XLM Plunges 5% Before Sharp Recovery as Network Upgrades and Institutional Buying Collide
Stellar’s native token swung between $0.34 and $0.36, with volume spikes exceeding 70M units as volatility gripped markets. What to know #USGDPDataOnChain XLM dropped 5%, sliding from $0.36 to $0.34 before rebounding. Trading volume surged past 70M units, signaling institutional involvement. Bithumb to suspend deposits Sept. 3 as Stellar undergoes major network upgrades. African expansion gains traction, with mobile money integrations in Nigeria, Kenya, and Ghana. Analysts still project long-term targets of $0.62–$0.95 despite near-term weakness.$BTC Heavy Volatility Hits Stellar Stellar’s XLM faced sharp turbulence in the past 24 hours, plunging from $0.36 to $0.34 before staging a swift rebound. Midnight selloffs drove volumes past 57M tokens, testing support in the $0.34–$0.35 zone. By morning, buyers stepped back in, briefly lifting XLM back to $0.36 as volumes swelled to 70M units. Technical Picture Support Zone: $0.34–$0.35 held firm under heavy selling. Resistance: $0.36 capped recovery attempts, confirming a range-bound setup. Final Hour Action: Bearish momentum returned, with XLM slipping 1% before session close. Analysts say the tight $0.02 range may precede a breakout move. Fundamentals in Focus Exchange Disruptions: South Korea’s Bithumb will pause XLM deposits Sept. 3 during Stellar’s network upgrades, highlighting the blockchain’s critical transition phase. Sector Confidence: Ripple’s successful bank pilots add competitive pressure, raising expectations for Stellar’s upcoming improvements. Adoption Drive: Stellar’s expansion into Africa’s mobile money markets — particularly Nigeria, Kenya, and Ghana — continues to attract institutional interest. The Takeaway$BNB XLM’s sharp swings reflect both technical uncertainty and fundamental catalysts. With exchange suspensions ahead and expansion in Africa accelerating, investors are watching the $0.34–$0.36 zone closely. While volatility may persist short term, institutional buying signals and strategic growth initiatives keep long-term targets in play.
Most Bitcoin Still Held by Individuals, But Institutions Are Catching Up
New research from River shows individuals own nearly two-thirds of BTC supply, while ETFs and corporations steadily grow their share. What to know #FedDovishNow Individuals control ~65.9% of BTC (13.83M coins). Funds & ETFs hold 7.8% (1.63M BTC). Businesses hold 6.2% (1.30M BTC). Governments own 1.5%; ~7.6% is believed lost. 4.6% attributed to Satoshi/Patoshi wallets, largely untouched. 5.2% (1.09M BTC) still remains to be mined before the 21M cap.$BTC Retail Still Dominates — For Now According to River’s Aug. 25, 2025 research, the majority of Bitcoin remains in the hands of individuals, covering both self-custody and exchange wallets. Despite institutional inflows, retail continues to define Bitcoin’s ownership landscape. Institutional Share Rising#FedDovishNow Institutions are gradually expanding their footprint: ETFs & funds: Now at 7.8%, boosted by U.S. spot ETF approvals and global investment vehicles. Businesses: From corporate treasuries to listed companies, now hold 6.2%. Governments: Account for 1.5%, mostly through seized assets. Lost Coins and Satoshi’s Stash River estimates 7.6% of BTC is lost — inaccessible due to forgotten keys or inactive addresses. Early-era miner holdings, attributed to Satoshi Nakamoto/Patoshi wallets, make up 4.6% (968k BTC), untouched for over a decade. The Takeaway River’s findings suggest Bitcoin ownership is still retail-driven, but institutions are steadily accumulating supply — particularly through ETFs, corporate treasuries, and sovereign holdings. With just 5.2% left to be mined, the balance between individual and institutional dominance could shift further in coming years.$SOL
Web3 Funding Surges to $9.6B in Q2 Despite Fewer Deals
VC bets are consolidating into larger, infrastructure-focused plays. What to know#FedDovishNow Web3 startups raised $9.6B across 306 deals in Q2 2025, the second-largest quarter on record. Deal count fell to a two-year low, but median round sizes jumped across all stages. Infrastructure projects — validator liquidity, rollups, compute networks — dominated capital flows. Series A median reached $17.6M, highest in over two years; seed median hit $6.6M. Bigger Checks, Fewer Bets$BTC Despite fewer deals, Q2 marked one of the strongest funding quarters ever for Web3, according to Outlier Ventures. Only 306 deals closed — the lowest since mid-2023 — but the median deal size rose sharply, signaling investors are concentrating on high-conviction, scalable projects. Series A fundraising rebounded after a long slowdown, totaling $420M across 27 deals. Seed funding also expanded, with a $6.6M median, reflecting renewed confidence in early-stage Web3 builders Infrastructure Takes the Lead Capital flowed heavily into infrastructure projects — including validator liquidity networks, blockchain rollups, and decentralized compute. Median rounds ranged from $70M to $112M, far eclipsing consumer-facing categories like marketplaces. Token fundraising split sharply: Private sales: $410M, strongest since 2021. Public sales: $134M, down 83%, showing weaker retail appetite. Investor Outlook$XRP > “Capital is consolidating around the projects that can provide the rails for the next phase of adoption,” Outlier Ventures wrote, calling infrastructure-first bets “indispensable” for long-term Web3 growth.
