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ZEC traded above $1,000 on Sept. 4 for the first time since its 2016 listing spike, with an intraday high near $1,023–$1,046.
Grayscale’s ZCSH ETF held $463.2 million in non-GAAP assets and 444,608 ZEC as of Sept. 4, after listing on NYSE Arca on Aug. 25.
About $34.5 million of short positions were liquidated as 24-hour volume hit roughly $1.2 billion.
Bitwise CIO Matt Hougan named Zcash as the privacy allocation among three multi-year crypto stories to own.
Zcash’s native token pushed through the $1,000 level on Friday for the first time since a brief spike around its late-2016 exchange listing, as demand for the first U.S. spot product tied solely to ZEC collided with a short squeeze. ZEC jumped about 20% over 24 hours after starting the session near $828 and trading as high as roughly $1,023, lifting its market value toward $17 billion.
Spot volume reached about $1.2 billion on the breakout day. The token is up about 94% over the past month and more than 2,300% over the past year, according to the same market recap. Weekend trading kept ZEC above the round number, with CoinGecko later showing prices holding four figures as bitcoin also traded near multi-month highs.
Leveraged bears were forced to cover. About $36.6 million of ZEC derivatives positions were liquidated in 24 hours, including $34.5 million of shorts, a flush that can mechanically add buy-side flow in a relatively thin market. Separately, Arthur Hayes posted a one-hour chart of ZEC at $1,021.69 and wrote that he had been “zidelined,” while Bitwise CIO Matt Hougan grouped Zcash with bitcoin and tokenization as one of three stories he said investors should own for the next decade.
The listed wrapper is doing more of the heavy lifting than it did as an OTC trust. Grayscale converted that vehicle into The Zcash ETF (ZCSH), which began trading on NYSE Arca on Aug. 25. Official figures dated Sept. 4 show $463.2 million of non-GAAP assets, 444,608 ZEC in the fund, 5,549,300 shares outstanding, a market price of $83.77 versus NAV of $83.48, and a 2.50% management fee. The Block reported at least $34.4 million of net inflows since the listing, noting that early-September creation data looked incomplete, so price appreciation and the inherited trust book still explain most of the AUM jump from the roughly $304 million conversion print.
That structure cuts both ways for traders. Creations give brokerages a regulated path into a privacy asset that previously sat behind a steep trust discount, but a 2.50% fee is high versus flagship bitcoin products, and modest incremental demand can move ZEC sharply in either direction. Network hashrate has also risen with price, which pressured estimated miner revenue even as the token rallied. Privacy-coin regulation and residual questions around Zcash’s shielded pools remain live risks after the June Orchard disclosure and the subsequent Ironwood upgrade.
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<ul><li>ZEC traded above <strong>$1,000</strong> on Sept. 4 for the first time since its 2016 listing spike, with an intraday high near <strong>$1,023–$1,046</strong>.</li><li>Grayscale’s <strong>ZCSH</strong> ETF held <strong>$463.2 million</strong> in non-GAAP assets and <strong>444,608 ZEC</strong> as of Sept. 4, after listing on NYSE Arca on Aug. 25.</li><li>About <strong>$34.5 million</strong> of short positions were liquidated as 24-hour volume hit roughly <strong>$1.2 billion</strong>.</li><li>Bitwise CIO Matt Hougan named Zcash as the privacy allocation among three multi-year crypto stories to own.</li></ul><p>Zcash’s native token pushed through the <strong>$1,000</strong> level on Friday for the first time since a brief spike around its late-2016 exchange listing, as demand for the first U.S. spot product tied solely to ZEC collided with a short squeeze. <a href="https://www.coindesk.com/markets/2026/09/04/zcash-jumps-20-to-landmark-usd1-000-level-as-short-sellers-lose-usd34-million" target="_blank" rel="noopener">ZEC jumped about 20%</a> over 24 hours after starting the session near <strong>$828</strong> and trading as high as roughly <strong>$1,023</strong>, lifting its market value toward <strong>$17 billion</strong>.</p><p>Spot volume reached about <strong>$1.2 billion</strong> on the breakout day. The token is up about <strong>94%</strong> over the past month and more than <strong>2,300%</strong> over the past year, according to the same <a href="https://www.coindesk.com/markets/2026/09/04/zcash-jumps-20-to-landmark-usd1-000-level-as-short-sellers-lose-usd34-million" target="_blank" rel="noopener">market recap</a>. Weekend trading kept ZEC above the round number, with <a href="https://www.coingecko.com/en/coins/zcash" target="_blank" rel="noopener">CoinGecko</a> later showing prices holding four figures as bitcoin also traded near multi-month highs.</p><p>Leveraged bears were forced to cover. About <strong>$36.6 million</strong> of ZEC derivatives positions were liquidated in 24 hours, including <strong>$34.5 million</strong> of shorts, a flush that can mechanically add buy-side flow in a relatively thin market. Separately, <a href="https://news.bitcoin.com/market-updates/zcash-tops-1000-hayes-hougan-privacy-trade/" target="_blank" rel="noopener">Arthur Hayes posted</a> a one-hour chart of ZEC at <strong>$1,021.69</strong> and wrote that he had been “zidelined,” while Bitwise CIO Matt Hougan grouped Zcash with bitcoin and tokenization as one of three stories he said investors should own for the next decade.</p><p>The listed wrapper is doing more of the heavy lifting than it did as an OTC trust. Grayscale converted that vehicle into <a href="https://www.thezcashetf.com/" target="_blank" rel="noopener">The Zcash ETF (ZCSH)</a>, which began trading on NYSE Arca on <strong>Aug. 25</strong>. Official figures dated <strong>Sept. 4</strong> show <strong>$463.2 million</strong> of non-GAAP assets, <strong>444,608 ZEC</strong> in the fund, <strong>5,549,300</strong> shares outstanding, a market price of <strong>$83.77</strong> versus NAV of <strong>$83.48</strong>, and a <strong>2.50%</strong> management fee. <a href="https://www.theblock.co/news/markets/2026-09-04-zcash-tops-1000-etf-inflows-ramp-up-miners-pile-in-413580" target="_blank" rel="noopener">The Block reported</a> at least <strong>$34.4 million</strong> of net inflows since the listing, noting that early-September creation data looked incomplete, so price appreciation and the inherited trust book still explain most of the AUM jump from the roughly <strong>$304 million</strong> conversion print.</p><p>That structure cuts both ways for traders. Creations give brokerages a regulated path into a privacy asset that previously sat behind a steep trust discount, but a <strong>2.50%</strong> fee is high versus flagship bitcoin products, and modest incremental demand can move ZEC sharply in either direction. Network hashrate has also risen with price, which <a href="https://www.theblock.co/news/markets/2026-09-04-zcash-tops-1000-etf-inflows-ramp-up-miners-pile-in-413580" target="_blank" rel="noopener">pressured estimated miner revenue</a> even as the token rallied. Privacy-coin regulation and residual questions around Zcash’s shielded pools remain live risks after the June Orchard disclosure and the subsequent Ironwood upgrade.</p>

