Southbound funds have concentrated their buying on domestic large language model stocks for two consecutive months: snapping up large volumes of Zhipu in July and buying up MiniMax in August.
Beating AI News Brief: Southbound funds have made domestic large language model (LLM) companies the top Hong Kong-listed stocks purchased by them for two consecutive months. In July, Zhipu AI was the most bought Hong Kong stock by southbound funds, with buying volume exceeding that of Alibaba and Tencent. In August, the top spot shifted to MiniMax, with monthly purchases totaling HK$10.6 billion, also outstripping Alibaba and Tencent. MiniMax attracted capital even faster after its Hong Kong Stock Connect debut. It only officially joined the program on August 6, so mainland investors could not access it via this channel before that. On its first trading day, southbound funds net bought HK$2.697 billion; on the second day, they added HK$2.226 billion, bringing the two-day total to over HK$4.9 billion. In less than a month, southbound funds’ shareholding in MiniMax surged to 9.7%. Zhipu AI was added to the Stock Connect earlier, joining on June 8. It saw HK$920 million in net southbound buying on its first day, followed by net purchases of HK$13.7 billion across five consecutive trading days in July’s first week, plus another HK$10.6 billion the next week. Currently, southbound funds hold around 11% of Zhipu AI’s shares, a larger stake than in MiniMax. Both companies remain in a phase of high growth and heavy losses. MiniMax reported first-half revenue of US$116.6 million, up 283% year-over-year, but posted a net loss of US$358 million. Zhipu AI generated RMB 954 million in revenue over the same period, up roughly 400% year-over-year, with a net loss of approximately RMB 2 billion.
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ByteDance raises option prices by approximately 5%.
ByteDance has issued a notice adjusting its employee stock option price: for active employees, the price has been raised from $229.5 per share to $241.35 per share, a roughly 5.1% increase. This marks the second time ByteDance has adjusted its option price since 2026. The last such adjustment was in April this year, when the price for active staff was lifted from $200.41 per share to $229.5 per share.
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Ilya warns: The next AI could go rogue by seizing GPU cloud resources to replicate itself endlessly.
Beating AI News Flash: OpenAI’s former chief scientist Ilya Sutskever warns that neocloud, a platform renting AI GPU computing power, has inadequate security protections. He argues that the next time an AI agent truly goes rogue, it could directly breach such platforms and use stolen computing power to run more of its own copies. Sutskever is calling on neocloud to significantly strengthen its cybersecurity, while AI firms with robust cybersecurity models should also offer assistance. This risk depends on two conditions: the agent can break through its original controls, and the cloud platform itself has vulnerabilities. Both conditions have emerged recently. Last week, OpenAI acknowledged that during an internal cybersecurity assessment, an agent bypassed isolation and infiltrated parts of the Hugging Face system. SemiAnalysis subsequently published its security test on neocloud. Researchers found that some platforms can access data from other tenants, and even escape their own containers or virtual machines to attack other tenants. In the most severe case, the vulnerability could escalate to cross-tenant remote code execution. The relevant issues have been notified to the vendor, and have either been patched or confirmed for upgrade.
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Uniswap recorded over 7 million trades yesterday, hitting a new all-time high.
According to Blockworks data, Uniswap has just logged its two highest-ever trading days for transaction count. Yesterday alone, Uniswap processed over 7 million transactions.
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Sources: South Korea's Foreign Exchange Stabilization Fund has purchased approximately $20 billion in funds.
Sources indicate that the Korea Exchange Stabilization Fund has acquired roughly $20 billion in funds repatriated by SK Hynix following its ADR listing.
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A trader’s unrealized profit from a single Meme coin AI trade tops $8.1 million, delivering a 382x return.
According to Lookonchain’s monitoring, over the past two months, trader @DumbCrayonEater spent a total of $21,200 to buy 29.32 million units of the meme coin AI on Robinhood Chain. The holding is now valued at around $8.13 million, making it the largest holder of the AI token. Currently, the unrealized profit on its AI token holdings stands at $8.11 million, representing a staggering 382x return.
Southbound funds have concentrated their buying on domestic large language model stocks for two consecutive months: snapping up large volumes of Zhipu in July and buying up MiniMax in August.
Beating AI News Brief: Southbound funds have made domestic large language model (LLM) companies the top Hong Kong-listed stocks purchased by them for two consecutive months. In July, Zhipu AI was the most bought Hong Kong stock by southbound funds, with buying volume exceeding that of Alibaba and Tencent. In August, the top spot shifted to MiniMax, with monthly purchases totaling HK$10.6 billion, also outstripping Alibaba and Tencent. MiniMax attracted capital even faster after its Hong Kong Stock Connect debut. It only officially joined the program on August 6, so mainland investors could not access it via this channel before that. On its first trading day, southbound funds net bought HK$2.697 billion; on the second day, they added HK$2.226 billion, bringing the two-day total to over HK$4.9 billion. In less than a month, southbound funds’ shareholding in MiniMax surged to 9.7%. Zhipu AI was added to the Stock Connect earlier, joining on June 8. It saw HK$920 million in net southbound buying on its first day, followed by net purchases of HK$13.7 billion across five consecutive trading days in July’s first week, plus another HK$10.6 billion the next week. Currently, southbound funds hold around 11% of Zhipu AI’s shares, a larger stake than in MiniMax. Both companies remain in a phase of high growth and heavy losses. MiniMax reported first-half revenue of US$116.6 million, up 283% year-over-year, but posted a net loss of US$358 million. Zhipu AI generated RMB 954 million in revenue over the same period, up roughly 400% year-over-year, with a net loss of approximately RMB 2 billion.
2 minutes ago
ByteDance raises option prices by approximately 5%.
ByteDance has issued a notice adjusting its employee stock option price: for active employees, the price has been raised from $229.5 per share to $241.35 per share, a roughly 5.1% increase. This marks the second time ByteDance has adjusted its option price since 2026. The last such adjustment was in April this year, when the price for active staff was lifted from $200.41 per share to $229.5 per share.
2 minutes ago
Ilya warns: The next AI could go rogue by seizing GPU cloud resources to replicate itself endlessly.
Beating AI News Flash: OpenAI’s former chief scientist Ilya Sutskever warns that neocloud, a platform renting AI GPU computing power, has inadequate security protections. He argues that the next time an AI agent truly goes rogue, it could directly breach such platforms and use stolen computing power to run more of its own copies. Sutskever is calling on neocloud to significantly strengthen its cybersecurity, while AI firms with robust cybersecurity models should also offer assistance. This risk depends on two conditions: the agent can break through its original controls, and the cloud platform itself has vulnerabilities. Both conditions have emerged recently. Last week, OpenAI acknowledged that during an internal cybersecurity assessment, an agent bypassed isolation and infiltrated parts of the Hugging Face system. SemiAnalysis subsequently published its security test on neocloud. Researchers found that some platforms can access data from other tenants, and even escape their own containers or virtual machines to attack other tenants. In the most severe case, the vulnerability could escalate to cross-tenant remote code execution. The relevant issues have been notified to the vendor, and have either been patched or confirmed for upgrade.
2 minutes ago
Uniswap recorded over 7 million trades yesterday, hitting a new all-time high.
According to Blockworks data, Uniswap has just logged its two highest-ever trading days for transaction count. Yesterday alone, Uniswap processed over 7 million transactions.
2 minutes ago
Sources: South Korea's Foreign Exchange Stabilization Fund has purchased approximately $20 billion in funds.
Sources indicate that the Korea Exchange Stabilization Fund has acquired roughly $20 billion in funds repatriated by SK Hynix following its ADR listing.
2 minutes ago
A trader’s unrealized profit from a single Meme coin AI trade tops $8.1 million, delivering a 382x return.
According to Lookonchain’s monitoring, over the past two months, trader @DumbCrayonEater spent a total of $21,200 to buy 29.32 million units of the meme coin AI on Robinhood Chain. The holding is now valued at around $8.13 million, making it the largest holder of the AI token. Currently, the unrealized profit on its AI token holdings stands at $8.11 million, representing a staggering 382x return.
Solana (SOL) has decisively moved above a prolonged falling wedge pattern, indicating strengthening bullish momentum and renewed buyer activity. Market analysts have observed increased optimism for SOL, supported by growing institutional interest anchored by Bitwise’s Solana ETF.
Technical breakout triggers bullish sentimentAnalysis from Crypto With Gopal pointed to SOL’s breakout from a falling wedge formation that had persisted for several months. The technical pattern, marked by lower highs and narrowing price ranges, previously reflected widespread market uncertainty. The recent breakout, however, suggests that buyers are regaining control and could set the stage for a broader uptrend.
Market observers state that if Solana maintains its position above the former resistance, now acting as a support level, bullish pressure could sustain and potentially push SOL toward higher resistance zones. The $400 level stands out as a long-term target for bullish traders, though the move requires further validation as SOL could still retrace into its earlier consolidation zone.
If Solana successfully transforms previous resistance into support following the wedge breakout, there could be sufficient momentum for buyers to drive the price higher, with $400 emerging as a significant target over the long run.
Currently, SOL is trading at $102.25. Over 24 hours, its trading volume has reached $2.81 billion, and its market capitalization stands at $59.74 billion. Despite short-term stability, whale accumulation signals and price structure point to the potential for an extended bullish reversal.
Institutional adoption grows as Bitwise ETF surpasses $1 billionData from Arkham indicates that Bitwise’s Solana staking ETF, BSOL, has topped $1 billion in assets under management, marking a significant milestone in institutional adoption for Solana. The ETF has witnessed rapid inflows since its launch, establishing itself as the largest Solana ETF by managed assets.
The milestone highlights rising institutional demand for SOL tokens, with the pace of inflows suggesting continued accumulation by larger investors in the near term. As investor interest accelerates, BSOL may require further Solana purchases, enhancing institutional involvement in the network’s ecosystem.
Reaching $1 billion in assets within a year, BSOL has attracted considerable attention from investors and could further boost institutional accumulation rates if inflows persist.
This trend underscores the importance of monitoring key support and resistance levels, as each shift can trigger swift market reactions. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users gain real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Outlook hinges on key technical levelsThe next move for SOL will depend on whether it can sustain the breakout above its prior resistance and establish new support. Success in maintaining these levels could solidify positive sentiment and propel the price toward targets such as $400.
However, continued momentum in the BSOL ETF may further energize institutional accumulation of the Solana token, helping to define its broader market trajectory in the months ahead.
ARK Invest and Glassnode published a joint study on Sept. 1 that found three entities could cross the measured block-production thresholds for both Bitcoin and Ethereum, while Solana required 19.
Summary
Bitcoin reaches its 51% hash-rate threshold through three mining pools, according to the joint report. Ethereum requires three staking entities to exceed 33%, although pooled delegation complicates direct control assumptions. Solana’s Nakamoto coefficient is 19, but nearly all measured infrastructure operates inside commercial data centers. Bitcoin’s infrastructure is comparatively dispersed, with 63% of measured nodes operating anonymously through Tor networks. Ethereum hosts roughly 49% of execution-layer nodes in clouds, including 20% through Amazon Web Services. The 32-page report, titled The Decentralization Spectrum: Design Tradeoffs in Digital Assets, compares the networks across ownership, exit fluidity, verification costs, critical resilience, reconstruction costs and infrastructure distribution.
The findings do not mean three companies control Bitcoin or Ethereum. The metric counts mining pools and staking platforms as entities, even when the underlying hardware, stake or node operators belong to separate participants who may withdraw or redirect their resources.
Bitcoin’s three-pool threshold does not equal ownership The report applied a 51% hash-rate threshold to Bitcoin. Foundry USA represented 27.27% of the measured hash rate, followed by AntPool at 17.06% and F2Pool at 16.96%. Together, the three pools exceeded 61%.
This produced a Nakamoto coefficient of three, defined as the minimum number of measured entities needed to cross a network’s critical production threshold. ViaBTC controlled another 9.50%, while SpiderPool represented 5.82%.
Mining pools coordinate block construction and distribute rewards, but they do not necessarily own the machines producing their hash rate. Independent miners connect to pools to receive steadier income and can redirect their computing power elsewhere.
That mobility limits how closely pool concentration can be equated with permanent control. The report estimated a Bitcoin miner could switch a 1% hash-rate position in approximately 29 seconds. A coordinated attack or censorship attempt could prompt participants to leave the responsible pools.
Pools still influence transaction inclusion and ordering because they usually provide the block templates miners use. Pool concentration therefore represents an operational risk, even if it overstates the concentration of underlying mining ownership.
The issue is not new. Earlier crypto.news reporting found that two mining pools produced a majority of sampled Bitcoin blocks in late 2022. Pool shares have changed since then, but production continues to be concentrated among several large coordinators.
Ethereum crosses a lower threshold through pooled stake ARK and Glassnode applied a 33% stake threshold to Ethereum because participants controlling one-third of staked ETH can disrupt finality. This differs from Bitcoin’s 51% majority threshold, so the two coefficients do not describe identical powers.
Lido represented 23.04% of staked ETH in the report’s July data. Binance controlled 8.88%, and Kraken held 6.91%. Those three entities collectively represented approximately 38.8%, taking Ethereum above the selected threshold.
Lido is not a single validator. It distributes stake among multiple node operators, although those operators participate through a common protocol and governance framework. The report therefore treats Lido as shared infrastructure that aggregates economic weight rather than one machine or company directly controlling every validator.
