CRV za posledních 24 hodin vzrostl o 20,5 % na zhruba 0,32 USD při trojnásobném objemu obchodů, který dosáhl 261,5 milionu USD. Růst podpořilo spuštění Llamalend V2 na Ethereum a návrh zvýšit podíl DAO z poplatků z 10 % na 30 %.
CRV climbs on heavy volume as weeks-long recovery buildsCurve DAO Token ($CRV) is trading near $0.32, up 20.5% over the past 24 hours and 33.7% on the week, with trading volume tripling to $261.5 million. The move adds further momentum to a weeks-long recovery that has tracked a broader market-wide rally.
The current rally marks a meaningful rebound from those lows, though the token remains well below its prior peaks.
Llamalend V2 on Ethereum and a fee-share proposal fuel optimismThe price move comes on the heels of @CurveFinance's H1 report, which confirmed that Llamalend V2 is now live on Ethereum with fees accruing directly to the DAO. The report also flagged a coming governance proposal to lift the DAO's protocol fee share from 10% to 30%, a change that could materially improve token economics for CRV holders.
, placing it in more direct competition with protocols such as Aave.
Uniswap na Robinhood Chain poprvé překonal 1 miliardu USD v kumulativním objemu tokenizovaných akcií. Hayden Adams zároveň očekává, že se objem časem dostane až na 1 bilion USD.
Uniswap’s combined tokenized-stock trading volume on Robinhood Chain has reached $1 billion for the first time, according to protocol founder Hayden Adams.
Summary
Uniswap has processed $1 billion in combined stock-token volume on Robinhood Chain. Hayden Adams expects the trading total to eventually reach $1 trillion. Robinhood Chain launched on July 1 with Uniswap as its main public automated market maker. Robinhood Stock Tokens remain unavailable to investors in the United States. Uniswap founder Hayden Adams announced the milestone in an Aug. 22 X post, adding that he expects trading volume for the assets to eventually reach $1 trillion.
The $1 billion figure covers cumulative swaps involving multiple tokenized stocks rather than one token or a measure of deposited assets. Uniswap said earlier this week that stock-token volume had reached $638.5 million, indicating that activity has continued to rise since the previous update.
Adams did not provide a timeframe for his $1 trillion projection. The forecast would require tokenized-stock trading on Robinhood Chain to grow one thousandfold from the latest milestone.
Uniswap stock-token volume has climbed since July Robinhood Chain opened its public mainnet on July 1 as an Ethereum layer-2 network built with Arbitrum technology. Uniswap v2, v3, v4, and UniswapX became available on the network from its first day, according to a launch announcement from Uniswap Labs.
Under the arrangement, Uniswap operates as the chain’s main public automated market maker, allowing traders to exchange Robinhood Stock Tokens through liquidity pools instead of a traditional order book. Supported assets include tokens tied to US-listed companies such as Nvidia, Apple, and Alphabet.
Trading expanded quickly after the launch. As crypto.news reported at launch, Robinhood introduced 95 Stock Tokens that eligible users in more than 120 countries could hold, transfer, and use in decentralized applications.
Robinhood described the instruments as debt securities issued by Robinhood Assets Jersey Limited. Each token tracks the economic performance of a referenced stock, but holders do not receive ownership of the underlying shares, corporate voting rights, or the other privileges normally available to shareholders.
Earlier activity on Robinhood Chain included crypto tokens, stablecoins, memecoins, and tokenized stocks. A July 9 network volume report found that Uniswap generated $500 million in daily trading volume eight days after the chain launched, up tenfold from the preceding day.
Cumulative Uniswap volume across every asset category passed $1 billion by July 10. The new figure announced by Adams is narrower because it counts stock-token trades rather than all swaps completed through the protocol.
Correlated stock pools form part of the $1B total Adams recently discussed a smaller set of Robinhood Stock Token pools that pair individual equities with a token tracking the SPDR S&P 500 ETF Trust, commonly known by its SPY ticker. Ten stock-versus-SPY pools processed $33 million from more than 11,000 traders during their first 12 days, according to his analysis.
The $33 million measurement represents only the correlated pools discussed in Adams’ report and does not cover every tokenized-stock pair included in the $1 billion total. Other markets allow users to trade stock tokens against stablecoins, Ether, and different supported assets.
In his analysis, Adams argued that pairing stocks with correlated assets could reduce the inventory risk faced by liquidity providers. A market maker supplying Nvidia and SPY tokens, for example, may face smaller price differences than one supplying Nvidia and a dollar-linked stablecoin because both equity assets can move in the same direction.
Adams presented the model as one way automated market makers could compete in equity markets, where professional firms currently supply much of the liquidity. His projection remains untested at the scale of traditional stock exchanges, while the first Robinhood Chain pools provide a limited set of onchain trading data.
Robinhood Chain’s initial activity has not come solely from tokenized equities. A July FalconX data report found that memecoins generated more than 80% of the network’s decentralized-exchange volume during its first three weeks.
At the time, the chain had recorded nearly $9 billion in cumulative DEX volume, $431 million in total value locked, and close to $400 million in stablecoin supply. Tokenized stocks accounted for a smaller share of total trading even though Robinhood designed the network around real-world assets and related financial applications.
Robinhood Stock Tokens remain restricted in the US For American investors, Robinhood states that Stock Tokens are not available in the United States. Eligibility rules also apply in other jurisdictions, preventing the blockchain’s permissionless design from automatically granting every wallet legal access to the assets.
Uniswap Labs gives a similar warning for tokenized securities available through its products. According to the company, some tokens may not represent direct ownership of the securities they reference, while issuers can impose identity checks, wallet allowlists, transfer rules, and geographical restrictions.
The company also states that certain securities accessible through Uniswap products have not been registered under the US Securities Act of 1933. Such assets cannot generally be offered or sold in the United States without registration or an applicable exemption.
To support assets with compliance requirements, Uniswap Labs introduced Permissioned Pools for v4 in July. The system lets issuers maintain allowlists that smart contracts check before a user can swap an asset or provide liquidity.
A previously published permissioned-pools report said Superstate, Securitize, and Dowgo helped develop the standard for regulated tokenized funds, stocks, and other securities. Regular Uniswap v4 pools remain permissionless, while issuers can select the restricted structure when their assets require identity or eligibility checks.
Robinhood Chain activity has fed into Uniswap fees Robinhood Chain’s early trading also became a major source of Uniswap fees. During one 24-hour period in July, DefiLlama recorded about $5.16 million in fees across the protocol, including roughly $4.38 million generated on Robinhood Chain.
Daily Uniswap traders on the network reached about 220,000 during the same period, while the chain produced $10.98 million of the protocol’s $20.1 million in weekly fees. Protocol fees differ from revenue because liquidity providers receive much of the money paid by traders.
Robinhood subsidized gas costs for the first 90 days after mainnet went live, lowering transaction expenses during the chain’s launch period. A July 11 network update found that the blockchain processed 7.6 million daily transactions while Robinhood covered gas fees that users would otherwise have paid.
Uniswap later expanded its Robinhood Chain presence by launching Pools.trade, a platform that lets projects issue tokens and move their liquidity into Uniswap v4 pools. The product offers crowd-based and instant token launches, with completed launches settling into permanently locked liquidity positions.
Tři široce používané balíčky Rust byly krátce kompromitovány a mohly umožnit vzdálené spuštění kódu i krádež přihlašovacích údajů. Zasažen byl i ekosystém Solana, protože balíček arrayref je jeho klíčovou součástí.
Three widely used Rust packages were briefly hijacked on August 20, 2026, injecting malware into developer builds and putting critical blockchain infrastructure, including Solana’s, in the blast radius. The attack lasted less than two hours.
The compromised crates, [email protected], [email protected], and [email protected], were published to the crates.io registry in a tight 23-minute window between 07:15 and 07:38 UTC. Each contained a dependency on a poisoned version of proc-macro1, which quietly activated a build script during Cargo builds. That script downloaded and executed malware on the developer’s machine without touching the original crate source code.
What happened, and how fast it moved The Rust Security Response Team moved quickly once the threat was identified. The malicious version of arrayref was live for 86 minutes, internment for 90 minutes, and append-only-vec for 107 minutes before all three were yanked from the registry. The maintainer account believed to be compromised was locked.
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To put the exposure in context: the previous clean version of arrayref alone, version 0.3.9, had accumulated somewhere between 152 and 245 million lifetime downloads. That’s the kind of package that sits deep in dependency trees across thousands of projects, often pulled in transitively without developers ever consciously choosing it.
The risks from successful infection included remote code execution and credential theft, meaning any developer whose build process pulled the poisoned versions could have had their machine fully compromised.
Why Solana sits at the center of the concern The arrayref crate is a foundational component in Solana’s ecosystem, used in token interfaces and core blockchain infrastructure. The other affected crates similarly appear in dependency chains for projects building on Solana and, to a lesser extent, Ethereum tooling.
No widespread exploits or project-specific compromises have been publicly reported as a result of this incident.
North Korean fingerprints Researchers at Wiz, a cloud security firm, have linked the attack to North Korean cyber actors, specifically a group tracked as Sapphire Sleet. This attribution fits a well-documented pattern. North Korean state-sponsored groups have been systematically targeting cryptocurrency infrastructure for years, using supply chain compromises, social engineering of developers, and trojanized tools to steal funds and credentials.
Developers who built projects during the exposure window are being advised to inspect their Cargo registry cache for the specific malicious versions and to pin dependencies below the compromised releases.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SOL Treasury Company (HSDT) podpořila Solana Constitution, ale zatím odmítla návrhy na změnu míry inflace i poplatků za transakce. On-chain hlasování začne 22. srpna.
SOL Treasury Company (HSDT) has announced its voting stances on the first three Solana Governance Proposals (SGPs): it supports SGP-0001, the "Solana Constitution"; opposes SGP-0002, which would double the inflation reduction rate; and rejects SGP-0003, which would shift transaction fees from fixed to variable. On-chain voting is scheduled to open on August 22. The firm stated its support for the Solana Constitution stems from the new governance framework, which allows every staker to vote directly, and holders can always override the votes of the operators they have delegated—this, it says, facilitates institutional participation in network decision-making. Regarding the other two proposals, the company emphasized it is not opposed to the policy directions themselves, but rather the timing. This is a critical phase for institutions considering entering Solana, where rule stability and predictability are top priorities for institutions. Altering core economic parameters like inflation rates and transaction fees at this juncture could further deter institutions that remain on the fence. The firm added that it will support revisiting inflation reduction once it sees sustained net capital inflows into SOL, and is open to reconsidering variable transaction fees after the ecosystem adapts.
The supply of tokenized equity on Solana has surged since early 2026, now approaching $470 million, according to recent data. This growth is largely driven by xStocks, a significant player in the tokenized U.S. stocks and ETFs market on Solana, which accounts for the majority of this supply. This increase suggests a rising interest in on-chain equity solutions within the Solana ecosystem, potentially indicating broader adoption and investment in its infrastructure.
The notable expansion in tokenized equity reflects a broader trend of increasing utilization of blockchain technology for traditional financial instruments. xStocks, offering tokenized versions of U.S. stocks and ETFs as SPL tokens, represents Solana’s significant role in this evolving market. The tokens are backed 1:1 by shares held with regulated custodians, providing a secure and transparent method for accessing equity markets on-chain.
Market data reveals that this rise in tokenized equity supply corresponds with positive sentiment in prediction markets regarding Solana’s price trajectory. Currently, there is a marked increase in confidence, as evidenced by the 8.7% YES pricing for Solana reaching $120 by September 1, a notable jump from previous figures. This development may indicate optimism among market participants regarding Solana’s continued growth and adoption.
Key Takeaways Solana’s tokenized equity supply appears to have significantly increased, reaching about $470 million. xStocks accounts for the vast majority of the tokenized equity on Solana, suggesting concentrated interest in this offering. Prediction markets suggest that this growth is consistent with supportive pricing for Solana’s potential price increases. What to Watch Watch for further developments in Solana’s tokenized equity market, particularly any additional increases in supply or new product offerings. The performance of xStocks and any regulatory changes affecting tokenized securities could further influence market perceptions. Additionally, any announcements related to Solana’s infrastructure or partnerships may impact the likelihood of Solana reaching key price targets in prediction markets.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.6% — — View market → September 1 2026 1.5% — — View market → September 1 2026 2.7% — — View market → September 1 2026 9% — — View market → September 1 2026 60.3% — — View market → September 1 2026 4.8% — — View market → September 1 2026 1.1% — — View market → September 1 2026 0.4% — — View market → September 1 2026 0.1% — — View market → September 1 2026 1.8% — — View market →
XDC Network dosáhla nového maxima 27,7 milionu měsíčních transakcí, což je za posledních šest měsíců nárůst o 50 %. K síti se zároveň přidal Clear Street jako validátor.
There’s been an uptick in users and institutions that are engaging with XDC Network [XDC]. That, coupled with general market conditions, has given XDC price a good boost.
XDC network monthly transactions at an ATH Activity on XDC Network has reached a new peak. Monthly transaction count has climbed to an all-time high of 27.7 million. That’s a mammoth 50% increase over the past six months!
Source: Token Terminal Monthly transactions were at 5 million around early 2020, and grew through 2021 and 2022. Activity picked up further after 2024, with frequent shows above 20 million.
Institutional names are lining up at the door Clear Street has joined XDC Network as a masternode validator. They’ll take part in block validation, ledger maintenance and network governance.
Running a masternode requires operators to stake at least 10 million XDC. About the move, Clear Street Digital CEO Robert Rutherford said,
Compliant public blockchains are becoming part of the capital markets stack, and the firms that build market infrastructure should help operate that layer.
Clear Street is the latest in a series of big names to join XDC Network. Since April, Animoca Brands, Clearpool, SettleMint and CertiK have also come on board as validators.
XDC price pushes up higher At the time of writing, XDC was trading at around $0.0294. That’s a 2.38% increase for the day, and it follows big moves over the previous few sessions.
Source: TradingView RSI was at 69.84, putting it in a firmly overbought setup. Meanwhile, the MACD was positive, with the recent histogram bars expanding with the price increase.
As it stands, there’s clear bullish momentum… at least for the immediate short-term. However, with RSI at about 70, a pullback or a consolidation is likely when things calm down.
Final Summary XDC Network monthly transactions hit an ATH of 27.7 million, up 50% in six months. Clear Street has joined the network as a validator, among other big names.
Co-founder Kieran Warwick says the reduction puts the Ethereum game studio past 12 months of runway, with the remaining team working almost entirely on its Overworld MMO.
Illuvium's team has agreed to reduce its wages again to preserve the studio's runway, which co-founder Kieran Warwick now puts at more than 12 months, he said Friday.
The cut buys Illuvium past August 2027 on Warwick's own numbers, at a point when crypto gaming studios are closing. Proof of Play announced on Aug. 5 that it was ceasing operations and open-sourcing Pirate Nation's code and art under CC0. The games Illuvium has already shipped cover a fraction of its payroll: the protocol generated $9,781 in fees and revenue over the past 30 days, according to DefiLlama, which puts the trailing-year annualized rate at $123,194.
DefiLlama values Illuvium's treasury at $2.78 million against $60 million raised, and the ILV staked in its pools at $2.21 million, or 7.98% of market capitalization. ILV trades at $3.35, up 6.1% on the day and 17.9% over the week, per CoinGecko, for a market cap of $27.74 million. The token hit an all-time low of $2.69 on July 29 and sits 99.8% below its November 2021 high of $1,911.26.
The wider crypto market rose 18.6% over the same seven days. Warwick closed his post by saying his confidence had "nothing to do with the price of ETH."
Wages Cut Even FurtherWarwick said the studio has "heavily reduced costs" over six months and that the team "agreed to reduce their wages even further to preserve runway." He did not give the size of the cut, the number of staff remaining, or the studio's cash position.
The February update in which Warwick set out the current plan put runway "into mid next year," meaning mid-2027. Friday's wording — "over 12 months of runway again" — indicates the figure had fallen below a year in the six months since.
The Team We Have Left"The team we have left is almost entirely focused on the MMO, and most of them have been with us for more than three years," Warwick wrote, referring to Overworld.
February's post targeted a December 2026 release for Overworld, with multiplayer combat, dungeon runs, creature capture and onchain items, and no player-versus-player mode at launch. Warwick gave no date on Friday, saying he was running his "final play session of the latest Overworld build" before publishing feedback.
Four other products are launching this year, he said: a Celebrations collection for Illuvium Beyond, Beyond Chaos, Primal Tactica and Loadout. That schedule has slipped from February, when Warwick said Beyond's Wave 5 would complete the collectible card game's first set, to be followed by a three-year celebration set and then Set 2. Wave 5 shipped with a Lamborghini exclusive collection that ran from April 21 to May 5. Warwick now says the Celebrations collection "will be the final release in the Set 1 collection." He gave no detail on Beyond Chaos.
Beyond, launched in March 2023, is Illuvium's "number one revenue-generating game by a long shot," Warwick wrote in February.
Steam Debut In OctoberPrimal Tactica is the product of the licensing deal Warwick described in February, when Arena's head designer asked to take the IP and ship a game with the web3 elements stripped out on Steam, with Illuvium keeping most of the revenue after platform fees. Warwick said Friday the build is nearly complete, will debut at Steam Next Fest in October, and that "Illuvium receives the lion's share of the revenue." He offered test keys by direct message.
The Steam listing names Errata Studio Ltd as developer and publisher, sets an Early Access release for Q4 2026, and describes a roguelike autobattler with more than 200 creatures called Primals. Illuvium is not mentioned on the page.
Nothing To Stake ForLoadout, Warwick said, "will distribute tokens to the Illuvium staking contract and give people a reason to stake ILV and ILV-ETH again."
Warwick's X bio lists him as founder of Loadout, a Solana trading platform for game tokens that routes 4% of each token's trading volume to the game's treasury and charges a 1% protocol fee. Its site reports 2.7K traders signed up and 37 studios confirmed, with no launch date. Warwick said an announcement is close.
Stakers have little coming to them now. DefiLlama puts holders' revenue at a $0 30-day run rate. Under Staking V3, launched on Base in November 2025, direct ILV rewards trigger at 150 ETH revenue milestones — roughly $360,000 at current prices, against the $9,781 the protocol took in over the past month. Illuvium also says distributions resume only once its Safety Pool is fully funded under ICCP-22. Shards, the seasonal loyalty points stakers earn daily, are emitted at a rate that falls 2.97% every Monday.
Sentiment At All-Time LowWarwick's February post described crypto sentiment as "at an all-time low" and crypto gaming as "even lower." A month later, Solana Foundation president Lily Liu said gaming on a blockchain "is not coming back."
Illuvium raised $72 million in a land sale over four days in June 2022, selling 19,969 plots by Dutch auction. DefiLlama counts $12 million in total capital raised by the protocol. Kieran Warwick is CEO of Illuvium Labs and his brother Aaron is game director.
Injective udržuje syntetické trhy iAssets otevřené i při výpadku cenového feedu; u akcií se pauza týká jen víkendů, P/L zůstává fixní na poslední ceně a likvidace je prakticky nemožná.
@injective has built a suite of synthetic perpetual markets, called iAssets, that let traders gain exposure to equities, commodities, and foreign exchange without holding the underlying asset.
Margin is posted in $USDT (or other supported stablecoins), and leverage is available, varying by market. The contracts are accessed primarily through frontends like the Helix decentralized exchange.
