seller returns the cost, network and payment address.
3. Authorization
The buyer’s wallet signs permission to transfer a specific amount of USDC.
4. Settlement
The seller sends that signature to Circle, which checks and submits the transfer.
5. Delivery
After confirmation, the seller receives a transaction hash, a public reference for the payment, and releases the resource.
Gas has been moved out of sight, not eliminated Every blockchain transaction needs a network fee, commonly called gas. On many networks, that fee must be paid with the chain’s native token. A buyer holding USDC may therefore be unable to send it unless the same wallet also contains the correct gas token.
Developers can work around this by operating a relayer: a separate system that submits transactions for users and pays their gas. That normally means protecting another signing key, maintaining a funded gas wallet and monitoring transactions when they fail.
Circle places those jobs behind one hosted service. According to its technical documentation, Circle broadcasts each transfer through its relayer and pays the settlement gas. The buyer authorizes the USDC payment but does not need to maintain a separate balance of the network’s native token. Gas has not disappeared; Circle has taken over the job of funding and submitting the transaction.
The wallet signature is the actual spending permission The transfer uses EIP-3009, a standard that lets a token holder authorize a transfer with an offchain signature. “Offchain” means the wallet signs a message without immediately sending a transaction or paying gas.
That signed message identifies the wallet paying, the recipient, the USDC amount, the period during which the authorization is valid and a unique code known as a nonce. The nonce prevents the same authorization from being used repeatedly.
Circle checks that the signature is valid, that the buyer has enough USDC and that the recipient matches the payment address specified by the seller. It also screens both addresses before submitting the transfer. Circle records the payment before broadcasting it so that retrying the same request does not produce a second charge.
This is where the difference between technical authorization and human permission matters. The signature proves that the buyer’s wallet approved the transfer. It does not prove that an AI agent remained within a budget, bought an appropriate service or followed the instructions of its owner.
A person or application operator still has to decide how much control to give the agent. That could mean using a wallet with a limited balance, programming the wallet to approve only defined actions, restricting recipients or setting a spending ceiling. Circle explicitly says its facilitator does not verify the purpose of a transaction or the scope of an agent’s authority.
Buyer or AI agent Requests the resource and signs an exact USDC payment from its wallet.
Seller Sets the price and destination, requests settlement and releases the paid resource.
Circle Checks the authorization, screens both parties, pays gas and submits the transfer.
Convenience shifts payment operations to Circle Running fewer payment components can reduce mistakes and shorten development time. It also concentrates several functions inside Circle’s service.
A seller using the facilitator depends on Circle to accept the request, complete its screening, keep the relayer funded and submit the transaction. If the hosted service becomes unavailable or refuses one of the addresses, settlement can stop even when the underlying blockchain continues operating.
That is an operational dependency rather than custody. Circle says the service does not hold or control the buyer’s funds. The USDC remains in the buyer’s wallet until the authorization is executed by the token contract—the blockchain program that records USDC transfers.
Circle allows limited keyless testing, but continued production use requires sellers to authenticate through a Circle API key.
The tradeoff in one sentence Developers no longer have to operate a relayer, gas wallet and screening process, but their payment flow now relies on Circle operating those components for them.
Depending on Circle does not remove network-level risk either. Circle warns that payments on Base and Polygon PoS can be affected by a blockchain reorganization—a rare event in which a recently recorded block is replaced. Circle describes Arc settlements as final, while it does not guarantee receipt on Base or Polygon PoS.
Arc is assembling more than a payment layer Removing payment friction matters more when recipients can use the USDC they receive. Arc already hosts Uniswap’s exchange infrastructure, including v2, v3, v4 and UniswapX. That places payment settlement and access to onchain liquidity on the same network.
The two systems are not automatically connected, and their presence does not guarantee agent-driven volume. They do, however, place payment settlement and trading infrastructure within the same Arc ecosystem.
Faster settlement makes spending controls more important Easier settlement raises the value of wallet-level controls. A restricted wallet can make autonomous payments useful; an unrestricted signing key can make an agent’s mistake expensive.
Circle can verify that a signature is valid and deliver the payment to the blockchain. Deciding whether the agent should have signed it remains the responsibility of the application and its owner.
This article is provided for informational purposes only and does not constitute financial, legal or investment advice. Payment-service features, supported networks and settlement conditions may change.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Hyperliquid za období od ledna do září 2026 vygeneroval zhruba 429 milionů USD a vedl žebříček kryptoprojektů podle tržeb. Asi 99 % poplatků z perpetual futures míří do Assistance Fund na buyback a burn HYPE.
Nine months into 2026, one protocol has lapped the field on revenue. Hyperliquid, the decentralized perpetual futures exchange running on its own Layer-1 blockchain, generated approximately $429 million between January and September, placing it first among all crypto projects by year-to-date income, according to data from gcko.io.
To put that number in perspective: the platform’s cumulative all-time revenue as of mid-September sat somewhere between $1.26 billion and $1.31 billion. That means Hyperliquid has collected more than a third of its entire earnings history in just the first nine months of this year.
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How the money actually flows Hyperliquid routes roughly 99% of eligible perpetual futures trading fees into what it calls the Assistance Fund, which uses those proceeds to buy back and burn HYPE tokens. As of September 2026, approximately 48.7 million HYPE tokens have been removed from circulation, representing about 4.9% of the total supply.
Recent weekly revenue figures hovered around $13.5 million, with daily peaks approaching $3 million. The 30-day revenue recently reached approximately $64 million. Annualizing the weekly run rate puts the platform on a trajectory exceeding $700 million for the full year.
What’s driving the volume Hyperliquid’s revenue engine runs on perpetual futures, the synthetic derivatives contracts that let traders take leveraged positions on crypto assets without ever touching the underlying token. The platform operates on HyperCore, its own Layer-1 blockchain optimized for low-latency execution. Transaction finality arrives in hundreds of milliseconds. Peak daily trading volume has reached billions of dollars.
Why the rankings matter The Assistance Fund model also changes the competitive calculus. Liquidity comes from the platform’s own market-making infrastructure rather than external LPs taking a cut, and development is funded separately from the fee revenue that flows to buybacks. The buyback mechanism works elegantly when fee revenue is growing, but it offers limited buffer if volume drops sharply. A platform that burns its income rather than accumulating reserves has less cushion for adverse conditions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NEAR vzrostl 20. září asi o 13 % na 4,07 USD, když near.com spustil důvěrné perpetual futures s více než 50 trhy a pákou až 40x. Confidential TVL zároveň přesáhl 90 milionů USD.
NEAR climbed about 13% to $4.07 on September 20 as its September rally accelerated. near.com now offers 50+ Hyperliquid perpetual markets with leverage of up to 40x, using NEAR Intents for cross-chain funding. Confidential TVL passed $90 million in NEAR’s September 19 announcement, while live readings subsequently climbed much higher. NEAR extended its September rally on Sunday as near.com expanded its cross-chain infrastructure into leveraged derivatives, launching confidential perpetual futures powered by Hyperliquid.
The token traded around $4.07 on September 20, gaining roughly 13% during the session after touching $4.31.
NEAR trades at $4.0727 after gaining 13.60% on September 20. Source: TradingView Behind the price move is a product that combines NEAR’s cross-chain routing with an established derivatives venue rather than attempting to build a new exchange. Traders can access more than 50 perpetual markets with leverage of up to 40x, while NEAR Intents handles the movement and conversion of assets used to fund their accounts.
The “confidential” label also has an important limitation: it applies to the connection between a trader’s funding source and trading account, not to making Hyperliquid’s underlying market activity invisible.
How NEAR’s Confidential Perps Work The product splits the trading process across three layers.
NEAR Intents handles cross-chain routing and asset conversion. near.com provides the interface and confidential funding process. Hyperliquid supplies the perpetual markets and execution infrastructure.
That setup allows users to start with assets held across supported blockchains rather than manually bridging and converting collateral before reaching the derivatives venue.
Confidentiality is focused on the funding path. Deposits and withdrawals associated with the dedicated trading account are designed to break the publicly visible connection to the original wallet.
The resulting positions should not, however, be treated as completely private trades. Hyperliquid remains the execution venue, so confidentiality around wallet provenance is different from hiding orders and positions themselves.
For larger traders, that separation can be meaningful. Linking a well-funded wallet directly to a leveraged trading account can reveal capital movements and potentially expose information about a trader’s broader activity.
40x Leverage Raises the Stakes Making a derivatives account easier to fund does not make leverage safer.
near.com offers leverage of up to 40x, meaning a trader using the maximum can control a position approximately 40 times the initial margin.
A 2.5% adverse price move would equal the initial margin under simple 40x leverage arithmetic. But that should not be interpreted as a universal 2.5% liquidation threshold.
Actual liquidation depends on maintenance margin requirements, fees and market-specific risk parameters. The near.com interface itself illustrates the difference: an example 10x ZEC position showed a liquidation price roughly 7% below entry rather than the simple 10% suggested by dividing one by leverage.
Cross-chain funding introduces another layer of dependency. Traders are relying not only on the derivatives venue but also on the infrastructure responsible for routing, converting and settling their collateral.
near.com says transactions are signed locally on users’ devices and that users retain control of assets until funds are committed to a position.
Confidential TVL Moves Beyond NEAR’s $90 Million Milestone Capital flowing into NEAR’s confidential infrastructure has increased rapidly alongside the product expansion.
NEAR announced on September 19 in X that near.com had reached $90 million in Confidential TVL. That was a dated milestone rather than a live ceiling on the amount of capital using the infrastructure.
$90 million confidential TVL.
Encrypt your commerce. pic.twitter.com/QsSBRUpxeT
— NEAR Protocol (@NEARProtocol) September 19, 2026
Live dashboard readings subsequently moved into roughly the $170 million-$182 million range as additional capital entered the system.
The difference is largely one of timing. The $90 million figure captures the level NEAR publicly highlighted on September 19, while the dashboard is dynamic and changes as assets move through the relevant infrastructure.
There is another factor to consider when interpreting the increase.
Confidential TVL had previously crossed $70 million, triggering the first snapshot of the [email protected] incentive program. Incentives can attract capital specifically seeking rewards, meaning the headline TVL increase should not automatically be treated as evidence that an equivalent amount represents permanent trading demand.
Retention after the incentive period will therefore provide a cleaner indication of how much capital is staying in the system.
Hyperliquid Gives NEAR Liquidity Without Another DEX The decision to integrate Hyperliquid removes one of the largest obstacles facing a new perpetual platform: creating a liquid market from scratch.