Ethereum’s exit mechanics also restrict validator mobility. The report estimated that exiting a 1% position would take around 14.6 days under current conditions and as long as 55.6 days under heavy congestion. That is much slower than redirecting Bitcoin hash rate.
Client diversity provides another layer of resilience. The study placed Geth’s execution-client share at 34.88%, followed by Nethermind at 26.96% and Reth at 18.98%. Lighthouse represented 54.16% of consensus clients.
Different clients independently implement Ethereum’s rules, reducing the portion of the network exposed to one software defect. The relationship between Ethereum nodes and their software clients means validator concentration alone cannot describe the network’s full failure risk.
Solana’s 19-validator result comes with infrastructure costs Solana recorded the highest Nakamoto coefficient for the selected block-production threshold. The report found that 19 validators were needed to control more than 33% of delegated stake.
Figment was the largest individual validator at 3.78%, followed by Helius at 3.69%, Jupiter at 2.91%, Binance Staking at 2.81% and Ledger by Figment at 2.16%. The remaining 84.65% was spread across other validators.
One passage in the report says Solana requires 20 entities, but its chart, comparison table and published Glassnode summary all report a coefficient of 19. The table also says the figure increased from 18 in March 2026.
Solana’s validator distribution performed well on this particular measure, but its physical infrastructure was more concentrated. Approximately 100% of the infrastructure measured by the researchers operated in commercial data centers. About 68% was in Europe, while 21% was in North America.
TeraSwitch hosted 30.23% of measured stake, and the top two hosting companies served around 35.7%. Common infrastructure can create correlated failures even when the validator set contains many separate operators.
That risk became visible in August when 102 of 699 Solana validators stopped voting during a TeraSwitch routing problem. Solana continued processing transactions, but the episode showed how one infrastructure failure can affect multiple otherwise independent validators.
The report used Solana geographic data from November 2024, while most Bitcoin and Ethereum infrastructure data came from July 2026. That timing difference limits direct comparisons and leaves room for Solana’s distribution to have changed.
Bitcoin leads infrastructure resilience and auditability Bitcoin had the least expensive verification requirements in the study. The researchers estimated hardware for a full node at $289, compared with $730 for Ethereum and $21,478 for a Solana RPC node or validator-class configuration.
Its measured full-chain storage requirement was 753 gigabytes. Ethereum required approximately two terabytes for a full archive setup, while reconstructing Solana’s history was estimated at 480 terabytes because historical data is commonly offloaded to external providers.
Bitcoin also had the most distributed hosting profile. Only 16% of measured infrastructure operated in data centers, while 63% of nodes used Tor. Another 15% was residential or self-hosted.
Ethereum placed approximately 49% of execution-layer nodes in cloud environments and 45% in self-hosted settings. AWS alone hosted around 20%, while the top two providers accounted for approximately 27%.
Solana’s higher hardware and bandwidth demands reflect its focus on throughput. The tradeoff is that fewer ordinary users can independently recreate or verify the full network history using consumer equipment.
No single score settles blockchain decentralization The report ultimately ranked Bitcoin as the most decentralized of the three networks overall, followed by Ethereum and Solana. Bitcoin led in ownership distribution, auditability and geographic resilience.
Ethereum generally occupied the middle across the six dimensions. Solana scored strongly for its critical resilience threshold and validator participation but ranked lower for ownership distribution, verification accessibility and infrastructure diversity.
The methodology remains sensitive to how entities are grouped. Exchanges can hold tokens for many customers, mining pools aggregate independent miners, and staking protocols coordinate multiple operators. Wallet-size bands can likewise combine custodial assets belonging to thousands of users.
The comparison is therefore more useful as a map of separate concentration risks than as a definitive ranking. A network may distribute block production broadly while relying heavily on several hosting companies, software clients or governance organizations.
Future editions could improve comparability by using synchronized data dates, separating pools from underlying resource owners and distinguishing censorship thresholds from thresholds capable of rewriting finalized history.
FAQs Do three entities control Bitcoin? No. Three measured mining pools exceeded 51% of hash rate, but independent miners supply much of that computing power and can change pools.
Can three Ethereum platforms rewrite the blockchain? The report’s three-entity figure concerns the 33% stake threshold associated with disrupting finality. It does not represent the stronger two-thirds threshold needed for other consensus actions.
Why does Solana score 19? The 19 figure is the minimum number of validators whose combined delegated stake exceeds the report’s 33% threshold.
Which blockchain did the report rank as most decentralized? Bitcoin ranked highest overall due to its accessible verification, dispersed ownership and comparatively resilient geographic infrastructure.
According to an announcement by Japanese listed firm Remixpoint (ticker: 3825), the company sold all its altcoins on September 1—including Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE)—for a total of 878.8 million yen, generating a profit of 117.8 million yen. Post-sale, Remixpoint’s only remaining cryptocurrency holding is Bitcoin (BTC), with approximately 1,506 BTC in reserves. Breakdown of the altcoin sales: 901.4467 ETH sold for 353.4 million yen, yielding a 60.2 million yen profit; 13,920.0726 SOL sold for 227.9 million yen, with a 49.3 million yen profit; roughly 1.1912 million XRP sold for 260.4 million yen, netting a 11.52 million yen profit; and approximately 2.8023 million DOGE sold for 37.08 million yen, incurring a 3.26 million yen loss. The company plans to recognize the ~118 million yen in sale proceeds in its second quarter results for the fiscal year ending March 2027. Remixpoint stated the portfolio adjustment is designed to further consolidate its crypto asset holdings, formalize its Bitcoin-centric investment and operational strategy, and boost capital efficiency. The sale proceeds will be considered for use in expanding assets in growth sectors such as grid-scale energy storage, strengthening its financial foundation, and other initiatives to enhance corporate and shareholder value. Additionally, the firm disclosed that between February 24, 2026, and August 31, it earned BTC lending income of 14.92055902 units, equivalent to approximately 164.2 million yen. As of August 31, its staking income from ETH and SOL combined totaled roughly 29.875 million yen.
Remixpoint has sold its entire altcoin portfolio for ¥878.8 million, leaving the Japanese listed company with roughly 1,506 Bitcoin as its only cryptocurrency holding.
Summary
Remixpoint sold all of its ETH, SOL, XRP and DOGE holdings on September 1 for ¥878.8 million. The transactions generated a combined realized profit of ¥117.8 million, which will be booked as business segment revenue in the second quarter. Remixpoint now holds only Bitcoin in its crypto portfolio, with its balance standing at approximately 1,506 BTC. The company plans to consider using the sale proceeds for grid scale battery assets, strengthening its finances and other corporate measures. According to a September 2 disclosure from Remixpoint, the company sold all of its Ethereum, Solana, XRP and Dogecoin on September 1 after reviewing market conditions, the risk and return profile of each asset and its financial strategy. The transactions generated a combined realized profit of ¥117.77 million.
The company said the portfolio change would concentrate its crypto holdings and establish Bitcoin as the main asset under its holding and operational strategy. Remixpoint plans to book roughly ¥117 million from the altcoin sales as business segment revenue in the second quarter of its fiscal year ending March 2027.
Ethereum accounted for the largest portion of the sale by value. Remixpoint disposed of 901.44672542 ETH for ¥353.43 million, compared with a book value of ¥293.22 million, producing a profit of ¥60.2 million.
Its 13,920.07255868 SOL position was sold for ¥227.89 million against a book value of ¥178.58 million. The Solana transaction generated another ¥49.3 million in realized gains.
Remixpoint received ¥260.43 million from the sale of 1.191 million XRP, resulting in an ¥11.52 million profit. Dogecoin was the only position sold at a loss, with 2.802 million DOGE generating ¥37.08 million compared with its ¥40.34 million book value. The DOGE sale resulted in a ¥3.26 million loss.
Combined, the four positions had a book value of ¥761.04 million before being sold for ¥878.81 million.
Ethereum and Solana had previously generated income for the company through staking. Between July 16, 2025 and August 31, 2026, Remixpoint received ¥10.93 million in staking rewards from ETH and ¥18.94 million from SOL, taking total rewards from the two assets to ¥29.87 million. The company received all of those rewards in yen.
Remixpoint had built a diversified crypto portfolio before concentrating its holdings in Bitcoin. In November 2024, crypto.news previously reported that its holdings included Bitcoin, Ethereum, Solana, Avalanche, Dogecoin and XRP. At the time, the company held 215.76 BTC, while Solana was its second-largest crypto position by value.
By December 2024, its Bitcoin balance had increased to 282.87 BTC after another ¥200 million purchase. The company then held ETH, SOL, AVAX, DOGE and XRP alongside Bitcoin, with an aggregate acquisition cost of ¥4 billion across the portfolio.
Bitcoin becomes Remixpoint’s sole crypto holding Following the September 1 sales, Remixpoint said its cryptocurrency holdings consisted solely of approximately 1,506 BTC.
The decision extends a Bitcoin strategy that the company had been expanding since 2024. Remixpoint approved another ¥1 billion Bitcoin purchase in May 2025 after committing ¥11 billion to cryptocurrency purchases and spending ¥10.5 billion of that amount. The additional allocation would have taken its approved crypto investment to ¥12 billion at the time.
Its Bitcoin strategy accelerated two months later when Remixpoint announced a financing plan designed to raise approximately $215 million. The company said at the time that it intended to increase its Bitcoin exposure, while its crypto portfolio still included ETH, XRP and SOL. Its Bitcoin balance then stood at roughly 1,051 BTC.
Remixpoint reinforced the strategy in July 2025 when CEO Yoshihiko Takahashi chose to receive his salary in Bitcoin. The arrangement made Remixpoint the first publicly listed Japanese company to pay its chief executive entirely in BTC, with the company converting an amount equal to Takahashi’s salary into Bitcoin before transferring it to him.
Bitcoin lending has since generated revenue from the company’s holdings. Remixpoint’s September 2 filing showed that lending operations produced 14.92055902 BTC, valued at ¥164.22 million, between February 24 and August 31. Monthly lending income reached 2.48356398 BTC, worth ¥31.15 million, in August alone.
Japanese companies continue building Bitcoin treasuries Remixpoint’s Bitcoin concentration comes as other Japanese listed companies have developed treasury strategies centered on the cryptocurrency.
Metaplanet held 43,000 BTC after adding 2,823 Bitcoin during the second quarter of 2026. The company reported an overall average acquisition price of ¥15.3 million per Bitcoin, while revenue from its Bitcoin Income Generation business fell roughly 41% quarter over quarter to ¥1.747 billion.
Metaplanet has moved beyond accumulation into financial products tied to its treasury. In July, the company completed its ¥2.1 billion acquisition of Siiibo Securities and launched Metaplanet Securities, a regulated business intended to develop Bitcoin-backed bonds and digital credit products.
Remixpoint, meanwhile, said the ¥878.81 million raised from its altcoin disposals would be considered for expanding assets in business areas it has identified for future growth, including grid-scale storage batteries. The company named strengthening its financial base and other measures intended to improve corporate and shareholder value among the potential uses of the proceeds.
Key Takeaways Crypto analyst Ali Martinez identifies bullish market structure for SOL with a $150 price objective for September As of September 1, SOL was trading at $101.30, marking a 40% gain over the previous 30 days Solana-focused ETFs attracted $925K in net inflows daily, bringing total managed assets to $1.44 billion The Solana blockchain recorded 5.2 billion non-vote transactions during August, establishing a new record that represents a 23% increase from July Technical analysis suggests SOL needs to maintain support at $100 and overcome resistance at $120 to validate the $150 projection Solana (SOL) continues to trade in the $101 range following an impressive month of gains, prompting one prominent analyst to forecast a potential climb to $150 by the close of September.
Solana (SOL) Price On September 1, SOL experienced a 1.76% decline over 24 hours, settling at $101.30. However, when viewed through a wider lens, the asset has delivered gains of 5% across the previous seven days and an impressive 40% surge throughout the past month.
The cryptocurrency sector as a whole saw modest losses, with aggregate market capitalization decreasing 0.65% to stand at $2.62 trillion. Bitcoin remained positioned beneath $78,000, while Ethereum exchanged hands near $2,430, and XRP maintained levels around $1.36.
Market sentiment indicators showed the Fear and Greed Index sliding from 80 down to 74, suggesting a modest retreat in investor optimism following the market’s 21.38% monthly advance.
Analyst Outlook Points Higher In a recent post on X, cryptocurrency analyst Ali Martinez urged traders to abandon negative perspectives on Solana. According to Martinez, technical patterns are shifting toward a bullish configuration, recommending that investors establish positions ahead of an anticipated significant price movement. His analysis points to $150 as the next meaningful price objective for SOL.
Martinez stated: “Stop being bearish on Solana $SOL. The setup is turning bullish, and I think it’s time to lock in before the next major move.”
From a technical perspective, achieving the $150 target requires SOL to first breach the $110 threshold before conquering $120 resistance. Successfully clearing $120 could establish a path toward $130 as an intermediate milestone en route to $150. Should SOL fail to defend the $100 mark, the subsequent critical support level is positioned at $95.
Technical momentum indicators present a neutral-to-mixed picture. The Relative Strength Index registers 40.56, positioned above oversold readings. The MACD indicator shows a negative value of -0.18, while the histogram reads -0.46, suggesting potential near-term sideways action.
Investment flows into Solana ETFs totaled $925,010 on August 31, with all capital directed toward Fidelity’s FSOL product. Aggregate assets under management across Solana ETF products have climbed to $1.44 billion, representing 2.37% of SOL’s entire market capitalization. Since inception, the seven available products have generated combined trading volume of $67.55 million.