How oracle pauses workThe 24/7 nature of crypto creates a structural tension with traditional markets. FX and commodity price feeds do not run continuously, and equity feeds follow their own session schedules. For equities, the oracle pauses only on weekends, aligned with the underlying equity market structure.
Traders can still open or close positions during a freeze, but profit and loss stays fixed at the last reported price, making liquidation virtually impossible until the feed resumes.
Capital efficiency without the collateral poolInjective's design distinguishes it from CDP-based synthetic protocols by avoiding pre-funded collateral pools and instead relying on market makers to provide depth and dynamically allocate capital. Builders on Injective can permissionlessly access Pyth price feeds spanning equities, commodities, FX, and crypto. These feeds have already been integrated by Helix, a decentralized order book exchange serving retail traders and institutions alike.
Injective's RWA perpetuals crossed $6 billion in cumulative volume by early November 2025, per Messari, with by mid-2026. The oracle-pause mechanism is a key part of that infrastructure, ensuring that market access remains open even when the underlying data source goes offline, without exposing traders to unfair liquidations in the process.
Sources:
Injective Docs: iAssets Overview
Injective Docs: 24/5 Equity Feeds and SEDA Integration
CoinGecko: Injective in 2026 Convergence Report
Aptos zaznamenal nové historické maximum 11,7 milionu transakcí za den, což je o 6,5 % více než předchozí rekord za posledních 24 hodin. Růst naznačuje trvale silnější aktivitu na síti.
Aptos Hits 11.7 Million Daily Transactions@Aptos has recorded a new all-time high of 11.7 million transactions in a single day, a 6.5% increase over the previous record set just 24 hours earlier. The back-to-back peaks signal that demand on the network is not a one-off spike but part of a sustained upward trend in on-chain activity.
The milestone fits into a broader pattern of accelerating growth in 2026. The 11.7 million figure reported on August 21 represents another step above that range.
Architecture Built for This Kind of LoadThe numbers reflect an infrastructure deliberately engineered for high throughput.
Much of that capacity comes from Aptos's parallel execution engine.
The transaction growth also comes alongside broader ecosystem development.
With daily transaction counts continuing to set new highs and network infrastructure designed to handle far greater loads, @Aptos appears to be building durable momentum rather than chasing short-term spikes.
Sources
TheStreet Crypto: Aptos crosses 4.5 billion total transactions as daily activity hits record
Everstake: Aptos in 2026 - Latest News, Roadmap, and DeFi Updates
Nansen: Aptos H2 2025 Report
Igra Labs se integrovala s Tangem a přináší Kaspa-native DeFi více než milionu uživatelů hardwarové peněženky. Držitelé $IGRA mohou používat aplikace Igra bez přesunu aktiv do horké peněženky.
Igra Labs Goes Live on Tangem@Igra_Labs has integrated with @Tangem, bringing Kaspa-native decentralised finance to more than one million hardware wallet users. The move gives $IGRA holders access to the Igra apps ecosystem while keeping private keys secured in cold storage, removing a trade-off that has historically pushed DeFi users toward less secure software wallets.
The integration is built on WalletConnect, delivered through Tangem app version 6.1.3. For Tangem users, that means approving transactions via NFC tap rather than exposing keys to an internet-connected device.
What the Integration Means for Kaspa DeFiIgra Network is the EVM-compatible execution layer built on top of Kaspa's proof-of-work BlockDAG.
By connecting to Tangem through WalletConnect, $IGRA holders can now interact with decentralised apps on Igra Network without moving assets to a hot wallet first.
That security baseline now extends to Kaspa-native DeFi for the first time, as the Igra and Tangem integration marks a meaningful step in making cold-storage-secured DeFi access a practical reality rather than a technical workaround.
Sources
Igra Network Public Mainnet Launch, Crypto Adventure
WalletConnect on Tangem, Tangem Official Blog
Kaspa Integrated on Tangem, Kaspa.org
BounceBit Chain po protokolové zranitelnosti zastavil produkci bloků a rozhodl o trvalém ukončení provozu sítě. BB bude znovu vydán jako BEP-20 na BNB Chain, bez 286 543 148 tokenů od útočníků.
Cross-chain yield protocol BounceBit has released a security incident notice, stating its blockchain network suffered a protocol-level vulnerability attack from 21:02 UTC on August 19 to 01:54 UTC on August 20. Attackers exploited an authorization flaw in Evmos’ underlying architecture to transfer BB tokens from 9 mainnet accounts without account owners’ authorization. Per the notice, the attackers moved approximately 286.5 million BB via 14 transactions. The incident is limited to BounceBit Chain itself, with no involvement of private key leaks, signature forgery, wallet, hardware device, or exchange account security issues. BounceBit’s CeDeFi Strategy, Promo Vaults, Prime, and RWA products were all unaffected. BounceBit noted the vulnerability stemmed from an authorization validation flaw in Evmos’ protocol-native module. When the attacker called the relevant module via a smart contract, they bypassed the security check that should verify the fund source account’s authorization, allowing them to designate any account as the fund source. After the incident, BounceBit Chain stopped block production at block height 20,702,857. The team decided not to perform a chain upgrade, instead permanently shutting down BounceBit Chain and reissuing BB as a BNB Chain-based BEP-20 token. The new BB supply will be based on an on-chain snapshot taken before the first abnormal transfer (block height 20,697,260). The 286,543,148 BB tokens transferred by attackers will not be included in new balances. Users do not need to submit applications or migrate wallets; the official will automatically distribute new BB to corresponding BNB Chain addresses.
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MANTRA spadl na historické minimum 0,0041 USD poté, co projekt pozastavil blockchain kvůli zranitelnosti v upstream dependency. Token byl zároveň za den dole o 8,5 %.
MANTRA (MANTRA) slid to an all-time low of $0.0041 as the project froze its blockchain and said an attacker was targeting a vulnerability in an upstream dependency.
The record low came as the rest of the market climbed, extending a rally that accelerated on Wednesday.
Why MANTRA Halted Its ChainMANTRA Chain, a Layer 1 blockchain built for tokenizing real-world assets, was halted earlier today. Its initial notice said all endpoints and transactions were frozen.
Follow us on X to get the latest news as it happens
We're aware of an incident affecting MANTRA Chain and have halted the chain as a precaution while we investigate. All endpoints and transactions are currently frozen.
This means deposits and withdrawals to/from MANTRA Chain are temporarily affected. If you're unsure how this…
— MANTRA | The EVM L1 for RWAs (@MANTRA_Chain) August 21, 2026
A later update named the cause. The team pointed to an attacker exploiting a vulnerability in an upstream dependency, meaning third-party code the chain relies on rather than software it wrote itself.
“Earlier today, we detected an attacker exploiting a vulnerability in an upstream dependency used by the chain and halted the network as a precaution,” the update read.
MANTRA said it has identified the vulnerability and is now preparing a patch. Its validators and infrastructure remain offline until the upgrade is ready.
“Resuming the network will require a coordinated restart with the wider validator set — we will not resume until the patch is verified and that coordination is in place,” it added.
The team is also tracing where funds moved and has contacted exchange partners. Deposits and withdrawals remain paused at affected venues, and the total scope of the impact remains unconfirmed. The team also warned holders to ignore anyone offering recovery help.
MANTRA Misses a Market-Wide Rally The incident has also impacted the token. MANTRA changed hands at $0.0044 at press time, down 8.5% on the day.
MANTRA Token Price Performance. Source: BeInCrypto MarketsThat slide ran against the broader market. Bitcoin (BTC) topped $75,000 earlier today as short liquidations reached $1.06 billion. Other major cryptocurrencies also traded higher, lifting the total crypto market capitalization by nearly 4% over the past day.
The incident marks the network’s second major crisis in 16 months. Its token, then known as OM, lost nearly 90% of its value in April 2025, wiping out about $5.5 billion in market value in less than an hour.
The project retired the OM ticker this March. A non-dilutive 1:4 split at block 13,000,000 converted each OM into four MANTRA, and the token posted a 37% launch-day rally.
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XRP dnes vzrostl o 17 % na 1,30 USD a na týdenním grafu tvoří klesající klín, který může signalizovat obrat trendu. Obchodní objemy zároveň vzrostly o 127 % za 24 hodin na 8,17 miliardy USD. CEO Ripple Brad Garlinghouse zároveň uvedl, že firma míří na rekordní rok.
Ripple (XRP) price is up by 17% today, August 21, to trade at $1.30 at the time of writing. The gains come amid a surge in buying pressure, with data from CoinMarketCap showing that trading volumes are up by 127% in 24 hours to $8.17 billion.
XRP is now forming a falling wedge pattern on the weekly chart that usually suggests that the downtrend that pushed the price from $1.94 in January to $0.99 in August could be over. Meanwhile, Ripple’s CEO Brad Garlinghouse opines that the company will have a record year.
Garlinghouse Says Ripple Will Have a Record Year Garlinghouse was speaking at the Wyoming Blockchain Symposium, where he said that Ripple is on the verge of doubling its revenue in 2026. He attributed this increase in revenue to the acquisitions of Hidden Road and GTreasury in 2025.
His remarks also come at a time when Ripple is expanding its footprint in the traditional finance space. A recent report by CoinGape noted that Ripple is partnering with Clearpool and Cicada to bring institutional credit to the XRP Ledger.
During the Wyoming Blockchain Symposium, Garlinghouse also sparked speculation of Ripple filing for an IPO, saying that the company is no longer entirely opposed to going public.
“We’ve been very happily private for a long time… we are more neutral on the topic than maybe we used to be,” he said.
These remarks coincide with a bullish sentiment across the crypto market that has seen the price of XRP gain by 31% in three days.
XRP Price Creates a Bullish Wedge Pattern The price of XRP is forming a falling wedge pattern on the weekly chart. This pattern usually suggests that the trend is changing from a bearish one to a bullish one.
XRP has also moved above the resistance at the upper trendline of the wedge pattern. Still, it has to close above this resistance to confirm the bullish outlook to move to the next obstacle at $1.71.
The RSI that has moved from an oversold reading of 30 on August 10 to 49 today, August 21, also confirms that the trend is shifting. The current RSI reading shows that selling pressure has eased, and the price of XRP could extend the gains.
The value of XRP today is also testing the resistance at the 200-day EMA of $1.36. If it moves above this EMA, it will confirm that the long-term trend is changing to favor bulls.
XRP Price Chart (Source: TradingView) If this bullish thesis fails and XRP price fails to close above the 200-day EMA, it might drop to the psychological support of $1.20.
XRP ETF Volumes Reach $125 million Data from SoSoValue shows that the total value traded for XRP ETFs has reached $125 million. The Bitwise XRP ETF accounts for the biggest share of these volume numbers, with $83 million traded since the product launched.
The recent 31% gain in XRP price has also increased the demand for XRP ETFs, because they recorded $13.24 million in inflows on August 20. This marks the biggest single-day inflows recorded by the ETFs since June 29.
XRP ETF Flows (Source: SoSoValue) The surge coincides with surging demand for all crypto ETFs after the total inflows reached $885 million on August 20, with Bitcoin (BTC) leading with $606 million in inflows.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Chainlink's native token (LINK) is ending the week with a strong 22.05% gain, reaching $11.45 on TradingView. Positive capital momentum has been building over the past seven days amid hearings before a CFTC advisory committee and the commercial rollout of the project's new AI platform.
LINK price chart and Chris Barrett's post on X. Source: TradingViewCommenting on these developments, the company's communications director, Chris Barrett, quipped on social media today: "You can't spell Chainlink without AI." The play on words directly refers to the project's infrastructure expansion into the autonomous machine sector.
Inside Chainlink's move into AI and U.S. regulationThe developers are targeting practical demand as AI systems and robots operating 24/7 cannot rely on the traditional banking system because of its delays and limited operating hours.
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Launched in mid-August under the mission "The Onchain Engine for the Agentic Economy", the Chainlink for Agents platform addresses the problem of machine payments by serving as a verified data layer for AI agents settling transactions in stablecoins through the CCIP protocol.
The practical value of these rails is confirmed by the speed of their commercial adoption: Robinhood and BitGo have already begun integrating the AI layer.
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At the same time, Chainlink's leadership is building a regulatory foundation around cybersecurity. At a CFTC committee meeting, project co-founder Sergey Nazarov presented smart contract architecture as a tool for protecting U.S. financial markets from algorithmic manipulation and attacks by advanced AI systems.
The hearings demonstrated a shift in the direction of U.S. authorities: instead of debating the legality of cryptocurrencies, regulators focused on establishing rules for moving domestic markets onchain. Commenting on the changing agenda in Washington, Chris Barrett emphasized:
"Instead of debating whether crypto belongs in the U.S., the focus was on how prediction markets, perpetuals, and other onchain financial products can operate here within clear rules."
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For Chainlink, this regulatory shift opens new operational avenues that are already supported by its presence in government infrastructure. Macroeconomic indicators from the U.S. Department of Commerce are transmitted through the oracle network, while the Bermuda Monetary Authority uses the company's tools for embedded supervision.
The current capital inflow reflects major players' bet that the project will establish itself as a core infrastructure layer for traditional finance.
The Project Pangea banking consortium, with more than $10 trillion in assets under management, clearing corporation DTCC, investment giants UBS and Amundi, as well as JPMorgan and CME, are already using Chainlink solutions to settle real-world assets (RWA).
Ethena (ENA) za sedm dní vzrostla asi o 65 % na 0,142 USD po oznámení úvěrové facility v objemu 1 miliardy USD od FalconX a býčích komentářích Arthura Hayese. Trh sleduje rezistenci na úrovni 0,1465 USD.
Ethena price extended its weekly gain to about 65% on Aug. 21, reaching $0.142 after a $1 billion lending deal with FalconX and bullish calls from Arthur Hayes fueled demand for ENA.
Summary
Ethena price gained about 65% in seven days and reached an intraday high near $0.145. A $1 billion FalconX facility will fund overcollateralized loans using assets backing USDe. 4-hour RSI reached 93.97, warning that the near-vertical rally is overheated. A break above $0.1465 could expose $0.1587, while $0.1343 is the first support. Ethena price action today According to data from crypto.news, Ethena (ENA) price traded near $0.140 at press time, up about 20% on the daily chart. The token briefly reached $0.1448 after opening the session at $0.116, extending a rally that began near $0.082 on Aug. 18.
The move carried ENA through several resistance levels in less than three days. Buyers first reclaimed $0.10, which had limited previous recovery attempts, before breaking through $0.1099, $0.1221, and $0.1343.
ENA’s 4-hour chart shows that most of the advance occurred through consecutive large green candles. The token has gained more than 70% from its Aug. 18 low, leaving little consolidation between the previous trading range and its current price.
The breakout also reversed a longer period of weakness. ENA had fallen from above $0.21 at the start of 2026 and spent much of June through mid-August between $0.07 and $0.10.
What is driving the ENA rally? The immediate catalyst was a $1 billion secured warehouse facility announced by FalconX and Ethena.
Under the arrangement, assets backing Ethena’s USDe synthetic dollar can fund overcollateralized loans to institutional borrowers. FalconX will originate and service the loans while also managing the collateral, which will be held with qualified custodians.
Ethena will hold a first-priority security interest over the assets in the lending vehicle. The structure gives the protocol another potential source of returns beyond crypto basis trades, whose yields can weaken when demand for leveraged futures positions declines.
The $1 billion figure describes the facility’s total capacity rather than confirmed capital deployed on its first day. Interest rates, eligible collateral, borrower requirements, and the initial amount drawn have not been disclosed.
Bullish commentary from BitMEX co-founder Arthur Hayes added to the momentum. Hayes wrote in an Aug. 21 X post that an “$ENA 5 bagger is just too easy,” alongside a chart pointing toward roughly $0.50.
Hayes had previously argued that stronger US dollar liquidity could lift Bitcoin, improve derivatives basis yields, and attract capital back into USDe. On-chain reports earlier in August also linked him to purchases totaling 22.64 million ENA worth about $2 million.
Trader Daan Crypto Trades separately identified $0.14 as an important level after ENA gained more than 30%.
“Could see some resistance there. If it breaks higher we’re off to the races,” the trader said in an Aug. 21 X post.
ENA has now reached that area, making its reaction around $0.14–$0.1465 central to the next move.
ENA indicators warn the rally is overheated Momentum remains strongly bullish, although the 4-hour indicators show a growing risk of short-term profit-taking.
Ethena price 4-hour chart — Aug. 21 | Source: crypto.news ENA’s 4-hour Relative Strength Index reached 93.97, far above the 70 level commonly associated with overbought conditions. Its RSI moving average stood at 75.97, confirming that momentum has remained elevated across several candles rather than during one brief spike.
The Moving Average Convergence Divergence indicator also supports the uptrend. The MACD line rose to 0.0114, above the 0.0062 signal line, while the positive histogram expanded to 0.0052. The widening gap shows that buying momentum was still accelerating when the chart was captured.
Daily Aroon readings provide another bullish signal. Aroon Up stood at 100%, consistent with ENA recording a fresh high, while Aroon Down was at 64.29%. The readings favor buyers but also reflect the speed and volatility of the reversal from ENA’s earlier lows.
Ethena price daily chart — Aug. 21 | Source: crypto.news Overbought readings do not guarantee an immediate decline. However, an RSI near 94 means traders entering after the vertical move face a greater risk if momentum slows or early buyers begin taking profits.
ENA price targets $0.1587 if $0.1465 breaks The daily chart places $0.1465 at the next major resistance. ENA traded just below that level after its intraday high reached approximately $0.1448.
A daily close above $0.1465 would confirm a breakout from the current trading range. The next technical targets would be $0.1587 and $0.1709, followed by $0.1831 if momentum remains strong.
Failure to clear $0.1465 could produce a retest of $0.1343, which previously acted as a reversal level. Lower support sits at $0.1221, followed by $0.1099 and the former breakout area around $0.0977–$0.10.
CoinGlass’ three-day liquidation heatmap shows substantial leverage concentrations below the current price. The strongest nearby clusters appear around $0.118–$0.120, with additional liquidity between $0.104 and $0.116.
Ethena liquidation heatmap | Source: CoinGlass A decline through $0.1343 could therefore accelerate as leveraged long positions face pressure. Holding that level would allow ENA to consolidate without breaking the short-term bullish structure.
US market context remains tied to risk appetite ENA’s rally has also benefited from a broader recovery across the crypto market as Bitcoin moved toward multi-month highs. Rising demand for higher-risk DeFi tokens often follows strength in Bitcoin and Ether, although such assets can also record sharper losses when market sentiment reverses.
FalconX’s US presence gives the lending agreement an institutional connection for American markets. FalconX Bravo, an affiliate of the prime broker, is registered with the Commodity Futures Trading Commission as a swap dealer focused on crypto derivatives.
The warehouse facility does not remove the risks attached to USDe or ENA. Borrower defaults, collateral declines, custody arrangements, smart-contract exposure, changing derivatives yields, and future token unlocks could still affect the protocol and its governance token.
For now, ENA’s breakout remains intact above $0.1343. A close above $0.1465 would support another leg toward $0.1587, while a rejection combined with the extreme RSI reading would raise the probability of a pullback toward $0.1221.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
MEXC zalistovala na spotovém trhu pár MRNAON/USDT, tokenizovanou akcii společnosti Moderna od Ondo. Tím rozšiřuje nabídku tokenizovaných amerických akcií.
