XRP is drawing renewed attention from analysts as anticipation grows for a potential breakout after weeks of sideways price action. Crypto analyst Steph Is Crypto, a social media commentator known for technical analysis, has highlighted a series of price levels that could signal a sharp upward move if crossed in the coming days.
Technical signals on the 8-hour chartIn his recent analysis, Steph points to the consolidation seen on XRP’s 8-hour chart following a significant rally. He identifies the current structure as forming a bull flag or bull pennant, which he views as a classic continuation pattern in technical analysis.
Steph emphasizes $1.43 as the most important resistance for traders to watch. He asserts that two consecutive 4-hour closes above this level would act as confirmation of a breakout. Should this occur, his immediate target is $2.10, which would represent a 56% increase from current price levels.
On the chart, the structure looks like a bull flag and, typically, that’s a continuation pattern. Closing above $1.43 on two 4-hour candles would confirm the breakout, and I expect a move toward $2.10.
Conversely, Steph highlights $1.30 as the key downside level. He describes this as “the level that should hold at all costs,” warning that any drop below could pave the way for a deeper correction. However, his primary scenario remains bullish unless $1.30 is lost.
Weekly timeframe and long-term targetsLooking at the broader picture, Steph observes that XRP has been stuck in a compression pattern since the start of the bear market in July last year. A large weekly candle has recently broken above this structure, which he interprets as a significant shift in market momentum.
Within this longer timeframe, Steph identifies the top of a falling wedge pattern at about $3.68. While he cautions that reaching this price is not expected in a single move, he does believe XRP has the potential to set a new all-time high before year end if bullish momentum continues.
Mini dictionary: Bull flag / pennant – A technical chart pattern observed after a strong upward move, typically indicating consolidation before a continuation of the trend.
Retail sentiment and market dynamicsSteph highlights retail traders’ behavior as a key factor in the current opportunity. He notes that, after XRP spiked near $1.70 last week, many retail participants exited the market. Since then, with trading volumes muted and focus shifting elsewhere, the consolidation has continued largely unnoticed.
Retail gave up after the initial rally to $1.70 and left the market. While attention remains low, the chance for a significant move is only growing.
He argues that this lack of retail participation may allow those remaining to benefit more if a breakout unfolds.
Crucial levels to watchThe primary focus of Steph’s analysis rests firmly on two price levels. Confirmation of a bullish breakout requires XRP to sustain above $1.43, which could spark considerable upward momentum toward $2.10. On the other hand, any retracement below $1.30 could undermine the positive setup and signal a change in trend direction.
Key LevelImplicationShort-term Target if Broken$1.43 (upside)Confirms breakout$2.10$1.30 (downside)Critical supportOpens risk of larger dropSteph concludes that XRP’s decisive move could arrive soon, urging observers to monitor these levels for the next significant development.
XRP has exhibited a repeating market pattern over recent years, according to chart analysis shared by crypto analyst Thea Grace X. Reviewing price history from 2017 and projecting through 2028, Grace outlined a distinct cycle across major bull runs. In each case, XRP first reached a significant peak, followed by a sharp pullback, then a temporary rally she characterizes as a bull trap, before finally declining further to a key support area she terms the “launchpad.”
The bull trap phaseGrace observed that past market cycles for XRP included a deceptive rally following the initial decline, which often appeared to signal recovery. Instead, these counter-trend rallies resulted in new lows. In 2018, XRP’s bull trap retraced 103.78%. The 2021 cycle produced a retracement of 176.42%, and in the most recent cycle, XRP has already seen a 72.79% retracement.
XRP recently surged more than 50% in just 65 hours, with the total upward move exceeding 70%. Grace classified this rebound as consistent with previous bull trap phases. She emphasized that XRP “is still in that phase” and further noted, “We’re not at the launchpad yet.”
Every XRP bull run began from the same launchpad. Each correction produced fake bottoms that resembled bull traps. The cycle completed only after the range broke and the real bottom formed. XRP remains in that corrective stage, not yet at the launchpad level.
The $0.50 launchpad and price outlookGrace identified the launchpad area near $0.50, a level XRP has not seen since its dramatic surge of 500% in late 2024. Current prices remain well above that proposed support, implying that a further drop would be necessary to reach the accumulation zone highlighted in her charts. In both previous cycles, XRP only began a strong new uptrend after a significant retracement to the base of the range, marked visually by green accumulation zones.
Her analysis suggests the current sharp rally represents a transitional stage. While the bull trap appears strong, she indicated that history points to lower levels forming before any durable recovery can begin.
Historical structure shows that each prior XRP advance required a full retracement to the launchpad area. These accumulation regions set the stage for major breakouts but required patience during periods of decline.
Potential opportunity for buyersShould XRP fall back toward the $0.50 launchpad, Grace sees this as a potential long-term buying opportunity. Other market analysts have presented less severe downside targets, with some not expecting a drop below $0.65. However, Grace argued that only a deeper move to the $0.50 zone would complete the pattern seen in earlier cycles.
If the corrective structure plays out as before, a decline of this magnitude could shake out many speculative investors, but also provide an attractive entry point for those seeking exposure ahead of a possible new rally. Previous launchpad formations occurred before the largest percentage moves in XRP’s history; the 2018 launchpad was followed by a 10x gain, while the 2020 structure preceded the 2021 bull run peak.
Given the speed and volatility of crypto markets, traders increasingly turn to tools that provide comprehensive coverage in real time. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users can access real-time charts, smart price alerts, coin-specific news, and critical macro data on a single screen, making it easier to monitor key support levels and possible launchpads.
TLDR: XRP reserves on Binance dropped from 3.1 billion to 2.6 billion tokens since November 2025. Roughly 500 million XRP left Binance even as the XRP price fell 63% from its 2025 peak level. The launch of spot XRP ETFs in late 2025 may have driven part of the reserve outflow seen. XRP trades near $1.34, consolidating between its 20-week EMA and 50-week EMA resistance levels. XRP reserves on Binance have declined to levels last seen in February 2024, according to on-chain data. Roughly 500 million XRP have left the exchange over the past year.
The outflow persisted even as the XRP price fell from a high of $3.66 to near $1.35, marking a 63% drawdown. Analysts point to long-term accumulation and the launch of spot XRP ETFs as possible drivers behind the shrinking reserves.
Binance XRP Reserves Fall to Multi-Year Low The monthly average of XRP reserves held on Binance has fallen sharply since late 2025. Between November 2025 and today, that average dropped from 3.1 billion to 2.6 billion XRP.
This represents an outflow of roughly 500 million tokens. Analyst Darkfost tracked this movement closely on social media this week.
Darkfost observed that Binance reserves tend to rise during XRP price rebounds. Reserves then decline again during each following retracement, based on the data reviewed.
🗞️ 500 Million XRP Have left Binance as reserves shrink to levels not seen since 2024
While XRP closed the month with a performance of nearly 30%, XRP reserves on Binance continue to decline.
The monthly average of XRP reserves held on Binance has now reached such a low level… pic.twitter.com/Ox9KPwCxPg
— Darkfost (@Darkfost_Coc) September 1, 2026
This pattern suggests some investors move tokens off exchanges during downturns. It may reflect a growing preference for self-custody among holders.
The reserve decline also lines up with the launch of spot XRP ETFs. Those products debuted in November and December of 2025.
ETF issuers may have needed to acquire XRP on the open market. That buying pressure could account for part of the recorded outflow.
Exchanges also shift reserves based on routine withdrawal and deposit activity. Some of the decline may reflect operational adjustments rather than pure accumulation.
Still, the scale of the movement points to more than short-term noise. Sustained reserve outflows are often viewed as a constructive long-term signal.
XRP Price Tests Support Near Key Moving Averages XRP traded at $1.34 at the time of writing, down 2.85% over the past day. Trading volume reached close to $1.95 billion during that same period.
Source: CoinGecko
The token has also fallen 8.10% over the past seven days. That pullback comes despite XRP posting close to 30% gains for the month.
Trader ChartNerd pointed to two recent rejections at the 50-week EMA near $1.53. That level has served as resistance on recent attempts to move higher.
The 20-week EMA, currently around $1.27, could act as support. A break below $1.36 on lower timeframes may bring that level into play.
Zooming out; after two rejections at the 50 week EMA ($1.53), $XRP's 20 week EMA ($1.27) could also act as a local support floor for if lower timeframe support is lost at $1.36. It's relatively common to crab/compress between these EMA's before a directional break is confirmed.… https://t.co/cc9NXvLkZ7 pic.twitter.com/yDO85KXUBT
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) September 1, 2026
Price compression between two moving averages often precedes a directional breakout. Traders watching XRP reserves and price action call this pattern fairly common.
XRP appears to be consolidating within this broader range for now. A confirmed move beyond either average would likely draw fresh trader attention.
Falling XRP reserves alongside price consolidation create a mixed near-term picture. Reserve trends tend to carry more weight over longer time horizons than daily swings.
Traders continue watching the $1.27 to $1.53 range for the next signal. How XRP reserves evolve from here may shape sentiment into the next quarter.
XRP reserves held on Binance have dropped sharply, reaching their lowest point since February 2024. Recent on-chain data show a decline of nearly 500 million tokens over the past year, with reserves falling from 3.1 billion in November 2025 to just 2.6 billion at the start of September 2026.
Reserves decline as ETFs launch and self-custody risesDuring this period, XRP’s price fell by 63%, sliding from a high of $3.66 to around $1.34. Despite the steep price drop, the reduction in reserve holdings on Binance continued, suggesting that the outflow was not directly tied to price performance.
Analyst Darkfost, who tracks XRP flows closely, highlighted on social media that Binance’s XRP reserves rise when the token rebounds in price but tend to decrease as corrections set in. This pattern has been consistent in recent quarters.
Darkfost noted that while XRP closed the month with close to 30% gains, reserves at Binance continued to dwindle, falling to multi-year lows despite improved price action.
Some analysts attribute part of the outflow to the launch of spot XRP exchange-traded funds (ETFs) in late 2025. These investment vehicles may have prompted issuers to purchase large amounts of XRP on the open market, reducing the pool of tokens kept on exchanges.
A portion of the reserve decline may also reflect shifting preferences among holders. Many investors are moving coins off exchanges into self-custody solutions, limiting their exposure to third-party risk.
Binance, the world’s largest cryptocurrency exchange by trading volume, frequently adjusts reserve levels based on user withdrawals and deposits, as well as broader operational needs.
Mini dictionary: Spot XRP ETF, an investment fund that holds XRP and is listed on a regulated exchange, allowing investors to gain price exposure without direct custody of the cryptocurrency.
Consistent net outflows from exchange reserves are commonly perceived as a long-term bullish indicator, especially if driven by strong investor accumulation or growing institutional interest.
PeriodBinance XRP ReservesXRP Price HighXRP Price (now)Nov 20253.1 billion$3.66—Sep 20262.6 billion—$1.34XRP price trades within key moving average rangeXRP currently trades near $1.34, reflecting a 2.85% daily decline and an 8.1% loss over the past week. However, despite shorter-term volatility, XRP gained nearly 30% for the month, signaling renewed interest after a prolonged downtrend.
Technical analyst ChartNerd identified resistance at the 50-week exponential moving average (EMA) near $1.53. Several attempts to surpass this level were rejected, capping upside momentum for now.
Support appears to be holding near the 20-week EMA around $1.27. Should XRP break below $1.36, traders are watching for a move closer to this lower band.
ChartNerd observed that XRP has been “compressing” between the 20-week and 50-week EMA, a setup that often precedes a sharp move in either direction.
Trading volume for XRP was just under $2 billion in the past 24 hours. Many market participants are closely monitoring the ongoing exchange reserve outflows alongside this price consolidation.
Some traders argue that longer-term exchange reserve trends tend to be more significant for price discovery than short-term swings. The direction of reserves into the next quarter may help shape broader sentiment and trading dynamics for XRP.
Ripple has re-locked 700 million XRP into escrow after releasing 1 billion tokens through its scheduled monthly process. The transactions show 500 million and 200 million XRP returning to escrow following the earlier release.
The two re-locked batches were worth about $952 million combined, based on transaction values reported by Whale Alert. Meanwhile, the XRP price has fallen about 3% to $1.34 as the broader crypto market faces renewed selling pressure.
Ripple Re-Locks 700 Million XRP After Monthly Release According to blockchain tracker Whale Alert, Ripple has locked 500 million XRP, valued near $680.2 million, back into escrow. A separate transaction has placed another 200 million XRP, worth about $272 million, into escrow.
XRPL transaction data shared by community validator Vet also identifies two EscrowCreate transactions covering the same amounts. The transactions account for 700 million XRP returned to Ripple’s escrow system.
The activity has followed Ripple’s regular monthly release of 1 billion XRP. The earlier unlock occurred through three transactions containing 500 million, 400 million, and 100 million tokens.
Before the subsequent re-lock transactions, the release had reduced Ripple’s remaining on-chain escrow balance to about 31.28 billion XRP. That amount represents roughly 31.28% of XRP’s original 100 billion token supply.
What Happened to the Remaining 300 Million XRP? The transaction sequence leaves a net 300 million XRP outside the newly created escrow contracts. Vet described that amount as typical for Ripple’s monthly escrow process and identified it in a Ripple-controlled wallet.
Some social media reports have claimed that Ripple re-locked the entire 1 billion XRP release. However, the two XRPL transactions cited by Vet account for 700 million XRP.
Ripple has been using its escrow system to manage scheduled XRP releases for several years. Unused portions of monthly releases can be placed into new escrow contracts with later release dates.
The mechanism makes the scheduled supply available on-chain, although an unlock does not mean all released tokens enter exchanges. Re-locking part of the amount removes those tokens from the immediately available supply again.
XRP Price Falls With Broader Crypto Market XRP price has dropped about 3% to $1.34 at press time, according to CoinMarketCap. The decline is occurring alongside a wider cryptocurrency sell-off rather than directly following the escrow transactions alone.
Bitcoin has fallen below $77,000 as markets react to escalating tensions between the United States and Iran. The broader decline has also created selling pressure across several major crypto assets.
Meanwhile, crypto lawyer Bill Morgan has disputed claims that Ripple’s regular escrow distributions directly caused XRP price declines. He said XRP has been falling alongside Bitcoin and broader crypto market sentiment.
Robinhood’s Ethereum Layer-2 blockchain generated roughly $2.2 million in revenue in a single day, putting it on an annualized pace of around $800 million just two months after its public launch. For a chain that was supposed to be about tokenized stocks and serious DeFi, the revenue engine looks a lot more like a memecoin casino.
On August 30, 2026, applications on Robinhood Chain pulled in approximately $2.66 million in daily revenue, a figure that surpassed Ethereum’s own app revenue for the same day. Only Solana generated more. The chain also recorded 5.52 million transactions that day, a volume that would have been eye-popping for most established Layer-2 networks, let alone one that has been live for barely eight weeks.
The memecoin surprise Robinhood Chain launched its public mainnet on July 1, 2026, built on Arbitrum technology with a stated focus on tokenized equities and real-world assets. The pitch was straightforward: bring traditional finance rails onto a fast, cheap Ethereum Layer-2 and let retail investors trade stocks as tokens alongside DeFi protocols.
