ARK Investment Management požádala SEC o povolení tokenizované třídy podílových jednotek fondu ARK Venture Fund, jejíž vlastnictví by bylo vedeno na blockchainu a s níž by se mohlo obchodovat na ATS. SEC stanovila lhůtu pro žádosti o slyšení na 18. září.
A pending exemptive application would let ARK Venture Fund record ownership of a new share class using distributed ledger technology and trade it on registered ATS venues. Hearing requests are due Sept. 18.
ARK Investment Management has asked the U.S. Securities and Exchange Commission for permission to issue a share class of its venture fund whose ownership is recorded using distributed ledger technology, according to an application on file with the agency. The SEC published notice of the request on Aug. 24 and set a Sept. 18 deadline for hearing requests, after which it can grant an order.
ARK is pursuing the tokenized class through the standard exemptive application route rather than waiting on the tokenization relief the SEC has signaled but not issued. The application asks for no relief on the blockchain mechanics themselves, stating in a footnote that the applicants "are not seeking exemptive relief with respect to whether or how distributed ledger technology is used by a Fund to maintain a record of its shareholders."
The applicant is ARK Venture Fund, a continuously offered closed-end interval fund that held $562 million in total assets as of Jan. 31, according to its semi-annual report. Its existing Class D, Class S and Class U shares priced at $49.83, $49.69 and $49.70 as of May 15, for an aggregate non-affiliate market value of about $912.6 million. The fund is separate from the $6.55 billion ARK Innovation ETF, which sits in another registrant, ARK ETF Trust.
Two New ClassesARK and the fund filed the application on May 20 and amended it on June 11 and Aug. 7 under file number 812-16031. It would amend a prior order granted in November 2025 that permitted multiple share classes. The application for that order, ARK writes, "included a representation that '[s]hares of the Funds will not be listed on any securities exchange, nor quoted on any quotation medium.'"
The amended order would create two classes. An Exchange Class would list on a national securities exchange. A Tokenized Class would have ownership "recorded using distributed ledger technology" and could trade on alternative trading systems registered under Regulation ATS, on other quotation mediums, or through peer-to-peer transfers between whitelisted wallets. ARK is not seeking relief to list or quote the tokenized shares on decentralized finance platforms.
Tokenized Class shares would be issued through the fund's subscription process at net asset value, sold without a sales load, and distributed either by registered broker-dealers or directly by the fund's transfer agent. The class would carry its own costs, including transaction fees on share sales, repurchases and dividend distributions. ARK seeks relief under sections 6(c), 18 and 17(d) of the Investment Company Act and under Rules 23c-3 and 17d-1. Dechert is counsel on the application.
No Vendor NamedThe application does not name a tokenization provider, a transfer agent or a blockchain, referring only to "tokenization agents" and "the Fund's transfer agent" as expense categories. The Bank of New York Mellon is the fund's current transfer agent, administrator and custodian, according to the semi-annual report.
ARK Venture Fund holds equity in Securitize, which went public on the NYSE in July, alongside a $10 million convertible note at 5% due September 2028 that it acquired on Sept. 30, 2025. Securitize is the transfer agent for BlackRock's tokenized BUIDL fund and has signed tokenization deals across registered products.
Rules Still PendingThe regulatory framework ARK's tokenized class would operate under remains unfinished. The SEC has not adopted or formally proposed the tokenization "innovation exemption" that industry has expected, and The Defiant has reported on repeated delays to it. Chair Paul Atkins' Regulation Crypto Assets proposal of Aug. 18 covers offering exemptions for crypto asset issuers, not tokenized fund share classes, and is open for comment until Oct. 20.
The SEC on Sept. 1 also proposed its first overhaul of transfer agent rules in roughly four decades, citing the use of "blockchain technology in connection with securities offerings and the transfer of shares." That proposal, which The Defiant covered on publication, takes comments until Nov. 3.
BitMart si najal Alvarez & Marsal jako finančního poradce, aby prověřil finanční situaci, omezení výběrů prostředků a možné další kroky po zastavení obchodování. Burza slíbila plán a podrobnosti o konzultacích do tří týdnů.
BitMart appointed Alvarez & Marsal as its financial adviser on Sept. 9 as the crypto exchange reviews its financial position, withdrawal restrictions and possible paths following the suspension of trading.
Summary
BitMart appointed A&M to assess finances, stakeholder claims and withdrawal arrangements with its legal advisers. Five business days is BitMart’s deadline to publish a dedicated user feedback portal online publicly. BitMart expects to announce its action plan and consultation details within three weeks of Wednesday. BitMart halted trading on August 26 after announcing an orderly platform wind-down in July 2026. No audited asset balance, creditor recovery rate or withdrawal timetable accompanied the advisory appointment announcement. The exchange said A&M would work alongside its legal advisers to assess its finances, stakeholder matters and arrangements for an “orderly withdrawal” process. BitMart also said it would examine a potential phased business restart and proposals from unidentified third parties.
The appointment does not reverse BitMart’s trading halt or provide users with a confirmed repayment schedule. The exchange has not published independently verified asset and liability figures, customer shortfall estimates or expected recovery rates.
BitMart gives itself three weeks to produce an action plan BitMart said it would progressively announce its proposed action plan, user consultation process and feedback mechanisms during the next three weeks. That timetable points to further information by approximately the end of September, although the company did not provide a specific date.
Update on the Appointment of Alvarez & Marsal as Financial Adviser and Near-Term Action Plan
Dear BitMart Users,
Following careful consideration, BitMart has appointed Alvarez & Marsal ("A&M") as its external financial adviser. A&M will assist BitMart and its legal advisers in…
— BitMart (@BitMartExchange) September 9, 2026 The exchange plans to establish a dedicated website through which users can submit opinions about withdrawals and BitMart’s future direction. It promised to publish the link within five business days of the Sept. 9 announcement.
A&M will review BitMart’s current operations and asset position before the exchange releases related financial information. BitMart said independent review was needed to ensure that future disclosures were accurate.
However, the announcement did not specify what records A&M would examine, whether its findings would be published in full or whether users would receive an independently audited balance sheet. A search of A&M’s public website did not identify a separate statement confirming the engagement at the time of reporting.
Withdrawal arrangements remain unresolved BitMart acknowledged that users had faced withdrawal restrictions and resulting uncertainty. It said withdrawal arrangements, asset status and future procedures were among the matters now being reviewed.
The exchange did not say how many users remain unable to withdraw, which assets are affected or how much customer property is awaiting release. It also did not provide a date for clearing pending withdrawal requests.
BitMart said it would appoint another independent third party to oversee operations and asset custody during the review. The company did not identify that party or explain its authority over wallets, private keys and transaction approvals.
This leaves several central questions unanswered. Users still lack verified figures showing BitMart’s available assets against customer liabilities. No court-supervised restructuring, bankruptcy petition or regulator-led creditor process has been announced publicly.
Claims on social media that assets are missing or that every withdrawal has failed remain unverified. BitMart’s own acknowledgement of withdrawal restrictions confirms an operational problem, but it does not establish the size or cause of any potential shortfall.
BitMart had already halted trading during its wind-down BitMart announced an orderly wind-down on July 26, citing its operating conditions, market environment and future strategy. The original notice scheduled the end of spot, futures and other trading services for Aug. 26.
The exchange initially planned to complete the wider platform closure by Jan. 31, 2027. It encouraged users to close positions, complete identity checks and submit withdrawals as early as possible.
BitMart later began considering a restructuring that could combine creditor distributions with a phased restart. It appointed White & Case as restructuring counsel and promised an update by Sept. 9.
As crypto.news previously reported, the exchange was evaluating creditor distributions and a phased operational restart without disclosing reserve figures, creditor eligibility rules or payout percentages. The A&M appointment satisfies the promised update but does not answer those financial questions.
The company’s support pages and main website remain online. Some promotional product pages also remain visible, but their presence does not establish that centralized trading services have resumed.
A business restart remains only one possible outcome BitMart said it would explore “various feasible follow-up actions.” Those options include a possible orderly restart and third-party proposals, but the exchange did not identify potential investors, buyers or financing providers.
The company also did not commit to reopening. Any restart would depend on the financial review, available assets, legal advice and negotiations with affected stakeholders.
User feedback may influence the assessment, according to BitMart. However, the feedback portal is a consultation channel rather than a formal creditor vote or legally binding claims process.
The next confirmed deadline is the publication of that portal within five business days. Users should then expect additional action-plan details within three weeks. The most consequential disclosures will be independently verified asset and liability figures, the status of pending withdrawals and the identity of the proposed custody supervisor.
Until those disclosures appear, BitMart’s financial condition and users’ expected recoveries remain unknown.
Hunter Biden uvedl, že 20 % nabídky LAPTOP půjde komunitě, včetně investorů, kteří prodělali na TRUMP. Zbývajících 30 % bude řízeno programovaným mechanismem s pálením nebo darováním na charitu.
Hunter Biden, kendi meme coin projesi LAPTOP token için planını kamuoyuyla paylaştı. Base ağında işlem görmeye başlaması planlanan token için arzın yüzde 20’sinin topluluğa dağıtılacağı açıklandı. Dağıtım kapsamında Official Trump (TRUMP) tokenında para kaybeden yatırımcıların da yer alacağı belirtiliyor.
Biden’ın açıklaması, projenin token ekonomisine ilişkin şimdiye kadarki en ayrıntılı kamuya açık bilgiler arasında yer alıyor. Projenin merkezinde ise yıllardır siyasi tartışmaların odağında bulunan Delaware’deki bir tamirhaneye bırakılan dizüstü bilgisayar bulunuyor.
LAPTOP Token Topluluğa Ne Vaat Ediyor? Hunter Biden, projeyi söz konusu bilgisayar üzerinden şekillendiriyor. Delaware’deki bir tamirhanede bırakılan cihazın içeriği, yıllar boyunca Biden hakkındaki siyasi tartışmalarda kullanıldı. Biden ise kendisini yedi yıldır ayık olarak tanımlayarak bilgisayarı kişisel toparlanma sürecinin sembolü olarak konumlandırıyor.
X üzerinden yaptığı açıklamada token arzının yüzde 20’sinin topluluk için ayrılacağını duyurdu. Bu grubun içinde TRUMP tokenından zarar eden yatırımcıların da bulunması planlanıyor.
Biden’ın iddiasına göre yaklaşık 1 milyon cüzdan TRUMP projesinde toplam 3,8 milyar dolar civarında kayıp yaşadı. Ancak Biden, LAPTOP tokenını satın alan kişilerin bu varlığın değer kazanması için kendisinden veya başka bir kişiden destek beklememesi gerektiğini özellikle vurguladı.
Token Arzının Yüzde 30’u Nasıl Kullanılacak? Projenin kalan arzının önemli bir bölümü önceden belirlenmiş koşullara bağlanıyor. Biden, yüzde 30’luk kısmın programlanmış bir mekanizma tarafından yönetileceğini açıkladı.
Bu mekanizma belirli gelişmeler gerçekleştiğinde tokenları yakacak. Şartlar gerçekleşmediğinde ise söz konusu tokenlar hayır kurumlarına aktarılacak. Böylece arzın kullanımına ilişkin koşullar önceden belirlenmiş olacak.
Açıklanan kriterler arasında 2028 seçimlerinde Demokratların kazanması, Bitcoin’in yeni bir tüm zamanların en yüksek seviyesine ulaşması ve LAPTOP’ın piyasa değerinde TRUMP’ı geride bırakması bulunuyor. Bunun yanında 50 milyon token, koşullardan bağımsız olarak hayır kurumlarına gönderilecek.
LAPTOP İçin Rug Pull Riski Var Mı? Proje daha piyasaya çıkmadan tartışmaları da beraberinde getirdi. Ekonomist Peter Schiff daha önce başkanlık meme coinlerini “yasal rüşvet” olarak nitelendirmiş ve bu tokenları satın alan kişilerin büyük bölümünün zarar ettiğini savunmuştu.
Hunter Biden’ın paylaşımının ardından X’teki bazı kullanıcılar da projeye sert tepki gösterdi. Bazı hesaplar Biden’ı daha önce eleştirdiği uygulamaları tekrarlamakla suçlarken, bir kullanıcı olası bir rug pull ihtimaline karşı paylaşımın kaydedilmesini önerdi.
Biden ise eleştirilere, Trump, Melania, Kanye, Lil Pump ve Andrew Tate’in meme coinlerinden kaynaklanan travmaya gönderme yaparak yanıt verdi.
Sahte LAPTOP Tokenları Neden Çoğaldı? Projenin en kritik sorunlarından biri resmi sözleşme adresinin henüz açıklanmamış olması. Biden veya ekibi basın saatine kadar LAPTOP için doğrulanmış bir kontrat adresi yayımlamadığı için traderlar farklı ağlardaki aynı isimli tokenlara yöneldi.
GeckoTerminal verilerine göre BNB Chain üzerinde “Hunter Biden’s Laptop” adını kullanan bir işlem çifti yaklaşık 10 saat içinde yüzde 81.000’in üzerinde yükseldi ve 20,29 milyon dolarlık değerlemeye ulaştı. Base üzerindeki başka bir çift ise 3,31 milyar dolarlık piyasa değerine ulaşırken günlük işlem hacmi yalnızca yaklaşık 1.121 dolar seviyesinde kaldı.
Bu tokenların hiçbirinin resmi olduğu doğrulanmış değil. Bu nedenle kripto borsası veya farklı bir platform üzerinden LAPTOP adıyla işlem gören varlıkların kontrat adresi doğrulanmadan satın alınması ciddi risk taşıyor. Resmi adres açıklanana kadar yatırımcıların özellikle sahte token ve likidite riskini dikkate alması gerekiyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Engineering Talent Moves In-House@Sei_Labs has acquired @bilinearlabs, bringing the firm's Rust-based engineering talent and data analytics capabilities directly into the $SEI ecosystem. The Bilinear team is transitioning into core development roles focused on Sei Network and the upcoming Sei Giga scaling initiative, deepening the in-house technical bench at a critical moment for the protocol.
The move follows Bilinear's track record of delivering real-time financial insights and on-chain intelligence for high-velocity decentralized markets, a profile that fits squarely with Sei's performance-first positioning in DeFi infrastructure.
What Is Sei Giga and Why Does It Matter?Sei Giga is @Sei_Labs' most ambitious technical undertaking to date. The initiative targets over 50x throughput, 70x faster block production, and 40x execution efficiency, with the broader goal of making Sei the first multi-proposer EVM Layer 1. It leverages parallel block proposals to solve bottlenecks, scaling the EVM with innovations across data availability, consensus, execution, and storage.
Key targets include 5 gigagas of throughput at roughly 200,000 transactions per second, alongside sub-400ms finality for low-latency, high-speed applications. Achieving that throughput would deliver execution speeds 50 times faster than any other mainnet chain, comparable to Web2-level transaction performance.
Advanced features including Autobahn consensus, a multi-proposer architecture, and the 5 gigagas throughput target are currently in development. Sei Labs has already achieved 5 gigagas of throughput in an internal devnet using Autobahn, a new consensus protocol designed for high throughput and low latency in globally distributed validator networks.
Bringing Bilinear's engineering resources in-house signals that Sei Labs is consolidating specialist talent rather than relying on external contributors as Giga moves closer to production. For the $SEI ecosystem, the acquisition adds depth on the data and systems side at a point when the protocol's technical roadmap is at its most complex.
Sources
Sei Labs publishes Sei Giga whitepaper, Sei Blog
Sei Labs releases Giga roadmap, Business Wire
Starknet spustil nový rámec STRK20 Shieldnet, který chrání soukromí u 45 aktiv ERC-20 pomocí zero-knowledge proofů. Transakce se převádějí do šifrovaných poznámek a detaily lze selektivně zpřístupnit regulátorům.
Starknet just rolled out privacy protection for 45 ERC-20 assets through its new STRK20 framework, branded as Shieldnet. The system uses client-side zero-knowledge proofs to convert tokens into encrypted notes, making transaction details invisible to outside observers while still allowing selective disclosure for regulatory compliance.
How Shieldnet actually works The STRK20 framework operates on a note-based ZK system. When users interact with it, their assets are converted into encrypted notes that appear only as metadata on-chain. The sender, receiver, and transfer amounts are all hidden from public view.
This is fundamentally different from crypto mixers like the now-sanctioned Tornado Cash. Rather than pooling funds together to obscure their origins, Shieldnet enables selective lawful disclosure through encrypted viewing keys. Users can share these keys with regulators or auditors when required, revealing only the relevant transaction data while keeping everything else confidential.
The framework supports shielded transactions across DeFi applications, not just simple transfers. Protocols like AVNU and Ekubo are already integrated, meaning users can swap and provide liquidity with privacy features baked into the experience. Supported wallets include Xverse and Ready X.
The rollout timeline The STRK20 framework was first announced in March 2026, followed by a protocol upgrade tagged SHINOBI/v0.14.2 on April 21, 2026, which laid the technical groundwork. The first asset to go live under the framework was strkBTC, launched on May 12, 2026. USDC followed in June, and the full implementation covering 45 assets was completed by June 9, 2026.
Early engagement numbers look respectable for a brand-new privacy system. The privacy pool has processed more than 14,000 deposit transactions, with total value locked reaching approximately $350K shortly after launch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
StablecoinX jmenovala bývalého výkonného pracovníka Franklin Templeton pro digitální aktiva Christophera Jensena do funkce CEO. Firma je největším korporátním držitelem ENA a drží asi 3,03 miliardy tokenů.
Franklin Templeton digital asset veteran takes helm at StablecoinXLatest NewsPublishedSep 8, 2026
Former Franklin Templeton digital asset executive Christopher Jensen will lead StablecoinX, the largest corporate holder of Ethena’s ENA token.
StablecoinX appointed former Franklin Templeton digital asset executive Christopher Jensen as CEO, putting him in charge of the largest corporate holder of Ethena’s ENA token.
Jensen succeeds Ted Chen, who led StablecoinX through its public listing in June and will remain chairman of the company’s board.
StablecoinX, which trades on Nasdaq under the ticker USDE, is a publicly listed company focused on the Ethena ecosystem. Ethena issues USDe, a synthetic dollar that ranks as the fifth-largest stablecoin with nearly $4.4 billion in circulation, according to DefiLlama data. ENA, Ethena’s governance token, gives holders voting rights over changes to the protocol.
StablecoinX holds about 3.03 billion ENA tokens, roughly 20% of the token’s total supply, which the company says makes it ENA’s largest corporate holder.
Before joining StablecoinX, Jensen was a portfolio manager and director of digital asset research at Franklin Templeton, where he helped build the firm’s digital asset group after its launch in 2018. The asset manager’s blockchain venture fund participated in Ethena’s seed round, giving Jensen exposure to the protocol from its early stages.
The appointment comes about a week after Ethena launched Ethena Pay, a self-custodial app that lets users spend, save and transfer its USDe synthetic dollar.
The ENA token remains down about 20% year to date but has rebounded sharply in recent weeks, gaining more than 80% over the past month to trade around $0.16, according to CoinGecko.
ENA token price over the past month. Source: CoinGecko
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
LayerZero Labs získala certifikaci SOC 2 Type 1 i Type 2 pro celou infrastrukturu. Certifikace potvrzuje bezpečnost, dostupnost a důvěrnost dat v praxi.
LayerZero Labs, the team behind one of crypto’s most widely used cross-chain messaging protocols, has secured both SOC 2 Type 1 and Type 2 accreditations covering its entire infrastructure. The certification, verified through independent auditing under AICPA Trust Services Criteria, signals that LayerZero’s internal controls around data security, availability, and confidentiality aren’t just well-designed on paper but have actually held up over an extended observation period.
What SOC 2 actually means (and why most crypto projects don’t have it) SOC 2 is an auditing framework created by the American Institute of Certified Public Accountants. It evaluates whether a company’s systems are designed to keep customer data secure, available, and confidential.
The difference between Type 1 and Type 2 matters. Type 1 is a snapshot: an auditor checks whether your controls are properly designed at a single point in time. Type 2 is the harder test, requiring those controls to demonstrate operational effectiveness over a period of three to twelve months. Getting both means LayerZero had to prove its security posture wasn’t just a good idea on a whiteboard but a living, breathing system that worked consistently.
The institutional chess game LayerZero operates a cross-chain messaging protocol that connects more than 160 blockchains, enabling the transfer of stablecoins, tokenized assets, and arbitrary data between otherwise siloed networks.
LayerZero has already built relationships with some heavy hitters. Its partnership roster includes Citadel Securities, DTCC (the entity that settles most US securities trades), ICE (the parent company of the New York Stock Exchange), Google Cloud, and ARK Invest. The SOC 2 certification effectively removes one more objection from institutional due diligence checklists.
The timing also aligns with LayerZero’s planned launch of the Zero blockchain, scheduled for February 2026. That chain is being built for high-throughput institutional use cases, essentially a purpose-built environment where enterprises can leverage LayerZero’s cross-chain capabilities with the compliance guarantees they require.
