Key Takeaways XRP hovered around $1.37 on September 1, declining 1.38% amid pressure from climbing Treasury yields on speculative assets Spot XRP ETFs in the United States posted their largest weekly capital influx of 2026, reaching $110.49 million during the week concluded August 28 The benchmark 10-year Treasury yield neared 4.80%, redirecting investment flows away from digital currencies Breaking below the $1.34 threshold could trigger a decline toward $1.30, with further downside to $1.20 if bearish momentum persists Technical Elliott Wave projections indicate a potential Wave 3 rally to $2.90–$3.10, contingent on completing a corrective pullback first XRP retreated 1.38% to reach $1.3592 on September 1, surrendering some of August’s gains as strengthening US government bond yields encouraged capital rotation out of higher-risk digital assets.
XRP Price The cryptocurrency had momentarily climbed to $1.69 throughout August before encountering resistance. Since then, price action has consolidated within a narrow corridor spanning $1.35 to $1.40.
Notwithstanding the pullback in price, institutional appetite via US-listed spot XRP exchange-traded funds showed resilience. During the seven-day period concluded August 28, these investment vehicles captured net capital inflows totaling $110.49 million — marking the strongest weekly performance year-to-date for 2026.
Focusing on August 31 specifically, single-day inflows registered $5.64 million. Canary’s XRPC product dominated with $4.71 million in new capital, while Bitwise contributed approximately $930,000.
Source: SoSoValue Aggregate ETF holdings climbed to $1.45 billion, representing roughly 1.67% of XRP’s approximately $85 billion total market capitalization. Bitwise commanded the largest position with $507.23 million in managed assets, trailed by Franklin’s $370.02 million and Canary’s $341.60 million.
The yield on 10-year US Treasury notes pushed toward 4.80%, marking its most elevated reading since January 2025. Higher fixed-income returns typically divert capital away from cryptocurrency markets as risk-adjusted returns become less favorable.
Market analyst XRP Update highlighted on X that the token is “running out of room,” observing that the 4-hour chart displays compression between support around $1.35 and declining resistance near $1.40. According to the analyst, a decisive breakout from this consolidation pattern could catalyze the next substantial directional movement.
Technical Indicator Breakdown The Relative Strength Index registered 39.56, positioned below the midpoint but not yet indicating oversold conditions. The MACD indicator measured -0.0088, hovering marginally above its signal line at approximately -0.0090.
Source: TradingView A decisive close beneath $1.34 would likely expose the path toward $1.30. Should downward momentum intensify, the $1.20 zone emerges as the subsequent critical support area.
Conversely, successfully recapturing $1.38 could redirect XRP toward the $1.50 region, with $1.60 representing an extended upside objective.
Wave Analysis and Legislative Developments TradingView analyst Kap_Waves outlined a possible Wave 2 correction unfolding, forecasting a retracement toward the $1.15–$1.25 range before any significant upward continuation. This framework positions Wave 3 objectives at $2.90 and $3.10, though these remain theoretical projections rather than guaranteed outcomes.
Senator Kevin Cramer expressed confidence that the CLARITY Act holds substantial prospects for progression during the September 15 Senate voting session. Prediction market participants on Kalshi assigned a 91% likelihood to a Senate vote occurring before October, whereas Polymarket users estimated only a 13% probability of the legislation achieving enactment during 2026.
Additionally, the SEC unveiled proposed regulations facilitating blockchain integration within securities settlement processes, a move potentially indicating regulatory evolution even as legislative debates surrounding cryptocurrency frameworks persist in Congress.
XRP was trading at $1.39 according to the most recent market data.
Amonyx, a well-known cryptocurrency analyst on X, has signaled that XRP may be on the verge of a significant market move. He advised current holders to stay alert, suggesting a market event that could surpass XRP’s 2017 rally in scale. His forecast was accompanied by a multi-year chart tracking XRP’s performance against Bitcoin, reflecting several years of shifting momentum.
The technical patternThe referenced chart displays the XRP/BTC trading pair from 2013 onward, utilizing a three-week timeframe. Over this period, XRP has moved within a broad descending wedge, with price action continually squeezed between converging resistance and support trendlines. This formation has persisted for years as XRP has gradually declined in value relative to Bitcoin.
Recent activity suggests XRP is testing the upper boundary of this wedge more forcefully, a situation that often points to increased buying pressure. The wedge pattern has narrowed substantially, and XRP is currently trading at 0.00001758 BTC, situated just beneath the established resistance zone.
Some of you are about to witness a wealth transfer so massive, it’ll make 2017 look like a test run. $XRP holders, stay ready.
Amonyx indicated that a breakout above the descending trendline could represent a pivotal technical shift. He cited the possibility of a price move resembling the steep climb documented in 2017, using chart symbols to illustrate his optimistic outlook. While 2017 saw historic gains for XRP, replicating even a fraction of that surge would yield substantial returns for current investors.
Mini dictionary: Descending wedge, a chart pattern characterized by converging downward-sloping trendlines, typically interpreted as a potential bullish reversal signal when price breaks above the upper boundary.
Comparisons to 2017Although Amonyx stopped short of providing an explicit target price, other market observers have used the 2017 rally as a benchmark. During that period, XRP’s price climbed from approximately $0.005 to more than $3, delivering extraordinary percentage gains. Analyst Digital Asset Investor projected that if XRP were to repeat even 10% of this performance from its current trading range, the token could reach about $212. Should the rally use a $0.50 starting point, a 10% repeat would equate to roughly $33.55 per XRP.
ScenarioStarting priceTarget (10% of 2017 rally)Current price basis(approximate current level)$212Nov 2024 price basis$0.50$33.55In addition, analyst ChartNerd identified a past pattern involving a double top, price drop, and explosive rally prior to XRP’s 2017 breakout. He believes a similar technical setup could be emerging, raising expectations among certain bullish investors.
During the 2017–2018 run, XRP posted cumulative gains exceeding 66,000%, reaching a peak above $3 from a starting price near half a cent. Analysts now speculate on the potential for a repeat of even a fraction of this performance if current technical structures hold.
The forecast prompted a notable response from XRP’s online community, sometimes referred to as the “XRP Army.” Some commenters expressed hope that Amonyx’s projection would materialize, while others stated they were waiting for a rally. However, critical voices emerged as well, with a few individuals accusing Amonyx of promoting XRP rather than offering impartial technical analysis.
Amonyx, who is known for frequently issuing bullish forecasts on XRP, remains optimistic even as perspectives on future outcomes vary within the digital asset community.
XRP, developed by Ripple Labs, serves as a digital payment protocol and cryptocurrency designed for fast, low-cost international value transfer. The asset’s sizable online following has historically amplified reactions to price speculation and technical signals from prominent analysts.
In the volatile environment of the cryptocurrency market, relying solely on XRP price appreciation for returns is becoming increasingly uncertain.
Consequently, a growing number of investors are focusing on how to generate ongoing value from their XRP holdings without having to sell the assets.
For long-term XRP investors, enhancing the stability of returns while managing risk has emerged as a key investment priority. Against this backdrop, the cloud mining solution launched by FTmining is attracting significant market attention.
The investment rationale for XRP is shifting.
For a long time, investment returns from XRP relied primarily on price appreciation. However, amidst heightened market volatility and uncertain market cycles, relying solely on price fluctuations to generate gains is increasingly insufficient to meet the demand for stable returns among some investors.
Against this backdrop, a growing number of long-term XRP holders are exploring ways to generate ongoing returns from their assets without having to sell their holdings.
FTmining’s cloud mining model has emerged to meet this specific investor demand. It allows users to participate in mining profit distributions via the platform’s automated system while holding XRP, thereby reducing reliance on short-term price fluctuations.
Key advantages of FTmining cloud mining Instant rewards New users receive a $15 sign-up bonus and a $0.75 daily login bonus, offering a truly barrier-free entry into the mining experience.
Diverse mining contracts Options range from entry-level, short-term $15 contracts to high-yield long-term plans, catering to users with varying budgets and return expectations.
Authoritative regulatory backing FTmining is a cloud cryptocurrency mining platform licensed by the UK Financial Conduct Authority (FCA).
Established in 2021 and headquartered in the UK, the platform undergoes annual audits by PwC and provides digital asset insurance through Lloyd’s of London.
Bank-grade security The platform utilizes top-tier security technologies from McAfee® and Cloudflare® to ensure comprehensive, global protection for users’ digital assets.
Round-the-clock operational stability The platform maintains 100% uptime and provides 24-hour technical support, ensuring consistent and stable mining returns.
How to start your FTmining cloud mining journey Step 1: Register an account: Visit the official FTmining website at https://ftmining.com
Enter your email address to create an account, log in, and access your dashboard to start mining immediately.
Step 2: Purchase a mining contract: FTmining offers various contract options to suit different budgets and goals. Users can choose from the following:
Starter Contract: $100 — 2-day term — Total profit approx. $108
Stable Contract: $800 — 5-day term — Total profit approx. $852.80
Professional Contract: $5,000 — 20-day term — Total profit approx. $6,520
Premium Contract: $25,000 — 28-day term — Total profit approx. $38,300
Visit the official website for more contract details.
After purchasing a contract, earnings are automatically credited within 24 hours; you can withdraw funds to your personal wallet or reinvest them to generate further returns.
Real feedback from XRP holders Kevin, an XRP investor from Florida, USA:
“I used to just hold XRP for the long term, with returns entirely dependent on market fluctuations. Since using FTmining, I receive consistent monthly mining income; currently, my monthly earnings are stable at around $15,000.”
Leo, an XRP holder from São Paulo, Brazil:
“To me, FTmining is more of an asset management tool than a short-term speculative project; it allows my XRP to generate cash flow while I hold it.”
Perspective from a Crypto Asset Strategy Analyst:
“For long-term cryptocurrency holders, relying solely on market price fluctuations for returns carries high risk during times of uncertainty. Improving asset utilization efficiency through platforms like FTmining is a growing trend in the industry.”
Conclusion As the crypto market continues to evolve, FTmining offers XRP holders a more robust and sustainable way to generate returns. Through the FTmining cloud mining model, XRP is evolving from a speculative asset reliant on price appreciation into a financial instrument capable of generating consistent passive income.
For investors seeking to earn stable passive income while retaining the long-term value of their XRP holdings, FTmining offers a compelling option worth considering.
US-listed spot Bitcoin exchange-traded funds (ETFs) capped their best month of 2026 alongside Bitcoin’s biggest monthly gain since November 2024.
Bitcoin ETFs attracted $3.52 billion in net inflows in August, their highest monthly total of 2026 and a sharp increase from just $172 million in inflows in July, according to SoSoValue data.
Bitcoin (BTC) gained about 25% in August, its strongest monthly performance since a 37.29% rally in November 2024, according to CoinGlass.
The August momentum quickly gave way to a weaker start to September, as ETF flows turned negative and Bitcoin briefly fell below $77,000.
August cuts year-to-date outflows by 66% to $1.77BAugust’s $3.52 billion in Bitcoin ETF inflows cut year-to-date net outflows by roughly 66%, from $5.29 billion to $1.77 billion.
The biggest monthly outflows came in June at $4.51 billion, followed by $2.43 billion in May and $1.61 billion in January, according to SoSoValue data.
Monthly flows into US spot Bitcoin ETFs in 2026. Source: SoSoValue
The funds recorded net inflows on 16 of 21 trading days in August, including nine consecutive sessions from Aug. 17 through Aug. 27.
Total net assets rose to $99.61 billion at the end of August from $76.29 billion at the end of July, an increase of about 31%. Monthly trading volume climbed nearly 49% to $58.63 billion from $39.37 billion.
September starts with $236M in Bitcoin ETF outflowsUS spot Bitcoin ETFs started September with $236.46 million in net outflows on Tuesday, reversing the $216.70 million in net inflows recorded on Monday. The withdrawal marked the largest daily outflow since July 31, when the funds shed $265.37 million.
The reversal came as Bitcoin briefly fell below $77,000 on Tuesday after trading above $80,000 in late August, according to CoinGecko.
Ether and XRP ETFs remained in positive territory on Tuesday. Spot Ether (ETH) ETFs attracted around $11 million on Tuesday, while spot XRP (XRP) ETFs drew $14.4 million.
August pushed Ether ETFs into positive territory for 2026, with $732 million in year-to-date net inflows after they ended July about $1.12 billion in the red.
XRP ETFs reached $502 million in year-to-date net inflows, up about 46% from $343 million at the end of July.
Magazine: Does the Bitcoin rally mean we haven’t wasted our lives in crypto?
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
On-chain data shows that 500 million XRP tokens have been withdrawn from Binance, as reported by @cryptoquant_com. This movement is primarily seen as a reduction in immediate sell-side liquidity, given that assets transferred off exchanges are generally less available for quick sale. Previous reports have indicated that Binance has experienced consistent XRP outflows, with its reserves reportedly nearing multi-year lows. These developments are significant for the XRP market as they suggest a potential change in liquidity conditions, though they do not directly confirm price changes.
Key Takeaways The withdrawal of 500 million XRP from Binance appears to suggest a reduction in available sell-side liquidity. Market participants might interpret this move as consistent with potential accumulation and long-term positive sentiment for XRP. Pricing in the XRP all-time high prediction markets suggests moderate increases in the odds of reaching a new high by year-end. What to Watch Observers should monitor any further large-scale XRP movements from exchanges, as continued outflows could indicate sustained changes in liquidity. Key actors such as Ripple CEO Brad Garlinghouse and regulatory bodies like the U.S. SEC could also influence market sentiment with new announcements. Additionally, developments in related markets, such as Bitcoin’s performance and interest rate decisions by the Fed, may impact XRP’s trajectory toward a potential all-time high by December 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 1% — — View market → December 31, 2026 7.8% — — View market →
US spot bitcoin exchange-traded funds (ETFs) recorded a significant outflow on Monday, with total withdrawals amounting to $236 million, according to data from SoSoValue. The largest contributor was BlackRock’s IBIT, which saw $201 million exit the fund. Fidelity’s FBTC followed with an outflow of $44 million.