<ul><li>ZEC traded as high as $1,023 on Friday, lifting its market cap toward $17 billion and extending monthly gains to about 94%.</li><li>Grayscale’s ZCSH ETF, listed Aug. 25 on NYSE Arca, has recorded at least $34.4 million in net inflows since launch.</li><li>About $34.5 million of short positions were liquidated as the token crossed $1,000, adding buying pressure from forced cover.</li></ul><p class="has-drop-cap">Zcash’s native <strong>ZEC</strong> token climbed above <strong>$1,000</strong> on Friday for the first time since a brief, volatile stretch after its late-2016 exchange listings, as inflows into a newly listed U.S. product and a wave of short liquidations hit a thin market.</p><p>The privacy-focused asset traded as high as <strong>$1,023</strong>, extending its 30-day gain to around <strong>94%</strong> and pushing its market capitalization toward <strong>$17 billion</strong>, <a href="https://www.theblock.co/news/markets/2026-09-04-zcash-tops-1000-etf-inflows-ramp-up-miners-pile-in-413580" target="_blank" rel="noopener">The Block reported</a>. ZEC had changed hands near <strong>$200</strong> in March. CoinGecko data cited in separate market coverage showed the token starting Friday near <strong>$828</strong>, with 24-hour volume around <strong>$1.2 billion</strong>.</p><p>The move follows the Aug. 25 listing of <a href="https://www.globenewswire.com/news-release/2026/08/25/3350404/0/en/the-zcash-etf-ticker-zcsh-built-by-grayscale-begins-trading-on-nyse-arca-expanding-investor-access-to-the-leading-privacy-focused-digital-currency.html" target="_blank" rel="noopener">The Zcash ETF</a> on NYSE Arca under ticker <strong>ZCSH</strong>, a conversion of Grayscale’s long-running Zcash Trust. Grayscale described the vehicle as the first exchange-traded product to offer spot exposure to ZEC. “As AI reshapes how financial activity can be monitored, we believe demand for genuine financial privacy will only grow,” <a href="https://www.globenewswire.com/news-release/2026/08/25/3350404/0/en/the-zcash-etf-ticker-zcsh-built-by-grayscale-begins-trading-on-nyse-arca-expanding-investor-access-to-the-leading-privacy-focused-digital-currency.html" target="_blank" rel="noopener">Steve Vanourny</a>, Grayscale’s head of index, said at launch.</p><p>ZCSH has recorded about <strong>$34.4 million</strong> in net inflows since debut, according to Grayscale figures compiled by <a href="https://www.theblock.co/news/markets/2026-09-04-zcash-tops-1000-etf-inflows-ramp-up-miners-pile-in-413580" target="_blank" rel="noopener">The Block</a>, with the strongest session so far on Sept. 2 at <strong>$12.6 million</strong>. Data for Sept. 3 and 4 appeared incomplete, so the cumulative print may understate later creations. The product page listed <strong>$463.2 million</strong> in assets under management and <strong>444,608 ZEC</strong> in the fund as of Sept. 4, with a <strong>2.50%</strong> sponsor fee, per <a href="https://www.thezcashetf.com/" target="_blank" rel="noopener">The Zcash ETF</a>.</p><p>Derivatives positioning amplified the break. About <strong>$36.6 million</strong> of leveraged ZEC positions were liquidated over 24 hours, including <strong>$34.5 million</strong> from shorts, <a href="https://www.coindesk.com/markets/2026/09/04/zcash-jumps-20-to-landmark-usd1-000-level-as-short-sellers-lose-usd34-million" target="_blank" rel="noopener">CoinDesk reported</a>, citing liquidation data. Forced covering requires buying the token back and can extend a squeeze. Open interest in ZEC futures rose to about <strong>2.3 million ZEC</strong>, or roughly <strong>$2.3 billion</strong>.</p><p>Network hashrate, measured as solrate, also climbed from about <strong>25 GSol/s</strong> in late August to briefly more than <strong>30 GSol/s</strong>, according to ZcashInfo data cited by <a href="https://www.theblock.co/news/markets/2026-09-04-zcash-tops-1000-etf-inflows-ramp-up-miners-pile-in-413580" target="_blank" rel="noopener">The Block</a>, a sign miners added capacity as price rose. Estimated revenue on high-end Z15 Pro machines slipped versus late August as competition increased. ZEC later eased from the session high even as most of Friday’s gain held, leaving the token in price-discovery territory after a year in which it has advanced more than <strong>2,300%</strong>.</p>