MEXC, a pioneer in 0-fee digital asset trading, has listed the MRNAON/USDT trading pair on Spot, giving users a new opportunity to access U.S. stock markets as part of its expanding lineup of Ondo tokenized stock offerings.
Moderna, Inc., a U.S.-based biotechnology company known for its mRNA vaccine platform, has seen its shares rally sharply in recent trading. On August 19, 2026, Moderna and Merck announced that their investigational personalized mRNA cancer vaccine, used in combination with Keytruda, met the primary endpoint of a late-stage melanoma trial, with the combination regimen meeting the main study goal of significantly extending the time patients lived without their melanoma returning, compared with Keytruda alone. Moderna’s stock price soared 177% that day, delivering a substantial blow to short sellers, marking one of its largest single-session gains on record and drawing renewed market attention to the company’s expanding pipeline beyond vaccines.
The MRNAON/USDT trading pair went live on Spot at 09:00 on August 20, 2026 (UTC). Deposits are open, with withdrawals enabled from 09:00 on August 21, 2026 (UTC).
As the latest addition to MEXC’s ongoing collaboration with Ondo, the listing reflects MEXC’s efficiency in bringing trending assets to market, giving users timely investment exposure to one of the most closely watched biotech stocks in the current market. Ondo Stocks (formerly Ondo Global Markets) is a platform designed to bring traditional public securities on-chain through tokenized assets, enabling investors outside the United States to invest in publicly traded U.S. securities, including stocks and ETFs. These tokenized assets are freely transferable and usable in DeFi.
Tokenized stocks have taken on a growing role in MEXC’s trading activity. In July, tokenized stocks became the largest category within MEXC’s TradFi spot market, accounting for 62% of total spot trading volume. The trend underscores rising user demand for tokenized stocks, and MEXC will continue to expand its tokenized stock offering, empowering users to capture opportunities across global markets. In addition, MEXC 0808: Stock Season, the platform’s annual brand event running through August 28 (UTC), is offering 0 Fees across Tokenized Stocks, Stock Futures and RealStocks, along with the opportunity to share in a $500,000 prize pool.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.
Aster přidal podporu pro vklady a výběry USDG na Robinhood Chain. Uživatelé tak mohou přes self-custody peněženku převádět stablecoin přímo k obchodování bez KYC.
Aster, an on-chain trading platform that lets users trade perpetuals and spot markets directly from self-custody wallets, has added support for USDG deposits and withdrawals on Robinhood Chain. The integration gives traders a direct pipeline between Robinhood’s freshly launched Layer 2 blockchain and a platform that doesn’t require Know Your Customer verification.
What Robinhood Chain actually is Robinhood Chain launched its mainnet on July 1, 2026, built on top of Arbitrum’s technology stack. The Layer 2 network is designed around two specific use cases: tokenized real-world assets and decentralized finance applications.
USDG, the Global Dollar stablecoin issued by Paxos, holds the distinction of being the first stablecoin natively issued on the chain. Paxos maintains 1:1 dollar backing for USDG and publishes monthly attestations to verify those reserves.
Through Robinhood’s Earn product, USDG deposits can generate an estimated 7% APY via Morpho vaults, which come with insurance provisions.
Uniswap liquidity for USDG on Robinhood Chain surged to $8.5 million within just one week of the mainnet going live.
How Aster fits into the picture Aster enables both perpetual futures and spot trading without requiring users to complete KYC, operating entirely through self-custody wallet connections. Users maintain control of their own private keys throughout the trading process.
With the USDG integration, users can now deposit the stablecoin from a Robinhood wallet directly into Aster for trading, and withdraw back out when they’re done. The wallet-based flow eliminates the need for centralized intermediaries to handle the transfer.
The bigger strategic picture USDG is distinct from Robinhood’s custodial services but is also tradable on Robinhood Crypto, giving the token exposure across both centralized and decentralized environments.
Circle’s USDC and Tether’s USDT still dominate overall stablecoin volume by orders of magnitude, but USDG’s native positioning on Robinhood Chain gives it a home-field advantage in this particular ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tether ukončil bitcoinový mining v Uruguayi za 120 milionů USD po vleklém sporu s tamním státním dodavatelem elektřiny UTE. Provoz byl kvůli nedostatku proudu a neuhrazeným platbám odstaven.
Tether, the company behind the world’s most traded stablecoin, has ended its $120 million Bitcoin mining operations in Uruguay after a prolonged dispute with the country’s state electricity provider. The withdrawal signals both major financial losses for Tether and a shift in regional mining ambitions.
Electricity dispute forces closureTether launched its Uruguay Bitcoin mining initiative in 2023, citing the nation’s renewable energy potential, stable political environment, and reliable grid as key factors for selecting the location. The company established two mining sites in Uruguay’s Florida department. Each required an estimated $60 million investment and together represented one of Tether’s largest early moves in South American mining.
However, as mining operations ramped up, conflicts emerged over electricity supply allowances. Tether believed its agreement with the state-run utility UTE allowed for scalable power supplies, while UTE insisted the contract strictly capped power delivery to the Microfin-operated sites, Tether’s local partner. As the facilities sought more electricity to meet rising mining demands, UTE refused, leaving the operations unable to sustain full productivity.
Internal documents show the dispute intensified by November 2024, leading to extended periods of insufficient power. Production suffered, and the sites became increasingly unprofitable as a result.
Failed negotiations and contract terminationNegotiations between Microfin and UTE escalated following a government change in March 2025. With new leadership at UTE, the electricity provider adopted a firm stance, resisting amendments to the original agreement. Microfin eventually stopped paying electricity bills and notified UTE of its intention to terminate existing contracts. Efforts to salvage the venture through a renegotiated agreement and a memorandum of understanding collapsed when Tether representatives declined to attend the contract signing.
On July 25, UTE cut power to the mining sites after payments lapsed and no new deal was reached. Microfin then informed labor authorities of plans to cease mining activities and lay off staff. Outstanding debts to UTE were settled later in December, but the facilities never resumed operations.
Tether’s efforts to expand its mining presence in South America have been set back by regulatory challenges and unfavorable energy economics in Uruguay, with lasting implications for its regional ambitions.
Shifts in Bitcoin mining economicsTether viewed Uruguay as a strategic entry point for broader mining expansion into the continent, including future projects in Brazil, Paraguay, and Argentina. The company highlighted Uruguay’s predominantly renewable energy mix and robust infrastructure as strengths, aiming to refine its operational model before scaling to neighboring countries.
Yet, rising electricity costs and stricter supply contracts have diminished Uruguay’s appeal for Bitcoin mining, especially after Bitcoin’s April 2024 halving event reduced block rewards and squeezed profit margins. Declining crypto market valuations and increasing operational expenses have further impacted miners worldwide.
Despite the setbacks in Uruguay, Tether continues to invest in mining, renewable energy ventures, and software platforms. The company has shifted its focus to new mining operations in Brazil and released open-source tools for mining management. Some mining companies are also moving infrastructure to artificial intelligence and high-performance computing as Bitcoin mining profitability declines.
Mini dictionary: Tether, a company based in the British Virgin Islands, is the issuer of USDT—the most widely used stablecoin in global crypto markets. The firm is a major player in digital asset infrastructure and has recently expanded into energy and mining sectors.
CountryMining CostsMajor Energy SourceUruguayHigher (post-2024)Renewable (wind, solar, hydro)BrazilLower potentialMixed (renewable, hydro)ParaguayLowerHydroelectricDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
CEO Bitget Gracy Chen nečeká, že by USA do konce Trumpova mandátu nakoupily Bitcoin na otevřeném trhu. Strategická rezerva má být tvořena jen zabaveným nebo propadlým Bitcoinem.
The US government’s Strategic Bitcoin Reserve is looking more like a trophy case than a war chest. Bitget CEO Gracy Chen has said she does not expect Washington to make any open-market Bitcoin purchases before the end of President Donald Trump’s current term.
That view is grounded in how the reserve was actually built. The executive order establishing it, signed on March 6, 2025, explicitly limits the reserve to Bitcoin seized or forfeited through criminal and civil asset proceedings. No taxpayer money goes in. No market orders get placed.
What the reserve actually is The US holds a substantial amount of Bitcoin accumulated through law enforcement actions, and the executive order simply formalizes the decision to keep it rather than sell it.
The order also prohibits the government from selling its holdings, which creates an interesting one-way door. Bitcoin goes in when courts rule against defendants. It does not come back out.
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As of mid-2026, no additional Bitcoin has been acquired through any purchase mechanism, and the administrative focus has stayed on building the legal and custodial infrastructure needed to manage existing holdings. Treasury Secretary Scott Bessent has voiced support for Bitcoin as a strategic asset but has stopped well short of announcing any acquisition plans.
Administration officials have privately acknowledged the reserve’s limited scale, describing its current importance as largely symbolic.
Why Chen’s read matters Gracy Chen runs one of the larger centralized crypto exchanges by trading volume. Her skepticism about near-term purchases aligns with what the executive order’s text actually says, rather than what Bitcoin advocates hoped it might eventually enable.
When the executive order dropped in March 2025, some corners of the crypto market priced in the possibility that government purchasing would follow. It has not.
Chen’s comment that purchases are unlikely before Trump’s term ends resets that expectation more explicitly. The term concludes in January 2029, and the implication is that even within a four-year window friendly to Bitcoin, the structural constraints of the current order make large-scale acquisition a low-probability event.
Open-market purchases would require Congressional authorization, budget allocation, and a public debate about using taxpayer funds to buy a volatile digital asset. None of those conversations have gained serious legislative traction.
What this means for the market The prohibition on sales does remove some supply-side uncertainty. Bitcoin held in the reserve stays there, reducing the risk that a future administration could liquidate holdings and depress prices.
Several proposals have circulated on Capitol Hill that would authorize direct purchases, funded through mechanisms that avoid direct taxpayer exposure. None have cleared committee as of mid-2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Spotový Ethereum ETF v USA přilákal více než 221 milionů USD, z toho 219 milionů USD tvořil čistý příliv, a prodloužil sérii na čtyři obchodní dny. ETH se zároveň drží nad 2 300 USD.
Ethereum ETF Pulls $221M as ETH Eyes Another Breakout
Ahmed Barakat
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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Ethereum is back in the spotlight after U.S. spot Ethereum ETF pulled more than $220 million in fresh capital on August 20. The funds recorded more $219 million in net inflows, extending their winning streak to four consecutive trading days. BlackRock’s ETHA once again dominated the session with about $173 million in inflows.
That puts the August 20 flow above the $189.15 million recorded one day earlier. The back to back inflows suggest institutional demand has not slowed after Ethereum’s sharp recovery.
Ethereum ETF Flows, CoinglassETH is also surging above the $2,300 level. CoinGecko data shows Ethereum trading around the $2,360 area in recent market data, with its market cap remaining above $270 billion.
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BlackRock Ethereum ETF Is Doing the Heavy LiftingBlackRock’s ETHA accounted for roughly $173 million of the August 20 inflows. That was followed by BlackRock’s ETHB with about $35.9 million, while Fidelity’s FETH added $5.8 million.
Bitwise’s ETHW brought in around $2.8 million. VanEck’s ETHV added another $1.7 million. The remaining products recorded either smaller flows or no meaningful change during the session.
Biggest ETF Day Since May, BTC Back Above $70K
Aug 19 BTC & ETH ETF Net Flows: +$684.4M
Three straight inflow days, +$1.08B combined. BTC now trades
at $71,653, up 9.7% in 24 hours and back above $70K for the
first time since early June.
— CoinMarketCap (@CoinMarketCap) August 20, 2026 The result is important because it came immediately after the $189 million inflow recorded on August 19. That earlier session had already been described as Ethereum’s strongest single day since October 2025.
As of now, August is shaping up as a major turnaround for Ethereum ETF. The funds had struggled through May and June, when combined net outflows exceeded $1 billion.
The money is moving in the opposite direction. Ethereum ETFs have posted several consecutive positive sessions while ETH has reclaimed levels that looked out of reach during the recent weakness.
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ETH Price Has Another CatalystEthereum price action is giving the ETF numbers even more weight as it jumped sharply during the recent move, reaching above $2,300 and briefly trading near $2,400.
The token’s recovery also came with a sharp improvement in sentiment. Ethereum is now testing whether the $2,300 area can turn into support rather than another temporary stop. That matters because ETF demand is becoming increasingly difficult to ignore. Four straight days of inflows means institutions are adding exposure while ETH is already trading significantly above its recent lows.
There is another supply signal worth watching. Santiment data previously showed exchange held ETH falling from roughly 7.70 million coins on June 2 to 6.54 million on August 18. That represents a decline of around 15% over 11 weeks.
Fewer ETH sitting on exchanges can reduce immediately available selling supply. Combined with stronger ETF demand, that creates an interesting setup if buying pressure continues.
The big question now is whether Ethereum can turn this ETF momentum into a sustained breakout as the $2,400 area is the next obvious test. If ETH clears it decisively while ETF inflows remain strong, the market could start looking toward the next major resistance levels.
For now, the message from Wall Street is getting louder: institutions are buying the dip, and Ethereum is listening.
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Aligned uvedl $ALIGN, nativní token svého full-stack Ethereum ekosystému, a uvedl ho na hlavní burzy. Token má pevnou nabídku 10 miliard a při spuštění bylo v oběhu asi 16 %.
Aligned allows fintechs and institutions to build financial products on Ethereum, with one-click solutions for wallets, rollups, interoperability, and zero-knowledge services.
Today, Aligned, a full-stack Ethereum infrastructure project, has launched $ALIGN*, the native token of its ecosystem, with listings on major exchanges. Aligned is working to turn Ethereum into the world’s financial backend, and its ecosystem is the single integration fintechs, institutions, and enterprises use to build financial products on Ethereum.
Less than one percent of the world’s assets are onchain, and most of what has moved sits on Ethereum as stablecoins, tokenized treasuries, and wrapped assets. Building on top of them is still harder than it should be. A fintech going onchain usually signs with multiple vendors, one for wallets, another for scalability solutions (including rollups and proving systems), then spends months wiring them together and keeping them in sync. There is no standard way to ship a financial product on Ethereum yet.
Aligned was built to fix that. It’s built in close collaboration with LambdaClass, a company behind key contributions across the Ethereum ecosystem, including work on Starknet, zkSync, Polygon Miden, and EigenCloud (formerly EigenLayer), as well as Ethrex (the execution client which powers Aligned’s Rollup-as-a-Service) and lambdaworks, a cryptography library written in Rust. By integrating with Aligned, users can access wallets, rollups, interoperability, and zero-knowledge services through a single stack.
Aligned ships the stack one piece at a time:
Proof Aggregation Service: live on mainnet alpha. Batching the proofs a rollup generates so verification stays cheap as Ethereum scales. Wallet-as-a-Service: MVP already launched. Users sign in with Google or Face ID and get a real Ethereum wallet, with no seed phrases, extensions, or gas fees. Rollup-as-a-Service, the LambdaVM, and the interoperability protocol: in development. The LambdaVM is Aligned’s RISC-V zkVM (zero-knowledge virtual machine), built in collaboration with LambdaClass and 3MI Labs. Each ships as it’s ready. The world’s assets are moving onto Ethereum, and Aligned is creating the stack that makes it easy to build on. In the future, $ALIGN will be available as an option to pay for the services across that stack, from Proof Aggregation to Wallet-as-a-Service. As more teams build on Aligned, it will be the asset they use to pay for that usage. It is a utility token. It is not equity, a share, or a claim on revenue or dividends, and it does not promise a yield or a price.
$ALIGN has a fixed supply of 10 billion tokens, with about 16% circulating at launch. The full allocation and the Genesis airdrop are laid out in the ALIGN tokenomics. The airdrop was distributed across several waves spanning developers and researchers, the Discord and Galxe communities, distinguished contributors to Ethereum and ZK such as Protocol Guild, L2BEAT, ZachXBT, and ZK Podcast, and holders of ecosystem tokens including Starknet, Mina, zkSync, Polygon, Scroll, Taiko, and EigenCloud.
Aligned is committed to Ethereum by choice, focusing all of its efforts on it. Through the rest of the year, the team plans to ship the remaining pieces of the stack and grow the number of products built on it. The longer-term goal is to make building a financial product on Ethereum a single decision, not a systems-integration project.
Check eligibility and follow the launch at community.alignedlayer.com. To hear more, read the ALIGN tokenomics at blog.alignedlayer.com and follow @alignedlayer.
About Aligned
Aligned builds the tools that turn Ethereum into the world’s financial backend. It gives fintechs, institutions, and enterprises one integration for wallets, rollups, interoperability, and zero-knowledge services, so they can build real financial products on Ethereum instead of assembling a stack from separate vendors. Users can learn more at alignedlayer.com.
*$ALIGN is the native asset of the Aligned ecosystem, built on Ethereum as an ERC-20 token and also available on Base, with a fixed total supply of 10 billion and an initial circulating supply equal to approximately 16% of the total token supply. It will be used across the Aligned stack. $ALIGN is not equity, a share, or a claim on revenue or dividends. This announcement is informational only and is not financial advice. Do your own research.
Spotové Ethereum ETF v USA přilákaly čistý příliv 220,77 milionu USD, nejvíce za jediný den od konce října. ETH zároveň vystoupal nad 2 430 USD a míří k rezistenci na úrovni 2 500 USD.
Ethereum’s price extended its strong rebound on Friday, rising above $2,430 for the first time in nearly four months. This rally was supported by renewed institutional demand and notable movements of ETH by large holders on and off cryptocurrency exchanges.
Institutional flows and ETF inflows boost sentimentETH gained approximately 29% in the past week, reflecting a broader trend of recovery seen across the cryptocurrency market. Alongside Ethereum’s gains, Bitcoin briefly crossed $79,000 as investor appetite for digital assets improved.
US spot Ethereum exchange-traded funds (ETFs) recorded significant demand. According to market data provider SoSoValue, US-listed spot Ethereum ETFs attracted a net inflow of $220.77 million on August 20. This represented the highest single-day inflow for these products since October 28, 2025.
Combined inflows into these funds totaled $512.25 million over the past four sessions. Assets managed by US Ethereum ETFs increased to $13.58 billion, the highest amount since May 11. Cumulative net inflows in these products reached $11.97 billion as institutional participation showed continued strength.
US spot Ethereum ETFs attracted $220.77 million of net inflows on August 20, marking their strongest daily result since late October and extending a four-day positive streak.
Earlier in the year, institutional demand for Ethereum weakened as price declines led to significant outflows from ETF portfolios. The recent turnaround has prompted renewed optimism within the sector.
Mini dictionary: SoSoValue, an analytics platform specializing in tracking ETF flows and on-chain data for major cryptocurrencies, provides detailed daily reports for institutional and retail investors.
Whale activity highlights mixed signalsOn-chain activity shows a divided approach among major ETH holders, also known as whales. Blockchain analyst Lookonchain reported that wallet 0x2d59 withdrew 30,000 ETH, valued at $67.42 million, from Binance. Over the last three weeks, the same address has removed 120,000 ETH worth about $237.7 million from the platform.
Abraxas Capital, a London-based investment firm, withdrew 18,000 ETH worth $39.56 million, while a newly created address moved 6,704 ETH, approximately $14 million, out of Binance. Withdrawals of this scale are often seen as a signal of reduced short-term selling pressure, as coins move into private storage rather than remaining available for quick sale.