IBIT sees major outflowsBlackRock, recognized as the world’s largest asset manager, has positioned IBIT as a key instrument for investors seeking exposure to bitcoin without directly holding the cryptocurrency. The $201 million outflow from IBIT signals a noticeable shift in investor sentiment or portfolio strategy.
Fidelity, another major US asset manager known for its diverse investment offerings, reported a withdrawal of $44 million from its FBTC bitcoin ETF. These two funds together accounted for nearly the entire outflow from spot bitcoin ETFs on the day, highlighting their dominant roles in the current market landscape.
IBIT accounted for most of a significant $236 million outflow in spot bitcoin ETFs on Monday, with Fidelity’s FBTC also seeing a notable withdrawal.
Limited inflows and flat performance elsewhereBitwise’s BITB emerged as the only fund in this group to post a net inflow, attracting approximately $8 million. The remaining nine spot bitcoin ETFs reported no significant fund movement, reflecting subdued trading activity across the board.
Outside of bitcoin-focused funds, other cryptocurrency ETF products recorded modest gains. Ether ETFs attracted $11 million in fresh capital, continuing a streak of 12 consecutive days with net inflows. Meanwhile, funds tracking XRP collected $14 million, and those exposed to solana took in $10 million. A fund called hyperliquid also saw a smaller increase, adding nearly $2 million.
Mini dictionary: Hyperliquid is a decentralized trading platform and DeFi protocol offering perpetual futures trading and on-chain liquidity for a range of digital assets. Its ETF exposure remains relatively minor compared to established vehicles for large-cap cryptocurrencies.
Market trends and price movementsBitcoin traded just above $77,000 during Asian trading hours on Wednesday, marking a 2% weekly decline, according to CoinDesk data. Among major altcoins, solana and zcash led the 24-hour losses with each dropping about 3%. XRP, tron and dogecoin slipped by roughly 2%. Bitcoin, ether, BNB and hyperliquid funds hovered within 2% of their previous prices, indicating limited volatility among top-tier assets.
Cryptocurrency/Fund1-Day ChangeWeekly PerformanceRecent ETF FlowBitcoin-2%-2%$236M outflowSolana-3%N/A$10M inflowXRP-2%N/A$14M inflowEtherflatN/A$11M inflowZcash-3%N/AN/AAnalysts have noted that the outsized withdrawal from IBIT highlights the impact one large institutional portfolio can have on overall ETF flows. Ongoing movements in IBIT will be closely monitored, as further redemptions may continue to set the short-term direction for the broader spot bitcoin ETF landscape.
Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
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Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
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Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
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4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
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Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
PANews, September 2 - According to SoSoValue data, affected by combined factors such as the escalating U.S.-Iran conflict and surging U.S. Treasury yields, the crypto market generally pulled back, and the Meme sector performed weakly, falling 3.18% over 24 hours. Within the sector, Pump.fun (PUMP) fell 8.41%, and OFFICIAL TRUMP (TRUMP) fell 6.42%, but the popular Robinhood Chain ecosystem tokens Pons (PONS) and Cash Cat (CASHCAT) rose 0.96% and 2.83%, respectively.
In other sectors, the DeFi sector fell 0.82%, while Uniswap (UNI) rose 11.16% against the trend; the CeFi sector fell 1.62%, and Cronos (CRO) fell 3.98%; the Layer 1 sector fell 2.82%, and Canton Network (CC) fell 7.63%; the Layer 2 sector fell 2.92%, and Arbitrum (ARB) fell 1.34%; the PayFi sector fell 3.18%, and Zcash (ZEC) fell 2.93%.
Bitcoin has slipped to $76,926.53, down 2.2% over the past day, pulling Ethereum and XRP lower with it after US forces struck Iranian targets near the Strait of Hormuz, sending oil prices to their highest level in 40 days and rattling investors across every major asset class.
A Fast-Moving Geopolitical Shock
President Trump confirmed the strikes and warned Iran against retaliating, later adding he isn’t trying to push Iran back to the negotiating table and “couldn’t care less” whether Tehran signs any deal.
Oil surged past $90 a barrel on the news, its highest print in roughly six weeks, as traders priced in the risk of a prolonged disruption to one of the busiest shipping lanes for global crude.
The fallout wasn’t contained to oil or crypto. Japan’s Nikkei tumbled 2.7%, erasing an estimated ¥31.8 trillion, around $202 billion, in market value, with the damage concentrated heavily in tech stocks. South Korea’s annual inflation came in at 3.1%, slightly below the 3.2% forecast, doing little to offset the broader risk-off mood sweeping through Asian and global markets.
Where the Numbers Stand
Total crypto market cap has slipped to $2.7 trillion, down 1.4% on the day, with $82.4 billion in trading volume. Ethereum has fallen to $2,395.12, down 3.0%, while XRP has dropped to $1.33, down 3.7% on the day. Solana is down 4.0% at $98.77, and BNB has slipped 1.8% to $681.55.
A Familiar Pattern on the Charts?
Not everyone reading the pullback as purely bad news. Analyst Ali Charts pointed to similarities between Bitcoin’s current price structure and its 2023 bottoming pattern, when Bitcoin tested resistance three separate times, each attempt followed by a roughly 20% pullback toward the middle of its trading range, before finally breaking out on a fourth attempt and igniting its last major bull run.
Bitcoin has already been rejected once near the top of a similar channel this time around, and if the pattern repeats, Ali Charts said further failed breakout attempts and a pullback toward the $70,000 zone could come before any decisive move higher.
For now, the immediate driver remains geopolitical. With US-Iran tensions escalating in real time and oil prices climbing on fears of a wider disruption, crypto markets are trading defensively until there’s more clarity on how far the conflict extends.
Story Ends Here
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Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
4 minutes ago
Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday, with technical indicators suggesting early weakening momentum across the top three cryptocurrencies following massive gains in August. BTC shows early bearish signals, while ETH has extended its pullback after rejection near $2,500. Meanwhile, XRP is consolidating below key support, keeping the outlook cautious.
Bitcoin shows early bearish signsBitcoin price trades at $77,249 on Wednesday after a mild correction the previous day. Despite the pullback, BTC maintains a bullish near-term bias as price holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $69,300 and $72,400.
This stacked configuration of rising EMAs suggests the broader uptrend remains intact, even as Moving Average Convergence Divergence (MACD) has slipped back toward the signal line and turned slightly negative, hinting at some loss of upside momentum while the Relative Strength Index (RSI) eases from overbought territory but stays comfortably above the neutral 50 line.
On the downside, initial support is at the longer-term 200-day EMA around $72,365, the 50-day EMA around $70,295, the 100-day EMA near $69,232, with additional structural floors at $66,500 and $62,300 if a deeper correction unfolds.
On the topside, the next notable resistance aligns with the horizontal barrier at $85,000, and a daily close above this level would reopen the path for the uptrend. In contrast, failure to clear it could encourage further consolidation back toward the EMA support band.
BTC/USDT daily chartEthereum faces rejection from the $2,500 markEthereum trades at $2,407 on Wednesday after rejection near $2,500 the previous day. ETH holds a constructive near-term bias as price trades firmly above the 50-day, 100-day and 200-day EMAs clustered between roughly $2,060 and $2,170, suggesting a supportive medium-term trend despite the latest pullback from recent highs.
The RSI eases to about 63 from overbought territory, hinting at cooling but still positive momentum. At the same time, the Moving Average Convergence Divergence (MACD) has slipped into negative territory, reinforcing the view that upside may be consolidating rather than accelerating in the very near term.
On the topside, immediate resistance emerges at the horizontal barrier near $2,500, with a subsequent cap at $3,000 where sellers are likely to reassert control if the recovery extends.
On the downside, initial support appears at the 200-day EMA around $2,167, reinforced by the 50-day EMA near $2,126 and the 100-day EMA near $2,053. At the same time, a deeper retreat would bring the psychological $2,000 horizontal floor into focus.
ETH/USDT daily chartXRP slips below key supportXRP price trades at $1.342 on Wednesday, consolidating just under the 200-day EMA at $1.350, leaving the broader bias neutral as it holds above the clustered 50-day and 100-day EMAs around $1.216 but has yet to reclaim its longer-term trend barrier.
The RSI at 57 shows mildly positive but not overbought momentum, while the MACD has slipped slightly negative, hinting at waning upside pressure after the recent surge.
On the topside, immediate resistance is defined by the 200-day EMA at $1.350; a daily close above this level would expose the next notable cap at the horizontal resistance near $1.900.
On the downside, initial demand is seen at the horizontal support around $1.300, with stronger structural support emerging from the 50-day EMA at $1.216 and the 100-day EMA at $1.215; a loss of these levels could trigger a deeper pullback toward the psychological and historical floor near $1.000.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
4 minutes ago
Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
4 minutes ago
Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
Tether sued by two Thai businessmen over freezing $42.4 million in USDT
Tether is facing a lawsuit over the freezing of $42.4 million worth of USDT. Two Thai businessmen claim their wallets were blacklisted following an informal request from a US government official, with no search warrant or court order issued at the time. The pair are now demanding the unfreezing of their assets, as well as compensation from Tether for the returns generated by the relevant reserve assets during the period their USDT was frozen.
4 minutes ago
Binance will list multiple USDT-denominated TradFi perpetual contracts.
According to an official announcement, Binance’s contract platform will launch USDT-denominated perpetual contracts, each with a maximum leverage of 20x, at the following times (all times are UTC+8): - September 2, 2026, 18:00: NVDLUSDT perpetual contract - September 2, 2026, 18:05: TSLLUSDT perpetual contract - September 2, 2026, 18:10: DDOGUSDT perpetual contract - September 2, 2026, 18:15: TEAMUSDT perpetual contract - September 2, 2026, 18:20: MDBUSDT perpetual contract - September 2, 2026, 18:25: ZSUSDT perpetual contract - September 2, 2026, 18:30: GTLBUSDT perpetual contract
4 minutes ago
Hang Seng Indexes Company: Shein will be fast-tracked for inclusion in the Hang Seng Composite Index.
Hang Seng Indexes Company announced that Shein-W meets the requirements for the fast inclusion rule, and will be included in the Hang Seng Composite Index and its sub-indices after market close on September 14.
4 minutes ago
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
Key Highlights August saw ETH climb 32.5%, marking its strongest monthly showing since July 2025 Spot Ethereum ETFs in the United States registered $1.85 billion in net capital inflows throughout August Large holders amassed 430K ETH as smaller investors reduced their positions Price action shows ETH battling to overcome the $2,550 barrier, currently hovering near $2,463 BitMine added 53,501 ETH to its portfolio last week, pushing total reserves to approximately 5.9 million ETH As of September 2, Ethereum is changing hands around $2,463, reflecting a 1.79% increase in the last 24-hour period. This comes after an impressive August session where ETH delivered a 32.5% monthly advance — representing its strongest performance since July 2025.
Ethereum (ETH) Price The surge was primarily fueled by United States-based spot Ethereum exchange-traded funds. Data from SoSoValue indicates these investment vehicles drew in $1.85 billion in net capital during August, representing their strongest monthly showing in more than 12 months. The funds concluded August with an impressive 11-consecutive-day inflow sequence, experiencing just four sessions of outflows throughout the entire period.
Large wallet addresses containing between 10,000 and 100,000 ETH purchased 430,000 ETH throughout August, with the majority of this accumulation occurring during the latter half of the month. Simultaneously, smaller retail addresses disposed of significant ETH holdings, indicating a pronounced shift from individual investors to institutional players.
Source: CryptoQuant Staking participation also experienced notable growth. Ethereum staking smart contracts received 1.4 million ETH during August, representing the most substantial monthly expansion since February 2024. Increased ETH deposits into staking mechanisms effectively decrease circulating supply in the market.
Market analyst BATMAN highlighted this momentum change on X, observing that ETH “seems to not be getting the attention it deserves.” He emphasized that the recent price movement signaled a trend reversal toward bullish territory following nearly twelve months of downward pressure. He observed that the 50-day moving average, which had consistently served as resistance, is now functioning as a support level. His advice to the community: “Don’t sleep on ETH.”
$ETH seems to not be getting the attention it deserves.
The recent pump marked a trend reversal back to bullish, after being bearish for almost a year.
Ethereum got rejected by the 50-day MA multiple times.
Now that things have been flipped, it acts as support.
Don't sleep on… pic.twitter.com/U8hI5zXbyG
— BATMAN ⚡ (@CryptosBatman) September 1, 2026
Resistance at $2,550 Proves Stubborn Notwithstanding August’s impressive performance, ETH has encountered difficulty breaking through the $2,550 threshold. Several breakout attempts have been unsuccessful in establishing a sustained move beyond this price point. On-chain specialist Ted Pillows observed that leveraged long positions are accumulating rapidly at current price levels, creating potential liquidation risk if ETH faces another rejection. Open interest has climbed to approximately 4.973 million, accompanied by elevated funding rates.
$ETH tried to break above the $2,550 level but failed again.
For now, I think most of Ethereum's moves are done in the short term.
Expecting more chop and a small capitulation before reversal. pic.twitter.com/Q1pD2dS8xR
— Ted (@TedPillows) August 31, 2026
Should bulls fail to defend present levels, the $2,250–$2,300 range represents the next significant support zone worth monitoring. Successfully clearing $2,550 could potentially trigger a rally toward the $2,650–$2,700 territory.
Corporate Accumulation Persists Corporate appetite for ETH has remained strong despite near-term consolidation. BitMine acquired another 53,501 ETH during the previous week, increasing its cumulative position to roughly 5.9 million ETH.
Market commentator DonAlt has highlighted that macro resistance between present price levels and the $4,000–$4,100 range appears relatively sparse, establishing that zone as an important longer-term objective should ETH sustain upward momentum.
