UniCredit zvažuje vstup do krypta: hledá technologického partnera pro custody a brokerage digitálních aktiv. Banka už dříve nabídla klientům bitcoinový certifikát a tokenizovaný minibond.
UniCredit has already tested the market through a Bitcoin-linked certificate and Italy’s first public-blockchain tokenized minibond
UniCredit is exploring an expansion into digital assets that would add crypto custody and brokerage, and has started selecting a technology provider to hold the assets and handle client transactions, Bloomberg reported, citing people familiar with the matter.
As per the report, the discussions are early, and no final decision has been made. Areas under consideration include custody and brokerage, tokenized investment products and fixed-income securities, and stablecoin applications for clients. UniCredit has not disclosed which providers it is weighing, how much it might spend, or when it would choose one.
Any crypto services would fall under the EU’s Markets in Crypto-Assets regulation, whose grace period ended on July 1. MiCA requires crypto-asset service providers to hold a license and lets authorized firms passport custody and trading across the 30-country European Economic Area.
Building on Earlier Crypto Moves Selecting an outside technology provider is the path other large banks have taken into crypto custody. Deutsche Bank tapped Swiss firm Taurus for digital asset custody and tokenization after what the vendor called a detailed selection and due diligence process.
UniCredit has already put crypto products in front of clients. The bank opened a five-year, dollar-denominated certificate linked to BlackRock’s iShares Bitcoin Trust (IBIT) to professional clients in July 2025, with full capital protection at maturity, a cap of 85% on returns and a $25,000 minimum. It was the first product of its kind in Italy.
In December 2025, UniCredit and state lender Cassa Depositi e Prestiti structured Italy’s first tokenized minibond on a public blockchain, a €5 million issue for E4 Computer Engineering recorded on Polygon.
UniCredit also belongs to Qivalis, an Amsterdam consortium that has grown to 37 European banks across 15 countries and plans to launch a MiCA-compliant euro stablecoin on Ethereum in the second half of 2026. The token would be backed one-for-one by euro deposits, subject to approval from the Dutch central bank.
You may also like: Ethena Expands Ecosystem With Launch of Self-Custodial Money App Circle Puts USDC on the Front of Chelsea’s Shirts in Principal Partnership Gemini Signs Apex Letter of Intent to Bring Crypto Event Contracts to Brokerages Banks Push Into Digital Assets Other large lenders have already started selling crypto to clients. BBVA began offering Bitcoin (BTC) trading and custody to private banking clients in Switzerland, and Israel’s Bank Leumi lined up Galaxy to run trading and custody for a 2027 launch covering Bitcoin, Ethereum (ETH) and Solana (SOL).
UniCredit is also expanding in digital markets beyond crypto. On September 8, it bought a minority stake in VC Trade, a Frankfurt platform that digitizes bond and loan deals. The platform sits in debt markets, separate from the crypto plans, and has handled more than €90 billion across over 600 transactions.
Strategy vydala 21stránkového průvodce pro institucionální investory, který zdůrazňuje volatilitu Bitcoinu a jeho dlouhé drawdowny místo cenových cílů. Firma zároveň přiznává, že má finanční zájem na vyšší ceně BTC.
Summary Strategy published a Bitcoin Investor Guide built for advisers, bankers and capital allocators. The document foregrounds volatility and drawdowns instead of aggressive price targets. Its digital capital architecture closely tracks Strategy’s own stack of listed securities. The release follows Strategy’s first-ever Bitcoin sales and a heavy loss earlier this year. Michael Saylor’s Strategy has released a 21-page Bitcoin Investor Guide that repositions the asset for a professional audience, using market data current to September 4 and a revision date of September 7. The framing is deliberately institutional. Rather than repeating the seven-figure price forecasts Saylor is known for on X, the guide walks bankers, advisers and treasurers through scarcity mechanics, custody governance, portfolio sizing and a long list of ways an investor can be right about Bitcoin and still lose money. It arrives at an awkward moment for its author, with Bitcoin trading back under $80,000 after spending much of the past ten months in a bear market.
Bitcoin is an open, global reserve asset with absolute scarcity. The Investor Guide explores Bitcoin’s monetary properties, investment case, market structure, portfolio role, custody and risks. $BTChttps://t.co/MAt57RCG8y
— Michael Saylor (@saylor) September 12, 2026
Saylor’s guide opens on an 83% crash, not a price target The tone is the story here. Strategy’s own dashboard, reproduced in the guide, shows Bitcoin down 28.3% over the trailing year and sitting 36.1% below its all-time high. The guide states plainly that Bitcoin has repeatedly fallen between 50% and 90% and can stay below prior peaks for years. It lists the deepest drawdown in the dataset at 93.1%, recorded back in 2011. This is not the messaging that built Strategy’s retail following, and the shift is intentional. The audience Strategy now wants to reach measures risk before it measures upside.
Strategy dashboard metric As of Sep 4, 2026 Bitcoin price $79,809 200-week moving average $64,715 Premium to 200-week average 23.3% 1-year return -28.3% 10-year annualized return 62.8% Market capitalization ~$1.60T Bitcoin dominance 66% ETF bitcoin held 1.27M BTC Network hashrate 935 EH/s Implied volatility 39.6% Source: Strategy Bitcoin Investor Guide, market data as of September 4, 2026.
The 200-week moving average deserves a plain reading, because Strategy leans on it. That line is simply the average price over the last 200 weeks, and Bitcoin currently trades about 23% above it. Investors treat it as a long-term trend marker, and the guide is careful to say it is a backward-looking reference that can be broken, not a floor under the price. On shorter timeframes the picture is softer. Bitcoin slipped below $80,000 in the second week of September and now sits roughly 8% above its 200-day exponential moving average near $72,823, a level traders watch as near-term support. Worth saying: an 8% cushion above the 200-day line is not much room in an asset that routinely moves that in a session, which is the discomfort Strategy’s long-horizon framing is built to talk investors through.
Share of Bitcoin holding periods that ended in profit, one to four years. Source: Strategy Bitcoin Investor Guide. The digital capital pyramid is Strategy’s own product menu The guide’s central original idea is a layered model it calls digital capital. Bitcoin sits at the base as a reserve asset, and on top of it Strategy stacks digital equity, digital credit, digital debt, derivatives and, eventually, digital money. Each layer repackages Bitcoin’s volatility for a different investor: equity holders take residual upside, preferred holders take a stiffer claim with less appreciation, note holders take contractual interest, and so on. The framing is elegant, and it is not neutral. That stack maps almost one for one onto the securities Strategy itself has issued, including its MSTR common shares and its STRF, STRK, STRC and STRD preferred instruments. What reads as a market taxonomy also functions as a rationale for the company’s entire capital structure.
Strategy discloses the conflict directly, noting that it holds a large amount of Bitcoin and issues securities whose value depends on it, giving it an economic interest in higher prices. That disclosure is worth taking at face value while also reading the guide for what it is: an educational document produced by the single most exposed corporate holder in the market.
Four years is the number that does the selling The behavioral core of the guide is a table of rolling holding-period returns stretching back to 2010. It is the part most likely to move an allocator, and it works by contrast. Over any one-year window in the data, the worst outcome was a loss of 83.6%. Extend the window to four years, roughly one halving cycle, and the worst completed outcome in the entire history was still a gain of 32.6%.
Holding period Median return Worst return 1 year +97.7% -83.6% 2 years +272.2% -68.3% 3 years +481.7% -34.7% 4 years +1,301.7% +32.6% Source: Strategy Bitcoin Investor Guide, rolling daily windows through September 4, 2026.
Strategy adds the caveats a careful reader would demand. The windows overlap, the early data is thin and fragmentary, the sample is short, and none of these figures are probabilities of what comes next. The guide even names the conditions under which it would expect an investor to sell, including a sustained loss of settlement reliability, erosion of the scarcity premise, or evidence that adoption has stalled below the assumed valuation. A promotional document that hands you its own exit criteria is doing something more unusual than cheerleading.
Bitcoin’s 2010-2026 price against its 200-week moving average. Source: Strategy Bitcoin Investor Guide. What the guide leaves out about Strategy’s own year The context Strategy does not dwell on is its own recent year. Saylor spent five years promising never to sell, then reversed that position in May, when the company executed its first Bitcoin liquidation. In the two weeks ending August 9 it sold 3,328 BTC for roughly $213 million, using the proceeds to help fund dividends on its preferred shares rather than to buy more Bitcoin. The stock has been punished for the strain, with MSTR down more than 50% over the past year, and Strategy reported a $12.5 billion loss in the first quarter alone. JPMorgan warned in July that the company’s concentrated buying could amplify volatility, and that any forced selling could hit Bitcoin’s price harder than its size alone would suggest.
Independent voices draw a sharper line between the company and the asset. Analysts at The Motley Fool argued this month that Strategy’s filings reveal a lot about Strategy and very little about Bitcoin, and that investors should not read the company’s trades as signals about the underlying coin. That distinction is the quiet tension running underneath the guide. The document asks readers to separate the wrapper from the reserve asset, which is precisely the discipline that Strategy’s own share price has been failing this year.
The slow money Strategy wants, and the dividends it must fund The guide reads as an opening bid to a slower, more conservative pool of capital than the one that carried Strategy through 2020 and 2021. It speaks the language of risk budgets, custody ceremonies and four-year funding horizons because that is what pension consultants, private banks and family-office gatekeepers require before they write a memo. Whether that audience buys direct Bitcoin, a spot ETP or one of Strategy’s own instruments matters enormously to the company, since its equity and credit layers only function if investors keep treating the stack as a legitimate way to hold the asset.
The nearer-term pressure is structural rather than rhetorical. Strategy’s preferred shares carry ongoing dividend obligations, and the company sold Bitcoin to help meet them earlier this year before resuming purchases in late August. Saylor has publicly reframed the mission around maximizing Bitcoin per share by 2033, which leaves room for tactical sales that the old never-sell doctrine forbade. The guide tells institutions to think in four-year blocks and to fund positions with capital that can sit untouched. Strategy’s own model, built on dividends and periodic issuance, does not have that luxury, and the next test of the distance between its advice and its practice will come with its Q3 results.
Grayscale podal u SEC žádost o přejmenování Grayscale Litecoin Trust na Grayscale Litecoin Trust ETF a plánuje jeho zařazení k obchodování na NYSE Arca. Pokud bude schválen, fond získá mechanismy tvorby a odkupu podílů.
Grayscale Investments has filed an S-3/A registration statement with the SEC to rebrand its Grayscale Litecoin Trust as the Grayscale Litecoin Trust ETF, with plans to list shares on NYSE Arca. The filing, submitted on September 11, 2026, represents the latest step in a conversion process that has been grinding through the regulatory machinery since early 2025.
If approved, the trust would gain the creation and redemption mechanisms that define a proper ETF, meaning its share price could finally track the actual value of the Litecoin it holds.
From OTC to exchange: why the structure matters The Grayscale Litecoin Trust has been trading over-the-counter under the ticker LTCN since its establishment in January 2018. Without traditional ETF plumbing, there’s been no reliable way for authorized participants to create or redeem shares based on underlying asset value.
As of June 30, 2026, the trust held approximately 24.25 million shares outstanding, with a net asset value of $82.28 million. That works out to roughly $3.39 per share on a NAV basis.
With creation and redemption baskets in place, market makers would be able to arbitrage away significant premiums or discounts, keeping the trading price tethered to the value of the underlying Litecoin.
A long regulatory road Grayscale’s push to convert this particular trust hasn’t been quick. The company first submitted a 19b-4 filing with the SEC on January 24, 2025, which is the form that proposes a rule change allowing a new product to list on an exchange. An amended version followed in February 2025.
The SEC has extended its review timeline multiple times since then, with one notable deadline falling in October 2025.
To prepare for eventual approval, Grayscale has entered into a new prime brokerage agreement with Coinbase. The exchange would facilitate the creation and redemption of shares once trading begins on NYSE Arca.
The trust currently charges a 2.5% annual sponsor fee, a figure that is notably higher than the fees seen on spot Bitcoin ETFs that launched in the US in early 2024.
Shrinking assets, growing ambitions One of the more striking data points in the filing is the trust’s declining assets under management. In early 2025, the trust held over $215 million in AUM. By mid-2026, that figure had dropped to approximately $82 million — a roughly 62% decline over about 18 months.
Grayscale watched its Bitcoin trust, GBTC, trade at a persistent discount to NAV for years before its conversion to a spot Bitcoin ETF in January 2024. The Ethereum Trust underwent a similar process, converting to the Grayscale Ethereum Trust ETF. Litecoin appears to be next in line, following a template that Grayscale has now refined through multiple conversions.
What an approval would mean for the broader market A Litecoin ETF listing on NYSE Arca would expand the menu of crypto assets available to investors through traditional brokerage accounts. Currently, spot ETFs in the US cover Bitcoin and Ethereum.
Litecoin has been around since 2011 and is one of the longest-running cryptocurrency networks.
If the pattern from Bitcoin and Ethereum conversions holds, approval would likely trigger a repricing of LTCN shares toward NAV, closing whatever premium or discount currently exists.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple‘s head of product, Jazzi Cooper, has identified institutional credit as a potential breakthrough use case for XRP, emphasizing the value of using the digital asset as collateral. Cooper highlighted that while interest in on-chain finance continues to rise, institutional credit remains widely untapped in the crypto sector.
XRPL lending infrastructure advancesCooper drew attention to recent developments in the XRP Ledger (XRPL) lending infrastructure, calling out the significance of the XLS-65 and XLS-66 amendments. XLS-65, referred to as the Single Asset Vault amendment, is designed to aggregate assets from multiple depositors, providing a foundational framework for forthcoming on-chain lending protocols.
Building on this, XLS-66 introduces a lending protocol that enables on-chain, fixed-term, uncollateralized loans by leveraging the pooled funds in the Single Asset Vault. This mechanism incorporates off-chain underwriting and risk management processes to evaluate borrower creditworthiness, while maintaining a peer-to-peer lending model with configurable features.
These amendments, the Lending Protocol and Single Asset Vault, are currently undergoing a voting process and represent the most significant push for institutional lending on XRPL to date.
Upcoming upgrades and ongoing developmentDevelopers have confirmed that XRPL’s Lending Protocol is set to receive a version 1.1 update within the XRPL 3.4.0 release next week. The upgrade will deliver improvements over the previous version, Lending v1.0, and both the Lending Protocol and Single Asset Vault are expected to receive ongoing enhancements, expanding functionality incrementally over time.
One notable change is LendingProtocolV1_1, which introduces specific improvements and fixes, such as adding a ‘MemoData’ field to the ‘VaultDelete’ transaction, contributing to improved transaction traceability and flexibility.
Institutional partnerships and market trendsRecent momentum in the institutional lending space on XRPL has followed a collaboration between Ripple, Cicada Partners, and ClearPool, which was announced in August 2026. The partnership aims to bring robust institutional lending services to the XRPL ecosystem.
This week, ClearPool outlined its expansion strategy for the XRPL, describing the ledger as one of the most established networks for institutional lending and highlighting a considerable amount of institutional credit yet to be utilized.
ClearPool emphasized that the XRPL is among the most mature blockchain networks, yet “institutional credit is still waiting to be tapped,” signaling substantial growth potential in on-chain lending services.
With these technical improvements and new collaborations, the XRPL’s lending protocol infrastructure is positioning itself at the center of institutional finance innovation—mirroring the broader trend where traditional financial markets transition to blockchain-based solutions.
While traditional markets have depended on complex intermediaries, a notable shift is occurring as Wall Street turns to Web3. Investors increasingly use platforms such as 1stepSwap to hold tokenized shares of top U.S. companies, gold, and silver directly in crypto wallets. By transforming real-world assets into tokens and sourcing optimal prices automatically, these systems significantly reduce the role of intermediaries.
Ripple’s focus on institutional financing and the continued evolution of XRPL lending solutions suggest that on-chain credit offerings could become a central use case for XRP and its supporting ecosystem in the near future.
Wintermute vložil 61 847 ETH v hodnotě 160,3 milionu USD na Binance a Coinbase, což vyvolalo obavy z prodejního tlaku. Přesto Exchange Supply Ratio klesl na 0,125, úroveň neviděnou od roku 2016.
Ethereum [ETH] saw sharp volatility after reclaiming $2,500 and climbing to $2,600 before falling toward $2,400. At press time, it traded near $2,524, up 2.26% daily and 2% weekly.
The pullback coincided with large-holder selling, yet Exchange Supply presented a more complicated picture.
Is Wintermute selling Ethereum? Lookonchain reported that Wintermute deposited 61,847 ETH worth $160.3 million into Binance and Coinbase. The transfer raised selling concerns, but an exchange deposit does not confirm a sale.
Market makers regularly move inventory between venues for liquidity provision and operational purposes.
Source: Arkham If intended for liquidity provision, the transfer may not represent directional selling.
However, market sales from that inventory could increase short-term supply and create downside volatility. The transfer matters, but its purpose determines whether it becomes selling pressure.
Why is Ethereum Exchange Supply falling? Despite Wintermute’s deposit, Ethereum’s broader Exchange Supply continued falling.
AMBCrypto previously reported that Ethereum reserves on Binance had reached a three-month low. Binance covered one venue. However, the Exchange Supply Ratio [ESR] showed that the decline extended across exchanges.
Source: CryptoQuant ESR declined for ten consecutive days and reached 0.125 at press time. The metric had not visited this level since 2016. Its decline showed that exchanges held a smaller share of Ethereum’s circulating supply.
This suggested that the market absorbed individual deposits without creating a broad buildup of immediately sellable ETH.
Historically, lower Exchange Supply can reduce selling pressure. The harder question was why ETH remained weak as its liquid supply contracted.
Source: SwissIntelligence SwissIntelligence data showed that 196 whales were distributing ETH, compared with 125 accumulating.
Source: TradingView This imbalance suggested that large-holder selling continued weighing on ETH as whales secured modest gains.
The True Strength Index had declined since forming a bearish crossover several days earlier.
At the same time, the Balance of Power remained negative. Together, both indicators showed that sellers retained a short-term advantage despite declining exchange balances.
ETH was caught between fewer immediately sellable coins and more whales willing to sell.
If whale distribution continues, ETH could revisit $2,300 if Wintermute’s transfer becomes market sales. By contrast, shrinking Exchange Supply could help ETH reclaim $2,600 and target $2,800 if demand returns.
The next move may reveal whether buyers can absorb whale sales without losing the emerging supply squeeze.
Final Summary Wintermute deposited 61,847 ETH worth $160.3 million into Binance and Coinbase. Ethereum’s Exchange Supply Ratio reached 2016 levels, yet whale distribution continued weakening price momentum.
Uniswap Labs spustil StablePair Hook pro stablecoinové páry na Uniswap v4, nejdřív pro USDC/USDG a USDC/USDT na mainnetu Ethereum. Cílí na trh, kde stablecoinové swapy ve 2. čtvrtletí dosáhly 43,4 miliardy USD.
Uniswap Labs launched StablePair Hook on September 10, a dynamic-fee hook for stable pairs on Uniswap v4 that goes live with two pools on Ethereum mainnet: USDC/USDG and USDC/USDT. The launch targets one of decentralized finance’s busiest corners, with the company saying stablecoin-to-stablecoin swaps reached $43.4 billion in the second quarter, more than the next three onchain venues combined, according to its announcement. The hook is the first upgradeable dynamic-fee design from Uniswap Labs, built to give liquidity providers a bigger share of the value they create.
A Dynamic Fee That Follows Price Drift Stable pairs trade around a known rate, so most of their value sits in bringing the price back to parity. A static fee hands that spread to arbitrage bots, Uniswap Labs wrote: set the fee too low and they keep the spread, set it too high and the pool prices itself out. StablePair Hook replaces the fixed fee with one that measures how far a pool has drifted from a reference rate and adjusts on every swap. Inside a tight band the fee moves to quote a fixed bid-ask spread; once the price drifts outside it, swaps that push it further away pay no fee, while corrections run through a Dutch auction that starts high and drops each block until someone takes it.
Governance-Controlled and Built to Evolve Rather than a one-off launch, the hook is designed to change over time. Pool parameters and fee logic can be upgraded through Uniswap Governance without forcing liquidity providers to migrate, which the team framed as a way to improve the mechanism as usage grows. StablePair Hook joins DualPool, Permissioned Pools and LitePSM as the newest hook from Uniswap Labs, with more on its roadmap.
