Arbitrum DAO v první polovině roku 2026 vykázalo tržby 6,19 milionu USD a hrubá marže přesáhla 97 %. Novým zdrojem příjmů se stal Robinhood Chain, který v červenci přispěl 360 000 USD v licenčních poplatcích.
An unaudited report released by the Arbitrum Foundation shows that Arbitrum DAO generated $6.19 million in revenue in the first half of 2026, with sources including Arbitrum One transaction fees, Timeboost sequencing priority auctions, scaling program licensing fees, and treasury management returns. The protocol’s gross profit margin exceeded 97%, and non-ARB treasury assets stood at $125 million as of the end of June. In H1 2026, Arbitrum processed a total of 478 million transactions, accounting for roughly 18% of its cumulative lifetime total of 2.7 billion transactions; monthly average stablecoin transfer volume surpassed $70 billion, and the number of stablecoin holders rose 40% to 10.5 million. Additionally, Arbitrum has deployed over 2,000 tokenized RWAs. Robinhood Chain, built on Arbitrum’s tech stack, launched its mainnet on July 1, contributing $360,000 in licensing fees to the DAO that month, making up 35% of its monthly revenue. On September 1, Robinhood Chain hit daily fees of $3.75 million, decentralized exchange (DEX) volume exceeding $1.5 billion, and total value locked (TVL) of over $750 million.
ArbitrumDAO ukončuje 90denní migrační okno pro Nova 2. září a síť přechází do údržbového režimu, nikoli do úplného vypnutí. Výběry přes Arbitrum Portal a Canonical Bridge zůstávají dostupné.
3 September 2026 | 01:33 Arbitrum Nova’s 90-day migration period reaches its scheduled end today, but the network is being minimized rather than closed and users can still withdraw funds.
Key Takeaways Nova is being minimized, not closed. September 2 ends the migration window. Canonical withdrawals remain available through the Portal. Fast bridge options may become scarcer. Phase 3’s full completion is unconfirmed. September 2 is the scheduled end of the period in which Nova’s existing infrastructure remained fully operational while users and applications were encouraged to migrate. The ArbitrumDAO has approved a plan to reduce the network to a maintenance-oriented service, not remove it from operation.
What changes after the migration period From June 4, applications, liquidity providers and regular users had a 90-day period to move to Arbitrum One with dedicated support available. Phase 3 reduces Nova’s operating footprint after that period and shifts the network away from active ecosystem support.
What is confirmed
The DAO voted to minimize Nova, and the published migration window runs through September 2.
Afterward, the chain is expected to persist with less infrastructure and a maintenance-only support model.
What September 2 does not confirm
The implementation timetable in the approved proposal was marked tentative and subject to change.
Without a fresh Arbitrum update confirming each Phase 3 step, it is more accurate to report the transition as scheduled than already complete.
For funds still on Nova, the exit route remains For users with assets still on Nova, the published plan keeps the Arbitrum Portal and Canonical Bridge accessible in Phase 3. Arbitrum’s FAQ identifies it as the route available after the dedicated migration period ends.
For larger transfers, Arbitrum’s guidance uses a withdrawal through Ethereum before funds move to Arbitrum One. The process is slow by design, and the three stages below are the ones users need to plan for.
1. Official route
Use the Arbitrum Portal to start the withdrawal from Nova.
2. Plan for the delay
The standard challenge period is seven days before the Ethereum claim.
3. Move to One
After claiming on Ethereum, bridge onward to Arbitrum One if that is your destination.
Fast bridges can be useful when speed matters, but Arbitrum names them as third-party services. Their continued support for Nova is not guaranteed, and the FAQ warns that fewer of these options may remain once Phase 3 begins. Treat them as a convenience, not as a permanent exit route.
$MOON is an exception. Arbitrum says there is no direct Nova-to-Arbitrum One bridge path for the token. Its FAQ directs holders to move $MOON to Ethereum first, wait through the seven-day confirmation period and then bridge it to Arbitrum One.
Nova moves to a smaller operating model The operational changes focus on data availability and infrastructure. Nova is expected to move from active DAC coordination to a passive model in which the sequencer posts transaction data directly to Ethereum blobs. Its sequencer and validator setup is also due to shrink from redundant, higher-performance infrastructure to a leaner maintenance footprint.
Public services become less responsive Arbitrum says the lower-footprint setup could mean reduced throughput, occasional service interruptions and longer response times for Nova-specific issues. Public infrastructure, including RPC endpoints, is expected to face stricter rate limits. Those changes matter most to projects that continue serving users on Nova rather than to someone making a one-off withdrawal.
The withdrawal clock may stretch The seven-day challenge period itself does not change under the plan. However, Arbitrum says a leaner validator footprint could delay the posting of state assertions, potentially adding around 12 to 24 hours before that normal waiting period fully runs its course.
Why Arbitrum chose minimization instead of closure Nova was launched as Arbitrum’s AnyTrust production proof of concept: a cheaper chain for consumer-facing activity such as games, social apps and micropayments. In the approved minimization proposal, Arbitrum argued that later improvements in data-availability economics and the wider Orbit-chain model reduced the need to keep Nova as a fully supported standalone network.
The same direction is visible elsewhere in the ecosystem. Robinhood first launched its Stock Tokens on Arbitrum One before moving to a dedicated chain built on Arbitrum’s technology, a path explored in our analysis of Robinhood Chain’s growth within the Arbitrum ecosystem.
The proposal cited approximately $20.37 million in TVL and about 0.03 transactions per second at the time it was drafted, against estimated annual operating costs of roughly $1.52 million. It projected that a minimized Nova could reduce those costs by about $1.43 million a year.
Those are proposal-era figures, not a measure of Nova’s current TVL. They explain why the DAO chose a smaller operating model rather than the full-service network it had been maintaining.
The transition changes the trade-off for anyone who remains on Nova. The published plan keeps the Canonical Bridge route while the network moves to lower capacity, slower assistance and less certainty around third-party bridges. September 2 ends the period designed to make leaving easy; under the plan, it does not end the ability to leave.
This article uses ArbitrumDAO and Arbitrum-owned guidance only. It is informational and not financial, legal or technical advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
$PEPE se zřekl kontraktu, takže nikdo nemůže mintovat nové tokeny ani měnit pravidla. Přesto 24. srpna 2023 z týmové multisig peněženky odešlo asi 16 bilionů PEPE na burzy a cena tehdy klesla zhruba o 18 %.
The $PEPE token on Ethereum is as close to untouchable as an on-chain asset can get. Ownership of the token contract was renounced at launch and liquidity pool tokens were burned, meaning no address, including those of the original developers, can mint new tokens, impose a transfer tax, or drain the trading liquidity.
A fixed supply with a shrinking float The total token supply was set at 420,690,000,000,000 at launch, with 93.1% sent to the liquidity pool, LP tokens burned, and the contract renounced. That figure can only fall from here. An on-chain transaction later sent roughly 6.9 trillion PEPE to a burn address, reducing the circulating overhang and leaving approximately 413.77 trillion tokens in circulation. There was no presale, and trades carry no tax at the contract level.
With contract renouncement in place, no address can mint new tokens, pause transfers, or alter the contract logic. The renounced ownership, burned LP tokens, and fully circulating supply remove the most common technical rug-pull vectors.
Immutability has limits: the 2023 team wallet incident A locked contract does not lock everything. The remaining 6.9% of the supply was held in a multi-sig team wallet, intended only for future centralized exchange listings, bridges, and liquidity pools. That arrangement proved to be a vulnerability.
On August 24, 2023, roughly 16 trillion $PEPE tokens worth approximately $15 million were transferred from the project multisig wallet to crypto exchanges OKX, Binance, KuCoin, and Bybit. Shortly before the transfers, the multisig signing threshold was quietly cut from five-of-eight to two-of-eight, substantially lowering the security bar. The @pepecoineth team later described those responsible as "bad actors" who had previously been part of the core team. Following the transfers, the PEPE token dropped around 18%.
Contract immutability is not the same as risk-free operations. Even if the token contract itself cannot be changed, wallets controlling reserves or listings inventory can still move markets. The team wallet associated with the @pepecoineth project holds approximately 2.12 trillion PEPE today, worth around $7.2 million.
Sources:
CoinDesk: Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE
The Block: Pepe confirms former team members stole $15 million from multisig wallet
Datawallet: What is Pepe Coin? Tokenomics, ETF Filing and Price History
Core DAO po škodlivém útoku na validátory pozastavil stakingové odměny ve všech produktech. Uživatelé mají do obnovení vyplácení odměn počítat s 0% APY.
Staking Rewards Paused Across All Core Products@Coredao_Org has suspended staking reward emissions following a malicious validator attack on its network. The suspension covers all forms of Core staking, including products offered through @b14g_network, specifically b14g, dualCORE, stCORE, and direct validator staking. Users should expect a temporary 0% APY with no additional rewards distributed until emissions resume.
According to @b14g_network, user funds remain 100% secure and no action is required from b14g depositors. The platform has committed to keeping users informed as the situation develops.
Core first disclosed the problem on August 31, when it said a small number of validators were accruing block rewards significantly above the amount intended under the protocol. Validator rewards had exceeded the protocol's intended levels for a small group of validators, and Core said it had identified the root cause and was working on mitigations.
Issue Contained, Emergency Hard Fork Planned Core has since confirmed the incident was contained and that malicious validators can no longer draw excess rewards. The planned network upgrade will be a forward-only fix and will not roll back or reverse any previously confirmed transactions.
$CORE has a hard cap of 2.1 billion tokens, with roughly 40% allocated to node mining rewards distributed over an 81-year emission schedule. Core has not disclosed how much additional CORE was issued, how long the exploit lasted, or whether any of the excess tokens entered circulation.
Several exchanges restricted $CORE transfers around the time of the incident. Coinbase paused sends and receives on the Core network, while Bithumb and Coinone suspended deposits and withdrawals, citing suspected or confirmed security concerns. Bitget also suspended CORE deposits and withdrawals, citing wallet maintenance, while LBank suspended deposits due to what it described as the project's requirements.
Core described the incident as limited to reward issuance, and said network security and custody were unaffected. By September 1, the team said the activity had been contained and moved to coordinate an emergency hard fork with its validator set. Core has not published an activation time for the upgrade or disclosed the technical vulnerability that allowed the excess rewards to be claimed. A full technical postmortem is expected to follow.
For now, @b14g_network users are advised to hold their positions and await further updates as @Coredao_Org works toward restoring normal staking emissions.
Sources:
Crypto Briefing: Core DAO Plans Emergency Hard Fork After Validators Draw Excess Rewards
CoinTelegraph: Core DAO Plans Hard Fork Over Excess Validator Rewards
CryptoSlate: Validator Reward Failure on Core DAO Triggers Exchange Transfer Blocks
World, identity projekt dříve známý jako Worldcoin, vydal ProveKit v1, open-source toolkit pro generování zero-knowledge důkazů na spotřebitelském hardwaru. Po zhruba dvou letech vývoje a po early-access období, které začalo v dubnu 2026, dorazilo produkční vydání 2. září. Umožňuje ověřit věk, národnost nebo vlastnictví platného dokladu bez sdílení osobních dat.
World, the identity project formerly known as Worldcoin, has released ProveKit v1, an open-source toolkit that brings zero-knowledge proof generation to consumer hardware. After roughly two years of development and an early-access period that began in April 2026, the production-ready release landed on September 2.
The pitch is straightforward: let users prove things about themselves, like age, nationality, or possession of a valid ID, without actually revealing the underlying data.
What ProveKit actually does ProveKit v1 is a client-side proving toolkit, meaning the heavy lifting happens on the user’s own device rather than on a remote server. All personal data stays local. No third party ever touches it.
On a standard smartphone, proof generation takes just seconds. Even on lower-end devices, the process completes in under 30 seconds.
Under the hood, ProveKit uses the Noir programming language for writing verification circuits, which then compile to R1CS constraints. The proof system itself is WHIR-based, derived from Spartan.
One particularly notable design decision is the target of 128-bit post-quantum security. It achieves this without requiring a trusted setup, eliminating a common ceremony that many zero-knowledge systems depend on.
The toolkit ships with CLI tooling and bindings for Rust, JavaScript, Swift, Kotlin, and C-compatible interfaces.
From internal tool to public infrastructure ProveKit didn’t arrive out of nowhere. The World team has been using it internally since April 2026 for its World ID platform, the biometric identity system built around iris scanning and credential verification.
The toolkit also underwent security audits, including one conducted by Least Authority, a firm well known in the crypto security space.
Version 2 and on-chain ambitions The team is already working on ProveKit v2, which aims to improve proof sizes and generation speed. More significantly, the next version plans to explore Groth16 integration, a proving system that produces much smaller proofs, making on-chain verification across multiple blockchain platforms more practical and cost-effective.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
CCTP, Circle’s infrastructure for multichain digital asset management and crosschain trust layer, is extending to additional Circle-issued assets. CCTP now supports native transfers of EURC, Circle’s euro-denominated stablecoin, running on the same production interoperability infrastructure that powers native USDC transfers today.
With this addition, developers and blockchain ecosystems now have a single way to move USDC and EURC across supported chains.
In the past, making an asset available across multiple blockchains meant connecting separate bridge providers, writing custom integrations for each, and reconciling trust models. That produced duplicated infrastructure, operational complexity, and a fragmented experience for developers and users alike.
Starting with Ethereum and Base, EURC can now move natively crosschain using burn-and-mint, the same model CCTP uses for USDC. The asset is burned on the source chain and minted on the destination chain, so each supported chain holds native EURC. This approach unifies liquidity and enables faster crosschain settlement. CCTP’s existing burn-and-mint functionality for USDC does not change.
This is the next evolution of CCTP: more assets that developers can move crosschain, starting with the addition of EURC. The infrastructure is familiar; now it can do more, with more assets and capabilities coming soon.
CCTP is a crosschain messaging infrastructure service provided by Circle Technology Services, LLC ("CTS"). CCTP is non-custodial; CTS does not hold, control, manage, or transfer user assets or act as a transfer agent, registrar, broker-dealer, investment adviser, or clearing agency. CCTP is not a financial, payment, or advisory service and has not been reviewed or approved by NYDFS or any other regulatory authority. Transfers are irreversible; CTS cannot recover assets sent to an incorrect address. CTS does not vet, endorse, or back third-party assets; such assets are subject solely to the applicable third-party terms and risks. Issuers are solely responsible for their services and compliance with applicable laws. Any fee estimates are non-binding previews; actual fees may differ. Assets are subject to a number of risks, including, but not limited to, price volatility and smart-contract, relay, and bridge vulnerabilities. Availability is subject to change. Developer terms apply.
USDC and EURC are issued by regulated affiliates of Circle. See Circle’s list of regulatory authorizations.
Laser Digital z Nomury bude u půjčovacích trhů na síti Keyring Network fungovat jako správce rizika, první trhy mají být připravené pro Euler Finance. Firmy nezveřejnily kapitál, poplatky ani datum spuštění.
Laser Digital will act as risk governor for lending markets built with Keyring Network, with the first markets readied for Euler Finance. Neither company disclosed committed capital, fee terms or a launch date.
Nomura's digital asset subsidiary will set the risk parameters for institutional lending markets running on DeFi rails, with the first of them readied for Euler Finance.
Laser Digital and Keyring Network have not disclosed the committed capital, fee split, launch date, or named borrower or lender. The two companies have described a framework and said the first markets are ready.
Under the arrangement, Keyring supplies the infrastructure and tooling for specific lending and borrowing markets, including access verification, quantitative risk parameterisation and liquidation framework design. Laser Digital's asset management division takes the role the companies call risk governor, contributing governance standards, portfolio structuring and market practice. Responsibilities will be set contract by contract, according to the release.
Four Named ConstraintsThe companies name four barriers they say keep institutions out of DeFi lending: permissioning, exploit risk, governance and settlement. Unrestricted counterparty access creates compliance exposure, smart contract exploits create tail risk that cannot be quantified, thin institutional oversight limits allocator confidence, and off-chain settlement sits awkwardly against DeFi's assumption of instant finality. Their answer combines zero-knowledge permissioning, quantitative risk modelling, cyber insurance and Keyring's settlement technology, which it calls [un]wind.
"Institutional interest in on-chain fixed income stems from real opportunity, but constraints remain. Our partnership with Keyring focuses on building solutions to support assets whose behaviour resembles conventional fixed income instruments rather than speculative crypto tokens, while preserving the efficiency benefits of on-chain settlement," said Jez Mohideen, co-founder and CEO of Laser Digital."Spanning the interlinked asset classes of rates and credit, fixed income is the largest global market. Despite multi-year exponential growth in tokenised assets, we haven't yet scratched the surface," said Alex McFarlane, founder and CEO of Keyring Network. "By combining Laser Digital's institutional experience with our DeFi native tooling, we aim to enable fixed income strategies that can function at institutional scale on-chain and open the gateway to global markets."Euler Goes FirstEuler holds $368.8 million in total value locked across 17 chains and $555.4 million in outstanding borrows, according to DefiLlama. Most of that sits on Monad, at $240.6 million, with $88.9 million on Ethereum and $18.9 million on Base. The protocol has earned $1.48 million in fees over 30 days and $47,132 in protocol revenue. Euler's founding CEO Michael Bentley stepped down in January as the protocol refocused on institutions.
Euler is named in the release but did not issue it. The announcement came from Laser Digital and Keyring, and says only that the first markets are "now ready to go live first on Euler Finance, expanding to other partners and products, with additional strategies launching in a phased manner." No date is attached to that.
Nomura's Onchain RunLaser Digital has been moving toward credit for a year. In August it backed ZIGChain's emerging-market private credit push. Keyring's own track record is in permissioning: it brought a zero-knowledge identity layer to DeFi vaults on Avalanche in August 2025. Nomura established Laser Digital in 2022 and runs it out of Dubai and Switzerland.
Onchain figures via DefiLlama as of 11:20 UTC on Sept. 2.
The number of onchain tokenized equity holders just hit 1.9 million. Jupiter, the dominant decentralized exchange aggregator on Solana, has been the primary engine behind that growth, routing a massive share of the volume that’s pulling retail investors into a new flavor of stock trading: permissionless, 24/7, and settled on a blockchain.
To put the trajectory in perspective, tokenized equity holders sat at roughly 670,000 in late July 2026. By early August, that number had climbed to nearly 967,000, a 92% jump in 30 days. Now it’s 1.9 million. The month-over-month growth rate clocks in at 73% based on recent data.