ETH currently trades at $2,463, with the $2,550 level representing the most prominent near-term resistance obstacle on the chart.
Ethereum extended its bullish momentum in August, climbing 32.5% for its strongest monthly performance since July 2025. On September 2, the leading smart contract platform traded around $2,463, marking a 1.79% gain in the previous 24 hours.
Spot Ethereum ETFs drive inflowsRobust capital inflows into US-based spot Ethereum exchange-traded funds were a central force behind Ethereum’s rally. According to blockchain analytics firm SoSoValue, these ETFs registered $1.85 billion in net new capital last month. This marked their largest month of inflows in over a year, including an unbroken 11-session inflow streak and only four sessions of outflows during August.
SoSoValue reported $1.85 billion in net capital flowed into spot Ethereum ETFs in August, the sector’s best showing in more than 12 months.
Spot ETFs allow investors to gain exposure to Ethereum without directly holding the asset, and such products have become increasingly popular with institutional investors.
Mini dictionary: Spot Ethereum ETF, an exchange-traded fund that tracks the price of Ethereum and settles transactions in real-time without using futures contracts.
Large holders accumulate as retail investors exitA noticeable shift in Ethereum’s ownership structure unfolded during August. On-chain data revealed that large wallets holding between 10,000 and 100,000 ETH accumulated 430,000 ETH, with most of these purchases happening late in the month. By contrast, smaller retail addresses reduced their ETH positions, suggesting heightened institutional accumulation at the expense of individual investors.
Ethereum staking activity also accelerated. Staking contracts received 1.4 million ETH during August, the largest monthly increase since February 2024. Increasing the amount of ETH locked in staking contracts reduces the circulating supply available for trading.
Market observer BATMAN described recent price gains as a reversal to bullish momentum after a year of downward pressure and pointed to the 50-day moving average now acting as support for ETH.
Resistance at $2,550 holds firmWhile the August surge propelled ETH near the $2,550 mark, it has struggled to achieve a decisive breakout above this level. Moves to clear the resistance have repeatedly faltered, prompting some analysts to anticipate short-term volatility. On-chain specialist Ted Pillows noted that leveraged long positions are accumulating around current prices, which could increase liquidation risk if the asset faces another rejection. Open interest has risen to about 4.973 million, alongside higher funding rates.
Support LevelCurrent ResistanceNext Resistance$2,250–$2,300$2,550$2,650–$2,700Traders are monitoring $2,250–$2,300 as the next major support in the event of a pullback, while a clear daily close above $2,550 could open the path to $2,650–$2,700.
Corporate accumulation and longer-term targetsInstitutional demand has remained robust. BitMine, a large digital asset investment firm, acquired 53,501 ETH last week. This increased its reserves to approximately 5.9 million ETH, affirming continued corporate interest even as prices consolidate.
Crypto analyst DonAlt has commented that the range between current prices and $4,000–$4,100 holds relatively light resistance, making it a key long-term target if bullish momentum is sustained.
In the immediate term, ETH continues to trade at $2,463, with the $2,550 level remaining the most significant obstacle for further upside.
Hyperliquid‘s HYPE token rose 1.29% to around $83 following its addition to Hashdex’s Nasdaq CME Crypto Index ETF, growing investor interest and attracting significant institutional moves.
ETFs expand amid fresh allocationsHashdex, a global digital asset manager, updated its Nasdaq CME Crypto Index ETF (trading under the ticker NCIQ) on September 1, 2026, to include HYPE among its diversified holdings. With this move, the fund now tracks nine digital assets instead of eight.
HYPE was entered into the index with a 3.36% allocation. The majority of the index remains concentrated in Bitcoin at 74.36%, with Ethereum at 11.88%, XRP at 5.21%, and Solana at 3.79%. The rest of the portfolio also features Stellar, Cardano, Chainlink, and Bitcoin Cash.
AssetETF Allocation (%)Bitcoin74.36Ethereum11.88XRP5.21Solana3.79Hyperliquid (HYPE)3.36Stellar, Cardano, Chainlink, Bitcoin CashRemainderNCIQ was initially launched by Hashdex in February 2025, offering investors exposure to only Bitcoin and Ethereum. The ETF applies a rules-based methodology, scoring candidates on liquidity, market capitalization, custodial infrastructure, and adherence to regulatory standards.
Hashdex Chief Investment Officer Samir Kerbage said the intention in February 2025 was always future growth: “The intention behind launching NCIQ in February 2025 with two assets was always portfolio expansion.”
Kerbage also pointed out Hyperliquid’s decentralized architecture, noting that increasing regulatory clarity helps position its ecosystem for larger roles in mainstream financial markets.
Mini dictionary: Hashdex is a global asset management company specializing in crypto and blockchain investment products, known for offering publicly traded cryptocurrency ETFs in multiple countries.
Strategic equity move and market activityHyperliquid Strategies, the capital markets division affiliated with the Hyperliquid platform, expanded its equity financing facility with investment bank Chardan Capital Markets from $1 billion to $2.5 billion. According to regulatory filings, this framework boosts available capacity for financing but does not represent funds that have already been raised.
The actual proceeds from this arrangement will depend on market conditions and share issuance volumes. Hyperliquid Strategies stated that proceeds could cover general corporate expenses, including, but not limited to, additional HYPE token acquisitions, although no minimum allocation is required.
As of August 19, the firm held 29.3 million HYPE tokens. Since December 2025, Hyperliquid Strategies spent $773.4 million to buy roughly 16.5 million HYPE tokens at an average of $46.77 apiece.
Meanwhile, on September 1, shares of PURR, Hyperliquid Strategies’ Nasdaq-listed company stock, ended at $11.36, decreasing by 7.3% over the session. This price remains below the $12.02 reference point related to the updated share issuance terms.
A new spike in on-chain activity further drove interest: Analyst Ted (@TedPillows) wrote on X that an unidentified whale investor accumulated $11.8 million in HYPE over a 24-hour window, sparking momentum in both trading volume and social media attention.
An anonymous investor accumulated $11.8 million worth of HYPE in just one day, highlighting ongoing accumulation and investor confidence in the token.
Broader plans and new partnershipsHyperliquid’s platform is also reported to be engaged in talks with Payward, the parent company of US-based crypto exchange Kraken. Discussions center on offering regulated perpetual futures products to United States traders—an area increasingly seen as a bridge between decentralized protocols and traditional markets.
Mini dictionary: Payward is the parent company of Kraken, one of the largest US-based cryptocurrency exchanges known for both spot and futures trading services.
No timeline has been publicized for the conclusion of these negotiations. Market participants are monitoring the outcome amid a climate of regulatory scrutiny and evolving product offerings in the US.
Leading cryptocurrencies corrected on Tuesday as investors weighed in on President Donald Trump’s latest warnings to Iran.
Crypto Market Cools DownBitcoin dived below $77,000, while Ethereum retreated beneath $2,400 amid a sharp correction across the cryptocurrency market.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 6.06% and 7.70%, respectively.
Long liquidations spiked, with over $250 million liquidated after the drop in spot prices, according to Coinglass data.
Bitcoin’s open interest fell 2.84% over the last 24 hours. Interestingly, smart money sentiment on Binance, which refers to the collective outlook and capital allocation of institutional investors, turned "extremely bullish."
"Greed" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.60 trillion, contracting by 1.86% over the last 24 hours.
Read Next
Stocks Pressured After US Strikes on IranStocks extended their losses on Tuesday. The Dow Jones Industrial Average plunged 419.02 points, or 0.79%, to end at 52,766.88. The S&P 500 declined 0.71% to close at 7,631.4, while the Nasdaq Composite shed 1.03% to settle at 26,099.77.
Trending
The U.S. military launched a fresh wave of strikes on Iranian targets near the Strait of Hormuz, in retaliation for what President Donald Trump said was a “failed attempt at adding sea mines” to the critical waterway.
Trump warned Iran of further consequences if it retaliates for this “justified attack” by the U.S.
Bitcoin Repeating 2023 Pattern?Ali Martinez, a widely followed cryptocurrency analyst and trader, said Bitcoin could be mirroring its 2023 bottoming pattern, with multiple tests of a descending channel’s upper trendline before a breakout.
“If history repeats, we could see a few more failed breakout attempts, followed by a pullback toward the mid-range near $70,000, before a decisive breakout,” the analyst remarked.
On-chain analytics firm CryptoQuant noted that Bitcoin’s underlying on-chain structure appears weaker than the price rally suggests, with holders consistently realizing profits.
Net Realized Profit and Loss indicator saw two major spikes last month, among the largest this year outside the January-February crash.
“Pressure hasn’t cleared, just shifted from acute to chronic,” CryptoQuant added. “Bottom line: price direction hinges on which breaks first — fading spot demand or persistent realized profit.”
Leading cryptocurrency analyst Ali Martinez retracted their earlier forecast on Tuesday that Dogecoin (CRYPTO: DOGE) would hit $15, citing changes in the coin’s technical structure.
Why the Thesis Got InvalidatedMartinez said on X that the thesis was built on a multi-year rising parallel channel that “accurately defined” DOGE’s price action since inception.
They noted that every touch of the channel’s lower boundary had marked a “generational buying opportunity,” delivering gains of 9,221% in 2017 and 30,694% in 2020.
‘Markets Evolve’When Dogecoin returned to that same support in February, Martinez believed that the technical structure indicated the possibility of another “historic bull run,” with $15 as the target.
“But markets evolve,” they added. “Dogecoin has now broken below the lower boundary of the channel, invalidating the setup and removing the technical foundation behind the $15 thesis.”
To put this in perspective, Dogecoin has never even reached $1. Hitting $15 from current levels would mean an upside of roughly 18,343%.
Martinez acknowledged an X user’s disappointment over the invalidated thesis, floating $1 as a possible remaining price target.
Read Next
Watch Out For These SignalsDOGE is down about 30% year-to-date, though it staged a sharp rebound in the second half of August along with the broader market.
Trending
Interest among derivatives traders has also intensified, with open interest in DOGE futures surging 16.50% in a month, according to Coinglass.
The Moving Average Convergence Divergence indicator, which compares the 12-period and the 26-period exponential moving averages, flashed a “Sell” signal for DOGE, according to TradingView.
The Bull Bear Power indicator, which measures the strength of buyers and sellers, remained “Neutral,” and so did the Relative Strength Index.
Price Action: At the time of writing, DOGE was exchanging hands at $0.08133, down 1.82% in the last 24 hours, according to data from Benzinga Pro.
Key Highlights August 2026 saw Dogecoin climb 21.4%, marking its strongest monthly showing this year Technical charts reveal a bullish inverted hammer pattern on the monthly timeframe Large holders accumulated 376 million DOGE tokens in 24 hours, valued at roughly $32 million Current trading price stands at $0.08274 with market capitalization reaching $12.88 billion Technical analysts eye $1 as a potential long-term objective pending trend confirmation August 2026 proved to be Dogecoin’s most successful month so far this year, with the popular meme cryptocurrency recording a 21.4% price appreciation based on CoinGecko tracking data. This upward movement coincided with improved market conditions across the broader cryptocurrency landscape and renewed investor risk appetite.
At present, DOGE changes hands at $0.08274, registering $557.8 million in 24-hour transaction volume against a total market valuation of $12.88 billion.
Dogecoin (DOGE) Price This August performance positions Dogecoin prominently among established large-capitalization meme cryptocurrencies. In contrast to recently launched meme tokens, DOGE benefits from an extensive trading track record and consistent exchange liquidity that has persisted through various market conditions.
Market analyst Trader Tardigrade identified an inverted hammer candlestick formation on DOGE’s monthly price chart. This technical pattern frequently emerges following extended periods of price weakness and may indicate an approaching trend reversal.
According to Trader Tardigrade’s assessment, DOGE had remained in a prolonged bearish position prior to this candlestick development. Despite growing interest in this formation, market watchers emphasize that declaring a definitive reversal remains premature.
$DOGE — Monthly Candle Update 🐕
❇️ The monthly candle has closed with a Bullish Inverted Hammer formation after an extended period of consolidation and weakness.
This pattern can signal a potential shift in long-term momentum—but confirmation is essential. DOGE now needs… pic.twitter.com/8CaRcaeJo8
— Trader Tardigrade 🧬 (@TATrader_Alan) September 1, 2026
Large Holder Accumulation Strengthens Outlook According to information from Dogegod, major cryptocurrency wallets purchased 376 million DOGE tokens during a single 24-hour period. These acquisition orders represented approximately $32 million in value, demonstrating ongoing engagement from institutional-scale investors.
THE $15 DOGECOIN THESIS
The $15 Dogecoin target was never based on speculation.
It was based on a rising parallel channel that had accurately defined Dogecoin's price action since inception.
Every touch of the channel's lower boundary had marked a generational buying… pic.twitter.com/xKakE7JD3Q
— Ali Charts (@alicharts) September 1, 2026
Persistent accumulation by large holders can tighten circulating supply and create upward demand pressure. Market experts caution, however, that whale activity by itself cannot guarantee a price breakout — sustained upward price action remains essential.
Upcoming monthly candlestick formations, trading volume metrics, and price momentum indicators will serve as critical elements in determining whether this potential reversal pattern materializes.
Dogecoin’s Position Among Meme Cryptocurrencies Today’s meme cryptocurrency sector features considerably more competing tokens than during earlier market cycles. While numerous newer projects demonstrate faster price volatility than DOGE, they frequently lack comparable trading volume and established market history.
This dynamic has produced a market bifurcation: established large-cap meme coins offering reliable liquidity versus newer high-risk alternatives. Dogecoin’s August results reinforce its standing within the former category.
Several market analysts have mentioned a $1 price objective, though achieving this milestone requires establishing a confirmed upward trajectory and successfully breaking through significant resistance zones.
The documented 21.4% August increase reflects CoinGecko market information compiled throughout August 2026.