The Stakes for Stablecoin Liquidity The hook arrives as stablecoin trading continues to concentrate on Uniswap, which recently crossed $1 trillion in Layer-2 volume. By redirecting a share of arbitrage value back to liquidity providers, the launch is meant to make supplying stablecoin liquidity more attractive, a signal that fee design rather than token incentives alone is becoming the battleground for the largest onchain markets. Liquidity providers can port positions into the new USDC/USDG and USDC/USDT pools, and traders can access them through the Uniswap Web App and Wallet. StablePair is the latest addition to a v4 hook ecosystem that already includes a separate Uniswap hook topping $500 million in usage.
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HYPE za posledních 24 hodin vzrostl o 4 % na zhruba 82 dolarů. Velryba koupila dalších 308 569 HYPE za 26 milionů dolarů a Hyperliquid za 24 hodin spálil 32 770 HYPE za asi 2,65 milionu dolarů při průměrné ceně 81,01 dolaru za token.
Key Takeaways HYPE has climbed 4% over the last day, currently priced near $82 with year-to-date gains exceeding 220% Major whale investor purchased an additional $26M in HYPE tokens and committed them to staking, expanding total holdings to $322M The platform eliminated 32,770 HYPE tokens (approximately $2.65M) through burns within a single 24-hour period at $81 average pricing Platform open interest increased from $7.9B to $8.1B over the past week, though Bitcoin trading activity fell 79% during the same timeframe Technical analysts project $100 as the next price milestone, though some anticipate a potential retracement to $75 beforehand The HYPE token from Hyperliquid is currently positioned around the $82 mark, representing a remarkable year-to-date surge of more than 220%. This performance has elevated the asset to the 9th largest cryptocurrency by market capitalization, commanding an $18.2 billion valuation.
Hyperliquid (HYPE) Price The token experienced a 4% uptick during the previous 24-hour trading cycle, partially attributed to Hyperliquid’s integration of USELESS, a Solana-based memecoin. Following the listing announcement, USELESS saw a 15% price increase alongside a 30% volume spike reaching $173 million.
A prominent whale investor has demonstrated continued aggressive accumulation of HYPE tokens. Data from blockchain analytics platform Lookonchain reveals that wallet 0x6436 acquired an additional 308,569 HYPE tokens—approximately $26 million worth—and immediately staked the entire amount. This transaction elevates the wallet’s complete holdings to 4.05 million HYPE, representing roughly $322 million in value, with all tokens currently staked.
🚨HYPE WHALE ADDS ANOTHER $26M!
Wallet 0x6436 bought another 308,569 $HYPE, about $26 million, and staked it. That takes itsstack to 4.05 million $HYPE, worth about $322 million, all staked, per @lookonchain.
The same address has been buying and staking since early summer,… pic.twitter.com/DvKCuadIfg
— Crypto Banter (@crypto_banter) September 10, 2026
Crypto Banter highlighted this activity on X (formerly Twitter), pointing out that this same wallet address has maintained a consistent buying and staking pattern since early summer, including a substantial 3.24 million HYPE acquisition just last week.
Regarding token supply dynamics, Hyperliquid executed a buyback and burn of 32,770 HYPE tokens—valued at approximately $2.65 million—within a single 24-hour window at an average cost of $81.01 per token, according to blockchain data shared by OnchainLens. The cumulative lifetime burn has now reached 48.57 million HYPE, representing roughly $3.82 billion in value at present market rates.
Technical Pattern Indicates $100 Target, Though Correction Remains Possible Platform open interest on Hyperliquid expanded from $7.9 billion to $8.1 billion throughout the current week, indicating that market participants continue to establish positions in anticipation of additional price appreciation.
Conversely, Bitcoin trading volumes on the platform experienced a dramatic contraction—plummeting from 3.08 million trades during the week of August 16 to merely 656,000 trades last week, representing a 79% decline. Additionally, a bearish divergence has emerged on the daily chart timeframe, suggesting potential momentum deterioration.
From a technical analysis perspective, a bull flag formation has developed following HYPE’s breakthrough above the $75 resistance level. Market analysts continue to support a $100 price objective but acknowledge the possibility of an intermediate pullback toward $75, which would constitute approximately a 13% decline from current trading levels.
Regulatory Challenges Present Primary Concern, According to Ran Neuner Ran Neuner, who founded Crypto Banter, participated in Cointelegraph’s Chain Reaction podcast where he identified regulatory oversight as the most significant challenge facing Hyperliquid. He noted that government authorities have already begun implementing regulations for centralized cryptocurrency exchanges and anticipates decentralized platforms will face similar scrutiny moving forward.
Despite this concern, Neuner emphasized that Hyperliquid’s established network effects provide substantial competitive advantages. “You can’t copy a network,” he explained, drawing parallels to Uber’s market position in the ride-sharing industry.
Regarding regulatory developments, President Trump announced in August that CFTC Chair Michael Selig was actively working to facilitate Hyperliquid’s entry into the United States market in a “fully compliant and legal fashion.” HYPE experienced approximately a 20% price surge following that announcement, trading near the $70 level at that time.
HYPE is presently trading at $82 with a fully diluted market valuation of approximately $78.4 billion.
Multicoin Capital po přehodnocení označil Hyperliquid ($HYPE) za jednu ze svých největších pozic. Firma to zdůvodnila silným růstem likvidity a aktivity vývojářů kolem protokolu.
Investment firm Multicoin Capital has identified Hyperliquid ($HYPE) as one of its largest holdings, based on a comprehensive reassessment of the protocol, according to a statement shared by Grayscale on social media. The firm attributes its high-impact assessment to significant growth in liquidity and developer activity surrounding Hyperliquid, a decentralized perpetuals exchange protocol. This development highlights continued institutional interest in Hyperliquid, which is currently around $80 with a 24-hour volume ranging between $1.1 billion and $1.2 billion, and a market cap estimated at $18 billion to $20 billion.
Key Takeaways Multicoin Capital’s investment in Hyperliquid appears to indicate a positive outlook for the protocol’s future, suggesting confidence in its growth potential. Market pricing for Hyperliquid reaching $100 by December 31, 2026, stands at 51% YES, reflecting mixed sentiment in the short term. The reassessment by Multicoin may indicate increased institutional focus, consistent with scenarios where Hyperliquid is viewed as a high-liquidity, actively developed crypto asset. What to Watch Market participants will be closely monitoring any further announcements from Multicoin Capital or other institutional investors regarding their holdings in Hyperliquid. The likelihood of Hyperliquid reaching the $100 price target by year-end will depend on continued developments in liquidity and developer activity. Any significant partnerships or technological advancements could align with a YES outcome, whereas setbacks such as security breaches or regulatory challenges may align with a NO outcome.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 51% 0.0¢ $1K View market → January 1 2027 3.8% 0.0¢ — View market → January 1 2027 3% 0.0¢ — View market → January 1 2027 4.5% 0.0¢ — View market → January 1 2027 4% 0.0¢ $195 View market → January 1 2027 65.2% -0.2¢ $3K View market → January 1 2027 10.5% -0.5¢ $891 View market → January 1 2027 6% -1¢ $200 View market → January 1 2027 6% 0.0¢ $559 View market → Updated 2min ago
Pump.fun has quietly rewritten the rules for how traders get paid on its platform. The Solana-based memecoin launchpad announced on September 12 that it is introducing a new “Holder Rewards” token type while fully deprecating its Cashback mode for any new token launches going forward.
The core logic is simple: instead of routing trading fees back to creators or returning them instantly to active traders, the new system funnels those fees into a dedicated Pump.fun distribution wallet, which then pays out to token holders several times per hour. The longer you hold, and the more you hold, the larger your cut.
What changed and why Cashback mode was not always part of the Pump.fun playbook. The platform introduced it in February 2026 as an attempt to redirect creator fees away from developers and toward the traders actually moving volume.
The problem, according to community feedback the platform cited in its announcement, was structural. Many of the highest-volume tokens on the platform no longer had active development teams behind them. In those cases, the original Cashback mechanic still disproportionately benefited creators relative to the traders engaging with the token daily.
Holder Rewards is the platform’s answer to that criticism. Token creators launching new projects now choose between two configurations: a standard Creator Fee token, where fees flow to the project team as before, or a Holder Rewards token, where those same fees get redistributed to holders on an ongoing basis. There is no hybrid option.
For existing tokens that ran under Cashback or Creator Fee structures, conversion to Holder Rewards is possible but gated. Tokens must meet specific objective criteria set by the platform, and the conversion is permanent. Once a token moves to the Holder Rewards structure, there is no reverting to prior mechanics. Existing Cashback tokens remain tradable under their original rules, and users can still claim any rewards they have already accrued.
The mechanics of holding-based payouts Distributions go out multiple times each hour. A minimum holding threshold of $20 appears to be required for maximizing rewards under the new structure, putting a floor on who can meaningfully participate in the distribution mechanics.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin naráží na silnou rezistenci mezi 77 100 a 80 200 USD, zatímco americké spotové bitcoinové ETF zaznamenaly týdenní odliv 462,73 milionu USD. CryptoQuant uvádí, že nad 81 700 USD by se otevřel prostor k dalšímu růstu.
Bitcoin traded near $77,100 on Friday, encountering significant resistance after rallying above $82,000 in recent weeks. The cryptocurrency’s momentum slowed as it approached a dense cluster of technical and on-chain barriers, identified by blockchain analytics firm CryptoQuant.
Long-term holders and technical resistance zonesAccording to CryptoQuant, investors who have held Bitcoin for extended periods released up to 539,000 BTC over a 30-day period in 2026. These sales primarily took place in the $77,100 to $80,200 price range, creating an area of concentrated supply where sellers are likely to defend their positions during price advances.
The price remains below the 365-day moving average at $81,700, a technical level that previously rejected rallies in early September. CryptoQuant considers a daily close above this moving average as confirmation of a new bullish phase, rather than just a temporary breakout.
The $77,100 to $80,200 resistance zone is particularly notable because it represents coins released from long-term holders who accumulated during previous market cycles. Each attempt to move above this range is met with selling, and failed efforts can prompt further profit-taking from these investors.
CryptoQuant notes that a decisive break above $81,700 would target the next resistance at $83,600, which is defined by their network valuation model, with a further barrier at the $88,700 trader realized price band. Without a clear move above these points, Bitcoin could remain constrained by existing supply.
Should Bitcoin reverse, the analytics firm identifies the 200-day moving average near $70,000 as the first major support level. A larger accumulation zone exists between $62,000 and $65,000, containing around 476,000 BTC added this year.
Mini dictionary: CryptoQuant, a blockchain analytics and data provider that specializes in on-chain market indicators and technical analysis for Bitcoin and other cryptocurrencies.
ETF flows highlight shifting demandUS spot Bitcoin ETFs experienced a notable shift this week, marking four consecutive days of net outflows. On Friday, funds saw net redemptions totaling $13.29 million, pushing the week’s total outflow to $462.73 million, despite $2.60 billion in trading volume.
The persistent ETF withdrawals coincided with Bitcoin trading just below the $77,100 local resistance band. Analysts specify that while these institutional redemptions coincided with price struggles, they do not constitute definitive proof of causation. However, the data suggests that institutional buyers did not provide consistent support during this period of overhead supply.
ETF AssetFriday Net FlowWeekly Net FlowTrading VolumeNet AssetsUS Bitcoin ETFs– $13.29 million– $462.73 million$2.60 billion$97.58 billionUS Ether ETFs+ $216.41 million+ $216.41 millionN/AN/AIn contrast, US spot Ether ETFs received $216.41 million on Friday, completing their fourth consecutive week of net inflows. While the divergence in flows does not directly indicate funds shifting from Bitcoin to Ether, the selective demand highlights shifting sentiment among institutional investors.
Analysts suggest that Bitcoin must secure a strong move above $81,700 to shift focus toward the $83,600 valuation ceiling and then $88,700, where trader cost bases cluster. A failure to do so could lead to repeated tests of the current supply zone and possible declines toward defined support levels.
CryptoQuant emphasizes that the path forward relies on overcoming layered resistance, with each band above $77,100 representing potential hurdles for buyers. Ongoing ETF outflows and long-term holder selling reinforce the need for increased demand before a sustainable breakout can be confirmed.
SEC odložila účinnost registrace Teucrium 2x Short Daily XRP ETF až na 11. října 2026. Fond má nabídnout dvojnásobnou denní inverzní expozici vůči XRP.
The U.S. Securities and Exchange Commission (SEC) has postponed the registration effectiveness date for the Teucrium 2x Short Daily XRP ETF, a product designed to offer amplified inverse exposure to XRP price movements. This update stems from a new filing submitted by Listed Funds Trust, which reflects ongoing regulatory review and pushes back the introduction of one of the most watched exchange-traded funds in the XRP space.
ETF launch delayed to October 2026According to the recent SEC filing, the activation of the registration statement for the Teucrium 2x Short Daily XRP ETF has been officially deferred until October 11, 2026. This delay arises from a post-effective amendment made by Listed Funds Trust, a registered investment vehicle that manages various exchange-traded products in the U.S. market, under the Securities Act of 1933 and the Investment Company Act of 1940.
The revised timeline means that the launch date for the fund has shifted accordingly, with regulatory clearance now required for any further action after the newly stated date. The move keeps the product in the pipeline for future listing but prevents its market debut in the near term.
This ETF targets institutional and sophisticated retail investors searching for increased access to XRP through regulated investment products. XRP, recognized as one of the leading digital assets by market capitalization, continues to attract significant attention from fund issuers and investors alike.
Details of the Teucrium 2x Short Daily XRP ETFThe Teucrium 2x Short Daily XRP ETF is structured to deliver investors twice the inverse daily performance of XRP. In essence, if XRP declines by 3% on a given trading day, the ETF seeks to generate a gain of approximately 6%, before accounting for fees and expenses. Conversely, if XRP rises, the fund will magnify the loss on the same basis.
Such leveraged inverse products appeal to investors managing short-term trading strategies or hedging positions in volatile markets. Performance deviations may occur due to compounding over holding periods longer than a single day.
Market participants had been anticipating the listing of this product as part of broader efforts by issuers to expand the range of crypto-based ETFs in the United States. However, the latest timeline adjustment underscores regulatory caution around more complex leveraged and inverse crypto offerings.
Mini dictionary: Teucrium is a financial company based in the United States that specializes in creating and managing exchange-traded products, including commodity and digital asset ETFs, for both institutional and retail investors.
Ongoing interest in XRP ETFsDespite the postponement of the Teucrium ETF’s registration, the market for XRP-based ETFs continues to expand in response to demand from institutional investors. Multiple asset managers remain in the approval queue, seeking SEC endorsement for various XRP-related exchange-traded funds.
These prospective offerings reflect growing acceptance of digital assets within mainstream financial markets, even as regulatory authorities proceed with caution regarding more sophisticated or leveraged products.
While the new date sets October 11, 2026, as the earliest the Teucrium 2x Short Daily XRP ETF could go effective, this does not guarantee that trading will begin on that date, as additional steps may still be required before the fund can launch.
ETFTypeExposureEarliest Launch DateTeucrium 2x Short Daily XRP ETFInverse, Leveraged2x daily inverse to XRPOctober 11, 2026The delay affects only the registration effectiveness and not the underlying approval process, meaning that regulatory review is ongoing. Other ETF applicants remain active as institutional interest in regulated crypto products continues to build.
Senát má 15. září 2026 hlasovat o CLARITY Act, který by mohl zásadně změnit regulaci digitálních komodit v USA. V centru pozornosti jsou XRP, XLM a HBAR.
The upcoming Senate vote on the Digital Asset Market Clarity Act (CLARITY Act) has drawn significant attention from the U.S. cryptocurrency community, as the outcome could have a notable impact on digital assets recognized by federal agencies, particularly XRP, XLM, and HBAR.
September 15 emerges as a decisive dateCrypto analyst X Finance Bull identified September 15, 2026, as a pivotal moment for the CLARITY Act, with a procedural cloture vote scheduled in the Senate for that date. The outcome will determine whether the bill advances for further consideration but will not yet constitute final passage.
X Finance Bull highlighted insights from Patrick Witt, Executive Director of the Presidential Council of Advisors for Digital Assets, who commented on the time-sensitive nature of the political process. Witt noted that the narrowing gap between Democratic and Republican lawmakers raised the stakes for finalizing digital asset legislation before the November midterm elections, which could complicate further progress if not resolved in advance.
The CLARITY Act has already cleared key hurdles. In July 2025, the House of Representatives passed the bill by 294 to 134 votes. The Senate Banking Committee advanced its version in May 2026 with a 15-9 approval. The Senate published its revised text in July, setting the stage for the next procedural vote.
XRP, XLM, and HBAR gain regulatory focusX Finance Bull emphasized the particular significance of this bill for XRP, XLM, and HBAR, following the identification of these assets as digital commodities by both the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in March 2026. This clarification alters the regulatory landscape, enabling a shift away from unresolved classification debates and toward developing consistent rules for the digital commodity sector.
The commentator referenced the regulatory history of XRP, including the SEC’s lawsuit against Ripple that began in 2020, subsequent court rulings on XRP’s sales, and the dismissal of appeals in August 2025. The Senate’s draft language explicitly addresses digital asset transactions covered by certain final federal court judgments, providing a clear foundation for the application of new regulations.
If you hold XRP, XLM, or HBAR, you do not want to miss this CLARITY Act update. Washington just put a clock on crypto market structure. The Senate’s next vote could reshape how digital commodities are regulated in the United States.
Broader implications for banks and institutionsX Finance Bull pointed out that the CLARITY Act’s scope extends beyond the classification of digital assets. The bill covers digital commodity exchanges, custody, banking operations, distributed-ledger recordkeeping, tokenized securities, self-custody, and regulatory sandboxes. The Senate’s latest version would allow national banks to utilize digital assets and distributed-ledger technology for legally authorized products and services.
This development is particularly relevant for XRP, XLM, and HBAR, as each already has institutional infrastructure supporting their ecosystems. For XRP, ongoing activities include Ripple’s payment solutions, RLUSD stablecoin, institutional trading, and tokenization. Stellar’s network has supported stablecoin integration, real-world assets, and a recent pilot by U.S. Bank using the USBDC stablecoin. Meanwhile, Hedera’s ecosystem features regulated tokenization and banking applications, with several institutional partnerships already in place.
X Finance Bull indicated that the outcome of the procedural vote on September 15 could signal whether the United States is ready to advance from asset classification debates to establishing a sustainable regulatory framework for digital assets and related services.
AssetRegulatory StatusKey Institutional UsesXRPIdentified as digital commodity (SEC, CFTC)Payments, RLUSD, custody, institutional tradingXLM (Stellar)Identified as digital commodity (SEC, CFTC)Stablecoins, real-world assets, USBDC pilot by U.S. BankHBAR (Hedera)Identified as digital commodity (SEC, CFTC)Regulated tokenization, banking and institutional usesMini dictionary: CLARITY Act, also called the Digital Asset Market Clarity Act, is U.S. legislation aimed at providing clear legal and regulatory guidelines for the classification and oversight of digital assets and related financial infrastructure.
The Senate’s vote could move the country from focusing on whether certain assets are securities or commodities to putting in place a comprehensive structure for digital markets.
Ripple Prime po akvizici Hidden Road za 1,25 miliardy USD rozšiřuje institucionální služby napříč tradičními i digitálními trhy. XRP přesto zůstává součástí strategie Ripple.
What is Ripple Prime?Ripple Prime is the prime brokerage business created after Ripple acquired Hidden Road for $1.25 billion. The transaction was completed in October 2025, after which Hidden Road was rebranded as Ripple Prime.
Ripple said the acquisition made it the first crypto company to own and operate a global, multi-asset prime broker.
The acquisition brought an established institutional business into Ripple's portfolio. Before the deal, Hidden Road was already clearing more than $3 trillion annually for more than 300 institutional customers across multiple asset classes.
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Ripple now describes Prime as providing multi-asset clearing, cross-margining, portfolio financing and risk-based financing across traditional and digital markets.
How will Ripple Prime create institutional demand for crypto?According to Ripple, its synergy with Hidden Road, a nonbank prime broker, makes the acquisition a logical next step to support institutional adoption of digital assets, including XRP and RLUSD.
Ripple initially built its identity around blockchain-based cross-border payments. Its business has since expanded into several areas of financial infrastructure. Payments are now accompanied by custody, stablecoin settlement, treasury services and prime brokerage.
Each business addresses a different part of the institutional trading process. Ripple Payments is focused on moving value. Ripple Custody provides infrastructure for holding and managing digital assets. RLUSD is positioned as a regulated stablecoin for settlement and collateral. Ripple Prime adds execution, clearing, financing and liquidity.