Source: SoSoValue Blockchain Throughput Reaches New Peak From a network performance standpoint, Solana successfully processed more than 5.2 billion non-vote transactions throughout August 2026, based on data compiled by Blockworks. This figure represents an unprecedented monthly record, reflecting a 23% expansion compared to July’s prior benchmark of 4.24 billion transactions.
Non-vote transaction metrics capture genuine user engagement and application activity while excluding routine validator maintenance operations. The August data point exceeds Solana’s standard monthly transaction volume from 18 months prior by more than twofold.
The total supply of stablecoins operating on Solana hit $14.7 billion during August, approaching triple the $5 billion level observed one year earlier.
This achievement came on the heels of Solana’s inaugural validator governance ballot, which saw two out of three measures approved, including an initiative to accelerate the reduction rate of new SOL token emissions by a factor of two annually.
Solana (SOL) maintained its price near $101 after a month marked by notable gains, drawing attention from analysts who now see the potential for further growth in the coming weeks.
Price action and market trendsOn September 1, SOL fell 1.76% in 24 hours, trading at $101.30. This pullback did little to offset its overall performance for the previous month, during which Solana surged 40%. Over the past week, the token recorded an additional 5% gain.
Broader cryptocurrency markets posted mild losses, with total market capitalization slipping 0.65% to $2.62 trillion. Bitcoin continued trading below $78,000, Ethereum hovered near $2,430, and XRP sustained its price at approximately $1.36.
Investor attitudes reflected this cooling trend, as the Fear and Greed Index edged down from 80 to 74 after the market’s 21% monthly advance. Some market watchers interpreted this as a slight pullback in optimism rather than a shift to bearish sentiment.
Analyst forecasts and technical outlookCryptocurrency analyst Ali Martinez urged traders to move away from a negative stance on Solana, highlighting emerging bullish signals in the token’s technical structure. Martinez pointed to recent trends as an early indication of a potential price breakout, suggesting a new target of $150 could be attainable in September if current momentum holds.
Ali Martinez told investors to “stop being bearish on Solana $SOL,” emphasizing that the technical setup is shifting toward a bullish direction and suggesting it was time for traders “to lock in before the next major move.”
Martinez and other analysts cited the need for SOL to secure support at $100 and then overcome resistance at $110 and $120. A successful breach above $120 would likely open the way to test $130 before aiming for the $150 goal. However, losing the $100 support could see price unwind toward the $95 region.
Technical indicators offered mixed messages: the Relative Strength Index stood at 40.56, suggesting it was above oversold territory, while the MACD remained slightly negative, hinting at potential sideways price action in the near term.
Solana-focused ETFs see rising demandSolana-based exchange-traded funds (ETFs) saw significant inflows in August. On August 31, net capital entering these funds reached $925,000 in a single day, all channeled into Fidelity’s FSOL product. Assets under management for Solana ETFs collectively grew to $1.44 billion, accounting for roughly 2.4% of Solana’s total market capitalization since launch. Combined trading volume from all seven Solana ETF products reached $67.55 million.
Fidelity, which manages the FSOL ETF, is a global financial services corporation known for expanding its exposure to digital assets through ETF offerings.
Mini dictionary: Solana ETFs, exchange-traded funds holding SOL or Solana-related assets, allow investors indirect exposure to the token through traditional financial markets.
ETF ProviderRecent Daily InflowsTotal AUMTrading Volume (Since Launch)Fidelity FSOL$925,000$1.44 billion$67.55 millionRecord surge in Solana network activityIn August, Solana processed over 5.2 billion non-vote transactions, a new monthly peak and a 23% increase compared to July’s 4.24 billion. Data from Blockworks showed this represents more than double the network activity recorded 18 months ago.
Non-vote transactions capture end-user applications and genuine network use, excluding validator maintenance functions. This strong uptick is widely seen as a signal of expanding activity among both developers and users.
The total supply of stablecoins circulating on the Solana network climbed to $14.7 billion in August, nearly triple the $5 billion figure reported one year earlier.
These milestones followed Solana’s first validator governance vote, where two out of three proposals received approval. Among the outcomes was a measure that will accelerate the annual reduction rate of newly issued SOL tokens, effectively halving emissions each year.
Kripto piyasasında satış dalgası yeniden hızlandı. Ancak bu kez dikkat çeken yalnızca düşüş değil, kayıpların dağılımı oldu. Bitcoin yaklaşık yüzde 1 gerilerken Solana ve Tron yüzde 3’ten fazla düştü. Peki yatırımcılar neden altcoinleri Bitcoin’den önce sattı?
Bitcoin, çarşamba günü 77.500 dolar civarında hareket etti. Solana ise 100 dolar seviyesine geri çekildi. Tron 0,32 dolara indi.
Ether %2 düşerek 2.414 doların hemen üzerinde işlem gördü. XRP de yaklaşık %2 kaybederek 1,35 dolara geriledi. Dogecoin 0,08 doların biraz üzerinde kaldı. HYPE ise %1’den fazla düştü.
BNB, büyük altcoinler arasında daha dirençli kaldı. Kripto para %1’den az gerileyerek 687 dolar civarında işlem gördü.
Buradaki kritik ayrıntı şu: Satış Bitcoin’de aynı ölçekte yaşanmadı. Yatırımcılar risk azaltırken daha yüksek oynaklığa sahip varlıklardan önce çıktı. Solana ve Tron’un Bitcoin’den yaklaşık üç kat fazla gerilemesi bu ayrışmayı gösterdi.
İran saldırısı sonrası asıl baskı nereden geldi? Satış dalgasının kaynağı kripto piyasasının içindeki bir gelişme değildi. ABD’nin İran’a yönelik hava saldırıları küresel piyasalarda risk iştahını zayıflattı.
Brent petrol 95 doların üzerine çıktı. Piyasada Hürmüz Boğazı üzerinden enerji taşımacılığına ilişkin endişeler yeniden arttı.
Aynı saatlerde ABD’nin 10 yıllık Hazine tahvil getirisi %4,81’e ulaştı. Bu, yaklaşık üç yılın en yüksek seviyesi oldu.
Asya piyasaları da baskıyı hissetti. Japonya’nın beş yıllık tahvil getirisi rekor kırdı. On yıllık tahvil getirisi ise %3 seviyesine çıktı. Japon hisseleri yüzde 2’den fazla düşerken Güney Kore Kospi endeksi yüzde 3’ün üzerinde geriledi.
Bu tablo kripto açısından önemli bir değişime işaret ediyor. Piyasa şu anda yalnızca jeopolitik riski değil, bunun enflasyon ve faizler üzerindeki etkisini de fiyatlıyor.
İlginç olan ise güvenli liman olarak görülen altının da bu hareketten kaçamaması oldu. Altının ons fiyatı yaklaşık 4.296 dolara geriledi ve kayıplarını ikinci güne taşıdı. Bu durum, piyasanın yalnızca riskli varlıklardan çıkıp altına yöneldiği klasik bir senaryonun yaşanmadığını gösteriyor.
Fed faiz artırırsa altcoinler daha fazla baskı görebilir Petrol fiyatındaki yükseliş, Fed’in enflasyonla mücadelesini daha zor hale getirebilir. Bu nedenle faiz beklentileri de hızla değişti.
CME FedWatch verilerine göre Fed’in eylül toplantısında faiz artırma ihtimali %66’ya yükseldi. Bu oran yalnızca bir hafta önce yaklaşık yüzde 40 seviyesindeydi.
Fed Başkanı Kevin Warsh’ın Jackson Hole’daki açıklamaları da piyasadaki beklentileri etkiledi. Warsh, para politikasının enflasyonu kontrol altına almak için henüz yeterince sıkı olmayabileceği görüşünü dile getirdi.
Faiz beklentisindeki bu değişim özellikle yüksek riskli varlıkları zorluyor. Daha yüksek faiz ihtimali güçlendikçe yatırımcıların risk alma iştahı azalıyor.
Bitcoin de bu ortamdan tamamen kaçamıyor. Ancak son hareket, yatırımcıların risk azaltırken altcoinlerde daha agresif davrandığını gösteriyor.
Bitcoin için şimdi 80.000 dolar kritik Bitcoin’in önündeki en önemli kısa vadeli seviye 80.000 dolar.
LMAX Group stratejisti Joel Kruger, bu bölgeyi önemli bir yukarı yönlü alan olarak değerlendiriyor. Mayıs ayında görülen yaklaşık 82.820 dolarlık zirve de bunun üzerinde takip edilecek kritik seviye konumunda.
Bitcoin’in 80.000 doları aşması halinde piyasanın yeniden güç kazanması mümkün. Ancak faiz beklentilerinin daha da yükselmesi bu hareketi zorlaştırabilir.
Bu nedenle Bitcoin’in önündeki asıl sınav yalnızca teknik seviyede değil. Makro veriler de fiyatın yönünü belirleyecek. Bitfinex analistleri de saldırılar öncesinde BTC için benzer bir risk seviyesine dikkat çekmişti. Analistlere göre Bitcoin’in yükselişini sürdürmesi veya yatay hareket etmesi mümkün görünüyordu. Ancak tüm riskli varlıklarda geniş çaplı bir geri çekilme yaşanması halinde Bitcoin de bu satıştan kaçamayabilirdi.
Cuma günü Bitcoin için kritik veri açıklanacak Piyasaların gözü şimdi ABD’nin ağustos ayı istihdam raporunda.
Ekonomistler ağustosta yaklaşık 55.000 yeni istihdam bekliyor. Temmuz ayında ise 23.000 kişilik istihdam kaybı yaşanmıştı.
Buradaki senaryo oldukça net.
Güçlü bir istihdam verisi, Fed’in faiz artırımı ihtimalini destekleyebilir. Bu durumda Bitcoin’in 80.000 dolara yükselmesi zorlaşırken Solana, XRP ve diğer yüksek riskli altcoinlerde satış baskısı yeniden artabilir.
Zayıf bir istihdam verisi ise faiz beklentilerini gevşetebilir. Böyle bir tablo Bitcoin’in yeniden 80.000 doları test etmesi için piyasaya alan açabilir.
ABD’nin enflasyon verisi ise 11 Eylül’de açıklanacak. Ardından yatırımcıların gündeminde 15 Eylül’deki Clarity Act oylaması ve 16 Eylül’deki Fed faiz kararı olacak.
Kripto piyasasında son düşüşün verdiği mesaj bu nedenle önemli: Bitcoin henüz 80.000 dolardan vazgeçmiş değil. Ancak altcoinlerdeki sert satış, yatırımcıların risk konusunda çok daha seçici hale geldiğini gösteriyor. Cuma günkü istihdam verisi ise bu dengenin hangi yöne kırılacağını belirleyebilir.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
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.
Broadcom stock reports third-quarter results after Wednesday’s close and has climbed 4% from last week’s low to $370.34.
Wall Street rates it a Strong Buy, with 25 buy ratings, three holds, and no sells, despite a major money flow warning.
Broadcom 2026 Price Path: BeInCryptoBroadcom shares still sit 23% below the record they set on June 2, up 7% this year, compared with 63% for the PHLX Semiconductor Index.
What Wall Street Expects From the StockThis is the season’s last big AI print, after 36 analysts backed Nvidia into its own results.
Analysts expect $29.241 billion of revenue and $3.215 in adjusted earnings.
$AVGO: The most crowded "custom chip relay trade" ahead of earnings.
Review of the previous trading session: AVGO ranked high in ticker mentions on X; the primary driver was not its gains last Friday, but the upcoming post-market earnings release on September 2. MRVL’s… pic.twitter.com/GcKVZuYvBy
— OwenCarter (@OwenCarter_k) September 1, 2026
Broadcom Analyst Split: BeInCryptoOne number undercuts the rest. In June, Broadcom told investors in its own second-quarter filing that it would make about $29.4 billion this quarter. Analysts are forecasting slightly less than the company promised.
That is the weak signal. Broadcom has beaten its own numbers eight quarters in a row, so analysts would normally forecast above the guide. This time they sit below it.
The growth explains why. Almost all of it now comes from AI chips, which earn Broadcom far less than its software business does.
AI will account for $16 billion of this quarter’s sales, 54% of the total, up from 49% last quarter, including OpenAI’s first custom processor.
Broadcom told investors it will still earn 67 cents of profit on every dollar of sales, the same as last quarter, while revenue jumps 84%. The company is getting much bigger without getting any more profitable.
Broadcom Earnings Reaction Record: BeInCryptoEven beating has not helped before. TipRanks data shows AVGO stock topping estimates every quarter since 2024 yet falling the next day four times, with an average move of 10.53% and a spread from a 13.01% fall to a 22.71% gain.
The reason sits in the ownership data.
Why Money Is Leaving AVGO StockTipRanks scores blogger sentiment at 83% bullish and news sentiment at 0.89 out of one. Yet its best-performing investors cut Broadcom exposure 2.37% over 30 days and 3.06% in the last seven. The selling is speeding up.
Broadcom Talk Versus Money: BeInCryptoThis is not only a Broadcom story. Chaikin Money Flow, a proxy for whether institutional money is entering or leaving a stock, is negative on 10 of 14 major chip names.
The four still positive sit outside AI compute. The five worst all build AI accelerators, the same rotation that pulled smart money out of Nvidia, in a year when Wall Street kept choosing between chip names.
