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Strive Inc. (ticker: ASST) held 23,156 BTC as of August 28, positioning it among the top five publicly traded Bitcoin holders globally. CEO Matt Cole has signaled that the company could push well past 27,000 BTC before the year closes out.
From 5,000 to 23,000 BTC in under a year In fall 2025, the company held roughly 5,000 BTC. By June 2026, that figure had crossed 20,000, vaulting Strive into the top five among public companies.
During the last week of August alone, Strive scooped up 1,800 BTC for approximately $143 million.
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The firm came into existence through a reverse merger with Asset Entities and the acquisition of Semler Scientific, a combination that gave it both a public listing and a clear mandate: accumulate Bitcoin.
The financing trick that makes it work Rather than taking on debt or diluting common shareholders through secondary offerings, the company uses its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA.
By June 2026, Strive had expanded SATA’s capacity by $4.2 billion. The result is a balance sheet that carries zero debt while maintaining ample reserves for preferred stock dividends.
TD Cowen raised its year-end BTC forecast for Strive to 27,156, reflecting confidence in the firm’s treasury trajectory, and analysts there have also bumped up their stock price targets accordingly.
Cole’s thesis: Bitcoin’s strongest cycle yet Matt Cole has described the current market environment as potentially Bitcoin’s strongest cycle to date, pointing to structural demand for scarce assets amid persistent inflationary pressures.
The risks are real. Bitcoin’s price could decline substantially, leaving Strive holding a depreciating asset while still owing preferred dividends.
With 23,156 BTC already on the books and a stated target that implies acquiring another 4,000 or more coins before December, Strive is making one of the largest concentrated bets on Bitcoin in corporate history.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Strategy (MSTR) chairman Michael Saylor has drawn a direct analogy between accumulating cryptocurrency and an aristocratic sport. The billionaire posted a 25-second video filmed on a golf course, where he methodically sinks balls into holes while wearing a business suit in front of an audience.
The main message of the post is that investing in Bitcoin requires the same discipline and composure as playing the strategic "long game" on green fairways, where success depends on the ability to keep "eagling it again." Saylor states directly in the video that "rich people like to buy Bitcoin" and "buying Bitcoin makes you rich," summing up his actions with a concise remark: "I need to buy some Bitcoin."
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This philosophy is supported by the company's September report. With $66 billion in Total Reserve Capital (TRC), Strategy ranked second among financial companies in the S&P 500, behind only Berkshire Hathaway, with $364 billion.
Michael Saylor's post comparing Bitcoin strategy to a game of golf, Source: Michael Saylor via X.comTraditional giants such as JPMorgan Chase (-$1.347 trillion) and Citigroup (-$619 billion) fell deep into negative territory due to the inclusion of customer deposits, while Strategy's reserve coverage ratio reached a record 10.75x.
Strategy overpays for Bitcoin — and believes it is the right thing to doA recent management maneuver that surprised short-term investors provided a practical example of this logic. During the summer, Strategy sold about 7,000 BTC at prices ranging from $60,000 to $65,000, before buying back 4,603 BTC in late August at $80,318 per coin, for a total of $370 million.
Strategy CEO Phong Le fully supported Saylor's position, saying in an interview with Bloomberg that the company's decisions depend "not on the Bitcoin rate, but on the cost of capital."
According to him, the summer sale covered obligations related to preferred shares, while the August price surge allowed Strategy to raise $602.8 million in inexpensive funding from the stock market for new purchases. Le emphasized that the company would continue buying even at $100,000 because "the asset is bought whenever financing conditions allow it."
Strategy currently holds 845,050 BTC, worth approximately $65.2 billion at a price of $77,200, as well as $6.7 billion in cash.
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Although independent analysts note that the TRC metric does not account for $14.8 billion in preferred-share obligations — excluding them would reduce net reserves to $50.7 billion — Wall Street increasingly views Strategy not as a speculative fund, but as a flexible "two-way capital management company" operating exclusively with a long-term horizon.
Bitcoin (CRYPTO: BTC) could hit $90,000 by October if September ends up being a positive month, according to market analyst Erik Crown.
The former NYSE market maker told Cointelegraph on Wednesday that he spotted all the signals he needed to call a bottom around Bitcoin’s $60,000 July low:
Crown argued that this kind of extreme apathy has historically preceded major reversals, pointing to 2015, 2019, and 2022 as prior examples.
He also flagged a simple but compelling statistic: any time Bitcoin traded more than 50% below its previous high, the median return one year later was 116%, rising to 337% at the two-year mark with a 96% win rate.
Green September Could Set Up $90,000 in OctoberCrown laid out his roadmap based on historical September and Q4 data going back to CME futures listing in 2018.
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When September closes green, Bitcoin has historically averaged about 6.5% gains up to the quad witching date, which would put price around $83,222, clearing the May swing high at $82,800 and flipping the weekly trend definitively bullish.
A weekly higher high at that level, Crown argued, makes a return to a downtrend highly unlikely.
From there, October’s median return of roughly 12% applied to an $80,000 starting point puts Bitcoin above $90,000.
A green Q3, which Crown considers highly probable, has historically led to Q4 median gains of nearly 28%, pointing toward six figures before year end.
Why Crown Is Cautious on AltcoinsCrown added that almost every altcoin eventually goes to zero after its first cycle, with rare exceptions like Ethereum (CRYPTO: ETH).
He agreed with the emerging view that the next altcoin winners will be revenue-generating protocols with tokenomics that return value to holders, citing Hyperliquid as measured by Hyperliquid Strategies (NASDAQ:PURR) and Uniswap (CRYPTO: UNI) as examples.
He noted that even in prior cycles, only a few specific sectors like AI agents and memecoins produced real returns, rather than a broad everything rally like 2017.
His broader point: timing matters far more with altcoins than with Bitcoin, and most holders end up giving back gains by holding too long.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.
GM!
Today’s top news:
Crypto majors rebound 1-3% as bonds cool; BTC at $77.9k BTC ETF inflows flip positive with $100M; ETH ETFs break 3-week inflow streak Kraken parent Payward pushes IPO to Q2 2027 at earliest Binance records $1B in stablecoin inflow in August, reversing 2026 trend PONS soars 40% and enters top 100 coins by market cap 🔁 Strategy CEO Says Selling The Bottom Was Correct Move
Strategy sold 6,916 BTC across four tranches from late June through mid-August at a weighted average near $62,200. Last week it bought 4,603 BTC at an average of $80,318. CEO Phong Le went on Bloomberg Crypto on Wednesday and said both were the right call.
His argument is that Bitcoin’s price wasn’t the input. The company sold to fund STRC dividends when issuing shares had gotten expensive, and it’s buying now because MSTR trades at a premium again. During the two-month pause it took assets to $72 billion, built roughly $7 billion in dollar reserves, and cut net debt from about $7 billion to zero. A stronger balance sheet makes equity cheaper to issue, which makes buying Bitcoin with it work.
Le also pushed back on the size of the story. The sale was under 1% of holdings, which have grown 25% to 30% this year, and the company now holds 845,050 BTC worth roughly $65.4 billion. He went further to say that a one-way accumulator isn’t a full operating company, and buying and selling Bitcoin, equity, and preferreds is what makes one. He called Strategy a two-way capital management company.
The key mechanism here is STRC, the variable-rate preferred that Strategy adjusts to keep near its $100 stated value. When it slipped below par in June, the funding route closed and Bitcoin became their only shot to try for a repeg (it still hasn’t repegged by the way). Le is right that it was a financing decision. He’s also describing a company whose Bitcoin purchases depend on its stock premium, which depends on Bitcoin. It’s a difficult 3-body problem to manage and clearly they’ve opted to give MSTR equity holders the worst deal. But perhaps in a bull market, all the moves pay off in spades. Hopefully we’ll find out soon enough…
🌎 Macro Crypto and Markets Crypto majors were green up 2-3%; BTC +1.3% at $77.9k; ETH +1% at $2,400; SOL +2% at $101; HYPE even at $82 Top alt movers include PONS (+36%), ARB (+25%) and LIT (+10%) Oil +3% at $93; Gold +2 at $4,470 Stock futures are flat as bond yields cool; DOW +0.1%, Nasdaq -0.2% Glassnode said Bitcoin stays range-bound until it absorbs the $83,000 to $86,000 band, where roughly 1.05 million coins held by long-term holders sit near breakeven, with $62,000 to $65,000 as the floor Kraken parent Payward pushed its IPO to the second quarter of 2027 at the earliest, extending a freeze that began in March after a November 2025 confidential filing Binance recorded over $1B in stablecoin inflows in August, reversing a trend that had seen $6B+ exodus previously in 2026 HYPE entered a US crypto index ETF for the first time, joining Hashdex's NCIQ at a 3.4% weighting as the fund's fifth-largest holding behind Bitcoin, Ethereum, XRP, and Solana New Jersey asked the Supreme Court to rule on whether states can police prediction markets’ sports contracts, the first such petition after the Third and Ninth Circuits split on the question Two Thai businessmen sued Tether over a $42.4 million USDT freeze they say came at a Homeland Security agent’s informal request, more than three months before any seizure warrant was issued Corporate Treasuries & ETFs
The Bitcoin ETFs saw $101M in net inflows on Wednesday; the ETH ETFs saw $48M in outflows, breaking a 3-week green streak Meme Coin Tracker
Meme leaders were green up 2-4%; DOGE +3%, SHIB +2%, PEPE +2%, PENGU even, TRUMP +2%, SPX -3% Robinhood chain leaders were very green as Pons soars; PONS +43%; Cashcat +1%; AI +25%; Index +72%; Microduck +25%; Nudes, Peptides and Hotdog were other big runners Solana was led by Useless +50% and TripleT +30%; Ansem even at $240M 💰 Token, Airdrop & Protocol Tracker Robinhood Chain did $4M in chain revenue for the first time, while DEX volumes ($1.8B) and RWA chain value ($100M) hit new ATHs Pons hit new ATHs in daily trading volume ($544M) and daily revenue ($1.1M) whild adding $880k to its buyback fund Pump.fun did $1.8M in daily revenue while Hyperliquid did $1.73M 🚚 What is happening in NFTs? NFT leaders were mostly flat; Punks -1% at 31.5 ETH, BAYC -1% at 7.45 ETH, Pudgy +1% at 3.9 ETH Argonauts (+35%), Identity MD (+40%) and Chain Mancers (+20%) led top movers Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitcoin price held near $77,700 on Sept. 3 after recovering from an intraday low around $76,264, but weakening spot demand and $236.5 million in US ETF outflows kept the rebound under pressure.
Summary
Bitcoin price recovered above $77,000 after buyers defended the $76,000–$76,500 liquidity zone. US spot Bitcoin ETFs recorded $236.5 million in net outflows during the latest session. A falling wedge places immediate resistance near $78,000, followed by $79,500 and $80,300. Positive daily money flow and stronger Aroon readings show sellers have not regained full control. Bitcoin price holds above $77,000 According to data from crypto.news, Bitcoin (BTC) price traded around $77,700 at the time of writing, up about 1.2% over 24 hours after moving between $76,264 and $78,184.
The recovery followed another test of the $76,000 area, where the CoinGlass one-week liquidation heatmap showed a large concentration of leveraged positions. Buyers prevented a sustained break below that zone, allowing Bitcoin to move back toward $78,000.
Price action on the 4-hour chart remains compressed inside a falling wedge. The upper boundary sits near $78,000, while the lower trendline approaches $76,000. Falling wedges can precede an upside move, but Bitcoin has not confirmed a breakout.
Bitcoin price 4-hour chart — Sep. 3 | Source: crypto.news The pattern developed after BTC repeatedly failed to hold above $80,000 in late August. The market has since formed lower highs while continuing to find demand between $76,000 and $77,000.
ETF outflows add to weaker Bitcoin demand SoSoValue data showed that US spot Bitcoin ETFs recorded $236.46 million in net outflows during the latest reported trading session. Bitwise’s BITB was the only fund to post a net inflow.
The withdrawals removed a source of spot buying as Bitcoin struggled to recover above $78,000. They also followed signs that the demand supporting the August rally was beginning to fade.
CryptoQuant analyst Darkfost reported that Bitcoin’s apparent demand turned negative again on Sept. 2. The metric compares newly mined supply with changes in inactive holdings to estimate whether the market is absorbing available coins.
Market analyst Rain said the negative reading indicated that newly issued and previously inactive Bitcoin was no longer being absorbed at the same pace. Rain linked the change to BTC’s brief decline toward $76,400 and warned that continued weakness could turn $77,000 from support into resistance.
Demand data alone does not determine Bitcoin’s next move, but negative readings combined with ETF withdrawals leave the market more dependent on short-term buyers.
Bitcoin liquidity builds on both sides The CoinGlass heatmap showed the nearest large downside liquidity cluster around $75,900–$76,200. A break below that area could trigger forced selling and expose $74,000, followed by the 4-hour breakout base near $72,000.
Bitcoin liquidation heatmap | Source: CoinGlass Larger pools of liquidity sit above the current price. The first cluster appears around $78,500–$78,800, with a denser band near $79,500. Further concentrations are visible between $80,000 and $80,500 and around $81,500.
Those levels could attract price if Bitcoin clears the falling wedge, but they may also act as resistance as leveraged traders close positions.
An analyst posting as Crypto with Haris identified $76,000 as the key short-term support. He projected a move toward $73,000 if that floor breaks and said his bearish view would be invalidated if Bitcoin reclaimed and held the $80,000–$83,000 range. His targets represent a personal forecast rather than a confirmed market outcome.