Simultaneously, some large investors took the opportunity to sell at higher prices. Lookonchain tracked a group called 7 Siblings selling 14,000 ETH for $32.85 million at an average price of $2,346. Another address converted 11,252 stETH and 1,824 ETH into 30.78 million USDT. In addition, a separate whale is reported to have realized $1.76 million in profit after selling 5,250 ETH.
Large exchange withdrawals by entities like wallet 0x2d59 and Abraxas Capital suggest that whales remain actively involved in Ethereum’s supply dynamics, even as profit-taking emerges around resistance levels.
With Ethereum approaching the key $2,500 resistance zone, inflows into ETFs and the steady removal of coins from exchanges point to enduring institutional interest. However, a simultaneous wave of profit realization among major holders introduces a note of caution as ETH faces critical price levels.
Whale/EntityAmount of ETHUSD ValueActionwallet 0x2d5930,000$67.42 millionWithdraw from BinanceAbraxas Capital18,000$39.56 millionWithdraw from Binance7 Siblings14,000$32.85 millionSold at $2,346 avg.Other wallet (stETH + ETH)13,076$30.78 millionConverted to USDTDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum předstihl XRP Ledger v nabídce RLUSD: na Ethereum je 989,34 milionu dolarů, na XRP Ledger 941,36 milionu. Celková oběhová nabídka RLUSD dosáhla 1,939 miliardy dolarů, což je rekord.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to the Ripple stablecoin tracker website, Ethereum has now overtaken the XRP Ledger in RLUSD supply.
Based on current data supplied by the page, RLUSD circulating supply on the XRP Ledger is now $941.36 million, which has been surpassed by that of Ethereum, which is $989.34 million.
The change comes as Ripple continues to adjust RLUSD liquidity across its supported blockchain networks. Specifically, the last 24 hours have seen more RLUSD minted on Ethereum than on the XRP ledger, with larger activity in favor of the former (Ethereum).
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On August 20, $73.8 million RLUSD was minted on ethereum with $23.5 million burned. On August 21 so far, $53.2 million RLUSD was minted on Ethereum with $15 million burned.
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This surpasses XRP Ledger, which saw $36.1 million RLUSD minted on August 20 and $15.4 million RLUSD burned in this timeframe. So far on August 21, $12.5 million RLUSD was minted on the XRPL and $6.5 million burned.
Ripple stablecoin tracker X account details some of these transactions over the last 24 hours.
In recent hours, two transactions of 25,000,000 RLUSD and 20,000,000 RLUSD minted on Ethereum were reported, while 10,000,000 RLUSD was burned on the blockchain. One transaction of 10,000,000 RLUSD minted on XRP Ledger was reported. Another three transactions of 20,000,000 RLUSD, 14,000,000 RLUSD and 16,000,000 RLUSD minted on Ethereum were reported within the last 24 hours.
RLUSD nears $2 billion in circulating supplyWith the ongoing activity, the RLUSD total circulating supply is fast approaching the $2 billion milestone, currently at $1.93 billion according to the Ripple stablecoin tracker page. The current figure of $1.939 billion in total circulating supply marks an all-time high for the Ripple USD (RLUSD) stablecoin, which launched in December 2024.
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RLUSD was launched with support for both the XRP Ledger and Ethereum, allowing its access across two major networks.
In June, the XRP Ledger surpassed the Ethereum blockchain in RLUSD circulating supply for the first time. Now, a recent supply shift has flipped this tide, and the XRP community is watching what comes next.
Ethereum se dostalo nad 2 300 USD, když za zhruba deset týdnů zmizelo z burz 1,15 milionu ETH. Současně americké spotové ETF přilákaly za 24 hodin 189,15 milionu USD.
Ethereum reserves are depleting on centralized exchanges at an unprecedented rate. A potential supply shock is emerging behind this contraction. This scenario is certainly fueled by the massive movement of tokens towards long-term holding as well as the return of institutional investors. Such a reduction is amplified by buybacks through ETFs and various corporate treasury strategies. However, the U.S. administration is sending new signals to the crypto market. The increase in institutional capital combined with ETH scarcity creates a situation where the balance between supply and demand could tighten.
In Brief The massive evacuation of 1.15 million Ethereum off trading platforms over eleven weeks reflects an unprecedented drying up of liquid stocks in the centralized market. This flight to long-term holding is explained by increased locking in staking protocols and strategic accumulation by corporate treasuries. Meanwhile, institutional demand has sharply rebounded with a record inflow of $189.15 million recorded on U.S. Spot ETFs in one day. This mechanical tightening of supply and investor appetite are now supported by encouraging political signals from Washington regarding crypto regulatory frameworks. The sharp contraction of reserves on trading platforms A notable difference between Ethereum and the rest of the market is noticeable through on-chain data. ETH reserves available on exchanges have drastically and sustainably decreased according to recent analyses published by the Santiment platform. Indeed, volumes fell from 7.70 million tokens on June 2 to around 6.54 million on August 18. In about ten weeks, 1.15 million tokens exited, representing a 15% contraction in the immediately tradable supply on exchange platforms.
Unlike Bitcoin, whose reserves grew by 1.8% or about 23,000 BTC sent back to exchanges, ETH balances dropped by 2.2% between July 28 and August 18. Under such conditions, the price of Ethereum exploded nearly 20% in 24 hours, surpassing the $2,300 threshold for the first time since May.
Hence, the real structure of the spot market undergoes a change given this liquidity outflow. The vertiginous contraction of available reserves on various order books drastically increases the market depth available for absorbing large sell orders. Thus, this token reduction increases price sensitivity to even the slightest acquisition surge via the creation of an imbalance between the immediately accessible supply and demand. The progressive decline of stocks on exchanges is the technical catalyst for the current rise, contributing to the drying up of structural selling pressure.
This withdrawal movement from exchanges can be explained by several important statistical data observed over recent days :
A decrease of 1.15 million ETH in exchange reserves between June 2 and August 18, equivalent to a 15% drop in liquid supply ; An additional 2.2% slide in ETH balances on platforms between July 28 and August 18, compared to a 1.8% increase for Bitcoin ; A spectacular price rise exceeding $2,300, driven by a nearly 20% jump in 24 hours. Long-term placement of Ethereum tokens in staking and treasuries Massive long-term accumulation and the strategic locking of tokens outside speculative circuits explain this liquidity outflow. According to analysts from the Santiment platform, staking on the Ethereum blockchain is observed at very high levels. This contributes to withdrawing a significant portion of issued tokens from circulation. Additionally, corporate treasuries are simultaneously expanding their grasp on the crypto. The company BitMine Immersion Technologies alone holds 5,815,164 ETH tokens, about 5% of the total circulating supply. The vast majority of these holdings are directly injected into the validation protocol.
The very nature of the crypto is undergoing transformation due to this colossal shift towards immobilization mechanisms. Thus, the combined involvement of institutional investors and companies in the staking process contributes to locking in capital long-term, which mechanically reduces currency velocity. Ethereum is then progressively sliding from a high-frequency trading instrument status to that of a yield-generating reserve asset, reinforcing token conservation by their owners.
The catalyst of institutional capital and U.S. policy In addition to the supply-specific movement, this increase rests on a significant recovery of incoming financial flows through U.S. ETFs. Indeed, Ethereum ETFs based in the United States accumulated $189.15 million in 24 hours on August 19. This is their strongest daily accumulation since October 28, 2025, bringing this August’s total to over $534 million. Additionally, BlackRock’s ETHA fund boosted this impulse with $122 million injected last Tuesday. Fidelity is second with $36.5 million, followed by Grayscale Mini ETH with $16.04 million, BlackRock’s staking ETF with $9.71 million, Morgan Stanley MSSE with $2.25 million, and Franklin Templeton EZET with $790,000.
Such a resurgence of confidence fits within a regulatory environment deeply changing from Washington. President Donald Trump met this Wednesday at the White House with crypto ecosystem actors such as the leaders of Coinbase, Ripple, and Gemini. Discussions focused on the CLARITY Act. The U.S. executive head urged Congress to adopt a fair version of this bill to help the United States stay ahead against China. He also revealed talks on acquiring large quantities of bitcoins and other cryptos.
The combined result of supply reduction and a healthier regulatory framework produces a particular market structure. While reserve contraction limits immediate liquidation risks, the sustainability of this dynamic will depend on the materialization of legislative promises in Washington and the steadiness of ETF flows.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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DOGE za posledních 24 hodin vzrostl o 10 % na zhruba 0,078 USD a denní objem obchodů vyskočil 3,5× na asi 1,28 miliardy USD. Růst podpořil širší comeback memecoinů.
Key Highlights DOGE price climbed 10% over the past 24 hours while daily trading volume exploded 3.5x to approximately $1.28 billion. The memecoin market segment expanded by more than 5.37%, with PEPE rallying 19% and SHIB posting 10% gains. Open Interest in DOGE futures increased to 17.21 billion tokens from 16.87 billion one day prior. Dogecoin integration with Paxos infrastructure opens doors to PayPal and Venmo users for expanded payment utility. Critical resistance stands at the $0.080 supply zone — breaking through could indicate a potential trend reversal. Dogecoin (DOGE) experienced a 10% price surge over the past day, reaching approximately $0.078 as of this writing. This upward movement coincided with a wider memecoin market rally that propelled PEPE 19% higher and pushed Shiba Inu up by 10%.
Dogecoin (DOGE) Price The overall memecoin sector saw its market capitalization increase by over 5.37%, accompanied by a 189% spike in trading volume to roughly $4.14 billion. Dogecoin dominated activity levels, recording daily volume of approximately $1.28 billion — representing more than half its weekly volume compressed into one trading session.
Source: Token Terminal A contributing factor to this price movement was the U.S. Treasury’s announcement to double its long-term bond repurchase program. This action introduced additional liquidity into financial markets while simultaneously pressuring the dollar lower, creating favorable conditions for dollar-denominated cryptocurrencies like DOGE.
The cryptocurrency Fear & Greed Index advanced from 46 to 62, entering firmly into “Greed” territory. During this same timeframe, Bitcoin surpassed $70,000 while Ethereum climbed above $2,200.
In derivatives markets, Open Interest for perpetual futures contracts expanded to 17.21 billion DOGE, rising from 16.87 billion the previous day. Funding rates have maintained positive territory since August 5, indicating that bulls continue paying premiums to maintain long positions.
Payment Integration Provides Additional Momentum DOGE recently secured integration with the Paxos network, which powers payment infrastructure for PayPal and Venmo. This development potentially exposes Dogecoin to millions of active users across both platforms.
🚨 BREAKING NEWS 🚨 $DOGE gains access to Paxos network used by @PayPal & @Venmo
This is bigger than a headline. Access to the Paxos network could give $DOGE more exposure to payment infrastructure already connected to platforms like PayPal and Venmo.
More rails = easier…
— 𝐓𝐎𝐏 𝐃𝐎𝐆𝐄 (@TOPDOGE007) August 20, 2026
However, despite positive price movement, DOGE Spot ETFs have recorded zero inflows following a net outflow of $564K on August 13. Institutional engagement remains minimal at this stage.
Market analyst chad (@chad_ventures) observed on X that each rebound attempt during the ongoing downtrend — which initiated with a “South Star” signal at $0.185 — has been rejected at the resistance band. He highlighted that a fresh “Meridian North Star” has appeared, and emphasized that the critical question is whether price can successfully break and sustain above that resistance band. According to chad’s analysis, this level will ultimately determine if a genuine trend reversal is underway.
$DOGE this is important here.
Every bounce during this downtrend (first indicated by the South Star at $0.185) got rejected at the resistance band.
A new Meridian North Star has just been printed.
The key question now: Does price break and hold above the resistance band this… pic.twitter.com/i4oors7HJF
— chad. (@chad_ventures) August 20, 2026
Technical Analysis Breakdown From a technical perspective, DOGE has broken through a significant trendline that had been in place since May and successfully cleared a 4-hour resistance trendline. The daily chart RSI registers at 69, approaching overbought conditions. The MACD histogram continues showing positive momentum.
The 100-day EMA positioned at $0.080 represents the immediate resistance barrier. On the downside, the 50-day EMA at $0.074 combined with SuperTrend support at $0.069 establish a demand zone.
The subsequent supply zone above current trading levels remains intact. DOGE’s ability to convert that resistance level into support will ultimately determine whether this rally has sustainable momentum.
Cardano sází na Hydra a Ouroboros Leios, aby zrychlilo síť a podpořilo širší adopci. Input Output Global chce na vývoj Leios vyčlenit 27,7 milionu ADA.
The crypto sector is still looking to make the blockchain simpler and more useful on a daily basis. In this dynamic, Cardano aims to take a new step by expanding its user base on a global scale. Input Output Global bets on concrete applications, better scalability, and a more accessible experience. The goal is clear: to bring cryptocurrencies closer to the general public while preparing the network to handle much more significant activity. Hydra and Ouroboros Leios thus become essential in this strategy. A vision focused on utility and accessibility
In Brief Cardano wants to expand its global adoption through more accessible applications. Hydra is now in the adoption phase to accelerate trading and micropayments. Ouroboros Leios aims to increase network throughput without sacrificing security. Input Output Global offers 27.7 million ADA to accelerate Leios development. The main challenge remains turning these technical advances into sustainable daily adoption. A vision focused on utility and accessibility Charles Hoskinson, founder of Cardano, believes that massive adoption comes through an evolution of the discourse on cryptocurrencies. According to him, their integration into daily uses can simplify financial operations while enhancing their security and privacy. This approach thus aims to make digital assets tools usable by billions of people around the world.
However, technical innovation alone is not enough. Hoskinson also emphasizes transparency and ease of use in interactions with the blockchain. The goal is therefore to reduce perceived complexity for the user, bringing crypto uses closer to more traditional financial practices.
This direction appears in the current roadmap. Cardano is notably working on scalability, digital identity solutions, and applications able to offer a smoother experience. The strategy thus aims to turn the underlying technology into a discreet, accessible infrastructure for everyday use, with simple and understandable paths for different user profiles.
Cardano accelerates with Hydra and Ouroboros Leios Scaling relies on Hydra and Ouroboros Leios. According to the report from Input Output Global, Hydra entered its adoption phase in February, after a testing period. This stage marks a shift towards concrete applications, with demonstrations by DeltaDeFi and Masumi in trading and micropayments.
These demonstrations show how Hydra can leverage higher throughput and reduced latency. For applications requiring rapid exchanges, these characteristics can facilitate more regular use of the network. The project therefore seeks to bring Cardano’s technical capabilities closer to the practical needs of users. The network must especially convert these performance gains into regular usage.
At the same time, Ouroboros Leios is expected to push scalability further. Input Output Global has proposed allocating 27.7 million ADA from the treasury to accelerate its development. This funding aims to support the preparation of a candidate release for the mainnet, with a gradual deployment aimed at increasing throughput without compromising security or decentralization.
Adoption remains the real test Technical advances open a new stage for Cardano, but they must produce real activity. The network must demonstrate that its infrastructures can attract users and support sustainable adoption. This phase thus shifts attention from research promises to more concrete indicators, while the network will need to measure progress through visible and lasting usage.
For ADA holders, improving infrastructure and scalability can strengthen the network’s fundamentals. However, success will mainly depend on the ability to turn technical work into visible daily use. Attracting a global base of new users will require an experience simple enough to go beyond the circle of users already familiar with the blockchain.
This evolution is also part of a broader movement toward financial services that are accessible directly from crypto wallets. The text notably highlights the rise of tokenized stocks, gold and silver, and price automation. This trend seeks to reduce some intermediaries and simplify asset management for both individuals and institutions.
The next step for Cardano will therefore depend on converting its technical advances into sustainable activity. Hydra and Ouroboros Leios must now support this transition to more concrete and accessible uses. One billion users remains a distant goal, whose achievement will depend mainly on real adoption, the experience offered, and the blockchain’s ability to absorb growing demand.
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Cardano Foundation se spojila s UNDP na třetím ročníku SDG Blockchain Acceleratoru, který propojuje blockchainová řešení s rozvojovými výzvami OSN. Přihlášky se otevřou v červenci 2026 a potrvají do 30. září 2026.
The Cardano Foundation is teaming up with the United Nations Development Programme’s Alternative Finance Lab to run the third cohort of its SDG Blockchain Accelerator, a program designed to match UN development challenges with blockchain-based solutions. Applications open in July 2026 and run through September 30, with an acceleration phase from October 2026 to February 2027.
Previous cohorts of the accelerator have produced 46 implementation-ready solutions, with 70% of them embedded in national or regional programs.
What the accelerator actually does The SDG Blockchain Accelerator connects teams building technology solutions with real development problems identified by UN agencies. Focus areas for the 2026 cohort include digital payments, identity management, supply chain traceability, and data privacy.
After the application window closes, selected teams enter a five-month acceleration phase where they build and refine solutions with direct input from UN development practitioners. Deployment and scaling follow after that window closes in February 2027.
One success story from earlier cohorts: Plastiks, a platform focused on verified plastic recovery, has run pilots with UNDP support in Armenia, El Salvador, India, and Zambia. The blockchain layer provides an auditable trail for waste recovery credits.
Cardano’s deepening UN relationship The Cardano Foundation became a founding member of the UNDP Blockchain Advisory Group on June 3, 2026, joining approximately 26 other organizations in the working group.
Through Project Catalyst, Cardano’s community-driven funding mechanism, the Foundation previously helped finance a UNDP blockchain report that featured multiple use cases built on the Cardano platform.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stellar 20. srpna zaznamenal až 3,7 milionu transakcí a 124 270 aktivních uživatelů, což ukazuje na silnou on-chain aktivitu. TVL na síti zároveň vzrostl na 260,16 milionu USD, za 30 dní o 12,33 %.
On-Chain Activity Hits New Highs@StellarOrg recorded up to 3.7 million transactions on August 20, with 124,270 active users on the network that day, according to DefiLlama data. The figure reflects genuine on-chain activity rather than idle capacity, underscoring the network's growing utility as a payments and settlement layer.
$XLM is currently priced at $0.191, giving the token a market capitalisation of $6.58 billion. Daily on-chain fees came in at $1,216, while the 30-day average sits at $32,800, consistent with the network's longstanding design of keeping transaction costs minimal. Average fees on Stellar have stayed near $0.0001 per transaction, about one hundredth of a cent.
TVL Growth Points to Expanding DeFi FootprintTotal value locked on the Stellar network stands at $260.16 million, up 12.33% over the past 30 days. DEX volume reached $3.42 million over the last 24 hours, reflecting sustained trading demand across the network's decentralised exchange layer.
The TVL expansion fits a broader trend that has been building across 2026. Stellar's DeFi TVL reached a new all-time high in June 2026, surpassing $240 million. Much of that growth has been driven by real-world asset tokenisation. RWA market cap on Stellar, excluding stablecoins, climbed 91% quarter over quarter, from roughly $796 million at the end of 2025 to $1.52 billion at quarter-end, and later crossed $2 billion.
The network's stablecoin footprint has also expanded significantly. Stellar's stablecoin market cap increased 22% quarter over quarter from $244 million to $297 million, driven by USDC growth and the launch of SG-FORGE's EURCV on the network in March 2026.
