Crypto Breaking

The London Stock Exchange Group (LSEG) is reportedly preparing to bring tokenized stock trading to its next-generation venue in partnership with Kraken’s parent company, Payward. The plan, described by Payward’s chief commercial officer Mark Greenberg in a Tuesday report, targets access to tokenized stocks that track major UK equity products starting in 2027.
According to the Financial Times, the tokenized equities would be listed on LSE’s new night-time trading platform, LSE 24—an initiative designed to run 24/5 trading from Mondays through Fridays. LSE 24 was announced by the exchange operator on July 21.
Key takeaways
LSEG is moving tokenized equity exposure into a regulated trading venue, with Payward linked to the rollout.
The targeted launch window for tokenized stocks tracking leading UK equities is 2027.
Trading would take place on LSE’s planned 24/5 system (LSE 24), aimed at extending market hours versus traditional schedules.
The announcement places London among several major TradFi firms pursuing tokenized stock products, including Nasdaq and ICE.
Tokenized stock adoption continues to expand, with onchain totals and holder counts rising as measured by RWA.xyz.
How LSE 24 and Payward could change UK market access
LSE 24 is central to the move. Rather than limiting tokenized assets to a separate experimental platform, the approach described by Payward connects tokenized stocks to a trading venue being built by the London exchange itself. The claimed operating schedule—24/5—matters for investors and trading desks that want greater continuity across the week, particularly around regional evening hours and the transition from Asia to Europe.
For issuers and liquidity providers, tokenization can also shift how equity exposure is distributed and held, including the possibility of fractional ownership depending on the product structure. However, what exactly will be offered—such as which specific UK equity products are covered and how settlement and custody will operate in practice—was not detailed in the excerpted reporting.
Still, the direction is clear: tokenized stocks are being treated less like a standalone blockchain concept and more like an extension of mainstream market infrastructure.
LSE joins a broader tokenized equities race in TradFi
LSE’s reported partnership with Kraken’s parent Payward adds another traditional exchange operator to a trend that has accelerated across major markets. The article notes that other established players are also exploring tokenized equity offerings that can be traded around the clock or with extended hours.
In the United States, Nasdaq agreed to acquire LeveL Markets in August, framing the deal as part of a broader push into tokenized markets with round-the-clock trading capabilities. In Europe, ICE—the parent of the New York Stock Exchange—has also been linked to bringing tokenized stocks to its platform as part of a wider tokenized securities initiative.
Meanwhile, Deutsche Börse has reportedly invested in Payward, citing plans to broaden access to blockchain-based securities and tokenized investment products. Those efforts build on a prior relationship involving Kraken and Payward.
Beyond spot equities, the push is visible across derivatives infrastructure as well. The reporting also points to CME Group’s plans for crypto futures tied to networks including Cardano, Chainlink, and Stellar, as well as later additions involving Avalanche and Sui, each subject to regulatory approval. Taken together, these moves suggest that tokenization is not confined to equity settlements; it is increasingly being treated as a multi-asset market modernization theme.
What the onchain data says about tokenized stocks
Adoption indicators for tokenized equities continue to strengthen. According to data from RWA.xyz, the value of tokenized stocks rose by 15% over the prior 30 days to $2.53 billion. Over the same period, the number of tokenized equity holders increased by 153% to 2.45 million.
These figures do not directly confirm that LSE 24’s product will match these totals or replicate the same user base, but they provide context: tokenized equity participation appears to be expanding rather than stalling. That matters for regulators and market operators because sustained growth makes it more likely that tokenized securities move from pilot programs to repeatable offerings—especially when supported by established venues.
Investors should also note the asymmetry between “onchain growth” and “regulated venue readiness.” Tokenized stocks can exist onchain in various forms, while access through major exchanges typically requires product-specific compliance, market structure approvals, and operational integration that can take longer to execute than blockchain experimentation.
What to watch before 2027
The most actionable information missing from the excerpt is how LSE’s tokenized stock program will be structured end-to-end—particularly around custody, settlement mechanics, and the exact set of UK equity products to be tracked. As with any tokenized securities rollout on a major exchange, regulatory clarity and operational details will likely be as important as the headline partnership.
Readers should watch for further LSEG and Payward updates on product scope, the mechanics of LSE 24, and how the exchange plans to integrate tokenized equities into existing market and investor protections. With TradFi players increasingly converging on tokenized markets, those implementation specifics may determine whether tokenized equities become a practical alternative for broad investor access—or remain a niche parallel market.
This article was originally published as London Stock Exchange Teams Up With Kraken Parent for Tokenized UK Stocks: FT on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The Monetary Authority of Singapore (MAS) has moved to revisit a key element of its stablecoin regime, proposing changes that would allow some stablecoins connected to multiple jurisdictions to fall under Singapore’s regulatory framework. The development arrives through a new public consultation on amendments to the Payment Services Act (PSA) and associated policy adjustments.
In a consultation opened Tuesday, MAS said it is considering a pathway for “jointly issued” stablecoins—issued by a Singapore entity together with a foreign issuer—to qualify as “MAS-regulated stablecoins” if risks are adequately addressed. The regulator is also exploring whether a limited number of foreign-issued stablecoins could be recognized under similar overseas rules, particularly for cross-border wholesale usage.
Key takeaways
MAS is consulting on PSA amendments to implement its stablecoin framework and reflect policy developments since 2023.
Jointly issued stablecoins (Singapore + foreign issuer) could qualify as “MAS-regulated stablecoins” if MAS-set risk conditions are met.
MAS is considering recognition of a limited set of foreign-issued stablecoins subject to comparable regulatory frameworks abroad.
Proposals would tighten issuer safeguards, including reserve stability expectations, disclosure requirements, and stress-testing.
MAS says comments are open until Oct. 16.
Why MAS is rethinking its earlier single-jurisdiction stance
MAS’s 2023 position required qualifying stablecoins to be issued solely in Singapore. MAS then finalized a framework for single-currency stablecoins issued in Singapore and pegged to the Singapore dollar or a G10 currency, under which issuers would operate with specified regulatory controls. According to MAS, the regulator’s earlier approach reflected concerns around whether equivalent regulation and effective cooperation could be secured across jurisdictions.
MAS also highlighted operational and technical issues it said would be difficult under a multi-jurisdiction model—such as establishing where commingled stablecoin reserves originated, and whether those reserves would be sufficient to meet redemption requests in practice.
The new consultation signals a shift from that restrictive baseline. While MAS did not abandon the need for risk controls, it is now proposing mechanisms meant to address those earlier concerns in cases where issuance involves both Singapore and a foreign issuer.
MAS consultation: how “MAS-regulated stablecoins” could work
At the heart of the proposal is an expanded eligibility route within the existing stablecoin framework. MAS said stablecoins jointly issued by a Singapore issuer and a foreign issuer could be regulated under the framework and marketed with the “MAS-regulated stablecoins” label, provided that associated risks are sufficiently mitigated.
MAS is pursuing legislative implementation of its approach by proposing amendments to the PSA, the main law in Singapore governing payment services and payment-service operators. The consultation outlines requirements intended to preserve the same core features of the 2023 framework, including reserve-backed value stability and controls around redemption and disclosures.
Under the proposal, only issuers licensed under the framework would be permitted to market themselves as “MAS-regulated stablecoin” issuers and use the “MAS-regulated stablecoins” designation. Outside of the dedicated framework, MAS indicated that stablecoins would continue to be treated under existing rules as digital payment tokens.
Issuer safeguards MAS wants to add or strengthen
The consultation does not limit itself to eligibility criteria. MAS is also looking to reinforce how compliant issuers must manage reserves, customer protections, and stress resilience.
MAS’s proposal would include requirements relating to reserve-backed stability, capital considerations, redemption “at par,” and issuer disclosures. It also proposes prohibitions and additional operational obligations, including a ban on issuers paying interest on regulated stablecoins.
To test survivability under adverse scenarios, MAS is also proposing that issuers conduct stress tests and maintain recovery and orderly wind-down plans. In addition, the consultation outlines consumer-facing safeguards requiring issuers to protect customer money received before the corresponding stablecoins are issued.
For market participants, these safeguards matter because they define the compliance boundaries for who can access the “MAS-regulated” label—an important distinction in a jurisdiction where regulation can influence banking relationships, distribution, and institutional onboarding.
Recognition of selected foreign-issued stablecoins for wholesale use
Beyond jointly issued products, MAS is considering another pathway: recognizing a limited number of foreign-issued stablecoins regulated under comparable overseas frameworks. MAS’s stated rationale is tied to utility in cross-border wholesale transactions, where certain stablecoins may be used as settlement or liquidity tools between professional counterparties.
The proposal stops short of opening the door broadly to all foreign stablecoins. MAS frames the idea as a controlled recognition approach limited to a small number of eligible instruments, contingent on regulatory comparability and risk mitigation—consistent with how it treated equivalence and cooperation as a key challenge in 2023.
For traders and treasury teams, this distinction could be meaningful. Wholesale settlement use typically prioritizes predictable redeemability, clear governance, and operational certainty—areas where MAS’s emphasis on redemption at par, reserve-backed stability, and stress planning are directly relevant.
What to watch during the consultation period
MAS is accepting public feedback on the proposals until Oct. 16. Market participants will likely focus on how MAS plans to operationalize “sufficiently mitigated” risk in joint issuance structures and what specific criteria may govern recognition of any foreign-issued stablecoins. The outcome could determine whether Singapore’s stablecoin framework becomes more interoperable across borders—or remains largely centered on domestic issuance.
For readers who want to review the regulatory text directly, MAS’s consultation is published here: https://www.mas.gov.sg/publications/consultations/2026/consultation-on-proposed-amendments-to-the-payment-services-act-for-stablecoin-regulation. MAS previously finalized its 2023 stablecoin framework here: https://www.mas.gov.sg/news/media-releases/2023/mas-finalises-stablecoin-regulatory-framework.
This article was originally published as Singapore Considers Rule Changes for Select Foreign-Issued Stablecoins on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Polymarket is reportedly preparing a major new funding push that would significantly deepen its backing from politically connected capital. According to the Wall Street Journal, 1789 Capital—where Donald Trump Jr. is a partner—is set to invest around $300 million in the blockchain-based prediction market as part of a broader $1 billion fundraising round.
The same report says the round could value Polymarket at $21 billion. If it closes as described, 1789 Capital’s participation would be large enough to move the firm into one of Polymarket’s most prominent investors.
Key takeaways
1789 Capital is reportedly planning an approximately $300 million investment in Polymarket within a $1 billion round.
The reported round would value Polymarket at about $21 billion, potentially reshaping the company’s investor cap table.
ICE is still Polymarket’s largest disclosed investor, with $1.6 billion invested in preferred shares reported in an ICE 10-Q filing.
Polymarket’s fundraising momentum is unfolding amid growing US and international regulatory pressure on prediction markets.
What 1789 Capital’s reported entry could mean
Money matters in prediction markets because it funds liquidity, infrastructure, and the ability to scale participation across event categories. A $300 million commitment—if confirmed—would represent a substantial injection of risk capital at a time when the sector is trying to expand while regulators scrutinize how these markets function.
The Wall Street Journal report also indicates that 1789 Capital is already invested in Polymarket, bringing its total exposure to about $500 million. That would position the firm among Polymarket’s largest backers once the additional investment is completed, potentially increasing its influence in governance discussions that often accompany major rounds.
Cointelegraph says it reached out to both 1789 Capital and Polymarket for comment, according to the article text provided.
Valuation questions and how the funding fits prior fundraising efforts
Polymarket’s reported funding strategy appears to be evolving alongside competition in US prediction-market offerings. Earlier coverage cited in the source notes that Polymarket reportedly began talks in April to raise $400 million at a potential $15 billion valuation—lower than the valuation of Kalshi, Polymarket’s main competitor at the time, which was referenced at $22 billion.
By contrast, the new reported valuation in the Wall Street Journal—$21 billion—would reflect a different pricing environment than the earlier fundraising attempt. Whether that shift signals improved traction, investor sentiment, or simply negotiation dynamics remains unclear from the provided information, but the reported numbers suggest Polymarket is aiming for a materially higher valuation than what it sought months earlier.
Investors watching similar rounds often focus on whether valuation increases coincide with clearer compliance pathways or deeper liquidity partnerships—especially in a sector where regulatory outcomes can change quickly.
ICE’s disclosed stake highlights how concentrated backing is
Even with new entrants, Polymarket’s ownership remains dominated by large institutional investors. In a July 30 10-Q filing, ICE reported that it invested a combined $1.6 billion in Polymarket preferred shares.