Technical indicators favor consolidation Bitcoin’s 4-hour relative strength index stood at 48.66, slightly above its signal average of 43.95. The reading reflects neutral momentum and gives BTC room to move in either direction without entering overbought or oversold conditions.
The Aroon Up indicator registered 57.14%, compared with 7.14% for Aroon Down. The gap suggests recent highs are forming more frequently than new lows, giving buyers a limited short-term advantage despite the declining price channel.
The daily chart carries a stronger structure. Bitcoin remained above its 20-day simple moving average at $74,622 and well above the 50-day average at $68,428. The 100-day and 200-day averages stood near $66,303 and $69,586, respectively.
Bitcoin price daily chart — Sep. 3 | Source: crypto.news Chaikin Money Flow was positive at 0.32, showing that buying pressure continued to exceed selling pressure on the daily timeframe. The reading conflicts with the weaker apparent-demand signal, indicating that capital flow and on-chain demand have not deteriorated uniformly.
A 4-hour close above $78,000 would break the wedge’s upper trendline and put $79,500–$80,300 back in focus. Bitcoin would then need to clear the May resistance area near $82,800 to strengthen the broader recovery.
Failure to hold $76,000 would weaken the pattern and raise the risk of a move toward $74,000 and $71,800.
Fed rate expectations remain a US risk US monetary policy remains another source of uncertainty for Bitcoin. Markets assigned about a 64% probability to a 25-basis-point Federal Reserve rate increase at the Sept. 16 meeting, following Chair Kevin Warsh’s warning about persistent inflation.
The 10-year Treasury yield remained near 4.8%, giving investors a higher-yielding alternative to non-yielding assets such as Bitcoin. Reuters reported that government debt, capital demand linked to artificial intelligence investment, and expectations for a higher neutral interest rate were contributing to pressure in the bond market.
For US traders, the immediate setup centers on the $76,000–$78,000 range. A confirmed move outside the falling wedge would provide a clearer signal, while ETF flows and the Sept. 16 Fed decision could determine whether Bitcoin challenges $80,000 or returns toward lower support.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Bitcoin (CRYPTO: BTC) is increasingly trading like digital gold, a shift Bitwise Europe Research Director André Dragosch says reflects changing investor perceptions of BTC.
Is Bitcoin Decoupling From Stocks?In Bitwise’s weekly investor memo published Wednesday, Dragosch pointed to August’s market reaction following rising long-term Treasury yields and intervention by U.S. Treasury Secretary Scott Bessent as rationale for his thesis.
Bitcoin surged 22.4% in its strongest week since March 2024, while gold gained about 5% despite falling stocks, pushing their three-month correlation to its highest level since the 2020 pandemic stimulus era.
The shift isn’t limited to Bitcoin’s relationship with gold.
Dragosch noted that BTC’s correlation with stocks has fallen to a one-year low, challenging the argument that Bitcoin simply behaves like a leveraged technology investment.
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Correlation with the U.S. Dollar Index, meanwhile, is significantly negative.
This suggests dollar weakness has increasingly benefited both BTC and gold, and investors are grouping the two assets together when concerns about monetary policy, government debt and currency debasement intensify.
Will BTC Become the ‘Amplified Version of Gold?’Dragosch stressed that Bitcoin and gold remain fundamentally different assets.
Gold has served as a store of value for thousands of years, while Bitcoin is a technology less than two decades old and remains considerably more volatile.
But during periods of intense macroeconomic stress, investors appear to be making less distinction between the two.
"In those scenarios, BTC has recently started to look like an amplified version of gold," Dragosch wrote, potentially having implications for Bitcoin’s potential addressable market.
Gold’s roughly $30 trillion market is supported by central banks, sovereigns and large institutional allocators, a substantially larger capital pool than the crypto-native and venture capital that historically helped price Bitcoin.
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Michael Saylor, chairman of business intelligence firm Strategy (MSTR), recently compared the process of accumulating cryptocurrency to an aristocratic sport, emphasizing the discipline and patience required for long-term success. Saylor shared a 25-second video filmed on a golf course, showcasing himself methodically sinking golf balls while dressed in a business suit and observed by an audience.
Saylor’s Message: The Discipline of Bitcoin InvestmentIn the video, Saylor drew a direct parallel between investing in Bitcoin and playing golf’s “long game,” suggesting both pursuits demand strategic thinking and mental composure. He remarked, “Rich people like to buy Bitcoin” and added, “buying Bitcoin makes you rich,” concluding with, “I need to buy some Bitcoin.” The video captured Saylor’s conviction in Bitcoin as a central wealth-building tool for high-net-worth individuals.
Success on the green requires discipline and patience, qualities Saylor believes are equally crucial for accumulating wealth through Bitcoin investments.
Strategy’s investment approach is consistent with its September report, which positions the company with $66 billion in Total Reserve Capital (TRC). This amount ranks Strategy second among S&P 500 financial companies, just behind Berkshire Hathaway’s $364 billion in TRC.
Other major financial firms, such as JPMorgan Chase and Citigroup, showed negative TRC of -$1.347 trillion and -$619 billion respectively, attributed to the inclusion of customer deposits. In contrast, Strategy reported a high reserve coverage ratio of 10.75x, highlighting the company’s strong financial position relative to industry peers.
CompanyTotal Reserve Capital (TRC)Reserve Coverage RatioBerkshire Hathaway$364 billionN/AStrategy (MSTR)$66 billion10.75xJPMorgan Chase-$1.347 trillionN/ACitigroup-$619 billionN/AStrategy’s Aggressive Bitcoin Buying ContinuesDuring the summer, Strategy executed a notable trading maneuver by selling approximately 7,000 BTC at prices between $60,000 and $65,000 per coin. Later, in August, the company bought back 4,603 BTC at a higher price of $80,318 per coin, amounting to $370 million in purchases.
Phong Le, CEO of Strategy, supported this approach in an interview with Bloomberg. He stated that the company bases its decisions not on the current price of Bitcoin but on the cost of capital. Le explained that the earlier sale of Bitcoin was used to cover obligations related to preferred shares, while the surge in price in August allowed Strategy to secure $602.8 million in affordable market funding for new acquisitions. He noted that the company would continue buying Bitcoin even if prices reach $100,000, as purchases are tied to favorable financing conditions.
Strategy now holds 845,050 BTC, with a market value of approximately $65.2 billion at a Bitcoin price of $77,200, and maintains $6.7 billion in cash reserves.
Industry observers have pointed out that Strategy’s TRC does not factor in $14.8 billion in preferred-share obligations. If these obligations are deducted, net reserves would decrease to $50.7 billion. Despite this, Wall Street increasingly regards Strategy as a long-term oriented, dual-capital management company rather than a speculative investment fund.
Mini dictionary: Strategy (MSTR) is a US-based business intelligence firm best known for its large-scale investments in Bitcoin and its long-term commitment to digital asset accumulation. The firm’s financial moves often set benchmarks for corporate Bitcoin adoption.
On-chain analyst Willy Woo says the Bitcoin (BTC) 4-year cycle may be ending. In a post on X, he argued the market could adopt the 6-8 year debt cycle of traditional finance (TradFi).
The claim lands with Bitcoin near $78,011 after an August rebound. The coin had lost roughly half its value from the October 2025 peak of $126,198.
Why the Bitcoin 4-Year Cycle May Have Lost Its EngineHistorically, each halving cut the pace of new supply in half and reset Bitcoin’s four-year cycle. That recurring supply shock was strong enough to move the price on a fixed schedule. Woo now believes the mechanism has become too small to matter.
BTC MOVES TO A 6-8 YEAR CYCLE?
BTC has been locked into the gravity of a 4 year orbit… it was subject to strong internal forces of its halvening… a clockwork 4yr supply rate shock.
Meanwhile TradFi is on a 6-8 year short term debt cycle.
Given BTC's internal forces are de…
— Willy Woo (@willywoo) September 3, 2026
Issuance has run near 0.8% of supply since April 2024, and the 2028 halving will cut it to roughly 0.4%. For comparison, gold miners added about 1.7% to above-ground stock in 2025, based on World Gold Council data. Bitcoin’s supply engine is therefore already weaker than gold’s.
Fidelity Digital Assets reached a similar conclusion in February. Its research found volatility declining even as Bitcoin set record highs, behavior it links to maturation. Spot exchange-traded funds (ETFs), which existed in no prior halving cycle, add to that structural break.
Inside TradFi’s 6-8 Year Debt CycleCrypto traders know the halving as a supply event. The debt cycle, in contrast, is a demand and liquidity event, and it is the rhythm that stock and bond markets already trade on.
Economist Ray Dalio popularized the framework. In his model, the Fed cuts rates after a downturn, and credit becomes cheap. Households and companies borrow and spend, which lifts earnings and asset prices, then pushes inflation higher. The Fed responds with rate hikes, credit tightens, growth stalls, and a recession forces the next round of cuts.
One full loop typically takes several years. Data from the National Bureau of Economic Research (NBER) puts the average post-war US cycle at about 75 months, or just over six years, from peak to peak. Woo’s 6-8 year range, therefore, sits at the long end of the record.
The last Bitcoin cycle arguably fits this loop as well as the halving one. The Fed cut rates to zero in March 2020, and Bitcoin peaked in November 2021. Hikes began in March 2022, and the bear market followed. Both models explain that sequence, which is why the debate is hard to settle.
However, Woo’s version has a gap. Bitcoin launched in 2009, and the only recession since then was the two-month COVID downturn in 2020, which the Fed met with immediate stimulus.
Woo said on the What Bitcoin Did podcast that Bitcoin has never faced a true business-cycle downturn, and that 2026 could be the first real test. That test may be close. According to CME Group, there is a 60% chance of a 25 bps rate hike during the September FOMC meeting.
Target Rate Probabilities for September Fed Meeting. Source: CME GroupThe Case Against a New RegimeCycle purists argue the old script is still running on time. Bitcoin peaked about 18 months after the April 2024 halving, inside the historical window, and then entered a deep drawdown. That is the same sequence that followed the 2017 and 2021 tops, and it has kept the four-year cycle debate alive.
There is also a sample-size problem on both sides. Bitcoin has completed only four cycles, and a 6-8 year orbit cannot be confirmed or refuted before the next decade.
For now, both stories fit Bitcoin’s recent price action. The coin climbed from about $62,900 at the start of August. Even so, it remains roughly 38% down from its all-time highs.
The signposts from here follow the calendar. In the last two cycles, the bottom arrived about a year after the peak, which under the old script points to a low around late 2026 and a recovery into the 2028 halving. A longer orbit would instead show the low drifting into 2027 or beyond, with rallies tracking Fed easing rather than the halving date.
If the halving no longer sets Bitcoin’s clock, the asset becomes a macro trade with a higher beta.
Pocket Bitcoin, a regulated non-custodial Bitcoin purchasing service based in Switzerland, disclosed that a security breach in its support system exposed personal data belonging to 5,411 customers. The company says no misuse of the compromised information has been detected so far.
The incident, which unfolded over roughly a week in mid-August 2026, involved unauthorized access to an internal database tied to Pocket Bitcoin’s customer support infrastructure. The company cut off the intruder’s access by August 16 and publicly announced the breach on August 21.
What was exposed, and what wasn’t A detailed breakdown released on August 31 split the affected users into two groups. The first, comprising 291 individuals, had their correspondence with financial institutions compromised. That correspondence included names, addresses, and pieces of documentation, the kind of material that tends to surface during compliance exchanges with partner banks.
The second and much larger group, 5,120 customers, had transaction lists exposed. These lists, provided by partner banks, contained personal data tied to bank transfers.
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The distinction matters. For the smaller group, the breach is meaningfully worse: their real-world identities could potentially be linked to their Bitcoin addresses.
Pocket Bitcoin stressed that no KYC profiles, full transaction histories, or customer funds were compromised. Because the service is non-custodial, meaning it never holds users’ Bitcoin, there was never a risk of direct financial loss from the breach itself.
How the breach happened The unauthorized access was traced to Pocket Bitcoin’s support system, where conversations between users and support staff are stored. Investigators determined by August 19 that email addresses and support conversations had been copied from the internal database.
Pocket Bitcoin completed a forensic investigation and reported the breach to relevant authorities in both Switzerland and Liechtenstein, including law enforcement agencies. Every affected user received an individual notification about the exposure.
The privacy problem beneath the surface As of the company’s most recent update on September 3, there have been zero confirmed cases of the exposed data being misused.
For the 291 users whose names, addresses, and documentation were compromised alongside their Bitcoin-related correspondence, the damage is potentially durable. If that information were to surface on darknet markets or be acquired by a motivated actor, it could be used to link specific individuals to specific Bitcoin transactions.
The broader group of 5,120 users faces a less acute but still meaningful concern. Transaction lists tied to bank transfers contain enough metadata to build profiles of purchasing behavior over time.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin touched roughly $81,000 in late August 2026, its highest level in three months, only to slide back into the high $70,000s as the buying pressure that got it there started running out of fuel.
The rally from summer lows near $58,000-$64,000 represented a gain of approximately 23-38%. But the push above $80,000 was largely powered by a short squeeze, not organic buying.
The short squeeze that moved billions Between $1.4 billion and $4 billion in short positions were liquidated during the rally, making it one of the largest short squeezes in recent Bitcoin history. When traders betting on lower prices get forced out of their positions, they effectively become involuntary buyers, adding rocket fuel to an already rising market.
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Analysts at Glassnode and Bitfinex have pointed to exactly this dynamic as the core issue. The speed of Bitcoin’s ascent owed more to forced buying than to conviction-driven accumulation, and the price action since the $81,000 peak reflects that reality.