The result is a company that is increasingly trying to provide institutions with several pieces of the financial infrastructure required to interact with digital assets rather than relying on a single crypto-related product.
Prime brokerage addresses a problem that has become increasingly apparent as institutional participation in digital assets has grown.
Traditional financial markets rely on infrastructure that allows institutions to manage execution, financing, collateral and settlement without maintaining an entirely separate bilateral relationship with every trading venue.
Crypto markets have historically been more fragmented. Institutions can encounter different exchanges, custodians, liquidity providers and credit arrangements, each with its own operational requirements.
A prime brokerage model can consolidate some of those functions. Ripple's proposition is that institutions can obtain access to multiple markets while using centralized credit and clearing infrastructure rather than maintaining a collection of disconnected relationships.
Ripple Prime's multi-asset structure is particularly significant in this respect. Its clients do not need to treat digital assets as an isolated market. The platform is designed to operate across crypto and traditional assets, reflecting the increasingly blurred boundary between the two markets.
What is happening to XRP price?XRP has also experienced a substantial recovery over the past several weeks, although the move has lost some momentum in September.
The token began August around the $1.10 area following an extended period of weakness and consolidation. It then advanced through the month, with the price reaching approximately $1.42 by September 6.
The rally continued into the first part of September, with XRP briefly moving toward $1.44 on September 8 and 9. The token subsequently retreated toward the $1.35-$1.37 range by September 11-12.
Source: CoinMarketCapThat still leaves XRP roughly 24% to 25% above its level at the beginning of August, despite the recent pullback.
The market has also been watching activity among larger XRP holders. On-chain data cited in market reports indicated that wallets holding between 1 million and 10 million XRP increased their combined holdings during the earlier part of the rally.
According to on-chain reports, it was during this rise from $1.00 to $1.70 that large investors carried out the first stage of aggressive buying: the cohort of wallets holding between one million and 10 million XRP increased its positions by 642 million tokens.
The main factor behind the expected volatility is Sept. 15. On that day, the US Senate is scheduled to hold a critical procedural vote on the CLARITY Act, which is intended to define the legal status of digital assets and divide regulatory authority between the SEC and CFTC.
Is XRP still Ripple’s ‘North Star’?Earlier this year, Ripple CEO Brad Garlinghouse stressed that XRP is the "North Star" for Ripple.
"It's our purpose. When we think about what we are doing on Ripple Payments, or Ripple Prime, or Ripple Treasury, or Custody, or RLUSD, this is all focused on how we can drive utility, trust, and…liquidity around XRP and the XRP Ledger," Garlinghouse said. XRP is the "heartbeat" of Ripple, which is a platform company for financial infrastructure.
With Prime, Ripple is building a broader financial-services company. Prime brokerage, custody, stablecoins, payments and treasury services now sit alongside the company's older XRP-related business.
RLUSD has become increasingly important. Ripple explicitly positions RLUSD as its institutional settlement and collateral asset.
The strongest argument against the idea that Ripple has moved away from XRP is not that XRP remains associated with the company's history. It is that Ripple continues to describe XRP as part of its current institutional strategy.
Ripple CEO Brad Garlinghouse has previously referred to XRP as the company's "North Star," while describing payments, Prime, treasury, custody and RLUSD as parts of a broader effort to increase utility, liquidity and trust around XRP and the XRP Ledger.
At the same time, Ripple Prime's multi-asset model means XRP is no longer the only asset that matters to the company's institutional business.
Ripple can simultaneously build a diversified financial-services company and continue developing use cases for XRP. In fact, the former could potentially give the latter more avenues for institutional adoption.
The company's acquisition of Hidden Road therefore looks less like a move away from XRP and more like an attempt to build the infrastructure surrounding a much broader institutional digital-asset market.
There are still questions about how much of Ripple Prime's activity will ultimately translate into demand for XRP. A multi-asset prime broker does not automatically create demand for any individual cryptocurrency, and institutional clients can use the platform without making XRP central to their strategies.
The available evidence therefore does not support the stronger claim that Ripple has abandoned XRP. What it does show is that Ripple's business is becoming less dependent on any single product or use case.
That may be the more significant development. Ripple is evolving from a company primarily identified with blockchain payments into a broader financial-infrastructure provider. XRP remains part of that ecosystem, but it now sits within a much larger institutional strategy.
Ethereum krátce vyskočilo nad klíčovou rezistenci 2 461 USD, zatímco spotové ETF přilákaly v pátek 216 milionů USD. Technické signály naznačují další růst.
Ethereum (CRYPTO: ETH) price briefly surged to its highest level since January 31, as the crypto market remained resilient amid the escalating crisis in the Middle East and rising odds that the Federal Reserve will cut interest rates next week. ETH has formed key bullish patterns, pointing to further upside as ETF inflows rise.
Ethereum ETF Inflows Rise Despite Elevated RisksETH price rose briefly above a crucial resistance level as American investors continued their buying spree. Spot Ethereum ETFs had $216 million in inflows on Friday, bringing this month’s increase to over $327 million.
BlackRock’s ETHA ETF added over $148 million in assets on Friday, bringing its assets under management to $9.1 billion. Bitwise’s ETHW had $29 million in inflows, while BlackRock’s ETHB added $18.3 million. These funds now hold over $16.3 billion in assets under management.
More data shows that investors are continuing to buy ETH. Ethereum’s staking ratio has jumped to 35.2%, with the staking market capitalization has jumped to over $109.47 billion. Over 43.11 million tokens have been staked. This is important since investors who have staked their tokens tend to have a long-term view.
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Tom Lee’s BitMine (NASDAQ:BMNR) has continued buying Ethereum and is now nearing its 5% target. It has bought 123,960 coins in the last 30 days and now holds over 5.92 million coins. All Ethereum treasury companies now hold coins worth over $20 billion.
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These developments have led to a significant drop in Ethereum supply in exchanges. There are now 11.72 million tokens in exchanges, down substantially from last year’s high of 17.85 million. Falling exchange supply is a sign that investors are holding their tokens for the long term.
All this is happening as concerns about the US economy remain. US inflation remains stubbornly above the 2% target, while bond yields have surged to the highest level in years.
Ethereum Price Has Formed Key Bullish PatternsTechnicals suggest that ETH price may be on the cusp of a strong bullish breakout. It has formed a bullish flag pattern, which is characterized by a vertical line and a horizontal channel.
ETH has also formed a golden cross pattern as the 50-day weighted moving average has crossed the 200-day moving average. This crossover suggests that there is a shift from a downward trend to a bullish one.
ETH has also jumped above the crucial resistance level of $2,461, its highest level on April 17. Therefore, these technicals suggest that the coin will have a strong bullish breakout, potentially to $3,000. This view will become invalidated if the coin drops below the lower side of the flag at $2,360.
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Ethereum stále cílí na 6. října v 13:53 UTC pro aktivaci Glamsterdamu na testnetu Sepolia, ale termín zůstává podmíněný. Devnet-9 se stále nedaří správně finalizovat a je nutné opravit chyby včetně problému kolem EIP-8037.
Ethereum still aims for October 6 at 13:53 UTC to activate Glamsterdam on the Sepolia testnet. The date now appears as the next milestone on Ethereum’s official roadmap. But it remains fragile: Glamsterdam has not yet completed any full run on a stable private devnet, and several bugs must be fixed before exposing the update to Sepolia. The mainnet is still planned for the fourth quarter of 2026, with no confirmed date.
In Brief Glamsterdam targets Sepolia on October 6, but the date remains conditional. Devnet-9 has 1,000 validators and still fails to finalize properly. A bug related to EIP-8037 forces execution layer clients to modify their code. Devnet-9 Still Blocks Before Transition to Sepolia Glamsterdam was supposed to use devnets to eliminate these kinds of problems before reaching public networks. Cointribune was already following the entry of Glamsterdam into its advanced testing phase in the spring.
Five months later, tests are much heavier. Glamsterdam-Devnet-9 was launched on September 1 with 1,000 validator nodes, making it the largest Glamsterdam devnet so far by node count. The result is not yet as expected: the network does not finalize properly. Too few validators propose and attest the same chain head to reach finality.
Stefan Starflinger, DevOps engineer at the Ethereum Foundation, believes that this size mainly highlighted edge cases that were less likely to appear in smaller configurations.
Devnet-8 had already encountered a more serious problem. A bug could freeze the network when a validator proposed a block sharing the same parent hash as the one expected in a specific situation. Client teams have since worked on fixes. So Sepolia is not malfunctioning. Glamsterdam just hasn’t succeeded there yet.
EIP-8037 Adds a New Problem to Solve Another bug directly affects EIP-8037, one of the major proposals of Glamsterdam. This EIP changes the pricing for creating new permanent data on Ethereum. The network wants to increase capacity without letting its database grow at the same pace. EIP-8037 notably introduces separate accounting for certain costs related to state creation.
Cointribune had already explained why this adjustment matters in the project aiming to greatly boost Ethereum’s execution capacity.
Maria Silva, researcher at the Ethereum Foundation, identified during testing a problem related to this EIP. The fix requires updating all affected execution layer clients.
Ethereum will therefore take another round. Developers are now preparing a new devnet before Sepolia. CryptoPotato indicates that Devnet-11 has become the test to watch, with Devnet-10 no longer the main step retained in this week’s reported schedule.
Parithosh Jayanti, who chaired the developers’ meeting, did not guarantee October 6. If the next devnet still encounters significant problems, teams will have to reassess the date “on a case-by-case basis.” So October 6 is definitely a target. Not yet a promise.
Ethereum: Mainnet Still Targeted End 2026, No Confirmed Date Ethereum.org continues to display Q4 2026 for the deployment of Glamsterdam on the mainnet. No specific day is indicated. Sepolia, meanwhile, officially appears as the next milestone with the date of October 6.
After Sepolia, Hoodi must still come, the second public testnet planned in the deployment. Here too, developers preferred to wait before setting a date.
Enrico del Fante, from Consensys, notably advocated for a few additional weeks before committing on Hoodi. The problems encountered on Devnet-9 make a precise timeline difficult to keep.
The challenge goes beyond a simple crypto hard fork. Glamsterdam must deeply modify how Ethereum builds and verifies its blocks. Its program notably includes ePBS, or built-in separation between block proposers and builders, as well as Block-Level Access Lists, designed to prepare for more parallel processing.
The network is already preparing the next steps. Cointribune recently detailed the planned work after Glamsterdam around Hegotá and privacy. For now, December remains possible. But Ethereum must first achieve something much simpler on paper: a Glamsterdam devnet that finalizes cleanly. If Devnet-11 succeeds, October 6 will remain within reach. Otherwise, Sepolia may still have to wait.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Cardano spustilo bezpečnostní upgrade Hydra 2.4.1, který opravuje zranitelnost umožňující krádež prostředků. IOG vyzvalo uzly na verzích 2.3.0 a 2.4.0 k aktualizaci.
Cardano (ADA) price is up by 2% today, September 12, to trade at $0.208 at the time of writing, with the gains mirroring an uptrend across the broader crypto market.
Bitcoin (BTC) had gained to $77,300 while Ethereum (ETH) had rallied to $2,530, with the total market cap reaching $2.65 trillion.
Cardano’s gains also coincide with a security upgrade on the network despite falling usage.
Cardano Completes Hydra 2.4.1 Upgrade In a recent post on X, the Input Output Group noted that it has released the Hydra 2.4.1 security upgrade on Cardano and urged network users who were using previous releases to upgrade.
The Hydra 2.4.1 upgrade patched a fund-stealing vulnerability on Cardano that previously allowed malicious users within a Hydra Head to submit invalid transactions before stealing funds.
With Hydra 2.4.1, each transaction will be fully validated, which is why the IOG is urging operators running on nodes 2.3.0 and 2.4.0 to upgrade.
The Hydra upgrade comes after Cardano released the latest version of node 11.1.1 ahead of the Dijkstra hard fork, as previously reported by CoinGape. This fork will improve the network’s speed capability.
Network Activity Weakens as TVL Drops Below 300M ADA Data from DeFiLlama shows that the Total Value Locked (TVL) on Cardano has dropped below 300 million ADA despite ongoing upgrades on the network.
The number of active addresses had also dropped to 12,204 at the time of writing, per data from DeFiLlama. This is the lowest count for active addresses since August 17.
Cardano TVL & Active Addresses (Source: DeFiLlama) However, the DEX volumes have increased slightly from $1.13 million to $1.65 million. Still, these DEX volumes remain below the September high of $7.28 million.
Cardano’s Futures Activity Shows Mixed Sentiment Data from CoinGlass shows the sentiment towards the value of Cardano. Retail traders are bullish on ADA price because the long/shory reading on Binance and OKX sits at 1.89 and 2.18, respectively. Bybit has the highest long/short reading of 2.53.
However, while the accounts of large traders on Binance and Bybit and “extremely bullish” on Cardano price, the same cohort on OKX remains bearish.
ADA Long/Short Positioning (Source: CoinGlass) The smart money sentiment for Cardano on Binance and Bybit is also “extremely bearish,” while on OKX, the smart money sentiment is “extremely bullish.”
Cardano Price Defends Key Support as Double Bottom Emerges The price of Cardano has bounced from the support at $0.021. The move above this support has also created a double bottom pattern that supports a bullish future Cardano price outlook.
However, Cardano price will confirm the bullish outlook of this double bottom if the price closes above the resistance at $0.229. Still, Cardano will need to close above the 200-day EMA of $0.241 to confirm that the long-term forecast is bullish.
If this bullish thesis fails, ADA could drop to the 50-day EMA of $0.199.
ADA/USDT 1D Chart (Source: TradingView) The MACD line that is positive suggests that the momentum is still favoring bulls. However, the histogram bars that are red and negative suggest that these bulls might be losing their grip on price.
Grayscale a Bitwise dál nakupují LINK, zatímco Chainlink drží nad klíčovým supportem 11 USD. ETF za poslední seanci přilákaly 4,27 milionu USD a týdenní přílivy dosáhly 5,36 milionu USD.
Institutional demand around Chainlink strengthened as institutions expanded their LINK holdings while broader accumulation absorbed available supply.
Grayscale extended its accumulation activity after its $GLNK ETF received another 203,810 LINK worth $2.38 million from Coinbase Prime.
Over 18 days, the Grayscale ETF received around 1.05 million LINK, valued at approximately $12.12 million. These persistent purchases reinforced the institutional demand narrative despite LINK’s recent price retracement.
Additionally, Bitwise confirmed the accumulation trend after also purchasing another 163,664 LINK, worth roughly $1.91 million. Also, the institution remained a consistent buyer during the previous two weeks.
The institution’s total holdings hit 3.964 million LINK, with an average acquisition price of roughly $9.96.
Therefore, this implies that the accumulation extended beyond a single institutional vehicle, reflecting a broader sustained interest.
Reserve growth adds another demand layer The Chainlink’s strategic reserve added another 91,100 LINK, valued at roughly $1.06 million. The purchase increased the 30-day accumulation reserve to 511,000 LINK, worth approximately $5.52 million.
The acquisition brought the total reserve holdings to 5.86 million LINK, worth nearly $67.24 million. Therefore, this reserve accumulation provided another source of recurring LINK absorption alongside the institutional purchases.
Furthermore, the ETF activity also strengthened the broader demand outlook. Reportedly, Chainlink ETFs attracted $4.27 million in investor capital during the latest session as of press time.
Subsequently, the weekly ETF inflows hit $5.36 million. The products held around 2.1% of LINK’s supply and have recorded only two lifetime outflow days.
Whales keep demand tilted toward accumulation The large-holder activity reinforced the institutional trend rather than undermining it during LINK’s recent pullback.
According to CoinGlass analytics, Chainlink’s Whale versus Retail Delta registered a positive reading around 0.36.
The positive territory suggested that whale activity remained elevated relative to retail participation. This positioning aligned with purchases from Grayscale, Bitwise, and Chainlink’s strategic reserve.
Combined, the metrics showed that larger players continued absorbing LINK as price corrected after the August impulse run.
Even so, whale dominance alone did not trigger an immediate price rebound. Chainlink still needs to preserve its nearby demand zone before the whale accumulation could translate into stronger upside structure.
Source: CoinGlass Can this KEY support anchor LINK’s next recovery? On the 24-hour timeframe chart, Chainlink [LINK] stabilized around the $11.50 zone after retreating sharply from its recent swing high around $13.70 resistance.
Notably, LINK price remained above the significant $11 support level at the time of analysis. However, Chainlink had already lost the ascending trendline that guided its previous price expansion.
The breakdown increased the importance of the horizontal demand zone immediately below the current price.
Besides, the selling strength also appeared through the RSI indicator, which retreated to 52.64 after previously hitting overbought conditions. Also, its average signal sat higher at 62.00, suggesting weak buying strength during the price correction.
However, the indicator still remained above neutral territory as LINK stabilized around the support zone.
Successfully holding the $11 support level could encourage buyers to target $13.12 before eventually challenging the $13.70 resistance again.
Source: TradingView Final Summary Institutional accumulation remained strong while LINK stabilized above its crucial $11 support. Holding the $11 support could strengthen LINK’s recovery case despite weakening technical indicator signals.
Ripple emitoval dalších 10 milionů RLUSD na XRP Ledger, zatímco obíhající nabídka na síti zůstává nad 1 miliardou RLUSD. Aktivita RLUSD v září zpomalila, ale týdenní emise na XRP Ledger dosáhla 45,6 milionu.
Ripple has continued expanding the supply of RLUSD, its US dollar-pegged stablecoin, by minting 10 million additional RLUSD tokens on the XRP Ledger blockchain. The move comes as on-chain activity for RLUSD shows a moderate slowdown so far in September, according to data from a tracker account dedicated to monitoring the asset.
RLUSD supply growth and recent activityThroughout September, RLUSD’s on-chain movements have varied. On September 1, the XRP Ledger saw a major surge when $143.1 million RLUSD was minted and $7.2 million was burned. Recent days, however, have displayed far lower activity levels. For example, on September 10, no new RLUSD was minted on the XRP Ledger, while $1.5 million RLUSD was burned.
The following day, September 11, minting picked up again, with $21.9 million RLUSD added to the supply and $387,000 removed. Similar patterns appeared on Ethereum, where $0 RLUSD was minted and $15 million burned on September 10. On September 11, Ethereum saw $528,000 RLUSD minted and $4 million burned. These figures indicate that the decline in activity affects both the XRP Ledger and Ethereum blockchains.
DateXRPL MintedXRPL BurnedEthereum MintedEthereum BurnedSeptember 1$143.1 million$7.2 million––September 10$0$1.5 million$0$15 millionSeptember 11$21.9 million$387,000$528,000$4 millionOver the past week, $45.6 million RLUSD was minted and $22.8 million burned on the XRP Ledger. As a result, RLUSD’s circulating supply on XRP Ledger remains high, currently measured at $1,053,014,745.
Uniswap integration and ecosystem expansionRLUSD has recently been paired with USDS on Uniswap V4’s Sparks Stablecoin FX Layer. In its first week on Uniswap, the RLUSD/USDS pair processed more than $600 million in trading volume, signaling growing liquidity and demand on decentralized exchanges.
Clearpool, a blockchain-based on-chain credit marketplace, is relocating its primary infrastructure from Ethereum to the XRP Ledger. Partnering with Cicada Partners, Clearpool is establishing an institutional credit fund aimed at providing financing for fintech and payment sector businesses. All settlements and disbursements for this initiative are being conducted exclusively in RLUSD.
Mini dictionary: Clearpool, a decentralized credit marketplace, allows institutional borrowers to access capital from liquidity providers without traditional intermediaries, leveraging blockchain technology for transparency and efficiency.
RLUSD issuance and regulatory frameworkLaunched in December 2024, RLUSD is issued by Standard Custody & Trust Company. The company operates as a subsidiary of Ripple and is regulated as a limited-purpose trust company under the authority of the New York State Department of Financial Services (NYDFS).
Ripple claims RLUSD takes a more rigorous regulatory approach compared to many other stablecoins. The stablecoin is backed by segregated reserves under strict NYDFS supervision, and Standard Custody provides ongoing independent attestations of these reserves. Additionally, the company operates under a trust charter and is seeking to introduce a federal trust charter as an additional regulatory layer in the future.
Ripple emphasizes that RLUSD operates with a trust charter model, segregated reserves, independent attestation, and active NYDFS supervision, aiming to set a higher standard for regulatory compliance among stablecoins.