The Cardano Foundation and Blockforce, a Brazilian technology firm specializing in blockchain-based solutions, have deployed a new supply chain verification system in Brazil. This initiative uses Cardano’s blockchain network as a public proof layer, with more than 500,000 commercial records already anchored using cryptographic evidence.
Double-ledger approach and privacy measuresThe solution employs a double-ledger architecture. Supply chain transactions are registered privately using Hyperledger Fabric, giving access only to approved companies and stakeholders. Each transaction is then converted into a cryptographic proof and stored on the Cardano blockchain as a public anchor point.
Regulators can review original supply chain documents from authorized parties and compare them with the corresponding cryptographic proof on Cardano. This process helps confirm that documents remain unaltered, strengthening the trustworthiness of supply chain data.
The Cardano Foundation stated that this method keeps sensitive business information confidential. Supplier identities, contract terms, and price details remain protected and are not recorded in the public domain, while third parties can still verify the integrity of data. However, public proofs do not guarantee the authenticity of underlying documents; they merely confirm that data has not been modified since anchoring.
Mini dictionary: Hyperledger Fabric, a permissioned blockchain framework that allows businesses to develop private, secure networks with restricted access as compared to public blockchains such as Cardano.
Fashion industry adoption and future outlookAzzas 2154, described by its partners as Latin America’s largest fashion group, was among the first to implement this technology in its leather supply chain. The company uses the platform to track financial documents and supplier data using information from public databases, aiming to audit the journey of leather products across its brands by 2030.
The Cardano Foundation and Blockforce revealed that contracts exist to anchor up to 6.5 million certificates by 2030. This number reflects planned commitments rather than current achievements. As of now, more than 500,000 records have been anchored using the system.
MetricCurrent StatusPlanned by 2030Records anchored500,000+6.5 millionIndustries targetedFashion (Azzas 2154)Automotive, agriculture, pharmaceuticals, cosmeticsBlockforce is preparing to extend the solution to other sectors, including automobile manufacturing, agriculture, pharmaceutical production, and cosmetics, reflecting ambitions for broader supply chain transparency.
Cost efficiency and adaptation to regulationTo control costs in scaling up, Blockforce and the Cardano Foundation are bundling multiple certificates together before anchoring them publicly. This batching strategy reportedly cuts the cost per record by approximately 92 percent, as opposed to creating individual blockchain transactions for each supply chain event. Blockforce’s uVerify system allows partners to adjust the batch size depending on operational needs.
Suppliers, prices, and confidential contracts never leave the private network, yet a cryptographic fingerprint for each transaction is securely anchored on Cardano for independent verification, ensuring data integrity without exposing sensitive company details.
European regulations, including the recently launched Ecodesign for Sustainable Products Regulation, are accelerating the adoption of Digital Product Passports for sectors like textiles and apparel. These passports are intended to include detailed environmental and sustainability information. While the Cardano-Blockforce platform could support document verification, the joint statement clarified that the system is not automatically compliant with any specific European mandates.
No public transaction identifiers or audit dashboards were shared during the announcement. Additionally, there has been no external evaluation of the platform’s cost or performance to date.
The notes track Strategy, Metaplanet, H100 and Capital B, plus Strategy’s STRC preferred stock, and trade against dollars, Tether and bitcoin.
The Bitfinex exchange. Original Image Credits: Alpha Photo / flickr.com
Posted September 1, 2026 at 9:22 pm EST.
Bitfinex Securities listed five tokenized bitcoin treasury company products on Tuesday, giving eligible investors exposure to Strategy, Metaplanet, H100 Group and Capital B through equity-backed notes.
The regulated trading platform said no regulated tokenized securities exchange had previously offered secondary trading in tokenized versions of securities issued by bitcoin treasury companies.
Four of the notes are backed by 100 shares each of the underlying company: CMSTR by Strategy’s Class A common stock, CMTPL by Metaplanet, CH100 by H100 Group and CALCPB by Capital B. The fifth, STRCst, is backed one for one by a share of Strategy’s Variable Rate Series A Perpetual Preferred Stock, which pays a 12% annual dividend in cash twice a month.
The notes are issued by ORO (II), a Luxembourg umbrella securitization fund managed by SICOS Securities, with each product issued out of its own ring-fenced compartment of the fund. STOKR is the technology provider. The underlying equity sits in custody at regulated financial institutions, and note holders do not own the shares.
STRCst holders do not receive that cash. Bitfinex Securities says Strategy pays the dividend to the issuer, which deducts a payout fee of up to 5% and uses the rest to buy more STRC, then distributes additional notes to holders in proportion to what they hold. The yield arrives as more tokens.
How They Trade The direct listings were approved by El Salvador’s Comisión Nacional de Activos Digitales, while ORO (II) is governed under Luxembourg’s 2004 securitization law. The notes are issued on the Liquid Network, a bitcoin sidechain, and trade against US dollars, Tether’s USDt and bitcoin in fractional units of up to four decimal places.
Secondary trading is open to eligible members of Bitfinex Securities, and wallets must be approved under the platform’s know-your-customer and anti-money-laundering rules before they can send or receive the tokens. US persons are excluded.
What Comes Next Bitfinex Securities said in the release announcing the listings that security tokenization “has so far been dominated by fixed-income, buy-and-hold products” and that bringing more equity products to market is “an important step in developing secondary-market liquidity for tokenised securities.”
The company said the listings take it to 12 tokenized investment products across 27 trading pairs, with total assets on the platform now above $500 million. Its pipeline includes a tokenized gold fund generating yield through a carry trade, bitcoin mining private credit notes and a tokenized US money market fund.
Related Listen: How Digital Credit Assets like STRC and SATA Differ from Bitcoin or DAT Stocks
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Two Thai businessmen sued Tether on Aug. 31 in the U.S. District Court for the Southern District of New York, challenging the issuer’s authority to freeze approximately 42.4 million USDT before authorities secured a seizure warrant.
Summary
Tether faces a New York lawsuit over 42.4 million USDT frozen after an HSI request. Plaintiffs allege no warrant or court order existed when Tether blacklisted their ten Ethereum addresses. A February seizure warrant directed Tether to burn USDT and reissue tokens into government custody. Prosecutors separately said over 61 million USDT was traced to wallets linked with investment fraud. Plaintiffs seek declaratory relief, an injunction, damages, reserve income disgorgement, and punitive damages from Tether. Nutthawat Rukthammachalern and Natthawat Kasamvilas allege in their complaint that Tether blacklisted ten Ethereum addresses containing precisely 42,417,785.62 USDT on Oct. 30, 2025. The allegations have not been adjudicated, and Tether had not filed a public response as of Sept. 2.
UPDATE – It appears that the $42.4M Tether freeze in this suit stems from a North Carolina pig-butchering case.
HSI Raleigh opened it from a victim tip: romance/investment fraud, fake trading platform, then layering through wallets so the stolen USDT would look clean.
On… https://t.co/W4bLfkIYRv
— Ariel Givner (@GivnerAriel) September 1, 2026 Tether allegedly acted before obtaining legal process The plaintiffs claim Tether acted after receiving an informal request from a Homeland Security Investigations agent. They contend no warrant, court order, subpoena or other formal legal process authorized the initial freeze.
Kasamvilas discovered the restriction after attempting a transaction, according to the filing. When he contacted Tether, the company allegedly referred him to an HSI agent’s email address without explaining its legal basis for blocking the funds.
The complaint says Tether used the addBlackList function within its Ethereum smart contract. This prevents tokens at designated addresses from moving. Another function, destroyBlackFunds, allows Tether to burn blacklisted USDT.
The plaintiffs say they acquired the tokens through secondary-market business transactions and had no direct customer relationship with Tether. They argue that possessing technical control over the smart contract does not automatically give Tether legal authority over tokens held by third parties.
A later warrant targeted tokens linked to alleged fraud On Feb. 19, 2026, a magistrate judge in the Eastern District of North Carolina issued seizure warrant 5:26-MJ-1267-JG. According to the New York complaint, the warrant described a process under which Tether would burn USDT at the identified addresses, mint an equivalent amount and transfer the replacement tokens to a government-controlled wallet.
Five days later, federal prosecutors announced the seizure of more than $61 million in USDT. Investigators alleged that the targeted wallets received proceeds from cryptocurrency investment scams commonly called pig-butchering schemes.
HSI reportedly opened the investigation after receiving a victim’s tip. Investigators traced funds through multiple wallets that authorities said were used to obscure the money’s source, ownership and connection to fake trading platforms.
The Justice Department thanked Tether for assisting with the asset transfer. Tether separately confirmed its involvement in the broader $61 million operation.
However, the new complaint says the plaintiffs’ specific 42.4 million USDT remained frozen when the case was filed. It seeks to prevent Tether from burning those tokens. The available records therefore do not establish that the disputed tokens had already been transferred to the government wallet.
Tether lawsuit tests stablecoin issuers’ freezing powers The plaintiffs do not merely challenge the government’s tracing allegations. Their case focuses on whether a private stablecoin issuer may restrict secondary-market tokens after an informal law-enforcement request and before receiving judicial authorization.
They also argue the February warrant could not retroactively validate Tether’s October action. The complaint further disputes whether a seizure warrant permits burning the named property and replacing it with newly minted tokens before a final forfeiture judgment.
The claims include conversion, trespass to chattels, unjust enrichment and requests for declaratory and injunctive relief. The businessmen want Tether ordered to remove the blacklist, pay damages if the tokens are destroyed and surrender income allegedly earned from reserves supporting the frozen USDT.
Tether’s law-enforcement powers operate at a considerable scale. As crypto.news previously reported, the company froze $514 million across 370 addresses during one 30-day period in 2026. Its 2025 blacklist covered 4,163 Ethereum and Tron addresses, according to BlockSec data cited in that report.
The next procedural step will be service of the complaint and Tether’s response. The court could also consider an early injunction request if the plaintiffs seek immediate protection against burning or reissuing the disputed tokens.
Separately, the plaintiffs told the New York court that they filed an application in North Carolina on July 31 seeking the return of the USDT. Neither proceeding has produced a judgment on ownership, forfeiture or Tether’s liability.
TLDR Thai nationals Nutthawat Rukthammachalern and Natthawat Kasamvilas initiated legal action against Tether in New York federal court on August 31, 2026, challenging a $42.4 million USDT freeze The stablecoin issuer reportedly blacklisted ten Ethereum wallets on October 30, 2025, following an informal communication from a Homeland Security Investigations official The freeze was executed without any warrant, judicial order, or formal legal documentation Authorities issued a seizure warrant in February 2026, several months after the initial freeze, directing Tether to destroy the frozen USDT and create new tokens for a government-controlled address The complainants are demanding monetary compensation, a court injunction, and return of profits Tether generated from reserve assets supporting the frozen stablecoins A legal challenge has been mounted against Tether by two Thai entrepreneurs in New York’s federal court system, alleging the digital currency company locked $42.4 million worth of USDT without proper legal backing.
Two Thai Businessmen Sue Tether for Allegedly Illegally Freezing $42.4M USDT at US Request and Transferring Funds to Government Wallet
According to attorney Ariel Givner, two Thai businessmen filed a lawsuit against Tether in the US District Court for the Southern District of… pic.twitter.com/aGzamJ7kHM
— Wu Blockchain (@WuBlockchain) September 2, 2026
The legal filing was submitted on August 31, 2026, to the U.S. District Court for the Southern District of New York. The case was brought forward by Nutthawat Rukthammachalern and Natthawat Kasamvilas.
The Freeze The lawsuit alleges that Tether placed ten Ethereum wallet addresses containing 42,417,785.62 USDT on a blacklist on October 30, 2025. The complainants assert this action followed an unofficial communication from an agent with Homeland Security Investigations.
No judicial warrant, court directive, or subpoena existed to authorize Tether’s action at the moment of the freeze. The complainants claim they were not given advance warning.
After one complainant contacted Tether via email seeking clarification about the locked assets, the company allegedly provided only an HSI agent’s email contact instead of offering legal justification.
The freeze was implemented using Tether’s Ethereum smart contract feature called addBlackList to restrict the addresses. Another feature, destroyBlackFunds, enables the company to eliminate blacklisted USDT permanently.
The complainants maintain they acquired the digital tokens through secondary market transactions and never established a direct business relationship with Tether. They contend that Tether’s technical control over the smart contract doesn’t constitute legal jurisdiction over tokens in third-party possession.
The Warrant and the Seizure Over three months following the initial freeze, a North Carolina magistrate judge issued a seizure warrant dated February 19, 2026. The warrant allegedly ordered Tether to eliminate the frozen USDT and generate equivalent tokens for a government-controlled digital wallet.
Federal prosecutors made a public announcement five days afterward regarding the seizure of over $61 million in USDT. Law enforcement officials stated the assets were connected to digital wallets associated with pig butchering fraud schemes.
The Department of Justice publicly acknowledged Tether‘s cooperation in facilitating the transfer. Tether released its own statement on February 25, 2026, acknowledging its participation in the enforcement action.
The complainants maintain the February warrant cannot provide retroactive legitimacy for the October freeze. They also question whether seizure warrants authorize token destruction prior to a final forfeiture determination.
At the time of filing their complaint, the plaintiffs assert their particular 42.4 million USDT remained in frozen status and had not been moved to the government’s wallet.
The legal action encompasses allegations of conversion, trespass to chattels, and unjust enrichment. The complainants claim Tether continued earning returns on reserve holdings corresponding to the frozen tokens throughout the entire duration.
They are requesting judicial intervention to compel Tether to lift the blacklist, prevent any scheduled token burn, compensate for damages, and surrender profits generated from the frozen assets.
Tether has not submitted a public legal response. No judicial authority has issued rulings on the freeze, the warrant’s validity, or the injunction petition.
The complainants additionally submitted a separate petition in North Carolina on July 31, requesting restoration of their digital assets. Neither legal proceeding has produced a determination regarding ownership or forfeiture.