Advertisement
The actual usage tells a different story. The three biggest revenue-generating applications on the chain are GMGN, Pons, and Uniswap, with memecoin-focused tools dominating the revenue leaderboard.
Revenue in context A key distinction worth understanding: the $2.66 million figure represents application-level revenue, meaning the fees and income generated by apps running on Robinhood Chain. The chain-level revenue, what actually flows to the network itself, is estimated at around $963K before costs and revenue-sharing obligations.
Under the Arbitrum Expansion Program, Robinhood Chain allocates 10% of net protocol revenue back to the Arbitrum ecosystem. That breaks down to 8% directed to the Arbitrum DAO treasury and 2% to developers. So for every dollar the chain earns at the protocol level, roughly a dime goes back to the technology stack that makes it possible.
During its first full month of operations in July 2026, Robinhood Chain captured approximately 38% of total Ethereum Layer-2 fees, pulling in around $3.6 million. That’s a newcomer grabbing more than a third of the entire L2 fee market within weeks of going live.
For Robinhood the company, the L2 represents a potentially transformative new business line. Robinhood reported $2.95 billion in total net revenue for 2025, so a blockchain division running at even a fraction of that annualized pace would move the needle.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
U.S. spot Ethereum ETFs recorded net positive inflows as September trading opened, giving ETH markets an early signal that institutional demand has not faded after a volatile end to August.
The inflows matter because Ethereum ETF products are still newer and more closely watched than their Bitcoin counterparts. Bitcoin ETFs have already become a major part of the market structure, while Ethereum funds are still building their identity with traditional investors.
A positive September opener does not settle that debate. But it does show that regulated ETH products remain active as the market enters a new trading month.
For more details, visit the official Farside platform.
TL;DR U.S. spot Ethereum ETFs opened September with net positive inflows. The data points to continued institutional activity around ETH. This should be read as a daily flow signal, not a complete verdict on long-term demand. Why Ethereum ETF Flows Matter ETF flows have become one of the clearest ways to track regulated crypto demand.
When spot funds attract money, traders often see that as a sign that institutional or advisory-channel investors are adding exposure. When funds lose assets, the market may read it as risk reduction or profit-taking.
Ethereum flows are especially important because the ETH investment case is less straightforward than Bitcoin’s.
Bitcoin is usually presented as a monetary asset. Ethereum is a network asset tied to smart contracts, decentralized finance, Layer 2 activity, stablecoins, and tokenization. That means traditional investors may need more time to understand what they are buying.
Positive inflows suggest that process is continuing.
September Gives The Market A New Reset Month openings can be useful sentiment markers.
Portfolio managers rebalance. Traders reset positioning. New macro data approaches. Fund flows can shift as investors decide whether to add risk, reduce exposure, or wait.
For Ethereum ETFs, a positive start to September helps offset concerns that late-August volatility would cool demand too sharply.
It does not guarantee a strong month ahead. But it means the first signal was not a retreat.
That matters for ETH sentiment.
Ethereum Still Needs A Clear Institutional Story Ethereum has several narratives competing for investor attention.
Some investors see ETH as exposure to DeFi. Others see it as tokenization infrastructure. Some view it as a settlement layer for stablecoins. Others look at staking economics, network fees, or Layer 2 growth.
The ETF wrapper makes access easier, but it does not automatically simplify the story.
That is why flows are so closely watched. They show whether investors are actually moving capital into ETH products rather than simply talking about Ethereum’s long-term role.
Not The Same As Bitcoin ETF Demand Ethereum ETF inflows should not be blended with Bitcoin ETF data.
The two markets are related, but they are not identical. Bitcoin and Ethereum attract different investor profiles, different narratives, and different risk assumptions. A positive ETH flow day does not automatically mean Bitcoin funds behaved the same way, and vice versa.
The cleaner view is to track each category separately.
Ethereum’s September opener gives ETH its own regulated-demand signal.
The Market Read Ethereum ETFs began the month with a constructive flow print.
That is useful for traders watching whether ETH can maintain institutional attention. The next question is whether inflows continue across multiple sessions or whether this becomes a one-day rebound.
Daily ETF flows can turn quickly.
But after a choppy August, a positive September start gives Ethereum bulls something tangible to point to: regulated products are still drawing money.
This article draws on U.S. spot Ethereum ETF flow data from Farside Investors.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) slid Tuesday after President Trump announced U.S. strikes on Iranian targets near the Strait of Hormuz and warned of a larger attack to come.
Trump posted on Truth Social that the U.S. is striking Iranian targets near the Strait of Hormuz in retaliation for Iran attempting to place sea mines in the waterway and firing eight missiles at a US military base in Jordan.
The Kobeissi Letter flagged on X that Brent crude spiked toward $96 per barrel on the news, up nearly 5% on the session.
With oil and yields rising simultaneously, the Dow, S&P 500 (NYSE:SPY), and Nasdaq all traded lower, putting global risk-off firmly back on the table and creating the worst possible setup for risk assets heading into the session.
What Analysts Are Saying About YieldsPeter Schiff posted on X that as long as deficit spending continues, the Fed will keep printing money and buying Treasuries, meaning small rate hikes will not reduce inflation but instead fuel it by widening budget deficits further.
Trending
As Coindesk reported, notable Bitcoin analyst James Lavish commented on a key global bond yield gauge hitting its highest level since 2008, calling it “the death of fiat in a slow-motion train crash.”
Analyst Caleb Franzen added that literally everyone in the market now expects yields to move higher, a level of consensus that itself carries contrarian risk.
Rising yields matter for Bitcoin because higher returns on safe government bonds pull capital away from risk assets like crypto, making it harder for Bitcoin to hold recent gains without fresh spot demand stepping in.
Bitcoin and Ethereum Price Prediction: Key Levels to WatchBTC pulled back after tagging a high of $82,207, its highest print since May. Price now tests the 0.786 Fibonacci support at $76,984, the same zone that acted as resistance through June and July before the breakout.
Holding that level keeps the breakout structure intact while losing it risks a deeper move toward $72,900.
Meanwhile, ETH is consolidating inside an ascending triangle below flat resistance at $2,485.
RSI at 64.86 remains in bullish territory after cooling from above 80, with the 20-day EMA at $2,308 as the first real support below.
Key levels for BTC and ETH: BTC — support $76,984, resistance $82,207 ETH — support $2,308, resistance $2,485 Photo via Shutterstock
According to HTX market data, the overall cryptocurrency market has continued to decline, likely impacted by escalating tensions in the Middle East. Bitcoin has fallen below $77,000, while Ethereum has dropped below $2,400. In related news, the U.S. Air Force struck Iranian targets near the Strait of Hormuz today, followed by Iran launching missiles and drones at U.S. military positions.
XRP price traded near $1.37 on September 1 as rising Treasury yields reduced investor appetite for riskier assets.
The overall market continued its pullback, with Bitcoin price in a $77,000 range and Ethereum staying above $2,400. XRP price saw inflows from strong spots in the ETF sector, but this demand was not sufficient to offset bond market pressure.
Can Record XRP ETF Inflows Prevent a Decline Toward $1.30? US spot XRP funds saw their highest weekly inflow at $110.49 million in the week that ended Aug. 28. Total inflows were at $1.67 billion, representing demand in brokerage accounts
On August 31, the daily inflows amounted to $5.64 million, with new capital focused in two products. Canary’s XRPC raised $4.71 million, and Bitwise was able to raise approximately $930,000 in the session.
Sosovalue data There was uneven activity among available funds, with Franklin, 21Shares, and Grayscale seeing none of the participation in terms of new capital.
Bitwise led with $507.23 million, followed by Franklin at $370.02 million and Canary at $341.60 million.
Combined assets reached $1.45 billion, representing 1.67% of XRP’s roughly $85 billion market value. That share limits funds’ ability to counter pressure from rates, liquidity, and derivatives activity.
The ten-year Treasury yield approached 4.80%, its highest level since January 2025. Higher government returns can pull capital from cryptocurrencies because bonds offer attractive income with lower risk.
CLARITY Act Countdown Begins as September 15 Senate Vote Approaches Senator Kevin Cramer said the CLARITY Act has a strong chance of advancing during the September 15 vote. He also claimed some Democratic resistance reflects concerns that passage could benefit President Donald Trump.
Still, legislators continue to disagree on crypto ethics, stablecoin incentives and the safeguard of DeFi platforms. Those disagreements could complicate efforts to secure the 60 votes required for cloture.
CLARITY Act Faces Three Big Fights Before Senate Vote
The CLARITY Act faces pressure over crypto ethics, stablecoin rewards, and DeFi protections.
Those disputes could make the 60 votes needed for cloture harder to secure.
Kalshi traders still price a 91% chance of a Senate… pic.twitter.com/WUoiHrUY74
— BSCN (@BSCNews) September 1, 2026
Kalshi participants assigned a 91% probability to a Senate vote before October as of August 31. Polymarket traders offered only a 13% chance that the legislation becomes law during 2026.
Meanwhile, the Securities and Exchange Commission proposed rules supporting blockchain use within securities transactions. The development suggests regulatory adoption could progress even while Congress debates comprehensive market structure legislation.
Can XRP Price Hold $1.30 Support Level XRP price slipped 1.38% to $1.3592 on September 1, extending its pullback from August’s recovery. The token moved below $1.38, which had supported prices during late August consolidation.
A sustained close below $1.34 could expose the $1.30 support level. Further weakness may open a decline toward $1.20 if broader risk appetite continues deteriorating.
The relative strength index stood at 39.56, placing momentum below neutral territory without entering oversold conditions. Meanwhile, the MACD line registered -0.0088, compared with its signal line near minus 0.0090.
Source: XRP/USDT 4-hour chart: TradingView A recovery above $1.38 could reopen the route toward $1.50, the first significant resistance area. A decisive break beyond $1.50 may bring $1.60 into focus, where stronger selling previously appeared.
XRP must reclaim $1.38 and defend that level before its short-term structure improves. The continued inflows into the ETFs will offer support, but reductions in Treasury yields will be key for a lasting recovery.
Japan’s rate shock deepened on Tuesday. The 30-year government bond yield approached its all-time high of 4.205%, last tested in May. Meanwhile, the 10-year reached 3% for the first time since 1996.
The rate hike itself was never the surprise. Markets had nearly fully priced a September move. What nobody saw coming was Washington publicly demanding it, and a bond market that broke anyway.
JP30Y Performance Source: TradingViewWhy Japan’s Rate Shock Is Reaching Global MarketsUS Treasury Secretary Scott Bessent met Finance Minister Satsuki Katayama and Bank of Japan (BOJ) Governor Kazuo Ueda at the Group of 20 (G20) finance gathering in Asheville, North Carolina. He pressed for hikes and a clearer fiscal plan.
“I have information that the market doesn’t have, and it’s my belief that the Japanese government and the BOJ will do the things that will lead to a stronger yen,” Bessent said.
Japan’s whole curve gave way, with the two-year hitting a 31-year high, lifting yen carry trade costs that had been near zero for a generation.
Where is Bessent? Japan is in trouble.
Rates are surging while the yen is falling:
– Yen at a 40 year low
– JP10Y yield at a 30 year high
– Inflation near a 30 year high
If Bessent doesn’t want Japan dumping USTs, he better prepare for the next intervention.
We all don’t own… pic.twitter.com/LZzx3t4P0W
— Lukas Ekwueme (@ekwufinance) September 1, 2026
Japan’s own budget assumed a 3% long-term rate when it calculated debt-service costs, so Japan’s rising borrowing costs now test that arithmetic.
Other long-end markets moved with it. UK 10-year gilts reached 5.23%, a level last seen in 2008, US 10-year Treasuries traded at 4.78%, and Brent crude climbed above $92 a barrel.
Not everyone reads the selloff as a monetary story. Takahide Kiuchi, a former BOJ board member now at the Nomura Research Institute, framed the 3% print as a verdict on spending under Prime Minister Sanae Takaichi.
“The rise to 3 per cent is a message from the market that could, to some extent, force Takaichi to correct some of her expansionary fiscal policy,” the Financial Times reported, citing Kiuchi.
What a Stronger Yen Would Mean for BitcoinYears of near-free yen borrowing funded leveraged bets across equities, bonds, and crypto. Higher Japanese rates make that funding dearer.
The Bank for International Settlements put yen loans to non-banks outside Japan near $250 billion in March 2024, with cross-border yen claims on offshore centers around $500 billion. It cautioned that the true size resists measurement.
The current estimated size of the yen carry trade may be as high as $500 billion compared to $250 billion in August of 2024, when a 6% rally in the yen caused a global financial shock. The $500 bln may not take into account the amount of leverage added to that total today.
— ron insana (@rinsana) August 1, 2026
When it happened, Bitcoin (BTC) and Ethereum (ETH) shed up to 20% during the August 2024 unwind, as margin calls forced traders to liquidate positions across asset classes.
Bitcoin and Ethereum Price Performance. Source: TradingViewYet the currency has not rallied. The dollar sat near 159.75 yen on Monday, just inside the 160 mark that raises the odds of yen-buying intervention.
Japan’s fading yen defense has held no floor since the July 31 joint operation with Washington.
For officials, the line is 160, but for Bitcoin the trigger is speed rather than level, because the pace of the 2024 appreciation, the sharpest single-day currency move the BIS examined, is what broke the trade.
The BOJ decides on September 18, with markets pricing a quarter-point move to 1.25%. Ueda’s guidance on what follows may matter more to crypto than the hike itself.
In brief Robinhood Chain generated $1.595 billion in 24-hour DEX volume. DeFi TVL reached $738.11 million. Stablecoin market capitalization rose to $796.74 million. Daily trading volume on Robinhood Chain’s decentralized exchanges jumped 61% between Aug. 28 and Sept. 1, rising from $989 million to $1.595 billion, according to DeFiLlama.
The Ethereum Layer 2 also held $738.11 million in DeFi deposits and nearly $797 million in stablecoins as of Sept. 1. Separately, DeFiLlama recorded $353.96 million in daily perpetual futures volume and $2.524 billion in assets bridged to the network.
Myriad: Where does Solana price go next? Click to make your prediction.Each figure covers a different category. DEX volume measures spot trades made through blockchain applications instead of centralized exchanges. Total value locked, or TVL, tracks assets deposited in DeFi protocols. Bridged value includes assets moved onto Robinhood Chain whether or not they have been deposited into those applications.
After entering public testing in February 2026, Robinhood Chain launched its Arbitrum-powered mainnet on July 1. The network supports round-the-clock trading of tokenized stocks, which eligible users can lend or use as collateral.
Trading took off during the first week of July. The network processed more than 17 million transactions, drew nearly 350,000 addresses, and generated over $1 billion in cumulative DEX volume.
DeFiLlama measured about $433 million in 24-hour DEX volume later that month, placing the new network fifth among blockchains at the time. TVL was about $94 million, and stablecoin balances had passed $260 million.
Compared with those July readings, current TVL is nearly eight times higher and stablecoin capitalization has roughly tripled, though the figures may reflect different reporting times and methodologies used.
In an August interview with Decrypt’s FOMO Hour, Robinhood crypto chief Johann Kerbrat said the chain had processed more than 200 million transactions. He described its strategy as balancing “two wolves”: conventional financial products and the speculative tokens that attract crypto traders.