The accreditation was noted on CertiK Skynet, the security-focused monitoring platform, which tracks compliance milestones alongside smart contract audits and on-chain security events. That it surfaced through compliance tracking channels rather than splashy media announcements is itself telling.
ZRO, LayerZero’s native token, stands to benefit indirectly from these developments. Token value in infrastructure protocols tends to correlate with network usage, and if the SOC 2 certification helps unlock new institutional volumes flowing through LayerZero’s messaging layer, the economic activity feeding into ZRO’s tokenomics grows accordingly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Abraxas Capital has bought another 13,000 ETH worth $32.39 million in the spot market to hedge part of a 141,180 ETH short position on Hyperliquid valued at $353.27 million.
Summary
Abraxas Capital bought another 13,000 ETH worth $32.39 million in the spot market, according to Lookonchain. The purchase was made to hedge a 141,180 ETH short position on Hyperliquid valued at $353.27 million. The latest spot purchase covers just over 9% of the short when measured by the number of ETH. Abraxas previously accumulated more than 211,000 ETH worth over $477 million during a six day buying run in May 2025. Lookonchain said on Sept. 8 that Abraxas Capital purchased the additional Ether while keeping its much larger short position open on the decentralized derivatives platform. The blockchain analytics account described the transaction as another spot purchase made specifically to hedge the short.
At the values provided by Lookonchain, the latest purchase was made at an implied price of roughly $2,491 per ETH. The 13,000 ETH position equals just over 9% of the firm’s 141,180 ETH short when measured by the number of tokens.
Abraxas therefore remains heavily net short based solely on the positions disclosed by Lookonchain. Subtracting the latest 13,000 ETH spot hedge from the 141,180 ETH short leaves 128,180 ETH of net short exposure before considering any other holdings or positions controlled by the firm.
Abraxas Capital keeps $353 million ETH short open Lookonchain valued the Hyperliquid short at approximately $353.27 million at the time of its post, compared with $32.39 million for the latest spot purchase.
The hedge gives Abraxas exposure to ETH in opposite directions. The short position benefits from a decline in Ether’s price, while the spot ETH gains value when the token rises. Lookonchain specifically characterized the latest purchase as a hedge, rather than a closure or reduction of the underlying short position.
Large leveraged positions have become common on Hyperliquid, where whale accounts have carried several billion dollars in combined positions this year.
In May, crypto.news previously reported that Hyperliquid whale positions had reached $4.039 billion. Long exposure stood at $1.981 billion, while shorts accounted for $2.058 billion, producing a long-to-short ratio of 0.96.
Both sides of the whale book were underwater at the time. Long positions carried roughly $30.8 million in aggregate unrealized losses, compared with approximately $14.6 million in losses on short positions.
One of the largest individual trades in the May snapshot involved an ETH whale using 15x leverage. The account held roughly $87 million in Ether exposure from an entry near $2,265 and was sitting on more than $3.6 million in unrealized losses.
A separate reading five days earlier placed Hyperliquid whale exposure at $4.236 billion. Long positions totaled $2.099 billion, or 49.55% of the total, against $2.137 billion in shorts.
The split produced a long-to-short ratio of 0.98, leaving large traders almost evenly positioned between bullish and bearish bets.
Abraxas has made large Ethereum purchases before The latest transaction is not Abraxas Capital’s first large on-chain move involving Ether.
In May 2025, the investment manager withdrew 138,511 ETH valued at roughly $297 million from centralized exchanges over two days, according to Lookonchain. The transfers occurred during a sharp ETH rally that pushed the token above $2,300.
Abraxas then increased its holdings with another 33,482 ETH purchase worth $84.7 million.
Lookonchain data cited at the time showed that the firm had accumulated 211,030 ETH over six days, worth more than $477 million. The purchases followed the earlier withdrawal of approximately $297 million in ETH from exchanges.
The 2025 accumulation occurred under different market conditions and does not establish the purpose of the firm’s current positions. Lookonchain has specifically described the Sept. 8 spot transaction as a hedge against the Hyperliquid short.
Hyperliquid whale positioning has changed considerably at different points this year. In April, large trader positions totaled $3.4 billion, consisting of $1.737 billion in longs and $1.663 billion in shorts.
Long positions were carrying approximately $153 million in aggregate unrealized losses at the time, while shorts were sitting on roughly $161 million in unrealized profits.
An ETH whale tracked in the same dataset held a 15x leveraged long from around $2,148.70 and was down approximately $8.6 million.
Ethereum trades close to $2,500 Abraxas made its latest hedge while Ether remained close to the $2,500 level following a recovery from early September lows.
On Sept. 7, Ethereum traded near $2,493 after moving between approximately $2,475 and $2,537 during the session.
ETH had repeatedly failed to hold above $2,500, while its daily relative strength index had eased to 63.62 after the August rally.
Liquidation data cited in the report showed notable leveraged positions clustered around $2,430 below the market and between $2,540 and $2,600 above it. The nearest support zone was concentrated between roughly $2,423 and $2,475.
Ether had been trading considerably lower less than a week earlier. On Sept. 2, the token fell to an intraday low of $2,356 after failing to clear resistance close to $2,550.
Approximately $94.2 million in ETH futures positions were liquidated over 24 hours during the decline, while Ethereum fell below $2,400.
ETH remained above several medium-term moving averages at the time, including its 20-day simple moving average near $2,299 and its 50-day, 100-day and 200-day averages near $2,054, $1,903 and $2,030, respectively.
The token later recovered toward the $2,500 area, putting Abraxas’ latest 13,000 ETH spot purchase close to the same price zone.
Institutional demand for spot Ether has remained active during the recovery. U.S. spot Ethereum exchange-traded funds recorded $225.8 million in net inflows on Aug. 28, extending a nine-session buying streak to $1.42 billion.
BlackRock’s ETHA accounted for $1.02 billion, or roughly 72%, of the nine-day ETF inflows. Fidelity’s FETH recorded $56.2 million on Aug. 28, while BlackRock’s staked ETHB product added $20.7 million.
Lookonchain’s Sept. 8 figures put Abraxas Capital’s latest spot hedge at 13,000 ETH worth $32.39 million, while the firm’s Hyperliquid short remained at 141,180 ETH with a notional value of $353.27 million.
Hyperliquid za 24 hodin koupil a spálil 15,35 tis. HYPE za zhruba 1,32 mil. USD, čímž dál utahuje nabídku tokenu. Současně přibyly odlivy ze spotu ve výši zhruba 1,39 mil. USD a akumulace velryb o 194 210 HYPE v hodnotě přibližně 16,79 mil. USD.
The supply dynamics of Hyperliquid [HYPE] strengthened as the protocol accelerated token burns, adding a layer of scarcity around the token’s available supply.
Within 24 hours, Hyperliquid bought and burned 15.35K HYPE worth approximately $1.32 million. The protocol paid an average price of around $86.17, extending its revenue-backed token removal strategy.
As of press time, the total lifetime burns stand at 48.45 million HYPE, valued at $4.11 billion using the current market valuation.
Significantly, this token burning activity permanently removed approximately 4.84% of HYPE’s maximum token supply.
Therefore, the recent buy extended an already established supply contraction trend rather than representing an isolated burn event, while preventing those tokens from returning to circulation.
However, the reduced supply still requires sufficient demand to influence the HYPE’s broader price structure.
The token’s exchange flows and whale accumulation, therefore, provided further evidence that the readily available market supply also tightened.
Whale accumulation strengthens the outflow narrative As of at the time of writing, HYPE had recorded around $1.39 million in negative spot netflows, implying outflows exceeded inflows during the measured period.
Noteworthy, the negative reading represented net movement between both flows, not the actual amount withdrawn from exchanges.
Alongside these outflows, Lookonchain highlighted persistent accumulation from a specific trader across ten consecutive days.
The market participant bought 194,210 HYPE, valued at approximately $16.79 million, through repeated transactions from exchange hot wallets, rather than relying on one large transaction.
Meanwhile, the negative netflows indicated that the broader exchange balances faced additional withdrawal pressure during the latest session.
Combined with the Hyperliquid’s token burn activity, these developments strengthen the argument for tightening readily available supply.
Source: CoinGlass HYPE support faces weakening buying strength At press time, HYPE traded around $84.22 after buyers challenged the $88.14 resistance zone but failed to establish support above the barrier. The price then returned toward the $83.82 level, placing the immediate support under increasing pressure.
Notably, the RSI shows a weakening trendline towards 60.28, while its moving average remained higher at 67.44 level.
The divergence indicates that buyers faced a cooling strength while defending a level separating consolidation from a potentially deeper retracement.
However, despite the decline, the RSI remained above the neutral territory, leaving the broader recovery structure intact around the current price levels.
A strong defense of the $83.82 support level will likely preserve another attempt toward the rejected $88.14 resistance area.
A break above this $88.14 level would strengthen the bullish structure and open a potential path toward the psychological $100 price level.
However, losing the $83.82 support would increase downside exposure, with $80 becoming the next significant support zone.
Source: TradingView Final Summary HYPE supply tightened as burns, Spot outflows, and whale accumulation aligned. Holding $83.82 would keep $88.14 level and overhead liquidity within reach.
Hunter Biden má na Base spustit memecoin LAPTOP 9. září, ale projekt už před prvním obchodem čelí silné kritice a distancují se od něj Kraken i Coinbase. Airdrop má mířit i na investory, kteří prodělali na TRUMP.
Hunter Biden, son of former American president Joe Biden, is set to launch a memecoin called LAPTOP on Base this Wednesday, featuring an airdrop especially aimed at investors who lost money on Donald Trump’s TRUMP memecoin. But even before its first trade, the project is already facing strong criticism. Several figures mentioned around the launch have distanced themselves.
In brief The token is scheduled to launch on Base on September 9, with 30% of the supply reserved for founders and 20% allocated to airdrops. Kraken deleted a promotional post while Coinbase denies any partnership. Andrew Callaghan, also mentioned in the project, says he has no connection to the memecoin. An airdrop aimed at TRUMP losers Hunter Biden confirmed the launch on X on September 7 with a particularly brief message: ” $LAPTOP, September 9 “. The project is to be deployed on Base, Coinbase’s network, with a total supply of one billion tokens, according to information published by the Wall Street Journal.
The founders, including Hunter Biden, will keep 30% of the tokens. These tokens will be locked for six months before being gradually unlocked over more than two years. The 20% reserved for airdrops will be distributed in two waves.
The first will target traders who lost money with the TRUMP memecoin. The second concerns Biden’s Substack subscribers as well as individuals on journalist Andrew Callaghan’s list, reports CoinDesk.
The choice of this target is far from accidental. TRUMP was worth about $2.25 on September 8, nearly 97% below its record high reached in January 2025. Its market capitalization briefly approached $15 billion at that time.
The LAPTOP project also plans to burn up to 30% of the supply under certain circumstances, notably in the event of a Democratic victory in 2028, a new all-time high for Bitcoin, or a valuation exceeding that of TRUMP. If these conditions are not met, the concerned tokens would be redistributed to charitable organizations.
Kraken, Base, and Channel 5 distance themselves Reputation fled before the product. Kraken removed a post presenting the project after a wave of negative reactions. Some users notably criticized the platform for promoting a new political memecoin.
However, this does not mean Kraken has ruled out a possible listing. Jordan Fish, known under the pseudonym Cobie and responsible for the Base app, reminded that a project can launch a token on the network without Coinbase’s approval. No partnership with LAPTOP exists, he specified.
Jesse Pollak, founder of Base, also stated that the memecoin team had contacted the network before its launch. However, Base chose not to participate in either its design or its promotion.
Andrew Callaghan also denied any link with LAPTOP to the Wall Street Journal. Channel 5, the media outlet he runs, is not involved in the project and does not consider cryptocurrencies as a legitimate investment.
The political memecoin market changes tone The contrast with the launch of TRUMP in January 2025 is striking. Back then, there were many criticisms, but they did not prevent investors from flocking in. Nearly two years later, platforms seem much more cautious about associating their image with this type of project.
The reaction on X alone will not determine LAPTOP’s success. The token still faces the real test: its market debut.
Copies already bearing the name LAPTOP are circulating on several networks, including one present on Base since June. Without an official contract address, any LAPTOP token traded before the announced launch on September 9 should therefore be treated with utmost caution.
Initial volumes, the distribution of airdrops, and the attitude of platforms will help measure the real reception of the project. One thing is already clear: two years after the euphoria around political memecoins, the environment is much less favorable.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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.
Bitcoin treasury Strategy has halted stacking sats — again.
Just one week after resuming its bitcoin buying following a 10-week hiatus, the Nasdaq-listed company has put its BTC purchases on hold again.
Instead, the firm continued buying back its stock, repurchasing $176 million of STRC and increasing the size of its digital credit securities repurchase program from $1 billion to $2 billion, according to a Tuesday regulatory filing and announcement from founder and chairman Michael Saylor.
The company still holds 845,050 bitcoins worth over $66 billion at today’s prices and $6.5 billion in dollar reserves. The bitcoins were bought at an average price of $63.73 billion, according to Tuesday’s filing.
Strategy shares (NASDAQ: MSTR) were trading more than 3% lower Tuesday morning in New York.
The company paused its bitcoin buys in June, instead focusing on building a cash buffer, buying back its stock and even sometimes selling some of its holdings.
Strategy has defended its bitcoin sales, with CEO Phong Le saying that the company now has a “bullet-proof balance sheet” because of the move, and that it was the “right trade at the time” to sell when it did.
In the company’s quarterly earnings in July, Strategy posted a $8.22 billion loss. But Le reassured investors that the firm’s current paper loss was nothing to worry about.
“We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation,” Le said.
Strategy — formerly MicroStrategy — is an enterprise software company that pivoted to buying and holding bitcoin in 2020.
It first bought the cryptocurrency to protect its shareholders from inflation. Since then, it has aggressively bought the asset and pivoted to being a bitcoin treasury.
Investors can now buy its shares to get heightened exposure to the cryptocurrency, or get paid a yield via its digital credit products.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
CoinCorner spustil pro britské zákazníky Bitcoinový úschovný Vault s ročním poplatkem 1,5 % a pojištěním od Lloyd’s. Přístup ke klíčům je rozdělen mezi CoinCorner a AnchorWatch, takže ani jedna firma nemůže Bitcoin sama přesunout.
CoinCorner has launched a Bitcoin custody service for UK customers that charges a 1.5% annual fee and uses keys held separately by CoinCorner and AnchorWatch.
Summary
CoinCorner and AnchorWatch each control a key, preventing either company from moving customers’ Bitcoin alone. Lloyd’s of London underwriters cover key loss and unauthorized access involving Bitcoin held in Vault. Customers can add or remove funds without a long-term commitment and set custom identity checks. CoinCorner’s crypto services remain outside FCA regulation and are not protected by the UK’s FSCS. CoinCorner said its new Vault uses multi-signature technology to divide control of customers’ Bitcoin between two companies operating in different jurisdictions. CoinCorner holds one key, while insurance and custody provider AnchorWatch holds the other.
Neither company can independently approve a transfer from the Vault, according to CoinCorner’s support documents. Requiring multiple keys removes the single point of control found in a conventional custodial wallet, where one company can authorize transactions on its own.
Bitcoin held through the service is insured under a policy underwritten through the Lloyd’s of London market. CoinCorner said the cover applies to losses caused by lost keys and unauthorized access, although specific policy conditions and exclusions have not been published on the product page.
Customers can also set their own identity checks, which must be completed before a transaction can proceed. The available controls allow account holders to add verification steps that match their security needs, with CoinCorner’s support team handling the setup.
CoinCorner Vault charges a 1.5% annual fee Vault costs 1.5% per year, with CoinCorner calculating and billing the fee monthly. The company charges customers on the first day of each month based on the amount of Bitcoin recorded in their Vault at that time.
No long-term commitment is required, and users can move Bitcoin into or out of the product. Withdrawals return funds to a customer’s standard CoinCorner Bitcoin balance, which the company describes as an instant process.
Deposits follow a different monthly schedule. According to CoinCorner’s Vault guidance, Bitcoin added after the first day of a calendar month does not enter the recorded Vault balance until the following month. The company says any Bitcoin remaining within Vault after a withdrawal continues to be insured.
CoinCorner also says it does not lend out or otherwise use Bitcoin placed in the service. The product therefore differs from interest-bearing crypto accounts, where a platform may deploy customer assets through loans or other transactions in return for yield.
Vault does not advertise a return on deposited Bitcoin. Customers instead pay for the custody structure, transaction controls, and insurance attached to assets held within the product.
Multi-signature custody splits control between two firms Multi-signature wallets require more than one private key to approve a Bitcoin transaction. Under CoinCorner’s setup, the relevant keys are held by independent entities rather than stored by a single platform.
AnchorWatch provides the second part of that arrangement through Trident, its Bitcoin custody infrastructure. The AnchorWatch platform uses Bitcoin scripts and time locks to apply security, recovery, and governance rules at the protocol level.
Time locks can make an alternative method of moving funds available after a specified period when a key is lost or a participant becomes unavailable. AnchorWatch says the design allows recovery conditions to be built into a vault without giving one party immediate control over the Bitcoin.
The US company is also a Lloyd’s coverholder, which allows it to arrange policies backed by underwriting capacity in the Lloyd’s market. AnchorWatch says its other custody products can obtain as much as $100 million of cover per vault, while institutional customers may seek limits of up to $500 million. CoinCorner has not disclosed the limit attached to its UK Vault product, so figures advertised for AnchorWatch’s other services should not be treated as the coverage available to every CoinCorner customer.
AnchorWatch separately offers a three-institution custody configuration involving AnchorWatch, BitGo, and CoinCorner. Its website describes that product as a two-of-three wallet, meaning two institutions must sign a transaction. CoinCorner’s UK-facing documents describe Vault as a two-entity service in which CoinCorner holds one key and AnchorWatch holds the other.
Insurance does not provide FSCS protection The private insurance attached to Vault is separate from the protection provided through the UK’s Financial Services Compensation Scheme.
CoinCorner states in its legal notice that investments in cryptoassets through its platform are not regulated by the Financial Conduct Authority. Customers also cannot take complaints about the crypto service to the Financial Ombudsman Service, while their Bitcoin is not eligible for FSCS protection.
The distinction matters because private policies cover named events under agreed terms and exclusions. CoinCorner identifies lost keys and unauthorized access as covered events, but its public Vault material does not say that the policy protects customers from a fall in Bitcoin’s price, insolvency, or every possible operational loss.
CoinCorner Ltd is based in the Isle of Man and is registered with the Isle of Man Financial Services Authority under the Designated Business Act 2015. The company is also registered with the Isle of Man Office of Fair Trading as a moneylender.
Its electronic money and payment services have a separate structure. CoinCorner acts as a distributor for Mercury Foreign Exchange Limited, an FCA-authorized electronic money company, but the authorization attached to those payment services does not extend FCA protection to CoinCorner’s cryptoasset products.
Founded in 2014, CoinCorner says it serves more than 350,000 users across 15 markets. The company previously entered the UAE market through a 2022 partnership with Dubai-based Seed Group covering Bitcoin trading, storage and payment services.
UK crypto custody faces new FCA rules in 2027 CoinCorner has introduced Vault as the UK prepares to place crypto custody under a full authorization system.
As crypto.news reported in June, the FCA’s new cryptoasset regime is scheduled to take effect on Oct. 25, 2027. The rules will cover custodians, trading platforms, stablecoin issuers, staking providers and other intermediaries.
Firms seeking to conduct regulated crypto activities will have an application window running from Sept. 30, 2026, through Feb. 28, 2027. Existing registrations under the UK’s anti-money laundering rules will not automatically become authorizations under the new Financial Services and Markets Act framework.
The regulator plans to apply requirements covering custody, capital, operational resilience, disclosures, market conduct and consumer protection. Companies may also need to show that they can withstand market stress and maintain financial resources against risks carried on their balance sheets.
In August, US trading platform Robinhood secured FCA registration under the existing anti-money laundering system before the new framework takes effect. More than 50 companies were listed on the FCA’s cryptoasset register at the time, including Kraken, Ripple, BlackRock and BNY.
For American customers, AnchorWatch advertises a separate multi-institution service using a two-of-three arrangement with CoinCorner and US custodian BitGo. Its website says insurance for that configuration is optional for US users, with indicative pricing beginning at $4,000 for every $1 million of coverage and final premiums subject to underwriting review.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ripple CTO Emeritus and XRP Ledger chief architect David Schwartz has revealed the operational metrics of his private hub — essentially a major relay server through which other network nodes communicate.
The telemetry covers the period from August 25 to September 8, and validators' interest in it is no coincidence: this is one of XRPL's key nodes. The Ripple veteran's verdict is that the system has fully recovered from the recent crisis and is operating with rock-solid stability, or, as Schwartz himself put it, "Rock Solid."
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For the ecosystem, this publication is more than just a set of dry charts — it is a long-awaited seal of approval. Just over a month ago, on July 31, the XRPL network suffered a serious infrastructure crisis.