XLM Declines 8% as Institutional Investors Pull Back Amid Market Uncertainty
Stellar’s fundamentals remain strong with growing corporate adoption despite sharp price swings. What to know #BNBATH900 XLM dropped 8% in 24 hours, sliding from $0.39 to $0.36. Trading volumes topped 41.89M XLM, with heavy institutional selling pressure. Late-session recovery saw XLM rebound from $0.357 to $0.361. Stellar network nears 10M accounts, adding 5,000–6,000 corporate wallets daily. Market Volatility Meets Institutional Selling Stellar’s native token XLM faced heavy selling between Aug. 28–29, falling to $0.36 in a volatile 24-hour session. Data shows more than 41.89 million tokens traded, as institutions trimmed exposure amid uncertainty in global trade policy.$XRP A sharp intraday swing saw XLM dip 1.38% in 40 minutes, before buyers stepped back in. The token recovered 1.27% in the final trading hour, closing at $0.361 after bouncing off support near $0.357. Stellar’s Fundamentals Remain Intact Despite price turbulence, Stellar Development Foundation (SDF) reported the network is approaching 10 million registered accounts. Daily wallet growth remains strong at 5,000–6,000 corporate accounts, supported by partnerships with MoneyGram and Circle for cross-border payments. > “This turbulence is sentiment-driven, not a reflection of business fundamentals,” a Stellar spokesperson said, noting that institutional buyers likely viewed the late-session dip as a buying opportunity. Technical Snapshot Resistance: $0.373 Support: $0.362 and $0.357 Final-hour volume: 2M+ XLM, suggesting institutional accumulation.$BTC
Flare Onboards Second Public Company to Its XRP DeFi Framework
Everything Blockchain Inc. joins VivoPower in using XRPFi for corporate treasury yield. What to know #BNBATH900 Everything Blockchain Inc. (OTC: EBZT) signed an MoU to adopt Flare’s XRPFi framework. The setup combines Flare’s FAssets bridge and Firelight restaking layer, enabling firms to put XRP to work in DeFi. EBZT follows VivoPower International (NASDAQ: VVPR), which committed $100M in XRP earlier this year. The move signals a growing institutional use case for XRP as a yield-bearing corporate asset.$BTC Turning XRP Into a Yield Asset Flare announced that Everything Blockchain Inc. will leverage its XRPFi framework to generate yield on corporate treasury holdings. The framework allows companies to: Convert XRP into FXRP via Flare’s trustless FAssets system. Deploy assets across staking, lending, and liquidity protocols through Firelight, Flare’s restaking layer. Historically, XRP has been viewed as a non-yielding token. Flare’s framework changes that by providing institutions a compliant, non-custodial on-chain yield solution. Growing Institutional Interest This marks the second public company adopting XRPFi, after VivoPower International pledged $100M in XRP to the ecosystem earlier in 2025. > “XRP, now a $150B asset, has been a cornerstone of digital finance for over a decade, but institutions had few ways to make it productive,” said Hugo Philion, Flare’s CEO. “With VivoPower and now Everything Blockchain, XRPFi is emerging as an institutional standard.” EBZT’s CEO Arthur Rozenberg said the move is about “unlocking the true financial utility” of digital assets by turning XRP into a yield-bearing instrument rather than a passive holding.$SOL Why It Matters While still small compared to bitcoin and ether treasury programs, two listed companies adopting Flare’s model in less than a year gives XRP a new institutional narrative — less about speculation, more about long-term yield
Bitcoin Struggles While Gold Nears New All-Time High
