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World Liberty Trust received preliminary OCC approval to organize a national trust bank focused on USD1 issuance and institutional custody.
The proposed bank would replace BitGo as USD1’s exclusive issuer and institutional custodian under federal OCC supervision.
WLTC will not seek FDIC insurance, a Federal Reserve master account or status as a bank under the Bank Holding Company Act.
World Liberty Trust received preliminary conditional approval from the U.S. OCC to organize a national trust bank for USD1 operations. The proposed bank would issue and redeem USD1, manage its reserves, and provide digital asset custody for institutional clients under federal supervision.
https://twitter.com/ZachWitkoff/status/2088368684548948193?s=20
USD1 Issuance And Custody Move Under One Entity
The approval allows World Liberty Trust Company, National Association, to proceed through the remaining chartering steps. However, WLTC must satisfy OCC conditions and complete preopening requirements before starting operations.
World Liberty Financial said WLTC would replace BitGo as the exclusive USD1 issuer and custodian for institutional clients. The company also plans to offer digital asset custody services to institutional customers nationwide.
According to Zach Witkoff, World Liberty Financial’s co-founder and CEO, the company received conditional approval to organize WLTC. He said the bank would issue USD1 and provide custody under OCC supervision.
USD1 has more than $4 billion in circulation, according to World Liberty Financial. The stablecoin’s reserves include U.S. dollars held at financial institutions, government money market funds, and cash equivalents.
The company said WLTC would use segregated customer assets, independent reserve management, and AML and sanctions screening. It would also undergo regular OCC examinations after opening.
Five-Member Board To Oversee Proposed National Trust Bank
WLTC will have a five-member board led by Zach Witkoff as chair. Scott Alper, president and chief investment officer of Witkoff Group, will also serve on the board.
Robert Witkoff, a former co-chief investment officer at The Chubb Corporation, will join the board. Jeffrey Weiner, former chairman and CEO of Marcum LLP, will serve as an independent director.
Erin Baskett, a FINRA Board of Governors member and Sine Qua Non Capital founder, will also serve independently. Mack McCain will become chief trust officer, while Daniel Dietzel will serve as chief financial officer.
World Liberty Trust does not plan to become a federally insured depository institution. It also does not plan to seek a Federal Reserve master account or become a bank under the Bank Holding Company Act.
USD1 is available through Binance, Coinbase, Kraken, Bybit, OKX, Bitget, Gate, KuCoin, Crypto.com, and MEXC. It is also available through decentralized exchanges including Uniswap and PancakeSwap.
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DOGE’s monthly chart shows an inverted hammer, TD Sequential buy signal and developing doji similar to its August 2022 setup.
Large holders accumulated more than 430 million DOGE over the past week as the token traded near $0.0700.
A sustained break above $0.0813 could expose DOGE to the next resistance near $0.177, according to Ali Charts.
Dogecoin is showing a monthly setup that analyst Ali Charts says resembles August 2022 before a 145% rally. The analyst cited a Tom DeMark Sequential buy signal, an inverted hammer, and a developing doji candle. He also reported that large holders accumulated more than 430 million DOGE over the past week.
Dogecoin Forms Pattern Seen Before 145% Rally
Ali Charts said the monthly chart flashed the TD buy signal last month. He compared the current structure with August 2022, when DOGE formed an inverted hammer and TD buy signal. A doji candle followed that setup in 2022, before DOGE recorded a 145% monthly rally.
The current monthly chart has also developed an inverted hammer, TD buy signal, and developing doji. However, Ali Charts did not state that the same price move would occur again. He said the pattern could precede a significant move if the earlier sequence repeats.
Whale Accumulation Adds to the Technical Setup
The analyst also pointed to activity among large DOGE holders. According to Ali Charts, whales accumulated more than 430 million DOGE during the past week. That buying came as DOGE traded between roughly $0.0680 and $0.0725 from August 4 through August 16.
Source: Coinglass
Spot flow data, however, showed mixed movement during the same period. The largest outflow appeared around August 7, reaching about $5.2 million. Other major outflows approached $3.5 million around August 6 and August 14.
By comparison, the strongest inflow reached roughly $2.5 million around August 11. DOGE climbed toward $0.0725 during that move before falling back toward $0.0700.
$0.0813 Remains the Main Resistance Level
Ali Charts identified $0.0813 as the key resistance area, where more than 30 billion DOGE were previously transacted. He said a sustained close above that level could open the next resistance near $0.177.
Meanwhile, spot flows weakened on August 15 and 16, with bars moving close to zero. DOGE traded around $0.0697-$0.0700 as flow pressure eased. The chart shows $0.0700 as a psychological pivot, with $0.0710 and $0.0720-$0.0725 above it. Below, $0.0690 and $0.0680 mark the next levels cited by the chart.
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A whale transferred 984,550 LINK worth $9.23 million to Coinbase after accumulating 2.41 million LINK from Binance.
LINK climbed above its 50-day and 200-day moving averages at $8.71 and $8.44, strengthening its technical setup.
LINK faces resistance near $9.40-$9.50, while $8.71 and $8.44 remain key support levels for the current recovery.
Chainlink is facing fresh whale activity as LINK trades near $9.39 after breaking above key moving averages. Onchain Lens reported that a whale sent 984,550 LINK worth about $9.23 million to Coinbase. The transfer came after the whale accumulated about 2.41 million LINK from Binance over the past month.
Whale Sends Nearly 1M LINK to Coinbase
The whale still holds about 1.43 million LINK, valued near $13.43 million. Onchain Lens estimates the remaining holdings carry an unrealized profit of about $1.42 million. Meanwhile, Michael van de Poppe said LINK has moved above its moving averages on the higher timeframe.
He also pointed to large bullish divergences on the asset. According to van de Poppe, the move could mark an end to LINK’s four-year downtrend. However, he said traders should avoid chasing the current move.
His first scenario involves Bitcoin making a slight low sweep without falling sharply toward $61,000. Under that scenario, he expects LINK could trade below $9.20 before moving toward $11.
LINK Breaks Above Key Moving Averages
The chart shows LINK trading around $9.392 on August 16. Price recently climbed from the $8.20-$8.50 area and moved above the 50-day and 200-day moving averages. The 50-day average is at $8.71, while the 200-day average is at $8.44.