Meme coins powered much of the early activity, eclipsing the tokenized stocks at the center of Robinhood’s initial pitch.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Robert Kiyosaki says he owes $1.2 billion. The “Rich Dad Poor Dad” author borrowed that money against apartment buildings, not against the Bitcoin (BTC) and gold he promotes to millions of followers.
His former wife and business partner, Kim Kiyosaki, said the figure covers borrowing shared with partners across roughly 1,500 units. Her account puts his own exposure far below the headline.
The $1.2 Billion Is a Partnership TotalKiyosaki has repeated the number all summer, most recently on the “Get Rich Education” podcast.
“So, I’m a billion two in debt,” the New York reported, citing Kiyosaki.
Follow us on X to get the latest news as it happens
Vanity Fair, whose profile the Post drew on, put his personal share nearer $30 million to $60 million, working backward from his claim of about $3 million in yearly income. That is a fraction of the figure he advertises.
The mechanics are ordinary multifamily finance. When a building appreciates, the owners refinance, and the cash arrives untaxed because nothing was sold. Each deal also sits inside its own limited liability company (LLC), so trouble at one property does not travel to the rest.
Not everyone reads that as safety. John Poole, founder of the Scottsdale consultancy JPTD Partners, told the Post that borrowed money behaves very differently once prices stop climbing.
“Leverage works beautifully on the way up, and if it’s not continuing on that way up, then it’s like a chainsaw financially coming down,” the Post added, citing John Poole of JPTD Partners.
Bitcoin and Gold Sit on the Other SideThe debt story lands awkwardly because Kiyosaki spends most of his airtime telling followers to hold gold and Bitcoin rather than dollars. In July he named Bitcoin and Ethereum beside gold as his own defense against a currency he calls fake.
Those holdings are not the collateral. BTC, which trades near $77,425 after slipping 1.8% in a day, secures none of the loans described in the reporting. The mortgages sit on brick and rent rolls.
Bitcoin Price Performance. Source: BeInCryptoThat leaves a tension he rarely addresses. He warns that cheap credit will break the system, even as US borrowing nears $40 trillion, while running a portfolio that depends on the same credit staying available.
History gives the caution some weight. One of his companies, Rich Global LLC, filed for Chapter 7 in 2012 after losing a judgment, according to ABC News.
Refinancing keeps working while rents cover payments and lenders keep lending. Will Kiyosaki’s followers really understand which half of his message carries the risk?
Robinhood Chain has gone from newcomer to one of the more talked-about DEX venues in DeFi, and the numbers are starting to back that up. Trading volume on the Ethereum layer 2 climbed 61% over a matter of days, with 24-hour DEX volume crossing $1.58 billion and weekly figures up nearly 90% according to DefiLlama data.
For a chain that only launched its mainnet on July 1, 2026, that is a remarkably short runway to relevance.
What is actually driving volume Tokenized equities have emerged as a genuine pull factor. Representations of stocks like Nvidia and Apple are being used as collateral in DeFi transactions. Over a 30-day window, tokenized stocks generated $4.3 billion in DEX volume on the chain, with daily real-world asset trading peaking at $85 million on August 25.
Advertisement
The primary trading venue is Uniswap, which handles the bulk of swap activity on the chain. Morpho Blue leads on the lending side, holding roughly $481 million in total value locked, which represents the majority of the chain’s overall TVL figure of approximately $735 million. Stablecoin supply sits at around $797 million, with USDG accounting for a significant share of that figure and serving as the main fuel for Morpho’s lending markets.
The Arbitrum connection and what it means for Ethereum Robinhood Chain is built on the Arbitrum stack, which means it shares infrastructure DNA with one of Ethereum’s most established layer 2 networks. Part of that arrangement includes a 10% fee share with Arbitrum, giving the underlying network a direct financial stake in Robinhood Chain’s continued growth.
Analysts at Bernstein flagged the chain’s early momentum as a signal worth watching for Ethereum more broadly. The logic is straightforward: more DEX activity means more bridging, more gas consumption, and more demand for block space on Ethereum’s base layer.
Daily transaction counts have exceeded five million on peak days. Cumulative DEX trading volume has already crossed into the tens of billions since the July launch.
Real-world assets as a DeFi wedge Equities are different from tokenized Treasuries or credit products. Nvidia and Apple are household names with massive retail followings. Using tokenized versions of those stocks as DeFi collateral creates a bridge between the investing behaviors that Robinhood’s core user base already has and the on-chain functionality that DeFi protocols have spent years building.
A 10% fee share arrangement with Arbitrum means that as revenue scales, the economics benefit multiple layers of the stack simultaneously, which is a different model from chains that capture all fees internally.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ethereum (ETH) holds above $2,400 on Tuesday after recording a 32.5% gain in August, its best-performing month since July 2025. This marks two consecutive positive months for the top altcoin as it continues its recovery from a nearly 70% drop spanning October to June.
US spot ETH exchange-traded funds (ETFs) played a key role in the recovery, attracting $1.85 billion in net inflows, its best month in over a year, per SoSoValue data. The products ended August on an 11-day inflow streak, with only four negative days throughout the month.
ETH ETF Flows. Source: SoSoValueAugust also saw major rotation across wallet cohorts. Investors with a balance of 10K-100K ETH, which fall within the whale bracket, accumulated 430K ETH during the month, with nearly all of that figure coming in the past two weeks as ETH began to rally.
Meanwhile, retail investors, wallets with a balance of 100-1K and 1K-10K ETH, offloaded 447K and 292K ETH, respectively, with distributions accelerating in the last two weeks.
ETH Balance by Holder Value. Source: CryptoQuantWith the rotation accelerating during the recent ETH rally, it suggests whales are accumulating supply from retail investors who are potentially booking profits or stepping to the sidelines after breaking even. The Realized Price, or average on-chain cost basis of the 100-1K and 1K-10K ETH cohorts at $2,350 and $2,260, shows these investors have largely been distributing, given the latter.
Meanwhile, inflows into staking contracts also increased, with Ethereum staking contracts adding 1.4M ETH during the month, their largest since February 2024. With more supply locked in staking contracts, available selling pressure reduces, improving the price growth outlook.
Ethereum technical outlook: ETH eyes 20-day EMA after break below $2,431 supportEthereum saw $71.6 million in liquidations over the past 24 hours, led by $59 million in long liquidations.
On the daily chart, ETH is extending its advance well above all major Exponential Moving Averages (EMAs), reinforcing a bullish near-term bias. Momentum remains constructive with the 14-day Relative Strength Index (RSI) hovering in the mid-60s and the Stochastic Oscillator (Stoch) holding in overbought territory, suggesting strong but increasingly stretched buying pressure as price hovers just over the nearby horizontal level around $2,431.
On the downside, ETH briefly broke the immediate support at the $2,431 horizontal line. The 20-day EMA follows that level at $2,310, which would be the first meaningful dynamic floor on a pullback. Below that, cluster support emerges from the 200-day EMA at $2,220 and the $2,172 horizontal level, ahead of deeper downside levels at the 50 and 100-day EMAs at $2,115 and $2,046, respectively.
ETH/USDT daily chartOn the topside, initial resistance emerges at $2,656, ahead of a higher barrier at $2,787, where a decisive break would open the door for a continuation of the prevailing uptrend.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ethereum (ETH) is currently trading at approximately $2,463, delivering a 1.79% increase over the past 24 hours, according to Brave New Coin data. Market participants remain divided on ETH’s near-term direction as the cryptocurrency continues to face stiff resistance at the $2,550 mark.
Ethereum stalls below key resistanceRepeated attempts by buyers to lift Ethereum above the $2,550 threshold have so far been unsuccessful. After each failed breakout, the price has returned to levels around $2,465, keeping the asset below a resistance zone that defines the short-term outlook.
Market analyst Ted Pillows pointed to the potential for increased volatility in the coming days, suggesting that the sideways trend might end with either a short-term pullback or capitulation before a reversal can take hold. Major support is now seen between $2,250 and $2,300. If buyers manage to overcome $2,550, a broader resistance corridor lies ahead between $2,650 and $2,700.
Eth remains stuck below $2,550, with bulls preparing for the next major test. A decisive move above this zone could target the $2,700 area, while a failure would likely see support tested around $2,250-$2,300.
Long leverage adds volatility riskThe derivatives market for Ethereum is showing a significant tilt towards long positions. Open interest stands near 4.97 million, while the funding rate has climbed to approximately 0.0073. These metrics indicate that traders are taking on greater risk as price consolidates below resistance.
Ted Pillows noted that aggressive long entries could amplify volatility if the current price zone fails to attract new buyers. A sharp reversal from the $2,550 line may trigger liquidations among overleveraged market participants, potentially causing a swift short-term decline.
Larger upside and support zonesAnalyst DonAlt sees a major gap on Ethereum’s higher-timeframe chart, highlighting that the next significant resistance does not appear until roughly $4,000 to $4,100. To reach that zone, ETH must establish a clear move above $2,700, overcoming multiple resistance clusters along the way.
A sustained break above $2,550 would be required to start targeting $3,000 and eventually the broader $3,800-$4,100 region. Stronger resistance at $4,300-$4,400, near previous cycle highs, also remains in focus if bullish momentum builds. ETH continues to rely on support between $2,000 and $2,100 for the broader bullish outlook to remain valid.
Resistance LevelTarget if Broken$2,550$2,650–$2,700$2,700$3,000$3,800–$4,100$4,300–$4,400Institutional accumulation remains strongInstitutional buyers continue to build Ethereum exposure despite recent price indecision. BitMine, a digital asset investment firm, reportedly acquired an additional 53,501 ETH last week, taking its total holdings to nearly 5.9 million ETH. The size of such positions suggests large investors are accumulating during periods of market consolidation, which could provide more stability if ETH attempts a larger recovery.
Mini dictionary: BitMine is a cryptocurrency investment and mining company focused on acquiring and managing large-scale digital asset positions for institutional clients.
Key chart levels to watchEthereum’s technical outlook revolves around the $2,500-$2,550 resistance area, which has rejected multiple upside moves in recent sessions. A conclusive breakout would strengthen the short-term trend, possibly triggering a push towards $2,700 and $2,800 in the weeks ahead.
Should ETH lose momentum, the first level to monitor on the downside is $2,400. A breach of this zone could open the path towards $2,250–$2,300 support. A much deeper pullback would test the more strategic $2,000 level that defines the broader bullish structure.
Bulls must clear $2,550 decisively to unlock further gains, while losing $2,400 could expose the market to a deeper correction.
Upside targets and downside risksETH’s broader targets extend beyond the near-term hurdles. If the price successfully overcomes resistance around $2,550 and $2,700, market watchers will focus on $3,000 as the next notable milestone and $4,000–$4,400 at the high end of the current cycle projection.
Key downside risks remain if Ethereum fails at resistance. Another rejection increases the likelihood of a slide towards $2,400, and if that level does not hold, further support is found between $2,250 and $2,100.
For now, Ethereum continues to consolidate, with traders closely monitoring whether bulls can recapture lost ground or if further volatility is imminent in the near term.
Pi Network price hovered near $0.0917 on September 1, 2026, after a week of consolidation, with Pi eyeing $0.20 this month
Bitcoin traded below $78,000, whereas Ethereum and XRP hovered at about $2,420 and $1.35, respectively. This drawback held speculative tokens back as investors moved into September with wary anticipations. The future of PI is now pegged on two stimulators which are planned around September 15.
Protocol 27 Could Strengthen Mainnet Utility Protocol 27 is targeted for September 15, following Protocol 26’s completion during August. The last scheduled improvement is the implementation of flexible smart-contract authentication of accounts, applications and complex transaction approvals.
This may facilitate multisignature controls, conditional payments and safer decentralized applications throughout the open mainnet. Nonetheless, the successful deployment can be insufficient to generate long-lasting demand of PI.
🚨🔥 SEPTEMBER IS HERE, PIONEERS! AND IT COULD BE A BIG ONE FOR PI! 💜🚀
Happy new month, Pioneers! 🎉
The countdown has officially begun, and September is shaping up to be a month worth watching closely for Pi Network and the wider crypto space. 👀🔥
📅 September 15th could… pic.twitter.com/Vmn7Mb1O2v
— drealFx || π 🕊 (@okere_eberechi) September 1, 2026
The developers have to launch helpful services that will generate traffic, fees and recurrence. The utility case would be reinforced by the independent AI growth by Pi.
App Studio enables nontechnical users to build blockchain-enabled applications via generative AI, whereas Pi Desktop enables AI agents locally hosted. Pi Desktop extends beyond blockchain infrastructure with the addition of SoloHost, such as OpenClaw.
CLARITY Act Vote Adds a Regulatory Catalyst The cloture vote of September 15 by the Senate will determine whether the CLARITY Act can proceed to full debate. This is a procedural obstacle, not a final passage and the supporters require 60 votes.
The bill would establish token status, regulatory oversight, and company obligations of digital-asset firms. An effective vote would enhance industry confidence as it would minimise the uncertainty regarding the United States crypto rules.
An ongoing conflict of ethical issues, anti-money-laundering regulations, and stablecoin incentives. Since the two events have a single date, volatility may be elevated prior to the establishment of certain results.
Can Pi Network Price Rally To $0.20 In September 2026? Achieving $0.20 in September can still be possible, yet market indicators make it a challenging situation. Long-term Pi projection should close above $0.0940, and then turn $0.10 into reliable support.
A breakout will reveal $0.1089, and then the 200-day exponential moving average is falling around $0.1486. That average would be cleared with growing volume, and would build targets at $0.15, $0.18, and ultimately at $0.20.
That target would otherwise be very speculative without that confirmation. The daily RSI is approximately at 51.8, a bit above neutral, with positive momentum and no overbought pressure. The MACD line has risen to 0.00049, while its signal line moved above zero.
Source: PI/USDT 4-hour chart: TradingView Bullish confirmation would involve long-term closes above $0.10 and increased trading volume following both catalysts. Any rejection less than $0.0901 may take Pi Network price back to $0.0879, where the more substantial support will be at $0.0834.
Owners must stake, post and attest to a permitted country to earn Robinhood Stock Tokens. Anyone can buy the NFT, and the portfolio inside it, with no KYC.
Posted September 1, 2026 at 6:30 pm EST.
On Robinhood Chain, an NFT collection whose floor price has risen 77% in a month is testing the line between securities and collectibles, mixing regulated financial products with pixelated, suit-wearing avatars.
Called StonkBrokers, the colorful 4,444-piece collection enables its owners to accrue Stock Tokens as rewards on Robinhood’s Ethereum layer-2 network, providing them with a novel way to gain exposure to Wall Street names like Tesla, Amazon, and Nvidia.
Robinhood has made the tokens available to investors in more than 120 countries, though not in the U.S., U.K., Canada or Switzerland. The rules that would govern them in the U.S. remain unwritten: The SEC’s proposed exemption for tokenized securities was pulled from its agenda in August and has never been published. And the team seems to have taken into account past NFT projects’ brushes with U.S. securities law, such as Ashton Kutcher’s Stoner Cats 2.
In order to earn those Stock Tokens, those holding StonkBrokers must pass what the project’s terms call “geographic and network screening” and complete a “Program attestation” declaring that they live in a “permitted jurisdiction.” At the same time, the NFTs can be bought by anyone on a secondary market outside the same Know Your Customer (KYC) procedures that Robinhood customers must satisfy.