Diverging reactions to macro shifts highlight changing investor sentiment What to know#HEMIBinanceTGE Bitcoin slipped 0.7% Thursday, retreating to ~$111,800 after briefly topping $113,000. Gold rose nearly 1% to just under $3,500/oz, closing in on record highs. Macro tailwinds—lower interest rates and a weaker dollar—are benefiting gold but not bitcoin. Market Divergence$BTC The crypto market attempted a rally early Thursday, but steady U.S. afternoon selling pressure erased gains. Bitcoin (BTC) ended the day at roughly $111,800, down 0.7% in 24 hours. Ether (ETH) and XRP fared worse, losing 2.1% and 1.4%, respectively. Meanwhile, gold futures surged nearly 1% to trade just shy of $3,500/oz, building on weeks of steady gains. The precious metal is now within striking distance of a new all-time high. Macro Backdrop#BTCWhalesMoveToETH Investors continue to favor gold amid: Lower U.S. interest rates boosting demand for non-yielding assets. A weaker U.S. dollar increasing relative appeal for global buyers. Lingering geopolitical and trade tensions, which historically favor safe havens. While these conditions have traditionally also supported bitcoin as “digital gold”, this time the market reaction is muted. Crypto traders appear more cautious, perhaps reflecting regulatory uncertainty and profit-taking near key price levels. Looking Ahead September could bring renewed volatility as the Federal Reserve resumes rate cuts and President Trump appoints one or two dovish Fed members.$SOL For now, gold is stealing the spotlight, but with bitcoin consolidating near $112,000, any shift in risk sentiment or liquidity could spark another attempt at the upside.
U.S. Government Pushes GDP Data Onto Blockchains in Landmark Pilot
Department of Commerce tests blockchain distribution across Bitcoin, Ethereum, Solana and more What to know#USGDPDataOnChain The U.S. Department of Commerce published GDP data on nine blockchains including Bitcoin, Ethereum, Solana and TRON. Secretary of Commerce Howard Lutnick credited President Trump for advancing blockchain adoption. Exchanges like Coinbase, Gemini and Kraken supported the rollout, alongside oracles Chainlink and Pyth. Blockchain as Public Infrastructure In a historic move, the U.S. government has started experimenting with distributing key economic data directly onto public blockchains. On Thursday, the Department of Commerce released July GDP figures through a “proof of concept” initiative that broadcast the data across Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. “The U.S. is making economic truth immutable and globally accessible like never before,” said Commerce Secretary Howard Lutnick, calling the step a milestone in cementing America’s leadership in blockchain technology.$BTC Market & Policy Implications#HEMIBinanceTGE The pilot demonstrates how blockchains can serve as trusted infrastructure for sensitive economic releases. By avoiding reliance on a single chain, the Department emphasized neutrality and resilience. Major U.S. crypto exchanges and oracle networks supported the test, signaling broad industry alignment. Lutnick credited the initiative to President Donald Trump’s push for blockchain adoption, framing it as part of a wider agenda to strengthen U.S. leadership in digital finance. What’s Next The Department of Commerce said the blockchain-based release of GDP is only the beginning. Future datasets — including the jobs report and consumer price index (CPI) — could follow. If expanded, this initiative could redefine how markets access U.S. economic data, making it tamper-proof, transparent, and instantly available worldwide.$BNB
CFTC Opens Door for Crypto Firms to Re-Enter U.S. via Foreign Boards of Trade
Acting Chair Caroline Pham signals pathway for offshore firms to directly serve U.S. customers What to know #TrumpFiresFedGovernorCook The CFTC reminded crypto firms that left the U.S. they can still serve American customers by registering as Foreign Boards of Trade (FBOTs). The move is part of the agency’s “crypto sprint” to expand domestic market access. Firms don’t need to register as U.S. designated contract markets (DCMs) but must meet strict oversight requirements in their home jurisdictions.$BTC Market Impact The U.S. Commodity Futures Trading Commission (CFTC) issued an advisory Thursday, clarifying that overseas crypto firms can continue operating with U.S. customers if they register as FBOTs. “American companies that were forced offshore now have a clear path back,” said Acting Chair Caroline Pham, highlighting the advisory as another step in the CFTC’s effort to normalize crypto under U.S. regulation. Since the 1990s, FBOT registration has allowed Americans to access foreign exchanges. This framework is now being positioned as a bridge for crypto trading platforms, letting them operate without full U.S. exchange designation. Political Backdrop The advisory