Tether, the issuer of the USDT stablecoin, is being sued in New York for over $42.4 million in USDT after two Thai businessmen accused the government of freezing their wallets without a warrant or court order.
The case now raises a bigger question, can Tether legally block, burn, or reissue privately held USDT based on an informal government request?
According to attorney Ariel Givner, brothers Nutthawat Rukthammachalern and Natthawat Kasamvilas filed a lawsuit against Tether in the U.S. District Court for the Southern District of New York.
The brothers allege that Tether blacklisted 10 Ethereum addresses holding exactly 42,417,785.62 USDT on October 30, 2025, after receiving an informal request from
They claim there was no warrant, court order, subpoena, or prior notice when the freeze happened.
According to the complaint, Kasamvilas only found out the restriction after trying to move the funds. They was allegedly directed by Tether to an HSI email address when he asked about the freeze.
This case is linked to a North Carolina pig-butchering investigation that began after a victim reported an alleged romance-and-investment scam.
Court Warrant Came Months LaterA seizure warrant was issued on February 19, 2026, by a federal court in North Carolina.
The warrant told Tether to burn the frozen USDT and create the same amount in a government wallet. Five days later, authorities said they had seized more than $61 million in USDT linked to alleged pig-butchering scams. They also thanked Tether for helping with the transfer.
However, the brothers argue that the February warrant cannot make Tether’s October freeze legal after the fact. They also question whether the warrant gave Tether, as a private company, the legal power to burn and reissue the USDT.
What Are the Plaintiffs Asking From Tether?The plaintiffs are not asking the court to stop the government’s fraud investigation. Their complaint is mainly about how Tether handled their wallets and frozen USDT.
The brothers say they received the USDT through business transactions and were not direct customers of Tether. They say that while Tether can technically blacklist a wallet, but this does not automatically give the company the legal right to take or control tokens owned by someone else.
Meanwhile, the brothers are asking the court to stop Tether from burning the disputed USDT and to unblacklist their wallets. They are also seeking damages if the tokens are destroyed.
In addition, they want Tether to return income they claim the company earned from the reserves backing their frozen USDT.
What Happens Next in the Tether Lawsuit?The case is still at an early stage, and none of the brothers’ allegations have been proven in court.
The next major step will likely be Tether’s response to the complaint.
The court could also consider an injunction if the plaintiffs seek immediate protection against Tether burning or reissuing the disputed USDT.
Story Ends Here
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We are pleased to announce that the Ontology Mainnet has successfully resumed normal operation following the completion of the required security review and network upgrade procedures.
As part of this network upgrade, all Sync Nodes are required to upgrade to v3.1.5 as soon as possible to ensure network compatibility and smooth synchronization following the restoration of the Mainnet.
Action Required for Sync Nodes
All Sync Node operators are strongly advised to:
Upgrade their nodes to Ontology v3.1.5 ASAP; Follow the official upgrade instructions carefully; Ensure their nodes are fully synchronized with the Mainnet; Verify that their nodes are operating normally after the upgrade. Please refer to the official v3.1.5 release notes and upgrade instructions: https://github.com/ontio/ontology/releases/tag/v3.1.5
We strongly recommend that all Sync Node operators complete the upgrade as soon as possible to maintain compatibility with the restored network and ensure stable and uninterrupted synchronization.
Continued Security Monitoring
Although the Mainnet has now resumed, the Ontology team will continue to closely monitor network security, stability, and performance.
Our security review and monitoring efforts will also continue in coordination with relevant technical and security partners to ensure the long-term security and reliability of the Ontology network.
Thank you to all validators, node operators, ecosystem partners, and community members for your patience and cooperation throughout the emergency pause and upgrade process.
If you have any questions, please contact us or our community admins through the official channels.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Earn presents to you new offers that are newly added to Yield Arena this week. Stay tuned for more campaigns in Yield Arena to earn rewards from Simple Earn, ETH Staking, SOL Staking, Dual Investment, and more. Earn Spotlight Limited-Time Offers USDe:Eligible users who hold at least 0.01 USDe for 24 hours can enjoy 4.75% APR rewards from 2026-08-27 00:00 (UTC) to 2026-09-03 23:59 (UTC). Simple Earn:From 2026-09-01 00:00 (UTC) to 2026-09-20 23:59 (UTC), users who confirm participation in the Simple Earn Leaderboard and subscribe to ETH Flexible Products and PLUME Flexible or Locked Products are able to share $200K worth of BNB Rewards. From 2026-09-02 00:00:00 (UTC) to 2026-09-30 23:59:59 (UTC), users who subscribe to USDC Flexible Products may enjoy up to 7% APR, including exclusive Bonus Tiered APR. 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Please Note: Flexible and Locked ProductsBinance reserves the right to adjust APRs at any time without prior notice.Offers are available on a first-come, first-served basis. Once subscribed, users can view their assets by going to Assets > Earn.Users may choose to redeem their assets in advance in Simple Earn Locked Products. After choosing early redemption, the principal will be returned to their Spot Accounts, and the distributed interest will be deducted from the refunded principal. Due to differing global time zones, it may take up to 72 hours to receive the tokens. However, in the case of exceptional circumstances the return of such assets may be delayed further. Please see our terms and risk warning for more details.Users will automatically receive rewards from ongoing Launchpools when they hold BNB Flexible Products and/or BNB Locked Products positions. Refer to this announcement for more information.Users may also accrue scores and qualify for Megadrop rewards with active BNB Locked Products positions. For more details, please refer to the FAQ. On top of that, users who subscribe to BNB Simple Earn products (Flexible and/or Locked) with their BNB holdings can receive airdropped tokens via HODLer Airdrops. ********** About Simple Earn Simple Earn products are principal-protected in token amounts, providing users with a secure way to earn rewards through either flexible or locked terms and allowing them to earn benefits without compromising their initial investment. Learn more here. About Dual Investment Dual Investment is a high-yield structured product that allows users to buy or sell cryptocurrency at their desired price and date in the future while earning rewards no matter which direction the market goes. Learn more here. About BTC Yield BTC Yield is a BTC-denominated yield product. 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The total number of tokenized stock holders surged in August, with Token Terminal reporting an addition of 928,400 new holders throughout the month. This figure represented a 120% increase from July, which had about 771,000 holders. More holders were added in August than in all previous months combined, setting a new record for the sector.
Strongest growth seen to dateAugust accounted for approximately 55% of all growth in tokenized stock holders since Token Terminal started tracking the metric. The increase in holders during August was 3.4 times larger than the previous monthly record set in July, when about 272,000 new holders joined.
While the 120% growth is significant, previous months have seen higher percentage gains, including July’s 261% jump from a much smaller base of 20,300 to 73,300 holders. By comparison, August’s increase came off a much larger base, with nearly a million wallets involved.
BNB Chain and Robinhood Chain dominate networksBNB Chain led tokenized stock networks with 730,000 holders in August, followed by Robinhood Chain with 518,800. In total, chains outside the leading two accounted for 462,700 holders, including 335,000 on Solana, 61,000 on Base, and 56,600 on Ethereum. Other networks such as Arbitrum One, Ink, OP Mainnet, and Polygon combined for smaller, but still notable, numbers.
NetworkAugust HoldersBNB Chain730,000Robinhood Chain518,800Solana335,000Base61,000Ethereum56,600In terms of issuers, Robinhood ended the month as the leader. Binance’s bStocks also posted notable results, growing its holder base from 52,900 in July to 464,700 in August and moving into the number two spot, surpassing xStocks.
Mini dictionary: Token Terminal is a crypto analytics platform that tracks on-chain data related to various digital assets and decentralized financial products, providing insights into metrics such as asset holders and trading volumes.
Two main factors contributed to the rapid growth in August. Binance removed maker fees across all bStocks trading pairs for the month and expanded its listing activity. Robinhood Crypto stated on August 13 that it launched 100 additional stock tokens on the Robinhood Chain, increasing the overall number to more than 190. This rollout came during the first full month after the chain’s mainnet launch, which saw engagement from Robinhood’s 28 million brokerage accounts.
Robinhood Crypto highlighted that with over 100 new stock tokens now live, users gained broader access to tokenized equities within the chain’s ecosystem, backed by millions of brokerage customers.
Wallet numbers vs. true user baseIndustry analysts pointed out that the reported numbers count wallets, not unique individuals. Fee promotions and frequent new token listings often drive users to create multiple wallets, leading to inflated figures in the headline statistics.
Analysis of asset-level data revealed a concentration among the most popular tokens. SPCXb topped the list for August at 165,800 holders, with NVDAx and QQQb reaching 66,500 and 65,400 holders, respectively. Outside the top ten, remaining tokens collectively made up an “Other” category of 1.1 million holders, indicating that most wallet growth centers around a few assets.
September outlook and sustainabilityOn August 28, Binance extended its zero maker fee campaign through September 30 and enabled Spot Grid, DCA, and Rebalancing bots for roughly 70 bStocks pairs. These features introduced additional incentives and distribution channels for tokenized stocks.
Analysts believe October will provide a clearer picture of user retention, as the sustainability of August’s growth remains uncertain once fee promotions expire and normal trading fees resume.
The real challenge will come after incentives end, when activity data will better reflect genuine user demand rather than campaign-driven participation.
Key Takeaways The cybersecurity giant delivered Q4 adjusted earnings of $1.02 per share, surpassing analyst expectations of $0.98. Quarterly revenue totaled $3.41 billion, representing a 34% year-over-year increase and exceeding the $3.35 billion forecast. Shares climbed approximately 5% in extended trading following a 5.2% decline in the regular session. First-quarter fiscal 2027 projections exceeded analyst estimates by nearly $100 million, while annual guidance surpassed consensus by $300 million. Bernstein maintained its Outperform recommendation with a $253 price objective after reviewing the quarterly report. On Tuesday evening, Palo Alto Networks unveiled fourth-quarter financial results that exceeded analyst projections across key metrics, demonstrating the company’s continued momentum in the cybersecurity sector.
— Wall St Engine (@wallstengine) September 1, 2026
The company’s adjusted profit per share registered at $1.02, marking an improvement from $0.95 in the same period last year and beating the Street’s consensus of $0.98. Total revenue hit $3.41 billion, reflecting a robust 34% year-over-year expansion and surpassing the anticipated $3.35 billion figure.
Following the announcement, shares rallied approximately 5% in after-hours activity, reversing the 5.2% decline experienced during normal trading.
Palo Alto Networks, Inc., PANW
Both remaining performance obligations and software-based annual recurring revenue exceeded Street forecasts, representing critical performance indicators that market participants monitor carefully.
This quarterly outperformance represents the company’s second straight period exceeding its own revenue projections at the midpoint, with this quarter’s beat coming in at $60 million.
Broad-Based Strength in Product Portfolio The company’s software-based firewall solutions experienced 29% ARR growth on a year-over-year basis. Prisma AIRS achieved approximately $120 million in annual recurring revenue, while XSIAM contributed an incremental $100 million ARR sequentially, bringing its total to $700 million. Additionally, the firm recorded $450 million in competitive wins within the SASE category.
On an organic basis, next-generation security ARR growth accelerated by roughly 1 percentage point compared to the previous quarter when acquisition impacts are excluded.
The top-line expansion benefited from the $21 billion CyberArk transaction completed in February alongside the Chronosphere deal finalized in January, although specific revenue contributions from these acquisitions weren’t disclosed in this reporting period.
Palo Alto further announced its purchase of Console, an AI-first operations and IT infrastructure platform, positioning the company strategically in the emerging AI agents market.
Forward-Looking Projections Exceed Expectations Preliminary projections for the first quarter of fiscal 2027 came in nearly $100 million above Wall Street’s collective forecast. The company’s full-year fiscal 2027 outlook exceeded consensus projections by $300 million.
During the earnings conference call, CEO Nikesh Arora emphasized the company’s strategic positioning within AI-driven security. “Validating, interpreting context and resolving these issues requires broad cybersecurity platforms, working alongside frontier AI,” Arora said.
He added that this “synergy is essential to stress test environments, manage agentic actions, and trigger machine speed remediation during an active threat.”
Earlier in the year, shares faced significant headwinds, declining 38% from the October peak through February amid concerns that artificial intelligence could erode demand for traditional enterprise software solutions.
Market sentiment has shifted dramatically since then. As AI technology enables threat actors to execute cyberattacks at unprecedented scale, enterprise security software demand has accelerated. A notable illustration: OpenAI agents operating in a controlled testing environment successfully compromised both OpenAI’s own infrastructure and Hugging Face’s systems during the May through July timeframe.
From its February trough, the stock has soared 159% and has posted a 96% gain year-to-date, currently trading near its 52-week peak of $399.
Following the quarterly results, Bernstein reaffirmed its Outperform stance and maintained a $253 price target. Based on Tuesday’s closing price, shares were valued at 87 times the midpoint of the company’s updated earnings guidance for the upcoming fiscal year.
The digital assets market is seeing an emerging strategy linked to stocks: token buybacks. Since January, crypto groups have dedicated nearly $640 million to their own assets, according to Allium Labs data. Hyperliquid and pump.fun account for nearly 90% of the recorded amounts. For the projects involved, these operations aim to reduce the available supply and strengthen the connection between activity, revenue, and token value.
In brief Crypto groups have spent $638 million on buybacks of their own tokens since January. Hyperliquid and pump.fun account for nearly 90% of buybacks recorded by Allium Labs. Hyperliquid dedicates 99% of its fee revenues to buyback of its HYPE token. Several projects, including Sky Protocol and Lido, use buybacks to better link revenue and token value. Examples from Jupiter, Chainlink and Helium show buybacks do not guarantee price increases. Crypto: Buybacks Scale Up Companies specialized in cryptocurrencies have spent $638 million on buybacks since the beginning of the year. According to a Financial Times report, this amount already exceeds the $545 million recorded over the same period last year. The gap is even more striking compared to 2024, when buybacks amounted to only $366,000 for the whole year. Allium Labs thus confirms the rapid growth of a still recent practice.