On the institutional side, the Depository Trust and Clearing Corporation (DTCC), which clears and settles virtually every US securities transaction, announced on May 27, 2026, that it will bring DTC-custodied assets onto the Stellar network. The move is expected to bring Russell 1000 stocks, major ETFs, and US Treasuries onto the chain by the first half of 2027.
All on-chain statistics sourced from DefiLlama as of August 20, 2026.
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업비트에서 거래지원하는 NEXO의 컨트랙트 주소는 0xb62132e35a6c13ee1ee0f84dc5d40bad8d815206입니다. NEXO 입출금 진행 시 컨트랙트 주소를 확인 바랍니다.
트래블룰 이행을 위해, 입출금 가능 가상자산사업자 리스트에 포함 되어있지 않은 거래소를 통해 업비트에 자산이 입금될 경우 반영이 불가하며,
'본인 소유 확인'이 완료된 개인지갑 주소로만 입출금이 가능하며, 연동된 개인지갑을 통한 입금 건이더라도 해당 자산의 네트워크에 따라 입금 반환 처리를 해야 할 수 있습니다.
출처가 불분명한 고액의 디지털 자산 입금 시, 자금 출처에 대한 소명이 요청될 수 있습니다. (이용약관 제17조 제8항)
※ 추가 디지털 자산
넥소는 가상자산을 기반으로 예치, 담보대출, 거래, 카드 및 자산관리 서비스를 제공하는 중앙화 디지털자산 자산관리 플랫폼입니다. 2018년부터 서비스를 운영하고 있으며, 이용자는 비트코인, 이더리움, 스테이블코인 등 지원 자산을 플랫폼에 예치하거나 이를 담보로 유동성을 확보하고, 현물 및 파생상품 거래와 넥소 카드(Nexo Card) 등의 서비스를 이용할 수 있습니다. 또한 일반 이용자뿐만 아니라 고액자산가 및 기관을 대상으로 별도의 자산관리, 장외거래, 기업 계정 서비스를 제공하고 있으며, 지역별 규제 환경에 따라 외부 수탁 및 거래 인프라 사업자와 협력하여 서비스를 운영하고 있습니다. 가상자산 NEXO는 플랫폼의 로열티 프로그램을 중심으로 활용되며, 이용자의 Nexo 계정 내 전체 포트폴리오 가치에서 NEXO가 차지하는 비율에 따라 예치금리, 담보대출 금리, 거래 및 카드 캐시백, 출금 혜택 등이 차등 적용되고 담보대출의 담보자산으로도 활용됩니다.
홈페이지 : 넥소 공식 홈페이지
X(구 트위터) : 넥소 공식 X
백서 : 넥소 공식 백서
✽ PC에서 해당 디지털 자산이 조회되지 않을 경우, 새로고침 (F5) 후 확인 부탁드립니다.
✽ 업비트 App에서 해당 디지털 자산이 조회되지 않을 경우, 더보기 > 화면설정 > 코인정보 다시 받기를 클릭 후 확인 부탁드립니다.
투자 위험 안내
• 디지털 자산 투자는 투기적 수요 및 국내외 규제환경 변화 등에 따라 급격한 시세 변동에 노출될 수 있습니다. 본 디지털 자산의 투자 판단의 책임은 본인에게 있으며, 발생 가능한 손실도 투자자 본인에게 귀속됩니다. 프로젝트 홈페이지 및 공시 자료 등을 면밀히 참고하시어 디지털 자산의 특성을 충분히 인지하시고 신중하게 거래해 주시기를 당부해 드립니다.
• 디지털 자산 거래의 특성상 국내외 거래소간 시세 차이가 지속적으로 발생하고 있습니다. 반드시 디지털 자산 투자 전 글로벌 거래소와의 시세 차이에 유의하시기 바랍니다.
• 업비트는 안정된 거래 환경 조성을 위하여 최소 주문 금액 제한 등 다양한 조치를 취하고 있으나, 과열된 투자 환경에 따라 일부 회원님에게는 주문 안정화 메시지가 노출 될 수 있습니다. 이는 먼저 주문한 회원의 주문을 처리하고, 안정적인 서비스를 위한 불가피한 조치이므로 이 점 유의하시기 바랍니다.
※ 가상자산은 고위험 상품으로 투자금의 전부 또는 일부 손실을 초래할 수 있습니다.
※ 가상자산의 투자 판단 및 그에 따른 원금 손실의 책임은 투자자 본인에게 있습니다.
※ 두나무 주식회사 준법감시인 심사필 제25-0156호 (25.09.22~27.09.21)
Pi Network má reálnou infrastrukturu, ale klíčová partnerství zůstávají neověřená: PayPal PI v dokumentaci neuvádí a RoboPay nepotvrdil ani Pi Core Team. PI se přitom obchoduje kolem 0,09 USD.
Protocol 27 is the final planned upgrade. ESMA registered the whitepaper. But PayPal integration remains unconfirmed, RoboPay is disputed, and PI trades at a fraction of its peak. What is real and what is not.
Summary
Pi Network completed its mandatory Protocol 26 upgrade by Aug. 11, 2026, and has designated Protocol 27 as the “final planned upgrade,” signaling the end of the current development sequence. ESMA registered Pi’s MiCA whitepaper (entry 549, filed by PiBit Ltd), a disclosure step that does not constitute regulatory approval but opens a path toward EU compliance. Reports that PayPal added PI to its “Pay with Crypto” program remain unconfirmed. PayPal’s official documentation does not specifically list PI, and PayPal does not appear on Pi Network’s KYB verified business list. A RoboPay partnership announced on Aug. 5, 2026, claiming to enable PI payments for AI driven robot services, has not been confirmed by the Pi Core Team. PI trades near $0.09 with a market cap hovering around $1 billion, against a maximum supply of 100 billion tokens and a circulating supply of approximately 11 billion. Every few weeks, a headline declares that Pi Network has secured a partnership that will finally deliver the real world utility its community has been waiting for since the project launched in 2019. In August 2026 alone, reports emerged that PayPal had added PI to its merchant payment program and that RoboPay would integrate PI for AI driven robot service payments. Each announcement triggered a spike in social media activity and a brief uptick in trading volume.
Neither has been confirmed by the parties allegedly involved.
This pattern, in which ecosystem claims outrun verifiable facts, defines the central tension of Pi Network in 2026. The project has real infrastructure. Its protocol upgrades are genuine. Its ESMA whitepaper filing is a matter of public record. But the gap between what the network has built and what its community claims it has partnered with is wide enough to matter.
What the protocol upgrades actually changed Pi Network’s technical roadmap in 2026 centers on two mandatory upgrades: Protocol 26 and Protocol 27.
Protocol 26 carried a hard deadline of Aug. 11, 2026. All mainnet node operators were required to complete the upgrade or risk disconnection from the network. The upgrade enhanced contract security and state management, laying the groundwork for more complex smart contract interactions on the Pi blockchain.
NEW: Pi Network begins Protocol 26 Mainnet upgrade
The deadline for node operators is August 11 ahead of the final Protocol 27 release pic.twitter.com/F0E4Y95oWm
— crypto.news (@cryptodotnews) July 30, 2026 The Pi Core Team has designated Protocol 27 as the “final planned upgrade” in the current development sequence. That language is significant. It does not mean the network will stop evolving, but it signals that the foundational infrastructure layer is approaching a state the team considers stable enough to support sustained application development.
The node network itself has grown. Pi reports more than 421,000 active nodes, a figure that reflects the network’s distributed validator model. Validators on Pi do not stake tokens in the way Ethereum or Solana validators do. Instead, they run lightweight software that contributes to consensus through Pi’s adaptation of the Stellar Consensus Protocol.
The distinction matters for understanding Pi’s security model. The network trades the economic security guarantees of proof of stake (where validators risk capital) for a broader distribution model (where more participants run nodes at lower cost). Whether that trade off produces sufficient security for high value transactions remains an open question.
The ESMA whitepaper: what it means and what it does not In 2026, ESMA registered Pi Network’s MiCA whitepaper as entry 549 in its public registry. The filing was submitted by PiBit Ltd, the entity that appears to manage Pi’s European regulatory compliance.
MiCA, the Markets in Crypto Assets regulation, requires crypto asset issuers operating in the European Union to publish a whitepaper that meets specific disclosure standards. Registration of the whitepaper is a procedural step. It means ESMA has received the document and made it publicly available. It does not mean ESMA has reviewed the document for accuracy, endorsed the project, or granted any form of regulatory approval.
The distinction is critical because the Pi community has at times characterized the ESMA registration as an endorsement. It is not. It is closer to a filing requirement, similar to how a company files a prospectus with a securities regulator before the regulator reviews it.
That said, the filing is not trivial. Completing a MiCA compliant whitepaper requires legal and compliance work that many crypto projects have not undertaken. It positions Pi to operate within the EU regulatory framework if and when full authorization is granted. For a project that began as a mobile mining experiment with no clear regulatory strategy, the ESMA filing represents a genuine step forward.
The PayPal question In mid August 2026, reports circulated that PayPal had added PI to its “Pay with Crypto” program, which allows eligible U.S. merchants to accept cryptocurrency payments. The claim appeared in several crypto news outlets and spread rapidly through Pi community channels.
JUST IN: Pi Network releases Node version 0.6.2 with connectivity upgrades
The update arrives as operational mainnet apps reach 82 toward the 100 milestone pic.twitter.com/YwkxdWdwlm
— crypto.news (@cryptodotnews) August 16, 2026 The evidence does not support the claim as of this writing.
PayPal’s official documentation lists Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and PayPal USD (PYUSD) as supported assets in its crypto payment program. PI is not on that list. PayPal has not issued a press release, blog post, or public statement confirming PI integration.
On the Pi side, PayPal does not appear on the KYB (Know Your Business) verified business list that Pi Network maintains. The KYB list is Pi’s own registry of businesses that have been verified to operate on its mainnet. If PayPal had completed a formal integration, a KYB listing would be expected.
The gap between the claim and the evidence is not unusual in crypto. Unconfirmed partnership reports are common, particularly for projects with large and active communities. But the pattern is worth noting because PayPal integration, if real, would be genuinely transformative for a token trading at $0.09. The fact that it remains unverified after more than a week of circulation suggests that the claim was at best premature and at worst fabricated.
RoboPay and the AI robotics narrative On Aug. 5, 2026, the Fabric Foundation announced that Pi Network had joined RoboPay as a payment partner. The stated purpose was to enable on chain payments for AI driven robot services and autonomous agent hiring, using PiRC2 smart contracts for recurring and automated settlements.
The announcement painted an ambitious picture: a future in which humans hire robotic services through programmable payment channels on the Pi blockchain. Instead of purchasing a robot, a user would purchase the outcome they need, with payment settled automatically through smart contracts.
The Pi Core Team has not confirmed the partnership.
This is the second high profile ecosystem claim in August 2026 that lacks official confirmation from Pi’s own team. The pattern raises a structural question about Pi’s ecosystem development model. Third party organizations announce integrations. The Pi community amplifies them. Pi’s core team remains silent. The result is a steady stream of partnership news that cannot be independently verified.
Whether the RoboPay integration is real, planned, or aspirational is unclear. What is clear is that the Pi Core Team’s silence does not help its community distinguish between confirmed partnerships and speculative announcements.
The tokenomics problem PI’s price action in 2026 tells a story that no partnership announcement has been able to change.
The token trades near $0.09, with a market cap hovering around $1 billion. Its 24 hour trading volume sits near $11.5 million, modest for a token in the top 60 by market cap. The most active trading pair is PI/USDT on OKX, with approximately $3.6 million in daily volume.
The deeper issue is supply. Pi has a maximum supply of 100 billion tokens, of which approximately 11 billion are currently in circulation. That means roughly 89% of the total supply has yet to enter the market. As locked tokens vest and new tokens are distributed through mining rewards, the circulating supply will continue to grow.
For PI to reach $1, a target that many community members have discussed publicly, the fully diluted market cap would need to exceed $100 billion. That would place Pi roughly in line with Ethereum’s current market cap. For a network with $11.5 million in daily trading volume, no confirmed major partnerships, and a token economy built on mobile phone mining, that valuation is difficult to justify on fundamentals alone.
The circulating supply dynamic also creates selling pressure. Each new batch of tokens that enters circulation represents potential sell orders from miners who have been accumulating PI since the project’s early days. Unless demand from new buyers matches or exceeds the rate of new supply, the price faces persistent downward pressure.
What the ecosystem actually looks like Strip away the unconfirmed partnerships and the picture that remains is simpler than the headlines suggest.
Pi Network has a working mainnet with more than 421,000 active nodes. It has completed two major protocol upgrades in 2026. It has filed a MiCA whitepaper with ESMA. It has an ecosystem directory where developers can build and list applications.
JUST IN: Pi Network details Launchpad model for project token launches
Proceeds from Pi go into a liquidity pool with the ecosystem token to bootstrap liquidity pic.twitter.com/88WRoCcNjM
— crypto.news (@cryptodotnews) July 30, 2026 The number of operational mainnet apps is growing but remains modest. Pi’s ecosystem directory includes applications ranging from payment tools to social platforms, but none has achieved the kind of adoption metrics (daily active users, transaction volume, revenue) that characterize successful decentralized applications on more mature blockchains.
The Pi Browser, which serves as the gateway to Web3 applications on the network, provides a curated entry point for users. The App Studio offers development tools for builders. But the developer ecosystem lacks the depth of tooling, documentation, and community support that Ethereum, Solana, or even newer chains like Sui and Aptos provide.
Pi’s differentiation has always been accessibility. Mining on a mobile phone, with no hardware costs and minimal technical knowledge required, created a user base that now numbers in the tens of millions. Whether that user base translates into an economically active network is the question that Protocol 27, the final planned upgrade, is supposed to answer.
What to watch The aftermath of the credibility gap will play out across several measurable indicators over the coming weeks and months.
Protocol 27 release timeline. This is designated as the final planned upgrade. Its contents and execution will signal whether the Pi Core Team believes the infrastructure layer is ready for sustained application development. PayPal’s official crypto asset list. If PI appears in PayPal’s next quarterly update to supported assets, the integration is real. If it does not, the community will need to reckon with another unconfirmed claim. KYB verified business count. Pi maintains its own registry of verified businesses. Growth in confirmed KYB listings, particularly from recognizable brands, would be a more reliable indicator of ecosystem adoption than third party partnership announcements. Circulating supply growth rate. The pace at which new PI enters circulation relative to trading volume will determine whether selling pressure continues to weigh on the price. ESMA review outcome. The whitepaper registration is a disclosure step. The next milestone is whether ESMA grants full authorization, which would allow Pi to operate as a regulated crypto asset within the EU. Is Pi Network’s PayPal integration confirmed? No. As of Aug. 20, 2026, PayPal’s official documentation does not list PI as a supported asset in its “Pay with Crypto” program. PayPal also does not appear on Pi Network’s KYB verified business list. The claim remains unverified.
What is Pi Network’s Protocol 27? Protocol 27 is designated by the Pi Core Team as the “final planned upgrade” in the current development sequence. It follows Protocol 26, which enhanced contract security and state management. Protocol 27’s full contents have not been publicly detailed.
What does ESMA registration mean for Pi Network? ESMA registered Pi’s MiCA whitepaper as entry 549, filed by PiBit Ltd. This is a disclosure step required under EU regulations. It does not constitute regulatory approval or endorsement of the project.
How many nodes does Pi Network have? Pi Network reports more than 421,000 active nodes. These nodes run lightweight consensus software based on Pi’s adaptation of the Stellar Consensus Protocol, rather than staking tokens.
Why is PI’s price near $0.09 despite a large user base? PI has a maximum supply of 100 billion tokens, of which approximately 11 billion are in circulation. The high maximum supply means that reaching $1 would require a fully diluted market cap exceeding $100 billion. Additionally, daily trading volume near $11.5 million is modest relative to the market cap.
Is the RoboPay partnership with Pi Network confirmed? The Fabric Foundation announced the partnership on Aug. 5, 2026, but the Pi Core Team has not confirmed it. This follows a pattern in which third parties announce integrations that Pi’s own team has not verified.
How does Pi Network’s consensus mechanism work? Pi uses an adaptation of the Stellar Consensus Protocol. Validators run lightweight software on mobile phones and computers to contribute to consensus. Unlike proof of stake networks, Pi validators do not stake tokens, trading economic security guarantees for broader participation.
What would it take for PI to reach $1? At a maximum supply of 100 billion tokens, PI at $1 would require a fully diluted market cap exceeding $100 billion. That would place Pi roughly in line with Ethereum’s current valuation, requiring a level of adoption, utility, and trading volume that the network has not yet achieved. This is educational analysis, not investment advice.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets carry substantial risk. Always conduct your own research before making any investment decisions. Published Aug. 21, 2026.
Ethereum za 20. srpna 2026 vyskočilo o 18 %, ale na Aave zůstává skryté riziko: 9 % pozic drží zhruba polovinu dluhu a průměrný health factor je jen 1,06.
The biggest single day ETH move in two years did not trigger the liquidation cascade. But the concentrated staking correlation trade on Aave is one bad day from unwinding.
Summary
Ethereum surged approximately 18% on Aug. 20, 2026, its strongest single day move since March 2024, climbing from roughly $1,920 to above $2,270 as trading volume jumped 402%. More than $1 billion in Ethereum short positions were liquidated across derivatives markets during the rally, contributing to a broader $3 billion crypto liquidation event. On Aave, the largest decentralized lending protocol with roughly $12.2 billion in total value locked, just 9% of positions carry approximately half of the platform’s total debt. These concentrated positions are built around a leveraged Ethereum staking correlation trade, using WETH debt against liquid staking collateral like weETH (42% of collateral), rsETH, and wstETH, with average health factors near 1.06 and debt to equity ratios near 10.7 times. An 8% to 9% discount in liquid staking wrapper prices relative to ETH could trigger on chain liquidations across hundreds of accounts, creating a cascade risk that the Aug. 20 rally obscured but did not eliminate. The number that matters from Aug. 20 is not 18%. It is 1.06.
Ethereum’s single day gain of roughly 18% dominated the headlines. Trading volume surged 402%. More than $1 billion in short positions were liquidated. The altcoin market cap crossed $1 trillion. By every surface metric, it was one of the strongest days for Ethereum in two years.
But underneath the rally, a structural vulnerability in decentralized lending sat untouched. On Aave, 9% of positions carry roughly half the protocol’s total debt. Those positions run at an average health factor of 1.06, a margin of safety so thin that an 8% to 9% move in the wrong direction could trigger a liquidation cascade on chain.
The rally did not test that vulnerability because ETH moved higher, not lower. The concentrated positions survived. But surviving is not the same as being safe.
The anatomy of the correlation trade To understand the risk, start with the trade itself.
Ethereum’s transition to proof of stake created a new asset class: liquid staking tokens. When a user stakes ETH through a protocol like Lido, Rocket Pool, or EtherFi, they receive a derivative token (wstETH, rETH, or weETH) that represents their staked position. These tokens are designed to trade at or near a 1:1 ratio with ETH, accruing staking rewards over time.
The correlation trade exploits the tight relationship between these wrapper tokens and ETH itself. A trader deposits liquid staking tokens as collateral on Aave, borrows WETH against them, stakes the borrowed WETH to create more liquid staking tokens, and repeats. Each loop adds leverage. The profit comes from the staking yield, which compounds with each layer of recursion.