By offering NFTs that can accrue Stock Tokens as rewards, StonkBrokers is charting new ground at the intersection of collectibles and securities, according to Givner Law founder and principal attorney Ariel Givner.
“Nobody’s done it before,” she said. “It’s a gray area, and it’s bringing together a lot of new things that we don’t have precedent on.”
A Fast Run, a Retrace, and Another Run Clutch Markets, the Grand Cayman company behind StonkBrokers, said on X on Aug. 25 that the project had distributed more than $1.57 million in what it calls marketing rewards.
The collection’s floor passed Bored Ape Yacht Club’s in early August, gave back roughly 60% of that run, and has now passed it again, trading at 8.50 ETH, or about $20,500, against Bored Ape’s 7.65 ETH on Tuesday afternoon. That floor is not set by open bidding. The project’s own automated market maker prices every broker at a flat 666,666 $STONKBROKER plus a 10% fee, so the floor tracks the token, which fell 14% on Tuesday even as the floor reading climbed.
The collection stood out in a slow market for profile picture NFTs, or PFPs. The collection carried no mint price, though allocation required burning an earlier Clutch NFT before a July 16 deadline. Pseudonymous crypto analyst Diamond estimated the mint cost at around $37.
The SEC and CFTC interpreted in March that a “digital collectible” is not itself a security, while leaving intact that one can still be sold subject to an investment contract. StonkBrokers has squarely tied itself to financial products that operate within tight regulatory boundaries, Givner told Unchained.
Freely Tradeable — While Still Blocking U.S. Users StonkBrokers are capable of holding Stock Tokens thanks to ERC-6551, an Ethereum standard giving each NFT its own unique smart contract wallet, known as a token-bound account.
According to the project’s documentation, each StonkBrokers NFT comes equipped with a wallet that’s “seeded with tokenized stock at mint and, once activated, can receive stock-token reward drops through the StonkBrokers rewards program.”
Because the underlying Stock Tokens live inside the NFT’s sub-account rather than a user’s personal wallet, trading the NFTs on secondary markets effectively transfers that portfolio.
That gap appears significant, Ryón Nixon, founding partner of crypto-native law firm Horizons Law, told Unchained. Robinhood’s Stock Tokens are debt instruments issued by an offshore affiliate that can’t be directly purchased or redeemed by U.S. persons, but can be freely transferred like any other ERC-20 token, such as a stablecoin, he noted.
“In simple terms, StonkBrokers engineered the protocol in a way where they don’t let people in certain jurisdictions, like the U.S., interact with the touchpoints that might trigger compliance requirements like a customer identification program,” he said.
Nixon noted that the offshore separation provides a unique legal buffer: “Even if a Stock Token ends up in a U.S. person’s wallet, Robinhood’s offshore affiliate does not let U.S. persons directly purchase or redeem the Stock Tokens, so from their perspective, the transactions are intended to remain completely offshore.”
Robinhood’s own base prospectus complicates that picture somewhat. It reserves the issuer’s right to declare a transfer “null and void” and to “freeze, block, seize, transfer, redeem and/or recreate” a token, and says the contracts will be programmed to block addresses identified as sanctioned.
Lessons From Stoner Cats 2 Before the Securities and Exchange Commission struck a more collaborative stance under its current leadership, the regulator brought several enforcement actions against NFT issuers.
For example, the SEC famously argued that Stoner Cats 2, LLC, the firm behind an animated web series backed by actors Mila Kunis and Ashton Kutcher, offered unregistered securities because buyers had “a reasonable expectation of obtaining a profit based on SC2’s managerial and entrepreneurial efforts,” pointing to its marketing campaign and a 2.5% cut of secondary sales. The company paid a $1 million penalty. Commissioners Hester Peirce and Mark Uyeda dissented, writing that the analysis “lacks any meaningful limiting principle.”
The position was rooted in the SEC’s Howey test, under which a transaction is an “investment contract,” and therefore a security, if it involves an investment of money in a common enterprise with an expectation of profits derived from the efforts of others.
StonkBrokers explicitly strips away any notion of passive income, requiring holders to stake $STONKBROKER to activate a broker and then work for their payouts. Any wallet can trigger the “Clock In” that releases a round of rewards, but only activated brokers collect them. According to the project’s terms of service, participants receive rewards for “the creation and publication of qualifying social media posts promoting the StonkBrokers game, collection, art, or Clock In.”
The document strictly bans users from utilizing words like “royalty,” “dividend,” “yield,” or “passive income,” asserting instead that the compensation is “payment for services rendered” to those who are classified technically as independent contractors.
An Untested Defense Whether that structure works has not been tested. The March interpretation’s safe harbor for token distributions covers only those where recipients provide “no money, goods, services, or other consideration,” and it names social media promotion among the activities that count as services. In a 2018 case against Tomahawk Exploration, the SEC found that tokens paid out for promotional posts were an offer and sale of securities.
The project’s documentation says rewards are funded mechanically: 70% of the trading fees from its own automated market maker, plus fees from lending, its Safety Deposit Box and a slot-machine game. Its terms of service describe something looser, saying the project funds the pool “in its sole discretion.” The funding story buyers are relying on is not the one the project has committed to in writing.
The project has not slowed down while those questions sit open. On Aug. 29 it launched Stonk Exchange, a venue built on Uniswap v4 pools where liquidity providers collect premiums from leveraged traders, with covered-call vaults slated for September. Robinhood’s own crypto account retweeted the team on Aug. 28, amplifying a Robinhood Chain block explorer it had built, though it has said nothing publicly about the stock-token rewards program itself.
While StonkBrokers is taking a fresh approach to NFTs, Robinhood Chain’s mainnet only launched on July 1, following a public testnet in February.
Interest in tokenization has climbed sharply this year. dYdX Labs brought leveraged stock and crypto tokens to the same chain last week, and on Tuesday the SEC proposed its first overhaul of transfer-agent rules since the 1970s, asking for comment on how a blockchain should interact with the official record of who owns a security. Nixon noted that while the structure is unconventional, it showcases a broader appetite for experimentation.
“It’s a very interesting approach that opens the market up to new design spaces, which is refreshing to see in the current market conditions,” he said.
Unchained has reached out to Clutch Markets and Robinhood for comment.
Related Listen: How Tokenized Stocks Could Undercut Interactive Brokers’ 77% Profit Margin
Bitcoin is hovering near $77,000 amid concerns over a potential Federal Reserve rate hike and September’s historically weak seasonality.
Notable Statistics:
Coinglass data shows 70,352 traders were liquidated in the past 24 hours for $216.58 million. SoSoValue data shows net inflows of $216.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $87.7 million. In the past 24 hours, top gainers include Arbitrum, Curve DAO and Uniswap. Notable Developments:
Is Bitcoin’s Best August in Years Ready for September Volatility?Bitcoin Rallied 172% and 350% After Its Last Gold Correlation Spikes: Will History Repeat?Dollar ‘Endgame’ Is Great News For Bitcoin and Gold, Says Industry ExpertBitcoin On-Chain Analysis Shows Whales Are Buying—But So Is ‘Hot Money’Gary Cardone Calls $5M Bitcoin ‘Stupid’ but Critic Says That’s a ‘Logical Fallacy’Strategy Slams MSCI Rule as a ‘Pretext’ to Exclude Bitcoin CompaniesRipple, SettleMint Team Up Amid ‘Surprisingly Resilient’ XRP ETF FlowsTrader Notes:
Altcoin Sherpa remains bullish on Bitcoin but sees the current range as unclear and says a short-term reset is possible. He expects centralized-exchange altcoins to stay choppy until BTC breaks out, while on-chain tokens could continue producing outperformers.
Michael van de Poppe noted Bitcoin remains stuck in a choppy range while altcoins show relative strength. He sees a possible BTC liquidity sweep toward $76,000, which could offer an entry opportunity.
CryptosBatman highlighted that Bitcoin posted its first green August since 2021, but history points to caution: every previous positive August was followed by a red September, traditionally one of BTC’s weakest months.
Image: Shutterstock
Trending
Market News and Data brought to you by Benzinga APIs
Dogecoin (DOGE) has shown signs of a potential market reversal as its monthly candlestick signals renewed interest from buyers, bolstered by ongoing accumulation from large holders, known as whales. The recent price and volume dynamics suggest growing optimism, though analysts caution that sustained bullish momentum and confirmation of breakout levels remain essential for a meaningful recovery.
Technical Patterns Point to Possible ReversalCrypto analyst Trader Tardigrade has observed an inverted hammer forming on Dogecoin’s monthly chart, a pattern that typically indicates possible trend reversals after a prolonged period of weakness. While such a formation can suggest a shift in market direction, analysts emphasize that further price action and continued high volumes will be necessary to confirm a lasting trend change.
Continued development of higher highs on subsequent monthly candles, alongside stronger momentum, could provide the additional confirmation needed for a bona fide long-term reversal. However, any robust move toward higher price targets such as $1 would depend on persistent bullish forces overcoming established resistance zones.
Dogecoin’s market structure and increased purchasing activity by large holders indicate the potential for a bullish reversal, though validation through further gains remains crucial.
Mini dictionary: Inverted hammer – In technical analysis, an inverted hammer is a bullish candlestick pattern signaling a potential reversal, typically appearing after a downtrend and characterized by a long upper wick, small real body near the candle’s low, and little or no lower shadow.
Whale Activity Boosts Bullish SentimentRecent data collected by Dogegod highlights that large Dogecoin holders have collectively acquired 376 million DOGE, roughly valued at $32 million, within a single day. These purchases have drawn fresh attention to Dogecoin’s market dynamics and fueled speculation about a sustained recovery.
IndicatorValueCurrent DOGE price$0.0827424h Trading volume$557.8 millionMarket capitalization$12.88 billionWhale accumulation (24h)376 million DOGE ($32 million)Analysts have noted that if whale buying activity increases further and overall market sentiment turns more positive, Dogecoin may see a rise in demand. However, large-scale purchases by major holders are not alone sufficient to ensure a breakout; price movement must follow for a decisive shift in trend.
Whale accumulation in DOGE has reached 376 million tokens in 24 hours, reflecting consistent interest from large investors despite market uncertainties.
Market Outlook Remains CautiousDogecoin remains in an upward phase as the latest technical patterns and continued whale purchases suggest an improving outlook. However, the overall sentiment across the cryptocurrency market is restrained, and any attempt at a breakout could be short-lived if momentum fails to build.
Traders are closely monitoring the monthly candle formations, trading volumes, and key resistance points that DOGE must clear to maintain its upward momentum. A persistent uptrend driven by strong accumulation and volume could push the asset closer to the ambitious $1 milestone, though analysts agree this scenario would require several confirmations before becoming likely.
BSC Payment Lane reserves minimum block gas for payments during congestion, with launch planned for Q4 2026.The reserve expands when BSC is busy and shrinks when demand falls.Transaction ordering, decentralized exchange (DEX) swaps, and maximal extractable value (MEV) logic stay unchanged.Eligible payments include native BNB transfers, USDT, USDC, and audited tokens approved through governance.BNB Smart Chain (BSC) orders transactions largely by priority fee, or tip. Higher tips generally move first.
That works under normal demand. During congestion, speculative activity can push tips higher and delay lower-value, time-sensitive payments such as withdrawals, remittances, and merchant transfers. Payment traffic appears in roughly 99.6% of BSC blocks. These transactions use relatively little gas, but delays matter.
BSC Payment Lane is designed to keep those payments moving during congestion without changing how the rest of the chain operates.
Why Payments Stall During CongestionAll transactions currently compete for the same blockspace.
When demand spikes, congestion from one activity affects everything else. A token launch can delay an exchange withdrawal or merchant payment even though those transactions are unrelated.
BSC is already increasing network capacity. Blocks have been sub-second since the Pasteur hardfork, with higher gas limits and further upgrades planned.
Payment Lane addresses a separate issue: how blockspace is shared during short periods of heavy demand.
How BSC Payment Lane WorksPayment Lane reserves a minimum amount of block gas for qualifying payments when BSC is congested.
Three properties define the mechanism:
A floor, not a ceiling. Payments receive minimum guaranteed space but can use more and compete normally on tips.Dynamic. The reserve grows during congestion and shrinks as demand falls.Narrow by design. It applies only to value transfers. Tip ordering, swaps, and MEV remain unchanged.The reserve is not a separate section of the block.
Payment transactions can appear anywhere. The protocol only ensures that their combined gas allowance, the PaymentGasLimit, does not fall below the configured minimum.
What Counts As A PaymentThree categories qualify:
Native BNB transfersUSDT and USDCAudited tokens approved through governanceEverything else remains a normal transaction. Users and wallets do not need to change anything and there is no new flag or transaction type.
Key FindingsThe main result is straightforward: BSC can reserve minimum capacity for payments without introducing a new ordering system.
Priority fees still decide transaction order. DEX swaps continue to compete for blockspace normally, and existing MEV logic remains in place.
The economic effect is also limited. Outside congestion, fees and block rewards are unchanged.
During congestion, the reserve remains capped and payment transactions generally consume little gas.
The mechanism therefore targets one specific failure mode: payments being fully crowded out during demand spikes.
What This Means For YouExchanges, wallets, remittance apps, and merchant tools get more reliable payment flows during congestion without integration changes.
Builders outside payments have nothing to update. Existing ordering, MEV, and fee assumptions remain intact.
Validators will vote on parameters including reserve size, congestion thresholds, and adjustment speed before launch.
What's NextBSC Payment Lane is coming to BNB Smart Chain in Q4 2026.
Parameter proposals and integration notes will be published ahead of rollout, with governance voting completed before release.
Follow upcoming parameter proposals on the BNB Chain forum ahead of the Q4 2026 release.
Robinhood (@RobinhoodCrypto) Chain closed August with a milestone that few Layer 2 networks reach in their second month of operation. Daily decentralized exchange volume hit $1.33 billion on Aug. 30, according to DefiLlama data cited by BlockBeats, surpassing Ethereum, BNB Chain, and Base in the same 24-hour window. Among major networks, only Solana posted a higher figure, at roughly $1.86 billion.
TVL and Stablecoins Signal Deeper Capital Commitment The volume surge was accompanied by broader balance-sheet growth. Total value locked reached $728 million, nearly double its level from a month earlier. Stablecoin supply on the network climbed 47% month over month to approximately $796 million, reflecting an expansion in productive capital rather than purely speculative positioning. Seven-day DEX volume reached $6.16 billion, up 79% week over week, according to DefiLlama data reported by BlockBeats.
Fee generation also stood out. Network fees for the 24-hour period reached roughly $1.07 million, a figure that was approximately equal to the combined fees generated by Ethereum and Solana over the same period, per DefiLlama data.
Activity Shifts From Memecoins Toward Utility The composition of activity on Robinhood Chain is evolving. In July, the chain was dominated by memecoin trading, with CASHCAT leading the way after a rapid run-up following its Robinhood spot listing. By August, the tokens attracting the most attention had shifted toward utility and infrastructure. According to The Block, projects including Delta, UP, and NetNet each saw their valuations rise approximately tenfold during the month.
The most prominent example is PONS, the native token of one of the chain's leading launchpads. Its market cap grew from around $20 million to above $200 million during August alone, according to The Block. On Aug. 30, PONS led all tokens on the chain with $67.38 million in volume, 135,566 trades, and 12,670 unique traders, per Dune Analytics data.