comes during President Trump’s push for crypto-friendly reforms. The CFTC has seen rising demand for FBOT registrations, signaling interest from firms that previously exited the U.S. market. Leadership changes are underway: Trump nominee Brian Quintenz is awaiting Senate confirmation as CFTC Chair, while Pham and Commissioner Kristin Johnson are preparing to step down. Outlook For crypto firms, the advisory removes uncertainty: Pathway back to U.S. customers without DCM status. Stricter home-country regulation still required for eligibility. Reinforces the CFTC’s role as the frontline regulator for crypto derivatives in the U.S. This move could accelerate the return of liquidity and innovation to American markets, especially as global crypto platforms weigh regulatory clarity in the U.S. against friendlier jurisdictions abroad. $ETH
V-shaped recovery and heavy accumulation drive ICP back above $5.13 Key Takeaways ICP rallied 3% in 24h, reclaiming $5.13 after a sharp rebound. Support established at $4.98 with strong accumulation (372K tokens traded). Breakout above $5.11 resistance signals buyers regaining control. Next technical target sits at $5.18, based on Fibonacci extensions. Market Recap Internet Computer Protocol (ICP) staged a strong V-shaped recovery, surging nearly 3% to $5.13 after dipping to $4.98. The decline to the $4.98–$5.00 support zone triggered a wave of accumulation, with 372,179 tokens traded—well above average volumes. Momentum shifted as buyers absorbed supply, driving ICP through key resistance at $5.11 before closing near the day’s highs. A final surge came on a 272,186-unit volume spike, reinforcing bullish sentiment. Technical Picture Trading corridor: $4.98 – $5.13 (+3%). Pattern: V-shaped recovery from early session lows. Volume: Heavy accumulation at $4.98 support. Resistance: $5.11 (breached), new target $5.18. Momentum: Strong, with upside bias intact. Outlook The breakout above $5.11 positions ICP for a potential continuation higher: Immediate support: $4.98–$5.00 Short-term resistance: $5.13–$5.18 Sustained closes above $5.13 could open room toward the $5.20 psychological barrier. With altcoins gaining traction across broader markets, ICP’s rebound highlights growing appe tite for alternative tokens beyond Bitcoin and Ethereum.
BONK Jumps 4% as Institutional Activity Signals Growing Solana Confidence
Institutional capital and Solana ecosystem growth fuel optimism for memecoin utility What to know#HEMIBinanceTGE BONK rallied 4% intraday, peaking at $0.0000218 before stabilizing near $0.0000213. Trading volumes spiked above 574B tokens, confirming strong demand during the breakout phase. Galaxy Digital, Multicoin Capital, and Jump Crypto launched a $1B Solana fund, expanding institutional support. Corporate treasury adoption grows as beverage company Safety Shot allocated $25M in BONK for financing.$SOL Market Action#SOLTreasuryFundraising BONK, the Solana-based meme token, surged 4% in 24 hours, hitting $0.0000218 before cooling to $0.0000213. The most notable move came at 19:00 UTC on Aug. 27, when BONK jumped 1.9% from $0.0000211 to $0.0000215 on a 574.8B token volume surge. Resistance held at $0.0000215, while buyers consistently defended support at $0.0000212, reflecting strong market resilience. BONK traded within an 8% intraday range, underlining its volatility profile. Institutional Flows & Ecosystem Growth Confidence in Solana continues to deepen: Galaxy Digital, Multicoin Capital, and Jump Crypto are spearheading a $1B Solana investment fund, with infrastructure support from Cantor Fitzgerald. The initiative is 150% larger than existing Solana allocations, pointing to growing liquidity for Solana-native tokens like BONK. Corporate adoption is also expanding. Safety Shot, a beverage company, allocated $25M in BONK as part of a $30M raise, marking one of the first large-scale corporate treasury deployments into a meme token.$BTC Outlook BONK’s role in the Solana ecosystem is evolving from retail speculation to institutional diversification and treasury experimentation. Support zone: $0.0000212 Resistance zone: $0.0000215–$0.0000218 Sustained volume inflows alongside Solana ecosystem funding could set the stage for a push toward $0.0000220+ if resistance breaks.