ETF flows tell a mixed story US spot Bitcoin ETFs pulled in approximately $1.9 billion in net inflows over a single week, the strongest weekly performance for these products since October 2025, with BlackRock’s IBIT among the leaders in attracting capital.
The flows have since become inconsistent, with some days showing meaningful inflows and others registering outflows or negligible activity. For Bitcoin to build a floor above $80,000, analysts say ETF purchases need to show sustained, multi-week momentum rather than sporadic bursts of interest.
Resistance levels and macro tailwinds Technical analysts have identified the $81,000-$83,000 range as immediate resistance, with a confirmed breakout potentially opening the door to targets between $85,000 and $90,000. On the downside, the high $70,000s have served as a consolidation zone where buyers have so far been willing to step in.
US Treasury announcements regarding expanded long-term bond buybacks, designed to put downward pressure on yields, have created a more accommodating environment for risk assets broadly.
Analysts caution that Bitcoin’s recent move looks more like a catching-up trade than the opening act of a new bull market. The cryptocurrency spent months underperforming other risk assets during the summer selloff, and much of the recent rally simply recovered ground that was lost rather than breaking genuinely new territory.
Profit-taking has also been a factor. Investors who bought during the $58,000-$64,000 lows are sitting on healthy gains and appear willing to lock some of those profits in at or near $80,000.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Russia’s largest bank has issued a cautious but sizable outlook for the country’s newly legalized cryptocurrency market. Sberbank Deputy Chairman Anatoly Popov said licensed trading platforms could handle roughly 3.5 trillion to 4 trillion rubles—about $46 billion—during the first 12 months after the rules take effect on September 1.
That figure is framed as conservative: analysts at SberCIB Investment Research expect only about one-fifth of existing activity to move onto regulated venues at first.
The baseline comes from Finance Ministry figures from February, which put daily crypto transactions in Russia near 50 billion rubles, or roughly 18 trillion rubles on an annualized basis.
Most of that flow still travels through peer-to-peer channels, unregistered services, and offshore platforms.
Popov noted that a large share of deals is likely to remain outside the official exchange system even after legalization, because professional market participants have until July 1, 2027, to obtain the necessary licenses.
The market therefore will not be fully built out in year one.
The new framework lets investors buy crypto assets through licensed brokers rather than informal routes.
Retail, or non-qualified, investors face a tight annual cap of 300,000 rubles (around $3,800) through a single intermediary and must first pass a risk-awareness test.
Qualified investors can go up to 3 million rubles (about $38,000) a year. Official venues are expected to start with a narrow list of assets—Bitcoin, Ethereum, and USDT—while other tokens stay off the regulated boards for now.
Payments in crypto for goods and services inside Russia remain prohibited.Sberbank’s longer-term path assumes gradual migration toward official rails.
Regulated volume could rise to 4.75–5.25 trillion rubles by 2028 and reach about 7.5 trillion rubles, or roughly $87 billion, by 2029 as more participants complete licensing and investors grow more comfortable with the supervised system.
The bank itself has been preparing infrastructure, including plans for trading tools and a digital depository, so it can serve clients once the rules are live.
The forecast highlights a dual-track market: a visible, capped, licensed segment sitting beside a much larger informal one.
Whether the official slice grows faster than the conservative 20 percent starting share will depend on how quickly brokers and exchanges finish registration, how attractive the limited product set proves, and whether retail limits stay in place. For now, Sberbank’s numbers treat the first year as a measured opening rather than an overnight shift of the entire 18-trillion-ruble activity base.
As Bitcoin retreated to the $77,000 level after its recent surge, on-chain analyst Willy Woo suggested that Bitcoin’s traditional four-year market cycle could change in the future.
At this point, Woo, who discussed Bitcoin’s traditional four-year market cycle, stated that this model may change in the coming period.
Woo stated that Bitcoin could shift away from its halving-focused four-year price cycle to a longer market cycle lasting 6 to 8 years.
The Impact of Halvings on Bitcoin Price is Weakening! Willy Woo noted that Bitcoin’s market cycles to date have been significantly shaped by the halving event, which occurs approximately every four years.
However, this situation may be changing. At this point, Woo noted that the decreasing amount of new Bitcoin entering circulation relative to the total supply reduces the impact of this halving mechanism on the price.
Bitcoin halvings reduce the block reward given to miners by half approximately every four years, slowing down the rate at which new supply enters the market.
At this point, Woo notes that the ratio of annual new Bitcoin supply to total supply could decrease from the current level of approximately 0.8% to around 0.4% in the coming years.
According to Woo, this suggests that the impact of the supply shock following the halving on the Bitcoin price may become increasingly limited compared to past periods.
Macroeconomics May Take Center Stage Instead of Halving in the Bitcoin Cycle! Woo suggested that with the weakening supply effect stemming from the halving, macroeconomic conditions and global liquidity dynamics could become more decisive in Bitcoin’s price cycles.
At this point, according to the analyst, Bitcoin’s future market cycles may show more parallels with the 6-8 year short-term debt cycles seen in traditional financial markets than with the four-year halving calendar.
Woo’s 6-8 year cycle prediction and such a shift could be interpreted as meaning that Bitcoin’s bull and bear markets may not be shaped around halving dates in the future. However, this assessment does not mean that Bitcoin’s classic four-year cycle has ended.
Woo’s main point is that as the impact of halving-related supply shocks diminishes, the Bitcoin price may become more sensitive to macroeconomic factors.
In this context, it is considered that liquidity conditions, interest rates, credit conditions, and borrowing cycles may play a more significant role in Bitcoin’s future market movements.
*This is not investment advice.
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Bullish, the regulated digital asset exchange trading publicly on the NYSE under ticker BLSH, has made STX available for trading on its platform. The move gives institutional investors a compliant gateway to Stacks, the layer-1 network that brings smart contracts and decentralized applications to Bitcoin without modifying Bitcoin’s base layer.
What Bullish brings to the table Bullish operates under regulation from the Gibraltar Financial Services Commission (GFSC) and has received approval from the New York Department of Financial Services (NYDFS). The exchange offers 24/7 access to digital assets and launched a tokenized equity trading platform in 2025. For context, Bullish went public via a SPAC merger and trades on the New York Stock Exchange.
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Why STX, and why now STX is the native token of the Stacks network. It serves triple duty: paying transaction fees, participating in Proof of Transfer (PoX) mining, and earning Stacking rewards.
A PoX-5 hard fork is scheduled for July 2026, designed to advance the network’s technical capabilities. Beyond that, Stacks has been piloting a Bitcoin staking initiative with institutional participants like HashKey Cloud, with a broader launch targeted for mid-2026.
The Grayscale Stacks Trust and the 21Shares Stacks ETP already exist, giving traditional finance players exposure to STX through familiar investment vehicles. Bullish’s listing adds another access point on the exchange side rather than the fund wrapper side.
The Bitcoin DeFi angle There was no flashy announcement or coordinated marketing push around this listing. STX simply appeared on Bullish’s trading interface. Current reporting lacks specific metrics on volume impacts following the listing, suggesting a period of observation is necessary to assess its full effects.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Bank for International Settlements (BIS) has tested the XRP Ledger (XRPL) to make official statistics easier to verify.
The researchers created a system that uses blockchain technology to link statistical data to the organization that published it. This lets governments, banks, and automated systems verify that the data is authentic and hasn’t been changed. Notably, the team tested the system on the XRP Ledger’s development network.
The project addresses a trust problem with official statistics. Organizations commonly use SDMX to share data, but users often have no independent way to confirm that the data came from the claimed organization or remained unchanged after publication.
BIS Uses XRPL to Create a Permanent Data Fingerprint The BIS system first creates a unique digital fingerprint, called a hash, for each statistical dataset. It can also fingerprint individual data series for more detailed verification.
The hashes are then combined into a Merkle tree, which produces one final fingerprint for a group of datasets. The system records this final fingerprint on the XRP Ledger with a timestamp. Once recorded on the ledger, it cannot be changed.
The original data stays off the blockchain. Instead, the published file contains the information needed to verify its fingerprint and confirm who published it. Users can calculate the file’s fingerprint and compare it with the fingerprint stored on XRPL.
This allows the system to prove that the data has not changed without putting the actual data on the blockchain.
In testing, the BIS system took about 3–5 seconds to publish the fingerprint and 1–2 seconds to verify the data. The results show that blockchain-based verification is fast enough for interactive applications and automated systems.
XRPL’s Role Gets Attention From the XRP Community The research has attracted attention from the XRP and XRPL community.
XRPL validator Vet highlighted the BIS prototype’s use of the XRP Ledger’s memo field. He said the experiment demonstrates that XRPL’s public and immutable design has uses beyond conventional payments.
Vet also discussed using NFTs to store data fingerprints more permanently. NFTs remain on the ledger and can link to external storage systems such as IPFS or Arweave.
This is very interesting!
The Bank of International Settlement used in their research paper the XRP Ledger (dev net) for its immutability and public verifiable properties!
So what did they do? Spoiler, they used the memo field, i suggest to use something else at the end.
The… pic.twitter.com/mtFdiTCiqW
— Vet (@Vet_X0) September 2, 2026
Crypto Eri also highlighted the experiment, explaining that the BIS placed a digital fingerprint of an official statistics file on the XRP Ledger. This gives users a way to check whether the file changed after publication.
Potential Uses Beyond Official Statistics The BIS research applies beyond SDMX datasets. The system is data-format agnostic and supports other structured data formats, including XBRL, which is widely used for financial and regulatory reporting.
The researchers also analyzed the costs of using the blockchain. Because a single XRPL transaction can represent thousands of datasets, the cost of recording data fingerprints becomes negligible when datasets are grouped into appropriately sized batches. Processing and storage remain the larger costs.
The system is still a proof of concept, not a production-ready product. However, the experiment demonstrates that XRPL provides a practical way for institutions to prove that financial, statistical, and regulatory data is authentic.
For XRP holders, the development is another institutional use case for the XRP Ledger. If blockchain-based verification systems move from research into production, public ledgers such as XRPL will become part of the infrastructure used to establish trust in financial, statistical, and regulatory data.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The new "Earn on XRP" feature will affect a colossal pool of 1.62 billion tokens held on one of the largest trading platforms. Uphold Chief Product Officer Paul Underwood has officially confirmed that the long-awaited passive income tool is in the final stages of development.
The announcement was made at the XRP Vegas conference and later repeated on X. Underwood acknowledged that development had taken longer than planned but assured users: "The wait is almost over, with details coming in the next few weeks."
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The intrigue surrounding this release is purely technical. By design, the XRP Ledger (XRPL) does not support native staking in the same way as networks such as Ethereum or Solana.
To give users the opportunity to earn interest, Uphold has to implement workarounds—for example, by using DeFi lending protocols such as Exactly Protocol or wrapped tokens through its partner, Flare Network.
At my talk at XRP Vegas, I shared that Uphold is working on a way to earn on XRP. We're getting closer to launch! It has taken longer than planned - but the wait is almost over. Will be sharing more in the coming weeks.
— Paul U. (@PaulWavelength) September 2, 2026 In addition to the technical side, the exchange is also addressing legal issues. In his responses to users, Underwood confirmed that the company is currently working to obtain New York's strict BitLicense. This is a clear signal that the new Earn tool is being prepared under the strict oversight of U.S. regulators.
Why does the exchange need it? (Spoiler: to retain its XRP Army)For the platform, launching this product is a strategic move backed by enormous figures. According to its official Proof of Reserves report, the exchange currently holds around 1.62 billion XRP.
This is a colossal amount:
It represents 1.63% of all XRP in circulation worldwide.It places Uphold among the world's top three exchanges by XRP holdings, behind only South Korea's Upbit and global exchange Binance.XRP is the largest asset on the platform by market capitalization, with user holdings backed at a 1:1 ratio. You Might Also Like
Uphold has long positioned itself as the main haven for the XRP community. The exchange already offers debit cards in the U.S. with up to 6% cashback in XRP, as well as bonuses of up to 3% for recurring purchases.
The launch of a full-fledged Earn program will address the main need of long-term investors—the ability to safely monetize their holdings within a regulated platform without moving them to complex and risky third-party DeFi platforms. The company has promised to disclose the official terms and interest rates in the coming weeks.
XRP generated more questions than any other cryptocurrency during a Bitwise presentation to approximately 400 wealth managers, research analyst Ryan Rasmussen said on Sept. 2.
Summary
About 400 wealth managers attended Bitwise’s presentation, where XRP generated the most audience questions overall. 67% of surveyed participants said they did not currently allocate client portfolios to cryptocurrency investments. 60% expected crypto prices to rise by year-end, according to Bitwise analyst Ryan Rasmussen’s poll. Another 60% said they planned cryptocurrency allocations within one year, although intentions may change materially. U.S. spot XRP funds ended eleven inflow sessions with approximately $7.2 million leaving September 2. Rasmussen and Bitwise chief investment officer Matt Hougan discussed Bitcoin, Solana, Hyperliquid, stablecoins and tokenization during the event. When asked about XRP afterward, Rasmussen said it was “the most asked about throughout the presentation,” adding that there was “a lot of interest.”
The statement provides evidence of attention among attendees at one Bitwise event. It does not establish that XRP is the most popular cryptocurrency among wealth managers generally, nor does it show that participants intend to invest specifically in XRP.
XRP interest contrasts with limited crypto allocations Rasmussen’s audience poll found that 67% of participants did not currently allocate to cryptocurrency. The wording did not specify whether the question concerned personal investments, client portfolios or firm-wide allocations.
Another 60% said they expected cryptocurrency prices to be higher by the end of 2026. The same share said they planned to allocate to the asset class within the next year.
XRP was the most asked about throughout the presentation. A lot of interest.