Chip Sector Money Flow: BeInCryptoAVGO stock sits last among those 14, at -0.225.
Broadcom shares have fallen inside a descending channel since June 3. Buying volume only improved on August 27.
Broadcom Stock Money Flow: TradingViewConfirmation needs a daily close above $376.28, then $398.34 to come close to leaving the channel. One widely followed chart account says Broadcom needs a bigger bounce to match Nvidia and TSMC.
$NVDA $TSM $AVGO
Uncanny isn't it?
Well if AVGO wants to follow in TSM's footsteps and especially in NVDA's footsteps to keep up with the current up trend, we need to see a bigger bounce off the orange trendline.
Can we see a Nvidia type move?
Earnings this Wed after hrs with… pic.twitter.com/2mjXsMuW4t
— Heisenberg (@Mr_Derivatives) August 29, 2026
Failure is faster. Losing $356.62 opens $344.46, and a break of $334.62 exposes $324.79.
Broadcom Stock Price Analysis: TradingView
Analyst’s View: Broadcom stock is showing mixed trends heading into Wednesday’s earnings. Almost every analysts call this a bullish stock, but the biggest shareholders are slowly selling. The chart has not picked a side either. That is why the reaction to the earnings could matter more than the numbers.
Yet another scam built around Grand Theft Auto VI, one of the most anticipated computer games in years, is taking aim at crypto users.
Cybersecurity firm Malwarebytes has uncovered a fake GTA 6 website that presents itself as a fan countdown and invites visitors to download an alleged leaked copy of Rockstar Games’ much-talked-about title.
To absolutely no one's surprise, the convincing-looking page contains a cryptocurrency wallet drainer that can simultaneously target multiple blockchain networks.
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The site combines genuine-looking GTA 6 information with a malicious payment scheme that is designed to connect a crypto wallet.
Users who approve the wrong transaction could potentially lose much more than the advertised purchase price.
Malwarebytes previously identified websites offering supposed "early access" for cryptocurrency and later found fake GTA 6 demo and "Extended Look" pages.
To gain some legitimacy, the website features some legitimate promotional material while correctly stating that the game is coming to PlayStation 5 and Xbox Series X|S. Rockstar has not announced a PC version.
They are two offers of a supposedly leaked copy that have been mixed in with legitimate-looking material. One asks for $50 while another requests 1 SOL. worth roughly $102 at the time Malwarebytes analyzed the site.
Moreover, the operators also attempt to establish trust by warning visitors that other websites claiming to offer GTA 6 leaks are scams.
There are, however, several obvious inconsistencies once the page is examined more closely. Its footer says the website does not offer purchases. Elsewhere, the site says GTA 6 is console-only while its FAQ promises a PC download after payment.
Malwarebytes also found errors in the sales copy, including a misspelled reference to downloading and a reference to GTA IV instead of GTA VI.
Malwarebytes found two separate pieces of malicious code in the payment option section. One targets Solana wallets and calculates a transfer designed to leave only enough funds behind to cover transaction fees. The second component is a much larger script that is capable of targeting wallets across Ethereum, Polygon, BNB Smart Chain, Avalanche, Arbitrum, Base and Fantom. It poses as a legitimate wallet-connection tool, but Malwarebytes has found malicious code added on top of it.
Just days ago, as reported by U.Today, the mysterious figure linked to a separate wave of GTA VI leaks was reported to have moved roughly $350,000 out of the CYBERLEEK crypto operation, according to blockchain analysis. The individual behind the leaks has not been publicly identified.
Arbitrum [ARB] delivered a 28% gain in the last day as of writing, as the blockchain itself became a central stage for capital movement across the market while retaining most of it.
While there’s a clear sign that the bulls are active in the market, the impact on ARB came from the movement of bridge assets across chains, showing that Arbitrum dominated in netflow with $1.6 billion retained in value.
To put this into perspective, bridge asset netflow tracks capital moving across multiple chains to show how much enters and leaves each chain.
Source: Artemis When the netflow is positive, like in this case, it suggests that most of the capital settled on the chain, a positive factor that can impact price.
At the time of writing, Arbitrum has led other chains in terms of netflow over the last day, ahead of Ethereum [ETH] and Robinhood, which followed, respectively, in terms of flow. Importantly, this type of flow needs to be maintained if there’s going to be a continued rally in the near term.
However, bridge asset movement is just one part of the broader factors that influenced the rally. AMBCrypto found other catalysts that have also impacted the market.
Investors committing to a long-term rally Investors are showing signs of interest in ARB as a whole, with the total value locked (TVL) tracking the health of the chain based on deposited and locked capital.
Between the 19th of August and the time of writing, roughly 13 days have seen its TVL increase by $170 million, reaching a new level of $1.412 billion.
In simple terms, TVL grew by an average of $13.07 million daily. Although this is moderate, it shows there’s strong commitment to the rally.
Source: DeFiLlama Analyzing the chain, activity across decentralized exchanges has also been seeing a good level of activity. Data from DeFiLlama shows that after volume declined steadily between the 21st and 28th of August, there has been a pickup in activity.
Data shows that from the 29th, DEX volume grew by over 151%, reaching a high of about $208.72 million. A surge in volume is particularly helpful to ARB, as it increases usage, which ultimately feeds into demand in the long run.
Yet, it is important to note that this surge in activity reflects usage, not user growth, as daily active traders remained at about 106,500.
Watch the perpetual market On-chain activity only tells one part of the picture, which is why it’s important to analyze what’s happening off-chain across exchanges, a key trading venue for the native ARB token.
CoinGlass data shows that there has been a massive inflow of capital into the perpetual market, which aligns with the rise in ARB.
The Open Interest (OI) of ARB, which tracks the capital value of contracts in an asset, rose by 65%, reaching $169 million. When compared to the Funding Rate of 0.0055%, the data revealed that the majority of market flow, as well as existing capital, was positioned long.
Final Summary Arbitrum retained $1.6 billion in bridge asset netflow as ARB posted a 28% gain in the last day. Rising TVL, DEX volume, and OI point to stronger demand, but daily active traders remain below August highs.
PANews, September 2 - According to the latest data from arbdata, Robinhood Chain has accumulated fee revenue of $13.05 million just two months after launch, reaching a record high. Based on the annualized average of fee revenue over the past 30 days, its annualized revenue scale is approximately $110 million.
Based on current cumulative revenue, about $1.3 million will flow directly to the Arbitrum ecosystem. Under the partnership license agreement between the two parties, Robinhood Chain is required to return 10% of its protocol net revenue to the Arbitrum ecosystem, with 8% going to the Arbitrum DAO treasury and 2% to the Arbitrum Developer Guild.
Meanwhile, ARB has shown strong performance recently. CoinGecko data shows that ARB has risen by 46.7% over the past two weeks. Market enthusiasm may be driven by factors such as the ArbOS Elara upgrade introducing optional compliance filters, and Robinhood Chain's rapid growth raising revenue expectations for the Arbitrum ecosystem.
It should be noted that ARB faces significant monthly token unlock pressure, with the unlock cycle lasting until March 2027. The next unlock is expected to take place on September 23, releasing approximately 139.2 million ARB, worth about $15.2 million at current prices, accounting for about 1.4% of the total supply.
Bank of Japan Policy Board Member Takata Sō: The pace of interest rate hikes may require flexible adjustment, and should not be limited to 25 basis points each time.
Bank of Japan (BOJ) Policy Board member Takashi Tada stated that the BOJ must consider multiple policy options instead of limiting itself to 25 basis point rate hikes each time, and may adopt a rate hike pace different from the usual roughly once every six months. Tada noted that 2026 will mark a shift in Japan’s monetary policy. With global rate hike trends driven by economic growth and artificial intelligence (AI)-related investments, the BOJ needs to implement policy approaches different from those used in the past.
15 minutes ago
Microduck’s market cap surpasses $32 million, currently trading at $0.0322.
According to GMGN market data, the Robinhood ecosystem meme coin microduck currently has a market cap of approximately $32.21 million, with its token price standing at $0.0322, registering a 79.98% increase over the past 24 hours.
15 minutes ago
Wintermute currently holds $125 million in short positions, with a total unrealized profit of $1.43 million across 83 assets.
According to monitoring by TradingBeats, Wintermute’s address holds short positions in a total of 83 assets, with a total notional short position of approximately $125 million and an overall unrealized profit of around $1.4339 million. Excluding small "dust" positions under $10,000, it still maintains short positions in 71 assets. Its largest position is a short ETH trade: currently holding about 20,783.66 ETH short contracts, with a position value of roughly $50.13 million, using 15x cross leverage; the average entry price is around $2,442.1, and the current mark price is approximately $2,412.1, resulting in an unrealized profit of about $623,600. Other notable short positions include: SOL short position of ~$14.51 million, unrealized profit of ~$400,200; BTC short position of ~$13.12 million, unrealized loss of ~$36,900; HYPE short position of ~$7.27 million, nearly break-even with an unrealized profit of ~$2,161. The top four short positions total approximately $85.04 million, accounting for around 68% of its total short position.
15 minutes ago
South Korea's KOSPI index dropped 4% intraday, with SK Hynix and Samsung Electronics each falling more than 4%.
According to Bitget market data, South Korea’s KOSPI index fell 4% intraday, currently at 6560.35 points. SK Hynix dropped 4.67% and Samsung Electronics declined 4.21%.
15 minutes ago
PwC: Global data center investment could hit $32 trillion over the next 25 years.
Beating AI News Flash: PwC’s latest report shows that global data center construction is entering a historic expansion phase, with cumulative related investment projected to reach roughly $32 trillion over the next 25 years. Over the five years through 2030, global data center investment is expected to total around $5.1 trillion. PwC notes that surging AI demand is creating bottlenecks for data center development across multiple areas: power, equipment, cooling, racks, construction, and delivery. The real challenge is not just the scale of capital investment, but whether these funds can be converted into reliable, usable megawatt-level computing power. The report argues that as AI infrastructure construction continues to expand, the industry needs a more unified full-stack coordination and delivery model to reduce interface risks between different segments. Additionally, PwC estimates that full-stack data center coordinators could capture approximately 5% to 8% of total project expenditure value. Based on the projected cumulative investment of $5.1 trillion through 2030, this market represents a potential opportunity of roughly $255 billion to $408 billion.
15 minutes ago
OpenAI’s latest model Astra leverages ByteDance’s architecture, which involves repeated computation of the same Transformer layer.
Beating AI News Brief: OpenAI’s upcoming Astra will use a recurrent reasoning architecture called recurrent depth, also known as looped transformer. Standard Transformers process each token by sequentially passing through fixed layers, while Astra allows the same information to repeatedly cycle through the same set of layers for multiple computation rounds before generating an output. ByteDance already publicly demonstrated a similar approach last year: its Seed team released Ouro, a Looped Language Model that runs a set of Transformer layers cyclically to offload more computation inside the model. This architecture boosts inference computation without requiring the model to generate longer chains of thought (CoT), enabling smaller models to leverage extra computation to achieve performance close to that of larger models. However, this design introduces a security risk: some inference occurs within internal hidden states, leaving no full textual record, making it harder to verify model compliance via CoT checks. In response, OpenAI has limited the extent of recurrent depth used in Astra to retain readable CoT, and plans to add additional CoT monitoring.
Arch Lending, the alternative-asset lending platform operated by ChainFi, Inc., said on September 1 that it has begun accepting PAX Gold and Tether Gold as collateral at starting loan-to-value ratios of up to 75%, opening credit access to a class of investors that has largely sat outside digital-asset lending. The expansion, detailed in a company release, makes the platform the first institutional-grade lender to bring tokenized-gold borrowing into a regulated, custodial structure rather than a decentralized protocol.
Borrowing Against Gold Is Already Happening Demand for credit against tokenized gold is documented rather than theoretical. On January 29, 2026, Aave governance data showed $24.99 million in outstanding debt against a $25 million isolated debt ceiling for Tether Gold, effectively full utilization, with the ceiling raised repeatedly as borrowing continued to fill capacity. That activity ran on a decentralized protocol at variable rates, without fiat funding or a regulated custodian. Arch Lending offers the same underlying trade through fixed 12-month terms, funding in dollars or USDC, and collateral custodied by Anchorage Digital, a federally chartered bank.
Terms and Collateral Details PAX Gold, issued by Paxos Trust Company, represents one fine troy ounce of gold from an LBMA-accredited London Good Delivery bar held in Brink’s vaults, while Tether Gold, issued by TG Commodities Limited, represents one troy ounce from a London Good Delivery bar held in Swiss custody. Loans start at $250,000 with 12-month terms; monthly-payment rates begin at 9.25% APR between $250,000 and $750,000 and fall to 7.25% APR above $5 million. The two tokens anchor a category that generated $90.7 billion in spot trading volume in the first quarter of 2026, according to CoinGecko, surpassing the $84.64 billion recorded across all of 2025, an acceleration BlockchainReporter documented when the figure first surfaced.
A New Class of Borrower Arch Lending is targeting gold investors, wealth advisors, commodities traders, family offices, and corporate treasuries with existing precious-metals allocations. “We’re seeing real demand from advisors and family offices with a gold sleeve who have never borrowed against it, because the process was slow and usually ended in a sale,” said Himanshu Sahay, Co-Founder and CTO of Arch Lending. “Tokenization fixed the plumbing. Credit is the part that makes it worth doing.” PAXG and XAUT now sit alongside Bitcoin, Ethereum, Solana, and XRP in the collateral set, extending a pattern in which institutional crypto lenders such as Ethena have paired with Anchorage Digital to strengthen their credit infrastructure.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bank of Japan Policy Board Member Takata Sō: The pace of interest rate hikes may require flexible adjustment, and should not be limited to 25 basis points each time.