XRP se v návrhu Cryptex Digital Market Cap ETF objevuje jako způsobilá složka s váhou 4,36 % a indikovanou váhou fondu 4,41 % a předbíhá Chainlink, Solanu i Avalanche. Samostatně Listed Funds Trust posunul účinnost ETF Teucrium 2x Short Daily XRP na 11. října 2026.
TLDR: XRP ETF developments include a Cryptex S-1/A that lists XRP as an eligible 4.36% index component, with a 4.41% indicated fund weight. The Cryptex Digital Market Cap ETF table puts XRP above Chainlink, Solana, and Avalanche, yet the proposed multi-asset product is still pre-effective. Listed Funds Trust moved the Teucrium 2x Short Daily XRP ETF effectiveness date to Oct. 11, though the filing does not set a debut date. The amendment gives no stated reason for the timing change and does not cite the CLARITY Act, Senate negotiations, or a regulatory decision. XRP has appeared in two U.S. fund-registration updates that describe separate products and stages. A Sept. 11 pre-effective amendment for the Cryptex Digital Market Cap ETF lists XRP as an Eligible Component. This XRP ETF update gives XRP a 4.36% weight in the underlying Cryptex Digital Market Cap Index. The document does not signal that any shares have begun trading.
The same table places XRP above Chainlink, Solana, and Avalanche by index weight. It also shows a 4.41% prospective fund allocation after Cryptex applies its additional eligibility screens. Separately, Listed Funds Trust changed the effectiveness date for its Teucrium 2x Short Daily XRP ETF to Oct. 11. That amendment does not announce a trading date.
XRP ETF Update Gives XRP a 4.36% Cryptex Index Weight The Cryptex Digital Market Cap ETF is designed to follow the components and weightings of its digital-asset index. It is a proposed multi-asset crypto product, rather than a single-asset XRP fund. The preliminary prospectus says the shares are intended for Nasdaq under the ticker BAGZ. It has not become effective.
The Sept. 11 filing presents the index composition as of Sept. 8. XRP carries a 4.36% index weight and a 4.41% indicated fund weight. Chainlink stands at 3.15%, Solana at 2.80%, and Avalanche at 2.13% within the index. Each appears as an eligible component in the table.
Bitcoin and Ethereum hold the largest index allocations, at 25.83% and 13.55%, respectively. The index contains 36 assets, while the proposed fund screen leaves 19 constituents. Those screens address the proposed product’s own listing and operational requirements. They can alter a constituent’s final fund allocation.
The XRP ETF filing does not mean the Commission has approved the Cryptex product. A pre-effective S-1/A is a registration and disclosure step before sales may begin. The proposed product must become effective and complete its exchange-listing process. It also must satisfy the terms set by its sponsor and service providers.
XRP ETF Short Fund Filing Moves Effectiveness to October 11 A separate Sept. 11 filing came from Listed Funds Trust, not from Cryptex. Post-Effective Amendment No. 606 covers the Teucrium 2x Short Daily XRP ETF. It designates Oct. 11, 2026, as the new effective date for a previously filed amendment. It also identifies the form as Amendment No. 608 under the Investment Company Act.
The XRP ETF document says its sole purpose is to delay the fund’s effectiveness. It gives no explanation for the change and names no scheduled first trading day. For that reason, the record does not support describing the action ads an SEC decision to delay a launch. The trust submitted an amendment that sets a later effective date under Rule 485(b).
The Teucrium fund seeks negative twice XRP’s daily return before fees and expenses. It uses financial instruments, including swaps, instead of directly shorting XRP. If XRP falls 3% in one trading day, the stated objective would target roughly a 6% gain before costs. Actual returns can differ from that target after expenses and compounding.
The XRP ETF product resets its exposure each day. Compounding and volatility can cause returns over longer periods to differ from negative twice XRP’s cumulative move. The prospectus warns that investors can lose money even when XRP declines over a longer period as daily results compound. It describes the fund as a short-term trading vehicle requiring active monitoring.
The September amendment does not cite the CLARITY Act, Senate negotiations, or political opposition. It incorporates earlier registration materials by reference and changes only the effective date. The filing provides no trading date, exchange symbol, or new investment strategy for the Teucrium fund.
Federal Register zařadil XRP po bok Bitcoinu, Etheru a Solany mezi digitální aktiva splňující kritéria pro Commodity-Based Trust Shares. Nejde ale o schválení XRP ETF.
A recent Federal Register notice has drawn attention by formally naming XRP alongside Bitcoin, Ether, and Solana in its review of eligibility standards for Commodity-Based Trust Shares. This development marks another step in XRP’s interaction with regulated investment frameworks in the United States.
XRP appears among leading digital assets in official noticeThe Federal Register, which serves as the official journal for US government rules and notices, included XRP as one of four digital assets meeting eligibility criteria for potential Commodity-Based Trust Share listings. Researcher BankXRP highlighted the inclusion on the X platform, noting XRP’s appearance directly alongside other prominent cryptocurrencies.
BankXRP observed that XRP, Bitcoin, Ether, and Solana are named as qualifying digital commodities for trust share listings in the Federal Register, drawing attention to the document’s more specific eligibility language.
The notice, issued on August 3, 2026, relates to a Cboe BZX Exchange proposal amending rules associated with Commodity-Based Trust Shares. Bitcoin, Ether, Solana, and XRP are listed as assets that satisfy the exchange’s generic listing standards, contingent on certain market and product conditions.
Each asset’s eligibility depends on both an established futures market and the existence of an exchange-traded fund that covers at least 40% economic exposure for the commodity.
The explicit reference puts XRP in a regulatory context with Bitcoin, Ether, and Solana, emphasizing its role as a candidate for regulated trust structures.
AssetNamed in NoticeQualifying Futures MarketETF With ≥40% ExposureBitcoinYesYesYesEtherYesYesYesSolanaYesYesYesXRPYesYesYesMini dictionary: Federal Register, the daily official publication for rules, proposed rules, and notices from U.S. federal agencies and organizations.
The distinction between eligibility and ETF approvalDespite XRP’s prominent mention, the Federal Register notice does not represent approval for an XRP exchange-traded fund. Instead, it clarifies which assets meet eligibility for trust share listings under existing and proposed rules. The Cboe BZX Exchange’s proposal discusses both the current requirements and a suggested buffer that could permit assets not fully meeting all criteria to qualify under specific conditions.
This language deals with listing requirements for regulated investment vehicles. It does not serve as a Securities and Exchange Commission (SEC) declaration on XRP’s status as a security or non-security. Eligibility under trust share listing standards is considered separately from regulatory classifications that may apply in different contexts.
The Federal Register’s inclusion of XRP relates only to the asset’s suitability for Commodity-Based Trust Shares and does not indicate that an XRP ETF is approved or imminent.
Potential impact for future XRP investment productsWhile XRP’s mention is significant for ongoing discussions about regulated investment products, market observers note that it does not initiate or guarantee new listings. The implications of this eligibility could become clearer if applicants reference the Federal Register notice in future XRP trust filings with regulators.
BankXRP emphasized the importance of XRP’s presence in the eligibility discussion, suggesting it strengthens the regulatory foundation for any future products.
However, eligibility in the Federal Register is just the initial step. Actual approval for any XRP-based trust or ETF would require a separate review and decision by regulatory bodies.
The situation highlights the evolving regulatory landscape for digital assets as governmental agencies refine requirements for commodities, securities, and various investment products.
XRP se objevil v podáních dvou amerických fondů, včetně Cryptex Digital Market Cap ETF s váhou 4,36 % v indexu. Účinnost Teucrium 2x Short Daily XRP ETF byla nově posunuta na 11. října 2026.
XRP has appeared in two recent US fund registration filings, indicating growing institutional attention toward the digital asset. Both fund updates describe separate products in different stages of development, with XRP featuring as a key component in each.
Cryptex ETF filing includes XRP as major componentThe Cryptex Digital Market Cap ETF, a proposed multi-asset cryptocurrency fund, submitted a pre-effective amendment on September 11. This filing lists XRP as an eligible component with a 4.36% weighting in the underlying Cryptex Digital Market Cap Index as of September 8.
Cryptex Finance is a digital asset index provider that has developed a multi-asset index designed to track the overall cryptocurrency market. The ETF, if approved, is planned to trade on Nasdaq under the ticker BAGZ and is not a single-asset XRP fund.
XRP holds a 4.36% index weight, exceeding the assignments for Chainlink, Solana, and Avalanche in the same index. After Cryptex applies its final eligibility screens, XRP’s indicated fund allocation stands at 4.41%.
Other major cryptocurrencies hold leading index positions, with Bitcoin at 25.83% and Ethereum at 13.55%. Chainlink, Solana, and Avalanche have respective index weights of 3.15%, 2.80%, and 2.13%. The original index contains 36 assets, while the final fund allocation narrows the list to 19 constituents that meet operational and listing requirements.
AssetIndex Weight (%)Bitcoin (BTC)25.83Ethereum (ETH)13.55XRP4.36Chainlink (LINK)3.15Solana (SOL)2.80Avalanche (AVAX)2.13The ETF’s S-1/A amendment is a preliminary registration step and does not mean the product has been approved or that trading will begin imminently. The product must still become effective, complete its listing process, and satisfy all regulatory and sponsor requirements.
Mini dictionary: Cryptex Finance is a digital asset index provider specializing in creating market capitalization indexes to enable crypto-based ETF products. The Cryptex Digital Market Cap ETF aims to offer exposure to a broad range of cryptocurrencies following eligibility and listing screens.
Teucrium short XRP fund effective date pushed to OctoberIn a separate filing on September 11, Listed Funds Trust amended the effectiveness date for its Teucrium 2x Short Daily XRP ETF. The new target date is set for October 11, 2026.
Listed Funds Trust is an investment firm known for launching exchange-traded products that track strategies in both traditional and digital markets. This specific fund aims to deliver negative two times the daily return of XRP before fees and expenses by using swaps, rather than by selling XRP directly.
If XRP declines by 3% in one trading day, the fund targets roughly a 6% increase before costs. Due to the effects of compounding and daily leverage resetting, long-term returns may differ significantly from negative twice XRP’s cumulative movement.
The fund’s prospectus highlights that investors can lose money even if XRP falls, due to the compounding effects inherent in daily resets, and refers to the product as a short-term trading vehicle needing active monitoring.
The recent amendment only changes the effective date and does not specify an initial trading date, exchange symbol, or any new investment strategy for the fund. The filing does not attribute the timing adjustment to regulatory developments, pending legislation, or political negotiations, including the CLARITY Act or any Senate decisions.
Mini dictionary: Listed Funds Trust is an asset management company that sponsors and manages various exchange-traded funds, including those tied to cryptocurrencies and their derivatives. Teucrium is its partner providing commodity and digital asset fund management expertise.
Solana Mobile varuje uživatele před phishingem po průniku do Brevo, který zasáhl 138 účtů, z nichž 6 bylo zneužito k odeslání podvodných e-mailů a 43 mělo exportované kontaktní seznamy. Kryptofirmy včetně Trezor, BitBox a CoinTracking hlásí podobné útoky.
Email marketing platforms are the quiet infrastructure of the internet, the unglamorous pipes that move newsletters and alerts from companies to inboxes. A breach at Brevo, the email marketing service formerly known as Sendinblue, exposed a vulnerability that sent ripples across the crypto industry, prompting Solana Mobile to warn its users about elevated phishing risks.
The breach unfolded on September 9-10, 2026, when an attacker exploited a flaw in Brevo’s SAML SSO handling, a single-sign-on authentication mechanism that, when misconfigured or vulnerable, can hand an outsider the keys to a remarkably wide door.
What actually happened The attacker gained unauthorized access to 138 Brevo customer accounts using the SSO vulnerability. Of those, six accounts were weaponized to send phishing emails directly to subscribers. Another 43 accounts had their contact lists exported, meaning email addresses quietly left the building even if no phishing message followed immediately.
Brevo identified the intrusion and closed the attack vector by approximately 8:30 AM UTC on September 10, resetting active sessions to cut off further unauthorized access.
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The crypto sector bore the brunt of the targeting. Trezor, the hardware wallet maker, disclosed that phishing emails reached roughly 347,000 of its newsletter subscribers on September 9. BitBox and CoinTracking also confirmed their Brevo accounts were among those exploited, with their user bases receiving similar impersonation attempts.
The phishing campaigns leaned on a familiar playbook: impersonate a trusted brand, manufacture urgency around a fabricated security issue, and push the recipient toward a malicious link or credential-harvesting page. The raw material for these attacks was the exported contact data, not a direct compromise of wallets or private keys.
Solana Mobile issued a warning to its users flagging the phishing risk in the wake of the incident. The company’s own account does not appear to have been among the 138 compromised, but the broader exposure across crypto-adjacent firms was enough to warrant a public heads-up to anyone who might receive suspicious emails claiming to be from the brand.
Why crypto companies keep ending up here Third-party email platforms create a structural risk that individual companies can do little to fully control. A company can secure its own systems, implement rigorous access controls, and train its staff, and still find itself exposed because a vendor somewhere upstream had a misconfigured authentication layer.
The SAML SSO vulnerability at the center of this breach is worth understanding briefly. SAML, which stands for Security Assertion Markup Language, is the technology that lets you log into a third-party service using credentials from another provider. When a vulnerability exists in how the assertions are handled or verified, an attacker can potentially forge or hijack authentication tokens, gaining access without needing a password at all.
What users and companies should do now The immediate risk for anyone subscribed to a crypto-related newsletter, whether from Trezor, BitBox, CoinTracking, Solana Mobile, or any other brand using Brevo, is a heightened volume of convincing phishing attempts. The emails will likely reference real products, use accurate branding, and create pressure around urgent security scenarios.
The core defense is skepticism about unsolicited emails asking for any action, particularly clicking links, entering credentials, or confirming seed phrases. No legitimate crypto company will ask for a seed phrase over email. Ever.
For companies, the incident highlights a due diligence gap that has become increasingly costly. Vetting third-party vendors for security posture, specifically their authentication infrastructure and incident response capabilities, is no longer optional for businesses operating in high-value target sectors.
Trezor’s exposure of 347,000 subscriber addresses in a single incident gives a sense of scale. Contact lists built over years of legitimate marketing become attack infrastructure when they fall into the wrong hands, no wallet compromise required.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
12 September 2026 | 19:43 BNB Chain’s reported RWA growth points to stronger issuer distribution, but it does not show whether tokenized assets are generating lasting onchain activity.
Key Takeaways BNB Chain led reported 2026 RWA growth. The chart measures growth, not total value. Funds and tokenized equities added distribution. Asset value does not guarantee BNB demand. Issuer concentration remains an important risk. BNB Chain led CryptoRank’s 2026 growth comparison BNB Chain shared a CryptoRank chart on September 12 that ranked the network first for real-world asset (RWA) value growth in 2026. RWAs are blockchain-based tokens linked to traditional assets, including funds, Treasuries, credit and equities.
Using RWA.xyz data, CryptoRank put BNB Chain’s year-to-date RWA value growth at about $3.6 billion. Solana followed with $2.6 billion and Stellar with $2.5 billion. The comparison does not measure total RWA value, trading activity, network revenue or demand for BNB.
The public chart also does not provide a product-by-product breakdown or its full calculation methodology. It shows the scale of the reported increase, but not which assets generated it or how much of the change came from each category.
Who run the (RWA) world?
BNB Chain.https://t.co/DTZP40o83D
— BNB Chain (@BNBCHAIN) September 12, 2026
One dashboard can show four different RWA stories The ranking needs context because onchain-asset dashboards track different measures. On September 12, RWA.xyz’s BNB Chain dashboard showed about $5.6 billion in distributed asset value, $14.3 billion in stablecoins and $14.9 billion in 30-day RWA transfer volume.
What each number measures
About $3.6B: reported 2026 growth
The year-to-date change shown in CryptoRank’s comparison. It is not an additional asset pool to add to the current total.
About $5.6B: distributed asset value
Tracked RWA tokens that can move outside their issuing platforms. The figure does not show how often they trade.
About $14.3B: stablecoin market cap
Stablecoins are tracked separately from tokenized investment products and should not be treated as the same category.
About $14.9B: 30-day transfer volume
Transfers can include trades, issuer operations, redemptions, bridge activity and wallet movements—not only fresh investor demand.
For that reason, transfer volume can indicate activity without showing whether investors are accumulating assets. Recent tokenized-stock data showed that transfers can grow much faster than the capital held in the products.
Issuer distribution is widening, but the breakdown is unclear BNB Chain now hosts tokenized money-market products, Treasury-linked funds and tokenized equities. Its institutional-finance page lists BlackRock’s BUIDL fund, Franklin Templeton’s BENJI platform, Circle’s USYC and Ondo Global Markets among products available on the network.
Public data does not isolate how much each product contributed to the $3.6 billion increase. Tokenized equities may be one contributor: BNB Chain introduced bStocks as BEP-20 tokens in June, while Ondo Global Markets expanded access to tokenized U.S. stocks and ETFs.
Availability is not uniform. KYC checks, transfer restrictions, investor eligibility and redemption terms can vary by product and jurisdiction. Economic exposure to a stock or fund also does not automatically provide the voting, custody or redemption rights attached to an ordinary security, as explained in this guide to RWA tokenization platforms.
Binance Research, the exchange group’s research arm, estimated in July that BNB Chain hosted close to 30% of tokenized equities and ETFs by market capitalization. Its analysis also found substantial bStocks turnover onchain, much of it outside U.S. market hours, while noting that tokenized-equity trading remained a small share of activity in the underlying stock market.
The relevant test is whether these products retain users after issuance through secondary liquidity, collateral use and repeat settlement, not merely whether they can be issued onchain.
Why more RWA value does not automatically lift BNB demand BNB is used to pay network fees and participate in the BNB Chain ecosystem. Tokenized products may increase fee usage when they create transactions that would not otherwise take place on the chain. Their face value, however, does not translate directly into demand for BNB.
A large money-market fund may remain largely inactive after issuance. A tokenized equity can trade often while generating limited fees because BNB Chain transactions are inexpensive. Gas sponsorship and custodial interfaces can further weaken the link between end-user activity and direct BNB purchases.
The evidence to watch is additional fee-paying activity tied specifically to tokenized assets: recurring settlement, secondary trading, collateral transfers and DeFi use. These show more about network use than the notional value of tokens held on the chain.
A lead in RWA value can still be concentrated RWA.xyz’s BNB Chain platform table includes a small group of major issuers and platforms, including Franklin Templeton, Circle, BitGo, Ondo and Binance-linked products. That concentration is common in a regulated market, where issuers need compliance and distribution infrastructure before bringing assets onchain.
It also means that a few decisions can materially affect the ranking. An issuer changing networks, a large redemption or a platform reducing support for a product could reverse part of the reported growth without demonstrating a broad shift in user demand.
The same issue appeared in Solana’s RWA and payments data, where high activity depended heavily on a limited number of issuers and venues. A chain can win issuer distribution before it wins broad user adoption: the first appears in asset listings, while the second requires persistent holders and liquid secondary markets.
What would make BNB Chain’s lead more durable? More issuers: A smaller share controlled by the largest platforms would reduce dependence on a few providers. Deeper secondary markets: Tighter spreads, available liquidity and repeat trading without temporary incentives would show use beyond issuance. Visible DeFi use: Collateral balances, lending markets and RWA-specific transactions would show whether the assets are becoming financial building blocks. BNB Chain’s ranking is meaningful evidence that issuers are selecting the network for distribution. It becomes stronger evidence of a durable RWA market only if those assets continue to change hands in liquid venues, work as collateral and attract users beyond the initial issuing platforms.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Hey Wallet ukončuje provoz své Solana peněženky, která umožňovala posílání krypto přes X a tipování na Discordu. Uživatelé by si měli co nejdřív zálohovat privátní klíče a přesunout aktiva jinam.
Hey Wallet, the Solana-based social wallet that let people send crypto through their X handles and tip creators on Discord, announced it’s shutting down. The service posted the news on its official X account, directing users to back up their wallets at heywallet.com before the lights go off for good.
No specific shutdown date was given. No reason was offered either, just a thank-you to the community and a polite but urgent reminder to export private keys and move assets elsewhere.
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What Hey Wallet actually did Hey Wallet launched in 2021, born out of a Solana hackathon with a straightforward premise: connect web2 social networks with blockchain functionality.
In practice, that meant users could send SOL to someone’s X handle instead of copying and pasting a 44-character wallet address. They could tip content creators on Discord, swap tokens through Telegram, and mint NFTs, all from within the social platforms they were already using.
A pattern forming in wallet closures Hey Wallet isn’t closing in isolation. It joins a growing list of wallet services that have shut down this year, including HaHa Wallet and Magic Eden’s ME Wallet.