Source: Santiment
Both averages have started turning higher, according to the chart. However, LINK previously fell from nearly $10.90 in early May toward $7.20-$7.30 in June. Price later formed higher lows before breaking above $8.70.
Network Activity Remains Below May Peak
Daily active addresses have fallen sharply from an early May spike near 284,000. The latest reading stands around 1,346, despite LINK’s recent price recovery. Van de Poppe also outlined a second scenario if broader markets move lower.
He said he would watch below $8.60 for potential LINK trades toward $11. The chart places support at $8.71 and $8.44, followed by $8.00-$8.20. Resistance is around $9.40-$9.50, then $10.00 and $10.45-$10.90.
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Daily new Ethereum addresses rose from 121,210 to 212,560 between August 8 and August 16, signaling stronger network activity.
A whale moved 884.55 ETH worth about $1.66 million to two new wallets after swapping 493.02 ETH for USDT.
ETH holds above $1,860 support, while $1,920-$1,960 remains the key resistance zone for a potential recovery.
Ethereum network activity has jumped while ETH trades near $1,880, with fresh addresses rising and a whale moving coins. Ali Charts reported daily new ETH addresses climbed from 121,210 on August 8 to 212,560 today. Meanwhile, Onchain Lens tracked 884.55 ETH moved to two fresh wallets over the last day.
Ethereum Addresses Rise Sharply
According to Ali Charts, Ethereum recorded 212,560 new daily addresses today. That compares with 121,210 addresses on August 8, an increase of 91,350 addresses. Ali Charts described network growth as a strong on-chain measure of user adoption.
The analyst also noted sustained increases have historically come before major price rallies. However, the activity increase comes as ETH remains below recent highs. The four-hour chart shows ETH at $1,879.47, with the latest candle up 0.01%.
Whale Moves 884.55 ETH
Onchain Lens reported that a mysterious whale moved 884.55 ETH to two fresh wallets over the last day. The transfer was worth about $1.66 million. Before those transfers, the whale swapped 493.02 ETH for 928.57K USDT through CoW Protocol.
The swap involved about $927,000 in ETH. The provided data does not identify the whale or explain its reason for moving the funds. Meanwhile, ETH has remained within a narrow range after its recent retreat.
ETH Holds Above $1,860 Support
ETH moved from roughly $1,760-$1,800 toward a peak near $1,960. It later retreated and entered a range around $1,870-$1,900. The four-hour structure shows weaker momentum after ETH reached about $1,920-$1,930 between August 7 and 10.
Source: TradingView
Price then fell toward $1,860-$1,870 before stabilizing in smaller candles. The RSI is at 46.49, below its 47.09 moving average and neutral 50 level. It remains above 40, while the MACD line sits above its signal line but below zero.
Support is around $1,860-$1,840, followed by $1,800. Resistance appears near $1,900, then $1,920-$1,960. A break above $1,920 could target $1,960, while a move below $1,840 could expose $1,800.
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Binance will stop processing HTX deposits and withdrawals for UK and EU users from August 23 under sanctions compliance measures.
Justin Sun said HTX does not operate in the UK or EU and is negotiating settlements with regulators in both regions.
HTX’s ETH order book has thinned ahead of the deadline, reducing visible liquidity for larger trades on the exchange.
Justin Sun said Binance’s planned HTX restrictions apply only to UK and EU users after the exchange announced transfer limits. Binance will stop processing HTX deposits and withdrawals from August 23, 2026, under sanctions compliance measures. Sun said HTX does not operate in either region and is negotiating settlements with regulators there.
Sun Addresses Binance Restrictions
Sun said he spoke with Binance about the restrictions involving HTX and other platforms. According to Sun, Binance confirmed that the measures concern its UK and EU users.
HTX does not conduct business in the UK or EU, Sun said. He added that settlement talks with regulators in both regions remain underway. Users affected during the negotiations can contact HTX customer support, according to Sun. HTX will then coordinate a resolution for those users.
The clarification followed Binance’s announcement that it would stop processing HTX transactions from August 23. The measure also covers deposits and withdrawals involving 10 other platforms.
Binance Cites Sanctions Compliance
Binance’s restrictions include platforms such as Rapira and EXMO. The list contains 11 platforms affected by the planned restrictions. The action follows expanded UK and EU sanctions tied to Russia.
The measures also relate to the European Union’s 21st Russia sanctions package. Regulatory reviews involving HTX began in May 2026. UK regulators raised concerns about HTX’s affiliations during that period.
However, no blanket transfer ban had taken effect as of August 14. Binance’s announced restrictions remain scheduled for August 23.
HTX Trading Book Shows Less Liquidity
HTX’s ETH order book has thinned as the Binance deadline approaches. The change has reduced the number of visible buy and sell orders around current prices. The thinner book affects the amount of liquidity available for larger ETH trades on HTX.
Binance’s restrictions will also limit transfer routes between the two exchanges for affected users. Meanwhile, OKX, Bybit and Bitget have adjusted compliance policies since May. HTX, formerly known as Huobi, has faced regulatory scrutiny involving Sun and Russia-related sanctions.
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Bitcoin’s support floor has thinned as June buy orders disappear, leaving price between $63,000 and the $68,700 holder cost basis.
Apparent demand improved from -272,000 BTC to -32,000 BTC, but remained negative and below strong accumulation levels.
Seller exhaustion has increased, while weak spot volume and continued exchange inflows show Bitcoin demand remains limited.
Bitcoin’s support base has weakened as buy orders beneath price drain away, while demand remains negative despite improving. Glassnode reported a thinner floor beneath Bitcoin after heavy June bids began disappearing. Meanwhile, Darfost said apparent demand improved sharply from June levels but remained negative, leaving Bitcoin between key cost-basis levels.
Bitcoin Support Weakens Below Price
Glassnode said the heavy wall of buy orders built below Bitcoin in June has started to drain. The remaining support now forms a much thinner floor beneath the market. Price remains between the Median Realized Price at $63,000 and Short-Term Holder Cost Basis at $68,700.
