Kamino Finance has opened a new borrowing market on Solana that accepts ZEC, the bridged version of Zcash’s native token, as collateral. Users can now post ZEC to borrow USDC, or dial up their exposure using Kamino’s Multiply product, which loops positions to create leverage without requiring a centralized exchange.
How it works and why Kamino built it this way Kamino routes ZEC through cross-chain bridge infrastructure, specifically NEAR Intents and OmniBridge, to bring the asset onto Solana in a form the protocol can price and custody. ZEC first became tradable on Kamino Swap, the protocol’s aggregator, in late October 2025, so this lending launch is a logical next step rather than a sudden pivot.
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The ZEC market sits inside Kamino’s isolated lending architecture, where ZEC collateral risk is contained in its own pool rather than mingling with the protocol’s main liquidity. That structure lets Kamino set custom loan-to-value ratios and liquidation thresholds tuned specifically to ZEC’s volatility profile, without exposing core markets to spillover risk if ZEC experiences a sharp drawdown.
The Multiply feature automates the loop of borrowing USDC, swapping it back into ZEC, and redepositing in a single transaction. The result is amplified ZEC exposure funded by borrowed stablecoins.
Part of a bigger pattern at Kamino The most recent comparable move was the introduction of a PAXG market on or around July 27, 2026. PAXG represents tokenized gold, so Kamino effectively allowed users to borrow USDC against a digital representation of physical gold bars. ZEC follows the same template, just with a privacy-focused cryptocurrency rather than a precious metal.
What this means for ZEC and privacy-asset DeFi Zcash’s shielded transaction capability uses zero-knowledge proofs, but regulatory pressure around privacy coins has kept many centralized venues at arm’s length, and DeFi integration has lagged behind mainstream assets by years.
Kamino’s overall lending platform handles billions in aggregate market size across its various pools, though specific figures for the ZEC market have not yet been disclosed. No expert commentary or specific TVL data has surfaced regarding the ZEC market to date.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DeFi Development Corp. plánuje nabídnout až 20 milionů USD v preferenčních akciích, aby rozšířila své držby Solana (SOL). Výnos má být použit i na nákupy dalších SOL.
DeFi Development Corp. (NASDAQ: DFDV), the firm that has built its balance sheet around accumulating Solana, has outlined plans for a new preferred-stock raise aimed at expanding that treasury. The company said it intends to offer up to $20 million of Variable Rate Series C Perpetual Preferred Stock, marketed under the nickname CHAD Stock, in a registered public offering.
The securities would carry a $10 stated amount per share and begin with an annual dividend rate of 13 percent, paid on a daily basis when declared.
The first regular payment is scheduled for October 1, 2026. Because the stock is perpetual, it has no maturity date.
The underwriter would also receive a 30-day option to buy an additional 15 percent of the shares. R.F. Lafferty & Co. is serving as sole book-running manager.
Completion remains subject to market conditions, and the company cautioned that size and final terms could still change.
Management said net proceeds would go toward general corporate purposes.
That list includes working capital, purchases of additional SOL, other digital-asset investments, strategic deals, and growth projects.
In other words, the raise is designed to keep DFDV’s core strategy moving: convert newly raised capital into more Solana and related exposures rather than rely solely on common-stock issuance.
At closing, the company plans to set aside a dividend reserve equal to the first 12 months of payments at the initial 13 percent rate, funded with cash, financial instruments, or digital assets.
The timing fits a broader pattern. DFDV has repeatedly used equity programs, convertible notes, and at-the-market facilities to scale its SOL holdings while tracking a metric it calls SOL per share.
Last week it reported that it had resumed buying Solana, adding roughly 19,000 SOL at an average price of about $98.
Earlier communications have described preferred equity as a cleaner form of leverage than convertible debt, because distributions can theoretically be supported by staking yield, validator income, and other on-chain activity rather than by issuing more common shares.
The new variable-rate series is the latest attempt to put that idea into practice.
For investors, the instrument sits between ordinary equity and senior debt.
Holders would rank ahead of common stockholders for dividends and in a liquidation, but the coupon can be adjusted after the first period at the board’s discretion, and payments still depend on legally available funds.
The company has applied to list the shares on Nasdaq under the ticker CHAD.
Whether a liquid market develops after listing is another open question.
The proposal also reflects how digital-asset treasury companies have evolved.
Instead of treating crypto simply as an unproductive reserve, DFDV presents Solana as an asset that can appreciate and generate yield. Preferred stock, in that framing, becomes a way to add leverage without the forced-sale risk of margin loans.
Critics will note the usual caveats: SOL prices remain volatile, dividend coverage is not guaranteed, and any new senior claim sits ahead of existing common shareholders.
Still, the announcement is consistent with DFDV’s stated goal of compounding Solana exposure per share over a multi-year horizon. If the offering closes near the proposed size, it would give the company another modest but targeted pool of capital to deploy into the same asset that already dominates its treasury.
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Podíl Solany na globálním objemu tokenizovaných akcií spadl během dvou týdnů z 71 % na 30 %. Kapitál odtáhly memecoinové páry na BNB Chain a Robinhood Chain.
Solana went from controlling nearly three-quarters of on-chain tokenized equity trading to holding less than a third. The culprit? Memecoins dressed up in stock-market clothing on competing chains.
Over a two-week stretch ending around August 27, 2026, Solana’s daily share of global tokenized stock volume collapsed from 71% to 30%, according to Blockworks. The decline wasn’t driven by anything breaking on Solana itself. Instead, rival EVM-compatible chains, specifically BNB Chain and a new Robinhood-branded chain, introduced hybrid trading mechanics that paired memecoins with tokenized real-world assets, pulling speculative capital away from Solana at a remarkable clip.
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How meme/stock pairings rewired the market Rather than simply listing tokenized versions of stocks the way Solana’s xStocks protocol does, BNB Chain and Robinhood Chain created trading pairs that bundle a memecoin with a tokenized equity. On BNB Chain, a meme/stock pair called $牛来 reached a peak market cap of $77 million. On Robinhood Chain, a pair branded $AI hit $67 million.
The design also forces users to bridge assets onto the host chain in order to participate. That bridging activity inflates transaction volumes, which in turn makes the chains look more active, which attracts more traders.
The contrast with Solana’s earlier dominance is stark. During Q2 2026, and particularly around a wave of SpaceX-related tokenized equity activity in June, Solana captured between 95% and 97% of all on-chain tokenized equity spot trading volume.
Solana’s absolute numbers tell a different story The network has processed over $9.5 billion in cumulative tokenized stock volume since the xStocks protocol launched in July 2025. It has 288,000 unique holders. And it has generated $56 million in equity-backed lending pools as of late August 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@injective has announced that staking on its network has hit a new all-time high, with 58.8 million $INJ tokens now locked with validators. That figure represents roughly 59% of the protocol's fixed 100 million total supply, a level the team described as one of the highest staking ratios among layer-1 blockchains.
A Sharp Climb From 2023 The milestone marks a significant shift from where the network stood just three years ago. Staked supply has risen from approximately 42 million INJ in September 2023, with the bulk of that growth coming over the past several months. The climb reflects both growing confidence in the network and the structural incentives built into the protocol.
What a High Staking Ratio Means for the Network That dynamic has been reinforced by the protocol's burn mechanics.
The growing staking base has also attracted institutional attention. Separately,
Wintermute, one of the largest algorithmic market makers in digital assets, has quietly built a position worth more than $3 million in PONS, the governance token for the leading meme-coin launchpad on Robinhood Chain. Blockchain analytics firm Arkham Intelligence flagged the accumulation on September 5, noting that Wintermute’s holdings had grown from roughly $2 million to north of $3 million through a series of incremental purchases on Uniswap.
The buying pattern suggests a time-weighted average price strategy, which is basically the crypto equivalent of dollar-cost averaging on autopilot. Instead of slamming the order book with one big trade, a TWAP algorithm spreads purchases across time intervals to minimize price impact.
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What PONS actually is PONS serves as both the governance and utility token for Pons, a launchpad platform built on top of Robinhood Chain. The chain itself went live on July 1, 2026, and Pons quickly established itself as the dominant launchpad in the ecosystem, leading in both trading volume and daily active addresses.
The token’s price trajectory reads like a fever chart. PONS traded near $0.003 in mid-July, then climbed to peaks above $0.50 by early September. That’s roughly a 16,000% move in under two months.
Pons generates revenue through its launchpad operations and channels a portion of that back into token buybacks and burns. The mechanism creates a direct feedback loop: the more activity the launchpad sees, the more tokens get pulled out of circulation.
What Wintermute’s involvement signals Arkham was careful to note that Wintermute has not disclosed a market-making mandate for PONS. That distinction matters. When a firm like Wintermute takes on a market-making role, it’s typically compensated by the project or its foundation, often through token loans or fee arrangements. A proprietary position, by contrast, suggests the firm sees value in holding the asset for its own book.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Adresy spojené se sankcionovanou severokorejskou Lazarus Group přes Hyperliquid přesunuly více než 30 milionů USD, podle Arkham Intelligence. Toky zahrnovaly bitcoin, ether i solanu a mířily na centralizované burzy.
Wallets tied to North Korea’s sanctioned Lazarus Group have been routing tens of millions of dollars through Hyperliquid, according to on-chain work first published by Arkham analyst Emmett Gallic.
The finding lands just as the Trump administration is trying to pull the same derivatives venue into the regulated US market.Gallic reported that addresses linked to the OFAC-designated group moved more than $30 million through Hyperliquid’s HyperUnit bridge as recently as August 30.
Investigator ZachXBT had already tied those same addresses in 2024 to about $61 million in stolen bitcoin.
In the latest flow, funds arrived as bitcoin, were swapped into ether and solana, then bridged out to Tron, Solana, and Ethereum.
From there they reached KuCoin, LBank, Kraken, and several unlabeled Tron services.
Gallic split the activity into two clusters: one of about $30 million that traces to wallets already labeled Lazarus, and another of about $5 million that shows similar dormancy, address style, and counterparties.
That pattern is not a claim that Hyperliquid itself was breached.
It is a claim that a permissionless venue can be used to convert and hop stolen coins before they hit centralized exchanges.
Public ledgers show the path. They do not by themselves show whether those exchanges later froze accounts, filed reports, or blocked further withdrawals.
The policy backdrop makes the tracing more than a crime-lab footnote.
At a White House gathering in mid-August, President Donald Trump said CFTC Chairman Michael Selig was working to bring Hyperliquid into the United States “in a fully compliant and legal fashion.”
Separate reporting has described advanced talks between Hyperliquid Labs and Payward, Kraken’s parent, about offering some perpetual futures to American traders through Bitnomial, a CFTC-regulated exchange and clearinghouse.
An onshore product would still have to satisfy derivatives rules, customer-protection standards, market surveillance, and sanctions screening—requirements that sit uneasily next to wallet-to-wallet trading with no traditional KYC gate.
Hyperliquid grew into the largest decentralized home for perpetual futures by letting users trade from a wallet rather than a brokerage account.
That design helped it process trillions of dollars in cumulative volume.
It also leaves developers unable to force identity checks on every address that touches the chain.
Product filings for HYPE-linked funds have already listed that gap as a sanctions risk.
Lazarus-linked wallets were flagged on the platform as early as late 2024, when earlier suspected DPRK activity helped spark a large one-day outflow even though the protocol said no user funds were taken.
US agencies have long argued that North Korean cyber units steal crypto to finance weapons programs.
Analytics firms put 2025 DPRK-linked theft near $2 billion. Converting bitcoin on a high-liquidity perps venue, then bridging into other networks before cash-out, matches a familiar layering playbook.
Addresses linked to OFAC Sanctioned Lazarus Group (North Korea) have been actively moving $30M+ through Hyperliquid (HyperUnit) as recent as yesterday.@zachxbt identified these addresses as Lazarus Group in 2024 linked to $61M in stolen fundshttps://t.co/RNJ4NMBrxA pic.twitter.com/CvivPLVnEL
— Emmett Gallic (@emmettgallic) August 31, 2026
None of that proves an intent to sabotage Hyperliquid’s US ambitions.
It does give regulators a concrete case when they ask how a permissionless global book can be walled off from a compliant American offering.
The open questions are practical.
Who controls the deposit accounts at the centralized exchanges? Which of those firms acted after the coins arrived? And can an onshore Hyperliquid product be designed so that sanctioned clusters on the open protocol do not bleed into U.S. order flow?
Until those answers are public, the $30 million trail is less a verdict on Hyperliquid than a stress test of whether DeFi can enter US markets without importing the same sanctions problem that thrives in wallet-native trading.
Sui Foundation uvedla, že Mysticeti vynechává certifikační kolo a zkracuje dobu finalizace konsensu na zhruba půl sekundy. Jednoduché transakce se podle ní vypořádají asi za 250 milisekund.
How Mysticeti Rewrote the RulesMost legacy blockchain consensus designs require each proposed block to collect signatures from a quorum of validators before it is considered valid. That certification round adds meaningful overhead: under the older Narwhal-Bullshark setup that @SuiNetwork previously ran, a commit could take as many as three round trips before it was finalised.
Mysticeti removes that bottleneck. According to the Sui Foundation, the protocol takes a different approach: validators simply sign and share their blocks directly, without waiting for a formal certification step. A novel commit rule then decides when each block is ready, meaning every block can be committed as soon as the rule is satisfied, with no added delay. The result is a consensus commit time of roughly half a second, with single-owner transactions settling even faster at around 250 milliseconds.
The academic paper behind Mysticeti, published on arXiv, confirms the headline numbers: Mysticeti-C is described as the first Byzantine consensus protocol to achieve wide-area network latency of 0.5 seconds for consensus commit while simultaneously maintaining throughput exceeding 200,000 transactions per second. Integrating it into Sui produced compared to what came before.
Parallel Proposals and the Mysticeti v2 Extension That is a deliberate departure from older designs, where validators effectively took turns, and each slot was limited to a single block per validator.
Dropping the certification round creates a side effect: without the one-block-per-validator-per-slot constraint that the old signing round enforced, a validator can now propose more than one block. The commit rules carry the responsibility for handling that. @SuiNetwork addressed this further with Mysticeti v2, which builds on top of the original rather than replacing it. Mysticeti v2 also folds a fast path into the DAG structure itself, allowing eligible transactions to settle at even lower latency.
That improvement, combined with a reported , makes the architecture a meaningful step forward for validators and application developers building on the network.
Sources:
Sui Foundation: Mysticeti Set to Supercharge Consensus on Sui
arXiv: Mysticeti: Reaching the Limits of Latency with Uncertified DAGs
Sui Foundation: Mysticeti v2: Faster and Lighter Sui Transaction Processing
Flare po revizi tokenomiky zvýšil vsazený FLR od července asi o 34 % na 21,5 miliardy. Zároveň klesla inflace a spalování transakčních poplatků je nyní více než 10× nad úrovní před upgradem.
Flare has recorded a roughly 34% increase in staked FLR since July, taking the total to 21.5 billion tokens as its revised economic model cuts inflation and ties more network activity to token burns and protocol revenue.
Summary
Flare staking increased from about 16 billion to 21.5 billion FLR after the July upgrade. FIP.16 reduced annual FLR inflation from 5% to 3% and lowered its issuance ceiling. Transaction-fee burns have risen to more than 10 times their level before the network upgrade. FIRE has collected $31,438 from four revenue sources since it started operating in May. Flare staking has increased to 21.5 billion FLR DefiLlama Research reported on Sept. 4 that Flare’s tokenomics changes are producing measurable onchain results four months after the network approved FIP.16.
Staked FLR rose from approximately 16 billion in July to 21.5 billion, an increase of about 34%. The portion of all staked or delegated FLR held in staking climbed from roughly 32% in April to 46% by late August, with much of the increase occurring within weeks of the July 14 network upgrade.
Under FIP.16, FLR locked on Flare’s P-chain carries five times the signing weight of wrapped FLR delegated on its C-chain. Delegated tokens remain liquid and can be withdrawn at any time, while P-chain staking requires holders to lock their capital with a validator.
Signing weight determines how much influence infrastructure providers have when producing blocks and operating Flare’s native data systems. Providers run the Flare Time Series Oracle, which supplies price feeds, and the Flare Data Connector, which verifies information from other blockchains and Web2 services.
Before FIP.16, different Flare protocols calculated voting weight in different ways. The revised system applies one calculation across FTSO anchor feeds, FDC, and block-latency feeds, with locked stake receiving the fivefold weighting.
Flare’s official governance proposal said the change was designed to put more influence behind committed capital and make the network’s core services equally costly to attack.
At the same time, the July upgrade raised the maximum stake per validator from 200 million to 300 million FLR. It also introduced a network-wide minimum delegation fee of 20%, replacing the previous minimum of zero.
Flare said the fee floor should prevent providers from competing through unsustainably low charges. Infrastructure providers must operate validators, collect data, maintain independent systems, and participate in governance, according to the proposal.
Flare tokenomics changes cut inflation and raise burns Annual FLR inflation fell from 5% to 3% on May 14, cutting the headline rate by 40%. The annual issuance ceiling also declined from 5 billion to 3 billion FLR.
With an inflatable supply of about 87 billion tokens, the 3% rate produces a gross yearly issuance of roughly 2.6 billion FLR, according to DefiLlama Research. Actual issuance may decrease over time because FIP.16 also changed, which balances count toward the calculation.
Permanently burned FLR, tokens held by the Flare Income Reinvestment Entity, and unearned rewards placed in certain penalty pools are excluded from the inflation base. As those balances increase, the amount subject to the 3% calculation becomes smaller.
Transaction burns accelerated after Flare implemented its Granite upgrade on July 14. Official network release notes show that the minimum C-chain base fee increased from 25 gwei to 500 gwei.
All FLR paid as base transaction fees are permanently destroyed. Flare had burned 15.6 million FLR through transaction fees in 2026 by the time DefiLlama published its report, with more than 40% of the total burned following the July upgrade.
Consequently, the current burn pace sits at more than 10 times its pre-upgrade baseline. Usage determines the amount destroyed because every transaction removes FLR without requiring a new vote or a treasury decision.
Higher gas settings have not made simple transfers expensive in dollar terms. DefiLlama estimated that a basic transfer costs around 0.064 FLR, although transactions involving smart contracts may consume more gas.
Activity feeding the burn mechanism has also expanded through Flare’s FAssets system. In May, an FAssets v1.3 upgrade allowed users to mint FXRP from centralized exchanges such as Binance and Kraken through an XRP Ledger destination tag. FLR rose 14% on the day the upgrade went live, crypto.news reported at the time.
FIRE has started collecting network revenue FIP.16 created FIRE as a governed entity responsible for receiving revenue generated by Flare’s protocols. Its primary mandate permits the entity to reduce FLR supply through token burns and open-market purchases.
Secondary uses include supporting asset issuers, application yields, liquidity programs and the Flare Foundation’s network operations. Flare initially administers the entity through its foundation.
Four income sources are already active. FIRE receives all FAssets minting fees, 90% of FDC request fees, 10% of FAssets redemption fees, and FLR paid for FXRP destination-tag registrations.
Since collections began in May, FIRE has received assets worth $31,438, according to the DefiLlama report. FAssets minting provided $18,248 across 7,708 mints, making it the largest source.
FDC request fees contributed another $12,676 after collections from that service began on Aug. 18. Destination-tag registrations added $505, while FAssets redemption fees supplied $9.
Two sources pay FIRE in FLR, and two pay in FXRP. As a result, the pool’s reported dollar value changes with token prices as well as the volume of protocol activity.
FDC activity supports several services behind those revenue streams. Flare uses the connector to verify payments and events outside its network, including XRP Ledger transactions involved in creating FXRP.
A July update simplified FXRP access by allowing users to mint the asset and enter selected vaults with one XRP Ledger signature. At the time, FXRP deployed in DeFi had increased from 82 million in February to 144 million, while users had created nearly 24,000 Flare Smart Accounts.
FIRE’s current receipts remain small compared with approximately 2.6 billion FLR in estimated gross annual issuance. Flare’s model therefore still relies mainly on reduced inflation and transaction burns rather than on enough protocol income to offset token creation.
Planned income from Flare Smart Accounts, Confidential Compute, and protocol-level maximal extractable value has yet to enter FIRE. Flare said its MEV system would capture value from permitted activities such as liquidations, atomic arbitrage, cross-chain arbitrage, and just-in-time liquidity.
According to Flare’s April explanation of FIP.16, its DeFi ecosystem processed more than 660,000 transactions involving cyclic-arbitrage structures and over 1,000 liquidation events during the first quarter of 2026. The company said the amount that FIRE could collect from MEV would depend on the volume and type of DeFi transactions processed by the network.
FXRP activity connects Flare with U.S.-regulated RLUSD FAssets give tokens from networks without smart-contract support a usable form on Flare. FXRP represents XRP within that system, allowing holders to place the asset in lending markets, liquidity pools, vaults, and other decentralized applications.
Flare said in April that more than 150 million FXRP was in circulation, with about 85% deployed across DeFi. At that point, the network had more than $160 million in total value locked under DefiLlama’s standard calculation and over 880,000 active addresses.
Part of that activity now reaches Ethereum. In August, FXRP received approval as collateral in Sentora’s RLUSD Main vault on Morpho, allowing holders to borrow Ripple’s dollar-backed stablecoin without selling their XRP exposure.
The RLUSD lending market provides a relevant U.S. connection because Ripple received approval for the stablecoin from the New York Department of Financial Services in December 2024. Sentora reviewed FXRP’s liquidity, price behavior, oracle design and liquidation mechanics before accepting it as collateral.
Morpho uses isolated lending markets, limiting problems with one collateral asset to its specific pool rather than exposing every market in the protocol. Borrowers must deposit more FXRP than the value of RLUSD they receive, and liquidations depend on enough FXRP liquidity being available to repay lenders.