Bitcoin Outlook: Analysts Eye $150K–$160K by Year-End
Policy tailwinds, liquidity boosts and technical setups suggest BTC is primed for a fresh leg higher. What to know #BTCWhalesMoveToETH Analysts project BTC could rally to $150,000–$160,000 in H2 2025. Drivers include a Federal Reserve policy pivot, improved liquidity conditions, and positive U.S. regulatory moves. The Trump administration’s decision to allow crypto into 401(k) plans opens the door to retirement fund inflows from a $9 trillion market. A breakout in total crypto market cap could push the sector toward $5 trillion, with downside seen as limited above $4 trillion.$BTC Macro & Policy Catalysts#BTCWhalesMoveToETH Expectations of Fed rate cuts are improving liquidity conditions across risk assets, boosting BTC’s appeal. The U.S. government’s green light for crypto in retirement accounts (401(k)s) strengthens the adoption narrative, potentially unlocking massive inflows. Market Structure & Technicals BTC price projection: $150K–$160K zone in Q3–Q4 if current bullish structures hold. Crypto total market cap: Initial Q3 target at $5T, supported by broad participation across the top 150 tokens. Downside scope: Analysts see limited risk below $4T once a confirmed breakout is in place.$BTC Risks to Monitor Hotter CPI prints in coming months could temporarily weigh on markets. U.S.–China trade talks breaking down could create macro turbulence. Still, analysts expect political and economic factors will lean toward “kicking the can down the road” rather than triggering a market shock.$BNB The Signal Bitcoin and the broader crypto market appear well-positioned for another explosive leg higher into year-end. Policy support, liquidity, and adoption drivers line up with technical strength—m aking the $150K–$160K target increasingly plausible.
Hyperliquid’s HYPE Soars Above $50 as Trading Booms and Buybacks Fuel Rally
What’s Driving the Rally:#TradeWarEases HYPE surged 8% in 24 hours, reaching a fresh all-time high above $50, driven by explosive trading activity and a robust automated buyback mechanism. In August alone, on-chain perpetuals trading volume climbed to over $357 billion, generating around $105 million in fees, much of which has been funneled back to buybacks. $BTC Analysts Weigh In ByteTree analysts called Hyperliquid one of “the most compelling protocols in DeFi,” citing its structural fundamentals. Still, they flagged risks like a high current valuation and upcoming token unlock schedules. Why This Matters#TradeWarEases Supply dynamics are bullish: Auto buybacks reduce circulating HYPE, bolstering price momentum. Institutional confidence: Record trading and fee revenue indicate growing protocol adoption and depth. Market leadership: HYPE’s rally outpaces many DeFi peers, driven by both technical strength and innovation in tokenomics Takeaway Signal for Traders#FamilyOfficeCrypto HYPE is riding a powerful wave of volume and structural support. But with high valuation and vesting risks, caution is warranted. If you’re chasing momentum, watch for profit-taking zones or consolidation setups near key levels.$BNB
Finastra Taps Circle to Bring USDC Settlement to $5T Global Cross-Border Payments
In a strategic move poised to reshape international finance, Finastra—the London-based fintech powerhouse—announced today that it is integrating Circle’s USDC stablecoin into its Global PAYplus (GPP) platform. This platform already handles an astonishing $5 trillion in cross-border payments daily. What to know #BinanceHODLerDOLO Settlement with USDC: Banks using GPP can now settle transactions in USDC, even while keeping initiation and instructions in fiat currencies. Faster, cheaper transfers: This integration allows banks to bypass traditional correspondent networks, cutting costs and settlement time—while preserving compliance and FX processes. $BTC Executive Insights Chris Walters, CEO at Finastra, highlighted that this effort gives banks a seamless way to experiment with blockchain-powered settlement without building systems from scratch. Jeremy Allaire, CEO of Circle, emphasized that this collaboration merges blockchain innovation with the scale and trust of established financial infrastructure. Why This Matters This move marks a significant milestone in the mainstreaming of stablecoins, particularly USDC, as practical tools for financial institutions—not just speculative digital tokens. By embedding USDC into a system trusted by 45 of the world’s top 50 banks, the partnership underscores growing confidence in crypto-powered settlement methods. In an era where fintech giants like PayPal and Stripe are already building stablecoin capabilities, Finastra’s move highlights a broader trend: stablecoins becoming integral to real-world finance. Coinbase projects that the stablecoin market could expand from around $270 billion today to $1.2 trillion by 2028—a trend this deal directly supports. USDC itself now stands as the second-largest stablecoin, with a supply of approximately $69 billion. $BTC What to Watch Next#BinanceHODLerDOLO Will more banks adopt USDC settlement, particularly in regions underserved by correspondent banking? If successful, could this pave the way for additional stablecoins (like EURC or others) to be adopted in legacy banking rails? Could this help accelerate regulatory acceptance of stablecoins in institutional payments? TL;DR#CircleIPO Finastra + Circle = USDC settlement option for banks on a platform processing $5T/day. Faster, cheaper, and trust-aligned. A big leap for crypto’s integration into traditional banking.$BNB