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Why off-hours trading is the quiet killer feature Roughly 68% of tokenized asset volume on the platform occurs on weekends and outside traditional market hours. Off-hours trading represents more than 65% of total exchange volume, a stat that suggests the appeal isn’t just novelty. It’s utility.
Jupiter’s tokenized asset volume is up 300% year-to-date.
The Securitize-Jump-Jupiter pipeline The catalyst for this wave traces back to May 5, 2026, when Securitize, Jump Trading, and Jupiter announced a partnership to bring tokenized equities to Solana. Securitize handles the compliance and issuance infrastructure. Jump provides the market-making muscle. Jupiter routes the trades.
Since that launch, the ecosystem has expanded quickly. In June 2026, leveraged Series Tokens from Shift RWA were integrated into Jupiter, giving traders access to amplified exposure on tokenized stocks. Jupiter Lend, a lending product that lets users post tokenized assets as collateral, surpassed $20 million in deposits by mid-July 2026.
Solana’s grip on tokenized equities Solana has captured approximately 85% of all trading volume related to tokenized equities. Inflows into real-world assets on Solana totaled nearly $700 million over a recent 30-day span.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ondo Finance podala SEC a CFTC tři připomínkové dopisy a vyzvala k modernizovaným pravidlům pro perpetual futures, portfolio margining a reportování tržních dat na on-chain trzích.
@Ondo has submitted three formal comment letters to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), calling for a modernized regulatory framework that addresses perpetual futures, portfolio margining, and market data reporting for on-chain markets.
Outcomes Over Familiarity Central to Ondo's argument is the view that the existing legal regime can already accommodate on-chain markets, provided regulators shift their focus toward functional outcomes rather than defaulting to a "familiarity" approach that maps new technology onto legacy structures. The firm argues that forcing on-chain products into frameworks designed for traditional venues can create unnecessary friction without delivering meaningful investor protection.
On the market data front, Ondo points to on-chain verification as a structural alternative to after-the-fact reporting requirements. Because transactions are recorded on a public ledger in real time, the firm contends that mandatory post-trade reporting, as it exists for conventional venues, becomes largely redundant.
Perps Platform Already Live The comment letters arrive with a live product as supporting evidence. Ondo Perps launched in July 2026 and lets non-U.S. traders use tokenized assets, rather than stablecoins, as margin. Ian De Bode, President at Ondo Finance, described it as "the first time a permissionless equity perps platform has been built with the infrastructure required to unlock liquidity, speed, and capital efficiency comparable to traditional derivatives markets." The platform offers up to 20x leverage on stocks, indices, and commodities, including tokenized versions of major names such as NVDA, TSLA, and AAPL.
The platform accepts tokenized real-world assets as collateral alongside stablecoins, meaning traders who already hold tokenized equities can post them directly as margin rather than sourcing a separate pool of stablecoins. Spot holdings and perp positions are managed on the same platform, allowing traders to hedge without moving capital across multiple venues.
By citing the ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 Perps in its regulatory submissions, Ondo is making a practical case: on-chain infrastructure can meet regulatory objectives through transparency and programmable settlement, rather than through compliance mechanisms borrowed from traditional finance.
The submissions land at a pivotal moment for crypto derivatives policy. The CFTC established the first affirmative U.S. regulatory framework for crypto asset perpetual futures contracts through three coordinated actions taken on May 29, 2026. Historically, perpetual contracts have been offered primarily on offshore venues, in part due to regulatory uncertainty in the United States, and the CFTC's recent actions reflect an effort to bring these products onshore while clarifying their regulatory classification.
Ondo's letters represent one of the more detailed industry-led efforts to shape how that framework develops, using a functioning on-chain platform to argue that regulators need not choose between innovation and oversight.
Sources:
Ondo Finance: Introducing Ondo Perps
PR Newswire: Ondo Perps Launches First Equity Perpetuals Platform
Akin Gump: CFTC Advances Framework for Perpetual Contracts and 24/7 Markets
EntropyIO na Hyperliquid spustilo pre-IPO perpetuals, ale kontrakt na OpenAI (io:OAI) byl stažen z nabídky dřív, než se zobchodoval jediný obchod. Hlavními trhy jsou Anthropic (max. páka 3x) a SanDisk (10x).
EntropyIO, a new perpetual futures deployer built on Hyperliquid’s HIP-3 infrastructure, launched with ambitions to let traders speculate on private companies before they go public. The platform registered a contract for OpenAI under the ticker io:OAI, but the market was delisted without recording a single trade.
The actual story is both more interesting and more complicated than a simple OpenAI listing. EntropyIO’s real flagship products are an Anthropic pre-IPO perpetual contract (io:ANTH) at 3x max leverage and a SanDisk equity perp (io:SNDK) at 10x leverage, both of which went live when the platform launched on August 24, 2026.
What EntropyIO actually built The platform operates as a HIP-3 market deployer on Hyperliquid, a designation that lets it create and manage perpetual futures markets on the decentralized exchange.
EntropyIO raised $14 million in a funding round led by Ribbit Capital. On top of that, roughly $40 million in HYPE tokens were reserved for staking to support the deployer’s operations.
The team draws from traditional finance heavyweights like Citadel Securities, Optiver, and Millennium.
Pre-IPO perps work differently from typical crypto perpetuals. The pricing model tracks implied company valuations rather than a spot price, since these companies don’t have publicly traded shares. A $1 price unit on the Anthropic contract translates to a $1 billion implied valuation. After launch, Anthropic’s implied market cap briefly touched around $2 trillion.
The OpenAI contract that wasn’t EntropyIO did register an OpenAI perpetual contract under the io:OAI ticker. But the contract was subsequently delisted due to inactivity, meaning no one actually traded it before it was removed.
A prior HIP-3 operator called Ventuals had previously run markets for both OpenAI and Anthropic pre-IPO perps on Hyperliquid. Ventuals shut down and delisted those offerings in June 2026, roughly two months before EntropyIO’s launch.
How the pricing and risk systems work EntropyIO uses custom oracles combined with liquidity-weighted designs to generate price feeds. Settlement mechanics rely on either on-chain consensus or Time-Weighted Average Price calculations, which help smooth out price swings that thin order books tend to produce.
These bespoke oracle systems exist to prevent transactional manipulation that naturally follows when trading volumes are low.
It’s worth noting what these contracts don’t provide: any form of equity ownership, voting rights, or dividends. Traders are purely speculating on implied valuations. The contracts are synthetic instruments with no claim on the underlying company whatsoever.
What this means for on-chain derivatives The HIP-3 framework allows third-party deployers to create markets on Hyperliquid’s infrastructure, effectively turning the exchange into a platform rather than just a trading venue.
The OpenAI delisting serves as a useful reality check. Just because you can create a perpetual market for something doesn’t mean anyone will show up to trade it. Anthropic, by contrast, appears to have attracted enough trading interest to justify its continued listing.
The $2 trillion implied valuation for Anthropic that appeared shortly after launch suggests that early price action in these markets may reflect speculative froth rather than genuine price discovery. Anthropic’s last private funding rounds valued the company at a fraction of that figure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aster zpřísňuje přístup k autentizovanému API pro nové uživatele: od 7. září bude pro klíčové V3 endpointy nutný vklad z propojené hlavní peněženky. Změna se týká Spot V3 a Futures V3, stávající uživatelé nejsou dotčeni.
Aster (@Aster_DEX), the decentralized perpetual exchange built on BNB Smart Chain, is tightening access to its authenticated API for new users. From September 7, anyone seeking to use key V3 endpoints will first need to make a deposit from their linked main wallet before gaining access.
What Is Changing and Who Is Affected The new requirement applies specifically to authenticated Spot V3 and Futures V3 endpoints. This covers the endpoints developers rely on for account management, order activity, and trading operations.
The change is limited to new users. Those already active on the platform are not affected, and neither are public market data endpoints.
Context: Aster's Ongoing API Transition The deposit requirement is the latest step in a broader shift toward Aster's V3 API model.
Earlier this year, Aster phased out V1 API key creation entirely.
Aster has urged new users to complete the required deposit before attempting any restricted API requests to avoid disruptions to their integrations.
Sources:
Aster Official API Documentation (GitHub)
Aster Developer Docs
Aster API Management Page
CEO společnosti Strategy Phong Le řekl, že nedávný prodej Bitcoinu byl správným krokem k posílení bilance a že další prodeje neočekává. Firma po desetitýdenní pauze znovu nakupuje Bitcoin.
Strategy CEO Phong Le addressed concerns regarding the company’s recent sale of bitcoin, stating that the decision was made to reinforce the firm’s balance sheet. Le described the sale as “the right trade at the time” and emphasized that Strategy is now in a strong financial position.
Bitcoin sales and renewed accumulationStrategy, which holds the largest bitcoin treasury among publicly traded companies, resumed purchasing bitcoin on Monday after pausing for 10 weeks. During this pause that began in June, the company sold a small portion of its bitcoin holdings and focused on building two cash reserves.
Le explained that the company’s decision process does not revolve around bitcoin’s price movements. “We don’t really make decisions specifically on bitcoin’s price,” he stated. He further clarified that the company is fundamentally a “net accumulator,” and sales arise from capital management considerations, rather than speculation or trading objectives.
Strategy CEO Phong Le explained that, “We’re a net accumulator, and so I don’t sit around and say, ‘Well, when am I going to sell Bitcoin next?’ It comes down to a bit of a capital management mathematical equation of when we would do it.”
Le said he does not expect further sales as the company anticipates a strong bull market in the near future.
Strategy’s business model and bitcoin treasuryOriginally known as MicroStrategy, Strategy is an enterprise software firm that pivoted to a bitcoin-focused treasury in 2020. The company initially moved into bitcoin as an inflation hedge for its shareholders and has since become the largest corporate holder of the asset, now managing 845,050 bitcoins valued at $65.1 billion at current prices.
The company’s shares, listed on Nasdaq under the ticker MSTR, enable investors to gain increased exposure to bitcoin’s price movements through traditional equity markets.
Earlier this year, Strategy repurchased some of its preferred stock (STRC) at a discount and increased its dollar reserves, aiming to bolster its overall financial liquidity.
Mini dictionary: STRC, Strategy’s preferred stock, is a class of shares that generally offers priority for dividends and assets over common shares, but with restricted voting rights.
Despite this financial repositioning, Strategy reported a paper loss of $8.22 billion in its July quarterly earnings. Le dismissed the significance of the current accounting loss, characterizing the company’s position as robust and noting confidence in the future.
Phong Le drew a parallel to major financial institutions, stating, “We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation.”
Stock performanceStrategy stock traded 2% lower on Wednesday. Since the start of the year, MSTR has declined 22%.
Open-weight model Kimi K3 od společnosti Moonshot AI při auditu 501 bitcoinových projektů našel 7 958 možných zranitelností, z toho 1 280 s vysokou nebo kritickou závažností, a překonal ostatní testované open-weight modely. Největším nálezem byl kritický bypass dvoufaktorového ověření (2FA) ve verzi BTCPay Server 2.4.2, který už byl zneužit k získání přihlašovacích údajů Lightning peněženky.
A volunteer group called the Bitcoin Red Team just ran one of the most ambitious automated security audits the crypto ecosystem has ever seen. Their weapon of choice: Kimi K3, an open-weight AI model built by China’s Moonshot AI. Over roughly 108 hours, the model catalogued 7,958 potential security findings across 501 Bitcoin-related open-source projects, with 1,280 of those rated high or critical severity.
Kimi K3 outperformed every other open-weight model tested, including Zhipu’s GLM-5.2, in standardized vulnerability detection benchmarks.
What the audit actually found Of the 7,958 potential issues flagged by Kimi K3, only 24.7% could be dynamically reproduced. At the time of reporting, 29.4% of the findings had been communicated upstream to the affected projects.
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The most consequential discovery was a critical two-factor authentication bypass in BTCPay Server version 2.4.2. The vulnerability had already been exploited to extract Lightning wallet credentials before it was patched, making it a live, in-the-wild security incident rather than a theoretical concern.
How Kimi K3 stacks up The UK’s AI Safety Institute and its counterpart CAISI ran a preliminary assessment of Kimi K3 in July 2026, scoring it at 32% on ExploitBench. That’s a benchmark designed to measure an AI model’s ability to identify and reason about exploitable software vulnerabilities. GLM-5.2 scored 24% on the same test.
Among open-weight models, those whose weights are publicly available for anyone to download and run, Kimi K3 sits at the top. The model was released around July 16–27, 2026, and the Red Team intensified its auditing effort in the weeks that followed.
The gap between open-weight and closed-source models remains significant. Leading US models from OpenAI and Anthropic averaged around 76% on ExploitBench. That’s more than double Kimi K3’s score.
The Coldcard incident that started it all The Red Team’s effort was catalyzed by a security incident in July 2026 involving the Coldcard Mk3. A flaw in the Mk3 firmware led to the theft of approximately 594 BTC, estimated at $38 million at the time. The incident sparked widespread speculation that the attackers had used AI to identify the firmware vulnerability, though that claim hasn’t been definitively proven.
What this means for Bitcoin security The economics of code auditing are about to shift. A professional security audit of a single Bitcoin project can cost tens of thousands of dollars and take weeks. Kimi K3 scanned 501 projects in 108 hours.
US AI companies, which build the most capable models, have generally restricted their tools from being used for vulnerability research, citing safety concerns. Meanwhile, an open-weight Chinese model is being freely deployed to find and report bugs in critical financial infrastructure. The gap between open-weight and closed-source model performance on ExploitBench—32% versus 76%—suggests the most capable vulnerability detection still lives behind API paywalls.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy Inc. is not selling its Bitcoin. At least not while the market is running hot, according to CEO Phong Le, who made his position clear in early September 2026: the company does not plan to offload any of its holdings during what he described as an incoming heavy bull market.
That’s a confident statement from the man running a company that now holds 845,050 BTC, worth roughly $65 billion. To put that in perspective, Strategy controls more than 4% of the entire Bitcoin supply that will ever exist.
The numbers behind the conviction Strategy’s latest Bitcoin purchase was 4,603 BTC acquired at an average price of $80,318 per coin, resuming accumulation after an approximate ten-week pause.
That pause wasn’t a loss of faith. The company used the break to clean up its balance sheet, pay down debt to reach a zero net debt position, and build a cash cushion of roughly $7 billion.
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During that same period, Strategy sold approximately 7,000 BTC, at prices between $60,000 and $65,000 per coin, primarily to cover preferred dividend obligations. Le framed those sales as a capital cost decision, not a referendum on Bitcoin’s value.
From ‘never sell’ to ‘sell only when it makes sense’ Strategy built its reputation on an almost religious commitment to never selling Bitcoin. But the reality of running a public company with preferred shareholders and debt obligations meant the dogma needed a practical update. Le’s framing in September 2026 reflects that evolution.
Le described the approach as a two-way strategy: accumulate when conditions favor it, and sell only under strictly defined circumstances tied to capital costs rather than price sentiment. The emphasis, he stressed, is on growing Bitcoin per share over time, a metric that treats the company’s stock as a proxy for Bitcoin exposure, adjusted for dilution and capital efficiency.
What this signals for institutional Bitcoin holders Le’s comments suggest the company is thinking several moves ahead. By establishing that future sales are possible but rule-bound, Strategy creates a framework other institutional holders can study and adapt.
For market participants watching Strategy’s every filing, Le’s September remarks also carry a forward signal. He does not expect to sell during the bull market, implying he sees the bull market as real, ongoing, and substantial enough to justify holding rather than trimming.
Strategy’s Bitcoin-per-share metric is also worth watching as a benchmark. If that number grows consistently over time, it becomes harder for critics to argue the company’s approach is destroying shareholder value.
The company holding over 4% of the total Bitcoin supply means its decisions ripple outward. A surprise sale at scale would move markets. Strategy’s behavior is no longer just a corporate finance story. It shapes how the broader market reads institutional conviction in Bitcoin.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Washington už neřeší, zda krypto patří do tradičních financí, ale jak bude jeho integrace strukturovaná. Pro XRP je klíčová i nová debata o pravidlech SEC a CLARITY Act.
Nate Geraci, an influential figure in the ETF analysis space, highlighted a shift in Washington’s cryptocurrency debate this week. The central issue for policymakers, he noted, has moved beyond whether digital assets will enter the financial mainstream, focusing instead on how their integration will be structured. For XRP, the digital asset developed by Ripple Labs for global payments, these regulatory nuances are especially significant due to its complex legal journey in the United States.
Debate shifts toward system architectureEchoing Kristin Smith, President of the Solana Policy Institute, Geraci explained that current regulatory discussions now revolve around constructing the architecture for crypto’s potential coexistence or integration with established financial systems. This shift comes as the CLARITY Act nears a decisive Senate procedural vote on Sept. 15, while federal bodies continue updating crypto rules even before formal legislative decisions are made.
This two-track strategy stands out for XRP because of its unique progression through the U.S. regulatory landscape compared to many other digital assets.
Geraci summarized: Policymakers are no longer fixated on whether crypto should become a part of traditional finance. Attention is now on the framework that will govern its role in the system.
Impact of court decisions and legislative provisionsRipple Labs and the U.S. Securities and Exchange Commission put an end to their respective appeals in August 2025, establishing the district court’s final judgment as authoritative. District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP did not constitute unregistered securities transactions, although certain institutional sales did fall under existing securities law.
A crucial discussion point for XRP is the proposed Section 105 in the Senate’s draft legislation. If adopted, this provision would restrict the SEC’s jurisdiction when a non-appealable U.S. court judgment, pre-dating the law, determines a digital asset is not a security.
However, legal analysts caution that the impact of this clause has limits. Judge Torres’s findings applied specifically to certain types of XRP transactions, rather than issuing a blanket determination for all sales of the token. As a result, debates about the security status of XRP continue and remain closely tied to the specific circumstances of each transaction.
This uncertainty keeps the institutional infrastructure question at the forefront of the discussion regarding XRP’s place in regulated markets.
SEC proposals and technological integrationOn Sept. 1, the SEC introduced its first significant update in decades to transfer-agent regulations, specifically acknowledging the role of blockchain technology in securities offerings and share transfers. Transfer agents manage crucial elements of U.S. securities settlement and ownership, positioning them at the center of market operations.