ICE’s filing further states that the holdings had a carrying value of approximately $2 billion as of June 30. It also says the preferred shares represented about 22% of outstanding shares, or 14% on a fully diluted basis.
These figures illustrate a key structural point for readers: while new capital can increase the total funding available to Polymarket, the largest disclosed backer—ICE—already holds a significant portion of equity-linked exposure. Any incoming round will likely be interpreted against that backdrop, particularly when assessing how much ownership and control different investors retain after issuance.
Regulatory pressure remains the central risk as capital seeks a path forward
The funding headlines arrive during a period of intensified scrutiny of prediction markets. The provided source recounts that on Aug. 14, JPMorgan Chase reportedly ended a banking relationship with Polymarket over regulatory concerns, though it said it remains interested in potentially providing underwriting support if Polymarket seeks to go public.
On the legal front, the source says that more than a dozen US states have filed actions against Polymarket, Kalshi, or both over sports event contracts. It also notes that authorities in several countries have blocked or restricted access to Polymarket, citing gambling-related concerns—an escalation that reinforces why banks, platforms, and corporate partners may be cautious.
This regulatory pressure is relevant to fundraising for a straightforward reason: capital providers tend to price regulatory uncertainty, because outcomes can affect revenue models, user access, and the feasibility of future listings or partnerships. In that sense, Polymarket’s reported push for a high-value round is not occurring in a vacuum—it is happening while multiple jurisdictions test legal boundaries for prediction and event-contract products.
Where things stand next
If 1789 Capital’s reported $300 million commitment and the overall $1 billion round come to pass, Polymarket’s investor base would grow further at a time when the firm’s operating environment is still contested. Market participants should watch for confirmation of the deal terms, any changes to the regulatory strategy being pursued, and whether banking and compliance hurdles ease enough to support sustained growth.
This article was originally published as 1789 Capital, linked to Trump Jr., reportedly leads Polymarket’s $1B round on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

A Trump Jr.-linked investment firm is reportedly preparing to put roughly $300 million into Polymarket as part of a much larger funding effort that could value the prediction market platform at $21 billion. According to the Wall Street Journal, 1789 Capital—where Donald Trump Jr. is a partner—would participate in a $1 billion round that includes the additional $300 million commitment.
If the reported terms are accurate, the investment would lift 1789 Capital’s total disclosed exposure to Polymarket to about $500 million, potentially positioning the firm among the platform’s most significant backers.
Key takeaways
1789 Capital is reportedly set to invest about $300 million in Polymarket as part of a reported $1 billion fundraising round.
The reported round could value Polymarket at $21 billion, according to information attributed to people familiar with the matter by the Wall Street Journal.
ICE remains the largest disclosed investor, with a July 30 10-Q filing citing $1.6 billion invested and about 22% of outstanding shares on a carrying-value basis.
Polymarket’s funding momentum is unfolding amid escalating regulatory pressure affecting prediction markets in the US and abroad.
1789 Capital’s reported entry and what it signals
For Polymarket, the reported $300 million commitment from 1789 Capital underscores continued institutional interest in prediction markets, even as the sector faces scrutiny. The Wall Street Journal report frames the investment as a portion of a broader $1 billion financing effort, with the implied valuation at $21 billion.
While Polymarket’s prior fundraising discussions have already highlighted how competitive the space has become, the latest report suggests investors are still willing to price the platform at a level that reflects expectations of growth. If 1789 Capital’s investment plan proceeds as described, it would also concentrate influence among fewer large holders—meaning future outcomes for Polymarket could be shaped by a smaller set of major investors.
ICE’s disclosed stake highlights the ownership concentration
Beyond new participation, Polymarket’s investor base already includes heavyweight capital. In a July 30 10-Q filing, ICE said it had invested a combined $1.6 billion in Polymarket preferred shares. ICE also reported that the holdings carried an approximate value of $2 billion as of June 30.
The filing further indicated ownership shares at two measurement points: about 22% of outstanding shares and about 14% on a fully diluted basis. This matters because it provides a clearer baseline for how control and economics might be distributed if Polymarket adds new investors at a high valuation.
Earlier fundraising benchmarks and the valuation race
Polymarket’s latest reported fundraising push is not happening in isolation. Earlier coverage noted that Polymarket had begun discussions to raise $400 million in fresh capital around April, at a time when it was seeking financing at a potential $15 billion valuation—an implied step up from later figures being discussed.
That earlier valuation was reportedly below the $22 billion valuation of Kalshi, Polymarket’s main competitor referenced in the prior reporting. While these figures reflect fundraising expectations rather than market trading prices, they do provide context: prediction market platforms appear to be competing not only for users and contracts, but also for investor attention and balance-sheet strength.
Regulatory pressure remains a central risk factor
One reason investors may be scrutinizing prediction markets more closely is the growing regulatory friction described in recent developments. The sector has faced mounting legal and operational challenges in the United States and other jurisdictions.
Cointelegraph reported that JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, while also saying it would remain open to an underwriting role if Polymarket pursued a public listing. That juxtaposition—loss of a banking relationship contrasted with interest in underwriting—illustrates how regulators and compliance expectations can shape which financial services are offered to prediction market operators.
Legal actions have also broadened. More than a dozen US states have taken steps targeting Polymarket, Kalshi, or both, related to sports event contracts. Elsewhere, authorities in several countries have blocked or restricted access to Polymarket over gambling-related concerns, highlighting how regulatory boundaries differ across jurisdictions.
These pressures matter for the fundraising narrative because they can influence timelines, corporate structuring, and the practicality of certain growth plans—particularly where a company’s ability to onboard customers, settle contracts, and maintain banking relationships is at stake.
Cointelegraph has also reached out to 1789 Capital and Polymarket for comment regarding the reported investment plan, but no response is included in the available information.
Investors and market participants should watch for whether the reported $1 billion round moves forward on the cited valuation terms and how Polymarket navigates the regulatory issues affecting banking access and legal exposure. Any additional clarity on compliance, partnerships, and potential paths to public markets could determine how sustainable the current momentum is—especially as major investors like ICE already hold substantial disclosed positions.
This article was originally published as Trump Jr.-Backed 1789 Capital Leads Polymarket’s $1B Fundraise: Report on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

US-listed spot Bitcoin ETFs rebounded on Monday, shifting back to net inflows after two sessions of withdrawals, with inflows concentrated heavily in BlackRock’s iShares product. At the same time, spot Ether, XRP and Solana ETFs all continued adding new capital, extending their recent run of positive sessions.
SoSoValue data shows US spot Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing $201.8 million in withdrawals logged on Friday. The prior outflow day ended a nine-session streak that brought more than $3 billion into the complex, according to Cointelegraph’s earlier coverage. Bitcoin was trading near $78,700 at the time of writing, up roughly 1.5% over 24 hours, according to CoinGecko.
Key takeaways
Bitcoin ETF inflows returned: US spot Bitcoin ETFs added $216.7 million net on Monday after $201.8 million in Friday outflows.
BlackRock dominated the rebound: iShares Bitcoin Trust (IBIT) accounted for about 95% of daily inflows, with $205.9 million net.
Ether ETFs kept streak alive: Spot Ether ETFs posted $87.7 million net inflows, extending to 11 consecutive sessions.
XRP and Solana stayed positive: XRP ETFs reached 10 consecutive inflow sessions, while Solana ETFs logged their 10th consecutive positive day.
BlackRock leads the Bitcoin ETF rebound
Monday’s reversal was driven almost entirely by BlackRock. Farside Investors data indicates iShares Bitcoin Trust (IBIT) generated $205.9 million in net inflows, representing roughly 95% of the category’s total daily inflows.
Other issuers still contributed, though at a much smaller scale. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, Bitwise’s Bitcoin ETF (BITB) brought in $4.3 million, and Morgan Stanley’s Bitcoin Trust recorded $3.6 million in net inflows. Grayscale’s Bitcoin Mini Trust attracted $9.4 million.
Despite the broad positive shift, not every product participated in the rebound. VanEck’s Bitcoin ETF (HODL) was the lone fund to report net withdrawals, with $13.4 million outflows on the day. The remaining funds recorded no net flows.
For investors, the concentration of Monday’s inflows matters because it highlights how day-to-day changes in the US spot Bitcoin ETF complex can be heavily influenced by a single issuer’s flows rather than by uniform demand across the market. That dynamic can affect how quickly sentiment translates into measurable net purchases.
Ether ETFs extend an 11-session inflow streak
Spot Ether ETFs continued building on their recent momentum, recording $87.7 million in net inflows on Monday. According to Farside, this marked the 11th consecutive trading session with net inflows.
BlackRock’s iShares Ethereum Trust (ETHA) led with $59.9 million. Grayscale’s Ethereum Mini Trust followed with $13.5 million, while Fidelity’s Ethereum Fund added $9.3 million.
The steady pattern of inflows suggests persistent allocator interest in regulated ether exposure rather than a one-off move tied to a single market catalyst. Traders may still watch for any sudden turn in the flow data, but the multi-week streak indicates demand has been sustained through multiple trading cycles.
XRP ETFs hit 10 straight inflow days
XRP ETFs also extended a streak of positive sessions. SoSoValue data shows the category recorded $5.64 million in net inflows on Monday, keeping the count at 10 consecutive trading sessions.
SoSoValue adds that XRP ETFs have seen capital inflows during every US trading session since Aug. 18. That kind of uninterrupted run is notable because it implies consistent participation across days, rather than intermittent buys followed by pauses.
While daily inflow totals for XRP remain far smaller than for Bitcoin or Ether in absolute terms, the consistency can still be meaningful for market structure—especially for funds that are still establishing longer-term investor habits.
Solana ETFs stay in positive territory, but inflows cooled
Solana ETFs continued their own stretch of gains, posting a 10th consecutive positive session. SoSoValue reports Monday’s inflows totaled $925,010, bringing the category’s weakest daily inflow so far during its current run.
The contrast is stark when compared with Friday’s higher number. The source notes that daily inflows slowed to $925,010 on Monday from $18.1 million on Friday.
That shift raises an important nuance for readers: while the category remains net positive, the pace of buying is not accelerating in tandem. For traders, decelerating inflows during an otherwise positive streak can sometimes be an early signal that momentum is cooling, even if it hasn’t turned into sustained outflows yet.
With Bitcoin ETFs returning to net inflows and Ether, XRP, and Solana all maintaining positive streaks, the next thing to watch is whether Monday’s rebound sustains across subsequent sessions—particularly whether BlackRock continues to account for a similar share of inflows or if demand broadens across other Bitcoin funds.
This article was originally published as BlackRock-linked inflows lift Bitcoin ETF by $217M as altcoin funds sustain streak on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Token buybacks are becoming a defining strategy for a small but influential slice of the crypto sector. According to data compiled by Allium Labs and cited by the Financial Times, cryptocurrency projects spent a record $638 million on repurchasing their own tokens so far in 2026—nearly 90% of that total concentrated in two platforms: Hyperliquid and Pump.fun.
In the year-to-date tally, Hyperliquid accounted for roughly $370 million and Pump.fun for nearly $200 million. The Financial Times report notes that this level of buyback activity is still rare across the wider industry, but the numbers suggest it is moving from novelty toward a measurable category of capital deployment.
Key takeaways
$638 million in token buybacks has been recorded in 2026 year-to-date, per Allium Labs data cited by the Financial Times.
Hyperliquid (~$370M) and Pump.fun (~$200M) dominate the total, together accounting for nearly 90% of spending.
Buybacks remain uncommon in crypto overall, but more projects are experimenting with revenue-to-repurchase mechanisms.
Crypto token buyback activity is increasingly being framed as a tool to support token value—analogous to share repurchases in traditional markets.
Recent governance action at Ethena Foundation highlights how fee-switch models can formalize buyback plans.
Why token buybacks are drawing attention again
Token buybacks follow a logic that resembles share buybacks by public companies: projects use capital to repurchase their own assets, which can reduce circulating supply and, in some cases, send a signal about long-term value. While the analogy is straightforward, the crypto execution varies widely—often depending on how a protocol’s revenue is routed and whether repurchases are automatic or subject to governance.
What stands out in 2026 is the scale relative to earlier periods. The same Allium Labs figures cited by the Financial Times show $638 million spent year-to-date in 2026 compared with $545 million during the same period in 2025. The report also contrasts the current pace with prior years, noting $366,000 in 2024 for the corresponding timeframe.