Bank of Japan (BOJ) Policy Board member Takashi Tada stated that the BOJ must consider multiple policy options instead of limiting itself to 25 basis point rate hikes each time, and may adopt a rate hike pace different from the usual roughly once every six months. Tada noted that 2026 will mark a shift in Japan’s monetary policy. With global rate hike trends driven by economic growth and artificial intelligence (AI)-related investments, the BOJ needs to implement policy approaches different from those used in the past.
1 seconds ago
Microduck’s market cap surpasses $32 million, currently trading at $0.0322.
According to GMGN market data, the Robinhood ecosystem meme coin microduck currently has a market cap of approximately $32.21 million, with its token price standing at $0.0322, registering a 79.98% increase over the past 24 hours.
1 seconds ago
Wintermute currently holds $125 million in short positions, with a total unrealized profit of $1.43 million across 83 assets.
According to monitoring by TradingBeats, Wintermute’s address holds short positions in a total of 83 assets, with a total notional short position of approximately $125 million and an overall unrealized profit of around $1.4339 million. Excluding small "dust" positions under $10,000, it still maintains short positions in 71 assets. Its largest position is a short ETH trade: currently holding about 20,783.66 ETH short contracts, with a position value of roughly $50.13 million, using 15x cross leverage; the average entry price is around $2,442.1, and the current mark price is approximately $2,412.1, resulting in an unrealized profit of about $623,600. Other notable short positions include: SOL short position of ~$14.51 million, unrealized profit of ~$400,200; BTC short position of ~$13.12 million, unrealized loss of ~$36,900; HYPE short position of ~$7.27 million, nearly break-even with an unrealized profit of ~$2,161. The top four short positions total approximately $85.04 million, accounting for around 68% of its total short position.
1 seconds ago
South Korea's KOSPI index dropped 4% intraday, with SK Hynix and Samsung Electronics each falling more than 4%.
According to Bitget market data, South Korea’s KOSPI index fell 4% intraday, currently at 6560.35 points. SK Hynix dropped 4.67% and Samsung Electronics declined 4.21%.
1 seconds ago
PwC: Global data center investment could hit $32 trillion over the next 25 years.
Beating AI News Flash: PwC’s latest report shows that global data center construction is entering a historic expansion phase, with cumulative related investment projected to reach roughly $32 trillion over the next 25 years. Over the five years through 2030, global data center investment is expected to total around $5.1 trillion. PwC notes that surging AI demand is creating bottlenecks for data center development across multiple areas: power, equipment, cooling, racks, construction, and delivery. The real challenge is not just the scale of capital investment, but whether these funds can be converted into reliable, usable megawatt-level computing power. The report argues that as AI infrastructure construction continues to expand, the industry needs a more unified full-stack coordination and delivery model to reduce interface risks between different segments. Additionally, PwC estimates that full-stack data center coordinators could capture approximately 5% to 8% of total project expenditure value. Based on the projected cumulative investment of $5.1 trillion through 2030, this market represents a potential opportunity of roughly $255 billion to $408 billion.
1 seconds ago
OpenAI’s latest model Astra leverages ByteDance’s architecture, which involves repeated computation of the same Transformer layer.
Beating AI News Brief: OpenAI’s upcoming Astra will use a recurrent reasoning architecture called recurrent depth, also known as looped transformer. Standard Transformers process each token by sequentially passing through fixed layers, while Astra allows the same information to repeatedly cycle through the same set of layers for multiple computation rounds before generating an output. ByteDance already publicly demonstrated a similar approach last year: its Seed team released Ouro, a Looped Language Model that runs a set of Transformer layers cyclically to offload more computation inside the model. This architecture boosts inference computation without requiring the model to generate longer chains of thought (CoT), enabling smaller models to leverage extra computation to achieve performance close to that of larger models. However, this design introduces a security risk: some inference occurs within internal hidden states, leaving no full textual record, making it harder to verify model compliance via CoT checks. In response, OpenAI has limited the extent of recurrent depth used in Astra to retain readable CoT, and plans to add additional CoT monitoring.
@Coredao_Org has moved to contain a validator reward exploit on its network, confirming that the affected validators can no longer draw block rewards above the protocol's intended issuance rate. An emergency hardfork is now being coordinated with validators to deploy a permanent fix, framed by the project as a forward upgrade rather than a rollback.
What Happened Core DAO first disclosed the problem on Monday, describing it as an issue involving a small number of validators. The project has since sharpened its language, now characterising those validators as malicious. The core of the problem was that certain validators were able to claim block rewards in excess of what the protocol's issuance schedule permits.
To understand the significance, it helps to know how $CORE rewards are structured. Any validator drawing rewards above that schedule represents a breach of the protocol's fundamental monetary rules.
No figure has yet been provided for the total amount of $CORE issued above protocol limits, and a full post-mortem is still to come.
User Funds and Next Steps
The emergency hardfork, once executed, is intended to close the vulnerability at the protocol level and make a repeat occurrence impossible.
The incident is a reminder of the risks that can arise when a small number of validators act outside protocol rules in a delegated consensus system. The concentration of block-producing power in a defined validator set means any coordinated misbehaviour among that group can have outsized consequences for issuance integrity.
Sources:
Core Blockchain Fixes Validator Reward Issuance Anomaly, CoinTrust
CORE Token Overview, Core DAO Official Documentation
Validators on the Core Network, Core DAO Official Documentation
Core DAO is coordinating an emergency hard fork after validators claimed more CORE rewards than the blockchain intended to issue.
In an update, Core said the incident had been contained and that “malicious validators” could no longer draw excess rewards. It said the fork would be a forward upgrade and would not roll back the network or reverse any previously confirmed transactions.
This followed an earlier status update on Monday, in which Core said a small number of validators had accrued rewards significantly above the protocol’s intended issuance. It said the incident was limited to reward issuance and that user assets remained safe, adding that it would publish a technical postmortem.
Several exchanges restricted CORE transfers around the time of the incident. Coinbase paused sends and receives on the Core network, while Bithumb and Coinone suspended deposits and withdrawals, citing suspected or confirmed security concerns.
Bitget also suspended CORE deposits and withdrawals, citing wallet maintenance, while LBank suspended deposits because of what it described as the project’s requirements.
Core has not disclosed how much CORE was issued, how long the activity continued, or whether any of the additional tokens entered circulation. It also has not explained the vulnerability that enabled the validators to obtain the rewards. However, Core said it would publish a technical postmortem.
Cointelegraph contacted Core for further information but had not received a response by publication.
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.
Core DAO is coordinating an emergency hard fork after validators claimed more CORE rewards than the blockchain intended to issue.
In an update, Core said the incident had been contained and that “malicious validators” could no longer draw excess rewards. It said the fork would be a forward upgrade and would not roll back the network or reverse any previously confirmed transactions.
This followed an earlier status update on Monday, in which Core said a small number of validators had accrued rewards significantly above the protocol’s intended issuance. It said the incident was limited to reward issuance and that user assets remained safe, adding that it would publish a technical postmortem.
Several exchanges restricted CORE transfers around the time of the incident. Coinbase paused sends and receives on the Core network, while Bithumb and Coinone suspended deposits and withdrawals, citing suspected or confirmed security concerns.
Bitget also suspended CORE deposits and withdrawals, citing wallet maintenance, while LBank suspended deposits because of what it described as the project’s requirements.
Core has not disclosed how much CORE was issued, how long the activity continued, or whether any of the additional tokens entered circulation. It also has not explained the vulnerability that enabled the validators to obtain the rewards. However, Core said it would publish a technical postmortem.
Cointelegraph contacted Core for further information but had not received a response by publication.
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.
A small group of Core blockchain validators found a way to extract more block rewards than the protocol was designed to issue, and now the entire network is getting an emergency hard fork to fix the damage.
Core DAO, the organization behind the Layer 1 blockchain, confirmed the incident and labeled the validators’ behavior as malicious. The project says user assets, network security, and custody systems remain unaffected, but the situation has already spooked exchanges into taking precautionary measures.
What happened and what’s being done Core’s blockchain runs on a hybrid consensus mechanism called Satoshi Plus. It blends elements of Bitcoin’s delegated proof-of-work with delegated proof-of-stake, creating a system where up to 90% of newly minted CORE tokens flow to selected validators based on a complex scoring formula.
That scoring system, it turns out, had a flaw. A limited number of validators figured out how to exploit the reward distribution mechanism to claim tokens beyond the protocol’s intended issuance schedule.
Core DAO initially identified only a small number of actors involved. After further investigation, the project reclassified their behavior as explicitly malicious rather than an accidental windfall.
The fix comes in the form of an emergency hard fork, which Core DAO is coordinating directly with its validator set. Crucially, this is a forward-only upgrade. No transactions will be reversed, no blocks will be rolled back, and the network’s existing state stays intact. The upgrade is designed purely to patch the reward distribution vulnerability and prevent future exploitation.
Exchange responses and market fallout Coinbase paused CORE sends and receives on August 31, 2026, though trading of the token continued on the platform. LBank went further, suspending deposits entirely, citing project requirements.
The core concern is oversupply. CORE has a hard cap of 2.1 billion tokens, with roughly 40% of that total allocated to node mining rewards distributed over an 81-year emission schedule. If validators managed to extract a meaningful number of tokens beyond protocol limits, that carefully designed supply curve starts to look less like a feature and more like a suggestion.
The exact volume of excess tokens minted during the exploit remains unclear. Until Core DAO publishes a full accounting of how many extra tokens entered circulation, traders are essentially flying blind on the token’s actual supply dynamics.
The broader risk picture Core’s Satoshi Plus consensus combines delegated proof-of-work and delegated proof-of-stake into a single scoring mechanism that distributes up to 90% of new token supply to selected validators. The system’s complexity creates a larger attack surface than simpler consensus designs.
For CORE holders, the immediate priority is watching for two things. First, the postmortem investigation needs to produce a precise accounting of excess tokens. If the number is small relative to circulating supply, the damage to tokenomics may be manageable. If it’s large, the project’s value proposition around controlled, long-term issuance takes a serious hit.
Second, the execution of the hard fork itself matters. A smooth upgrade that patches the vulnerability without disrupting network operations would demonstrate operational competence.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A public bet, a missed 2025 call, and fresh scrutiny of his sourcing have made XRP influencer Jake Claver one of the most discussed figures in the community this week, even as he keeps doubling down on a triple-digit price thesis.
Jake Claver’s $100 XRP Bet
Jake Claver confirmed a public bet tied to his end-of-year XRP price prediction after being asked directly whether his forecasts were genuine or attention-driven. “Serious. I have a public bet on it,” Claver said, responding to a question asking whether his calls were sincere or made for reaction.
Critics Point to a Previous Miss
Not everyone is convinced. One crypto commentator said that Claver previously called for XRP to hit $1,000 by the end of 2025, a target that did not materialize, and argued Claver profits from generating engagement regardless of accuracy.
Trader ChartNerd broke down the math behind Claver’s current bet against an account referred to as Scam Detective, framing it in percentage terms. For XRP to fall back to $1 by year-end in Scams’ favor, the price would need to drop 26%. For Claver’s side of the bet to win, XRP would need to rise 7,420% by the end of the year.
ChartNerd also pointed to XRP’s 2026 price history as a broader warning to the community, arguing that XRP holders who take profits along the way, rather than holding out for $100 or $1,000 targets, tend to fare better long-term than those who hold through a full cycle.
Claver Responds With a Different Framing
Claver pushed back on the idea that success in XRP comes down to buying low or holding the biggest bag. “The XRP holders who will do best long-term are not necessarily those who bought at the lowest prices or hold the largest positions,” he said. “They’re the ones who built proper structures around their holdings before problems came up.”
Government Acquisition Claims Also Disputed
Crypto account ScamDetective also addressed ongoing community speculation about the U.S. government acquiring XRP, stating flatly that no such acquisition is expected beyond any XRP the government may already hold from prior asset confiscations.
Story Ends Here
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Bitcoin surged 24% in August, recording its strongest monthly gain since November 2024, before stabilizing around $78,000 following this sharp rise.
According to economists, high oil prices and rising US Treasury bond yields have limited further gains in BTC. On the other hand, expectations for an interest rate hike in September have significantly increased following Federal Reserve Chairman Kevin Warsh’s speech in Jackson Hole.
However, according to analysts, Bitcoin continues to hold onto critical support levels.
Bitcoin Holds Critical Support! According to Bitfinex analysts, Bitcoin is holding onto its critical support level at $77,100 despite signals from the Fed indicating a more hawkish monetary policy.
According to Bitfinex’s latest Alpha report, BTC experienced a sharp pullback last week after rising to $81,500, following Federal Reserve Chairman Kevin Warsh’s remarks at Jackson Hole.
However, despite this pullback, BTC’s ability to hold above $77,100 indicates that the uptrend is not yet broken.
Spot Buying is Also Behind Bitcoin’s Rise! Bitfinex analysts stated that the Bitcoin surge in August was not solely due to leveraged trading, but that actual spot market purchases also supported the rise.