How one spam attack nearly overloaded the XRP network and why its creator had to personally prove that everything had been fixedAnonymous attackers launched a so-called "manifest storm." A manifest is the digital credential of a validator node, and the attackers flooded the network with thousands of fake credentials, forcing nodes to spend resources processing garbage.
At the time, Schwartz's hub suffered widespread connection failures with an onReadMessage error directly at the agreement stage — the point at which nodes compare the state of the ledger with one another. However, block finalization and consensus itself were not interrupted for even a minute, and the incident was resolved through emergency engineering intervention without shutting down the network.
XRPL Hub Server peer latency metrics from August 25 to September 8, 2026, Source: David SchwartzDevelopers had to rush out the xrpld 3.2.1 hotfix. It limited manifest sizes and reworked data caching for unknown nodes so that the system would no longer waste resources on suspicious participants. A month later, Schwartz presented the first results of the patch under real-world conditions.
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The latest charts prove that the consequences of the attack have been completely eliminated. The hub reliably maintains around 400 simultaneous connections, peaking at 423, including 135 inbound and 271 outbound connections. Latency — the response time between nodes — fell to 165 milliseconds.
The only anomaly was a one-off spike to 1.49 seconds on September 6, but the algorithms contained it without affecting consensus. Connection drops remained at 84.6 incidents per five-minute interval — a normal background rate rather than a sign of trouble. The malicious activity metric, labeled "Abuse," fell to nearly zero, as the updated protection now filters out almost all garbage traffic.
In essence, this is not a routine uptime report for a single server, but a public audit of the updated xrpld software under real-world load. It confirms that XRPL's infrastructure is ready for long-term, stable operation.
Flare Networks has introduced a new utility for XRP by enabling it to earn yield through vaults, converting it into FXRP. This development allows XRP holders to deploy their assets for earning, expanding its use beyond simple transfer and exchange activity. The introduction of this feature is consistent with an increase in XRP’s utility, potentially influencing its market dynamics positively. As of early September 2026, XRP maintains a price around $1.35 and continues to hold a significant presence in the cryptocurrency market.
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Key Takeaways Flare Networks’ initiative suggests a new utility for XRP, potentially influencing market dynamics positively. The capability to earn yield on XRP through FXRP is consistent with expanding its use in decentralized finance. Market pricing suggests this development could impact XRP’s likelihood of reaching an all-time high by 2026. What to Watch The introduction of FXRP by Flare Networks may influence market sentiment regarding XRP’s price trajectory. Key developments to monitor include any statements from Ripple’s CEO Brad Garlinghouse, or regulatory shifts involving the U.S. SEC. Additionally, indicators such as ETF approvals or significant inflows and outflows in XRP-related markets could play a critical role in shaping XRP’s future price potential. Market participants will likely be attentive to any major announcements from influential financial institutions that could impact XRP’s adoption and usage.
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Term Structure
Contract Odds Δ since publish Volume 24h September 30, 2026 0.9% — — View market → December 31, 2026 5.1% — — View market →
BitMine Immersion Technologies has made another large Ethereum buy, acquiring a total of 28,086 ETH in the past week. Meanwhile, Chairman Tom Lee remains bullish on the future of ETH price after the recent rally.
BitMine Expands Ethereum Treasury With $70 Million Buy The latest acquisition would be valued at around $70 million at the average price of ETH around $2,495. The acquisition is expected to add 5,929,198 ETH to the company’s current holdings, bringing its total ETH stake to 5% of the network’s supply, as it continues to work towards reaching this target.
The company claimed that its Ethereum treasury now accounts for 4.9% of the estimated total ETH supply of 122 million as of Sept. 7. In addition to its crypto holdings, cash, and marketable securities, BitMine’s total assets are approximately $15.7 billion, which also includes strategic investments.
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1/
BitMine provided its latest holdings update for September 8, 2026
$15.7 billion in total crypto + "moonshots":
– 5,929,198 ETH at $2,495 per ETH per ETH per ETH (per @coinbase)
– 211 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $91 million stake in…
— Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) September 8, 2026
Whilst, Lee said that the company has been buying for a long time since it announced the Ethereum treasury plan in June 2025. He noted, “Over the past week, we acquired 28,086 ETH.”
Lee further noted that BitMine has been buying Ethereum since the strategy was initiated, once a week. He said the firm’s build-up is unmatched in terms of its record among publicly listed companies.
The company also revealed that over 5.06 million ETH is currently staked on its Made in America VAlidator Network (MAVAN). Those staked holdings are worth approximately $12.6 billion based on current prices. When it comes to staking revenue, BitMine estimates that it will generate approximately $330 million in annualized revenue based on the current yield.
Tom Lee On The Future of Ethereum, Crypto Market Lee highlighted the strong results in digital assets this quarter. He said Ethereum has been the top-performing macro asset in Q3 2026, beating the S&P 500 by 5,430 basis points. He also pointed out that Bitcoin and Solana are two of the top-performing assets over the past quarter.
Lee further added, “We believe there are multiple positive catalysts as we head into the final months of 2026.”
In addition, Lee underscored upcoming voting on the CLARITY Act in mid-September, rising investor enthusiasm for cryptocurrencies in South Korea and ongoing interest in blockchain tokenization and agentic AI as factors that could fuel the market.
Additionally, BitMine stated that its common stock is up 99% this quarter, the fourth-best performing stock in the Russell 1000, and noted that its common stock has a 14.98% yield. In June, the company joined the Russell 1000 large-cap index, and the crypto segment holds four of the index’s top 21 performers this quarter, the company said.
Harmony navrhuje ukončit vlastní blockchain a přesunout ONE na Ethereum, přičemž emisi má přesměrovat do AI video byznysu. Uživatelé mají před 10. zářím opustit smart kontrakty, protože onchain aplikace a pooly likvidity se nepřesunou.
The plan would snapshot ONE at the final block and redirect emissions to an AI video business, but Harmony urged users to exit smart contracts before Sept. 10 because onchain apps and liquidity pools will not migrate.
Harmony has proposed fully sunsetting its blockchain after seven years and migrating its native ONE token to Ethereum, with holders receiving new ONE through a final-block snapshot and airdrop. Token emissions would be redirected to a new business the team calls the “Remix Economy for AI Video.”
Under the proposal, the snapshot would cover ONE held in user wallets, staking delegations, validator rewards, smart contracts and centralized exchanges. New tokens would be airdropped to the same wallet addresses on Ethereum without a separate claim process, while delegated stakes and unclaimed rewards would go to individual governor vaults.
The transition creates a Sept. 10 deadline — Thursday — for users with ONE deployed onchain. Harmony said multisig safes, liquidity pools and apps cannot be migrated, and urged users to exit all smart contracts before that date. Validators may begin shutting down nodes on Sept. 10.
Harmony attributed the proposal to security risks, saying “the threats posed by state actors and AI agents are too great.” The notice describes the proposal as non-binding and says all plans are subject to change.
What Harmony Is Pivoting ToHarmony said newly issued tokens would fund a video platform in which creators publish open prompts and assets that others can fork, with AI agents generating additional clips from each remix. “Tokens issued through emissions will now be allocated to our new mission,” the team said, adding that it would take “governor feedback.”
The team said it would “bootstrap this economy with creators and operators who make AI videos,” and that “advertising could generate tens of millions of dollars from a million users.” Harmony did not publish user numbers or a launch date for the platform.
Harmony said ONE’s total supply and emission rate would remain unchanged after the move. The project also said it would publish the ERC-20 contract, governor-vault contract, snapshot calculations and airdrop scripts for public audit.
Exchange Gap Narrowed to 6.58B ONEThe proposal lands while Harmony is still reconciling the August incident that prompted it. In a separate update, Harmony said the exchange-related ONE gap tied to the Aug. 11 incident had been adjusted to 6.581 billion from about 10.234 billion.
Harmony said the revision followed reconciliation with Binance, Binance.US, Gate, KuCoin, MEXC and OKX, and came from matching 295 cross-exchange transfers totaling roughly 3.493 billion ONE and accounting for circular transfers. The team said the reduction “does not equate to newly recovered funds,” and that Binance data remained provisional while some Gate and OKX figures awaited verification.
Harmony said exchanges had frozen ONE balances and proceeds linked to the attacker, and that “the current priority is to coordinate the resumption of ONE deposits, withdrawals, and trading as soon as possible.” Each exchange would announce its own timing.
The incident prompted Harmony to patch two verification paths after reports of unauthorized ONE issuance. As The Defiant reported, Harmony asked exchanges to block four wallets, paused its bridge and evaluated rollback options. Harmony did not confirm onchain account Juiceberg’s claim that four billion unauthorized ONE had been created.
Current Network FootprintHarmony’s staking dashboard showed about 3.04 billion ONE staked across the network, with an effective median stake of 6.83 million ONE. The chain had $146,337 in decentralized finance total value locked and $4,611 in 24-hour DEX volume, according to DefiLlama, which lists the chain as deprecated. Chain fees over the same period were $2.35.
ONE traded at about $0.00071, down 1.3% over 24 hours and 2.3% over the week, for a market capitalization near $10.6 million, according to CoinGecko. The token reached $0.379 in October 2021.
Validator TermsFor validators, Harmony set aside a $1.372 million transition pool, which it said equals the network-wide rewards issued during the year before the Aug. 11 incident. Harmony said validators who shut down on time, sign an agreement, retain their stakes and serve as governors in its new initiative would receive compensation in four quarterly installments.
Cardano vydává node 11.1.1 jako první ze čtyř milníků pro hard fork Dijkstra. Aktualizace odstraňuje starý tracing, řeší známé problémy kolem Genesisu a také zvýšené využití paměti zjištěné při testování node 11.1.0.
Cardano released node version 11.1.1 ahead of its next major network era, completing the first of four planned node milestones supporting the Dijkstra hard fork.
Summary
Cardano node 11.1.1 has shipped, removing legacy tracing and addressing known Genesis-related operational issues. Node 11.2 will open most Dijkstra features for testing while excluding Leios consensus components initially. DijkstraNet is expected after node 11.2 for Plutus V4, nested transactions and CIP-50 testing publicly. Intersect’s moderate-confidence hard-fork window runs December 5 through January 4, pending readiness and governance approval. Peras remains planned for a separate intra-era hard fork during the second quarter of 2027. Intersect’s container registry shows that version 11.1.1 was published during the weekend ending Sept. 6. The release removes Cardano’s legacy tracing system and addresses known Genesis-related issues. It also responds to increased memory use identified during testing of node 11.1.0.
The maintenance release arrived as Intersect published a more detailed Dijkstra schedule. Node versions 11.2 and 11.3, followed by the final protocol version 12 release, will progressively introduce the code required for testing and mainnet activation.
Intersect currently places a possible Dijkstra enactment between Dec. 5, 2026, and Jan. 4, 2027, under its “moderate confidence” timeline. A later “high confidence” window runs from Feb. 24 to March 26, 2027.
Those windows remain estimates. Cardano must complete development, public testing, ecosystem preparation and on-chain governance before the hard fork can activate.
Cardano node 11.1.1 begins the release sequence Node 11.1.1 is available through Intersect’s official GitHub container registry. Intersect had previously targeted the week beginning Sept. 7, meaning the package appeared slightly ahead of that stated window.
The release does not activate the Dijkstra era or introduce the full set of planned ledger features. It is a maintenance and preparation update intended for current mainnet use.
Version 11.1.1 removes the older tracing infrastructure used to monitor node operations. Cardano’s development reporting also said it would address higher resident memory use observed in node 11.1.0 benchmarks.
The release registry includes standard, AMD64 and ARM64 versions. Availability across different processor architectures is relevant for stake pool operators and developers running Cardano infrastructure on varied hardware.
Node 11.2 is the next planned milestone. Intersect expects it within about one month of its Sept. 5 update. The version will contain most of the Dijkstra feature set for testing, but it will not be the final hard-fork candidate.
Leios components will be absent from node 11.2 because they primarily concern consensus and block production. Developers should still be able to test the remaining Dijkstra ledger and transaction features.
DijkstraNet will test Cardano’s new transaction features Intersect plans to launch a public network called DijkstraNet after node 11.2 becomes available. The testnet will let developers, stake pool operators and tooling providers test the broader protocol version 12 feature set.
DijkstraNet is expected to include Plutus V4, Nested Transactions and CIP-50 parameters. Other ledger changes tracked in Cardano’s public development repository include new script types, address changes, block-body serialization revisions and changes to reward withdrawals.
Nested Transactions would allow one Cardano transaction to contain other transactions while preserving separate validation conditions. This structure could support more complex applications, coordinated actions and multi-party workflows without requiring every step to operate as an unrelated transaction.
Plutus V4 represents the next version of Cardano’s smart-contract language and execution environment. Testing will be needed to confirm that wallets, decentralized applications, indexers and developer tools correctly interpret the new ledger rules.
CIP-50 concerns pledge leverage and staking rewards. Its inclusion means stake pool operators will need to examine how new parameters could affect incentives and pool economics before mainnet activation.
The official Dijkstra readiness tracker remains open and marked as work in progress. It will close only after developers prepare a node capable of completing the hard fork into a functional Dijkstra era.
DijkstraNet will operate alongside MusashiNet rather than replacing it. MusashiNet is already live and concentrates on Leios, consensus and block-production testing.
This separation allows ledger features and the new consensus architecture to progress in parallel. Results must eventually converge in the node version selected as the hard-fork candidate.
Node 11.3 will combine Dijkstra with Linear Leios Cardano node 11.3 is expected within one to two months, according to Intersect’s Sept. 5 update. It is intended to become the Dijkstra hard-fork release candidate.
Unlike node 11.2, version 11.3 is expected to contain the full Dijkstra feature set, including Linear Leios. It should also be capable of crossing from the current Conway ledger era into Dijkstra during test-network rehearsals.
What does Dijkstra ask of you now?
Good news, there is time to find out and prepare
properly.
Weekly Update #127: inc the node roadmap, what SPOs, developers and DReps can do now, and more…https://t.co/quIAO5zMU0
— Intersect (@IntersectMBO) September 7, 2026 Linear Leios is Cardano’s planned first-stage implementation of Ouroboros Leios. It adds parallel transaction-processing structures around the existing Praos consensus design. The goal is to increase throughput without replacing the security assumptions of Cardano’s base chain.
Testing must examine more than raw transaction capacity. Developers need to evaluate block propagation, network bandwidth, resource use, synchronization, recovery behavior and performance under adverse conditions.
Cardano node 12.0 will become the definitive protocol version 12 release under the project’s naming convention. Intersect has not assigned a publication date.
Intersect described the December-to-January period as a “moderate confidence” window, not a guaranteed activation date.
The organization’s later window, running from Feb. 24 to March 26, allows more time for testing and governance if the earlier schedule cannot be met. Neither window is a fixed hard-fork date.
As previously reported when Cardano published its phased Dijkstra roadmap, the year-end target originally referred partly to code completion. Mainnet activation remains conditional on technical readiness and community approval.
Governance must approve Cardano’s Dijkstra hard fork Cardano cannot activate Dijkstra solely through a software release. The network’s on-chain governance system must approve the constitutional and hard-fork actions required for protocol version 12.
Some new Dijkstra parameters need to be incorporated into the Cardano Constitution’s guardrails before governance can modify them. Intersect has asked participants to monitor its Constitutional Amendment Portal for related proposals.
A constitutional change requires approval under Cardano’s governance rules. A separate hard-fork initiation action must then obtain the required support from delegated representatives, stake pool operators and the Constitutional Committee.
This process was tested during the van Rossem hard fork. As crypto.news reported following its July activation, van Rossem moved Cardano to protocol version 11 after completing the network’s full on-chain approval process.
Van Rossem remained within the Conway era but added Plutus changes and prepared technical foundations for Dijkstra. It was Cardano’s first mainnet hard fork enacted entirely through the current governance framework.
The Dijkstra transition will be broader because it changes the ledger era and introduces more extensive consensus, transaction and smart-contract capabilities. Exchanges, wallets, explorers and decentralized applications must be ready before activation.
Intersect is encouraging stake pool operators and developers to join MusashiNet and DijkstraNet testing. It has also scheduled node-diversity workshops in Singapore on Oct. 6 and London on Nov. 13 and 14.
Amaru, an alternative Cardano node written in Rust, forms another part of that preparation. It can already validate and synchronize with the chain tip, while mainnet block production remains targeted for November 2026.
Node diversity could reduce the network’s reliance on a single Haskell implementation. It also creates another testing requirement because alternative clients must interpret the protocol rules consistently.
Peras remains a separate 2027 upgrade Cardano’s Dijkstra plan has two phases. Phase 1 covers the era transition, Nested Transactions and Linear Leios. Developers are targeting mainnet readiness around the end of 2026, subject to testing and governance.
Phase 2 will activate Ouroboros Peras through a separate intra-era hard fork. Intersect currently targets the second quarter of 2027.
Peras adds stake-based voting on recent chain tips to accelerate settlement. The design aims to provide stronger confirmation sooner than relying only on the normal chain-depth rules of Ouroboros Praos.
Phase 1 will install some of the codecs and protocol parameters needed for Peras. It will not activate the finality mechanism itself. Peras will require its own testnet deployments, readiness checks and governance action.
No verified ADA price movement could be attributed solely to the node release or Intersect’s revised windows. The roadmap provides measurable technical milestones, but the final activation date remains dependent on development and governance.
The next checkpoints are the adoption of node 11.1.1, release of node 11.2, public opening of DijkstraNet and publication of the required constitutional amendments. Node 11.3 will then determine whether Cardano is technically ready to rehearse the full era transition.
FAQs What is the Cardano Dijkstra hard fork? Dijkstra is Cardano’s planned transition to protocol version 12. It will introduce a new ledger era, Nested Transactions, Plutus V4 changes and Linear Leios.
Has Cardano node 11.1.1 been released? Yes. Intersect’s official GitHub package registry shows version 11.1.1 was published before the week beginning Sept. 7.
When will DijkstraNet launch? Intersect expects DijkstraNet after node 11.2. The node is targeted within about one month of the organization’s Sept. 5 update.
When will Cardano activate Dijkstra? Intersect’s earlier estimated window runs from Dec. 5, 2026, to Jan. 4, 2027. Its higher-confidence window runs from Feb. 24 to March 26, 2027. Neither is guaranteed.
Is Peras included in the first Dijkstra hard fork? No. Phase 1 will prepare some required structures, but Peras activation is planned through another hard fork in the second quarter of 2027.
Tether koupil zhruba 70% podíl v Adecoagro za 600 milionů USD a rozšířil tak své rezervy o zemědělskou půdu vedle zlata a Bitcoinu. Firma zároveň plánuje využít obnovitelnou energii z farmy pro těžbu Bitcoinu.
Tether, the issuer of the world’s largest stablecoin, has spent $600 million buying majority control of a South American farming conglomerate, adding land to a reserve strategy that already includes billions in gold and Bitcoin (BTC).
The move follows a clean audit from KPMG, one of the Big Four accounting firms. However, Tether’s own reserve buffer has since fallen 40%, raising questions about its scarce-asset hedges.
Farmland Joins Gold and Bitcoin in the Reserve MixTether acquired roughly 70% of Adecoagro, a Nasdaq-listed agribusiness farming more than 200,000 hectares across Argentina, Brazil, and Uruguay. The deal grew to about $600 million in September 2025, and followed an initial $100 million stake bought in 2024.
Analysts have described the acquisitions as diversification, following the same logic behind Tether’s gold and Bitcoin holdings. Tether itself has called those assets a hedge against dollar debasement and inflation. It also plans to use the farmland’s renewable energy to power Bitcoin mining.
Ardoino describes Tether as “probably the largest owner, land owner in South America,” noting the agribusiness runs hundreds of thousands of sheep and cattle and produces milk and rice. He framed the holding as part of the same logic driving Tether’s gold and Bitcoin positions — a hedge against systemic instability rather than a conventional investment.
“This is when we think about the stability of the world that has to come through real tangible assets,” he said, adding that Tether has to remain “a company that survived to the worst case scenario.”
Tether’s Business Also Include US Treasuries.Meanwhile, Tether remains one of the world’s largest holders of US Treasuries. Its exposure last stood at roughly $141 billion, disclosed in its first-quarter 2026 attestation. That leaves the company betting on scarce, hard assets. Yet it still anchors most of its balance sheet to the very currency it hedges against.
KPMG’s first full audit confirmed reserves exceeded liabilities by $6.8 billion at the end of 2025. Tether CEO Paolo Ardoino called the result a clean audit, the strongest opinion an auditor can issue. However, Tether has not published the underlying audited statements.
Wen Tether audit? nOw.
Today Tether announces its first full financial audit for Tether International, conducted by KPMG U.S. which resulted in an unqualified clean opinion, marking the highest result possible.
An unqualified opinion is the best possible audit opinion an… pic.twitter.com/quav6uUIhy
— Paolo Ardoino 🤖 (@paoloardoino) August 13, 2026
Tether’s own June attestation, a quarterly reserve snapshot reviewed by BDO, put that same buffer at just $4.1 billion. That is a drop of roughly 40% in six months, driven largely by unrealized losses on gold and bitcoin.