Hyperliquid was processing roughly $240 billion in perpetual-futures volume over a 30-day period in mid-September, giving near.com access to substantial existing trading activity instead of requiring NEAR to attract a separate pool of market makers and traders.
The structure is relatively straightforward:
NEAR Intents: cross-chain routing and asset conversion near.com: confidential funding and account interface Hyperliquid: markets, liquidity and derivatives execution For NEAR, the opportunity is therefore not necessarily to replace an established derivatives exchange. It can instead become part of the infrastructure traders use to reach external liquidity.
A user also does not need to migrate an entire portfolio onto NEAR first. Assets held elsewhere can be routed and converted through Intents into the collateral required for the Hyperliquid account.
This makes adoption of NEAR Intents itself particularly important. If the product succeeds, growth can occur through transaction routing even when the final trade executes outside NEAR’s own markets.
Privacy Does Not Remove Geographic Restrictions Confidential funding should also be separated from regulatory access.
near.com’s perpetual product states that it is unavailable to U.S. persons and users in certain other restricted jurisdictions. The published restriction establishes who may use the product, although near.com does not provide enough information on the product page to conclude precisely how every restriction is technically enforced.
That distinction prevents privacy from being confused with unrestricted access.
Eligible users still face the normal financial risks of leveraged derivatives alongside additional technical dependencies created by cross-chain routing. A private funding path does not change the possibility of liquidation or eliminate smart-contract and infrastructure risk.
NEAR Nearly Doubles During September Rally NEAR’s product expansion has coincided with a dramatic move in the token.
The token was trading near $2.30-$2.40 in mid-September before accelerating on September 17. It subsequently broke through $3 and $3.50 on its way to an intraday high of approximately $4.31 on September 20.
The move represents an increase of more than 75% from the $2.30 area.
The timing does not establish that confidential perpetuals caused the entire rally. NEAR had already attracted attention around Confidential Intents, rising TVL and the [email protected] program, while Bitcoin and the broader crypto market also strengthened during the period.
For the underlying product, the next set of numbers will be more informative than another short-term price move.
Perpetual volume routed through near.com will show whether traders are using the new integration. Confidential TVL after the incentive snapshots will reveal how much capital remains when reward-driven demand fades. And continued NEAR Intents volume will show whether its role as a cross-chain access layer is expanding beyond the initial derivatives launch.
Those metrics will determine whether September’s surge translates into sustained use of NEAR’s infrastructure.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Hyperliquid překonal 8,1 miliardy USD v otevřeném zájmu a stanovil nové historické maximum. Současně drží rekordní podíl 10,9 % na globálním otevřeném zájmu perpetual futures.
Hyperliquid just crossed a threshold that most centralized exchanges would envy. Total open interest on the decentralized perpetuals platform surpassed $8.1 billion on September 20, 2026, a new all-time high that cements its status as the dominant force in on-chain derivatives trading.
The 24-hour trading volume at the time of the milestone cleared $1.05 billion, according to DefiLlama.
How Hyperliquid got here When the protocol launched HIP-3 in October 2025, it opened the door to tokenized traditional assets: equities, commodities, and other real-world instruments that had previously been locked behind centralized brokerage accounts. Tokenized asset markets under HIP-3 now sometimes account for more than 30% of total open interest on the platform.
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Hyperliquid operates as a Layer-1 blockchain with a custom consensus mechanism built specifically for high-speed trade execution. In practical terms, this means order fills and liquidations happen fast enough to compete with centralized platforms on responsiveness.
The HYPE token math HYPE, the platform’s native token, was trading between $90.88 and $91.32 around the time of the all-time high, with recent local peaks touching the $93 to $94 range.
Approximately 26,310 HYPE tokens were burned in a single 24-hour window, worth roughly $2.4 million at current prices. Hyperliquid funds these burns through trading fees, which flow into an on-chain Assistance Fund that executes HYPE buybacks and destroys the tokens. Lifetime burns have now surpassed 48 million HYPE tokens, representing about 4.88% of the maximum possible supply.
What the market share number actually means Hyperliquid now accounts for approximately 10.9% of global perpetual futures open interest, a record share. Capturing roughly 11% of a global market while operating entirely on-chain, without a centralized order book or custodied funds, is an outcome that would have sounded optimistic as a five-year forecast in 2023. It happened in under three years.
As tokenized equities and commodities become a larger share of Hyperliquid’s volume, the platform increasingly competes for the same traders who use traditional derivatives platforms, a much larger addressable market than the existing crypto derivatives space.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy shares have gained 47.65% over one month through Sept. 18, putting the Bitcoin treasury company at the top of the latest Nasdaq-100 constituent return ranking.
Summary
Strategy shares gained 47.65% in one month, leading Nasdaq-100 constituents through September 18 closing prices. MSTR closed at $153.92 Friday after surging 16.39% as Bitcoin reclaimed the $80,000 level again. Strategy held 845,050 Bitcoin through September 13, with aggregate acquisition costs totaling $63.73 billion total. Strategy made no Bitcoin purchases for two consecutive weeks while directing cash toward STRC repurchases. Bitcoin rose above $80,000 Friday while crypto-related equities gained amid fresh U.S. regulatory developments emerging. History of Market data updated Sept. 19 showed MSTR at $153.92 with a trailing one-month return of 47.65% and a one-week gain of 17.52%. The dataset uses exchange closing prices and the Nasdaq-100 constituent list. Its ranking placed Strategy ahead of the other index members over the one-month window.
Strategy stock closes at $153.92 after 16% Friday surge The final session of the measurement period accounted for a large part of MSTR’s latest gain. Strategy shares climbed 16.39% on Sept. 18, closing at $153.92 after ending the previous session at $132.25, according to market data.
Trading volume reached 54.34 million shares, well above the company’s recent daily levels. The stock traded as high as $154.02 during the session after opening at $132.25.
MSTR had closed at $104.25 one month earlier on Aug. 19. Its rise to $153.92 produced the 47.65% trailing return. The rally has recovered a portion of the stock’s earlier losses, though MSTR remained down more than 55% over the trailing 12 months as of Sept. 18.
Bitcoin’s Friday rally coincided with the sharp move in Strategy. Reuters reported that crypto-linked equities rose as Bitcoin climbed during a volatile U.S. trading session, while the Nasdaq finished higher.
Bitcoin advanced more than 5% and moved through $80,000 during the session. Ascrypto.news reported on Bitcoin’s Sept. 18 breakout, BTC reached an intraday high of $81,258 after recovering from $75,560.
The timing supports a close relationship between the two moves, but it does not establish Bitcoin as the sole cause of MSTR’s entire one-month gain. Strategy’s stock incorporates its Bitcoin exposure alongside its debt, preferred securities, cash balances, common-share structure and investor expectations for future capital activity.
Strategy remains exposed to 845,050 Bitcoin Strategy’s latest SEC filing shows the company held 845,050 BTC as of Sept. 13. It acquired those coins for $63.73 billion in aggregate, including expenses, at an average cost of approximately $75,412 per Bitcoin.
The position equals just over 4% of Bitcoin’s fixed 21 million supply cap. Strategy remains the largest publicly traded corporate Bitcoin holder based on its disclosed balance.
Its latest addition came during the week ending Aug. 30, when the company purchased 4,603 BTC for $369.7 million at an average price of $80,318. The transaction increased holdings from 840,447 BTC to the current 845,050 BTC.
Strategy’s 4,603 BTC purchase, the acquisition was funded through common-stock sales. Strategy sold 4.53 million MSTR shares that week for $602.8 million in net proceeds, directing $369.7 million toward Bitcoin.
The company then stopped buying Bitcoin for the following two reporting periods. Its Sept. 8 and Sept. 14 SEC filings showed no Bitcoin purchases or sales and no at-the-market share issuance during either week. Strategy’s Bitcoin exposure therefore remained unchanged while MSTR’s market price moved sharply.
Strategy has redirected cash toward STRC buybacks During the pause in Bitcoin purchases, Strategy directed capital toward its Variable Rate Series A Perpetual Stretch preferred stock, or STRC.
From Aug. 31 through Sept. 7, the company repurchased 1.81 million STRC shares for $176.3 million. Strategy simultaneously increased its Digital Credit Securities Repurchase Program authorization from $1 billion to $2 billion, according to its Sept. 8 filing.
Another 1.42 million STRC shares were repurchased for $139.3 million between Sept. 8 and Sept. 13. Strategy funded that transaction from its separate USD Cash balance, leaving its designated USD Reserve untouched.
As crypto.news reported on Strategy’s two-week Bitcoin pause, the company had neither issued common shares nor traded Bitcoin during the latest reporting period while continuing to reduce its preferred-share obligations.
Strategy had spent roughly $950.8 million on STRC repurchases since the program began in July. The preferred shares had recovered toward Strategy’s targeted $99-to-$100 range.
Strategy CEO Phong Le has described discounted STRC repurchases as an attractive use of capital because buying the preferred shares below their $100 stated amount reduces future dividend requirements at a lower purchase price.
The policy does not commit the company to a fixed amount or timing for future purchases. Strategy says repurchase decisions depend on market prices, liquidity, available capital and its other capital-allocation priorities.
MSTR rally outpaces the latest Bitcoin move Strategy’s one-month return has been considerably larger than Bitcoin’s price increase over the same general period, reinforcing MSTR’s history of producing amplified moves around changes in the value of its primary treasury asset.
On Sept. 18 alone, MSTR gained 16.39% while Bitcoin rose roughly 5% to 6%, depending on the reference time. Barron’s reported that Strategy was among the strongest crypto-linked equities during the session as BTC climbed beyond $80,000.
Regulatory news coincided with the rally. The SEC had announced a five-year Innovation Exemption on Sept. 17 for qualifying tokenized U.S. stock trading, while the CFTC had sent proposed crypto-market rules for White House review. Bitcoin ETF flows had also returned to positive territory before Friday’s move.
Reuters reported that the wider market remained mixed as Treasury yields and oil prices continued to pressure equities. Against that backdrop, crypto-related stocks strengthened alongside the Bitcoin recovery, making Strategy’s advance part of a sector move rather than an isolated company event.
The History of Market dataset shows MSTR’s 47.65% one-month gain alongside a Nasdaq-100 index containing 101 securities as of Sept. 19. Strategy itself carries an estimated index weight of roughly 0.20%, far below the index’s largest holdings such as Nvidia, Apple and Microsoft.
The company’s shorter-term rebound has not erased its longer-term decline. History of Market recorded a roughly 55.35% trailing one-year loss for MSTR despite the latest monthly rise, while its year-to-date performance remained close to flat.