If You Missed ETH at $1,400, SOL Could Be the Next Big Bet
What to know #BTCWhalesMoveToETH +7.68% in 24H → SOL hit $208.24, leading the top 20 cryptos. Analysts eye treasury demand, spot ETF hopes, and institutional validators as key drivers. Technicals show support at $193–$202 and resistance at $205–$210. Why Analysts Are Bullish$SOL Treasury Demand → Over $820M in SOL already held by corporate treasuries. ETH followed a similar path before ballooning to $20B. ETF Momentum → A spot SOL ETF approval by the U.S. SEC could unlock billions in inflows. Institutional Adoption → Staking giant Chorus One + Delphi Digital launched an institutional-grade validator.$ETH ⚠️ The Flip Side Popular trader Altcoin Sherpa warns against FOMO: > “Strong move, but rallies like this often retrace. Consider profit-taking between $205–$215.” 📈 Technical Levels#BTCWhalesMoveToETH Support: $193.92 (high-volume rebound) + $202.82 (new base). Resistance: $205.84 (repeated rejection) → breakout opens path to $210 psychological barrier. Sustained closes above $202 suggest institutional bids in play. 🔥 Bottom line: SOL has the narrative, demand, and technicals lining up. Break $210 convincingly → 🚀. Fail → risk of pullback toward $193 support.
HBAR Drops 6% Before Sharp Rebound – Institutions Buying the Dip?
What to know#MarketPullback HBAR swung -5.83% intraday between $0.242 → $0.228. Sharp Aug. 25 selloff reversed fast as 169.5M tokens traded at $0.228 — likely institutional bids. Price recovered to $0.237, showing resilience and setting up a tight consolidation range.$BTC 🔎 Technicals to Watch Support: $0.2363 → repeatedly defended, signals strong demand zone. Resistance: $0.23827 → breakout above could fuel upside momentum. Accumulation Range: $0.2363 – $0.23827 → market coiling before next move. Volume spike at $0.228 = clear sign of capitulation selling absorbed by buyers. 🗣️ Market Take 📈 “HBAR’s sharp recovery from $0.228 validates accumulation at key levels. Institutions appear to be positioning, with upside potential hinging on a resistance breakout.” HBAR looks like it’s in early accumulation mode. Break above $0.23827 = bullish continuation. Lose $0.2363 = retest of $0.228 possible.
XRP Futures Set Open Interest Record at CME, With $3.70 Eyed Next
Derivative milestone comes as spot XRP weathers sharp $2.96–$2.84 swing on 217 million volume and institutional flows step back in. What to know:#SOLTreasuryFundraising CME Group's crypto futures suite has surpassed $30 billion in notional open interest, with SOL and XRP futures each crossing $1 billion. XRP became the fastest contract to reach $1 billion in notional open interest, achieving this milestone in just over three months. Despite regulatory pressures in the U.S., corporate adoption and pilot remittance programs keep XRP in focus, with institutional flows supporting its price action.$SOL News Background CME Group said its crypto futures suite has surpassed $30 billion in notional open interest for the first time, with SOL and XRP futures each crossing $1 billion. XRP became the fastest contract to hit the milestone, doing so in just over three months. The development is viewed as a signal of market maturity and new institutional capital entering derivatives. Broader crypto markets remained firm into late August, though regulatory overhang in the U.S. has continued to pressure XRP relative to peers. Corporate adoption trends and pilot remittance programs keep XRP in focus for treasury desks, even as volatility spikes test investor conviction. Price Action Summary XRP traded through a 5% range between $2.98 and $2.84 in the 24-hour session ending August 26 at 14:00. The steepest move occurred on August 25 during evening hours, when XRP dropped from $2.96 to $2.84 on 217.58 million tokens — triple its 72.45 million daily average.$SOL The token rebounded to $2.92, with the $2.84 level emerging as critical support as institutional flows stepped in. In the final hour of trading, XRP rose 0.7% from $2.90 to $2.92 on more than 5.7 million volume, signaling fresh corporate and fund participation. Technical Analysis#SOLTreasuryFundraising Support confirmed at $2.84 with high-volume absorption of sell pressure. Resistance remains at $2.94–$2.95, with repeated profit-taking capping upside attempts. RSI climbed from oversold 42 back into mid-50s, suggesting stabilizing momentum. MACD histogram tightening, indicative of potential bullish crossover in coming sessions. Weekly momentum divergence patterns point to compressed volatility, setting up for a directional breakout. Order books show concentrated institutional bids above $3.60, signaling strategic positioning ahead of regulatory catalysts. What Traders Are Watching Bulls see $3.70 as the next upside target if $2.90–$2.92 base holds. Bears flag $2.80 as the downside trigger, with a break below support likely to accelerate losses. Derivatives flows now dominate the backdrop: CME’s $1B open interest in XRP futures will be a key barometer of institutional conviction.