Those are the very assets meant to protect Tether’s balance sheet. Farmland adds a further complication, since land cannot be sold quickly if Tether ever needs cash fast.
Whether Tether’s scarce-asset strategy ultimately strengthens its position or adds new risk remains unclear. KPMG’s full report, still unpublished, could settle that question once it reaches the public.
Pyth Pro a Pyth Indices jsou nyní na Stellar a přinášejí 24/7 oceňování pro tokenizovaná aktiva v ekosystému s více než 4 miliardami USD v RWA. To má pomoci s oceňováním kolaterálu, řízením rizika i účetnictvím mimo obchodní hodiny.
Stellar now hosts more than $4 billion in tokenized real-world assets. Those assets move on infrastructure that stays online around the clock. The markets they represent often do not.
That creates a specific pricing problem. A tokenized asset can remain transferable onchain while the underlying cash market is closed. Applications still need a price to value collateral, manage risk, account for vaults, and support trading.
Pyth Pro and Pyth Indices are now live on Stellar. Pyth Indices extend pricing beyond the sessions of the underlying market, while Pyth Pro gives builders access to low-latency market data across asset classes.
Pyth IndicesPyth Indices are constructed products that provide 24/7 pricing for assets whose underlying markets follow exchange hours. The catalog includes indices for Brent, natural gas, copper, and oil, alongside single-name equity indices for AAPL, NVDA, TSLA, MSTR, GOOGL, MSFT, MU, and SPCX.
On Stellar, a perpetuals market or vault can continue marking equity-linked and commodity exposure through weekends and holidays, when the cash market is closed. Collateral values, risk controls, and portfolio accounting can continue updating instead of waiting for the next session open.
Pyth ProFor builders that need live data across asset classes, Pyth Pro offers more than 3,500 listed feeds across equities, futures, ETFs, commodities, FX, crypto, and fixed income. The live catalog includes more than 1,000 U.S. equity feeds and more than 50 commodity and metal feeds, with delivery channels supporting updates as fast as 50 milliseconds.
Feeds are sourced directly from trading firms, exchanges, market makers, and banks contributing first-party data to Pyth. Coverage follows each market’s schedule: supported U.S. equities can run 24/5, crypto runs continuously, and commodities and FX follow their respective market sessions.
Built for Stellar’s RWA EconomyStellar’s RWA ecosystem already shows where this infrastructure matters. Centrifuge’s deRWA launch on Stellar introduced deJTRSY and deJAAA, with Blend named as a lending and borrowing partner. As tokenized funds become composable across Stellar DeFi, continuous pricing becomes an important part of the infrastructure needed to use them as collateral and build products around them.
The same data layer can support Stellar payment applications that need live FX quotes and vaults that hold diversified, multi-asset portfolios.
Getting StartedAccess Pyth Pro and Pyth Indices through the Pyth Terminal. Browse the feed catalog, compare Pyth prices with external sources, and start a 14-day free trial.
For integration details, see the Pyth Pro documentation for Stellar
Monad’s API Hub nabízí 66 služeb s platbou za každý požadavek v USDC, přičemž ceny se pohybují od 0,01 do 7,50 USD za volání. Systém stojí na protokolu x402 v2 a automaticky zajišťuje on-chain vypořádání.
Monad’s API Hub hosts 66 active services from independent providers, all accessible through pay-per-request micropayments. Prices range from $0.01 to $7.50 per endpoint call, with analytics heavyweight Nansen contributing 83 different endpoints alone.
At the core of the system sits the x402 v2 protocol, an open standard for internet-native payments that turns every API call into a tiny financial transaction. When a developer or an autonomous AI agent makes a request, the x402 facilitator on Monad handles verification and on-chain settlement automatically. The protocol operates on Monad’s mainnet (chain ID eip155:143) and its testnet.
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Payments settle exclusively in USDC, Circle’s dollar-pegged stablecoin. Monad’s mainnet launched on November 24, 2025, with native USDC support and developer tools from Circle baked in from day one. The blockchain targets sub-second finality and up to 10,000 transactions per second.
Autonomous AI agents need programmatic access to information but traditional API marketplaces require account creation, email verification, credit card entry, and key management. Pay-per-request with USDC strips all of that friction away. At $0.01 per call on the low end, an agent could make 100 requests for a dollar, pulling on-chain analytics from Nansen or other providers without any pre-existing relationship.
The Monad Foundation joined the x402 Foundation on June 29, 2026, placing it alongside Coinbase, Circle, and Cloudflare as contributors to the open payment standard. The x402 Foundation’s goal is standardization: if multiple blockchains and service providers adopt the same protocol for pay-per-request transactions, developers write integration code once and it works everywhere.
The competitive landscape for blockchain data APIs includes established players like Dune Analytics, The Graph, and various RPC providers, most of which still rely on traditional subscription models. Sixty-six services is a decent starting catalog, and Nansen’s 83 endpoints provide genuine analytical depth. The pricing transparency, with costs visible per endpoint rather than buried in enterprise tier structures, is a distinguishing feature for developers managing usage costs.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle se dohodla na akvizici singapurské platební firmy Tazapay, aby posílila globální platební infrastrukturu a adopci USDC. Uzavření se očekává v roce 2027 a čeká na regulatorní souhlas, včetně od MAS.
Circle has agreed to acquire Tazapay, a Singapore-headquartered B2B cross-border payments company, as the USDC issuer seeks to expand its global payments infrastructure and increase stablecoin adoption.
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The transaction, which is expected to close in 2027 pending regulatory approvals including from Singapore’s Monetary Authority, will bring Tazapay’s banking relationships, local payout infrastructure and institutional customer base into Circle. Tazapay supports payments across more than 100 markets, works with over 60 banking and fintech partners and has more than $25 billion in annualized payment volume, with stablecoins accounting for about 60% of transactions.
Circle said the acquisition will strengthen its ability to move money globally around the clock and help make USDC a default payment rail for cross-border commerce. Tazapay customers will continue to receive their existing services, APIs, pricing and support without disruption.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance 11. září 2026 ve 03:00 UTC vyřadí spotové páry OPEN/FDUSD, SAGA/FDUSD a VELODROME/USDC kvůli nízkému objemu. Samotné coiny OPEN, SAGA a VELODROME na burze zůstanou obchodovatelné v jiných párech.
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a scheduled delisting of three low-activity spot trading pairs: OPEN/FDUSD, SAGA/FDUSD, and VELODROME/USDC. The removal will take effect on September 11, 2026, at 03:00 UTC, as part of Binance’s ongoing efforts to refine its spot market offerings and optimize liquidity across the platform.
Routine trading pair removalThe exchange periodically reviews the trading activity and liquidity of all available pairs to ensure a high-quality trading environment. Binance stated that pairs attracting minimal trader interest are removed to prevent order book congestion and to direct more liquidity toward active markets.
Such assessments are part of Binance’s standard market hygiene, aiming to ensure that resources are focused on pairs that consistently demonstrate demand and depth. The trend of regularly retiring underperforming trading pairs has become customary for the platform.
Despite the removal of these specific pairs, Binance clarified that the underlying coins—Open Platform (OPEN), Saga (SAGA), and Velodrome Finance (VELODROME)—will remain tradable in other pairs on the exchange.
Binance emphasized that the delisting affects only select trading pairs and that users can continue to access these digital assets through alternative pairs such as USDT or BTC.
Impact on traders and liquidityTraders are not expected to experience disruptions in owning or moving their assets, as the action does not represent a full project delisting. Alternative trading pairs will continue to allow buying and selling of these coins, with more active pairs typically offering tighter spreads and greater liquidity.
Binance recommended that users monitor their automated trading tools, especially Spot Trading Bots and Grid Trading Bots, as active bots linked to these pairs will automatically be terminated once trading ceases. Traders using grid bots should check open orders before the deadline to avoid unexpected executions or potential slippage.
“There is no need to panic or start selling. This concerns only the removal of specific pairs with the FDUSD and USDC stablecoins, not the complete delisting of the projects themselves. The coins will remain available on the platform.”
Market data reveals limited activityRecent trading data highlights why these pairs were selected for delisting. Trading volumes for FDUSD pairs with mid-cap altcoins such as OPEN, SAGA, and VELODROME now account for just 0.06% to 0.14% of FDUSD’s overall volume. Daily turnover for these pairs rarely exceeds $100,000 to $300,000, as reported by CoinMarketCap, indicating minimal user activity.
PairDaily Volume% of FDUSD VolumeOPEN/FDUSD$100,000–$300,0000.06%–0.14%SAGA/FDUSD$100,000–$300,0000.06%–0.14%VELODROME/USDC$100,000–$300,0000.06%–0.14%The declining liquidity in these spot markets has led Binance to streamline its offerings and focus the platform’s resources on markets that maintain active trader participation and stronger order books.
In addition, Binance began directing liquidity towards the United Stables (U) ecosystem. This move aims to further consolidate trading activity and allow more efficient price discovery on the BNB Chain.
Mini dictionary: United Stables (U) ecosystem, a stablecoin-focused platform operating on the BNB Chain that groups multiple stablecoin pairs for improved liquidity and unified trading infrastructure.
Circle přidal do CCTP Fast Transfers možnost platby poplatků předem, takže uživatelé dostanou přesně odeslané USDC a integrátoři mohou vybírat poplatky v nativním tokenu zdrojového řetězce nebo v USDC.
CCTP now supports upfront fee payment for Fast Transfers. Instead of deducting protocol fees from transferred USDC on the destination chain, developers can now quote and collect fees upfront in either the source chain’s native gas token or USDC. As a result, developers can simplify fee handling for crosschain transfers and users receive the intended USDC amount.
Predictable transfers and streamlined fee handlingBy handling fee collection before transfer execution, this update to CCTP Fast Transfers addresses three core challenges for crosschain applications:
Predictable Transfer Amounts: End users receive the expected amount of USDC sent, eliminating destination-side fee deductions and unexpected net outputs in payment or wallet workflows.One Bundled Quote via Quote API: The Quote API abstracts fee calculations across supported chains, bundling Fast Transfer and Forwarding fees into a single quote. Integrators no longer need to build custom infrastructure to calculate multiple protocol fees independently.Flexible Fee Collection: Fees can be collected in the source chain's native token without eroding or touching the underlying USDC balance being transferred.How to get startedUpfront fee payment is available now for USDC transfers across all EVM chains supported by CCTP. While transfers originating from Solana are not currently supported, transfers to Solana are supported.
To implement upfront fee payment, integrators can query the Quote API to retrieve fee quotes.
Explore the CCTP documentation to start building predictable crosschain transfer flows today.
CCTP is a crosschain messaging infrastructure service provided by Circle Technology Services, LLC ("CTS"). CCTP is non-custodial; CTS does not hold, control, manage, or transfer user assets or act as a transfer agent, registrar, broker-dealer, investment adviser, or clearing agency. CCTP is not a financial, payment, or advisory service and has not been reviewed or approved by NYDFS or any other regulatory authority. Transfers are irreversible; CTS cannot recover assets sent to an incorrect address. CTS does not vet, endorse, or back third-party assets; such assets are subject solely to the applicable third-party terms and risks. Issuers are solely responsible for their services and compliance with applicable laws. Any fee estimates are non-binding previews; actual fees may differ. Assets are subject to a number of risks, including, but not limited to, price volatility and smart-contract, relay, and bridge vulnerabilities. Availability is subject to change. Developer terms apply.
Morpho spustilo na Ethereu Midnight s pevnou sazbou pro půjčky v USDC kryté WBTC nebo cbBTC. Do Morpho Vaults s asi 5 miliardami USD zatím Midnight nepřidá, dokud nezasáhne DAO.
USDC markets backed by WBTC and cbBTC are live, while roughly $5 billion held in Morpho Vaults remains unable to enter Midnight pending DAO action.
Morpho launched its Midnight fixed-term, fixed-rate lending protocol on Ethereum on Sept. 8, expanding the product beyond Base and giving Ethereum users access to USDC loans backed by WBTC or cbBTC.
The deployment adds predictable borrowing terms for Ethereum users, but its largest potential source of capital remains blocked. Morpho Vaults, which hold about $5 billion in deposits, can still allocate only to Morpho Blue markets until the DAO enables Midnight allocations.
Morpho’s Ethereum-filtered Markets page displayed $7.41 million in total deposits and $2.63 million in outstanding loans around publication. The retained page output did not expose the individual market rows, so those displayed totals could not be broken down between the WBTC and cbBTC markets.
The practical difference from Morpho Blue is rate certainty. Blue uses open-ended loans whose rates change according to a formula, while Midnight trades credit units at market-set prices for fixed maturities. A borrower can therefore establish the financing cost in advance, and a lender can lock a return rather than remain exposed to a rate that changes every block.
Midnight lenders buy credit units below their one-to-one redemption value at maturity. Morpho’s documentation says two lenders in the same market can receive different rates because each rate is determined by the price at which the lender trades.
Morpho co-founder Merlin Egalite said the Ethereum rollout would begin with “USDC | cbBTC and USDC | WBTC markets” and expand progressively. Both collateral types are tokenized representations of bitcoin on Ethereum.
Vault Capital Remains BlockedThe launch does not yet open Midnight to Morpho Vaults, the protocol’s curated deposit products. Morpho co-founder and CEO Paul Frambot said enabling vault allocations would take one DAO transaction, but would also open the newer protocol to significant capital.
Frambot said Morpho wants curators and users to become familiar with Midnight and give the ecosystem time to develop supporting tools before enabling that route. Morpho expects vault activation in the fourth quarter.
Until the DAO acts, Midnight’s Ethereum markets must attract capital through direct offers rather than Morpho’s existing vault deposit base.
Spoluzakladatel F2Pool Chun Wang kritizoval Zcash kvůli financování, správě i modelu volitelného soukromí, zatímco ZEC po rally držel kolem 1 130 USD. CoinMarketCap jej řadil na 10. místo.
F2Pool co-founder Chun Wang criticized Zcash on Sept. 8 as ZEC traded near $1,130 following a rally that carried the privacy coin into the cryptocurrency market’s top ten.
Summary
Zcash traded near $1,130 after gaining more than 2,300% during the previous twelve months overall. F2Pool co-founder Chun Wang criticized Zcash’s funding structure, governance history and optional privacy model publicly. Zcash allocated 20% of early block rewards through its original four-year Founders’ Reward system initially. Ironwood replaced Orchard after developers disclosed a four-year vulnerability carrying theoretical hidden counterfeiting risks onchain. Developers found no evidence of exploitation but cannot cryptographically prove counterfeit ZEC never existed privately. Wang, who posts under the name Chun at @satofishi, called the move a “narrative bid.” He argued that Zcash’s funding history, optional privacy model, governance disputes and recently disclosed Orchard vulnerability did not justify its valuation.
His comments are opinions rather than evidence of wrongdoing. Several underlying events are documented, but some of Wang’s conclusions omit later changes to Zcash’s funding and privacy systems.
ZEC was trading around $1,130 when this report was prepared, down nearly 7% over 24 hours. CoinMarketCap placed its capitalization near $19 billion and ranked it tenth, while CoinGecko placed it ninth. Rankings can differ because platforms use different supply and asset-classification methods.
The token remained more than 2,300% higher than one year earlier, according to market data cited in coverage of Zcash’s move above $1,000. Its rally accelerated after Grayscale converted its Zcash Trust into a U.S.-listed spot exchange-traded fund in August.
Six years ago, a Zcash team member wrote me and kept confusing EST and EDT. Communication went nowhere, I banned their entire company.
Six years later, this is still one of the best decisions I have made.
Still remember the BlockFi incident where they were supposed to send… https://t.co/hY6H6W37pj
— Chun (@satofishi) September 8, 2026 Zcash funding criticism needs historical context Wang said Zcash did not have a fair launch because 20% of its early block rewards went to founders, employees, advisers and investors.
The underlying percentage is correct. During Zcash’s first four years, miners received 80% of each block subsidy, while the Founders’ Reward received 20%. Because that arrangement covered only the first issuance period, it represented 2.1 million ZEC, or 10% of the planned 21 million maximum supply.
The recipients included founders, investors, employees and organizations supporting development. The 2.1 million ZEC did not go exclusively to Electric Coin Company, a distinction noted in historical community discussions.
The Founders’ Reward ended with the Canopy upgrade in November 2020. Zcash then introduced a development fund that also received 20% of block rewards between the first and second halvings.
Under that arrangement, 7% went to Electric Coin Company, 5% to the Zcash Foundation and 8% to Major Grants, later renamed Zcash Community Grants. Miners continued receiving 80%.
That development fund added a maximum of approximately 1.05 million ZEC, equal to 5% of the eventual supply. Combined with the original Founders’ Reward, the two mechanisms directed up to 15% of the maximum supply toward founders, investors and different development recipients across eight years.
Wang’s description becomes less precise when applied to the present system. Since November 2024, Zcash has continued allocating 20% of block rewards for ecosystem funding, but the recipients changed.
The official Zcash network page states that 8% goes to Zcash Community Grants and 12% entered a protocol-tracked lockbox. Direct payments to Electric Coin Company and the Zcash Foundation ended under that structure.
The lockbox had no immediate withdrawal mechanism when introduced. Its purpose was to hold funds until the community agreed on a decentralized distribution process. Therefore, describing the current allocation as a direct continuing payment to “a company and its backers” would be inaccurate.
Whether any protocol-funded development mechanism is appropriate remains a policy judgment. Bitcoin generally directs its subsidy to miners, while Zcash chose to reserve part of issuance for software development and ecosystem grants.
Zcash governance dispute did not stop the network Wang also cited the January departure of the Electric Coin Company team following a dispute with Bootstrap, the U.S. nonprofit that governed ECC.
The departure occurred on Jan. 7. Then-CEO Josh Swihart said the entire team had been “constructively discharged” after employment conditions changed. He accused a majority of Bootstrap’s board of acting against the company’s mission.
Bootstrap disputed that framing. Its board said the disagreement concerned nonprofit law, fiduciary responsibilities and plans involving the Zashi wallet and outside investment.
The board argued that assets held by a public-benefit nonprofit could not be transferred in a way that created improper private benefits. No court has ruled on either side’s description of the dispute.
The former ECC employees did not abandon Zcash development. They announced a new company, Zcash Open Development Lab, and continued working on the protocol and privacy-related products.
Zcash founder Zooko Wilcox defended the integrity of the Bootstrap directors and said the conflict did not affect the protocol. The blockchain continued operating because miners, nodes and multiple development groups did not depend on ECC’s corporate existence.
The episode still exposed a governance divide among organizations responsible for core software, funding, trademarks and wallets. Wang’s statement that the disagreement proved Zcash was “broken at the top” is his interpretation, not an established technical finding.
ZEC fell sharply when the split became public in January. That verified price reaction showed that traders considered the developer dispute material, even though the blockchain itself did not halt.
Ironwood contained the Orchard supply risk Wang’s strongest factual criticism concerns a vulnerability in Orchard, Zcash’s main shielded pool between May 2022 and July 2026.
Security researcher Taylor Hornby discovered the flaw in May. The error involved an under-constrained element within Orchard’s cryptographic circuit. In theory, an attacker could have supplied invalid inputs and created counterfeit ZEC that ordinary verification would accept.
Developers deployed an emergency fix on June 1. They reported finding no evidence that anyone had exploited the vulnerability.
However, the privacy properties of Orchard prevent developers from cryptographically proving that no counterfeit ZEC was created before the patch. The flaw existed from Orchard’s May 2022 activation until the emergency response, according to the technical disclosure.
That limitation supports part of Wang’s criticism. Transparent ledgers allow observers to calculate visible supply directly. A shielded pool conceals transaction values, so its supply integrity depends on the soundness of its cryptographic rules.
The inability to prove non-exploitation is not evidence that counterfeiting occurred. It means the available evidence cannot eliminate that possibility with cryptographic certainty.
Zcash activated Ironwood at block 3,428,143 on July 28. The upgrade opened a separately tracked shielded pool and prevented Orchard from accepting new deposits or internal transfers. Orchard users could still withdraw funds.
Ironwood introduced an accounting checkpoint that prevents more ZEC from leaving Orchard than entered it. Any counterfeit balance remaining in the old pool therefore cannot pass freely into the new pool beyond the recorded amount.
As crypto.news reported, Ironwood replaced Orchard with a formally verified shielded design. The verification provides stronger assurance that Ironwood cannot create hidden counterfeit ZEC under its stated design assumptions.
The upgrade did not retroactively prove that Orchard was never exploited. It contained the unresolved supply risk and created a new accounting boundary for future transactions.
Optional privacy is seeing greater use Wang argued that optional privacy had left most ZEC in transparent addresses for much of the network’s history. Zcash does allow both transparent and shielded transfers, unlike Monero, where privacy protections apply by default.
Exchange support, wallet limitations and the higher computing requirements of early shielded transactions slowed adoption. Transparent addresses remained easier for many services to support.