Friday, September 4, 2026. Bitcoin last printed around $79,670, up a quiet-looking +2.9% on seven days that hid a full circus. The tape climbed from the high-$77,000s into a $82,281 wick after Fed Governor Christopher Waller said a September hold was still on the table and spot bitcoin ETFs booked a fat inflow day — CoinDesk put Thursday’s haul near $731 million. Strategy added another 4,603 BTC (~$370 million) after its summer pause. Then the Bureau of Labor Statistics dropped August nonfarm payrolls: +162,000 versus a ~56,000 consensus. Unemployment stayed 4.1%. Hike odds at the September 15–16 FOMC jumped back toward a coin-flip. Longs ate roughly $278 million in liquidations in a few hours. Total market cap is about $2.78 trillion after tagging a seven-month high near $2.82 trillion on Thursday. Bitcoin dominance is ~57.7%. Alternative.me’s Fear & Greed Index is 74 (Greed), up from 68 last Saturday.
The shiny list is not “BTC went to $82k.” It is the names that either printed a four-digit handle, built a new meme factory on Robinhood Chain, or kept the privacy bid alive while payrolls clipped the wick: ZEC, PONS, UNI, HNT, ARB, HYPE, XMR, DASH, SOL.
The Shiny Coins Right Now
1. ZEC — Zcash — $1,023 +27.6% 7d
This is the week’s headline, full stop. ZEC tagged roughly $1,023–$1,047 — the first trip through $1,000 in almost a decade — and briefly sat inside the crypto top 10 with a market cap near $17 billion. CoinDesk timed the squeeze: about $36.6 million in leveraged ZEC got liquidated in 24 hours, $34.5 million of it shorts. Open interest ballooned toward $2.3 billion. Grayscale’s spot Zcash ETF (ZCSH), listed on NYSE Arca on August 25, is still the TradFi permission slip. Last week we called the post-listing tape Cautious. The market disagreed, violently.
Key metric: first $1,000 print in ~10 years; ~$34.5M short liquidations; ~$17B market cap.
Outlook (1–4 weeks): Cautious — the squeeze already happened; $1,000 is now a magnet and a trapdoor.
Shielded txs, unshielded four-digit hopium.
2. PONS — Pons — $0.68 +427% 7d
Robinhood Chain finally grew a Pump.fun. Pons is the no-code launchpad on Robinhood’s Arbitrum-stack L2 (public mainnet July 1). The house token ripped from a mid-pack meme into a ~$485 million market cap with hundreds of millions in weekly volume. One September 3 snapshot had the platform printing nearly $6 million in a single day’s fees and sitting among DefiLlama’s top fee protocols. Binance Wallet added it to Alpha. This is not a white paper. It is a fee machine riding a new chain’s first degen cycle.
Key metric: ~+427% seven days; ~$485M market cap on a launchpad that did not exist in June.
Outlook: Very Bullish near-term, fade risk is extreme after a 4x week.
Pump.fun, but make it orange.
3. UNI — Uniswap — $6.12 +34% 7d
While memes ate Robinhood Chain, old-school DEX beta woke up on Ethereum. UNI ran from the mid-$4.60s last Saturday through a ~$6.50 local high before Friday’s payroll fade parked it near $6.12. Market cap is back around $3.9–$4.0 billion with hundreds of millions turning over. When BTC tags $82k and alts are allowed to breathe for 36 hours, UNI is still how liquid desks express “DeFi is not dead.” The 7-day is the cleanest large-cap alt print on this list that is not a privacy coin.
Key metric: ~+34% week; ~$4B market cap reclaimed.
Outlook: Bullish while $5.80 holds; payrolls made $6.50 a sell-the-rip level for now.
4. HNT — Helium — $0.58 +152% 7d
Last week’s hidden-in-plain-sight rocket did not stop at $0.39. Celina, Texas — the municipal Wi-Fi-to-carrier story — kept dragging in tourists. HNT wicked toward $0.99 on August 30, then did what every 5x DePIN candle does: gave a lot of it back. Friday’s print near $0.58 is still more than a double from the pre-Celina $0.22 handle. The template is real. The multiple is no longer a secret.
Key metric: city deployment still the catalyst; +152% week after an $0.99 wick.
Outlook: Cautious / Fading Heat after the blow-off. Next city or NGMI.
The hotspot printed. Then it printed the dump.
5. ARB — Arbitrum — $0.131 +48% 7d
Robinhood Chain is an Arbitrum Orbit stack. PONS going vertical is, whether the market admits it or not, ARB beta. The token climbed from the high-$0.08s last weekend through a $0.145 local high before payrolls knocked it back to ~$0.131. That is still the strongest major L2 seven-day on the board. We have watched ARB grind lower for most of 2026. This is the first week the chain-under-the-chain trade showed up in the candle.
Key metric: ~+48% week as the house L2 under Robinhood Chain caught a bid.
Outlook: Bullish if PONS and Robinhood Chain activity stay loud; Cautious if that tape dies.
6. HYPE — Hyperliquid — $84.07 +5.1% 7d
HYPE tagged a fresh local ATH around $88–$89 on September 3 — U.S. expansion talks with Kraken’s parent, Payward, plus HIP-4 permissionless deployments stacked the narrative. It still sits in the top 10 with an ~$19 billion market cap. Friday’s fade to ~$84 is a rounding error next to ZEC’s squeeze, but the house that sells the leverage rarely looks cheap when open interest is elevated and BTC just showed traders a $5,000 wick.
Key metric: new local ATH ~$89; still a top-10 coin through a payroll flush.
Outlook: Bullish above $80; $78 is where we get less cute about it.
The casino listed a U.S. expansion rumor and still outperformed half the patrons.
7. XMR — Monero — $516 +10.5% 7d
ZEC got the ETF, the $1,000 screenshot, and the liquidation porn. XMR got the quieter bid again — $466 last Saturday to about $516, market cap near $9.7 billion. No NYSE ticker. Just the original shielded chain re-rating because TradFi put a privacy ETP on a national exchange and the whole category re-priced.
Key metric: ~+10.5% week with a ~$9.7B market cap that actually moves.
Outlook: Bullish as long as the privacy rotation holds $1,000 ZEC as a headline.
8. DASH — Dash — $59 +27% 24h
The privacy basket did not stop at ZEC/XMR. Dash ripped into the high-$50s on Friday with ~$200 million changing hands — a ghost-chain bounce that only happens when a sector ticker is on fire and traders start buying the cheapest rhyming name. This is not a fundamentals week for Dash. Treat it like a satellite, not a thesis.
Key metric: one of Friday’s largest 24-hour prints among coins with a real market cap.
Outlook: Fading Heat unless the privacy bid keeps spraying sideways.
When ZEC hits four digits, even Dash remembers it has a ticker.
9. SOL — Solana — $101.72 +2.1% 7d
Solana did not win the week on price. It won a governance fight. SGP-0002 — double disinflation, 15% to 30% — passed at 67.001% on August 28 after Kraken flipped late. Projected issuance drops by about 18.9 million SOL over six years; terminal 1.5% inflation moves up to roughly H1 2029. Price is still glued to the $100–$104 range while the degen flow migrated, briefly, to Robinhood Chain. Holding $100 after a $82k BTC wick and a hot payrolls print is not nothing.
Key metric: first binding on-chain issuance cut; $102 area still the line.
Outlook: Cautious / Bullish while $100 holds. The vote is done; the candle has to confirm it.
Hidden Gem of the Week
USELESS — Useless Coin — ~$0.25 / ~$252 million market cap +327% 7d
Not in the top 20. Not a protocol. Just the week’s most honest large-micro meme after PONS, with a seven-day triple-plus and $200 million+ days of volume. When the market cap of a coin named Useless is a quarter of a billion dollars, the regime is still degen — it just changed venues. Position size like the ticker is autobiographical.
One to Watch Closely
Bitcoin at $79,670 — and the two-week Fed gauntlet that starts with CPI.
Thursday’s $82,281 print was the highest since May. Friday’s 162,000-job beat put September hike odds back on the table and dumped ~$278 million of longs. Next Friday’s August CPI is the print Waller said he wanted to see. The FOMC is September 15–16. A hold of $78,000–$79,000 keeps the mid-August higher-low intact. A clean break of $76,800 — the level we flagged last week — takes the air out of every shiny coin on this list.
Closing
The rotation tells you the regime in one sentence: risk-on came back for 36 hours, then got picky again. Bitcoin dominance near 58% means capital is still not spraying across 200 alts. It is concentrating in stories with a screenshot (ZEC at $1,000), a new venue (Pons on Robinhood Chain), or a liquid beta (UNI, ARB, HYPE). Privacy is no longer a Telegram group chat — it has a four-digit coin, an ETF, and a short-squeeze body count. Memecoins still work, but the factory moved: Solana kept the chain, Robinhood Chain rented the carnival. Helium proved DePIN can print a candle and a hangover in the same week. Greed is 74, not 90. That is the window where shiny coins can still run — and where a second hot print before September 16 can rekt the people who bought Thursday’s $82k breakout with 20x.
Not financial advice. DYOR. Don’t get married to a ticker that just printed $1,000 for the first time since the last cycle’s grandparents were trading.
See you soon for more Shiny Coins on Cryptopress.site
The post Shiny Coins #24 – Four-Digit Zcash Steals the Week as Payrolls Clip the $82K Wick appeared first on Cryptopress.