Coinpaper analyzed the intersection of these proposed blockchain-focused transfer-agent rules with both Ripple and the XRP Ledger’s expanding tokenization infrastructure.
For Ripple and the XRP Ledger, these developments align with ongoing efforts to expand into tokenization, institutional custody, stablecoin strategies, and broader financial infrastructure. XRP-linked investment vehicles, such as exchange-traded funds (ETFs), are also becoming more common within regulated finance circles.
Mini dictionary: Transfer agents, in finance, are responsible for maintaining records of investors and facilitating securities transfers, settlements, and ownership changes for corporations and funds.
EventDateXRP ImpactProgrammatic sales not securitiesDistrict Court, 2025FavorableSEC transfer-agent rule proposalSept. 1, 2025Expands blockchain recognitionXRP price movementSept. 3, 2025$1.32 (down 2%)XRP market response and outlookRipple CEO Brad Garlinghouse has maintained that passing the CLARITY Act could eliminate a significant regulatory obstacle for the XRP ecosystem, paving the way for broader adoption by institutional investors and financial platforms.
Despite these policy developments, the immediate effect on XRP’s market value has been limited. XRP traded at approximately $1.32 on Wednesday, representing a decline of nearly 2% on the day and about 9% from its August 27 level of $1.45.
While policy shifts promise long-term clarity, current market sentiment suggests that traders and investors do not view them as immediate drivers for XRP price action.
Industry participants see Washington’s focus evolving from existential questions of whether crypto belongs in traditional finance, to the logistical challenges of shaping its regulated participation. For XRP, the main regulatory milestone ahead centers on solidifying the structures through which it can function within established U.S. markets, rather than debating its eligibility for access.
Obchodování na XRP Ledger ve 2. čtvrtletí výrazně vzrostlo: průměrný denní objem order-booku stoupl meziročně o 79 % na 3,57 milionu XRP. Počet aktivních účtů ale klesl na 1 111 z 1 864.
XRP Ledger trading activity grew significantly in the second quarter. The average daily order-book volume rose 79% from a year earlier even as the number of accounts executing those trades declined, according to a new report from XRP-focused digital asset treasury company Evernorth.
Order-book trading on the XRP Ledger averaged 3.57 million XRP per day in the three months through June. It is up from the year-earlier period.
At the same time, the number of accounts placing trades each day fell to 1,111 from 1,864.
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That meant substantially more XRP was traded per active account. Average daily trading per account rose to 3,217 XRP from 1,072 XRP a year earlier, according to Evernorth's Q2 2026 XRP Liquidity Report.
Order-book activity also accounted for 81% of on-chain trading during the quarter, compared with 54% a year earlier.
The report's findings come as liquidity on the XRP Ledger continues to develop beyond XRP itself.
Evernorth said the average supply of RLUSD, Ripple's dollar-pegged stablecoin, on the ledger reached $539 million in the second quarter, up from $73 million a year earlier.
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RLUSD's share of its total supply held on the XRP Ledger also increased to 34% from 20% over the same period. Evernorth noted that the growth occurred while the broader stablecoin market contracted for the first time since 2023.
The data provides a snapshot of how trading and stablecoin liquidity on the XRP Ledger have changed over the past year. However, it does not by itself establish whether the increase in trade size.
Evernorth's public debut Evernorth is preparing to become a publicly traded digital asset treasury company through a proposed combination with Armada Acquisition Corp. II. The companies said last month that the U.S. Securities and Exchange Commission had declared their Form S-4 registration statement effective.
Armada shareholders are scheduled to vote on the transaction Sept. 30. If approved and completed, the combined company is expected to trade on Nasdaq under the ticker XRPN.
Grayscale, a16z a Crypto Council for Innovation tlačí na SEC, aby nové krypto ETF neposuzovala jako jednu rizikovou kategorii. Chtějí rychlejší a cílené schvalování podle skutečného rizika produktu.
Grayscale, a16z and the Crypto Council for Innovation ask the SEC not to automatically tighten the rules for the new generation of ETFs. The crypto sector especially refuses that Bitcoin, Ethereum or other digital assets be placed in the same category as private asset funds, leveraged strategies or event contracts. The three organizations want faster reviews tailored to the real risk of each product.
In brief Grayscale, a16z and the CCI sent their proposals to the SEC at the end of August. a16z asks the SEC not to treat all new ETFs as a single category. Grayscale notably wants to establish a confidential procedure before the official submission of a file. Crypto refuses a single rule for all ETFs The SEC has been working on this file for several weeks. The regulator opened at the end of June a consultation on new ETFs and digital assets. Grayscale and a16z have now responded.
The common point between their letters is quite clear: a crypto ETF should not automatically face new constraints simply because the SEC considers it “novel,” that is, new or unusual. The category studied by the regulator is very broad.
It can include products exposed to crypto, private assets, commodities, a single stock, highly leveraged strategies, or prediction markets. a16z believes these products do not present the same liquidity, valuation, or investor protection issues.
The company also recalls that crypto ETFs and ETPs now have a more developed infrastructure. Bitcoin and Ethereum have already set precedents. Solana also has products listed in the United States. For a16z, starting almost from scratch for each new category therefore does not make much sense.
Grayscale and a16z propose two different paths However, the two groups do not agree on everything. a16z wants to keep the current definition of an “investment company” provided by the Investment Company Act of 1940. A product that mainly holds assets that are not financial securities should not automatically fall into this category.
Grayscale defends a similar position. The manager notably refuses that the SEC impose new portfolio conditions, minimum quotas of financial securities, or additional restrictions on crypto products that already have a compliance history. The matter is becoming concrete for Grayscale. The group also removed three Cardano, Hedera, and Polkadot ETF applications in August.
Another problem: timing. Today, an issuer can finish part of the registration of its fund while the authorization for listing by the exchange is still pending. a16z wants to better coordinate these two procedures. The company proposes standardized timelines, shorter reviews, and, when possible, simultaneous processing of applications.
Grayscale puts forward another idea. The group wants an optional and confidential procedure before the public filing, with a defined response time for SEC staff. The CCI also supports this mechanism. It notably mentions the problem of files copied very quickly after their publication, a phenomenon that the use of AI could accelerate even more.
The next wave of crypto ETFs is happening now The market concerned is already large. Assets held in US ETFs exceed 12 trillion dollars according to figures cited in the responses addressed to the SEC. More than 4,600 funds are now available.
Crypto represents only part of this market. But it is advancing quickly. US spot Bitcoin ETFs recently approached 100 billion dollars in assets. Ethereum and Solana also have their own products, while managers are testing assets increasingly distant from the two large cryptos.
One detail still divides the players. a16z would like to reserve the term “ETF” for funds registered under the Investment Company Act. Other products would be clearly identified as ETPs. Grayscale opposes this. For the manager, the term ETF can also describe a listed product with an arbitrage mechanism and a transparent price, regardless of its precise legal framework.
The CCI prefers clearer information on the regulatory status of each product rather than a complete change of names. The SEC must now decide between investor protection, speed of procedures, and the arrival of much more varied crypto products. As for the candidates, they are no longer waiting for Bitcoin or Ethereum: Grayscale has, for example, filed an application to launch a BNB ETF on Nasdaq.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Cardano těsně odvrátilo krizi správy a řízení, když hlasování o obnově Constitutional Committee prošlo oběma požadovanými kvórami. DReps podpořili změnu 71,4 % a SPO 56,3 %.
A Close Call for Cardano GovernanceCardano (@cardano) has narrowly avoided a significant governance disruption after its Constitutional Committee renewal vote passed both required thresholds. DReps backed the update with 71.4% support, clearing the 67% threshold, while Stake Pool Operator (SPO) support reached 56.3%, surpassing the required 51%.
The stakes were high. Four of the committee's seven seats were set to expire at Epoch 653, and Intersect warned that a failed vote would reduce the committee to just three members, below the protocol's minimum size of five. That outcome would have effectively stalled most major on-chain governance actions, including treasury withdrawals, protocol parameter changes, hard fork initiations, and constitutional amendments, until the committee was rebuilt above the minimum threshold.
The renewal action, formally titled "Update Constitutional Committee 2026," was submitted on-chain on July 31 following an independently audited election. The four incoming members were elected through that community process and were ready to take their seats pending the on-chain vote.
Participation Concerns RemainWhile the outcome secured governance continuity, the margin on the SPO side exposed a structural weakness. Non-participating stake created most of the drag on approval, as uncast SPO votes count against ratification under Cardano's governance rules. The SPO threshold was cleared by a slim margin, pointing to a persistent participation gap that the community will need to address in future governance cycles.
The result keeps Cardano's three-pillar governance structure, comprising DReps, SPOs, and the Constitutional Committee, intact and functioning. The new members are set to serve terms running through Epoch 799, the maximum 146-epoch term permitted under the protocol.
Sources:
CryptoSlate: Cardano clears key voting thresholds for constitutional committee renewal
CryptoSlate: Cardano had two weeks to avoid a governance freeze
CryptoRank: Cardano governance freeze risk explained
The world’s most widely used stablecoin just found a new home. USDT0, the infrastructure that brings Tether’s USDT to every network, is now live on the Stellar network, marking a significant milestone for one of the longest-running blockchains built for real-world payments and cross-border finance.
Beyond another asset listing, it’s a structural upgrade to liquidity on Stellar.
Instant access to global USDT liquidityWhether you are making cross-border payments, settling accounts, or powering an app on Stellar, USDT0 gives institutions and individuals the ability to move value onchain with immediate access to billions of dollars of liquidity. Built on LayerZero’s OFT interoperability standard, USDT0 maintains a single unified supply backed 1:1 by USDT. From day one, Stellar participants tap into the same global liquidity pool shared across LayerZero-connected blockchain ecosystems—no isolated pools, no wrapped tokens, no third-party tooling required. See it in action: move USDT0 to and from any supported chain in a few clicks.
Better liquidity, stronger DeFiWith USDT0 now available on Stellar, DeFi protocols can build around an asset with more than $180 billion in market capitalization. USDT0 can be used as collateral, borrowed against, traded, and put to work across yield opportunities. That creates more ways for existing USDT holders to put their capital to work on Stellar, expanding the potential pool of participants and capital to include markets where USDT is already a primary settlement asset. USDT0 on Stellar is available on SushiSwap with more DeFi integrations to come.
Competing where it countsUSDT has a global footprint, and is used widely in emergent, fast-growth markets across Latin America, Africa, and Asia-Pacific—the very regions where Stellar has spent years building payments infrastructure. With USDT0 now on Stellar, users in these regions can now move the stablecoin they already trust on infrastructure purpose-built for it—sub-cent fees, five-second transaction finality, and on/off-ramp coverage across 170+ countries. This combination of asset and network is a natural fit for the way people in emerging markets actually use stablecoins.
Less friction for partners already on StellarFor exchanges, fintechs, enterprises and payment service providers already operating on Stellar, USDT0 extends what they can offer. Adding USDT0 requires minimal lift for anyone already running on Stellar rails—and for partners whose counterparties prefer USDT, it removes the swap costs and operational friction that come with other assets. The result is simpler treasury management, cleaner payment flows, and one less conversion standing between you and your end users. For exchanges, that means offering USDT0 deposits, transfers and withdrawals on rails that settle in seconds for fractions of a cent. For wallets and fintechs, it means giving users in USDT-dominant markets across Latin America, Africa, and Asia a way to send, receive, and hold the asset they already prefer, while enterprises and PSPs can settle with counterparties in USDT0 and manage USDC, EURC, and USDT0 in a single treasury integration on one network.
USDT0 on Stellar is available on:
KrakenFreighterLobstrMeruBitgetFireblocksBiLira KriptoKredeteRamp NetworkSushiSwapExodus (coming online soon)More wallets and exchanges will be available in the coming months.
A signal to the marketUSDT0’s arrival on Stellar sends a clear message to the broader ecosystem. Institutions, fintechs, and developers evaluating which networks to build on now have another compelling reason to choose Stellar: access to the most liquid stablecoin in the world, on a network with a decade of proven reliability in global payments.
The infrastructure is ready. The liquidity is live. The next chapter for Stellar starts now.
LayerZero endpoint je na Stellar spuštěn a prvním aktivem je USDT0. Stellar tak získává přístup ke sdílené globální likviditě USDT napříč propojenými sítěmi.
USDT0, the infrastructure that brings Tether's USDT to every network, is now live on Stellar using the LayerZero OFT standard. The Stellar ecosystem can now tap into the same deep, global liquidity pool shared across LayerZero-connected blockchain ecosystems. To build on Stellar with LayerZero, visit Developers or reach out to the team.
Stellar moves money in seconds, charges less than a tenth of a cent per transaction, and reaches cash-to-crypto ramps across over 180 countries. For more than a decade, the network has powered cross-border payments, aid distribution, and consumer financial services where reliability and cost control matter as much as throughput.
What Stellar hasn't had until now is dollar liquidity that behaves the same way across every network it touches. Moving USDT cross-chain meant custodial bridges, wrapped representations, and fragmented supply.
Now, the LayerZero endpoint is live on Stellar, and USDT0 is the first asset to deploy on it.
USDT0 is Now Live on Stellar Built on the OFT Standard, USDT0 maintains a single unified supply backed 1:1 by USDT. From day one, Stellar participants can now tap into the same deep, global liquidity pool shared across LayerZero-connected blockchain ecosystems. USDT0 has transferred over $100B of value lifetime across LayerZero rails.
Rather than introducing another bridged or wrapped representation, the deployment anchors USDT0 directly within Stellar's asset model while connecting it to the same unified liquidity framework used across other major ecosystems. For Stellar, this is less about adding a new stablecoin and more about upgrading how liquidity behaves.
"Stellar has spent years proving that payments infrastructure can be fast, cheap, and global without sacrificing reliability," said Lorenzo R., Co-Founder of USDT0. "What it hasn't had until now is dollar liquidity that behaves the same way across every network it touches. That's the problem USDT0 solves. Every payment firm, fintech, and treasury operation on Stellar can now draw from the same $190+ billion in USDT liquidity that the rest of the world is already building on, without friction or fragmentation."
"Stellar has been trusted to power cross-border payments for more than a decade," said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. "The addition of USDT0 to the Stellar ecosystem strengthens the network's industry-leading payments stack."
Stellar is Built for Where USDT is Already Used USDT has a deep global footprint, used widely in fast-growing markets across Latin America, Africa, and Asia-Pacific, the very regions where Stellar has spent years building payments infrastructure. With USDT0 now on Stellar, users in these regions can move the stablecoin they already trust on infrastructure purpose-built for it: sub-cent fees, five-second transaction finality, and on/off-ramp coverage across 180+ countries.
The LayerZero OFT standard streamlines onchain experiences for asset issuer developers by eliminating the need for intermediary bridges or wrapped assets, so builders benefit from reduced complexity and operational overhead. Critically, asset issuers using the OFT standard get this benefit while simultaneously maintaining the customization and control they need for robust ongoing operations. The result is simpler treasury management, cleaner payment flows, and one less conversion standing between you and your end users.
For exchanges, that means offering USDT0 deposits, transfers and withdrawals on rails that settle in seconds for fractions of a cent, with no destination-chain liquidity to bootstrap. For wallets and fintechs, it means giving users in USDT-dominant markets across Latin America, Africa, and Asia a way to send, receive, and hold the asset they already prefer, while enterprises and PSPs can settle with counterparties in USDT0 and manage USDC, EURC, and USDT0 in a single treasury integration on one network.
Dollar value can now flow across chains while settling on an execution layer that has been battle-tested in production. Start at Developers or reach out to the team.
About LayerZero LayerZero is where finance and the internet converge. It makes any token or application compatible with every type of blockchain. From protocols to institutional asset issuers, organizations use LayerZero to build, issue, and scale digital assets and products. It connects 170+ blockchains, processes millions of messages per year, and powers billions in value transfer. Trusted by Tether, PayPal USD, Ethena, Ondo, and more, LayerZero is the standard for building on blockchains.
Stellar [XLM] isn’t the party favorite right now, but that might soon change.
DTCC is moving closer to launching its tokenization service, and Stellar is expected to be part of that rollout. Will the development help XLM price?
DTCC puts Stellar back in the spotlight Stellar’s price has slowed down since DTCC first announced in May that its tokenization service would connect with the Stellar public blockchain.
However, there’s more to look forward to now.
DTCC is reportedly preparing to launch the service in October. This is after processing live production transactions with tokenized DTC-custodied assets in July along with dozens of institutions.
Stellar is already part of the roadmap. Tokenized DTC assets are expected to become available on the network in the first half of 2027.
Will there be an immediate rally? One can’t say.
However, there will be much more clarity on how large of a role public networks like Stellar will play. This will give a better picture on the long-term growth trajectory.
XLM price in trouble? The hope from these developments is far away in the future; the XLM price outlook right now looks somewhat grim.
XLM traded at around $0.172 on the 2nd of September. The token pushed above $0.20 in late August, and since then, XLM has been steadily given back parts of that move.
Source: TradingView The 14-day RSI was near neutral, and the MACD has also turned weaker. The MACD line was below the signal line at press time, and the histogram was also negative again.
Derivatives also look fairly weak.
Source: Coinalyze Aggregated open interest fell from about $95 million to $78.6 million over the past week; traders are reducing leveraged exposure.
Funding was still positive at 0.0031, so positioning isn’t outright bearish. However, there isn’t enough confidence among traders.
Final Summary XLM price is weak as it stands, at $0.172. DTCC’s October tokenization launch will put Stellar in focus.
The Wyoming Stable Token Commission has adopted Chainlink Proof of Reserve as its onchain verification infrastructure.
The move expands Wyoming’s use of Chainlink to strengthen reserve transparency for its Frontier Stable Token (FRNT). It comes shortly after the Commission selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive cross-chain infrastructure for the state-issued stable token.
The Commission says the combination would provide a more secure and transparent infrastructure for FRNT.
The move goes beyond the federal transparency framework established by the GENIUS Act, which requires monthly disclosure of stablecoin reserves and outstanding supply backed by independent examination of month-end figures. Wyoming already publishes daily attestations, but says those reports still provide only snapshots and can leave an information gap between reporting periods.
The Network Firm will independently examine FRNT’s reserves and token-supply balances under AICPA standards. Chainlink Proof of Reserve will then deliver verified reserve information onchain in near real time, creating what the Commission described as a stronger assurance model for regulators and market participants.