Recent data presents a more mixed picture. Shielded ZEC increased from about 8% of supply in early 2024 to approximately 30% by May 2026. Shielded transactions accounted for 59.3% of network activity at that point, according to data cited in reporting on growing shielded adoption.
Those figures do not prove that Zcash has developed a broad commercial economy. They do show that the claim that privacy remains almost unused is outdated when applied to current network activity.
Wang compared Zcash unfavorably with Solana and Hyperliquid, arguing that both networks process more visible economic activity. That comparison relies on different use cases. Solana supports general-purpose applications, while Hyperliquid focuses on trading. Zcash primarily offers payments with optional transaction privacy.
Market capitalization also does not measure protocol revenue, payment volume or user numbers directly. ZEC’s top-ten position records the market value assigned to circulating tokens, not a verified ranking of network utility.
BlockFi error was real but unrelated to Zcash Wang separately referred to BlockFi’s 2021 promotional payment error. BlockFi confirmed that some customers received rewards denominated in Bitcoin instead of U.S. dollars.
Some users withdrew the unexpected payments before BlockFi reversed them. The company said fewer than 100 customers withdrew incorrect awards and initially placed its remaining exposure near $10 million.
Reports showed individual account credits involving hundreds of BTC. However, BlockFi did not publicly verify Wang’s specific example of a customer receiving 701.4 BTC instead of $701.40.
The payment mistake had no operational connection to Zcash, its developers or zk-SNARK cryptography. Wang used it as an analogy for poor attention to detail, alongside his earlier disagreement with a Zcash team member over Eastern Standard Time and Eastern Daylight Time.
His six-year-old decision to block the company was personal. Confusion over time-zone terminology does not establish that Zcash’s cryptographic work was defective.
What happens next for Zcash Ironwood remains the main technical response to the Orchard vulnerability. Users must move funds out of Orchard for them to enter the new shielded pool, while developers can monitor the accounting checkpoint during that migration.
The ecosystem must also determine how development funding is governed and distributed. Debate over the 20% allocation is likely to continue because it affects miners, grant recipients and ZEC holders differently.
For traders, the immediate question is whether ZEC can retain its top-ten capitalization after a steep rally. The token fell from an intraday high above $1,216 to around $1,130, showing elevated volatility.
A rally driven partly by ETF access and short liquidations does not prove Chun Wang’s criticism correct or incorrect. It shows that market price, protocol security and network use remain separate measures requiring independent evidence.
FAQs Who is Chun Wang? Chun Wang is a co-founder of F2Pool, one of the cryptocurrency industry’s longest-running Bitcoin mining pools. He posts on X under @satofishi.
Did Zcash give founders 20% of its total supply? No. The Founders’ Reward received 20% of block issuance during the first four years. That equaled 2.1 million ZEC, or 10% of the maximum supply.
Was the Orchard vulnerability exploited? Developers reported finding no evidence of exploitation. Orchard’s privacy design means they cannot prove with cryptographic certainty that hidden counterfeiting never occurred.
Did Ironwood destroy coins held in Orchard? No. Orchard stopped accepting new deposits and internal transfers, but withdrawals remain possible through an accounting checkpoint designed to contain any excess supply.
Did BlockFi send Bitcoin instead of dollar rewards? Yes. BlockFi confirmed the general payment error in 2021. The specific 701.4 BTC example cited by Wang was not publicly
LlamaRisk navrhla pro Aave V3 zvýšit limity pro USDC, GHO, wstETH a USD₮0 a zároveň snížit nevyužívané limity pro syrupUSDC, USDe a syrupUSDT. U USDe na pěti deploymentech chce zvednout základní variabilní sazbu z 4 % na 5 %.
LlamaRisk proposed reserve-cap and interest-rate changes for Aave V3 on Sept. 7, responding to utilization, liquidity and borrower data across six deployments. Its Risk Stewards update recommends raising USDC, GHO, wstETH and USD₮0 limits while reducing underused syrupUSDC, USDe and syrupUSDT supply caps.
The plan also lifts the USDe base variable borrow rate by one percentage point on Aave V3 Core, Plasma, Monad, Mantle and Avalanche. LlamaRisk said it intends to implement the package through the Risk Steward process. That language makes this a dated risk-parameter action plan, not evidence that every proposed value was already active when the post appeared.
USDC and GHO caps would expand where demand is high On Aave V3 Core, the recommended USDC supply cap rises from 2.5 billion to 3 billion, while the borrow cap moves from 2.25 billion to 2.7 billion. LlamaRisk reported supply-cap utilization of 92.4% and borrow-cap utilization of 95.7% before the change, with debt growing faster than supply over the seven days through Sept. 7.
For Monad, the proposal increases GHO’s supply cap from 40 million to 60 million and its borrow cap from 36 million to 54 million. It also raises Prime’s wstETH supply cap from 62,000 to 80,000. On X Layer, where the report said USD₮0’s borrow cap was fully used, the recommended limit rises from 48 million to 90 million. BlockchainReporter previously covered Aave’s launch on X Layer, the deployment affected by that proposed expansion.
Three supply caps would shrink after balances fell The same review cuts limits where deposited balances have moved away from earlier capacity. Monad’s syrupUSDC supply cap would fall from 240 million to 150 million, and its USDe cap from 220 million to 150 million. Plasma’s syrupUSDT supply cap would be halved from 300 million to 150 million.
LlamaRisk said these reductions still leave headroom above current supply. It estimated post-change utilization at 67.8% for syrupUSDC, 60.6% for USDe and 75.2% for syrupUSDT. The distinction matters because a lower cap limits future deposits; it does not imply that existing positions are being removed.
USDe borrowing moves toward a higher base rate Across the five USDe markets, the recommended base variable rate rises from 4% to 5%, while Slope1 falls by one percentage point. Because the optimal-utilization settings remain unchanged, LlamaRisk said the liquidity share available at those thresholds would not change. Estimated borrow-rate increases at then-current utilization ranged from 17 basis points on Avalanche to 83 basis points on Mantle.
The review also tracked the effects of earlier USDe rate increases. It said Core borrowers reduced USDe debt by 38.8 million after the base reached 4%, with 7.7 million replaced by USDC or USDT borrowing from the same accounts. Plasma borrowers reduced USDe debt by 24.7 million, while only 0.4 million was re-borrowed in other stablecoins. Those observations explain the pricing change, but they remain a point-in-time assessment rather than a forecast of future borrower behavior.
AUTHOR
Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.
Polkadot Community Foundation předložila návrh na $dotUSD, nativní decentralizovaný stablecoin krytý $DOT. Projekt je zatím v rané fázi a hlasování o správě nebylo potvrzeno.
A Native Stablecoin for PolkadotThe @Polkadot Community Foundation has put forward a formal proposal for $dotUSD, a native decentralized stablecoin designed to operate directly within the Polkadot ecosystem. The move signals a growing push across major blockchain networks to reduce dependence on externally issued stablecoins such as USDT and USDC, which have historically dominated on-chain liquidity.
Under the proposed design, borrowers would mint $dotUSD against $DOT collateral while self-selecting their own interest rates, a mechanism borrowed from the architecture of Liquity Protocol v2. That model is built around user-set rates rather than governance-imposed or algorithmically controlled ones. As Liquity's own documentation describes it, borrowers become makers of their own interest rates, allowing a true rate market to emerge on-chain without centralized intervention.
Market-Discovered Rates and an Organic Yield CurveThe core innovation behind $dotUSD is its interest rate model. Rather than relying on a centralized oracle or protocol governance to set borrowing costs, the system would allow rates to be discovered organically through borrower behaviour. Liquity V2 enables borrowers to pick their own interest rates, with the expectation that the collective result mirrors true market conditions across DeFi over time.
Applied to Polkadot, this approach aims to establish a native on-chain yield curve for $DOT, moving away from rate-setting mechanisms that depend on external data sources. Borrowers who set lower rates face a higher risk of redemption, while those who set higher rates pay more but hold more stable positions. This self-correcting dynamic is intended to keep $dotUSD pegged without relying on centralised controls.
The proposal is at an early stage and no formal governance vote has been confirmed at the time of writing. But the introduction of a structured, Liquity v2-derived architecture suggests the @Polkadot Community Foundation is taking a considered approach to one of the more technically complex challenges in DeFi: building a sustainable, decentralized stablecoin backed entirely by a native network asset.
Sources:
Liquity: V2 as a De Facto Reference Rate for DeFi
The Block: Liquity V2 and User-Set Interest Rates
Avalanche Deployment Gains TractionAave's V4 deployment on Avalanche ($AVAX) has reached $20 million in deposits, according to Token Terminal, roughly doubling in size over the past month. The platform currently carries about $5 million in active loans, a sign that borrowing activity is beginning to build alongside the deposit growth.
The Avalanche deployment went live on July 15, 2026, marking the first time Aave had deployed its newest protocol version outside Ethereum, where earlier versions built most of its liquidity. Avalanche was chosen as the first expansion beyond Ethereum in part because of an established track record and a fast-growing ecosystem for tokenized real-world assets such as Treasuries and corporate bonds. The rollout was also backed by ecosystem incentives: Avalanche committed up to $15 million tied to key performance indicators including total value locked, borrowing activity, and protocol revenue growth.
A Broader V4 Expansion StoryThe Avalanche figures are one piece of a wider growth picture for Aave V4. Across all chains, V4 deposits surpassed $600 million in late August 2026, setting a new all-time high, according to data reported by ChainCatcher. That figure covers aggregate deposits across Ethereum's mainnet and several Layer 2 networks.
The V4 architecture underpinning these deployments differs meaningfully from its predecessor. Aave V4 replaces V3's market-per-pool structure with a hub-and-spoke design that consolidates liquidity while allowing individual markets to maintain separate borrowing rules and risk parameters. Despite the strong growth in V4, the newer version remains a fraction of its predecessor's scale, and Aave's decision to run V3 and V4 in parallel lets users migrate at their own pace rather than under deadline pressure.
Sources:
CoinPaprika: Aave Brings V4 to Avalanche in Bet on Tokenized-Asset Lending
Crypto Briefing: Aave V4 Deposits on Ethereum and Avalanche Reach $300M
ChainCatcher: Aave V4 Deposits Exceed $600 Million
Useless Coin (USELESS), a Solana-based memecoin that openly markets itself as having no practical utility, surged 22% in the 24 hours leading up to its listing on South Korean exchange Bithumb. The token had already climbed 160% over the prior week and 500% over the past month, underscoring the appetite for speculative assets in the current market cycle.
Bithumb confirmed it would open USELESS trading against the Korean won starting at 14:00 local time, giving the token its first direct fiat on-ramp in one of Asia's largest crypto markets. The announcement was enough to send the token sharply higher before trading even began.
From BONKfun Launch to Major Exchange Listings Useless Coin is a community-driven memecoin launched on the Solana blockchain through the BONKfun platform. Launched in May 2025, its entire premise is to mock the industry's relentless focus on "utility" and complex roadmaps, with a whitepaper that is a 47-page parody document concluding the token is, indeed, useless. The entire supply of 1 billion tokens was launched at once via a launchpad with no team allocation, making all tokens immediately liquid.
The token first entered the broader spotlight through its involvement with the Kraken exchange. The token achieved widespread attention in early 2026 after winning a trading competition hosted by Kraken, with the victory resulting in the Useless Coin logo being featured on the limited-edition jerseys of Atlético de Madrid for a match against FC Barcelona.
A Growing Exchange FootprintThe Bithumb listing adds to an already expanding presence on centralised exchanges. The recent rally for USELESS has followed a series of major exchange listings, with Coinbase, Binance US, and Kraken all listing the token and giving it the kind of exposure most memecoins can only dream of. Its first parabolic rally saw a market cap jump from $4.2 million to $420 million, an impressive feat for a coin that openly brags about doing nothing.
Useless Coin was designed as a satirical critique of utility-driven cryptocurrencies, explicitly embracing its lack of utility and positioning itself as a parody of the crypto industry's focus on complex tokenomics and functional use cases. Whether the Bithumb listing sustains the rally or marks a near-term peak remains to be seen, but the token's trajectory so far has confounded sceptics at every turn.
Sources:
CoinGecko: Useless Coin (USELESS) price, market cap and project overview
Kraken Blog: USELESS is available for trading
CoinMarketCap: What Is Useless Coin (USELESS) and How Does It Work?
Solana zaznamenala za posledních 30 dní čisté přílivy do RWA ve výši 348 milionů USD. Celková hodnota tokenizovaných RWA na síti vzrostla na 720 milionů USD.
TLDR Solana recorded $348 million in net RWA inflows over the past 30 days. Solana’s total tokenized RWA value reached $720 million. The data comes from RWA.xyz, tracking tokenized Treasuries, credit, and other real-world assets. RWA inflows are separate from memecoin trading and speculative volume. The growth suggests Solana’s low fees and speed may be drawing more than retail traders. Solana has recorded $348 million in net real-world asset inflows over the past 30 days. The data comes from RWA.xyz, a platform that tracks tokenized asset activity across blockchains.
The inflows pushed Solana’s total tokenized RWA value to $720 million. This includes products like tokenized Treasuries and credit pools.
Solana is usually known for memecoins, fast trading, and consumer apps. This new data shows a different side of the network’s activity.
What The RWA Inflows Show RWA inflows are not the same as memecoin trading volume. They reflect capital moving into tokenized products tied to real-world assets, not short-term speculation.
These products can include U.S. Treasury instruments, private credit, tokenized funds, and other assets linked to traditional finance. The activity connects blockchain settlement with existing financial markets.
A $720 million RWA total gives Solana a real presence in the tokenization space. It does not place the network at the top of every list, but the pace of recent inflows stands out on its own.
Momentum matters here because institutional-style capital tends to move with more caution than retail trading. Growth in this area can signal rising confidence from issuers and allocators.
Why Speed And Cost Matter Lower transaction fees can make it easier to move tokens, transfer collateral, and settle trades. Fast confirmation times also help when tokenized assets are used inside DeFi platforms.
This gives Solana a practical pitch to RWA issuers. The network can offer liquidity, an active user base, and lower costs than some alternatives.
These features do not guarantee adoption, but they lower the barrier for teams building tokenized products. Issuers weighing where to launch often look at cost and speed as starting points.
The current inflow data does not confirm widespread institutional adoption of Solana. It shows capital movement and rising totals, not confirmation that major institutions have shifted operations to the network.
Solana Price on CoinGecko It also does not guarantee this capital stays in place. If yields, incentives, or market conditions change, some of these inflows could reverse.
The numbers reflect inflows and total value locked at this point in time. They are a snapshot, not a long-term commitment from any single institution or issuer.
Solana’s RWA growth adds a second track to its ecosystem. Retail trading and memecoin activity remain part of the network, alongside this newer tokenized asset activity.
This article draws on RWA.xyz Solana network data and public DeFiLlama Solana metrics.
HashKey Cloud se připojil ke Stacks jako spouštěcí partner pro self-custodial Bitcoin staking a zároveň vstoupil do sítě sBTC signerů. Genesis Bond má podle Stacks začít kolem 10. září.
HashKey Cloud said on Sept. 7 that it had joined Stacks as a launch partner for self-custodial Bitcoin staking.
Summary
HashKey Cloud joined Stacks as a Genesis Bond participant and an sBTC signer operator officially. The institutional Genesis Bond is scheduled to launch around September 10, according to Stacks developers. Bonded Bitcoin remains timelocked on Bitcoin while participants pair it with locked STX tokens separately. HashKey Cloud says its staking infrastructure spans more than 40 different blockchain networks globally today. sBTC signers coordinate Bitcoin deposits and withdrawals using a threshold-based approval system collectively onchain today. The agreement gives the infrastructure provider two roles: participating in the inaugural Genesis Bond and joining the signer network securing sBTC.
HashKey Cloud operates under HashKey Holding Limited. Stacks founder Muneeb Ali presented the collaboration during the HashKey Cloud and Cactus Custody “Yield on Trust” event in Hong Kong.
The company says its node and staking infrastructure covers more than 40 blockchain networks. Stacks reported that HashKey Cloud manages about HK$29 billion in staked assets. These figures come from the companies and were not independently audited for the partnership announcement.
HashKey Cloud will participate in the first Genesis Bond HashKey Cloud will join the first institutional cohort using Stacks’ new Protocol Bond system. Stacks said in an official announcement that the Genesis Bond was expected to begin around Sept. 10.
The launch date remains an estimate. Stacks has not announced an exact activation time, final capacity or participant allocations. Technical or operational conditions could also alter the schedule.
The first cohort includes institutional participants such as digital asset manager 21Shares and UTXO Management, a subsidiary of Bitcoin treasury company Nakamoto Inc. The Genesis Bond is intended to demonstrate how institutions can earn BTC-denominated rewards without transferring their Bitcoin to a centralized custodian.
Bitcoin committed to the product remains visible on its base blockchain. The arrangement should allow observers to inspect the relevant timelock transactions without relying exclusively on reports from Stacks or participating institutions.
The phrase “Bitcoin staking” requires context. Bitcoin uses proof-of-work and does not support staking through its native consensus system. The Genesis Bond does not change Bitcoin’s consensus rules.
Stacks instead uses Proof of Transfer, commonly called PoX. Stacks miners commit BTC while competing to produce blocks. The protocol distributes part of that Bitcoin to qualifying participants as rewards.
Bitcoin remains under the holder’s keys Stacks’ PoX-5 design introduces a Protocol Bond that connects two separate commitments. The participant timelocks BTC on Bitcoin’s base layer and locks a corresponding amount of STX on Stacks.
According to the project’s technical documentation, a bond lasts 12 Stacks reward cycles, or approximately six months. The Bitcoin remains in a wallet controlled by the holder’s keys rather than moving to a centralized custodian or wrapped asset.
The participant must also lock STX through a signer-manager contract. The two positions are cryptographically associated and operate together for the bond term.
PoX-5 permits only one active staking position for each Stacks principal. A participant cannot use the same principal for an STX-only position and a Protocol Bond simultaneously. The protocol also prevents one principal from holding two concurrent bonds.
The documentation allows early withdrawal. However, participants leaving before the scheduled end of a term forfeit their remaining rewards for that cycle. Recovering the BTC principal still requires the holder’s signature.
Rewards initially accrue as sBTC. A participant may request native BTC by supplying a Bitcoin payout address, provided the selected signer manager supports base-layer withdrawals.
Native BTC settlement is not available under every configuration. If the withdrawal cannot be processed within the participant’s maximum transaction-fee setting, the payment falls back to sBTC.
As crypto.news reported, Stacks is targeting an annualized Bitcoin yield near 3% during the initial phase. The rate is a protocol target, not a guaranteed return. Actual rewards may vary with miner commitments, available capacity and network conditions.
HashKey Cloud will help secure sBTC transfers HashKey Cloud will also operate as a signer for sBTC, the Bitcoin-backed asset used within the Stacks ecosystem. Stacks previously confirmed that HashKey Cloud, Ankr and The Tie had joined the signer set.
sBTC is designed to represent BTC on Stacks at a one-to-one ratio. Users can deploy it within Stacks applications while the underlying Bitcoin remains governed by the network’s signer system.
Signers collectively authorize deposits and withdrawals between Bitcoin and Stacks. No individual signer can independently move the BTC backing sBTC.
Stacks said the system maintained a 70% approval threshold throughout the latest signer rotation. Operations such as withdrawals require approval representing at least 70% of participating signer weight.
Adding HashKey Cloud brings an Asia-based infrastructure provider into the signer group. Stacks described the expansion as improving institutional access and distributing operating responsibility across additional companies and regions.
Those benefits remain Stacks’ assessment. A larger signer set does not remove every technical or governance risk associated with sBTC.
Users still depend on enough signers remaining available and following the protocol correctly. Software failures, signer outages or coordination problems could delay deposits and withdrawals. Smart-contract faults could also affect services built around sBTC.
Self-custody reduces exposure to a single custodian, but it does not eliminate risks arising from Stacks contracts, wallet software, signer managers or the sBTC system.
Genesis Bond access will remain limited initially Stacks plans to introduce Protocol Bonds in stages. Initial Genesis Bond access focuses on institutions and professional market participants rather than unrestricted retail participation.
The project’s staking guidance says bond capacity will be allocated to approved partners during the bootstrap phase. Some capacity may become available through selected pooling providers.
Wallet compatibility is another requirement. Leather and Xverse support PoX-5 functions, while Ledger users need Stacks application version 0.26.15 or later for transactions carrying the new spending conditions.
Participants must also consider the prepare phase at the end of each reward cycle. During the final 100 Bitcoin blocks, the protocol rejects new staking transactions, position updates and withdrawal requests.
HashKey Cloud has not disclosed how much BTC or STX it plans to commit. The company also has not published participation fees, customer eligibility requirements or a list of supported jurisdictions.
Its announcement cautioned that Bitcoin staking services may be unavailable in some regions because of local laws. HashKey Cloud did not guarantee any investment return.
The Genesis Bond’s expected launch is the next event to watch. Confirmation of the activation time, committed Bitcoin, participating institutions and available capacity would provide the first measurable evidence of demand for the product.