What affected users should do now The immediate concern is practical. Anyone who used Hey Wallet to store SOL or other Solana-based tokens needs to act before the service goes offline. The company has pointed users to heywallet.com to export their private keys, which can then be imported into any compatible Solana wallet.
The process itself is straightforward: visit heywallet.com, export your wallet’s private key or seed phrase, and import it into Phantom, Solflare, or another Solana wallet. Any tokens held in the wallet belong to the blockchain, not to Hey Wallet’s servers, so the assets themselves aren’t at risk as long as users complete the migration.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Revolut po falešné žádosti odhalil identitu klientů i jejich záznamy, včetně historie transakcí v Bitcoinu. Únik zahrnoval i doklady, selfie a čísla bitcoinových peněženek.
Revolut has disclosed customer identities and financial records, including Bitcoin transaction histories, after acting on a fraudulent request that appeared to come from a government agency.
Summary
Revolut said an unauthorized sender used an official government agency’s email domain. The disclosed records included identity documents, verification selfies, and full transaction histories. Bitcoin wallet reference numbers appeared in account statements listed in the customer notice. ZachXBT said the incident appeared limited and may have targeted high-net-worth users. According to a Revolut customer notice shared on Telegram by on-chain investigator ZachXBT, the request came from an unauthorized email account that used an official government agency’s domain. The message passed domain authentication checks, and Revolut said it believed the request was genuine when it provided the information.
Source: Telegram/zachxbt The notice does not name the agency or say how the unauthorized sender obtained access to its email domain. It also gives no date for the request or the disclosure. ZachXBT said multiple customers received an alert email on Friday, Sep. 11, but neither he nor the portion of the notice shown in his post gave a confirmed count of affected users.
How the fake request reached Revolut In its account of the incident, Revolut said the email appeared to be a legitimate government request because it carried valid domain authentication credentials. The request was sent directly from an unauthorized account using the agency’s official email domain, rather than from an address made to look similar to it.
“As the communication carried valid domain authentication credentials, it was fulfilled under the reasonable belief that it was an authentic government agency request,” the notice said.
The wording describes an unauthorized disclosure made in response to a deceptive request. The notice does not say that an intruder entered Revolut’s systems, accessed customer accounts or withdrew funds. It does not identify the person who sent the request or say whether the agency has investigated the use of its email account.
ZachXBT described the incident as likely limited in size and said it appeared to have targeted high-net-worth users. Revolut’s notice, as shown in the screenshot, does not confirm either the size of the affected group or how the customers were selected.
What Revolut says it disclosed Revolut listed customers’ full names, dates of birth, and occupations among the identity details provided. Contact information included postal addresses, email addresses, and telephone numbers.
The request also resulted in the disclosure of copies of identity documents, such as passports or driver’s licences, along with the selfies customers supplied for identity checks. Revolut drew a distinction between those images and biometric facial telemetry data, which it said was not involved.
Account statements formed another part of the disclosed material. According to the notice, the statements included IBANs, account status, account-opening dates, and Bitcoin wallet reference numbers. Withdrawal records and full transaction histories, including Bitcoin transactions, were also provided.
The notice lists categories of information that may have been disclosed; it does not establish that every affected customer had every type of record on file. Nor does it say that wallet private keys, account passwords or full payment card details were included. Bitcoin transaction histories are particularly relevant to crypto users because the notice places them alongside names and other account records in the information sent to the unauthorized requester.
Revolut serves more than 80 million customers globally, according to an August company announcement. That customer figure describes the size of its business, not the number affected by this disclosure.
What the records could mean for affected customers The UK Information Commissioner’s Office says the possible consequences of a personal data breach include identity theft, fraud and financial loss. Its breach guidance calls for an assessment of the information involved and the likely harm to individuals; it does not establish that anyone has suffered those outcomes in the Revolut incident.
For a customer whose identity document and transaction records were both disclosed, the notice indicates that the recipient could have obtained a detailed account of that person’s finances. ZachXBT’s claim about wealthy users being targeted has not been confirmed by Revolut in the material shown, and no subsequent misuse of the records is documented there.
The regulator’s guidance also says organizations must report certain personal data breaches within 72 hours of becoming aware of them, where feasible, and notify individuals without undue delay when the risk to their rights and freedoms is high. The screenshot does not say whether Revolut has notified a regulator or when the company first learned of the unauthorized request.
In its U.S. security guidance, Revolut tells customers to use in-app support chat to check whether a suspicious contact is genuine. The company says it will not ask customers to share verification or security codes over the phone. The customer notice shown by ZachXBT does not report that such codes were disclosed.
Revolut’s U.S. and crypto operations The incident comes during Revolut’s expansion of its banking and digital-asset services. On Aug. 26, the company began offering its euro-backed EURR stablecoin to selected customers in Denmark, Poland, and Portugal, with further European availability planned, as previously reported by crypto.news. The stablecoin rollout is separate from the customer-record disclosure.
Revolut’s U.S. plans provide context for American readers, although the notice does not identify any affected customer as being in the United States. On Sep. 3, the company received conditional approval for a U.S. bank from the Office of the Comptroller of the Currency. Its proposed Stamford, Connecticut, bank would receive about $95 million in initial capital and could open in 2027 if it obtains the remaining approvals.
For now, Revolut provides U.S. customer banking services through Lead Bank, according to the earlier report. The proposed national bank still needs deposit insurance from the Federal Deposit Insurance Corporation, Federal Reserve approval, and final OCC authorization before it can open.
BlackRockův iShares Ethereum Trust (ETHA) přilákal 11. září čistý příliv asi 149 milionů USD, tedy téměř 69 % z 216 milionů USD do amerických spotových Ethereum ETF. Kumulativní čisté přílivy ETHA tak vzrostly na 13,013 miliardy USD.
BlackRock’s Ethereum ETF just had another massive day. The firm’s iShares Ethereum Trust, trading under the ticker ETHA, pulled in roughly $149 million in net inflows on September 11, accounting for nearly 69% of the $216 million that flowed into US spot Ethereum ETFs that session.
The purchase pushes ETHA’s cumulative net inflows to $13.013 billion, a figure that cements BlackRock’s position as the dominant force in the Ethereum ETF space. Total sector net assets now sit at approximately $16.305 billion, meaning BlackRock alone is responsible for the vast majority of capital that’s entered these products.
One fund, most of the market This kind of concentration isn’t new. BlackRock pulled a similar trick with its spot Bitcoin ETF, IBIT, which routinely dwarfed competitors in daily inflow volume after launching in early 2024.
The September session also continues a broader trend of institutional money flooding into Ethereum through regulated vehicles. August 2026 saw $1.75 billion in cumulative inflows across the entire spot Ethereum ETF sector. ETHA contributed over $1 billion of that total during a notable nine-day inflow streak.
Beyond holding: the staking expansion In March 2026, the firm launched ETHB, a staked Ethereum ETF that lets investors earn yield on their holdings. Staking involves locking up ETH to help validate transactions on the Ethereum network, earning rewards in return. By packaging this into an ETF wrapper, BlackRock gives traditional finance clients access to native crypto yields without requiring them to run validator nodes or manage private keys.
What this means for Ethereum’s market structure The January 2026 precedent is worth noting. Earlier this year, BlackRock-linked wallets recorded a significant ETH purchase of roughly $149 million in a single day, a figure that almost exactly mirrors the September 11 inflow.
The risk cuts both ways. If market sentiment shifts or a macro shock triggers broad de-risking, the same ETF structure that channels billions in becomes a conduit for billions out. Redemption flows would force selling of the underlying ETH, potentially amplifying downside moves.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
According to EmberCN’s monitoring, a whale who previously offloaded 50,600 ETH at an average price of $2,921 at the end of last year, locking in around $19.02 million in profits, has re-entered the market to buy BTC after staying inactive for roughly 8 months. The whale has recently conducted continuous cross-chain swaps via THORChain, spending a total of $85.42 million in USDC over 4 days to acquire 1,075.6 BTC at an average cost of around $79,412, including approximately $170,000 in swap fees paid to THORChain. Around September 9 alone, the address bought 179.8 BTC using $14.2 million in USDC within 24 hours, at an average transaction price of roughly $78,955.
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Analysis: Bitcoin sentiment indicator hits a two-year high, market frenzy is cooling down.
CryptoQuant analyst Darkfost stated that Bitcoin’s recent rally has lifted investor sentiment to its strongest level since March 2024. The market sentiment metric he tracked once surged above 89/100, entering the "extreme greed" territory. This indicator integrates multiple data points including the Fear & Greed Index, with a scale spanning -100 to +100, where -100 corresponds to extreme fear and +100 to extreme greed. Darkfost pointed out that extremely bullish or bearish market sentiment typically signals a potential trend inflection point. Currently, as prior market euphoria gradually recedes, the sentiment metric is cooling to a more normal level, while Bitcoin continues to struggle to defend its current price range.
22 minutes ago
Micron issues a generous maximum bonus of up to 68 months' salary; the labor union in Taiwan, China still threatens to strike.
Micron Technology announced it will distribute record 2026 fiscal year bonuses to its employees in Taiwan, China, with some staff receiving bonuses equivalent to up to 68 months of salary, and the minimum cash compensation reaching 1.7 million New Taiwan Dollars (approximately $53,800). Entry-level engineers are set to receive an average total bonus of around 3.4 million New Taiwan Dollars, plus annual equity grants. However, the Taoyuan Union, which represents roughly two-thirds of Micron’s workforce in Taiwan, China, still rejects the current plan, insisting that 15% of the company’s operating profit be allocated to employee bonuses. The union added that it will proceed with strike procedures if Micron does not respond to its demands. Micron currently employs about 15,000 people in Taiwan, China, with cumulative investments exceeding 1.6 trillion New Taiwan Dollars. The increased bonus payouts are widely viewed as tied to the profit-sharing mechanisms of South Korean memory chip makers. This year, Samsung Electronics, under pressure from union strikes, ultimately agreed to establish a special bonus pool equal to 10.5% of its semiconductor division’s operating profit. As labor negotiations between Micron and its staff in Taiwan, China enter a critical phase, a potential full-scale strike could disrupt Micron’s production schedule and further roil the global memory chip supply.
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Dell surges 12% in a single day to reach an all-time high, as Oracle named it a core supplier for its $95 billion AI spending.
Oracle management explicitly stated during its earnings call that its fiscal 2027 capital expenditure (capex) of $90 billion to $95 billion will be focused on expanding AI data centers, naming suppliers including Dell and HPE. Boosted by this news, Dell Technologies’ U.S. stock surged 11.98% on Friday, hitting a record high, with its market capitalization exceeding $360 billion, bringing its year-to-date gain to nearly 350%. Oracle previously disclosed that its fiscal 2027 capex will increase significantly, primarily for purchasing AI server racks, liquid cooling systems, and networking equipment. Meanwhile, the company’s AI cloud orders continue to grow, further boosting visibility for Dell’s future AI server orders. RBC Capital initiated coverage on Dell and assigned it an "Outperform" rating, noting the company will continue to benefit from the multi-year AI infrastructure investment cycle, and highlighting its supply chain capabilities as a competitive moat. Dell currently has over 6,500 AI server customers; its AI server revenue hit $16.4 billion in the second quarter, up 100% year-over-year, with AI server backlog reaching $95 billion at the end of the quarter. As cloud providers like Oracle continue to ramp up AI infrastructure investments, Dell is emerging as a key beneficiary of the current AI capex expansion cycle.
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As oil prices top $100, the BRICS Summit has centered on Iran, yet divisions among its members have deepened.
The BRICS Leaders' Summit was held in New Delhi, India. As the ongoing conflict involving Iran continues to disrupt the Strait of Hormuz and Red Sea, and international oil prices have topped $100, Iran emerged as one of the core topics at this year's summit. Member states including China, Russia and India have direct communication channels with Iran, a diplomatic advantage the U.S. currently lacks. Iranian President Masoud Pezeshkian called on member states ahead of the summit to establish alternative financial instruments to reduce reliance on the Western-led financial system, and criticized the U.S.-dominated global order. Russian President Vladimir Putin, meanwhile, advocated for advancing the establishment of a BRICS platform more independent from Western rules, with a focus on strengthening cooperation in payments, investment, technology and infrastructure. However, it will not be easy for BRICS to position itself as a mediator in the Middle East crisis. Iran is on opposing sides of a conflict with the United Arab Emirates (UAE), another BRICS member, which has previously suspended trade and financial exchanges with Iran; India, meanwhile, must balance its relations with the U.S., Gulf states, Russia and Iran. Divergences among member states previously led to the foreign ministers' meeting failing to issue a joint statement. What the market is currently more focused on is whether BRICS can reach a minimal consensus on energy security, cross-border payments and the Middle East situation. With ongoing disruptions to shipping in the Strait of Hormuz, whether the summit can ultimately deliver a unified stance will also serve as an important window for observing global energy and geopolitical trends.
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Viewpoint: The Federal Reserve’s interest rate hikes are fundamentally unnecessary, and the overall economy is stable.
Liz Miller, founder and president of U.S. wealth management firm Summit Place Financial Advisors, said that while markets widely expect the Federal Reserve to raise interest rates next week, further policy tightening is "fundamentally unnecessary" given the overall economic stability. Miller noted, "I think most investors believe the Fed will raise rates next week, and I also think that’s highly probable. But it’s fundamentally unnecessary. I’d be interested to hear the discussions at the policy meeting, as some Fed officials firmly believe action is needed before overall inflation picks up to push it back to the 2% target. However, if we take a patient view of other parts of the economy, they are actually performing quite stably. I’m not sure a broad rate hike is truly necessary. We can continue to monitor whether rising oil prices will spill over and watch core inflation gradually fall."
22 minutes ago
ZachXBT: Revolut Suspected of Leaking Data of Some High-Net-Worth Users Due to Trusting a Forged Government Request
On his personal channel, blockchain investigator ZachXBT stated that fintech firm Revolut allegedly failed to detect a forged government agency request, leading to the leakage of some users’ personal identifiable information (PII). According to his disclosure, Revolut received a customer information retrieval request that appeared to come from a legitimate government agency, sent via the agency’s official email domain. Since the email had valid domain authentication details, Revolut deemed the request authentic and responded. The potentially involved data includes users’ names, dates of birth, occupations, addresses, emails, phone numbers, as well as copies of passports or driver’s licenses, identity verification selfies, account statements, IBANs, withdrawal records, and full transaction histories—including Bitcoin transactions. In its notification to users, Revolut said no biometric facial telemetry data was leaked. ZachXBT noted that the incident’s scale may be limited, but it appears to target primarily high-net-worth users. Multiple Revolut users received alerts about the security incident yesterday. Revolut officials have previously reminded users to verify suspicious communications via in-app customer service and avoid providing personal or financial information.
Flare spustil Flare Confidential Compute na testnetu Coston2 a staví ho na stejném souboru poskytovatelů jako FTSO a FDC. Datum spuštění mainnetu zatím neoznámil.
@FlareNetworks has launched Flare Confidential Compute (FCC) on the Coston2 testnet, with a rollout to Songbird scheduled as the next step. The deployment is notable for how it is structured: rather than introducing a separate operator set, FCC inherits the existing signing policy and weighted provider infrastructure that already underpins the Flare Time Series Oracle (FTSO) and the Flare Data Connector (FDC).
How FCC Uses the Existing Provider Set According to Flare's developer hub, FCC extends the Flare blockchain with Trusted Execution Environments (TEEs) to enable secure off-chain computation, cross-chain transaction signing, and fast data attestation. The code runs inside hardware-isolated enclaves, and operators cannot inspect the instructions being processed inside them. Data providers and cosigners function as instruction relayers, parsing instruction events from smart contracts, augmenting them with external data, signing them, and transmitting them to TEE machines.
Because FCC draws on the same provider set that powers FTSO and FDC, it does not require a new trust layer to be bootstrapped from scratch. FTSO is Flare's native oracle, built directly into the network's core protocol, delivering price feeds backed by around 100 independent data providers selected through delegated stake. FDC, meanwhile, handles cross-chain verification. FCC sits on top of both, using their combined economic security.
One of the key capabilities unlocked by this architecture is Protocol Managed Wallets (PMW). PMW enables programmable assembly and signing of transactions on external blockchains, including XRPL and Bitcoin, through smart contract calls on Flare. That means enclaves running inside FCC can sign transactions on third-party chains without exposing private keys to any operator.
Pre-Production Status, No Mainnet Date Flare's developer hub states that FCC is in the final stages of development and is not yet a fully public production system. No mainnet launch date has been announced. Developers can already begin building Flare Compute Extensions (FCE) using the available getting-started guides, but the system remains in a pre-production phase.
The range of use cases FCC is designed to support is broad. The infrastructure supports transaction types including swaps, lending, borrowing, staking, cross-chain transfers, and large order execution, as well as dark pools and sealed-bid auctions that are difficult to implement on fully transparent public ledgers.
For now, the Coston2 testnet deployment gives developers a live environment to test confidential compute applications ahead of any broader release.
Sources:
Flare Developer Hub: Flare Confidential Compute Overview
Flare Network: Flare Time Series Oracle (FTSO)
Coin Edition: Flare Developers Build Privacy Layer for XRP Ledger and Bitcoin
EURC od Circle začal obchodovat na Upbitu 28. srpna v 5:00 UTC a korejským traderům otevírá přímý obchodní pár EURC/KRW. K dispozici jsou také páry EURC/BTC a EURC/USDT.
Circle’s euro stablecoin just landed on one of crypto’s most active trading floors. EURC began trading on Upbit, South Korea’s dominant digital asset exchange, on August 28 at 5:00 a.m. UTC, opening three pairs: EURC/KRW, EURC/BTC, and EURC/USDT.
A direct EURC/KRW market means converting won into euros without routing through dollars first, cutting out a conversion step that typically costs both time and fees.
What EURC actually is, and why compliance matters here EURC is issued by Circle Internet Financial Europe SAS, a French electronic money institution. Every token is backed 1:1 by euro reserves held at regulated institutions inside the European Economic Area, a full-reserve model that leaves no ambiguity about what underpins the peg.
EURC is designed specifically to meet the EU’s Markets in Crypto-Assets framework, better known as MiCA, which sets out reserve, disclosure, and operational requirements for stablecoin issuers.
EURC circulates across multiple blockchains, including Ethereum, Solana, and Stellar. Circulation exceeded €400 million as of mid-August 2026, more than double the figure from a year earlier.
The groundwork: Circle and Dunamu’s April partnership Circle and Dunamu, the company that owns and operates Upbit, signed a Memorandum of Understanding on April 13, 2026, focused on digital asset innovation and stablecoin education in South Korea.
South Korea has one of the world’s highest rates of retail crypto participation, but euro-denominated digital assets have had almost no presence in that market. Most Korean traders engaging in stablecoin activity have defaulted to dollar-pegged assets, primarily USDT and USDC.
What the listing means for traders and the broader stablecoin market The EURC/BTC pair adds another dimension. Bitcoin priced in euros is not a novel concept in European markets, but it is unusual in South Korea, where BTC has historically traded at a premium to global prices, a phenomenon known as the kimchi premium. EURC/BTC gives sophisticated traders an additional arbitrage surface, particularly when European and Korean Bitcoin prices diverge.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Výnosy protokolu BNB Chain vyskočily o 42 % na 3,2 milionu USD a dosáhly nejvyšší úrovně od října 2025. BNB zároveň za 24 hodin přidal 2,57 % na 727,01 USD.
TLDR: BNB Chain protocol revenue reached $3.2 million on September 9, its highest level since October 2025. BSC protocol revenue rose 42% from $2.25 million on July 31 to $3.2 million by September 9. Base network protocol revenue jumped nearly 194%, from $347,000 to $1.02 million in five weeks. BNB traded near $727.01, gaining 2.57% in 24 hours and 1.10% over the past seven trading days. BNB Chain protocol revenue climbed 42% to reach $3.2 million on September 9, marking its highest daily level since October 2025.
The jump reflects a sharp rise in fee-generating activity across all protocols operating on BNB Smart Chain. The reading compares to $2.25 million recorded on July 31, when Bitcoin traded near $62,400.
Bitcoin has since risen about 26% to $78,400, yet BNB Chain protocol revenue expanded at a considerably faster pace than Bitcoin’s price over the same stretch.
BNB Chain Revenue Outpaces Bitcoin Price Direction The current reading also stands roughly 19% above the $2.68 million recorded on January 12. Bitcoin, by comparison, trades about 14% below its January 12 price of $91,200.