— Ryan Rasmussen (@RasterlyRock) September 3, 2026 Those responses reflect expectations and stated intentions rather than completed investment decisions. Market conditions, compliance policies and client risk limits could affect whether the planned allocations occur.
Bitwise did not publish the participants’ firms, assets under management, geographic distribution or sampling method. The results should therefore be treated as an informal event poll rather than a representative survey of the wealth-management industry.
XRP ETF flows provide a regulated access route U.S. spot XRP exchange-traded funds recorded 11 consecutive trading sessions of net inflows through Sept. 1, attracting approximately $170 million during the period, according to SoSoValue data.
The products had accumulated roughly $1.68 billion in net inflows since launching in November 2025. However, the streak ended on Sept. 2, when the funds recorded approximately $7.2 million in combined net outflows.
One negative session does not establish a longer-term reversal. Daily ETF flows can change because of portfolio rebalancing, short-term trading and broader market conditions.
Crypto.news previously reported that XRP’s recovery increasingly depended on sustained ETF inflows and regulatory progress. At the time, cumulative inflows had already exceeded the threshold used in one external bullish forecast, although the pace of new investment remained uneven.
Institutional filings show exposure, not investor intent Goldman Sachs was the largest disclosed institutional holder of U.S. spot XRP ETFs at the end of the second quarter, according to Bloomberg Intelligence data compiled from Form 13F filings.
The bank disclosed approximately $87.4 million in XRP ETF exposure. Jane Street followed with about $16.6 million, while Millennium Management reported roughly $16.2 million.
Form 13F filings provide quarterly snapshots of certain securities held by large investment managers. They do not explain whether positions are proprietary investments, client holdings, hedges or inventory supporting market-making operations.
The filings are also backward-looking. Second-quarter reports show positions as of June 30 and do not reveal changes made afterward. They support the conclusion that regulated XRP products have attracted professional market participants, but they do not prove a directional view on XRP.
Wealth managers still face allocation barriers Wealth managers considering cryptocurrency exposure must assess volatility, custody, liquidity, suitability and regulatory requirements. Approval processes can also differ between independent advisers, broker-dealers and larger financial institutions.
Spot ETFs remove the need to manage wallets or private keys directly. They nevertheless retain exposure to movements in the underlying cryptocurrency and can experience substantial price declines.
Interest in XRP may reflect several developments, including ETF availability, Ripple’s institutional expansion and activity across the XRP Ledger. In related coverage, crypto.news reported that Ripple’s regulated financial businesses continued expanding even as XRP’s price weakened.
The next measurable development will be whether the stated allocation plans produce sustained fund inflows. Future 13F filings will also show whether large managers increased, reduced or exited their XRP ETF positions during the third quarter.
For now, Bitwise’s event indicates curiosity rather than confirmed demand. XRP dominated questions from the audience, but most participants had not yet made any cryptocurrency allocation.
TLDR The Bank for International Settlements published a working paper on September 2, 2026, describing a blockchain system built on the XRP Ledger. The system creates cryptographic fingerprints of official datasets and anchors them on-chain so users can verify data has not been altered. The prototype achieved 3-5 second publication times and 1-2 second verification times with very low costs. This was tested on XRPL’s DevNet, not the live mainnet, and the full code was released as open source. XRP was trading at $1.37 at the time of publication, up 1.42% over 24 hours but down 2.40% over the past week. The Bank for International Settlements has published a working paper describing a blockchain tool meant to protect official economic data from tampering. The research was built and tested on the XRP Ledger.
The paper, numbered 1374, came out on September 2, 2026. It tackles a problem with how international organizations share financial data.
Most groups use a data format called SDMX to publish economic statistics. That format has no built-in way to check if a file has been changed after it was released.
Governments, researchers, and AI systems pull this data regularly. If a third party alters a file, even by accident, there is currently no fast way to catch it.
How the System Works The BIS team designed a fix using cryptography. Each dataset gets a unique digital fingerprint called a hash.
Thousands of these fingerprints can be combined into one summary value known as a Merkle root. That root then gets recorded on the XRP Ledger, where it is timestamped and cannot be edited.
The published data file also carries a signed credential linked to the publisher’s identity. This lets users confirm both who released the data and whether it has changed.
All of this can be checked with a single lookup on the ledger. Only the fingerprints go on-chain, not the actual data, so sensitive information stays private.
The prototype delivered publication times of 3 to 5 seconds and verification times of 1 to 2 seconds. On-chain costs were described as very low, and one ledger entry can cover thousands of datasets at once.
BIS released the full codebase as open source, allowing other institutions to review or build on the work.
XRP Price and Market Context This paper adds to a growing list of institutional projects built on the XRP Ledger. JPMorgan, Ripple, Mastercard, and Ondo recently completed a tokenized Treasury settlement on the same network in about four seconds.
Other recent developments include RLUSD stablecoin supply passing Ethereum on XRPL, new ETF products, and a live XRP listing through OSL Hong Kong.
At the time of publication, XRP was trading at $1.37. The token gained 1.42% over the past 24 hours, with $2.46 billion in trading volume during that period.
XRP’s market cap stood near $85.7 billion, based on a circulating supply of 63 billion tokens. Over the past seven days, the price was down 2.40%.
It is worth repeating that this project ran on XRPL’s DevNet, a testing environment. It is not a sign that BIS has adopted the XRP Ledger for live central bank operations.
Community members on social media platform X discussed the paper after it was released. Some highlighted the technical details, while others pointed out that this remains a research prototype rather than a deployed system.
The BIS paper does not confirm any use of XRP tokens for settlement. It focuses only on using the ledger’s infrastructure to timestamp and verify data.
For now, the project stands as one more example of institutions testing the XRP Ledger for specific technical tasks, separate from the token’s trading activity.
A federal judge in Washington dismissed a defamation lawsuit filed by XRP-focused influencer Jake Claver against content creator Zach Rector on September 2.
The court ruled that Rector’s 2025 videos about Claver’s businesses contained no actionably false statements.
Today, the U.S. District Court for the Western District of Washington granted my motion under Washington's Uniform Public Expression Protection Act, dismissing the existing lawsuit brought against me by Jake Claver. The Court found no actionably false statement in my videos and…
— Zach Rector (@ZachRector7) September 2, 2026
What Rector’s Videos Actually ReferencedThe dismissed lawsuit centered on three videos Rector posted alleging misconduct tied to Claver’s Digital Ascension Group and Digital Wealth Partners, according to reports on X. Those videos drew directly on Claver’s own admissions in a separate New York lawsuit filed by payments processor Verivend Inc.
In that case, Claver acknowledged fabricating emails, wire transfer confirmations, and a screenshot of a Verivend wallet dashboard showing a false balance exceeding $1 million, according to court documents.
Court filings also show Jake Claver admitted to impersonating Verivend employees on multiple occasions to generate fake email threads.
Judge Kymberly K. Evanson granted Rector’s motion under Washington’s Uniform Public Expression Protection Act, the state’s anti-SLAPP law designed to protect speech on matters of public concern.
“We may not agree with each other sometimes, but for Jake Claver to sue Zach Rector, a fellow XRP community voice, turning price‑call criticism into a $30m federal fight, only to be told the speech was protected, reflects more on the plaintiff than on the videos…,” one user said on X.
Follow us on X to get the latest news as it happens.
XRP Influencer’s Defamation Suit Dismissed Under Anti-SLAPP Law. Source: X/@SugarXRPLThe court dismissed all of Claver’s claims, including defamation, tortious interference, conspiracy, and breach of contract, without prejudice. Evanson also ruled that Rector is entitled to recover his attorneys’ fees and litigation costs. Claver has until September 23 to file an amended complaint.
Rector confirmed the ruling directly, saying the court found no false statement in his videos and that he is entitled to recover his fees because Claver’s suit targeted his free speech rights on a matter of public concern.
A Familiar Pattern in Crypto Defamation CasesThis is not the first time a prominent crypto influencer’s defamation claim against a critic has collapsed. In 2022, BitBoy Crypto founder Ben Armstrong sued fellow YouTuber Erling Mengshoel Jr., known as Atozy, over a video accusing him of promoting a failed token.
Armstrong voluntarily withdrew the case within weeks after Atozy crowdfunded more than $200,000 for his defense, as public backlash mounted. Unlike Claver’s case, no judge ever ruled on it, so it set no formal legal precedent.
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Still, both episodes illustrate a recurring dynamic in the crypto space: defamation suits filed against outspoken critics have repeatedly struggled to survive public and legal scrutiny, often ending in withdrawal or dismissal rather than victory for the plaintiff.
The ruling drew a strong reaction within the XRP community online, with several observers characterizing it as a clear vindication of Rector’s reporting and a warning against using defamation claims to suppress criticism within the space.
Binance's $XRP reserves have dropped to their lowest level in nearly two and a half years, raising fresh questions about where the tokens are going and what the outflow signals for the market.
500 Million XRP Gone in Under a Year
Accumulation, ETFs, or Something Else?
Whether the current drawdown marks a structural shift in holder behaviour or simply reflects the mechanics of a prolonged correction remains an open question.
Sources:
The Crypto Basic: 500 Million XRP Leave Binance as Exchange Reserves Fall to 2024 Levels
Yahoo Finance: XRP Price Faces Crucial September Test as Binance Reserves Fall
Finbold: Monster 551 Million XRP Leaves Binance in 21 Months
Evernorth, a company aiming to become the first publicly traded XRP treasury, is approaching a key milestone as it awaits a final shareholder vote to move forward with its public listing plans. The development has drawn attention from the cryptocurrency community, particularly after a recent statement by crypto analyst Dark Defender, who suggested that major changes could be ahead for XRP’s market dynamics.
Evernorth’s proposed transition to a public company centers around its business combination with Armada Acquisition Corp. II, a special purpose acquisition company listed on the stock market. Following recent regulatory steps, the combined entity would become one of the first public companies with a primary treasury focus on XRP, the digital asset developed by Ripple Labs.
On August 27, the US Securities and Exchange Commission (SEC) declared effective Evernorth’s Form S-4 registration statement, clearing a compliance hurdle but not signaling endorsement of the business model, the merger, or XRP as a security or investment. This action allows Armada’s shareholders to vote on the proposed transaction.
The shareholder vote is scheduled for September 30, 2026. If the remaining closing requirements are met and shareholders approve, Evernorth expects to begin publicly trading on Nasdaq under the ticker XRPN.
Dark Defender described these developments as bringing Evernorth “one shareholder vote away” from trading on Nasdaq, but noted that the listing is still conditional on completing all necessary steps.
Publicly available transaction documents show that Evernorth could begin with approximately 473 million XRP as its treasury holding if the plan is approved.
Evernorth’s major backers include Ripple, the founding company behind XRP, as well as Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR.
Mini dictionary: Armada Acquisition Corp. II – A special purpose acquisition company (SPAC) is a publicly listed firm formed to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company and taking it public without a traditional IPO process.
EventDateStatusSEC Form S-4 effectivenessAugust 27, 2026CompletedShareholder vote (Armada)September 30, 2026PendingExpected Nasdaq listingPost-approvalNot completedAnalyst highlights potential XRP supply impactCrypto analyst Dark Defender, who regularly comments on XRP market trends, linked Evernorth’s transition to the possibility of an XRP supply shock. In a series of social media posts, he referenced the recent SEC milestone and noted Evernorth’s apparent shift from quietly accumulating XRP to a more public-facing approach.
Dark Defender pointed to messages from the company, including a teaser that “someone new will be joining the Evernorth story,” interpreting this as a sign that its initial accumulation phase may be ending.
He observed, “A treasury (Evernorth) has one job: buying quietly. But they started teasing. You only start talking when the quiet part is done.”
He concluded by predicting that “an XRP supply shock is inevitable,” though this perspective remains an analyst’s view and is not confirmed by Evernorth.
Outlook for Nasdaq listing and XRP marketIf the business combination is approved and Evernorth lists on Nasdaq, public investors will gain exposure to a company holding a significant amount of XRP and pursuing growth strategies linked to the XRP ecosystem. The company’s business plan includes not only holding XRP but deploying capital into projects and infrastructure built around the asset, aiming to increase its value and utility.
Any supply reduction in available XRP on the market would depend on the scale and pace of Evernorth’s purchases, overall market liquidity, and future decisions regarding its treasury management. The timing and impact of such changes are still uncertain and will be closely monitored by market participants.
Uphold’s U.S. president, Nancy Beaton, says XRP and the XRP Ledger (XRPL) are in a position to benefit as traditional finance moves onto blockchain technology.
In a video on Ripple’s official YouTube channel, Beaton said the shift from traditional banking to blockchain finance is already underway. She believes companies like Ripple, Uphold, and other fintech firms will need to work together to make this transition happen.
Beaton also explained that Uphold is more than a platform for buying and trading digital assets. Its API-based technology lets other businesses use its infrastructure to build and offer financial services.
This infrastructure is useful for banks and financial institutions that want to offer digital assets to customers without building their own blockchain systems.
Uphold and Ripple Work More Closely on XRPL Beaton said Uphold is “constantly working together” with Ripple and the XRP Ledger (XRPL), while also pointing to opportunities to work with other companies in the XRPL ecosystem.
She said Uphold, Ripple, and XRPL can work together to give banks and other financial institutions a complete solution for offering digital assets to their customers.
This positions XRPL as more than just a cryptocurrency network. The blockchain is also becoming part of the infrastructure supporting financial services moving onto the blockchain.
Meanwhile, Ripple increasingly focuses on using XRP and XRPL in regulated financial markets. Its 2026 plans include regulated finance, tokenization, cross-chain liquidity, and other financial infrastructure use cases.