Xverse spustil Bitcoin staking přes sBTC na Stacks 7. září ve své self-custodial peněžence verze 2.9. Uživatelé mohou získávat odměny v BTC s cílem kolem 3 % ročně.
Xverse launched Bitcoin staking through sBTC on Stacks on Sept. 7, making the feature available in version 2.9 of its self-custodial wallet. In its official launch announcement, Xverse said users can put existing bitcoin to work and receive additional bitcoin through the fee-efficient sBTC representation on Stacks.
The product does not lock native BTC directly on the Bitcoin base layer. Xverse’s technical overview says participants use sBTC, which is backed one-for-one by bitcoin held through the Stacks signer system, and pair it with STX. That structure introduces different risks from simply holding BTC in a wallet.
Staking pairs sBTC with a smaller STX position A position combines sBTC with STX worth roughly 5% of the deposited sBTC, according to Xverse. The STX is neither a fee nor collateral; it establishes eligibility and links the position to a Stacks identity. The bitcoin-denominated rewards accrue to the sBTC side rather than the STX balance.
Xverse said users can obtain an STX shortfall inside the staking flow. Each participant receives one position per bond and may add sBTC or STX before the bond begins. Once it is active, the position remains fixed unless the user withdraws the sBTC or waits for maturity.
Rewards target about 3% but can vary The protocol targets an annual percentage yield of roughly 3%, with distributions arriving in sBTC about once every two weeks. The realized return depends on the bitcoin committed by Stacks miners and the amount deposited alongside it, so the target is not a guaranteed rate.
Each bond runs for six months. Before registration, users can withdraw both assets. After a bond starts, sBTC can be removed early, but the paired STX remains locked until maturity. Xverse also warns that the staking contracts are new and that sBTC depends on its signer set and continued peg to bitcoin.
The launch opens retail access to the Genesis Bond Xverse’s rollout gives wallet users pooled access to the Stacks Genesis Bond without meeting a large standalone minimum. BlockchainReporter previously reported that 21Shares joined the same Bitcoin staking program as an institutional participant. The two developments involve different access channels: 21Shares supplied capital to the bond, while Xverse now offers a wallet interface for individual positions.
The Genesis Bond is scheduled to begin near Bitcoin block 966,350, which Xverse estimated around Sept. 10 in Stacks reward cycle 143. The precise timing remains block-dependent. Later bonds are expected to open roughly monthly, but available capacity and deposit windows may close before a scheduled start.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Stacks chce spustit samoobslužný Bitcoin staking s cílovým výnosem asi 3 % ročně v BTC. Projekt má z BTC udělat produktivní kapitál pro lending, trading a další onchain finance.
Bitcoin has become one of the world’s largest pools of digital capital, yet only a small fraction participates in onchain financial activity.
Summary
Stacks plans to use self-custodial Bitcoin Staking as an entry point for BTC holders, targeting roughly 3% annualized rewards paid in Bitcoin. Its roadmap moves from attracting Bitcoin capital to scaling network infrastructure and expanding into lending, trading, perpetual markets and programmable BTC. StackingDAO, Bitflow, Zest Protocol and Hermetica are developing liquid staking, trading, credit and yield products that could give staked and Bitcoin-linked capital more uses across the ecosystem. Other crypto ecosystems built large economies around staking, lending and decentralized trading. Bitcoin, by comparison, still lacks a universally accepted home where holders can put BTC to work without taking on custody, bridge or foreign-chain risks.
That is the problem Bitcoin-native finance is trying to solve.
The term describes a financial system built around Bitcoin as the productive asset, with services such as staking, lending, borrowing and trading anchored to Bitcoin rather than requiring holders to move their wealth into another blockchain economy. Stacks is pursuing that model through a 2026 roadmap built around three connected stages: attract Bitcoin capital with self-custodial yield, scale the infrastructure needed to support greater activity, then expand the financial applications available to that capital.
The official roadmap is currently presented as a 2026 plan rather than a formal roadmap extending through 2030. Its direction, however, describes a longer-term effort to build lending, trading, programmable capital and other financial services around Bitcoin. The central question for the coming years is whether Stacks can turn that roadmap into the ecosystem where BTC holders move from passive ownership to active financial use.
Bitcoin Staking could become the entry point for idle BTC Many Bitcoin projects have tried to make BTC productive, but each approach introduces different trade-offs.
Core already offers self-custodial Bitcoin staking using Bitcoin’s CheckLockTimeVerify timelocks, but rewards are paid in CORE. Babylon also keeps staked BTC native to Bitcoin, but its security model includes slashing, meaning delegated BTC can face penalties if protocol security conditions are violated.
Stacks is proposing a different combination. Under its Bitcoin Staking design, participants create a protocol bond by locking BTC on Bitcoin Layer 1 and pairing it with STX worth approximately 5% of the BTC position. The BTC remains under the participant’s keys, while the paired STX secures access to staking capacity. The current target yield is approximately 3% annualized and paid in Bitcoin.
The source of that yield is Proof of Transfer, or PoX, the consensus mechanism Stacks has operated since January 2021. Stacks miners commit BTC as they compete to produce blocks and receive STX rewards. The BTC committed by miners then flows to eligible participants. Stacks says the mechanism has distributed more than 4,200 BTC since launch.
That gives the planned product an economic structure different from staking systems funded entirely through new token issuance. The reward pool comes from BTC spent by miners as part of Stacks block production rather than from creating a new reward token or lending participants’ Bitcoin to borrowers.
The product is not yet established at scale. As of July 16, 2026, PoX-5 was operating on a private testnet with integration partners testing bonding, reward distribution and exits ahead of a public testnet and potential mainnet activation. Mainnet still depends on the Stacks governance process and successful testing.
That distinction matters. Bitcoin Staking could become the top of the Stacks capital funnel, but the thesis remains dependent on execution.
The roadmap moves from capital to infrastructure and finance Attracting BTC is only the first step. A Bitcoin-native financial system also needs enough performance, liquidity and application depth to give holders reasons to keep using their capital after earning an initial yield.
The Stacks roadmap organizes that process into three phases. Bitcoin Staking anchors capital. Infrastructure improvements prepare the network for greater DeFi and automated activity. The final phase expands Bitcoin-native finance across lending, trading and programmable capital. The workstreams are progressing concurrently rather than waiting for each previous phase to finish.
On performance, Stacks core developers are targeting a 100-fold improvement in throughput through efforts including Clarity Wasm. The roadmap also calls for continued core improvements and optimization of the sBTC bridge. Stacks has separately set a goal of supporting up to 10,000 active AI agents as programmable financial activity grows.
The longer-term financial layer includes self-custodial Bitcoin lending, trading, perpetual markets and programmable BTC that software agents can use. The roadmap also explores allowing sBTC to pay transaction fees, which could reduce the need for users or automated agents to acquire a separate gas asset before interacting with applications.
For institutions and large Bitcoin holders, that combination matters because yield alone may not justify moving substantial capital into a new financial environment.
StackingDAO, Bitflow, Zest and Hermetica build the next layer The wider Stacks ecosystem is already assembling several of the financial primitives needed to move BTC beyond a single staking product.
StackingDAO provides the liquid staking layer. It currently operates liquid Stacking products for STX and has outlined plans for a Bitcoin liquid staking token as Bitcoin Staking develops. A BTC liquid staking token, or BTC LST, would represent an underlying yield-producing Bitcoin position while remaining usable elsewhere in DeFi.
The role is comparable in structure to the function liquid staking tokens serve in Ethereum’s DeFi economy. Without a liquid representation, staked capital remains harder to use elsewhere. With one, the same economic position can potentially provide liquidity, serve as collateral or participate in additional financial strategies.
Bitflow supplies another necessary piece: markets where Bitcoin-linked assets can trade and find liquidity.
The protocol operates a decentralized exchange and aggregator on Stacks and has introduced HODLMM, a concentrated-liquidity engine designed for more capital-efficient markets. A future BTC LST would need liquid trading venues to maintain an effective market and provide holders with practical entry and exit routes.
Zest Protocol adds credit markets. Its existing Stacks market allows users to lend Bitcoin-linked assets and borrow against collateral, while its planned Bitcoin Collateral Vaults aim to let users borrow stablecoins against BTC without moving their Bitcoin off Layer 1. Zest says those vaults are scheduled to launch in 2026 and are designed around self-custodial Bitcoin collateral rather than a conventional wrapped-BTC structure.
Hermetica provides yield products and a Bitcoin-linked monetary layer through hBTC and USDh. The hBTC vault deploys BTC exposure into onchain strategies including lending, staking and basis strategies, with realized profits accounted for in Bitcoin terms. Hermetica describes the product as redeemable for native BTC, while its current documentation shows that withdrawals remain subject to protocol cooldowns and Bitcoin settlement times.
Its USDh product provides a Bitcoin-backed synthetic dollar that can serve as a stable asset within the same financial environment. Hermetica’s hBTC documentation describes a strategy that can use BTC-linked collateral in lending markets and deploy borrowed stablecoins into additional yield opportunities, connecting Bitcoin collateral, credit and stable liquidity within one system.
Together, these protocols illustrate what comes after Bitcoin Staking.
From Bitcoin yield to a Bitcoin-native financial economy Ethereum and Solana showed how staking can become more than a standalone yield product. Once users begin earning on an asset, demand can develop for liquid staking, collateral markets, decentralized exchanges and structured strategies that make the staked capital more useful.
Stacks is attempting to build a similar progression around Bitcoin without simply copying another chain’s security and custody model.
Its strategy starts with a product designed to keep BTC on Bitcoin L1 while generating BTC-denominated rewards. The roadmap then connects that capital to faster infrastructure and an ecosystem spanning liquid staking, trading, credit and yield products.
Bitcoin-native finance will not be defined by one staking product. It will be defined by whether Bitcoin can function as productive capital across staking, lending, liquidity and programmable applications without forcing holders to abandon the properties that made them choose Bitcoin in the first place.
Stacks is building toward that outcome. Bitcoin Staking is intended to open the door. The ecosystem developing behind it will determine how far the capital travels once it enters.
FAQ How is Stacks Bitcoin Staking different from other self-custodial options? Stacks’ proposed design combines three features: rewards denominated in BTC, no protocol-level slashing of Bitcoin principal and an early exit mechanism that returns BTC while forfeiting remaining rewards. Core also offers self-custodial staking but pays rewards in CORE, while Babylon’s security model includes BTC slashing. Stacks Bitcoin Staking remains in testing and has not yet established a mainnet operating record.
What is Bitcoin-native finance? Bitcoin-native finance is a financial ecosystem where Bitcoin serves as the productive asset across activities such as staking, lending, borrowing, trading and structured strategies, with infrastructure anchored to Bitcoin rather than requiring holders to move entirely into another blockchain economy.
How does Bitcoin Staking on Stacks work? The current design requires participants to lock BTC on Bitcoin L1 and pair it with STX worth approximately 5% of the BTC position. The two assets form a protocol bond. BTC committed by Stacks miners through Proof of Transfer funds Bitcoin-denominated rewards, with a current target of approximately 3% annualized yield during the planned bootstrap phase.
What is a Bitcoin liquid staking token? A Bitcoin liquid staking token represents an underlying staked or yield-producing BTC position while remaining transferable and potentially usable in DeFi. It can allow holders to maintain exposure to staking rewards while using the liquid token for trading, liquidity or collateral. StackingDAO has outlined plans to develop a BTC LST as Bitcoin Staking on Stacks develops.
Cronos potvrdil, že po exploitu Tectonicu zůstává neobnoveno 9,19 milionu USD. Validátoři mezitím rollbackem obnovili asi 111,2 milionu USD z napadených prostředků.
Cronos has confirmed that $9.19 million remains unrecovered after an attacker borrowed $120.4 million from Tectonic, while a validator-backed rollback reversed roughly $111.2 million in affected value.
Summary
Cronos says $9.19 million remains unrecovered after an attacker borrowed $120.4 million from Tectonic using manipulated TONIC collateral. Validators rolled back 10,961 blocks covering nearly two hours of transactions, restoring roughly $111.2 million in affected value. The attacker moved 7.6% of the affected funds off Cronos before the network was halted, putting them beyond the rollback. Cronos resumed block production around 11 hours after the attack and continues reconciliation work with exchanges, bridges and other platforms. According to a post-mortem published by Cronos on Monday, the attacker manipulated the price of TONIC, the governance token of lending protocol Tectonic, and used the inflated asset as collateral to borrow funds across nine markets on Aug. 30.
The attack led Cronos validators to halt the Layer 1 blockchain at block 90,907,150 before agreeing to restore the network to block 90,896,188, the final block produced before the exploit began.
The rollback returned affected balances to their pre-attack state and reversed approximately $111.2 million of the $120.4 million involved in the incident. However, funds that had already moved away from Cronos were outside the reach of the restoration.
“The $9.19 million that left Cronos before the halt has not been recovered and is beyond the restoration’s reach,” the team said.
Cronos rollback restored $111.2 million after Tectonic exploit The rollback discarded 10,961 blocks, representing 1 hour and 54 minutes of Cronos transaction history, according to the post-mortem. Transactions completed during that window were reversed regardless of whether they had any connection to the Tectonic attack.
Cronos said validators had to weigh transaction finality against the amount of money still exposed when deciding how to restart the network.
“It was a hard decision, taken together with the validators, weighing the finality users expect from a chain against the funds at risk,” Cronos said. “The alternative, restarting without restoring state, would have left the borrowed assets in the attacker’s control.”
The final accounting substantially raises the value involved compared with early estimates published immediately after the incident. On Aug. 31, crypto.news reported the Cronos halt after onchain researcher Weilin Li initially estimated that approximately $75 million had been affected.
Li’s early analysis found that most of the identified funds remained on Cronos when validators stopped block production, while roughly $6 million was believed to have reached Ethereum. At the time, neither Tectonic nor Cronos had released a final accounting of the assets involved.
Blockchain data provider Bitquery subsequently calculated that $120.4 million had been removed from Tectonic’s lending markets, a figure that is consistent with the amount detailed in Cronos’ post-mortem.
TONIC price manipulation allowed $120.4 million in borrowing Cronos said the attack began after contracts were deployed to manipulate the market price of TONIC, a thinly traded token that Tectonic accepted as collateral.
Once the token’s price had been driven higher, the attacker supplied the inflated collateral to the lending protocol. Roughly 10 minutes later, $120.4 million had been borrowed across nine Tectonic markets.
Early onchain analysis had found that TONIC’s reported price increased approximately 100-fold within around 20 minutes. The token carried a 20% collateral factor on Tectonic, allowing borrowers to take loans against part of the value assigned to their deposited TONIC.
RedStone co-founder Marcin Kazmierczak later told crypto.news that the incident was not an oracle failure. He said the oracle accurately reported the TONIC price in the market it monitored, while Tectonic accepted that price without adequately accounting for whether enough liquidity existed to sell the collateral at the reported valuation.
Kazmierczak identified borrow caps tied to executable liquidity as one safeguard that could have restricted the amount available to borrow even if TONIC’s reported market price increased sharply. Dynamic collateral factors, minimum market-depth requirements and price-impact limits could have provided other controls, he said.
Tectonic had roughly $121.7 million in total value locked and approximately $82.7 million in active loans before the exploit, according to figures cited during the initial investigation.
Validators halted Cronos within an hour of the attack The post-mortem provided a more detailed timeline of the network’s response.
After the attacker began manipulating TONIC and borrowing against the inflated collateral, Cronos identified the malicious activity roughly 36 minutes later. Validators subsequently halted the blockchain, preventing further transactions while the incident was investigated.
The network was eventually restored to its pre-exploit state before block production resumed around 11 hours after the attack began.
When Cronos restarted block production on Aug. 30, the chain resumed from block 90,896,189 after validators coordinated the emergency restoration. Node operators were instructed to restart using Cronos v1.7.8 and updated mainnet snapshots.
Crypto.com CEO Kris Marszalek said during the incident that the company’s centralized app and exchange continued operating and were not compromised. Crypto.com and Cronos are closely associated, while Tectonic operates as a decentralized lending protocol on the blockchain.
The rollback meant infrastructure providers connected to Cronos had to reconcile their systems with the restored chain state. RPC providers, explorers, indexers, subgraphs and bridges needed to synchronize with the version of the blockchain that replaced the discarded blocks.
A subsequent crypto.news analysis examined how validators rolled back the chain and erased more than 10,000 blocks to restore its state. The action removed transactions belonging to regular users during the same period alongside those connected to the attacker.
$9.19 million remains outside Cronos restoration Cronos’ post-mortem now puts the amount that escaped the restoration at approximately $9.19 million, equal to 7.6% of the $120.4 million affected.
Funds that remained within the network could effectively be returned to their earlier state through the rollback. Assets already transferred away from Cronos could not be reversed through changes to the chain’s own transaction history.
The Tectonic incident accounted for more than half of the estimated cryptocurrency losses recorded during August. Blockchain security firm PeckShield counted 50 major crypto hacks during August, with estimated losses totaling $136.3 million. Its earlier calculation placed the Tectonic incident at approximately $74 million because the final accounting had not yet been released.
Cronos said reconciliation work with exchanges, bridges and other affected platforms remains underway following the restoration. Users do not need to take any action at this stage, while the block explorer, public RPC endpoints, indexers and subgraphs have returned to operation.
The post-mortem did not identify the attacker or detail how the network and Tectonic plan to address the $9.19 million that remains unrecovered.
CRO, the native token of the Cronos ecosystem, was trading around $0.058, up 0.62% over the past 24 hours.
Aptos spustil na mainnetu Confidential APT, který umožňuje šifrovat zůstatky a částky převodů, zatímco adresy zůstávají veřejné. Funkce je opt-in a míří na firemní použití včetně mezd a treasury.
Aptos has rolled out Confidential APT on its mainnet, giving users the ability to encrypt their token balances and transfer amounts without hiding who’s transacting. It’s a deliberate design choice: privacy where it matters for business, transparency where regulators demand it.
The feature, now integrated into the Petra Wallet, operates as a 1:1 wrapped version of APT. Users opt in to shield their balances from public view while their wallet addresses remain fully visible on-chain.
How it works under the hood Confidential APT leans on two cryptographic heavyweights: zero-knowledge proofs and homomorphic encryption. Zero-knowledge proofs let one party prove a statement is true without revealing the underlying data. Homomorphic encryption goes a step further, allowing computations on encrypted data without ever decrypting it.
Together, these techniques mean the Aptos network can verify that a transfer is valid, that the sender has sufficient funds, and that no tokens are being conjured from thin air. All without anyone on-chain seeing the actual numbers involved.
At launch, only the native APT token is eligible for confidential transactions. The underlying standard, however, was built to extend to other tokens pending future governance votes.
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The compliance play Aptos is explicitly pitching Confidential APT at compliance-heavy use cases: payroll processing, corporate treasury management, and business-to-business settlements.
Consider the payroll scenario. A company paying employees on-chain currently broadcasts every salary to anyone with a block explorer. Confidential APT lets the payment go through with cryptographic proof of validity while keeping the dollar amount between employer and employee.
The same logic applies to B2B settlements, where companies have obvious reasons to keep transaction sizes private from competitors monitoring on-chain activity. Treasury operations face similar exposure risks when large movements signal strategy to the market before leadership is ready to disclose.
For users who don’t want or need privacy, nothing changes. The feature is entirely opt-in, meaning the default transparent experience remains untouched.
Governance approval and early traction Confidential APT didn’t appear overnight. The feature was activated following Proposal #188, which went through governance voting around April 24-25, 2026. The proposal received near-unanimous support from the community.
The official wallet integration announcements came on August 4, 2026, when the Petra Wallet confirmed support for confidential transactions. By mid-August 2026, roughly 15,000 APT had already moved into confidential pools.
Aptos itself has been building momentum on the infrastructure side. The mainnet originally launched in October 2022, and by April 2026, daily transaction volumes had surpassed 8 million.
Extending the privacy standard to other tokens, stablecoins being the obvious next candidate, would require a separate governance proposal and community vote.
What this means for the broader market Privacy in crypto has always been politically charged. Tornado Cash sanctions, Monero delistings, and ongoing regulatory scrutiny of mixing services have made the topic radioactive for many projects. Aptos is betting it can thread the needle by offering selective privacy that satisfies business needs without triggering the alarm bells that fully private transactions set off.
The fact that addresses remain visible provides a strong defense, since law enforcement can still trace the flow of funds between wallets even if individual amounts are encrypted.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bit2Me spustila Bit2Shield, samostatnou jednotku pro dohledávání, zabavování, úschovu a likvidaci krypta pro soudy, policii a finanční instituce. V roce 2025 už zpracovala zabavené krypto za 1,5 milionu EUR pro úřady včetně Interpolu, Europolu a španělské policie.
Spain’s largest cryptocurrency exchange Bit2Me has launched a separate company to help courts, police and financial institutions trace, seize, store and liquidate cryptocurrency linked to investigations.