FIRE may move to joint community governance after its first year. Initiating the change requires support from holders representing at least 50% of Flare’s total inflatable FLR supply, after which the network would elect four representatives from infrastructure providers operating across Flare and Songbird.
Bonk (BONK) is edging lower and trading at $0.00000318 on Monday, weighed down by a broader cryptocurrency market correction. The meme coin was rejected around $0.00000367 the day before, cutting short a recovery attempt. If support at $0.00000300 holds, the meme coin could stabilize ahead of another recovery attempt.
Upbit to delist BONK citing user protection risksUpbit, one of South Korea’s leading crypto exchanges, announced it will remove BONK from its tradable asset list on Monday, including the trading pairs BONK/KRW and BONK/USDT. In a press release, the exchange said the delisting follows its “Digital Asset Trading Support Termination Policy,” which flagged multiple shortcomings and the risk of user harm.
Upbit said its evaluation revealed several risks and incidents, including unexplained security breaches such as hacking, and that the digital asset’s wallet and the distribution ledger used to issue and store the token remained unresolved. BONK was flagged as a cautionary trading item on July 7, but the exchange’s concerns were not resolved as per its termination policy.
Investors will no longer be able to trade the asset as of Monday, but withdrawals will be supported until October 7. Deposits will remain suspended; therefore, investors have been cautioned against sending funds to the platform.
Upbit has also designated Mantra (MANTRA) and related pairs as a cautionary trading item, temporarily suspending deposits and withdrawals.
Technical analysis: BONK slides toward short-term supportBONK is correcting lower, trading around $0.00000318. The meme coin is down over 7% on the day and appears poised to test the key support at $0.00000300. Meanwhile, the descending trendline provides short-term support that, if defended, could support BONK’s recovery outlook.
BONK/USDT daily chartMomentum remains mixed, as the Relative Strength Index (RSI) at 55 falls toward the midline, suggesting that bears are tightening their grip. With the Moving Average Convergence Divergence (MACD) holding above its signal line and the histogram staying positive, momentum leans toward a constructive bias rather than a full-fledged correction. On the upside, a recovery above supply at $0.00000367 would open the door to gains targeting highs beyond $0.00000400.
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
@Zebec_HQ has added support for $ZANO and fUSD inside its SuperApp on iOS and Android, giving holders of both assets a direct path to spending their crypto at Mastercard merchants worldwide.
Two Card Options for Zano Holders Users can load either a single-use Silver card or top up a reloadable Carbon card within the app. When a purchase is made at a Mastercard terminal, the crypto balance converts into fiat at the point of sale, removing the need for users to manually off-ramp funds in advance. The integration brings Zano's privacy-focused assets into a platform that already combines payroll streaming, card management, and staking in one place.
What Zano and fUSD Bring to the Table Its Confidential Assets framework underpins fUSD, the network's native stablecoin.
The Zebec mobile integration represents a meaningful step for @zano_project, pairing its privacy infrastructure with a consumer-facing payments app and a globally accepted card network. For holders looking to use $ZANO or fUSD in everyday purchases, the SuperApp now provides that bridge without giving up the privacy properties that define the Zano chain.
Sources:
Zebec SuperApp Launch: Crypto Fintech Convergence and Platform Strategy Implications
How Zano Brings Privacy to Mainstream Crypto Users (CoinGecko)
What is Freedom Dollar (fUSD)? (Bitcoin.com)
RedTeam na Bittensoru zvýšil úspěšnost detekce botů z 74,3 % na 99,5 % za 11 měsíců nepřetržitého adversariálního testování. Innerworks chystá novou fázi s „Immune System“ a výzvou „Bot Virus“.
What if you could turn a decentralized mining network into a global army of ethical hackers? That’s the premise behind RedTeam, a subnet on Bittensor that pits miners against each other in competitive security challenges. And the results, at least on paper, are hard to ignore: bot detection efficacy jumped from 74.3% to 99.5% over 11 months of continuous adversarial testing.
The project, operated by cybersecurity firm Innerworks under Bittensor’s subnet 61 (SN61), is now gearing up for its next phase. An “Immune System” designed to expand bot detection into real-time attack-and-defense operations is on the way, complete with a new challenge called “Bot Virus” that aims to breed adversarial agents capable of doing both simultaneously.
How turning miners into hackers actually works Miners submit code-based solutions to specific security challenges. Those solutions get evaluated in controlled environments, and performers earn TAO tokens based on how well their submissions stack up against the competition.
Since its launch in late 2024, RedTeam has run 14 distinct challenges, deprecating 9 of them as the network’s capabilities matured past the difficulty threshold.
The challenges span a range of security scenarios, from human-behavior mimicry to automation bypass testing. Miners submit Docker-based solutions, which means each entry is a self-contained software package that can be spun up and tested in isolation.
The 99.5% bot detection figure is the headline stat, but the more telling number might be this: while RedTeam’s network was sharpening its detection capabilities, the average performance rate of competing systems fell to just 14.6%.
Enterprise traction beyond the subnet Innerworks has integrated its technology with 1inch, the well-known DeFi aggregation protocol, and with a major messaging application that serves over 100 million daily active users.
Beyond those two, five additional enterprise applications are currently being tested on the platform. Those five collectively carry valuations exceeding $22 billion and each processes more than 1 billion transactions per week.
The Immune System and what comes next The centerpiece is the “Bot Virus” challenge, which flips the traditional attacker-defender paradigm. Instead of miners only building better detectors, they’ll also be tasked with creating adversarial agents that can simultaneously attack and defend.
The Immune System will feature encrypted submissions, a design choice aimed at preventing miners from copying each other’s work. It will also introduce enhanced incentive structures to reward continuous innovation rather than one-time breakthroughs.
On the economic side, Innerworks plans to initiate alpha token buybacks funded through revenue from its SaaS operations, alongside locked profits and upcoming emissions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid is expanding its builder-deployed perpetual market framework with an optional add-on known as HIP-3*. The change, discussed by co-founder Jeffrey Yan on September 3, 2026, is meant to let independent market operators restrict access to selected venues without rewriting the protocol’s open core.
HIP-3 already lets qualified builders launch their own perpetual venues on HyperCore.
A deployer that stakes the required HYPE can define assets, oracles, leverage, fees, and other parameters, then run the market and settle it.
Each such venue has its own order books and margin rules, while still using Hyperliquid’s shared matching and settlement stack. HIP-3* sits on top of that model.
It does not replace existing deployments or force every builder to lock down access.
The centerpiece is an on-chain allowlist.
The deployer, or a sub-deployer it authorizes, can add or remove wallet addresses that are allowed to trade on that venue.
Because the list lives on-chain, access rules are enforced at the market itself rather than through an off-chain gatekeeper.
Operators that do not need restrictions can ignore the feature and keep markets open to any wallet.HIP-3* also adds limited proxy actions on a permissioned venue.
Authorized parties can cancel a user’s resting orders, cancel all of that user’s orders and TWAPs on the same venue, place reduce-only orders on the user’s behalf, or move collateral between accounts on that venue.
Those powers can be granted one by one to sub-deployers.
They do not apply across other DEXs on the chain.
The design is framed as infrastructure, not a protocol-level KYC regime.
Hyperliquid presents itself as a neutral execution layer. Independent operators remain responsible for how they run their markets and for any eligibility rules they choose to impose.
An allowlist is a technical control, not a regulatory blessing.
A deployer might use it for institutional clients, jurisdiction-specific products, or other constrained audiences; another deployer can leave the same stack fully open.
A first version is already live on testnet. Specs there are still draft and may change after builder feedback.
Mainnet timing has not been locked. Existing HIP-3 markets are slated to keep working as they do today when the upgrade arrives.
The option matters because HIP-3 has already pulled a wide range of instruments onto one high-performance book: equities, commodities, indices, FX, and pre-IPO names among them.
Some of those products sit more comfortably behind eligibility checks. HIP-3* gives operators a way to meet those constraints without spinning up a separate chain or abandoning HyperCore’s speed and shared accounts.
In short, Hyperliquid is adding a switch, not flipping the whole network to permissioned mode.
Builders who want closed venues get on-chain tools. Builders who want open venues keep the original HIP-3 path. The protocol stays a shared settlement and matching layer; access policy stays with the party that deployed the market.
Bulk spustil mainnet beta a v první den zpracoval přes 22 mil. USD objemu, čímž překonal debuty Hyperliquid i Lighter. Start ale narušila dočasná cenová odchylka, která spustila likvidace a ADL.
After months of anticipation, Bulk, an emerging Solana perpetual futures trading venue, has finally opened the doors to its invite-only mainnet beta launch.
Much to the delight of over 15,000 pre-depositors, Bulk’s launch hit Solana’s perps race with a bang, reportedly netting over $22M in Day 1 trading volume and outpacing the giants who came before it.
However, despite palpable excitement, it wasn’t all smooth sailing for the venue. Concentrated, aggressive trading caused a temporary price dislocation, triggering large liquidations and ADL.
Bulk Records $22M in Day 1 Trading After first launching its testnet in March 2026, and amassing peak TVL of $40M in pre-deposits, Bulk is finally live in mainnet beta. An estimated 15,000 wallets are eligible for the invite-only soft launch, with access being periodically rolled out to other users over the coming weeks.
According to Bulk CEO Kobie McGlashan, Bulk processed over $22M in day one volume, surpassing the traffic witnessed by market leaders like Hyperliquid and Lighter on their respective debuts.
Comparatively, Bulk’s $22M launch would’ve placed it in fourth position in Solana’s perp DEX volume rankings, trailing GMTrade, Pacifica, and Jupiter. While an impressive start for the emerging venue, it’s important to note that some of Bulk’s volume may be driven by mercenary capital.
Bulk is expected to deliver one of Solana DeFi’s most anticipated future airdrops, prompting traders to generate volume on the platform in exchange for AURA, or points.
Debut Marred by Temporary Price Dislocation While Bulk’s maiden voyage attracted plenty of volume and demonstrated strong demand from traders, market data shows that some users took advantage of the venue’s Day One liquidity to force a price dislocation and trigger liquidations.
According to co-founder & CTO Junaid Peel’s public statement, one wallet traded aggressively through the venue’s Day One liquidity, rebuilding a large short position while undergoing partial liquidations.
The trader’s behaviour ultimately caused a market-wide price dislocation, triggering liquidations across several positions and causing cascading auto-deleveraging. Bulk has communicated that affected users will be reimbursed following incident review.
Despite the growing pains, McGlashan has asserted that targeted market manipulation practices are commonplace in the crypto industry. Challenges like what Bulk faced on Saturday are particularly common for new and emerging venues, and even established venues can fall victim to sophisticated attacks.
In March 2026, a malicious actor forced a self-liquidation by manipulating the price of $JELLYJELLY, effectively passing a toxic position to the HLP, causing several million in losses and threatening to liquidate the entire vault at certain price thresholds.
While unsettling in the short term, incidents like the above only help to make perpetual trading venues more resilient in the long term, enabling stronger and more efficient markets and safer trading for users.
Read More on SolanaFloor The memes are coming home
Solana Reclaims Memecoin Flows as Stonk.fun Flips Pump, Hyperliquid in Daily Revenue
Capital B SA dokončila navýšení kapitálu o 25,3 milionu EUR a z výnosu koupila 376 Bitcoinů za průměrných 67 287 EUR za kus. Firemní treasury tak přesáhla 1 800 BTC.
Capital B SA has completed a €25.3 million capital increase and used the proceeds to buy 376 Bitcoin, adding another European name to the corporate BTC treasury trend.
The company acquired the Bitcoin at an average price of €67,287 per coin, bringing its total treasury reserve to more than 1,800 BTC. That puts Capital B firmly into the category of public-market companies using Bitcoin as a central balance-sheet asset.
It is not MicroStrategy. It is not Metaplanet. And it should not be confused with either.
But the strategy is familiar: raise capital, buy Bitcoin, and make BTC a core part of the company’s identity.
For more details, visit the official Actusnews platform.
TL;DR Capital B SA raised €25.3 million. The company used the proceeds to acquire 376 BTC. Its corporate treasury now holds more than 1,800 BTC. Europe Gets Another Bitcoin Treasury Story The corporate Bitcoin treasury trade has spread well beyond the United States.
Companies in different markets have begun using BTC as a reserve asset, a capital-markets strategy, or a way to reposition themselves around digital assets. Capital B’s latest purchase shows that the model still has traction in Europe.
The numbers are clear.
A €25.3 million raise funded a 376 BTC acquisition at an average price of €67,287. That gives investors a concrete way to measure the company’s Bitcoin exposure rather than relying on vague treasury language.
Why The Purchase Matters Corporate Bitcoin purchases matter because they turn BTC into a balance-sheet strategy.
For some companies, Bitcoin is a reserve asset. For others, it is a market identity. In both cases, the strategy changes how investors value the company.
A business holding more than 1,800 BTC is no longer assessed only on its operating performance. Its equity may also trade partly as a Bitcoin proxy.
That can attract investors during bullish markets.
It can also add pressure when Bitcoin falls.
Capital Raises And Bitcoin Buying Go Together The funding route matters.
Capital B did not only disclose a Bitcoin purchase. It completed a capital increase and then deployed proceeds into BTC. That makes the transaction part of a capital markets strategy, not just a treasury reallocation from spare cash.
Investors will watch whether this model continues.
If companies can raise capital and buy Bitcoin at terms shareholders accept, treasury balances can grow quickly. But dilution, market conditions, and BTC price all affect whether the strategy remains attractive.
Do Not Flatten Every Treasury Company Into One Story It is tempting to compare every corporate Bitcoin buyer with the biggest names in the sector.
That can be useful, but it can also be lazy. Capital B has its own jurisdiction, shareholder base, reporting obligations, financing structure, and treasury size. It should be treated on its own terms.
The common thread is Bitcoin.
The differences are in execution.
That is where investors need to pay attention.
The Market Signal Capital B’s purchase is another sign that corporate Bitcoin accumulation remains active.
A 376 BTC purchase may not be huge compared with the largest treasury holders, but it is meaningful for a European company building a Bitcoin reserve. The total balance above 1,800 BTC gives the strategy weight.
The next question is whether Capital B continues raising and buying.
For now, the company has added fresh BTC to its balance sheet and given the European market another corporate treasury data point to track.
This article draws on Capital B SA’s September 7 regulatory release relating to its capital increase and Bitcoin acquisition.
This article was written by the News Desk and edited by Samuel Rae.
Singapurec Malone Lam, 22letý občan Singapuru, se přiznal v kauze krádeže více než 4 100 bitcoinů v hodnotě přes 240 milionů USD. Podvodníci se vydávali za Google a Gemini.
The oldest trick in the con artist’s handbook, updated for the crypto age: call someone pretending to be from a trusted institution, create enough panic, and walk away with their life savings. In this case, the life savings happened to be more than 4,100 Bitcoin, worth over $240 million at the time of the theft.
Malone Lam, a 22-year-old Singaporean national, is scheduled to appear in a U.S. federal court on September 9, 2026, to enter a guilty plea linked to one of the largest Bitcoin thefts ever prosecuted on American soil.
How the scheme worked Lam and his associates allegedly impersonated representatives from both Google and the Gemini crypto exchange, contacting a wealthy investor based in Washington, D.C.
The goal was straightforward, even if the execution was elaborate: convince the target that his accounts were compromised, then talk him into handing over security codes and access credentials. Once inside, the group transferred his Bitcoin holdings out of his control entirely.
The theft occurred in August 2024, though the broader criminal operation had been running since approximately October 2023. By the time authorities dismantled it, the group had been linked to thefts totaling more than $263 million across multiple incidents stretching through March 2025.
The FBI arrested Lam in September 2024 at a mansion in Miami, a detail that says everything about how the stolen funds were being spent. Prosecutors allege the group converted Bitcoin into cash and then burned through it: dozens of sports cars, private jets, and a single nightclub visit in Los Angeles that reportedly ran to over $569,000.
A landmark prosecution This case carries legal significance that extends well beyond the dollar amount. It marks the first time a Bitcoin-related prosecution has been brought under the Racketeer Influenced and Corrupt Organizations Act, better known as RICO, a statute historically associated with organized crime syndicates rather than crypto theft rings.
Eighteen people have been indicted in connection with the scheme. Ten have already pleaded guilty ahead of Lam’s scheduled hearing, suggesting prosecutors have built a durable case from the inside out. Lam himself faces a minimum sentencing guideline of 14 years in prison if the plea proceeds as expected.
The operation also had a physical dimension that investigators found notable. The group reportedly conducted home burglaries specifically to steal hardware wallets, the small USB-like devices that store crypto private keys offline.
What this means for crypto security Exchanges invest heavily in technical infrastructure, multi-factor authentication, and blockchain-level security. None of that matters if an attacker can simply call your customer and impersonate your support team.
Gemini’s brand was used as a prop in this scheme, though the exchange itself was not compromised at the infrastructure level.
For individual holders of significant crypto assets, the case reinforces several uncomfortable realities. Legitimate exchanges and platforms do not initiate unsolicited calls asking for security codes. Any unexpected contact claiming to be from a financial institution or exchange, requesting credentials or urgent account action, should be treated as a red flag regardless of how official it sounds.
Ten guilty pleas already secured, a lead defendant scheduled to follow, and a case that federal prosecutors are framing as organized crime rather than opportunistic fraud.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XRP Ledger is on the verge of activating one of its most significant upgrades to date.
The long-awaited Batch has now come close to reaching the network's required validator threshold.
An XRPL community member recently pointed out that roughly 68% of validators have now thrown their support behind the consequential amendment.
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It seems like it could potentially go live before the end of September.
"Batch will unlock a lot of new use cases for the XRP ecosystem," the user said.
XRPL validator Vet, who is active within the community, said that builders have been waiting for the functionality for a long time.
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"Almost there! XRP Ledger Builders have waited so long for it," Vet wrote, adding that the feature could make it easier for developers to charge directly for services rather than allowing users to "free ride."
However, activation is not yet guaranteed.
What the amendment actually does The amendment in question is technically called BatchV1_1. The original Batch amendment was disabled earlier this year after a critical bug was discovered.
BatchV1_1 was introduced in XRP Ledger software version 3.3.0, which was released on Aug. 6.
Support has to rise above the XRP Ledger's 80% threshold and remain there continuously for two weeks. Otherwise, the amendment will not be able to go live.
If support falls back below that level, the two-week countdown resets.
Hence, it is entirely possible that the amendment gets activated by the end of September, but it is not guaranteed.
Historically, developers have not been able to combine several separate XRPL transactions.
However, the amendment that is currently on the verge of passing will make it possible for developers to package as many as eight transactions together inside a single transaction.
XRPL developers will gain the ability to define how several separate on-ledger actions depend on one another. This will remove the necessity for developing complicated infrastructure for some apps.
XRP’s derivatives market just woke up from a long nap. Futures trading volume across major platforms exceeded $64.6 billion in August, the highest monthly total since February and a signal that traders are piling back into one of crypto’s most watched assets.
The volume spike arrived alongside a meaningful price move. XRP climbed nearly 30% during the month, running from $1.06 at the start of August to a high of $1.50 on August 24 before settling around $1.35.
Where the volume landed Binance was the clear heavyweight in this derivatives surge, accounting for roughly $37 billion in XRP futures volume. Bybit came in second at approximately $14.54 billion, while OKX rounded out the top three with about $12.88 billion.
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The futures activity wasn’t happening in isolation. Spot trading volume for XRP also reached its highest point since February, with Binance again leading at $7.28 billion. South Korean exchanges showed up in force as well: Upbit recorded $4.68 billion in spot volume, and Bithumb Korea added $2.59 billion.
ETF inflows add institutional flavor US spot XRP ETFs recorded net inflows of $18.96 million during August, pushing combined assets under management to $1.48 billion.
What’s driving the renewed interest Two catalysts appear to be fueling the surge in XRP market activity. First, whale accumulation patterns picked up notably during August, with large holders adding to their positions ahead of a critical vote scheduled for September 15. Second, the broader narrative around XRP has shifted, with ETF products now live and attracting capital.
Worth noting: the volume spike did not indicate a clear directional bias. While the price moved higher, the futures market showed activity on both sides. Long and short interest appeared elevated, which means traders weren’t unanimously bullish.
For context, the last time XRP futures volume hit comparable levels was February, when the token was trading in a similar range.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XRP Ledger saw a notable combination of growth and contraction in the second quarter of 2026, according to Evernorth’s State of the Ledger report released on September 2. While average daily trading volume on the decentralized exchange (DEX) surged 79% year over year to reach 3.57 million XRP, the number of accounts trading on the order book each day declined by approximately 40%, falling from 1,864 to 1,111.
Trading concentration rises while user numbers fallThis change meant that the average trading account on the order book now handled about 3,217 XRP every day, an increase from 1,072 XRP a year earlier. Fewer accounts are making much larger trades, suggesting growing concentration among active participants. The report noted that account numbers alone do not uncover whether individuals or institutions control these addresses, and multiple addresses may be operated by a single entity.
Order book activity became even more dominant within the DEX ecosystem, accounting for 81% of all exchange volume in the quarter, compared with 54% a year prior. Automated market maker pools made up the rest. In total, daily DEX volume averaged 4.42 million XRP, marking a 20% increase compared to the previous year, though slipping 16% versus the first quarter of 2026.
While shifts in the balance between order books and automated market makers mark a significant change in infrastructure, Evernorth cautioned that these trends do not directly prove a replacement of retail users by institutional traders.
Tokenized assets surge amid changing market dynamicsThe report also highlighted robust growth in tokenized asset value on the XRP Ledger. The average value of tokenized assets reached $3.72 billion in the second quarter. Ripple’s RLUSD stablecoin saw its daily average balance jump to $539 million, up 642% from $73 million a year earlier. The on-ledger share of all RLUSD increased from 20% to 34%, following Wormhole integration support, while RLUSD value moved on-chain expanded by 925% over the same timeframe.