XRP Has an Advantage Beaton believes XRP and the XRP Ledger have an important role to play as the financial system moves to blockchain. Specifically, she said XRPL and XRP could lead this transition, giving them a “leg up” in the market.
One major advantage of blockchain is the ability to make financial transactions faster and cheaper. Blockchain networks operate 24/7 and offer lower-cost transactions compared with many traditional payment systems.
Blockchain also makes international money transfers faster. Instead of waiting days and paying high fees to move money across borders, transactions can take place continuously and at much lower costs.
These benefits give banks and other financial institutions a strong reason to adopt blockchain technology.
From Payments to a Blockchain-Based Economy Beaton sees blockchain as a way to give people greater control over their money and assets. It allows people to move assets across borders, earn returns, and use digital assets in different financial services.
She said sending money will eventually become as easy as sending an email. Digital assets will also allow people to earn returns on their holdings and use crypto as collateral for loans.
This goes beyond simply making payments faster. Blockchain is building a financial system where asset ownership, payments, lending, and transaction settlement operate on shared infrastructure.
As more banks and financial institutions use blockchain for payments and settlement, demand for the XRP Ledger and XRP will increase.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ripple News: BIS Turns to XRP Ledger for 3–5 Second Data Verification presales XRP
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XRP is holding steady while a quieter Ripple news out of Basel gets less attention than it probably deserves. The Bank for International Settlements just published a working paper describing a proof of concept that used the XRP Ledger to anchor tamper-evident fingerprints of official economic data.
BIS Working Paper No. 1374, released Sept. 2, tackles a real gap in SDMX, or the standard institutions use to exchange official statistics, which has no native cryptographic integrity check. Researchers built dataset fingerprints, compressed them into a Merkle root, and anchored that root on XRPL using a public DevNet node.
BIS working paper anchors official statistics to the XRP Ledger in a proof of concept
A Bank for International Settlements (@BIS_org) working paper published this month sets out a system for publishing official statistics with cryptographic proof of integrity, using the XRP… pic.twitter.com/OczFDErQX8
— BSCN (@BSCNews) September 2, 2026 According to the report, Median publication times landed at 3–5 seconds, verification at 1–2 seconds. Analyst Diana from InvestWithD flagged the experiment publicly.
Institutional plumbing tests like this rarely move price on their own, but they do shape the narrative traders lean on when deciding whether to hold through chop. XRP’s chart right now is arguably more interesting than the paper itself.
Discover: The Best Token Presales
Can XRP Price Hit $2 This Week Amid The Bullish Ripple News?XRP sits at $1.36, fresh off a violent 48 hours. It saw a $369 million in leveraged longs liquidated as price dipped toward $1.34, a forced reset after August’s 70% run from $0.99 to $1.70.
The $1.32–$1.38 zone is doing the heavy lifting now; it’s the highest-volume support band on recent URPD data and the line separating consolidation from breakdown.
Momentum isn’t broken. A September 1 MACD buy signal paired with RSI in the low-60s points to cooling, not reversal. If XRP can hold $1.32–$1.38, and clear $1.60 and $1.68–$1.72 resistance, $1.90–$2.10 becomes the September target.
The most likely scenario is a continued chop in the $1.35–$1.55 range while positioning resets. But a clean break under $1.30 opens the door to $1.20, maybe the $1.00–$1.15 macro floor. Our recent Bitwise-linked XRP forecasts still lean toward the upper scenario, but the $1.32 line is the one to watch into the weekly close.
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Maxi Doge Targets Early Mover Upside as XRP Tests Key LevelsXRP holders who bought the August dip are sitting comfortably, but let’s be honest, a move from $1.37 to $2.00 is a 46% gain on an asset with a market cap already in the tens of billions. That math doesn’t excite everyone.
Traders chasing asymmetric upside are increasingly looking at earlier-stage plays, and institutional flow data around XRP suggests capital is rotating, not just holding.
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XRP faces a critical technical challenge as its price approaches a significant resistance zone, drawing attention from traders and analysts closely watching for signals of a sustained upward move.
Key resistance level highlightedCrypto researcher BankXRP recently shared insights from a German market analyst, who outlined that XRP’s next major test centers on overcoming resistance between $1.15 and $1.60. The analyst emphasized that traders should remain cautious until XRP achieves both a clean breakthrough and a successful retest of this price band.
According to the analysis, only a decisive move above this range, followed by confirmation through a retest, would signal that XRP is emerging into higher retracement levels. The analyst views this process as essential before any consensus can form regarding a new uptrend for the digital asset.
The analyst explained that a breakout above $1.15 to $1.60, followed by a backtest and further upward continuation, would provide the confirmation needed for investors to view the move as sustainable.
BankXRP, which publishes crypto market research, summarized the perspective on X, noting that the “next big test is the resistance zone” and that XRP requires a “clean break + retest” before recent gains can be considered the start of a true rally.
Price structure and previous cycles comparedThe German analyst also compared XRP’s current market structure to previous cycles, describing the pattern as “somewhat comparable” to earlier scenarios in the market. He noted that XRP remains below the resistance area, in contrast to other assets such as Elysium, which have already managed to break through similar technical barriers.
Elysium, a digital asset network, recently cleared its major resistance, while XRP continues trading below its second critical level. The analyst attributed some of the difference to XRP’s historically slower reaction compared to its peers.
He suggested that XRP could follow a recurring pattern involving consolidation phases, strong upward movement, and subsequent new periods of sideways trading. This “ranging, pumping, ranging” structure points to the possibility of additional consolidation after any short-term surge.
Mini dictionary: Elysium, a blockchain project, is known for its decentralized infrastructure and focus on asset tokenization. It is less widely recognized than platforms such as Ethereum or Solana but serves as an example in technical analyses due to its distinctive market cycles.
He argued that confirmation should come from clear price structure changes, not simply from a move above resistance, and highlighted that traders should wait for both a breakout and follow-through rather than acting on the first impulse.
Spot XRP ETF market performanceThe analyst also touched on recent performance in spot XRP exchange-traded funds (ETFs), describing the past week as “fantastic” following similar strength the previous week. Spot ETFs allow investors to gain direct exposure to XRP’s market price, making their performance an indicator of institutional sentiment.
While acknowledging these positive signals in the ETF space, the analyst reiterated that the primary technical challenge for XRP remains the $1.15 to $1.60 resistance range. He stated that only a clear break above this area, validated by a retest and extended move, would confirm the start of a larger upward trend for XRP.
AssetResistance LevelStatusXRP$1.15–$1.60Below resistanceElysiumComparable zoneAbove resistanceUntil such a breakout occurs, both the researcher and the analyst urge market participants to seek confirmation in the price structure before concluding that XRP has entered a sustained upward cycle.
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.
Fintech entrepreneur Emi Yoshikawa commented on plans by a consortium of 21 banks to launch its own U.S. dollar stablecoin.
Reacting in Japanese to the official announcement of the megaproject led by Goldman Sachs and Japan's MUFG Bank, the former Ripple vice president of strategic initiatives wrote on X that she felt "a sense of déjà vu," adding that "this is exactly how it was supposed to go."
Former Ripple VP Emi Yoshikawa's reaction to the Goldman Sachs and MUFG stablecoin initiative, Source: Emi Yoshikawa via X.comBehind this comment is Yoshikawa's eight years of experience at Ripple from 2016 to 2024, during which she developed XRP's institutional presence in Asia.
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Such a reaction points to a pattern typical of TradFi: the world's largest banks spent years exploring third-party blockchain solutions but ultimately chose to create isolated structures that allow them to control liquidity, compliance, and transaction fees instead of integrating with networks such as the XRP Ledger.
What is behind the former Ripple strategy executive's "déjà vu"This context overlaps with developments in Japan, where MUFG Bank, the only Asian participant in the dollar project, is simultaneously involved in a domestic initiative. By March 2027, MUFG, together with megabanks SMBC and Mizuho, plans to launch settlements using a yen-denominated stablecoin based on Progmat, a platform originally created within MUFG.
This could potentially allow the bank to conduct international yen-to-dollar conversions entirely within a controlled banking blockchain environment.
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At the same time, the banking consortium is targeting use cases already covered by regulated crypto-native instruments such as Ripple's RLUSD. By September 2026, RLUSD's market capitalization had exceeded $2 billion, with more than $1 billion issued on the XRPL, while in June the asset was officially approved by Japanese regulator JFSA for trading through the SBI VC Trade exchange.
This overlap in objectives could lead to market segmentation. The banking token is aimed at internal settlements between consortium members and large corporations that require direct interbank auditing.
The technology won, but there's a catchMeanwhile, tokens such as RLUSD and USDC could maintain their positions in the open fintech sector, retail payments, and DeFi ecosystems, where rapid implementation without excessive coordination is critical.
Yoshikawa's position combines recognition of the viability of blockchain-based settlements with skepticism: historical experience shows that alliances comprising 21 major stakeholders face complex governance challenges.
While the consortium works to agree on internal rules ahead of its planned 2027 launch, independent regulated stablecoins could retain their time advantage.
The Bank for International Settlements (BIS) has highlighted XRP and its native blockchain, the XRP Ledger, 101 times in a newly published working paper exploring blockchain technology for official data verification purposes.
Focus on blockchain for official statisticsThe BIS working paper, titled “Verifiable Official Statistics: A Blockchain-Based Approach,” introduces a proof of concept for anchoring official statistical data to blockchain using the XRP Ledger. The system cryptographically secures metrics such as gross domestic product (GDP), consumer price index (CPI), and consolidated banking figures.
The approach utilizes datasets formatted in SDMx, an international data standard adopted by organizations such as the BIS, International Monetary Fund (IMF), and European Central Bank (ECB). Each dataset receives a unique cryptographic fingerprint, with multiple fingerprints grouped into a batch and committed to the XRP Ledger as a single transaction. This process enables data verification by any party, ensuring the information remains unaltered since publication.
Mini dictionary: BIS (Bank for International Settlements), a Switzerland-based international financial institution, serves as a bank for central banks, helping coordinate financial stability and policy across countries.
Performance testing on the prototype recorded a median publication latency of 3 to 5 seconds, highlighting the speed of the XRP Ledger. The verification process for each batch took roughly 1 to 2 seconds. The paper notes that each anchoring transaction cost about $0.000003, achieving what the researchers described as “near real-time data verification” with strong cryptographic guarantees.
The system demonstrated the capacity to verify the integrity of official statistics in near real time, with each anchoring transaction on the XRP Ledger completed in seconds and for a fraction of a cent.
Reasons for choosing the XRP LedgerThe paper explains the rationale behind the choice of the XRP Ledger as its reference blockchain. The authors cite the low fees, rapid consensus finality, and abundance of developer resources available for the ledger, in addition to a well-documented technical analysis of the platform’s consensus protocol. The XRP Ledger can process approximately 1,500 transactions per second, while Ethereum’s Layer 1 processes around 15.
Mini dictionary: SDMx (Statistical Data and Metadata Exchange) is an ISO standard for the exchange of statistical data, ensuring compatibility across major financial institutions and statistical offices.
BlockchainTransactions per Second (tps)Median Confirmation TimeTransaction CostXRP Ledger1,5003–5 seconds$0.000003Ethereum (Layer 1)1515–60 secondsVariable, higherThe BIS designed its proof of concept to be blockchain-agnostic, meaning it could be applied to other networks. However, for this initial deployment and analysis, the organization selected the XRP Ledger due to these noted advantages and prior recognition in similar research.
Beyond verification: Path to tokenized assetsThe report indicates potential applications extending past basic data verification. The authors outline a framework in which verified economic data can underpin programmable digital assets, including tokenized bonds and financial derivatives with automatically adjusting terms linked to real economic indicators.
This development positions the XRP Ledger as more than just a data integrity tool. It could serve as a settlement infrastructure for sophisticated financial products built on top of verified economic statistics. Citing this reference implementation, observers point to an evolving role for blockchain within institutional finance.
The ability to automatically adjust bond terms based on on-chain, verified SDMx data provides a bridge between statistical integrity and programmable finance.
Industry implications for XRPInstitutional blockchain adoption has historically preceded growth in digital asset utility and interest. The BIS adopting the XRP Ledger as its reference blockchain for official statistics verification demonstrates a use case for XRP that extends well beyond speculative trading.
As more central banks and global financial institutions explore tokenized securities and on-chain asset settlement, a ledger chosen and validated by the BIS gains additional credibility and competitive advantage in the marketplace.
The BIS paper documents real-world network activity from a highly respected financial institution, mentioning XRP over 100 times throughout its pages.
Ripple (XRP) bulls are attempting a recovery above $1.36 at the time of writing on Thursday, underpinning a strong moving average support cluster. Despite the modest recovery, broader market sentiment remains shaky as investors adopt a cautious stance amid renewed tensions between the United States (US) and Iran.
The two nations re-escalated tensions last weekend, with strikes continuing early this week. Risk aversion is already evident, considering outflows from spot Exchange-Traded Funds (ETFs) on Wednesday.
XRP ETFs turn bearish amid growing investor cautionUS-listed XRP spot ETFs saw outflows of $7 million on Wednesday, breaking an extended 11-day bullish streak. Despite the single-day outflow, cumulative inflows hold steady at $1.68 billion, up from $1.51 billion in early August, according to SoSoValue.
Similarly, total assets under management averaged $1.42 billion, up from $1 billion over the same period. If inflows return, they could cushion XRP from broader crypto headwinds, raising the chances of a sustained recovery above $1.40 and $1.50 levels, respectively.