Glassnode also identified $58,500 as a level below the current range. Notably, Bitcoin has traded within this cost-basis pocket for nearly three months. The 50-day and 200-day levels were not provided in the supplied data.
The market also recorded its lowest spot volume since 2019. Glassnode said exchange activity has continued falling, with Binance excluded figures also nearing 2023 bear-market lows.
Sellers Tire While Buyers Remain Limited
Glassnode reported supply in profit near previous bear-market floor territory. Its Seller Exhaustion Constant also reached a cycle low, although prior floor levels remained deeper. Adjusted SOPR has repeatedly failed to hold above 1.0 since October’s peak.
Glassnode counted nine recovery attempts that ended with sellers exiting around break-even. Meanwhile, ETF flows have turned positive since late July. However, Glassnode said those inflows remain small compared with earlier accumulation periods.
Exchange Net Position Change also remains in inflow territory. Coins have continued moving toward exchanges, although the pace has declined from early June levels.
Demand Improves But Stays Negative
Darfost reported apparent demand at -32,000 BTC, improving from -272,000 BTC when Bitcoin entered its consolidation range in early June. However, the metric remains negative and has not reached a level that Darfost considers strong enough.
Similar patterns appeared in February and May before demand declined again. Darfost also linked the change to lower average issuance following a decline in hashrate. Apparent demand compares new BTC issuance with supply inactive for more than one year.
The measure therefore tracks whether accumulation can absorb newly created Bitcoin supply. Current data show improvement, but demand remains below zero.
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XRP price continues to hover near the $1 support level, with bulls awaiting a prolonged bull run that could push them to a desired $1.40 target.
The developing double bottom remains valid above $1.00, but confirmation requires stronger buying and a decisive neckline recovery.
XRP derivatives remain active across exchanges, with open interest concentrated while trading volumes vary widely between platforms.
XRP price is approaching a critical technical crossroads, with support holding while traders watch for confirmation of a potential four-hour reversal.
Double Bottom Develops Around Key Support
The four-hour XRP/USDT chart shows two lows forming around the $1.00 area. These lows follow a prolonged decline from significantly higher levels. Buyers have repeatedly responded when price approached this psychological support.
Source: cryptowithgopal via X
The first bottom formed after a sharp move toward approximately $1.00. Price then rebounded toward the $1.18 region before sellers returned. That recovery created the central peak separating both potential lows.
The second bottom has now developed close to the first. Such symmetry gives the developing structure characteristics of a double-bottom pattern. However, the formation remains incomplete without a confirmed neckline breakout.
In the accompanying post, Crypto With Gopal identifies this double bottom. According to the post, the $1.00–$1.02 support zone is being defended by the buyers. It also singles out $1.18 as the neckline and $1.40 as the estimated target.
$1.18 Neckline Controls the Bullish Setup
The $1.18 region represents the most important resistance on the displayed structure. Price previously approached this area before sellers regained control. Therefore, another test would place the pattern directly against its confirmation level.
If it breaks the $1.18 level in an upward direction, it will confirm the bullish reversal pattern. Such a breakout would remove the resistance between the two lows. It would also weaken the descending trendline currently restricting recovery attempts.
The chart projects a potential move toward approximately $1.40 after confirmation. That target remains above the neckline by a considerable margin. Consequently, price would need sustained momentum after clearing $1.18.
Meanwhile, the $1.00–$1.02 zone remains the immediate defensive area. Holding this region keeps the double-bottom structure technically intact. A decisive break below $1.00 would weaken that interpretation considerably.
Derivatives Show Broad XRP Market Participation
XRP derivatives activity remains spread across numerous cryptocurrency exchanges. Binance shows approximately $457.08 million in displayed open interest. KuCoin follows with about $411.66 million, while Bybit records roughly $281.62 million.
MEXC holds approximately $235.56 million in open interest. Hyperliquid and OKX show around $111.82 million and $102.79 million respectively. These figures indicate substantial active positioning across multiple venues.
Volume rankings differ noticeably from open-interest rankings. MEXC leads the displayed volume figures at approximately $376.84 million. OKX follows with around $116.77 million, while several other exchanges report smaller totals.
The futures trade-count data adds another layer to market activity. LBank records approximately 778,380 trades, leading the displayed exchanges. Meanwhile, XRP trades near $1, keeping support and resistance tightly defined.
The displayed spot data places XRP around $1.00, down approximately 0.56% daily. Intraday trading has remained compressed between roughly $1.00 and $1.012. This narrow range shows limited directional follow-through so far.
For bulls, defending $1.00 remains essential for maintaining the current structure. A move through $1.18 would provide stronger confirmation of reversal. Until then, XRP remains between established support and significant overhead resistance.
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XRP network activity reached a two-month high with 49,929 active addresses recorded over a 24-hour period.
Three-month average XRP whale inflows to Binance fell to their lowest level since 2021, signaling weaker selling pressure.
XRP remains below its 50-day and 200-day moving averages, with $1 as support and $1.07-$1.10 as a key recovery zone.
XRP is testing the $1 level as market negativity reaches a three-month extreme, while network activity rises. Santiment Intelligence reported 49,929 active addresses over 24 hours, the highest level in more than two months. Meanwhile, Darkforst said three-month average XRP whale inflows to Binance fell to their lowest level since 2021.
Network Activity Rises
Santiment said XRP commentary turned increasingly bearish across X, Reddit, Telegram, and other crypto channels this week. The shift came as XRP failed to rally and its market value fell below $1.
However, XRP Ledger activity increased sharply after earlier July levels approached 2026 lows. Santiment recorded 49,929 active addresses during one 24-hour period. The supplied chart also shows daily active addresses near 20.4K, while holders rose steadily to about 8.05 million.
Binance Whale Inflows Fall
Darkforst reported that XRP whale inflows to Binance fell to $61 million on the latest reading. The figure uses a three-month average to track the trend. For comparison, whale inflows reached $456 million in January 2025 and $355 million in October.
Current inflows are six to eight times below those earlier levels. Despite lower inflows, netflows remain positive at about $18.8 million. Darkforst said inflows still exceed outflows on Binance.