Strategy’s official capital position last disclosed on Sept. 14 included $5.10 billion in its USD Reserve and $1.30 billion in USD Cash. After the latest STRC purchases, approximately $1.05 billion remained under its preferred-securities repurchase authorization, while the separate $1 billion MSTR common-stock repurchase authorization remained unused.
BlackRock uvedl, že volatilita Bitcoinu klesla zhruba z 80 na 35 až 40 bodů. Podle Jay Jacoba za tím stojí ETP, opce, hlubší likvidita a více dlouhodobých držitelů.
BlackRock has said Bitcoin ETFs are increasingly serving as financial tools for large holders seeking collateral, options access and portfolio flexibility as Bitcoin volatility has fallen toward the 35–40 range.
Summary
BlackRock’s Jay Jacobs says Bitcoin volatility has compressed from roughly 80 to 35–40 amid participation. IBIT’s current creation basket is worth about $1.7 million, closely matching Jacobs’ stated threshold today. Jacobs says some large Bitcoin holders prefer ETF wrappers because shares can support collateralized borrowing. BlackRock now offers IBIT, ETHA, ETHB, and BITA across spot, staking, and income-focused crypto strategies. SEC rules have permitted in-kind creations and redemptions for authorized crypto ETP participants since 2025. The Pomp Podcast published a Sept. 17 interview with Jay Jacobs, BlackRock’s U.S. Head of Equity ETFs, covering the growth of the iShares Bitcoin Trust ETF, or IBIT, the development of crypto-linked options and BlackRock’s expanding Bitcoin and Ethereum product lineup.
During the interview, host Anthony Pompliano described Bitcoin as having moved from roughly 80 volatility to 35–40. Jacobs did not identify one cause, saying ETPs, options, deeper liquidity and an expanding base of long-term holders had all contributed to the decline.
JUST IN: BlackRock exec says Bitcoin ($BTC) volatility has been cut in half.
The shift? From "get-rich-quick narrative" to "collateral narrative."
Major institutions don't use the word collateral lightly.
— Wizzy (@WizzyOnChain) September 20, 2026 Bitcoin ETFs give large holders more financial options Jacobs said BlackRock initially expected institutional custody to be the main reason long-term Bitcoin holders would move coins into an ETF structure. Client conversations showed another use case: placing Bitcoin exposure inside conventional financial accounts made it easier to use that wealth within lending and derivatives markets.
According to Jacobs, holders with a large percentage of their wealth in Bitcoin sometimes want liquidity for property, vehicles or other spending without simply selling their exposure. An ETF position can potentially be pledged to lenders that accept ETF shares as collateral, while options can be used to hedge risk or generate income.
The distinction is important in the mechanics of the product. IBIT itself does not issue home or car loans, and BlackRock does not guarantee that an investor can borrow against its shares. A bank, broker or other lender determines whether it will accept ETF shares as collateral and on what terms.
Traditional lenders have already expanded such services. JPMorgan accepting Bitcoin as collateral, the bank has moved digital assets further into its secured-lending framework, following earlier efforts involving crypto-linked ETFs.
Jacobs characterized this ability to connect Bitcoin wealth with traditional lending, hedging and portfolio tools as part of the asset’s financialization.
IBIT’s structure now supports in-kind creation and redemption by authorized participants. The SEC approved in-kind processes for crypto ETPs in July 2025, reversing the cash-only approach initially required when U.S. spot Bitcoin ETFs launched.
SEC Chairman Paul Atkins said at the time that in-kind transactions could make the products “less costly and more efficient.”
In-kind transactions do not mean ordinary retail holders can walk into BlackRock and exchange a small amount of Bitcoin directly for IBIT shares. Creation and redemption activity takes place through authorized participants using large baskets.
BlackRock’s lates IBIT data put one creation basket at approximately $1.73 million as of Sept. 17, containing 22.65 BTC. Jacobs described the practical threshold during the podcast as roughly $1.5 million, after falling substantially from earlier levels.
BlackRock links lower Bitcoin volatility to deeper markets Pompliano asked Jacobs whether Bitcoin’s volatility decline came from Wall Street participation, ETFs or the derivatives market built around the asset.
Jacobs said BlackRock does not have a single explanation. ETPs created more ways to obtain exposure, while options gave market participants additional tools for complex positions and risk management. A deeper pool of participants and liquidity can reduce some price swings, in his view.
Long-term buyers form another part of BlackRock’s explanation. Jacobs said more investors now hold Bitcoin strategically, providing a different source of demand from shorter-duration traders.
His view on future volatility remains an assessment, not a guaranteed outcome. Bitcoin can still experience sharp moves, while derivatives and leverage can amplify volatility during periods of rapid liquidation.
Jacobs argued that lower volatility has not changed what BlackRock sees as Bitcoin’s underlying investment characteristics. In periods when investors worry about governments, geopolitical instability or fiat currency debasement, Bitcoin “should benefit,” he said, while noting that such conditions can place pressure on conventional assets.
The statement represents BlackRock’s investment view. It does not establish that Bitcoin will consistently rise when stocks or bonds decline, and correlations between asset classes can change across market cycles.
IBIT remained BlackRock’s largest crypto ETP by a wide margin. BlackRock reported approximately $59.87 billion in IBIT net assets as of Sept. 17, with 1.382 billion shares outstanding and a 0.25% sponsor fee. The product tracks the CME CF Bitcoin Reference Rate-New York Variant.
BlackRock is building staking and income products around crypto BlackRock’s current crypto strategy extends beyond simple spot exposure, though it remains concentrated on Bitcoin and Ethereum.
Jacobs said the firm has concentrated on the two assets because Bitcoin and Ethereum represent most of the digital-asset market by capitalization. BlackRock has not followed an approach of launching products for every large cryptocurrency.
For Ethereum, the firm offers ETHA for spot exposure and the iShares Staked Ethereum Trust ETF, ETHB, which combines ether price exposure with staking rewards from a portion of the trust’s holdings.
BlackRock’s official ETHB page showed net assets slightly above $1 billion as of Sept. 10. The product carried a 30-day staking rewards rate of 1.54% at that date, while the stated sponsor fee is 0.25%.
As crypto.news reported when BlackRock launched ETHB, the product began trading in March as BlackRock’s first U.S. Ethereum ETP incorporating staking.
BlackRock has taken a separate approach to investors seeking income from Bitcoin.
The iShares Bitcoin Premium Income ETF, ticker BITA, launched in June. The translated interview notes referred to the product as “BIDA,” but BlackRock’s official ticker is BITA.
BITA holds Bitcoin exposure through spot BTC and IBIT, then writes call options primarily on IBIT to collect premiums. BlackRock said when it launched the fund that the strategy generally targets calls covering approximately 25% to 35% of the portfolio.
Its product page showed a 13.25% distribution rate as of Sept. 9 and a 0.65% sponsor fee. Distribution rates can change and are not guaranteed returns.
Ascrypto.news previously reported in its analysis of BITA, selling covered calls can create monthly income but limits participation in some Bitcoin upside when prices rise sharply.
Jacobs said the strategy grew from requests by clients who wanted Bitcoin exposure but had portfolios structured around cash flow. Spot Bitcoin itself pays no coupon or dividend, leaving options premiums as one way an ETF can create distributable income.
AI now sits beside crypto in BlackRock’s thematic framework The interview moved from Bitcoin into BlackRock’s approach to artificial intelligence, where Jacobs described AI adoption as a macroeconomic variable increasingly relevant to U.S. equity markets.
He said BlackRock examines AI across utilities, power infrastructure, data centers, semiconductors, model developers, software and applications instead of treating it solely as a technology-sector theme.
Supply timelines differ sharply across that chain, according to Jacobs. He estimated that a new copper mine can require four to eight years to reach production and that semiconductor fabrication facilities can take roughly four years to become operational.
Those timing estimates were used to explain BlackRock’s investment framework, not to establish a forecast for commodity prices or AI-company returns.
The asset manager offers several products tied to different parts of that infrastructure. Jacobs pointed to its actively managed AI strategy BAI, infrastructure and power exposure, data-center real estate and copper-related investments as examples of how ETF structures can divide the AI supply chain into investable groups.
His comments on fund design extended to the number of ETFs available in the U.S. market. Jacobs said investors should examine holdings, structure, taxation and market-making arrangements instead of relying only on product names.
BITA provides one example of the structural differences he cited. The fund uses a partnership structure, so BlackRock says investors are expected to receive a Schedule K-1 for U.S. tax reporting. IBIT, despite offering exposure to the same underlying asset, does not use BITA’s covered-call income strategy.
BlackRock’s June launch materials said BITA can sell calls against approximately 25% to 35% of its Bitcoin exposure, while the remaining position retains exposure to Bitcoin price movements. Its options strategy is actively managed and can change as market conditions and portfolio positioning change.
Strategy’s bitcoin acquisition could resume after a two-week break, according to a new message from Michael Saylor. Indeed, the company’s executive chairman broadcast the group’s purchase chart with a reference to the orange color, however no transaction is yet confirmed.
In Brief Michael Saylor suggests a possible resumption of bitcoin purchases by Strategy. No new purchase is yet confirmed via a filing with the SEC. Strategy currently holds 845,050 BTC, acquired for $63.73 billion. The company is coming out of two weeks without new Bitcoin acquisition. The next regulatory report will confirm or not a new transaction. Strategy’s Bitcoin purchase remains a mere signal On September 20, Michael Saylor posted the chart showing the bitcoin acquisitions made by Strategy. His message was limited to four words: “a little more orange“, meaning “a bit more orange”. Each orange dot on the document represents a purchase made by the company.
Such a publication is similar to previous clues released by Saylor before an official communication. However, it does not prove that a transaction has already occurred. Only a new form filed with the SEC will confirm the number of bitcoins purchased, the amount spent, and the average price paid.
At this level, the available statistics currently summarize the company’s position :
Strategy holds 845,050 BTC ; These bitcoins cost $63.73 billion ; Their average acquisition price reaches $75,412 ; The group made no purchases between September 8 and 13 ; Its next regulatory filing will confirm any possible operation. At the price displayed on the chart published by Saylor, the reserve was worth nearly $67.90 billion. This estimate, however, changes in real time with the crypto’s price.
Strategy emerges from two weeks without new acquisition The last confirmed acquisition dates back to the period between August 24 and 30. At that time, the firm purchased 4,603 BTC for nearly $369.7 million. The average price for that transaction was $80,318 per bitcoin.