Wyoming is also adopting Chainlink Proof of Reserve Secure Mint. The system can programmatically prevent new FRNT tokens from being minted unless verified reserves are at least equal to the outstanding token supply. According to the Commission, this could reduce the risk of infinite-mint attacks while giving users cryptographically verifiable evidence that new tokens are backed.
The Commission said the initiative reinforces Wyoming’s position as a leader in public-sector digital assets, with FRNT intended to support digital payments and tokenized financial markets while maintaining high standards for transparency and resilience.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
a16z financuje sérii C pro Félix, WhatsAppovou remitenční platformu, která většinu převodů vypořádává v USDC. Startup už zpracoval přes 8 miliard dolarů a obsluhuje šest milionů lidí na 11 trzích.
Andreessen Horowitz (a16z) said on September 1 that it is leading the Series C equity raise for Félix, the WhatsApp-based remittance platform that settles most of its transfers in USDC. The announcement, published on the a16z crypto blog and authored by partners Ali Yahya and Noah Levine, is the venture firm’s latest bet on stablecoin-powered cross-border payments. Félix is aimed squarely at the U.S.-to-Latin America corridor, where much of the money still moves through costly, cash-heavy networks.
A WhatsApp-First Companion for Cross-Border Payments Félix, founded by Manuel Godoy and Bernardo García, describes itself as an AI financial companion that recreates the comfort of a trusted local banker inside WhatsApp, the dominant messaging app across Latin America. Its conversational AI agent handles onboarding, transaction processing, and customer support, while the company settles most transactions in USDC and converts to local currency through a network of payout partners. Customers never interact with crypto directly, according to the firm.
Eight Billion Dollars Processed and Six Million Users The startup reports it has processed more than $8 billion and now serves six million people across eleven markets, with most new users arriving through word of mouth rather than paid marketing. The founders, who met as MBA students at Wharton and are both immigrants, built the product around a corridor where sending money can still cost about 5% of a transfer, adding up to billions of dollars in annual friction. Around $161 billion was remitted to Latin America and the Caribbean in 2024, roughly 80% of it from the U.S., according to the announcement. Félix is part of a wider push into stablecoin remittances that has drawn payments and compliance firms alike.
Beyond Remittances Into Credit and Savings a16z frames remittances as the first act of a larger opportunity. Félix plans to layer credit and savings products onto its existing relationships, targeting a U.S. Latino population that generates roughly $4 trillion in annual economic output yet remains underserved by traditional finance. Stablecoin rails, the firm argues, make it cheaper and faster to add lending, savings, and yield products than through the legacy banking system, as stablecoin payment rails keep drawing capital. The round’s size was not disclosed in the announcement.
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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.
Major crypto exchange Coinbase has added support for two new wrapped assets: Zcash (ZEC) and Hyperliquid (HYPE).
In a recent post, Coinbase announced that cbHYPE and cbZEC are now live on Base. Zcash and Hyperliquid join the roster of wrapped assets supported on Coinbase, including Bitcoin (cbBTC), Ethereum (cbETH), XRP (cbXRP), Dogecoin (cbDOGE), Cardano (cbADA), Litecoin (cbLTC), and MegaETH (cbMEGA).
According to Coinbase, wrapped assets cbHYPE and cbZEC are ERC-20 tokens backed 1:1 by Hyperliquid (HYPE) and Zcash (ZEC) held in custody by Coinbase.
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Coinbase wrapped assets are fully transferable tokens that represent ownership of the underlying asset. Users can unwrap and redeem a corresponding amount of the underlying asset simply by depositing the wrapped asset into their Coinbase accounts.
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The recent addition of support for Zcash and Hyperliquid expands their utility, as it will allow holders to use their assets on-chain across a range of DeFi apps like every other wrapped asset Coinbase supports, which may allow them to borrow, lend, and put their assets to work in different ways.
Warning issuedAmid the excitement of the launch of Coinbase wrapped assets for Hyperliquid and Zcash, the crypto exchange warns that there may be fraudulent actors pretending to be cbHYPE and cbZEC.
There may be fraudulent actors pretending to be cbHYPE and cbZEC. The Base contract addresses for cbHYPE and cbZEC are:
— Coinbase Markets 🛡️ (@CoinbaseMarkets) September 1, 2026 Because these wrapped assets are only live on the Layer 2 blockchain Base, Coinbase shared the official Base contract addresses for cbHYPE and cbZEC.
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"There may be fraudulent actors pretending to be cbHYPE and cbZEC. The Base contract addresses for cbHYPE and cbZEC are cbHYPE: 0xB200000000000000000000451d033a5000cb479e, cbZEC: 0xB2000000000000000000008501b13360000cb2EC," Coinbase wrote.
The warning remains particularly relevant for newly launched tokens, where users may encounter unofficial contract addresses or accounts claiming to represent the legitimate asset.
Scammers often use impersonation and social engineering to trick users into transferring cryptocurrency or revealing sensitive account information, with the intent of stealing funds; hence, crypto users are urged to be vigilant.
Aave dosáhl 12,5 miliardy USD v aktivních půjčkách a ovládá zhruba 48 % trhu DeFi lendingu. Za poslední měsíc jeho úvěrové portfolio vzrostlo o více než 1,5 miliardy USD.
Aave Captures Nearly Half of a $26 Billion DeFi Lending MarketAave ($AAVE) has hit $12.5 billion in active loans, cementing its position as the dominant force in decentralized lending. The milestone reflects a sharp pickup in borrowing demand across DeFi, with Aave's loan book growing by more than $1.5 billion over the past month alone.
The broader market context makes the figure even more striking. Total active loans across major decentralized lending protocols climbed to $26.1 billion in August, up from $20.1 billion in June, representing roughly 30% growth in two months. Aave accounts for the lion's share of that activity, commanding approximately $12.5 billion in outstanding loans and roughly 48% of total market share.
Deposits have followed a similar trajectory. Aave founder Stani Kulechov noted that total deposits crossed the $30 billion mark in August, representing a 30% increase over the quarter.
What Is Driving the Borrowing SurgeAave is a non-custodial lending protocol where users deposit crypto assets as collateral and borrow against them, with all activity executed through audited smart contracts and no intermediary involved. Most on-chain borrowing is leveraged positioning: traders deposit ETH or other volatile assets as collateral, borrow stablecoins, and use those stablecoins to buy more crypto.
The renewed demand is also translating into protocol revenue. Aave collects a spread between borrowing and lending rates, and that spread multiplied by a $12.5 billion loan book generates meaningful cash flow.
Aave's nearest competitor, Morpho, sits well behind at $5.1 billion in active loans, while Spark rounds out the top three at $2.1 billion. The gap is telling: Aave holds more than double Morpho's loan book, and nearly six times Spark's. The rebound is also significant from a historical perspective. DeFi lending had been contracting for several months before this summer's turnaround, with borrowers pulling back, utilization rates declining, and protocol revenues shrinking accordingly. The latest numbers suggest that cycle has clearly reversed.
Sources:
Aave accounts for 48% of active loans as DeFi lending surges 30% to $26.1B — Crypto Briefing
Aave V3 TVL, Fees and Revenue — DefiLlama
THORChain spustil veřejný dashboard s přehledem výnosů, objemu obchodů i stakingových dat. V červenci 2026 po obnovení obchodování vytvořil 950 tis. USD na poplatcích a zobchodoval asi 797 mil. USD.
THORChain now has a public-facing dashboard that puts its revenue, trading volume, staking data, and network distribution metrics on full display. The move is part of a broader transparency push that includes a collaboration with DeFiLlama and independent analytics from data analyst Raynalytics.
The numbers behind the comeback In July 2026, its first full month after restarting trading, the protocol generated $950K in fees, placing it 12th among all decentralized exchanges. Trading volumes during that same month hit approximately $797M.
As of mid-August 2026, THORChain’s cumulative fees have reached $173M, while total swap volume has crossed $124B.
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The protocol’s core value proposition has always been enabling native asset swaps without wrapped tokens or bridges. You send real BTC and receive real ETH, with liquidity providers and node operators earning fees from every transaction.
DeFiLlama enters the picture THORChain began collaborating with DeFiLlama back in April 2026, working on data integration and dashboard improvements. That collaboration culminated in DeFiLlama launching its own THORChain Ecosystem Dashboard in August 2026, covering key financial metrics and analytics.
Part of the joint effort has also been directed toward building an institutional investment dashboard, giving compliance teams access to clean data and verifiable metrics.
Context: why transparency matters now Earlier in 2026, the protocol suspended trading after a security exploit forced the team to pause operations. The $950K in July fees and $797M in trading volume suggest the rebuilding is working, with liquidity providers returning and fee distribution flowing to node operators and liquidity providers.
What this means for the broader DEX landscape Unlike Uniswap or Curve, which operate within single ecosystems, THORChain facilitates swaps across entirely separate blockchains, enabling users to move between Bitcoin and Ethereum without relying on centralized exchanges or wrapped assets. Landing at 12th among DEXs by fees in its first month back demonstrates that demand for native cross-chain swaps persisted despite the trading pause.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sui DeFi protokol Full Sail se stahuje z provozu po bezpečnostním incidentu se Switchboardem, při němž útočník odčerpal zhruba 91 000 USD ze tří vaultů. Nové vklady jsou okamžitě vypnuté a uživatelé mají být odškodněni ze zbývající protokolové likvidity, přičemž případný schodek dorovná tým.
Sui DeFi protocol Full Sail to wind down after Switchboard incidentLatest NewsPublishedSep 2, 2026
Full Sail is shutting down after an attacker removed about $91,000 from three vaults during a security incident linked to oracle provider Switchboard.
Full Sail, a decentralized finance (DeFi) protocol on the Sui blockchain, plans to shut down after a security incident involving oracle provider Switchboard resulted in user losses.
Full Sail took to X on Tuesday to announce that the protocol is winding down, immediately disabling new deposits and liquidity provider (LP) reward claims. Regular pools will move to withdrawal-only mode after final security checks, with compensating users the protocol’s top priority, Full Sail said.
The decision follows a security incident last week that affected Full Sail’s automated vaults following a suspected compromise of Switchboard’s oracle infrastructure.
Full Sail first disclosed the incident on Saturday, saying it had confirmed a loss of funds and paused deposits and withdrawals while it investigated. Switchboard said in an X post on Saturday that it was investigating a potential compromise of its Move-based implementations and had halted its network on Aptos, Sui, IOTA and Movement.
Full Sail later said an attacker removed about $91,000 from three of its vaults. Virtue, a stablecoin lending protocol based on IOTA (IOTA), separately reported about $455,000 in losses and said the backing of its VUSD stablecoin had been impaired.
Full Sail said it will use its remaining protocol-owned liquidity to compensate users, while the team will cover any shortfall so community depositors are repaid first. The protocol expects to publish withdrawal and claim instructions within the coming days.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Hyperliquid Strategies zvýšila svůj kapitálový rámec s Chardan Capital Markets z 1 miliardy USD na 2,5 miliardy USD. Firma tak získává větší kapacitu pro financování své treasury strategie zaměřené na HYPE.
HYPE treasury company Hyperliquid Strategies increased its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion, giving the company additional capacity to raise capital through share sales.
In a Tuesday filing with the US Securities and Exchange Commission, Hyperliquid Strategies said it amended its October 2025 Chardan Equity Facility purchase agreement to increase the aggregate gross purchase price of newly issued common shares.
The agreement allows Hyperliquid Strategies to periodically direct Chardan, a New York-based investment bank and broker-dealer, to purchase shares subject to pricing, trading volume, and other conditions. Chardan can subsequently resell the shares in the public market.
The increased facility gives the company more potential funding for its HYPE-focused treasury strategy, but drawing on it would issue additional shares and could dilute existing shareholders. The $2.5 billion represents the maximum capacity rather than funds already raised.
Hyperliquid Strategies previously reported raising $647 million through the facility and expanding its treasury to about 29.3 million HYPE tokens.
The expansion follows renewed market interest in Hyperliquid. HYPE jumped more than 20% in August after US President Donald Trump said Commodity Futures Trading Commission Chair Michael Selig was working to bring the decentralized trading platform into the US “in a fully compliant and legal fashion.”
Hyperliquid Strategies shares rose 30.4% following Trump’s remarks. Despite sharing the protocol’s name and holding its native token, the company says it is independent and not affiliated with Hyperliquid.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
TradeXYZ recorded $202.36 billion in trading volume during the second quarter of 2026, an increase of 79.2% from the previous quarter, according to a Sept. 1 report from the Hyperliquid Research Collective.
Summary
TradeXYZ’s quarterly trading volume rose 79.2% to $202.36 billion, according to the independent research report. Equity perpetual volume increased 377% quarter-on-quarter, reaching $58.9 billion across 55 markets during Q2 2026. TradeXYZ’s HIP-3 volume share increased from 84.5% to 95.1% during the second quarter of 2026. Quarter-end open interest reached $2.96 billion, representing a 64.6% increase from the previous quarter’s level. Felix, Ventuals and Dreamcash stopped operating between June 19 and July 2, reducing HIP-3 competition. The platform’s estimated share of trading across Hyperliquid’s HIP-3 markets rose from 84.5% to 95.1% during the quarter. Its fastest-growing segment was equity perpetuals, where volume increased 377% quarter-on-quarter to $58.9 billion across 55 markets.
The figures come from an external research report prepared by GLC Research, Four Pillars, Arrakis and GRZ Research. They should not be treated as audited financial results or figures confirmed through a TradeXYZ regulatory filing.
2026 Trade[XYZ] Q2 Report
Today, we're excited to release Trade[XYZ]'s 2026 Q2 Report.
While three of its HIP-3 rivals, Felix, Ventuals, and Dreamcash, shut down entirely this quarter, Trade[XYZ] pulled further ahead. Its share of HIP-3 volume climbed from 84.5% to 95.1%.… pic.twitter.com/F2irNgYE2r
— Hyperliquid Research Collective (HRC) (@HyperliquidR) September 1, 2026 The report also calculated $7.59 million in quarterly revenue, up 32.9%, while open interest reached $2.96 billion at the end of June. Open interest increased 64.6% from the previous quarter.
TradeXYZ captures 95.1% of HIP-3 trading volume TradeXYZ’s quarterly volume rose by approximately $89.43 billion from the estimated Q1 level of $112.93 billion. Growth in trading activity outpaced revenue, which increased by 32.9% over the same period.
That difference can reflect changes in product mix, fee rates, trader tiers and the proportion of volume generated by markets with lower effective fees. The report did not provide enough audited information to identify a single cause.
TradeXYZ’s HIP-3 market share increased by 10.6 percentage points during Q2. The research group estimated that its share had reached approximately 99.5% on a trailing 30-day basis by the time the report was prepared.
HIP-3 allows third parties to deploy perpetual futures markets on Hyperliquid while using the network’s trading infrastructure. Deployers can choose market parameters and list assets that are not available through Hyperliquid’s original validator-operated markets.
Hyperliquid’s current fee documentation says HIP-3 deployers may retain up to 50% of the trading fees generated by their markets. That creates a direct revenue model for platforms that can attract traders and maintain liquid order books.
The structure also separates TradeXYZ from a conventional centralized exchange. Users trade through Hyperliquid’s on-chain infrastructure, while TradeXYZ acts as the deployer responsible for its market selection and related parameters.
Equity perpetuals drive the fastest growth Equity perpetual volume reached $58.9 billion during Q2, representing about 29.1% of TradeXYZ’s total reported volume. The segment covered 55 equity-linked markets by the end of the quarter.
A perpetual contract gives traders price exposure to an underlying asset without a fixed expiration date. Equity perpetuals can therefore track the market value of a company’s shares while trading outside the normal operating hours of traditional stock exchanges.
These contracts do not necessarily provide the same rights as owning the underlying shares. Perpetual holders generally do not receive voting rights, legal ownership or direct claims on company assets. Funding payments and liquidation rules also create risks that do not apply to ordinary unleveraged share ownership.
TradeXYZ introduced its pre-IPO perpetual product, known as IPOP, on May 1. The first market tracked Cerebras, followed by contracts linked to SpaceX and Quantinuum, according to the report.
The research group said those contracts continued through the companies’ public listings and then converted into standard equity perpetuals. It also claimed that the pre-IPO markets provided prices close to the companies’ opening public trades.
Those conclusions come from the report’s analysis. TradeXYZ has not filed audited evidence showing that pre-IPO perpetual prices consistently predict opening prices, and three completed examples would not establish long-term reliability.
The growth forms part of a wider convergence between cryptocurrency infrastructure and equity markets. For example, Wintermute registered as a U.S. broker-dealer while preparing to expand into equities and tokenized securities, as covered in the report on its regulated U.S. securities entry.
Rival closures increase market concentration TradeXYZ’s rising share also reflects the departure of competing HIP-3 deployers. Felix, Ventuals and Dreamcash stopped operating between June 19 and July 2, according to the research report.
Their closures removed alternative venues during and shortly after the quarter. This means TradeXYZ’s 95.1% share resulted from both its own volume growth and reduced competition.
The report did not provide detailed reasons for each closure. It also did not disclose whether customers experienced losses, whether open positions were transferred or how much volume each departing platform handled before stopping operations.
A market share approaching 100% gives TradeXYZ a strong position among HIP-3 deployers, but it also concentrates activity and operational dependence in one platform. Future market share could change if new deployers enter, existing teams relaunch or Hyperliquid modifies the HIP-3 framework.
The concentration is specific to HIP-3 markets and should not be confused with TradeXYZ controlling all Hyperliquid trading. Hyperliquid also hosts its original perpetual markets, spot assets and other infrastructure outside TradeXYZ’s deployed products.
CFTC action does not directly approve TradeXYZ The report described the U.S. Commodity Futures Trading Commission’s May action on perpetual futures as regulatory validation for the broader product category.
On May 29, the CFTC issued a policy statement explaining its position on listing perpetual contracts. The agency released the statement alongside an order allowing a designated contract market to list a bitcoin-linked perpetual futures contract.
That action covered a U.S.-regulated contract offered by a registered market operator. It did not approve TradeXYZ, Hyperliquid’s offshore markets or TradeXYZ’s equity perpetual products.
TradeXYZ users should therefore not interpret the CFTC decision as granting U.S. regulatory authorization to the platform. The legal treatment of equity-linked perpetuals can involve derivatives and securities rules that differ from those governing a bitcoin contract.
Regulators in other jurisdictions have followed separate approaches. One Trading received a Dutch license to offer regulated perpetual futures in the European Union, according to coverage of its European derivatives authorization.