The analyst also noted declining inflows and volumes across the market. Darkforst described the pattern as sell-side exhaustion while demand has yet to increase.
XRP Remains Below Key Averages
The chart shows XRP at about $1.001 on August 15, after a medium-term decline from February. XRP traded mainly between $1.35 and $1.55 before the decline accelerated in late May and June.
Source: Santiment
Price then moved toward $1.05 to $1.10, forming lower highs and lower lows. The 50-day moving average is near $1.02, while the 200-day average is around $1.07. XRP remains below both averages, while the 50-day average also sits below the 200-day average.
The $1 level is immediate psychological support. The chart places resistance near $1.02, $1.07, and $1.10 to $1.18. It identifies $1.07 to $1.10 as the key recovery zone.
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Cboe filed for six leveraged ETFs, including 3x Bitcoin and Ether funds sponsored by Volatility Shares.
The proposed funds would use CME Bitcoin and Ether futures rather than holding the underlying assets directly.
The ETFs would reset exposure daily, meaning the 3x target applies to daily performance rather than longer-term returns.
Cboe BZX Exchange has asked the U.S. Securities and Exchange Commission to approve six leveraged ETFs, including 3x Bitcoin and Ether funds. The exchange filed the proposal on August 10, while the SEC published its notice August 14. The proposed crypto funds would seek three times the daily performance of Bitcoin and Ether through futures.
Cboe Seeks Approval for Leveraged Crypto Funds
According to the filing, Volatility Shares LLC would sponsor the six funds through the VS Trust. The lineup includes 3x Bitcoin, Ether, Gold, Silver, Crude Oil and Natural Gas ETFs.
The Bitcoin fund would primarily use CME Bitcoin futures, while the Ether fund would primarily use CME Ether futures. Neither fund would directly hold Bitcoin or Ether under the proposed structure.
Each fund would use futures, with cash and cash equivalents as collateral. However, separate SEC approval is required because leveraged products fall outside Cboe's generic listing standards.
Proposed Funds Would Reset Exposure Daily
The funds would operate as commodity pools rather than traditional investment companies under the 1940 Act. Their sponsor would face oversight from the Commodity Futures Trading Commission and National Futures Association.
The products would reset exposure daily. Therefore, the 3x target applies to one trading day, not cumulative returns over longer periods. Investors would create and redeem shares through cash transactions involving Creation Units.
Each unit would generally contain 10,000 shares. The funds would calculate net asset value daily and publish indicative values every 15 seconds. Cboe cited regulated futures markets and existing surveillance arrangements in the filing.
SEC Review Begins After August Filing
The SEC's August 14 notice starts the review process but does not approve the proposed ETFs. The commission will seek public comments after Federal Register publication. The SEC generally has 45 days to act initially. However, the review can extend to 90 days.
Cboe said it had not received comments before submitting the proposal. Meanwhile, Volatility Shares already offers 2x Bitcoin and Ether strategy ETFs in the U.S. LeverageShares launched 3x and negative 3x Bitcoin and Ether ETFs in Europe last year.
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Galaxy Research lowered its CLARITY Act passage estimate to 10% for 2026 due to Senate disputes and limited legislative time.
The Senate will return September 14 for a short session, leaving lawmakers limited time to resolve ethics and developer protection issues.
The SEC and CFTC may advance regulatory measures independently as CLARITY Act negotiations remain stalled after the August recess.
Galaxy Research has cut its estimate for CLARITY Act passage in 2026 to 10%. The firm cited unresolved Senate disputes, limited time after recess, and stalled negotiations. Meanwhile, the SEC and CFTC are moving on regulatory measures as the market structure bill remains pending in Washington.
https://twitter.com/WuBlockchain/status/2088481472462102895?s=20
Senate Delays Keep CLARITY Act in Doubt
According to Galaxy Research, Senate Majority Leader John Thune did not call a CLARITY Act vote before recess began August 7. He later noticed the first vote for when lawmakers return in mid-September.
However, Galaxy said the September session will last only about two to three weeks. The chamber reconvenes September 14 and plans to adjourn October 2. Galaxy identified several disputes that slowed negotiations.
These include ethics rules for government officials, pressure from community banks, and changes to developer protections. A bipartisan Senate group sent an ethics proposal to the White House on July 30. Galaxy said the White House has not publicly responded.
SEC Weighs Crypto Exemptions as Bill Stalls
The SEC had planned two regulatory exemptions, according to Galaxy Research. Reg Crypto would create a pathway for public cryptoasset issuance. The Innovation Exemption would permit secondary trading of tokenized securities through decentralized finance.
However, the agency delayed both measures after earlier plans to publish them. Galaxy said the SEC may now move ahead as CLARITY Act negotiations remain unresolved. The firm also noted Commissioner Hester Peirce plans to leave the SEC in November.
Meanwhile, the CFTC has moved to defend its authority over prediction market contracts. This week, the agency issued an emergency order targeting New York Attorney General Letitia James' effort against Kalshi.
Agencies Move While Congress Works on CLARITY
Galaxy said agency action could provide temporary regulatory coverage while Congress considers legislation. However, administrative measures lack the durability of a law passed by Congress.
The firm expects the SEC to publish Reg Crypto, the Innovation Exemption, or both within weeks or several months. Alex Thorn, Galaxy's head of firmwide research, authored the report. The CLARITY Act remains scheduled for Senate consideration after the August recess.
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SHIB burns fell 73.89% over 24 hours, with just 3.64 million tokens removed during the period.
SHIB recovered 3.17% to around $0.00000457 as RSI moved above 50, signaling improving short-term momentum.
The $0.00000430-$0.00000440 zone remains key support, while $0.00000500 represents immediate resistance for SHIB.
Shiba Inu burn activity has slowed as SHIB rebounds toward $0.00000457. According to Shibburn, 218,192 SHIB worth about $1 was removed through one transaction during the latest hour. Meanwhile, SHIB gained 3.17% over 24 hours, while its market capitalization reached $2.69 billion.
SHIB Burn Activity Drops Across Key Periods
Shibburn reported 3.64 million SHIB burned during the past 24 hours. That figure represents a 73.89% decline in burn activity over the period. Weekly activity also fell, with 38.28 million SHIB removed over seven days.