Hyperliquid and Pump.fun lead the buyback spend
Hyperliquid and Pump.fun are not just participating in token repurchases—they are effectively running buybacks as a core allocation strategy.
For Hyperliquid, the structure is especially concentrated: the project reportedly directs about 99% of its revenue toward token buybacks. Cointelegraph previously reported that Hyperliquid generated $169 million in second-quarter revenue on Aug. 6, with $141 million allocated to HYPE buybacks. The implication for investors is straightforward: buybacks are not episodic, but tied tightly to protocol earnings.
Pump.fun, a memecoin launchpad, follows a different but still aggressive approach. The project reportedly allocates around 50% of its net protocol revenue to token repurchases. The launchpad also reportedly carries $420 million in annualized revenue, based on average daily revenue over the preceding 90 days.
When two platforms account for most of the sector’s buyback activity, their revenue rules can become a proxy for how “buyback culture” may evolve in crypto—especially whether it remains concentrated among a few high-throughput protocols or broadens as others replicate the model.
Governance signals: Ethena Foundation opens a fee-switch vote
Beyond the two dominant leaders, 2026 has also seen governance proposals that formalize buybacks using protocol revenue. On Thursday, the Ethena Foundation opened a vote on a fee-switch proposal under which 95% of net revenue paid to it from Ethena’s core business lines would be used to repurchase ENA tokens.
Crypto markets quickly priced the development: the ENA token rose 10.7% on the day after the proposal, according to the reporting referenced in the vote coverage.
For readers, the practical takeaway is not simply that buybacks can move prices in the short term, but that fee-switch governance can convert a vague “buybacks might happen” narrative into an enforceable spending framework. That shift matters because it changes the probability distribution around future demand for tokens and how consistently a protocol can sustain repurchases.
Outperformance and the market narrative around buybacks
Buybacks are also being linked to stronger token performance relative to the broader market. TradingView data cited in the original coverage shows that Hyperliquid (HYPE) rose 145% year-to-date and Pump.fun (PUMP) gained 109%, while Bitcoin (BTC) fell 10% and total crypto market capitalization declined by 11.9% over the same period.
It is important to separate correlation from causation, but the structure is compelling from an investor’s perspective: protocols that consistently recycle revenue into token repurchases create a direct, recurring demand stream. That demand can influence valuation expectations, especially during broader drawdowns where the rest of the market is struggling.
The idea is increasingly being spelled out by major asset managers. Bitwise chief investment officer Matt Hougan earlier in August argued that crypto valuations could double in the next two years as protocols use revenue to fund token buybacks and burns, effectively returning more value to investors.
What to watch next
The big question for 2026 is whether buybacks stay clustered in a few revenue-rich ecosystems or expand into more protocols through governance and revenue routing. Investors should monitor not just total buyback totals, but the durability of the revenue streams behind them—because in a market that can change quickly, the sustainability of token repurchase programs may matter as much as the headlines.
This article was originally published as Hyperliquid and Pump.fun Drive 90% of $638M Crypto Buybacks: FT on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Strategy has added another sizable batch of Bitcoin to its corporate treasury, purchasing 4,603 BTC for about $370 million, according to an 8-K filing with the U.S. Securities and Exchange Commission released this week. The acquisition takes the company’s total holdings to 845,050 BTC.
The news also arrives shortly after Strategy last reported a Bitcoin buy in mid-June, and it follows a weekend signal from Strategy executive chairman Michael Saylor that the firm was preparing to resume accumulation. Investors are also watching how the company’s preferred stock funding mechanism—STRC—behaves as Strategy continues to finance new purchases.
Key takeaways
Strategy bought 4,603 Bitcoin for an average price of $80,318 per BTC, bringing total holdings to 845,050 BTC.
The purchase was funded using net proceeds from a $602 million common stock sale, with part of the proceeds added to USD cash reserves and part used for STRC repurchases.
This is Strategy’s first corporate Bitcoin acquisition in roughly two months, after its prior buy of 1,587 BTC in mid-June.
STRC trades below its $100 intended par value, which can affect the company’s ability to raise capital through STRC sales and may increase pressure on dividend terms.
A new Bitcoin tranche—and where the money came from
In its SEC filing, Strategy states it acquired 4,603 BTC at an average purchase price of $80,318, amounting to roughly $370 million. The company reports this brings its total Bitcoin holdings to 845,050 BTC, acquired for a cumulative $63.3 billion at an average price of $75,413.
The filing also outlines the capital flow behind the transaction. Strategy funded the purchase through the net proceeds of a 602 million MSTR common stock sale. It allocated $30 million of those net proceeds to increase its USD cash reserve, and it directed $151.8 million to repurchase its preferred STRC stock.
For investors, the mix of funding matters because Strategy’s Bitcoin program is designed to be capital-efficient while preserving flexibility—cash reserves provide liquidity, while repurchasing STRC can support the preferred stock’s market standing.
First buy in about two months, following Saylor’s “We’re Back” signal
The acquisition marks Strategy’s first reported corporate Bitcoin purchase since mid-June. At that time, the company last bought 1,587 BTC for roughly $100 million, according to earlier coverage referenced in the 8-K context.
On Sunday, Saylor posted a short teaser indicating a return to buying. He shared a widely viewed X post with the message “We’re Back,” a pattern that has previously preceded official announcements about Strategy’s treasury actions, as noted in earlier reporting. While weekend hints are not a substitute for filings, they often help investors anticipate the direction of future moves.
In Monday’s pre-market trading, Nasdaq-listed MSTR was reported up by less than 1% after falling more than 7% on Friday, according to the article’s market snapshot.
STRC discount and what it implies for future funding
Strategy’s STRC preferred stock remains central to how the company finances Bitcoin accumulation. In Monday’s pre-market activity, STRC rose about 0.44% to $97.33, which corresponds to a 2.67% discount to its intended $100 par value, based on Yahoo Finance data.
The discount is not just a pricing detail—it can influence how effective STRC becomes as a fundraising tool. As noted in the source reporting, trading below par can limit Strategy’s ability to raise funds through STRC sales. That limitation can create a feedback loop: if preferred shares consistently trade at discounts, Strategy may need to adjust economics—such as the dividend rate—to attract buyers and protect the instrument’s pricing.
The company previously signaled that it is willing to actively manage its capital structure. In a June 29 8-K filing, Strategy laid out a capital framework that contemplates using Bitcoin sales to fund dividends, and it increased the annual dividend rate on STRC to 12%. The same period included disclosure that Strategy sold 32 Bitcoin in early June, described as its first reported Bitcoin sale since a 2022 transaction tied to tax-loss considerations.
Taken together, the STRC discount and the dividend adjustments point to a consistent theme: Strategy wants the ability to keep buying Bitcoin while maintaining a workable funding channel through preferred stock. Whether the current discount narrows or widens in the weeks ahead could therefore influence how aggressively Strategy leans on STRC versus other sources of liquidity.
Why the details matter for traders and long-term holders
Strategy’s disclosed average purchase price—$80,318 per BTC—provides more than just a headline valuation. Because Strategy reports its total cost basis and holding size, each new acquisition affects how investors model the company’s treasury exposure over time, including how much unrealized gain or loss might be implied relative to recent market prices.
Just as important is the financing approach: the company used a common stock issuance rather than relying solely on balance-sheet liquidity. That choice can affect equity market dynamics and dilution expectations, while repurchasing STRC with $151.8 million suggests an effort to manage the preferred component alongside the Bitcoin program.
Meanwhile, the fact that Saylor’s “We’re Back” post preceded this acquisition reinforces how investors often treat Strategy’s leadership communications as early signals of treasury activity. The most reliable confirmation, however, remains the SEC filing and the detailed breakdown of how the Bitcoin was purchased and funded.
As Strategy continues to scale its portfolio—now at 845,050 BTC—readers should watch for two closely linked developments: whether STRC continues to trade at a discount to par, and how that pricing interacts with the company’s dividend and financing plans. Any future capital-structure changes could determine how smoothly Strategy converts access to capital into additional Bitcoin exposure.
This article was originally published as Strategy Adds $370M Bitcoin to Treasury After Two-Month Gap on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Strive, a publicly traded asset manager and Bitcoin treasury company, added 1,800 Bitcoin to its balance sheet last week, accelerating a buy program that has helped it rank among the world’s largest publicly traded corporate holders of the asset.
The company bought the BTC between Aug. 24 and Aug. 28 for roughly $143 million, paying an average price of $79,431 per coin (including fees and expenses). CEO Matt Cole confirmed the acquisition on Monday via X: https://x.com/ColeMacro/status/2094396002308440227.
Key takeaways
Strive purchased about 1,800 BTC over Aug. 24–Aug. 28 for approximately $143 million at an average of $79,431 per BTC.
Total holdings rose to 23,156 BTC from 21,356 BTC a week earlier, showing faster accumulation across a short window.
The latest inflow increased Strive’s BTC exposure by roughly 8.4% in five business days, according to Adam Livingston.
With the new buys, Strive moved ahead of Bullish to become the fifth-largest publicly traded corporate Bitcoin holder, based on industry data from BitcoinTreasuries.net.
Strive’s purchases align with a broader market rebound that followed a U.S. Treasury announcement on bond buybacks.
Strive’s accelerated accumulation lifts it into the top tier
Strive’s latest acquisition expands its Bitcoin strategy beyond a slow, incremental approach. The purchases increased its total holdings to 23,156 BTC, up from 21,356 BTC reported a week earlier. Earlier reporting from Cointelegraph noted that Strive had added 1,110 BTC the previous week for about $81.5 million at an average of $73,409 per coin (Cointelegraph).
Adam Livingston, an adviser to Saturn Credit, highlighted the pace of change after the most recent buys. In his post, he said the latest purchase increased Strive’s holdings by approximately 8.4% within just five business days (https://x.com/AdamBLiv/status/2094404735474295249).
For investors tracking corporate treasuries, the key point isn’t only the size of the purchase, but how quickly it is happening relative to recent baselines. Rapid accumulation can also signal that a company sees improved risk conditions, more favorable liquidity, or a strategy shift from opportunistic buying toward consistent treasury scaling.
Surpassing Bullish for fifth-largest publicly traded holder
The updated Strive balance also changes the standings among listed Bitcoin treasuries. According to industry data compiled at BitcoinTreasuries.net, Strive’s latest buys pushed it past Bullish—an exchange and digital asset infrastructure firm—making it the fifth-largest publicly traded corporate holder of Bitcoin.
This matters because position in these rankings is closely watched by market participants: it can affect perceived credibility of treasury strategies, influence how investors interpret management discipline around Bitcoin exposure, and contribute to the narrative of institutionalization across the sector.
Corporate buying follows a market rebound
Strive’s purchases come as Bitcoin and risk assets rebounded broadly after Aug. 19, when the U.S. Treasury Department announced plans to double the size of certain long-term bond buybacks. The move helped reduce Treasury yields and supported a return of risk appetite, with Bitcoin rallying more than 23% to a recent high above $81,000, as noted in Cointelegraph’s market coverage (Cointelegraph markets).
While treasury purchases do not need a specific catalyst, correlations between macro conditions and corporate activity are frequently discussed in crypto markets. When yields fall and liquidity improves, companies that treat Bitcoin as a treasury asset may find it easier to justify additional exposure—particularly if market volatility cools.
Strategy’s renewed buying underscores the broader trend
Strive is not alone. Michael Saylor’s Strategy—described as the largest corporate Bitcoin holder—announced Monday that it resumed buying BTC for the first time since June. Cointelegraph reported that Strategy acquired 4,603 Bitcoin at an average price of $80,318, per its announcement (Cointelegraph).
That purchase lifted Strategy’s holdings back above 845,000 BTC after four Bitcoin sales since May, reversing a temporary reduction in exposure. Together with Strive’s accelerated accumulation, the renewed buying from a major benchmark treasury adds weight to a theme seen across the corporate segment: listed companies appear willing to increase Bitcoin exposure when market conditions are supportive.
At the same time, the Strategy example also highlights an important tension. Corporate treasuries can be both active buyers and occasional sellers, meaning investors should pay attention not just to net accumulation, but also to the operational or capital-planning drivers behind any reductions.
For the near term, traders and long-term holders will likely watch whether Strive sustains this faster pace of buying over the next several weekly reporting windows, and whether other large corporate treasuries continue to add after recent rebounds—especially as macro conditions that helped fuel the move in yields remain in focus.