On paper, the trade appears low risk. The collateral (liquid staking tokens) is correlated with the debt (WETH). As long as the wrapper tokens maintain their peg to ETH, the health factor remains stable. The borrower earns staking yield on every layer of collateral while paying borrowing costs on the WETH debt.
In practice, the risk is concentrated in the peg itself.
Where the leverage sits The data on Aave’s concentrated positions is specific enough to be alarming.
Just 9% of Aave positions hold approximately half the protocol’s total debt. The debt weighted loan to value across this cohort runs near 90%. Their average health factor sits at 1.06. Their debt to equity ratio is approximately 10.7 times.
The collateral backing these loans tells the story. Ethereum staking and restaking wrappers, including weETH, rsETH, and wstETH, make up about 66.2% of the collateral. weETH alone accounts for roughly 42%. WETH makes up about 73% of the group’s total debt.
Total stablecoins supplied on Aave stand at $8.98 billion, with $7.40 billion borrowed, producing a utilization rate of 82.46%. The protocol’s total value locked is approximately $12.2 billion.
The concentration is remarkable. A small number of highly leveraged positions, all running the same fundamental trade, hold enough debt to create systemic consequences if they unwind simultaneously.
What a depeg would look like A health factor of 1.06 means the collateral is worth 6% more than the minimum required to avoid liquidation. For these positions, that translates to a buffer of roughly 8% to 9% in wrapper discount before liquidations begin.
A wrapper discount occurs when a liquid staking token trades below its expected value relative to ETH. This can happen for several reasons: a rush to exit staking positions, a smart contract vulnerability in the staking protocol, a governance failure, or simply a market wide liquidity crunch that drives sellers to accept below peg prices.
Aave learned this lesson in March 2026. A stale risk oracle parameter led to approximately $26 to $27 million in wstETH liquidations. The incident was contained because it affected a single collateral type and the parameter was corrected quickly. But it revealed how oracle latency could interact with concentrated positions to produce outsized losses.
A broader depeg scenario would unfold differently. If weETH, which backs 42% of the concentrated cohort’s collateral, were to trade at a 10% discount to ETH, the health factors on hundreds of accounts would drop below 1.0 simultaneously. Aave’s liquidation mechanism would activate, selling wrapper tokens into a market that is already discounting them. The selling pressure from liquidations would widen the discount, triggering more liquidations.
This is the same feedback loop that operates in centralized derivatives markets during a short squeeze, but in reverse and on chain. Instead of forced buying pushing prices higher, forced selling pushes prices lower. And because the liquidated collateral is the same asset that is being discounted, the cascade feeds on itself.
JUST IN: Aave founder Stani Kulechov announces he is personally contributing 5,000 ETH to DeFi United as the team works nonstop to deliver the best outcome for users pic.twitter.com/CHhe0GlLFu
— crypto.news (@cryptodotnews) April 24, 2026 Why the rally masked the risk Ethereum’s 18% surge on Aug. 20 had the opposite effect on the concentrated Aave positions. Higher ETH prices improved health factors across the board. Wrapper tokens rallied in line with ETH, maintaining their pegs. The positions that sit at 1.06 health factor at current prices were temporarily safer.
But the rally also encouraged behavior that makes the eventual risk worse. When ETH prices rise, staking yields become more attractive in dollar terms. Traders have an incentive to add more layers of recursion to the correlation trade, increasing leverage. If the concentrated cohort added positions during or after the rally, the health factors may have returned to the same 1.06 level at higher absolute prices, meaning the dollar value at risk has increased even though the percentage buffer remains the same.
DeFi lending protocols do not have circuit breakers. There is no exchange operator to halt trading during extreme volatility. There is no margin call that gives a borrower time to add collateral. When the health factor drops below 1.0, liquidation is automatic and immediate. The speed of the cascade is limited only by block time and gas availability.
The rally was driven by macro catalysts including Treasury buybacks and a White House summit. If those catalysts fade and ETH retraces, the concentrated positions will be the first to feel the pressure.
The staking yield illusion The correlation trade is popular because the math looks compelling in normal conditions. Staking yields on Ethereum currently range from 3% to 5% annualized, depending on the protocol. At 10 times leverage, the effective yield on equity approaches 30% to 50% annualized, minus borrowing costs.
But this calculation assumes the wrapper peg holds perfectly. It assumes liquidity in the wrapper market remains sufficient to absorb large sales without price impact. And it assumes that no exogenous shock, whether a smart contract exploit, a regulatory action against a staking provider, or a sudden spike in ETH volatility, disrupts the correlation.
Each of these assumptions has been violated at least once in the history of liquid staking tokens. Lido’s stETH traded at a 7% discount to ETH during the Terra/Luna collapse in June 2022. Rocket Pool’s rETH briefly dipped below peg during the FTX contagion in November 2022. These dislocations were temporary, but they occurred during conditions when leveraged positions on the same tokens would have been liquidated.
The August 2026 rally created an opportunity for traders to take on more of this risk at what feel like higher prices and wider margins. Whether those margins are real or illusory depends entirely on what happens next.
Aave’s risk management response Aave is not unaware of the concentration risk. The protocol’s governance forum has discussed parameter adjustments to address the wstETH/weETH correlation trade, including reducing the loan to value ratio in E mode (the enhanced efficiency mode that allows higher leverage for correlated assets) and increasing liquidation incentives to attract faster liquidator participation during stress events.
The March 2026 incident, in which a stale oracle parameter caused $26 to $27 million in unintended liquidations, prompted a review of oracle update frequencies and fallback mechanisms. The protocol now runs multiple oracle sources for major collateral types.
But governance adjustments move slowly in DeFi. Proposals must pass through community discussion, snapshot votes, and on chain execution. The concentrated positions exist now. A parameter change that takes two weeks to implement offers no protection against a depeg event that unfolds in two hours.
The broader DeFi ecosystem faces the same challenge. Compound, Morpho, and other lending protocols have varying degrees of exposure to the same liquid staking correlation trade. If a depeg event triggers liquidations on Aave, the selling pressure would affect wrapper prices across all platforms simultaneously. Institutional custodians watching from the sidelines would have reason to reconsider their DeFi exposure calculations.
What to watch Wrapper discount thresholds. Track the price of weETH, wstETH, and rsETH relative to ETH on DEX aggregators. Any sustained discount above 3% is a warning sign. A discount above 8% would begin triggering liquidations on the concentrated Aave positions. Aave E mode parameter proposals. Governance proposals to reduce the loan to value ceiling in E mode for liquid staking collateral would force the concentrated cohort to reduce leverage. Track the Aave governance forum and snapshot voting page. ETH volatility after the rally. The 18% move was driven by macro catalysts. If those catalysts fade and ETH retraces, the concentrated positions will be tested. A 15% decline from current levels would bring ETH back to the pre rally range near $1,920, which could stress wrapper pegs. Liquidation bot capacity. On chain liquidation depends on bots that monitor health factors and submit liquidation transactions. If gas prices spike during a cascade, slower bots may fail to participate, reducing liquidation efficiency and increasing bad debt risk. Aave’s total stablecoin utilization rate. At 82.46%, utilization is already high. If it climbs above 90%, withdrawal liquidity shrinks and the protocol’s ability to absorb a cascade deteriorates. How much of Aave’s debt is concentrated in a small number of positions? Approximately 9% of Aave positions carry roughly half of the protocol’s total debt. These positions run at an average health factor of 1.06 with debt to equity ratios near 10.7 times.
What is the Ethereum staking correlation trade? Traders deposit liquid staking tokens (weETH, wstETH, rsETH) as collateral on Aave, borrow WETH against them, stake the borrowed WETH to create more liquid staking tokens, and repeat. Each loop increases leverage and staking yield exposure.
What would trigger liquidations on these positions? An 8% to 9% discount in liquid staking wrapper prices relative to ETH would push health factors below 1.0, triggering automatic on chain liquidations. A 10% depeg could flip hundreds of accounts below the danger threshold simultaneously.
Has a liquid staking depeg happened before? Yes. Lido’s stETH traded at a 7% discount during the Terra/Luna collapse in June 2022. Rocket Pool’s rETH briefly dipped below peg during the FTX contagion in November 2022. Both dislocations were temporary but would have triggered liquidations on leveraged positions.
What is Aave’s total value locked? Aave holds approximately $12.2 billion in total value locked as of August 2026, with $8.98 billion in stablecoins supplied and $7.40 billion borrowed, producing a utilization rate of 82.46%.
Why did the March 2026 Aave incident happen? A stale risk oracle parameter led to approximately $26 to $27 million in wstETH liquidations. The incident highlighted how oracle latency can interact with concentrated positions to produce unintended losses.
Does Aave have circuit breakers? No. DeFi lending protocols do not have the ability to halt trading or pause liquidations during extreme volatility. When a health factor drops below 1.0, liquidation is automatic and limited only by block time and gas availability.
How does Ethereum’s 18% rally affect the concentration risk? The rally temporarily improved health factors by pushing collateral values higher. However, it may also have encouraged traders to add leverage, potentially returning health factors to the same tight 1.06 level at higher dollar values, increasing the absolute amount at risk. This is educational analysis, not investment advice.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets and DeFi protocols carry substantial risk, including the risk of total loss. Always conduct your own research before making any investment decisions. Published Aug. 21, 2026.
Grayscale stáhla registrace pro plánované ETF navázané na Cardano (ADA), Polkadot (DOT) a Hedera (HBAR). Nešlo o odmítnutí ze strany SEC, ale o rozhodnutí firmy nepokračovat.
Grayscale Investments has withdrawn the registration statements for three proposed single-asset exchange-traded funds tied to Cardano’s ADA, Polkadot’s DOT and Hedera’s HBAR. The asset manager submitted three Form RW requests to the U.S. Securities and Exchange Commission on Aug. 7, telling the regulator it “does not intend to proceed with the planned distribution” of the trusts’ shares, according to the SEC filing.
The withdrawals were sponsor-initiated under Rule 477 of the Securities Act of 1933, not the result of a formal SEC rejection. Grayscale said no securities had been issued or sold under the registrations, which had not yet become effective.
Because Grayscale chose to pull the filings before the SEC reached a decision, the move signals a change in the firm’s product priorities rather than a regulatory defeat. Grayscale gave no detailed explanation in the filings, which simply stated that the sponsor no longer intends to proceed.
The S-1 registration statements had been filed in late August and early September 2025 amid a broad wave of altcoin ETF applications. All three underlying tokens have fallen sharply since then, with DOT down the most on a year-to-date basis.
The broader altcoin ETF retreat The withdrawals are part of a wider cooling in the single-asset altcoin ETF category. Bitwise earlier withdrew a registration for a proposed Bitcoin and Ethereum ETF, and competition for inflows into smaller altcoin funds has intensified. Year to date, ADA has fallen more than 41%, DOT has lost about 54% and HBAR has shed roughly 35%, according to market data cited in coverage of the withdrawals.
Grayscale continues to operate a portfolio of roughly 17 ETF products, including its Bitcoin Mini Trust and Ethereum Staking Mini ETF.
What it means for the pipeline Dropping three altcoin funds narrows Grayscale’s proposed single-token pipeline and reflects a more selective approach to products whose demand has not matched the filings made a year ago. For issuers, the retreat suggests the next wave of ETF filings will favor assets with clearer institutional demand rather than breadth for its own sake. The firm can re-file if market conditions change.
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A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Spot bitcoin exchange-traded funds (ETFs) in the United States attracted $606 million in new investments on August 20, up from $517 million just a day earlier, according to figures from analytics firm SoSoValue. Ether ETFs also saw strong demand, gathering $221 million on the same day, reflecting a surge of institutional interest following bitcoin’s recent price breakout.
Institutional inflows broaden across crypto fundsEvery major cryptocurrency-focused ETF listed registered net inflows, not just bitcoin and ether. Funds centered on XRP received $13 million, while Solana-focused ETFs picked up $15 million in new investments. The consecutive daily increase in flows suggests that institutional buyers are entering the market rather than simply responding to short-term trading dynamics.
These sizable inflows came on the heels of a sharp rally in bitcoin, which climbed from under $64,000 earlier in the week and surpassed the $72,000 level on Thursday. Observers speculated whether the rally was the result of new buying or driven mainly by the forced liquidation of short positions.
The pattern of accelerating daily inflows across all major crypto ETFs points to active institutional participation rather than just technical short pressure behind bitcoin’s price breakout.
Bitcoin price maintains strength after breakoutFollowing Thursday’s surge, bitcoin traded close to $75,500 on Friday, well above its earlier levels this week. The token posted one of its strongest multi-day rally stretches of the year, pushing above its previous resistance with momentum fueled by ETF demand.
However, rapid price rises can present near-term risks. Since the start of the week, bitcoin gained over $8,000, a pace that has historically led to pullbacks as the rally cools. Market analysts say watching ETF flows will be key to determining whether this breakout sustains or becomes a temporary spike.
If inflows into spot bitcoin ETFs remain strong in the coming week, market observers believe the cryptocurrency’s move above $72,000 could have a lasting foundation. However, a reduction in ETF demand may indicate the rally could lose steam and revert some of its recent gains.
AssetETF inflow (Aug. 20)Bitcoin$606 millionEther$221 millionXRP$13 millionSolana$15 millionSoSoValue, responsible for providing the ETF inflow data cited, is a digital asset analytics platform specializing in cryptocurrency fund movements. Their daily reports are widely used by analysts and institutional investors tracking the broader crypto investment landscape.
Mini dictionary: SoSoValue, a digital asset analytics provider that tracks and reports cryptocurrency ETF flows and other market metrics for institutional and retail investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana tento týden vzrostla o více než 19 % a testuje 200denní EMA na 89,28 USD. Spotové Solana ETF přilákaly ve čtvrtek čisté přílivy ve výši 14,60 milionu USD.
Solana extended its robust weekly rally this week, rising more than 19% as a combination of stronger liquidity expectations and heightened institutional demand continued to lift the broader cryptocurrency market.
Institutional inflows and Treasury buyback expansion support rallySOL reached an intraday high of $91.00 on Friday, trading near $90.90 and pushing toward a significant technical resistance zone that could shape the next direction of the rally.
The upward momentum in Solana’s price coincided with the US Treasury Department’s announcement to increase specific buyback operations. The department said it would boost the size of liquidity-support buybacks for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation, seeking to improve overall market liquidity.
This move appeared to ease liquidity concerns in traditional markets, encouraging investors to increase their risk exposure, including in major cryptocurrencies.
Solana gained over 10% on Wednesday, driven in part by a broader short squeeze across the crypto sector sparked by the Treasury decision.
The rally was sustained in subsequent sessions, with SOL briefly trading above $90 before confronting resistance at its 200-day exponential moving average (EMA).
Analysts note that institutional demand has continued to build during Solana’s recent advance. Data from CoinGlass showed that spot Solana ETFs attracted $14.60 million in net inflows on Thursday, the highest single-day total since late July. This marked the third consecutive day of positive flows into these products.
Sustained demand for Solana investment products may continue to underpin the token’s recovery, especially if institutional buyers expand their investments. Any slowdown in ETF inflows, however, could limit momentum.
Spot Solana ETFs saw $14.60 million in net inflows, their strongest daily performance since July, signaling steady institutional demand and contributing to the ongoing rally around $90.90.
While traditional markets often depend on multiple intermediaries, the trend toward tokenizing real-world assets is gathering pace. Investors are increasingly turning to platforms such as 1stepSwap, where they can hold shares of major US companies, gold, and silver directly within crypto wallets. By leveraging automated price discovery and removing middlemen, these solutions further impact market liquidity and access.
SOL tests major resistance, technical signals mixedOn Friday, Solana traded around $90.90, just above the 200-day EMA at $89.28, a level widely followed as a long-term trend indicator and now acting as crucial resistance.
A firm close above the 200-day EMA could encourage further upside momentum, bringing the next resistance area near $96.19 into focus. Achieving this target from $89.14 would represent an additional gain of roughly 7.9%.
SOL remains well above its shorter-term moving averages, with the 50-day EMA at $76.91 and the 100-day EMA at $78.63, emphasizing the current bullish setup. Nonetheless, traders remain cautious as buying interest must overcome resistance at the 200-day EMA to push the rally further.
Some technical indicators suggest the recent rally could be overextended. The relative strength index (RSI) was near 79, indicating overbought conditions and raising the risk of a short-term pullback or price consolidation.
At the same time, the moving average convergence divergence (MACD) remains firmly positive, suggesting that bullish momentum has not yet faded.
If SOL holds above $89.28, technical support lies at the 100-day EMA ($78.63), a horizontal support zone near $77.07, and the 50-day EMA ($76.91). A sharper decline might see prices test an older rising trendline close to $74.38.
For now, market participants are closely monitoring whether Solana can establish a lasting move above its 200-day EMA. Such a break could bring the $96.19 resistance into play and determine the next phase for SOL’s price trajectory.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Stellar podle zprávy SDF za 2. čtvrtletí 2026 roste v počtu vývojářů, zatímco Ethereum, Solana i Base ve stejném období klesly. Růst táhnou hlavně Nigérie, Indie, Turecko a Brazílie.
Stellar Hits All-Time High as Rivals ContractStellar is bucking a broad retreat in blockchain developer activity. According to the Stellar Development Foundation's Q2 2026 report,
The contrast with competing networks is stark. Ethereum fell 58%, Solana dropped 68%, and Base saw monthly active developers decline 64% over the same period. This comes against a backdrop of widespread industry weakness.
Where the Growth Is Coming FromThe Stellar Development Foundation attributes the surge to a deliberate push into emerging markets and payments infrastructure. Growth is concentrated in Nigeria, India, Turkey, and Brazil, supported by programs, hackathons, and Stellar Community Fund rounds 42 and 43, which directed $5.5 million toward 55 companies.
The developer momentum sits alongside broader network milestones.
On reliability,
The figures reinforce the case that developer headcount is a leading indicator for network health and long-term adoption. Whether $XLM's price performance follows the developer curve remains to be seen, but the gap between Stellar's trajectory and its largest rivals has rarely been this wide.
Sources:
Stellar Development Foundation: Q2 2026 Report
CoinDesk: Crypto Developer Activity Falls to Multi-Year Low
Trumpova výzva ke schválení zákona o digitálních aktivech poslala jeho memecoiny na Solaně nahoru: Official Trump za dva dny +28 % a Official Melania +24 %.
President Donald Trump's push for new cryptocurrency legislation sent his family's Solana-based memecoins sharply higher this week, as broader crypto markets rallied on renewed optimism around U.S. digital asset regulation.
Memecoins Jump as Trump Calls for Clarity Act The Official Trump token (solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN) jumped 28% over two days to reach a $441 million market cap, while the Official Melania token (solana:FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P) gained 24%, reaching an $86 million market cap. The moves followed remarks Trump made at a White House gathering of top crypto industry executives.
President Trump pressed Congress to pass digital asset market structure legislation, a top industry priority, as he hosted cryptocurrency executives at the White House. The president called for "a fair version" of the Digital Asset Market Clarity Act, a bill that has been stuck in the U.S. Senate.
Several top crypto executives, including Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, and Kraken co-CEO Arjun Sethi, along with Intercontinental Exchange CEO Jeffrey Sprecher, spoke alongside Trump at the event.