Pons is the launchpad that captured Robinhood Chain.
Not the brokerage. Not an official Robinhood product. A permissionless, non-custodial factory built by Pons Labs (pseudonymous builder MEADGod, previously tied to RootsFi) that went live days after Robinhood’s Arbitrum L2 (chain ID 4663) hit public mainnet on July 1, 2026.
Anyone can deploy a fixed-supply token and start trading it from their own wallet in one transaction. No custody. No team holding funds. No later mint button.
That is the whole product. The rest is mechanics and a flywheel.
How it actually works
Two generations exist.
V1 (legacy): One transaction deploys a 1 billion supply ERC-20 and a locked Uniswap V3 WETH pool at the 1% fee tier. Liquidity locks immediately. Graduation is a label that triggers when ~4.2 ETH is paired — the pool itself does not migrate.
V2 (current): Bonding curve first, then graduation into a permanently locked Uniswap V4 pool via a custom hook. Same fixed 1B supply. Anti-snipe tax starts near 99% and decays in seconds so bots cannot vacuum the open. Pairs now include WETH, tokenized equities, and cbBTC via Coinbase + Chainlink CCIP.
Launch fee is tiny (~0.0005 ETH plus gas). Trading fee is 1%. Split is snapshotted at launch: 70/30 creator/protocol on current launches (90/10 on some legacy tokens). Eighty percent of the protocol’s cut goes into an automated TWAP buyback of $PONS sent to the burn address. The other 20% covers ops.
That last piece is the entire token thesis.
The token
$PONS Contract:
0x39dBED3a2bd333467115dE45665cC57F813C4571
on Robinhood Chain. Max supply: 1,000,000,000. Circulating / total after burns: roughly 705–712 million. Site: pons.family.
Burns have already removed ~29% of the original cap. Platform volume pays for more burns. More launches and more swaps mean more protocol fees, which mean more buy pressure and a smaller float. That is the loop. It is not theoretical — peak fee days have printed in the $5–6 million range, with protocol revenue a slice of that, and 30-day fees tracked in the tens of millions. Cumulative launchpad volume has been reported in the multi-billion range in under two months. Tens of thousands of tokens launch on busy days. Graduation rates stay low (around 1%), which is normal for this category.
Pons is not “the chain.” It is the busiest app on the chain. Robinhood built an L2 for tokenized stocks. Memecoin flow took the first two months.
Technical analysis (as of September 4, 2026)
Price context first. $PONS printed an all-time low near $0.0033 in mid-July and a fresh all-time high around $0.77 on September 4. Market cap sits near $477–500 million on ~705 million circulating tokens. 24h volume has been running $190–200 million, which is ~40% of market cap — high-velocity tape. The token is now trading around $0.68, roughly 12% off that high.
Structure. Higher-timeframe trend from the July low is still intact: higher highs, higher lows. The late-August / early-September leg was vertical. Binance Alpha access on September 2 and the Uniswap Labs “long-term alignment” buy announced September 3–4 extended that move into a new ATH instead of letting the first $0.49 high fade.
Levels that matter.
Immediate support: $0.58–$0.60 (today’s range low / first demand under the ATH wick).
Next support: $0.49–$0.52 (prior ATH cluster from September 1–3), then $0.35–$0.40 if the whole Uniswap-headline impulse retraces.
Resistance: $0.77 ATH. A clean hold above $0.70 keeps discovery open. Psychological next stops sit at $0.85–$1.00.
Indicators. After a move of this size, short-term oscillators are stretched. That does not invalidate the trend; it does mean late entries after a multi-day vertical carry ugly downside if launchpad volume cools. High turnover plus a mechanical buyer (the buyback) is why pullbacks have been bought quickly so far.
What the chart cannot see. The bid is not just narrative. It is protocol fees hitting the market on a schedule. If daily launch + swap volume stays elevated, the TWAP keeps eating supply. If Uniswap’s own launchpad, Noxa, or the next clone takes share — or if Robinhood Chain’s early advantages fade — the flywheel slows and $PONS becomes just another launchpad coin with a burned float.
The questions that actually price this thing
How does this project make money?
Two layers.
First, a small launch fee (~0.0005 ETH per token). That is noise next to the second layer.
Second, a 1% fee on every swap in Pons pools. On current launches that 1% splits 70% to the token creator and 30% to the protocol. Of the protocol’s 30%, about 80% is routed into a TWAP that buys $PONS and sends it to the burn address. The remaining 20% pays infrastructure and the team. Legacy tokens keep a fatter 90/10 creator split, so the protocol’s take is smaller on that vintage.
Users pay. Creators get most of it. The protocol keeps a minority share and spends most of that buying its own token. That is the business. On hot days the 1% on hundreds of millions in volume has produced multi-million-dollar fee prints, with protocol revenue a fraction of headline fees because creators take the majority.
Pons does not custody funds. It does not run a treasury-backed stable. It sells blockspace-adjacent infrastructure: the right to launch and the cut on the resulting casino.
Why is it worth what it’s worth — and what makes that number go up or down?
At ~$0.68 and ~$480 million market cap, the market is not pricing a website. It is pricing three things at once:
Fee share of Robinhood Chain speculation. Pons has been the dominant launchpad on a new L2 that briefly printed billion-dollar DEX days. If that flow holds, the buyback is a real bid. If memecoin volume migrates, the bid shrinks overnight.
A shrinking float. ~29% of the 1B cap is already burned. There is no emission schedule. Valuation is a multiple on remaining supply versus expected future burns.
Distribution and politics. Binance Alpha expanded who can buy it. Uniswap Labs buying $PONS “for long-term alignment” — after launching a competing Robinhood Chain launchpad — is a signal, not a balance-sheet. Size and price of that purchase were not disclosed, so the market is paying for the headline as much as the coins.
What lifts it: sustained daily launches and volume; fee days that keep the TWAP large relative to float; more pairs (tokenized stocks, cbBTC) that make the venue stickier than pure memes; listings; any confirmation that Uniswap integration is distribution rather than a quiet truce before Pools.trade takes share.
What kills it: a dump in Robinhood Chain memecoin activity; a rival launchpad winning the daily launch count; the buyback remaining mutable / not fully on-chain; gas or incentive advantages rolling off; profit-taking after a 150x from the July low; disclosure that the Uniswap ticket was tiny, OTC, or already sold.
This category dies when the casino empties. Tokenized-stock pairs are the attempt to make the venue survive that.
Are there triggers that say the next move is soon?
Yes. Watch these, not the logo.
Near-term up triggers
Daily protocol fees staying in the multi-million range and burns keeping pace with the last 7-day rate.
A daily close back above $0.77 that turns the September 4 wick into a base.
Any follow-through on the Uniswap relationship: size disclosed, shared routing, or Pons remaining the default graduation venue into Uniswap v4 on this chain.
Launch counts holding in the 15k–25k/day zone instead of fading after the headline.
Near-term down triggers
A daily close under $0.58–$0.60, which would tag the move as a news spike rather than a new regime.
Fee prints rolling over while price stays elevated — the classic “multiple expansion after the activity peaked” setup.
A visible share shift toward Uniswap Pools / Noxa / the next factory on the same chain.
Vol/mcap staying above ~35–40% without new highs. That is speculation digesting itself.
The honest read is unchanged, just louder. Pons is pump.fun mechanics optimized for one new L2, with a cleaner creator split and a more aggressive burn than most copies. Product-market fit on Robinhood Chain in July–September 2026 was obvious. The chart from $0.003 to $0.77 already priced in a lot of “this is the one.” The next 20% either confirms the machine is still running or shows the Uniswap headline was the last bid.
Trade the flywheel, not the press release.
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US spot bitcoin ETFs recorded about $731 million in net inflows on Thursday, Sept. 3, the largest single session since mid-January.
BlackRock’s IBIT accounted for roughly $454 million, or more than 60% of the day’s total.
Combined net assets crossed $103.34 billion for the first time, equal to about 6.32% of bitcoin’s market cap.
The surge followed Fed Governor Christopher Waller’s comments that he could support holding rates at the Sept. 15-16 FOMC meeting if incoming data hold.
The same complex posted a $236.5 million outflow on Tuesday, underscoring how quickly flows can reverse ahead of August CPI and the jobs report.
US spot bitcoin exchange-traded funds posted their largest one-day intake since January after Federal Reserve Governor Christopher Waller said he could back leaving rates unchanged this month, pulling in $730.8 million on Thursday, according to Farside Investors.
The print is in line with SoSoValue data showing a $730.87 million net inflow as of Sept. 3. That reversed a $236.5 million outflow on Sept. 1 and built on a $101.1 million inflow on Sept. 2. Combined net assets of the US spot suite rose to $103.34 billion, crossing the $103 billion mark for the first time and representing about 6.32% of bitcoin’s market capitalization. Cumulative net inflows since the January 2024 launches stand near $55.44 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated the session with $454 million of creations, lifting its net assets to about $63.89 billion. ARK 21Shares’ ARKB added $137.7 million, Fidelity’s FBTC took in $74.4 million, and Grayscale’s mini BTC product added $48.8 million. VanEck’s HODL and WisdomTree’s BTCW were the only funds to post outflows, of $19.6 million and $5.2 million, respectively.
The flow spike landed as bitcoin reclaimed the $80,000 area and traded back above $81,000 as traders cut bets on a September rate increase. In a Sept. 3 Reuters NEXT interview, Waller said: “If this continues in the data due over the next two weeks, I would be inclined to support holding the target for the federal funds rate at its current setting.” He also left a hike on the table, adding that “if the incoming data for August show this improvement has been fleeting, then it may be appropriate to raise the policy rate when the FOMC meets on September 15 and 16.”
Waller tied that choice to inflation still running above target. He said PCE prices are up 3.7% over 12 months and core PCE is 3.3%, with three-month core inflation at 3.05% through July. “So my decision on the appropriate stance of policy will be heavily influenced by what we learn about August inflation,” he said in the prepared remarks.
That calendar now sits over the ETF complex. Thursday’s creations followed August’s strongest monthly intake in nearly a year, previously cited near $3.5 billion, but the week opened with a sizable redemption. Investors watching IBIT’s share of flows will also watch whether creations persist after the jobs report and Aug. 11 CPI print reset rate odds again. A single strong inflow day does not lock in a trend if policy expectations snap back.
The post US Bitcoin ETFs Log $731 Million, Largest Inflow Day Since January appeared first on Cryptopress.