The combined average value held on the network, including tokenized real-world assets and stablecoins, reached $4.26 billion—an extraordinary climb from $99 million just six quarters earlier. The expansion underscores the increasing accumulation of tokenized value, even as speculation remains part of the network’s perception.
The figures show higher volume per active trading account alongside lower participation measures. The report does not identify individual traders, and the results should not be read as proof that institutions have replaced retail participants.
As asset digitization gains momentum, traditional markets are also seeing a shift. Wall Street firms are moving towards Web3 models, and investors can now use platforms such as 1stepSwap to hold shares of major U.S. companies, gold, and silver directly in crypto wallets. This trend leverages the tokenization of real-world assets and uses automated pricing engines to remove intermediaries, aiming to streamline access and pricing for investors.
Retail activity slows despite infrastructure advancesWhile tokenized value and trading volumes have soared, several retail-facing metrics moved lower in the second quarter. The average number of daily transacting accounts stood at 16,587, and new account creation averaged 2,783 per day—both representing declines of about 25% from the previous year.
Payments and NFT minting activity also dropped during the period, reflecting a broader sector slowdown. Evernorth pointed out that aggregate on-chain exchange volume across the industry was down 46%, and protocol fees on the seven largest programmable blockchains fell 38% compared with the prior year.
Even with these lower participation numbers, more value is being processed by each remaining active account, indicating a dual trend of fewer users handling larger amounts.
Questions on institutional involvement and market structureThe report left unanswered questions about the source of increased concentrations, such as whether the growth is driven by institutional players or the use of permissioned infrastructure, which restricts access to approved participants. Evernorth did not specify what proportion of trading took place in these controlled environments.
Infrastructure development continued regardless of the overall market slowdown. Separate coverage discussed Ripple’s XRPL lending proposal, aiming to expand the network’s toolkit for financing tokenized assets.
Disclosure and contextEvernorth acknowledged its own financial exposure to XRP through its treasury activities. The company emphasized that while on-chain balances have grown, these metrics do not guarantee future increases in the price or adoption of XRP. Reports produced by organizations with vested interests should be evaluated accordingly.
Whatever one thinks of XRP as a speculative asset, the infrastructure built around the ledger is accumulating balance-sheet-style value at a pace that is difficult to dismiss.
Ethereum exchange-traded funds (ETFs) recorded significant net inflows of 10,330 ETH on September 4, 2026, according to data from SoSoValue. This influx follows a volatile week in the crypto market, signaling renewed institutional interest in Ethereum-based products and helping to stabilize U.S.-listed ETF holdings after a period of outflows.
BlackRock dominates Ethereum ETF activityBlackRock’s Ethereum ETF, under the ticker ETHA, outperformed all other funds by adding 29,600 ETH in net inflows. The product specifically saw 23,060 ETH added on the day, securing BlackRock’s strong foothold in the expanding Ethereum ETF sector. Other prominent issuers also reported increased demand, but BlackRock’s numbers positioned it as a clear leader among institutional investors.
Bitwise’s ETHB followed, registering a net inflow of 6,540 ETH. The positive inflow across various funds suggests that interest is not limited to a single product, but rather points to broader confidence in Ethereum-based investment vehicles. Fidelity’s FETH, by contrast, saw outflows totaling 19,270 ETH, possibly reflecting a preference shift among investors rather than a retreat from Ethereum ETFs as a whole.
Ethereum ETFs in the U.S. recorded a total net inflow of 10,330 ETH, led by BlackRock with 29,600 ETH, while Bitwise attracted 6,540 ETH and Fidelity saw withdrawals of 19,270 ETH, according to SoSoValue data.
ETF flows and institutional sentimentInstitutional sentiment towards Ethereum is often gauged by monitoring ETF flow patterns. Elevated inflows can enhance liquidity, reinforce spot market depth, and affect the underlying staking dynamics for Ethereum. These ETF investments influence exchanges, market-makers, and custodians tasked with managing fund creation and redemption mechanisms.
Analysts are closely watching whether this influx momentum will persist, especially as new macroeconomic data including upcoming CPI releases may impact capital allocation strategies. Additional factors such as expanded ETH ETF options markets and the rollout of Ethereum’s Dencun upgrade, which is expected to drive staking adoption, will likely play a role in shaping institutional participation.
In an environment where the impact of a single Federal Reserve decision or the sudden listing of a new altcoin can immediately upend market conditions, many traders are rethinking their toolkit. Using multiple apps for charting, news, and portfolio monitoring often results in reduced efficiency. Now, a growing number of privacy-focused investors are turning to platforms like CryptoAppsy, which offer real-time charts, price alerts, coin-specific updates, and macroeconomic data in a unified interface, even without requiring an account.
Macroeconomic backdrop and regulatory uncertaintyThe current uptick in fund flows occurs against a backdrop of macroeconomic uncertainty and regulatory ambiguity surrounding staking use in ETFs. No final clarification has come from the Securities and Exchange Commission, but the ongoing institutional adoption of crypto-backed investment products continues to bolster both Ethereum and Bitcoin.
If Ethereum ETFs continue to attract increased institutional capital, and market instruments such as ETH options see wider use, some observers anticipate a further acceleration of Ethereum adoption in the coming quarters following ongoing network upgrades.
ETF flows are shaping Ethereum’s market liquidity and influencing the role of major funds and custodians, especially as regulatory signals and product innovations continue to evolve.
Ripple na XRPL spálil 1 363 614,85 RLUSD a stejný objem o pár sekund později vyrazil na Ethereum. Jde o přesun likvidity mezi sítěmi, ne o nové vydání.
TLDR Ripple burned 1,363,614.85 RLUSD on the XRP Ledger on September 6. The same 1,363,614.85 RLUSD was minted on Ethereum only seconds later. The matched transactions point to a cross-chain supply rebalancing rather than new RLUSD issuance. About $1.36 million in RLUSD liquidity effectively shifted from XRPL to Ethereum. The Ethereum-minted RLUSD was later transferred to an external wallet. Ripple RLUSD supply shifted between the XRP Ledger and Ethereum after a matched burn and mint on September 6. Onchain data showed 1,363,614.85 RLUSD removed from circulation on XRPL before the same amount appeared on Ethereum seconds later.
The sequence points to a cross-chain supply transfer rather than new token creation. The paired transactions kept the total amount unchanged while moving roughly $1.36 million in RLUSD liquidity from one blockchain to another.
Ripple RLUSD Supply Shifts Across Networks The XRPL transaction sent 1,363,614.85 RLUSD back to an address where the tokens could no longer circulate. The transaction appeared connected to the stablecoin issuer and reduced the amount available on the XRP Ledger.
👀 RLUSD Cross-Chain Movement Spotted
1,363,614.85 RLUSD $1.36M) burned on the XRP Ledger tokens returned to issuer, permanently removed from XRPL circulation.
The exact same amount was minted on Ethereum minutes later and transferred to an external wallet.
This looks like a… https://t.co/6rCFI1FElF pic.twitter.com/sK72yr7qxR
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 7, 2026
Ethereum then recorded a mint for exactly 1,363,614.85 RLUSD. The timing and matching amount suggest that Ripple moved existing supply across networks instead of increasing the stablecoin’s overall circulation.
After the Ethereum mint, the newly issued tokens moved to an external wallet. That transfer added another step to the cross-chain movement and placed the RLUSD outside the issuing address.
The activity differs from a standard mint that adds fresh supply to a network. In this case, the XRPL burn happened before Ethereum received the same number of tokens, keeping the combined supply level broadly unchanged.
Liquidity Moves Toward Ethereum The transaction shifted about $1.36 million worth of Ripple RLUSD from the XRP Ledger to Ethereum. The movement changed the location of stablecoin liquidity without creating an equal rise in total supply.
Ripple supports RLUSD on both the XRP Ledger and Ethereum. Moving supply between the networks can help place tokens where users, exchanges, payment firms, or trading venues need more available liquidity.
Such rebalancing can place more tokens on the network where current market activity creates stronger liquidity needs.
The September 6 transactions also show how an issuer can manage a stablecoin across multiple blockchains. Burning tokens on one network and minting the same amount on another can move supply without relying on a direct token bridge.
For RLUSD users, the recorded transactions mainly changed the blockchain holding the tokens. Onchain records showed a reduction on XRPL and a matching increase on Ethereum, leaving the transferred amount balanced overall across the two networks.
Cardano směřuje k Dijkstra upgradu: první fáze má na Mainnet dorazit do konce roku 2026, druhá (Peras) ve 2. čtvrtletí 2027. Intersect očekává po vydání node 11.2 veřejný DijkstraNet pro testování a čtyři hlavní node releasy v nejbližších měsících.
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Cardano is entering a potentially important stretch of development, with the Dijkstra era moving toward key milestones in the months ahead.
The initial Dijkstra rollout is planned in two phases, introducing Linear Leios with Nested Transactions and Peras, respectively. The current objective is to deliver Phase 1 (Nested Transactions and Linear Leios) to Mainnet by the end of 2026, providing an incremental rollout of key Dijkstra capabilities, with Phase 2 (Peras) to be activated in an intra-era hard fork in Q2 2027.
According to Intersect, work toward the Dijkstra era hard fork continues to advance across node development, ecosystem readiness, and downstream tooling. In a recent report, Intersect highlighted what to keep an eye on in the months ahead.
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What does Dijkstra ask of you now?
Good news, there is time to find out and prepare
properly.
Weekly Update #127: inc the node roadmap, what SPOs, developers and DReps can do now, and more...https://t.co/quIAO5zMU0
— Intersect (@IntersectMBO) September 7, 2026 Upcoming Haskell node releases will unlock early Dijkstra functionality for testing, with four major node releases anticipated over the coming months.
Anticipated timelinesCardano-node-11.1.1 is expected early, by September 7, for Mainnet usage. This node release removes the legacy tracing system and fixes known Genesis issues.
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Expected in less than a month, Cardano-node-11.2 will contain the Dijkstra feature set, ready for testing, but will not be the hard fork release candidate.
This node release will not contain the Leios elements, as these are largely limited to consensus and block production, but this should not impact testing and development against all other Dijkstra features.
Cardano-node-11.3 is targeted as the hard fork release candidate, capable of crossing the hard fork and containing all Dijkstra functionality, including Leios, and is anticipated in the next one to two months.
Cardano-node-12.0, according to its naming convention, will be the definitive hard fork node release, with its launch timeline not yet determined.
In order to begin testing and development of the Dijkstra feature set, including Plutus V4, Nested Transactions, and CIP-50 (Cardano Improvement Proposals), there will be a publicly available "DijkstraNet," following the release of node 11.2.
DijkstraNet will run in parallel to MusashiNet, which will continue to test and evaluate Leios development alongside the Dijkstra feature set being implemented on DijkstraNet.
Dates for two planned node diversity workshops are given as Singapore (TOKEN2049), October 6, and London, November 13–14.
Governance participants can monitor planned Dijkstra-related constitutional amendments to be publicly proposed. Following a recalibration of the technical delivery plan, the current moderate confidence window places potential Dijkstra hard fork enactment between December 5, 2026 and January 4, 2027 while the high confidence window runs from February 24, 2027 to March 26, 2027.
Stellar v neděli zpracoval více než 11,6 milionu transakcí za jediný den, což bylo nejvyšší denní tempo v týdnu. Ukazuje to na silnou poptávku po jeho platební infrastruktuře.
Stellar Hits Weekly Transaction Peak on a Sunday@StellarOrg processed over 11.6 million transactions in a single day, marking the network's highest daily activity level of the current week. According to data from Chainspect, the surge occurred on a Sunday, a day typically associated with reduced liquidity and lighter volumes across traditional financial markets.
The timing is notable. Weekend lulls are a well-established feature of legacy finance, where settlement systems and institutional desks operate on compressed schedules. That Stellar's busiest day of the week fell on a Sunday points to a different kind of demand: one driven by cross-border payment flows and automated settlement cycles that do not observe a Monday-to-Friday calendar.
Broader Momentum Behind the Numbers Stellar averaged approximately 4.9 million daily transactions in Q2 2026, with a range spanning from 2.6 million to 7.1 million, consistent with its positioning as a high-volume, low-cost payments rail. The 11.6 million figure therefore represents a significant spike above that quarterly baseline.
The variance in daily transaction counts likely reflects periodic batch processing by institutional users, stablecoin settlement cycles, and the natural rhythm of cross-border payment flows across different time zones.
Stellar's average fees remain a fraction of a cent, and settlement times stay near instant even as volume rises. That combination is rare in blockchain networks, where higher usage often means higher costs or slower confirmations.
The transaction spike also sits against a backdrop of broader network growth. In Q2 2026, Stellar's network doubled its tokenized real-world assets to $3.05 billion, growing four times faster than the market average. Stablecoin transfers reached a record $11.4 billion, highlighting strong institutional adoption.
Taken together, the data suggests Stellar's payment rails are seeing real, recurring demand rather than speculative noise. For a network built around cross-border settlement, a record transaction day on the quietest day of the traditional financial week is a meaningful signal.
Sources:
Nansen: Stellar Q2 2026 Report
Chainspect: Stellar Network Data
Messari: State of Stellar Q1 2026
Stellar drží vedení v tokenizovaném státním dluhu mimo USA s asi 490 miliony USD, více než jakýkoli jiný blockchain. Na širším trhu RWA ale dál vede Ethereum.
Stellar (XLM) is trading at $0.1922, up 4.4% over 24 hours, as the network holds its lead in tokenized non-US sovereign debt, a position it has maintained since February. According to data from RWA.xyz as of August 20, Stellar holds roughly $490 million in tokenized sovereign debt issued outside the US, more than any other blockchain.
Ethereum still leads in tokenized US Treasuries and in total real-world asset value across the market, which continues growing on every major chain. Stellar’s lead is confined to sovereign debt issued outside the US and denominated in currencies other than the dollar, a smaller category today but one tied to a much larger share of the world’s governments and businesses that don’t operate primarily in dollars.
Rapid Growth Over 18 Months
Real-world assets on Stellar, excluding stablecoins, have grown from roughly $500 million in early 2025 to $854.6 million by the end of last year, crossing $1 billion in January 2026, reaching $1.52 billion by the end of Q1 (a 91% quarterly jump), passing $2 billion in April, and topping $3 billion in June.
That’s roughly a threefold increase over the past year. Stellar now accounts for about 9% of all distributed RWA value across blockchains, placing it among the top four networks alongside Ethereum, BNB Chain and Solana, and the only one among them outside the Ethereum Virtual Machine ecosystem.
What’s Actually on the Network
The sovereign debt total is built from a range of live products. Etherfuse’s Stablebonds bring Mexican CETES and Brazilian Tesouro bonds onto Stellar. Spiko’s euro-denominated T-bill fund grew from roughly $520 million to $970 million over the past year, with most of that growth occurring on Stellar specifically. South Korean Treasury Bonds and a digital sovereign bond from the Marshall Islands round out a list of issuers spanning five continents.
Beyond sovereign debt, Franklin Templeton’s BENJI fund, the first US-registered mutual fund to use a public blockchain as its official system of record, also runs on Stellar. Ondo’s USDY and WisdomTree’s WTGXX are live on the network as well. USDC’s market cap on Stellar grew about 15% quarter-over-quarter to more than $256 million in Q1 2026, and euro-denominated stablecoins have expanded.
Transaction activity backs up the balance sheet numbers. Stablecoin payment volume on Stellar reached $5.5 billion in Q1 2026, up 72% year-over-year, with transaction velocity up 75% over the same period. Institutional participation has broadened alongside the technical case, with U.S. Bank, Amundi, Société Générale, AllUnity, Malaysia’s Kenanga, and Singapore’s Marketnode, backed by SGX and Temasek, all engaging with the network.
Story Ends Here
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Chainlink‘s LINK token rallied more than 8% in the past 24 hours to reach $13.26, building on a week-long surge that has seen its price climb approximately 18%. The latest advance came as LINK broke decisively above the $12 resistance, a range that has capped price action throughout recent sessions.
Key partnerships and institutional adoptionThis momentum follows Chainlink’s new partnership with Bottomline, a payments technology firm that works with over 600 banks and processes upwards of $16 trillion in payments annually. Through this collaboration, Chainlink plans to connect its infrastructure, including the Cross-Chain Interoperability Protocol (CCIP), to established banking payment systems. The goal is to enhance both cross-border and cross-chain transactions across the sector.
The announcement spurred LINK to break above the $12 threshold. After buyers pushed the price further, LINK surpassed $13 for the first time in several weeks on September 7. This breakout from the $12–$12.20 region, which had repeatedly limited gains, marked a significant shift in market sentiment.
Additional institutional engagement came as Circle recently launched cirBTC, a wrapped Bitcoin product. According to Circle, cirBTC employs Chainlink’s Proof of Reserve mechanism to provide onchain verification of the Bitcoin reserves backing the token.
In the US, the Wyoming Stable Token Commission selected Chainlink Proof of Reserve as its near real-time verification tool for the state’s Frontier Stable Token. Previously, Wyoming had chosen Chainlink’s Cross-Chain Interoperability Protocol as the exclusive cross-chain infrastructure for this stablecoin project.
Mini dictionary: Bottomline is a US-based payments technology provider serving financial institutions worldwide. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is a standard for enabling secure data and token transfers across different blockchains.
Chainlink has also collaborated with the US Department of Commerce to bring official economic data onchain. This integration with the Bureau of Economic Analysis allows key indicators, such as real GDP and the Personal Consumption Expenditures price index, to be accessible across supported blockchain platforms.
LINK price analysis: Technical breakout and momentumOn the technical side, LINK climbed above the $12–$12.20 resistance zone after spending much of August below this range. The token touched an intraday high near $13.66, and the latest daily candle suggests that a continued move towards $14 is likely if LINK holds above its breakout level.
IndicatorValueCurrent Price$13.26Resistance Broken$12–$12.2030-Day Gain62%20-day EMA$11.4650-day EMA$10.28100-day EMA$9.62200-day EMA$9.92All four exponential moving averages currently sit below LINK’s market price. The 20-day EMA has separated sharply from the 50-day EMA, highlighting the acceleration seen since last month. LINK also moved above the 200-day EMA after spending several months trading below this key indicator.
Clearing the $12 to $12.20 zone marked a crucial breakout for LINK, with buyers maintaining momentum as price surged past $13. Consistent accumulation and increased trading volumes provide additional confirmation that this move is backed by sustained demand in the market.
On the downside, a failure to maintain current levels could bring the $12–$12.20 area back into focus. Should this support collapse, the 20-day EMA around $11.46 would be the next target for buyers to defend. Parabolic SAR readings on the daily chart remain below the current price, supporting continuation of the prevailing uptrend, while a reversal would suggest waning momentum.
Shorter-term indicators also reflect growing momentum. The TRIX oscillator climbed to 23.31 after rebounding from negative territory. Accumulation/Distribution reached about 138.1 million, up from 125 million since July. This fresh jump was matched by a notable increase in trading volume after LINK crossed $13, indicating strong buying interest rather than fading accumulation.
If LINK achieves a sustained break above $13.68, the next probable resistance stands at $14. A move beyond that level could open the path toward the $15–$15.50 range, which previously acted as a trading zone in late 2025. However, dropping below $12 would threaten the current bullish structure, placing additional focus on lower moving averages for potential support.
LINK vzrostl v poslední seanci asi o 7,1 % na 13,07 USD po průrazu nad 12 USD. Analytik Investor Jordan vidí při potvrzeném průrazu další cíl na 15 USD a pak 20 USD.
TLDR A wallet sent 620,420 LINK (about $7.6 million) to Coinbase on September 7, part of $26 million moved over three weeks. LINK traded near $13.07, up roughly 7.1% in the latest session, after recovering from summer lows near $7-$8. Analyst Investor Jordan says a break above $12 could push LINK toward $15, with $20 as a further target. Trading volume rose 25% to $503.9 million and open interest climbed 8.26% to $696.89 million. Wyoming’s FRNT stablecoin adopted Chainlink Proof of Reserve, becoming the first US public stablecoin to report reserves on-chain. A large Chainlink holder sent another batch of tokens to Coinbase this week. The wallet transferred 620,420 LINK, worth close to $7.6 million, on September 7.
Blockchain analytics account Onchain Lens tracked the move. The same address has now sent 2.41 million LINK, valued near $26.04 million, to Coinbase over three weeks.
The wallet built its position through earlier Binance withdrawals. It then began routing tokens to Coinbase instead of holding them.
Exchange deposits often come before sales, but that isn’t confirmed here. Blockchain records show the transfer, not what the owner plans to do with it.
LINK traded at $13.07 on September 7, up about 7.1% for the session. Its price ranged between $12.12 and $13.32 during the day.
Chainlink Price on CoinGecko Price and Technical Signals The token’s MACD line sat at 0.7841, above its signal line near 0.7069. That points to continued upward momentum on the daily chart.
The relative strength index read 72.47, above the 70 mark often used to flag overbought conditions. LINK also traded above its 20-day moving average of $11.39, according to TradingView data.
Bollinger Bands widened as price broke out of a $7.20 to $8.50 consolidation range. Resistance now sits near $12.59.
Analyst Outlook and Network Adoption Crypto analyst Investor Jordan posted on X that LINK is approaching a resistance zone near $12. He said a confirmed break above that level could send the price toward $15, with $20 as a further target if buying pressure holds through the fourth quarter.
Trading volume climbed 25.02% to $503.90 million in 24 hours. Open interest rose 8.26% to $696.89 million, showing more derivatives traders taking positions.