This gap suggests BNB Chain protocol revenue is not simply tracking Bitcoin’s broader price trend. Fee generation on the network has moved independently of Bitcoin’s recent decline.
The divergence points to activity building specifically within BNB Smart Chain’s ecosystem of applications. Decentralized exchanges, token launches, derivatives platforms and lending protocols all contribute to this revenue figure. A rise in these categories signals renewed on-chain engagement regardless of Bitcoin’s own price path.
BNB, the network’s native token, traded at $727.01 at the time of writing. The token carried a 24-hour trading volume of $1,128,174,325 alongside the revenue data. BNB posted a 2.57% price increase over the past 24 hours. Over the past seven days, the token gained 1.10%, extending its recent upward move.
Source: Coingecko
Together, these figures place BNB Chain protocol revenue at its strongest level in nearly a year. The scale of the increase stands out even without accounting for Bitcoin’s separate price movements. Fee activity across the network has clearly accelerated since late July.
Base Network Shows Parallel Surge in Protocol Revenue The expansion in fee-generating activity is not limited to BNB Smart Chain. Base recorded daily protocol revenue of approximately $1.02 million on September 9. That figure compares to about $347,000 on July 31, just over five weeks earlier.
The increase on Base amounts to roughly 194%, or nearly three times its earlier level. This growth rate exceeds the percentage gain recorded across BNB Smart Chain protocols in the same window. Both networks point toward broader momentum in on-chain fee activity industry-wide.
Higher protocol revenue generally reflects stronger participation from decentralized exchanges, token launches, and lending platforms.
It can also stem from increased activity among either retail traders or larger holders. The source of that activity often shapes what follows in subsequent price behavior.
Stronger participation from larger holders has historically aligned with steadier price behavior afterward, particularly when they absorb supply during weaker phases.
Retail-heavy activity near market tops, by contrast, has at times coincided with distribution from larger holders. Revenue figures alone do not identify which group is driving current activity on either network.
SIP-3 and Eidos Go Live as Giga Rollout Begins@SeiNetwork is accelerating the rollout of its most ambitious technical overhaul to date. The Sei Giga upgrade, designed to push the network toward 200,000 transactions per second (TPS) with sub-400ms finality, is now moving from blueprint to live deployment.
According to Sei Labs, the v6.6 mainnet upgrade officially deployed the first two architectural pillars of the Giga plan: the Ares execution engine and the Eidos storage engine. Ares becomes the default execution path on upgraded validator nodes, replacing the legacy Go-native v2 engine with an EVMC-backed framework to reduce contract processing times and eliminate internal bottlenecks. Eidos, meanwhile, separates EVM state history from Cosmos state into a dedicated database, removing the storage constraints that would otherwise prevent the execution layer from operating at Giga-level speeds.
SIP-3, the governance-approved proposal to transition Sei from a dual Cosmos and EVM stack to a fully EVM-only chain, is running in parallel. Sei Labs describes SIP-3 as the weight-reduction phase of the upgrade, stripping hundreds of thousands of lines of Cosmos and CosmWasm code from the protocol to allow the network to scale more efficiently.
Autobahn Consensus Remains the Final MilestoneThe Giga upgrade is structured around three distinct layers: storage (Eidos), execution (Ares), and consensus (Autobahn). With Ares and Eidos now active on mainnet, Autobahn remains the largest component still ahead. Autobahn introduces a multi-proposer consensus design that allows several validators to propose blocks simultaneously, replacing the single-proposer model and unlocking the throughput gains that Giga promises at a foundational level.
The phased approach means the network remains live throughout the transition. Sei Labs confirmed that the Eidos migration runs alongside existing storage systems with no downtime required, and the Ares rollback mechanism allows individual transactions to revert to the legacy engine if edge cases arise, ensuring continuity without compromising block production.
Together, these upgrades represent a comprehensive architectural shift rather than an incremental performance tweak. The network previously supported a throughput range of roughly 5,000 to 12,500 TPS. The Giga target of 200,000 TPS represents a step-change in capacity aimed at supporting high-frequency trading, autonomous application deployment, and on-chain activity at institutional scale.
Sources:
Sei Labs: Ares and Eidos, the first components of the Giga Upgrade, will go live in Sei 6.6
Sei Labs: The SIP-3 Upgrade: Making Way for Sei Giga
Crypto.news: Sei starts phased Eidos upgrade to prepare network for 200,000 TPS
Strategy snížila čistý dolarový dluh na zhruba 174 milionů USD a zvýšila dolarovou likviditu na 6,54 miliardy USD. Firma tak posílila šanci na zlepšení ratingu S&P.
Strategy, known as the largest corporate holder of Bitcoin, has significantly strengthened its financial position in a move to improve its S&P rating and move beyond the current B- grade.
Liquidity Boost and Credit Rating OutlookThe company has focused on increasing its US dollar reserves, reducing its debt burden, and ensuring continued access to capital markets. S&P Global Ratings recently outlined these three areas as critical for any potential credit rating upgrade for Strategy, which remains six grades below investment status at BBB-.
Chaitanya Jain, Strategy’s head of investor relations, reported noticeable advancements across these fronts. As of September 7, Strategy’s dollar liquidity surged to $6.54 billion, up sharply from $54 million on September 30 of the previous year.
The recent regulatory filing shows this liquidity consists of $5.10 billion in reserves and $1.44 billion in cash. This sizable buffer enables the company to cover interest and preferred stock costs for approximately four years without the need to sell any of its Bitcoin holdings.
Strategy’s net dollar debt has dropped from roughly $8.16 billion after the third quarter of 2025 to about $174 million in September, following the repurchase of $1.5 billion of convertible senior notes due 2029, acquired at an 8% discount.
However, the company still carries additional obligations related to perpetual preferred stock and associated dividends, which remain on its balance sheet.
Debt Management and Capital GenerationBetween January and August 2026, Strategy generated $21 billion in revenue from common and preferred equity, securing new capital every month. The reduction in convertible debt, paired with rising dollar reserves, has provided increased financial flexibility amid volatile market conditions.
S&P Global Ratings continues to express caution regarding Strategy’s reliance on Bitcoin assets to cover obligations denominated in US dollars—a structure that creates risk if the cryptocurrency’s value drops or if capital market access becomes strained.
The company’s substantial dollar reserves offer more time to navigate periods of Bitcoin price volatility or restricted funding options, potentially allowing Strategy to avoid selling digital assets under unfavorable conditions.
Market Dynamics Increase Importance of Real-Time MonitoringManagement of liquidity and prompt reaction to fast-changing market conditions are more important than ever for companies like Strategy, especially when a sudden Federal Reserve decision or a rapid listing of a new altcoin can dramatically shift the market. In this context, many investors are turning to privacy-first solutions such as CryptoAppsy, which integrate real-time charts, smart price alerts, coin-focused news, and macroeconomic data into a single interface. These comprehensive tools help traders avoid losses caused by jumping between multiple platforms, streamlining portfolio monitoring without requiring account signup.
Strategy’s business model is highly dependent on access to capital markets, as it routinely raises funds to boost its Bitcoin holdings. If financing costs increase or market access is constrained, the company’s dollar reserves serve as an important hedge.
Despite the improvements in liquidity and debt reduction, S&P’s decisions regarding a possible rating upgrade will depend on Strategy’s ability to maintain sufficient reserves and manage its obligations through fluctuating market conditions.
The next potential step for Strategy’s credit outlook will rely on the persistence of its liquidity buffer and its effectiveness in balancing Bitcoin exposure against ongoing financial commitments.
SlowMist uvedl, že chyba v kódu Elements umožnila útočníkovi vyrazit 3 998,5 L-BTC bez krytí a vyčerpat zhruba 95 % rezerv Liquid Federation. Blockstream po opravě obnovil provoz a asi 3 400 BTC se vrátilo do peněženky.
A single software bug in Blockstream’s Elements codebase allowed an attacker to conjure nearly 4,000 unbacked L-BTC out of thin air, peg them out for real Bitcoin, and drain roughly 95% of the Liquid Federation’s reserves in a matter of hours. SlowMist published its full analysis of the September 6 exploit on September 11, confirming what is now the largest publicly disclosed security incident involving a Bitcoin sidechain this year.
The damage: approximately 3,998.5 L-BTC minted and redeemed, worth roughly $320 million. The Liquid Federation’s reserve wallet went from holding over 4,200 BTC to about 197 BTC.
How a caching shortcut became a $320 million problem The root cause, according to SlowMist’s analysis, was a cache key collision vulnerability buried in the range-proof verification process. Range proofs are cryptographic checks that confirm transaction amounts fall within valid bounds without revealing exact values. They’re fundamental to Liquid’s confidential transaction model.
To speed up verification, Elements cached previously validated proofs so it wouldn’t have to recheck them. The problem was how those cache keys were constructed. Prior to version v23.3.4, the software generated cache keys without length prefixes. Two different inputs could produce identical cache keys, meaning the system would treat an invalid proof as already verified if its key happened to collide with a legitimate one.
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The attacker exploited this collision to bypass verification, minting L-BTC that had no corresponding Bitcoin backing in the federation’s peg wallet. Those freshly minted tokens were then rapidly pegged out, converting them into real BTC on the Bitcoin mainnet before anyone could intervene.
The aftermath: partial recovery and an on-chain negotiation Blockstream moved quickly after discovering the exploit. Peg operations were suspended, halting any further outflows. The network’s block production itself was paused and didn’t resume until September 10, after the team deployed Elements v23.3.4 with patched cache key management that includes proper length prefixes.
Blockstream confirmed that the incident was caused by a software bug, not a compromise of the federation’s signing keys.
The attacker communicated via Bitcoin OP_RETURN messages, a method of embedding short text strings directly into Bitcoin transactions. The messages identified the attacker as a white-hat researcher and included a demand for a 10% bounty.
Roughly 3,400 BTC were returned to the federation peg wallet following the patch. The attacker retained approximately 598.5 BTC, presumably their self-assessed finder’s fee. The math works out to about 15% of the total haul, not the 10% originally requested.
What this means for federated sidechains The vulnerability wasn’t in the federation’s governance or key management. It was in a performance optimization. Caching verified proofs is a perfectly reasonable thing to do. The implementation just happened to contain a flaw that turned a speed improvement into a $320 million attack vector.
The network was offline for four days. Ninety-five percent of its reserves vanished before anyone noticed. And the recovery depended, in part, on the attacker’s willingness to return funds.
SlowMist’s analysis specifically flags the absence of length prefixes in cache key construction as the enabling factor, a detail that other projects using similar patterns should audit immediately.
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.
As U.S. spot ETFs have doubled their XRP holdings since the beginning of the year, bringing their investments to nearly $200 million, 21Shares has answered investors' main question: "Why should you buy XRP right now?"
Analysts identified four specific reasons behind institutional demand, stating that the market has finally fully absorbed the consequences of years of litigation.
In brief: Lawsuits are in the past, real billions are already on-chainThe first and most compelling argument is XRP's official legal status in the United States, secured by the final ruling in the SEC case. After Ripple brought the proceedings to a close in August last year, XRP became one of the few altcoins with an entirely clear legal status.
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For conservative U.S. funds, this effectively eliminated compliance risks: from a legal standpoint, entering the asset is now as safe as buying Bitcoin.
The second reason is the launch of spot ETFs, which provided the market with deep institutional liquidity. The new infrastructure has already demonstrated its ability to absorb large sell-offs without putting the price chart through shock therapy.
One example is the case from the beginning of the year, when Goldman Sachs fully locked in its profits and sold its $153.8 million position. The market absorbed the entire volume within just two weeks through retail investors and smaller funds, without any noticeable decline in price.
The third factor is the real, measurable on-chain turnover of the XRP Ledger, which reached $500 billion over the past 12 months. The XRPL economy is now supported by tangible financial metrics rather than speculative promises.
The network currently hosts the native RLUSD stablecoin with a volume of $1.6 billion, as well as another $4 billion in tokenized U.S. Treasuries.
US spot XRP ETF holdings nearly double in 2026, approaching $200 million despite market fluctuations. Source: 21shares, Glassnode.The fourth reason is XRP's strict tokenomics model. The coin's supply is capped at 100 billion, with no technical possibility of issuing more.
At the same time, the network has already permanently burned 14 million XRP through transaction fees, while Ripple's public escrow release schedule protects investors from the sudden dilution of their holdings.
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However, 21Shares also pragmatically highlights the main technological risk: high network activity does not automatically mean that the token's price will rise. Large banks often use XRP exclusively as a bridge asset. They buy it for a specific instant transfer and immediately sell it afterward, without holding the token on their balance sheets.
Nevertheless, these four reasons, supported by the final ruling in the SEC case, have transformed Wall Street's perception of the coin: XRP has gone from a toxic outsider to a regulated and legal way to make a major bet on the digitalization of the global financial system.
XRP Healthcare ukončuje provoz po útoku, při němž bylo z 4,011 peněženek v aplikaci XRPH Wallet odcizeno zhruba 450 000 až 452 000 USD v XRP, XRPH a dalších tokenech. Firma uvedla, že problém byl v chybě aplikace, ne v XRP Ledgeru.
In This Article What XRP Healthcare Told Users, in OrderHow a Line of Text Became a Guessable Private KeyFollowing the Money Off the LedgerAn App Flaw Is Not an XRP Ledger Breach Last week, an attacker drained 4,011 wallets tied to XRP Healthcare’s XRPH Wallet app, stealing an estimated $450,000 to $452,000 in XRP, XRPH, and related tokens in roughly three hours. Last night, XRP Healthcare announced it was shutting down after three years of leading Ripple’s charge into healthcare.
XRP HEALTHCARE — OPERATIONAL WIND-DOWN
After nearly three years of building XRP Healthcare, we have made the difficult decision to begin winding down the company’s normal operations.
This decision has not been taken lightly.
Over the past three years, we have continued…
— XRP Healthcare (@XRPHealthcare) September 10, 2026
That is a serious loss for the people who held those wallets, but the evidence released so far points to a flaw in the wallet application itself, not a breach of Ripple’s XRP Ledger or a quantum-computing attack on XRP’s underlying cryptography.
What XRP Healthcare Told Users, in Order XRP Healthcare first acknowledged the exploit on September 4, rejecting suggestions that the incident was a rug pull while confirming that XRPH, XRPHAI and other assets had been stolen from compromised XRPH Wallets. The team told users to stop using the wallet immediately, pending further notice.
We’ve seen this and are taking it with full seriousness. XRP Healthcare was not aware that any part of the wallet’s staking functionality was less than fully non-custodial, and we would never knowingly market a product as non-custodial if that weren’t the case. This is now being… https://t.co/ATR38vv4l1
— XRP Healthcare (@XRPHealthcare) September 5, 2026
On September 5, XRP Healthcare said it had filed a formal report with law enforcement and was coordinating with other crypto platforms to freeze the stolen funds. A day later, on September 6, the project said it had traced the funds end-to-end and that approximately 445,198 DAI (a stablecoin pegged to the US dollar) remained sitting in a single Ethereum address, and it asked affected users to submit loss reports via Etherscan, Ethereum’s block explorer.
How a Line of Text Became a Guessable Private Key The root of the problem, according to XRP Healthcare’s own technical report published September 8, traces back to June 13, 2023. That’s when a defect was introduced into how the app generated wallets: instead of feeding proper randomness into the XRP Ledger’s key-generation function, the app passed in improperly formatted entropy.
XRPH WALLET — ROOT-CAUSE FINDINGS
Following our investigation into the September 3 XRPH Wallet incident, the development team’s technical root-cause report has now been completed.
The investigation identified and reproduced a defect in the wallet-generation process where the…
— XRP Healthcare (@XRPHealthcare) September 8, 2026
Think of a house key normally cut from millions of possible combinations. This defect was like a locksmith accidentally using a stamping machine that could only produce a few thousand distinct patterns. The result drastically shrank the effective keyspace behind every wallet the app created, making offline reconstruction of private keys “computationally feasible,” in the report’s own words.
XRP Healthcare’s development team was blunt about the scope: the defect remained unpatched at the time of the report, the key derivation process is deterministic, and the underlying algorithm is publicly readable.
That means every wallet the app ever generated – not just the 4,011 that were drained – should be treated as compromised. Wallets that survived did so only because they held no funds; any future deposit into them remains exposed.
Readers wanting a deeper primer on how private-key math actually works, and where quantum computing does and doesn’t threaten it, can check this explainer on post-quantum signature security.
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Following the Money Off the Ledger According to on-chain analytics platform XRPL.to, the 4,011 compromised wallets lost 267,664 XRP and 23.2 million XRPH tokens combined, alongside smaller amounts of other project assets. The primary-source reporting describes a first sweep followed by a rapid conversion process that moved the stolen assets entirely off the XRP Ledger, ultimately resulting in the roughly 445,198 DAI figure XRP Healthcare confirmed on September 6.
— XRP Healthcare (@XRPHealthcare) September 6, 2026
It’s worth being precise about what is and isn’t confirmed here. XRP Healthcare’s own statements and its September 8 root-cause report are the firmest ground: the wallet-generation defect, the 4,011-wallet count, the dollar-loss range, and the DAI destination all come from that disclosure and XRPL.to’s on-chain tracking.
Broader claims circulating elsewhere about the app’s internal seed storage or staking-server architecture are third-party technical analyses rather than confirmed XRP Healthcare findings, and should be read as such until independently verified.
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An App Flaw Is Not an XRP Ledger Breach The distinction matters more than it might seem. Every stolen transaction in this incident was, from the XRP Ledger’s perspective, a perfectly valid, properly signed payment – the ledger has no way to know that the signing key behind it was reconstructed offline rather than legitimately controlled. That’s a wallet-generation failure, not a consensus failure, and it says nothing about the security of XRP holdings on other platforms or about XRP Ledger security more broadly.
For readers tracking the health of the network itself, separate from any single app’s bugs, XRPL activity metrics offer a useful check on how new user growth on the XRP Ledger has trended.
The quantum threat question deserves its own honest answer: nothing in XRP Healthcare’s disclosure or the on-chain trace involves quantum computing. The attacker didn’t need to break elliptic-curve cryptography; a shrunk keyspace from bad randomness is a classical, brute-forceable problem that ordinary computers can solve.
Longer-term efforts to harden XRP against theoretical future quantum computers are a separate, forward-looking conversation, and readers curious about that roadmap can review this overview of XRP’s quantum-resistance discussion – but it shouldn’t be conflated with what actually happened on September 3.
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Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Navrhovaný XLS-68 na XRP Ledger by mohl snížit viditelnou maloobchodní poptávku po XRP, protože společnosti mohou za uživatele hradit poplatky i rezervy. Rezervy ale nezmizí, jen se přesunou na sponzora.
Kamilah Stevenson, a well-known market analyst, has raised concerns regarding recent claims that an upcoming upgrade to the XRP Ledger could make XRP optional and weaken its demand. She argued the reality is more complex, suggesting critics may be missing important details about how XRP requirements are handled under the proposal.
Understanding the Proposed XRP Ledger UpgradeThe proposal under discussion would allow businesses or applications to sponsor users’ XRP transaction fees and account reserves. Under this framework, users would still control their private keys and accounts, but could utilize services based on the XRP Ledger without having to purchase XRP up front.
This option has triggered debate. Detractors have pointed out that newcomers would not be required to acquire XRP solely to open an account or to hold issued assets. Kamilah Stevenson acknowledged that this visible source of retail demand might decrease if the amendment takes effect. She described it as “one kind of visible demand” that would be changed by the proposal.
Dr. Stevenson explained that, although users may no longer need to purchase XRP directly, the reserve requirement does not disappear. Instead, it shifts to the sponsoring business or application. She detailed that each account on the ledger still needs to meet a 1 XRP base reserve, and each added object, such as a trust line for an issued asset, requires 0.2 XRP.
To illustrate, she calculated that an account holding two issued assets would need 1.4 XRP in reserves. On a larger scale, 100,000 accounts would require 140,000 XRP; one million accounts would need 1.4 million XRP; and 10 million accounts would necessitate 14 million XRP to cover reserve requirements.
Number of accountsReserve per account (2 assets)Total XRP required100,0001.4 XRP140,000 XRP1,000,0001.4 XRP1,400,000 XRP10,000,0001.4 XRP14,000,000 XRPStevenson emphasized that reserve XRP is locked, not spent. When an account or ledger object is deleted, the reserve can be reclaimed, making these reserves more similar to security deposits or treasury floats, rather than an ongoing expense.
Transaction Fees Remain ModestTransaction fees remain a minor factor for business balances. With a base fee of 10 drops, or 0.00001 XRP, processing one million transactions would burn about 10 XRP. The reserve requirements consequently have far greater implications for companies building on the XRP Ledger than transaction fees themselves.