XRP ETF flows | Source: SoSoValueMeanwhile, retail demand remains steady, with perpetual futures Open Interest (OI) at 2.25 billion XRP on Thursday, down only marginally from 2.26 billion XRP the day before. CoinGlass data shows the decline against the backdrop of the OI spiking to 2.78 billion XRP on August 15. Retail interest in XRP is needed to support the short to medium-term recovery outlook.
XRP Futures OI | Source: CoinGlassTechnical analysis: XRP shows subtle recovery signsXRP trades above $1.36 while holding above a rising cluster of Exponential Moving Averages, with the 200-day EMA at $1.35 underpinning the latest breakout and the 50-day and 100-day EMAs at $1.22 and $1.22 reinforcing a constructive medium-term structure. Although the Moving Average Convergence Divergence (MACD) indicator slipped below its signal line and turned negative, the Relative Strength Index (RSI) near 60 suggests ongoing bullish bias rather than exhaustion.
XRP/USDT daily chartImmediate support lies at the 200-day EMA at $1.35, followed by a deeper demand zone around the 50-day EMA at $1.22 and the 100-day EMA at $1.22. With no clear overhead technical levels on the daily chart, price action around $1.36 acts as a near-term pivot. A sustained hold above this area would keep the bullish tone intact, while a daily close back below $1.35 would hint at a broader correction toward the EMA cluster in the low $1.22s.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
A new consortium of 21 global banks, led by Goldman Sachs and Japan’s MUFG Bank, has unveiled plans to develop its own U.S. dollar stablecoin, drawing significant attention from industry leaders. Emi Yoshikawa, a longtime fintech entrepreneur and former vice president of strategic initiatives at Ripple, reacted to the announcement by expressing a strong sense of “déjà vu,” noting that this is the precise trajectory she had anticipated for major banks and digital assets.
TradFi’s approach: control and isolationYoshikawa’s eight years at Ripple, where she helped shape the company’s institutional growth in Asia, inform her remarks. She highlighted a common pattern in traditional finance: after years of evaluating external blockchain solutions, leading banks ultimately prefer to create their own closed frameworks. By doing so, they maintain control over liquidity, compliance, and transaction fees, rather than integrating with established platforms such as the XRP Ledger from Ripple.
Yoshikawa emphasized that the largest banks repeatedly move toward systems they can fully oversee, rather than adopting open networks, reflecting consistent strategic priorities across the industry.
Goldman Sachs, one of the world’s largest financial institutions, is collaborating with Mitsubishi UFJ Financial Group (MUFG), Japan’s leading bank by assets, to spearhead this stablecoin initiative. The project is characteristic of a shift where top banks avoid third-party blockchain integration and build bespoke solutions for institutional needs.
Mini dictionary: MUFG Bank, or Mitsubishi UFJ Financial Group, is the largest banking institution in Japan and a major global financial services provider.
Japan’s dual-track stablecoin developmentThe news coincides with developments in Japan, where MUFG Bank is active in another ambitious digital asset project. By March 2027, MUFG, along with fellow megabanks SMBC and Mizuho, plans to launch interbank settlements using a yen-based stablecoin. This product, built on the Progmat platform originally developed within MUFG, could potentially enable controlled blockchain-based yen-to-dollar conversions for cross-border transactions.
As the only Asian participant in the U.S. dollar stablecoin initiative, MUFG’s involvement in both projects places it at the intersection of global and domestic stablecoin innovation.
Mini dictionary: Progmat is a blockchain-based platform established by MUFG to support digital assets and programmable money, helping banks issue and manage stablecoins in Japan.
Stablecoin competition and market segmentationThe bank consortium aims to serve internal settlements among member banks and large corporate clients, offering direct interbank payments and coordinated audits. However, this focus overlaps with use cases already targeted by established, regulated crypto-native stablecoins such as RLUSD from Ripple and USDC.
By September 2026, RLUSD’s market capitalization rose above $2 billion, with over $1 billion of the asset issued on the XRP Ledger. In June, Japanese financial authorities officially approved RLUSD trading on the SBI VC Trade exchange.
StablecoinIssuerTarget UsersMarket CapitalizationRegulatory StatusBanking consortium USD stablecoinGoldman Sachs, MUFG and partnersInterbank, large corporatesN/A (to be launched)Planned for 2027RLUSDRippleOpen fintech, retail, DeFi$2 billion (Sep 2026)Approved by JFSA (June)The overlap in objectives could drive market segmentation. Banking tokens concentrate on closed-loop, highly auditable transactions between consortium members, while regulated open-market stablecoins like RLUSD and USDC remain active in fintech, retail, and decentralized finance sectors, where fast and flexible implementation is important.
Yoshikawa noted that alliances with as many as 21 major participants often struggle to achieve timely consensus and effective governance, giving independent stablecoins a practical time advantage as the banking network works to finalize its rules for a 2027 launch.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
As of September 3, 2026, XRP experienced a strong rebound in August, briefly approaching $1.70 before retreating to around $1.36 with the rally mainly driven by continued accumulation by whales, inflows into spot XRP ETFs, and increased institutional investment demand.
Summary
XRP spot ETFs recorded $170 million in inflows over 11 consecutive days, with cumulative net inflows reaching about $1.57 billion by late August. Wallets holding between 1 million and 10 million XRP added roughly 380 million tokens, showing continued accumulation among large holders. XRP traded near $1.36 after briefly approaching $1.70 in August, with ETF flows and U.S. regulatory developments remaining in focus. UE Crypto offers cloud mining contracts promising fixed daily returns, including a plan advertising 1.58% daily income. On-chain data shows that wallets holding between 1 million and 10 million XRP recently increased their holdings by approximately 380 million XRP, indicating that some large investors continue to accumulate XRP. Meanwhile, as of late August, cumulative net inflows into spot XRP ETFs had reached approximately $1.57 billion, providing important capital support for the market.
Entering September, investors will continue to focus on developments in U.S. cryptocurrency regulation, ETF fund flows, and changes in whale holdings. These factors could become important drivers influencing XRP’s next phase of price performance.
Los Altos, California, September 3, 2026 (GLOBE NEWSWIRE) — XRP is currently trading at approximately $1.36 to $1.37, down from its recent high in late August. The adjustment is in line with the broader cryptocurrency market’s periodic volatility. Despite short-term price pressure, market analysts believe that XRP’s future performance will be influenced by multiple factors, including institutional capital flows, demand for spot ETFs, on-chain activity, and developments in U.S. cryptocurrency regulation.
Entering September, market attention has increasingly shifted toward the U.S. Senate’s upcoming September 15 vote on cloture for the CLARITY Act, which could become an important catalyst affecting short-term market sentiment surrounding XRP. At the same time, spot XRP ETFs continue to attract attention from institutional investors, indicating that institutional demand for exposure to the digital asset remains strong.
Therefore, despite XRP’s recent pullback and relatively high volatility, its future performance will depend on factors including regulatory expectations, ETF fund flows, market liquidity, and overall risk appetite. Investors are closely watching whether XRP can break through key resistance levels again and regain upward momentum in a new market cycle.
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Standard Chartered has become the first global systemically important bank (G-SIB) to offer Bitcoin (BTC) and Ethereum (ETH) spot trading services in the United Arab Emirates (UAE) for institutional clients, according to a Reuters report. The new service allows eligible institutional clients to conduct deliverable BTC and ETH spot trades via the bank’s existing electronic trading channels, with access to its foreign exchange interface for crypto asset transactions. This expansion builds on Standard Chartered’s digital asset custody operations: the lender launched digital asset custody services in the UAE in September 2024, and first rolled out BTC and ETH spot trading for institutional clients via its UK branch in July 2025. Clients may select custodians—including Standard Chartered’s own digital asset custody solution—for trade settlement.
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The cryptocurrency market broadly and subtly recovers on Thursday, led by Bitcoin’s (BTC) rise near $78,000. This follows persistent declines from the August peak near $81,500. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s neutral-to-bullish outlook, trending higher above $2,400 and $1.37, respectively.
Appetite for risk assets remains relatively elevated, as reflected in the Fear & Greed Index. Market sentiment rose to 65 in the Greed territory on Thursday, up marginally from 63 the previous day. Steady, positive market sentiment provides a much-needed tailwind to sustain price increases.
Crypto Fear & Greed Index | Source: AlternativeBitcoin attracts ETF inflows as Ethereum and XRP see outflowsBitcoin spot Exchange-Traded Funds (ETFs) saw inflows totaling $101 million on Wednesday. This followed $236 million in outflows recorded on Tuesday. Meanwhile, cumulative inflows edged up slightly to $54.71 billion, from $54.61 billion over the same period. Total assets under management average $97.22 billion.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs turned bearish on Wednesday, with outflows amounting to $48 million. The pullback comes after 12 straight days of inflows. Cumulative inflows currently stand at $13 billion, with net assets under management at $15 billion.
Ethereum ETF flows | Source: SoSoValueUS-listed spot XRP ETFs similarly saw outflows totaling $7 billion on Wednesday, breaking 11 consecutive days of inflows, according to SoSoValue. Cumulative inflows are holding steady at $1.68 billion, with net assets under management at $1.42 billion.
XRP ETF flows | Source: SoSoValueIf Ethereum and XRP continue to experience outflows, supply could weigh on price action, reducing the odds of sustained recovery. For now, positive market sentiment could cushion the tokens and prevent a sharp sell-off.
Technical analysis: Bitcoin rebounds as bulls returnBitcoin trades near $78,000, extending its advance well above the main Exponential Moving Averages (EMAs), which now underpin a bullish near-term bias and suggest a firmly supported trend after the recent breakout.
At the same time, the Relative Strength Index (RSI) at 67 shows strong but not yet overbought momentum. By contrast, the Moving Average Convergence Divergence (MACD) indicator prints in negative territory, suggesting bullish pressure remains strong but is losing steam after the sharp run-up.
BTC/USDT daily chartImmediate support is at the current pivot zone around $78,000, with a deeper corrective slide likely to target the 200-day EMA at $72,458 first. Below that, the 50-day EMA at $70,601 and the 100-day EMA at $69,406 form a broader demand cluster that should attract buyers on a more pronounced pullback while the broader trend remains constructive.
Altcoins technical outlook: Ethereum and XRP defend key support Ethereum trades at $2,404, holding a clear bullish bias as price consolidates well above the short-, medium- and long-term EMAs, all reinforcing a supportive underlying trend despite the latest pullback from recent highs.
Momentum remains constructive, with the RSI around 62, suggesting positive but not extreme buying pressure, while the MACD shows the line below its signal and retreating, hinting at a cooling phase rather than a full-fledged reversal.
ETH/USDT daily chartImmediate support lies at the current pivotal area around $2,400, followed by the 200-day EMA at $2,172, the 50-day EMA at $2,137 and the 100-day EMA at $2,060. As long as ETH holds above these clustered EMA supports, dips are likely to attract buying interest, keeping the broader path of least resistance pointed higher and leaving room for the pair to resume its advance once the current momentum consolidation runs its course.
As for XRP, the spot price hovers above $1.37 as bulls gain ground from support tested on Wednesday near $1.30. The pair also holds above major moving averages including the 50-day, 100-day and 200-day EMAs, which collectively suggest a constructive bullish bias in the near term.
The RSI near 60 hints at still-positive but moderated upside pressure after the recent overbought readings, while the MACD has slipped below its signal line and turned slightly negative, suggesting waning momentum rather than a full reversal at this stage.
XRP/USDT daily chartOn the downside, initial support is at the 200-day EMA around $1.35, with a deeper floor near the confluence of the 50-day and 100-day EMAs in the $1.22 region should a larger pullback unfold. With no nearby overhead indicator-defined resistance on the daily chart, price action around $1.37 itself functions as a short-term pivot, and a sustained hold above the 200-day EMA would keep the bullish bias intact, while a daily close below that level would open the door for a test of the mid-$1.20s support cluster.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
Bitcoin consolidated around the $77,000 mark on Thursday as investors balanced improving global risk sentiment against persistent uncertainty around US interest rates. The cryptocurrency was trading at the $77,863 mark.
In the past 24 hours, Bitcoin was up 1.08% and Ethereum was up 0.14% to trade at the $2,404 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gained up to 6.50%.
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Vikram Subburaj, CEO of Giottus, said the market remains in consolidation and the latest on-chain picture is mixed. Bitcoin's August rally stalled below substantial long-term-holder supply between $83,000 and $86,000.
Attention now turns to Friday's US employment report, where economists expect around 56,000 new jobs, with unemployment at 4.1%, Subburaj further said.
The global crypto market capitalisation went up 0.59% to $2.63 trillion, according to CoinMarketCap. The crypto fear and greed index is at 63, which suggests the market sentiment remains greedy, said the CoinDCX Research Team.
Avinash Shekhar, Co-Founder & CEO, Pi42, said Bitcoin is attempting to establish a firmer base around the $77,700 level, while Ethereum, near $2,400, continues to track the broader market direction.
He further said that At this stage, investors may benefit from focusing on confirmation rather than chasing sudden price moves. Gradual accumulation at defined levels, along with close attention to trading volumes and Bitcoin’s ability to sustain higher levels, could offer a more measured approach.
In the past week, Bitcoin and Ethereum were down 2.51% and 5.06%, respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano corrected up to 6.48%.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin and Ethereum are attempting a recovery after the recent risk-off move, but crypto remains under pressure from geopolitical tensions and inflation concerns.
BTC needs $78,400 and ETH $2,425 to improve short-term momentum. Until then, resistance rejections and support breaks remain key risks, Sehgal further said.
Also Read |HUDCO shares jump 4% after signing Rs 25,000 crore MoU with Bihar government for infrastructure development
Here is what other experts say
Nischal Shetty, Founder, WazirX: Reclaiming resistance could strengthen buyer control, whereas losing support may expose the secondary $74,500-$75,000 zone. Momentum remains conditional on sustained participation above nearby moving averages during coming sessions.