Wyoming’s FRNT stablecoin adopted Chainlink Proof of Reserve this week. It becomes the first stablecoin from a US public entity to publish reserve data on-chain through Chainlink.
Chainlink’s Cross-Chain Interoperability Protocol processed $4.9 billion in volume during the second quarter. That figure rose 353% from a year earlier, per Standard Chartered.
Aave adopted CCIP as its default cross-chain infrastructure this year. BitGo also chose CCIP as the exclusive cross-chain provider for Wrapped Bitcoin, moving a $7.3 billion ecosystem.
More than 50 banks joined a Chainlink-linked stablecoin settlement test using Swift and ISO 20022 messaging. Bottomline Technologies separately partnered with Chainlink to link payment tools across 600 banks.
LINK’s rally from June and July lows near $7-$8 remains intact as of September 7. The $12 to $13 zone stands as the level traders are watching next.
Arcadia nasadila svou vrstvu automatizované správy likvidity na Robinhood Chain a využívá Chainlink pro cenová data u tokenizovaných reálných aktiv. Integrace přidává koncentrované likviditní trezory, automatické vyvažování a cross-chain kolaterál.
@ArcadiaFi has officially deployed its automated liquidity management layer on @RobinhoodCrypto Chain, bringing professional-grade concentrated liquidity tools to one of the most closely watched Layer 2 networks in DeFi.
What Arcadia Brings to Robinhood Chain The platform gives users access to concentrated liquidity vaults with institutional-level execution, designed to lower the technical barrier for managing on-chain positions. Key features include a "zap-in" entry mechanism for single-click liquidity deployment, auto-rebalancing triggers that adjust positions as market conditions shift, and leveraged yield streaming across major decentralized exchanges on the network.
The integration leans on @Chainlink price feeds to secure the valuation of tokenized real-world assets (RWAs) and cross-chain collateral. This is a notable fit for Robinhood Chain, which Robinhood describes as permissionless, AI-native, and purpose-built for real-world assets. Chainlink is among the chain's core infrastructure partners, alongside Alchemy and BitGo.
Why Chainlink Oracles Matter for RWA Platforms Securing accurate, tamper-resistant price data is a foundational requirement for any protocol handling tokenized assets. Chainlink supplies oracle infrastructure across three products on Robinhood Chain: CCIP for cross-chain messaging, Data Streams for low-latency market data, and Data Feeds for standard price oracles. For a liquidity layer like Arcadia's, which deals with cross-chain collateral and leveraged positions, that infrastructure carries real weight.
Chainlink's Data Feeds are live on Robinhood's EVM, with price data being used in trading, lending, liquidations, and tokenized securities. Reliable price information is particularly important for on-chain derivatives and tokenized assets that rely on settlement of underlying instruments.
The broader context matters here too. Robinhood described the chain as permissionless, AI-native, and purpose-built for real-world assets. Stock Tokens are available through the Robinhood Wallet in more than 120 countries, with more than 200 US stocks and ETFs offered as tokens. These tokens give economic exposure to the underlying shares, including dividend support, and can be traded around the clock. Arcadia's liquidity layer slots directly into this environment, offering a more sophisticated toolset for users who want active yield on their on-chain holdings.
For $LINK, the Arcadia deployment adds another live production use case to a growing list. RWA tokenization turns traditional assets into blockchain-based instruments, and Chainlink supplies the data, reserve checks, and messaging layer they need.
Sources:
Robinhood: Robinhood Chain Mainnet Launch Announcement
Chainlink: Live RWA Prices and Tokenized Asset Infrastructure
The Block: Robinhood Chain Goes Live on Mainnet
Chainlink oznámil partnerství s Bottomline, třetím největším poskytovatelem služeb SWIFT, které propojí více než 600 bankovních klientů s vypořádáním na blockchainu. LINK po zprávě vystřelil na 13,64 USD, nejvýše od 18. ledna.
In brief Bottomline, a top-three SWIFT services provider that processes more than $16 trillion in payments annually, announced a deal with Chainlink to connect its 600-plus bank customers to blockchain settlement. LINK touched $13.64 on September 7, its highest price since January 18, and outpaced every other top-10 cryptocurrency by market cap over the past 24 hours while Bitcoin stayed capped below $80,000. Chainlink's CCIP will move tokenized value across blockchains and its CRE will orchestrate the payment workflow, letting banks keep sending standard messages instead of building new infrastructure. Bitcoin is back under $80,000 today, down about 1%, after a stellar August rally brought investors gains of over 20% in the last 30 days.
But as trading action on the crypto majors cools, there’s at least one altcoin climbing up the charts: the native token of the decentralized oracle network Chainlink, up a whopping 6.8% in the last 24 hours. Can it keep crypto’s hot summer going a little longer?
Myriad: Bitcoin next price move? Click to make your prediction.Bitcoin got rejected from $82,000 twice over the past two weeks and opened this one pinned below $80,000, still under the 50-week moving average near $81,000 it lost back in May.
The coin is also in a compression zone after a major spike in late August. Analysts are debating between the possibility of a trend reversal that would keep pushing prices up, and a so-called Bart Simpson pattern that would tank prices back down close to $65,000 in a few days.
Bitcoin price data. Image: TradingviewIn terms of fundamentals, traders are watching two catalysts this month: fresh inflation data and the Federal Reserve's September 16 rate decision, after Friday's stronger-than-expected August jobs report raised the odds of a hike.
Chainlink, meanwhile, had a different week entirely.
Chainlink, which trades as LINK, climbed to $13.64 Monday, its highest level since January 18. That's a roughly 6.8% gain in 24 hours, the best showing among the 10 largest cryptocurrencies by market cap—while most of the group traded flat to lower. In the derivatives market, open interest on LINK contracts also hit an 11-month high of $784 million.
Chainlink price data. Image: TradingviewThe rally may trace back to a deal Chainlink announced last week with Bottomline, a top-three SWIFT services provider that handles payments automation and treasury management for more than 600 banks.
Per Chainlink's announcement, Bottomline will connect its existing systems to public and private blockchains through Chainlink's infrastructure. Bottomline also serves roughly 1,200 financial institutions and 10,000 businesses worldwide.
Two existing Chainlink products do the work. Cross-Chain Interoperability Protocol, or CCIP, has been live since July 2023 and now spans more than 60 blockchains, handling the movement of tokenized value between them. Chainlink Runtime Environment, or CRE, coordinates what the company calls "payment workflows end-to-end," handling routing and confirmations along the way.
Banks keep sending the same ISO 20022 messages they already use, the global standard for cross-border payment instructions that reached 97% adoption since a November 2025 switchover. Chainlink sits underneath as the connector rather than a replacement. Neither company has disclosed a go-live date or named a pilot bank.
Not Chainlink's first brush with SWIFTSWIFT itself has tested Chainlink before. In 2023, SWIFT ran interoperability experiments with Chainlink and more than 10 institutions, including Citi and BNY Mellon, moving tokenized assets onto Ethereum's Sepolia testnet.
Standard Chartered listed SWIFT among the institutions already using Chainlink services last month when the bank set a $200 price target for LINK by 2030, citing Chainlink's $110 billion in secured value.
What’s more, in late August, the financial services giant Charles Schwab announced plans to expand its retail crypto trading offering beyond just Bitcoin and Ethereum. The brokerage only chose three more assets to list on its trading platform: Solana, Avalanche, and Chainlink.
The combination of bullish news may be a big part of the reason why Chainlink is currently outperforming just about every other coin in the top 20 by market cap, other than Zcash: LINK is currently up 57% in the last 30 days.
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Circle během 24 hodin na Solaně mintoval USDC za 3 miliardy USD, jeden z největších jednodenních mintů na této síti. V srpnu 2026 na Solaně proběhlo zhruba 11 miliard USD hrubých mintů USDC.
Circle just printed $3 billion worth of USDC on the Solana blockchain in a single 24-hour window.
The mint is one of the largest single-day USDC issuances on Solana to date, but it’s far from an isolated event. It fits neatly into a pattern that’s been building throughout 2026, one that tells a clear story about where institutional capital wants to park its stablecoin liquidity.
Solana’s stablecoin surge by the numbers This $3 billion mint didn’t materialize out of thin air. Circle has been systematically ramping up USDC issuance on Solana all year, often in $250 million tranches that on-chain tracking services like Whale Alert and Lookonchain have documented in real time.
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In August 2026 alone, approximately $11 billion in gross USDC mints occurred on Solana. By late August, the total USDC circulating supply on Solana crossed the $8 billion mark, representing more than 10% of the global USDC supply for the first time.
Circle minted $500 million on June 8 across two $250 million tranches. Mid-June saw a $1 billion single-day mint. On June 29, a $910 million issuance on Solana was paired with a $250 million burn on Ethereum. By mid-July, gross issuance on Solana had reached somewhere between $64 billion and $68 billion. Early September brought another $1.25 billion minted over just three days.
The institutional pipeline BNY Mellon expanded its collaboration with Circle in June 2026 to facilitate institutional minting and custody of USDC directly on Solana. The partnership lowers friction for large institutions that want exposure to Solana’s DeFi ecosystem without navigating the technical complexity of bridging from Ethereum.
It’s worth noting that gross issuance figures don’t equal net supply growth. Redemptions and burns happen constantly, which is why the circulating supply on Solana sits at $8 billion-plus rather than the tens of billions suggested by cumulative mint totals.
What the Ethereum-to-Solana shift means The June 29 event, where Circle minted $910 million on Solana while simultaneously burning $250 million on Ethereum, is perhaps the most telling data point of the year. Ethereum still holds the lion’s share of USDC supply, but Solana is gaining ground. Solana offers lower transaction fees and faster finality, which matters enormously when you’re settling hundreds of millions of dollars in stablecoin transactions daily.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ZEC vystoupal nad 1 200 USD a otevřený short na Hyperliquid tak drží nerealizovanou ztrátu 25,7 milionu USD. Wallet shortoval 32 760 ZEC za průměrných asi 444 USD.
TLDR ZEC climbed above $1,200, leaving a tracked Hyperliquid short position with $25.7 million in unrealized losses. The wallet opened a 32,760 ZEC short at an average entry price near $444 back in July 2026. Analyst Ember links the address to Garrett Jin, though this attribution is not independently confirmed. The same wallet holds a $107 million Bitcoin long showing $4.42 million in unrealized profit. Funding fees of roughly $2.05 million have cut into the Bitcoin position’s effective return. A large trader on Hyperliquid is sitting on an estimated $25.7 million paper loss after Zcash’s price pushed past $1,200. The figure comes from a Sept. 7 assessment by on-chain analyst Ember.
The wallet in question shorted 32,760 ZEC. It entered the position in early July 2026 at an average price near $444.
Since then, ZEC has risen from around $400 to over $1,200. That move represents an increase of roughly 170% over about two months.
At $1,200, the gap between entry price and market price would produce a loss near $24.8 million before fees. Ember’s $25.7 million figure suggests ZEC was trading closer to $1,228 when the snapshot was taken.
Zcash Price on CoinGecko The Bitcoin position tells a different story The same address also holds a Bitcoin long worth about $107 million. That trade shows an unrealized gain of $4.42 million.
The wallet has paid around $2.05 million in funding fees on the Bitcoin trade. That cost reduces the position’s effective profit once accounted for.
Even combined, the Bitcoin gain does not offset the ZEC short’s loss. The two positions together remain deeply negative at the reported snapshot.
This does not reflect the wallet’s full trading history. Other closed trades, deposits or withdrawals are not included in the calculation.
Ember attributes the wallet to a “Garrett Jin whale entity.” No signed message, filing or public statement from Jin confirms this connection, so it remains the analyst’s assessment rather than a verified fact.
What has driven the ZEC rally Zcash’s advance followed rising institutional interest in the asset. Grayscale converted its Zcash Trust into the ZCSH exchange-traded fund, which began trading on NYSE Arca on Aug. 25.
Grayscale charges the fund a 2.5% annual sponsor fee. ZEC traded near $855 shortly after the launch, with exchange volume topping $1.2 billion in one 24-hour period.
The price later pushed through $1,000, adding pressure on remaining short positions. Zcash has since moved into the ranks of the market’s largest assets by capitalization.
Spot buying, derivatives positioning and short covering may all have played a role in the rally. No single factor has been confirmed as the sole cause.
The wallet’s short position remains open. Its exact liquidation price was not available from Ember’s post, and no liquidation had occurred at the time of publication.
If ZEC keeps rising, the loss and required margin could grow further. A price pullback would reduce the paper loss and could return part of the position to profit.
Traders are watching the wallet’s collateral levels, ZCSH fund flows and ZEC derivatives open interest for signs of what happens next.
Zcash ETF od Grayscale přilákal do 4. září čistý příliv 34,4 milionu USD, zatímco ZEC vzrostl nad 1 000 USD. Zájem podpořil i růst hash rate nad 30 GSol/s.
While the broader cryptocurrency market has shown signs of recovery this month, privacy-focused coins have staged a distinct rally, setting themselves apart from Bitcoin and most major tokens. Bitcoin remains approximately 36% below its October high, failing to reclaim previous peak levels seen by much of the market last year.
Zcash sees robust inflows and institutional interestA significant share of the latest surge in privacy coins is attributed to Zcash, a cryptocurrency that emphasizes user privacy and zero-knowledge cryptography. New institutional products have amplified the move: Grayscale’s Zcash ETF, which began trading on August 25, brought net inflows of $34.4 million by September 4, during which time the ZEC token rose above $1,000.
Zcash’s network computing power, also referred to as its hash rate, increased from about 25 GigaSolutions per second in late August to over 30 GigaSolutions per second, signaling greater mining activity and network security.
Coinpaper, a crypto industry research outlet, highlighted that futures open interest for Zcash has climbed to about $2.3 billion, increasing the token’s exposure to leveraged trading and potentially contributing to price volatility.
Despite Zcash’s outperformance, removing it from recent calculations does not invalidate Glassnode’s overarching market analysis. The consultancy attributes the current market pattern to a wider trend across the privacy coin sector.
Recent institutional demand fueled net inflows of $34.4 million into the Zcash ETF, as ZEC climbed above $1,000 and hash rate expanded beyond 30 GSol/s.
Mini dictionary: Grayscale, a leading digital asset investment company, offers cryptocurrency investment trusts and exchange-traded products. Its Zcash ETF allows institutional investors to gain exposure to ZEC without directly holding the coin.
Other privacy coins post strong gainsThe recent upswing is not confined to Zcash. Monero, another privacy-focused cryptocurrency known by its ticker XMR, doubled in value over the course of the year. DASH and ZEN, both emphasizing private transactions, have also outperformed Bitcoin over the past 90 days. Earlier in 2026, Dash recorded a 71% gain, a move accompanied by notable advances in DCR and ZEN. Monero further broke out of a multi-year trading range, with XMR surpassing the $600 mark.
CoinKey Event or Price90-Day Performance vs. BTCZcash (ZEC)ZEC > $1,000, ETF inflowOutperformedMonero (XMR)XMR > $600, doubled in a yearOutperformedDash (DASH)Rose 71% in 2026OutperformedHorizen (ZEN)Beaten BTC in 90 daysOutperformedAnalysis from Glassnode, an on-chain data and analytics provider, estimates that the total market value in the sector now stands at $33.6 billion, an increase of $26.5 billion. Notably, nearly half of this growth occurred in just the last 30 days, signaling sharply rising interest and capital inflows into privacy coins.
In the most recent broad crypto rally, privacy coins led gains, with a sharp expansion in their market capitalization and outperformance versus Bitcoin.
Broader market context and long-term perspectiveDespite the buzz around privacy coins, the overall crypto market remains mixed. Over the past month, 91.5% of the top 200 digital assets posted gains, reflecting a widespread short-term recovery.
However, positive momentum does not extend over longer timeframes. Only 25 of the top 200 assets currently show gains over the past year, underscoring the generally narrow breadth of the market when viewed beyond short-term rallies.
Among the 25 largest digital assets, just four—ZEC, HYPE, XMR and WBT—are priced above their October 6 levels.
Aave’s newly launched V4 protocol on Ethereum is now distributing USDe rewards through its dedicated Ethena ecosystem market, giving DeFi users a fresh set of incentives to park capital in one of the most actively used synthetic dollar systems in crypto.
The activation marks a significant operational milestone for both protocols. Aave V4 rolled out with a purpose-built Ethena environment featuring two “Spokes,” the largest ecosystem-specific deployment at launch, supporting USDe, sUSDe, PT-sUSDe, and PT-USDe as collateral assets.
What the Ethena Spokes actually do Inside those Spokes, users can deposit Ethena’s synthetic dollar USDe and its staked variant sUSDe to borrow against, earn rewards, or engage in what the community has affectionately dubbed “Aavethena” strategies. These are recursive borrowing loops where a user deposits USDe, borrows against it, converts the borrowed funds back into USDe, and repeats the cycle to stack yield.
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USDe is designed as a delta-neutral synthetic dollar, meaning Ethena Labs backs it with productive assets hedged through perpetual futures positions. The net exposure stays close to zero while the underlying positions generate yield.
During peak periods, Aave has supported over 50% of the total USDe supply, making Aave the single most important liquidity venue for Ethena’s flagship asset.
USDe’s growth trajectory USDe supply recently surpassed $12 billion. USDe reportedly crossed the $10 billion mark in under 500 days from its inception, a pace of growth driven in large part by the leveraged looping strategies enabled by Aave’s lending infrastructure.
Ethena distributes discretionary incentives that accrue to sUSDe holders through a token vault structure. As rewards accumulate, they increase the USDe value backing each unit of sUSDe, creating a compounding dynamic that draws in yield-seekers.
New features reduce friction One of the notable additions accompanying the V4 launch is Liquid Leverage, a feature that allows users to make 50/50 USDe/sUSDe deposits. The practical upside: it enhances liquidity and rewards while reducing the cooldown period that typically applies when unstaking sUSDe.
Aave’s governance has also implemented structural safeguards for the partnership. Whitelisted redemption mechanisms are in place to manage inter-protocol risk, essentially creating controlled exit channels that prevent a bank-run scenario where mass redemptions could destabilize either protocol.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Anchored Finance spustila na Uniswapu tokenizované akcie na Arbitrum, kde je 10 titulů krytých 1:1 skutečnými akciemi v regulované úschově. Současně běží i na Ethereum mainnetu, Base a Monad.
Anchored Finance has launched tokenized versions of traditional stocks on Uniswap’s decentralized exchange, using the Arbitrum Layer-2 network as its primary venue. The deployment, which went live on August 24, brings 10 tokenized equities onto one of DeFi’s most liquid trading platforms, each backed 1:1 by shares held through US regulated brokers and custodians.
What Anchored built and how it works Anchored Finance first announced its plans on August 20, targeting a launch window of August 21 to 24. The team met that timeline, with tokens going live on the later end of the window after completing technical and liquidity preparations.
The tokenized stocks are issued as ERC-20 tokens. Liquidity routing runs through UniswapX, an order-routing protocol that aggregates liquidity sources to find optimal execution for traders. Settlements happen in USDC, and Anchored has also built on-chain issuance workflows, meaning the creation and redemption of tokenized shares follows a transparent, verifiable process.
The deployment isn’t limited to Arbitrum. Anchored simultaneously launched on Ethereum mainnet, Base, and Monad, spreading its tokenized equities across four networks.
The tokenized RWA wave keeps building Anchored’s approach leans on US custodial services to hold the underlying shares, creating a compliance framework where each on-chain token corresponds to a real share sitting in a regulated brokerage account.
What this means for tokenized equities Post-launch trading volume data for Anchored’s tokens hasn’t surfaced yet. A 1:1 backing model with regulated custody addresses the trust problem. USDC settlements remove friction. Multi-chain deployment across four networks increases surface area for discovery, and Uniswap integration means these tokens don’t need to build their own trading ecosystem from scratch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
První vládní aplikace Pákistánu, národní messenger, dokončila celý měsíc provozu na Internet Computer Protocol. ICP uvádí, že je téměř feature complete a připravená na další fázi.
Pakistan's First Government App Completes One Month on ICPPakistan has reached a notable milestone in its push toward decentralized digital infrastructure. The country's first governmental application, a national messenger platform, has completed a full month of live operation on the Internet Computer Protocol (@Dfinity), marking the first time a Pakistani government service has run end-to-end on a blockchain-based sovereign cloud.
The app was built using @caffeineai, an AI-powered platform incubated by the DFINITY Foundation that allows users to create and deploy fully on-chain applications through natural language prompts, without requiring traditional coding. Caffeine builds full-stack web applications from natural language prompts, with those applications running entirely on the Internet Computer Protocol, a blockchain-based network. The platform's use in a live government context signals a step beyond early pilots and into operational deployment.
ICP's Chief Business Officer confirmed that the Pakistan National Messenger app is "almost feature complete now and ready for the next phase," suggesting broader rollout or expanded functionality is approaching.
A Broader Sovereign Infrastructure PushThe messenger app sits within a larger bilateral framework. The Pakistan Digital Authority (PDA) and the DFINITY Foundation signed an MoU to advance sovereign AI-native digital infrastructure in Pakistan, with DFINITY supporting the creation of a dedicated Pakistan Subnet on ICP, designed to host tamper-resistant software and national-scale applications independently of foreign cloud infrastructure.
The collaboration also includes expanded access to Caffeine through 1,500 licenses, alongside capacity-building initiatives across government, education, and entrepreneurship.
A second governmental platform is now being prepared for launch, as Pakistan continues migrating core public services to decentralized computing. A local ICP subnet can support services that require strict data residency, including identity, records, and communications.
The one-month stability milestone carries practical weight. Governments evaluating decentralized infrastructure have historically required proof of operational resilience before scaling, and an uninterrupted four-week deployment in a live national stack provides exactly that kind of reference point. If key checkpoints continue to be met, the compounding effect becomes real: other governments can point to an example, reduce perceived risk, and justify their own pilots.