The Clarity Act aims to define which tokens qualify as securities versus commodities, and which agencies have oversight of the sector. Investors had started to view the bill as effectively dead for 2026 after the Senate left for its August recess without a vote, with negotiations still hung up over an ethics provision and other differences between Republicans and Democrats.
Bitcoin and Broader Markets Rally Bitcoin led a rally in major cryptocurrencies, inching back above $71,000 late on Wednesday after Trump hosted top crypto industry executives and called on Congress to pass the stalled legislation. Bitcoin has since climbed further, crossing $76,000 according to the original report. The price of Ether, the second most valuable token, rose more than 18% compared to Tuesday.
The Trump family memecoins have a history of reacting sharply to political catalysts. Earlier in 2026, the Melania token surged 50%, driven by anticipation around a Melania Trump documentary, demonstrating that political event catalysts can still move the token even at depressed levels. Both tokens nonetheless remain a fraction of their peak values. The $TRUMP token was an instant success at launch, catapulting to a $15 billion market valuation, but has since lost around 97% of that value.
The legislative backdrop remains uncertain. Trump urged lawmakers to pass a "fair version of the Clarity Act," a bill that crypto companies say would put them on solid legal ground, but which has stalled in the Senate with little time left on the congressional calendar.
Sources:
Bloomberg: Trump Asks Congress to Pass Crypto Bill Alongside Executives
Forbes: Bitcoin Soars Above $70,000 After Trump Calls For Passage Of Crypto Bill
CoinDesk: Trump Pushes Congress to Move on Clarity Act During White House Crypto Event
Shinhan Asset Management spouští pilotní tokenizovaný fond denominovaný v korejských wonech (KRW) na blockchainu Solana a kopíruje strukturu BlackRockova BUIDL. Projekt je zaměřen na ultra-krátkodobé dluhopisy a je zatím v testu pro offshore institucionální investory.
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South Korean financial giant Shinhan Asset Management has announced the development of a pilot tokenized fund denominated in Korean won (KRW) on the Solana blockchain. The product, focused on ultra-short-term bonds for offshore institutional investors, fully replicates the structure of BlackRock's BUIDL fund — the largest player in the real-world asset (RWA) sector.
To launch the project, Shinhan signed a four-party agreement with the Solana Foundation, fintech platform Etherfuse and decentralized exchange Orca. As part of the proof of concept (PoC), the partners are testing the entire operational cycle, from customer verification (KYC) and anti-money laundering (AML) procedures to foreign exchange compliance.
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Orca's role in this chain will be to provide on-chain liquidity for asset conversions, fully replicating the institutional standards embedded in BlackRock's business model.
Solana was selected because of its current position in the tokenization market. The network ranks third globally by the value of distributed RWA assets, with $3.86 billion, and leads by the number of launched projects, with 2,678 compared with Ethereum's 2,268. Meanwhile, the market capitalization of stablecoins on the network exceeds $15.9 billion.
Top 10 blockchain networks ranked by Real World Asset distributed value, Source: RWA.xyzShinhan is deploying its product within an ecosystem where BlackRock's architecture has already proven effective in practice. The BlackRock USD Institutional Digital Liquidity Fund operates on Solana with $695 million in assets, making it the network's undisputed leader.
Other major players rely on the same proven blockchain infrastructure blueprint, including the Janus Henderson AAA CLO Fund with $201.7 million, Ondo U.S. Dollar Yield with $179.3 million and the State Street Galaxy OnChain Liquidity Sweep Fund with $161 million.
Why the Korean won is moving offshore on SolanaAccording to Shinhan CEO Lee Seok-won, the company aims to become a leading issuer of won-denominated digital products.
All fund operations are currently being conducted offshore and are limited to technical validation. This is due to the regulatory timeline: official rules for security token offerings (STOs) will not take effect in South Korea until February 2027.
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While the market awaits regulatory changes, Shinhan is building a fully operational infrastructure ahead of the opening of domestic trading.
Against the backdrop of BCG's forecast that the global RWA market will grow from its current $36 billion to $30 trillion by 2030, the adoption of successful Western models makes Solana a leading contender for integration with Korean capital.
PUMP za 30 dní posílil o 98 % a jeho růst táhne pozitivní smyčka příjmů, zpětných odkupů a návratu uživatelů na Pump.fun. Platforma za posledních 30 dní vygenerovala tržby 29,19 milionu USD a 50 % příjmů používá na nákup a spalování PUMP.
PUMP has been rallying steadily since hitting a low of $0.001 at the end of June. It gained roughly 19% in the past 24 hours, approaching $0.004; 36% over seven days, 98% in 30 days, and around 116% over 90 days. The broader crypto market has warmed up in recent days, with Bitcoin briefly breaking above $79,000. Some meme coins like PEOPLE, NEIRO, and BOME topped Binance’s gainers list, aligning with the common pattern of “market recovery first, meme coins leading.” However, PUMP’s rally started significantly earlier than the current market upswing, launching roughly two months ahead of this cycle. The strong price movement is driven by its fundamentals: Pump.fun is forming a positive feedback loop of “revenue – buybacks – traffic.” On-chain data shows the platform’s fees totaled around $38.15 million over the past 30 days, with revenue of $29.19 million—second only to Tether, Circle, and Canton, and surpassing protocols like Hyperliquid, Polymarket, GMGN, and Tron. The window where the golden cross appeared coincided with a reacceleration in revenue, ongoing PUMP buybacks and burns, and a return of trading users to the platform. Pump.fun allocates 50% of its revenue to buy and burn PUMP tokens. Recent weekly fee revenue has exceeded $10 million—one of the strongest levels since January—translating to potential buyback pressure of around $5 million. The platform recently launched Callout Rewards, cut Solana trading fees to 0% and cross-chain fees to 0.1%, using its revenue advantage to subsidize traffic and compete for users with entry products like GMGN and Fomo. If weekly and daily active trading users continue to hit new highs, PUMP’s market narrative could shift from a pure “meme platform token” to more of a “trading entry with strong cash flow.” Overall, this rally is driven by both technical signals and fundamental positive feedback, with revenue scale and the buyback mechanism serving as core supporting factors.
JPMorgan zvýšil podíl v BlackRock iShares Bitcoin Trust na zhruba 355,7 milionu USD a nově přidal pozici v Bitwise Solana Staking ETF. Podíl v iShares Ethereum Trust vzrostl více než čtyřnásobně a banka se vrátila k XRP přes Bitwise XRP ETF, Grayscale XRP Trust ETF a podíl v Armada Acquisition Corp II.
JPMorgan Chase grew its position in BlackRock’s iShares Bitcoin Trust to roughly 10.4 million shares, worth about $355.7 million as of June 30, according to the bank’s second-quarter 13F filing with the SEC, filed Aug. 12. That is up from about 8.3 million shares, valued near $162 million, the prior quarter.
The crypto positions remain a small fraction of JPMorgan’s total reportable holdings, which the same filing pegs at $1.807 trillion across more than 34,000 positions, but the direction of travel points to deeper exposure to regulated crypto products.
Ether and altcoin exposure JPMorgan’s stake in BlackRock’s iShares Ethereum Trust rose more than fourfold to about 1.17 million shares, valued near $14.3 million, up 338% from the first quarter. The bank also established a new position in the Bitwise Solana Staking ETF of roughly 47,500 shares.
The filing showed a return to XRP after the bank had exited the asset entirely in Q1. The new exposure is small, spread across the Bitwise XRP ETF, the Grayscale XRP Trust ETF and a stake in Armada Acquisition Corp II, a blank-check company pursuing a deal tied to the Ripple ecosystem.
The bitcoin position still exceeds the ether stake by a wide margin, and the XRP holdings are nominal in dollar terms, but the return to the asset after a zero position is the more notable signal in the filing.
Context: institutions via ETFs 13F filings offer a quarterly snapshot of institutional holdings of U.S.-listed equities and ETFs, and banks’ crypto exposure through these vehicles reflects client-driven demand for regulated access rather than a direct endorsement of the underlying tokens. The holdings can shift between quarters as client flows and market conditions change.
What to watch next JPMorgan’s next 13F, due in mid-November, will show whether the bank continued adding to its bitcoin, ether, XRP and solana positions through the third quarter or pared back after Q2’s build-up. The filing arrives as spot bitcoin ETFs have seen volatile flows, making the bank’s positioning a useful signal of institutional sentiment. Morgan Stanley also increased its crypto ETF holdings in the same reporting period, underscoring a broader trend among large banks.
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Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.
Solana vzrostla o 5 % na 91,28 USD po nejsilnějších čistých přílivech do amerických spotových Solana ETF za tři týdny, které činily 14,59 milionu USD. SOL se tak dostal zpět nad 90 USD poprvé za více než 3 měsíce.
Solana price climbed 5% to $91.28 on Friday, extending its four-day advance to roughly 21% in active trading. SOL is back above $90 for the first time in over 3 months.
The gain came after the strongest net inflows into U.S. spot Solana ETFs in three weeks, of 14.59 million.
SOL was supported by ETF demand because enhancing market liquidity prompted investors to make more exposure to major cryptocurrencies. Crypto market sentiment enters greed territory as the Fear & Greed Index rises above 72, its highest level since July 2025.
CMC data Broader Crypto Rally Strengthens Solana Price Momentum The wider crypto market rose 6.8% to $2.6 trillion overall during the same period.
Bitcoin price increased by 8.49% to hit a high of $79,500, and Ethereum price retained its position of above $2,400 after its recent surge.
The mood changed when the U.S. Treasury doubled long-term bond buybacks, which would inject liquidity.
🚀 Bitcoin hit $79,500, up nearly 10% in 24h after the US Treasury doubled its long-term bond buybacks and Trump rallied crypto execs at the White House to push the CLARITY Act.
Notably, tokenized assets led trading volume growth even though traditional markets were quiet last… pic.twitter.com/4J5RZS9LBk
— CryptoRank.io (@CryptoRank_io) August 21, 2026
The resurgence in the CLARITY Act also intensified hopes of more transparent regulations on cryptocurrency in the United States.
Favorable trends within the ecosystem of Solana offered more fuel, and the token outperformed some huge competitors in the market.
Nevertheless, the future step of SOL can be conditional upon further demand of ETF and the ability of the wider market to maintain its progress.
US Spot Solana ETFs Post Largest Daily Inflow in Three Weeks U.S. spot Solana ETFs had their largest net inflows in three weeks, which was $14.59 million inflows yesterday.
🚨JUST IN: U.S. spot Solana ETFs recorded $14.59 million in net inflows yesterday, their largest single day inflow in three weeks.
Grayscale’s GSOL led the products with $7.14 million, while Bitwise’s BSOL attracted $6.57 million. The VSOL by VanEck contributed almost $877,630 and the other listed funds had no new inflows.
Sosovalue data The funds recorded a day trading value of $75.52 million, which is an indication of an increased activity in Solana investment products. The total net assets stood at $1.06 billion or 2.08% of the market capitalization of Solana. Total inflows since launch are now almost $1.18 billion of funds available in the United States.
Solana Price Outlook: How High Can SOL Go? The latest SOL Price surged to $90.98, extending its strong four-hour advance within a rising channel.
The Relative Strength Index reached 89.62, throwing SOL into the overbought region.
The Chaikin Money Flow was also positive at 0.28, which showed that there was a high inflow of capital. Further increase in demand might lead to another rise.
Source: SOL/USDT 4-hour chart: TradingView Solana price reached $93.39 during the session before retreating from its intraday peak.
Further action might drive the future Solana price outlook to reach the next significant resistance zone of $95. A breakout will then be confirmed, which can open the way to $100.
Solana just posted $2.3 million in single-day revenue, marking its second-highest daily figure since September 2025. The milestone lands in mid-August 2026, a period where on-chain activity across the broader crypto market has been picking up steam.
What’s driving the revenue spike Daily chain-level fees for Solana have typically hovered in the $50K to $100K range. That means the bulk of any multi-million-dollar day comes from app revenue, which can peak near $6 million during periods of heavy usage.
For context, Solana’s ecosystem generated an estimated $2.85 billion in total revenue from October 2024 through September 2025. That works out to roughly $240 million per month on average, with the best months pushing close to $616 million. A $2.3 million day is strong but not wildly out of line with what the network has shown it can produce during peak activity windows.
The corporate Solana bet The Nasdaq-listed Solana Company, trading under the ticker HSDT, reported $2.526 million in Q2 2026 revenue, with $2.512 million of that coming directly from staking SOL holdings. The firm posted $6.1 million in total revenue for the first half of 2026, a significant jump from prior periods.
The Solana Company also completed its divestiture of legacy medical device operations during Q2, officially going all-in on blockchain infrastructure.
What to watch from here For SOL holders and Solana ecosystem participants, the revenue data provides a useful lens that cuts through price-chart noise. A chain generating nearly $3 billion annually in ecosystem revenue has fundamentally different prospects than one running on speculation alone.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ondo Finance, a project focused on tokenized real-world assets, has seen its native token ONDO maintain a bullish outlook while the protocol’s total value locked (TVL) surpassed $1 billion for the first time. Ongoing growth in its tokenized asset platform and increasing adoption across multiple networks are supporting continued investor interest in ONDO.
ONDO price movement and technical outlookAt the time of writing, ONDO trades at $0.3581, securing a 6.28% daily gain. The token reports a 24-hour trading volume of $153 million and a market capitalization of $1.73 billion.
Crypto analyst Crypto With Gopal observed that ONDO is consolidating within an ascending triangle pattern, marked by higher lows and narrowing price action. This tightening formation signals converging pressure from buyers and sellers, reflecting increased market tension as the price approaches decisive support and resistance levels.
The $0.28 to $0.30 band serves as the key support area, while resistance remains between $0.40 and $0.45. A strong rebound from support, combined with increased trading volume, could point to an upside move for ONDO.
Repeated higher lows and tighter price action suggest an imminent breakout for the ONDO price, with a move above $0.40–$0.45 potentially eyeing a rally toward $0.70. However, confirmation and volume are needed to validate any such move.
Should ONDO break through the upper boundary of the triangle formation, technical sentiment could favor a sustained rally. In the absence of a breakout, the token may continue its sideways trend.
Support RangeResistance RangeTarget if BreakoutCurrent Price$0.28–$0.30$0.40–$0.45$0.70$0.3581Ecosystem milestones and TVL growthOndo Finance, founded to bring institutional-grade tokenized assets to DeFi, highlighted that demand for tokenized financial products continues to accelerate. The recent milestone of $1 billion in TVL underlines growing trust in the platform.
The Ondo Stocks platform reported $27 billion in lifetime trading volume, supporting more than 440 tokenized stocks and exchange-traded funds (ETFs). This uptrend reflects increased user interest in on-chain financial instruments powered by blockchain technology.
Ondo-related ecosystem transfers have grown to $2.82 billion, delivering a 25% rise month-on-month. The supply of USDY, Ondo’s tokenized yield-bearing stablecoin, expanded to $2.15 billion across 12 networks. More than 200,000 holders now account for its distribution, following 20% growth over the last month.
The uptick coincides with an improving crypto market. Bitcoin’s positive momentum appears to provide foundational support for alternative tokens such as ONDO, which benefit from renewed investor optimism.
A successful ONDO breakout past the $0.40–$0.45 resistance range, powered by strong volume, could target a rally toward $0.70. Despite these tailwinds, traders are weighing whether fundamental growth in real-world asset (RWA) protocols can push ONDO out of consolidation.
Ondo Finance is a blockchain-based platform that specializes in tokenizing real-world assets, enabling institutions and individual investors to access and trade tokenized versions of traditional assets on-chain.
Mini dictionary: Total Value Locked (TVL) refers to the total value of digital assets deposited in a protocol or DeFi ecosystem. It acts as a key indicator of trust, adoption, and activity within blockchain-based financial products.
If ONDO fails to secure a breakout above resistance, it may remain rangebound. Ongoing network expansion and growing adoption of tokenized real-world assets lend support, but future performance remains subject to market conditions and trader sentiment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Binance uvedl, že jeho zaměstnanci byli v SAE po rutinních dotazech kvůli tokům peněz u třetích stran propuštěni. Přesto policie zadržela dva pracovníky a jeden další byl v červenci vyslýchán na stanici.
Binance runs its global exchange under Abu Dhabi’s regulator. Emirati police still detained two of its employees over financial crime inquiries, the New York Times reported.
All have been released. A third staff member, who leads the company’s Dubai arm, answered questions at a police station in July.
A Foothold Built on Licenses and State MoneyThe Emirates is not a side market for Binance. It is the base.
Abu Dhabi’s Financial Services Regulatory Authority granted the exchange three licenses on December 8. No other crypto exchange had won a global license under that framework. The permissions went live on January 5.
The money runs just as deep. State-backed fund MGX invested $2 billion in March 2025. It paid in USD1, a stablecoin from World Liberty Financial, a venture the Trump family part-owns.
The relationship even shapes policy. Binance has cited its Abu Dhabi licensing rules to explain why it now handles some foreign police requests differently.
Airport Stops and an Overnight HoldTwo workers were pulled aside at Emirati airports, people familiar with the inquiries said. One midlevel employee passed through Sharjah this month. Officers took him to a station and held him overnight.
What police are chasing is unclear. Binance told the Emirati government that its staff were swept into fraud cases centered on customers. None were tied to the offenses, the company said.
The link may be mundane. Some employees’ names sit on a corporate bank account Binance keeps in the country. That account processes customer deposits and withdrawals.
“A small number of our personnel were recently asked to provide standard statements to local authorities as part of routine inquiries relating to third-party fund flows… all who provided statements were promptly cleared and released,” A Binance spokesman, speaking to the New York Times.
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A Familiar Pattern for Binance StaffEmirati authorities were already tracing money around the exchange. Dubai’s Virtual Assets Regulatory Authority fined an unlicensed local firm, Shelbit, on July 24. Reuters tracked about $4 billion through Shelbit, and roughly $676 million reached Binance.
Binance’s record invites that attention. The company pleaded guilty in the United States in November 2023 and paid $4.32 billion. Prosecutors found it had let more than $898 million in trades pass between US and Iranian users.
That deal placed an independent compliance monitor over the company for three years. The term still has months left to run.
Staff have been caught in national cases before. Compliance executive Tigran Gambaryan spent months held in Nigerian custody in 2024. US diplomatic pressure secured his release.
The detentions have rattled the workforce. Binance approached Emirati officials this month, seeking help and raising concerns about employee safety.
Whether the questioning stays limited to customer fraud will test how much protection those licenses actually buy.
Soud v Kalifornii zamítl snahu World Liberty Financial přesunout spor s Justinem Sunem do soukromé arbitráže; případ tak zůstane veřejný. Sun tvrdí, že WLFI má skrytý backdoor pro zmrazení nebo spálení tokenů.
TLDR: World Liberty Financial failed to move Justin Sun’s lawsuit into private arbitration proceedings. Sun alleges WLFI’s smart contract has a hidden backdoor to freeze or burn token holdings at will. USD1 stablecoin reportedly shares the same freeze and burn controls Sun alleges exist in WLFI tokens. Sun questions whether World Liberty holds enough capital to cover a judgment worth hundreds of millions. World Liberty Financial faced a setback in California federal court after a judge ruled that Justin Sun’s individual claims against the project will stay in open court.
The ruling rejects World Liberty’s push to move the dispute into private arbitration and seal case documents. Sun, an early investor in the project, called the decision a major win for transparency.