Source: Shibburn
Shibburn recorded a 23.66% decrease for that period. The latest hourly burn involved just one transaction. Meanwhile, SHIB's circulating supply stood at 585.65 trillion tokens. Total supply remained at 589.16 trillion SHIB.
The token ranked No. 35 by market capitalization, according to the reported figures. SHIB traded around $0.00000457, while 24-hour trading volume reached $85.33 million. The token's market capitalization increased 3.14% over 24 hours.
SHIB Rebounds From August Support Zone
Price action shows SHIB falling toward $0.00000430-$0.00000440 between August 12 and 14. The decline followed repeated failures around the $0.00000500 area earlier in August. However, SHIB has since recovered toward $0.00000457.
Source: Santiment
The move follows a broader consolidation period after late-July volatility. SHIB surged above $0.00000550 around July 25-27 before retreating sharply. It then spent much of the following period moving within a wider range.
The $0.00000430-$0.00000440 area currently represents immediate support. Meanwhile, $0.00000500 remains the key resistance level.
RSI and MACD Show Improving Momentum
The 14-period RSI currently stands at 53.26, above its average near 48.74. RSI has also moved above the neutral 50 level without reaching the 70 overbought threshold. The MACD has turned mildly positive as well.
Its histogram stands near 0.00000002, while MACD and signal readings are near 0.00000001 and -0.00000001. Volume currently stands around 381.52 million SHIB. Stronger volume accompanied the late-July breakout and the latest rebound.
A sustained move above $0.00000500 with stronger volume could expose $0.00000550-$0.00000570. Conversely, a drop below $0.00000430 could expose SHIB to another decline.
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President Trump will meet crypto, prediction market and traditional finance executives at the White House on August 19.
SEC Chairman Paul Atkins and CFTC Acting Chairman Michael Selig are expected alongside leaders from Coinbase, Ripple, Chainlink and Kraken.
The summit comes one day before the CFTC’s first Innovation Advisory Committee meeting and amid CLARITY Act negotiations.
President Donald Trump will attend a White House crypto summit Wednesday, August 19, with SEC Chairman Paul Atkins and CFTC Acting Chairman Michael Selig. Executives from Coinbase, Ripple, a16z, Chainlink, Paradigm, Kalshi, Kraken, Gemini, NYSE and Nasdaq are expected. The meeting will bring crypto, prediction market and traditional finance leaders together in Washington.
https://twitter.com/EleanorTerrett/status/2088379540431130795?s=20
Crypto Executives Set to Join White House Meeting
According to Politico, the White House plans to host the event one day before the CFTC’s Innovation Advisory Committee meeting. The White House had not confirmed the attendee list when Politico reported the plans.
However, people familiar with the plans told Semafor that several executives are expected Wednesday. Those names include Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse and executives from a16z and Chainlink.
Kalshi and Paradigm executives are also expected at the White House. Paradigm has backed Kalshi, while Digital Chamber representatives are also expected to attend.
Kraken, Gemini, the New York Stock Exchange and Nasdaq also received invitations, according to people familiar with the meeting. Some attendees remained unconfirmed, and it was unclear whether every expected participant would appear.
The event was initially planned as part of preparations for the CFTC committee’s first meeting. Organizers had earlier hoped to hold that meeting at the White House during the summer.
CFTC Committee Meeting Follows White House Event
The CFTC will hold its first Innovation Advisory Committee meeting Thursday, August 20. The 35-member panel includes executives from cryptocurrency, prediction market, finance and other industries.
Coinbase, Robinhood, Kalshi and Polymarket CEOs are expected to participate in the CFTC meeting. The gathering will follow the White House event by one day. The White House meeting also comes as the Senate considers the Clarity Act.
The bill remains pending and is expected to return before lawmakers after the August recess. According to Politico, Senate lawmakers are set to take up the legislation next month. The White House event and CFTC meeting will therefore occur within two days of each other.
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ICP remains trapped inside a long-term descending channel, with $2.14 support and $2.20 resistance defining immediate price direction.
A move above $2.34 could improve the recovery structure, while rejection may preserve the broader bearish Elliott Wave setup.
The projected $1.00-$1.20 target remains conditional, with the lower channel boundary serving as the main downside reference.
ICP price remains under pressure within a prolonged downtrend, while traders monitor nearby support, resistance, and projected wave structures for direction.
ICP Trades Inside a Tight Range
Internet Computer is as of writing trading around $2.17, according to the displayed market data. The token has remained between approximately $2.14 and $2.20 recently. That range now provides the clearest short-term technical boundaries.
Buyers have repeatedly defended the lower region near $2.14. However, sellers have appeared whenever the price approaches $2.19. Consequently, momentum remains compressed between both sides.
The displayed market capitalization stands near $1.20 billion. Meanwhile, 24-hour trading volume sits around $22.76 million. Circulating supply is shown at approximately 555.37 million ICP.
More Crypto Online addressed the broader weakness in a recent X post. The analyst noted a hypothetical $10,000 investment from ICP's $700 peak.
That position would now be worth approximately $31, according to the post.
Source: X
Descending Channel Controls the Broader Structure
The twelve-hour chart shows a large descending channel. Its upper boundary connects several major lower highs over time. The lower boundary has repeatedly attracted price after extended declines.
The current market sits closer to channel support than resistance. That positioning keeps the broader technical structure firmly under pressure. A sustained channel breakout would therefore change the present setup.
The Elliott Wave count adds another bearish scenario to the chart. Earlier labels identify major waves across the prolonged decline. The latest structure appears to classify the recovery as corrective.
The projected sequence includes additional waves before potential completion. Wave three could produce another strong directional move lower. However, that projection remains a technical scenario rather than certainty.
Fibonacci Levels Shape the Recovery Path
There are a number of Fibonacci levels above the market price. The chart has $2.34, $2.50 and $2.91 indicated as resistance levels.These levels correspond with visible retracement percentages on the chart.
The $2.34 area represents the first recovery hurdle. A move toward $2.50 would reclaim a deeper retracement level. Meanwhile, $2.91 would challenge the broader bearish interpretation more directly.