Crypto Markets Today: Bitcoin Price Remains Under Pressure
The prospects of sustained recovery appear bleak as on-chain activity points to weak network adoption. What to know:#BTCWhalesMoveToETH Bitcoin's price has rebounded slightly, but remains under pressure due to weak network adoption and bearish market indicators. Leveraged crypto bulls faced significant losses with $940 million in futures liquidations, predominantly from long positions. The NFT market also experienced a downturn, with blue-chip collections like Pudgy Penguins and Bored Ape Yacht Club seeing steep declines. CryptoPunks remained relatively stable. Bitcoin BTC $110,741.68 has bounced from early Asian-session lows near $108,760 to over $110,000, but the prospects of sustained recovery appear bleak as on-chain activity points to weak network adoption. "The price momentum is weakening with the RSI close to the oversold zone and a bearish MACD," said Timothy Misir, head of research, BRN. "The Spot CVD at –$199 million shows that sellers are in control with spot volume signaling a lack of demand bid. Conversely, Daily Active Addresses fell to 692K (below the low band), signaling weaker network participation." Leveraged crypto bulls have been burned, with futures bets worth $940 million liquidated in the past 24 hours. More than $800 million were long positions betting on price gains. Ether alone accounted for $320 million in liquidations. Still, overall open interest (OI) in BTC remains elevated near lifetime highs above 740K BTC. In ether's case, the OI has pulled back to 14 million ETH from 14.60 million ETH. OI in SOL, XRP, DOGE, ADA, and LINK also dropped in the past 24 hours, indicating net capital outflows. Despite the price volatility, funding rates for most major tokens, excluding SHIB, ADA and SOL, remains positive to suggest dominance of bullish long positions. OI in the CME-listed standard BTC futures has fallen back to 137.3K from 145.2K, reversing the minor bounce from early this month. It shows that institutional interest in trading these regulated derivatives remains low. OI in options, however, has continued to increase, reaching its highest since late May, CME's ether futures OI remains elevated at 2.05 million ETH, just shy of the record 2.15 million ETH on Aug. 22. Meanwhile, OI in ether options is now at its highest since September last year. On Deribit, the impending multibillion-dollar expiry on Friday shows a bias towards BTC puts, indicative of concerns prices are set to drop further. The impending ether expiry paints a more balanced picture. Flows on the OTC desk at Paradigm have been mixed, featuring strategies such as outright put buying and put spreads in BTC, as well as calls and risk reversals in ETH. Token Talk#BTCWhalesMoveToETH Blue-chip NFT collections faced steep weekly losses as ether (ETH) pulled back from record highs, wiping more than 10% off the value of most top projects. Pudgy Penguins, the leading collection by trading volume, dropped 17% to a 10.32 ETH floor, showing that even the sector’s strongest liquidity magnet couldn’t escape the downturn. Bored Ape Yacht Club (BAYC) lost 14.7% to 9.59 ETH, while Doodles recorded one of the sharpest corrections, falling 18.9% to 0.73 ETH.$ETH Secondary projects also slumped: Moonbirds fell 10.5%, and Lil Pudgys shed 14.6%, reflecting how price pressure cascaded across both flagship and derivative collections. CryptoPunks proved most resilient, losing just 1.35% over the week, underscoring its status as the market’s defensive benchmark when risk appetite collapses. Despite lower floors, trading activity stayed high. Pudgy Penguins saw 2,112 ETH ($9.36 million) in weekly volume, followed by Moonbirds (1,979 ETH), CryptoPunks (1,879 ETH), and BAYC (809 ETH). Overall NFT market capitalization shrank nearly 5% to $7.7 billion, down from a $9.3 billion peak on Aug. 13. The $1.6 billion drawdown highlights how quickly capital flees when ETH slumps. The sharp contrast between resilient CryptoPunks and sliding newer collections strengthens its appeal as a collateral asset. Its liquidity holds up even as broader NFT floors collapse. For investors, the sell-off signals that NFT blue chips remain high-beta ETH proxies, with only legacy projects like CryptoPunks showing the defensive value that makes them the safer long-term institutional bet.$ETH