Tokenized equities are also playing a growing role. Daily trading volume in tokenized real-world assets hit a record $85 million on Aug. 25, with representations of stocks such as NVDA and AAPL accounting for a significant share, according to Crypto Briefing. Uniswap has emerged as the dominant venue on the chain, handling the bulk of DEX volume since launch.
Robinhood Chain launched its public mainnet on July 1 as a permissionless Ethereum Layer 2 built on Arbitrum technology. The speed of its growth, from zero to competing with established networks on daily volume within two months, has drawn attention across the DeFi space. The key test ahead is whether that volume holds once speculative momentum cools.
Sources:
Bloomingbit: Robinhood Chain DEX Volume Hits $1.33 Billion, Surpassing Ethereum, BNB Chain and Base
The Block: Robinhood Chain activity surges in August as DEX volume nears $1 billion
Crypto Briefing: Robinhood Chain daily DEX volume hits new all-time high
According to an official announcement, Binance Futures will launch the MARSCOINUSDT perpetual contract at 09:45 UTC on September 1, 2026, with a maximum leverage of 20x. MarsCoin is a meme token built on BNB Chain, which distributes SPCXB (a tokenized stock asset) to its holders. The contract’s specifications are as follows: minimum trade size of 1 MARSCOIN, minimum notional value of 5 USDT, funding rate cap of +2%/-2%, settlement every 4 hours, support for multi-asset margin mode, and 24/7 trading. Contract copy trading will be available within 24 hours of the contract’s launch.
Record Holder Counts and Billions in Volume@Ondo is recording some of its strongest growth figures to date on @BNBChain, as the network celebrates its sixth anniversary. The protocol's unique holder count for its yield-bearing products, including the token at ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3, has surpassed 173,000, reflecting broad uptake from both retail and institutional clients seeking on-chain exposure to real-world assets (RWAs).
The growth in holders mirrors a wider trend across the RWA sector. Ondo sits at the center of that shift, with its tokenized stock and treasury products accumulating hundreds of millions in TVL on BNB Chain alone.
The figures underline why BNB Chain has become a primary venue for Ondo's institutional ambitions.
BNB Chain as an RWA PowerhouseBNB Chain's infrastructure has proven well-suited for tokenized assets. That momentum has made it one of the most active destinations for institutions moving fixed-income and equity exposure on-chain.
That kind of performance gives institutional participants the speed and reliability they require when trading tokenized securities around the clock.
The breadth of that product lineup, combined with BNB Chain's low fees and fast finality, positions the pairing as one of the more credible on-ramps for mainstream adoption of tokenized finance.
Sources:
Ondo Finance 2025 Recap: Wall Street 2.0 Goes Global
BNB Chain H2 2026 Tech Roadmap
BNB Chain Latest Updates, CoinMarketCap
How trustlines drive up your locked XLMHolding a token on @StellarOrg's network comes with a cost that is paid before any tokens arrive.
So each new asset a user holds, each open trade offer, each additional signer and each data entry all add to the minimum balance in the same way.
That ceiling applies across all subentry types combined.
Lowering the reserve and sponsorship optionsThe minimum balance is not fixed permanently.
Removing those trustlines via the change_trust operation brings the minimum back down to the 1 XLM baseline.
There is also a delegation route. Stellar's sponsored reserves feature allows another account to cover a user's reserve obligations, shifting the locked $XLM to the sponsor's balance rather than the user's.
Sources:
Stellar Docs: Understanding Lumens and Minimum Balances
Stellar Docs: Understanding Accounts and Subentries
Stellar Lumens (XLM) has become a prominent platform for issuers in the Real World Asset (RWA) space, drawing increasing attention as tokenization gains traction within the crypto market.
Major bond issuers turn to StellarSeveral major institutional players have chosen Stellar’s Layer-1 blockchain for issuing tokenized assets, citing advantages such as network reliability and cost efficiency. Asset management firm Franklin Templeton, well known for its BENJI fund, was among the first to experiment with RWA tokenization on Stellar at a significant scale. Franklin Templeton manages a wide range of investment products and has pioneered blockchain-based securities in the US market.
Other institutional issuers soon followed. WisdomTree, a global asset management company, became another significant participant, launching millions of dollars’ worth of tokenized US treasury products on Stellar. The move was seen as a signal of wider institutional adoption of blockchain-based asset issuance.
By 2025, a new wave of projects led by Ondo Finance (noted for its USDY token), Mercado Bitcoin, Centrifuge, RedSwan, and PayPal’s PYUSD stablecoin had expanded the use cases for tokenized assets on the network. While stablecoins like PYUSD do not fall within the traditional RWA category, their presence highlights the growing diversity of assets leveraging Stellar’s chain.
In 2026, additional projects, including Spiko, Tradable, and Realiz, entered the Stellar RWA ecosystem. These issuers have contributed to a rapid spike in the total RWA market cap recorded on the network.
Mini dictionary: Real World Asset (RWA), refers to tangible, non-crypto assets—such as government bonds, real estate, or commodities—that are tokenized and represented on blockchain networks for enhanced liquidity, transparency, and accessibility.
Rapid growth in tokenized asset valueData from Stellar’s dedicated Dune Analytics dashboard indicates that the total RWA market cap on the network jumped from $0.4 billion at the end of 2024 to approximately $4 billion by 2026. Most of this sharp increase occurred during 2026, driven by the launch of new large-scale RWA projects.
The largest contributors to Stellar’s RWA growth include Spiko, which expanded from almost zero to $1.5 billion; Realiz, valued between $500 and $560 million; Tradable, with tokenized assets worth roughly $550 million; Ondo, responsible for approximately $535 million (mainly via the USDY stablecoin); and Franklin Templeton (BENJI), maintaining a $550 million market cap.
RWA ProjectMarket Cap (approx.)Launch PeriodSpiko$1.5 billion2026Realiz$500–560 million2026Tradable$550 million2026Ondo (USDY)$535 million2025Franklin Templeton (BENJI)$550 million2024XLM price trends and sentiment shiftDespite the substantial growth in tokenized RWAs on Stellar, the price of XLM fell by 50% over the past year, underperforming the significant activity in its ecosystem. Year-to-date, XLM has declined another 12%, reflecting ongoing uncertainty among large holders.
Nevertheless, there are indications of improving sentiment among significant investors, also known as whales, as the RWA sector on Stellar’s network expands. Observers point to the quadrupling of RWA market capitalization and more defined regulatory guidance as catalysts for optimism about the blockchain’s long-term potential.
Despite XLM’s 50% drop over the past year and a further 12% decline year-to-date, the native network’s RWA market nearly quadrupled, reaching about $4 billion in total value, fueled by new large institutional issuers.
The U.S. Department of Commerce has initiated a collaboration with Chainlink to provide macroeconomic data onchain, enabling blockchain applications to access official U.S. economic data. This development, reported by Chainlink, involves the Bureau of Economic Analysis data, including real GDP and the PCE Price Index, now accessible across multiple blockchain networks. This move suggests an increased integration of government data with blockchain technology, enhancing the potential for smart contracts and decentralized applications to utilize reliable economic indicators. The feeds are live on prominent chains such as Ethereum, Base, and Arbitrum, among others, expanding the reach of onchain government data.
Advertisement
Key Takeaways The U.S. Department of Commerce’s collaboration with Chainlink appears to enhance the integration of blockchain technology with official economic data. Market pricing suggests potential increased interest in blockchain-based applications as government data becomes more accessible. The provision of macroeconomic data onchain is consistent with scenarios that support the utility and adoption of blockchain technology. What to Watch Observers should monitor how this integration might influence blockchain adoption, particularly in sectors relying on economic data for smart contract execution. Additionally, market participants may watch for any significant shifts in the pricing of Bitcoin and other cryptocurrencies, as enhanced data accessibility could impact investment decisions. Further developments from the U.S. Department of Commerce regarding expanded data feeds might also affect market perceptions of blockchain applications.
Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Term Structure
Contract Odds Δ since publish Volume 24h December 31 1.3% — — View market → December 31 1% — — View market → December 31 1.7% — — View market → December 31 3.7% — — View market → December 31 8.5% — — View market → January 1 2027 24.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 2.5% — — View market → January 1 2027 0.9% — — View market → January 1 2027 1.3% — — View market → January 1 2027 3.1% — — View market → January 1 2027 5.4% — — View market → January 1 2027 12.5% — — View market → January 1 2027 22.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1% — — View market → January 1 2027 2.1% — — View market → January 1 2027 14.5% — — View market → January 1 2027 6.5% — — View market → January 1 2027 3.8% — — View market → January 1 2027 1.7% — — View market → January 1 2027 1.8% — — View market → January 1 2027 1% — — View market → January 1 2027 1.2% — — View market → January 1 2027 0.4% — — View market → January 1 2027 34.5% — — View market → January 1 2027 68.5% — — View market → January 1 2027 57.5% — — View market → January 1 2027 38% — — View market → January 1 2027 83.5% — — View market →
The US Department of Commerce is now pushing macroeconomic data directly onto public blockchains through Chainlink, marking the first time a federal agency has published official economic statistics onchain. The collaboration, confirmed on August 28, 2025, delivers six data feeds sourced from the Bureau of Economic Analysis to ten blockchain networks.
What’s actually going onchain The six metrics being delivered through Chainlink Data Feeds cover three core economic indicators, each tracked in two formats. Real GDP gets reported as both a level figure and an annual rate percent change. The Personal Consumption Expenditures Price Index, the Federal Reserve’s preferred inflation gauge, follows the same dual format. And Real Final Sales to Private Domestic Purchasers rounds out the set with level and annual rate data.
All six are sourced directly from Bureau of Economic Analysis releases and will be updated on either a monthly or quarterly basis, matching the BEA’s existing publication schedule.
Advertisement
The initial rollout spans ten blockchain networks: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Chainlink has indicated plans to expand to additional networks based on demand.
Chainlink’s data feeds are certified with ISO 27001 and SOC 2 Type 1 standards.
Why a federal agency cares about blockchains Commerce Secretary Howard Lutnick has positioned this initiative as part of a broader push to leverage blockchain technology for data transparency.
The Department of Commerce isn’t limiting itself to Chainlink. In a separate but related effort, the department has uploaded Q2 2025 GDP data to additional blockchain networks including Bitcoin and Solana. That parallel project involved collaborations with major exchanges like Coinbase and Kraken. Chainlink clarified that it was not involved in that portion of the initiative.
The department has also partnered with the Pyth Network to facilitate broader integration of economic data within the DeFi ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The US Commerce Department has partnered with Chainlink to publish key government economic statistics on public blockchains, giving blockchain applications direct access to official GDP and inflation data feeds.
Chainlink Brings US Economic Data to Public Blockchains The Commerce Department is distributing official macroeconomic statistics through Chainlink Data Feeds. The initiative brings data from the Bureau of Economic Analysis, or BEA, to public blockchain networks for use by onchain applications.
The rollout covers six data feeds based on three major US economic indicators. These include real gross domestic product, the Personal Consumption Expenditures Price Index and Real Final Sales to Private Domestic Purchasers. Each indicator comes in two formats, covering its level and annual rate of change.
The PCE Price Index serves as the Federal Reserve’s preferred measure of inflation. Meanwhile, real GDP tracks inflation-adjusted economic output. Real Final Sales to Private Domestic Purchasers measures spending by private businesses and consumers.
Chainlink will update the feeds monthly or quarterly, depending on the BEA release schedule. As a result, blockchain users will receive updates based on the same government releases available through traditional channels.
Economic Data Goes Live Across 10 Blockchain Networks Chainlink initially supports the government data across 10 networks. The list includes Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic and ZKsync. Chainlink may add more networks as demand develops.
Chainlink operates as an oracle network that connects blockchains with information from outside their networks. Through this system, blockchain applications can access official economic statistics without developers manually transferring each BEA release onchain.
Commerce Secretary Howard Lutnick said, “We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.”
However, the Commerce Department has also used other providers for parts of its blockchain data program. A separate effort placed second-quarter 2025 GDP data on additional networks, including Bitcoin and Solana. Chainlink did not participate in that part of the program.
Chainlink Data Feeds Expand Uses for Government Statistics Publishing economic data onchain allows blockchain applications to use government statistics directly in automated products. Potential uses include inflation-linked assets, prediction markets, trading applications and financial products that rely on macroeconomic indicators.
The arrangement also connects official government statistics with decentralized finance applications. Developers can use Chainlink feeds to build products that respond to new GDP, inflation or spending figures after the BEA publishes its scheduled updates.
Separately, Chainlink provides data infrastructure for Coinbase Tokenized Stocks on Base. Its price feeds support tokenized shares such as NVDAc, AAPLc, METAc and GOOGLc in decentralized finance applications, including lending and borrowing products.
Chainlink’s data feed infrastructure carries ISO 27001 and SOC 2 Type 1 certifications. The Commerce Department partnership adds official US macroeconomic statistics to the external information that Chainlink makes available across supported blockchain networks
For more guidance, compare the best platforms to trade tokenized stocks safely today.
Chainlink has made six official U.S. economic data feeds covering GDP, inflation, and private domestic demand available across 10 public blockchain networks.
Summary
Six feeds cover the level and annualized change of three U.S. economic indicators. 10 networks initially support the data, including Ethereum, Base, Arbitrum, and Avalanche. Monthly and quarterly updates follow the Bureau of Economic Analysis publication schedule. Onchain applications can use the figures in markets, financial products, and risk systems. Chainlink said the U.S. Department of Commerce is using its oracle infrastructure to distribute macroeconomic statistics produced by the Bureau of Economic Analysis, giving blockchain applications access to government figures without requiring developers to enter each release manually.
The U.S. Department of Commerce is leveraging Chainlink to bring key government macroeconomic data onchain:
• Real GDP
• PCE Price Index
• Real Final Sales to Private Domestic Purchasers
— Chainlink (@chainlink) September 1, 2026 The program covers real gross domestic product, the Personal Consumption Expenditures Price Index, and Real Final Sales to Private Domestic Purchasers. Each indicator is available through two feeds: one reports the current level, while the other shows its quarter-over-quarter change at an annualized rate.
Data is initially available on Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic, and ZKsync. Chainlink said support for other networks can be added in response to user demand.
Although Chainlink drew fresh attention to the arrangement in a recent X post, the feeds were first announced in August 2025. The Commerce Department worked with both Chainlink and Pyth Network at the time, using the two oracle providers to place selected BEA data on public blockchains.
Chainlink feeds deliver six US economic measures Real GDP measures the value of goods and services produced in the United States after adjusting for inflation. The level feed reports the figure in billions of chained 2017 dollars, while the second feed records the quarter-over-quarter percentage change at a seasonally adjusted annual rate.
The PCE Price Index tracks changes in the prices U.S. consumers pay for goods and services. The Federal Reserve uses PCE data as its preferred inflation measure when assessing progress toward its 2% target, making the releases closely watched by investors across stocks, bonds, currencies and digital assets.
Chainlink’s PCE feeds provide both the headline index level, with 2017 set as the base year, and the quarter-over-quarter annualized change. The BEA publishes monthly PCE estimates as part of its Personal Income and Outlays report, while quarterly readings also appear in the national economic accounts.