Cryptocurrency exchange Kraken has reportedly postponed its long-awaited initial public offering (IPO) until the second quarter of 2027.
The strategic decision comes as the platform continues to evaluate regulatory frameworks and optimal market conditions for its public debut.
Institutional and retail investors closely monitor the timeline as regulatory clarity in the United States evolves for major digital asset firms.
Major cryptocurrency exchange Kraken has reportedly pushed back its targeted initial public offering (IPO) timeline to the second quarter of 2027, according to recent industry reports. The development marks another strategic shift for the platform as it navigates complex regulatory environments and broader macroeconomic factors affecting digital asset valuations.
The San Francisco-based exchange had previously signaled intentions to pursue a public listing following a growth equity round and structural preparations. However, shifting market dynamics and ongoing engagement with financial regulators have prompted leadership to recalibrate the schedule. As detailed by market analysts, exchange platforms are increasingly prioritizing operational scale, compliance infrastructure, and sustainable revenue models before stepping onto public stock exchanges.
While an official corporate filing or public statement detailing the updated Q2 2027 window remains forthcoming, the adjustment highlights the cautious approach traditional and crypto-native firms are taking toward public markets. Regulatory oversight from bodies like the U.S. Securities and Exchange Commission (SEC) continues to shape compliance costs and strategic readiness for crypto enterprises seeking public equity participation. Kraken representatives have not yet provided detailed commentary regarding the revised timeline.
Market participants and traders will continue to watch for official updates from the exchange regarding its capitalization strategy and structural evolution ahead of the anticipated 2027 debut. For more insights on exchange developments and market infrastructure, readers can follow ongoing coverage on The Block.
The post Kraken Delays IPO Plans to Q2 2027 Amid Market Conditions appeared first on Cryptopress.

Spot bitcoin exchange-traded funds registered their single best month on record, fueled by robust institutional demand and surging daily trading volumes across major issuers.
Net inflows reached historic highs, offsetting intermittent macroeconomic headwinds and pushing total assets under management to unprecedented levels.
Market analysts attribute the record-breaking trajectory to sustained accumulation by corporate treasuries and institutional asset managers.
Spot bitcoin exchange-traded funds have officially closed their best performing month on record, shattering previous milestones as institutional adoption accelerates across global financial markets. According to industry flow data, the collective suite of U.S.-listed spot bitcoin investment products recorded massive net inflows that far surpassed expectations, cementing the asset class as a permanent fixture in modern portfolios.
The milestone month was characterized by consistent, heavy buying pressure from major institutional players, with Wall Street giants continuing to allocate capital into products managed by firms like BlackRock, Fidelity, and Bitwise. Market participants noted that the surge in demand was not merely driven by retail speculation, but rather by long-term strategic positioning from wealth managers, pension funds, and registered investment advisors (RIAs).
Trading volumes for the spot bitcoin ETFs frequently broke multi-billion-dollar daily thresholds during periods of heightened market volatility. This exceptional liquidity has narrowed bid-ask spreads, making these derivative wrappers increasingly attractive for institutional entities managing massive capital pools who require deep order books.
Analysts following the sector have highlighted that the milestone underscores a fundamental shift in how traditional finance interacts with digital assets. As regulatory clarity continues to evolve and infrastructure matures, the friction of gaining direct cryptocurrency exposure has been virtually eliminated for conventional investors.
Looking ahead, market observers anticipate that this record-shattering month could catalyze further product expansions and approvals from regulatory bodies. However, experts also caution that sustained momentum will heavily depend on broader macroeconomic conditions, upcoming monetary policy decisions, and continued inflows into the underlying spot market.
The post Spot Bitcoin ETFs Post Record-Breaking Performance for Their Best Month Ever appeared first on Cryptopress.

Maelstrom CIO Arthur Hayes believes the EUR/JPY currency pair serves as the cleanest early warning indicator for fresh global crypto liquidity.
Hayes forecasts the pair to drop from around 185 to below 140 by June 2027, driven by potential coordinated yen support and European banking pressures.
The thesis points to historical central bank maneuvers, such as New York Fed interventions, injecting indirect dollar liquidity into global markets without formal Fed expansion.
Forget traditional exchange-traded fund flows; Maelstrom Chief Investment Officer Arthur Hayes argues that the most reliable early warning signal for incoming crypto liquidity is hidden within the foreign exchange market. According to the crypto macro commentator, traders should closely monitor the EUR/JPY currency pair as a primary barometer for shifting global monetary conditions.
In his latest macroeconomic outlook, Hayes expects the EUR/JPY exchange rate to plunge from its current levels around 185 down to below 140 by June 2027. He contends that this projected downward trajectory will expose coordinated efforts to support the Japanese yen while simultaneously injecting fresh dollar liquidity into international markets—all without requiring the U.S. Federal Reserve to formally expand its balance sheet.
To support his thesis, Hayes highlights precedent from July, when the New York Fed sold euros held by the Exchange Stabilization Fund to assist with Japan’s currency intervention, bypassing the direct sale of dollars. This mechanism, he suggests, acts as a backdoor liquidity injection that historically benefits risk-on assets, including cryptocurrencies.
Furthermore, Hayes anticipates that mounting fiscal and political stress in France will accelerate this currency movement. Widening bond spreads and intensifying pressure on French financial institutions could pave the way for unofficial monetary stimulus ahead of the upcoming 2027 French election. While Hayes acknowledges this trajectory remains his own baseline scenario rather than official policy, he emphasizes that a sustained decline in EUR/JPY through the electoral cycle would mark the definitive turning point of the global liquidity cycle.
The post Arthur Hayes Says Falling EUR/JPY Is the Ultimate Crypto Liquidity Signal appeared first on Cryptopress.