Court Sides With Sun on Open Proceedings The California federal court decision addressed World Liberty’s request to force Sun’s claims into confidential arbitration. Sun’s legal team argued the case belongs in public view, and the judge agreed.
World Liberty also asked the court to send company-related claims to arbitration. The judge did not fully grant that request. Instead, the parties were ordered to determine which claims stay in court.
Sun described the outcome as evidence that token holders deserve visibility into how projects treat their investors.
He said World Liberty would not fight so hard to avoid scrutiny if its conduct were defensible. Sun has positioned the ruling as a step toward accountability in the dispute.
Today, my counsel appeared in California federal court to oppose World Liberty Financial's @worldlibertyfi efforts to force our dispute into secret arbitration proceedings and seal documents from public view.
We argued forcefully that this case belongs in open court—and the…
— H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) August 20, 2026
Sun was among World Liberty Financial’s earliest and largest backers, investing $45 million in WLFI tokens. He has said that investment helped push the project’s token sale past $550 million. His lawsuit against World Liberty seeks hundreds of millions of dollars in damages.
Backdoor Allegations Center on Token Control Sun’s complaint alleges World Liberty built hidden backdoor controls into the WLFI smart contract. Those controls reportedly let the team freeze, restrict, or burn any holder’s tokens without notice. Sun claims World Liberty used this power against his own token holdings.
He also alleges he faced threats of criminal referrals after trying to assert his legal rights. Following the filing, Sun obtained a court order blocking World Liberty from destroying his tokens. He said the order was necessary given the alleged threats and technical capability to act on them.
Sun further claims World Liberty built the same backdoor functions into its USD1 stablecoin. He urged USD1 users to understand that their assets could reportedly be frozen or destroyed. He pointed to the alleged treatment of WLFI holders as a warning sign for stablecoin users.
Sun said he is not the only person who believes they were harmed by World Liberty. He noted others have privately described similar concerns but remain hesitant to file suit. He attributed that hesitation to fear of retaliation, which he said the complaint documents.
Financial Stability and Leadership Questions Raised Sun raised concerns about whether World Liberty has enough capital to cover a judgment. He noted USD1’s reported $4 billion market cap represents user collateral, not company funds. That collateral cannot legally be used to satisfy a court judgment, he said.
Public reports cited in the discussion state World Liberty deposited roughly five billion WLFI tokens as collateral. The deposit reportedly went to Dolomite, a lending platform co-founded by World Liberty’s own chief technology officer. Analysts have compared the circular borrowing structure to leverage patterns seen at FTX.
Sun also referenced World Liberty co-founder Chase Herro’s earlier project, Dough Finance. That platform claimed a hack occurred, but an investor lawsuit alleged Herro personally moved the funds. Public reporting indicates most of those assets remain unaccounted for.
Sun said the combination of factors raises doubts about World Liberty’s ability to meet its obligations. He cited his own damages claim, potential claims from others, and the borrowing structure. Sun encouraged investors to conduct independent research before engaging further with the project.
Aster spustil pět nových RWA perpetualů vypořádávaných v USD1, včetně SPCXUSD1, CLUSD1, XAUUSD1, SNDKUSD1 a SKHYNIXUSD1. Na likviditu je navázán fond zhruba 28 milionů USD.
Five New RWA Perp Markets Go Live on Aster@Aster_DEX has listed five new perpetual markets settled in solana:USD1ttGY1N17NEEHLmELoaybftRBUSErhqYiQzvEmuB, covering SPCXUSD1, CLUSD1, XAUUSD1, SNDKUSD1 and SKHYNIXUSD1. The exchange describes these as the first real-world asset (RWA) perpetual contracts denominated in the stablecoin. Further markets are planned under its AOS-2 listing standard.
Every perpetual contract tracking real-world assets on Aster will settle exclusively in $USD1, @worldlibertyfi's dollar-pegged stablecoin. The move positions $USD1 as the sole margin and settlement layer for Aster's RWA vertical, replacing conventional alternatives such as USDT or USDC for these pairs.
The fee structure for $USD1 commodity pairs is set at 1 basis point for takers and a negative 0.5 basis points for makers, meaning the exchange will pay a rebate to liquidity providers.
A $28 Million Liquidity Fund Backs the LaunchTo seed depth across the new pairs, the two projects have established a dedicated growth fund. @worldlibertyfi is contributing 250M ethereum:0xda5e1988097297dcdc1f90d4dfe7909e847cbef6, while Aster is adding 12.5M $USD1, bringing the combined pool to roughly $28 million at current prices.
Both teams indicated they are exploring deeper integration across their respective token ecosystems, suggesting the partnership could expand beyond settlement.
$USD1 is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar, launched in March 2025, and is fully collateralized with reserves including U.S. dollar deposits, short-term Treasury bills, and cash equivalents held by regulated custodian BitGo Trust and subject to monthly audits. By Q1 2026, USD1 had grown to a circulating supply near $4.5 billion, making it the fastest-growing fiat-backed stablecoin of that period.
For Aster, the launch marks a deliberate push beyond crypto-native derivatives. The move signals a strategic shift toward multi-asset perpetuals beyond pure crypto. With more markets set to follow under AOS-2, the platform is building out what it frames as a new category of on-chain, stablecoin-settled RWA trading.
Sources:
The Defiant: Aster to Settle RWA Perps Exclusively in USD1
World Liberty Financial: Meet USD1 (Official)
BusinessWire: USD1 Crosses $3 Billion in Market Capitalization
Šéfové Coinbase a Ripple ve Washingtonu tlačí na schválení CLARITY Act, který brzdí sporná etická ustanovení. Cílí na jasnější dohled nad digitálními aktivy.
Top executives from Coinbase and Ripple are intensifying efforts in Washington, seeking progress on stalled U.S. cryptocurrency legislation. The ongoing debate focuses on the CLARITY Act, with unresolved ethics provisions identified as the key stumbling block delaying advancement of the market-structure bill.
High-level talks with policymakersCoinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse, representing two of the most influential companies in the digital asset sector, recently met with Commerce Secretary Howard Lutnick. These discussions explored potential actions by the White House to maintain bipartisan momentum for crypto reform as the legislative process faces political challenges.
The CLARITY Act is designed to clarify federal oversight of digital assets, aiming to establish defined responsibilities across regulatory agencies. However, language covering ethics requirements has surfaced as a contentious point among lawmakers.
Executives and officials have highlighted that the central divide lies in reconciling the ethical standards embedded in the bill, which remain sensitive for both parties and have become a major factor in delaying progress.
Both industry leaders and government representatives continue to search for wording that could secure bipartisan agreement. President Donald Trump has characterized the legislation as bipartisan and pressed Congress to approve it. Despite these calls, the specific compromise necessary to resolve outstanding concerns has not yet been agreed upon, and there is no immediate prospect of a fully negotiated deal.
Market impact and corporate positioningThe ongoing negotiations reflect a shift in the regulatory discussion: instead of arguments over the classification of digital tokens or market surveillance, the focus is now on political negotiation and legislative strategy. For large, U.S.-based crypto firms, a tangible path toward passing a market-structure law is seen as more significant than continued public advocacy on regulatory clarity.
Coinbase, a leading U.S. cryptocurrency exchange, has frequently argued that without dedicated regulations, businesses face unclear standards around enforcement and registration. Ripple, which operates the enterprise-focused payments network and is closely associated with the XRP token, has become a vocal participant in the policy debate. The company maintains that regulatory outcomes have a direct effect on both its core business and the broader digital asset industry.
Brad Garlinghouse has recently pointed out that nearly 67 million Americans hold crypto, demonstrating the growing mainstream importance of digital assets. This broadening user base is adding pressure for a resolution, but has not led to immediate political consensus regarding the bill’s ethics provisions.
The active engagement of major crypto companies with federal officials suggests growing momentum, rather than a guaranteed outcome for the CLARITY Act. A workable ethics compromise is seen as critical to reviving legislation considered crucial for increased institutional investment in U.S. crypto markets.
A renewed deadlock risks extending the policy ambiguity that has long influenced U.S. crypto company strategies and asset valuations, highlighting the industry’s reliance on developments in federal lawmaking.
The CLARITY Act continues to serve as a bellwether for institutional confidence in the regulatory landscape. Its fate may ultimately rest on whether lawmakers can reach a consensus on ethics, rather than technical concerns tied to digital asset oversight.
Mini dictionary: CLARITY Act, a proposed U.S. federal legislative measure seeking to define regulatory standards and responsibilities for the cryptocurrency and digital asset markets, with the aim of providing legal certainty for market participants.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin vyskočil nad 72 644 USD a přidal 6,6 % po výzvě Donalda Trumpa, aby Kongres pokročil v kryptoměnové legislativě. Růst podpořil také short squeeze s likvidacemi bitcoinových shortů za 664 milionů USD za 24 hodin.
Bitcoin climbed above $72,500 on Thursday, marking its highest price since late May. The surge came as President Donald Trump called for Congress to advance new cryptocurrency legislation and improving market conditions supported digital assets.
Major cryptocurrencies post significant gainsBitcoin rose 6.6% to reach $72,644. Ethereum increased 11%, while XRP recorded a 19% gain. The Hyperliquid token jumped 15% after President Trump stated that Commodity Futures Trading Commission Chairman Mike Selig was working to bring the decentralized exchange to the US.
The rally coincided with calls from Trump, several regulators, and key cryptocurrency executives urging Congress to pass the Clarity Act. This proposed bill would classify Bitcoin and other digital assets as commodities instead of securities. A procedural vote on the bill is set for September 15.
In contrast to the strong performance in cryptocurrencies, US equities declined. The Dow Jones Industrial Average dropped 624 points, while the S&P 500 fell 0.71% and the Nasdaq Composite slipped over 1%.
Short squeeze and market liquidity boost BitcoinBitcoin’s momentum followed the largest short-liquidation event to date in cryptocurrency markets. According to data from CoinGlass, $664 million in Bitcoin short positions were liquidated within the last 24 hours.
Crypto asset24h price gainShorts liquidatedBitcoin6.6%$664 millionEthereum11%Not statedXRP19%Not statedExpectations of lower long-term US borrowing costs also contributed to Bitcoin’s rise. The US Treasury announced it would double the size of its longer-term bond buybacks to help arrest climbing yields. Lower bond yields generally favor cryptocurrencies by making traditional interest-bearing assets less attractive and increasing overall market liquidity.
Despite Thursday’s rally in bond yields placing pressure on stocks, cryptocurrencies largely maintained their upward trajectory. Gideon Hyams, chairman and co-founder of STS Digital, remarked that the short squeeze initiated the rally but noted that additional factors were sustaining it.
Squeezes start rallies, but they don’t sustain them, and this one has more behind it than forced buying, said Hyams, highlighting falling long-term yields, renewed ETF inflows, and greater regulatory clarity as supporting elements for Bitcoin’s upward trend.
Nicolai Søndergaard, senior research analyst at Nansen, agreed that increased short covering accelerated Bitcoin’s breakout yet emphasized that strong spot and ETF demand were also critical drivers.
Mini dictionary: STS Digital is a digital asset management and research firm focused on cryptocurrency markets, offering insights and investment solutions tailored to institutional clients.
Key tests ahead for the Bitcoin rallyWhile the price jumped sharply, analysts are monitoring whether Bitcoin can retain its gains after the impact of the short squeeze fades. Søndergaard noted that the technical outlook for Bitcoin has improved but warned that leveraged long positions are becoming crowded. He suggested that ongoing strong spot buying will be crucial for the cryptocurrency to remain above the $70,000 mark.
Sustained acceptance above $70,000 would keep the outlook constructive, while a pullback toward the 69,700–69,000 area would be a normal test of the breakout rather than an automatic trend reversal, Søndergaard stated.
Ki Young Ju, founder of CryptoQuant, said demand for Bitcoin has turned positive in both spot and perpetual futures markets for the first time since October 2025’s record highs. However, he pointed out that the current scale of demand is still modest and suggested that if this continues for another month, a new bull cycle could be confirmed.
Technical trends are also drawing attention. Bitcoin is approaching a widely tracked golden cross, where the 50-day simple moving average, now at $64,217, is set to cross above the 200-day average at $68,975. The cryptocurrency is currently above both averages, but continued demand will be necessary for the rally to persist.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Upbit announced 4 new altcoin listings today. The exchange will open trading for Biconomy (BICO), Bubblemaps (BMT), Nillion (NIL), and ETHGas (GWEI).
South Korea’s largest exchange set trading to begin at 1 p.m. Korea Standard Time (KST). All four tokens moved higher after the notice.
Upbit Listing Confirmation Sends 4 Altcoins Sharply HigherGWEI led the market reaction, rising 11.75% against the dollar on Kraken following the announcement. BMT gained 7.48%, while BICO climbed 7.35% on their respective Binance Tether (USDT) pairs over the same period.
NIL posted the smallest gain among the four tokens, up 5.11% at press time.
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Intraday Performance of BICO, NIL, BMT, and GWEI Following the Upbit Listing Notice. Source: TradingViewTrading activity climbed alongside the prices, and GWEI led again. According to CoinGecko, ETHGas’ trading volume jumped 197.70% to $11.1 million over 24 hours, the sharpest increase of the four.
BICO followed with $34.5 million, up 46.70%. BMT handled $12 million, a 25.70% gain, while NIL recorded $14.6 million, up 21.40%.
Meanwhile, the pattern here is familiar. Six new Upbit listings earlier this month lifted Cysic (CYS) by 32% and AIOZ Network (AIOZ) by 12.6%.
Upbit Applies Standard Opening RestrictionsThe exchange will list all four tokens against Bitcoin (BTC) and USDT. Upbit did not announce Korean won (KRW) trading pairs.
Deposits and withdrawals will open within two hours of the notice being published.
“Deposits and withdrawals are supported only through the networks specified in this announcement. Always check the network before depositing,” the exchange said.
Upbit is also applying its standard launch restrictions. Buy orders will be restricted for approximately five minutes after trading begins.
Sell orders priced 10% or more below the previous day’s closing price will also be restricted during that period. For approximately two hours after launch, only limit orders will be available.
Whether the four hold these gains past 1 p.m. KST is the open question. Earlier Upbit debuts have often faded once the initial listing bid clears.
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TRON spustil povinný upgrade GreatVoyage v4.8.2 „Pyrrho“ a uzly musí být aktualizovány do 16. srpna, jinak hrozí ztráta synchronizace s řetězcem. Novinka přidává kompatibilitu TVM s Ethereum Pectra a Osaka.
TRON has released GreatVoyage v4.8.2, codenamed Pyrrho, as a mandatory network upgrade, requiring node operators to update before 23:59 Singapore Time on Aug. 16 to avoid affecting block synchronization. The release was detailed in a TRON developer announcement that lists the upgrade’s core changes.
Mandatory upgrades in the GreatVoyage series are a regular part of operating the TRON network, and missing the deadline can cause a node to fall out of sync with the chain, with knock-on effects for the services that depend on it.
Ethereum compatibility at the virtual-machine level The headline change is TVM compatibility with Ethereum’s Pectra and Osaka upgrades, which adds the CLZ instruction and a secp256r1 signature-verification precompile, among other changes. The goal is to keep TRON’s virtual machine aligned with Ethereum tooling so that developers can port and run familiar smart-contract workloads.
For developers, the alignment reduces the work of porting applications and keeps TRON’s tooling within reach of the wider EVM ecosystem. The compatibility work matters for the network’s developer base because it lowers the friction of building across networks and broadens the range of code that can run on the chain.
Infrastructure and tooling changes Beyond the virtual machine, the release migrates the node’s JSON API from the fastjson library to Jackson, moves monitoring metrics from InfluxDB to Prometheus, and upgrades the TRON Event Plugin to version 3.0.0. Operators using the Event Plugin were instructed to upgrade the plugin before upgrading the node itself.
These changes are aimed at modernizing the tooling around the network rather than altering consensus rules, but they still require operators to plan the upgrade carefully to avoid service disruptions.
Why the timing matters TRON hosts a large share of stablecoin activity, including a substantial portion of USDT supply, so its upgrades carry outsize operational weight for the wallets, exchanges and indexers that depend on the network. Aligning the TVM with Ethereum’s latest upgrades positions the network to keep pace with the broader EVM ecosystem while giving developers a clearer path for cross-chain compatibility. It also signals that TRON intends to keep its smart-contract environment broadly aligned with Ethereum as both networks continue to evolve.
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Sergey Nazarov ze společnosti Chainlink varoval CFTC, že tempo tokenizace rozhodne o tom, zda si USA udrží pozici lídra v globálních financích. Podle něj se americký finanční systém musí přesunout on-chain stejně rychle, ideálně ještě rychleji.
@SergeyNazarov, co-founder of @chainlink, used a Thursday appearance before the Commodity Futures Trading Commission's Innovation Advisory Committee to deliver a pointed message to US regulators: the speed at which America moves its financial markets on-chain will determine whether the country holds its position at the top of global finance.
Nazarov argued that US equities' roughly 60% share of global equity value is not guaranteed as capital markets migrate to blockchain infrastructure. "If the global financial system moves on-chain," he told committee members, "you would want the US financial system to move on-chain at the same speed, or ideally faster, if you want to retain that approximate 60% market share. This is what we are discussing, and it determines America's position in the global financial system."
Regulatory Uncertainty Has Already Cost the US Drawing directly on his experience as an infrastructure provider, Nazarov told the committee that many founders have already left the US because of years of regulatory uncertainty. "For every Hayden or Shane who have the strength and the will to stay in the US and build innovative, high-quality applications," he said, "there are thousands for each one of them that left or closed down." He added that he has lived that cost personally alongside founders for over seven years, and that many of them are simply no longer building at all.
Chainlink's oracle network has processed over $25 trillion in transaction value, giving Nazarov direct visibility into where builders are choosing to operate. He did offer a note of optimism, praising the SEC and CFTC for now working in tandem rather than competing for jurisdictional turf, calling it "a massive improvement for the reputation of the US and trust in the markets."
Tokenization and the Race to Go On-Chain Nazarov said the next major phase of blockchain adoption will come from the tokenization of equities, with the value created on-chain naturally attracting corresponding financial products and markets around it. He pointed to two immediate advantages of blockchain-based market infrastructure: collateral management improving from two-day settlement cycles to round-the-clock operation, with greater transparency over collateral at every step; and stronger security through smart contracts and oracles, which he argued will become increasingly valuable as AI is used to attack and manipulate financial markets.
The broader tokenization market is already moving quickly. The tokenized RWA market has grown by more than 420% since the start of 2025, rising from around $5.8 billion to more than $30 billion, according to analytics platform RWA.xyz. Longer-term forecasts remain wide-ranging: McKinsey projects a $2 trillion market while BCG estimates $16 trillion by 2030.
Nazarov was appointed to the CFTC's Innovation Advisory Committee in February 2026, a body launched and sponsored by CFTC Chairman Michael S. Selig. The committee brings together senior leaders from traditional finance, market infrastructure, and the digital asset industry to advise the Commission on how emerging technologies, including blockchain and AI, are transforming derivatives and commodity markets. Thursday's session marked the committee's first substantive public hearing since its formation.
Sources:
Crypto Times: Live CFTC Innovation Advisory Committee Meeting
Chainlink Official Press Release: Nazarov Appointed to CFTC Innovation Advisory Committee
CoinTelegraph via TradingView: Tokenized RWA Market Grows 420% Since 2025