Real Final Sales to Private Domestic Purchasers, the third indicator, measures inflation-adjusted spending by consumers and private businesses. By excluding government spending, exports, and inventory changes, the figure provides a focused measure of private domestic demand, according to the BEA.
Its two feeds follow the same structure used for GDP: one reports the level in chained 2017 dollars, and the other gives the annualized quarterly rate of change. Chainlink updates the six feeds monthly or quarterly, depending on when the BEA releases the underlying figures.
Government data can support automated onchain products Oracle networks connect blockchains with information created outside their systems. Smart contracts cannot retrieve government statistics on their own, so an oracle provides the data in a format that blockchain applications can read and use.
According to Chainlink, direct access to BEA figures could support inflation-linked digital assets, prediction markets, perpetual futures, and automated trading products. Developers may also use the feeds to build dashboards or adjust risk settings in decentralized finance protocols after a new economic report is published.
A prediction market, for example, could use an official feed to settle a contract tied to quarterly GDP growth. An inflation-linked product could reference the PCE Price Index, while a lending protocol could incorporate changes in private demand into a predefined risk model. Chainlink identified each of those areas as a possible use rather than a product already launched through the Commerce Department arrangement.
The data feeds do not release economic statistics earlier than the government’s usual publication channels. Updates follow the BEA schedule, meaning onchain users receive the same underlying figures released to the public through official reports.
Chainlink said its feed infrastructure has received ISO 27001 certification and a SOC 2 Type 1 attestation. Such credentials concern the controls and information-security processes supporting the service; they do not remove the need for individual applications to manage smart-contract, market, and data-integration risks.
Commerce Department previously placed GDP on nine networks The Chainlink feeds form one part of the Commerce Department’s blockchain data program. In August 2025, the department separately published second-quarter U.S. GDP information across nine networks, including Bitcoin, Ethereum and Solana.
As previously covered on crypto.news, the agency published a cryptographic hash of its full report and the reported 3.3% annualized GDP growth rate. Coinbase, Gemini, and Kraken helped distribute the information, while Chainlink and Pyth supported other parts of the program.
Commerce Secretary Howard Lutnick described the initiative as a way to make U.S. economic information globally accessible and resistant to alteration.
“We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.”
Publishing a hash on a blockchain differs from maintaining an oracle feed. A hash can help users confirm that a document has not changed, while a data feed places a specific value in a format that smart contracts can reference during automated transactions.
Chainlink expands feeds for tokenized financial assets Chainlink has also extended its data infrastructure to tokenized stocks and other real-world assets. On Aug. 26, the company introduced price feeds for Coinbase-issued versions of Nvidia, Apple, Meta, and Alphabet shares on Base.
The NVDAc, AAPLc, METAc, and GOOGLc feeds allow lending applications to calculate collateral values, borrowing limits, loan health, and liquidation thresholds. Coinbase currently limits the underlying tokenized stock products to eligible non-U.S. investors, meaning the Chainlink integration does not make the assets available to U.S. users.
In an Aug. 10 research note, Standard Chartered set a $200 target for LINK by the end of 2030. Analyst Geoff Kendrick based the forecast partly on expected growth in tokenized assets and decentralized finance, projecting that assets held on blockchains could reach $4 trillion by the end of 2028. The estimate represents the bank’s forecast and is not guaranteed.
Coinbase’s initial Chainlink-supported stock feeds use total-return values that combine the underlying share price with information from the exchange’s onchain oracle registry. Supported assets are issued under Coinbase’s B20 token standard, with each token representing an interest in a U.S.-listed share held through the product’s custody structure.
How Chainlink Proof of Reserve Feeds Work@chainlink Proof of Reserve (PoR) feeds give smart contracts a direct way to check whether a token's backing actually exists before executing. That means developers can
Each feed is labeled by its data source so integrators know exactly what they are trusting. For on-chain assets, cross-chain feeds read the wallet addresses a project registers. and Chainlink labels these issuer-attested routes so integrators can weigh the trust level accordingly.
The feeds update automatically: keeping costs manageable without sacrificing timeliness.
Secure Mint Closes the Infinite-Mint Attack VectorKnowing that reserves exist is useful. Enforcing that knowledge at the moment of minting is where Secure Mint comes in.
The stakes are real. Past incidents illustrate the risk: and
Secure Mint addresses this directly. The same mechanism extends to wrapped assets:
For stablecoin issuers, wrapped asset protocols, and tokenized real-world asset projects, the combination of labeled reserve feeds and enforced mint controls gives both builders and users a clearer picture of what is actually backing the tokens they hold.
Sources:
Chainlink Documentation: Proof of Reserve Feeds
Chainlink Blog: Secure Mint Explained
Chainlink Education Hub: What Are Proof of Reserves?
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
OKX has added 10 USDC spot margin pairs for European customers, offering up to 10x leverage as NEAR and ENA gained 7.2% and 5.6%, respectively, over the past 24 hours.
Summary
OKX added USDC margin markets for HYPE, ZEC, LINK, ONDO, ENA, AAVE, NEAR, TRUMP, OKB, and BNB. Selected markets allow up to 10x leverage, with interest charged hourly on borrowed funds. NEAR led the listed tokens with a 7.2% daily gain, followed by ENA at 5.6%. All 10 pairs use USDC, whose reserves include cash and short-dated U.S. government debt. According to a Sept. 1 press release shared with crypto.news, the new markets expand OKX’s spot margin service for European customers, allowing eligible traders to take long or short positions across 10 additional tokens.
The exchange added HYPE/USDC, ZEC/USDC, LINK/USDC, ONDO/USDC, ENA/USDC, AAVE/USDC, NEAR/USDC, TRUMP/USDC, OKB/USDC, and BNB/USDC. Availability may depend on the customer’s location and account eligibility under local rules.
OKX spot margin adds 10 USDC markets Under the expanded service, customers can borrow assets against collateral and use the funds to open positions larger than their account balance. OKX said selected markets support leverage of up to 10x, although the available limit may differ by pair and user.
Unlike a derivatives contract, a spot margin trade involves buying or selling the underlying asset with borrowed funds. A trader expecting a token to rise can borrow USDC to increase a purchase, while someone expecting a decline can borrow the token and sell it before attempting to repurchase it at a lower price.
According to the exchange’s European margin guide, interest begins accruing once an order is filled and continues until the debt is repaid. Customer assets serve as collateral for loans supplied by other users.
OKX said its borrowing charges are calculated hourly and apply only to the amount borrowed. The company does not impose a separate fee for opening the margin position or a recurring rollover charge, though normal trading and liquidation fees can still apply.
For Bitcoin, the exchange said borrowing rates begin at an annual percentage rate of 0.5%. Rates can vary by asset, customer tier, and market conditions, meaning the starting Bitcoin rate does not necessarily apply to each of the newly listed tokens.
Using a hypothetical example, OKX estimated that a €1,000 Bitcoin position held at 5x leverage for seven days would generate €0.08 in borrowing costs at a constant 0.5% APR, excluding trading and liquidation fees and assuming no price movement.
The company compared that amount with an unnamed platform charging a 0.02% opening fee and another 0.02% every four hours. Under OKX’s calculation, the same hypothetical position would cost €8.60 over one week on the competing platform. The comparison was supplied by OKX and does not identify the platform or account for possible changes in either company’s rates.
NEAR and ENA lead the listed tokens CoinGecko data showed that six of the 10 newly supported tokens had gained over the preceding 24 hours at the time of writing, while three declined and ONDO traded nearly unchanged.
NEAR recorded the largest increase, rising 7.2% to $2.01 on approximately $299.8 million in daily trading volume. ENA followed with a 5.6% advance to $0.1610 as its 24-hour volume reached about $629.2 million.
AAVE gained 2.7% to $127.59, while ZEC climbed 1.6% to $855.22. HYPE rose 1.5% to $83.33, supported by roughly $1.43 billion in daily volume, and LINK added 0.5% to trade at $11.38.
ONDO changed by less than 0.1% and traded near $0.3444. Among the declining tokens, BNB fell 0.4% to $686.29, OKB lost 0.5% to $110.92, and TRUMP dropped 0.8% to $2.39, according to CoinGecko.
Daily gains do not remove the additional risk created by leverage. OKX’s margin documentation states that leverage increases both potential profits and losses, while interest continues to accrue until borrowed assets are fully repaid.
Under cross-margin settings, OKX calculates risk across the assets held in the account. The platform’s cross-margin documentation says positions may be partly or fully liquidated if adjusted account equity becomes insufficient to meet maintenance-margin requirements. Isolated margin can confine the collateral and debt to an individual position, depending on the market and account configuration.
USDC supports OKX’s European expansion All 10 additions are quoted against USDC, placing the dollar-backed stablecoin at the center of the expansion. OKX had already introduced a way for eligible European customers to deposit USDT and convert it into USDC across 30 European Union and European Economic Area countries.
On July 18, crypto.news reported on the conversion, which was introduced as European platforms adjusted their stablecoin services to comply with the Markets in Crypto-Assets framework.
The regional competition changed further after some rival platforms faced licensing limits. A July 5 report found that Binance customers in France had retained withdrawal access but lost trading access after the exchange did not secure approval before the applicable MiCA deadline.
OKX has also added products beyond conventional cryptocurrency pairs. On June 9, the exchange introduced 13 X Perps for European users, providing price exposure linked to U.S. stocks, exchange-traded funds, equity indexes and commodities, including Apple, Nvidia, SPY, QQQ, gold and oil.
For U.S. readers, the connection comes through USDC and the assets supporting the stablecoin rather than direct access to the European offer. OKX’s Sept. 1 announcement applies to European customers and does not state that the 10-pair rollout extends to accounts in the United States.
Circle, the U.S.-based issuer of USDC, says the stablecoin is redeemable one-for-one for U.S. dollars and backed by highly liquid cash and cash-equivalent assets. According to Circle’s reserve disclosure, most USDC reserves are held in the Circle Reserve Fund, an SEC-registered government money market fund managed by BlackRock.
Circle says the fund may hold cash, short-dated U.S. Treasury securities and overnight Treasury repurchase agreements, while Bank of New York Mellon serves as custodian. BlackRock publishes daily portfolio reporting, and Circle provides monthly third-party reserve assurances.
OKX’s European customers therefore use a U.S. dollar-denominated settlement asset when borrowing or trading across the new markets. The company’s announcement did not disclose initial borrowing limits, liquidity levels or asset-specific APRs for the 10 pairs, leaving those terms to the rates and position tiers displayed to eligible customers on the platform.
Someone just moved roughly $221M in USDC into Coinbase from an unidentified wallet. On-chain tracker Whale Alert flagged the transfer, which joins a growing list of nine-figure stablecoin deposits hitting the exchange this year.
A familiar pattern in 2026 This transfer isn’t an anomaly. Earlier this year, similar movements between unknown wallets and Coinbase clocked in at roughly $199M, $211M to $213M, $230M, and $272M. The current $221M deposit sits comfortably in the middle of that range, suggesting operational consistency rather than a one-off event.
The sender’s identity remains unknown. That’s not unusual for large stablecoin transfers, which frequently originate from institutional wallets, over-the-counter desks, or treasury management accounts that don’t carry public labels on blockchain explorers.
Advertisement
What large exchange inflows typically signal Treasury rebalancing is one common explanation. Circle, the issuer of USDC, regularly moves large amounts of the stablecoin as part of its minting and redemption operations. Institutional clients settling trades, rotating between custodians, or simply managing cash positions also generate transfers of this size.
Liquidity preparation is another possibility. Market makers and trading firms frequently pre-position stablecoins on exchanges ahead of anticipated volatility or planned trading strategies.
Coinbase’s role as a stablecoin hub Coinbase’s position as a central node for USDC flows isn’t coincidental. The company has a deep commercial relationship with Circle, co-founding the Centre Consortium that originally governed USDC. Coinbase earns revenue from USDC reserves and has built significant infrastructure around the stablecoin.
The frequency of these transfers in 2026 reinforces Coinbase’s dominance in the institutional stablecoin market. When transfers of $200M to $272M are landing on a single exchange multiple times over the course of months, it reflects deep, ongoing relationships with large-scale participants rather than sporadic whale activity.
What to watch next If the funds stay parked on Coinbase without corresponding buy orders or outflows, the deposit likely reflects custody or settlement activity. If on-chain observers spot large market orders or significant outflows of Bitcoin, Ethereum, or other assets from Coinbase in the coming days, that would suggest the deposit was preparation for a buying spree.
No concrete links between this transfer and other significant market events have been established. A single inflow, even one worth $221M, doesn’t tell a complete story without visibility into subsequent trading activity or outflows from the Coinbase wallet.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Felix Pago, a stablecoin remittance platform operating primarily in Latin America, has secured $200 million in Series B funding. The round consists of $87 million in equity and $113 million in credit, as the company looks to widen its suite of financial products and services.
Funding Led by Leading Venture FirmsAndreessen Horowitz, known as a16z, led the equity portion of the funding round, while General Catalyst’s Customer Value Fund extended the credit facility. The latest financing round highlights growing investor interest in companies leveraging blockchain technology for cross-border payments beyond the traditional cryptocurrency trading sphere.
Felix Pago currently facilitates payments primarily from the US to Mexico, using stablecoins as the infrastructure for remittances. The platform uses WhatsApp as its customer interface, allowing users to easily send funds, while settlements are completed quickly via the USDC stablecoin and blockchain technology.
This model aims to make cross-border money transfers not just faster, but also potentially less expensive for migrant workers and families compared to traditional remittance services.
Focus on Expansion and New Financial ServicesFollowing the Series B raise, Felix Pago plans to extend its operations into new markets. The company also intends to broaden its product suite, with ambitions to develop lending and savings products in addition to its current remittance service. According to reports shared by Wu Blockchain and attributed to Bloomberg, Felix Pago has already processed over $8 billion in remittances.
In addition, Felix Pago is reportedly working on an AI-driven financial assistant to further enhance customer experience and lead its stablecoin-based network toward a more integrated financial services platform.
Mini dictionary: Felix Pago is a financial technology company specializing in cross-border remittances using stablecoins and blockchain infrastructure. It focuses on simplifying global money transfers and is known for integrating popular messaging platforms like WhatsApp as a transaction interface.
The platform’s reliance on USDC highlights the growing presence of this specific stablecoin in real-world payment applications. USDC, issued by Circle, is a fully-backed digital dollar designed for stability and used increasingly for both trading and cross-border transfers.
RoundAmountLead InvestorTypeSeries B$200 millionAndreessen HorowitzEquity + Credit$87 millionAndreessen Horowitz (a16z)Equity$113 millionGeneral CatalystCredit FacilityOutlook for Stablecoin AdoptionFelix Pago’s new funding places it among a growing number of companies using stablecoins as critical payment infrastructure, moving beyond mere digital currency trading. Investors and industry observers are closely watching whether such efforts will encourage wider adoption of stablecoins like USDC across the mainstream financial sector.
Key metrics that market participants are monitoring include Felix Pago’s transaction growth, entry into lending and savings, and the broader uptake of similar blockchain-based settlement mechanisms by other fintech players.
Felix Pago has processed over $8 billion in remittances and is now targeting expansion into lending, savings, and AI-driven financial services, seeking to leverage its stablecoin-based platform for broader financial integration.