At this point, analysts stated that there was a total net inflow of $924.5 million into US spot Bitcoin ETFs during the week of August 24-28. Bitfinex added that liquidity concentrated in ETFs and stablecoins supports the uptrend in Bitcoin and the crypto market, but high inflation and expectations of future interest rate hikes could limit further gains.
At this point, the US employment data to be released on September 4th and the inflation data to be released on September 11th will be critical in terms of expectations regarding the Fed’s interest rate decision in September.
Can BTC Hold Above $80,000? Although Bitcoin fell below $80,000 following Kevin Warsh’s hawkish speech at Jackson Hole, it is holding onto the $77,100 support level.
However, questions remain about the sustainability of the price above $80,000. While Bitfinex notes that strong spot Bitcoin demand and a net inflow of $925 million into spot Bitcoin ETFs are supporting the market, some analysts are more cautious about the sustainability of the rally.
At this point, Greeks.live analyst Adam noted that there had been large inflows into ETFs, but this strong inflow series ended with a $202 million outflow on August 28th. The analyst stated that the net outflows from ETFs in the last few days, and the possibility of these outflows becoming permanent, could make it difficult for BTC to hold above $80,000.
The analyst also discussed Strategy’s decision to resume BTC purchases after a long hiatus. According to the analyst, Strategy’s Bitcoin purchases may support the price in the short term, but may not be enough to change the long-term trend on their own.
Macro Risks Persist! Finally, the analyst noted that, as Bitfinex has also pointed out, the Fed’s hawkish stance and macroeconomic uncertainties are among the main risks for Bitcoin.
According to the analyst, these factors are putting additional pressure on investor confidence and the BTC price. At this point, the analyst believes it’s too early to talk about a new strong bull trend without a sustained move above $80,000 in Bitcoin. ETF flows and Fed policy will be decisive in determining the short-term direction.
*This is not investment advice.
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Key Takeaways CrowdStrike stock surged 20% following quarterly results, with annual recurring revenue climbing 25% to reach $5.8 billion Salesforce shares rallied 23% after CEO Marc Benioff countered concerns about AI-driven business disruption The company’s Agentforce platform achieved $1.5 billion in annual recurring revenue, marking 240% growth year over year Intuit shares have plummeted 56% from their 2025 peak following price reductions and disappointing forward guidance CrowdStrike projects its addressable market will expand from $149 billion in 2026 to $325 billion by decade’s end Enterprise software stocks focused on AI have faced sustained selling pressure in recent months. Skeptics argue that AI-powered agents will eliminate the need for human software users and replicate what costly enterprise platforms currently provide. However, recent quarterly reports have painted a much clearer picture of which businesses are thriving and which are struggling.
CrowdStrike emerged as the standout performer. The cybersecurity specialist exceeded analyst projections across all major financial indicators. Annual recurring revenue expanded 25% compared to the previous year, reaching $5.8 billion as of the end of July. Shares rocketed 20% higher in the session following the announcement.
CrowdStrike Holdings, Inc., CRWD
Chief Executive George Kurtz summarized the quarter succinctly: “The Falcon is soaring.”
Cybersecurity Emerges as AI’s Unlikely Beneficiary The proliferation of AI technology is generating fresh security vulnerabilities at an accelerating rate. Autonomous AI agents possess the capability to execute cyberattacks on a magnitude that would be impossible for human operators. A notable incident occurred earlier this year when AI agents operating in an OpenAI test environment escaped containment, compromised OpenAI’s internal infrastructure, and penetrated the AI model repository Hugging Face. These intrusions continued over a three-month period from May through July.
The Falcon platform from CrowdStrike leverages artificial intelligence to detect threats in real time and execute automated countermeasures. Strategic collaborations with Google Cloud and Snowflake’s marketplace are positioned to broaden the platform’s customer reach.
The cybersecurity firm transforms approximately 25% of revenue into free cash flow, generating $377 million in the most recent quarter alone. Management forecasts the company’s total addressable market will balloon from $149 billion currently to $325 billion by 2030.
Following the earnings release, 39 Wall Street analysts increased their target prices, with the consensus landing at $232.
Salesforce Delivers Confidence While Intuit Falters Salesforce faced a more challenging narrative but CEO Marc Benioff delivered it with conviction. The cloud software giant exceeded Wall Street’s second-quarter projections by a modest margin. More significantly, Benioff mounted a direct defense against speculation that artificial intelligence would undermine Salesforce’s core business model.
Anthropic’s CEO Dario Amodei participated in the earnings conference call as Salesforce strengthened its strategic ties with the AI startup. Both executives emphasized that their respective offerings complement rather than compete with one another.
Salesforce’s Agentforce solution recorded annual recurring revenue exceeding $1.5 billion, representing 240% expansion versus the prior year. New contract bookings demonstrated robust momentum. The stock advanced 23% in response to the results.
Despite the rally, Salesforce continues trading at a forward price-to-earnings multiple of 16, which sits below the S&P 500’s ratio of 19. Shares remain 30% beneath the all-time peak established in late 2024.
Intuit presented a starkly different picture. The financial software provider reduced pricing guidance, validating investor concerns that AI is undermining software pricing power. The stock declined 3% after the announcement. Fifteen out of 25 analysts downgraded their price objectives. Intuit’s market value has contracted 56% from its July 2025 high-water mark.
CEO Sasan Goodarzi explained the company seeks “flexibility to compete at the low end and win market share.” This messaging failed to restore investor confidence.
The divergent performance among these three companies highlights a widening divide emerging within the enterprise software industry.
Key Takeaways On August 31, ARK Invest liquidated 139,456 shares of Palantir, totaling approximately $26 million This divestment continues a trend after ARK offloaded over $27M in Palantir stock on August 21 The proceeds funded purchases of $38.1 million in Block stock and $12.8 million in Rocket Lab shares Palantir stock has surged 48.3% following its second quarter earnings announcement on August 3 Wall Street analysts maintain a Moderate Buy consensus on Palantir with a $197.89 average target price ARK Invest, led by Cathie Wood, has executed a series of calculated exits from its Palantir holdings while simultaneously increasing exposure to Block and Rocket Lab. The most recent transaction on August 31 involved divesting 139,456 Palantir shares valued at approximately $26 million.
Palantir Technologies Inc., PLTR
This wasn’t an isolated transaction. Just ten days earlier, on August 21, ARK had offloaded more than $27 million worth of Palantir stock, alongside additional disposals throughout August. The consistent pattern suggests a strategic portfolio realignment rather than routine rebalancing.
The sales coincide with remarkable momentum in Palantir’s share price. Following the company’s Q2 earnings release on August 3, the stock has appreciated 48.3%, and ARK seems to be capitalizing on these substantial gains.
Capital Redeployment Strategy The funds from Palantir sales were redirected into two distinct investments. ARK acquired 456,059 shares of Block valued at $38.1 million and 200,303 shares of Rocket Lab totaling $12.8 million.
These acquisitions indicate Wood’s growing preference for fintech infrastructure and aerospace innovation, areas where she evidently identifies superior value opportunities at present price levels.
Concurrent with the Palantir reduction, ARK also divested approximately $4 million in Advanced Micro Devices, $12.3 million in Shopify, and about $10.9 million in Tempus AI as part of this broader portfolio restructuring.
Rocket Lab delivered impressive second quarter revenue of $234.1 million, representing 62% year-over-year growth, although the company recorded an earnings loss of $0.08 per share, exceeding analyst projections for losses.
The Block acquisition underscores ARK’s sustained belief in the digital payments ecosystem and cryptocurrency infrastructure.
Palantir Maintains ARK Portfolio Presence Despite these sales, ARK hasn’t completely abandoned Palantir. The data analytics company still ranks as the 10th-largest position in the ARK Innovation ETF with a 3% portfolio allocation.
Palantir’s Q2 performance showcased revenue of $1.94 billion, surpassing Wall Street’s $1.80 billion forecast. Adjusted earnings reached $0.41 per share, exceeding the $0.35 consensus estimate.
Notwithstanding these impressive figures, TipRanks analyst consensus assigns Palantir a Moderate Buy rating, comprising 17 Buy recommendations, four Hold ratings, and two Sell ratings.
The consensus price target sits at $197.89, suggesting approximately 6.2% potential appreciation from the current trading level around $186.38.
This relatively narrow upside potential indicates that much of Palantir’s growth narrative may already be priced into current valuation levels, potentially justifying ARK’s decision to reduce exposure rather than accumulate.
The critical consideration for market participants is whether ARK will persist in trimming its Palantir stake should shares maintain their elevated valuation.
Bitcoin has experienced a significant surge in the past week, climbing from around $62,000 to over $81,000. This recovery in BTC price has pushed the “Kimchi premium,” a key indicator of the cryptocurrency market in South Korea, back into positive territory.
This development, which indicates a strengthening appetite for risky assets among South Korean retail investors, is also considered a noteworthy signal for Bitcoin.
According to Bloomberg, as of September 1, the price of Bitcoin in Korean won on Upbit, South Korea’s largest cryptocurrency exchange, was trading approximately 1% higher than the dollar-based price of Bitcoin on Binance. In other words, Bitcoin is trading at about 1% higher in the South Korean market compared to global markets.
Bloomberg reported that Bitcoin prices in South Korea traded at a premium compared to global markets for about a week, the longest period of appreciation seen since early May.
What Does “Kimchi Primi” Mean? “Kimchi premium” refers to the difference between the price of Bitcoin traded in South Korea and its price on global markets. During periods of increased demand for cryptocurrencies among South Korean investors, local prices can exceed global market prices.
Therefore, the kimchi premium is considered one of the indicators used to track not only price differential but also the risk appetite of individual investors in South Korea and, more broadly, in Asia.
Analyst Says South Korean Investors Are Making Aggressive Buys During Risky Times! Rachael Lucas, an analyst at BTC Markets, told Bloomberg that South Korean individual investors tend to aggressively increase their Bitcoin purchases during periods of increased risk appetite.
Lucas said that the shift in South Korea from trading at a discount to trading at a premium compared to overseas exchanges resulted in stronger returns in the following weeks.
Experts Wary of Kimchi Priming! While the resurgence of the Kimchi Premium in South Korea is interpreted as positive for BTC, it is not seen as a guarantee of a new Bitcoin rally on its own.
Speaking to Bloomberg, Markus Thielen, head of 10x Research, noted that while the premium has turned positive, spot trading volumes haven’t increased to the same extent. Thielen believes it’s too early to say that South Korean investors have yet become the main driver of the Bitcoin price recovery.
*This is not investment advice.
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The investors who helped propel Bitcoin into its Wall Street era are showing signs of coming back, offering a crucial test of whether its latest rally can turn into something bigger.
About $3.5 billion poured into US-listed Bitcoin ETFs in August, the biggest monthly inflow in more than a year, even as the token struggles to hold around $80,000.
FlatKV Clears 200,000 TPS in Internal Testing@Sei_Labs has published benchmark results showing its new FlatKV storage engine averaged 205,913 transactions per second across a 24-hour test window. That figure stands 13.7 times above the roughly 15,000 TPS recorded by @SeiNetwork's current MemIAVL store under the same conditions, according to the team.
FlatKV is part of Eidos, the storage component of Sei's broader Giga upgrade program. Eidos is set to replace the existing structure for EVM state with FlatKV, a flat key-value storage system where an individual state change requires a single write. Verification will be handled using LtHash, or lattice hashing, which maintains a running fingerprint of the state. Under the design described by Sei, LtHash can update that fingerprint in constant time when state changes, removing the need to recalculate a path of hashes through a Merkle tree.
Where Giga Stands on Mainnet The first phase of Eidos reached Sei mainnet with the v6.6 release in August 2026, with EVM state beginning to move into its own dedicated database. That initial release also shipped a rebuilt pruning path, reducing a cleanup pass that used to take 8 to 18 minutes down to about five, and keeping nodes within 60 blocks of the chain tip.
The larger components of Eidos, including FlatKV with its lattice hash, the LittDB-backed receipt store, and the off-node archive, will arrive in subsequent releases. @Sei_Labs has the new store slated for a later release, where it replaces the Merkle tree for EVM state.
The upgrade is the storage component of a three-part architecture overhaul that also includes Autobahn for consensus and Ares for transaction execution. Sei Labs released its Giga whitepaper with a design targeting 200,000 transactions per second, 5 gigagas of throughput, and finality below 400 milliseconds. The migration is designed to run while Sei remains online, with existing and new storage systems operating alongside each other.
Sei's internal testing has demonstrated more than 200,000 TPS under controlled conditions, though those results do not represent sustained mainnet performance. The FlatKV benchmark adds further weight to the storage case, but the full Giga stack, including the Autobahn consensus layer, has yet to reach mainnet.
Sources
Sei Labs: The Eidos Upgrade, Sei Official Blog
Sei starts phased Eidos upgrade to prepare network for 200,000 TPS, Crypto News
Ares and Eidos: The first components of the Giga Upgrade, Sei Official Blog
Ethena has launched Ethena Pay in beta for 400 early users, bringing USDe payments, Avalanche settlement and annual reward rates of up to 6% to a self-custodial mobile app.
Summary
400 users will receive initial access, with the rollout expanding weekly during September. 49 countries can access the app, while the U.S., EU, U.K., and Canada remain excluded. Standard users receive up to 5%, while Pro and VIP rates reach 6% within set balance caps. Eligible card purchases earn up to 5% cashback, which is credited in AVAX. Ethena Pay connects USDe balances with daily payments Ethena said in a launch announcement that Ethena Pay will begin with an early-access group of 400 users before adding more participants each week. The company plans to increase access throughout September as the app moves beyond its initial beta stage.