Amendment Process Demonstrates CautionDr. Stevenson also referenced the cautious XRP Ledger amendment process, noting that previous iterations of the Batch and Permission Delegation features were pulled after the discovery of security issues. These features were revised and resubmitted after concerns were addressed, instead of being rushed to deployment.
Mini dictionary: XLS-68 is a proposed technical amendment for the XRP Ledger that enables account sponsorship, allowing businesses to cover costs that would otherwise require users to obtain XRP.
Summing up, Stevenson observed that the XLS-68 upgrade should be seen as a trade-off. It could lead to a reduction in small XRP purchases by individuals at account creation, while simplifying the process for large-scale application deployments on the XRP Ledger.
Whether increased enterprise adoption results in a net increase in locked XRP or reduces the network’s overall XRP demand is, according to Dr. Stevenson, “a genuinely open question.”
XRP ETF na americkém trhu 8. září přilákaly čistý příliv 1,55 milionu USD, zatímco Bitcoin, Ethereum i Solana zaznamenaly odlivy. XRP tak dál posiluje svou pozici v regulované finanční infrastruktuře.
XRP is becoming increasingly embedded in regulated financial markets, with new developments spanning ETF flows, derivatives infrastructure and institutional ownership. Canadian-listed XRP ETF options are now explicitly covered by a framework allowing their offer and sale in the United States, while federal rules continue to place XRP alongside Bitcoin, Ether and Solana for certain exchange-listed investment products.
The expansion comes as U.S. spot XRP ETFs show unusually resilient demand. XRP funds attracted fresh capital on September 8 even as Bitcoin, Ethereum and Solana ETFs recorded outflows, adding to a longer run of institutional accumulation. At the same time, comments from Ripple CTO emeritus David Schwartz have revived discussion over just how large XRP could eventually become if adoption continues to accelerate.
XRP ETF Options Gain a Clearer Route Into the U.S. A Canadian Derivatives Clearing Corporation filing has put XRP alongside some of the largest cryptocurrencies in another corner of regulated finance. The document lists options on the Evolve XRP ETF and Purpose XRP ETF among Montréal Exchange contracts covered by CDCC’s Form S-20 registration for offer and sale in the United States.
The development does not mean that new XRP options have launched directly on a U.S. exchange. The contracts remain listed in Canada and are cleared through CDCC. Instead, the filing establishes a regulated cross-border structure through which eligible U.S. market participants can access options tied to Canadian XRP ETFs.
That distinction matters because XRP is gradually gaining exposure across several layers of traditional market infrastructure rather than relying primarily on offshore crypto derivatives. Earlier 2026 SEC exhibits had already included options on the Evolve and Purpose XRP ETFs, so the latest filing reinforces an existing regulatory pathway rather than representing an entirely new approval.
XRP is also being grouped with larger digital assets elsewhere in federal market rules. A separate Federal Register filing identifies Bitcoin, Ether, Solana and XRP as assets currently qualifying under generic listing standards for commodity-based trust shares.
The classification should not be interpreted as a blanket determination of XRP’s status in every regulatory context. For investment-product infrastructure, however, it shows XRP increasingly appearing beside BTC, ETH and SOL when exchanges and regulators establish rules for listed crypto products.
Institutional XRP Trading Is Moving Beyond Spot ETFs The cross-border options development adds to an institutional derivatives market that has already expanded rapidly. CME XRP futures and options generated approximately $13 billion in notional volume during the first quarter of 2026, while cumulative XRP futures volume later surpassed $62 billion.
Those figures point to a broader shift in how professional investors can gain XRP exposure. Spot ETFs provide direct investment access, while futures and options give institutions tools to hedge positions, express directional views and manage risk without relying exclusively on crypto-native exchanges.
This infrastructure can also make XRP more practical for larger portfolios. Institutional investors typically require liquid derivatives and regulated custody or investment vehicles before committing significant capital to an asset. XRP’s growing presence across ETFs, futures and options therefore matters even when individual product launches do not immediately affect its price.
For readers following the latest XRP news, the trend has become increasingly consistent: XRP is gaining more of the market infrastructure that previously developed around Bitcoin and Ethereum.
XRP ETFs Defy Broader Crypto Fund Outflows Recent ETF flows provide another indication that investor interest is holding up. U.S. spot XRP ETFs recorded $1.55 million in net inflows on September 8, while the other major crypto ETF categories experienced withdrawals.
XRP ETFs stood apart from the broader crypto market with positive net inflows on September 8. Source: SoSoValue
Bitcoin ETFs recorded approximately $46.65 million in outflows, Ethereum funds lost around $24.29 million and Solana products posted roughly $668,000 in withdrawals. The $1.55 million entering XRP products was relatively small by itself, but the direction of flows separated XRP from the rest of the major crypto ETF market during the session.
That divergence follows a stronger accumulation trend. XRP ETFs previously recorded an 11-session inflow streak that brought approximately $170 million into the products, while their strongest week of 2026 generated $110.49 million in new capital. Cumulative inflows had reached roughly $1.66 billion to $1.68 billion around the beginning of September.
Institutional ownership has also become more visible. Goldman Sachs emerged as the largest disclosed XRP ETF holder at approximately $87.4 million, while firms including Jane Street and Millennium Management have also appeared among significant reported holders.
One trading session does not establish a permanent rotation from Bitcoin or Ethereum into XRP, particularly because the Bitcoin ETF market remains substantially larger. The persistence of XRP inflows is nevertheless becoming more notable because demand has continued through periods when broader crypto investment products have struggled to attract capital.
XRP Price Strengthens Alongside ETF Demand The latest positive ETF flows have also coincided with an improvement in XRP’s market price. XRP traded around $1.43 on September 9, gaining approximately 2.7% over 24 hours and 7.4% over seven days, while daily trading volume stood near $2.87 billion.
That relationship has not always been straightforward. Earlier periods of record XRP ETF inflows occurred alongside declining prices and pressure from rising Treasury yields, showing that institutional fund demand alone is not sufficient to determine short-term market direction.
The latest period presents a more supportive combination. ETF flows have returned to positive territory while XRP itself has moved higher, potentially giving investors a clearer indication that institutional buying and spot-market demand are working in the same direction.
Ownership concentration remains another factor worth monitoring as institutional participation increases. Data on the biggest XRP holders provides additional context on how the token’s supply is distributed across major addresses as the investor base evolves.
David Schwartz Revives the XRP-Bitcoin Flippening Debate The growth of regulated XRP products has arrived at the same time that David Schwartz has revived one of the cryptocurrency’s most ambitious long-term debates. The Ripple CTO emeritus recently said he believes XRP could eventually overtake Bitcoin by market capitalization.
Schwartz’s argument was not based on Bitcoin collapsing. Instead, he suggested that the overall digital asset market could become much larger, allowing both cryptocurrencies to appreciate while XRP grows faster because of the XRP Ledger’s functionality and speed.
The current numbers show how ambitious that scenario remains. Bitcoin’s market capitalization stands at approximately $1.58 trillion compared with roughly $88.9 billion for XRP, making Bitcoin about 17.7 times larger.
With approximately 62.74 billion XRP circulating, matching Bitcoin’s current market capitalization would require a price near $25.10 per XRP, assuming Bitcoin’s valuation remained unchanged. That calculation is not a price target. Any increase in Bitcoin’s market capitalization would raise the XRP price required to overtake it.
The gap also looks considerably wider than it did during XRP’s previous peak relative to Bitcoin. On January 1, 2018, XRP was the world’s second-largest cryptocurrency, with a market capitalization of approximately $92.6 billion compared with Bitcoin’s $229.1 billion. XRP was worth roughly 40% as much as Bitcoin at that point, versus only about 5.6% today.
XRP’s Institutional Case Is Getting Stronger, but the Gap With Bitcoin Remains Huge The flippening discussion remains highly speculative, but the institutional developments behind it are more concrete. XRP now has growing spot ETF demand, an expanding CME derivatives market and Canadian ETF options operating within a regulated cross-border framework.
The key question is whether those developments translate into sustained capital inflows rather than simply more ways to trade the asset. XRP’s recent ability to attract ETF money while competing crypto funds experience withdrawals provides an encouraging signal, but closing the enormous valuation gap with Bitcoin would require adoption on a dramatically larger scale.
For now, the more significant development is not whether XRP can overtake Bitcoin. It is that XRP continues to move closer to the regulated market structure already surrounding the industry’s largest digital assets, giving both institutional and traditional investors more ways to gain exposure than at any earlier point in its history.
Renowned asset management firm BlackRock has continued to dominate both the Bitcoin and Ethereum ETF market, attracting large amounts of capital in the ecosystem.
While Ethereum has been trading sideways, showing mixed price action over the past weeks, onchain data from Arkham Intelligence shows that BlackRock has managed to attract decent capital into the market over the past month.
BlackRock buys Ethereum's dipAccording to the data, BlackRock's Ethereum ETF (ETHA) bought about $13.9 million worth of ETH during its latest trading session, bringing the fund's total Ethereum purchases over the past 20 trading days to $251.4 million.
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While momentum across the broader Ethereum ETF market has been relatively weak amid persisting market uncertainty, BlackRock has managed to sustain institutional demand for the leading crypto asset.
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Following this strong performance from the BlackRock Ethereum ETF, ETHA has recorded no outflows during the 20-day period. This means that the fund has maintained a 20-day inflow streak despite unstable price movements.
BlackRock maintains dominance Unlike BlackRock, the downside pressure seen across the crypto market has affected the performance of other Ethereum funds, as they recorded multiple withdrawals during the period.
With BlackRock outperforming its peers in the Ethereum ETF ecosystem, data shows that other major Ethereum ETFs, including BlackRock's sister fund ETHA and Fidelity's FETH, recorded notable outflows during the period.
It appears that institutions are showing more confidence in the BlackRock investment product than in other funds, as ETHA continued to attract capital while some funds experienced withdrawals amid the market correction.
Spot Ethereum ETFs in the US just posted their strongest monthly inflow figure since August 2025. Funds tracking ETH’s price drew in $1.75 billion across August 2026, snapping a rough patch that had seen the category bleed over $1 billion in net outflows during May and June combined.
Nine days that turned the tide The bulk of August’s haul arrived in a concentrated burst. A streak of nine to ten consecutive trading sessions beginning around August 17 generated approximately $1.42 billion in net inflows, according to data from SoSoValue and Farside Investors.
The peak came on August 27, when a single day saw $225.8 million flow into spot ETH products. Bitcoin ETFs pulled in $242.3 million that same day, meaning the gap between the two asset classes had narrowed significantly.
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BlackRock’s ETHA fund did most of the heavy lifting. The product accounted for roughly 72% of the August inflow streak, contributing around $1.02 billion on its own. Fidelity’s FETH and BlackRock’s staking-enabled ETHB product filled in the rest.
What’s driving the institutional pivot The sources of capital behind August’s surge were largely institutional and traditional finance channels, rather than crypto-native retail flows. Two macro tailwinds helped set the table: declining Treasury yields made fixed-income alternatives less attractive, and improvements in the regulatory environment for digital assets removed some of the compliance friction that had kept institutional allocators on the sidelines.
Since the July 2024 launch, cumulative net inflows across all US spot Ethereum ETFs have reached approximately $12 billion to $13 billion. Total assets under management for the category sit somewhere between $12 billion and $15 billion as of August 2026.
What this means for the Ethereum versus Bitcoin ETF narrative BlackRock’s ETHA capturing roughly 72 cents of every dollar flowing into spot ETH products mirrors the pattern of how Bitcoin ETF flows concentrated around IBIT in the early months of that product’s life.
The staking-enabled ETHB adds a layer that Bitcoin cannot replicate. Bitcoin doesn’t produce native yield. Ethereum, through its proof-of-stake mechanism, does. A product that packages staking rewards into an ETF wrapper transforms Ethereum from a speculative asset into something closer to a yield-bearing digital commodity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DOJ ocenilo Tether za pomoc při zásahu proti síti Xinbi Guarantee; bylo zajištěno více než 52 milionů USD v kryptoměnách. Úřady zabavily dvě peněženky s asi 12 miliony USD a dalších 47 peněženek je pod omezením.
The US Department of Justice has credited Tether for its proactive assistance in a major enforcement action targeting Xinbi Guarantee, a global network allegedly helping facilitate crypto fraud, money laundering and scam operations, the company said in a Sept. 11 statement.
The DOJ’s Scam Center Strike Force said more than $52 million in crypto was restrained as part of the action. Authorities seized two Xinbi wallets with about $12 million in vendor payments and moved to restrain 47 additional wallets suspected of involvement in money laundering.
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Authorities said Xinbi operated on Telegram and linked scam operators with vendors offering services such as money laundering, fraudulent investment websites and the recruitment of trafficking victims for scam compounds. Investigators also traced funds belonging to US victims to vendors connected to the network.
Tether said it has assisted more than 340 law enforcement agencies across 67 countries in more than 2,800 cases. Its efforts have contributed to the freezing of more than $5 billion in assets linked to illicit activity, including over $2.5 billion through cooperation with US authorities.
Tether’s recent cooperation with US authorities has included enforcement actions involving roughly $225 million in USDT tied to a human trafficking and romance scam syndicate, nearly $61 million linked to a crypto investment fraud scheme and more than $344 million frozen in coordination with OFAC and US law enforcement.
Tether pledges to continue to work with US and international law enforcement agencies to combat the illicit use of USDT and assist in recovering assets linked to criminal activity.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Allbridge Core, the cross-chain stablecoin bridge, has moved $1.64 billion in stablecoins through the TRON network across nearly 80,000 transfers. That makes TRON the leading network in Allbridge’s ecosystem.
The milestone lands at a moment when TRON is processing staggering amounts of stablecoin value. The network handled roughly $2.08 trillion in stablecoin settlement volume during Q2 2026 alone, spread across 1.1 billion transactions.
TRON’s stablecoin stranglehold TRON’s USDT supply reached approximately $89 billion by the end of Q2 2026, representing roughly 47% of the entire global USDT supply. TRON commands a 28.7% share of the overall stablecoin market by volume.
About 93% of TRON’s stablecoin transfers during Q2 2026 were peer-to-peer in nature. This isn’t DeFi protocol volume getting recycled through liquidity pools. It’s people sending money to other people.
Allbridge’s TRON integration and growing pains Allbridge completed its full integration with TRON in June 2026, establishing the network as a primary cross-chain hub for USDT alongside Ethereum and Solana. The 77,021 transfers recorded through Allbridge Core on TRON by late June reflect early traction from that integration.
In July 2026, Allbridge suffered a $1.65 million flash-loan exploit targeting its Solana pools. The attack forced a temporary protocol pause while the team assessed the damage and patched vulnerabilities.
The incident prompted a strategic pivot. Allbridge has signaled a shift toward pool-less routing in future versions of the protocol, a design choice that would eliminate the liquidity pools that flash-loan attackers target. Protocols like Circle’s CCTP and LayerZero’s OFT standard are pioneering approaches that move away from traditional bridging pools.
What this means for cross-chain stablecoin flows The competitive landscape for cross-chain stablecoin bridges includes native issuer solutions like Circle’s CCTP potentially disintermediating third-party bridges entirely for USDC transfers. Allbridge’s focus on USDT routing through TRON gives it a differentiated lane, since Tether has not launched an equivalent native cross-chain protocol. The 77,021 transfers and $1.64 billion in volume suggest there is real demand for someone to fill that gap.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
GMO-Z.com Trust Company zahájila postupné ukončení stablecoinu GYEN a zastavila nové nákupy GYEN i ZUSD. Coinbase plánuje zbývající GYEN na platformě převést na USDC do 30. října 2026.
GMO-Z.com Trust Company, the New York-regulated issuer behind GYEN, has begun an orderly wind-down of its stablecoin operations. The company initiated the process on May 15, 2026, disabling new purchases of both GYEN, its Japanese yen-pegged token, and ZUSD, its US dollar-pegged counterpart.
Coinbase, which had already suspended GYEN trading around May 2025, plans to convert any remaining GYEN holdings on its platform to USDC by October 30, 2026.
What the wind-down looks like GMO Trust has established a 180-day Initial Redemption Period running through November 11, 2026. During that window, eligible holders can redeem their tokens at par value: 1 GYEN for 1 JPY, and 1 ZUSD for 1 USD, with no platform fees.
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The catch is that redemptions happen through the GMO Trust platform, and holders need to meet the company’s KYC and account requirements to participate. After the redemption window closes, any unclaimed tokens enter a mandatory process governed by the company’s Stablecoin User Terms and Conditions.
For holders who want to exit through other channels, third-party options exist. Uniswap pools on Ethereum and Arbitrum, along with Stellar DEX options, offer paths to swap into USDC. But those are secondary market trades, meaning there’s no guarantee you’ll get par value.
GYEN and ZUSD were issued across multiple blockchain platforms including Ethereum, Solana, and Stellar. Reserves backing these tokens were held in FDIC-insured institutions and US Treasuries, in compliance with New York State Department of Financial Services guidelines.
A brief, turbulent history GMO Trust was established in 2020 as a subsidiary of Japan’s GMO Internet Group, with a specific ambition: creating the first regulated yen-pegged stablecoin.
GYEN landed on Coinbase Pro in November 2021, which should have been its breakout moment. Instead, the token experienced significant trading volatility shortly after listing. Coinbase eventually suspended and delisted GYEN trading around May 2025, roughly a year before the formal wind-down announcement.
What this means for stablecoin holders For GYEN holders, the immediate priority is mechanical. Redeem through GMO Trust’s platform before November 11, 2026, or accept the Coinbase-to-USDC conversion by October 30 if that’s where your tokens sit.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Dominion Market po útoku na multisig peněženky zastavil obchodování a zmrazil SILV nakoupený mezi 01:00 a 14:00 UTC v pátek 11. září. Dotčení držitelé mohou žádat o refundaci v USDC od pondělí 14. září od 12:00 UTC.
TLDR: Dominion Market’s multisig wallets were breached near 01:00 UTC on Friday, September 11. SILV bought between 01:00 and 14:00 UTC Friday will be frozen and removed from wallets. USDC refund claims open Monday, September 14 at 12:00 UTC via onchain verification. Dominion is working with SIRN and SEAL 911 while targeting a full SILV repeg soon. Dominion Market confirmed a wallet breach that pushed its Solana-based SILV token off its 1:1 silver backing. The platform moved fast, pulling liquidity and locking down compromised wallets within hours.
Tokens purchased during the exploit window will be frozen, while long-term holders keep their balances untouched. A refund process opens Monday, and the team says a full repeg is coming soon.
Breach Response and Wallet Security Dominion Market said the compromise began near 01:00 UTC on Friday, September 11. The team detected unusual activity roughly three hours later and moved to contain it.
Founder Mark said the platform pulled liquidity, secured the affected wallets, and swapped in fresh hardware devices. He added that Dominion now has full control over its systems again.
The breach caused SILV to trade well below the value of the physical silver supporting it. That gap opened the door for opportunistic buying during the compromised window.
An update on $SILV bought during the incident.
You deserve a clear answer, so here it is.
Any $SILV bought between 01:00 UTC and 14:00 UTC on Friday 11 September will be removed from wallets.
We know that's hard to read. Many of you bought in good faith, and this affects you… pic.twitter.com/iUFAW90U6p
— Dominion (@Dominion_Market) September 11, 2026
Dominion said tokens acquired between 01:00 UTC and 14:00 UTC on Friday would be removed from wallets. Balances held before the exploit began remain unaffected by the freeze.
The team is working with outside security groups to trace the incident. Dominion named the Solana Incident Response Network and SEAL 911 as partners in the review.
Both groups focus on tracking exploits across Solana-based protocols. Dominion said it would share updates on the investigation as new details emerge.
Dominion also warned its community about follow-up scams tied to the incident. The company said it will never contact holders directly about refunds through private messages.
Any account offering early refunds before Monday should be treated as fraudulent. Official updates, the team said, will only come through its verified account.
Refund Process and Path to Repegging Holders who bought SILV during the compromised window will be eligible for USDC refunds. Dominion set the claims window to open Monday, September 14, at 12:00 UTC. The team cited closed silver markets over the weekend as the reason for the delay.
Dominion said the refund process would rely on verifiable onchain data for every claim. Affected users do not need to submit anything until the claims form goes live. The company plans to publish full instructions alongside the refund link at the same time.
Beyond refunds, Dominion’s stated priority is restoring the SILV peg to physical silver. The team said it is working to add liquidity ahead of the repeg.