Prateek Gupta, Head of Business, Mudrex: Bitcoin remains near $77,000 as higher global bond yields rise to their strongest levels since the 2008 financial crisis, keeping risk assets under pressure. Rising yields have weighed on Asian equities and strengthened the yen, reviving concerns over a carry-trade unwind that has previously triggered Bitcoin selloffs.
CoinSwitch Markets Desk: BTC slipped below $77K after U.S. military strikes on Iran pushed oil prices higher and increased caution across global markets. Attention now shifts to Friday’s U.S. jobs report, which could be the key macro trigger for BTC this week.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Standard Chartered has activated institutional Bitcoin and Ether spot trading in the UAE through its DIFC entity, making it the first global systemically important bank (G-SIB) to offer this capability in the region.
The move extends the bank’s UK spot-trading desk, launched in July 2025, into one of the world’s fastest-growing institutional crypto markets.
For Gulf-based allocators, family offices, and asset managers, this is a meaningful shift. It means executing on BTC and ETH no longer requires opening a separate crypto venue. The bank you already use for FX now runs the trade.
What Standard Chartered Is Actually Offering, and How It Works The product is institutional Bitcoin and Ether spot trading, deliverable, not cash-settled. Eligible clients access it through Standard Chartered DIFC’s electronic trading channels, using the same FX-style interfaces they already operate on.
Settlement can go to any custodian the client chooses. That includes Standard Chartered’s own UAE digital-asset custody solution, which the bank launched in September 2024.
This means the operational loop is now complete inside one institution. Clients can mint and redeem USDC through the same DIFC platform, hold BTC or ETH in bank-grade custody, and execute spot trades, all without touching a pure-crypto venue.
That is precisely how institutional flow scales beyond early adopters.
Rola Abu Manneh, CEO for UAE, Middle East and Pakistan at Standard Chartered, stated that extending Bitcoin and Ether spot trading capability to institutional clients is a significant step in broadening the bank’s regulated digital asset proposition.
She added that combining execution with custody and global bank connectivity gives clients a more integrated path into digital asset markets.
Christopher Parsons, Senior Executive Officer at Standard Chartered DIFC, noted that DIFC provides a regulated platform for deploying global capabilities.
He said the UAE launch demonstrates that model, pairing Standard Chartered’s global markets expertise with a regulated regional base.
Why the UAE Is the Right Second Market, and What It Means for the Region Standard Chartered has been assembling a full-stack digital-asset offering in the Gulf for over a year. The DIFC spot-trading desk is the execution layer that was missing.
The bank already runs UAE custody, USDC mint-and-redeem rails, and, as CoinGape reported, plans for institutional crypto prime brokerage. That stack now has a buy-and-sell button on top.
The UAE context makes the timing logical. The country has built a state-linked Bitcoin reserve, becoming one of the few sovereigns with direct BTC exposure.
Large Gulf allocators, including Mubadala, have increased holdings in BlackRock’s Bitcoin ETF, signalling that institutional appetite in the region is real and growing.
The regulatory environment has followed. DFSA, ADGM, and VARA have all moved to attract institutional players.
Bitcoin Suisse recently secured an Abu Dhabi FSRA license for institutional crypto services.
BitGo expanded its electronic crypto trading into MENA. Standard Chartered’s edge over both is the bank balance sheet, the DIFC entity, and the existing FX interface, not the coin count.
For European comparison, Standard Chartered also secured a MiCA licence to strengthen its digital asset strategy in Europe.
The UAE launch makes clear that the bank is building a multi-jurisdictional institutional digital-asset network, not running a single-market pilot.
Settlement for clients who prefer a familiar custody rail can go through Standard Chartered-backed Zodia Custody’s institutional wallet infrastructure.
That gives the desk a regulated, bank-adjacent settlement option alongside independent custodians.
Two caveats are worth noting for investors. First, this is an eligible-client-only product, not a retail offering.
Second, Basel crypto risk weights remain punishing for balance-sheet warehousing, so the bank is acting as an execution gateway, not a principal market-maker.
Liquidity will still sit with crypto market-makers behind the FX wrapper. But for institutions that have been waiting for a G-SIB to open the door, the door is now open.
From on-chain data to charting, explore these free crypto tools every investor should know.
Stolen Bitcoin from the third wave of the Coldcard wallet attacks has begun leaving the hacker’s original addresses, with part of the holdings being swapped into Ethereum through THORChain.
The movement is the first recorded departure of funds from the original attacker addresses across any of the three waves, according to Alex Thorn, Galaxy’s head of research. Thorn said Wednesday that the third-wave attacker had moved about 10% of the stolen holdings, leaving roughly 90% untouched.
Several attempts to convert the assets have not gone through as intended. Thorn said the attacker’s swap attempts through THORChain had repeatedly resulted in refunds, prompting further attempts.
Researchers following the activity on-chain were able to trace the transfers beyond THORChain to a fresh Ethereum address. Thorn said the address had been passed to relevant authorities and crypto companies. He also said the attacker’s next step remained uncertain, including whether the assets would be moved again to make them harder to follow or transferred to an exchange.
Coldcard Attackers Remain Active The latest transfers follow a broader Coldcard exploit that Galaxy Research has linked to the loss of at least 1,789 Bitcoin across 8,865 addresses. Those assets were valued at approximately $114.7 million when they were stolen.
Blockchain security company CertiK had also reported activity involving funds associated with the exploit in August, when 64 Bitcoin and 200 Ether were sent to cryptocurrency mixers, including Tornado Cash.
The latest movement comes days after Thorn reported further evidence that the Coldcard attackers remained active. A deliberately weakened wallet set up by a researcher was swept on Aug. 28. The wallet was designed to determine whether the attackers could locate vulnerable keys.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Kraken raised the maximum leverage available on ETH/USD spot margin positions to 20x on September 2, extending the ceiling for eligible Kraken Pro traders in selected markets. In its product announcement, the exchange stressed that the change applies only to ETH/USD margin and does not extend to futures or other trading pairs.
The Change Is Limited to ETH/USD Margin The update increases the leverage limit without introducing a new account type or a separate trading interface. Kraken said eligible users will find the expanded range in the existing ETH/USD margin flow on Kraken Pro. Availability is jurisdiction-dependent, and traders must check the app to determine whether their account and market qualify.
That narrow scope is important. Kraken described the product as spot margin offered by Payward Trading Ltd in the British Virgin Islands, not as a futures contract. The exchange did not announce matching leverage increases for Bitcoin, other crypto assets or its derivatives products.
Fees and Risk Controls Stay the Same According to Kraken, the margin engine, order flow and account structure are unchanged. The exchange also said margin fees have not changed. Existing displays and controls—including liquidation price, margin ratio, take-profit orders and stop-loss orders—continue to work as they did before the higher ceiling became available.
Those tools can help traders define exits, but they do not remove market or liquidation risk. BlockchainReporter’s guide to using stop-loss orders in crypto explains why an order level and actual execution price can differ in fast markets.
Kraken Frames 20x as Capital Efficiency Kraken said the higher limit can let a trader open the same-sized ETH/USD position with less capital committed, or take a larger position using the same allocation. However, the company characterized the new ceiling as an optional tool rather than a target and said usage should depend on each trader’s strategy and risk tolerance.
The announcement included no volume forecast, adoption target or estimate of how many customers will qualify. It also did not identify the excluded markets, leaving account-level eligibility as the practical boundary for the rollout.
Higher Leverage Raises Loss Exposure The exchange warned that leverage increases both potential gains and losses and that margin users can lose more than their initial investment. Raising the maximum does not change how Kraken measures or manages a position; it changes how much exposure an eligible trader can take through the same margin system.
For now, the confirmed development is a product-setting change for one pair in selected jurisdictions. Traders who do not see 20x in Kraken Pro are not covered by the rollout at this stage, regardless of the global announcement.
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Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Hargreaves Lansdown, one of the UK’s largest retail investment platforms, is making Bitcoin and Ether exchange-traded notes (ETNs) available to its 2 million UK investors, ending its status as the largest retail investment platform to hold back from offering crypto products.
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Nine ETNs from six issuers, including BlackRock’s iShares, WisdomTree and 21Shares, are now listed on the platform, with annual fees ranging from zero to 0.35%. The products will be available through Hargreaves’ Advanced Investing service and are subject to additional investor safeguards.
The move comes after the FCA lifted its ban on retail access to crypto ETNs in October 2025.
Despite the regulatory change, adoption has remained relatively modest, with industry participants citing limited access through tax-advantaged accounts and the need for greater investor education.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Usually, the month of September is a risky period for crypto investments. Historically, Bitcoin shows its weakest monthly performance during this period, while central bank decisions can intensify volatility. This year’s context adds many uncertainties, including a probable rate hike in the United States. Despite these threats, three cryptos still have strong arguments to get through the month. These are Bitcoin, Ethereum, and Solana.
In brief September remains historically unfavorable for the crypto market, with volatility reinforced by monetary uncertainties. Bitcoin appears as the most defensive choice, thanks to its liquidity, dominance, and potential ETF support. Ethereum maintains a strong position in tokenized finance, driven by stablecoins, RWAs, and flows toward ETFs. Solana presents a more offensive profile, supported by its on-chain activity, but with a higher correction risk. The Fed’s decision and flows to ETFs will be decisive for the trajectory of these three cryptos in September. September combines unfavorable seasonality and monetary risk Bitcoin has conceded an average loss of about 3% during the month of September since 2013. Only five positive closes have been recorded over this period. This seasonality earned it the nickname “Rektember”, a combination of September and the expression “rekt”, related to heavy losses in the crypto industry.
The macroeconomic situation reinforces this caution this year. Markets assign over a 60% probability to a Federal Reserve rate hike on September 16. Conflicts in the Middle East also support oil and inflation expectations. Justin Onuekwusi of St. James’s Place stated :
The way the Fed communicates will be important, as it affects its credibility and global rates.
In this context, the three assets do not present the same level of risk :
Bitcoin is the most defensive choice thanks to its liquidity and market dominance ; Ethereum offers an intermediate profile supported by staking, stablecoins, and tokenization; Solana offers greater offensive potential but remains more exposed to corrections. No positive performance is guaranteed by this selection. It simply favors cryptos that have significant liquidity and identifiable economic activity.
Bitcoin remains the most defensive choice in the crypto market Bitcoin remains the most valued and most liquid asset in the crypto market. These features facilitate operations and usually limit the magnitude of movements compared to less significant altcoins. Such characteristics do not eliminate the risk of correction, especially after the 25% rise recorded in August.
ETFs also represent an indicator to watch. These American products attracted nearly 2.5 billion dollars in seven sessions by the end of August, according to available data. Continued inflows would support BTC. Large outflows could, on the contrary, amplify selling pressure.
Thus, Bitcoin constitutes the most cautious profile among the three cryptos selected. Its progression will depend mainly on the Fed’s decision, bond yields, and its ability to sustainably reclaim 80,000 dollars.
Ethereum maintains its lead in tokenized finance Ethereum benefits from activity less dependent on speculative transactions alone. The blockchain hosts about 148 billion dollars of stablecoins, nearly 49% of the supply distributed across various networks, according to DefiLlama,
Its position is also apparent in the tokenization of real-world assets. Ethereum currently hosts 17.57 billion dollars of distributed RWAs and 159.71 billion dollars of stablecoins according to RWA.xyz. These sums strengthen its role as a financial infrastructure, even if the price of ether is undergoing a correction.
Ethereum ETFs also recorded ten sessions of net inflows up to August 28. Their cumulative flows then approach 12.98 billion dollars. This demand provides potential support, however, the token remains more volatile than Bitcoin. The competition from other blockchains and the decline in fee-based income also represent two risks.
Solana offers more potential, but also more volatility Solana offers the most offensive profile in this selection. The network combines low fees, fast execution, and significant activity in decentralized exchanges, stablecoins, and tokenized assets.
Its stablecoin supply exceeded 16 billion dollars in May. Solana ETFs also total nearly 1.13 billion dollars in assets, according to the Solana Foundation. The blockchain processed 1,900 billion dollars in stablecoin transactions during the first half, according to 21Shares.
Solana remains more sensitive to liquidity withdrawals and rapid sell-offs. It is better suited for dynamic exposure than a defensive position. During September, fractional acquisitions could reduce the risk of entering right before a correction. The Federal Reserve decision and flows to ETFs will then help determine if Bitcoin, Ethereum, and Solana can truly withstand their unfavorable seasonality.
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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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Standard Chartered has expanded its regulated digital asset business in the United Arab Emirates (UAE) with spot Bitcoin and Ethereum trading for institutional clients, adding the service to a regional crypto offering that already includes custody.
The London-headquartered bank introduced digital asset custody in the UAE in September 2024. In June 2026, it followed with a banking agreement allowing CoinMENA to use Standard Chartered for fiat on- and off-ramps, client money accounts and transaction management through virtual accounts.
The bank is providing the new service through Standard Chartered DIFC, an entity regulated by the Dubai Financial Services Authority (DFSA).
Institutional Clients Gain Spot Crypto Access Eligible institutions can access spot Bitcoin (BTC) and Ethereum (ETH) trading through electronic trading channels integrated into Standard Chartered’s existing platforms.
Standard Chartered said Thursday that it is the first Global Systemically Important Bank (G-SIB) to offer the capability in the UAE and the only global bank currently providing institutional digital asset spot trading in the region.
Other Platforms Seek UAE Crypto Approvals The launch comes amid broader efforts by cryptocurrency and trading businesses to secure regulatory authorization for digital asset products in the UAE.