Sources:
Pakistan Digital Authority and DFINITY Partnership Announcement – Internet Computer
Swiss Company Entering Pakistan to Help Build Local Cloud Services – ProPakistani
Dfinity Launches Caffeine AI – VentureBeat
Confidential Intents od NEAR Protocol překročil 60 milionů USD v TVL a chybí mu už jen 10 milionů USD ke spuštění prvního odměnového snapshotu (Drop 1) při hranici 70 milionů USD. Program [email protected] rozdělí 333 333 tokenů mezi oprávněné uživatele.
TVL Crosses $60M With $10M Left to GoNEAR Protocol's (@NEARProtocol) Confidential Intents has crossed $60 million in total value locked, leaving the protocol just $10 million short of the threshold that will trigger its first major reward event. When aggregate TVL reaches $70 million, the Drop 1 snapshot for [email protected] will be taken, locking in allocations for eligible participants.
The milestone matters because the [email protected] program distributes a fixed pool of 333,333 milestone tokens to qualifying Confidential Intents users. To be eligible for Drop 1, participants must hold a confidential balance above $100 and have completed at least one confidential swap before the TVL threshold is reached.
How the [email protected] Program [email protected] is a milestone incentive program tied directly to Confidential Intents activity on near(.)com. The tokens issued are non-transferable at first. Conversion to NEAR on a 1:1 basis only occurs if NEAR's volume-weighted average price (VWAP) holds at or above $3.33 for three consecutive days, meaning two separate on-chain conditions must be met before any tokens change hands.
Allocation is not simply a function of deposit size. It is scored by sustained confidential balance weighted by time held, plus ongoing swap activity. Earlier participation carries greater weight in the calculation, so users who have been active on Confidential Intents since before the snapshot carries an advantage over those who enter late. No single wallet can receive more than 2 percent of Drop 1, equivalent to roughly 6,666 tokens, so large last-minute deposits offer limited additional benefit.
Confidential Intents itself is NEAR's private execution layer for cross-chain swaps, running inside a private shard connected to mainnet via a trusted execution environment (TEE) bridge. The architecture is designed to shield transaction amounts and counterparties from being visible on-chain until settlement, protecting users from MEV and frontrunning rather than providing full anonymity.
With TVL having climbed from roughly $26 million in mid-June 2026 to over $60 million by early September, the protocol is approaching the $70 million milestone at a steady pace. More drops are planned after Drop 1, with conditions calibrated to higher levels of community activity.
Sources:
Crypto Briefing: NEAR's Confidential Intents TVL surpasses $26M as private execution expands
Nansen: NEAR Protocol Q2 2026 Report
Coinfomania: Confidential Intents Hits $60M in TVL
@PancakeSwap has crossed the 200 million user mark, a milestone that underscores its standing as the dominant decentralized liquidity venue heading into the second half of 2026.
A Platform Built on Sustained Growth The milestone did not arrive suddenly. That foundation has since expanded:
While the multi-chain footprint has broadened its reach, BNB Chain remains the engine of the platform, accounting for the deepest liquidity and the highest transaction counts.
On the tokenomics side,
Expanding Into Tokenized Assets Beyond spot trading in $BTC and memecoins, PancakeSwap has moved aggressively into tokenized real-world assets (RWAs).
The tokenized asset push was largely triggered by a partnership with Ondo Finance. The appeal is practical:
With 200 million users now on board and a growing suite of products spanning crypto-native tokens, memecoins, and tokenized equities, @PancakeSwap appears well-positioned to remain the primary decentralized exchange for retail participants through the current market cycle.
Sources:
PancakeSwap: 5 Years of PancakeSwap (Official Blog)
Crypto Briefing: PancakeSwap hits $1B in tokenized asset volume
Crypto Briefing: PancakeSwap v3 hosts $3B in spot DEX volume for tokenized stocks
Dogecoin ($DOGE) je nyní dostupný na Solaně přes Sunrise a lze jej držet i posílat přímo v peněženkách Phantom, Solflare a Backpack. Integrace přináší také okamžitou likviditu na Jupiteru, Raydium a Kamino.
$DOGE Arrives on Solana via SunriseDogecoin ($DOGE) is now live on @Solana through the @sunrise protocol, marking another milestone in the push to bring major non-native assets into Solana's high-performance ecosystem. The integration allows users to hold and transact native $DOGE directly within leading Solana wallets, including @phantom, @solflare, and @Backpack, without the complexity of traditional cross-chain bridging.
Sunrise is a liquidity gateway built by Wormhole Labs, the firm behind the Wormhole cross-chain protocol. Wormhole Labs launched Sunrise as a liquidity gateway focused exclusively on the Solana ecosystem, pitching it as a "canonical route" for external assets to enter Solana with day-one liquidity through a single interface. Under the hood, the platform uses Wormhole's Native Token Transfers (NTT) infrastructure, which allows tokens to retain their utility and fungibility across chains without relying on traditional liquidity pools that can be vulnerable to hacks or slippage.
Sunrise's approach is built around three pillars: one canonical version per asset, immediate liquidity from launch day, and streamlined distribution across a chain's application ecosystem. Rather than listing a token and hoping liquidity materializes organically, the platform coordinates with DEXs and wallets ahead of time so the asset is usable from the moment it goes live.
Deep Liquidity Across Solana's DeFi StackThe $DOGE rollout on Solana secures immediate liquidity access through top-tier decentralized exchanges and aggregators, including @JupiterExchange, @Raydium, and @kamino_swap. This mirrors Sunrise's established model: the platform has previously launched Solana-native versions of MEGA, HYPE, AVAX, and MON. Assets listed via Sunrise have collectively generated over $500 million in trading volume on Solana over a 30-day period as of April 2026.
The broader context is a Solana ecosystem that has been actively pulling in assets from other chains. "Solana's vision for internet capital markets means being the platform on which users can engage with any asset, including crypto assets that aren't originated on Solana," said Kuleen Nimkar, growth lead at the Solana Foundation. For $DOGE, one of the most widely held tokens in crypto, the Solana listing opens a new avenue for utility and trading activity beyond its native proof-of-work chain.
Sources:
The Block: Wormhole Labs unveils Sunrise gateway to bring assets to Solana
Crypto Briefing: Sunrise lists ARB token on Solana via Wormhole NTT
CoinDesk: Wormhole Labs Debuts Sunrise to Streamline Solana Token Imports
Útočník spojený s exploitací Coldcard přesunul během pěti dnů asi 97,09 BTC, tedy zhruba 45 % ukradených prostředků, přes THORChain a CoinJoin. Galaxy uvedla, že jde o zpeněžení části kořisti.
The hacker behind the third wave of Coldcard hardware wallet exploits has started cashing out, routing approximately 97.09 BTC, worth about $7.8 million, through cross-chain swaps and mixing services over a five-day window. Galaxy Research flagged the movement on September 7, noting it represents roughly 45% of the Wave 3 stolen funds.
The funds first hit THORChain on September 2, where they were swapped into Ether. By September 5 and 6, additional portions had been run through CoinJoin transactions, a Bitcoin privacy technique that bundles multiple users’ transactions together to obscure the trail. The attacker appears to be working through the largest vaults first, a prioritization strategy that suggests deliberate planning rather than panicked liquidation.
A firmware flaw five years in the making A firmware update shipped by Coinkite in March 2021 (version 4.0.1 onward) introduced a bug that caused Coldcard devices, primarily the Mk3 and later models, to default to a software-based pseudo-random number generator when creating wallet seeds. The hardware random number generator was effectively bypassed.
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The result: seeds generated with only 40 to 72 bits of effective entropy. For context, modern cryptographic standards typically call for 128 to 256 bits. Skilled attackers could reconstruct private keys entirely offline through brute-force computation.
Coinkite eventually patched the firmware, but any wallet seed generated during the vulnerable window remains compromised regardless of whether the device itself has been updated. The company has urged affected users to generate entirely new seeds and migrate their funds.
The full scope: 1,789 BTC across 8,865 addresses Galaxy Research, led by analyst Alex Thorn, has been tracking the Coldcard exploit chain since the attacks began on July 30, 2026. Total confirmed losses stand at approximately 1,789 BTC, valued at around $114.7 million at the time of theft. More than 8,865 addresses have been affected, with the median victim losing more than 1 BTC. An additional cluster of 58 addresses has been identified that could push total losses to roughly 1,806 BTC.
The attacks came in waves. The first wave alone extracted 1,082.65 BTC in just 41 minutes, a staggering pace that points to automated scripts scanning the blockchain for weak keys. Galaxy’s research suggests at least 15 different attackers were involved across the waves, which ran from July 30 through August 6. Activity dropped sharply after that.
Of the total haul, 82% of stolen Bitcoin remains sitting in attacker-controlled wallets. Only 18% has shown movement consistent with laundering. Galaxy’s team has engaged directly with over 190 victims and shared identified attacker addresses with law enforcement agencies and industry partners.
THORChain’s uncomfortable spotlight The attacker’s choice of THORChain as a laundering vehicle is notable but not surprising. The decentralized cross-chain liquidity protocol enables swaps between native assets on different blockchains without requiring a centralized intermediary. THORChain’s permissionless architecture means it can’t freeze or reverse transactions the way a centralized exchange can.
The subsequent use of CoinJoin adds another layer of obfuscation. By mixing the converted funds with legitimate Bitcoin transactions, the attacker makes chain analysis significantly harder, though not impossible. Firms like Chainalysis and Elliptic have developed increasingly sophisticated tools for de-mixing CoinJoin outputs, and law enforcement has successfully traced CoinJoin-laundered funds in prior cases.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Japonsko zařadilo krypto aktiva pod FIEA, což otevírá cestu pro budoucí krypto ETF. SHIB má díky Green Listu a listingu na Mercari v Japonsku náskok. První zalistování ETF je podle odhadů nejdříve v roce 2027.
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Shiba Inu is gaining a stronger foothold in Japan amid a new regulatory framework that could eventually pave the way for crypto exchange-traded funds in the country.
Japan already has a massive ETF market, but it has yet to launch a cryptocurrency ETF. That could change after a major regulatory shift that moved crypto assets closer to the framework governing traditional financial markets.
According to longtime Shiba Inu community member Mazrael, on July 15, 2026, Japan's National Diet (its national legislature) moved crypto under the FIEA, the same law as stocks, opening a door for a crypto ETF in the country.
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Japan has a massive ETF market, just no crypto ETF yet.
The door did open though: on July 15 the Diet moved crypto under the FIEA, the same law as stocks.
That's the reclassification an ETF needs. FSA rulemaking still has to happen, so first listings are 2027 at the earliest… pic.twitter.com/4VSzyIfIw5
— Mazrael.shib (@Mazrael_shib) September 7, 2026 Japan reclassified cryptocurrencies as financial instruments, a structural shift that establishes the legal framework for separate taxation of crypto assets and for future crypto exchange-traded funds (ETFs). Mazrael noted that this is the reclassification an ETF needs, with a potential crypto ETF listing on the Tokyo Stock Exchange around 2027.
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Mazrael added that Japan's Financial Services Agency (FSA) rulemaking still has to happen, with first listings likely for 2027 at the earliest and Bitcoin going first.
Shiba Inu also stands a chance given its inclusion on the Green List. In November 2025, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) included Shiba Inu (SHIB) on its regulatory "Green List" along with BTC and ETH.
Mercari, Japan's largest marketplace with 23 million users, also listed Shiba Inu in June 2026.
SHIB gains head startMazrael summarized these developments, which give SHIB a head start in Japan's ETF race: "The Green List. Needed 8+ licensed JP exchanges when the bar is 3. Same tier as BTC and ETH, and gains drop from up to 55% tax to a flat 20%. Plus Mercari lists SHIB to 23 million users. 4 million crypto accounts there now, 85% opened by people who never traded before."
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He noted that eligibility remains the hard part, representing a hurdle for most crypto assets. "Eligibility first, ETF later," Mazrael stated.
As reported, Mazrael said that while SHIB does not have a dedicated spot ETF yet in the US, it remains "well on track," citing several developments including a European exchange-traded product, regulated access in Japan, and newly available futures exposure in Canada.
Bittensor [TAO] po spuštění na Raydium vystřelil na tříměsíční maximum 277 USD a za den přidal 13,4 %. Integrace přitáhla novou poptávku i vyšší obchodní aktivitu.
AI-themed tokens have recently seen renewed capital rotation. Bittensor [TAO] is in the middle of fresh market demand. In fact, the market cap of AI coins jumped by 5% to $19 billion while trading volume skyrocketed by 18% to $3.97 billion.
Amid this sector-wide capital flow, TAO has shown strong upside pressure, extending its upsurge after previously flipping $250 to reach a high of $277. The coin has not reached these levels since June.
As of this writing, Bittensor was trading around $272, up 13.4% on the daily charts. At the same time, market cap crossed $3 billion while the trading volume rose 164% to $558 million.
TAO pumped strongly as it went live on Raydium. The integration connected decentralized AI infrastructure with Solana’s DeFi capital. Since Raydium leverages Solana’s user base, with the integration, TAO now has a wider user base.
One area that TAO benefits the most is integration with memecoin launchpads, especially StonkFun. In fact, after it went live, a Bittensor memecoin was launched on Solana called BUTT.
BUTT’s market cap rose to over $6 million. However, BUTT’s holders had to swap to TAO first, which in turn drove the price for TAO.
Demand for Bittensor on the rise again Incentivized by the expanded reach, investors have increased capital deployment significantly. On the Spot side, for example, the market has recorded a positive delta for five consecutive days.
Source: Coinalyze Coinalyze data showed that Bittensor recorded 265k in buy volume with the buy/sell delta rising to 24k. This indicated buyer dominance on the Spot market.
On the derivatives side, traders have also increased participation. In fact, the altcoin’s Open Interest surged $428 million, marking a four-month high.
Source: CoinGlass With OI rising to May levels, it suggests traders have opened new positions, both shorts and longs, a clear sign of increased speculation.
Historically, strong speculative demand and Spot accumulation have strengthened momentum, leading to more gains on the price charts.
Is the uptrend sustainable? Bittensor is under strong bullish pressure amid renewed market interest and capital rotation. The expanded user base with the memecoin launch on Raydium has strengthened the uptrend.
A look at the MACD showed that the momentum indicator formed a bullish crossover and climbed to 10. At the same time, the Awesome Oscillator rose to 22, holding green for two consecutive days.
Source: Tradingview Rising MACD and AO reflect buyer dominance in the market. Often, such a setup has resulted in some more gains.
Therefore, if the market conditions hold, Bittensor will close above $280 and eye the $300 resistance level. However, if the speculation around Raydium integration fades, TAO will retrace to $234.
Final Summary TAO surged 13%, to reach a three-month high of $277, then retraced to $267 at press time. The main catalysts were Raydium’s integration and the launch of BUTT memecoin, which brought in more demand.
Raydium, the dominant decentralized exchange on Solana, pulled in nearly $440,000 in protocol revenue on September 6, making it the platform’s best single day since July 2025. The catalyst was straightforward: StonkFun, a token-launch platform specializing in stock and commodity tokens, officially integrated with Raydium’s LaunchLab infrastructure.
StonkFun’s native token STONK ripped more than 250% on the day, hitting an approximate market cap of $140 million. Raydium’s own RAY token climbed over 40% as traders piled into the newly expanded liquidity pools.
What StonkFun actually brings to the table StonkFun focuses on tokenized representations of traditional financial assets like stocks and commodities, giving DeFi users access to price exposure on instruments that typically live behind brokerage accounts and market hours.
Before this LaunchLab integration, StonkFun had already built a meaningful business. The platform generated over $1.21 million in total revenue and routed approximately $219 million in trading volume through Raydium, out of a total exceeding $392 million across all venues.
During the second quarter of 2025, LaunchLab contributed roughly 21.7% of Raydium’s total net revenue — about $4 million out of $18.4 million.
The new integration supports permissionless deployments, bonding curves, and constant-product market-maker pools for any token. Deployment costs have dropped from 0.29 SOL to 0.03 SOL, roughly a 90% reduction.
Why $440K matters more than it sounds When new tokens launch through LaunchLab, early buyers purchase along a mathematically defined price curve before the token graduates to a standard liquidity pool. Each of those bonding-curve trades generates fees for the protocol. With StonkFun funneling its tokenized asset launches through this system, Raydium captures revenue at every stage of a token’s lifecycle, from initial bonding curve to mature trading pair.
Rather than forcing every new token to pair exclusively against SOL or USDC, StonkFun’s integration allows for tailored trading pairs through custom quote assets, which can attract specialized liquidity providers who want exposure to specific asset combinations.
Competitive positioning and what comes next Raydium has been in a multi-year battle for DEX supremacy on Solana, competing against platforms like Orca and Jupiter for market share. By becoming the infrastructure layer where new tokens are born, Raydium captures trading activity that competitors never see.
At 0.03 SOL per deployment, the barrier to creating a new token is essentially zero. While it drives volume and revenue in the short term, it also opens the door to a flood of low-quality launches that could dilute user attention and strain liquidity across too many pairs.
For RAY token holders, the 40% price jump reflects market confidence in StonkFun’s integration. With the platform already accounting for over a fifth of LaunchLab revenue before this deeper integration, more launches mean more volume and more fees accruing to the protocol.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cozy Finance na Optimismu byl znovu napaden a útočník odčerpal zhruba 170 000 USD, které během 13 minut přesunul pryč. Jde o druhý útok na protokol po ztrátě asi 427 000 USD v srpnu 2025.
Blockchain security firm Blockaid flagged a Cozy Finance exploit on Optimism early Monday. The attacker drained roughly $170,000 and bridged the funds out within 13 minutes.
Cozy Finance runs protection markets that let users buy cover against DeFi failures. An earlier Optimism attack cost the protocol about $427,000 in August 2025.
Attacker Bridged the Money Out in 13 MinutesThe exploit transaction landed at 05:43 UTC on Monday, according to OP Mainnet explorer data. It moved about 163,326 USDC.e out of the protocol across 63 token transfers.
Meanwhile, the same transaction burned roughly 1.6 million Cozy PToken (CPT). The attacker then approved a token and pushed the funds through a bridge at 05:56 UTC.
That exit came before Blockaid published its alert. Explorer records show no further movement from the wallet since.
The attacker also prepared well ahead. Records show the attack contract went live on September 2, five days before the drain. The wallet drew its first funds from a Relay solver.
Blockaid also named Cozy Set (CSET) as the abused token contract. That contract remains unverified and still holds about $4,168 in USDC.e.
🚨Community alert:
Blockaid detected an ongoing exploit on @cozyfinance on Optimism.
170k$ drained so far.
More details in 🧵
— Blockaid (@blockaid_) September 7, 2026
Blockaid. Source: XCozy Finance Exploit Repeats a 2025 FailureThis is not the protocol’s first loss on Optimism. An attacker took about $427,000 in August 2025, security firm Verichains found.
The flaw sat in the withdrawal code, which never checked who completed a redemption. Cozy Finance now ranks fifth among insurance protocols on DefiLlama, holding about $1.3 million.
DefiLlama listed roughly $172,000 on the Optimism side. Therefore, the attacker appears to have swept close to the entire deployment there.
Similar raids keep landing across DeFi. Notional Finance lost $1.73 million last week to an integer overflow bug. Days earlier, Full Sail wound down operations after an attacker took roughly $91,000.
Monday brought a far larger case as well. Roughly $320 million in Bitcoin left the Liquid Network, and the actors claimed white hat intentions on-chain.
However, early loss figures often move. Blockaid first sized an August Flow exploit at $9.3 million before the network put the damage near $410,000.
Blockaid promised more detail as it traces the money. The sum is small, yet a second breach on the same chain raises harder questions.
Pendle se za méně než měsíc stal druhým největším DeFi protokolem na XLayer s TVL v hodnotě 37,5 milionu USD. Téměř všechen kapitál pocházel z trhu kolem USDG.
Pendle needed less than 30 days to become the second-largest DeFi protocol on XLayer, OKX’s EVM-compatible Layer 2 network. The yield tokenization platform has amassed $37.5 million in TVL on the chain, a figure that represents a remarkable chunk of XLayer’s total DeFi TVL of roughly $150 million.
What makes this even more striking: nearly all of that capital flowed through a single market built around USDG, the Paxos-issued stablecoin backed by USD reserves and Treasuries.
How Pendle carved out a quarter of XLayer’s DeFi Pendle launched natively on XLayer around August 11, 2026. Within weeks, the protocol’s TVL surged by 268% over a seven-day stretch, according to DefiLlama data.
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The catalyst was a carefully orchestrated combination of liquidity incentives and cross-protocol integration. On the incentive side, Pendle rolled out LP rewards designed to attract capital into its USDG yield market. On the integration side, the real accelerant was Aave V3.
Around August 31 to September 1, Aave V3 on XLayer began accepting Pendle’s PT-USDG, the principal token representing fixed-yield positions on USDG, as collateral. The loan-to-value ratio came in at 93.59%, which means depositors can borrow up to roughly 94 cents for every dollar of PT-USDG posted. Aave also attached a $150,000 incentive pool to sweeten the deal.
The result was a classic DeFi composability loop. Users could deposit into Pendle’s yield market, receive PT-USDG, post it as collateral on Aave, borrow against it, and potentially reinvest. Each step in the chain created additional demand for the underlying asset, pulling more capital into both protocols simultaneously.
USDG’s quiet dominance on XLayer The Paxos-issued stablecoin accounts for over 92% of XLayer’s approximately $1.7 billion stablecoin market cap. That concentration means any protocol that builds compelling yield products around USDG gets a direct pipeline to most of the ecosystem’s stable capital.