This article was originally published as Strive Acquires 1,800 BTC for $143M, Becomes Fifth Largest Holder on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitmine Immersion Technologies has continued to build its Ethereum position, extending a weekly buying streak to 65 consecutive weeks by adding 53,501 ETH over the past week. The company’s expanding treasury comes as a broader crypto market rebound has lifted the value of its digital-asset holdings, even as it remains exposed to large paper losses on its Ether purchases.
With the most recent transaction, Bitmine says it now holds more than 5.9 million ETH. Using an Ether price of $2,511 referenced for Sunday pricing, the holdings were valued at roughly $14.8 billion. Bitmine’s current stake represents about 4.9% of Ethereum’s circulating supply of 120.7 million ETH, putting it close to its stated objective of reaching a 5% ownership level.
Key takeaways
Bitmine added 53,501 ETH last week, extending its Ethereum accumulation streak to 65 straight weeks.
The company’s wallet now contains more than 5.9 million ETH, valued around $14.8 billion at an ETH price of $2,511 (Sunday reference).
Bitmine’s stake is about 4.9% of Ethereum’s 120.7 million circulating supply, nearing its goal of 5% ownership.
Unrealized losses remain substantial: DropsTab data places Bitmine’s paper loss on Ether at about $5.1 billion.
Bitmine’s chairman, Tom Lee, highlighted ETH’s relative strength alongside BTC and Solana since June 30.
Ethereum accumulation pushes Bitmine toward its 5% target
Bitmine’s latest purchase reinforces a steady approach to treasury building: the company has been acquiring Ether nearly continuously on a weekly basis since its prior buying run began. This time, the addition of 53,501 ETH lifts the total holdings beyond the 5.9 million ETH threshold, narrowing the gap to the company’s stated ambition to hold 5% of Ethereum’s circulating supply.
On the figures reported, Bitmine’s 4.9% share of Ethereum’s circulating supply suggests the company is operating at a scale where small percentage movements can translate into very large absolute changes. The market relevance is straightforward: such concentrated holdings can become a focal point for investors tracking institutional-style Ethereum exposure through public equity.
Large unrealized losses persist despite market recovery
Even with the apparent tailwind from a broader market recovery, Bitmine’s balance sheet still reflects the cost of accumulating through a downturn. According to DropsTab data, the company is currently sitting on roughly $5.1 billion in unrealized losses on its Ether holdings.
These paper losses are consistent with the idea that Bitmine continued accumulating during a period when Ether and the broader crypto complex were under pressure. The source notes that the downturn began in the fourth quarter of last year, driving significant declines across crypto markets. In that context, the fact that Bitmine is still deep in negative unrealized territory helps explain why the share performance and narrative are likely to stay tied to how much of the recovery is sustained rather than how the portfolio performs in isolation.
For investors, the key nuance is that unrealized losses do not mean realized capital destruction—Bitmine’s approach appears to be holding rather than trading around market swings. But if volatility increases again, the magnitude of unrealized losses can also amplify skepticism about whether continued accumulation during risk-off periods is improving the long-term average entry or simply delaying recovery.
Chairman Tom Lee points to ETH outperformance since June 30
Bitmine chairman Tom Lee said Ether, Bitcoin, and Solana have been among the best-performing major assets since June 30, with ETH leading the gains. His comments frame the company’s accumulation strategy around relative performance and momentum in the market rather than a single catalyst.
Lee also argued that this setup could encourage institutions to add to crypto holdings. He linked that potential shift to what he characterized as crypto’s outperformance versus other macro assets in the third quarter so far.
While the statement is broad, it matters because it connects Bitmine’s actions—systematic accumulation—with a broader institutional thesis. Publicly traded vehicles that hold large crypto treasuries often get attention when the market believes institutions are reallocating. For readers, the question becomes whether ETH’s relative strength persists beyond short-term cycles, especially after a multi-month rebound.
Bitmine shares react as the ETH treasury expands
Bitmine’s NYSE-traded shares (BMNR) were up 1.3% on Monday morning, trading at $24.09 per share. Yahoo Finance data indicated the stock was positioned to end the month with close to a 40% increase, based on its performance at the time of reporting.
This matters for two reasons. First, the market is effectively pricing the continued expansion of Bitmine’s Ether exposure, which can influence investor sentiment toward companies holding crypto as a treasury asset. Second, because Bitmine still reports large unrealized losses, equity market reactions can serve as a barometer for whether investors are comfortable with drawdowns in exchange for a longer-term accumulation plan.
What to watch next for Bitmine and Ethereum exposure
Readers should watch whether Bitmine can continue its weekly pace without interruption and how quickly unrealized losses narrow as Ether’s price and broader risk sentiment evolve. Just as importantly, attention will likely focus on whether ETH’s recent relative outperformance—highlighted by Tom Lee—continues long enough to validate the “institutional re-risking” argument behind treasury building through volatile cycles.
This article was originally published as Bitmine Reaches 4.9% of Ethereum Supply After Adding 53.5K ETH on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Webull, the retail trading platform known for commission-free stocks and options, is taking a bigger step into digital assets by expanding its Canadian offering to include cryptocurrency trading. The move adds Canada to Webull’s existing crypto footprint, which already includes the United States, Australia, and Brazil.
According to Webull’s announcement, the company will use Coinbase’s Crypto-as-a-Service (CaaS) infrastructure for its Canadian crypto capabilities, with Coinbase handling the underlying trading and custody functions. Webull’s Canadian website currently lists 10 cryptocurrencies—among them Bitcoin, Ether, and Solana—while also indicating that additional assets may be available later.
Key takeaways
Webull’s Canada launch brings cryptocurrency trading to a platform that already offers stocks, ETFs, and options for retail users.
The service is powered by Coinbase’s Crypto-as-a-Service, with Coinbase providing trading and custody.
Webull points to rising Canadian interest in crypto, citing Ontario Securities Commission research showing ownership growth.
Canada’s regulatory work—including a federal stablecoin framework effort—remains a key backdrop for future product expansion.
Why Webull is adding crypto in Canada
Webull framed the expansion around increased retail engagement with digital assets in Canada. The platform referenced research from the Ontario Securities Commission (OSC), which it says indicates crypto ownership climbed to 25% this year from 10% in 2023.
The underlying message for investors and traders is straightforward: Webull is responding to demand for broader brokerage-style access to crypto, not just standalone exchanges. For Canadian retail users who already use Webull for traditional markets, the addition of crypto could reduce friction—bringing a familiar interface and account setup to a category that many consumers previously accessed through separate platforms.
Webull’s Canadian crypto offering currently shows 10 coins, including Bitcoin, Ether, and Solana. The site also signals that more assets may be offered, though the announcement does not specify which additional tokens are planned.
How Coinbase custody and trading infrastructure fits in
Webull’s approach in Canada relies on third-party infrastructure rather than building custody and execution systems from scratch. The company said its Canadian crypto offering will run on Coinbase’s Crypto-as-a-Service, with Coinbase responsible for both trading operations and custody.
For users, this structure matters because custody and execution are among the most operationally sensitive parts of any crypto brokerage experience. By outsourcing these elements, Webull can focus on front-end onboarding, account access, and the user experience, while Coinbase provides the infrastructure behind the scenes.
Canada’s regulatory momentum—and stablecoins in focus
Crypto product launches in Canada are unfolding alongside ongoing regulatory efforts to clarify how the industry should operate. Webull pointed to the broader picture: regulators are working on clearer rules, including a federal framework for stablecoins.
While Canada still lacks comprehensive rules for fiat-backed stablecoins, the Stablecoin Act—introduced after the 2025 federal budget—would establish requirements for both domestic and foreign issuers. This is a notable development because stablecoins are often central to on-ramps and trading ecosystems. When stablecoin rules are uncertain, exchanges and brokerage services can face additional constraints or hesitation around integration depth and asset selection.
The stablecoin framework also signals that Canadian regulators are moving toward more structured oversight, which can influence how quickly platforms expand beyond spot crypto and into additional product categories later on.
What Canadian users should watch next
With Webull adding crypto to a retail brokerage platform and running it via Coinbase’s custody and trading infrastructure, the immediate question for users is not just which coins are available today, but how the offering evolves. Webull’s website already lists 10 assets and indicates further availability, and investors should monitor for updates as the platform potentially expands its supported cryptocurrencies.
More broadly, readers may also want to track how Canada’s stablecoin regulatory efforts progress. As stablecoin requirements become clearer, platforms that rely on compliant issuance and oversight may have more room to broaden offerings—particularly for products that intersect with fiat settlement and trading liquidity.
This article was originally published as Webull Launches Crypto Trading in Canada With Coinbase Pact on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Webull, a self-directed brokerage and trading platform, is widening its Canadian product lineup by adding cryptocurrency trading for retail customers. The expansion arrives as the country’s regulators continue laying groundwork for clearer rules across parts of the digital-asset market.
Webull said Monday that its Canada crypto offering will be powered by Coinbase’s “Crypto-as-a-Service” infrastructure. Under the arrangement, Coinbase is set to provide the underlying trading and custody capabilities that support Webull’s new crypto access in Canada.
Key takeaways
Webull is launching crypto trading in Canada, expanding beyond stocks, ETFs, and options available to its retail user base.
The service will run on Coinbase’s Crypto-as-a-Service, with Coinbase handling core trading and custody functions.
Webull points to rising Canadian interest in crypto, citing Ontario Securities Commission research on ownership growth.
Regulatory clarity is still developing in Canada, including work on a stablecoin framework that would apply to both domestic and foreign issuers.
Webull adds crypto to its Canadian retail platform
Webull’s Canadian website currently displays 10 cryptocurrencies, including well-known assets such as Bitcoin and Ether, along with Solana. The platform also indicates that additional cryptocurrencies are available beyond the initial list, suggesting a staged rollout or expanding selection after launch.
For investors who already use Webull for traditional markets, the move effectively brings digital assets into the same self-directed ecosystem. That matters because crypto access through mainstream brokerage-style interfaces can lower friction for retail users who prefer established platforms and consolidated account experiences rather than switching between exchanges and wallets.
Coinbase infrastructure sits underneath the offering
Webull did not present its own trading or custody stack for Canada in its announcement. Instead, it said the company’s crypto offering will rely on Coinbase’s Crypto-as-a-Service infrastructure.
In practical terms, this means Coinbase supplies critical back-end services—specifically trading operations and custody—while Webull acts as the front-end platform for Canadian users. This kind of partnership can be attractive for brokerages that want to add new asset classes without building and operating complex custody and trading systems from scratch.
Webull cites Canadian demand and regulator momentum
As a justification for the expansion, Webull pointed to growing crypto adoption in Canada, including findings from Ontario Securities Commission research. According to the OSC, digital asset ownership has risen to 25% this year from 10% in 2023.
The company also highlighted that broader regulatory activity is underway. Canada is working toward more explicit rules for parts of the crypto industry, with attention not only on exchange-like services but also on stablecoins—an area that has become a focal point for regulators globally.
Stablecoin rules remain incomplete, but a framework is coming
While Webull’s immediate product is spot cryptocurrency trading, the regulatory direction in Canada affects how stablecoin-linked products and services may develop over time. The announcement noted that Canada does not yet have comprehensive rules specifically for fiat-backed stablecoins. However, a pathway is taking shape.
The Stablecoin Act, introduced following the 2025 federal budget, is intended to establish requirements for both domestic and foreign stablecoin issuers. In addition to its domestic impact, that “foreign issuer” angle is significant because it can influence whether international stablecoin brands can operate under Canadian standards and what disclosures or operational controls they would need to meet.
Investors watching crypto in Canada will likely view this as an important medium-term signal: platforms and liquidity providers typically want stablecoin arrangements that align with clear legal expectations before expanding product offerings tied to fiat-pegged assets.
Webull’s Canada launch raises the near-term question of how its crypto lineup will evolve—whether the initial 10 assets remain limited or broaden quickly—and whether regulators’ stablecoin framework ultimately accelerates or reshapes the range of digital-asset products available to retail users.
This article was originally published as Webull Launches Crypto Trading in Canada via Coinbase Partnership on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin traded around the $78,000 area at the open of Wall Street on Monday as US bond yields pushed back toward multi-year highs. The move tied back to fresh comments from US Treasury Secretary Scott Bessent, who signaled the Treasury was considering further action at the long end of the curve, even as yields continued climbing.
BTC/USD’s intraday swings stayed relatively contained at first, but crypto traders were clearly watching the same macro driver again: higher yields tend to tighten financial conditions and can reduce appetite for risk assets—including digital tokens—especially when investors start pricing sustained strength in the long end of US rates.