Summary
Bit2Me has launched Bit2Shield to help courts, police and financial institutions trace, seize, store and sell cryptocurrency. Bit2Me processed €1.5 million in seized crypto for Interpol, Europol and Spanish police during 2025. Seized assets will be held in multisignature cold wallets, with sales arranged when ordered by the relevant authorities. Crypto to euro conversions will be handled by Bitcoinforme, Bit2Me’s entity authorized under MiCA in Spain. According to a statement from Bit2Me, the new unit, Bit2Shield, has been legally registered as CryptoShield S.L. and will provide forensic and operational services covering digital assets from the point they are identified during an investigation through their eventual sale when ordered by authorities.
The company will assist investigators during searches and seizures by extracting information from wallets, locating cryptocurrency and preparing digitally signed forensic reports that can be submitted in court. Its work will extend to fraud investigations, source-of-funds certification and training for police officers, judges and financial institutions.
Bit2Shield formalizes services that Bit2Me had already been providing to government agencies. During 2025, the exchange processed €1.5 million ($1.74 million) in seized cryptocurrency for authorities including Interpol, Europol and Spanish police, according to the company.
Blockchain analytics provider Chainalysis was used to trace the assets before Bit2Me converted the cryptocurrency into euros for the state.
Bit2Shield will manage crypto from seizure to sale Once digital assets have been located and seized, Bit2Shield will arrange their storage in cold wallets protected by a multi-signature setup, Bit2Me said. The assets can remain under custody until authorities issue instructions for their disposal.
When a court or another competent authority orders a sale, Bit2Shield will coordinate the process, while the actual crypto-to-euro conversion will be carried out through Bitcoinforme S.L., Bit2Me’s entity authorized by Spain’s securities regulator under the European Union’s Markets in Crypto-Assets framework.
Proceeds from the sale will then be transferred in euros to government bank accounts.
Bit2Me said Bit2Shield itself is not a crypto-asset service provider under MiCA because its activities center on investigations, digital forensics and training. Services that fall under the regulated conversion of cryptocurrency into fiat will remain with Bitcoinforme.
The distinction comes after the EU completed the final stage of its MiCA transition period on July 1. As crypto.news previously reported, only 281 of 1,343 crypto service providers operating across the European Economic Area had secured MiCA authorization by the deadline, leaving 1,062 without approval.
An Aug. 5 review of ESMA authorization data found that the regulator’s interim register is updated weekly and covers regulated activities including custody, crypto-to-fiat exchange, trading platforms, transfers, order execution and portfolio management. The data has since been made available through a searchable MiCA tracker for firms and compliance teams.
Bit2Me has expanded its work with banks The new forensic unit follows Bit2Me’s expansion into infrastructure used by traditional financial institutions, alongside its retail cryptocurrency exchange business.
In June, Spanish banking group Cecabank launched a regulated crypto platform for financial institutions after securing authorization for crypto custody, transfers and the reception and transmission of orders.
Bit2Me handles trade execution, liquidity, market access and the exchange layer under that arrangement, while Cecabank provides institutional custody and banking infrastructure. Renta 4 Banco became one of the first financial institutions to use the platform as it developed crypto trading services for clients.
The project grew out of a partnership established in May 2024. The two companies initially announced the MiCA-ready infrastructure in May 2025 while they were waiting for regulatory approval, with Bit2Me assigned responsibility for trading and market access.
Cecabank later began the European passporting process to extend its authorized crypto services into Ireland, Portugal and Luxembourg.
Bit2Me’s shareholders and financial backers include companies from both banking and crypto. Tether acquired a minority interest in the Spanish exchange in 2025 and led a €30 million funding round intended to support its expansion in Europe and Latin America. The Tether investment followed Bit2Me’s receipt of authorization under MiCA, allowing it to operate across EU member states.
Bankinter, Unicaja, Cecabank and Telefónica are among the other companies that have backed Bit2Me.
Crypto seizures require specialized custody Bit2Shield is entering a field where police agencies have increasingly turned to specialized crypto companies to manage digital assets after seizure.
South Korea’s National Police Agency, for example, awarded Upbit operator Dunamu a one-year contract in August to custody seized cryptocurrency after a public tender. Under that arrangement, confiscated assets are stored through Upbit Custody using offline cold wallets, with separate wallets for different types of assets and security based on multi-party computation, distributed key generation and multi-signature technology.
Spanish authorities have faced the same operational issue when cryptocurrency is recovered during criminal investigations. In April, National Police officers seized approximately €400,000 in crypto held in two cold wallets during an investigation into a manga piracy operation in Almería. The cold wallets were concealed inside a wall-mounted thermometer, according to police.
The case involved a Spanish-language manga piracy platform that authorities said had operated for roughly a decade and generated more than €4 million in advertising revenue since 2014. Three people were arrested during the operation.
Blockchain tracing can remain useful after investigators identify or recover digital assets because transactions leave records that can be followed across public networks. Chainalysis said in August that investigators can trace funds even in cases involving physical cryptocurrency theft, while its research documented more than $30 million stolen through successful kidnappings, home invasions and other violent attacks during the first half of 2026.
In a separate investigation disclosed in August, Chainalysis traced 29,120 cryptocurrency addresses and digital identifiers connected to more than 100 child sexual abuse material platforms, forums and distribution networks. The work generated 14,300 investigative leads and identified more than 7,700 suspect accounts across cryptocurrency exchanges and payment platforms.
Bit2Shield’s investigations will be led by Adrián Maroño, a former member of the Spanish Civil Guard’s Central Operational Unit, known as UCO. His responsibilities will cover the forensic and investigative work carried out by the new company for courts, law enforcement agencies and financial institutions.
BDACS zvolila standard OFT od LayerZero pro KRW1, první korejský stablecoin krytý wonem, aby jej mohla nativně provozovat napříč více blockchainy. Každý KRW1 se má při přesunu mezi sítěmi odepsat na zdrojové a připsat na cílové síti.
BDACS, the largest digital asset custodian in South Korea, has selected LayerZero's OFT standard as its interoperability solution for KRW1, the first on-shore Korean won-backed stablecoin. To build with it, visit Developers or reach out to our team.
KRW1, the first Korean won-backed stablecoin, already exists as a multi-chain asset on Ethereum, Avalanche, and Circle’s Arc. But for BDACS, the issuer of KRW1, the distribution and utility of KRW1 has been limited by friction related to its cross-chain interoperability infrastructure.
After a rigorous review of options to bring KRW1 natively multi-chain, BDACS chose LayerZero's OFT (Omnichain Fungible Token) standard.
A standard already tested at scale The OFT standard is the same standard Tether uses for USDT0, PayPal for PYUSD, and Paxos for USDG. It now facilitates 87% of all cross-chain volume transferred and has transferred $280 billion in lifetime transfers across 170+ chains. BDACS's decision puts KRW1 on infrastructure other major stablecoin issuers already put through rigorous diligence before adopting.
The OFT standard is designed with institutional and enterprise-grade issuers top of mind. It provides issuers with the customization and control they need to satisfy regulators and enterprise-grade security teams, while simultaneously lowering the operational burden to add the next incremental chain and manage the resulting supply fragmentation.
Under the OFT standard, when KRW1 moves across chains, it will now be debited on the source chain and credited on the destination chain. One KRW1 supply will exist across every connected network, instead of several disconnected instances competing for liquidity. Stargate, LayerZero's cross-chain transfer application, is what executes that debit-and-credit transfer for users moving KRW1.
Why the timing matters Korea's Won Internationalization Roadmap, published in July 2026, commits to amending the Foreign Exchange Transactions Act to establish a legal basis for won-denominated stablecoins. Related measures, including offshore won accounts and a 24-hour offshore won settlement network piloting into 2027, build the institutional plumbing for the won to move outside Korea.
Cross-chain interoperability builds the circulation side of that plan. Each KRW1 unit that moves under the OFT standard extends won-denominated liquidity to any LayerZero-connected chain, without depending on one network's ecosystem for reach. Most bridged omnichain stablecoin volume today is denominated in dollars; this integration puts the won into that mix.
BDACS is the largest digital asset custodian in Korea by assets under custody, and the first company to issue a won-backed stablecoin. KRW1 stays fully reserved 1:1 with Korean won held at Woori Bank, with independent attestation of reserves, a compliance position that does not change as KRW1's network reach grows.
Harry Ryoo, CEO of BDACS said, "The value of a Korean won stablecoin lies in its global scalability." He added, "KRW1, the leading Korean won stablecoin, has established a technical foundation to expand beyond Korea into global markets by enabling more flexible use across multiple blockchains through the application of OFT. Building on this technical foundation, we will continue to expand the scope of KRW1's use going forward."
Start building Developers integrating stablecoins across chains can start with LayerZero's OFT standard. Visit Developers or reach out to our team.
About BDACS BDACS is a digital asset infrastructure company providing custody to institutional clients. In the first half of 2026, it surpassed 80 billion KRW in assets under custody, the largest total of any digital asset custodian in Korea. BDACS holds SOC 1 and ISO 27001 certifications and is pursuing SOC 2. It issued KRW1, the world's first Korean won stablecoin, and partners with Woori Bank, Galaxy Digital, and Circle.
About LayerZero LayerZero is where finance and the internet converge. It makes any token or application compatible with every type of blockchain. From protocols to institutions, organizations use LayerZero to build, issue, and scale digital assets and products. It connects 170+ blockchains, processes millions of messages a year, and powers billions in value transfer. Trusted by PayPal USD, Ethena, Ondo Finance and more, LayerZero has become the standard for building on blockchains.
Akcie Metaplanet po reakci generálního ředitele na kritiku ředění klesly o 7,5 % na 271 jenů. Firma čelí otázkám kvůli opčnímu poolu, který narostl z 46 milionů na 319,46 milionu akcií.
When the CEO of a Bitcoin treasury company finally speaks up about governance concerns, you’d expect the stock to stabilize. Metaplanet’s shares had a different idea, falling roughly 7.5% to close at 271 yen on September 7, the trading session after CEO Simon Gerovich posted his response to shareholder criticism.
The Tokyo-listed firm, which adopted a Bitcoin-centric treasury strategy in 2024, is facing pointed questions about an executive stock option pool that ballooned nearly sevenfold. Gerovich’s attempt to reassure investors appears to have had the opposite effect.
The option pool problem At the center of the controversy is Metaplanet’s Series 10 executive option pool. Originally sized at approximately 46 million shares, the pool swelled to 319.46 million shares thanks to a floating allocation formula tied to the company’s fully diluted share count.
On August 18, the company moved to cap the pool at 319.46 million shares, freezing it at its already-expanded size. A five-year lock-up was also instituted, meaning those options can’t be touched until August 17, 2031.
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Just ten days after the cap was announced, Gerovich exercised 92,000 units on August 28, converting them into 64,032,000 common shares. That brought his total holdings to 79,587,500 shares.
Gerovich’s response and the MMXX question On September 6, Gerovich took to X to address the growing chorus of shareholder discontent. He acknowledged that the company needed to communicate more effectively on governance matters and outlined plans for future remuneration policy transparency.
He also clarified his relationship with MMXX Ventures Limited, a firm established in 2022 that holds approximately 42,474,750 shares of Metaplanet, representing about 3.26% of the company. Gerovich stated that while he has an association with MMXX Ventures, he does not hold any operational role there.
The broader Bitcoin treasury dilemma Metaplanet’s governance turbulence isn’t happening in a vacuum. The company is one of several publicly traded firms that have tied their corporate identity to Bitcoin holdings, following the playbook popularized by MicroStrategy’s Michael Saylor. The basic pitch: hold Bitcoin on the balance sheet, use equity markets to fund purchases, and let the company’s stock serve as a leveraged proxy for Bitcoin exposure.
Repeated equity issuances to fund Bitcoin purchases dilute existing shareholders. Executive option pools that expand automatically with each issuance compound that dilution.
The floating mechanism that allowed the Series 10 pool to expand from 46 million to 319.46 million shares was embedded in the option structure since 2023. That it was only capped in August 2026, after it had already grown nearly seven times over, raises fair questions about whether the board’s oversight kept pace with the strategy’s execution.
Capping the pool and imposing a five-year lock-up are concrete steps. But they also crystallize a new reality: 319.46 million shares are now earmarked for executive compensation, locked until 2031.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Spotový XRP ETF od Bitwise překonal 500 milionů USD v AUM pouhých devět měsíců po spuštění. I přes prudký pokles ceny XRP fond dál přitahuje čisté přílivy.
Bitwise Asset Management’s spot XRP exchange-traded fund has crossed a notable threshold, reaching more than $500 million in assets under management only nine months after it started trading. The firm shared the update on August 31, 2026, highlighting how quickly the product has drawn capital from investors seeking regulated exposure to XRP.
The fund, which trades under the ticker XRP, began listing on the New York Stock Exchange on November 20, 2025.
At launch it carried a 0.34 percent annual fee, with the sponsor waiving that charge on the first $500 million of assets for the opening month.
That introductory structure helped attract early interest from both retail and institutional buyers who wanted XRP exposure without holding the token directly or managing private keys.
What makes the $500 million mark striking is the backdrop of XRP’s price action.
The token has fallen sharply from levels seen earlier in 2026, yet the fund has continued to gather net inflows.
Those new subscriptions have more than offset the decline in the value of the underlying holdings.
By late August the product held roughly 364.8 million XRP tokens.
Across the broader US spot XRP ETF category, combined assets stood near $1.53 billion, with cumulative inflows exceeding $1.5 billion since the first products appeared.
14 years in, and the ripple:native community continues to be unstoppable.
The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—just 9 months after launch.
Grateful for the chance to expand mainstream access to XRP and steward investors’ exposure to the opportunities in this… pic.twitter.com/sgeMDiY5ce
— Bitwise (@Bitwise) August 31, 2026
Bitwise occupies the leading position among those funds.
Competitors such as Franklin Templeton’s XRPZ and Canary Capital’s offering have also seen inflows, but Bitwise has maintained the largest share of both assets and tokens held.
The $500 million level is often viewed as a psychological milestone that signals a product has achieved a stable investor base and greater liquidity.
The company framed the achievement as evidence of enduring community support.
In its announcement it noted that fourteen years after XRP’s creation, demand remains strong and expressed appreciation for the chance to give traditional investors a straightforward way to participate.
The ETF structure removes the operational and custodial hurdles that have historically limited institutional participation in digital assets.
The rapid accumulation also reflects a wider shift toward listed crypto products.
After Bitcoin and Ethereum ETFs demonstrated that regulated wrappers can attract sizable capital, issuers moved quickly to offer similar vehicles for other large-cap tokens.
XRP’s long operating history, focus on payments infrastructure, and relatively clear regulatory standing in the United States have made it a natural candidate.
Persistent inflows even during a price slump suggest many investors are treating the allocation as a longer-term position rather than a short-term trade.
For advisors and institutions that cannot or prefer not to custody crypto themselves, the Bitwise product provides a familiar brokerage-account wrapper, daily liquidity, and professional administration.
As more wealth managers become comfortable with digital asset ETFs, products that reach scale first often capture a lasting advantage in visibility and trading volume.
The $500 million crossing therefore represents both a commercial success for Bitwise and another data point in the gradual integration of crypto into conventional portfolios. Whether the fund continues its growth trajectory will depend on XRP’s market performance, competing products, and the broader appetite for alternative asset exposure.
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Ethereum Foundation uvedla, že cílem je učinit Ethereum Layer 1 odolným vůči kvantovým počítačům do prosince 2029. Současně zveřejnila hodnocení 62 EIP pro upgrade Hegotá.
The Ethereum Foundation (EF) has shared the results of its comprehensive review process for Hegotá, planned as one of the next major upgrades to the Ethereum network. The study, published by Protocol Cluster within the Foundation, examined and rated 62 Ethereum Improvement Proposals (EIPs) proposed as part of the upgrade.
Published under the title “Hegotá EIP Opinion Compilation and Rating List,” this assessment is the first unified EIP rating list prepared by Protocol Cluster for a single Ethereum network upgrade. Approximately 60 researchers, engineers, and domain experts from nine different teams within Protocol Cluster participated in the review process. Participants submitted a total of 397 evaluation comments, with some of the controversial proposals discussed in face-to-face meetings.
Another study published by the Ethereum Foundation outlined the current and long-term development priorities for the Ethereum protocol layer. The most notable of these goals was making the Ethereum Layer 1 network resilient to quantum computers by December 2029.
The foundation stated that the scope of the Hegotá upgrade was determined by considering the Protocol Cluster’s long-term technical commitments and the shared priorities identified among the teams. The published rating of the 62 EIPs is also expected to contribute to the decision-making process regarding which proposals will be included in the upgrade.
*This is not investment advice.
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Bitwise podal upravenou žádost S-1 o spotové Ethereum ETF a doplnil do ní staking, provoz validátorů i riziko slashing. SEC staking ve spotových ETH ETF zatím neschválila.
Bitwise has filed an amended S-1 registration statement for its spot Ethereum ETF, adding language around staking mechanics, validator operations, slashing risk, and staking-yield accounting.
The filing is significant because staking remains one of the biggest unresolved questions around spot Ethereum ETFs. ETH is not just a passive asset. It secures a proof-of-stake network, and holders can earn rewards by participating in validation.
ETF staking would change the product conversation.
But the caveat is just as important: the SEC has not approved staking inside spot Ethereum ETFs. Bitwise’s filing is a proposal, not a green light.
For more details, visit the official Sec platform.
TL;DR Bitwise filed an amended spot Ethereum ETF S-1. The amendment includes staking mechanics and validator-risk disclosures. The SEC has not approved staking for spot ETH ETFs. Why Staking Is Such A Big Issue Ethereum staking is central to ETH’s investment case.
When ETH is staked, it helps secure the network and can earn protocol rewards. For direct ETH holders, staking is one reason the asset can look different from Bitcoin. It has a yield-like component tied to network participation.
Spot Ethereum ETFs complicate that.
If an ETF holds ETH but cannot stake it, investors may receive price exposure without the potential staking rewards. If an ETF can stake, the fund may become more attractive, but it also introduces new operational and regulatory questions.
That is the tension.
Slashing Risk Has To Be Disclosed Staking is not risk-free.
Validators can be penalized for certain failures or misconduct, a process known as slashing. There are also risks around downtime, validator concentration, custodian operations, smart contract exposure, and reward variability.
An ETF structure would need to explain those risks clearly.
Bitwise’s amended filing adds detail around custodian staking operations and slashing protection. That matters because regulators and investors need to understand how ETH would be staked, who operates validators, how rewards are treated, and what happens if something goes wrong.
The SEC Question Remains Open This is not an approval.
A filing amendment shows what Bitwise wants to include and how it proposes to disclose the mechanics. The SEC still has to decide whether staking can be part of a spot Ethereum ETF structure under its review standards.
That uncertainty is the story.
Issuers may want staking because it makes ETH products more complete. Regulators may want more comfort around custody, investor protection, securities-law implications, and operational risk before allowing it.
Why Investors Care ETF investors care because staking can affect returns.
A non-staking ETH ETF may underperform direct staked ETH over time, depending on fees and reward rates. That could make the ETF less attractive to sophisticated investors who can access staking elsewhere.
On the other hand, a staking-enabled ETF could bring new complexity.
Some investors may prefer a simpler product that tracks ETH without validator exposure. Others may want the fund to capture as much of ETH’s economic profile as possible.
The Market Signal Bitwise’s amendment keeps the staking debate alive.
Ethereum ETF products are still evolving, and issuers are testing how far the structure can go. Staking is the next big frontier because it touches the heart of what ETH is.
The market should not treat the filing as approval.
But it should recognize that issuers are still pushing for Ethereum ETFs to become more than passive spot exposure. If the SEC eventually allows staking, the ETH ETF market could look very different.
This article draws on Bitwise’s amended S-1 filing for its spot Ethereum ETF.
This article was written by the News Desk and edited by Samuel Rae.
Ethereum Institutional uvítal plán Jižní Koreje začlenit tokenizované cenné papíry do regulovaného kapitálového trhu a slíbil podporu institucím na síti Ethereum. FSC chce v první fázi, která začne začátkem února po nabytí účinnosti související legislativy, zavést tokenizaci fondů peněžního trhu a dluhopisů pro instituce.
SEOUL, Sept. 8 (Yonhap) -- Ethereum Institutional welcomes South Korea's latest push to integrate tokenized security offerings (STOs) into the formal capital market framework and is willing to support institutions planning to adopt its network, the organization's co-founder said.
Matthew Dawson, the co-founder of the nonprofit organization, made the remarks in an exclusive interview with Yonhap News Agency in Seoul, which came on the sidelines of his first visit to the country.
"I can't think of a better time with regulatory clarity coming to meet Korean institutions, as they look to define their digital asset strategy," he said during the interview held Monday.
Ethereum Institutional is an independent organization that supports institutions seeking to launch assets on the ethereum ecosystem -- the second-largest blockchain network in the world after bitcoin.