The projected downside extends toward approximately $1.00-$1.20. That region sits close to the descending channel's lower boundary. The Elliott Wave projection links this zone with a possible fifth wave.
Short-term traders therefore face two clearly defined levels. A break above $2.20 would improve immediate momentum conditions. Conversely, losing $2.14 could reopen the projected downside structure.
The chart remains centered on a battle between support and resistance. Price recovery has not yet produced a confirmed trend reversal. Until either boundary breaks decisively, consolidation remains the dominant short-term condition.
The post ICP Price Holds as Bearish Channel Persists appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Wallet activity shows renewed altcoin buying across AAVE, AVAX, LINK, ETH and BNB, while large USDT reserves remain available now.
The wallet activity is a sign of increased participation as a dormant trader returns, but it doesn't confirm a market bottom at this point.
The return of a dormant trader signals renewed participation, but the wallet activity alone cannot confirm a broader market bottom yet.
Altcoin accumulation is drawing attention after a dormant wallet returned, deploying more than $2 million across major tokens while retaining substantial stablecoin liquidity for further market moves ahead.
Dormant Wallet Re-enters Major Altcoins
A recent Nazoku post brought attention to trader 0xdd7's renewed market activity. The post said the wallet had returned after roughly one year away. It also claimed to buy over $2 million worth of new altcoins.
https://twitter.com/Nazo_ku/status/2087734496292651409?s=20
The transactions revealed include AAVE, AVAX, LINK, ETH, and BNB. The value of the AAVE tokens was approximately $129.43K. Meanwhile, 32.19K AVAX represented approximately $205.7K.
The wallet also received 24.413K LINK, valued around $214.35K. Ethereum exposure reached 277.819 ETH, worth approximately $469.77K. BNB represented the largest listed purchase, involving roughly 1.007K tokens.
The displayed transactions therefore show broad exposure across established digital assets. Each purchase adds exposure to a different part of crypto infrastructure. The allocation does not rely on one individual token or market theme.
Portfolio Spreads Capital Across Established Assets
The visible purchases total roughly $1.59 million using the provided transaction values. However, Nazoku reported more than $2 million in new altcoin exposure. Additional transactions could account for the difference between those figures.
AAVE provides exposure to decentralized finance within the disclosed portfolio. AVAX adds exposure to another major smart-contract network. LINK brings oracle infrastructure into the wallet's broader allocation.
ETH and BNB further diversify the reported holdings across major blockchain ecosystems. Ethereum represents one of the largest established smart-contract networks. BNB adds exposure connected with Binance's broader blockchain environment.
This portfolio construction keeps the visible allocation concentrated within established assets. It also avoids heavier exposure to smaller, more speculative tokens. The transactions therefore show selective positioning across larger cryptocurrency markets.
USDT Reserve Leaves Room for Further Moves
The wallet also retains substantial USDT liquidity alongside its new positions. Nazoku stated that more than $2 million in USDT remained available. That reserve separates committed capital from funds still held defensively.
The transaction panel also shows a recent 12.028K USDT transfer. An earlier transaction involved approximately 2.104 million USDT. These records provide additional evidence of substantial stablecoin liquidity.
Nazoku suggested the trader could be anticipating a market bottom. However, the wallet activity alone cannot establish that broader market conditions have reversed. Further purchases or sales would provide additional evidence about the trader's positioning.
For now, the return marks renewed participation after an extended period of inactivity. The combination of altcoin purchases and retained USDT provides flexibility. It leaves the wallet positioned for continued accumulation or further market caution.
The post Altcoin Accumulation Returns to a Dormant Wallet appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Shiba Inu security warning urges holders to review wallet requests as SHIB consolidates after a powerful daily trendline breakout.
SHIB is supported near $0.00000450 and resistance is getting pressured near $0.00000500 following the latest daily trendline breakout.
Wallet approvals can create risks beyond ordinary transfers, while protecting seed phrases and private keys remains vital for holders.
Shiba Inu security warning comes as holders face renewed wallet risks, while SHIB consolidates after breaking above a prolonged descending trendline.
SHIB Holds Support After Breakout
According to BSCN, Shibburn has warned holders about unexpected wallet requests. The warning specifically addresses unfamiliar approvals and transaction-signing requests. Holders were also reminded never to share private keys.
https://twitter.com/BSCNews/status/2087781161443709209?s=20
SHIB as of the time of writing,trades at $0.00000450, according to the supplied chart. The daily structure shows buyers defending the $0.00000440-$0.00000450 area. That zone has become important following the recent trendline breakout.
Source: Tradingview
The token previously traded beneath a descending trendline from May onward. Repeated rallies failed to establish higher highs during that period. The eventual breakout changed that pattern and lifted trading activity.
However, the recovery stalled near approximately $0.00000530 after the sharp advance. Price then formed another descending structure beneath that recent peak. That formation shows sellers remain active during short-term recovery attempts.
Momentum Cools During Recent Consolidation
The daily RSI as of writing, sits around 46, below the neutral 50 level. Earlier, the indicator climbed above 70 during the breakout rally. Its subsequent decline shows that momentum has cooled from those extremes.
Even so, RSI remains above the deeper readings recorded during June. That suggests selling pressure has moderated from earlier market weakness. However, buyers still need stronger momentum to confirm another advance.
Volume expanded considerably when SHIB broke above the major trendline. That increase accompanied the rapid move toward the $0.00000530 region. Recent trading activity has become more measured during the pullback.
The first significant resistance level above is now at $0.00000500. If it continues to move higher, it may be back in focus at $0.00000530. Failure there could instead maintain the short-term descending structure.
Wallet Requests Add Security Concerns
The post cited Shibburn's warning about unexpected wallet interactions. Shibburn urged users to examine permissions before approving unfamiliar requests. The warning also covers requests asking users to sign transactions.
A routine-looking approval can potentially authorize broader contract interactions. Therefore, users need to understand what each permission actually allows. Unclear requests should not receive automatic approval from wallet holders.
Shibburn also stressed that seed phrases should remain private. Private keys similarly should never be provided to outside parties. Those credentials can provide direct control over cryptocurrency holdings.
The security warning remains separate from SHIB's technical structure. Price gains do not reduce the risks surrounding unfamiliar wallet requests. For the chart, buyers still need to defend $0.00000440-$0.00000450.