Capital.com disclosed plans in August to provide spot crypto services to UAE clients after its affiliate, Capital Vault UAE, obtained a virtual-asset licence from the country’s Capital Market Authority (CMA).
Revolut also moved to expand its crypto services in July, when the neobank received in-principle approval from Dubai’s Virtual Assets Regulatory Authority to provide crypto-related services in the UAE.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Standard Chartered will now hand institutional clients real Bitcoin (BTC) and Ether (ETH) in the United Arab Emirates. Those clients receive the coins themselves, not a derivative that only tracks the price.
The bank announced the desk on Thursday through its Dubai arm. Only 29 lenders worldwide carry the too big to fail label. Just one of them now delivers coins.
Standard Chartered’s Bitcoin Desk Sits Inside a Too Big to Fail BankThe Financial Stability Board names those 29 banks every year. Its 2025 list puts Standard Chartered in the lowest risk bucket, carrying a 1% capital surcharge.
JPMorgan sits three tiers above it. Citigroup and HSBC sit two. Standard Chartered says no rival G-SIB offers the same deliverable spot service.
The smallest of the systemic banks moved first, not the biggest. Deliverable may be the key word here, seeing as the client ends up holding Bitcoin. This means someone at the bank must move real coins and guard them.
The appeal is the fee stream. The bank earns on the spread, the settlement and the custody, rather than losing that revenue to crypto exchanges.
Why Dubai Got This Before New YorkStandard Chartered built the Dubai stack in pieces. Custody came first, in September 2024, with hedge fund Brevan Howard Digital as its opening client.
Spot trading followed in London in July 2025. The bank then added USDC minting there in July 2026. Execution was the last gap.
Every step cleared the Dubai Financial Services Authority. All four launches happened in Dubai or London, never in the United States.
Rivals, meanwhile, are behind. Citi is still readying bitcoin custody, a service Standard Chartered has run for two years.
Banks are not chasing a rally. They are building while the price is low, for clients rich enough to qualify. Retail is nowhere on that list.
Ethereum price recovered above $2,400 on Sept. 3 after falling to $2,370, but weakening short-term momentum and nearby liquidation clusters leave the breakout vulnerable.
Summary
Ethereum price recovered to about $2,408 after falling as low as $2,370 during the daily session. The 4-hour RSI stands at 43.86, while ETH remains below the Bollinger Bands’ $2,430 midpoint. Positive daily CMF and a bullish moving-average crossover show that the wider recovery remains intact. A daily or weekly close below $2,350 could expose the $2,200 support zone. According to data from crypto.news, Ethereum (ETH) price traded around $2,408 at the time of writing, up 0.66% during the current daily session after opening near $2,392. The token moved between an intraday low of $2,370 and a high of $2,419.
The rebound returned ETH above the closely watched $2,400 level, but the token remains below the $2,438 Fibonacci retracement area and the $2,500–$2,550 resistance zone. Sellers have repeatedly defended the upper region since Ethereum’s late-August rally stalled near $2,550.
Wider risk sentiment also remains fragile. Renewed fighting between the United States and Iran pushed Brent crude to a six-week high of $97.39 on Sept. 3, according to Reuters, raising concerns that higher energy costs could keep inflation elevated.
Markets are also preparing for the Federal Reserve’s Sept. 16 decision. Rate expectations have shifted rapidly, with prediction market Kalshi placing the probability of a 25-basis-point increase at 53% at the time of writing. A rate increase would raise the relative appeal of yield-bearing assets and could pressure cryptocurrencies and other risk assets.
Ethereum price loses short-term momentum The 4-hour chart shows that Ethereum has started forming lower highs after its late-August advance. ETH currently trades below the Bollinger Bands’ middle line at $2,429.79, which acts as the first short-term resistance.
Ethereum price 4-hour chart — Sep. 3 | Source: crypto.news The upper Bollinger Band sits at $2,493.27, placing it near the lower edge of the wider $2,500–$2,550 supply zone. A 4-hour close above the midpoint could allow ETH to retest that resistance, while a break through the upper band would strengthen the case for another move toward $2,550.
Momentum has not yet supported that outcome. The 4-hour relative strength index stands at 43.86, below the neutral 50 level. Its signal average is lower at 41.48, showing a small recovery in momentum but no clear bullish reversal.
The lower Bollinger Band at $2,366.32 closely matches the session low and provides the nearest technical support. Losing that line would put $2,350 in focus, followed by the breakout region around $2,200.
Daily Ethereum chart retains its bullish structure Ethereum’s daily structure remains stronger than its 4-hour setup. ETH continues to trade well above its 50-day simple moving average at $2,064.47 and its 200-day average at $2,031.85.
Ethereum price daily chart — Sep. 3 | Source: crypto.news The 50-day average has also moved above the 200-day line, forming a bullish crossover. Such a crossover indicates that medium-term price momentum has improved relative to Ethereum’s longer-term trend, although it does not prevent a short-term correction.
Chaikin Money Flow supports the wider bullish structure. The indicator stands at 0.22, showing that buying pressure has remained stronger than selling pressure during the measured period. However, CMF has flattened after rising sharply during the August breakout, suggesting that capital inflows are no longer accelerating.
Crypto trader Daan Crypto Trades identified $2,400 as the key level separating a normal breakout retest from a deeper reversal. According to the analyst, a failure to hold the zone would send ETH back into its previous range and weaken the recent breakout structure.
Ted Pillows placed the next downside trigger slightly lower. The analyst said a weekly close below $2,350 could open the path toward $2,200, while resistance remains concentrated around $2,540 and $2,800.
$ETH is back above $2,400.
ETF inflows have turned negative, which indicates weakening demand.
If sellers are able to manage a weekly close below the $2,350 level, Ethereum could dump to $2,200. pic.twitter.com/239lAFnWdy
— Ted (@TedPillows) September 3, 2026 ETH liquidation map shows pressure on both sides CoinGlass’ one-week Ethereum liquidation heatmap shows leveraged positions accumulating immediately above and below the current price.
Ethereum liquidation heatmap | Source: CoinGlass The closest large downside cluster appears around $2,350–$2,360. A move into that area could liquidate leveraged long positions, adding forced selling and increasing the risk of a brief drop below support.
Liquidity has also gathered around $2,430–$2,450, creating a nearby target if buyers hold $2,400. A move through that range could force short traders to close positions and help accelerate a rebound toward $2,500.
The largest visible liquidation concentration sits much higher, around $2,535–$2,550. That cluster overlaps with Ethereum’s recent price peak and the resistance cited by analysts, making it the main upside target if ETH regains momentum.
Liquidation heatmaps show where leveraged positions may face pressure, but they do not guarantee that price will reach those levels. New positions and closed trades can also change the size of each cluster over time.
Can Ethereum price hold above $2,400? Ethereum needs a daily close above $2,400 and a move through the 4-hour Bollinger midpoint at $2,430 to stabilize its short-term structure. Reclaiming $2,450 would shift attention toward $2,493 and the heavier resistance between $2,500 and $2,550.
Failure to hold $2,400 would return focus to the lower Bollinger Band near $2,366. A decisive close below $2,350 would weaken the August breakout and could expose $2,200, where the previous consolidation range and technical support converge.
The daily moving averages and positive CMF still favor the broader recovery, but the 4-hour chart shows that sellers retain control of short-term momentum. Ethereum therefore remains at a decision point, with $2,350–$2,400 serving as support and $2,430–$2,550 forming the main recovery barrier.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP price moved higher Thursday as crypto sentiment encouraged traders to target a breakout above $1.40. The broad crypto market rose by 1.67% in 24 hours and its total capitalization is now at $2.63 trillion.
Bitcoin price regained $78,000, as ETF inflows resumed, and Ethereum recovered after support at $2,400. Market pressure was alleviated with liquidations declining by 69% forced selling was diminished in major assets. The Fear and Greed Index has risen to 72, which indicates that market participants have become optimistic again.
SEC Chair Paul Atkins Expects Senate to Advance CLARITY Act SEC Chair Paul Atkins said he expects and hopes the Senate will advance the CLARITY Act. There will be a cloture vote on September 15 that it takes 60 senators to vote in favor of further debate. Approval would move the cryptocurrency market structure bill closer to President Donald Trump’s desk.
Atkins described the legislation as significant to the American cryptocurrency policy on Fox Business Wednesday. He claimed that more explicit regulations would stimulate a domestic operation of companies under the United States law. The action would support the goal of President Trump to transform America into a top digital asset hub.
Atkins mentioned that SEC is working on its own proposal of cryptocurrency to supplement the legislation. The comments on the framework of the agency are open to the public.
💥HUGE: 🇺🇸 The SEC Chair, Paul Atkins, announced that the US Senate will hold a VOTE on the Crypto CLARITY Act on September 15.
The chairman also mentioned that regulators had the potential to take action using the current securities laws in the event that the bill is not passed by Congress. But he said that laws would offer a more sustainable basis of market regulation and entrepreneurship.
Advancements in Washington may favor the price of XRP sentiment since regulatory transparency is vital to securities debate asset. Any prolonged movement towards more than $1.40 might reinforce the short-term momentum, and softer sentiment might postpone the breakout.
Ripple Price Analysis As of the report, the XRP price traded at $1.3817 after gaining 3% over four hours.
The XRP price regained its position at $1.33 and headed to the immediate resistance at $1.40. This was a reversal after a few consolidation periods above the mark of $1.30.
The Relative Strength Index climbed to 54; this indicates improving momentum without overbought conditions.
The histogram of MACD became positive at 0.0044. Meanwhile, the line of MACD had crossed the signal line.
Both MACD lines remain below zero despite the bullish crossover. Thus, XRP might need to have a more intense demand to sustain the recovery.
XRP Price Targets $1.40 and $1.50 An approved break past the $1.40 level would reveal the next big target at the $1.50 level. That was the level that constrained the growth of XRP price in the past.
Source: TradingView Falling below $1.50 may lead to a breakthrough at $1.60. The extended bullish target would be the previous high of the swing of $1.68.
On the downside, the first significant support is at $1.33. Further pullback may challenge the consolidation floor at large around $1.30.
Inability to hold onto $1.30 could result in a shift of focus to $1.20. This would be a setback to the existing recovery framework.
Fed Mouthpiece: Governor Waller shifts stance, now cautiously optimistic about holding interest rates steady
Wall Street Journal reporter Nick Timiraos, known as the "Fed’s mouthpiece", says Fed Governor Christopher Waller’s overall stance has not fundamentally changed since July, but his policy tilt has shifted: from concerns and a bias toward tightening monetary policy back then, to cautious optimism and a preference for keeping interest rates unchanged now. The final decision will depend on August’s inflation data. Waller’s reaction path for the September 15-16 policy meeting is clear: if inflation continues moving toward the 2% target, he will hold rates steady; if August’s inflation figures come in higher, he will consider a rate hike.
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Bonk Guy holds $2.52 million worth of USELESS, with an unrealized profit of $1.68 million.
According to Lookonchain's monitoring, five months ago, when Solana ecosystem meme coin USELESS’s market cap dropped to $30 million, well-known crypto KOL "Bonk Guy" began using a dollar-cost averaging strategy to buy the token. Over the past month, Bonk Guy has continued purchasing USELESS, and now holds 15.9 million tokens worth $2.52 million, with an unrealized profit of $1.68 million. Per GMGN data, USELESS, the Solana meme coin, rose over 50% in 24 hours, pushing its market cap above $150 million. On September 1, Bonk Guy said his bullishness on USELESS is even stronger than when he traded BONK in 2023, noting that USELESS previously surged from a $4 million market cap to $450 million in a non-bull market, and could see even larger gains if it experiences a real bull market for the first time. After Bonk Guy’s bullish call on September 1, USELESS jumped over 50% that day, breaking through the $100 million market cap mark. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and require cautious investment.
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According to GMGN market data, the meme stock coin FATCOIN on Robinhood Chain has hit a new all-time high, with its market cap exceeding $3.8 million, a 66% 24-hour gain, and a 24-hour trading volume of $3.5 million. FATCOIN (nicknamed "Fat Coin") is paired with tokenized shares of Eli Lilly (LLY), the leading U.S. weight-loss drug developer. BlockBeats Note: Stock Meme is an emerging concept that merges traditional meme coins with tokenized U.S. stocks. Unlike typical meme coins paired with USDT or ETH, these tokens form trading pairs directly with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This approach retains meme coins’ high volatility and community-driven speculative traits while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, creating a dual-driven model of "sentiment speculation + real asset anchoring". Note: Prices are highly volatile; invest with caution.
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AI company Humain plans to launch a $2.5 billion fund focused on data center investments.
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Fed's Waller: Whether to raise interest rates in September will hinge heavily on next week's August CPI
Fed Governor Waller shifted from potentially supporting interest rate hikes to adopting a dovish stance after his remarks. The labor market is in good shape, and he expects the August jobs report to sustain this trend. Three-month core inflation has shown "significant improvement" at an "encouraging pace". Headline and core PCE are not the best indicators for judging inflation trends. Pending revisions by the U.S. Commerce Department to estimates of non-market prices could lower the 12-month PCE by a few tenths of a percentage point. Waller noted that the next interest rate decision will "largely depend" on the August inflation data set to be released next week. "If we continue to make progress toward the 2% target, I am willing to support keeping the policy rate at its current level. But if inflation data comes in higher than expected, I will consider a rate hike. An acceleration in inflation may not prompt me to support policy tightening. If there is evidence in August that the momentum of inflation moving toward the 2% target has reversed, a small adjustment to our policy stance will help ensure inflation returns to target."