Key takeaways
Bitcoin rebounded during the US session after Scott Bessent told CNBC he had not yet purchased long-dated bonds, while implying further intervention was possible.
US 10-year yields were back near their highest levels since January 2025 (4.76% cited), and the 30-year yield approached levels not seen since January 2007.
Despite BTC holding the 50-week EMA near $77,269, traders flagged an emerging bearish divergence on the daily RSI ahead of the August monthly close.
Market participants are balancing Treasury debt-buyback announcements against skepticism that policy changes can reliably steer bond pricing.
Bessent’s CNBC interview brings a quick BTC bounce
According to TradingView data referenced in the report, BTC/USD traded in a tight range early in the session, up roughly 1% on the day after a dip around the start of US trading. The rebound came alongside comments from Bessent in an interview with CNBC, where he emphasized that he had not yet taken steps to directly support the long end of the yield curve—specifically the 10-year and 30-year segments.
“I haven’t bought anything yet,” Bessent said on CNBC, adding that he was “fine” with yields rebounding following the latest Treasury messaging. The exchange mattered for traders because even hints about intervention in long-duration Treasuries can change expectations for real yields and the broader discount rate applied to future assets.
Earlier this month, the Treasury announced it would at least double the size of its debt buyback transactions to $4 billion from September. The report notes that yields fell after that announcement, but Monday’s trading showed the follow-through was limited: the 10-year yield was cited at 4.76%, returning to its highest levels since January 2025.
On the long end, the 30-year yield reached 5.269% on Monday—just six basis points short of its highest level since January 2007. In other words, while the Treasury talked, rates kept pressing higher, reinforcing the idea that the bond market’s interpretation of policy remains cautious and reactive.
Bond investors question whether policy is actually steering yields
One of the sharper reactions cited came from The Kobeissi Letter, which argued that “the bond market appears to be completely ignoring the US Treasury.” The post, shared on X, framed the issue as a mismatch between official actions and what investors are pricing into the yield curve—particularly as the 30-year rate moves close to long-unobserved territory.
The report also referenced earlier skepticism from Ray Dalio regarding the likelihood that the Treasury can control bond behavior under the new program. Dalio, in a post earlier covered by Cointelegraph, reportedly pointed to both Bitcoin and gold as potential hedges if investors conclude that debt markets cannot be stabilized through policy measures.
While Dalio’s remarks were not market guidance in the strict sense, they reflect a broader debate that matters to crypto: when yields rise and investors worry about long-term debt dynamics, some participants look for alternative stores of value outside traditional fixed income.
Stocks slip as geopolitical headlines feed risk caution
Bitcoin’s macro sensitivity showed up again in cross-asset price action. The report states that US equities traded lower, with both the S&P 500 and Nasdaq Composite around 0.4% down at the time. It attributed the pressure to market concerns tied to new US-Iran strikes, which filtered into investor sentiment during the session.
For crypto traders, this combination—rising yields alongside softer equity sentiment—often means fewer tailwinds. Even when BTC finds support on technical levels, broader risk conditions can cap upside until the macro picture stabilizes.
Technical watch: 50-week support holds, but daily RSI divergence warns
On the chart, the report highlighted Bitcoin’s ability to hold a key long-term reference point. Ahead of the August monthly candle close, BTC/USD maintained its 50-week exponential moving average (EMA) at $77,269, described as support. Cointelegraph previously framed this area as a “line in the sand” for bulls.
At the same time, momentum signals looked less convincing. The trader and analyst Rekt Capital warned of a “hidden bearish divergence” forming on daily time frames between price action and the relative strength index (RSI). The report notes that while RSI signals on the weekly chart have been bullish, the daily readings suggested waning momentum.
Rekt Capital cautioned followers that if the daily RSI continues to print lower highs, it could “contribute to mounting weakness here,” according to the X post cited in the report. On Monday, daily RSI was reported at 70.7—still within the “overbought” band, but potentially relevant because divergence often appears when an asset begins to struggle to sustain strength despite elevated momentum readings.
In practical terms for traders, the tension is clear: Bitcoin is holding a major trend indicator (the 50-week EMA), yet a shorter-term momentum warning suggests any late-month weakness could deepen if price can’t reclaim upside traction.
What to watch into the August monthly close
With the August monthly candle approaching, investors will likely focus on whether Bitcoin can hold the 50-week EMA around $77,269 while daily RSI divergence plays out. At the same time, the next developments in the bond market—especially around long-end yields near recent highs—will remain a crucial variable, since the day’s BTC movement was closely linked to Treasury messaging that did not immediately halt the rise in rates.
This article was originally published as Bitcoin Fluctuates as US Bond Yields Target a New 20-Year High on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitmine Immersion Technologies has kept adding to its Ether stash, extending a buying streak that now stretches 65 consecutive weeks. The company purchased an additional 53,501 ETH last week, a move that arrives as a broader market rebound has supported the value of its digital-asset portfolio even as earlier-cycle drawdowns continue to weigh on reported results.
According to the latest figures cited in DropsTab data, Bitmine’s holdings now total more than 5.9 million ETH. Based on an Ether reference price of $2,511 as of Sunday, the stake is valued at roughly $14.8 billion—placing the company at about 4.9% of Ethereum’s 120.7 million circulating supply and keeping it close to its publicly stated goal of reaching a 5% ownership level.
Key takeaways
Bitmine added 53,501 ETH last week, maintaining a 65-week consecutive Ether accumulation streak.
The company’s ETH holdings are now above 5.9 million ETH, roughly $14.8 billion at a $2,511 reference price.
Bitmine controls about 4.9% of Ethereum’s circulating supply, narrowly below its goal of 5%.
DropsTab estimates Bitmine is still down about $5.1 billion in unrealized losses on its Ether position.
Chairman Tom Lee highlighted ETH’s strong relative performance versus major crypto assets since June 30.
Buying streak continues as Ether’s price recovery lifts portfolio marks
Bitmine’s latest acquisition brings a steady cadence of purchases through a period that has been challenging for the asset. The company’s accumulation began during a downturn that started in the fourth quarter of last year, when Ether and the wider crypto market moved sharply lower.
While the new purchases increase the number of ETH held, the impact on investor perception depends on what happens next to Ethereum’s price. The portfolio’s marked value has benefited from the recovery referenced in the report, but the balance sheet still reflects substantial drawdown from earlier purchases.
Using DropsTab’s estimates, Bitmine is currently sitting on approximately $5.1 billion in unrealized losses tied to its Ether holdings. Those paper losses underscore a key dynamic for long-term accumulation strategies: even if weekly buying continues unabated, improvements in market prices may take time to erase declines from the earlier portion of the cycle.
How close Bitmine is to a 5% ownership target
With more than 5.9 million ETH in its treasury, Bitmine is nearing a milestone that it has framed as a strategic objective. The report says the company owns around 4.9% of Ethereum’s 120.7 million circulating supply. That implies only incremental future purchases may be needed to cross its 5% target, assuming circulating supply estimates remain comparable.
For investors, this matters because large, persistent holders can influence how the market interprets supply distribution—especially in a network where the narrative often centers on scarcity and long-term demand. Although Bitmine’s purchases are not described as an attempt to influence short-term price, approaching a specific ownership threshold can become a reference point for sentiment as more institutions evaluate exposure to Ethereum.
Even so, the degree of closeness to the goal should be watched alongside two moving pieces: Ethereum’s circulating supply figures and the pace of Bitmine’s continuing weekly buying. Any changes in either could shift how quickly a 5% stake is reached.
Tom Lee points to relative strength since late June
Bitmine’s chairman, Tom Lee, linked the company’s accumulation narrative to performance across major cryptocurrencies. He said Ether, Bitcoin (BTC), and Solana (SOL) have been the three best-performing major assets since June 30, with ETH leading the gains.
In remarks included in the report, Lee argued that this relative outperformance could encourage institutions to add crypto exposure, especially after the broader market demonstrated strength versus other macro assets during the third quarter.
That framing is relevant for readers because it ties Bitmine’s continued strategy to a macro-to-crypto rotation thesis: if crypto outperforms “other macro assets,” institutions that had been cautious may find it easier to justify increasing allocations. Still, the longer Bitmine sustains its weekly purchases through volatile price periods, the more it may reinforce a perception of conviction—whether or not market observers agree with the timing.
Shares move, but unrealized losses remain a central marker
Following the latest Ether purchase, Bitmine’s NYSE-traded shares (BMNR) were reported up about 1.3% on Monday morning, trading at $24.09, according to Yahoo Finance data. The same source was cited as suggesting the stock is positioned for an almost-40% increase by month-end.
Even with that near-term stock momentum, the report’s emphasis on unrealized losses provides a reminder that equity performance does not directly translate to the economics of the underlying crypto position. A share price can move on expectations about future valuation, while the treasury’s reported gains or losses depend on Ether’s price relative to historical acquisition costs.
That gap between market expectations and treasury accounting is often where volatility can show up for investors in crypto-linked public companies. If Ether continues its rebound, the scale of unrealized losses could narrow; if it falters, the losses could widen again—even as the weekly buying streak continues.
Earlier coverage from Cointelegraph highlighted Bitmine’s push toward the 5% ownership concept and referenced Ether breaking above key levels in the context of the company’s extended purchasing pace. The current update continues that same storyline, but with more concrete progress on total ETH held and the latest week’s accumulation.
As Bitmine remains in the market every week, the next things investors should watch are whether Ether’s price holds above the recent recovery range and how quickly Bitmine closes the remaining distance from 4.9% to its 5% target—alongside any changes in the size of its unrealized loss estimate from week to week.
This article was originally published as Bitmine Gains 53,500 ETH, Lifts Stake to 4.9% of Ethereum Supply on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Strive, a publicly traded asset manager and Bitcoin treasury company, has accelerated its Bitcoin accumulation by adding 1,800 BTC to its balance sheet over the week of Aug. 24–Aug. 28. The purchases, totaling about $143 million including fees and expenses, pushed the company deeper into the ranks of the largest publicly traded corporate Bitcoin holders.
CEO Matt Cole confirmed the acquisition on Monday, describing the buys as part of an ongoing strategy. According to the company’s reported figures, Strive paid an average of $79,431 per Bitcoin for the latest tranche.
Key takeaways
Strive bought 1,800 BTC for roughly $143 million between Aug. 24 and Aug. 28, including fees and expenses.
Holdings rose to 23,156 BTC, up from 21,356 BTC a week earlier.
The latest week’s accumulation accelerated gains: an adviser to Saturn Credit said the increase represented about 8.4% in five business days.
Strive moved up the corporate holder rankings, overtaking Bullish to become the fifth-largest publicly traded corporate Bitcoin holder, based on industry tracking.
Broader buying aligns with market rebound after a US Treasury policy update supported risk assets and helped Bitcoin recover.
Strive’s rapid accumulation lifts corporate ranking
The most recent week’s purchases raised Strive’s total Bitcoin holdings to 23,156 BTC, compared with 21,356 BTC just a week earlier. This continues a pattern of quicker ramp-ups rather than steady, slower additions.
Earlier coverage from Cointelegraph noted that Strive had already bought 1,110 BTC the previous week for roughly $81.5 million, at an average price of $73,409 per coin. Taken together, the two consecutive weeks show the company increasing its weekly pace while Bitcoin’s price moved higher.
Industry adviser Adam Livingston, an adviser to Saturn Credit, said the latest acquisition lifted Strive’s Bitcoin holdings by approximately 8.4% within five business days. That rate matters because it indicates Strive is not only adding to its treasury, but doing so at a speed that changes its relative position among other public corporate buyers.
Strive’s latest tranche also appears to have improved its standing in the corporate Bitcoin ecosystem. According to bitcointreasuries.net, the purchase helped Strive move ahead of Bullish, placing it among the world’s five largest publicly traded corporate Bitcoin holders.
What the timing suggests: policy-driven rebound and risk appetite
Strive’s buying comes during a period when Bitcoin and broader digital asset markets have been rebounding. Cointelegraph reported that the market recovery accelerated after the US Treasury Department announced plans to double the size of certain long-term bond buybacks on Aug. 19. That development helped push Treasury yields lower and supported risk assets.
In that context, Bitcoin rallied more than 23%, reaching a recent high above $81,000, as cited by Cointelegraph’s market coverage. For corporate buyers, such macro shifts can influence both funding conditions and the perceived opportunity cost of waiting for a better entry point.