This acquisition signaled Strategy’s return after several weeks of interruption. Michael Saylor had already paved the way with a message before the company communicated the operation’s details.
Then, the firm maintained an unchanged reserve during two consecutive reporting periods. In its September 14 report submitted to the Securities Exchange Commission, it confirmed having neither acquired nor sold bitcoins between September 8 and 13;
The current reserve, i.e., the 845,050 BTC held, now constitutes just over 4% of the maximum supply of 21 million bitcoins. This concentration makes Strategy the leading publicly traded company holding BTC, although it increases the sensitivity of its balance sheet to market fluctuations.
Strategy’s Bitcoin purchase could mobilize $1.3 billion As of September 13, Strategy had $1.30 billion of flexible cash. The company can use these funds to acquire bitcoin, strengthen its dollar reserves, or intervene in various financial securities.
Thus, the group separately holds a reserve of $5.10 billion. This is mainly used to cover dividends on its preferred shares and interest due on its debt. It therefore does not immediately represent a fund dedicated to upcoming BTC purchases.
During the week ending September 13, Strategy chose to allocate $139.3 million to repurchasing 1,420,467 STRC preferred shares. This preference reveals that the accumulation of bitcoins is no longer the only immediate goal of its capital management.
The issuance of common shares, preferred securities, or debt could also finance a new transaction. These instruments offer Strategy significant acquisition capacities, but they expose shareholders to dilution, dividends, and financing costs.
An official document must still confirm the purchase Michael Saylor’s Sunday announcements are currently an indicator closely followed by the market. Usually, the firm communicates transaction details early the following week, when the operations have already been executed.
The next report will show if the expression “a bit more orange” truly corresponds to an increase in reserves. It will also indicate the acquisition period, the number of BTC obtained, and the source of funding.
After the recent repurchase of STRC shares, a resumption of purchases could indicate that Strategy again deems conditions favorable for accumulation. In the absence of a SEC filing, Saylor’s message remains an invitation to speculation, and not an official financial announcement.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Volatility Shares odložila svůj návrh na 3x XRP ETF a jako nové datum účinnosti stanovila 18. října 2026. Nejde o start obchodování, jen o posun regulatorního termínu.
Volatility Shares has postponed its proposed 3x XRP ETF, pushing the effective date to October 18, 2026. This development provides traders in XRP, a major digital asset in the crypto market, with a new regulatory milestone to monitor but does not guarantee the fund will launch or begin trading on that date.
Details of regulatory filingA regulatory document submitted on September 18 designates October 18, 2026 as the updated effective date for Volatility Shares’ registration statement related to the 3x XRP ETF. The filing clarifies that its sole objective is to delay the already amended registration covering the 3x leveraged fund, rather than signal a definitive trading start.
This distinction is important in an environment where new ETF filings, approval dates, and launch announcements are often confused. Currently, the market for XRP exchange-traded funds includes both spot and leveraged products, contributing to occasional misinterpretations of regulatory updates as go-live announcements.
Expansion of leveraged XRP productsVolatility Shares already provides multiple XRP-based ETFs, among them a standard spot ETF and the XRPT 2x leveraged fund. These offerings underscore that the prospective 3x ETF would add to an established suite of products rather than mark Volatility Shares’ first foray into XRP-related investments.
Leveraged ETFs are structured to amplify the daily returns of their underlying assets by a set factor. In the case of a 3x ETF, the fund seeks to deliver approximately three times XRP’s daily movement, recalibrating exposure each trading day. This daily reset means the actual outcome over longer periods can diverge significantly from the expected multiple, particularly in turbulent markets.
Mini dictionary: Leveraged ETF – An exchange-traded fund designed to multiply the daily performance of an underlying asset, such as 2x or 3x, by using derivatives and debt. Over multiple days, performance may vary substantially due to compounding effects and volatility risks.
For example, if $XRP gains 5% in a single session, a perfectly tracking 3x ETF would theoretically move about 15% before fees and other influences are applied. However, these amplified returns can also accelerate losses, as the same formula operates in both directions.
ETF TypeLeverageTargeted Daily PerformanceCurrent StatusXRP Spot ETFNoneTracks XRP priceActiveXRPT 2x XRP ETF2x2x daily XRP moveActiveProposed 3x XRP ETF3x3x daily XRP moveFiling delayed to Oct. 2026Market context and institutional interestThe delay for the 3x XRP ETF comes at a time when leveraged exposure to XRP continues to expand in the US. While some proposals, such as a 2x short XRP ETF, remain on hold after several postponements, bullish leveraged products have already reached investors. This highlights ongoing demand for a diverse array of risk profiles for XRP-related funds.
Spot XRP ETFs have attracted roughly $1.7 billion in historical net inflows, despite $XRP’s market price remaining below its all time high. Coinpaper recently analyzed why significant demand for these ETFs has yet to generate a breakthrough in price levels.
Spot XRP ETFs have seen approximately $1.7 billion in net inflows, but the token continues to trade well beneath its former record value.
Institutional investors are broadening their exposure as well. Morgan Stanley, a leading global financial services firm, has previously disclosed positions in XRP-linked ETFs, including products from Volatility Shares. Competitors in the market continue to offer a mix of leveraged and income-focused ETF options to meet institutional and retail client demand.
DCENT varuje uživatele App Walletu, aby okamžitě aktualizovali aplikaci a přesunuli aktiva do bezpečné peněženky po zjištění neobvyklých převodů. XRPL účet hlásí 6 160 možných obětí a 9,3 milionu XRP bylo odcizeno.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP holders using the DCENT App Wallet are urged to take immediate security precautions according to a recent X update by the Korean wallet provider.
As reported, DCENT detected abnormal transfers involving its software-based App Wallet and launched an investigation that identified potential impact across several networks, including XRP Ledger (XRPL).
In a post, DCENT urges App Wallet (software wallet) users to take action now. They are urged to update the DCENT app to v10.0.0 first and then run "Check if action is needed" and follow the result shown in the app.
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DCENT App Wallet (software wallet) users: please take action now.
Update the app, check whether action is required, and move your assets if needed.
Please share this notice with anyone who may still be using the App Wallet. https://t.co/DScmkYb6qO
— DCENT Wallet (@DCENTWALLETS) September 20, 2026 Specifically, this applies to users who use the DCENT App Wallet (software wallet) or have ever entered or restored their hardware wallet recovery phrase in the App Wallet.
DCENT noted that the most important step now is to prevent further damage by moving assets out of the DCENT App Wallet (software wallet) to a secure wallet.
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Users should not make any transactions through the App Wallet before updating. They should move their assets to a wallet created with a new recovery phrase and never reuse the old recovery phrase.
In the wake of the incident, DCENT continues to send out scam warnings, saying it has separate support accounts on X and no official Telegram or Discord support channels. Also, it will never request a recovery phrase, wallet key, or PIN, or instruct users through a direct message to transfer funds.
9.3 million XRP stolenIn an update shortly after the unauthorized transactions were flagged, DCENT highlighted user addresses that might be affected by the incident.
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This includes addresses whose recovery phrase was at some point entered into the DCENT App Wallet; addresses that have a history of sending (signing), including token and NFT transfers, token approvals, and dApp transactions; the signing took place on an app version below 8.1.0 (released 2025-11-05); and the address is on Bitcoin, Ethereum, XRP Ledger, TRON, an EVM-based network, or another potentially affected chain.
A recent update by the XRPL intel X account identifies 6,160 potential victim addresses and 9.3 million XRP stolen.
The tracked funds are mixed with XRP received from other sources: 2 million XRP are held in tracked wallets, while 7 million XRP were sent to unidentified services.
Two wallets have been identified where issued tokens stolen from D'CENT App users were collected: one holds RLUSD, and another holds multiple XRPL-issued tokens.
Token issuers have been urged to freeze the affected trust lines to prevent the scammers from moving these assets, which will apply to RLUSD in this case.
Saúdská Arábie ukončila účast v mBridge 13. května 2025 po plánovaném testu CBDC. Současně Riyad Bank prostřednictvím Jeel zkoumá možnosti využití Ripple pro platební kanály, úschovu digitálních aktiv a tokenizaci.
TLDR: Saudi Arabia ended its mBridge proof of concept on May 13, 2025, after joining as a full participant in 2024. Riyad Bank’s Jeel unit is exploring Ripple for payment corridors, digital asset custody, and tokenization. Neither SAMA nor Jeel has linked the mBridge exit to XRP, RLUSD, or a replacement cross-border payment plan. SAMA first partnered with Ripple in 2018, while Saudi British Bank later used Ripple for India transfers. Saudi Arabia has ended its participation in mBridge, the China-linked wholesale CBDC project designed to improve cross-border settlement between banks. The move became public on September 20, 2026, but the Saudi Central Bank said the decision followed an earlier participation plan.
SAMA said it completed its proof of concept on May 13, 2025, marking the end of the kingdom’s planned experiment. The central bank joined mBridge as a full participant in June 2024 after previously observing the network.
JUST IN: 🇸🇦🇨🇳 Saudi Arabia withdraws from China's blockchain payment system designed to reduce reliance on the US dollar and SWIFT.
• Saudi Arabia withdrew from mBridge, China's blockchain-based cross-border payment project.
The exit coincides with separate blockchain work involving Riyad Bank and Ripple, creating a broader picture of Saudi payment experimentation. However, no available evidence links the withdrawal to XRP, RLUSD, or a replacement strategy built around Ripple.
Saudi Arabia Ends mBridge Participation After Planned CBDC Trial mBridge supports direct cross-border payments and foreign-exchange transactions using wholesale central bank digital currencies. Its distributed ledger was designed to reduce settlement friction between participating commercial banks.
The network reached minimum viable product status in 2024 and could process real-value transactions where participating jurisdictions were ready. Its structure could also reduce reliance on correspondent banks and intermediary currencies during cross-border settlement.
Still, the Bank for International Settlements described the project as a payment-efficiency initiative rather than a BRICS system designed to bypass the dollar or sanctions. The BIS itself left in October 2024 after four years of involvement.
Then-General Manager Agustín Carstens said the organization had “graduated out” and rejected suggestions that political concerns drove the decision. SAMA used a similarly operational explanation, saying its participation ended after the planned proof of concept.
Riyad Bank Tests Ripple for Payments, Custody and Tokenization Meanwhile, Riyad Bank is examining other blockchain applications through Jeel, its innovation and technology arm. In January, Jeel signed an agreement with Ripple covering payment corridors, digital asset custody, and tokenization.
The two sides also planned proofs of concept through Jeel’s regulatory sandbox. The arrangement extends earlier Saudi blockchain testing rather than replacing the central bank’s mBridge work.