The successful fundraising confirms the expanding role of stablecoins as both assets and payment infrastructure. With plans to increase its product offerings, Felix Pago could help determine the scale at which stablecoin-powered remittance platforms may penetrate conventional financial markets.
Selling a tokenized stock back to @Ondo (ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3) does not return the underlying share. What arrives in your wallet is $USDC or USDon (ethereum:0xace8e719899f6e91831b18ae746c9a965c2119f1), the dollar stablecoin native to the Ondo Stocks platform, representing the share's cash value at the time of redemption.
How the redemption process works The speed of settlement depends on which stablecoin you redeem into. Redemption to USDon is always instant. Redemption to $USDC is also instant, provided Ondo's stablecoin swapper holds enough liquidity. If the swapper is short on $USDC, the user receives USDon first and can convert later, though that conversion requires Ondo to whitelist the wallet in question.
The underlying stock itself never moves on-chain. According to Ondo's documentation, all holdings are kept with one or more US-registered custodial broker-dealers. An independent third-party security agent, Ankura Trust Company, holds a first-priority, perfected security interest in the collateral for the benefit of token holders. That structure is designed to keep investors protected even in the event of an issuer failure.
Total return tokens and corporate actions Ondo's tokenized stocks are structured as total return trackers. Dividends are reinvested into the token net of any applicable withholding tax, which means a single token can come to represent more than one underlying share over time as value accumulates. Minting and redemption can be paused during corporate actions or periods of significant market volatility.
The broader context matters here. Ondo recently launched 24/7 instant minting and redemption for a selection of its most actively traded tokenized stocks and ETFs across Ethereum, BNB Chain, and Solana, removing the prior weekday-only constraint tied to US market hours. The platform now lists over 430 tokenized stocks and ETFs. In July 2026, Ondo's broker-dealer subsidiary, Oasis Pro Markets, also received FINRA authorization to offer tokenized equities to US institutional and retail investors, a significant regulatory milestone for the sector.
For users, the practical takeaway is straightforward. Redeeming a tokenized stock from Ondo converts your position into stablecoin liquidity, not a brokerage holding. The cash value is settled on-chain, and the custody structure behind it is designed to mirror the protections that exist in traditional securities markets.
Sources:
Ondo Finance: Investing and Redeeming Documentation
Ondo Finance: Trust and Transparency Documentation
TheStreet: Ondo Finance Clears a Major Hurdle for Tokenized Stocks in the US
1 September 2026 | 20:01 Crypto opened September lower as government-bond yields climbed and officials renewed their focus on the yen, leaving Bitcoin near $77,500 without evidence of market-wide capitulation.
Key Takeaways Bitcoin fell 1.45% to roughly $77,500. Monero and TRON led daily losses. Rising yields make speculative assets less attractive. A rapid yen reversal threatens carry trades. September opens with a controlled pullback Bitcoin traded at approximately $77,500 at 19:50 UTC on September 1, down 1.45% over 24 hours, according to CoinMarketCap. The CMC20 index declined 1.11% over the same period, placing Bitcoin’s move inside a broader but still contained market pullback.
Among the leading cryptocurrencies tracked at the time, Monero posted the steepest daily loss, falling 3.6% to $502. TRON dropped 2.8% to $0.32, Solana lost 1.6% to $101 and Ethereum declined 1.5% to $2,430. Monero nevertheless remained almost 13% higher over seven days, while Solana retained a weekly gain of 2.6%. Their daily losses therefore followed recent strength rather than extending a weeklong sell-off.
The losses were broad enough to show weaker risk appetite, but not severe enough to establish that investors were rushing out of crypto. The crypto pullback coincided with a sharper repricing in oil and government bonds, where the potential consequences extended beyond a single trading session.
Oil and Fed expectations push yields higher Reuters reported that the US 10-year Treasury yield reached 4.80% before easing toward 4.77%, while Brent crude moved above $92 per barrel. The geopolitical pressure intensified later in the session when The Guardian reported that US forces had begun striking IRGC targets after the US military accused Iran of attempting attacks against commercial shipping and American personnel in the region. Further disruption around the strait could keep oil prices elevated and make inflation more difficult for central banks to contain.
The Federal Reserve reinforced that concern on September 1. Governor Michael Barr said inflation remained too high and argued that policymakers should raise rates decisively if price growth failed to moderate sufficiently. Interest-rate futures placed the probability of a September increase near 68%, according to Reuters.
That combination creates a direct valuation problem for crypto. Higher Treasury yields improve the return available from lower-risk assets while raising the cost of financing leveraged positions. Bitcoin does not need to experience a wave of bond-driven selling for those conditions to matter; investors are being offered more compensation for holding cash and government debt at the same time that speculative exposure is becoming more expensive.
Rates also explain why Japan cannot be treated as a separate currency footnote. The yen finances carry trades across global markets, while rising Japanese yields can make those positions more expensive to maintain. The speed and method of any policy response therefore matter more than the exchange rate alone.
The yen threat is a reversal, not weakness itself The yen’s slide toward 160 per dollar is not automatically bearish for Bitcoin. Japan’s historically low borrowing costs have allowed investors to borrow in yen and place that capital into assets offering higher potential returns. A weak currency can keep that strategy attractive as long as financing remains inexpensive and the exchange rate moves gradually.
The risk begins when the yen strengthens quickly or Japanese borrowing costs rise far enough to undermine those positions. Investors may then need to sell assets elsewhere, repurchase yen and repay their funding, allowing pressure that begins in Japan to reach equities, bonds and crypto.
That possibility returned to view after Japan’s 10-year government-bond yield touched 3% for the first time since 1996. Following an August 31 meeting, Japan’s Ministry of Finance said Japanese and US officials had reaffirmed that an orderly yen market was essential for global financial stability and that their joint efforts would continue.
The wording signals closer scrutiny, but it does not confirm another intervention. A gradual stabilization would give leveraged investors time to adjust, whereas a sharp reversal caused by intervention or higher Bank of Japan rates could force positions to close much faster. The funding method matters as well. That distinction shaped our earlier examination of Arthur Hayes’ yen thesis for Bitcoin, which showed why supporting the currency through liquidity facilities could produce different consequences from an aggressive BOJ tightening cycle.
Nothing in the September 1 crypto move proves that such an unwind has started. Evidence would require more than a weak trading session: the yen would need to appreciate rapidly as losses spread across leveraged markets and Bitcoin weakened alongside other risk assets. Until those conditions appear together, the currency remains a credible vulnerability rather than the established cause of the current decline.
Bitcoin still has room above $76,000 Bitcoin’s decline pushed it below $78,000 but left it above the first visible support area around $76,000. The daily BTC chart places the next deeper reference near $72,400, while the recent $80,000–$81,000 highs remain the barrier buyers must clear.
Bitcoin (BTC/USD) daily chart with Fibonacci retracement levels and RSI. Source: TradingView, Bitstamp. Captured September 1, 2026. A daily close below $76,000 would show that the pullback is reaching beyond the opening reaction to higher yields. Reclaiming $80,000 would instead indicate that buyers absorbed the macro pressure. Until either boundary breaks on a daily closing basis, Bitcoin remains under pressure without confirming a larger trend change.
September’s opening move is still a rates story As of time of writing the market is probably reacting to higher yields and a less favorable Federal Reserve outlook, while the yen remains a conditional risk. A sudden currency reversal accompanied by a Bitcoin close below $76,000 might be the first sign that those two pressures were beginning to reinforce each other.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment 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.
In this patch of your weekly Dispatch:Crypto majors’ trendsBanks make a blockchainEverybody buys BTCMarket cast
BTC: Daily chart cools, but trend holdsBitcoin's weekly chart keeps its bullish tilt, with price hovering around the 50-period SMA. The RSI, a momentum oscillator, is rising, and the Stochastic, another momentum oscillator, sits in overbought territory without yet showing signs of exhaustion, while the MACD, a trend and momentum indicator, keeps its histogram deep in positive territory and still climbing.
The daily chart has entered a brief consolidation after the run higher, though the broader bullish tone holds. Both the RSI and Stochastic are in overbought territory, and the next few sessions should show whether that momentum is starting to fade — the MACD histogram is already declining on this timeframe. The ADX, which measures trend strength, sits at very high levels and continues to rise, a sign the underlying trend remains intact even as momentum cools.
Key levels to watch: on the downside, immediate support sits around $77,000, with the next level near $75,000. To the upside, resistance comes in around $80,000, followed by $82,000, with the weekly 50-period SMA also acting as dynamic resistance along the way.
The big idea
Is a bull market forming for crypto?Last week's price action didn't move in a straight line: Bitcoin held its ground while Solana cooled after a bullish vote, Ether worked back toward a level it lost in January, and XRP eased off its own run higher. That's more optimism than the summer earned, but it isn't proof of a turn yet – whether it becomes one comes down, mostly, to the Fed, at least for now. Worth inspecting first: where each of these assets actually sits, and what could still provide the next leg up.
Bitcoin – holding on to gains: BlackRock's Robbie Mitchnick frames the rally – helped along by the Treasury's bond buybacks and talk of a government Bitcoin purchase – as Bitcoin's "risk-off" narrative reasserting itself, a fiscal-hedge trade rather than pure risk appetite. That matters more than the $81,455 high. CryptoQuant still wants a close above $83,100 before calling this an "official" bull phase, and some holders have already booked $1.2 billion in gains – a reminder the move is due a breather. What that means for Bitcoin's longer-term price targets gets its own space later in this issue.
Ethereum – A signal, not yet a trend: Ether's 50-day moving average crossed above its 200-day this week – a "golden cross," the kind of setup that has preceded sustained bullish phases before, though it guarantees nothing. Tom Lee's Bitmine kept buying through the move, adding 32,447 ETH last week, followed by another 53,501 ETH on Monday and narrowing its unrealized losses from $8.4 billion to under $5 billion. The catch: Ether is testing its 200-week average for the first time since breaking below it in January, and hasn't cleared it convincingly yet.
XRP – Whales ahead of the price: Whale wallets added roughly 460 million XRP during last week's pullback, the largest such build since February – a pattern that has preceded past rallies. The price hasn't confirmed it: a three-day pullback took XRP back toward $1.40 on profit-taking after an overheated run to $1.70. Regulatory clarity, via the CLARITY Act's continued progress, remains part of the case even where the chart isn't cooperating.
Solana – structural, not the chart: The real signal isn't the price. Institutions bought Solana through a bear market – the staking ETF crossed $1 billion in assets while still down 40% from listing – and validators just voted through a permanent cut to future supply, doubling the network's disinflation rate by the tightest possible margin. SOL falling from $109 to $105 the day the vote passed is noise against that; on-chain fundamentals and price don't always move together in the short run.
Strip away the daily noise and two things hold up: Bitcoin is behaving less like a risk asset, and Solana's validators just voted through real scarcity. Ether's retest, XRP's pullback, and Solana's sell-the-news reaction are short-term positioning, not reversals of the trend. The thesis breaks if Bitcoin's Nasdaq correlation snaps back, if Ether's golden cross fails to hold, or if this week's labor data revives September hike odds. Any one of those would mean the optimism was unearned after all. More on that below.
TradFi trends
39 Banks, one blockchainThirty-nine state banking associations have formed the BankChain Alliance, a coalition building a shared, industry-owned blockchain network for community and regional banks. The proposed system would support tokenized deposits, stablecoins, programmable payments, and automated settlement, targeting a 2027 launch. The alliance hasn't named a technology provider, disclosed its underlying blockchain, or detailed how deposits and stablecoins would actually be issued and settled – governance is modeled loosely on the Federal Home Loan Bank system. It joins a growing list of bank-led tokenization efforts, following JPMorgan's own deposit token, BNY's permissioned tokenized-deposit platform, and a Swift-led pilot with 17 global banks testing after-hours settlement.
Macroeconomic roundup
The Fed goes quiet, the data won'tAt Jackson Hole last week, Fed Chair Kevin Warsh used his first major address to explain why he won't tell markets what comes next – forward guidance, he said, has "overstayed its welcome." What he did confirm: inflation remains the Fed's "predominant focus," and the central bank still has "work to do." This week's run of labor data is what fills in the blank he left – and if it comes in weaker than expected, that would tone down fears of a September hike rather than stoke them.
ADP Employment (Sept 2): August's private-payrolls read, the last major print before Friday. Weakness here builds on the same case.
Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings (Sept 4): August's readings on all three, landing together at 12:30 UTC – the week's most consequential print for the Fed's next move. Weak takes a hike off the table; strong keeps it alive.
CME FedWatch puts the odds of a September hike at over 60%, up from 35% before Warsh spoke but still well below the roughly 82% priced in a month ago. Softer labor numbers this week are what would pull that number back down – and give the crypto rally covered at the top of this issue room to keep going.
The week's most interesting data story
Small wallets, big wallets, same tradeEvery wallet-size cohort is buying at once. Glassnode's accumulation trend score has held above the neutral 0.5 line across all six Bitcoin holder cohorts for 20 straight days since August 5 – the most persistent all-cohort accumulation since a 22-day run in late 2024. The move has been funded the whole way: $2.23 billion in ETF creations over the past week, with coins flowing off exchanges and up the size ladder into institutional custody. Larger wallets led the initial move; smaller wallets have built their positions steadily through the month rather than chasing the spike. The rally has also stayed narrow so far – large caps have meaningfully outperformed smaller ones – and a single cohort slipping back below the 0.5 line would be the first sign that the breadth behind this move is narrowing.
The numbers
The week’s most interesting numbers$150,000 – Bernstein's base-case Bitcoin target by mid-2027, on the way to $300,000 by 2029.
$2.8 billion – Strategy's paper profit on its 840,447 BTC as Bitcoin climbed to $79,007 on Sunday, prompting Saylor's "We're Back" post.
18.9 million – fewer SOL to be issued over the next six years after Solana validators voted to double the network's disinflation rate.
3% — the yield on Japan's 10-year government bond, its highest level since 1996, as a bond selloff keeps global rates in focus.
$217 million — Net inflows back into US spot bitcoin ETFs on Monday, resuming buying after Friday's one-day outflow snapped a nine-day streak.
Hot topic
What the community is discussingMarkets are returning from summer holiday?
Is an altcoin season in the making?
Will SOL do its own catching up?
Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].
@Algorand has passed 500,000 post-quantum signed transactions on its mainnet, marking a concrete milestone in the network's multi-year push to harden its infrastructure against future quantum computing threats.
Two sources, one milestone The count draws from two distinct categories. The first is State Proofs, which to protect the historical integrity of the chain. The second is a newer set of transactions from native post-quantum accounts, which went live more recently. Together, they pushed the total past the 500,000 mark.
The upgrade, which
What comes next on the roadmap
The broader roadmap targets multisig and consensus-level quantum resilience by the end of 2027.
adding urgency to the transition. Algorand's early positioning in this space has drawn attention, with
A Bridgeless Path Between Ledgers@hedera has opened a draft proposal for its Cross-Ledger Protocol, or CLPR (pronounced "clipper"), to public review, marking a significant step in the project's governance process. The draft was filed to the Hiero GitHub on August 19 by Hashgraph's Richard Bair and Edward Wertz, alongside Hedera co-founder Leemon Baird, before @hedera issued a public call for community feedback on Tuesday.