The comparison shows that regulatory approval normally applies to a specific operator, legal entity and product structure. Broader acceptance of perpetual futures does not automatically authorize every on-chain market using a similar contract design.
Q3 data will test whether TradeXYZ retains its lead The next relevant update will be TradeXYZ’s third-quarter volume, revenue and open-interest data. Those figures should show whether Q2 growth continued after three competing HIP-3 deployers closed.
Equity perpetual activity will be another key measure. The segment must maintain liquidity across its expanded list of markets for the 377% quarterly increase to represent more than a short-term surge around major listings.
Future pre-IPO conversions will also provide more evidence about how TradeXYZ handles corporate listings, reference prices and contract transitions. The report did not announce a fixed schedule for additional IPOP markets.
TradeXYZ’s U.S. availability remains a separate regulatory question. Neither the research report nor the CFTC statement announced approval for the platform to offer equity perpetuals directly to U.S. customers.
Multicoin Capital během 12 hodin vložil 261 555 HYPE v hodnotě asi 21,7 milionu USD na Coinbase Prime, což zvyšuje obavy z možné nabídky k prodeji. HYPE se po růstu zhruba z 57 USD v druhé polovině srpna obchoduje kolem 82,93 USD.
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.
Since Multicoin Capital transferred a significant amount of HYPE to Coinbase Prime while the asset is trading near its recent highs, Hyperliquid is facing a potentially significant supply event. Over the course of the last 12 hours, Multicoin Capital deposited a total of 261,555 HYPE, or roughly $21.7 million, to Coinbase Prime, according to on-chain data provided.
Hyperliquid breaks the ceilingThe transfers took place in three batches: 63,235 HYPE, 101,144 HYPE, and 97,176 HYPE. The transactions stand out in particular because of the timing. After an incredible surge from roughly $57 in the second half of August, HYPE is currently trading at $82.93. The token entered consolidation after recently reaching the $86–$87 range.
HYPE/USDT Chart by TradingViewThe likelihood that coins are being prepared for sale usually increases with large transfers to an exchange-related address. A Coinbase Prime deposit should not be taken as an executed market sale, though. Additionally, prime infrastructure can support OTC, settlement, and institutional custody.
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Sell-side liquidity surgesTherefore, rather than being evidence that Multicoin has dumped $21.7 million worth of HYPE, the transfers indicate increased potential sell-side liquidity. Institutional pressure on HYPE is close to its peak. The movement is worthwhile to watch because of its technical structure. As buyers run into resistance, HYPE has repeatedly produced upper wicks, having failed to sustain its rally past approximately $84–$87.
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A clean breakout may be more challenging if there is more institutional supply around these levels. However, there is not yet much indication of a significant technical breakdown. HYPE is still well above its primary moving averages.
The following averages stay around $64.01 and $62.86, while the shortest major average on the chart is located around $73.48. This leaves a significant gap between structural support and spot price.
Additionally, momentum has cooled without crumbling. After previously entering overbought territory, the RSI has dropped toward 66, indicating that the rally is losing some excess while still remaining comparatively strong. The level to watch right now is approximately $80. Losing it might accelerate profit-taking and reveal the $76–$73 area.
On the other hand, absorbing the Multicoin-related supply while holding $80 would demonstrate significant underlying demand. The $21.7 million Coinbase Prime deposit presents a valid sell-risk signal for the time being, but HYPE's price structure has not yet confirmed that institutional distribution is outpacing buyers.
Capital B získala od Adama Backa 7,64 milionu EUR v rámci soukromé emise, která může financovat nákup dalších 376 Bitcoinů. Tím by se její rezerva mohla zvýšit na 3 521 BTC.
Capital B has raised €7.6 million from strategic investor Adam Back through a new private placement that could fund the purchase of 376 more Bitcoin and take its holdings to 3,521 BTC.
Summary
Capital B raised €7.6 million from Adam Back through a private placement of 13.18 million shares with warrants attached. The company said the proceeds and ongoing operations could fund another 376 BTC, potentially taking its holdings to 3,521 BTC. Full exercise of the warrants issued in the transaction could provide Capital B with another €49.4 million in capital. Back’s stake is expected to rise to 17.77% after the new shares are issued, before accounting for potential warrant exercises. Capital B said on Sept. 2 that Back subscribed to 13,181,030 shares carrying four warrants each at €0.58 per unit, generating gross proceeds of €7.64 million. The subscription price represented a 15.4% premium to the company’s Sept. 1 closing share price.
Net proceeds are expected to reach approximately €7.3 million after fees and transaction expenses. Capital B plans to use the funds primarily to add Bitcoin to its balance sheet as a long-term reserve asset, continuing a strategy focused on increasing BTC held per fully diluted share.
The financing follows another private placement announced days earlier under the same €0.58 subscription terms.
Capital B could add 376 Bitcoin after Adam Back investment Proceeds from the new placement, combined with Capital B’s ongoing operations, could support the purchase of 376 BTC. Completing the acquisition would increase the company’s potential holdings to 3,521 BTC.
Capital B currently holds 3,145 BTC after buying another five Bitcoin for €280,000 in August. Crypto.news previously reported the five Bitcoin purchase, which took its strategic reserve from 3,140 BTC to 3,145 BTC.
The five coins were acquired at an average price of €55,882 each. Capital B reported an aggregate acquisition cost of €284.2 million for its strategic Bitcoin reserve after the transaction.
The Sept. 2 financing consists of shares with attached subscription warrants, known as ABSA. Each of the 13.18 million shares carries four warrants divided across three tranches.
Two Warrants 2026-06 attached to each share have an exercise price of €0.75. One Warrant 2026-07 can be exercised at €0.98, while one Warrant 2026-08 carries a €1.27 exercise price. All three classes have five-year maturities.
Capital B can open an accelerated exercise period for a tranche if the 20-day volume-weighted average price of its shares exceeds 130% of the corresponding exercise price for 20 consecutive trading days. Unexercised warrants would become void at the end of an accelerated exercise period.
Full warrant exercise could provide another €49.4 million If Back exercises every warrant issued through the transaction, Capital B would receive another €49.43 million.
The 26.36 million Warrants 2026-06 could generate €19.77 million. Another €12.92 million could come from the 13.18 million Warrants 2026-07, while exercise of the same number of Warrants 2026-08 would provide €16.74 million.
Those proceeds remain conditional on future warrant exercises and are separate from the €7.6 million secured through the share placement.
The structure follows Capital B’s €21 million private placement announced on Aug. 28. That financing involved 36.2 million shares carrying four warrants each and was subscribed by institutional investors including Back and French asset manager TOBAM.
Investors paid the same €0.58 per unit, while net proceeds were estimated at €19.9 million. Capital B said the financing and its operating resources could fund 270 BTC, potentially increasing its holdings from 3,145 BTC to 3,415 BTC.
Full exercise of the 144.88 million warrants attached to that placement could generate another €135.8 million. The potential proceeds were separate from the confirmed €21 million financing and depended on investors exercising the warrants.
Capital B used a similar funding structure in May when it completed a €15.2 million private placement involving Back, TOBAM and other institutional investors. The company issued more than 23 million shares with four warrants attached to each at €0.66 per unit.
Capital B later deployed part of the capital raised during that period into a 192 BTC acquisition worth €13 million. The purchase increased its holdings to 3,135 BTC at the time.
Adam Back’s Capital B stake is set to rise Back already held 54.3 million Capital B shares before the latest transaction, representing 14.82% of ordinary share capital and 12.31% on a diluted basis.
Once the new shares are issued, his position will increase to approximately 67.49 million shares. His ordinary ownership will rise to 17.77%, while his diluted stake will reach 14.76%.
Full exercise of the warrants from the Sept. 2 placement would increase Back’s position to 120.21 million shares, equivalent to 27.80% of Capital B on an ordinary basis and 23.36% on a diluted basis.
Blockstream Capital Partners would hold 18.91% after the initial share issuance, while public and institutional investors would account for 53.43%. Executives would hold 5.59%, followed by TOBAM at 3.18% and UTXO Management at 1.12%.
Capital B shareholders approved substantial financing authority in June, including up to €5 billion in capital increases and €100 billion in credit instruments. The resolutions received more than 95% support from votes cast and formed part of the company’s financing framework for its Bitcoin treasury strategy.
Capital B reverse stock split takes effect Sept. 8 Closing of Back’s latest private placement is expected from Sept. 3, although Capital B said technical requirements could delay completion by several days. The shares issued through the transaction will carry the same rights as its existing ordinary shares.
The new shares will be admitted to trading on Euronext Growth Paris after closing. Warrants attached to the shares will not be separately listed, while ordinary shares created through future warrant exercises will be admitted to trading as they are issued.
Capital B is separately preparing a 10-for-1 reverse stock split scheduled for Sept. 8. Ten existing shares will be consolidated into one new share when the process takes effect.
Following the consolidation, each warrant from the latest placement will entitle its holder to one-tenth of a new Capital B share. The adjusted exercise prices will be €7.50 for Warrants 2026-06, €9.80 for Warrants 2026-07 and €12.70 for Warrants 2026-08.
CEO Twenty One Capital Raphael Zagury řekl, že Bitcoin prochází prvním „hashrate bear market“, protože výpočetní výkon sítě je asi 22 % až 24 % pod vrcholem z konce roku 2025. Těžaři zároveň přesouvají kapitál do AI.
Twenty One Capital CEO Raphael Zagury said Bitcoin is experiencing its first “hashrate bear market” as network computing power remains below its late 2025 record and listed mining companies redirect infrastructure investment toward artificial intelligence.
Summary
Raphael Zagury called Bitcoin’s prolonged computing power decline its first ever hashrate bear market publicly. Bitcoin hashrate fell roughly 22% to 24% from its late 2025 peak, presentation materials showed. Zagury said artificial intelligence creates a competing use for miners’ power capacity and infrastructure today worldwide. Public miners increasingly pursue AI computing, though several companies continue operating substantial Bitcoin mining fleets. Lower network hashrate can increase surviving miners’ revenue share after Bitcoin adjusts mining difficulty downward. Zagury presented the argument at Bitcoin Asia in Hong Kong on Aug. 28. Twenty One Capital subsequently filed the prepared transcript with the U.S. Securities and Exchange Commission.
Bitcoin hashrate approached 1.3 zettahashes per second late last year before entering a prolonged decline, Zagury said. His presentation materials calculated a drawdown of approximately 22% to 24% from the peak.
“Hashrate bear market” is Zagury’s description of the current cycle rather than an official Bitcoin network classification. It refers to the unusually long period during which estimated computing power has failed to return to its previous record.
Bitcoin hashrate decline differs from the 2021 shock Bitcoin’s hashrate measures the estimated computing power miners contribute to securing the network and competing for block rewards. A higher figure generally means more machines or more efficient equipment is operating.
Twenty One Capital CEO: Bitcoin Is Experiencing Its First-Ever Hashrate Bear Market; Nearly All Miners Are Moving From Bitcoin Mining to AI
Tether-backed Bitcoin treasury company Twenty One Capital CEO Rapha Zagury said at Bitcoin Asia 2026 that Bitcoin is experiencing its… pic.twitter.com/cw8WiyROll
— Wu Blockchain (@WuBlockchain) September 2, 2026 Zagury contrasted the current decline with the disruption caused by China’s 2021 mining ban. Hashrate fell rapidly during that episode as companies shut down Chinese facilities, but recovered as machines moved to North America, Central Asia and other regions.
The present cycle has developed more gradually. Rather than relocating the same machines, operators are reconsidering whether new electricity and data center capacity should be allocated to Bitcoin mining at all.
“This has been the longest period that we’ve seen from an all-time high until recovery,” Zagury said.
Network estimates vary because Bitcoin does not publish an exact count of active machines. Analysts infer hashrate from block production rates and mining difficulty, which means daily readings can fluctuate sharply.
CoinWarz estimated hashrate at about 829 exahashes per second on Sept. 2, after readings moved above one zettahash during several days in late August. Longer moving averages provide a clearer measure than daily estimates.
Previous analysis found that Bitcoin mining difficulty had fallen 19.9% from its November peak by late July. Hashrate had remained in a downward trend for approximately 287 days, according to Bitcoin Magazine Pro data cited in that report.
AI gives miners another use for scarce power Bitcoin miners and AI data centers compete for several of the same resources. Both require large power connections, cooling systems, land, data center buildings and access to capital.
AI facilities require different chips, networking equipment and construction standards from Bitcoin mines. Converting a mining site is therefore more complicated than replacing ASIC machines with graphics processors. Sites with secured power and fiber access can nevertheless provide a starting point for high performance computing development.
Zagury said this option changes the hashrate cycle because miners can now direct capital toward another computing market instead of automatically expanding their Bitcoin fleets.
“If you look at the public mining companies out there, there really isn’t anybody staying the course to mine Bitcoin at scale,” he said. “Pretty much everybody is leaving the industry right now.”
The statement describes a broad trend but should not be read literally. MARA, CleanSpark, Riot, Bitdeer and other publicly traded companies continue operating large Bitcoin mining fleets, even as some explore or build AI infrastructure.
The shift is most advanced at companies such as TeraWulf, IREN, Core Scientific, HIVE and Cipher. TeraWulf reported $21 million in AI and high performance computing hosting revenue during the first quarter, exceeding its Bitcoin mining revenue for the first time as its AI business became its largest revenue source.
Cipher has also obtained a $200 million revolving credit facility to finance its expansion into long-term AI data center contracts.
Low cost miners could gain network share Zagury rejected the idea that Bitcoin mining is inherently a poor business. He argued that profitability depends on where an operator sits on the industry’s cost curve.
A miner with efficient equipment and low electricity costs can remain profitable under conditions that force a higher-cost competitor to shut down. Capital structure also matters because heavy debt and short repayment schedules can create pressure even when a facility remains operationally competitive.
Hash price, which measures expected miner revenue for a unit of computing power, remains low compared with historical levels. That puts pressure on operators using older machines or expensive electricity.
However, declining network hashrate can benefit miners that remain active. Bitcoin adjusts mining difficulty every 2,016 blocks, or approximately every two weeks, to keep average block production close to ten minutes.
When computing power leaves the network, a downward difficulty adjustment can make it easier for remaining miners to find blocks. Each surviving operator can then control a larger share of the network without adding machines.
“The beautiful thing about Bitcoin mining being in a bear market of hashrate is that, for those that stay around, they naturally get a higher share of the market,” Zagury said.
That benefit does not guarantee higher profits. Revenue still depends on Bitcoin’s price, transaction fees, electricity costs, equipment efficiency and the amount of competing hashrate.
Bitcoin price must outpace hashrate growth Zagury said mining has the best chance of outperforming Bitcoin when the asset’s price increases faster than network hashrate.
If Bitcoin rises by 50% while hashrate remains flat, a miner’s revenue can increase without an equivalent rise in competition. If computing power grows faster than Bitcoin’s price, each operator’s network share and revenue per machine can decline.
Zagury recommended buying Bitcoin directly before investing in mining for someone allocating only a small amount of capital. He said investors considering larger, diversified allocations could combine Bitcoin with mining exposure.
“If you only have $1, buy Bitcoin first,” Zagury said. “I think that’s the best way to express your view.”
His position reflects Twenty One Capital’s stated approach of measuring potential investments against Bitcoin. The Tether-backed company treats the cryptocurrency as its main benchmark and argues that an operating business must justify its additional risks by offering a credible path to outperforming BTC.
Mining companies face construction, electricity, equipment, management and financing risks that do not arise from holding a spot Bitcoin exchange-traded fund. They can also offer operating leverage when Bitcoin rises faster than their costs and network competition.
Energy flexibility remains mining’s main advantage Zagury also defended Bitcoin mining against criticism that it wastes electricity. He argued that energy use supports economic development and that mining offers a flexible source of demand.
ASIC machines can shut down and restart faster than heavy industrial facilities. Miners can therefore reduce consumption when electricity demand rises and resume operations when unused capacity becomes available.
The ability to curtail operations has led miners to participate in grid stabilization programs, particularly in energy markets with variable renewable generation. Financial and environmental results depend on the underlying power source and the terms of each arrangement.
AI data centers generally require steadier power than Bitcoin mines because customer workloads cannot be interrupted as easily. Bitcoin mining may therefore retain a role at sites where electricity is abundant but unreliable or cannot be transmitted economically.
Zagury said mining now provides four forms of optionality: flexible energy demand, increased network share when competitors leave, proximity to Bitcoin’s protocol and reusable data center infrastructure.
Whether miners capture those benefits will become clearer through upcoming difficulty adjustments and public company results. Filings will show how much capital miners direct toward new ASIC equipment compared with AI construction.
The sector’s direction is unlikely to be uniform. Some operators will retain Bitcoin mining, others will combine mining with AI hosting, and companies controlling the most attractive power sites may shift more aggressively toward high performance computing.
XRP klesl na 1,3265 USD, nejníže od srpnového vrcholu, i když spotové ETF 1. září přilákaly čistý příliv 14,38 milionu USD. Klíčová podpora je na 1,32 USD.
2 September 2026 | 09:34 XRP attracted fresh ETF demand while sliding toward the base of its August correction, leaving $1.32 to determine whether the broader recovery remains intact for now.
Key Takeaways XRP ETFs drew $14.38 million September 1. Ripple returned 700 million XRP to escrow. XRP set a post-peak low near $1.32. The descending channel remains intact for now. ETF buyers arrived, but price did not follow US spot XRP ETFs recorded $14.38 million in net inflows on September 1, according to SoSoValue. Franklin’s XRPZ led the session with $6.63 million, followed by $4.72 million for Grayscale’s GXRP.
Cumulative net inflows reached approximately $1.68 billion, while the products’ combined net assets stood at $1.44 billion after the session. The regulated funds therefore continued attracting capital during XRP’s correction.
XRP did not rise alongside the reported inflows, showing that ETF demand had not yet translated into a broader price recovery. The token had gained nearly 70% during its August advance, giving recent buyers a substantial profit cushion and creating one plausible source of selling.
XRP was not declining in isolation. Its pullback extended a wider crypto-market retreat that began on September 1 as higher Treasury yields and renewed concerns about the yen weighed on risk assets. Coindoo’s report on the two macro risks facing the crypto market explains why several large cryptocurrencies moved lower together. That wider pressure makes it difficult to attribute XRP’s decline to events like Ripple’s escrow activity alone.