SAMA had already partnered with Ripple in 2018, allowing domestic banks to test xCurrent for cross-border payments. Saudi British Bank later launched a Ripple-powered transfer service after testing payments to India.
Yet neither Jeel nor SAMA has said the latest collaboration involves XRP or RLUSD. Jeel’s announcement referred to Ripple’s broader blockchain technology without naming either asset.
A separate Saudi-XRP link also remains outside government policy. Prince Abdulaziz bin Turki Abdulaziz Al Saud led VivoPower’s $121 million private placement for an XRP-focused treasury strategy in May 2025.
That transaction was a private investment, not a central bank decision. Together, the developments show parallel experiments in digital settlement, not evidence that one system is replacing another.
Dogecoin se po výprodeji vrátil nad 0,088 USD, zatímco velcí držitelé nakoupili zhruba 240 milionů DOGE a udrželi support na 0,081 USD. Bitwise zároveň oznámil uzavření svého DOGE ETF.
Dogecoin recovered from its latest selloff, regaining ground above $0.088 after briefly falling toward the $0.08 region. The rebound coincides with a broader uptick in meme coins and heightened activity from major Dogecoin holders.
Whale accumulation strengthens DOGE’s supportOn-chain data tracked by several analysts indicates that wallets holding at least 100 million DOGE accumulated approximately 240 million tokens during the recent market weakness. This surge in whale purchases has played a significant role in maintaining the long-established $0.081 support level.
The continued interest from large holders suggests that the $0.081 zone remains a key area for Dogecoin price defense. Many analysts see this accumulation as a sign of confidence among the most influential participants in the Dogecoin network.
Dogecoin’s support at $0.081 has repeatedly drawn buying interest from major holders, contributing to market stability amid volatility and underscoring its importance for further price action.
With DOGE currently trading near $0.088, analysts note that the next immediate challenge is the $0.093–$0.095 resistance area.
Major resistance and upside targetsCoinpaper, a cryptocurrency insights platform, identified the $0.093–$0.095 zone as the key resistance separating Dogecoin’s current recovery from a more decisive breakout. A successful close above $0.095 could open the door for DOGE to test the psychological $0.10 mark.
To move from $0.088 to $0.10, Dogecoin would need a rally of about 14%. Achieving this milestone would not only represent a technical breakthrough but could also signal improved momentum for the meme coin sector as a whole.
Beyond $0.10, Coinpaper analysts outlined $0.12 and $0.15 as subsequent targets. Reaching $0.15 from the current level would require gains of around 70%, an advance that may demand favorable overall market conditions, strong performance from Bitcoin, and increased meme-coin enthusiasm.
Price LevelDistance from $0.088Key Resistance/Support$0.081-8%Major Support$0.093–$0.095+6–8%Major Resistance$0.10+14%Psychological Target$0.12+36%Intermediate Level$0.15+70%Long-term TargetETF withdrawal highlights DOGE’s retail focusWhile whales have been active, Dogecoin lags behind leading assets like Bitcoin, Ethereum, and XRP in attracting institutional demand through ETFs. Bitwise, an asset management firm, announced that it will close its BWOW Dogecoin ETF. Trading in the fund is set to end after October 14, and liquidation is scheduled for later in the month.
Bitwise stated that the decision results from a strategic review of its product offerings rather than DOGE’s performance. Nevertheless, this closure underscores Dogecoin’s heavy reliance on retail trading, major holders, and speculative momentum compared to coins with substantial ETF flows.
As institutional support remains limited, DOGE’s price dynamics will likely continue to be shaped by retail traders and large accumulation events.
Mini dictionary: Bitwise is a US-based asset manager known for its cryptocurrency index funds and thematic ETFs, including offerings tied to Bitcoin, Ethereum, and select altcoins. The firm regularly reviews its lineup to optimize based on demand and market focus.
Bitwise confirmed the discontinuation of its Dogecoin ETF, emphasizing that the move reflects ongoing adjustments to its suite of investment products rather than specific concerns about DOGE itself.
Fetch.ai pozastavila konverze AGIX-to-FET po exploitu bridge infrastruktury SingularityNET; podle aliance bylo z konvertoru odcizeno asi 1,56 milionu USD v FET. FET za posledních 24 hodin klesl o 1,53 % na 0,1773 USD.
TLDR: Fetch.ai says its contracts remain unaffected while the exploit targets SingularityNET bridge infrastructure. An unauthorized party withdrew about $1.56 million in FET from the converter, according to the alliance. AGIX-to-FET conversions remain paused while teams review the bridge and related migration contracts. FET trades near $0.1773, while chart support sits at $0.1697 and major resistance stands near $0.1905. Artificial Superintelligence Alliance token FET traded at $0.1773 after falling 1.53% over the previous 24 hours. The decline followed reports of a bridge exploit linked to the FET migration system. However, Fetch.ai said its own contracts were not affected by the incident and continued to operate normally across its network.
The reported attack targeted SingularityNET contracts, mainly the bridge connecting Ethereum and Cardano. Fetch.ai said unauthorized minting occurred through that route during the incident. After the announcement, the Artificial Superintelligence Alliance reported an unauthorized withdrawal worth about $1.56 million in FET, saying the funds came from the converter connected to the migration system.
The alliance said treasury and exchange wallets were not affected by the breach and noted FET held in private wallets or exchanges remained unaffected. Holders were told that no action was required at the time, with the FET price not reacting so much to the exploit.
Fetch.ai Halts AGIX-to-FET Conversions Following Bridge Exploit Fetch.ai paused AGIX to FET conversions while investigators reviewed the affected bridge infrastructure. The company also paused its Ethereum-side bridge contract as a precaution. It said there was no indication that this contract contained the exploited weakness. Both services are expected to return after further security checks. Bridge services play a separate role from normal token transfers on the Fetch.ai network.
Their temporary suspension limits conversion activity while teams review the affected contracts and transaction history. Normal FET trading remains available. The company said the exploit had been contained, while the investigation remained active. Fetch.ai is working with the SingularityNET team and external security partners.
The teams have not yet published a full technical report on the breach. Further verified updates are expected after investigators complete their review. The event centers on migration infrastructure used by members of the Artificial Superintelligence Alliance. Earlier migration plans combined AGIX and OCEAN into FET under the alliance structure.
That system allowed users to convert supported tokens as the projects moved toward a shared token framework. The latest pause affects AGIX-to-FET conversions rather than normal FET network operations. Fetch.ai said no Fetch.ai contract was under threat when it published its update. The distinction matters because the reported breach involved connected bridge infrastructure, not the core Fetch.ai contracts.
FET Price Defends Key Fibonacci Support After Bridge Exploit FET remained under selling pressure after the security news entered the market. According to a crypto analyst, the chart showed FET holding near the 50% Fibonacci retracement at $0.1697. That level remains an important short-term support area for the token. Immediate resistance sits near $0.1741, followed by the $0.1795 Fibonacci level. FET would need stronger buying pressure to hold above those levels.
Source: X
The chart also showed recent higher lows and higher highs from the August bottom near $0.12. This structure remains intact while FET stays above its recent higher-low region. The next major resistance sits near $0.1883 and $0.1905. A daily close above $0.1905 would confirm a stronger breakout from the current range.
According to the analyst, the downside support sits near $0.1653 and $0.1604 if selling pressure increases. The more important structural support remains around $0.1512 on the chart. A move below that area would break the recent higher-low pattern.
Binance Wallet spouští program Pre-Access prostřednictvím kampaní na PancakeSwap, který vybraným uživatelům nabídne tokenizovanou expozici vůči soukromým společnostem před možným listingem. Binance Research odhaduje asi 1 300 privátních firem s hodnotou nad 1 miliardu USD a celkovou hodnotou kolem 4,7 bilionu USD.
TLDR: Binance Wallet’s Pre-Access uses PancakeSwap campaigns to offer tokenized exposure to private companies. About 1,300 private firms valued above $1B represent roughly $4.7T collectively, Binance Research estimates. Users can raise subscription quotas through Binance Alpha Points plus bStocks trading volume and holdings. Tokenized pre-IPO claims across Republic and PreStocks had reached about $41M, Binance Research said. Binance Wallet is expanding its on-chain finance offering with a Pre-Access program that gives eligible users tokenized exposure to private companies before possible listings. Announced on September 20, the program will run limited subscription campaigns through PancakeSwap.
However, participants will not receive private-company shares directly. Instead, each campaign will provide tokenized exposure arranged by a third-party service provider. Nonetheless, Binance Wallet has not yet identified the first company entering the program.
The structure moves private-market access onto self-custody rails while preserving campaign-specific restrictions. It also separates the product from a traditional initial public offering allocation. This means participation depends on campaign eligibility and allocation rules, rather than holding a Binance Wallet or accessing PancakeSwap.
Alpha Points and bStocks Shape Private-Market Allocation Eligible users can increase subscription quotas through Binance Alpha Points, alongside their on-chain bStocks trading volume and token holdings. That mechanism extends Binance Wallet’s existing reward framework into private-market products.
At the same time, the subscriptions will operate through self-custody wallets. PancakeSwap will host campaign pages showing the company, token details, subscription asset, issue price, implied valuation, timeline, claim arrangements, and risk disclosures.
Users must complete eligibility checks and accept the relevant terms before participating. Meanwhile, allocation methods, subscription limits, and eligibility standards will vary by campaign. After a campaign closes, qualifying participants can claim the tokenized exposure during the specified claim window.
Others may receive refunds under the campaign’s rules. The model therefore functions more like a tokenized private-market subscription than a conventional pre-IPO share sale. That distinction shapes what participants actually receive.
Tokenized Securities Anchor Binance’s Private-Market Expansion The launch follows Binance Wallet’s June introduction of bStocks, tokenized U.S. securities issued as BEP-20 tokens on BNB Chain. PancakeSwap already supports on-chain bStocks trading, while eligible holders can keep those assets in compatible self-custody wallets.
The products carry transfer and geographic restrictions. The broader market for private-company exposure has also grown. Binance Research estimated about 1,300 private companies hold valuations above $1 billion.
Together, those companies represent roughly $4.7 trillion in value. Separately, tokenized pre-IPO claims across Republic and PreStocks had reached about $41 million. Still, tokenized private-market products do not always equal direct ownership of company shares.
Binance Research said some structures can instead represent contractual claims. Those claims may trade at discounts because of fees, dilution, limited liquidity, and lockup periods. Consequently, the legal structure remains central to each campaign.