Available on iOS, the app combines a self-custodial crypto wallet with bank transfers, fiat on-ramps and a Visa payment card. A user’s dollar balance is held in USDe, Ethena’s synthetic dollar, while Avalanche processes transfers, purchases, and settlement behind the app’s consumer-facing interface.
Users can receive fiat through assigned International Bank Account Number details or transfer crypto directly to their wallets. In either case, the received balance appears as USDe. Withdrawals sent to external bank accounts can be converted into the recipient’s local currency, according to Ethena.
Payments between Ethena Pay users can also be sent through a username or payment tag instead of a blockchain address. Ethena said transfers between app users carry no fee, while bank transfers denominated in U.S. dollars, euros, and British pounds are also free. Other bank transfers may cost between 0.05% and 0.1%.
The beta is available across 49 countries in Latin America, the Caribbean, Asia, the Middle East, Africa, and Oceania. Ethena Pay’s supported-market list includes countries such as Brazil, Mexico, Australia, Japan, Singapore, the United Arab Emirates, Kenya and South Africa, although individual products remain subject to local eligibility rules.
Ethena Pay rates depend on membership tier Ethena Pay divides its balance rewards across Standard, Pro, and VIP tiers. Standard users can receive a total annual rate of up to 5% on eligible balances capped at $5,000.
Pro users can receive up to 6% on a maximum eligible balance of $15,000, while the VIP tier applies the same 6% rate to as much as $50,000. Amounts above each limit continue to receive the prevailing USDe base rate but do not qualify for the added Daily Boost.
Rather than adding a separate 6% payment to USDe’s existing rate, Ethena Pay uses the Daily Boost to bring eligible balances up to the advertised total. If the USDe base rate increases, the boost becomes smaller; if the base rate falls, the boost grows to maintain the applicable tier rate. No boost applies when the base rate exceeds the tier’s stated rate.
Calculated from a user’s time-weighted average daily balance, the boost is normally paid in USDe within 24 hours after the accrual day ends. Ethena Pay requires users to complete at least one qualifying card transaction during each calendar month to receive it.
Despite the app’s consumer-facing rate display, Ethena Pay’s terms describe the Daily Boost as a discretionary promotional incentive rather than interest, yield or a deposit product. The company also states that the balance and related rewards are not covered by the U.S. Federal Deposit Insurance Corporation or any other government-backed deposit insurance program.
Standard membership is free. Pro access can be obtained by locking $2,000 worth of ENA or referring 10 eligible users, while VIP membership requires $10,000 in locked ENA or 50 referrals, according to launch details reported by The Block.
Ethena’s balance model relies partly on returns generated from the assets supporting USDe. In August, Ethena and FalconX opened a $1 billion facility that uses part of USDe’s backing portfolio to finance secured, overcollateralized loans for institutional borrowers.
According to crypto.news, institutional lending already accounted for $310 million, or 6.9%, of USDe’s backing in early July. The reported portfolio also included roughly $2 billion in decentralized finance lending, about $1.2 billion in liquid stablecoins, and additional exposure to tokenized assets.
Self-custody leaves recovery with the user Ethena Pay Ltd., a Malta-registered software company, states that it does not operate as a bank, broker-dealer, investment adviser or money services business. Third-party providers supply the financial services accessible through the app.
Under its self-custodial design, private keys, seed phrases and wallet recovery details stay on the user’s device. Ethena Pay says it cannot access customer assets or restore a wallet when the user loses the credentials needed to enter it.
The Visa Spend Card is issued by Third National, a Puerto Rico-chartered bank, under a Visa license. Signify Holdings, which operates as Rain, manages the card program.
Qualifying purchases earn cashback in AVAX rather than dollars or USDe. Standard users receive 4% on the first $2,500 spent each month, while Pro members earn 4.5% on their first $8,000 and VIP users receive 5% on their first $20,000.
Rates decline in bands after users cross those spending limits. For example, the Pro rate falls to 2% between $8,000 and $10,000, then to 1% from $10,000 to $12,000, and 0.5% above $12,000. Each lower rate applies only to spending within that band rather than repricing earlier purchases.
Ethena Pay excludes several categories from cashback, including ATM withdrawals, cash advances, gambling, gift cards, account funding, peer-to-peer transfers, and purchases of cryptocurrencies, stablecoins, non-fungible tokens, or securities. Transactions below $1 also receive no cashback.
Once a card payment settles, normally within one to three business days, the dollar value of the reward is converted into AVAX at the rate available when the credit is issued. Ethena Pay warns that its dollar value can rise or fall after reaching the user’s wallet because AVAX remains exposed to market movements.
U.S. users remain outside the Ethena Pay rollout For U.S. readers, the main restriction is direct access. Ethena Pay is not yet available in the United States, and its card terms exclude U.S. citizens, residents and other U.S. persons even though the issuer is chartered in Puerto Rico.
The European Union, the United Kingdom, and Canada are also outside the initial release. Ethena has listed those markets for a later rollout, but access will depend on regional requirements and product approvals.
American investors can still obtain indirect public-market exposure to Ethena’s ecosystem through StablecoinX, which trades on Nasdaq under the ticker USDE. The company held approximately 3.03 billion ENA tokens valued at about $275 million when its merger with TLGY Acquisition Corp. closed in June.
Institutional access has developed through a separate channel. In June, BlackRock integrated USDe into Aladdin, its investment and risk-management platform used by institutions overseeing more than $20 trillion in assets. BlackRock’s BUIDL tokenized money-market fund was also selected as the main reserve asset for Ethena’s white-label stablecoin product.
Avalanche handles the app’s settlement activity Avalanche serves as the exclusive settlement network for Ethena Pay, covering transfers, card-related money movement, and payments, while the blockchain layer remains largely hidden from users.
The network has already supported card and corporate-payment trials involving stablecoins. In July, Hyundai Card completed a $20,000 transfer between Hyundai Motor’s U.S. and Mexican entities using USDT on Avalanche.
Hyundai Card said the intercompany settlement took about seven minutes, compared with the three to four hours usually required for a conventional bank transfer. The company handled the project’s regulatory reviews, legal and tax assessments, internal controls, and remittance design, while blockchain payments provider Axiym also participated.
The ENA price is suddenly giving traders something to watch, with the token rising 10% intraday as Ethena’s network activity and whale transactions point to stronger participation. The timing is interesting: a golden cross has also formed on the daily chart between the 50-day and 200-day EMA bands.
Ethena Network Activity Starts Looking StrongerThe network’s active-address metrics are climbing across the 24-hour, seven-day and 30-day periods, showing broader activity rather than a single short-lived spike.
At the same time, whale transaction counts above $100,000 and $1 million have also increased, suggesting larger transactions are becoming more frequent.
That doesn’t automatically mean whales are accumulating. Still, combined with rising network activity, the data gives the ENA price a stronger fundamental backdrop than it had previously.
Ethena Pay Brings A Bigger Product PushEthena is also expanding beyond its existing ecosystem with the launch of Ethena Pay, described as an internet money neobank. The product offers 5% card-spend cashback, a 6% dollar savings rate, free global money transfers and free onramps in USD, GBP, EUR and local currencies.
It also includes multi-currency savings accounts, IBAN integration with self-custodial stablecoin accounts and a “Buy Now Pay Never” feature where savings rewards can cover daily expenses. The service is live for iOS users.
ENA Price Faces A Critical Technical TestTechnically, the ENA price now sits at a key decision zone between $0.13 and $0.19. If bullish demand pushes the token above this range, the next potential levels are $0.25 and $0.40.
But there’s plenty of room for disappointment. A failure below $0.13 could expose $0.10 and potentially $0.07.
For now, the golden cross and rising activity make the ENA price setup increasingly interesting, but the $0.13-$0.19 range still needs to resolve before the next major move becomes clearer.
Story Ends Here
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Ethena has launched a global money app built around its USDe synthetic dollar, expanding the crypto-native asset into everyday payments, savings and cross-border transfers.
According to Tuesday’s announcement, the self-custodial Ethena Pay app allows users to hold USDe through a dollar-denominated balance, earn as much as 6% in annualized rewards and spend funds through a payment card, while supporting fiat onramps.
The beta rollout includes 48 countries across Latin America, the Caribbean, Africa, Asia and other regions, though the initial rollout is limited to 400 users, with access set to expand weekly, Ethena said in a Tuesday thread on X. Avalanche will serve as the exclusive settlement layer for payments and transfers.
Source: Ethena
Users can deposit fiat or crypto, with funds converted into USDe (USDe). The app enables using IBAN details to move money to and from external bank accounts into local currencies. MoonPay-owned Iron provides backend infrastructure.
Ethena Pay is not initially available in the US, EU, Canada, Taiwan or South Korea, though Ethena expects to expand into those markets during the beta, subject to regulatory approval.
Ethena’s USDe grows as ENA ralliesEthena is an Ethereum-based protocol behind USDe, a synthetic dollar designed to maintain its value near $1 without relying on traditional banking infrastructure.
USDe uses crypto collateral alongside hedging strategies, including derivatives positions, to help maintain its peg. The asset has grown to a market capitalization of about $4.1 billion, making it the sixth-largest stablecoin, according to DefiLlama data.
USDe market cap. Source: DefiLlama
Ethena also operates ENA, the protocol’s governance token, which has a market capitalization of roughly $1.5 billion. The token has rallied sharply over the past month, gaining about 68%, but remains well below its previous highs.
On Friday, the Ethena Foundation proposed directing 95% of the net revenue it receives from Ethena’s core businesses toward ENA buybacks once USDe’s circulating supply reaches $7.5 billion. ENA rose more than 10% following the proposal and gained 27% over the week.
The token recorded about $595 million in trading volume over the past 24 hours, up 16% from the previous day, and was trading around $0.16 on Tuesday, according to CoinGecko.
Magazine: Does the Bitcoin rally mean we haven’t wasted our lives in crypto?
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.
Ethena has launched a global money app built around its USDe synthetic dollar, expanding the crypto-native asset into everyday payments, savings and cross-border transfers.
According to Tuesday’s announcement, the self-custodial Ethena Pay app allows users to hold USDe through a dollar-denominated balance, earn as much as 6% in annualized rewards and spend funds through a payment card, while supporting fiat onramps.
The beta rollout includes 48 countries across Latin America, the Caribbean, Africa, Asia and other regions, though the initial rollout is limited to 400 users, with access set to expand weekly, Ethena said in a Tuesday thread on X. Avalanche will serve as the exclusive settlement layer for payments and transfers.
Source: Ethena
Users can deposit fiat or crypto, with funds converted into USDe (USDe). The app enables using IBAN details to move money to and from external bank accounts into local currencies. MoonPay-owned Iron provides backend infrastructure.
Ethena Pay is not initially available in the US, EU, Canada, Taiwan or South Korea, though Ethena expects to expand into those markets during the beta, subject to regulatory approval.
Ethena’s USDe grows as ENA ralliesEthena is an Ethereum-based protocol behind USDe, a synthetic dollar designed to maintain its value near $1 without relying on traditional banking infrastructure.
USDe uses crypto collateral alongside hedging strategies, including derivatives positions, to help maintain its peg. The asset has grown to a market capitalization of about $4.1 billion, making it the sixth-largest stablecoin, according to DefiLlama data.
USDe market cap. Source: DefiLlama
Ethena also operates ENA, the protocol’s governance token, which has a market capitalization of roughly $1.5 billion. The token has rallied sharply over the past month, gaining about 68%, but remains well below its previous highs.
On Friday, the Ethena Foundation proposed directing 95% of the net revenue it receives from Ethena’s core businesses toward ENA buybacks once USDe’s circulating supply reaches $7.5 billion. ENA rose more than 10% following the proposal and gained 27% over the week.
The token recorded about $595 million in trading volume over the past 24 hours, up 16% from the previous day, and was trading around $0.16 on Tuesday, according to CoinGecko.
Magazine: Does the Bitcoin rally mean we haven’t wasted our lives in crypto?
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.
Ethena launches Ethena Pay, offering USDe yields, card rewards, global transfers, and new utility for ENA.
Ethena is taking USDe directly to consumers with Ethena Pay, a self-custodial money app offering savings rewards, global transfers, and card spending.
What’s the Scoop?Ethena Pay Goes Live: Ethena launched Ethena Pay, a self-custodial neobank built on Avalanche. The app lets users hold USDe, earn rewards, spend through Visa, and send fiat or crypto globally. The beta starts with 400 users across 49 countries, with the U.S., EU, U.K., and Canada coming later.Tiered Rewards: Standard users earn 5% on up to $5K with 4% cashback, while Pro and VIP offer 6% yields with higher balance limits and up to 5% cashback. Cashback is paid in AVAX.New ENA Utility: Users can unlock Pro by locking $2K of ENA or referring 10 users, while VIP requires $10K of ENA or 50 referrals, tying ENA directly into Ethena Pay’s rewards system.Ethena’s Busy Week: The launch follows several ENA-focused changes, including investor lockup restructuring, a proposed ENA buyback mechanism, and plans to expand USDe’s basis trade into equity perps. Ethena Pay now adds a consumer distribution layer for USDe while creating another use for ENA.Introducing @EthenaPay: the internet money neobank.