Ripple’s 1 billion XRP unlock was not a sell order Ripple’s scheduled September escrow release consisted of three transactions containing 500 million, 400 million and 100 million XRP. Later that day, a report citing XRPL transaction data showed the company creating new escrows for 500 million and 200 million tokens, returning 700 million XRP to time-locked accounts.
The sequence left 300 million XRP outside the newly created escrows. That amount became available to Ripple, but no cited transaction shows the entire balance moving to an exchange or entering public-market circulation.
Ripple’s explanation of the escrow system describes the monthly 1 billion XRP release as an upper limit on possible new supply rather than the amount automatically entering circulation. Tokens that remain unused can be placed into new escrows with later release dates.
The $14.38 million ETF inflow also cannot be measured directly against the roughly $405 million nominal value of the 300 million XRP remaining outside escrow at a price of $1.35. The ETF figure represents capital that entered the funds during one trading day. The larger number represents company-controlled inventory that has not been shown entering the public market.
XRP returns to the base of its August range XRP has worked its way lower inside a daily descending channel since its August rally failed near $1.70. Selling volume has remained well below the levels recorded during the advance, so the pullback still lacks the force of a high-volume breakdown.
XRP/USD daily chart showing the descending channel, Fibonacci levels and moving averages. Source: TradingView, Coinbase. The failed breakout discussed in our August 29 analysis has since developed into a steady sequence of lower highs. XRP fell to $1.3265 on September 2 before recovering toward $1.35, marking its lowest price since the August peak. The wick stopped above the channel’s lower trendline, leaving the wider pattern intact.
A daily close below $1.32 would break the base of the measured Fibonacci range and expose the 200-day simple moving average near $1.27. That would deepen the correction, although XRP would remain technically inside its wider descending channel until price also closed beneath the lower trendline.
Buyers face the channel’s upper boundary in the mid-$1.30s. Moving above it would weaken the recent sequence of lower highs, while $1.40-$1.41 provides the first horizontal resistance. A later recovery through $1.47 would return XRP to the middle of its August range.
What would confirm the ETF signal ETF inflows would carry more weight if XRP escaped the channel and recovered $1.41 with stronger trading volume. That combination would show that regulated fund demand was being reinforced by buyers across the wider market, rather than merely offsetting part of the existing selling pressure.
If inflows continued while XRP closed below $1.32, the opposite conclusion would apply: ETF demand would remain too small to stabilize the broader market.
Price still has to confirm the demand September’s data do not support blaming Ripple’s escrow release alone for XRP’s decline. Most of the unlocked tokens returned to escrow, ETFs continued attracting capital and the wider crypto market also moved lower.
Those factors weaken a simple supply-driven explanation, but they do not establish that the correction has ended. Until XRP breaks its descending channel, positive ETF flows remain supporting evidence rather than confirmation of a recovery.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Dva thajští podnikatelé podali v New Yorku žalobu na Tether kvůli zmrazení zhruba 42 417 785,62 USDT bez soudního příkazu. Tvrdí, že firma jednala pouze na základě neformální žádosti HSI.
Two Thai businessmen sued Tether on Aug. 31 in the U.S. District Court for the Southern District of New York, challenging the issuer’s authority to freeze approximately 42.4 million USDT before authorities secured a seizure warrant.
Summary
Tether faces a New York lawsuit over 42.4 million USDT frozen after an HSI request. Plaintiffs allege no warrant or court order existed when Tether blacklisted their ten Ethereum addresses. A February seizure warrant directed Tether to burn USDT and reissue tokens into government custody. Prosecutors separately said over 61 million USDT was traced to wallets linked with investment fraud. Plaintiffs seek declaratory relief, an injunction, damages, reserve income disgorgement, and punitive damages from Tether. Nutthawat Rukthammachalern and Natthawat Kasamvilas allege in their complaint that Tether blacklisted ten Ethereum addresses containing precisely 42,417,785.62 USDT on Oct. 30, 2025. The allegations have not been adjudicated, and Tether had not filed a public response as of Sept. 2.
UPDATE – It appears that the $42.4M Tether freeze in this suit stems from a North Carolina pig-butchering case.
HSI Raleigh opened it from a victim tip: romance/investment fraud, fake trading platform, then layering through wallets so the stolen USDT would look clean.
On… https://t.co/W4bLfkIYRv
— Ariel Givner (@GivnerAriel) September 1, 2026 Tether allegedly acted before obtaining legal process The plaintiffs claim Tether acted after receiving an informal request from a Homeland Security Investigations agent. They contend no warrant, court order, subpoena or other formal legal process authorized the initial freeze.
Kasamvilas discovered the restriction after attempting a transaction, according to the filing. When he contacted Tether, the company allegedly referred him to an HSI agent’s email address without explaining its legal basis for blocking the funds.
The complaint says Tether used the addBlackList function within its Ethereum smart contract. This prevents tokens at designated addresses from moving. Another function, destroyBlackFunds, allows Tether to burn blacklisted USDT.
The plaintiffs say they acquired the tokens through secondary-market business transactions and had no direct customer relationship with Tether. They argue that possessing technical control over the smart contract does not automatically give Tether legal authority over tokens held by third parties.
A later warrant targeted tokens linked to alleged fraud On Feb. 19, 2026, a magistrate judge in the Eastern District of North Carolina issued seizure warrant 5:26-MJ-1267-JG. According to the New York complaint, the warrant described a process under which Tether would burn USDT at the identified addresses, mint an equivalent amount and transfer the replacement tokens to a government-controlled wallet.
Five days later, federal prosecutors announced the seizure of more than $61 million in USDT. Investigators alleged that the targeted wallets received proceeds from cryptocurrency investment scams commonly called pig-butchering schemes.
HSI reportedly opened the investigation after receiving a victim’s tip. Investigators traced funds through multiple wallets that authorities said were used to obscure the money’s source, ownership and connection to fake trading platforms.
The Justice Department thanked Tether for assisting with the asset transfer. Tether separately confirmed its involvement in the broader $61 million operation.
However, the new complaint says the plaintiffs’ specific 42.4 million USDT remained frozen when the case was filed. It seeks to prevent Tether from burning those tokens. The available records therefore do not establish that the disputed tokens had already been transferred to the government wallet.
Tether lawsuit tests stablecoin issuers’ freezing powers The plaintiffs do not merely challenge the government’s tracing allegations. Their case focuses on whether a private stablecoin issuer may restrict secondary-market tokens after an informal law-enforcement request and before receiving judicial authorization.
They also argue the February warrant could not retroactively validate Tether’s October action. The complaint further disputes whether a seizure warrant permits burning the named property and replacing it with newly minted tokens before a final forfeiture judgment.
The claims include conversion, trespass to chattels, unjust enrichment and requests for declaratory and injunctive relief. The businessmen want Tether ordered to remove the blacklist, pay damages if the tokens are destroyed and surrender income allegedly earned from reserves supporting the frozen USDT.
Tether’s law-enforcement powers operate at a considerable scale. As crypto.news previously reported, the company froze $514 million across 370 addresses during one 30-day period in 2026. Its 2025 blacklist covered 4,163 Ethereum and Tron addresses, according to BlockSec data cited in that report.
The next procedural step will be service of the complaint and Tether’s response. The court could also consider an early injunction request if the plaintiffs seek immediate protection against burning or reissuing the disputed tokens.
Separately, the plaintiffs told the New York court that they filed an application in North Carolina on July 31 seeking the return of the USDT. Neither proceeding has produced a judgment on ownership, forfeiture or Tether’s liability.
We are pleased to announce that the Ontology Mainnet has successfully resumed normal operation following the completion of the required security review and network upgrade procedures.
As part of this network upgrade, all Sync Nodes are required to upgrade to v3.1.5 as soon as possible to ensure network compatibility and smooth synchronization following the restoration of the Mainnet.
Action Required for Sync Nodes
All Sync Node operators are strongly advised to:
Upgrade their nodes to Ontology v3.1.5 ASAP; Follow the official upgrade instructions carefully; Ensure their nodes are fully synchronized with the Mainnet; Verify that their nodes are operating normally after the upgrade. Please refer to the official v3.1.5 release notes and upgrade instructions: https://github.com/ontio/ontology/releases/tag/v3.1.5
We strongly recommend that all Sync Node operators complete the upgrade as soon as possible to maintain compatibility with the restored network and ensure stable and uninterrupted synchronization.
Continued Security Monitoring
Although the Mainnet has now resumed, the Ontology team will continue to closely monitor network security, stability, and performance.
Our security review and monitoring efforts will also continue in coordination with relevant technical and security partners to ensure the long-term security and reliability of the Ontology network.
Thank you to all validators, node operators, ecosystem partners, and community members for your patience and cooperation throughout the emergency pause and upgrade process.
If you have any questions, please contact us or our community admins through the official channels.
Americké ministerstvo obchodu začalo přes Chainlink posílat oficiální ekonomická data BEA na 10 blockchainových sítí. Zveřejňuje tak HDP, index cen PCE a Real Final Sales to Private Domestic Purchasers.
The US Department of Commerce has announced the integration of Chainlink, a leading provider of blockchain oracle solutions, to transmit official economic data to public blockchain networks. This program enables transparent and immutable dissemination of key economic statistics, as released by the Bureau of Economic Analysis (BEA), across 10 different blockchain platforms.
Official data streams on public blockchainsThe initiative currently broadcasts three core economic metrics: real gross domestic product (GDP), the PCE Price Index, and Real Final Sales to Private Domestic Purchasers. Each indicator is distributed through two separate data streams—one showing the latest official value and another reflecting annualized quarter-over-quarter percentage changes. In total, six unique data feeds are available.
These statistics are updated in line with the BEA’s official release schedule, with some refreshed monthly and others quarterly. All information matches what is released via traditional government platforms but is formatted specifically for smart contract applications and decentralized platforms.
The data streams operate simultaneously across 10 blockchain ecosystems, including Ethereum, Arbitrum, Avalanche, Base, Botanix, Linea, Mantle, Optimism, Sonic, and ZKsync. Representatives from Chainlink indicated that network support could expand in response to future demand.
The real GDP feed reports inflation-adjusted US economic output in chained 2017 dollars. The PCE Price Index, closely watched by financial markets as the Federal Reserve’s top inflation gauge, tracks price growth across the economy. Real Final Sales to Private Domestic Purchasers offers insight into consumption and private investment, excluding government, trade, and inventory swings.
Commerce Secretary Howard Lutnick emphasized accessibility, stating that making America’s economic data globally verifiable and immutable secures the nation’s position as a leader in blockchain technology.
Data integrity is maintained through strict compliance with international information security standards, including ISO 27001 and SOC 2 Type 1. This program extends a previous effort in which the Commerce Department worked with Pyth Network to make BEA economic data available on blockchains such as Bitcoin and Solana.
How Chainlink connects government data to smart contractsChainlink, a decentralized oracle network, bridges the gap between external real-world data and blockchain smart contracts. By converting BEA statistics into blockchain-compatible formats, Chainlink enables decentralized applications (dApps) to utilize official economic indicators for automated protocols and financial contracts.
Potential applications for these on-chain data feeds include inflation-indexed digital instruments, derivative protocols, and lending platforms that can automatically adjust risk provisions based on the latest macroeconomic figures. However, Chainlink has described these as hypothetical use cases rather than confirmed commercial deployments within this specific collaboration.
Mini dictionary: Chainlink, established in 2017, is a decentralized oracle network that allows smart contracts to securely interact with real-world data, APIs, and traditional payment systems without compromising security or reliability.
LINK performance and market outlookCryptocurrency analyst @TheEliteCrypto reported that LINK’s market capitalization has climbed to $8.5 billion, reflecting a significant recovery from previous levels between $3 billion and $6 billion. The analyst identified strong support at the $6 billion mark and a key resistance target at $10 billion. In earlier market cycles, LINK’s capitalization exceeded $20 billion at its peak.
MetricPrevious RangeCurrent ValueMajor ResistanceAll-time HighLINK Market Cap$3B – $6B$8.5B$10B$20B+Standard Chartered Bank pegged a $200 price target for LINK by 2030, driven by the expanding market for tokenized assets and growing decentralized finance infrastructure. Analyst Geoff Kendrick projected that blockchain-based assets could collectively reach $4 trillion in value by the end of 2028.
Chainlink recently expanded its oracle services with new data feeds for Coinbase-issued tokenized equities on the Base network, including digital representations of companies such as NVDAc, AAPLc, METAc, and GOOGLc. These feeds support the development of collateralized lending protocols and bring traditional assets into blockchain-based financial systems.
Circle a OKX rozšiřují používání USDC napříč spot, margin a futures trhy na burze. OKX zároveň spustila program s měsíční odměnou 100 USDC pro vybrané uživatele.
Circle and OKX have expanded their USDC partnership to increase the stablecoin’s liquidity and use across spot, margin and futures markets on the crypto exchange.
Summary
Circle and OKX are expanding USDC liquidity and trading access across spot, margin and futures markets. Eligible OKX users will have more ways to trade in USDC denominated markets under the expanded partnership. OKX has launched a USDC Margin Growth Program offering qualifying users a monthly 100 USDC reward funded by Circle. The latest move extends an existing partnership that has covered USD to USDC conversions and native USDC support on OKX’s X Layer. Circle said on Sept. 2 that the companies are working together to give eligible OKX users more access to USDC-denominated trading markets, extending an existing relationship between the stablecoin issuer and the exchange.
Circle 🤝 @OKX
Circle and OKX are working together to expand USDC liquidity and trading utility across OKX.
The collaboration supports broader access to USDC-denominated markets across spot, margin, and futures trading.
As digital asset markets scale, trusted dollar stablecoin… pic.twitter.com/lEkCvIMPz3
— Circle (@circle) September 1, 2026 The latest collaboration covers spot trading as well as leveraged products through margin and futures markets. Circle described trusted dollar stablecoin liquidity as part of the trading infrastructure needed as digital asset markets scale.
Specific USDC trading pairs covered by the latest announcement were not disclosed. Circle did not provide a timetable for further market additions or identify the regions where every product would be available, with access subject to user eligibility.
The announcement comes alongside a new OKX and Circle incentive program designed to encourage traders to hold and use USDC on the exchange.
Circle and OKX expand USDC trading access OKX launched its USDC Margin Growth Program with Circle on Sept. 1, offering qualifying users a monthly 100 USDC cash reward funded by Circle.
Under the program, users must opt in, hold at least 20,000 USDC in their OKX Trading Account for 17 consecutive days during a calendar month and record more than 1,000 USDC in single-side trading volume across eligible spot, futures or margin USDC pairs.
Up to 4,000 users can qualify each month on a first-come, first-served basis. OKX said qualifying rewards are settled within seven days after the end of each month.
The trading push extends a relationship between the two companies that previously focused on moving funds between traditional dollars, USDC and blockchain networks.
In July 2025, Circle and OKX introduced zero-fee USDC conversions between USDC and the U.S. dollar. The arrangement allowed users to convert USD into USDC and back at a 1:1 rate through OKX.
Circle CEO Jeremy Allaire said at the time that demand for USDC was coming from businesses and individuals adopting dollar-denominated digital money. OKX President Hong Fang described the integration as part of the exchange’s work to make access to digital assets easier.
USDC infrastructure has expanded across OKX The companies moved their cooperation further onchain in August when Circle brought native USDC and its Cross-Chain Transfer Protocol to X Layer, the Ethereum-compatible layer 2 network developed by OKX.
As crypto.news previously reported, the Aug. 7 integration gave developers and businesses access to USDC issued natively by Circle instead of relying only on tokens bridged from another blockchain.
Circle’s CCTP lets users move USDC between supported blockchains through a burn-and-mint process instead of locking tokens into conventional bridges and issuing wrapped representations on destination networks.
At the time of the X Layer launch, native USDC was supported across 36 networks, while CCTP connected 26 blockchains. Qualified businesses could access USDC issuance and redemption on X Layer through Circle Mint.
The infrastructure can be used for transfers, settlements, lending and decentralized applications, extending the companies’ cooperation beyond OKX’s centralized exchange.
USDC access has been developing differently across OKX’s regional operations as exchanges adjust their stablecoin offerings to local rules.
In Europe, OKX opened a USDT-to-USDC conversion route in July for customers across 30 EU and European Economic Area countries. Eligible customers can deposit USDT and convert it into USDC, which is supported under the European Union’s Markets in Crypto-Assets framework.
OKX Europe operates under a MiCA license and restricts trading in USDT for European customers. USDC and Paxos-issued USDG remain supported stablecoin options on the platform.
The exchange temporarily paused USDC deposits and withdrawals through Solana in July for scheduled wallet maintenance while keeping related trading services operational. The Solana USDC suspension applied only to transfers through that network and did not amount to a platform-wide pause in USDC trading.
Circle has pushed USDC deeper into trading platforms Circle has pursued similar arrangements with other trading and financial platforms as it expands the places where USDC can be used for collateral, settlement and trading.
In May, Circle deepened its relationship with Hyperliquid by becoming the technical deployment partner for USDC on the decentralized trading platform. USDC continued serving as a primary collateral and quote asset across Hyperliquid’s trading ecosystem, while Circle provided infrastructure for minting, redemption and cross-chain transfers.
Circle later moved approximately 4.397 billion USDC through HyperEVM to a Coinbase-linked address. Blockchain analytics firm Arkham described the USDC transfer to Coinbase as the largest USDC transaction recorded at the time.
Coinbase had become Hyperliquid’s USDC treasury deployer under its Aligned Quote Asset framework, while Circle handled technical infrastructure supporting USDC movement across networks.
Circle’s relationship with Coinbase remains another major distribution channel for the stablecoin. During its second-quarter earnings call in August, the company said its USDC collaboration agreement with Coinbase had renewed on existing terms for another three years, extending the arrangement into 2029.
USDC circulation stood at $73.3 billion at the end of the second quarter, up 19% from a year earlier. Circle reported $701 million in quarterly revenue and reserve income, while roughly 30% of circulating USDC was held on Coinbase’s platform at the end of June.
Circle said at the time that it worked with more than 150 partners that had economic incentives to integrate, distribute or support USDC across exchanges, wallets, payment applications and other financial platforms.
Uniswap zaznamenal rekordní aktivitu: týdenní swapy vyskočily o 86 % na 40 milionů a kumulované poplatky vzrostly z přibližně 17 milionů USD na více než 33 milionů USD. Velryby navíc dál stahují UNI z Binance.