The post Shiba Inu Security Warning Meets Chart Pressure appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Securitize’s tokenized AUM reached $4.3 billion, while transaction volume surged 147% to $5.3 billion in Q2.
Q2 revenue fell 5% to $14.4 million, while the company reported a $21.7 million net loss and $5.5 million adjusted EBITDA loss.
Securitize expanded tokenized-equity infrastructure through NYSE, Computershare, Jump Trading and Jupiter partnerships.
Securitize reported $14.4 million in second-quarter revenue on August 12, as tokenized assets under management reached $4.3 billion. CEO Carlos Domingo said the company expanded tokenized-equity infrastructure before its July 2 New York Stock Exchange listing. Securitize also reported $5.3 billion in transaction volume and about $350 million in cash.
https://twitter.com/carlosdomingo/status/2087634482497003763?s=20
Securitize Posts Mixed Second-Quarter Results
Average tokenized AUM rose 16% year over year, while total AUM increased 9%. However, revenue fell 5%, and Securitize posted a $21.7 million net loss. Adjusted EBITDA showed a $5.5 million loss, compared with $1.8 million in positive EBITDA last year.
Transaction volume rose 147%, while Securitize Fund Services serviced 663 active funds. Fund Services reported $24.3 billion in assets under administration, down about 20%. Domingo said platform AUM added about $1 billion during the quarter and $1.5 billion during the first half.
Tokenized Equities Gain New Infrastructure
Securitize partnered with Computershare and Continental to support issuer-sponsored tokenized shares. The work followed its NYSE agreement for 24/7 tokenized equity and ETF trading. The company also announced work with Jump Trading and Jupiter on regulated public-equity trading.
Meanwhile, Securitize Markets received FINRA approval to custody tokenized securities. That approval enables atomic settlement between tokenized securities and stablecoins. Securitize also partnered with Cantor Fitzgerald for onchain IPOs and follow-on offerings.
Atlas Capital selected Securitize for USAFi under Dubai’s VARA framework. The product uses the Atlas America Fund and represents economist Nouriel Roubini’s first blockchain project.
Securitize Expands Products and Leadership
Securitize expanded BlackRock’s BUIDL collateral use through OKX and Standard Chartered. It also expanded its Tokenized AAA CLO Fund to Solana, followed by Ethena Labs’ $250 million allocation.
The company added TRON to its multichain infrastructure. It also appointed former SEC official Brett Redfearn as president and director, while Sunil Sabharwal joined its board. Securitize put its own shares onchain on July 2, allowing U.S. trading with USDC.
Jump Trading acted as market maker under the company’s stated structure. CFO Francisco Flores said positive adjusted EBITDA remains a near-term goal, with no debt on the balance sheet.
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Metaplanet transferred 5,014 BTC between custodial wallets, but CEO Simon Gerovich said no Bitcoin was sold.
The company’s Bitcoin holdings remain at 43,000 BTC, with the transfers costing about $8 in total network fees.
Metaplanet targets 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
Metaplanet transferred 5,014 BTC worth about $322 million between its custodial wallets on August 13. CEO Simon Gerovich said the transfers were routine custody operations and involved no Bitcoin sale. He added that Metaplanet’s holdings remained at 43,000 BTC, while total network fees for the transfers reached roughly $8.
Gerovich Addresses Bitcoin Transfer Activity
Gerovich addressed the wallet activity after blockchain monitoring services identified large Bitcoin movements linked to Metaplanet. Lookonchain initially reported 3,881 BTC leaving wallets associated with the company.
However, Gerovich said the total transferred amount reached 5,014 BTC. He also said Metaplanet publishes all its wallet addresses, making the transactions visible in real time. According to Gerovich, the Bitcoin remained within Metaplanet’s custodial infrastructure. The company therefore did not reduce its disclosed Bitcoin holdings through the transfers.
Notably, moving the $322 million Bitcoin position across the network cost approximately $8 in transaction fees. The transfers involved movement between custodial addresses rather than a reported exchange transaction.
Metaplanet Holds 43,000 BTC
Metaplanet remains among the largest publicly traded corporate Bitcoin holders. The company ranks behind Strategy and Twenty One Capital based on the holdings provided. Strategy holds 840,447 BTC, while Twenty One Capital holds 43,514 BTC.
Metaplanet’s 43,000 BTC leaves it 514 BTC behind Twenty One Capital. Bitcoin traded around $63,616 on August 13 based on the information provided. At that price, Metaplanet’s holdings stood below its reported average purchase price.
Lookonchain calculated an unrealized loss of about $1.4 billion for Metaplanet. However, those losses remain unrealized because the company has not reported selling the transferred Bitcoin.
Company Expands Bitcoin Financing Plans
Metaplanet has also set a target of 100,000 BTC by the end of 2026. The company has further stated a 210,000 BTC target for the end of 2027. Its most recent reported purchase occurred in July.
That transaction added 2,823 BTC and brought total holdings to 43,000 BTC. Meanwhile, Metaplanet established a 4 billion yen Bitcoin venture program in March. The program targets investments in Bitcoin and cryptocurrency infrastructure in Japan.
The company also issued its first private-placement corporate bonds under its new BitBonds program. Metaplanet said the transaction combined its Bitcoin treasury balance sheet with its Type I financial instruments business.
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Circle’s cirBTC is backed 1:1 by native Bitcoin held with Circle National Trust for the exclusive benefit of holders.
Chainlink Proof of Reserve will provide real-time verification, while multi-address transparency enables onchain BTC checks.
cirBTC launches on Ethereum first, with planned Arc support for institutional borrowing, lending, trading and settlement.
Circle has introduced cirBTC as a wrapped bitcoin product for institutional markets, with 1:1 BTC backing and onchain reserve checks. The company said the structure directly supports institutions using Bitcoin as collateral across broader onchain credit markets. It said cirBTC will not compete through a CEX, DEX, or lending protocol.
https://twitter.com/circle/status/2087615101947830361?s=20
Circle Sets Out cirBTC Structure
Circle said each cirBTC is backed by native Bitcoin on a one-to-one basis. The BTC is held through Circle’s Bermuda affiliate and custodied by Circle National Trust. Circle National Trust is a national trust bank and qualified custodian under OCC supervision. The BTC remains for the exclusive benefit of cirBTC holders.