The multi-chain playbook Pendle now operates across 14 different blockchain networks, with a cumulative TVL exceeding $1.2 billion. On XLayer specifically, the strategy has been focused on stablecoins and Real World Asset-linked yield markets. The protocol works by splitting yield-bearing assets into Principal Tokens (PTs), which offer fixed returns at maturity, and Yield Tokens (YTs), which allow holders to capture variable yield.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ARB od začátku srpna vzrostl zhruba o 111 %, ale po odrazu od 0,206 USD je klíčové udržet support na 0,154 USD. Tahounem je nový příjmový kanál z Robinhood Chain, který posiluje ArbitrumDAO.
7 September 2026 | 13:26 ARB has rallied roughly 111% from around $0.078 in early August, but the sharp rejection below $0.21 now makes revenue, activity and support levels decisive.
Key Takeaways Robinhood Chain created a DAO-income channel. ARB has no automatic revenue distribution. RWA figures show scale, not guaranteed liquidity. $0.154 is the immediate support level. ARB’s gain stood apart from the broader market move ARB traded near $0.165 on the Coinbase daily chart on September 7 at around 09:50 UTC, after rising from an early-August area around $0.078. The advance reached $0.206 before reversing, leaving the token about 19.6% below its recent high at the time of the chart capture.
Arbitrum (ARB/USD) price gaining 111% since early August. CoinGecko data showed ARB up about 90% over seven days, while total crypto market capitalization had gained about 2.4% over the same period. That performance gap suggests traders were also responding to Arbitrum-specific developments.
Robinhood Chain introduced a new income stream for ArbitrumDAO One important factor is the commercial structure behind Robinhood Chain. The network launched on public mainnet on July 1 as a dedicated Arbitrum chain that settles to Ethereum. Under the Arbitrum Expansion Program, 10% of its protocol net revenue is allocated to the ecosystem: 8% to the ArbitrumDAO treasury and 2% to the Arbitrum Developer Guild.
The distinction between net revenue and gross transaction fees matters. Not every fee paid by a Robinhood Chain user becomes DAO income. Still, the agreement gives ArbitrumDAO a measurable economic interest in the chain’s activity. ArbitrumDAO’s Robinhood Chain factsheet says the treasury share is routed through the AEP fee router and included in regular DAO financial reporting.
Robinhood’s stock-token products, lending services and liquidity applications operate on that infrastructure. This earlier look at how Robinhood Chain’s transactions connect to Arbitrum explains why the relationship matters beyond a standard technology partnership.
In a late-August update, the Arbitrum Foundation said Robinhood Chain had generated more than $800,000 in revenue over the preceding seven days. The figure showed that the arrangement was already producing activity worth monitoring, although a one-week run rate cannot establish long-term income. The Foundation’s update annualized that pace at roughly $42 million.
DAO income does not automatically become ARB income Robinhood Chain can strengthen the DAO treasury, but ARB does not currently give holders an automatic right to that revenue. There is no built-in buyback, dividend or distribution mechanism tied to the AEP payments.
A larger treasury can fund ecosystem spending, but only through future DAO decisions. It can support grants, security work, liquidity programs and product development, while making governance over those assets more consequential. The rally can therefore be read as a bet on ecosystem growth and governance value, rather than a direct revenue-yield trade.
That is also the key risk in the current narrative. Sustained Robinhood Chain revenue would improve the DAO’s position, but the market will eventually need to see how that income is used if it is to support a higher long-term valuation for ARB.
Arbitrum’s first-half figures gave traders fresh evidence The Arbitrum Foundation’s first-half 2026 report, published on September 2, showed that the DAO already had several income sources beyond the Robinhood arrangement. It reported $6.19 million in total first-half income from transaction fees, Timeboost, Arbitrum Expansion Program licence fees and treasury income, with gross margins of 97% across those revenue streams.
The report also listed $125 million in non-ARB treasury assets as of June 30. Arbitrum processed 478 million transactions during the first half of the year and averaged more than $70 billion in monthly stablecoin transfer volume, according to the Foundation’s progress update.
These figures do not show that the report caused ARB’s rally but they show that the DAO’s income is diversified and that Robinhood Chain is joining an ecosystem with an established activity base.
RWA data shows scale, but not necessarily liquidity RWA.xyz lists $972.96 million in distributed asset value and $24.55 million in represented asset value on Arbitrum. The platform recorded 9,706 RWA holders and $398.58 million in 30-day transfer volume.
Its 4,678 listed tokenized assets show the breadth of Arbitrum’s RWA footprint, but issuance does not automatically mean those assets trade actively. Many tokenized funds, debt instruments and securities are designed for long-term holding, restricted to eligible investors or traded through limited venues. The better evidence of growing use will be continued increases in holders, transfers and fee-paying activity.
RWA dashboards also use different methodologies. DeFiLlama puts Arbitrum’s active RWA market capitalization at $822.92 million, below RWA.xyz’s broader distributed and represented asset values. The difference is a reminder that tokenized-asset totals should be read as indicators of network scale, not as a single definitive measure of liquidity.
DeFiLlama also puts Arbitrum’s DeFi TVL at about $1.42 billion, alongside $3.59 billion in stablecoin market capitalization, $118.8 million in daily DEX volume and $734.8 million in daily perpetuals volume. Stablecoin totals can vary across dashboards because providers classify bridged, represented and native assets differently.
The latest data from growthepie shows 1.3 million transactions and 87,700 daily active addresses on Arbitrum. Those figures show that the network has an active user base, but they cannot determine how much of that activity came from Robinhood Chain, RWAs or other applications.
Infrastructure upgrades add to the institutional case Arbitrum’s recent technical work also fits the institutional-use narrative. ArbOS Elara, activated on August 20, added larger contract-size limits and programmable compliance controls for dedicated chains, alongside changes to fee and data-availability infrastructure. The Foundation has also outlined research into using zero-knowledge proofs to speed up settlement while retaining optimistic-rollup safeguards. Arbitrum’s August update described both developments.
Neither development proves a direct cause of the latest ARB move. They do help explain why a financial firm or tokenization issuer may view Arbitrum as infrastructure for a dedicated, regulated or high-volume product.
That fundamental backdrop explains why the breakout attracted attention. The chart now shows whether buyers are prepared to defend it.
Arbitrum (ARB/USD) daily price chart with Fibonacci levels and RSI indicator. ARB price levels to watch after the rejection The Fibonacci retracement is drawn from the $0.07028 swing low in July to the $0.20606 September rally high visible on the daily chart. ARB slipped below the 23.6% retracement at $0.17401, turning it into the first level buyers need to reclaim.
ARB price levels to watch
Key Fibonacci resistance and support zones
Price level
Why it matters
$0.206
Recent rally high and the main upside barrier.
$0.191–$0.206
The recent rejection zone where selling emerged.
$0.174
23.6% Fibonacci retracement; first resistance to reclaim.
$0.154
38.2% retracement and the first major support.
$0.138
50% retracement and the next downside level.
$0.122
61.8% retracement and deeper structural support.
$0.099
78.6% retracement near the longer-term average cluster.
A daily close above $0.174 would show that buyers have recovered the first lost Fibonacci level. That would reopen the path toward $0.191 and then $0.206. If daily closes hold above $0.154 but remain below $0.174, ARB would be consolidating after the rapid advance rather than confirming a new leg higher.
A close below $0.154 would put $0.138 in view, followed by $0.122. A deeper decline would bring the $0.099 retracement into focus. That area sits near the 200-day moving average at $0.09927; the 50- and 100-day averages are lower, near $0.093 and $0.088.
The chart showed volume rising during the breakout. Whether volume returns on a reclaim of $0.174, or grows on a break below $0.154, will help show which side has control after the first major pullback.
What would validate the rally from here? The rally coincided with a new DAO-income channel and stronger evidence of Arbitrum’s financial activity. The next evidence traders need is recurring revenue, not another headline.
Robinhood Chain’s reported net revenue should continue to appear in DAO financials, while RWA holders, transfer volume and broader network activity should keep growing alongside asset values. On the chart, ARB needs to hold $0.154 and reclaim $0.174 to show that the current move is becoming a defended trend rather than a short-lived repricing of future potential.
This article is for informational purposes only and does not constitute financial advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Hyperliquid odemkl 9,92 milionu HYPE v hodnotě asi 820 milionů USD, ale historicky se po odemčení na burzy dostane jen zlomek tokenů. Data ukazují, že po březnovém odemčení to bylo jen asi 1,75 %.
Every HYPE unlock triggers the same panic cycle. Every time, the sellers never show up. The September batch will probably be no different, and the data from previous unlocks explains exactly why.
Summary
Hyperliquid released approximately 9.92 million HYPE tokens on September 6, valued at roughly $820 million at the prevailing market price of $82.60 per token. Historical data from HYPE unlocks shows that the vast majority of newly unlocked tokens are not sold. After the March 2026 unlock, on-chain data indicated that only about 1.75% of unlocked supply reached exchanges within the first 30 days. HYPE has gained more than 50% since its mid-August breakout from the $55 to $60 range, reaching an all-time high of $88.06, with price holding above $80 through multiple unlock events in recent months. The Assistance Fund has burned 48.42 million HYPE through automated buybacks funded by 99% of eligible trading fees, permanently removing 4.84% of maximum supply. Hyperliquid Strategies, the Nasdaq-listed treasury company, held 29.3 million HYPE worth $1.9 billion as of June 30 and expanded its equity facility to $2.5 billion for potential additional purchases. Crypto Twitter lit up on September 6. The headline was irresistible: Hyperliquid just unlocked $820 million worth of HYPE tokens, adding nearly 10 million tokens to the available supply in a single batch. On paper, that sounds like a wall of sell pressure about to crush the price. Traders who have been burned by unlock dumps on other tokens immediately started hedging, opening short positions, and posting dire warnings about what comes next.
They are almost certainly wrong. And the reason they are wrong tells you something important about how HYPE actually works, how token unlocks function in practice, and why the market keeps getting smarter about separating real supply pressure from headline noise.
The $820 million number is technically correct and practically meaningless The September 6 unlock released 9.92 million HYPE tokens from their vesting contracts. At the time, HYPE was trading around $82.60, which puts the theoretical market value of those tokens at roughly $820 million. That is the number that landed in every headline and every panicked tweet.
But theoretical value and actual sell pressure are wildly different things.
An unlock does not mean that 9.92 million tokens hit the open market. It means those tokens become claimable by their holders. The people receiving vested HYPE are not random speculators looking to dump at the first opportunity. They are core contributors, early team members, and ecosystem participants who have been building on Hyperliquid for years. Most of them have strong reasons to hold.
Think about it from their perspective. They received HYPE allocations when the token was worth single digits. They have watched it climb to $82. They are sitting on life-changing gains. But they also know the protocol is growing faster than almost anything else in DeFi. Hyperliquid processes more than $4 billion in daily trading volume. The Assistance Fund is burning tokens worth $1 million per day. A Nasdaq-listed company is spending hundreds of millions to accumulate their token. Why would they sell now?
The data says they do not.
What actually happened after previous unlocks The best predictor of unlock behavior is unlock behavior. And HYPE has given us enough data points to see a clear pattern.
After the March 2026 unlock, which released a comparable batch of tokens, blockchain analysts tracked the movement of newly unlocked HYPE for 30 days. According to on-chain data aggregated by Arkham Intelligence and independent researchers, approximately 1.75% of the unlocked tokens moved to exchange deposit addresses within the first month.
Read that number again. 1.75%.
Out of hundreds of millions of dollars in theoretical unlock value, the actual sell pressure amounted to a tiny fraction. Most recipients left their tokens untouched. Some staked them. Some moved them to new wallets for tax or security reasons. But the panic-inducing “massive supply dump” that the headlines predicted simply did not happen.
The August 29 unlock provided even more recent evidence. That batch was larger, releasing approximately 14.18 million HYPE tokens valued at roughly $1.2 billion near the all-time high of $86.71. The immediate price reaction was a pullback to around $81, which is exactly the kind of dip that gets called a “crash” in breathless Twitter threads. Within days, HYPE was trading back above $85. The pullback represented normal profit-taking in a token that had just rallied 50% in a month, not a structural supply crisis.
This pattern repeats across the entire unlock history. Each time, the headlines scream about billions in new supply. Each time, the actual selling is minimal. Each time, the price recovers.
Why unlock panic consistently overstates the real impact The gap between perceived and actual unlock impact comes down to three factors that most market commentary ignores.
First, vesting recipients are not the same as traders. When a centralized exchange lists a new token and airdrop recipients rush to sell, that creates genuine supply pressure because those holders were never committed to the project. Vesting recipients are different. They earned their tokens through years of work or early commitment. Their time preference is fundamentally different from someone who received a free airdrop.
Second, HYPE has structural demand that absorbs new supply before it can create meaningful price impact. The Assistance Fund buyback mechanism runs continuously, spending approximately $1 million per day on open-market HYPE purchases. That is $30 million per month in automated buying pressure that does not stop for unlocks, does not get scared by headlines, and does not negotiate its entry price. The buyback alone could absorb a substantial portion of any actual selling from unlock recipients.
Third, the market has learned. The first few HYPE unlocks may have caused genuine uncertainty, but after multiple cycles where the feared dump failed to materialize, sophisticated traders and market makers now treat unlock events as potential buying opportunities rather than sell signals. The informational content of an unlock event in HYPE is close to zero because the pattern has been so consistent.
This is not unique to HYPE. Research across the broader crypto market shows that large-cap tokens with strong fundamentals tend to absorb unlock supply more efficiently over time. The difference is that HYPE has one of the most aggressive built-in demand mechanisms in the industry, which narrows the window for any sell pressure to have lasting impact.
The Assistance Fund is the real story here While traders obsess over token unlocks, the Assistance Fund quietly does the opposite of an unlock every single day.
Hyperliquid’s protocol directs 99% of eligible trading fees into the Assistance Fund, which uses those fees to buy HYPE on the open market. The purchased tokens are then burned, permanently removed from supply. No one can ever sell those tokens again. They are gone.
The numbers are staggering. By September 6, cumulative burns had reached 48.42 million HYPE tokens. That is 4.84% of the original maximum supply of 1 billion tokens, permanently erased. At current prices, the burned supply would be worth more than $4 billion.
To put that in perspective, the September 6 unlock released 9.92 million tokens. The Assistance Fund has removed 48.42 million tokens. The net effect of the buyback program outweighs this unlock by nearly five to one.
And the burn rate is accelerating. When Hyperliquid was processing lower volumes in early 2025, daily buybacks ran around $500,000. By mid-2026, they had doubled to roughly $1 million per day. In peak weeks, single-day buybacks have reached $3.97 million. The mechanism scales directly with trading volume, and Hyperliquid dominates crypto buyback activity, accounting for nearly 90% of all tracked token repurchases in 2026 alongside Pump.fun.
The annualized buyback rate runs near 7% of HYPE’s market capitalization. Compare that to Ethereum’s burn rate, BNB’s quarterly burns at roughly 20% of profits, or Solana’s 50% priority fee burn. HYPE’s ratio is four to five times higher than any comparable large-cap crypto asset.
This is the number that matters far more than any unlock. The protocol is eating its own supply faster than vesting events can replenish it.
Token unlocks across crypto: the pattern is clear HYPE is not the only token that survives unlock events better than expected, but it is one of the clearest examples.
Look at Solana. SOL went through massive unlock periods in 2021 and 2022, with billions of dollars in tokens becoming available. The short-term price action was choppy, but the long-term trend was determined by network adoption and ecosystem growth, not by unlock schedules. SOL went from under $20 to over $250 because people built useful things on it, not because its vesting schedule was perfectly smooth.
Arbitrum saw similar dynamics. ARB experienced large unlock events that triggered temporary volatility, but the tokens that actually reached exchanges represented a small fraction of the theoretical total. Optimism’s OP token followed the same pattern. The market has a remarkably consistent response to unlocks: brief uncertainty, minimal actual selling, and a return to the prevailing trend within days or weeks.
The tokens that get destroyed by unlocks tend to share specific characteristics. They lack genuine revenue or usage. Their holders received tokens through airdrops or speculative farming rather than long-term vesting. Their unlock schedules release huge percentages of total supply at once. And they have no structural demand mechanism to absorb new supply.
HYPE has none of those weaknesses. The protocol generates real revenue. The holders are long-term committed. The unlock percentages are manageable. And the Assistance Fund provides constant demand.
Hyperliquid Strategies adds another layer of demand Beyond the Assistance Fund, there is an entirely separate source of HYPE demand that most unlock analysis ignores.
Hyperliquid Strategies, the Nasdaq-listed company that operates as a corporate treasury vehicle for HYPE, held 29.3 million tokens worth $1.9 billion as of June 30, 2026. Since its business combination closed in December 2025, the company has spent $773.4 million buying approximately 16.5 million HYPE at an average price of $46.77.
On September 1, Hyperliquid Strategies expanded its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion. The facility allows the company to sell PURR shares and use the proceeds for general corporate purposes, including HYPE purchases. CEO David Schamis said the company was approaching the original $1 billion limit and needed additional capacity.
This means there is a publicly traded company with $2.5 billion in potential firepower that has explicitly stated its intention to buy more HYPE. That company is already one of the largest identified holders. Its validator is the third largest on the network excluding Hyper Foundation wallets. Its shares are owned by institutional investors including Duquesne Family Office, Stanley Druckenmiller’s firm, which disclosed a $23 million PURR position.
The existence of Hyperliquid Strategies creates an asymmetric dynamic around unlock events. If newly unlocked tokens hit the market and push the price down, Hyperliquid Strategies has both the mandate and the capital to buy the dip. Unlock sellers are selling into a bid from a company with billions in available capacity. That is not a fair fight.
The institutional momentum keeps building The unlock narrative misses the forest for the trees. While headline writers count newly released tokens, the actual trajectory of Hyperliquid is pointing sharply upward.
In the past month alone, several developments have reinforced the institutional case for HYPE. Hyperliquid Labs and Kraken parent Payward entered advanced talks to offer HYPE-linked perpetual futures to U.S. traders through CFTC-regulated exchange Bitnomial, according to Bloomberg. CME Group launched crypto indexes that include HYPE alongside BNB, XRP, and Solana. The Hyperliquid Policy Center asked the SEC and CFTC to create a framework for equity perpetuals, the first formal step toward bringing an entirely new asset class under regulatory oversight.
President Trump himself said during an August 19 White House meeting that the CFTC was working to bring Hyperliquid into the United States in a compliant fashion. A former SEC senior counsel estimated the regulatory process could take 10 to 12 months but noted that the path appeared genuinely underway.
None of this is priced into the unlock math. An unlock analysis that looks only at new supply without considering the demand from a Nasdaq-listed treasury company, a potential U.S. regulated futures listing, and CME-level institutional recognition is measuring one side of the equation and ignoring the other.
The HIP-3 equity perpetuals markets processed more than $480 billion in cumulative notional volume during their first 10 months. HIP-4 outcome markets tripled their volume after opening to outside deployers. Hyperliquid is building genuine product-market fit across multiple verticals while the market argues about whether a 9.92 million token unlock will crash the price.
How the vesting schedule actually works Understanding why unlocks have minimal impact requires understanding the mechanics of HYPE vesting.
HYPE’s maximum supply is 1 billion tokens. The initial distribution allocated 31% to a genesis airdrop in November 2024, with the remainder split among future emissions, core contributors, and the Hyper Foundation. Core contributor tokens vest over multiple years with periodic cliff unlocks rather than daily linear vesting.
This structure means tokens do not trickle into the market continuously. They become available in discrete batches at scheduled intervals, which is what creates the headline-generating moments. But the batch structure also means that holders who want to sell have to make a conscious decision to claim and transfer their tokens. Passive holders, which is most of them, simply leave tokens unclaimed.
The September 6 batch of 9.92 million tokens represents approximately 0.99% of maximum supply. In a token with $19.2 billion in circulating market capitalization and $865 million in 24-hour trading volume, a 1% supply increase is manageable even if every single token were sold immediately. And they will not be sold immediately.
The vesting schedule will continue producing periodic unlocks for years. Each one will generate the same headlines. And each one will likely produce the same result: a brief moment of uncertainty, minimal actual selling, and a return to the underlying trend determined by protocol fundamentals.
What to watch There are legitimate risks around token unlocks, and anyone holding HYPE should track them honestly rather than dismissing all supply concerns.
On-chain claim rates in the first 72 hours. The 1.75% claim rate after the March unlock is the benchmark. If September’s claim rate jumps to 5% or higher, that would signal a genuine change in holder behavior and warrant closer attention.
Assistance Fund buyback volume. The Fund’s daily purchases act as a natural floor under the price. If protocol revenue drops and daily buybacks fall below $500,000, the absorption capacity weakens. Track the Onchain Lens data for the Assistance Fund wallet.
Hyperliquid Strategies purchasing activity. The company’s SEC filings disclose HYPE acquisitions. If Hyperliquid Strategies pauses buying or signals a change in strategy, the institutional demand pillar weakens.
Exchange deposit flows from unlock wallets. Arkham Intelligence and similar platforms track whether newly unlocked tokens move to exchange deposit addresses. This is the single best real-time indicator of actual sell intent.
Broader market conditions. HYPE does not trade in a vacuum. If Bitcoin enters a sharp correction and risk assets sell off broadly, unlock sellers could amplify the downside. The unlock itself is not the risk. The unlock coinciding with external pressure is.
Daily trading volume relative to unlock size. With $865 million in daily volume, the market can absorb significant selling. If volume drops while unlock supply rises, the ratio shifts unfavorably.
Disclaimer:** This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto assets are volatile and carry risk of loss. Past performance does not guarantee future results. Published September 7, 2026.
What was the September 6, 2026, HYPE token unlock? Hyperliquid released approximately 9.92 million HYPE tokens from vesting contracts on September 6, 2026. At the market price of roughly $82.60, the batch was valued at approximately $820 million. The tokens became claimable by core contributors and ecosystem participants who had been subject to vesting schedules since the network’s launch.