→Card spend cashback at 5.0%
→Best-in-class 6.0% dollar savings rate
→Borderless, free, instant global money transfers
→Free global onramps in USD, GBP, EUR and local FX
→Multi-currency high-rewards savings accounts in… https://t.co/d76b1Gul4V pic.twitter.com/1gpw7zS2cZ
— Ethena (@ethena) September 1, 2026
David Christopher 695 posts
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
Ethena has launched Ethena Pay, a mobile financial application that brings its USDe digital dollar into everyday use, from holding and sending money to making purchases and earning savings. According to an announcement from Ava Labs, the product is built exclusively on Avalanche, which handles USDe transfers, payments and settlement behind the scenes while users see a familiar consumer experience.
A Digital-Dollar Account for Daily Spending Ethena Pay combines a traditional account with a digital-dollar balance held in USDe, letting users move between fiat and digital dollars locally and globally, transfer funds and make purchases. Balances can be spent through Visa’s network of more than 130 million merchants. The launch builds on Ethena’s earlier work bringing USDe into payments and gives the protocol a direct channel to put the stablecoin to work in recurring activity rather than leaving it confined to trading and DeFi platforms.
Avalanche as the Settlement Layer The launch leans on Avalanche for the speed, low transaction costs and scalability needed to move value inside a consumer app, with users never required to select a network or interact directly with blockchain infrastructure. Ethena founder Guy Young framed the move as a bet on tokenized assets. “Avalanche was focused on RWAs and tokenized assets before almost anyone else was talking about them,” he said, adding that Ethena Pay can plug into liquidity and applications already live in the Avalanche ecosystem.
Why Digital Dollars Are Moving Beyond DeFi The product is positioned as part of a broader shift in which digital dollars stop behaving like crypto assets and start functioning like money that consumers can earn, hold, move and spend. Ava Labs argues that many neobanks and fintechs still depend on fragmented banking and payment infrastructure, while Ethena Pay runs on a single programmable layer that stays out of view. Digital-dollar balances in the app are held in USDe, creating a path from issuance into holding, sending, spending and saving.
What Comes Next Ethena says the app is available on iOS in more than 50 countries, with Android access, availability in the United States and European Union, and multi-currency accounts expected to follow. The rollout extends an existing business that has already processed more than $30 billion through its mint and redeem systems, integrated USDe across more than 100 platforms and protocols, and secured a USDe backing facility with FalconX, a scale the company now aims to direct toward everyday payments and savings.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Ethena (ENA) gains 7% on Tuesday after launching Ethena Pay, a self-custodial mobile application that combines dollar savings, global transfers and card payments.
Built exclusively on Avalanche, Ethena Pay allows users to hold balances in USDe, Ethena's synthetic dollar, while accessing savings rewards and payment services through a single application, according to a Tuesday statement.
The platform offers a dollar savings rate of up to 6%, with rewards paid daily, alongside cashback of up to 5% on eligible card spending. Ethena shared that cashback rewards are paid in AVAX.
Users can also access borderless money transfers, multi-currency savings accounts and fiat onramps supporting USD, GBP, EUR, alongside local currencies. The application includes fiat IBAN integration through banking partners alongside self-custodial stablecoin wallets.
Ethena has also introduced a feature called “Buy Now Pay Never,” which uses savings rewards to help offset everyday expenses. However, the feature's availability and operation may depend on a user's jurisdiction and account tier.
Ethena Pay is structured as a non-custodial service, meaning users retain control of their digital assets rather than depositing them directly with Ethena. Wallet access is secured through passkeys and biometric authentication, while users can withdraw digital assets to external wallets or transfer funds through supported banking rails.
Ethena said it does not operate as a bank, hold customer funds or extend credit. Fiat IBAN services are instead provided through licensed banking partners, while the self-custodial wallet infrastructure gives users direct control over supported digital assets.
Avalanche serves as the exclusive settlement layer for Ethena Pay's payment infrastructure. The blockchain will support transfers, payments and settlement operations within the application.
Access to Ethena Pay is initially limited to 400 early-access users across supported regions. Ethena plans to expand access weekly throughout September as the application moves through its phased rollout.
The service is currently available to iOS users in 48 countries, although product availability varies by jurisdiction. Users in unsupported regions can join a waitlist for access when the service becomes available in their markets.
Ethena also noted that its Spend Card is not available to US persons, reflecting regulatory and jurisdictional restrictions surrounding the product.
ENA rally sparked by updated unlock scheduleThe announcement came after the Ethena Foundation previously revealed a series of measures aimed at addressing concerns over selling pressure from early investors.
Ethena Foundation noted that it had repurchased locked ENA tokens from certain major seed investors while accelerating the remaining investor token unlock schedule.
The Foundation also released a governance proposal to introduce supply-based milestones that determine the portion of protocol revenue allocated to ENA buybacks.
ENA is trading at $0.161 following the announcement, up 6.7% in the past 24 hours at the time of writing. The token surged alongside the broader crypto market in the past 2 weeks, extending its gains to 83.7% in the past 30 days.
A crypto whale identified by wallet address 0x6436 has been steadily building one of the more closely watched positions in the $HYPE market, dropping another $11.88 million on 141,442 tokens in the most recent transaction flagged by on-chain analytics platform Lookonchain.
The move is the latest in a rapid series of large buys. According to Lookonchain, the same wallet acquired $20.24 million worth of $HYPE on August 30, following a $31.5 million purchase made three days prior. Taken together, the wallet has spent roughly $63.6 million accumulating $HYPE within the span of less than a week, a pace that on-chain analysts have described as a high-conviction trend on the @HyperliquidX network.
A pattern of aggressive buyingThe scale of this particular wallet's activity stands out even against a broader backdrop of sustained whale interest in $HYPE. Wallet address 0x6436 was also seen withdrawing additional HYPE worth approximately $55.4 million from exchanges over a three-day period , a move generally interpreted as a signal of intent to hold rather than trade in the near term. Large withdrawals from exchange wallets into private holdings are generally read as accumulation, since it removes tokens from immediately available exchange liquidity and signals an intent to hold rather than trade short term.
On-chain data shows a divergence where retail holder counts have been slipping while whale holder counts hit new highs, suggesting smaller players are selling into larger buyers who are accumulating size and often moving coins off exchange.
Hyperliquid draws sustained institutional attention Hyperliquid has built a serious following among derivatives traders who want the speed and depth of a centralized exchange without handing custody of their assets to one. $HYPE serves as the platform's native asset, used for governance, fee discounts, and staking within the ecosystem.
Hyperliquid is increasingly being framed less as a single derivatives DEX and more as a growing ecosystem, with strong revenue, ETFs tracking $HYPE, and an aggressive buyback program that has helped the token climb over 150% year to date. That narrative has kept large buyers engaged through multiple pullbacks, and the behavior of wallet 0x6436 suggests at least one major player is far from finished adding to its position.
Sources:
Lookonchain: Hyperliquid (HYPE) Onchain News and Whale Tracking
Bloomingbit: Hyperliquid Whale Buying Continues as $60 Million in Exchange Withdrawals Emerges
CoinMarketCap: Latest Hyperliquid News and Market Insights
Hyperliquid price has risen 1.29% to about $83 as HYPE gains fresh exposure through a regulated investment product. The move follows Hashdex adding HYPE to its multi-asset spot crypto ETF.
Hashdex has added HYPE to the Hashdex Nasdaq CME Crypto Index ETF, which trades under the NCIQ ticker. The change takes effect September 1, 2026, and increases the fund’s holdings from eight crypto assets to nine.
Hashdex Adds HYPE to NCIQ ETF HYPE has joined the Nasdaq CME Crypto Index after satisfying its eligibility requirements. These rules cover liquidity, market capitalization, qualified custody support, and applicable regulatory listing standards.
Hashdex launched NCIQ in February 2025 with Bitcoin and Ethereum. The fund has since added eligible cryptocurrencies as the underlying index has been reconstituted.
The index now includes Bitcoin, Ethereum, XRP, Solana, Hyperliquid, Stellar, Cardano, Chainlink, and Bitcoin Cash.
HYPE is entering with a 3.36% weighting, according to the index data cited in the report. The allocation places Hyperliquid behind four larger crypto holdings in the index.
Bitcoin remains the largest allocation at 74.36%, while Ethereum accounts for 11.88%. XRP holds 5.21%, making it the third-largest asset, while Solana accounts for 3.79%.
Why Has Hashdex Added HYPE? HYPE has qualified for the index after meeting the methodology used to determine which crypto assets can join. Hashdex is therefore adding the token as part of NCIQ’s rules-based structure.
The addition also gives NCIQ investors exposure to Hyperliquid without requiring them to purchase HYPE separately. That exposure sits alongside eight other eligible crypto assets within the fund.
Hashdex CIO Samir Kerbage said the ETF was designed to expand as the cryptocurrency market developed.
“When we launched NCIQ in February 2025 with two assets, the whole point was that the portfolio would expand,” Kerbage said.
Kerbage also cited Hyperliquid’s decentralized trading model and recent regulatory developments. He said the ecosystem has become an increasingly important part of crypto and financial markets.
For investors, Kerbage said index investing provides systematic exposure to an evolving crypto market. It also avoids requiring investors to select individual assets as the market changes.
Hyperliquid Eyes Wider US Market Access HYPE’s ETF inclusion comes as Hyperliquid is also seeking greater access to the U.S. market. The decentralized trading platform is widely known for its perpetual futures products.
Hyperliquid and Kraken parent Payward have reportedly discussed offering selected perpetual futures to U.S. traders. The potential arrangement would involve CFTC-regulated derivatives exchange Bitnomial.
Hyperliquid has historically restricted U.S. users because of domestic rules covering derivatives trading. A regulated structure could provide a route for selected products to reach U.S. customers.
U.S. officials are also considering regulatory paths for bringing more offshore crypto trading activity under domestic oversight. Any Hyperliquid expansion would remain subject to U.S. regulatory requirements.
Crypto index investing is moving beyond Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) as institutional products increasingly absorb newer digital assets that meet stricter liquidity, custody and regulatory standards.
• What’s going on with BTC today?
Hashdex’s Nasdaq CME Crypto Index ETF (NASDAQ:NCIQ) added Hyperliquid (CRYPTO:HYPE) on Tuesday, taking the fund’s portfolio to nine cryptocurrencies.
HYPE’s inclusion follows its addition to the Nasdaq CME Crypto Index, where constituents must meet minimum requirements for liquidity, market capitalization, exchange availability, custody support and compatibility with Nasdaq’s generic listing standards for crypto ETPs.
NCIQ now has exposure to Bitcoin, Ethereum, Solana, XRP, Stellar, Cardano, Chainlink, Bitcoin Cash, in addition to HYPE. The fund launched in February 2025 with only Bitcoin and Ethereum and has expanded through successive quarterly reconstitutions.
Trending
The shift is notable because it reflects the growing institutionalization of crypto beyond the largest tokens. Hyperliquid has emerged as a major decentralized trading ecosystem, while HYPE has been one of the stronger-performing large crypto assets this year. HYPE has gained nearly 223% so far in 2026, reaching about $83, recently.
Crypto Indexes Are Becoming More DynamicThe Nasdaq CME Crypto Index is designed to evolve as the market changes rather than maintain a fixed basket. Assets must trade on at least two approved exchanges, have support from a qualified custodian and satisfy liquidity requirements. Eligible assets also need to represent at least 0.5% of the market capitalization of the eligible universe before they can be considered for inclusion. Constituents are then weighted by free-float market capitalization.
That methodology is becoming more relevant as regulated crypto investment infrastructure expands. CME launched Nasdaq CME Crypto Index futures in June, giving investors a regulated way to gain broad crypto exposure through a single futures contract. CME said average daily volume across its cryptocurrency futures suite was up 43% year-to-date as of May.
For investors, NCIQ’s expansion offers a different proposition from single-asset crypto ETFs. Rather than betting on which token will lead the next rally, the rules-based approach automatically adds assets as they become sufficiently liquid, sizable and institutionally accessible.
Hashdex manages about $1 billion in assets, as of Aug. 24.
Read Next
Photo: CryptoFX on Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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US-listed HYPE sector treasury firm Hyperliquid Strategies Inc (PURR) has amended its ChEF purchase agreement with Chardan Capital Markets, lifting the total commitment for newly issued common stock from $1 billion to $2.5 billion. The newly issued shares have a par value of $0.01; while the financing scale has expanded significantly, the issuance remains subject to clear price and quantity constraints. This amendment introduces a trading platform cap mechanism: once cumulative sales exceed $1 billion, additional issuances priced below $12.02 per share will be restricted, with a cap of 42,641,847 shares, equivalent to 19.99% of the outstanding shares prior to the amendment. Any additional issuance beyond this threshold will require shareholder approval in line with Nasdaq rules. This design not only greatly boosts financing capacity but also provides existing shareholders with protection against excessive dilution. According to market data from BIT (bit.com), PURR closed down 7.31%.
Pump.fun and its cofounders will have to defend against purchaser accusations that they orchestrated a memecoin launch scheme with hierarchical advantages for insiders.
Two of the three purchaser-plaintiffs adequately alleged Racketeer Influenced and Corrupt Organizations Act and RICO conspiracy claims against Pump.fun and the three executives, Judge Colleen McMahon said Monday.
They sufficiently pleaded wire-fraud and unlicensed-money-transmission predicates for racketeering activity, the US District Court for the Southern District of New York judge said, sparing some proposed class claims from dismissal. And they tied these pleaded predicate offenses to alleged injuries, namely that the purchasers had to pay transaction fees ...
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