This development occurs in a challenging crypto environment. Some investors turn to shares related to artificial intelligence, which show strong gains. Meanwhile, bitcoin remains about 38% below its peak, while XRP and Solana have dropped about 60%. Prices recently rebounded after a surprise intervention by the US Treasury in the bond market.
According to Elton Shehdula, head of research at Allium Labs, buybacks present a visible interest for projects. They can notably serve to show that teams remain confident in their own token. Once the assets are bought back, groups can also reduce the available market supply. This mechanism aims to support the price, although its effect remains difficult to measure.
Hyperliquid and pump.fun Dominate Operations In crypto, Hyperliquid is at the forefront of this new dynamic. The perpetual contracts exchange platform dedicates 99% of its transaction fee revenue to buying back its HYPE token. Since its launch in December 2024, it has bought back and canceled $1.3 billion worth of contracts. This policy clearly distinguishes Hyperliquid from projects that allocate only a fraction of their revenue to this strategy.
Hyperliquid dominates token buybacks, with nearly $370 million spent over the year, ahead of Pump.fun and other protocols. Source: Financial Times. The HYPE token has increased by 70% over the past year, while the overall sector experienced a decline. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, considers aggressive buybacks the main reason for this rise. According to him, investors can thus more directly link the growth of a blockchain’s activity to the value of its token. This relationship is becoming central in analyzing the economic models offered by some projects.
HYPE reaches a new high, surpassing $80 after a clear acceleration of its price during summer 2026. Source: Financial Times Pump.fun is also among the groups mobilizing significant amounts for their own tokens. Together with Hyperliquid, the platform accounts for nearly 90% of the buybacks recorded by Allium Labs. This concentration shows that the overall increase mainly depends on a few projects capable of financing regular purchases. Other players have more limited means or still adopt different strategies to manage their asset values.
A Crypto Model Inspired by Stock Markets Token buybacks follow a logic known from stock markets. In the US and UK, publicly listed companies have used stock buybacks for decades to support their shares and increase returns for existing shareholders. In the digital assets world, the logic remains different. Tokens generally do not grant economic rights or voting rights comparable to those attached to stocks.
This difference partly explains why buyback operations have long remained rare. Under former SEC chair Gary Gensler, many leaders avoided initiatives that could bring cryptocurrencies closer to securities status. They then feared increased exposure to US regulator lawsuits. The context changed under the Trump administration, with a more favorable approach by US authorities towards digital assets.
This change gave more room to leaders wishing to launch buyback programs. The strategy also emphasizes revenue rather than just visibility. This development accompanies an increased search for concrete economic benefits. Tokens can thus start to operate, in some cases, according to a logic closer to that of traditional securities.
Sky Protocol and Lido Test Other Approaches Sky Protocol has dedicated $26 million to buying back its tokens, according to Allium Labs. Its co-founder Rune Christensen indicates that the protocol generated over $400 million in revenue during the past year. According to him, this buyback must align the interests of holders participating in decisions with the protocol’s long-term success. SKY holders have voting rights on the blockchain.
The SKY token has increased by 5% over one year. Lido, for its part, announced in August its intention to implement regular buybacks when several conditions are met. One of these is an annualized revenue of $40 million. The announcement seeks to link protocol revenue to token value, while Lido has lost 71% over one year.
Other crypto projects, however, show less favorable results. Jupiter has dedicated nearly $14 million to buying back its tokens since January, while its price dropped 55% over one year. Chainlink has also performed buybacks, but its LINK token lost half its value over the same period. These examples show that buybacks do not guarantee a lasting price increase.
Buybacks Still Far from Decisive Helium gave a different answer by ending its buyback program in February. Its co-founder Amir Haleem then estimated that the market did not pay enough attention to these operations to justify their cost. This decision highlights a limitation: reducing supply is not enough to create sustainable demand. Without additional buyers, pressure on the price can thus remain limited.
Elton Shehdula is also skeptical about buybacks’ ability to provoke significant price increases. He points out that a project buying back its own assets does not automatically become solid. Amir Hajian, a researcher at Keyrock, observes that investors now increasingly assess the potential economic benefits of tokens. The market thus depends less on the enthusiasm that made many assets rise simultaneously.
Some crypto projects therefore seek to directly distribute part of the created value. THORSwap token holders linked to THORChain can receive 55% of the revenue when they lock their assets to secure and validate transactions. Another share, equivalent to 20%, finances token buybacks. Despite this combination, the token’s price has halved over one year, confirming that supply reduction alone is not a sufficient mechanism.
The $640 million committed since January nonetheless shows that buybacks hold an important place in the digital asset economy. This strategy brings some projects closer to mechanisms used by publicly traded companies, while retaining differences linked to rights attached to tokens. Future results will show whether revenues, buybacks, and demand can evolve together. Crypto might continue to test this model, but its effectiveness will depend on demand and the fundamentals of each project.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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.
Chainlink (LINK) is showing renewed momentum as market participants anticipate an impending move out of its consolidation phase. Buyers have defended the $11 to $12 range, strengthening the technical setup for a potential breakout while Chainlink’s core technology gains traction in official US government applications.
LINK price consolidates near key supportLINK is currently trading at $11.39, with a 24-hour volume of $348.61 million and a market capitalization of $8.52 billion. Despite a relatively stable price over the last day, technical indicators and recent network activity suggest the asset could be preparing for a bullish reversal.
According to analysis from Crypto With Gopal, LINK is forming a bullish pennant pattern after a strong upward price movement. The token’s price has consolidated between important levels, hovering near $11 and $12 as sellers lose momentum and buyers defend support.
The tightening formation has market watchers bracing for a decisive move. Should buyers push LINK above the $12 resistance, technical models indicate the price could rally toward the $15 mark, an area with significant historical resistance.
Market observers note that a confirmed breakout above $12 would validate the current bullish pattern in LINK and could attract further buying interest, potentially leading to a rally toward higher resistance zones.
On the other hand, a failure to overcome resistance at $12 might result in the price remaining range-bound, with further sideways consolidation expected until clearer momentum develops.
Chainlink’s role in delivering US economic data onchainIn parallel to its price activity, Chainlink has expanded its institutional footprint through a partnership with the US Department of Commerce. Chainlink provides decentralized oracle technology, enabling smart contracts and decentralized applications (dApps) to securely interact with off-chain data.
The latest collaboration covers key government macroeconomic metrics, including real GDP, the Personal Consumption Expenditures (PCE) Price Index, and real final sales to private domestic purchasers. This integration is expected to bridge traditional finance and decentralized ecosystems, providing accurate government-issued data for decentralized financial applications.
Mini dictionary: Chainlink oracle system, a decentralized middleware that connects smart contracts with external data sources, enabling blockchain applications to access real-world information securely and reliably.
By facilitating secure access to these macroeconomic indicators, Chainlink enables developers to embed real-world economic data into financial instruments, smart contracts, and dApps. This development is widely regarded as a sign of increasing institutional adoption of blockchain technology.
Market outlook and adoption prospectsTraders are closely watching the pennant resistance for a potential breakout, as strong buying could enhance Chainlink’s bullish case and drive renewed price momentum. Conversely, a lack of upward movement may prolong the current consolidation period for LINK.
Chainlink’s growing utility in providing onchain access to official US economic data is expected to support adoption throughout decentralized finance (DeFi) markets, financial applications, and automated smart contracts.
Chainlink’s expanding role in the blockchain ecosystem reflects a broader push to connect decentralized platforms with authoritative off-chain data sources, especially as institutional players enter the space.
Key Highlights The US Commerce Department has deployed Chainlink oracle technology to distribute official economic statistics across public blockchain networks. The initiative includes six distinct data feeds tracking GDP, inflation metrics, and private sales figures across 10 different blockchain platforms such as Ethereum, Base, and Arbitrum. Data refreshes occur on a monthly or quarterly basis, synchronized with official Bureau of Economic Analysis publication timelines. Market observer @TheEliteCrypto highlights LINK’s current market capitalization near $8.5B, identifying $10B as a critical resistance threshold. Standard Chartered Bank forecasts LINK could reach $200 by 2030’s conclusion, driven by tokenized asset expansion. In a groundbreaking move, the US Department of Commerce has integrated Chainlink’s oracle infrastructure to transmit verified economic statistics onto public blockchain networks. The Bureau of Economic Analysis serves as the source for three critical metrics: real GDP figures, the PCE Price Index, and Real Final Sales to Private Domestic Purchasers.
The U.S. Department of Commerce is leveraging Chainlink to bring key government macroeconomic data onchain:
• Real GDP
• PCE Price Index
• Real Final Sales to Private Domestic Purchasers
Two separate feeds exist for each economic metric. The first reports absolute current values, while the second displays quarter-over-quarter percentage changes calculated on an annualized basis. This configuration produces a total of six distinct data streams.
These feeds operate simultaneously across 10 blockchain ecosystems: Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic, and ZKsync. According to Chainlink representatives, additional networks may join the program if market demand warrants expansion.
Chainlink (LINK) Price Data refreshes align precisely with the BEA’s official release calendar, occurring either monthly or quarterly based on the specific economic indicator. Blockchain participants gain access to identical information distributed through conventional government channels, reformatted for smart contract compatibility.
The real GDP metric measures inflation-adjusted national economic production expressed in billions of chained 2017 dollars. Meanwhile, the PCE Price Index represents the Federal Reserve’s primary inflation benchmark, heavily scrutinized by participants across equity, fixed income, foreign exchange, and cryptocurrency markets.
Real Final Sales to Private Domestic Purchasers excludes government expenditures, international trade balances, and inventory fluctuations. This metric provides concentrated insight into consumer behavior and private sector investment patterns.
Understanding Chainlink’s Oracle Infrastructure Blockchain-based smart contracts lack native capability to retrieve external information independently. Chainlink fills this technological gap, transforming government economic releases into blockchain-compatible formats that decentralized applications can process through automated protocols.
Potential implementation scenarios encompass inflation-indexed financial instruments, decentralized prediction platforms, perpetual derivatives contracts, and lending systems that dynamically recalibrate risk parameters following economic releases. Chainlink identified these as theoretical applications rather than confirmed integrations connected to this government collaboration.
Commerce Secretary Howard Lutnick stated: “We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.”
Chainlink’s data distribution framework maintains ISO 27001 and SOC 2 Type 1 security certifications. This collaboration extends an August 2025 initiative where the Commerce Department similarly partnered with Pyth Network to broadcast BEA statistics across blockchains including Bitcoin and Solana.
Market Analysis and LINK Price Projections Cryptocurrency market analyst @TheEliteCrypto observed that LINK’s market capitalization currently hovers near $8.5B, representing substantial growth from the $3B–$6B range observed during previous market corrections. The analyst identified $6B as a crucial support floor and designated $10B as the next significant resistance barrier.
$LINK 's market cap chart is starting to look interesting here.
The previous cycle pushed LINK to roughly $20B+ market cap.
After the long drawdown, it spent a significant amount of time consolidating in the $3B – $6B range.
Now we're sitting around $8.5B and starting to… pic.twitter.com/jJNTOjKo7B
— Elite Crypto (@TheEliteCrypto) September 1, 2026
Standard Chartered Bank established a $200 valuation target for LINK reaching through 2030, with analyst Geoff Kendrick attributing this outlook to anticipated expansion in tokenized asset markets and decentralized finance protocols. The financial institution forecasts blockchain-based assets could attain $4 trillion in total value by 2028’s conclusion.
Chainlink recently expanded its services by launching price feeds for Coinbase-issued tokenized equities on Base network, encompassing NVDAc, AAPLc, METAc, and GOOGLc, facilitating collateralized lending protocols within DeFi ecosystems.
The US Department of Commerce has announced the integration of Chainlink, a leading provider of blockchain oracle solutions, to transmit official economic data to public blockchain networks. This program enables transparent and immutable dissemination of key economic statistics, as released by the Bureau of Economic Analysis (BEA), across 10 different blockchain platforms.
Official data streams on public blockchainsThe initiative currently broadcasts three core economic metrics: real gross domestic product (GDP), the PCE Price Index, and Real Final Sales to Private Domestic Purchasers. Each indicator is distributed through two separate data streams—one showing the latest official value and another reflecting annualized quarter-over-quarter percentage changes. In total, six unique data feeds are available.
These statistics are updated in line with the BEA’s official release schedule, with some refreshed monthly and others quarterly. All information matches what is released via traditional government platforms but is formatted specifically for smart contract applications and decentralized platforms.
The data streams operate simultaneously across 10 blockchain ecosystems, including Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic, and ZKsync. Representatives from Chainlink indicated that network support could expand in response to future demand.
The real GDP feed reports inflation-adjusted US economic output in chained 2017 dollars. The PCE Price Index, closely watched by financial markets as the Federal Reserve’s top inflation gauge, tracks price growth across the economy. Real Final Sales to Private Domestic Purchasers offers insight into consumption and private investment, excluding government, trade, and inventory swings.
Commerce Secretary Howard Lutnick emphasized accessibility, stating that making America’s economic data globally verifiable and immutable secures the nation’s position as a leader in blockchain technology.
Data integrity is maintained through strict compliance with international information security standards, including ISO 27001 and SOC 2 Type 1. This program extends a previous effort in which the Commerce Department worked with Pyth Network to make BEA economic data available on blockchains such as Bitcoin and Solana.
How Chainlink connects government data to smart contractsChainlink, a decentralized oracle network, bridges the gap between external real-world data and blockchain smart contracts. By converting BEA statistics into blockchain-compatible formats, Chainlink enables decentralized applications (dApps) to utilize official economic indicators for automated protocols and financial contracts.
Potential applications for these on-chain data feeds include inflation-indexed digital instruments, derivative protocols, and lending platforms that can automatically adjust risk provisions based on the latest macroeconomic figures. However, Chainlink has described these as hypothetical use cases rather than confirmed commercial deployments within this specific collaboration.