Strive’s latest purchases—executed across Aug. 24–Aug. 28—therefore landed while the market was already regaining momentum rather than during a deep drawdown. However, the company still averaged $79,431 per BTC for the week, which reflects the ability of treasury-focused firms to deploy capital amid volatility and changing sentiment.
Strive isn’t the only corporate buyer: Strategy resumes after a pause
Strive’s acceleration is part of a wider wave of corporate Bitcoin activity. Cointelegraph noted that Michael Saylor’s Strategy, the largest publicly traded corporate Bitcoin holder, announced Monday that it resumed buying BTC for the first time since June.
Strategy said it purchased 4,603 Bitcoin at an average price of $80,318. The acquisition reportedly lifted its holdings back above 845,000 BTC following four Bitcoin sales since May.
For investors watching corporate treasuries, this is an important contrast: some companies reduce exposure through sales to fund operations or manage balance-sheet priorities, while others treat market dips and rebounds as opportunities to rebuild or expand reserves. Strategy’s decision to restart buying after a sales period aligns with the broader market recovery narrative, while Strive’s continued buildup suggests it is prioritizing steady expansion of its treasury.
Why the corporate race matters for the market
The competitive dynamics among publicly traded Bitcoin holders are more than a ranking exercise. When large buyers increase their reserves, it can reinforce confidence in Bitcoin as a reserve asset and add an additional layer of demand that is not directly tied to short-term retail sentiment.
At the same time, the data shows how quickly positions can change. Livingston’s estimate that Strive’s Bitcoin holdings rose by about 8.4% in five business days illustrates how capital deployment pace can quickly alter relative standings. Strive went from holding 21,356 BTC to 23,156 BTC in roughly a week, a magnitude that’s large enough to shift it up the corporate leaderboard.
Still, readers should note that these developments don’t necessarily reveal Strive’s longer-term target or whether the firm plans to keep increasing its pace. The filings and purchase windows in the reporting provide a snapshot of current behavior, but the sustainability of the acceleration depends on future balance-sheet capacity, financing decisions, and how management responds as market conditions evolve.
With Bitcoin back above key levels cited in recent reporting, and corporate buyers reactivating or accelerating purchases, the next thing to watch is whether Strive maintains this speed of accumulation in the weeks ahead—and whether other major publicly traded treasuries follow Strategy’s lead in restarting or extending buy programs.
This article was originally published as Strive Acquires 1,800 Bitcoin for $143M, Ranks No. 5 Among Firms on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

In March, an almost-dead Bitcoin wallet suddenly resurfaced and moved about $1 million worth of BTC through a large centralized custodian—only for nearly the same amount to be sent back three weeks later. Less than two months after that brief “round trip,” the same stash was intentionally destroyed by sending it to an unspendable address.
The episode sits within a broader puzzle highlighted by blockchain researchers: multiple BTC-burning transactions in May, totaling 107 BTC (worth roughly $8.5 million at the time). New wallet-cluster analysis suggests the burn-related addresses were likely controlled by the same individual, raising the question of why someone would deliberately destroy coins that represent long-held value.
Key takeaways
One dormant wallet moved 20.00010537 BTC through an unidentified major custodian and then received 20.00006037 BTC back about three weeks later—an outcome difficult to square with typical trading.
Five separate wallets later burned their BTC, and Chainalysis reported “strong indicators of common ownership” linking them.
Most of the funds behind the burn can be traced back to Mt. Gox-era origins, suggesting an early adopter connection.
Researchers cannot confirm why the coins were destroyed; even CoinShares-class level of onchain forensics can’t determine intent from transaction history alone.
A possible clue emerges from repeated transfers clustered around similar dollar values (about $10,400), hinting at a planned approach—but not fully explaining the March round trip.
A dormant wallet returns—and immediately interacts with a custodian
Blockchain educator Bennet described a wallet that lay dormant for nearly 12 years before suddenly moving 20.00010537 BTC to “a custodian of some kind,” according to his analysis. Three weeks later, almost the entire balance returned, minus only a very small difference (about $3). Bennet characterized the pattern this way: the full balance went out to what appeared to be an exchange hot wallet and nearly the same amount came back three weeks later; then, seven weeks after the return, the funds were burned.
What makes the sequence notable is its symmetry. Burning is irreversible on-chain, but the “round trip” suggests the private keys behind the dormant wallet were actively used—not merely to let funds sit, but to interact with custodial infrastructure, retrieve the coins, and then choose a terminal outcome.
Bennet’s observation aligns with a timing link to a wider narrative of BTC destruction. Earlier coverage connected the broader mystery to 107 BTC burned in May, described as worth approximately $8.5 million at the time. The March event may be part of the same story, even though the chain of custody is obscured once the coins enter custodian systems.
Chainalysis: the burn wallets point to one controller
Chainalysis analysis, as summarized by Bennet and repeated in the coverage, indicates that five wallets ultimately responsible for destroying BTC show “strong indicators of common ownership.” In other words, the on-chain behavior suggests the same party controlled these addresses at some point.
The wallets were reportedly funded on the same day in April 2014. From there, each address sent BTC to the same deposit address at a large centralized exchange. Researchers also noted a rotational pattern: one address would transmit BTC to the exchange until its activity paused, then another would take over with transactions of similar cadence and dollar-equivalent value.
Chainalysis further reported that most of the funds could be traced back to Mt. Gox, implying an early Bitcoin holder background. While the connection suggests origin, it does not prove the coins were withdrawn directly from Mt. Gox at the time it ceased trading in February 2014—because the five wallets were funded in April. Bennet argued it’s plausible the owner was among those who managed to get their coins out before the collapse.
Equally important: the custodian remains unidentified. Chainalysis confirmed it is a large centralized exchange, but it does not publicly disclose the names of the services it identifies. Bennet’s interpretation is that the deposit address behaves like a static customer address within a custodian—one that doesn’t maintain a meaningful balance itself because deposits are swept and consolidated internally using an omnibus wallet approach. That design makes the coins’ subsequent fate hard to follow on the public blockchain.
The “$10,400” pattern—and why it may still be incomplete
One of the wallets involved in the burn later sent 19.6 BTC in 60 separate transactions to the same custodian between 2022 and 2024, according to the mempool-linked reference in the reporting. The BTC amounts varied widely—from roughly 0.15 BTC to 0.62 BTC—but when translated into dollars at the time of each transfer, the transactions were strikingly consistent.
Specifically, 58 of the 60 transfers were within 10% of approximately $10,400 per transaction. That implies the controller cared more about dollar totals than fixed BTC amounts. Bennet suggested the behavior could reflect a planned liquidation strategy.
However, the pattern has limits. The blockchain cannot prove whether those dollars were realized through a sale, held, or moved onward, because once funds hit a custodian they are mixed with many other inputs and consolidated internally. Researchers also noted that while the payment size was broadly constant, transaction frequency was not; transfers arrived in clusters rather than a perfectly regular automation schedule. Bennet viewed that as more consistent with sending a fixed-dollar amount when conditions required it, rather than a purely automated periodic process.
Still, even if the “$10,400” behavior hints at strategy, it doesn’t close the gap around the March event—particularly the fact that the wallet sent almost exactly the same amount out and got almost the same amount back shortly afterward.
The $1 million “round trip” doesn’t fit a simple trading explanation
After remaining untouched for roughly 12 years, the dormant wallet moved its entire balance of 20.00010537 BTC and received 20.00006037 BTC back—leaving a tiny difference of about 4,500 satoshis (around $3). The returned Bitcoin was split into three transactions of 7 BTC, 7 BTC, and 6.00006037 BTC, sent over three consecutive days.
Bennet argued that the use of round numbers may align with custodial withdrawal limits. More importantly, the coins did not just reappear somewhere else—they returned to the same address that had sent them to the custodian.
The transaction history also suggests the same private key holder controlled the wallet before and after the round trip. Bennet noted that using the BTC in March would have required the private key to authorize the custodian movement, and burning it in May required the key again. That shared key linkage makes the sequence particularly difficult to interpret as a straightforward exchange workflow where funds simply change hands.
The central tension is clear: if the activity were primarily about trading or liquidation, the near-identical “go out, come back” outcome appears unusually tight, especially given the custodial mixing that otherwise obscures on-chain details.
So what was the point of a deliberate burn?
Multiple explanations have been floated, but the available evidence doesn’t neatly select one. The liquidation theory helps rationalize earlier patterns—especially the “$10,400” clustering and the apparent rotational funding to the same custodian—but it does not readily explain why the controller would send roughly $1 million through the same infrastructure in March and then retrieve virtually all of it.
One alternative possibility is that the controller was testing an old custody setup or wallet—verifying that after a long dormancy, coins could still be moved through a major custodian and returned successfully. Yet that still leaves the subsequent decision to destroy the BTC.
Tax or compliance narratives could also be imaginable: someone might reorganize assets through recognized custody channels for record-keeping. But the reporting notes there is no evidence tying these actions to any specific regulatory or tax event.
Privacy is another candidate. Sending BTC through a custodian that sweeps deposits into an omnibus wallet can make on-chain tracing more difficult after the point of deposit. Still, privacy alone doesn’t clarify why the coins later ended up burned rather than merely secured.
Bennet also suggested a more personal motive: someone without heirs might have chosen to permanently reduce Bitcoin’s circulating supply by burning rather than destroying private keys. He also emphasized that this hypothesis is not provable purely via blockchain analysis.
Chainalysis, as cited in the coverage, effectively summed up the current limitation: it does not have a clear explanation for why the owner would move a long-dormant stash through a custodian, retrieve roughly the same amount, and then burn it deliberately.
In other words, the blockchain records the “what” with unusual clarity, but not the “why.”
The next thing to watch is whether more tracing work identifies the custodian involved in the March round trip and in the May burn-linked transfers, or whether additional wallet-cluster research finds consistent behavioral links across other dormant-to-active Bitcoin movements. Without that, the most important unknown remains intent—and intent is the one variable onchain forensics can’t conclusively measure.
This article was originally published as Why an Early Bitcoin Holder Burned $1M: Mystery Explained on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The Bitcoin price is getting ready for another critical test near the $80,000 level, although there seems to be a confusing environment on the charts. The technical picture looks a bit weak in the short term, while on-chain metrics remain stable. That keeps the trading range for BTC quite narrow, from $77,000 to $80,000.
Key Takeaway
Bitcoin is heading toward an important resistance point at $80,000; a breakout here can take the price closer to $88,000-$90,000.
Near-term momentum looks weak as BTC trades close to key support levels at $77,000-$78,000.
There are no major developments on the chain front, with active addresses holding steady close to 680,000 and transactions ranging from 550,000 to 600,000 per day.
Below $77,329 could add more pressure to the bearish side, while failure to hold above $70,000-$71,000 may worsen the outlook.
Bitcoin Price Faces Resistance Near $80,000
Bitcoin recently rejected at the 50-week moving average, according to crypto analyst Ted Pillows. But Bitcoin managed to close above its 50-week exponential moving average (EMA), meaning the overall technical setup is not in breakdown territory just yet.
In his analysis, Pillows indicated that regaining control of the 50-week moving average might pave the way for Bitcoin toward $88,000-$90,000, while giving up the 50-week EMA may cause the price of Bitcoin to fall toward $74,000.
bitcoin:native got rejected from the 50W MA but managed to close above the 50W EMA.
If Bitcoin reclaims the 50W MA, a pump to $88,000-$90,000 could happen next.
If BTC loses the 50W EMA, it could drop to $74,000. pic.twitter.com/ngqkkBG6OH
— Ted (@TedPillows) August 31, 2026
The weekly chart puts the 50-week simple moving average (SMA) around $80,326.65, while the 50-week EMA sits near $77,329.10. That makes the current area particularly important. Bitcoin is trading between the two averages, with the 50-week EMA acting as nearby support and the 50-week SMA sitting just above $80,000 as resistance.
There is also a larger support zone below the market. The Bull Market Support Band is currently around $70,102-$71,052. A drop toward this area would mean a deeper pullback, while a weekly close below $70,102 would be a more serious warning for the broader bullish structure.
Daily Chart Shows Bitcoin Losing Some Momentum
The daily chart tells a similar story, with Bitcoin stuck between short-term support and key resistance levels. BTC is currently trading at $78,287, while the 9-day EMA is at $77,330. As long as it continues to trade above this moving average, short-term support holds up. The situation could change quickly if BTC closes below the 9-day EMA, which could put $75,000 back in focus, followed by the $70,000 area if selling pressure continues.