Matthew Dawson, the co-founder of Ethereum Institutional, speaks during an exclusive interview with Yonhap News Agency in Seoul on Sept. 7, 2026. (Yonhap)
Dawson's comment comes after South Korea's financial services commission (FSC) unveiled a three-step road map Friday to expand STOs beyond fractional investment products into conventional securities, including stocks, bonds and funds.
The first stage will start in early February, when related legislation takes effect, with the tokenization of money market funds (MMF) and bonds for institutions.
The second phase calls for the tokenization of publicly offered securities, such as bonds, stocks and funds, while the third step aims to establish an on-chain payment infrastructure linking stablecoins.
"As the FSC road map unfolds and we see institutions actually deploying those assets ... we will be supporting them in whatever way they need," Dawson said, noting tokenized MMFs from major U.S. institutions, including BlackRock, J.P. Morgan and Fidelity, already operate on the ethereum network.
In South Korea, domestic virtual asset exchange operator Upbit hosts a stablecoin payment system on the ethereum layer-2 blockchain called GIWA.
The price of the ethereum cryptocurrency is displayed on a screen inside the Bithumb building in southern Seoul, in this file photo taken Nov. 5, 2025. (Yonhap)
Dawson described South Korea as a "powerhouse" in both finance and technology, saying its strong developer community, as well as its capacity to build both traditional financial institutions as well as fintech and neo-banks, make it an important country for the ethereum ecosystem.
The co-founder is seeking to meet with several financial institutions here, including major brokerages, asset managers and banks, during the trip.
The organization also plans to scale up, actively hiring technical and business consulting roles across Asia, including South Korea, to bring more capacity to support institutions directly, Dawson added.
When asked about Ethereum Institutional's long-term goals in South Korea, Dawson said it plans to focus on the network's actual deployment, to stay committed to ethereum's "unique" identity as global infrastructure for everyone to use.
"I saw ... in the news that Korea is actively working to make AI accessible to everyone and to have less dependency on U.S. and Chinese models," he said, pointing to a project to develop publicly accessible artificial intelligence services led by South Korea's science ministry.
"If we take that framing and consider that from a blockchain perspective, ethereum is the most neutral blockchain, which gives confidence to Korean institutions, regulators and governments that they can operate globally without the threat of a foreign nation taking advantage or control of this."
Cardano Foundation a Blockforce zaznamenaly na Cardanu přes 500 000 záznamů o dodavatelském řetězci. Systém běží v produkci pro velké brazilské módní skupiny.
A Dual-Ledger Approach to Supply Chain VerificationThe Cardano Foundation (@Cardano_CF) and Brazilian technology firm Blockforce have put Cardano to work as the public proof layer in an enterprise supply chain platform, with more than 500,000 records already anchored on-chain. The system is live in production, not a pilot, and is currently operating with some of Brazil's largest fashion groups.
The architecture is built around a clear separation between confidentiality and verifiability. Sensitive commercial information, including supplier identities, contract terms, and production volumes, stays on that permissioned network.
This matters because the two obvious alternatives both fall short. A fully private database protects commercial secrets but gives no outsider a way to independently verify anything. A fully public ledger provides verifiability but exposes pricing and supplier relationships to anyone watching the chain. Blockforce's setup sidesteps both problems.
Cost Engineering and the Road AheadScaling a proof-anchoring system to enterprise volumes requires keeping per-record costs manageable. The published architecture processes up to 44 certificates per transaction, with each certificate remaining individually verifiable. That figure comes from the project partners and has not been independently audited.
The company uses supplier, fiscal, and government database records to build each traceable record before it is proofed and anchored.
Sources:
Cardano Foundation: Blockforce Partnership Case Study
Crypto.news: Cardano Anchors 500,000 Supply Chain Records
CoinTurk: Cardano Anchors Over 500,000 Brazilian Supply Chain Records
Tether podle CEO Paola Ardoina dál rozšiřuje dolarovou síť a zisk financuje nákupy Bitcoinu i zlata. Firma od května 2023 alokuje až 15 % realizovaného provozního zisku do BTC.
Tether isn’t just printing digital dollars anymore. CEO Paolo Ardoino has laid out a vision that positions the stablecoin giant as something closer to a sovereign wealth fund, one that distributes dollars globally while quietly amassing enormous reserves of Bitcoin and physical gold.
Tether has been buying between 1 and 2 tons of gold every single week. Let that accumulate over months, and you get approximately 140 tons of gold valued at roughly $23-24B.
Ardoino has indicated the company targets gold at approximately 10-15% of its investment portfolio. The purchases are funded not by minting more USDT, but by profits from Tether’s core operations. Tether earned an estimated $10-13.7B across 2024 and 2025, with expectations for 2026 running even higher. When your stablecoin has $186B in market circulation and you’re earning yield on the reserves backing it, the cash flow becomes almost absurdly large.
The company has also reportedly been hiring ex-HSBC traders and expanding into gold trading operations.
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Tether has been allocating up to 15% of its realized operating profits to Bitcoin since May 2023, building a position that now sits somewhere in the range of 83,000 to 100,000 BTC. At current prices, that Bitcoin treasury is worth north of $8B. Ardoino has described Bitcoin as a “digital inflation hedge” and, in more colorful terms, a crucial defense against what he called an “apocalyptic future.”
The Bitcoin allocation targets roughly 10% of the overall investment portfolio, mirroring the gold strategy. Together, these two hard-asset positions represent about 20-25% of Tether’s total reserves, with US Treasuries and cash equivalents making up the bulk of the company’s backing.
With approximately $186B in circulation, Tether’s stablecoin dwarfs every competitor and serves as the de facto digital dollar for emerging markets worldwide. In parts of Latin America, Africa, and Southeast Asia, USDT functions as a savings vehicle and payments rail in ways that traditional banking simply doesn’t reach.
Tether earns yield on the Treasury bonds and other instruments backing USDT, while users get the dollar exposure they want. USDT holders don’t earn interest, making the spread between what Tether earns on reserves and what it pays out the core business model.
The company has also launched Tether Gold (XAUT), a tokenized gold product that has been gaining traction. If Tether’s physical gold holdings continue to grow at the current pace, XAUT could allow the company to monetize its gold reserves twice: once through appreciation and once through tokenization fees.
Tether’s Bitcoin purchases represent a steady, programmatic source of buying pressure. A company allocating 15% of multi-billion-dollar annual profits to BTC on an ongoing basis creates a persistent bid in the market. Hiring traders from major banks and building physical commodity positions gives Tether credibility with institutional players who might otherwise dismiss a stablecoin company as a purely crypto phenomenon.
A company holding $186B in stablecoin liabilities, 140 tons of gold, and nearly 100,000 Bitcoin has become systemically relevant. Any shock to Tether’s operations, whether regulatory, operational, or reputational, would now send ripples through multiple asset classes simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XLM crypto price moved closer to $0.20 after gaining 1.45%, extending its recovery from an August low near $0.155.
Another potential source of liquidity for Stellar’s payment-centric network follows Tether’s USDT0 token launching on it earlier this week. Over the past few rallies the XLM price has struggled to break through its previous price records.
USDT0 expands Stellar’s stablecoin offering On September 2, the Stellar Development Foundation announced the arrival of USDT0.
People and businesses are able to use Tether’s USDT liquidity through Stellar, using USDT0, and potential use cases include international payments, transferring funds between financial applications and company settlements.
This means that instead of creating separate pools of tokens for every network supported by the asset, there is one common supply supported by USDT.
The move is set to increase the choice of digital dollars on Stellar’s payments platform, joining other USD-backed and euro-backed stablecoins already available on the system like UDSC and PYUSD.
Users do not have to hold XLM to send out payments; the network’s token is mostly used to cover transaction charges and maintain accounts. However, stablecoin usage would increase activity and make XLM popular amongst its peers.
XLM price approaches a familiar barrier XLM was swapping hands at $0.1903 at the time of this writing, having ranged between lows of $0.1854 during the trading session and climbed to $0.1964 at its highest. The total amount of trades of XLM has now totalled 87.09 million.
The price is now nearing $0.20 again, and this area stopped advances in July and again in the second half of August.
However, touching that level briefly may not be enough, since buyers will need to keep XLM above the level of $0.20 to suggest that a room for a potential rally is ahead.
Source: TradingView In that scenario $0.21 will be looked at next, then $0.22; again an area in the past that has brought sellers out.
If rejected from these levels, it means XLM could fall back down to around the $0.18 mark. It recently saw support from these regions; a rejection, however, means that it could potentially move into the trading regions last seen in August, which lie near $0.16.
Buying interest has started to pick up, although it is still nowhere near the levels of the sharp rallies it printed earlier in the year. Although XLM is moving in the right direction, the recovery is holding back for its biggest push.
Final Summary XLM reached $0.1964 as buyers pushed the price towards the repeatedly tested $0.20 level. USDT0 has expanded Stellar’s stablecoin offering, although its effect on demand for XLM remains uncertain.
Chainlink zavádí SVR, který rozšiřuje standardní Chainlink Price Feeds o volitelnou soukromou transmisní vrstvu a má vracet OEV zpět protokolu místo botům. Řešení se rozšířilo na Base, Arbitrum a BNB Chain.
Every time a Chainlink oracle pushes a new price onchain, it can instantly render some collateralized loans eligible for liquidation. Automated bots race to capture that opportunity, pocketing the profit while the protocol that generated the price update walks away with nothing. The industry has a name for it: Oracle Extractable Value, or OEV.
@chainlink has built a mechanism to change that. Smart Value Recapture (SVR) extends standard Chainlink Price Feeds with an optional private transmission layer. In practice, the price report travels two routes simultaneously: one through the public mempool as normal, and one through a private channel where searchers bid for the right to execute the resulting liquidation.
Designed to Be Non-Toxic A key feature of the design is its deliberate scope. Protocols that worry about the private route failing also have a safety net:
From Ethereum to Multi-Chain
Since that launch, adoption has broadened considerably. @chainlink has also added a second auction venue and extended SVR to Base, Arbitrum, and BNB Chain, deepening the multi-chain reach of the product.
Harmony uvedla, že po sjednocení převodů mezi burzami klesla dočasná mezera ONE na 6,581 miliardy z původních 10,234 miliardy. Současně koordinuje obnovení vkladů, výběrů a obchodování s ONE.
PANews, September 8 - Harmony released an update on the exchange reconciliation following the August 11 incident, stating that it has verified on-chain deposits, withdrawals, and cross-platform fund flows with Binance, Gate, KuCoin, MEXC, OKX, and Binance.US. Exchange teams have frozen large amounts of ONE balances and hacker proceeds. The current priority is to coordinate the resumption of ONE deposits, withdrawals, and trading as soon as possible, with specific resumption times to be announced separately by each exchange.
Harmony stated that after matching 295 cross-exchange transfers totaling approximately 3.493 billion ONE, and adjusting for circular transfers and return funds, the provisional gap has decreased from approximately 10.234 billion ONE to 6.581 billion ONE, a reduction of about 3.653 billion ONE. This change is due to adjustments in reconciliation methodology and does not equate to newly recovered funds. Among these, Binance's data remains a provisional upper-bound estimate, while some data from Gate and OKX are still pending final verification.
In addition, this work will be coordinated with the ONE migration and validator transition proposal. According to the proposal, validators may cease operations starting from 22:00 Beijing time on September 10.
Spoluzakladatel Solana Labs Anatoly Yakovenko řekl, že změna zdanění stakingových odměn IRS by pro ekosystém Solany znamenala víc než úpravy burn mechanismů, poplatků či inflace. Kritizoval, že odměny jsou daněny jako běžný příjem hned po jejich získání.
Anatoly “Toly” Yakovenko, co-founder of Solana Labs, made a pointed argument on September 7: changing how the IRS taxes block rewards would do more for Solana’s ecosystem than any tweak to the network’s burn mechanisms, transaction fees, or inflation schedule.
The tax problem nobody wants to do math on The core issue traces back to IRS Revenue Ruling 2023-14, which treats staking rewards as ordinary income the moment a validator or delegator gains “dominion” over them. In practical terms, that means if you earn 100 SOL in staking rewards and SOL is trading at $150, you owe income tax on $15,000, even if you never sold a single token.
This creates what tax professionals call “phantom income.” You have a tax bill on gains you haven’t actually realized. If SOL’s price drops 40% before you sell, you still owe taxes based on the higher value at the time you received the rewards.
The burden falls hardest on smaller stakers who may not have the liquidity to cover tax obligations without selling their rewards. That selling pressure, ironically, can push prices down further, creating a cycle that discourages the very participation proof-of-stake networks depend on.
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Legislative momentum, but no finish line In December 2025, Representative Mike Carey and 18 of his congressional colleagues sent a letter to the IRS urging the agency to revise its guidance on staking and mining rewards before the 2026 tax year.
The core of the reform argument is that staking rewards should be treated as newly created property, not income. Under this framework, tokens earned through staking would only become taxable when they’re actually sold.
The Solana Policy Institute has been active on this front as well, filing legal briefs that advocate for realization-based taxation on newly minted tokens.
Despite the bipartisan interest, the IRS hasn’t budged from its 2023 position. Revenue Ruling 2023-14 remains in effect, and no formal rulemaking process has been announced to modify it.
Solana’s tokenomics debate takes a back seat SGP-0002, a governance proposal that doubles Solana’s disinflation rate to 30%, was approved in late August 2026. The proposal accelerates the pace at which new SOL issuance decreases over time, making the token’s supply dynamics more deflationary.
Yakovenko’s framing suggests these efforts are secondary. His reasoning appears to be that enhancing network capacity and reducing latency, paired with favorable tax treatment, would have a compounding effect that dwarfs what protocol-level economic tweaks can achieve alone. He also indicated support for testing burn mechanisms specifically to benefit app developers, but positioned this as a complementary effort rather than the main event.
What’s actually at stake The implications extend well beyond Solana. Every proof-of-stake network in the US ecosystem faces the same tax headwind. Ethereum stakers, Cosmos delegators, and participants across dozens of other networks all contend with the same Revenue Ruling 2023-14 framework.
The 2026 tax year is already underway, meaning any retroactive guidance change would need to come relatively soon to affect current filing obligations. For US stakers across every network, the clock is ticking on a problem that no governance proposal can solve.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana spustila pětistupňové snížení minimálního zůstatku $SOL pro on-chain úložiště, což může uvolnit až 3,06 mil. $SOL k výběru. Nejde o airdrop, ale o vracení přebytku držitelům účtů.
Amid numerous network upgrades, Solana has started a 5-stage reduction in the amount of $SOL users must lock into accounts to cover onchain storage. The reform could eventually make about 3.06M $SOL available for users to reclaim.
Why Everyone Is Calling It a $319M Airdrop At around $100 per $SOL, that represents more than $300M. A price around $104 would put 3.06M $SOL near $319M, which explains the figure circulating online.
However, Solana users should not expect the network to distribute free $SOL. The tokens already belong to account holders. The rent reduction lowers the minimum balance required to maintain accounts, potentially leaving some accounts with excess lamports that users can reclaim. Solana activated the first SIMD-0437 feature gate at epoch 1028 on September 3. The change reduced the lamports-per-byte figure from 6,960 to 6,333, delivering an initial 9% reduction.
Developers will not automatically activate each remaining stage. They will examine state growth at each level before deciding whether to proceed. A separate safeguard, SIMD-0438, can restore the original 6,960 value if state growth creates problems.
The second stage reached testnet on September 3 and cuts the figure to 5,080 lamports per byte. Developers expect mainnet activation in mid-September. The remaining 3 stages target Agave 4.4, which is expected in November.
What “Rent” Actually Means Solana calls the required balance rent, but users do not permanently pay this money as a fee. The balance works as a refundable bond that covers the storage an account occupies across validators.
Solana calculates the minimum balance using:
Minimum balance = (128 + data size) × lamports per byte
SIMD-0437 ultimately reduces the constant from 6,960 to 696, a 90% reduction.
For an SPL token account, the change could reduce the deposit from about $0.159 to $0.0159, assuming similar economics. A business creating 1M token accounts could therefore see its required deposits fall from about $159,000 to $15,900.
How Can You Reclaim the Excess $SOL? If you have $SOL and other Solana ecosystem tokens in your wallet, you are definitely eligible for the claim, depending on the token accounts in your wallet.
You can now recover the difference between your current $SOL rent balance for each token account and the new minimum rent as the rent required reduces, using multiple tools such as Sol-Incinerator’s ‘incinerator’ tool.
The first stage of the rollout, which is currently live on mainnet, has reduced the required rent by about 10% of the 696 lamport target. The remaining 90% will be available to claim as the remaining 4 stages go live.
The reclaim mechanism adds another important part to the story. Solana's Token Program now includes a WithdrawExcessLamports instruction through its May P-token upgrade. The instruction is what enables wallet providers, DeFi apps, and other onchain services to claim the $SOL sitting above the rent-exempt minimum from a token account, mint, or multisig account without closing the account or affecting its token balance.
Another Step in Solana's Upgrade Cycle The Solana network is embodying the popular “Increase Bandwidth, Reduce Latency” maxim as the rent reduction arrives alongside other major Solana changes. SIMD-0525 recently reduced the target slot time from 400ms to 300ms, with 2 further reductions planned before the network reaches the proposed 200ms target.
Meanwhile, Transaction V1 has reached testnet and increases the maximum transaction size from 1,232 bytes to 4,096 bytes. The larger format could accommodate workloads such as ZK proofs, large multisigs, and confidential transfers within a single transaction.
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The Solana logo appears on the screen of a smartphone in Reno, United States, on December 5, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images)
NurPhoto via Getty Images
“After 500 calls in the past few hours we got all the votes in the last few seconds and passed the disinflation proposal by a literal hair,” Mert Mumtaz, the chief executive of Solana infrastructure company Helius, posted to his 2.2 million followers on Friday, August 28. SOL changed hands at $101.73 on Friday, September 4, down 3.4% on the day.
The validator and data publication Solana Compass posted “SGP-0002: 67.001%. Bar: 66.667%. Margin: 0.334 pts,” as the count closed, with 176.29 million SOL voting for and 66.19 million against. “With 70 min left, it was losing by 58M $SOL. @mert made 500+ calls. Kraken reversed. JitoSOL overrode validators,” the same post said, putting turnout at 60.7% of eligible stake across 1,326 validators.
Lark Davis, a New Zealand-based commentator posted to his 1.5 million followers that Kraken had voted against mid-count “nearly sinking it before flipping at the last minute”, after the exchange moved roughly 8.9 million SOL against the proposal with under three hours left, and swung about 8.1 million back behind it in the final hour. “Less dilution for holders, lower staking rewards for validators. Not everyone’s happy, but the vote is done,” Davis wrote.
Trading Yield, Not Prices
MacBrennan Peet, the founder of Project 0, said on the On The Margin podcast: “when I think about trading, I think primarily about trading yield, not trading prices,”. Describing the delta-neutral yield hunt that sets the price of capital across chains. “So not necessarily taking directional exposure on something going 10x, but seeing a difference in spreads across market and taking advantage of that,” he said.
“Perhaps you want Bitcoin exposure. You’ve chosen that you want to be long Bitcoin. And now that you have the Bitcoin asset, you want to maximize your yield on it,” Peet said of the same hunt one asset over, describing the alternative as fragmented: “multiple fragmented accounts that also have no idea of your risk exposure across different venues.” According to Solana Company’s published figures, SOL holders are now maximizing on 4.34% in year one against 5.84% on the old schedule, 3.00% in year two and 2.25% in year three, assuming 68% of SOL stays staked.
“It’s math. It’s just a hard asset,” said the co-founder of bitcoin custody firm Onramp, Michael Tanguma. Making the case that scarcity is the only durable defense against a shrinking share. “Everyone gets diluted unless they import a harder form of money,” he said, and “now you’ve got to understand that there’s no real choices.”
Reopening The Settled, Deterministic Schedule
The Company’s objection is not to “lower issuance as an end state, but rather to reopening the settled, deterministic schedule,” Solana Company said on August 21, voting against SGP-0002 “on grounds of timing, not intent.” Staking on the Nasdaq-listed treasury vehicle’s own SOL produced $2.512 million of its $2.526 million in revenue in the quarter ended June 30, or 99.4%.
The proposal’s authors, the Helius engineers Lostin and 0xIchigo, who put the saving at about 18.9 million SOL over six years, wrote “41% of validators already opting for a 0% commission on emissions” will barely register the change.
Nothing Changes For Your Stake Today
“Nothing changes for your stake today. SGP-0002 is a governance mandate rather than a live protocol change yet,” wrote Andre Caldeira of the staking provider P2P.org. The cut lands only once SIMD-0550 is “accepted and activated through the normal Solana feature-gate process.”
The platform Nexo told its 279,000 followers on Wednesday that Solana’s validators voted through a “permanent cut to future token issuance,” listing it among the signals that “held up underneath” a soft week. It is the trade other networks have already run, and SOL sits far below the $250 level traders were modeling in the spring.
“SOL $1,000,” Mumtaz wrote to close the victory post, above a line of thanks: “THANK YOU TO EVERYONE WHO WAS OPEN TO CHANGING THEIR MIND”.