Mini dictionary: Chainlink, established in 2017, is a decentralized oracle network that allows smart contracts to securely interact with real-world data, APIs, and traditional payment systems without compromising security or reliability.
LINK performance and market outlookCryptocurrency analyst @TheEliteCrypto reported that LINK’s market capitalization has climbed to $8.5 billion, reflecting a significant recovery from previous levels between $3 billion and $6 billion. The analyst identified strong support at the $6 billion mark and a key resistance target at $10 billion. In earlier market cycles, LINK’s capitalization exceeded $20 billion at its peak.
MetricPrevious RangeCurrent ValueMajor ResistanceAll-time HighLINK Market Cap$3B – $6B$8.5B$10B$20B+Standard Chartered Bank pegged a $200 price target for LINK by 2030, driven by the expanding market for tokenized assets and growing decentralized finance infrastructure. Analyst Geoff Kendrick projected that blockchain-based assets could collectively reach $4 trillion in value by the end of 2028.
Chainlink recently expanded its oracle services with new data feeds for Coinbase-issued tokenized equities on the Base network, including digital representations of companies such as NVDAc, AAPLc, METAc, and GOOGLc. These feeds support the development of collateralized lending protocols and bring traditional assets into blockchain-based financial systems.
At three in the morning, an AI system can evaluate a trade flow, verify a contract and trigger a cross-border payout in seconds. The payment may still sit in a correspondent bank queue for days. Corporate software now operates at machine speed, while the financial infrastructure beneath it still keeps banking hours.
That timing gap is the structural challenge. The financial architecture underneath these autonomous workflows has failed to experience a corresponding modernization.
Sophisticated, automated software layers now sit on top of traditional banking rails that remain bound by manual processes, legacy clearing schedules, regional banking hours and standard multi-day settlement timelines. This systemic divergence creates an immediate operational mismatch.
An enterprise cannot maximize continuous, automated commerce when its settlement infrastructure relies on decades-old technology designs.
To understand why traditional clearing mechanisms introduce severe latency, it is necessary to examine the specific structural plumbing of international trade finance. Legacy institutional settlement networks do not transfer value natively; instead, they pass transactional instructions across sequential databases.
When a global payment moves across traditional banking channels, the underlying instruction must migrate through a fragmented array of payment gateways, domestic clearing houses, central banking networks, and multiple intermediary correspondent institutions.
Each individual leg of this journey introduces an additional layer of ledger reconciliation, manual compliance verification, localized operational hours, and distinct fee structures.
For instance, an international payment initiated late on a Friday afternoon from a financial hub in Singapore may not achieve final settlement at its destination bank in São Paulo until the following Wednesday.
The software system determines the optimal allocation of capital and fires the transaction instruction in milliseconds, yet the financial infrastructure requires five business days to clear the funds.
This prolonged processing latency introduces counterparty risk and ties up critical corporate liquidity. For international trading firms, working capital remains locked in transit and unavailable for deployment.
The resulting operational friction forces human intervention back into workflows designed for automation, creating a structural drag on global capital velocity.
Designing the Integrated Operational Architecture
Solving this infrastructure deficit requires moving away from fragmented vendor arrangements. When institutions attempt to stitch together separate partners for execution, asset storage, and fiat connectivity, they merely replicate the inefficiency of the legacy banking system.
Software agents requiring instant settlement cannot be delayed by internal transfers between an isolated over-the-counter desk, a third-party custodian, and an external payment gateway. True efficiency demands one platform where money moves.
SCRYPT follows this integrated model, combining execution, segregated custody and multi-currency settlement on one platform. Keeping the transaction lifecycle in one place reduces internal hand-offs and can limit reconciliation delays and vendor counterparty exposure.
Recent findings from the Bank for International Settlements highlight that stablecoins do not operate as uniform instruments across networks. The same stablecoin issued on two blockchains exists on separate ledgers; bridging capital between them introduces costs, settlement delays and operational exposure.
When trading, custody and payment rails span providers and chains, reconciliation failures and counterparty exposure compound. Overcoming this fragmentation requires an integrated framework capable of handling cross-chain settlement as one connected system.
Figure 1. Stablecoin fragmentation across blockchains. Source: BIS Annual Economic Report 2026, Graph 3 (published June 23, 2026; data through 2025).
The Technical Bottleneck: Protocol Performance vs. Settlement Plumbing
As institutional developers seek to resolve this settlement bottleneck, the nature of digital asset networks is undergoing a fundamental shift. With the deployment of high-performance blockchain protocols capable of processing massive transaction volumes, technical transaction throughput is no longer the primary constraint for institutional adoption. The core operational bottleneck has migrated entirely from protocol engineering down to the underlying custody and settlement plumbing.
True institutional integration relies on agnostic infrastructure. This requires the implementation of management platforms that allow corporate treasuries to clear and settle value across stablecoin rails seamlessly, without requiring institutions to alter their day-to-day corporate financial workflows or interface directly with the complex technical elements of public ledgers.
The enterprise at the end of the chain should experience settlement that completes in real time, without changing how it already works.
Structural Exhaustion and Emerging Market Infrastructure
This operational reality is already dictating corporate behavior within emerging markets, where the adoption narrative has completely moved past speculative retail trading. In economic regions characterized by persistent foreign exchange shortages, systemic currency devaluation, and fragmented local banking systems, enterprise treasury teams are turning to digital settlement rails out of absolute necessity.
In liquidity corridors across Sub-Saharan Africa and Latin America, businesses encounter friction when accessing international clearing currencies through correspondent banks. Local currency conversion adds costs, delays supplier payments and exposes companies to volatility during multi-day clearing cycles. Some enterprises are using reserve-backed stablecoins to execute faster cross-border settlements.
Cross-border settlement across East Africa, without the dollar detour:
Local currency in (KES, TZS, RWF or UGX), through a local partner.
One licensed transaction.
Stablecoin out.
Ready to settle.
No queuing for scarce bank dollars. No stacked FX spreads. Corridors are live… pic.twitter.com/SxubsHIHQZ
— SCRYPT (@Scrypt_Swiss) July 28, 2026
This paradigm shift represents a clear structural exhaustion with legacy infrastructure that fails to satisfy modern commercial requirements. Emerging market businesses use real-time T+0 settlement to rotate working capital efficiently, manage foreign exchange risk, and protect tight operating margins. In these environments, stablecoins are no longer viewed as alternative financial assets; they are functioning as essential infrastructure for daily commercial survival.
SCRYPT applies this model through multi-currency settlement infrastructure that connects local market exposure with reserve-backed stablecoins and major fiat currencies. For businesses in volatile economies, such platforms can support real-time pricing and faster international B2B payments while reducing reliance on correspondent banking.
Jurisdiction as Architecture
The expansion of digital settlement infrastructure has created another operational challenge: navigating a fragmented regulatory landscape. With major economies enforcing distinct frameworks, compliance has become an exercise in structural architecture.
A stablecoin authorised under one jurisdiction’s regime may require separate authorisation under another’s before it can be used the same way. Cross-border tax reporting initiatives such as the European Union’s DAC8 framework and the OECD’s Crypto-Asset Reporting Framework (CARF) are also turning compliance into an infrastructure problem. Audit controls, automatic reporting and verification mechanisms must sit within the settlement plumbing. Jurisdictional choices lock in banking relationships, asset segregation standards and supervisory obligations that are costly to alter later.
This environment puts a premium on jurisdictions with mature, substantive financial oversight and long experience of supervising digital assets. Switzerland is one of them. Its principles-based approach accommodates new transactional structures while holding institutional-grade compliance standards, which is part of why it has become a base for firms building settlement infrastructure.
Because a principles-based model focuses on substantive risk management, it travels well. Infrastructure anchored to a FINMA portfolio manager licence alongside VQF supervisory membership can work with counterparties across regions, provided each market’s framework is addressed separately. That is deliberate, institutional-grade architecture.
Building for the Permanent Design Constraints of Global Commerce
The friction between regional regulatory frameworks and fragmented legacy clearing chains is a permanent condition of the global economy. Institutions and enterprises must treat it as a design constraint and build their infrastructure accordingly.
The broader market trajectory reinforces this structural migration. Stablecoins have evolved from niche digital assets into an increasingly important layer of global financial infrastructure, with growing adoption across enterprise treasury, cross-border payments, and institutional settlement. This trajectory indicates that the migration of enterprise treasury operations onto digital asset rails represents a lasting shift in global finance rather than a temporary market cycle.
Figure 2. Stablecoin market capitalization remains concentrated in USDT and USDC. Source: BIS Annual Economic Report 2026, Graph 2 (market data as of May 29, 2026).
To scale securely within this framework, global institutions must replace vendor fragmentation with an integrated platform design. Utilizing multiple disparate counterparties for trading, custody, and stablecoin execution introduces unacceptable operational risk and reconciliation overhead. Enterprises require a single point of access, where trading, custody and settlement sit on one platform rather than across three vendors reconciled after the fact.
Execution quality determines whether institutional digital asset infrastructure can support global enterprise operations. Anchoring a technology stack within Switzerland’s regulatory environment enables providers like SCRYPT to combine deep liquidity, segregated multi-party computation (MPC) custody and instant automated clearing. This lets enterprises deploy capital without carrying the operational burden of fragmented infrastructure.
Software automation can complete financial and operational analysis at machine speed. The infrastructure used to settle those outcomes must align with that velocity. Automated commercial networks already operate around the clock. Institutional capital must follow. The standard is one platform, where money moves.
Robinhood Chain’s token issuance platform Long.xyz announced that over the past 24 hours, the trading volume of LONG’s tokenized stocks on Robinhood Chain has exceeded $425 million. Currently, the platform’s stock total value locked (TVL) stands at nearly $12 million, accounting for roughly 20% of the total stock TVL across the entire chain. Long.xyz, an emerging issuance platform on Robinhood Chain, allows users to issue meme tokens and pair them directly with tokenized stocks (such as NVDA, AAPL, and TSLA) instead of pairing with USDC or ETH, a mechanism designed to drive trading volume and liquidity to tokenized stocks.
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
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Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
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Figure Technology Solutions completed the $717 million acquisition of Kiavi on Tuesday, bringing one of the largest residential real estate investor lenders in the U.S. into its blockchain ecosystem. Both Figure’s acquisition announcement and its 8-K filing with the U.S. Securities and Exchange Commission (SEC) confirmed the deal closed on September 1. Per Figure’s prior acquisition announcement, Kiavi is expected to add over $7 billion in annual first-lien mortgage volume to Figure Connect, while more than $100 million in monthly funds will flow into Figure’s on-chain lending platform Democratized Prime.
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Beating AI News: Google has started the gray-scale rollout of Gemini 3.8 Flash to its Gemini App. When users directly inquire about the current model in the Gemini App, it responds with "Gemini 3.8 Flash". Last week, Business Insider obtained internal screenshots showing Gemini 3.8 Flash Preview appearing on Google’s internal coding platform Jetski. A testing employee said the new model is noticeably better than Gemini 3.7 Flash. Gemini 3.8 Flash’s internal codename is "skimaki". The update mainly fixes issues exposed in Gemini 3.7 Flash, while also cutting down on templated, verbose "AI fluff". Gemini 3.7 Flash was released only on August 13, meaning the interval between the two versions is less than three weeks.
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According to monitoring by Onchain Lens, a whale’s execution wallet has accumulated purchases of 155,980 HYPE tokens, valued at approximately $12.91 million, at an average price of around $82.77. The tokens were subsequently transferred to another wallet and staked. The wallet currently holds roughly 4.34 million USDC and continues to buy HYPE.
Circle and OKX have expanded their USDC partnership to increase the stablecoin’s liquidity and use across spot, margin and futures markets on the crypto exchange.
Summary
Circle and OKX are expanding USDC liquidity and trading access across spot, margin and futures markets. Eligible OKX users will have more ways to trade in USDC denominated markets under the expanded partnership. OKX has launched a USDC Margin Growth Program offering qualifying users a monthly 100 USDC reward funded by Circle. The latest move extends an existing partnership that has covered USD to USDC conversions and native USDC support on OKX’s X Layer. Circle said on Sept. 2 that the companies are working together to give eligible OKX users more access to USDC-denominated trading markets, extending an existing relationship between the stablecoin issuer and the exchange.
Circle 🤝 @OKX
Circle and OKX are working together to expand USDC liquidity and trading utility across OKX.
The collaboration supports broader access to USDC-denominated markets across spot, margin, and futures trading.
As digital asset markets scale, trusted dollar stablecoin… pic.twitter.com/lEkCvIMPz3
— Circle (@circle) September 1, 2026 The latest collaboration covers spot trading as well as leveraged products through margin and futures markets. Circle described trusted dollar stablecoin liquidity as part of the trading infrastructure needed as digital asset markets scale.
Specific USDC trading pairs covered by the latest announcement were not disclosed. Circle did not provide a timetable for further market additions or identify the regions where every product would be available, with access subject to user eligibility.
The announcement comes alongside a new OKX and Circle incentive program designed to encourage traders to hold and use USDC on the exchange.
Circle and OKX expand USDC trading access OKX launched its USDC Margin Growth Program with Circle on Sept. 1, offering qualifying users a monthly 100 USDC cash reward funded by Circle.
Under the program, users must opt in, hold at least 20,000 USDC in their OKX Trading Account for 17 consecutive days during a calendar month and record more than 1,000 USDC in single-side trading volume across eligible spot, futures or margin USDC pairs.
Up to 4,000 users can qualify each month on a first-come, first-served basis. OKX said qualifying rewards are settled within seven days after the end of each month.
The trading push extends a relationship between the two companies that previously focused on moving funds between traditional dollars, USDC and blockchain networks.
In July 2025, Circle and OKX introduced zero-fee USDC conversions between USDC and the U.S. dollar. The arrangement allowed users to convert USD into USDC and back at a 1:1 rate through OKX.