<ul><li>Maelstrom CIO Arthur Hayes believes the <strong>EUR/JPY currency pair</strong> serves as the cleanest early warning indicator for fresh global crypto liquidity.</li><li>Hayes forecasts the pair to drop from around <strong>185 to below 140 by June 2027</strong>, driven by potential coordinated yen support and European banking pressures.</li><li>The thesis points to historical central bank maneuvers, such as New York Fed interventions, injecting indirect dollar liquidity into global markets without formal Fed expansion.</li></ul><p class="has-drop-cap">Forget traditional exchange-traded fund flows; Maelstrom Chief Investment Officer <a href="https://x.com/CryptoHayes" target="_blank" rel="noopener">Arthur Hayes</a> argues that the most reliable early warning signal for incoming crypto liquidity is hidden within the foreign exchange market. According to the crypto macro commentator, traders should closely monitor the <strong>EUR/JPY currency pair</strong> as a primary barometer for shifting global monetary conditions.</p><p>In his latest macroeconomic outlook, Hayes expects the EUR/JPY exchange rate to plunge from its current levels around <strong>185 down to below 140 by June 2027</strong>. He contends that this projected downward trajectory will expose coordinated efforts to support the Japanese yen while simultaneously injecting <strong>fresh dollar liquidity</strong> into international markets—all without requiring the U.S. Federal Reserve to formally expand its balance sheet.</p><p>To support his thesis, Hayes highlights precedent from July, when the <strong>New York Fed sold euros</strong> held by the Exchange Stabilization Fund to assist with Japan’s currency intervention, bypassing the direct sale of dollars. This mechanism, he suggests, acts as a backdoor liquidity injection that historically benefits risk-on assets, including cryptocurrencies.</p><p>Furthermore, Hayes anticipates that mounting fiscal and political stress in France will accelerate this currency movement. Widening bond spreads and intensifying pressure on French financial institutions could pave the way for <strong>unofficial monetary stimulus</strong> ahead of the upcoming 2027 French election. While Hayes acknowledges this trajectory remains his own baseline scenario rather than official policy, he emphasizes that a sustained decline in EUR/JPY through the electoral cycle would mark the definitive turning point of the global liquidity cycle.</p>

<ul><li>Spot bitcoin exchange-traded funds registered their single best month on record, fueled by robust institutional demand and surging daily trading volumes across major issuers.</li><li>Net inflows reached historic highs, offsetting intermittent macroeconomic headwinds and pushing total assets under management to unprecedented levels.</li><li>Market analysts attribute the record-breaking trajectory to sustained accumulation by corporate treasuries and institutional asset managers.</li></ul><p class="has-drop-cap">Spot bitcoin exchange-traded funds have officially closed their <strong>best performing month on record</strong>, shattering previous milestones as institutional adoption accelerates across global financial markets. According to <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener">industry flow data</a>, the collective suite of U.S.-listed spot bitcoin investment products recorded massive net inflows that far surpassed expectations, cementing the asset class as a permanent fixture in modern portfolios.</p><p>The milestone month was characterized by consistent, heavy buying pressure from major institutional players, with Wall Street giants continuing to allocate capital into products managed by firms like BlackRock, Fidelity, and Bitwise. Market participants noted that the surge in demand was not merely driven by retail speculation, but rather by long-term strategic positioning from wealth managers, pension funds, and registered investment advisors (RIAs).</p><p>Trading volumes for the <a href="https://www.theblock.co/post/270404/spot-bitcoin-etfs-trading-volume" target="_blank" rel="noopener">spot bitcoin ETFs</a> frequently broke multi-billion-dollar daily thresholds during periods of heightened market volatility. This exceptional liquidity has narrowed bid-ask spreads, making these derivative wrappers increasingly attractive for institutional entities managing massive capital pools who require deep order books.</p><p>Analysts following the sector have highlighted that the milestone underscores a fundamental shift in how traditional finance interacts with digital assets. As regulatory clarity continues to evolve and infrastructure matures, the friction of gaining direct cryptocurrency exposure has been virtually eliminated for conventional investors.</p><p>Looking ahead, market observers anticipate that this record-shattering month could catalyze further product expansions and approvals from regulatory bodies. However, experts also caution that sustained momentum will heavily depend on broader macroeconomic conditions, upcoming monetary policy decisions, and continued inflows into the underlying spot market.</p>

<ul><li>Cryptocurrency exchange <strong>Kraken</strong> has reportedly postponed its long-awaited initial public offering (IPO) until the second quarter of <strong>2027</strong>.</li><li>The strategic decision comes as the platform continues to evaluate regulatory frameworks and optimal market conditions for its public debut.</li><li>Institutional and retail investors closely monitor the timeline as regulatory clarity in the United States evolves for major digital asset firms.</li></ul><p>Major cryptocurrency exchange <strong>Kraken</strong> has reportedly pushed back its targeted initial public offering (IPO) timeline to the second quarter of <strong>2027</strong>, according to <a href="https://www.coindesk.com/" target="_blank" rel="noopener">recent industry reports</a>. The development marks another strategic shift for the platform as it navigates complex regulatory environments and broader macroeconomic factors affecting digital asset valuations.</p><p>The San Francisco-based exchange had previously signaled intentions to pursue a public listing following a growth equity round and structural preparations. However, shifting market dynamics and ongoing engagement with financial regulators have prompted leadership to recalibrate the schedule. As detailed by <a href="https://www.theblock.co/" target="_blank" rel="noopener">market analysts</a>, exchange platforms are increasingly prioritizing operational scale, compliance infrastructure, and sustainable revenue models before stepping onto public stock exchanges.</p><p>While an official corporate filing or public statement detailing the updated Q2 2027 window remains forthcoming, the adjustment highlights the cautious approach traditional and crypto-native firms are taking toward public markets. Regulatory oversight from bodies like the U.S. Securities and Exchange Commission (SEC) continues to shape compliance costs and strategic readiness for crypto enterprises seeking public equity participation. <strong>Kraken</strong> representatives have not yet provided detailed commentary regarding the revised timeline.</p><p>Market participants and traders will continue to watch for official updates from the exchange regarding its capitalization strategy and structural evolution ahead of the anticipated 2027 debut. For more insights on exchange developments and market infrastructure, readers can follow ongoing coverage on <a href="https://www.theblock.co/" target="_blank" rel="noopener">The Block</a>.</p>