Campaign disclosures therefore remain important for distinguishing economic exposure from direct equity ownership. For Binance Wallet’s Pre-Access program, the first campaign will clarify the issuer, eligible jurisdictions, redemption terms, and exact rights attached to the tokenized exposure.
SEC výjimka pro inovace by mohla prospět Coinbase, Robinhood i Circle, uvedli analytici. Coinbase má podle nich největší potenciál díky tokenizovaným akciím, úschově a infrastruktuře.
TLDR: The SEC’s five-year exemption lets qualifying tokenized U.S. stocks trade through AMMs on public chains. Coinbase’s tokenized equities already carry many SEC-required traits, including dividends, Goldman says. Robinhood’s offshore stock tokens lack full ownership rights, so a compliant U.S. version needs new work. Circle could gain from USDC settlement demand, while Nasdaq and ICE appear less exposed for now. The SEC innovation exemption could benefit Coinbase, Robinhood, and Circle, according to analysts at Goldman Sachs and Citizens.
The five-year framework allows qualifying tokenized U.S. stocks to trade through automated market makers on public blockchains. Coinbase may gain through custody, tokenization infrastructure, stablecoins, and Base.
Robinhood would need to add full shareholder rights to its offshore stock tokens. Circle could see higher demand for USDC settlement and collateral. Trading limits may restrict the effect on traditional exchanges.
Coinbase Positioned to Benefit From Tokenized Stocks The SEC innovation exemption requires tokens to preserve shareholder rights, including dividends and voting. Venues face limits on trading volume and the number of stocks they can offer.
Goldman Sachs said Coinbase could benefit across several parts of its business. Its existing tokenized-equity offering already carries many traits the SEC requires. These include shareholder rights and dividends comparable with the underlying stock.
Coinbase CEO Brian Armstrong said earlier this week that voting rights are “coming soon.” That feature would give token holders rights matching those of underlying shareholders.
The company also runs an institutional custody business. Coinbase Tokenize supplies infrastructure for other firms putting assets onchain, Goldman added.
Citizens analysts similarly pointed to Coinbase’s reach across custody, tokenized assets, stablecoins, and Base. However, one hurdle remains for a direct trading venue.
Coinbase’s exchanges use central limit order books, while the SEC innovation exemption is built around automated market makers.
Robinhood, Circle, and Traditional Exchanges Robinhood could also benefit, even though its current offshore stock tokens do not fit the SEC innovation exemption. Those products give price exposure to U.S. shares through a derivative.
They do not convey the full ownership rights the exemption requires. Goldman analysts said Robinhood would need additional product development to offer a compliant U.S. version.
The issue became a flashpoint earlier this month. AMC Entertainment’s CEO criticized Robinhood for offering AMC-linked stock tokens without the company’s approval.
The SEC innovation exemption gives issuers the right to object before third-party tokenized versions of their shares begin trading.
Citizens analysts still expect Robinhood to move quickly. They cited the traction of its tokenized-equity offering outside the U.S. and its Arbitrum-based Robinhood Chain. CEO Vlad Tenev also signaled this week that share redemptions and voting rights will be added to the stock tokens.
More tokenized securities trading could also raise demand for tokenized cash. Goldman and Citizens reports both pointed to Circle as an indirect beneficiary.
USDC could serve settlement, collateral, and other activity around onchain markets. Coinbase would benefit here as well through its economic exposure to USDC and its distribution role.
Meanwhile, Nasdaq and NYSE owner Intercontinental Exchange appear less exposed for now. Goldman said the new venues are unlikely to take meaningful volume from incumbent exchanges. Trading caps, issuer opt-outs, and AMM limits in deeper markets support that view.
Less than a month after converting its legacy Zcash Trust into a full-blown spot ETF, Grayscale now controls nearly 600,000 ZEC. That’s roughly 3.52% of the entire circulating supply of a coin explicitly designed so nobody could track who holds what.
The fund, trading under ticker ZCSH on NYSE Arca, held 596,268.94 ZEC as of September 18, 2026. That figure represents a 28.4% increase from the holdings it started with when the ETF launched on August 25. The kicker: none of that growth came from Grayscale buying coins on the open market.
How in-kind transfers inflated the fund The entire 28% jump was driven by in-kind creations, a mechanism where authorized participants deposit actual ZEC into the fund in exchange for newly issued ETF shares.
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The single largest contributor was DCG International Investments Ltd., which deposited approximately 85,705 ZEC on September 8, valued at around $100 million at the time. DCG, of course, is the parent company of Grayscale, making this less of a vote of confidence from the outside and more of a reshuffling within the family.
Still, the numbers are hard to dismiss entirely. ZCSH pulled in over $70 million in inflows during its first two weeks of trading. By mid-September, additional weekly contributions of roughly $60.5 million pushed the fund’s estimated assets under management into the $876 to $914 million range. One particularly active day saw $46.6 million flow in.
The only game in town ZCSH is the only listed spot exchange-traded product offering direct exposure to ZEC on a US exchange. The fund converted from Grayscale’s existing Zcash Trust, which had an initial AUM of approximately $304 million at launch. In under a month, that figure has nearly tripled.
Coinbase Custody serves as the custodian, and the fund charges a 2.5% expense ratio.
Grayscale also announced a 3-for-1 forward share split scheduled for September 28, 2026. The move would lower the per-share price and theoretically improve accessibility for smaller investors.
Privacy coins and the institutional paradox Zcash occupies a somewhat more palatable position than its peers because it offers optional privacy. Transactions can be either transparent (similar to Bitcoin) or shielded using zero-knowledge proofs.
For ZEC’s market dynamics, having nearly 3.52% of the circulating supply locked inside a single fund creates a meaningful supply constraint.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
MultiversX zastavil mainnet po pokusu o exploit virtuálního stroje, který změnil stav blockchainu. Tým testuje opravu a zvažuje cílené obnovení bez vrácení legitimních transakcí.
20 September 2026 | 14:55 MultiversX stopped its mainnet after an attempted virtual-machine exploit altered the blockchain’s state—the live record of balances, token ownership and smart-contract data. The harder decision is how to repair those changes without reversing legitimate transactions.
What MultiversX confirmed The problem involved transaction atomicity. Invalid changes were recorded onchain. Mainnet operations were suspended. A patch entered shadow-fork testing. Targeted recovery was being evaluated. What remains unknown Whether users permanently lost funds. Which accounts or contracts were affected. How the attacker triggered the failure. Which recovery method will be adopted. When every service will reopen. The halt froze the problem; it did not undo it In its incident update, MultiversX said an attacker attempted to exploit an atomicity problem in the mainnet virtual-machine layer. Developers suspended network operations while they traced the resulting state changes and prepared a patch. No confirmed loss figure had been disclosed.
Stopping block production prevents new transactions from building on records that may already be incorrect. It also blocks another attempt using the same method while engineers determine which balances or contract entries were affected.
The pause does not undo changes the network already accepted. Those records remain the starting point used by wallets, applications and bridges until MultiversX adopts a recovery plan.
When checked on September 20, the MultiversX status page classified the system as partially degraded. The public API, xPortal, Explorer, Wallet, Bridge, xExchange and xLaunchpad showed degraded performance, while the gateway and index were listed as operational.
Those labels describe individual services and do not confirm that normal transaction processing has resumed. Restoring the interfaces also would not resolve the underlying accounting problem. To understand why, it helps to start with transaction atomicity.
Atomicity is the blockchain version of “all or nothing” A smart-contract transaction can contain several connected operations. One balance might be reduced, another increased and a liquidity pool updated. Atomic execution requires the complete sequence to succeed before any of those changes becomes permanent.
Atomic execution in plain English
Expected result Every required step succeeds and all changes are committed together. If any step fails, none of the transaction’s changes should be committed.
Atomicity failure One operation fails, but an earlier state change remains. The network can then record a partial result that should not have existed by itself.
This is a simplified example of atomicity, not a reconstruction of the MultiversX incident.
A broken transaction could leave an account balance, token supply or contract record inconsistent with the intended result. MultiversX has not disclosed what type of data was altered, so there is not enough evidence to say that the attacker created tokens, drained a particular contract or stole a known amount.
Finality proves agreement, not bug-free execution Blockchain finality means validators have agreed on which block and resulting state belong to the canonical chain. It does not prove that the software used to calculate that state was free from defects.
Validators execute the same protocol rules and compare their results. If those rules contain the same flaw across every node, validators can consistently agree on an outcome that the protocol was never intended to permit.
Consensus can establish which state the network accepted. It cannot guarantee that a software bug did not help produce that state.
Installing corrected software prevents the same execution path from working again, but it does not decide what should happen to the changes already recorded. MultiversX must identify the affected entries and give validators a reproducible way to verify that unrelated activity remains unchanged.
The shadow fork provides a rehearsal before mainnet restarts MultiversX has prepared a patch for testing in a shadow-fork environment. A shadow fork copies the relevant mainnet history and state into an isolated environment, allowing engineers to reproduce real network conditions without experimenting on live balances.
The team can apply the patch, replay the affected sequence and test a proposed recovery before validators install it on mainnet. That process should establish:
Whether nodes calculate the same repaired state. Whether unaffected balances remain unchanged. Whether applications read the corrected records properly. Whether bridges and exchanges can reconcile their data. Whether validators can restart without producing competing chains. Passing those tests would not reopen every service automatically. Deployment still requires coordination among validators, exchanges, bridges and the infrastructure providers connecting users and applications to MultiversX.
Targeted repair would avoid rewinding the entire chain MultiversX said it was evaluating a targeted recovery intended to preserve finalized transaction history and legitimate user records while addressing only the changes connected with the incident. The project has not explained how that correction would be implemented.
Targeted state correction Only balances, contract storage or other records connected with the incident would be repaired. Unrelated transactions could remain in the finalized history.
Main difficulty: proving that the correction includes every invalid change—and nothing else.
Broad chain rollback The network would return to an earlier block and rebuild from there. Transactions completed after that point could disappear even if they had no connection with the incident.
Main difficulty: legitimate transfers and application activity may need to be repeated or reconciled.
The cost of a broader rollback was visible after the Tectonic exploit, when Cronos validators removed almost 11,000 blocks covering nearly two hours. The rollback reversed most of the incident-related borrowing still recorded on Cronos, but it also reversed unrelated transactions completed during that period.
The two incidents have different causes. The Cronos example matters here because it shows the collateral cost of rewinding a shared ledger. MultiversX says it is considering a narrower repair, but it has not yet shown how the affected records would be isolated.