For the bulls, however, $80,000 remains the level to watch. Bitcoin’s daily Relative Strength Index (RSI) is around 70.34, putting momentum close to the traditional overbought zone. The RSI is still below its upper band near 75.95, though, so there is room for momentum to increase if Bitcoin manages to break higher. A move above the upper RSI band alongside a clean break above $80,000 would strengthen the bullish case.
The 4-hour chart is less encouraging in the short term. Bitcoin is trading below its 9-period EMA at $78,143, and the RSI is at 46.81. Also, the RSI is trading below its signal line at 48.72, implying bearish momentum in the short term.
However, the first level that needs to be watched is $77,900. Should the price find support at $77,900, there would be hope of pushing toward $80,000 once again. Breaking down from $77,900 would make a move toward $75,000 and $72,000 possible. Retaking $78,143 on the other side would improve the near-term picture.
Bitcoin On-Chain Activity Remains Steady
While the charts are showing some short-term weakness, Bitcoin’s network activity tells a different story. The analysis puts Bitcoin’s market capitalization at around $1.61 trillion, with BTC trading near $78,000. Despite recent consolidation, market capitalization has remained relatively stable.
That suggests Bitcoin’s overall valuation has not experienced a major breakdown while the price has moved sideways. Active addresses are also holding up relatively well. The provided Glassnode data shows around 680,000 active addresses, with activity generally fluctuating between approximately 640,000 and 680,000.
This is worth watching because a sharp and sustained decline in active addresses could point to weakening network participation. So far, however, there has not been a major drop of that kind.
Transaction activity also remains fairly healthy. Daily transactions generally sit between 550,000 and 600,000, although there have been periods where activity jumped toward 750,000-$900,000. In other words, Bitcoin’s price may be struggling to push higher, but the network itself is still seeing meaningful activity.
Bitcoin Price Outlook: $70,000 And $80,000 Are The Key Levels
Put everything together, and Bitcoin is essentially stuck between two major zones. On the other hand, bulls should aim for $80,000, and once a break above that level is seen, eyes will be on the next targets of $84,000, $87,000, and ultimately $90,000. Breaking above the 50-week moving average on a weekly chart at $80,326 again will send a positive signal to the market.
On the downside, the critical levels start with the 50-week EMA at $77,329. A breach of this level will add more downward pressure, with $75,000 becoming relevant. Beneath that is the range of $70,000-$71,000, which becomes increasingly more crucial. A close beneath $70,102 will weaken the overall bullish setup, putting Bitcoin back into the support zone of $63,400-$61,800.
For now, Bitcoin is caught in a tug-of-war. Short-term technical indicators are showing signs of weakness, but on-chain activity remains relatively stable. This means the upcoming move is very significant. Breaking out above $80,000 would help rekindle bullish sentiment toward the $90,000 area, whereas breaking down below the support levels would weaken the bullish setup significantly.
Disclaimer
This analysis is based on market trends and does not guarantee future results. It should not be treated as financial advice. Cryptocurrency investments involve risk, so always do your own research (DYOR) before investing.
[contact-form][contact-field label="Name" type="name" required="true"/][contact-field label="Email" type="email" required="true"/][contact-field label="Website" type="url"/][contact-field label="Message" type="textarea"/][/contact-form>
This article was originally published as Bitcoin Price Faces $80,000 Test As Technical And On-Chain Signals Diverge on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Strategy has resumed Bitcoin purchases after a brief pause, acquiring 4,603 BTC for $370 million, according to a Monday Form 8-K filed with the U.S. Securities and Exchange Commission. The transaction raises the company’s total treasury to 845,050 BTC.
In the filing, Strategy reports an average purchase price of $80,318 per Bitcoin, bringing cumulative acquisitions to $63.3 billion at an average cost of $75,413. The company funded the buy using net proceeds from a 602 million MSTR common stock sale, while also allocating part of those proceeds to corporate cash and share repurchases.
Key takeaways
Strategy bought 4,603 BTC for about $370 million at an average price of $80,318, lifting treasury holdings to 845,050 BTC.
The purchase was funded through net proceeds from a 602 million MSTR common stock sale, with additional uses including cash and STRC repurchases.
The deal marks Strategy’s first corporate Bitcoin acquisition since mid-June, when it purchased 1,587 BTC for roughly $100 million.
Preferred stock STRC remains central to Strategy’s funding model, and trading below par can constrain the company’s ability to raise capital via STRC sales.
A funded Bitcoin buy adds to Strategy’s 2026 accumulation
The SEC filing details how the 4,603 BTC acquisition was executed and financed. Strategy paid an average of $80,318 per Bitcoin, resulting in a total purchase price of $370 million. After this addition, its Bitcoin holdings stand at 845,050 BTC, reflecting ongoing accumulation rather than a shift to a hedging or diversification strategy.
Strategy also used the financing package to manage near-term corporate balance sheet priorities. The filing says $30 million of the net proceeds was directed to increase Strategy’s USD cash reserve, while $151.8 million went toward repurchasing preferred STRC stock. That split highlights a familiar pattern for the company: continuing BTC accumulation while simultaneously smoothing funding mechanics tied to preferred shares.
Why the STRC discount matters for future treasury moves
STRC—Strategy’s perpetual preferred stock—trades based on expectations for how the company will fund Bitcoin purchases and dividends. On Monday pre-market trading, Yahoo Finance data showed STRC changing hands at $97.33, about a 2.67% discount to its intended $100 par value.
In practice, that discount can affect Strategy’s ability to raise funds efficiently through STRC issuance. The article’s background context notes that trading below par limits how much capital the company can attract via STRC sales. If that continues, investors may watch whether Strategy compensates by adjusting nominal dividend expectations to keep STRC competitive—potentially increasing pressure on its cash flows.
Strategy’s preferred-share structure has been a key part of its “capital framework,” which it outlined in a prior SEC filing dated June 29. Earlier coverage from Cointelegraph described how Strategy’s framework allows Bitcoin sales to fund dividends and increased the annual dividend rate on STRC to 12%. The combination of BTC accumulation, dividend policy, and STRC market pricing is the balance Strategy is currently managing as it scales treasury size.
Signals from Saylor and what changed since mid-June
The new purchase comes after a pause. Strategy’s most recent previously reported corporate Bitcoin acquisition occurred in mid-June, when the company bought 1,587 BTC for roughly $100 million. The Monday filing therefore marks a clear resumption of corporate buying after that earlier tranche.
The timing also aligns with messaging from Strategy’s co-founder and executive chairman, Michael Saylor. Cointelegraph previously reported that Saylor had signaled the company was “back to Bitcoin buying.” On Sunday, he posted “We’re Back” in a widely viewed X post—an approach he has used before major treasury announcements.
While the purchase itself is confirmed by the SEC filing, the sequence of Saylor’s public signaling followed by an official 8-K underscores how investors often treat weekend social posts as potential precursors to larger corporate actions. For traders, the practical takeaway is that corporate treasury updates tied to preferred-stock financing may reintroduce event-driven volatility around MSTR and STRC even when spot market conditions are unchanged.
Market reaction and the next things investors should monitor
In pre-market trading on Monday, Nasdaq-traded MSTR was up less than 1%, after falling more than 7% on Friday, as reflected in the reporting context provided alongside the announcement. STRC, meanwhile, rose modestly in pre-market activity, up 0.44% to $97.33.
Looking ahead, investors should watch whether STRC continues to trade near its par value or remains discounted—because that can influence the company’s ability to fund future Bitcoin purchases using its preferred-share mechanism. The company’s next filings will also matter: Strategy has already shown it can adjust capital allocation across BTC purchases, cash reserves, and preferred-share repurchases, depending on where funding channels are most effective.
For now, the confirmed addition of 4,603 BTC provides another data point that Strategy’s treasury strategy is still actively tilted toward accumulation—while its financing structure, particularly STRC pricing versus par, remains a critical variable for how quickly it can scale further.
This article was originally published as Strategy’s First Corporate Bitcoin Buy Tops $370M Since June on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Crypto projects are leaning harder into a strategy more familiar from traditional finance: buying back their own tokens. So far in 2026, projects have reportedly spent a record $638 million on token buybacks, according to data compiled by Allium Labs and cited by the Financial Times in a report released Monday.
That total highlights a clear concentration. Hyperliquid and Pump.fun together account for the majority of the year-to-date figure, with Hyperliquid responsible for roughly $370 million and Pump.fun nearly $200 million, as reported by the Financial Times based on Allium Labs’ dataset.
Key takeaways
Year-to-date token buybacks reached $638 million in 2026, per Allium Labs data cited by the Financial Times—up from $545 million over the same period in 2025.
Hyperliquid and Pump.fun dominate the activity, together accounting for roughly $570 million of the $638 million total.
Buybacks are still uncommon in crypto, but more issuers are now using revenue to fund repurchases and support token value.
Following an Ethena Foundation vote proposal for fee revenue to be used for ENA buybacks, ENA rose 10.7% on the day after the announcement, according to the report.
HYPE and PUMP have outperformed the broader crypto market decline so far in 2026, based on TradingView-reported performance data.
Record buybacks, concentrated among a few protocols
The Financial Times report framed token buybacks as the crypto analogue to share buybacks: instead of supporting equity prices directly, projects repurchase their own tokens in an effort to bolster token valuation and returns for existing holders.
While this approach remains relatively rare across the broader industry, the numbers show it is no longer an edge-case tactic. Allium Labs’ figures—reported by the Financial Times—indicate buyback spending has accelerated sharply over the past year, rising to $638 million year-to-date in 2026 from $545 million in the same period of 2025. The earlier baseline from Allium Labs cited by the Financial Times shows much lower activity in 2024, at just $366,000.
Crucially, the activity is not evenly distributed. Hyperliquid’s buyback spend of roughly $370 million and Pump.fun’s nearly $200 million together represent the bulk of the year’s token repurchase momentum, suggesting that revenue-rich protocols with clear treasury mechanics are currently driving most of the trend.
How Hyperliquid and Pump.fun are funding repurchases
The performance of HYPE and PUMP appears tightly linked to that repurchase intensity. According to TradingView data cited by the report, HYPE is up 145% year-to-date and PUMP is up 109% year-to-date during a period when Bitcoin fell 10% and total crypto market capitalization declined by 11.9%.
Hyperliquid’s structure is especially aggressive: the report states Hyperliquid spends about 99% of its revenue on token buybacks. It adds that Hyperliquid reported $169 million in second-quarter revenue on Aug. 6, directing $141 million toward HYPE buybacks, citing prior coverage from Cointelegraph (link provided in the source material).
Pump.fun’s approach is similar in spirit but less extreme in percentage terms. The report says Pump.fun allocates about 50% of its net protocol revenue for token repurchases. It also notes the launchpad has $420 million in annualized revenue, based on average daily revenue over the past 90 days, referencing data presented in the source article.
For investors, the key takeaway is that these are not one-off buyback announcements; both projects appear to embed repurchases into how they use revenue. That can matter because sustained buyback programs may influence token holder expectations differently than occasional treasury actions.
Ethena enters the buyback conversation
The broader market dynamic is also shifting. On Thursday, the Ethena Foundation opened a vote on a fee-switch proposal, under which 95% of the net revenue paid to it from Ethena’s core business lines would be used to repurchase ENA tokens, according to the report.
The same coverage noted that the ENA token rose 10.7% on the day after the proposal was opened, suggesting traders are actively pricing in the possibility that revenue earmarked for repurchases could tighten supply or otherwise support valuation.
This matters beyond one token. As governance proposals proliferate, buybacks could become a more common tool for protocols seeking to align treasury use with tokenholder interests—particularly when those protocols have measurable and recurring revenue streams that can be redirected.
Why this trend could spread further
Momentum around token buybacks is beginning to attract mainstream portfolio analysis within crypto. Earlier in August, Bitwise chief investment officer Matt Hougan said, as referenced in the source article, that “crypto valuations could double” in the next two years as protocols increasingly use revenue to fund token buybacks and burns, returning more value to investors.
That prediction is not a guarantee, but the underlying logic is straightforward: if revenue consistently converts into repurchases (and potentially burns), the token’s economic value proposition can become more direct, rather than relying solely on speculation about adoption or network effects.
Still, readers should treat this as an evolving sector experiment rather than a uniform playbook. The same data point can have different implications depending on how a protocol determines buyback size, whether repurchases are executed regularly, and how token supply mechanics work in practice. Even within the report’s examples, the buyback intensity varies—Hyperliquid’s stated near-total revenue dedication versus Pump.fun’s roughly half.