Uniswap’s record-breaking streak is gathering pace rather than cooling off. Weekly swaps surged 86% to 40 million as more users entered the protocol.
The milestone surpassed Uniswap’s previous record, established one week earlier.
This rapid growth showed increasing demand for Uniswap’s [UNI] infrastructure rather than an isolated burst of trading.
Unique Daily Swappers also reached approximately 147,000. Therefore, broader participation accompanied the rising number of transactions.
Source: Blockworks Notably, V3 still processes most swaps. However, V4’s growing contribution suggests users are adopting newer infrastructure.
Meanwhile, activity across Ethereum [ETH], Base, Arbitrum [ARB], and newer deployments indicates that Uniswap’s usage is becoming less dependent on a single network.
Uniswap activity drives higher fees The large increase in trading volume on Uniswap has led to more trades and higher associated fees. Simply, this shows that users have taken advantage of its increased usage by way of increasing the overall economic strength of the protocol.
Cumulative Fees paid to the Uniswap protocol rose from approximately $17 million in early June to over $33 million by late August.
Source: Blockworks However, fees increased more steadily than the 86% weekly explosion in swaps. This indicates a significant development within the underlying activity.
While there were many users making trades in their accounts, they made fewer larger position trades. Therefore, this resulted in the trade activity being higher than the amount of money flowing through each trade.
Whale accumulation supports UNI’s rally While higher activity strengthened Uniswap’s economic model, large holders provided another source of support for UNI.
Whale accumulation intensified in late May, with Binance’s largest users withdrawing an average of 7,400 UNI daily. These withdrawals reduced UNI’s immediately available Exchange Supply.
Notably, accumulation began before UNI reversed from $2.48 and rallied approximately 122% to $5.14.
Rather than selling into that recovery, whales kept moving tokens off Binance. This move suggested that conviction remained intact as prices climbed.
Source: CryptoQuant Monthly averages are currently around a still high number of 5,300 UNI per day and so far have limited the possible amount of sell-side pressure.
Still, it is possible that stronger protocol activity helps to support demand as well as continued whale accumulation.
Yet, this combination could also help in extending UNI’s price recovery.
Final Summary Uniswap [UNI] activity hit record levels as user growth and higher fees strengthened protocol usage. Sustained whale accumulation could support UNI’s rally toward the $7.80 resistance.
ARK a Glassnode uvedly, že Bitcoin je podle studie nejdecentralizovanější sítí ze sledovaných tří. Ethereum skončilo uprostřed, Solana měla nejvyšší Nakamoto coefficient 19.
ARK Invest and Glassnode published a joint study on Sept. 1 that found three entities could cross the measured block-production thresholds for both Bitcoin and Ethereum, while Solana required 19.
Summary
Bitcoin reaches its 51% hash-rate threshold through three mining pools, according to the joint report. Ethereum requires three staking entities to exceed 33%, although pooled delegation complicates direct control assumptions. Solana’s Nakamoto coefficient is 19, but nearly all measured infrastructure operates inside commercial data centers. Bitcoin’s infrastructure is comparatively dispersed, with 63% of measured nodes operating anonymously through Tor networks. Ethereum hosts roughly 49% of execution-layer nodes in clouds, including 20% through Amazon Web Services. The 32-page report, titled The Decentralization Spectrum: Design Tradeoffs in Digital Assets, compares the networks across ownership, exit fluidity, verification costs, critical resilience, reconstruction costs and infrastructure distribution.
The findings do not mean three companies control Bitcoin or Ethereum. The metric counts mining pools and staking platforms as entities, even when the underlying hardware, stake or node operators belong to separate participants who may withdraw or redirect their resources.
Bitcoin’s three-pool threshold does not equal ownership The report applied a 51% hash-rate threshold to Bitcoin. Foundry USA represented 27.27% of the measured hash rate, followed by AntPool at 17.06% and F2Pool at 16.96%. Together, the three pools exceeded 61%.
This produced a Nakamoto coefficient of three, defined as the minimum number of measured entities needed to cross a network’s critical production threshold. ViaBTC controlled another 9.50%, while SpiderPool represented 5.82%.
Mining pools coordinate block construction and distribute rewards, but they do not necessarily own the machines producing their hash rate. Independent miners connect to pools to receive steadier income and can redirect their computing power elsewhere.
That mobility limits how closely pool concentration can be equated with permanent control. The report estimated a Bitcoin miner could switch a 1% hash-rate position in approximately 29 seconds. A coordinated attack or censorship attempt could prompt participants to leave the responsible pools.
Pools still influence transaction inclusion and ordering because they usually provide the block templates miners use. Pool concentration therefore represents an operational risk, even if it overstates the concentration of underlying mining ownership.
The issue is not new. Earlier crypto.news reporting found that two mining pools produced a majority of sampled Bitcoin blocks in late 2022. Pool shares have changed since then, but production continues to be concentrated among several large coordinators.
Ethereum crosses a lower threshold through pooled stake ARK and Glassnode applied a 33% stake threshold to Ethereum because participants controlling one-third of staked ETH can disrupt finality. This differs from Bitcoin’s 51% majority threshold, so the two coefficients do not describe identical powers.
Lido represented 23.04% of staked ETH in the report’s July data. Binance controlled 8.88%, and Kraken held 6.91%. Those three entities collectively represented approximately 38.8%, taking Ethereum above the selected threshold.
Lido is not a single validator. It distributes stake among multiple node operators, although those operators participate through a common protocol and governance framework. The report therefore treats Lido as shared infrastructure that aggregates economic weight rather than one machine or company directly controlling every validator.
Ethereum’s exit mechanics also restrict validator mobility. The report estimated that exiting a 1% position would take around 14.6 days under current conditions and as long as 55.6 days under heavy congestion. That is much slower than redirecting Bitcoin hash rate.
Client diversity provides another layer of resilience. The study placed Geth’s execution-client share at 34.88%, followed by Nethermind at 26.96% and Reth at 18.98%. Lighthouse represented 54.16% of consensus clients.
Different clients independently implement Ethereum’s rules, reducing the portion of the network exposed to one software defect. The relationship between Ethereum nodes and their software clients means validator concentration alone cannot describe the network’s full failure risk.
Solana’s 19-validator result comes with infrastructure costs Solana recorded the highest Nakamoto coefficient for the selected block-production threshold. The report found that 19 validators were needed to control more than 33% of delegated stake.
Figment was the largest individual validator at 3.78%, followed by Helius at 3.69%, Jupiter at 2.91%, Binance Staking at 2.81% and Ledger by Figment at 2.16%. The remaining 84.65% was spread across other validators.
One passage in the report says Solana requires 20 entities, but its chart, comparison table and published Glassnode summary all report a coefficient of 19. The table also says the figure increased from 18 in March 2026.
Solana’s validator distribution performed well on this particular measure, but its physical infrastructure was more concentrated. Approximately 100% of the infrastructure measured by the researchers operated in commercial data centers. About 68% was in Europe, while 21% was in North America.
TeraSwitch hosted 30.23% of measured stake, and the top two hosting companies served around 35.7%. Common infrastructure can create correlated failures even when the validator set contains many separate operators.
That risk became visible in August when 102 of 699 Solana validators stopped voting during a TeraSwitch routing problem. Solana continued processing transactions, but the episode showed how one infrastructure failure can affect multiple otherwise independent validators.
The report used Solana geographic data from November 2024, while most Bitcoin and Ethereum infrastructure data came from July 2026. That timing difference limits direct comparisons and leaves room for Solana’s distribution to have changed.
Bitcoin leads infrastructure resilience and auditability Bitcoin had the least expensive verification requirements in the study. The researchers estimated hardware for a full node at $289, compared with $730 for Ethereum and $21,478 for a Solana RPC node or validator-class configuration.
Its measured full-chain storage requirement was 753 gigabytes. Ethereum required approximately two terabytes for a full archive setup, while reconstructing Solana’s history was estimated at 480 terabytes because historical data is commonly offloaded to external providers.
Bitcoin also had the most distributed hosting profile. Only 16% of measured infrastructure operated in data centers, while 63% of nodes used Tor. Another 15% was residential or self-hosted.
Ethereum placed approximately 49% of execution-layer nodes in cloud environments and 45% in self-hosted settings. AWS alone hosted around 20%, while the top two providers accounted for approximately 27%.
Solana’s higher hardware and bandwidth demands reflect its focus on throughput. The tradeoff is that fewer ordinary users can independently recreate or verify the full network history using consumer equipment.
No single score settles blockchain decentralization The report ultimately ranked Bitcoin as the most decentralized of the three networks overall, followed by Ethereum and Solana. Bitcoin led in ownership distribution, auditability and geographic resilience.
Ethereum generally occupied the middle across the six dimensions. Solana scored strongly for its critical resilience threshold and validator participation but ranked lower for ownership distribution, verification accessibility and infrastructure diversity.
The methodology remains sensitive to how entities are grouped. Exchanges can hold tokens for many customers, mining pools aggregate independent miners, and staking protocols coordinate multiple operators. Wallet-size bands can likewise combine custodial assets belonging to thousands of users.
The comparison is therefore more useful as a map of separate concentration risks than as a definitive ranking. A network may distribute block production broadly while relying heavily on several hosting companies, software clients or governance organizations.
Future editions could improve comparability by using synchronized data dates, separating pools from underlying resource owners and distinguishing censorship thresholds from thresholds capable of rewriting finalized history.
FAQs Do three entities control Bitcoin? No. Three measured mining pools exceeded 51% of hash rate, but independent miners supply much of that computing power and can change pools.
Can three Ethereum platforms rewrite the blockchain? The report’s three-entity figure concerns the 33% stake threshold associated with disrupting finality. It does not represent the stronger two-thirds threshold needed for other consensus actions.
Why does Solana score 19? The 19 figure is the minimum number of validators whose combined delegated stake exceeds the report’s 33% threshold.
Which blockchain did the report rank as most decentralized? Bitcoin ranked highest overall due to its accessible verification, dispersed ownership and comparatively resilient geographic infrastructure.
According to an announcement by Japanese listed firm Remixpoint (ticker: 3825), the company sold all its altcoins on September 1—including Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE)—for a total of 878.8 million yen, generating a profit of 117.8 million yen. Post-sale, Remixpoint’s only remaining cryptocurrency holding is Bitcoin (BTC), with approximately 1,506 BTC in reserves. Breakdown of the altcoin sales: 901.4467 ETH sold for 353.4 million yen, yielding a 60.2 million yen profit; 13,920.0726 SOL sold for 227.9 million yen, with a 49.3 million yen profit; roughly 1.1912 million XRP sold for 260.4 million yen, netting a 11.52 million yen profit; and approximately 2.8023 million DOGE sold for 37.08 million yen, incurring a 3.26 million yen loss. The company plans to recognize the ~118 million yen in sale proceeds in its second quarter results for the fiscal year ending March 2027. Remixpoint stated the portfolio adjustment is designed to further consolidate its crypto asset holdings, formalize its Bitcoin-centric investment and operational strategy, and boost capital efficiency. The sale proceeds will be considered for use in expanding assets in growth sectors such as grid-scale energy storage, strengthening its financial foundation, and other initiatives to enhance corporate and shareholder value. Additionally, the firm disclosed that between February 24, 2026, and August 31, it earned BTC lending income of 14.92055902 units, equivalent to approximately 164.2 million yen. As of August 31, its staking income from ETH and SOL combined totaled roughly 29.875 million yen.
Solana v srpnu zpracovala přes 5,2 miliardy non-vote transakcí, což je nový měsíční rekord a o 23 % více než v červenci. Analytik Ali Martinez vidí při udržení momenta cíl na 150 USD.
Solana (SOL) maintained its price near $101 after a month marked by notable gains, drawing attention from analysts who now see the potential for further growth in the coming weeks.
Price action and market trendsOn September 1, SOL fell 1.76% in 24 hours, trading at $101.30. This pullback did little to offset its overall performance for the previous month, during which Solana surged 40%. Over the past week, the token recorded an additional 5% gain.
Broader cryptocurrency markets posted mild losses, with total market capitalization slipping 0.65% to $2.62 trillion. Bitcoin continued trading below $78,000, Ethereum hovered near $2,430, and XRP sustained its price at approximately $1.36.
Investor attitudes reflected this cooling trend, as the Fear and Greed Index edged down from 80 to 74 after the market’s 21% monthly advance. Some market watchers interpreted this as a slight pullback in optimism rather than a shift to bearish sentiment.
Analyst forecasts and technical outlookCryptocurrency analyst Ali Martinez urged traders to move away from a negative stance on Solana, highlighting emerging bullish signals in the token’s technical structure. Martinez pointed to recent trends as an early indication of a potential price breakout, suggesting a new target of $150 could be attainable in September if current momentum holds.
Ali Martinez told investors to “stop being bearish on Solana $SOL,” emphasizing that the technical setup is shifting toward a bullish direction and suggesting it was time for traders “to lock in before the next major move.”
Martinez and other analysts cited the need for SOL to secure support at $100 and then overcome resistance at $110 and $120. A successful breach above $120 would likely open the way to test $130 before aiming for the $150 goal. However, losing the $100 support could see price unwind toward the $95 region.
Technical indicators offered mixed messages: the Relative Strength Index stood at 40.56, suggesting it was above oversold territory, while the MACD remained slightly negative, hinting at potential sideways price action in the near term.
Solana-focused ETFs see rising demandSolana-based exchange-traded funds (ETFs) saw significant inflows in August. On August 31, net capital entering these funds reached $925,000 in a single day, all channeled into Fidelity’s FSOL product. Assets under management for Solana ETFs collectively grew to $1.44 billion, accounting for roughly 2.4% of Solana’s total market capitalization since launch. Combined trading volume from all seven Solana ETF products reached $67.55 million.
Fidelity, which manages the FSOL ETF, is a global financial services corporation known for expanding its exposure to digital assets through ETF offerings.
Mini dictionary: Solana ETFs, exchange-traded funds holding SOL or Solana-related assets, allow investors indirect exposure to the token through traditional financial markets.
ETF ProviderRecent Daily InflowsTotal AUMTrading Volume (Since Launch)Fidelity FSOL$925,000$1.44 billion$67.55 millionRecord surge in Solana network activityIn August, Solana processed over 5.2 billion non-vote transactions, a new monthly peak and a 23% increase compared to July’s 4.24 billion. Data from Blockworks showed this represents more than double the network activity recorded 18 months ago.
Non-vote transactions capture end-user applications and genuine network use, excluding validator maintenance functions. This strong uptick is widely seen as a signal of expanding activity among both developers and users.
The total supply of stablecoins circulating on the Solana network climbed to $14.7 billion in August, nearly triple the $5 billion figure reported one year earlier.
These milestones followed Solana’s first validator governance vote, where two out of three proposals received approval. Among the outcomes was a measure that will accelerate the annual reduction rate of newly issued SOL tokens, effectively halving emissions each year.
Arbitrum za poslední den vzrostl o 28 %, když síť udržela čistý příliv bridge aktiv 1,6 miliardy USD. TVL i objem na DEX rostly a open interest ARB vyskočil o 65 % na 169 milionů USD.
Arbitrum [ARB] delivered a 28% gain in the last day as of writing, as the blockchain itself became a central stage for capital movement across the market while retaining most of it.
While there’s a clear sign that the bulls are active in the market, the impact on ARB came from the movement of bridge assets across chains, showing that Arbitrum dominated in netflow with $1.6 billion retained in value.
To put this into perspective, bridge asset netflow tracks capital moving across multiple chains to show how much enters and leaves each chain.
Source: Artemis When the netflow is positive, like in this case, it suggests that most of the capital settled on the chain, a positive factor that can impact price.
At the time of writing, Arbitrum has led other chains in terms of netflow over the last day, ahead of Ethereum [ETH] and Robinhood, which followed, respectively, in terms of flow. Importantly, this type of flow needs to be maintained if there’s going to be a continued rally in the near term.
However, bridge asset movement is just one part of the broader factors that influenced the rally. AMBCrypto found other catalysts that have also impacted the market.
Investors committing to a long-term rally Investors are showing signs of interest in ARB as a whole, with the total value locked (TVL) tracking the health of the chain based on deposited and locked capital.
Between the 19th of August and the time of writing, roughly 13 days have seen its TVL increase by $170 million, reaching a new level of $1.412 billion.
In simple terms, TVL grew by an average of $13.07 million daily. Although this is moderate, it shows there’s strong commitment to the rally.
Source: DeFiLlama Analyzing the chain, activity across decentralized exchanges has also been seeing a good level of activity. Data from DeFiLlama shows that after volume declined steadily between the 21st and 28th of August, there has been a pickup in activity.
Data shows that from the 29th, DEX volume grew by over 151%, reaching a high of about $208.72 million. A surge in volume is particularly helpful to ARB, as it increases usage, which ultimately feeds into demand in the long run.
Yet, it is important to note that this surge in activity reflects usage, not user growth, as daily active traders remained at about 106,500.
Watch the perpetual market On-chain activity only tells one part of the picture, which is why it’s important to analyze what’s happening off-chain across exchanges, a key trading venue for the native ARB token.
CoinGlass data shows that there has been a massive inflow of capital into the perpetual market, which aligns with the rise in ARB.
The Open Interest (OI) of ARB, which tracks the capital value of contracts in an asset, rose by 65%, reaching $169 million. When compared to the Funding Rate of 0.0055%, the data revealed that the majority of market flow, as well as existing capital, was positioned long.
Final Summary Arbitrum retained $1.6 billion in bridge asset netflow as ARB posted a 28% gain in the last day. Rising TVL, DEX volume, and OI point to stronger demand, but daily active traders remain below August highs.
Sei Labs uvedla, že nový storage engine FlatKV v interním 24hodinovém testu dosáhl průměru 205 913 TPS, tedy 13,7× více než současný MemIAVL. FlatKV je součástí upgradu Giga.
FlatKV Clears 200,000 TPS in Internal Testing@Sei_Labs has published benchmark results showing its new FlatKV storage engine averaged 205,913 transactions per second across a 24-hour test window. That figure stands 13.7 times above the roughly 15,000 TPS recorded by @SeiNetwork's current MemIAVL store under the same conditions, according to the team.