Circle said Chainlink Proof of Reserve will provide real-time onchain reserve verification. Multi-address transparency will also let counterparties check Bitcoin holdings through block explorers.
Bitcoin holders can use wrapped BTC when accessing markets built on smart contract networks. Those markets include lending protocols, collateral systems, trading venues, and settlement workflows.
cirBTC Targets Onchain Credit Markets
According to Circle, cirBTC is designed for market makers, OTC desks, lending protocols, asset managers, and institutional trading firms. The wrapper determines how institutions hold, verify, redeem, and move Bitcoin collateral. Circle said its issuer model avoids operating a competing CEX, DEX, or lending protocol.
The company instead described cirBTC as infrastructure for different venues and protocols. Circle cited USDC circulation above $75 billion and more than $20 trillion in transaction volume during Q1 2026. The company has also developed Circle Mint and CCTP for its broader digital asset infrastructure.
Ethereum Launch Comes Before Arc Support
cirBTC is currently available on Ethereum, while Arc support is expected later, subject to regulatory approvals. On Ethereum, the product can operate within existing DeFi liquidity and institutional workflows.
On Arc, Circle plans to use cirBTC across borrowing, lending, trading, and settlement activity. The company is also building Arc alongside USDC, Circle Mint, and CCTP infrastructure.
Circle said the design supports multiple chains rather than limiting cirBTC to Ethereum or Arc. The company listed reserve visibility, custody, and redemption among the product’s core features.
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The Blockchain Association urged the Supreme Court to review whether regional Fed banks can deny master accounts to eligible state-chartered banks.
Custodia applied for a master account in 2020, but the Kansas City Fed rejected its application in January 2023.
The Kansas City Fed must respond by September 11, while Kraken Financial received a limited-purpose master account in March.
The Blockchain Association filed an amicus brief on August 12 supporting Custodia Bank’s Supreme Court petition over Fed master accounts. The group asked the court to review whether regional Federal Reserve Banks can deny eligible state-chartered banks access. The Kansas City Fed now has until September 11 to respond to Custodia’s petition.
Blockchain Association Challenges Fed Discretion
According to the Blockchain Association, master accounts connect banks directly to Federal Reserve payment systems. Without them, banks can face added costs, risks, and reliance on intermediaries for payment settlement.
The group said the Tenth Circuit’s ruling gives regional Fed banks broad discretion over master accounts. It warned that the decision could allow regulators to deny banking access to lawful industries.
However, the association’s filing focuses on Custodia’s legal question. It asks whether federal law gives regional Fed banks discretion over eligible state-chartered institutions.
Custodia’s Fight Started In 2020
Custodia, a Wyoming-chartered bank focused on digital assets, applied for a master account in October 2020. The Kansas City Fed denied the application in January 2023, citing concerns about Custodia’s business model.
Custodia sued in June 2022 after the application remained pending for 19 months. The bank argued that federal law requires access for eligible depository institutions. The bank lost in district court in 2024.
The Tenth Circuit upheld that result in 2025, while the full appeals court rejected rehearing in March 2026. Custodia then petitioned the Supreme Court last month. Its petition asks whether the Monetary Control Act requires regional Fed banks to provide services to eligible nonmember institutions.
Kansas City Fed Gets More Time
The Kansas City Fed must respond to Custodia’s petition by September 11. Meanwhile, the Federal Reserve granted Kraken Financial a limited-purpose master account in March 2026. Kraken became the first crypto-native firm to receive such an account.
However, the arrangement excludes interest on reserves and emergency central bank loans. The account carries activity limits and operates on a one-year trial period. It focuses on payment services rather than full banking services.
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SEC relief lets Franklin Templeton funds use its OnChain U.S. Government Money Fund for cash management and lending collateral.
Franklin will use separate Stellar wallets for each fund, with FTIS maintaining private keys and official ownership records.
Fund boards must approve the blockchain arrangement annually, while independent accountants must conduct at least three yearly verifications.
The SEC Division of Investment Management gave Franklin Templeton no-action relief on August 12, 2026. The decision lets Franklin’s registered funds use its OnChain U.S. Government Money Fund for cash management and securities lending collateral. The relief covers blockchain custody and ownership records, replacing certain physical-security requirements under Rule 17f-2.
https://twitter.com/EleanorTerrett/status/2087629190711410999?s=20
SEC Relief Covers Blockchain Custody
The relief covers Section 17(f) and paragraphs (b), (e), and (f) of Rule 17f-2. Franklin’s funds can hold OnChain Fund shares through Franklin Templeton Investor Services LLC, or FTIS. FTIS serves as transfer agent and maintains the official ownership record.
The system combines an internal book-entry database with blockchain records covering purchases, redemptions, dividends, NAVs, and trade dates. FTIS links the records in real time to create the master securityholder file. It also controls blockchain permissions, smart contracts, and administrative functions tied to ownership records.
Funds Will Use Separate Blockchain Wallets
FTIS will create a separate Stellar blockchain wallet for each investing fund. It will maintain the private keys for those wallets. The wallet system uses multisignature, multiparty computation, distributed signers, and offline recovery measures.
However, FTIS retains control over the official ownership record. Its administrative controls allow it to correct errors, freeze wallets, migrate records, or restore ownership information. The arrangement will support cash balances and securities lending collateral. Franklin Templeton cited hourly NAVs, intraday trading, and faster processing.
SEC Sets Conditions For Fund Oversight
The SEC staff requires each fund to maintain controls over authorized instructions and transaction reviews. FTIS must provide transaction confirmations and maintain segregated records for each fund.
Each fund’s board must approve the arrangement and review it annually. FTIS must also transfer records and administrative controls to a successor. Independent public accountants must compare FTIS records with fund records. They must perform at least three investment verifications each fiscal year.
At least two checks must occur without advance notice. The funds must also reconcile differences found during those examinations. The SEC staff said the letter addresses enforcement action only. It does not amend existing law or create new legal obligations.
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