Circle CEO Jeremy Allaire said at the time that demand for USDC was coming from businesses and individuals adopting dollar-denominated digital money. OKX President Hong Fang described the integration as part of the exchange’s work to make access to digital assets easier.
USDC infrastructure has expanded across OKX The companies moved their cooperation further onchain in August when Circle brought native USDC and its Cross-Chain Transfer Protocol to X Layer, the Ethereum-compatible layer 2 network developed by OKX.
As crypto.news previously reported, the Aug. 7 integration gave developers and businesses access to USDC issued natively by Circle instead of relying only on tokens bridged from another blockchain.
Circle’s CCTP lets users move USDC between supported blockchains through a burn-and-mint process instead of locking tokens into conventional bridges and issuing wrapped representations on destination networks.
At the time of the X Layer launch, native USDC was supported across 36 networks, while CCTP connected 26 blockchains. Qualified businesses could access USDC issuance and redemption on X Layer through Circle Mint.
The infrastructure can be used for transfers, settlements, lending and decentralized applications, extending the companies’ cooperation beyond OKX’s centralized exchange.
USDC access has been developing differently across OKX’s regional operations as exchanges adjust their stablecoin offerings to local rules.
In Europe, OKX opened a USDT-to-USDC conversion route in July for customers across 30 EU and European Economic Area countries. Eligible customers can deposit USDT and convert it into USDC, which is supported under the European Union’s Markets in Crypto-Assets framework.
OKX Europe operates under a MiCA license and restricts trading in USDT for European customers. USDC and Paxos-issued USDG remain supported stablecoin options on the platform.
The exchange temporarily paused USDC deposits and withdrawals through Solana in July for scheduled wallet maintenance while keeping related trading services operational. The Solana USDC suspension applied only to transfers through that network and did not amount to a platform-wide pause in USDC trading.
Circle has pushed USDC deeper into trading platforms Circle has pursued similar arrangements with other trading and financial platforms as it expands the places where USDC can be used for collateral, settlement and trading.
In May, Circle deepened its relationship with Hyperliquid by becoming the technical deployment partner for USDC on the decentralized trading platform. USDC continued serving as a primary collateral and quote asset across Hyperliquid’s trading ecosystem, while Circle provided infrastructure for minting, redemption and cross-chain transfers.
Circle later moved approximately 4.397 billion USDC through HyperEVM to a Coinbase-linked address. Blockchain analytics firm Arkham described the USDC transfer to Coinbase as the largest USDC transaction recorded at the time.
Coinbase had become Hyperliquid’s USDC treasury deployer under its Aligned Quote Asset framework, while Circle handled technical infrastructure supporting USDC movement across networks.
Circle’s relationship with Coinbase remains another major distribution channel for the stablecoin. During its second-quarter earnings call in August, the company said its USDC collaboration agreement with Coinbase had renewed on existing terms for another three years, extending the arrangement into 2029.
USDC circulation stood at $73.3 billion at the end of the second quarter, up 19% from a year earlier. Circle reported $701 million in quarterly revenue and reserve income, while roughly 30% of circulating USDC was held on Coinbase’s platform at the end of June.
Circle said at the time that it worked with more than 150 partners that had economic incentives to integrate, distribute or support USDC across exchanges, wallets, payment applications and other financial platforms.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to monitoring by Onchain Lens, a whale’s execution wallet has accumulated purchases of 155,980 HYPE tokens, valued at approximately $12.91 million, at an average price of around $82.77. The tokens were subsequently transferred to another wallet and staked. The wallet currently holds roughly 4.34 million USDC and continues to buy HYPE.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Figure Completes $717 Million Acquisition of Kiavi, Adding $7 Billion in Tokenized Loan Volume
Figure Technology Solutions completed the $717 million acquisition of Kiavi on Tuesday, bringing one of the largest residential real estate investor lenders in the U.S. into its blockchain ecosystem. Both Figure’s acquisition announcement and its 8-K filing with the U.S. Securities and Exchange Commission (SEC) confirmed the deal closed on September 1. Per Figure’s prior acquisition announcement, Kiavi is expected to add over $7 billion in annual first-lien mortgage volume to Figure Connect, while more than $100 million in monthly funds will flow into Figure’s on-chain lending platform Democratized Prime.
5 minutes ago
Gemini 3.8 Flash has been gray-launched on the Gemini App.
Beating AI News: Google has started the gray-scale rollout of Gemini 3.8 Flash to its Gemini App. When users directly inquire about the current model in the Gemini App, it responds with "Gemini 3.8 Flash". Last week, Business Insider obtained internal screenshots showing Gemini 3.8 Flash Preview appearing on Google’s internal coding platform Jetski. A testing employee said the new model is noticeably better than Gemini 3.7 Flash. Gemini 3.8 Flash’s internal codename is "skimaki". The update mainly fixes issues exposed in Gemini 3.7 Flash, while also cutting down on templated, verbose "AI fluff". Gemini 3.7 Flash was released only on August 13, meaning the interval between the two versions is less than three weeks.
5 minutes ago
A whale opened a $12.91 million position in HYPE and transferred the tokens for staking.
According to monitoring by Onchain Lens, a whale’s execution wallet has accumulated purchases of 155,980 HYPE tokens, valued at approximately $12.91 million, at an average price of around $82.77. The tokens were subsequently transferred to another wallet and staked. The wallet currently holds roughly 4.34 million USDC and continues to buy HYPE.
5 minutes ago
Iran's Revolutionary Guard Corps: Two oil tankers were targeted by mine attacks in the Strait of Hormuz and have stopped sailing.
Iran's Revolutionary Guard said in a statement that two oil tankers were hit by mine attacks in the Strait of Hormuz and have suspended navigation.
5 minutes ago
Dell Technologies rose nearly 10% in pre-market trading, as the company raised its full-year guidance beyond expectations.
According to BIT (bit.com) market data, Dell Technologies' pre-market trading rose nearly 10%. The company raised its full-year guidance beyond expectations, posted a record-high Q2 revenue, fueled by explosive demand for AI servers.
5 minutes ago
US pre-market trading shows broad declines across semiconductor, storage, and optical communication sectors, with CRDO falling more than 8%.
According to BIT (bit.com) market data, U.S. pre-market trading on Wednesday saw the semiconductor, storage, and optical communications sectors all edge lower. Semiconductor stocks were broadly down: Lam Research (LRCX) fell 0.2%, Intel (INTC) dropped 1.01%, Applied Materials (AMAT) declined 0.42%, and Arm (ARM) fell 1.09%. The storage sector also trended lower, with SK Hynix (SKHY) down 0.93%, Micron Technology (MU) slipping 0.6%, Western Digital (WDC) falling 0.65%, SanDisk (SNDK) dropping 0.58%, and Seagate Technology (STX) declining 0.68%. Optical communications-related stocks led the declines: Astera Labs (ALAB) fell 1.3%, Applied Optoelectronics (AAOI) dropped 1.14%, Coherent (COHR) declined 1%, Credo (CRDO) plummeted 8.77%, and Lumentum (LITE) fell 1.2%.
Polkadot (DOT) is displaying early signs of a bullish reversal, as a prominent inverse head-and-shoulders pattern emerges on the 4-hour chart. Increased network activity and moderate price gains are drawing renewed attention to the altcoin, though the level of actual user engagement remains a concern for longer-term prospects.
Technical setup favors bulls if key resistance is breachedAt the latest check, DOT is trading at $0.8759. The asset registered a 4.74% rise over the last 24 hours, with a daily trading volume of $122.89 billion and a market capitalization of $1.48 billion. The developing technical formation, combined with recent network activity, could bolster the positive momentum if critical resistance levels are surpassed.
Crypto analyst Crypto With Gopal observed that DOT currently hovers near $0.855 as the right shoulder in the inverse head-and-shoulders pattern continues to materialize. The pattern indicates an accumulation phase by buyers and hints at a possible breakout if bullish momentum prevails.
The neckline situated at $1.05 is widely seen as the decisive threshold for this pattern. A confirmed breakout above the neckline could establish $1.38 as the next target, according to technical projections. On the other hand, failure to clear this level may lead to consolidation within the current range, maintaining the $0.855 support as a key reference point.
The most important level to watch out for would be the neckline at $1.05. Breaking through this neckline could signify a successful breakout, favoring the bulls with a potential target at $1.38. Otherwise, continued consolidation could persist.
Network activity spikes, but actual adoption lagsData from Chainspect revealed a substantial 40% surge in Polkadot network activity within a single day, peaking at 0.02 transactions per second (TPS) for the week. However, despite this percentage increase, the actual transaction rate remains relatively low compared to leading blockchain networks.
These figures underscore the challenge for Polkadot in converting its infrastructure growth into tangible user demand. The gap between active development and real-world adoption continues to be a focal point for both analysts and the broader ecosystem.
While strong technology and an expanding ecosystem are positive, actual utility hinges on achieving increased transactions, more active addresses, and broader application use among real users.
Market monitoring and trading tools evolve alongside price actionAs DOT approaches this critical technical zone, investors are closely tracking price structure, network stats, and macro shifts that can influence short-term sentiment. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
The coming sessions will likely determine whether DOT can confirm a bullish breakout pattern, or if it will revert to further consolidation. Bulls are watching the $1.05 neckline while support at $0.855 serves as a potential safety net in the event of renewed selling pressure.
Curve DAO [CRV] is up more than 16% in the past 24 hours, turning its weekly change positive, around 9%. This comes as demand for the broader DeFi sector surges to provide liquidity for swaps.
Moreover, there was an increase in buying activity as daily trading volume increased by 174%, to about $122 million. Will CRV hold on to the current bullish market structure?
Is CRV’s market structure shift confirmed? The current market structure confirms a trend shift with CRV sitting above the most recent higher high (HH). The HH is trading above a bottoming sideways market that bounced between $0.18 and $0.2877.
The upper resistance of the range at $0.2877 is reinforced as a key zone, as CRV bounced from the 20-day MA. The altcoin was trading above both the 20-day and 50-day MAs.
However, CRV needs to maintain this structure if bulls are to surpass this year’s peak of $0.44. Resistances at $0.3851 and $0.3976 from the MA Crosses may be short-term hurdles to this rally.
But the trend remains healthy, with corrections for each leg-up ending at the 50% Fibonacci Retracement level. CRV is trading above $0.36, 25% away from a new year-to-date (YTD) peak.
Source: CRV/USDT on TradingView Still, traders should be wary of a correction if the CRV bulls do not hold the price above $0.345.
The Bull Bear Power (BBP) confirmed the buying activity, with the sizes of the bars returning to pre-breakout levels. This indicated the token’s demand was present and exploding alongside that of Uniswap [UNI], which had double-digit gains.
But what showed CRV’s demand?
How is Curve Finance’s network doing? Looking at data from DeFiLlama, Curve Finance’s demand was quite evident, especially in the past two days.
The protocol provided deep stablecoin liquidity, with the market cap of crvUSD at over $283 million. This efficient liquidity on the protocol enables swaps against other tokens, as capital rotation to altcoins gradually builds.
Additionally, Active Addresses and Transactions returned aggressively after a long period of inactivity. Addresses have averaged over 6,000, while transactions were about 30K for the past two consecutive days.
Source: DeFiLlama Even so, the Total Value Locked (TVL) reinforced CRV’s demand. The TVL increased by more than $300 million this quarter, from $1.43 billion in July to $1.70 billion.
Altogether, this network data confirmed the demand across the whole of the DeFi sector.
Final Summary CRV surged by over 16% as DeFi tokens rallied due to growing demand for stablecoin liquidity to enable swaps. Curve Finance’s active addresses, transactions, and TVL confirmed the token’s demand.
Uniswap’s record-breaking streak is gathering pace rather than cooling off. Weekly swaps surged 86% to 40 million as more users entered the protocol.
The milestone surpassed Uniswap’s previous record, established one week earlier.
This rapid growth showed increasing demand for Uniswap’s [UNI] infrastructure rather than an isolated burst of trading.
Unique Daily Swappers also reached approximately 147,000. Therefore, broader participation accompanied the rising number of transactions.
Source: Blockworks Notably, V3 still processes most swaps. However, V4’s growing contribution suggests users are adopting newer infrastructure.
Meanwhile, activity across Ethereum [ETH], Base, Arbitrum [ARB], and newer deployments indicates that Uniswap’s usage is becoming less dependent on a single network.
Uniswap activity drives higher fees The large increase in trading volume on Uniswap has led to more trades and higher associated fees. Simply, this shows that users have taken advantage of its increased usage by way of increasing the overall economic strength of the protocol.
Cumulative Fees paid to the Uniswap protocol rose from approximately $17 million in early June to over $33 million by late August.
Source: Blockworks However, fees increased more steadily than the 86% weekly explosion in swaps. This indicates a significant development within the underlying activity.
While there were many users making trades in their accounts, they made fewer larger position trades. Therefore, this resulted in the trade activity being higher than the amount of money flowing through each trade.
Whale accumulation supports UNI’s rally While higher activity strengthened Uniswap’s economic model, large holders provided another source of support for UNI.
Whale accumulation intensified in late May, with Binance’s largest users withdrawing an average of 7,400 UNI daily. These withdrawals reduced UNI’s immediately available Exchange Supply.
Notably, accumulation began before UNI reversed from $2.48 and rallied approximately 122% to $5.14.
Rather than selling into that recovery, whales kept moving tokens off Binance. This move suggested that conviction remained intact as prices climbed.
Source: CryptoQuant Monthly averages are currently around a still high number of 5,300 UNI per day and so far have limited the possible amount of sell-side pressure.
Still, it is possible that stronger protocol activity helps to support demand as well as continued whale accumulation.
Yet, this combination could also help in extending UNI’s price recovery.
Final Summary Uniswap [UNI] activity hit record levels as user growth and higher fees strengthened protocol usage. Sustained whale accumulation could support UNI’s rally toward the $7.80 resistance.