Going forward, the most useful signal to watch is whether the next wave of proposals and repurchase programs matches the consistency seen in Hyperliquid and Pump.fun—or whether buybacks remain occasional. As governance votes move from concept to execution, traders and long-term holders will likely focus on how reliably protocols convert revenue into buy pressure and how quickly markets respond when those programs begin.
This article was originally published as Hyperliquid and Pump.fun Drive 90% of $638M Record Crypto Buybacks: FT on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin is entering September facing a familiar squeeze: price is still trapped under a dense layer of resistance while macro expectations swing back toward tighter Federal Reserve policy. At the same time, volatility in traditional markets is intensifying, with oil reacting to new developments tied to the US and Iran.
For traders, the next catalysts are largely calendar-driven. The week ahead brings multiple US employment releases that can quickly shift interest-rate expectations, while Bitcoin’s technical landscape remains centered on reclaiming key levels below the $86,000 area and defending important moving averages.
Key takeaways
According to CME Group’s FedWatch Tool, markets assign just under a 60% probability to a 0.25% Fed rate hike in September—up from 41.4% a week earlier.
US labor-market data resumes focus this week, with August nonfarm payrolls expected to show job growth after a reported loss of 23,000 jobs in June.
Oil markets are reacting to renewed US strikes on Iran and to a reported US-Venezuela oil-supply arrangement, adding another layer of macro uncertainty.
Bitcoin remains pinned beneath a resistance band roughly spanning $81,000 to $86,000, with Glassnode describing that range as a key demand test.
On-chain data cited by CryptoQuant suggests large wallets drove August accumulation, while smaller holders were more likely to sell into strength.
Fed focus returns after Jackson Hole as jobs data looms
In the background, Bitcoin’s ability to move higher is tightly linked to rate expectations. The coming week is heavy with US employment indicators—an important bridge between the Federal Reserve’s recent messaging and its September decision.
Last week’s Jackson Hole economic symposium kept the Fed narrative in the spotlight, including new Fed chair Kevin Warsh’s first keynote speech. Warsh reportedly pushed back on the idea of forward guidance, calling it something that has “overstayed its welcome.” On inflation, he characterized current readings as still too high, despite the better-than-expected July CPI and PCE prints.
His broader point was that although headline measures have fallen from past highs, “underlying trends” have not improved enough to justify a shift toward a more relaxed stance. That message fed directly into derivatives pricing: the probability of a September 0.25% hike rose back toward a majority odds figure in the CME Group FedWatch framework—near 60% at the time of writing, up from 41.4% last week.
Labor market revisions could complicate the tightening story
Even with hawkish expectations returning, the employment calendar matters because it can quickly challenge the Fed’s path. Friday is set for the release of August nonfarm payrolls. The market expectation cited in this coverage is that the economy added 50,000 jobs last month, following a June contraction of 23,000 jobs.
Private-sector employment data is scheduled earlier in the week, followed by initial jobless claims on Thursday. Commentary highlighted by The Kobeissi Letter emphasized that the payrolls release would be the final batch of jobs data before the September rate call.
What could weigh on the tightening narrative are reported downward revisions to past employment figures. Kobeissi cited Bureau of Labor Statistics data noting an additional 79,000 jobs removed across the 12 months through March, framing the labor picture as weaker than initially reported for years. The same commentary referenced a record 911,000 revision last year and described a multi-year streak of annual downward adjustments.
For markets, that matters because it changes how investors interpret the current pace of hiring: if labor-market conditions are deteriorating more than previously thought, expectations for policy tightening can soften—even if inflation headlines look less alarming than before.
Oil volatility rises alongside geopolitical risk and a new supply arrangement
Beyond rates, macro risk has another driver: energy. The week begins with fresh volatility after renewed US strikes on Iran, which pushed Brent crude back above $90 per barrel and lifted WTI above $85, according to figures referenced in the report.
The coverage also points to spillover effects in equities, with Germany’s DAX down about 0.7% amid the broader uncertainty. President Donald Trump further heightened attention by implying that Iran’s Kharg Island oil hub was a target again, including a post on Truth Social accompanied by an AI-generated video depiction of an attack on oil infrastructure.
Energy headlines were not limited to conflict risk. The report cites coverage including a CNBC quotation of Venezuela’s interim president Delcy Rodriguez regarding a US-influenced oil-control arrangement tied to Venezuela’s reserves. The figures mentioned include a daily output target of 1.5 million barrels and total reserves involved of 65 billion barrels, described as worth around $5.4 trillion.
For crypto, the practical takeaway is not geopolitical detail—it’s the increased probability that oil-driven inflation concerns and risk sentiment can keep macro conditions choppy, influencing both USD liquidity and investor appetite for risk assets.
Bitcoin remains trapped under a resistance band as buy-side demand is tested
Technically, Bitcoin’s recent moves have been less about decisive trend change and more about defending key levels while sellers maintain influence overhead. The report notes late sell pressure into Sunday’s weekly close, including a brief dip below the 50-week exponential moving average (EMA) around $77,269, though support held, leading to a reclaim on the weekly close.
However, reclaiming a moving average alone is not the same as breaking the larger structure. The co-founder of Glassnode, Rafael Schultze-Kraft, highlighted in additional X commentary that Bitcoin still lacks a weekly-timeframe reclaim of the 50-week simple moving average (SMA) near $80,307—something he has previously associated with additional upside attempts in the past.
Meanwhile, the monthly picture looks even tougher. As August approaches its close, the coverage notes Bitcoin bulls face a major test because monthly gains for BTC/USD are hovering near 25%—a period where traders often expect confirmation through follow-through rather than just intraperiod spikes.
Analysis referenced from Rekt Capital argues that Bitcoin continues to hover beneath a “Macro Downtrending resistance” and remains in a pattern of “Macro Lower Highs.” In his view, a clean break above the pivotal resistance would carry implications for the broader four-year BTC cycle, potentially suggesting a shorter bear phase than prior cycles if the breakout holds.
Even so, resistance is not purely a line on a chart. The report highlights thickening ask liquidity on exchange order books extending into the $86,000 region, meaning a breakout may require stronger buy-side momentum to stick rather than wick and fade.
Glassnode’s research, cited in the coverage, describes “every overhead structure” it tracks now sitting between $81K and $86K—framing that zone as where recovery demand meets its most immediate challenge. In other words, bulls may be able to push price temporarily, but sustaining gains likely depends on whether new demand can absorb offers across that band.
Who buys matters: large-wallet accumulation vs smaller-wallet exits
While price action points to a demand test, the report also provides a clearer narrative for where that demand may come from. Glassnode data cited here calculated that about 1.05 million BTC held by long-term holders carry a cost basis between $83,000 and $86,000. Long-term holders are defined in the coverage as wallets that have not sold for six months or more. This range overlaps with the resistance zone being discussed, implying that supply from those holders could become an important factor if price approaches those levels again.
CryptoQuant’s additional findings offer a complementary layer by showing how different wallet cohorts behaved during August. According to the report, CryptoQuant data indicated that wallets with 100+ BTC added roughly 60,000 BTC from 1–30 August, while wallets with 1–100 BTC sold about 33,000 BTC and wallets under 1 BTC sold about 14,000 BTC.
The interpretation given in the coverage is that large holders absorbed the breakout impulse while smaller holders treated the rally as an exit opportunity. CryptoQuant also cautioned that this view would need reassessment if large holders begin selling recently acquired supply below $80,000.
Looking ahead, the most important thing for Bitcoin traders may be whether US employment data pulls back—or hardens—September rate expectations, and whether large-wallet accumulation can overpower the $81,000–$86,000 liquidity wall as the August monthly close approaches. The direction may become clearer once labor-market prints and Bitcoin’s monthly/resistance tests converge, but the key uncertainty remains whether demand is strong enough to hold above resistance rather than just briefly penetrate it.
This article was originally published as Bitcoin Weekly Brief: Markets Price September Fed Hike—5 Key Takeaways on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Flow-based DeFi lending protocol More Markets suffered a reserve drainage of about $9.3 million in digital assets, according to security firm Blockaid. Blockaid said the attacker extracted roughly 15.5 million Wrapped Flow (WFLOW) tokens from the protocol’s mFlowWFLOW lending reserve on the Flow EVM network.
The incident, outlined in a Monday post on X by Blockaid (see Blockaid’s report), highlights how lending platforms that support liquid staking tokens can be vulnerable when borrowing mechanics are combined with liquidity and efficiency-mode features.
Key takeaways
$9.3 million worth of WFLOW was reportedly drained from More Markets’ mFlowWFLOW lending reserve on Flow EVM.
Blockaid attributes the attack to the use of ankrFLOW (Ankr Staked FLOW) and Aave V3 E-mode overborrowing conditions.
The exploitation contributed to total crypto hack losses of $139.7 million in August 2026, per DefiLlama.
While August thefts remain the third-largest month of 2026 so far, they are far below $254 million stolen in July, according to DefiLlama data.
More Markets has not publicly confirmed the incident or disclosed potential user losses as of publication.
How Blockaid says the Flow EVM exploit worked
In its analysis, Blockaid linked the theft to the borrowing and collateral logic used inside the protocol. The security firm said the attacker used Ankr Staked FLOW (ankrFLOW), a liquid staking token, together with E-mode—a feature associated with Aave V3.
E-mode (short for efficiency mode) is designed to increase borrowing power for certain asset pairs when their prices are expected to move together. Blockaid’s explanation focuses on the relationship between a liquid staking token and its underlying asset: if the tokenized staking position (ankrFLOW) behaves closely to the underlying FLOW, then the protocol may assign more favorable risk parameters under E-mode.
According to Blockaid, the attacker leveraged those assumptions to overborrow from the mFlowWFLOW reserve and drain liquidity. Blockaid’s public figures point to 15.5 million WFLOW tokens being pulled from the reserve and valued at about $9.3 million in the incident.
What the reserve drainage means for DeFi risk management
Incidents like this tend to raise a difficult question for DeFi lenders: how to balance the capital efficiency benefits of supporting liquid staking derivatives against the edge cases that can emerge when borrowing rules are pushed to their limits.
E-mode is meant to reflect a correlation between assets, but the way correlation is enforced on-chain can be exploited if attackers can find a path where collateral valuation, liquidity availability, or borrowed asset dynamics allow them to extract value faster than the system can correct risk exposure. In this case, Blockaid specifically cited E-mode plus the use of a liquid staking token to achieve an outcome that resulted in reserve depletion.
For users, the immediate practical takeaway is less about the specific tokens involved and more about the mechanics. When a lending market supports efficiency-mode pairings between liquid staking tokens and their underlying assets, traders and depositors should watch for whether the platform can demonstrate robust controls under volatile or abnormal borrowing conditions.
Hack totals for August remain elevated—yet down from July
The Flow EVM theft adds to the broader picture of crypto security losses in 2026. Blockaid’s report comes as overall monthly totals have remained high.
DefiLlama data shows that losses from cryptocurrency hacks reached $139.7 million in August, making it the third-largest month by value stolen so far in 2026. Even so, August’s total represents a substantial drop from $254 million stolen during July, according to the same DefiLlama dataset on hacks (see DefiLlama’s hacks dashboard).
That comparison matters for risk perceptions. A decline from one peak month does not imply fewer vulnerabilities overall—it may instead reflect differences in the types of exploits that surfaced, the speed of mitigation once attacks begin, or the particular concentration of high-value DeFi targets in each month.
Other network disruption: Cronos pauses after Tectonic exploit
Blockaid’s account of the More Markets drainage arrives amid other DeFi-related security actions. On Sunday, Cronos halted its network after a reported $75 million exploit targeting the DeFi lending protocol Tectonic, according to earlier coverage from Cointelegraph (see that report).
Taken together, the two incidents underscore how quickly lending infrastructures can draw attention from attackers and how governance and incident response—whether pausing a chain or adjusting protocol controls—can become a determining factor in whether additional losses are contained.
Unanswered questions for More Markets users
As of the time of publication, More Markets had not publicly confirmed the incident or disclosed whether any user losses occurred. Cointelegraph attempted to obtain additional details by contacting Blockaid, but received no response by publication. The outlet also was unable to reach More Markets for comment.
Readers should watch for a formal More Markets statement, any post-mortem describing which reserve controls were bypassed, and whether the platform (and related integrations) plans to adjust E-mode or liquid staking collateral parameters to reduce the chance of a repeat.
This article was originally published as Blockaid Flags $9.3M Lending Reserve Drain via Ankr Tokens, E-Mode on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.