A targeted repair would not necessarily delete the original blocks. The transaction history could remain visible while a coordinated protocol change establishes the state that applications and validators will recognize after the restart. The method cannot be assessed properly until MultiversX publishes its recovery design.
What MultiversX users should do during the pause For ordinary holders, the simplest instruction is to wait. MultiversX has not asked users to migrate tokens, connect wallets to a recovery website or approve a corrective transaction.
Until MultiversX confirms normal operations
Do not submit or rebroadcast transactions. Do not deposit or withdraw EGLD or ESDT through exchanges. Avoid moving those assets through cross-chain bridges. Keep the transaction hash for anything submitted near the halt. Ignore recovery links, migrations and unsolicited support messages. Wait for both MultiversX and the relevant platform to confirm reopening. A network repair would be adopted by validators and infrastructure operators. It would not require users to reveal seed phrases or send assets to a new address.
Wallets and explorers may also need time to resynchronize after block production resumes. A stale balance or missing recent transaction in an interface would not, by itself, show that the underlying assets had changed.
A restart must be verifiable Restarting block production will restore availability, but it will not answer the finality question by itself. MultiversX still needs to disclose which accounts or contracts were affected, how the repaired state was calculated and how validators independently reached the same result.
If that record shows that only incident-related changes were corrected, targeted recovery may preserve more legitimate activity than a broad rollback. Without it, the network could resume while users remain unable to verify why some finalized changes were altered and others were retained.
This article is provided for informational purposes only and does not constitute financial or investment advice. Network conditions and recovery instructions may change as MultiversX releases further updates.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Na Solaně bylo potvrzeno 500 milionů USDC od Circle, ale většina zůstala na treasury účtu. Tvrzení o 750milionové injekci likvidity a 500milionovém mintnutí USDT se nepotvrdilo.
20 September 2026 | 20:54 A reported $750 million stablecoin injection into Solana does not match the available transaction data. The verified amount is smaller, and most remained in issuer inventory.
Key takeaways
Circle minted 500 million USDC, not 250 million. Both mints entered the same treasury-labeled account. Most of the account balance increase remained there. The separate 500 million USDT mint remains unverified. Circulating supply did not rise with total issuance. Onchain records confirm 500 million USDC from Circle A September 19 report described a combined $750 million stablecoin injection into Solana, attributing $500 million to Tether and $250 million to Circle. The linked evidence tells a different story.
The underlying transaction coverage said Circle completed two 250 million USDC mints within roughly 40 minutes. Solana’s transaction records confirm both transfers.
Both mints went to the same account. Its balance rose from approximately 533 million USDC before the first transaction to 1.03 billion USDC after the second.
At 12:00 UTC on September 20, the account held about 998 million USDC. Compared with its pre-mint balance, roughly 465 million of the 500 million USDC increase was still in that account. About 35 million had left, although token fungibility means the ledger cannot distinguish newly minted units from USDC already held there.
Creating USDC and distributing it are separate events A mint expands the token supply recorded by the blockchain. It does not prove that a customer bought the tokens, that an exchange received them or that the money reached a decentralized finance application.
The cleaner analogy is inventory in a warehouse. Production has taken place, but retail demand is not established until the inventory moves to customers or distributors.
What the verified transactions show Creation: Circle minted 500 million USDC on Solana. Storage: Most of the account’s balance increase remained in the recipient account. Distribution: Transfers to outside wallets would show that inventory was being released. Use: Exchange deposits, DEX trades or lending deposits would show where that liquidity went. There is another reason not to equate every chain-level mint with fresh money. Circle’s Cross-Chain Transfer Protocol moves USDC by burning it on a source chain and minting the same amount on a destination chain. That process can increase Solana’s USDC supply without increasing the global supply of USDC.
The two September 19 records were direct SPL-token mints into one treasury-labeled account, not completed transfers to identifiable outside customers. Their final economic purpose therefore cannot be established from the mint transactions alone.
The reported Tether amount remains unresolved The same report attributed another 500 million tokens to Tether. However, the report and its underlying coverage did not provide a matching Solana transaction hash, and the available evidence reviewed here does not independently verify that mint.
DefiLlama’s September 19 and September 20 daily snapshots placed total minted USDT supply on Solana near 3.84 billion tokens on both dates. The same dataset estimated about 2.12 billion USDT as circulating and classified roughly 1.72 billion as unreleased.
DefiLlama’s public Solana table uses estimated circulating supply to calculate stablecoin market capitalization. The 3.84 billion figure is total minted USDT supply, including tokens the data provider classifies as unreleased.
The original report described approximately 3.84 billion USDT as circulating. That figure instead matches the Solana token mint’s raw total supply, not DefiLlama’s circulating estimate. None of DefiLlama’s three fields, minted, circulating or unreleased, recorded a net 500 million USDT increase across the two daily snapshots.
This does not rule out an intraday mint followed by a burn. It means the claimed Tether leg needs a transaction hash or an issuer confirmation before it should be counted as part of a $750 million event.
Tether’s own FAQ also explains that tokens created for inventory replenishment can remain in its treasury as “authorized but not issued.” Even a verified Tether mint would therefore require a second step: determining whether the tokens stayed in inventory or were issued to customers.
Supply estimates tell a different story DefiLlama’s USDC data further separates token creation from circulation. The figures below compare its 00:00 UTC snapshots on September 19 and September 20, so the first reading predates the two verified mints and the second follows them.
USDC supply on Solana
Measure
Sep. 19
Sep. 20
Total minted supply
7.38B USDC
8.02B USDC
Estimated circulating supply
7.03B USDC
6.96B USDC
Unreleased supply
354M USDC
1.06B USDC
Total minted USDC increased by approximately 637 million tokens over the daily interval, about 137 million more than the two identified mints. That difference may reflect other supply activity or a data adjustment during the same measurement window.
More important for the “liquidity injection” claim, estimated circulating supply fell by about 73 million USDC while the unreleased category increased by roughly 710 million. Under DefiLlama’s methodology, the net expansion was therefore not counted as customer-facing circulating supply.
These estimates are not a substitute for tracing each wallet transfer, and third-party classifications can change. They do, however, contradict the simple claim that minting automatically placed the full amount into Solana’s active markets.
Could trading activity prove the inflow? Not by itself Higher decentralized-exchange volume after a mint can look like supporting evidence, but volume measures turnover rather than net capital entering a network. The same pool of stablecoins can change hands repeatedly and generate a much larger volume figure.
Solana had already returned to the top of the daily DEX rankings before these mints, even as its daily volume remained below the previous week’s pace. A later rise in trading would therefore need wallet-level evidence before it could be connected to the newly created USDC.
The same caution applies to exchange balances and lending deposits. A rising total can support the distribution thesis, but it does not identify the source unless transfers from the treasury-labeled account can be followed to those venues.
What would change the conclusion Evidence that the tokens entered active markets Large transfers from the recipient account to exchanges, market makers or DeFi protocols A lasting increase in estimated circulating USDC supply on Solana Issuer confirmation that customer issuance, rather than inventory preparation, caused the mints A verifiable Solana transaction for the claimed 500 million USDT mint Destination-wallet activity linking the new supply to trading or lending liquidity Even those signals would not prove that stablecoin issuance caused SOL or other assets to rise. They would establish the narrower and more useful point: whether newly created tokens actually became available for market use.
The next recipient matters more than the mint The verified transactions show that Circle prepared 500 million USDC on Solana. They do not show a $750 million liquidity injection, and the separate 500 million USDT claim lacks the transaction evidence needed to include it.
The conclusion can change if the USDC moves from treasury inventory to outside wallets and estimated circulation rises. Until then, the destination of the tokens, not the size of the mint announcement, is the clearest test of whether new liquidity reached the market.
This article is provided for informational purposes only and does not constitute financial or investment advice. Stablecoin supply figures and wallet classifications can change as issuers move, burn or reclassify tokens.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Návrh Meridian Mainnet Upgrade na síti Injective prošel s podporou zhruba 99 % stakerů INJ. Návrh IIP-701 zavádí regulované tokenové standardy na EVM vrstvě Injective pro emisi reálných aktiv v souladu s předpisy. Upgrade je naplánován na 24. září 2026 v bloku 184 394 000.
Injective’s governance process just delivered one of those near-unanimous results that would make most democratic institutions jealous. Roughly 99% of INJ stakers voted in favor of the Meridian Mainnet Upgrade, clearing the path for what amounts to the blockchain’s biggest institutional play yet.
The proposal, designated IIP-701, introduces regulated token standards on Injective’s EVM layer designed specifically for compliant issuance of real-world assets. The upgrade is scheduled to go live on September 24, 2026, at block height 184,394,000.
What the Meridian upgrade actually does At its core, the v1.20.4 upgrade is about making Injective a place where institutions don’t have to choose between blockchain efficiency and regulatory compliance. The new features allow token issuers to bake regulatory requirements directly into their assets on the Injective EVM.
The upgrade also unifies what Injective calls “MultiVM markets,” enabling seamless trading and settlement for tokenized assets across different virtual machine environments.
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Meridian initiates early testing of private RFQ (request-for-quote) transaction flows. These are the building blocks for CypherOS, Injective’s planned privacy platform.
Beyond the headline features, the upgrade includes improvements to market execution mechanics, risk controls, and oracle reliability.
Building on regulatory groundwork The Meridian upgrade doesn’t exist in a vacuum. It arrives roughly five weeks after a potentially more consequential milestone: Injective Institutional Services received SEC transfer agent registration, effective August 19, 2026.
The timeline of Injective’s recent development cadence tells a story of deliberate sequencing. The Injective Mint tool launched in July 2026, providing the tooling for token creation. SEC transfer agent registration followed in August. Now the Meridian upgrade delivers the on-chain compliance rails to tie it all together.
The 99% approval rate, while striking, isn’t unprecedented for Injective. The prior Vulcan upgrade also received over 99% staker support.
Why institutions care about compliance-native chains Injective’s approach with Meridian is to make compliance a protocol-level feature rather than an application-level add-on. When regulatory requirements live at the token standard level, every application built on top inherits those protections automatically. Issuers don’t need to build custom compliance solutions for each deployment.
This positions INJ itself as a potential settlement asset for institutional RWA trading activity. If tokenized securities are being issued, traded, and settled on Injective, demand for the native token to pay transaction fees and participate in governance naturally increases.
With the voting window closed on September 22 and deployment set for two days later, the turnaround is notably fast.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aptos buduje infrastrukturu pro AI agenty, kteří si mohou pronajímat GPU přes io.net a platit v USDC. Síť x402 už od května 2025 zpracovala přes 100 milionů plateb.