FlatKV is part of Eidos, the storage component of Sei's broader Giga upgrade program. Eidos is set to replace the existing structure for EVM state with FlatKV, a flat key-value storage system where an individual state change requires a single write. Verification will be handled using LtHash, or lattice hashing, which maintains a running fingerprint of the state. Under the design described by Sei, LtHash can update that fingerprint in constant time when state changes, removing the need to recalculate a path of hashes through a Merkle tree.
Where Giga Stands on Mainnet The first phase of Eidos reached Sei mainnet with the v6.6 release in August 2026, with EVM state beginning to move into its own dedicated database. That initial release also shipped a rebuilt pruning path, reducing a cleanup pass that used to take 8 to 18 minutes down to about five, and keeping nodes within 60 blocks of the chain tip.
The larger components of Eidos, including FlatKV with its lattice hash, the LittDB-backed receipt store, and the off-node archive, will arrive in subsequent releases. @Sei_Labs has the new store slated for a later release, where it replaces the Merkle tree for EVM state.
The upgrade is the storage component of a three-part architecture overhaul that also includes Autobahn for consensus and Ares for transaction execution. Sei Labs released its Giga whitepaper with a design targeting 200,000 transactions per second, 5 gigagas of throughput, and finality below 400 milliseconds. The migration is designed to run while Sei remains online, with existing and new storage systems operating alongside each other.
Sei's internal testing has demonstrated more than 200,000 TPS under controlled conditions, though those results do not represent sustained mainnet performance. The FlatKV benchmark adds further weight to the storage case, but the full Giga stack, including the Autobahn consensus layer, has yet to reach mainnet.
Sources
Sei Labs: The Eidos Upgrade, Sei Official Blog
Sei starts phased Eidos upgrade to prepare network for 200,000 TPS, Crypto News
Ares and Eidos: The first components of the Giga Upgrade, Sei Official Blog
Ethena spustila Ethena Pay na Avalanche, mobilní aplikaci pro každodenní platby, držení a posílání USDe. Aplikace je dostupná na iOS ve více než 50 zemích.
Ethena has launched Ethena Pay, a mobile financial application that brings its USDe digital dollar into everyday use, from holding and sending money to making purchases and earning savings. According to an announcement from Ava Labs, the product is built exclusively on Avalanche, which handles USDe transfers, payments and settlement behind the scenes while users see a familiar consumer experience.
A Digital-Dollar Account for Daily Spending Ethena Pay combines a traditional account with a digital-dollar balance held in USDe, letting users move between fiat and digital dollars locally and globally, transfer funds and make purchases. Balances can be spent through Visa’s network of more than 130 million merchants. The launch builds on Ethena’s earlier work bringing USDe into payments and gives the protocol a direct channel to put the stablecoin to work in recurring activity rather than leaving it confined to trading and DeFi platforms.
Avalanche as the Settlement Layer The launch leans on Avalanche for the speed, low transaction costs and scalability needed to move value inside a consumer app, with users never required to select a network or interact directly with blockchain infrastructure. Ethena founder Guy Young framed the move as a bet on tokenized assets. “Avalanche was focused on RWAs and tokenized assets before almost anyone else was talking about them,” he said, adding that Ethena Pay can plug into liquidity and applications already live in the Avalanche ecosystem.
Why Digital Dollars Are Moving Beyond DeFi The product is positioned as part of a broader shift in which digital dollars stop behaving like crypto assets and start functioning like money that consumers can earn, hold, move and spend. Ava Labs argues that many neobanks and fintechs still depend on fragmented banking and payment infrastructure, while Ethena Pay runs on a single programmable layer that stays out of view. Digital-dollar balances in the app are held in USDe, creating a path from issuance into holding, sending, spending and saving.
What Comes Next Ethena says the app is available on iOS in more than 50 countries, with Android access, availability in the United States and European Union, and multi-currency accounts expected to follow. The rollout extends an existing business that has already processed more than $30 billion through its mint and redeem systems, integrated USDe across more than 100 platforms and protocols, and secured a USDe backing facility with FalconX, a scale the company now aims to direct toward everyday payments and savings.
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Hyperliquid Strategies Inc (PURR) navýšila dohodu o nákupu nových akcií z 1 miliardy USD na 2,5 miliardy USD a zavedla limit, který má omezit ředění. Další emise pod 12,02 USD za akcii budou po překročení 1 miliardy USD omezeny na 42 641 847 akcií, což odpovídá 19,99 % předchozího počtu akcií.
US-listed HYPE sector treasury firm Hyperliquid Strategies Inc (PURR) has amended its ChEF purchase agreement with Chardan Capital Markets, lifting the total commitment for newly issued common stock from $1 billion to $2.5 billion. The newly issued shares have a par value of $0.01; while the financing scale has expanded significantly, the issuance remains subject to clear price and quantity constraints. This amendment introduces a trading platform cap mechanism: once cumulative sales exceed $1 billion, additional issuances priced below $12.02 per share will be restricted, with a cap of 42,641,847 shares, equivalent to 19.99% of the outstanding shares prior to the amendment. Any additional issuance beyond this threshold will require shareholder approval in line with Nasdaq rules. This design not only greatly boosts financing capacity but also provides existing shareholders with protection against excessive dilution. According to market data from BIT (bit.com), PURR closed down 7.31%.
Aster prodloužil cliff pro týmovou alokaci o 12 měsíců do září 2027, takže 400 milionů $ASTER zůstane plně uzamčeno. Zároveň beze změny pokračuje buyback-and-burn program.
Team Allocation Stays Locked Until September 2027@Aster_DEX announced Tuesday that the cliff on its team token allocation has been extended by one year. The 400 million $ASTER set aside for the team, representing 5% of the project's maximum supply, will now remain fully locked until September 17, 2027. Under the original schedule, the allocation was due to begin vesting at 10 million tokens per month from September 17 this year.
CoinGecko data confirms that the team allocation cliff has been extended by 12 months to September 2027, and that zero tokens from that tranche have unlocked since the project's token generation event approximately one year ago. The extension removes a near-term vesting overhang that had been on the radar of token holders and analysts tracking the project's supply schedule.
Buyback-and-Burn Program Continues UnchangedAster said the cliff extension does not alter its buyback-and-burn program. According to Aster's official tokenomics documentation, for every $ASTER bought back using platform fees, an equal amount is burned from reserves, with the team allocation burned first. Burns are executed bi-weekly and will continue until the total supply reaches 3 billion tokens, down from the original 8 billion at launch.
The upgraded buyback mechanism, introduced on June 17, 2026, directs 99% of daily platform fees toward $ASTER repurchases for veASTER stakers, with a matching burn from team reserves running in parallel. The Crypto Times reported that the first burn under the upgraded model saw nearly 2.94 million $ASTER bought back and an equal number permanently removed from the team allocation. Per Aster's own published updates, cumulative burns from the team allocation under the upgraded program had reached approximately 11.1 million $ASTER by August 10.
The combination of a locked team allocation and an active deflation mechanism via fee-funded buybacks places Aster among the more supply-conservative perpetual DEX tokens in the current market. Whether the locked supply and ongoing burns translate into sustained price support will depend largely on platform fee generation and trading volumes going forward.
Sources:
CoinGecko: Aster (ASTER) Token Data
Aster Official Tokenomics Documentation
The Crypto Times: Aster Burns 2.9M Tokens in First Buyback
Spotové Bitcoin ETF a digitální trusty nyní drží 12,2 % celkové nabídky Bitcoinu. ARK Invest zároveň uvádí, že její krypto aktiva v ETF přesáhla 2,15 miliardy USD.
Cathie Wood’s ARK Invest is sounding the institutional alarm on crypto, and for once, the data backs up the enthusiasm. The firm’s latest research shows that spot Bitcoin ETFs and digital asset trusts now control 12.2% of Bitcoin’s total supply, a figure that would have seemed absurd just two years ago when the SEC was still playing keep-away with spot ETF applications.
ARK’s own crypto-linked assets across its suite of ETFs have surpassed $2.15 billion as of November 2025.
The numbers behind the narrative ARK’s flagship fintech ETF, ARKF, has allocated approximately 29% of its portfolio to digital assets. The fund’s holdings span major crypto-adjacent companies like Coinbase and Circle, alongside ARK’s own ARKB Bitcoin ETF, creating a layered exposure strategy that gives investors multiple entry points into the digital asset ecosystem.
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The firm has also continued purchasing crypto-related equities during market dips throughout 2025 and into 2026.
From retail frenzy to institutional infrastructure ARK has reinforced its commitment to broadening access by filing for two crypto index ETFs tied to the CoinDesk 20 in December 2025. One fund would include Bitcoin exposure, while the other would exclude it via futures, essentially letting investors choose whether they want the flagship asset in their broader crypto basket.
The CoinDesk 20 index covers the largest digital assets by market capitalization, so these ETFs would give traditional investors a diversified crypto portfolio through a single ticker.
What the bear market thesis means ARK’s research points to a transition from retail to institutional demand for Bitcoin through regulated vehicles like spot ETFs. On-chain data can reveal patterns invisible in price charts alone, such as whether long-term holders are accumulating or distributing, and whether network usage is growing independent of speculative trading volume.
ARK’s filing for CoinDesk 20 index ETFs also signals something about competitive positioning. The firm isn’t content to compete solely on Bitcoin exposure, where BlackRock’s iShares Bitcoin Trust has dominated flows. By moving into broader crypto index products, ARK is carving out territory in a segment where fewer incumbents have established themselves.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
OCEAN Mining jmenoval Boba Burnetta novým předsedou představenstva po odchodu spoluzakladatele Luka Dashjra. Burnett je zároveň CEO společnosti Barefoot Mining, která směruje přes 90 % svého hashrate do OCEAN.
OCEAN Mining, the decentralization-focused Bitcoin mining pool, has named Bob Burnett as its new chairman of the board. The appointment fills a leadership vacuum that opened when co-founder Luke Dashjr stepped down from his roles as chairman and CTO on August 29, 2026.
Burnett isn’t exactly a newcomer to OCEAN’s orbit. As CEO of Barefoot Mining, he’s directed over 90% of his company’s hashrate to the pool, making him one of its most significant contributors and loudest advocates.
From biggest customer to boardroom leader Burnett’s elevation follows what appears to have been a deliberate pause in succession planning. After Dashjr’s departure, OCEAN initially chose not to name an immediate replacement, instead emphasizing its commitment to continuing transparent, permissionless operations.
Burnett brings operational credibility to the role, having publicly championed OCEAN’s model and participated in performance studies that he says demonstrate better financial returns compared to traditional FPPS (full pay-per-share) pools.
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OCEAN launched in November 2023 with roughly $6.2 million in seed funding led by Jack Dorsey, and has since grown to represent between 2.45% and 2.88% of recent Bitcoin blocks. Its hashrate estimates range between 13 and 25 EH/s, depending on the measurement window.
Why OCEAN operates differently Most Bitcoin mining pools function like middlemen. Miners contribute hashpower, the pool finds blocks, and the pool distributes rewards, often holding custody of funds during the process. OCEAN takes a different approach.
The pool uses a proprietary system called DATUM that lets individual miners build their own block templates. In plain terms, miners get to choose which transactions go into the blocks they’re working on, rather than handing that decision to a centralized pool operator. Payouts are non-custodial, meaning the pool never holds miners’ Bitcoin.
OCEAN also employs what it calls the TIDES system to ensure payout transparency. The entire setup is designed to address a concern that’s been brewing in Bitcoin circles for years: that mining pool consolidation undermines the decentralization Bitcoin was built to provide.
OCEAN achieved SOC 2 Type 1 compliance in November 2025 and added SOC 1 Type 1 certification in March 2026.
The Dashjr departure and what it signals Luke Dashjr’s resignation from OCEAN wasn’t a quiet exit. A longtime Bitcoin Core developer and one of OCEAN’s co-founders, Dashjr left citing evolving internal visions and protocol debates.
What this means for Bitcoin mining’s competitive dynamics The broader question is whether OCEAN’s model can scale without compromising the principles that differentiate it. Non-custodial payouts and miner-built block templates add complexity. OCEAN’s counter-argument, supported by Burnett’s own data, is that the economics actually favor its approach through the TIDES system compared to conventional FPPS arrangements.
The risk, of course, is concentration of a different kind. When your new chairman also runs the operation contributing the largest share of your hashrate, the line between customer and controller gets blurry. OCEAN will need to demonstrate that Burnett’s dual role doesn’t create the same centralization dynamics the pool was founded to prevent.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple uvolnila 1 miliardu XRP v rámci pravidelného měsíčního uvolnění z úschovy. Neznamená to automatický prodej; většina tokenů bývá historicky znovu uzamčena.
Ripple unlocked 1 billion XRP tokens as part of its regular monthly escrow release, according to blockchain tracker Whale Alert.
The move comes as XRP’s price shows renewed momentum but still struggles to fully break its recent downtrend.
What the September Unlock Actually MeansThree separate transactions released 500 million, 400 million, and 100 million XRP from Ripple-controlled escrow accounts. The release follows Ripple’s established mechanism, which allows up to 1 billion XRP to become available at the start of each month.
Ripple originally placed 55 billion XRP into escrow back in 2017. At the time, the company said any unused tokens would return to escrow for future releases.
As of August 31, roughly 32.28 billion XRP remained locked in Ripple’s on-ledger escrow, according to an on-chain tracker that calculates the balance directly from active XRPL escrow objects. After this latest unlock, that figure drops to approximately 31.14 billion XRP.
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Ripple’s September Unlock Releases 1 Billion XRP Tokens. Source: X/@whale_alertThat leaves roughly 31.28% of XRP’s fixed 100 billion maximum supply still locked inside Ripple’s escrow.
An unlock, however, does not mean Ripple actually sold 1 billion XRP. The company has historically re-escrowed a large portion of each monthly release, meaning tokens reaching the broader market tend to be far smaller than the headline figure suggests.
XRP’s Price Still Fighting for MomentumXRP currently trades near $1.36, falling 0.5% over the past 24 hours, though the token has fallen about 8.20% over the past week after nearly touching $1.70 in August.
The token has still climbed roughly 30.8% over the past 30 days and 14.5% over the last 90 days, though it remains under pressure on a year-to-date basis.
XRP Price Performance. Source: BeInCryptoLeveraged positions felt some pain during this stretch. More than $3.32 million worth of XRP positions were liquidated over the past 24 hours, with short liquidations accounting for roughly $1.19 million against about $2.13 million in long liquidations, according to Coinglass data.
The mismatch between short and long liquidations suggests bearish traders bore the brunt of recent volatility, even as XRP’s broader trend still lacks a decisive breakout.
Whether the token can build on its 30-day gains likely depends on demand absorbing this month’s escrow release without adding fresh selling pressure.
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SEC navrhla největší aktualizaci pravidel pro převodní agenty za desetiletí, aby podřídila dohledu blockchainové účetnictví a tokenizované cenné papíry. XRP se po zprávě obchodoval za 1,38 USD.
The U.S. Securities and Exchange Commission has put forward its most extensive update of transfer-agent regulations in decades, aiming to bring blockchain-based recordkeeping and tokenized securities into regulatory oversight. This proposed framework marks a shift from rules largely designed during the paper certificate era to one that reflects modern digital practices.
Proposal Targets Blockchain RecordkeepingAnnounced on September 1, the SEC’s plan seeks to update the guidelines and documentation for registered transfer agents. These agents are responsible for maintaining official securities ownership records and overseeing the issuance, transfer, and cancellation of securities.
SEC Chairman Paul Atkins stated that the overhaul is designed to accommodate operational advancements, including the use of distributed ledger technology in securities offerings and share management. The fact sheet clarifies that the proposal would formally recognize both electronic and blockchain-based records, as well as securities without physical certificates.
Commissioner Hester Peirce has highlighted the growing interest among market participants in the tokenization of shares, urging discussion around whether transfer agent regulations should support on-chain trading of these securities. She suggested that digital-wallet addresses could be considered alongside current shareholder identifiers.
The SEC did not endorse the XRP Ledger or any specific blockchain network. Instead, the proposed rules emphasize technology-neutral requirements, aiming to enable blockchain-native securities operations to function within established market expectations.
Comments on the SEC proposal are open for 60 days following its publication in the Federal Register. The rule remains at the proposal stage and has not been formally adopted.
Mini dictionary: Transfer Agent, a regulated entity that maintains official securities ownership records for companies, processes transfers, cancellations, and the issuance of new securities.
Ripple and Institutional Tokenization EffortsThe timing of the SEC’s proposal is notable for XRP investors, as Ripple continues to expand in institutional tokenization markets. Ripple operates as a payments and enterprise blockchain technology company, and develops the XRP Ledger (XRPL), a decentralized, open-source blockchain for settlement and asset issuance.
Ripple recently announced a partnership with SettleMint to integrate Ripple Custody services with tokenized asset management for regulated institutions in the Asia-Pacific region. This integration supports the complete tokenization cycle, including issuance, compliance, settlement, and servicing for institutional investors.
Earlier initiatives include Aviva Investors’ launch of a tokenized liquidity-fund share class using XRPL, as well as a Ripple, Mastercard, Ondo, and JPMorgan pilot that utilized XRPL for tokenized U.S. Treasury redemption. Ripple has also made investments in ZILO and Licuido to develop infrastructure supporting issuance, transfer agency, and collateral movement.
These steps underline Ripple’s ongoing push to strengthen capital markets infrastructure for digital assets.
XRP Price and Institutional ParticipationDespite the regulatory news, XRP’s price has stayed relatively stable. The cryptocurrency recently traded at $1.38, up 0.3% over the past 24 hours. Its market capitalization was about $86.4 billion, though it remained down 6.4% over the last week.
MetricCurrent ValueChangeXRP Price$1.38+0.3% (24h)XRP Market Cap$86.4 billion-6.4% (7d)Institutional exposure to XRP is growing separately from retail price movements. U.S. spot XRP ETF inflows have reached nearly $1.8 billion, and Goldman Sachs has disclosed approximately $87.4 million in XRP ETF holdings, making it the largest known institutional investor in this category.
XRP Ledger and associated products are advancing in the regulated asset tokenization sector, even as the SEC considers updating its rules to address blockchain-based recordkeeping. The proposed regulatory changes demonstrate an official recognition of market infrastructure shifting toward blockchain technology.
The SEC’s proposal does not assign any special regulatory treatment to XRPL but indicates that core securities recordkeeping and transfer mechanisms in the U.S. may increasingly incorporate blockchain technology. For companies like Ripple and ecosystems supporting regulated tokenized assets, this represents a significant step forward.