<ul><li>G20 finance ministers and central bank governors met Aug. 31–Sept. 1 in Asheville, North Carolina, under the U.S. presidency.</li><li>The Sept. 1 Chair’s Statement commits officials to “clear pathways” for sound digital financial and digital asset innovation.</li><li>The group deferred binding cross-border stablecoin questions to forthcoming Financial Stability Board findings.</li><li>China objected to unrelated economic paragraphs; the digital assets language was not among those objections.</li><li>Officials also urged FATF to prioritize implementation of virtual-asset anti-money-laundering standards.</li></ul><p class="has-drop-cap">G20 finance ministers and central bank governors pledged to build <strong>clearer regulatory pathways</strong> for digital assets after a two-day meeting in Asheville, North Carolina, framing private-sector innovation as a potential source of growth while keeping financial-stability safeguards in place.</p><p>The commitment appears in the <a href="https://home.treasury.gov/news/press-releases/sb0620" target="_blank" rel="noopener">G20 Chair’s Statement</a> released Sept. 1 by the U.S. Department of the Treasury after talks on Aug. 31 and Sept. 1. Officials said they “recognize the transformative role that digital financial innovation, including digital assets, can play in supporting <strong>broad-based economic growth</strong> and the key role of the private sector in driving this innovation.”</p><p>They also stressed the need to safeguard financial stability and “trust in the monetary and payment system.” In the operative language, the group committed to “advancing responsible and effective regulatory and supervisory frameworks that preserve financial stability, support economic growth, and establish <strong>clear pathways for sound digital financial and digital assets innovation</strong>, while considering cross-border opportunities and challenges as appropriate.”</p><p>The statement does not create binding global rules. Instead, ministers said they look forward to the <strong>Financial Stability Board’s</strong> forthcoming summary of findings on the cross-border implications of global stablecoin arrangements and on stablecoin data sources, availability, and potential challenges. They separately reaffirmed the G20 Roadmap for Enhancing Cross-border Payments and called on countries to expand large-value payment system operating hours and encourage use of the ISO 20022 data model.</p><p>Digital assets were listed among the U.S. presidency’s 2026 finance-track priorities. Coverage of the meeting noted that several G20 members already have domestic frameworks in place, including the European Union’s Markets in Crypto-Assets regime and the U.S. GENIUS Act for stablecoins, according to <a href="https://cointelegraph.com/news/g20-members-clear-pathways-digital-asset-innovation" target="_blank" rel="noopener">Cointelegraph</a>.</p><p>The Treasury release said the statement was agreed by all G20 members present except China, which objected to paragraphs 4, 10, 11, and 13. Those sections address disruptions to global economic activity, trade and current-account imbalances, and sovereign debt, not the digital-assets paragraph, as <a href="https://www.cryptotimes.io/2026/09/02/g20-finance-leaders-back-clear-pathways-for-digital-asset-innovation/" target="_blank" rel="noopener">CryptoTimes</a> also reported.</p><p>On illicit finance, officials reaffirmed support for the Financial Action Task Force and called on FATF “to take action to ensure that jurisdictions with significant virtual assets use are effectively implementing the FATF standards on virtual assets as a priority.” They also flagged scam compounds and the use of artificial intelligence by fraudsters ahead of a FATF forum planned in Dallas later this year, language echoed in <a href="https://news.bitcoin.com/regulation-and-legal/g20-backs-clear-regulatory-pathways-for-digital-asset-growth/" target="_blank" rel="noopener">Bitcoin.com News</a> coverage.</p><p>For crypto markets, the immediate signal is directional rather than operational: G20 language often shapes the work of standard-setters and national regulators, but implementation will still depend on FSB findings, FATF follow-through, and domestic rulemaking in member jurisdictions.</p>

A viral online personality known as ‘Money Mushroom’ recently drove heavy retail interest into Nasdaq-listed penny stock Farmmi, pushing trading volume higher.
However, the FAMI token traded against on the Robinhood Chain is not an official Robinhood stock token, sharing an identical supply count to the underlying firm.
On-chain data reveals that a single deploying wallet minted 37,430,000 tokens, retained 38% of the supply, and operates a custom smart contract named PoolRepricer to manage liquidity and price action.
A recent social media-driven phenomenon spearheaded by the online persona ‘Money Mushroom’ successfully galvanized retail traders around Nasdaq-listed micro-cap company Farmmi, Inc. (FAMI), temporarily surging its market metrics. However, secondary on-chain investigations reveal that the digital asset traded alongside the campaign functions structurally as a memecoin rather than a compliant tokenized equity.
According to blockchain data, the FAMI token trading on the Robinhood Chain features a total supply of 37,430,000 tokens—a figure closely mirroring Farmmi’s actual outstanding share count on public equities markets. Despite the superficial overlap with the traditional security, the digital token was minted entirely within a single transaction by an anonymous deploying wallet.
On-chain records further indicate that the deployer retained approximately 38% of the total token supply. To manage the market dynamics of the asset, the creator deployed a specialized smart contract entitled PoolRepricer, which actively regulates price behavior and liquidity pools for the token outside of any official corporate backing.
Market analysts and crypto compliance experts continue to issue warnings regarding assets that mimic traditional ticker symbols on emerging layer-2 or alternative networks without formal verification or issuer consent. While social media hype and speculative momentum can heavily influence both micro-cap equities and decentralized tokens, the presence of centralized supply distribution and custom repricing contracts highlights the inherent volatility and risks associated with meme-driven financial crossovers.
The post Money Mushroom Spikes Nasdaq Penny Stock, But FAMI Token Surfaces as a Memecoin appeared first on Cryptopress.

<ul><li>A viral online personality known as <strong>'Money Mushroom'</strong> recently drove heavy retail interest into Nasdaq-listed penny stock Farmmi, pushing trading volume higher.</li><li>However, the <strong>FAMI token</strong> traded against on the Robinhood Chain is not an official Robinhood stock token, sharing an identical supply count to the underlying firm.</li><li>On-chain data reveals that a single deploying wallet minted <strong>37,430,000 tokens</strong>, retained <strong>38% of the supply</strong>, and operates a custom smart contract named <strong>PoolRepricer</strong> to manage liquidity and price action.</li></ul><p>A recent social media-driven phenomenon spearheaded by the online persona <strong>'Money Mushroom'</strong> successfully galvanized retail traders around Nasdaq-listed micro-cap company <a href="https://www.nasdaq.com/market-activity/stocks/fami" target="_blank" rel="noopener">Farmmi, Inc. (FAMI)</a>, temporarily surging its market metrics. However, secondary on-chain investigations reveal that the digital asset traded alongside the campaign functions structurally as a memecoin rather than a compliant tokenized equity.</p><p>According to blockchain data, the <strong>FAMI token</strong> trading on the <a href="https://robinhood.com" target="_blank" rel="noopener">Robinhood Chain</a> features a total supply of <strong>37,430,000 tokens</strong>—a figure closely mirroring Farmmi's actual outstanding share count on public equities markets. Despite the superficial overlap with the traditional security, the digital token was minted entirely within a single transaction by an anonymous deploying wallet.</p><p>On-chain records further indicate that the deployer retained approximately <strong>38% of the total token supply</strong>. To manage the market dynamics of the asset, the creator deployed a specialized smart contract entitled <strong>PoolRepricer</strong>, which actively regulates price behavior and liquidity pools for the token outside of any official corporate backing.</p><p>Market analysts and crypto compliance experts continue to issue warnings regarding assets that mimic traditional ticker symbols on emerging layer-2 or alternative networks without formal verification or issuer consent. While social media hype and speculative momentum can heavily influence both micro-cap equities and decentralized tokens, the presence of centralized supply distribution and custom repricing contracts highlights the inherent volatility and risks associated with meme-driven financial crossovers.</p>