Aptos is building a stack of tools designed specifically for autonomous agent commerce, anchored by its x402 payment protocol and a partnership with io.net that lets AI agents rent idle GPU capacity on demand. Settlements happen in USDC, transactions finalize in under 50 milliseconds, and fees clock in below $0.0005.
The x402 protocol and why it matters At the center of Aptos’s AI agent play is x402, a payment protocol purpose-built for micropayments between machines. Agents can pay per API call, per data feed request, or per compute cycle.
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Since launching in May 2025, the x402 ecosystem has processed over 100 million payments. USDC dominates, accounting for more than 99% of all settlements.
Aptos CEO and Co-Founder Avery Ching has framed the opportunity in straightforward terms: agents need fast, cheap, and programmable payments with spending limits and audit trails. Ching has emphasized that stablecoins, particularly USDC, represent the optimal medium for agent-to-agent transactions because they combine programmable spending controls with the auditability that enterprise deployments demand.
The stablecoin market cap on Aptos currently sits at approximately $1.9 billion.
GPU rentals through io.net’s Agent Cloud Through a partnership with io.net, Aptos launched Agent Cloud around March 2026, a platform where AI agents can autonomously discover, negotiate for, and rent GPU resources. Smart contracts handle the terms and USDC handles the money.
$50 million backing the bet In May 2026, the Aptos Foundation alongside Aptos Labs committed $50 million to fund AI agent tools and infrastructure development. Two products receiving support stand out. Decibel focuses on on-chain order books and perpetuals. Shelby targets decentralized storage solutions tailored for agent workloads.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Visa will end a loophole that allowed certain memecoin purchases by card to generate loyalty points. The network has asked its payment processors to stop using the concerned merchant code starting next week. Purchases will still be possible by card, but without the associated rewards.
In Brief Certain memecoin purchases were classified as digital goods and generated points. Chase reported the anomaly to Visa, while the New York district attorney is examining the case. Card purchases should continue, but without points or cashback. A Merchant Code Allowed Rules to be Bypassed The problem comes from a four-digit merchant code: 5815, normally used for digital books and movies. According to correspondence reviewed by Crypto in America, Visa asked its processors to no longer use it for memecoin purchases.
The investigation published on September 1 by The Block revealed that some dogwifhat (WIF) purchases could be processed as digital goods. The result: transactions triggered rewards programs normally associated with this type of purchase.
The Block notably tested buying WIF via Apple Pay and Google Pay on Fomo and Robinhood Wallet, with a Visa or Mastercard from New York. Crossmint, which provides the infrastructure used for these transactions, was involved in the process.
However, Visa’s rules have other categories for direct cryptocurrency purchases, including codes 6012 and 6051, accompanied by a specific indicator. By using a different classification, the transaction could bypass the usual treatment reserved for crypto.
Chase Reports the Issue to Visa Chase was one of the first banks to notice the anomaly. The bank confirmed to The Block that a transaction was not identified as a crypto purchase and therefore should not have generated rewards.
Crossmint defended its approach. The company considers some concerned tokens as collectibles, notably relying on a SEC staff statement from 2025 concerning certain memecoins.
” Every product we support goes through a detailed review with the relevant partners, including transaction categorization ,” a spokesperson assured.
The tightening follows three days after the CLARITY Act’s failure in the Senate, which left banks empty-handed on stablecoins. On cards, JPMorgan scores a closer point, according to Crypto in America.
The case also interests New York authorities. The office of Attorney General Letitia James told The Block that it was reviewing the situation.
Memecoins Will Remain Purchasable by Card Visa’s decision does not mean the end of memecoin purchases by credit card. Users will still be able to use this payment method, but transactions must now be properly identified as cryptocurrency-related purchases.
For platforms like Fomo and actors facilitating these payments, the disappearance of points could reduce this experience’s appeal to new users.
Crossmint said in April it had registered 68,000 first-time buyers thanks to its Apple Pay button, while Fomo raised $75 million in June for a valuation of $550 million.
For now, Visa is the only network to have announced a precise measure on this loophole. Mastercard has not announced a similar change. The case’s continuation will depend notably on the review conducted in New York.
Ultimately, credit cards will continue to serve as a gateway to memecoins. What disappears is mainly the possibility of turning a speculative purchase into a few extra loyalty points.
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Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ethena schválila fee switch, který směruje 95 % čistých příjmů protokolu na zpětné odkupy ENA a distribuci držitelům. Arthur Hayes mezitím koupil 25,33 milionu ENA za 5,53 milionu USD.
TLDR: ENA price prediction centers on Arthur Hayes’ $0.50 target after he bought 25.33 million ENA for $5.53 million at an average price of $0.09. Ethena approved a fee switch that directs 95% of protocol net revenue toward ENA buybacks and redistribution to token holders, linking revenue with token demand. ENA/USD faces resistance near $0.1976, while the MA-50 at $0.1826 and the MA-200 at $0.1038 provide separate technical reference levels. The latest trading session forecast places ENA/USD between $0.1766 and $0.2104, with a 62% upside probability and 38% downside risk. The ENA price prediction has gained attention after Arthur Hayes called for ENA to reach $0.50. According to Lookonchain data, Hayes bought 25.33 million ENA for $5.53 million one month earlier. His average entry stood near $0.09, with an unrealized profit of $3.28 million, or 146%.
Ethena has approved a proposal directing 95% of protocol net revenue toward ENA buybacks and token-holder redistribution. Its total value locked reached $5.21 billion.
ENA Price Prediction Tracks the $0.50 Target and Buyback Demand Hayes’ purchase gives the ENA price prediction a visible on-chain reference, but his target is a personal market view. The reported purchase occurred about one month before the post. Lookonchain identified the transaction size and average acquisition price in its update.
Lookonchain reported 25.33 million tokens, a $5.53 million position value and an average acquisition price near $0.09. The unrealized gain stood at $3.28 million. The 146% return reflects the performance figure cited in the update.
Hayes’ $0.50 call does not establish a formal Ethena forecast. It does, however, place a specific level beside the broader market discussion. Traders can compare that target with support, resistance and protocol developments.
Governance also adds a demand factor to the ENA price prediction. Ethena approved a fee switch that directs 95% of net revenue into ENA buybacks and redistribution. That structure ties protocol revenue to recurring token purchases.
Ethena’s TVL reached $5.21 billion. TVL measures assets users deposited in the protocol, but it does not guarantee token appreciation. The figure provides context for the scale of activity connected to the buyback policy.
Revenue-based purchases differ from discretionary market calls. The proposal creates a documented allocation rule, but it does not specify a fixed daily volume. ENA demand will therefore vary with protocol earnings and the execution schedule. Token redistribution also depends on governance implementation and the final mechanics that governance formally adopts.
Ethena’s $5.21 billion TVL figure covers assets users deposited in Ethena-related contracts. It does not show how much revenue the protocol generated during the period. A larger deposit base can provide scale, but it cannot establish the future value of ENA.
Traders still need to separate confirmed governance action from price speculation. These factors can change expected trading paths.
Any impact from buybacks depends on protocol revenue, implementation and market liquidity. The information does not state the size or timing of future purchases.
Ethena Buybacks Meet Mixed Momentum Near Key ENA Resistance ENA/USD trades below MA20 at $0.2003, while MA50 at $0.1826 and MA200 at $0.1038 provide reference levels. Ichimoku Kijun resistance sits at $0.1976.
Momentum indicators do not point in one direction. MACD shows Strong Buy, while ADX indicates buying interest. RSI reads 52.848, a Buy signal, and Stoch RSI sits in oversold territory.
Source: TradingView The recent trading session places ENA/USD between $0.1766 and $0.2104. It assigns a 62% probability to an upside move and 38% to downside risk. The base case calls for sideways consolidation inside the range.
A sustained move above $0.1976 would strengthen the upside case in the forecast. A break below $0.1766 would weaken it. The ENA price prediction therefore tracks both the $0.50 target and the immediate trading range.
Technical data do not currently confirm a move to $0.50. The data identify the levels traders monitor as ENA/USD responds to buybacks, market liquidity and broader crypto conditions. The ENA price prediction will change if the asset breaks the stated range.
Ethereum’s validator queues are telling a pretty clear story right now: everyone wants in, and almost nobody wants out. The ratio of ETH waiting to enter staking versus ETH waiting to exit has hit 13.6x, a lopsided figure that reflects just how eager holders are to lock up their tokens.
At one point in July 2026, the exit queue dropped to literally zero ETH. Meanwhile, the entry queue ballooned to approximately 2.48 million ETH, creating a wait time of roughly 43 to 45 days for anyone trying to become a validator.
The entry queue peaked even higher earlier in the year, reaching around 3.4 million ETH in May 2026. Even by late September, it hovered around 1.8 million ETH, still implying a 32-day wait. The exit side, by contrast, has been a ghost town for months.
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This wasn’t always the case. Back in September 2025, the exit queue swelled to approximately 2.67 million ETH. Then something shifted. By early January 2026, exit demand had collapsed by more than 99.9%.
Why the bottleneck exists in the first place Ethereum doesn’t let validators flood in or out at will. The protocol rate-limits both entries and exits to a maximum of roughly 256 ETH per epoch, which works out to about 57,600 ETH processed each day. Right now, that bottleneck is almost entirely one-directional. Entry demand is creating massive backlogs while exit requests barely register.
What’s driving the rush to stake Total staked ETH has surged to a record high of approximately 41 million ETH. That represents roughly 33.5% to 34% of Ethereum’s entire supply. The validator count tells the same story, with the network now supported by somewhere between 885,000 and 900,000 validators.
Large staking operators have been a significant force behind the entry demand. Entities like BitMine have been contributing materially to the queue, reflecting institutional-scale appetite for staking exposure. The Pectra upgrade has also played a role in propelling staking demand, and the data suggests it had exactly that effect.
Supply dynamics and market implications When a third of a network’s token supply is locked in staking, the math for available liquidity changes dramatically. Every ETH staked is an ETH that isn’t sitting on an exchange order book, isn’t being used as collateral for a leveraged trade, and isn’t available for immediate sale.
The 13.6x ratio also serves as a sentiment indicator. The September 2025 exit surge of 2.67 million ETH coincided with a period of broader market uncertainty. Its near-total reversal within a few months suggests that whatever concerns drove that wave of unstaking have been resolved in the minds of most participants.
Combined with the daily processing cap of 57,600 ETH, even if sentiment shifted tomorrow, exits would take weeks to materially impact the staked total of 41 million ETH. That built-in lag acts as a buffer against sudden supply shocks.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