CLPR is designed to enable cryptographically secured communication and token transfers between independent blockchain networks, all without bridges, pooled liquidity, or intermediary validator networks. Under the proposal, a Hiero network would verify proofs of another ledger's state directly, meaning no wrapped tokens and no bridge validator set would sit in between the two chains.
Traditional bridges introduce intermediary trust points whose compromise can result in total loss of funds. CLPR instead establishes trust directly ledger-to-ledger using state proofs. Because it eliminates single points of failure and preserves each chain's native consensus model, security assumptions are not weakened, and transfers complete as fast as the underlying networks reach consensus.
Known Risks and the Road to ApprovalThe authors are candid about what remains unresolved. The proposal names verifier compromise as the primary systemic risk and flags an outstanding queue-flooding vulnerability that must be addressed before any production deployment.
The protocol is designed to be chain-agnostic. On the public blockchain side, CLPR is being built to first support major networks, including Ethereum and other widely adopted public chains. Its initial deployment targets interoperability between HashSphere private enterprise networks and the Hedera public network, covering both Sphere-to-Sphere and Sphere-to-Hedera transfers.
Before CLPR can reach the hedera-hashgraph native network, the proposal must clear two governance hurdles: approval from the Hiero Technical Steering Committee and formal acceptance by Hedera. Hiero is an open-source distributed ledger project under the Linux Foundation Decentralized Trust. That governance structure means the community review now underway is not ceremonial. Substantive feedback from the public comment period could shape the final specification before it advances.
Sources:
Hashgraph: CLPR, a new bridgeless standard for cross-ledger communication
PR Newswire: Hashgraph unveils three major announcements at HederaCon in Miami
Hiero Improvement Proposals on GitHub
‘She inspired my proposal … and our wedding day’Ciaran and Liam. Photograph: Unknown/Guardian CommunityI have always loved Yayoi Kusama’s work, and when I visited an exhibition of hers on a gap year in Sydney I was spellbound by her infinity mirror rooms. I immediately thought, despite being single at the time, this is a fantastic space to propose in. Fast forward around eight years and I am on one knee holding a ring out to my partner inside an infinity mirror room in Helsinki, with excited and expectant Finns looking on. He said yes. At the wedding, the breakfast was held under polka dotted pink lanterns. Kusama was a fantastic artist, who also protested for my ability to marry – performing her own gay wedding ceremonies before it was legally recognised – and inspired key aspects of my wedding. Liam, 40, Surrey
‘I saw her work and dissolved’Two years ago, while researching in Porto, I was encouraged by a friend to go see the Kusama retrospective at the museum in Parque de Serralves. I was fortunate to experience her remarkable installation Dots Obsession – Aspiring to Heaven’s Love. The powerful effect she termed as self-obliteration viscerally connected with me in that room. I didn’t exist, as I dissolved, the dots were everywhere. Humanity is blessed for her work and I’m grateful and humbled to have experienced it. David, Florida, US
‘I watched the sunset while sat next to her yellow pumpkin’I’ve been lucky enough to see a huge amount of Yayoi Kusama’s work in Japan and in Europe. Hunting down remote galleries in rural Japan to see her work, and spending time viewing it with no one else there has been an absolute treat. Sitting on the shore next to the yellow pumpkin on Naoshima [an “art island”] watching the sun set was one of the most beautiful experiences I’ve had. Her work brings me a sense of peace and calm. She was truly inspirational. Rachel, London
‘She connected with people who didn’t know about art’A lot has been written about Yayoi Kusama’s life and artistic achievements, but perhaps her greatest legacy lies in her ability to bring people into the experience of art, including people who don’t consider themselves art lovers, such as my mother. I loved seeing how my mum was drawn to Kusama’s image and polka-dot works when we visited Tokyo together. You don’t need pretentious art-speak or an understanding of art history to appreciate her work. That direct, instinctive response made the encounter pure and joyful. I bought her a little Kusama plush key chain, which she attached to her bag and carries wherever she goes. It has become a small part of her life; and, for me, a part of our memories together. Vivienne Chow, London
‘I climbed inside a red pumpkin on Naoshima’Sandie in the red pumpkin on Naoshima, Japan’s art island. Photograph: Guardian CommunityI only recently became aware of her work from a visit to Naoshima, Japan’s art island, where two of her pumpkins are on display. Red Pumpkin is particularly great as you can climb inside. On returning home I was surprised and delighted that a pumpkin sculpture had arrived at Goodwood Art Foundation in Sussex. I’m now researching where to find more pumpkins as they always make me smile. Sandie, 61, London
‘I used to pee beneath a photo of her chopping a penis with a knife’From 2008 to 2012 I worked in Tokyo. On weekends I’d go to a gay bar in Shinjuku 2-chome for their ¥1000 “all you can drink” beer for several hours. Above the toilet was a black-and-white photo of Yayoi Kusama looking directly at the camera while holding a big knife chopping a penis (it was really a dildo) on a chopping board. Her eyes were powerful and drew you in. The picture was quite daunting to be looking at while you were peeing. I love that picture and her – she had a very mischievous face and her art was amazing. Peter Allison, 51, Stockton-on-Tees
‘Like losing a favourite neighbourhood auntie’We live around the corner from the Kusama Museum in Tokyo. It opened in 2017 when our now 11-year-old son was just two. We’ve visited every year since, watching him grow bigger among Kusama’s pumpkins and infinity rooms. We’ve often visited the museum as a pick-me-up when feeling down. My son and I watched the sunset from the roof on the day the UK exited the EU. Losing Kusama San is like losing a favourite neighbourhood auntie who was always there to bring us good cheer. Tina Burrett, 49, Tokyo, Japan
‘The world is a more colourful, whimsical, magical place”’I found her art rather late in my life, after 50, but it resonated with me so much that now I have one of her prints in nearly every room of my home. I find them all extremely uplifting and endlessly fascinating. The more I learned about her the more inspired I felt. From her devastating mental health struggles she found such a brilliant way of harnessing the most unique forms of creativity. There is a true magic in that, and we can all benefit from the lessons she has left us with. An enormous talent she was, and the world is a more colourful, whimsical and magical place graced with the art she made over her long and interesting life. Rest in Power dear Yayoi. You were loved and will be greatly missed. Susan, 55, Florida, US
Uniswap (UNI) maintains a firm bullish outlook, trading at $5.84, up more than 10% on Tuesday. The decentralized exchange (DEX) native token has marked four straight days of gains, underpinning a robust technical structure. A breakout above $6.00 could help affirm bullish control, while consolidation below that level may encourage profit-taking and raise the odds of a correction.
Uniswap dominates RWA DEX volumeUniswap has continued to dominate real-world assets (RWA) trading volume at 60% last week, up from 40% the previous week. The self-reported stats indicate growing user engagement and a shift to DEX exchanges for RWA transactions.
Uniswap RWA volume | Source: UniswapThe volume increase matches growth in the broader RWA sector, with an active market cap of $31 billion across 217 assets, according to DefiLlama. If Uniswap continues to dominate the RWA sector, it will provide a strong tailwind to support an extended uptrend.
RWA active market cap | Source: DefiLlamaMeanwhile, the derivatives market shows signs of steady growth, with Open Interest (OI) rising to 85 million UNI on Tuesday, up from 82 million the day before and 72 million last Saturday. This supports UNI’s bullish outlook as bulls aim for a breakout above $6.00.
Uniswap futures OI | Source | CoinGlassTechnical analysis: Uniswap bulls stay in controlUniswap trades at $5.84, extending a robust bullish phase after reclaiming all major Exponential Moving Averages (EMAs), suggesting a firmly supported upside structure. The downward resistance trendline, broken near $3.89, has turned into an additional underlying base, while the Relative Strength Index (RSI) at 78 signals overbought conditions.
At the same time, the Moving Average Convergence Divergence (MACD) upholds a bullish histogram, reinforcing strong upward momentum but hinting that the advance may be stretched in the near term.
UNI/USDT daily chartInitial support lies at the recent breakout zone defined by the 50-day EMA around $4.02, followed by the 200-day EMA at roughly $3.96 and the descending resistance trendline break near $3.89, with the 100-day EMA further down at about $3.78. While the current daily chart shows no clear overhead resistance, the overbought RSI suggests UNI could consolidate or correct before attempting a fresh leg higher, with pullbacks expected to find buyers as it approaches the clustered EMA support band.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
@LiquidiumFi recorded its busiest period to date over the weekend, posting all-time highs across key lending metrics on the @dfinity Internet Computer network. The figures mark a notable step forward for decentralized lending activity on ICP.
Record Numbers Across the Board The protocol processed 91 successful deposit and borrow actions over the two-day period, bringing total supplied liquidity to $6.20M. Outstanding borrows on the platform climbed simultaneously to a record $1.73M, underlining growing user confidence in the protocol. On-chain data also confirms the deposit of 53.1K ICP into the ecosystem since Saturday.
The weekend results reflect a broader growth story for Liquidium. The protocol has processed over 119,000 loans and more than $400 million in borrowing volume since its inception, building a track record that underpins its expansion onto the Internet Computer.
How Liquidium Uses ICP Liquidium.fi is a non-custodial cross-chain lending platform that leverages Chain Fusion technology developed by the Internet Computer to enable users to supply and borrow native assets, including Bitcoin and USDT on Ethereum, without the security risks of centralized bridges or the need to manage wrapped tokens.
The protocol operates using the Internet Computer Protocol in the backend, where smart contracts manage lending logic, collateral, and liquidation processes. It leverages ICP's direct Bitcoin integration, enabling on-chain smart contracts to control native BTC via ckBTC. When users deposit BTC or USDT, the platform converts them into ckBTC or ckUSDT on ICP.
All loans are over-collateralized to manage risk, meaning borrowers deposit more value than they borrow. The platform uses Pyth's price oracle for asset pricing, aggregating data from major exchanges to support real-time collateral valuation and automated liquidations when thresholds are breached, alongside a dynamic interest rate model that automatically adjusts based on supply and demand.
The weekend performance adds further weight to the case that ICP is becoming a meaningful home for cross-chain DeFi activity, with Liquidium emerging as one of the ecosystem's most active protocols.
No contracts, just code: how node providers join the Internet ComputerRunning hardware on the Internet Computer ($ICP) is nothing like signing up with a traditional cloud provider. Independent operators buy their own servers, place them in data centers of their choosing, and then apply to the Network Nervous System (NNS), the on-chain governance body that controls the entire protocol. Admission is decided by a community vote, not by @dfinity.
The NNS evaluates applications with decentralization in mind. Applicants who bring a new jurisdiction, a new hardware supplier, or a new ownership structure to the network are favored over those who would simply duplicate existing coverage. The same logic applies to secondary-market transfers: a node sold between providers must relocate to a country that maintains or improves geographic spread across the network.
Pay tied to scheduled work, not uptimeOnce admitted, providers are compensated only for computation the network actually schedules onto their machines. Sitting idle earns nothing, and reward rates are set through NNS governance proposals rather than bilateral agreements. According to official Internet Computer Wiki documentation, existing providers continue to operate and earn rewards under these terms.
New admissions are currently on hold. The Internet Computer Wiki confirms that the network reached its target topology in December 2023 and does not require additional capacity to meet its decentralization objectives. DFINITY has stated it will not vote to approve new node machine proposals until subnet demand makes further infrastructure necessary.
The broader governance architecture sits behind all of this. DFINITY's own documentation describes the NNS as the on-chain DAO "responsible for managing the full Internet Computer, making all decisions about the future of the network, including updates to the protocol, management of nodes." That scope is what makes node admission a public, on-chain process rather than a private negotiation.
The result is a model where physical infrastructure operates under the same governance rules as the software it runs, with no party, including DFINITY itself, holding unilateral authority over who participates.
Sources:
Internet Computer Wiki: Node Provider Documentation
DFINITY: Governance on ICP in 2024, Part 3 (NNS)
Internet Computer: Network Governance
Solana just did something it hasn’t done since September 2025: close a month in the green. SOL surged roughly 46% in August, ending near $103 after enduring ten straight months of red candles that dragged the token from its all-time high to cycle lows.
The rally peaked at around $110.38, a level SOL hadn’t touched since January 2026.
The long road down, and back up SOL hit its all-time high of approximately $294 in January 2025. From October 2025 through July 2026, every single monthly candle closed red. Ten in a row. The token eventually bottomed out around $60, shedding roughly 75% of its peak value.
Advertisement
August’s close near $103 represents a roughly 70% recovery from those cycle lows. The gap between $103 and $294 is still enormous, roughly a 185% climb.
ETF inflows and institutional appetite Cumulative inflows into Solana exchange-traded funds reached $1.34 billion, providing a significant source of buying pressure throughout the recovery.
The standout performer was Bitwise’s BSOL ETF, which crossed $1 billion in assets under management during August.
A previously dormant whale wallet accumulated approximately 76,856 SOL from Hyperliquid, a position worth roughly $8 million at August prices.
Governance comes to Solana August also brought a genuinely significant development on the protocol side: Solana’s first binding on-chain governance vote. Known as SGP-0002, the vote marked a milestone in Solana’s evolution toward decentralized decision-making.
What comes next On the other side of the ledger, SOL’s 46% monthly gain came fast. The gap between the August peak of $110.38 and the monthly close near $103 hints that sellers were already active at higher levels.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle printed roughly $11 billion in USDC on the Solana blockchain during August, a monthly total that marks the largest single-month issuance the network has seen and signals a meaningful shift in where dollar-backed stablecoins are finding a home.
What actually happened The minting didn’t land in one dramatic drop. Circle issued USDC across August in repeated $250 million tranches, including a notable $1 billion single-day issuance. Monitoring service Whale Alert flagged roughly $1.25 billion minted in a single week during mid-to-late August alone.
The broader picture was equally striking. Gross USDC issuance across all blockchains hit approximately $5 billion in the week ending August 26, the highest weekly figure recorded since early 2026.
Advertisement
Each mint is backed one-for-one by USD reserves held by Circle, so this wasn’t creative accounting. The company was responding to real demand, issuing new tokens only when counterparties deposited equivalent dollars.
By late August, Solana’s circulating USDC supply had reached around $8 billion, giving the chain more than 10% of USDC’s total supply across all networks.
Circle’s Cross-Chain Transfer Protocol, known as CCTP, enables liquidity to move between blockchains without being manually bridged, reducing friction for institutions that need to shift large dollar positions quickly.
Who’s driving demand Circle serves as the technical provider for Hyperliquid’s $5 billion USDC reserve, a relationship that channels significant stablecoin demand directly onto Solana infrastructure.
BNY Mellon has also established a pathway for institutional clients to mint and burn USDC on the network, opening the door to a class of capital that previously had limited, compliant access to on-chain dollar liquidity.
Prior months in 2026 showed the same pattern building. April saw a single-month issuance peak of $3.25 billion, which at the time looked like an outlier. August’s $11 billion figure suggests the April spike was actually the beginning of a trend, not an anomaly.
What this means for Solana and the stablecoin market USDC’s peg held throughout the August minting surge without a visible wobble. A stablecoin that can absorb $11 billion in new issuance on a single chain in a single month without drifting from $1.00 is demonstrating something about the depth of its reserve management. Circle maintains a strict 1:1 backing against USD reserves, increasing supply only in response to verified market demand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