The Setup#BNBATH900 ETH breaks record high at $4,946 ✅ But DeFi TVL stalls at $91B (vs $108B peak in Nov 2021). In ETH terms, locked tokens fall to 21M, lowest since last bull cycle. 🔎 What’s Driving the Divergence? Institutional inflows & ETFs: Assets in ETH products surged from $8B in Jan → $28B now. Retail DeFi participation muted: DEX + perps volumes steady but not near past highs. Layer 2 shift: Base ($4.7B TVL), Arbitrum, Optimism soaking up liquidity. Capital efficiency: Liquid staking (Lido) concentrates liquidity → less raw TVL.$ETH 🗣️ Expert Take > “Despite ETH reaching new highs, its TVL remains below past records due to efficiency gains, competing chains, and weak retail activity. A real TVL revival needs retail DeFi back, stronger Ethereum-native yields, and slower capital migration.” — Nick Ruck, LVRG Research ⚖️ Why It Matters Last cycle: TVL = growth metric (DeFi Summer → ETH rally). This cycle: ETH price = macro + institutions, not grassroots DeFi. ⚠️ Risk: ETH may be riding “thinner foundations” if on-chain use doesn’t catch up. 🔥 Bottom line:#BTCWhalesMoveToETH ETH is pumping like a macro asset, not a DeFi engine. Bulls need retail DeFi revival to sustain momentum.
Crypto’s U.S. Policy Push Faces Roadblock from Senator Warner
What to know #FamilyOfficeCrypto Sen. Mark Warner (D-VA) — senior member of the Senate Banking Committee — is pushing back on software developer protections in the pending crypto market structure bill. Without agreement, the sector’s top lobbying priority may stall as Congress returns next week. 🔑 Why It Matters The bill is designed to set clear rules for U.S. crypto markets, seen as critical for institutional adoption + investor confidence. Warner, a longtime national security hawk, cites hacks, DeFi risks, terrorist financing & money laundering as reasons to resist broad protections for developers. He previously pushed measures to apply bank-style AML rules to DeFi and sanction “foreign digital asset facilitators” tied to terrorism.$BTC 🏛️ Political Dynamics Republicans want to fast-track the bill, following the House’s broad bipartisan approval. Warner and other Democrats could slow momentum over AML and security concerns. Ironically, Warner holds an “A” rating from Stand With Crypto for prior support. ⚖️ The Stakes#CryptoRally This legislation is viewed as the lynchpin for U.S. digital asset regulation — a framework that could unlock new institutional flows and retail adoption. But Warner’s opposition signals that AML/security tradeoffs will dominate the Senate fight. 🔥 The big question: Will crypto-friendly Republicans and cautious Democrats bridge their divide, or will Warner’s stance delay the bill that could reshape U.S. markets?
Bitcoin Miner Hut 8 Surges 10% on 1.5GW Expansion Plans
Hut 8 (HUT) stock jumped 10%+ to a 7-month high near $26, after announcing four new U.S. sites that will add 1.5 GW of power capacity. What to know #BTCWhalesMoveToETH Expansion boosts total capacity to 2.5 GW across 19 sites. Projects upgraded from “exclusivity” → “development” (land + power deals secured). Financing:$BTC 10K BTC stash (~$1.1B) $200M credit line $130M Coinbase facility $1B equity raise 🚀 Why It Matters Demand for AI + high-performance computing driving investor interest in data center firms. Follows Google’s $3.2B AI infra deal with TeraWulf. Roth Capital: expansion could “materially re-rate the stock” as contracts roll in. 🗣️ CEO Asher Genoot:#BTCWhalesMoveToETH “This expansion marks a defining step in Hut 8’s evolution into one of the largest energy and digital infrastructure platforms in the world.” ⚡ AI + Bitcoin mining convergence is heating up. Hut 8 positioning itself as a crypto + AI infra giant.