Trading remains paused for now while the platform confirms its systems are secure. Holders have been asked to avoid trading SILV until an official repeg announcement.
Reaction within the community has been mixed since the freeze was announced. Some holders welcomed the quick action to protect the token’s backing.
Others expressed frustration over having tokens removed from their wallets. Dominion said the freeze protects holders who bought SILV before the breach occurred.
Algorand spustil na mainnetu nativní kvantově odolné účty Falcon-1024; za první týdny jich vzniklo asi 1 800 a zpracovaly přes 1,2 milionu transakcí. Ripple mezitím míří na plnou postkvantovou připravenost do roku 2028.
Algorand, a blockchain known for its focus on scalable and secure financial applications, introduced native Falcon-1024 quantum-resistant accounts on its mainnet in August. While Algorand’s move signals progress toward quantum safety, experts pointed out that the network’s transition is not yet complete since many critical elements still rely on Ed25519 cryptography, which is not quantum-secure.
Quantum security initiatives on Algorand and RippleFalcon-1024, a post-quantum signature scheme, underpins Algorand’s recent efforts. State proofs have incorporated the algorithm since 2022. With the v5.0.0 upgrade, support for Falcon-1024 accounts was officially activated around August 20 this year.
In the first several weeks following activation, users created approximately 1,800 Falcon-powered quantum-resilient accounts, which processed over 1.2 million transactions. These accounts coexist with traditional Ed25519 accounts, and transactions using Falcon-1024 carry higher network fees—three times the minimum compared to classic accounts. Algorand Foundation’s current roadmap points to 2027 for broader quantum resilience, including post-quantum VRFs (Verifiable Random Functions) and consensus mechanisms.
Mini dictionary: Falcon-1024 is a post-quantum digital signature algorithm developed to withstand quantum computer attacks that could compromise widely used cryptographic schemes.
An Algorand user named Todd acknowledged on community channels that while two core post-quantum components are functional, the most challenging segment—consensus and network-wide implementation—remains a work in progress. Algorand currently leads in deploying post-quantum (PQ) accounts, but the transition across the full protocol stack is still ongoing.
BlockchainQuantum-Resistant Accounts LiveMain Consensus StatusFull Network PQ TargetAlgorandYes (since Aug. 2023)Partly (Ed25519 still used)2027Ripple (XRPL)NoNot yet post-quantum2028EthereumNoNot yet post-quantum2029 (estimated)Ripple’s broader audit and roadmapRipple, the company behind XRP Ledger (XRPL), is also prioritizing quantum security. Ripple is funding research by Project Eleven to examine various aspects of security, including validation, custody, networking, and wallet technology instead of focusing solely on account signatures. Ripple’s planned roadmap includes hybrid quantum-classic testing around 2027, aiming for full post-quantum readiness by 2028. This timeline is a contributor-provided estimate and has not been ratified as an official amendment on the XRPL site.
A feature of the XRP Ledger called RegularKey allows users to rotate signing keys without changing their account address, making key management more flexible if large, post-quantum signature schemes are adopted. XRPL developers have experimented with ML-DSA and Dilithium (both post-quantum candidates) on AlphaNet, but production deployment is still pending.
Mini dictionary: ML-DSA and Dilithium are advanced cryptographic signature schemes designed to be secure even if quantum computers become powerful enough to break today’s standard public-key cryptosystems.
While Algorand boasts early adoption of quantum-resistant accounts, Ripple focuses on conducting comprehensive security reviews before rolling out similar updates to mainnet. Ethereum, another major blockchain, maintains a public timeline around 2029 for its own quantum resistance measures.
Debate among blockchain communities has shifted from which project first discussed quantum resilience to which ones are actually upgrading signatures, consensus, and validator software ahead of future quantum computing threats.
Security implications and industry outlookExperts have emphasized that quantum risk revolves around the potential for “harvest now, decrypt later” attacks, where malicious actors collect public keys today and only decrypt assets once quantum hardware becomes available. Deploying Falcon-powered accounts closes part of that risk window, but consensus mechanisms built on elliptic curve cryptography remain vulnerable.
The distinction between Algorand and XRPL’s approaches lies in implementation: Algorand has prioritized early access and transaction counts for Falcon-based accounts, whereas XRPL’s strengths include audit breadth and key-rotation flexibility. Both projects continue to work toward full post-quantum readiness, but neither has completed the migration at the consensus layer.
Industry analysts believe that full quantum resistance across blockchain protocols is still several years away. Collaboration between projects may ultimately accelerate robust, sector-wide upgrades.
Until protocols move consensus and signature schemes to post-quantum cryptography, networks remain vulnerable, regardless of advances in wallet security.
The market takes ETH, wstETH, WBTC and cbBTC as collateral against USDC at loan-to-value ratios of up to 87%. Compound says borrowing is open to anyone, with approval required only for the 200,000 USDC in supplier rewards.
Compound Foundation has opened a USDC lending market that takes ETH, wstETH, WBTC and cbBTC at loan-to-value ratios of up to 87%, three weeks after relaunching the protocol around institutional credit.
The Institutional Market is the first product out of the $52 million program COMP holders approved in May, and it went live under multisig control that Compound governance cannot revoke. A delegate has asked COMP holders to change that. The Compound Governance Working Group says the arrangement sits within the program the DAO already approved and that moving control to governance is the intended outcome once the market's research phase ends.
The market lends USDC against ETH, wstETH, WBTC and cbBTC, and runs on Compound v3. Compound holds $1.53 billion in total value locked with $638 million borrowed against it, sixth among lending protocols on DefiLlama and up 23% over 30 days. Ethereum carries $1.42 billion of that, or 93%. COMP trades at $20.88, up 9% over seven days, for a market cap of $212 million.
"With today's Institutional Market launch, we are taking the first step toward building infrastructure to meet institutional client demands, including better capital efficiency, clearly defined risk, and a much higher standard of service," said Aaron Schnarch, executive director of Compound Foundation. "We are encouraged by the market demand, and look forward to launching additional capabilities over the coming months."
Oversubscribed At LaunchCompound says the market was oversubscribed on day one, with DeFi Saver, K3, KPK and Yearn taking part. The company gave no figure for how much was subscribed.
"Compound is combining the capital efficiency of onchain markets with the level of service institutional participants expect. The ability to access more efficient borrowing while working directly with a team that understands institutional requirements makes this a compelling new market for us," said Marcelo Ruiz de Olano, co-founder and CEO of KPK.
Four Assets, One BorrowThe collateral list is short and liquid: two forms of ether and two forms of wrapped bitcoin.
Compound's argument is that a market holding only those four assets can run higher loan-to-value ratios than one that has to price the tail, and that lenders capture better economics as a result. Borrowing is open to anyone. The approval process and a 100,000 USDC minimum deposit apply to the boosted supplier rewards, which run to 200,000 USDC paid pro rata over three months against a $20 million supply cap.
Compound's market page puts ETH at an 87% loan-to-value ratio, wstETH at 85%, and WBTC and cbBTC at 81%, with a $10 million borrow cap on each. Liquidation factors run from 93% on ETH to 86% on the two bitcoin assets, and liquidation penalties from 5% on ETH to 10% on WBTC and cbBTC.
The Foundation identified the market to delegates in July as the first V4 research-and-development comet, built under what it calls v3.5 and not part of the original roadmap, with the work funded inside the V4 program. Compound also says v3 has run four years without an exploit, a claim worth stating as the company's own.
Who Holds The KeysCompound delegate ugurmersin asked COMP holders on Sept. 9 to put ultimate control of the market under Compound governance, writing that the DAO "does not currently appear to have ultimate control over Institutional Comet" and that he could find no governance authorization for the structure or any way for COMP holders to revoke it. The proposal would leave day-to-day operation where it is while requiring the administrators to publish a full permissions map and transfer ultimate authority within 30 days.
The Compound Governance Working Group answered the same day with a permissions map. Risk parameters, collateral listings and reserve withdrawals sit with a 3-of-4 Safe whose signers represent the working group, the DAO's security service provider team, Gauntlet and the Foundation. Contract upgrades run through a proxy admin owned by a 4-of-7 Safe drawn from the same four entities. Emergency pause sits with Compound's existing 5-of-9 guardian, which covers every other market the DAO runs. In a DAO-controlled comet the first two layers sit with the governance timelock, the group wrote; here they do not, and approval of the program "should not be confused with a technical ability for COMP governance to revoke those permissions directly."
The group said it does not support the proposal's 30-day transfer deadline, and that the configuration layer has to move quickly while the market iterates on collateral, caps and parameters. On Sept. 10 it wrote that the form of governance for the comet is still being researched and needs a spec, engineering and an audit, with optimistic governance one implementation under study. It also said the market passed $12 million in collateral and was approaching $10 million in supplied USDC within 48 hours of launch.
The delegate narrowed the ask on Sept. 11: governance should be able to replace the administrators while the Safes keep every permission they hold today. "The Safes operate the market. Governance controls who is allowed to operate it," he wrote, arguing the pattern already exists in the Treasury Management Committee framework and needs no research phase. His stated reason for pressing now is V4 itself, which is due to be built with the same program money.
Mostly Still In ReserveCOMP holders approved the budget on May 8, with 1.88 million COMP in favor and none against, and it executed two days later. The Foundation made it public on Aug. 17 alongside four hires from Coinbase, Anchorage, NEAR and Maple. Schnarch, the executive director, was chief operating officer of Anchorage Digital and chief executive of Coinbase Custody. The two-year budget runs $28 million for operations and $24 million for growth, but only $14 million went to the Foundation's multisig; the other $38 million sits in reserve against milestones that include a staffed engineering team and a production v3 integration kit.
Shipping an institutional product three weeks in is the first of those milestones met in public. Whether the remaining $38 million follows is a DAO decision, not a Foundation one.
The $480 Billion LineCompound's boilerplate puts the protocol at "approximately $480B in deposits and borrowing volume" since 2018. Compound sits behind Aave's $17.5 billion and Morpho Blue's $9.6 billion in a lending category holding $50.2 billion across 639 protocols, with 3.1% of the total.
Compound wrote the template for onchain lending in 2018 and now holds less than a tenth of Aave's deposits, and the institutional market is its attempt to win back size on terms and service rather than rates. Compound calls it the first in a planned series built around different collateral types and borrower profiles.
CORRECTION: Borrowing is open to anyone and approval applies only to the supplier rewards; COMP holders approved the program in May and the Foundation made it public in August; the participant is K3. The has also been updated with the Compound Governance Working Group's account of the market's control structure and funding mandate, published on Compound's forum on Sept. 9 and 10, and with the exchange that followed.
Polkadot dokončil elastic scaling, který umožňuje parachainům využívat více výpočetních jader současně a do jednoho slotu poslat až tři bloky. Upgrade má zvýšit propustnost při vyšší zátěži.
Breaking the one-core bottleneckA parachain on @Polkadot has traditionally been limited to a single core, meaning it can get only one block included per relay chain block regardless of how congested the chain becomes. Elastic scaling breaks that constraint by allowing parachains to utilise multiple computational cores simultaneously, ending the previous 1:1 relationship between parachain and relay chain blocks. In practice, a chain can push up to three blocks into the same relay chain slot by claiming additional cores. The feature, completed in October 2025, allows a parachain to temporarily use multiple cores when demand is high and release them once traffic drops.
Elastic scaling increases the throughput of a parachain, with projections suggesting individual chains could theoretically handle significantly higher transaction volumes under the multi-core model. The upgrade is part of what the Polkadot community refers to as the "scaling trilogy," alongside Asynchronous Backing and Agile Coretime.
How coretime purchasing worksCores are acquired through Polkadot's Agile Coretime market using $DOT. Cores can be designated to a parachain either continuously through bulk coretime or dynamically via on-demand coretime. Coretime is sold on demand for immediate use, or purchased on a bulk basis ordered up to 28 days in advance. Early-stage projects can start small with on-demand purchasing, paying per block, while more established chains with predictable workloads tend to favour the bulk route for cost certainty.
Shifting to multiple cores moves the performance constraint from the relay chain to the parachain itself. Block producers must be capable of generating blocks fast enough to fill the additional cores, which raises hardware requirements on the chain's own infrastructure. Parachains can intelligently distribute workloads across cores during peak demand periods and release resources when traffic subsides, making the system well-suited to applications with variable or unpredictable usage patterns.
PancakeSwap překročil 200 milionů celkových uživatelů a oznámil 36. měsíc v řadě s čistou deflací $CAKE. Za 24 hodin zpracoval asi 75 milionů USD v tokenizovaných akciích.
Milestone Week for PancakeSwap@PancakeSwap is closing out a strong week across its ecosystem, racking up several milestones that reinforce its standing as one of the largest decentralized exchanges in the world. The protocol officially crossed 200 million total users, a mark that puts it in rare company within decentralized finance.
On the tokenomics side, @PancakeSwap confirmed its 36th consecutive month of net $CAKE deflation. In August alone, The sustained burn rate reflects the structure put in place under Tokenomics 3.0, which
Tokenized Equities Gaining Real TractionPerhaps the most notable development this week is the volume flowing through @bstocksfinance pairs on the platform. @PancakeSwap processed roughly $75M in tokenized equity volume in a single 24-hour window, covering names including $NVDA, $TSLA, and $AAPL. That figure sits within a broader trend that has moved quickly.
The category itself has scaled sharply:
Taken together, the user milestone, the unbroken deflation streak, and the growing share of tokenized equity volume paint a picture of a protocol that continues to diversify well beyond simple token swaps. Whether the momentum holds will depend on liquidity depth and broader market conditions, but for now the numbers back up the narrative.
Sources:
Crypto Briefing: PancakeSwap v3 hosts $3B in spot DEX trading volume for tokenized stocks
PancakeSwap Blog: bStocks Are Live on PancakeSwap
Tokenomics.com: PancakeSwap Tokenomics and CAKE Burns
Chainlink oznámil dvě nové integrace: Forever Money použije CCIP pro přenos nativního $TAO na Robinhood Chain a GMTrade nasadí Data Streams pro 24/7 komoditní trhy.
@chainlink announced two new integrations on September 11, signalling continued momentum for its infrastructure across both cross-chain bridging and real-world asset pricing.
Forever Money Brings Native TAO to Robinhood Chain via CCIP @forevermoney_ai, the Bittensor bridge protocol, is using Chainlink's Cross-Chain Interoperability Protocol (CCIP) to bring native $TAO to Robinhood Chain. The integration extends a pattern already forming around Robinhood Chain's infrastructure: Plugging native $TAO into that ecosystem gives Bittensor's token a new distribution route on one of the more closely watched new layer 2 networks.
GMTrade Deploys Chainlink Data Streams for Round-the-Clock Commodity Markets On the other side of the announcement, RWA perp DEX @gmtrade_xyz is integrating $LINK Data Streams to run 24/7 commodity markets.
The oracle choice is central to the product design. That matters for commodity markets, where
The commodity perps launch removes one of the more visible constraints of traditional markets:
Taken together, the two integrations reflect a broader trend in which Chainlink's suite of services, CCIP for cross-chain asset movement and Data Streams for low-latency off-chain pricing, continues to be adopted as core infrastructure across different corners of the DeFi ecosystem.
Sources:
Robinhood Chain Launches and Adopts Chainlink, PR Newswire
GMTrade Launches 24/7 Perpetual Trading for Commodities on Solana, Crypto Briefing
GMTrade Opens Gold, Silver and WTI Crude Oil Perpetuals on Solana, Solana Compass
Tokenizovaná akcie DraftKings (DKNG) na Solaně dosáhla objemu obchodů 39 milionů USD během tří hodin od spuštění. Token je krytý v poměru 1:1 skutečnými akciemi DraftKings v úschově.
A tokenized version of DraftKings stock racked up $39 million in trading volume within three hours of going live on Solana.
The DKNG token, issued through Backpack Securities, is fully backed 1:1 by actual DraftKings shares held in custody. Holders can redeem their tokens or transfer them into traditional brokerage accounts.
Solana’s unlikely transformation into a stock exchange Daily tokenized stock volumes on the network have exceeded $600 million at various points in 2026. By early September 2026, total tokenized equity supply on Solana reached approximately $684 million. The network has captured over 95% of global on-chain tokenized equity DEX volume through mid-2026.
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Backpack Securities launched its first tokenized equity with SpaceX shares back in June 2026, giving retail investors access to a company that doesn’t trade on public markets. Since then, it has expanded to companies including GoPro and Moderna, building a growing catalog of on-chain equities that trade across Solana DEXs like Raydium and Jupiter.
Traditional stock markets operate roughly six and a half hours per day, five days a week, closed on holidays, and gated behind brokerage accounts with varying fee structures. Tokenized equities on Solana trade 24/7, settle near-instantly, and benefit from the network’s low transaction costs.
Why tokenized stocks are eating memecoins’ lunch Tokenized equities have begun outperforming memecoins in trading volume on Solana.
The DKNG token attracted thousands of holders within its first days of trading. The combination of regulatory compliance, since tokens can be redeemed for actual shares, and the convenience of round-the-clock trading appears to be pulling in a broader investor base.
What this means for traditional finance The fact that DKNG tokens can be transferred to traditional brokerage accounts suggests Backpack has navigated the compliance landscape carefully.
Solana’s dominance in this category, controlling over 95% of on-chain tokenized equity volume, also raises competitive questions for other Layer 1 blockchains. Ethereum, which has positioned itself as the institutional chain of choice, has yet to capture meaningful tokenized equity activity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Zest Protocol spouští měsíční DeFi pobídky v hodnotě ekvivalentu 0,5 BTC, vyplácené v STX. Polovina půjde na nabídku sBTC a polovina na dlužníky USDCx s LTV nad 20 %.
Zest Protocol users will receive STX equivalent to 0.5 BTC per month in DeFi incentives, powered by the Stacks Endowment. The current plan divides that funding equally between sBTC supply and qualifying USDCx borrowing on Zest Protocol's Stacks lending market.
For sBTC suppliers, the proposed rewards support supplying without taking out a loan. For USDCx borrowers, the allocation rewards borrowing positions that meet the program's LTV requirement.
Key takeaways:
Monthly funding will be paid in STX, with a budget equivalent to 0.5 BTC.Half is planned for plain sBTC supply, with no borrowing required.Half is planned for qualifying USDCx borrowing at 20% LTV or more.Supply incentives aim to facilitate future Levered Bitcoin Staking Vault borrowing.How the DeFi incentives will be allocatedThe current plan directs equal shares of the Stacks Endowment funding to two activities: supplying sBTC and borrowing USDCx. The supply allocation supports keeping sBTC available in the lending market. The borrowing allocation supports users taking out eligible USDCx loans against their collateral.
The split is:
sBTC supply: Half of the monthly funding goes to users supplying plain sBTC, without needing to borrow.USDCx borrowing: Half of the monthly funding goes to borrowers meeting 20% LTV.
Both allocations concern Zest Protocol's Stacks lending market. The funding is denominated in BTC value but distributed in STX, rather than paid out as BTC.
What sBTC suppliers will earnThe sBTC supply estimate is approximately 0.6% APY, combining interest from organic sBTC borrowing activity with STX incentives. Suppliers can participate without taking out a loan or entering a vault. Over the coming months, organic lending interest will likely account for more of that yield as Bitcoin Staking-driven borrowing grows. The incentives support sBTC supply while borrowing demand develops.
Bitcoin Staking helps build a base rate for sBTC on StacksBTC supply offers remarkably little yield elsewhere. Today, Aave's Ethereum V3 Core market displayed a WBTC supply APY below 0.01%, less than one basis point. A 0.6% sBTC supply APY combines organic borrowing interest with incentives, while Bitcoin Staking provides a source of borrowing demand that can support yield beyond the incentive period.
Zest Protocol's Stacks Market is building a base rate for sBTC around that demand. The Levered Bitcoin Staking Vault posts stBTC as collateral, borrows sBTC, and stakes the borrowed sBTC into more stBTC. The process repeats within the strategy's risk limits, connecting Bitcoin Staking yield to demand for sBTC loans.
That gives Stacks a route to a durable advantage in Bitcoin DeFi. Higher sBTC supply yields attracts more BTC liquidity and a base rate for sBTC backed loans. Bitcoin Staking creates the economic reason for that capital to come and stay: yield that can increasingly be supported by borrowing demand.
Which USDCx borrowers will qualify?The other half of the monthly allocation is planned for USDCx borrowers who meet an LTV eligibility requirement. LTV describes the value of a loan relative to its collateral. Eligibility requires LTV above 20%. The proposed rewards apply to borrowing USDCx.