Does a token unlock mean all those tokens will be sold? No. A token unlock makes previously locked tokens claimable, but it does not force holders to sell. After the March 2026 HYPE unlock, on-chain tracking showed that only about 1.75% of unlocked tokens reached exchanges within 30 days. Most recipients left their tokens untouched, staked them, or moved them to new wallets without selling.
Why does HYPE typically go up after token unlocks? HYPE has shown resilience during unlock events because of structural demand from the Assistance Fund buyback mechanism, accumulation by Hyperliquid Strategies, and the tendency of vesting recipients to hold rather than sell. When actual selling pressure is minimal and automated buying continues, the net effect of an unlock can be neutral or even slightly positive as uncertainty clears.
What is the Assistance Fund and how does it affect HYPE supply? The Assistance Fund is an automated protocol mechanism that uses 99% of eligible Hyperliquid trading fees to buy HYPE on the open market. Purchased tokens are permanently burned. By September 6, 2026, the Fund had burned 48.42 million HYPE, equal to 4.84% of maximum supply. At roughly $1 million in daily purchases, the Fund creates constant buying pressure that offsets unlock-related supply increases.
How does HYPE’s unlock impact compare to other major tokens? Large-cap tokens with strong fundamentals, including Solana, Arbitrum, and Optimism, have generally absorbed unlock supply without lasting price damage. Tokens that suffer from unlock dumps typically lack real revenue, have mostly airdrop-based holder bases, or release disproportionately large percentages of supply. HYPE’s combination of revenue-funded buybacks, committed long-term holders, and manageable unlock sizes places it among the more resilient tokens during vesting events.
What is Hyperliquid Strategies and why does it matter for unlocks? Hyperliquid Strategies is a Nasdaq-listed company that holds HYPE as its primary treasury asset. It held 29.3 million HYPE worth $1.9 billion as of June 30, 2026, and has a $2.5 billion equity facility for potential additional purchases. Its presence creates a large, well-capitalized buyer that can absorb any unlock-related selling pressure, effectively putting a floor under the token during vesting events.
How much HYPE has been permanently burned? The Assistance Fund had burned approximately 48.42 million HYPE tokens by September 6, 2026, representing 4.84% of the original 1 billion maximum supply. At a price of $85.50, that burned supply would carry a theoretical market value exceeding $4 billion. CoinGecko reflected this by listing HYPE’s fully diluted supply near 955 million tokens rather than the original 1 billion.
Should I buy or sell HYPE based on unlock events? Token unlocks are one factor among many that affect price. This article examines the historical pattern of HYPE unlock behavior and the structural mechanisms that influence supply and demand. Past performance during unlock events does not guarantee future results. Individual investment decisions should account for personal risk tolerance, portfolio allocation, and overall market conditions. This is educational analysis, not investment advice.
Should I buy or sell HYPE based on unlock events? Token unlocks are one factor among many that affect price. This article examines the historical pattern of HYPE unlock behavior and the structural mechanisms that influence supply and demand. Past performance during unlock events does not guarantee future results. Individual investment decisions should account for personal risk tolerance, portfolio allocation, and overall market conditions. This is educational analysis, not investment advice.
7 September 2026 | 11:13 U.S. inflation is the main market-wide risk this week, while policy decisions, security updates, network upgrades and migration deadlines could move several individual tokens.
Date Catalyst Main exposure September 10–11 U.S. PPI and CPI Bitcoin, altcoins, yields and the dollar September 10 ECB policy decision European markets and global risk appetite No fixed date Liquid incident resolution L-BTC, Liquid services and bridge confidence September 10–11 MultiversX and XRPL upgrades EGLD, XRP and network applications September 10 Harmony migration deadline ONE holders, applications and liquidity providers 1. U.S. inflation could move the entire crypto market The Bureau of Labor Statistics calendar places the August Producer Price Index release on September 10 and the Consumer Price Index on September 11. Both reports are scheduled for 8:30 a.m. ET.
PPI measures prices received by domestic producers, while CPI tracks prices paid by consumers. CPI normally has the stronger immediate influence on Federal Reserve expectations, but an unexpected PPI result could begin changing market positioning one day earlier.
The releases arrive shortly before the Federal Reserve’s September 15-16 meeting. Because the figures could alter expectations for that decision, Bitcoin’s historical reactions to Federal Reserve rate increases provide useful context for the connection between monetary policy and crypto prices.
Hotter inflation could push Treasury yields and the dollar higher if traders reduce expectations for monetary easing. Higher yields increase the return available from lower-risk assets, while a stronger dollar can tighten financial conditions for assets priced in the U.S. currency. Both developments can pressure Bitcoin and altcoins.
Softer inflation could lower yields and weaken the dollar, creating a more favorable environment for risk assets. The initial move may still prove temporary if the data do not materially change the expected path of interest rates.
That happened after the May 2024 CPI report was released on June 12. Bitcoin initially surged above $69,000 after inflation came in below expectations, but part of the advance faded as traders considered the Federal Reserve’s cautious outlook.
After this week’s releases, traders can distinguish a broader macro move by checking whether Bitcoin, two-year Treasury yields and the dollar move in consistent directions. Softer inflation accompanied by falling yields, a weaker dollar and gains across altcoins would provide stronger confirmation than an isolated Bitcoin spike.
2. The ECB decision could send conflicting signals The European Central Bank’s monetary-policy meeting concludes on September 10. The decision is due at 12:15 UTC, or 2:15 p.m. in Frankfurt, followed by a press conference.
The ECB does not usually influence crypto as directly as the Federal Reserve, but its decisions can move European bond yields, the euro and expectations for global liquidity.
A restrictive decision or unexpectedly hawkish guidance could lift regional yields and weigh on risk appetite. A dovish decision could support European assets through lower borrowing costs, but it could also weaken the euro and strengthen the dollar. Those opposing effects make the market’s response more informative than the rate decision alone.
The ECB raised its three key rates by 25 basis points in June, confirming that renewed inflation pressure can still produce a restrictive policy surprise. That decision provides policy context rather than proof that Bitcoin will respond in a particular direction this week.
Traders should compare the ECB statement with movements in EUR/USD, European yields and the dollar index. A Bitcoin move that occurs without corresponding changes in those markets would be more likely to have a crypto-specific cause.
3. Liquid’s repayment now requires on-chain proof The Liquid Network incident has no scheduled resolution, but a return of funds, publication of a technical postmortem or restoration of normal network activity could become a significant development during the week.
Liquid said approximately 4,000 BTC, valued near $320 million at the time, left its federation wallet. It also said the SideSwap Peg-Out Authorization Key and the federation’s other keys had not been compromised.
SideSwap said the L-BTC submitted through its service had been created through an Elements software vulnerability before the related peg-outs were processed. No complete public postmortem had independently established the full mechanism at the time of writing.
The unidentified parties controlling the Bitcoin claimed in on-chain messages to be white hats. They said they would return most of the funds after the vulnerability was patched, but that promise had not been completed or independently verified.
The distinction between a stolen key and a software failure matters. A compromised private key would mean an attacker obtained direct control over protected funds. A validation failure could allow an unauthorized state change even when the relevant keys continue functioning as designed.
A detailed examination of how 4,000 BTC left Liquid without a reported key compromise explains the known transaction sequence and the questions that remain unanswered.
The broader Bitcoin market would face greater risk if the funds began moving toward exchanges or services commonly used for liquidation. Without such movement, the immediate consequences remain more concentrated in L-BTC, Liquid-based services and confidence in federated bridges.
The 2022 Ronin bridge exploit provides a relevant comparison. RON fell about 20% after the breach was disclosed, while the most direct disruption remained within Ronin and its connected applications. Security incidents generally become market-wide risks only when losses, forced selling or technical concerns spread beyond the affected system.
For Liquid, the useful evidence would be confirmed repayment transactions, a reconciled reserve balance, publication of the vulnerability fix and the restoration of network and exchange services.
4. MultiversX and XRP Ledger face execution tests Two protocol changes are expected during the week, placing the immediate focus on whether both networks complete their upgrades without disruption.
MultiversX has scheduled its Supernova mainnet activation for September 10 at epoch 2233. The upgrade is designed to reduce block times from approximately six seconds to 600 milliseconds by separating consensus from execution.
If the activation succeeds, faster confirmation could make the network more suitable for applications requiring frequent or time-sensitive transactions. Its longer-term value to EGLD will depend on whether developers and users take advantage of that additional capacity.
The XRP Ledger could activate its fixCleanup3_3_0 amendment around September 11. The projected date remains conditional on validator support staying above the required threshold.
Under the XRPL amendment process, a proposal must retain supermajority support for two weeks before activation. The current voting position and projected date can be followed through the XRPScan amendment tracker.
The bundled fixes affect features including vaults, lending, automated market makers, permissioned trading infrastructure, checks and pseudo-accounts. It is primarily a maintenance amendment rather than a new source of XRP demand.
Ethereum’s 2022 Merge shows why technical execution and price performance must be judged separately. The network completed its transition to proof of stake, but ETH initially rose by around 2% before falling about 6% below its price at the time of the upgrade, according to Coinbase Institutional. Wider market conditions and existing trader positioning outweighed the successful deployment.
For both MultiversX and XRPL, activation is the first test. A lasting token-price effect would require the technical changes to produce greater usage, liquidity, transaction activity or fee generation.
5. Harmony users face an asset-access deadline Harmony has proposed retiring its mainnet and migrating ONE to Ethereum while redirecting the project toward AI-powered video infrastructure.
The proposals are nonbinding and may be revised. Their immediate importance comes from Harmony’s instruction for users to exit smart contracts before September 10 because multisignature wallets, liquidity pools and on-chain applications cannot be transferred automatically.
The proposal says its final-state calculation would cover wallet balances, staking delegations, validator rewards and ONE reported by centralized exchanges. Users should nevertheless verify how their wallet, exchange or application plans to handle the migration rather than assume every balance will receive identical treatment.
Liquidity providers may need to unwind positions, while application teams must determine whether balances and services can be moved safely. These actions could reduce on-chain liquidity or produce selling pressure even before the proposal reaches its final form.
Validators may stop operating from 7 a.m. Pacific Time on September 10 under the published plan. Declining validator participation could therefore become relevant before the network’s final block is established.
BNB Beacon Chain’s retirement shows why migration deadlines can matter long after a blockchain stops operating normally. BNB Chain provided a formal migration process, but users who missed the primary window later needed a dedicated recovery tool to move eligible assets.
For Harmony, the most useful indicators are validator participation, bridge availability, decentralized-exchange liquidity and updated instructions for assets remaining in smart contracts after September 10. ONE’s market price will show only part of the migration’s impact.
Inflation has the widest market reach U.S. inflation has the greatest potential reach because it can reprice interest-rate expectations across crypto, bonds, currencies and equities. The ECB decision is the secondary macro event, while Liquid carries the largest unresolved security risk.
Liquid, the two network upgrades and Harmony’s migration proposal have narrower exposure. Their effects should be assessed through fund movements, network performance and user access – not automatically treated as signals for the wider crypto market.
This article is for informational purposes only and does not constitute financial advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Senátorka Cynthia Lummis varuje, že pokud CLARITY Act neprojde tímto Kongresem, další šance na pravidla pro kryptotrh přijde až v roce 2030. Návrh je po schválení Sněmovnou v červenci 2025 v Senátu už více než dvanáct měsíců zablokovaný.
Key Points Wyoming Senator Cynthia Lummis cautions that missing this Congressional window on the CLARITY Act means waiting until 2030 for crypto market structure rules The legislation cleared the House in July 2025 but has remained gridlocked in the Senate for more than twelve months September 15 marks a crucial procedural vote, though observers doubt final approval before November’s midterm elections Ethics requirements pushed by Democratic lawmakers continue to block progress Bitcoin hovered near $79,000 while the Crypto Fear and Greed Index registered 75, signaling “greed” sentiment Wyoming’s Senator Cynthia Lummis is intensifying pressure on the Senate to advance the CLARITY Act, cautioning that inaction now threatens to freeze crypto regulation efforts for the remainder of the decade.
If the Clarity Act doesn’t pass this Congress, the next real opportunity to bring market structure legislation back up is 2030. That’s years of jobs, investment, and tax revenue we can avoid squandering if we finish this now.
— Senator Cynthia Lummis (@SenLummis) September 6, 2026
In a September 6 statement on X, Lummis emphasized that failing to move the CLARITY Act through the current Congressional session pushes the next viable opportunity for comprehensive market structure legislation all the way to 2030.
“By completing work on this legislation immediately, we prevent the loss of countless opportunities—jobs, investment capital, and government revenue,” Lummis stated.
Understanding the CLARITY Act’s Framework The CLARITY Act aims to eliminate regulatory ambiguity surrounding digital assets across the United States. The legislation establishes clear criteria for determining whether a digital asset qualifies as a security or commodity, while delineating jurisdictional boundaries between the SEC and CFTC for overseeing various asset categories.
Senator Lummis: Failure to Pass the CLARITY Act This Congress Could Delay the Next Opportunity Until 2030
U.S. Senator Cynthia Lummis said that if the CLARITY Act does not pass during the current Congress, the next real opportunity to advance market structure legislation may not… pic.twitter.com/jmZzheLTZz
— Wu Blockchain (@WuBlockchain) September 7, 2026
After securing House approval in July 2025, the legislation has languished in the Senate chamber for over twelve months without reaching a final floor vote.
The Senate calendar includes a procedural motion scheduled for September 15. However, this vote serves merely to determine whether deliberations can conclude and legislative proceedings can advance—it does not constitute final passage.
Republican Representative French Hill recently acknowledged that “negotiations have progressed to a meaningful stage,” though market watchers identify persistent roadblocks.
Remaining Legislative Roadblocks Democratic lawmakers continue insisting on the incorporation of ethics-related provisions as a prerequisite for their backing. These stipulations remain unresolved.
According to CoinDesk reporting, securing final passage ahead of November’s midterm elections appears virtually impossible. House leadership intends to schedule its concluding vote immediately following Senate action, just days before voters head to the polls.
Congressional terms operate on two-year intervals. Should the legislation fail to advance during the current session, it must be resubmitted entirely in the subsequent Congress, starting the process anew.
Lummis stands among the Senate’s strongest cryptocurrency advocates, having previously championed proposals to incorporate Bitcoin into America’s strategic reserve holdings.
Certain market observers contend that even with legislative postponement, near-term market consequences may prove minimal. Institutional investment has maintained momentum following spot Bitcoin ETF authorizations, while stablecoin regulatory frameworks progress through independent channels.
Current Cryptocurrency Market Conditions Bitcoin was changing hands near $79,000 on September 7, showing a modest 0.03% decline across 24 hours while posting 3.01% gains for the week.
Ethereum traded at $2,506, reflecting a 0.39% increase. Ripple sat at $1.41, experiencing a 0.47% decrease.
The Crypto Fear and Greed Index registered 75, firmly within “greed” parameters.
South Korean Bitcoin exchanges maintained a 1.48% premium, indicating slightly elevated prices compared to worldwide trading platforms.
BIS zahájila testy na XRP Ledgeru pro ověřování oficiálních statistik pomocí blockchainu. Cílem je nezměnitelně potvrdit původ a integritu zveřejněných dat.
The Bank for International Settlements (BIS) has initiated tests on the XRP Ledger (XRPL) to explore a blockchain-based system for verifying official statistics. The pilot aims to examine how efficiently the XRPL can anchor and authenticate statistical data, offering an immutable record without allowing any subsequent modifications to stored receipts.
Data authentication and blockchain technologyThe BIS working paper outlined two major advantages of the XRP Ledger: its low transaction fees and rapid consensus mechanism. Analysts also pointed to XRPL’s established operational history as a key factor driving the experiment.
According to BIS, the project is confined to handling statistical data, not payment or settlement functions. Researchers developed a proof-of-concept system that confirms the origination and integrity of disseminated official statistics through a metadata exchange.
By anchoring data on the XRPL, the BIS aims to ensure that published information can be independently verified, enabling users to check for any post-publication changes. This tamper-proof approach supports long-term data trustworthiness.
Ripple CEO Brad Garlinghouse remarked that growing institutional interest in XRPL does not come as a surprise. He emphasized the platform’s low fees, rapid settlement times, and proven record as essential qualities for such experiments.
Ripple’s leadership stressed the significance of the BIS partnership, noting that XRPL’s efficiency and reliability are among the primary drivers for institutions opting to test blockchain-based verification systems.
The BIS evaluation marks another step in the evolving adoption of blockchain solutions across traditional financial entities. While the current trials are strictly focused on statistical data rather than payment operations, the initiative underscores a broader industry movement towards distributed ledger technologies for secure data handling.
As discussions on tokenization gain momentum, traditional markets face a paradigm shift. Wall Street is increasingly engaging with Web3 technologies, with investors using platforms like 1stepSwap to directly hold tokenized shares of major U.S. companies, gold, and silver within their crypto wallets. By tokenizing real-world assets and leveraging algorithms that identify the best prices instantly, such platforms eliminate the need for intermediaries.
Technical approach: XRPL implementation detailsThe technical process at the center of the BIS’s trial involves converting each statistical data set into a unique cryptographic fingerprint, ensuring its integrity over time. Multiple fingerprints are combined using a Merkle tree structure, and the root value is then anchored on the XRPL for immutability.
Only the Merkle root is stored on-chain, utilizing XRPL’s validator-based consensus model rather than energy-intensive proof-of-work systems. This architecture ensures security and transparency while keeping operational costs low.
BIS researchers are continuing to assess the outcome of these ongoing tests. The decision on whether to proceed with a broader implementation or discontinue the project is expected soon.
The BIS project demonstrates how blockchain environments like the XRPL provide robust, tamper-proof methods for authenticating data, ensuring that official information remains reliable and unaltered after publication.
One billion tokens hit the open market on September 1. Instead of dumping, XRP rallied. The monthly escrow release that once spooked retail traders has become background noise for an asset that just logged its strongest on-chain quarter in years.
Summary
Ripple released 1 billion XRP (worth roughly $1.38 billion) from escrow on September 1, 2026, reducing locked supply to 31.28 billion tokens. XRP climbed 28.5% in August, its best August since 2021, touching $1.70 before settling near $1.42, absorbing the escrow release without flinching. Payment volume on the XRP Ledger surged 521% in a single week in late August, driven by larger institutional-scale transfers rather than retail activity. Spot XRP ETFs, approved in March 2026, pulled in $153.55 million in August alone, with $150.28 million arriving in the final two weeks. RLUSD, Ripple’s stablecoin, crossed $2.32 billion in market cap, cementing its position as the dominant stablecoin on XRPL and a growing force on Ethereum. For eight years, Ripple’s monthly escrow unlock has played out like clockwork. On the first day of every month, the XRP Ledger’s built-in escrow contracts release up to 1 billion XRP into Ripple-controlled wallets. Each time, a wave of anxious posts floods social media. Each time, traders brace for a dump that rarely arrives. And each time, the market moves on.
September 1, 2026, was no different in mechanics. Whale Alert flagged three transactions: 500 million, 400 million, and 100 million XRP, all released from escrow within minutes. The total haul was worth about $1.38 billion at the time. What was different, though, was everything around it.
XRP had just posted its best August in five years. Active addresses on the ledger were at all-time highs. Spot ETFs were pulling in nine-figure inflows. Ripple, freed from its four-year SEC battle, was signing deals with names like Deutsche Bank and JPMorgan. The billion-token release landed in a market that was not scared of it anymore, and for good reason.
This is the story of how the scariest thing about XRP became one of the least interesting.
The anatomy of a billion-token unlock The escrow program dates back to December 2017, when Ripple locked 55 billion XRP into time-based contracts on the XRP Ledger. The idea was straightforward: remove the supply overhang that critics used to argue XRP was centrally controlled. The protocol would release up to 1 billion tokens on the first of each month, and anything Ripple did not sell would go back into escrow at the end of the queue.
Nine years later, the program has released tens of billions of XRP. Ripple’s escrow balance has dropped from 55 billion to 31.28 billion as of the September release, according to crypto.news data on XRPL escrow mechanics. But the net effect on circulating supply has been modest. Ripple typically re-escrows 700 to 900 million XRP each month, leaving only 100 to 300 million for operational use, OTC liquidity deals, or institutional payments.
The math is simple. A billion tokens sound alarming. But when 70 to 90 percent go right back into lockup, the actual supply entering the market is a fraction of the headline number. Historical data backs this up: monthly escrow releases have produced average 7-day price swings of negative 3.1% to positive 1.7%, with 30-day volume bumps of 15 to 22 percent. Not nothing, but not the catastrophic sell events that early critics predicted.
Compare that to traditional equity markets. When a public company’s lockup period expires and insiders can sell, the stock often drops 5 to 15 percent in a single session. XRP’s monthly unlock is milder than a typical IPO lockup expiry. The difference is predictability. Everyone knows when the tokens are coming. Everyone knows how many. And everyone knows Ripple’s historical re-escrow behavior. There is no information asymmetry, which means there is no panic.
What changed in 2025 and 2026 is the market’s understanding of this pattern. Early on, every unlock triggered panic selling by traders who saw a billion-token dump incoming. Now the unlock is priced in, discussed in advance, and absorbed within hours. The September release barely moved the needle. XRP was trading at $1.38 when the tokens unlocked and was at $1.42 five days later.
August’s 28% rally and what powered it To understand why the escrow release landed softly, you need to understand what August looked like for XRP.
The token entered August near $1.10, having spent most of the summer in a grinding consolidation. By mid-August, something shifted. Whale accumulation picked up sharply. Spot ETF inflows, which had been trickling in since the March 2026 approvals, turned into a firehose. And on-chain metrics started flashing signals that had not appeared since the post-settlement euphoria of late 2025.
By August 28, XRP had touched $1.70, a 28.5% gain for the month and its strongest August performance since 2021. Nearly all the momentum arrived in the final two weeks, coinciding with $150.28 million in ETF inflows during that stretch. The total August ETF inflow figure hit $153.55 million, meaning the first half of the month contributed less than $4 million.
The pattern suggests institutional buyers, not retail speculators, drove the move. Retail volume on major exchanges actually declined slightly during the rally. The money came from funds, from ETF creation baskets, and from OTC desks serving institutional clients. That is a fundamentally different kind of buying pressure than the speculative waves that defined previous XRP rallies.
As of September 6, XRP sits near $1.42. It gave back some of the August gains, which is consistent with a historical pattern: in seven of the last eight years, XRP’s September has moved in the opposite direction of its August. Both times August rose, September fell, dropping 14% in 2020 and 19.6% in 2021. Whether that pattern holds this time depends on factors that previous Septembers did not have, including spot ETFs, institutional pipelines, and a Fed meeting on September 15 and 16 with fresh projections.
There is a reasonable argument that the seasonal pattern breaks this year. In 2020 and 2021, XRP had no ETFs, no regulatory clarity, and an active SEC lawsuit hanging over it. The buyers were almost entirely retail. This time, the August rally was driven by ETF creation baskets and OTC institutional flows. That type of capital does not rotate out on a monthly candlestick pattern. It stays because it was allocated with a multi-quarter or multi-year time horizon. The seasonal bears might be right on a short-term pullback, but calling for a 15 to 20 percent September decline requires ignoring every structural change that has happened in the past 12 months.
The 521% payment volume spike, explained On August 26, the XRP Ledger recorded a payment volume surge that grabbed headlines: a 521.1% increase, pushing daily payment volume to roughly 488.4 million XRP. Numbers like that sound transformative. The reality is more nuanced, but still meaningful.
The number of individual payment transactions actually fell 10.5% that day, to around 388,900. What spiked was the size of each transaction. Fewer payments, but each one carrying dramatically more value. This points to institutional or enterprise-scale activity: treasury movements, cross-border settlement batches, or large OTC transfers.
Crypto.news reported that XRP had its best month since the SEC settlement, and the on-chain data supports that framing. Active addresses on the XRP Ledger hit 2.26 million in August, more than double July’s 1.02 million. The 7-day moving average for daily active addresses reached 1.34 million, a new all-time high, surpassing the previous record of 1.22 million set in March 2025.
JUST IN: Ripple Prime expands HyperLiquid integration with HIP-3 symbols, institutions now get onchain perps for gold, silver & oil pic.twitter.com/bH77x5ClGu
— crypto.news (@cryptodotnews) March 31, 2026 Total value locked on the XRP Ledger rose from $32.31 million in July to $44.42 million in August. That figure looks small compared to Ethereum or Solana, but the trajectory matters more than the absolute number. XRPL was never designed to be a DeFi playground. Its core use case is payments, and the payment volume numbers tell a story of growing real-world usage at scale.
The 521% spike was not a sign that XRPL usage sextupled overnight. It was a sign that the entities using the ledger are moving bigger money. And bigger money, in the world of cross-border payments, is precisely what Ripple has been building toward for a decade.
Post-settlement Ripple is a different company On August 11, 2025, the SEC and Ripple Labs jointly dismissed their appeals, ending a legal battle that had consumed both parties since December 2020. Ripple paid $125 million in fines. XRP spiked 11% on the news. But the real impact was not the price jump. It was what happened in the months after.
The settlement preserved a crucial judicial ruling: XRP sold on public exchanges does not qualify as a security. Institutional sales remain subject to securities law, but the secondary market got a clean bill of health. That distinction gave XRP a level of regulatory clarity that most competing tokens still lack, and it opened doors that had been bolted shut for years.
Within months of the settlement, Ripple closed its $1.25 billion acquisition of Hidden Road, creating the first crypto-native global prime brokerage. The deal, announced in April 2025 and closed in October, brought clearing, financing, and multi-asset market access under the Ripple umbrella. Hidden Road, now operating as Ripple Prime, has tripled in size since the acquisition, with client collateral doubling and average daily transactions climbing past 60 million.
Ripple did not stop there. The company went on an acquisition spree, spending roughly $4 billion total on deals including GTreasury, Rail, Standard Custody, and Palisade. It secured conditional approval for a national trust bank. It raised at a $50 billion valuation. This is not the scrappy fintech startup that spent four years fighting the SEC. This is a company building a full-stack financial infrastructure play, and the settlement made all of it possible.
The ETF effect and institutional pipeline When the SEC approved multiple spot XRP ETFs in March 2026, skeptics wondered whether anyone would actually buy them. Bitcoin and Ethereum ETFs had the advantage of broad name recognition. XRP was the asset that had been labeled a potential security for years. Would institutional allocators touch it?
The answer came quickly. Within 60 days, cumulative inflows into spot XRP ETFs exceeded $1.5 billion, making them the fastest crypto ETF category to reach that milestone since the Ethereum ETF launch in 2024. Products from Bitwise, 21Shares, and Canary Capital led the pack.
The approval was made possible by two regulatory shifts. The CLARITY Act, which passed in early 2026, provided the legislative framework for digital commodity classification. And the SEC and CFTC jointly classified XRP as a digital commodity under the same framework used for Bitcoin and Ethereum spot ETFs. For institutional investors who had been waiting for unambiguous legal status before allocating, the ETF approvals were the green light.
The corporate treasury pipeline also opened. Evernorth now holds $1 billion in XRP reserves. Trident Digital Tech Holdings holds $500 million. Webus International added $300 million. These are not speculative bets by crypto-native funds. These are corporate balance sheet allocations, the kind of money that tends to stay put.
Institutional trading volumes spiked 208% following the settlement and ETF approvals, reaching $12.40 billion. That volume has not retreated much since. The market structure around XRP has shifted from retail-dominated to institutionally anchored, and that shift explains why events like the monthly escrow unlock barely register anymore.
RLUSD and the stablecoin flywheel Ripple’s stablecoin, RLUSD, launched in December 2024. By September 2026, it has reached a $2.32 billion market cap, with $963 million issued on the XRP Ledger and $1.1 billion on Ethereum. For context, it took USDC years to reach that level. RLUSD did it in under two years.
The growth is not accidental. Ripple wired RLUSD directly into its institutional infrastructure. Through Ripple Prime (the rebranded Hidden Road), RLUSD became the first stablecoin to enable cross-margining between digital assets and traditional markets. Institutional clients using Ripple Prime can post RLUSD as collateral for FX, derivatives, and fixed income trades. That is not a crypto use case. That is a capital markets use case, and it explains why the stablecoin is growing so fast.
Transfer volume hit $18.4 billion in Q1 2026 alone, with more than 55% of that activity concentrated in March. RLUSD now holds 88% of all stablecoin liquidity on the XRP Ledger. Partnerships with Mastercard, JPMorgan, OKX, and Ondo Finance have expanded its reach into spot trading, derivatives, and tokenized finance.
The flywheel works like this: more RLUSD adoption means more transaction volume on XRPL, which means more demand for XRP as a bridge asset, which attracts more institutional participants, who bring more RLUSD demand. Each piece reinforces the others. And unlike speculative token demand, stablecoin-driven demand tends to be sticky. Once a treasury operation is built around RLUSD rails, switching costs are high.
The partnership map Ripple’s partnership strategy in 2026 reads like a company that no longer needs to prove it belongs in traditional finance. It is already there.
February 2026 was the landmark month. Deutsche Bank integrated Ripple’s payment infrastructure for cross-border transfers and FX operations. Aviva Investors partnered to tokenize fund structures on the XRP Ledger. Societe Generale’s SG-FORGE launched its euro stablecoin EURCV on XRPL. Zand signed on for stablecoin solutions. Figment expanded custody services.
In July, the next wave arrived: Mastercard, JPMorgan, OKX, and Ondo Finance. Each partnership targets a different piece of the financial stack. Mastercard brings card network integration. JPMorgan brings interbank settlement. OKX brings exchange liquidity. Ondo Finance brings tokenized treasuries.
In Asia, Ripple secured its third Korean partnership with Jeonbuk Bank for cross-border transfers, following deals with K Bank and Kyobo Life Insurance. Ripple Payments now handles more than $15 billion a month through on-demand liquidity, working with over 300 institutions across 55 countries.
The XRP Ledger itself is evolving. Ripple’s FinTech Builder Program supports startups building institutional-grade applications on XRPL, providing structured support from product design through market launch. The ledger has processed 2 million AI-agent payments, a small but growing use case as autonomous agents need fast, cheap settlement rails. When two AI systems need to settle a microtransaction in under four seconds with fees measured in fractions of a cent, the XRP Ledger is one of the few networks that can do it without congestion or fee spikes. Upcoming protocol upgrades include enhanced privacy features, improved programmability, and greater interoperability with other blockchains using zero-knowledge technology, with on-chain lending as a major development focus.
The AI payments angle deserves attention. Ripple Payments handled $1.3 trillion in transactions in Q2 2025 alone, working with more than 300 institutions across 55 countries and moving roughly $15 billion a month through on-demand liquidity. If even a small fraction of AI-agent commerce routes through XRPL over the next two years, the transaction volume numbers will look very different than they do today.
Three conditions analysts say XRP needs for sustained recovery are all being met: regulatory clarity, institutional adoption, and network utility growth. The question is no longer whether XRP has a use case. It is whether the market will price the use case in before or after the next macro catalyst.
Why the escrow narrative died There was a time, not long ago, when Ripple’s escrow program was the single biggest bear case against XRP. Critics argued that 1 billion tokens hitting the market every month created permanent sell pressure. They pointed to Ripple’s balance sheet, which held (and still holds) billions of XRP, as evidence that the company was dumping on retail investors.
That narrative has collapsed for three reasons.
The re-escrow rate has been consistent. Ripple has re-locked 70 to 90 percent of every monthly release for years. The net addition to circulating supply is a fraction of the headline number. In January 2026, Ripple re-escrowed roughly 700 million of the 1 billion released. The pattern has been so consistent that it is now baked into every serious valuation model.
The market grew into the supply. When the escrow program started in 2017, XRP’s total market cap was a fraction of what it is today. A billion-token release represented a meaningful percentage of daily volume. Now, with XRP’s market cap around $82 billion and daily trading volume regularly exceeding $1 billion, the monthly release is proportionally much smaller. The market can absorb it without disruption.
Institutional demand created a floor. ETF creation baskets, corporate treasury allocations, and Ripple Prime’s collateral requirements all create ongoing demand for XRP. That structural demand did not exist in 2018 or 2020 or even 2024. It exists now, and it acts as a sponge for newly unlocked supply.
The escrow unlock is not bullish or bearish. It is a scheduled, predictable, well-understood event in a market that has moved far beyond the point where supply-side scares drive prices. The September 1 release proved it. A billion tokens were unlocked, and XRP went up.
What to watch The next few weeks will determine whether XRP holds its August gains or follows the historical September pattern of giving them back. Here are the signals that matter:
Fed meeting, September 15 to 16. The Federal Reserve’s September meeting includes fresh economic projections and a dot plot update. A dovish shift could fuel risk assets broadly. A hawkish surprise would pressure everything, including XRP.
ETF flow direction. August saw $153.55 million in inflows. If September maintains that pace, XRP likely holds above $1.35. If flows reverse, the $1.20 support level comes into play.
RLUSD market cap trajectory. The stablecoin crossing $2.5 billion would signal continued institutional adoption. A stall or decline would raise questions about the sustainability of the XRPL flywheel.
On-chain activity. Active addresses staying above 1.3 million on a 7-day average would confirm that August was a structural shift, not a temporary spike.
Ripple Prime volume. Hidden Road’s rebranded prime brokerage is processing 60 million daily transactions. Growth in that number is a direct proxy for institutional engagement with the Ripple ecosystem.
October 1 escrow release. Another billion tokens will unlock. The market’s reaction, or lack of reaction, will confirm whether the escrow narrative is truly dead or merely dormant.
Disclaimer: This article is for informational and educational purposes only. It does not constitute financial, investment, or legal advice. Cryptocurrency investments carry significant risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Published September 7, 2026.
How much XRP did Ripple unlock from escrow on September 1, 2026? Ripple released exactly 1 billion XRP from escrow on September 1, 2026, in three separate transactions of 500 million, 400 million, and 100 million tokens. At the time of release, the tokens were worth approximately $1.38 billion. Ripple’s total escrow balance dropped from 32.28 billion to 31.28 billion XRP as a result.
Does the monthly escrow unlock crash XRP’s price? Historical data shows that monthly escrow releases produce average 7-day price swings of negative 3.1% to positive 1.7%. The September 2026 release had essentially no negative impact, with XRP trading higher five days after the unlock. Ripple typically re-escrows 700 to 900 million XRP each month, so the net supply entering the market is 100 to 300 million tokens, not the full billion.
What are XRP spot ETFs and how much money have they attracted? The SEC approved multiple spot XRP exchange-traded funds in March 2026, including products from Bitwise, 21Shares, and Canary Capital. Within 60 days, cumulative inflows exceeded $1.5 billion. In August 2026 alone, spot XRP ETFs attracted $153.55 million in new investment, with the majority arriving in the final two weeks of the month.
What is RLUSD and why does it matter for XRP? RLUSD is Ripple’s USD-backed stablecoin, launched in December 2024. It has reached a $2.32 billion market cap, with tokens issued on both the XRP Ledger and Ethereum. RLUSD matters because it drives transaction volume on XRPL, creates demand for XRP as a bridge asset, and serves as institutional collateral through Ripple Prime. It holds 88% of all stablecoin liquidity on the XRP Ledger.
How did the Ripple SEC settlement affect XRP? The SEC and Ripple jointly dismissed their appeals in August 2025, ending a legal battle that began in December 2020. Ripple paid $125 million in fines. The settlement preserved a key ruling: XRP sold on public exchanges is not a security. This gave XRP regulatory clarity that most competing tokens lack and opened the door for ETF approvals, corporate treasury allocations, and institutional adoption at scale.
What caused the 521% payment volume surge on the XRP Ledger? On August 26, 2026, payment volume on the XRP Ledger spiked 521.1% to roughly 488.4 million XRP. The surge was driven by larger individual transactions rather than more transactions (the number of payments actually fell 10.5%). This pattern suggests institutional or enterprise-scale activity, such as treasury movements or cross-border settlement batches, rather than a broad increase in retail usage.
What is Ripple Prime and how does it relate to XRP? Ripple Prime is the rebranded Hidden Road, which Ripple acquired for $1.25 billion in 2025. It is the first crypto-native global prime brokerage, offering institutional clients clearing, financing, and access to FX, derivatives, fixed income, and digital asset markets. Hidden Road migrated its post-trade activity to the XRP Ledger and uses RLUSD for cross-margining, creating structural demand for both XRP and RLUSD.
Is XRP a good investment right now? XRP is in a stronger structural position than at any previous point in its history, with regulatory clarity, approved spot ETFs, institutional adoption, and growing network utility. The token trades near $1.42 as of September 6, roughly 57% below its July 2025 cycle high of $3.65. Whether it represents a good investment depends on individual risk tolerance, time horizon, and portfolio allocation strategy. This is educational analysis, not investment advice.
Is XRP a good investment right now? XRP is in a stronger structural position than at any previous point in its history, with regulatory clarity, approved spot ETFs, institutional adoption, and growing network utility. The token trades near $1.42 as of September 6, roughly 57% below its July 2025 cycle high of $3.65. Whether it represents a good investment depends on individual risk tolerance, time horizon, and portfolio allocation strategy. This is educational analysis, not investment advice.
Key Takeaways On September 1, 2026, Ripple executed its monthly escrow release of 1 billion XRP tokens valued at approximately $1.38 billion, leaving 31.28 billion tokens still locked. August 2026 saw XRP climb 28.5%, marking its strongest August performance since 2021, with prices reaching $1.70 before stabilizing around $1.42. The XRP Ledger experienced a massive 521% surge in payment volume during a single week in late August, primarily from large-scale institutional transactions. XRP-focused spot ETFs attracted $153.55 million throughout August, with the majority of capital flowing in during the month’s second half. Ripple’s stablecoin RLUSD surpassed $2.32 billion in market capitalization, establishing itself as the leading stablecoin on the XRPL ecosystem. On the first day of September 2026, Ripple executed another scheduled release of 1 billion XRP tokens from escrow. The market barely flinched.
What traders once viewed with apprehension has evolved into routine market activity. The unlock occurred through three separate transactions totaling 500 million, 400 million, and 100 million XRP, all executed within a narrow timeframe. Combined, these tokens represented approximately $1.38 billion in value. When the release occurred, XRP traded at $1.38, and by five days afterward, the price had climbed to $1.42.
Ripple initiated this escrow mechanism in December 2017, securing 55 billion XRP in time-locked smart contracts designed to address market concerns regarding supply concentration. The protocol releases up to 1 billion tokens monthly, though Ripple routinely places 700 to 900 million back into escrow, resulting in just 100 to 300 million entering actual circulation.
This structure means the genuine monthly supply increase represents only a small percentage of the announced figure. Analysis of past releases reveals that 7-day price fluctuations typically range from -3.1% to +1.7%. Currently, 31.28 billion tokens remain secured in escrow contracts.
August Performance Established Bullish Momentum XRP began August trading near $1.10 and surged 28.5% through month’s end, briefly touching $1.70 on August 28. This represented the token’s most impressive August performance in five years.
XRP Price Institutional capital, rather than retail speculation, powered this upward movement. Spot XRP ETFs, which received regulatory approval in March 2026, accumulated $153.55 million throughout August, with $150.28 million of that total arriving exclusively during the month’s final fourteen days. Meanwhile, retail trading volume on traditional exchanges experienced a slight contraction during the same rally period.
Total ETF inflows have now reached $1.68 billion since inception, with aggregate net assets standing at $1.48 billion. On September 4, XRP ETF products registered zero net daily flows, though asset values remained stable.
$XRP LOOKS INCREDIBLE. 🔥🔥
The macro downtrend is broken.
The rounded bottom is complete.
Multiple measured moves point toward the same target.
RECLAIM $1.50 AND $2.30 WILL COME FASTER THAN EXPECTED. 💥📈 pic.twitter.com/y1qlF3yFE2
— XRP Update (@XrpUdate) September 6, 2026
Network Activity Reaches Unprecedented Heights The XRP Ledger saw active addresses climb to 2.26 million during August, representing more than a 100% increase from July’s 1.02 million figure. The rolling 7-day average for daily active addresses achieved 1.34 million, establishing a new all-time peak.
Payment volume exploded 521% within a single week during late August, driving daily transaction volume to approximately 488.4 million XRP. Interestingly, the total count of individual transactions decreased 10.5%, indicating that fewer but substantially larger transfers occurred — a characteristic signature of institutional or enterprise-level operations.
Total value locked within the XRPL ecosystem expanded from $32.31 million in July to $44.42 million by August’s conclusion.
Market analyst Celal Kucuker shared on X that XRP’s technical structure “looks amazing,” identifying multiple chart formations all converging on a $2.30 price target, suggesting this level “could come sooner than expected” should XRP successfully reclaim the $1.50 threshold.
As of September 7, XRP maintains its position near $1.42, successfully defending the critical $1.40 support zone. The Senate postponed consideration of the CLARITY Act once more before entering recess, introducing additional regulatory ambiguity. Legislative sessions resume September 14, with the Federal Reserve scheduled to convene September 15–16.
Flap na BNB Chain spustil Permissionless Launch, který umožňuje tvůrcům nasazovat vlastní tokenové trhy bez spoléhání na předem definovaná kotovací aktiva. Současně mohou při spuštění nastavovat i peněženky, distribuci dividend, burn a likviditu.
Flap Removes Gatekeeping From Token Market CreationFlap (flap.sh) has rolled out a Permissionless Launch feature on BNB Chain, giving project creators the freedom to design and deploy their own token markets without relying on predefined quote assets. The update marks a meaningful expansion of the platform's toolkit, removing one of the more common friction points for anyone looking to launch a new market on-chain.
Under the new feature, creators can select custom quote tokens when setting up a market. Supported options span real-world assets (RWAs), blue-chip cryptocurrencies, and trending meme tokens, broadening the range of trading pairs that can be built natively on the platform.
Programmable Mechanics for CreatorsBeyond quote token flexibility, the feature ships with a set of programmable controls. Creators can configure dedicated wallets, set dividend distributions, enable token burns, and manage liquidity parameters directly at launch. Together, these tools give teams more direct control over how their token economy is structured from day one.
Flap describes itself as programmable token infrastructure. Instead of one fixed bonding-curve format, creators pick modules such as tax tokens, custom quote assets, and reward mechanics, then assemble a launch from those components. The platform is particularly known for creator revenue sharing and tax token standards.
Flap is backed by Yzi Labs, the venture firm formerly known as Binance Labs. Yzi Labs introduced a $1 billion Builder Fund for projects building on BNB Chain, targeting sectors including trading, RWAs, AI, DeFi, and wallets. That backing places Flap within a well-resourced ecosystem built around the $BNB network.
The platform currently runs on multiple networks, including BNB Chain, X Layer, Monad, and Morph. The Permissionless Launch feature, however, is focused on BNB Chain, where some of the platform's most prominent meme tokens, including Broccoli, Moolah, and Froggie, originated.
The move reflects a broader push across the BNB Chain ecosystem to make token creation more accessible and composable, with infrastructure that can accommodate a wider range of asset types and community-driven projects.
Sources
Flap on BNB Chain DappBay | CoinDesk: YZi Labs $1B BNB Chain Fund | IQ.wiki: Flap Protocol Overview