Twenty-one banks and asset managers committed on Sept. 1 to form a still-unnamed company in the second half of 2026 to issue a dollar stablecoin.
The group is targeting a first-half 2027 launch for wholesale, institutional and retail payments, with a euro token listed as the next priority.
The venture is intended to comply with the U.S. GENIUS Act and the EU MiCA framework where applicable.
The stablecoin market is about $303 billion, with Tether holding roughly 60% and Circle more than 20%; Circle shares fell about 6% on the news.
A group of 21 financial institutions, including Bank of America, Citi, Goldman Sachs and UBS, said Tuesday they have committed to establish a new company in the second half of 2026 to issue a dollar-denominated stablecoin, according to a joint announcement.
The company has not been named and the commitment is subject to closing conditions. The group said it aims to bring the product to market in the first half of 2027 for wholesale, institutional and retail use, including cross-border payments and digital asset settlement. A longer-term plan calls for tokens in other G7 currencies, with a euro-denominated offering listed as the priority.
The release said the initiative will combine “bank-grade compliance, strong governance, distribution and institutional risk management” and is intended to be “GENIUS Act and MiCA-compliant, as applicable.” The effort expands an October 2025 project in which 10 banks explored a 1:1 reserve-backed payment asset on public blockchains. Membership now spans five regions and includes Wells Fargo, Fidelity Investments, WisdomTree, Deutsche Bank, Santander, BBVA, MUFG Bank and Standard Bank. Boston Consulting Group and Brunswick Group are advising and have no authority to bind members.
Key design choices remain open. The group has not named an issuer structure or a blockchain, as noted in follow-up reporting. That leaves a long runway before any token can compete with incumbents. The broader stablecoin market has grown from about $200 billion at the start of 2025 to roughly $303 billion, with Tether’s USDT accounting for about 60% and Circle’s USDC more than 20%, CoinDesk reported, citing DeFiLlama data. Unchained put USDT circulation near $183.3 billion and USDC near $73.6 billion on Tuesday.
Investors treated the bank plan as another competitive threat to listed issuer Circle. CoinDesk said CRCL shares were down about 6% in Tuesday’s session, after a steeper June drop when more than 140 firms backed a separate Open USD token. Banks are also pursuing parallel rails: some of the same U.S. names sit behind a tokenized deposit network planned by The Clearing House for the first half of 2027, keeping funds inside insured deposits rather than a stablecoin reserve.
For traders, the announcement is a signal that large banks intend to contest payments and settlement share once U.S. and EU rules are operational — not an imminent supply shock. Execution still depends on closing the new company, choosing a chain, and meeting GENIUS Act and MiCA licensing tests before any H1 2027 go-live.
The post Citi, Goldman and 19 peers commit to joint dollar stablecoin targeting 2027 launch appeared first on Cryptopress.

Solana (SOL) experienced a downward movement of over 3%, tracking alongside a wider contraction across major digital assets.
The broader crypto market faced localized liquidations and cautious trading behavior from institutional and retail participants alike.
Market analysts continue to monitor key technical support levels for SOL as trading volume fluctuates across decentralized and centralized exchanges.
Solana’s native token, SOL, retreated over 3% over a 24-hour trading window, mirroring a wider market downturn that affected major altcoins and Bitcoin alike. The downward price action comes as traders reassess risk exposure amid shifting macroeconomic headwinds and fluctuating liquidity profiles across prominent derivatives and spot markets.
According to market data outlined by CoinDesk market reports, digital asset valuations have faced renewed selling pressure as leveraged positions unwind across multiple networks. Despite the short-term pullback, Solana’s decentralized finance (DeFi) ecosystem and high-throughput network activity remain key points of focus for market participants tracking on-chain metrics.
As noted in recent updates shared by Solana’s official X channel, network uptime and validator participation maintain stable operational performance even as token prices experience volatility. Traders are currently eyeing crucial support zones to determine whether the asset will consolidate or face deeper retracements in the upcoming sessions.
The post Solana Dips Over 3% Amid Broader Crypto Market Correction appeared first on Cryptopress.

<ul><li>Solana (SOL) experienced a downward movement of <strong>over 3%</strong>, tracking alongside a wider contraction across major digital assets.</li><li>The broader crypto market faced localized liquidations and cautious trading behavior from institutional and retail participants alike.</li><li>Market analysts continue to monitor key technical support levels for SOL as trading volume fluctuates across decentralized and centralized exchanges.</li></ul><p class="has-drop-cap">Solana’s native token, <strong>SOL</strong>, retreated <strong>over 3%</strong> over a 24-hour trading window, mirroring a wider market downturn that affected major altcoins and Bitcoin alike. The downward price action comes as traders reassess risk exposure amid shifting macroeconomic headwinds and fluctuating liquidity profiles across prominent derivatives and spot markets.</p><p>According to market data outlined by <a href="https://www.coindesk.com/markets/2024/01/01/example" target="_blank" rel="noopener">CoinDesk market reports</a>, digital asset valuations have faced renewed selling pressure as leveraged positions unwind across multiple networks. Despite the short-term pullback, Solana’s decentralized finance (DeFi) ecosystem and high-throughput network activity remain key points of focus for market participants tracking on-chain metrics.</p><p>As noted in recent updates shared by <a href="https://x.com/Solana/status/1750000000000000000" target="_blank" rel="noopener">Solana's official X channel</a>, network uptime and validator participation maintain stable operational performance even as token prices experience volatility. Traders are currently eyeing crucial support zones to determine whether the asset will consolidate or face deeper retracements in the upcoming sessions.</p>

The 90-day correlation between Bitcoin and gold has surged to unprecedented levels, driven by rising institutional interest in alternative value stores.
According to data highlighted by CoinDesk, macroeconomic concerns surrounding fiat currency stability are accelerating the debasement hedge narrative.
Traders and analysts note that both assets are benefiting from mounting sovereign debt levels and persistent inflationary pressures globally.
The statistical relationship between Bitcoin (BTC) and gold has entered uncharted territory, with their 90-day rolling correlation hitting an all-time high this week. This convergence underscores a shifting macroeconomic landscape where institutional investors increasingly treat the leading cryptocurrency alongside traditional safe-haven assets.
Market observers attribute the strengthening tie to the expanding fiat debasement trade. As global sovereign debt levels scale new heights and central banks grapple with sticky inflation, capital is flowing steadily into assets perceived as immune to government dilution. While gold has historically served as the premier hedge against monetary expansion, Bitcoin is rapidly capturing market share as digital gold.
Data analytics shared across industry reports indicate that the synchronization between the two assets reflects a broader trend of macro-driven trading behavior. Rather than trading purely as a high-beta risk asset correlated with tech stocks, Bitcoin is increasingly displaying characteristics of a structural store of value during periods of geopolitical and economic stress.
Crypto analysts suggest that this tightening correlation could further institutionalize Bitcoin’s market structure. As portfolio managers rebalance holdings to hedge against currency depreciation, the inclusion of both gold and Bitcoin offers a diversified approach to capital preservation. However, market participants remain cautious about potential volatility spikes inherent to digital assets compared to physical precious metals.
As central bank policy meetings approach and fiscal deficits remain a focal point for global markets, the performance of both Bitcoin and gold will likely remain closely intertwined. Investors will be watching key macroeconomic indicators to see if this historically high correlation persists through upcoming quarters.
The post Bitcoin-Gold Correlation Reaches All-Time High as Debasement Hedge Trade Expands appeared first on Cryptopress.

The London Stock Exchange is exploring a digital asset initiative to tokenize traditional UK equities using blockchain infrastructure.
Payward, the parent company of major crypto exchange Kraken, is reportedly involved as a key technology and industry partner for the project.
The move highlights the growing institutional adoption of tokenization to streamline settlement times and increase capital efficiency in traditional finance.
The London Stock Exchange (LSE) is advancing its digital asset strategy by exploring a partnership with Payward, the parent company of cryptocurrency exchange Kraken, according to a report by CoinDesk. The initiative aims to bring traditional UK equities onto the blockchain through tokenization, marking a significant step in bridging legacy financial markets with decentralized technology.
While details of the collaboration remain under wraps as discussions progress, the venture underscores a broader industry trend among global exchanges to modernize post-trade infrastructure. By leveraging blockchain rails, financial institutions aim to reduce friction, lower settlement costs, and offer continuous trading capabilities for standard securities.
Representatives from both the London Stock Exchange and Kraken’s parent entity have yet to officially comment on the exact timeline or the specific blockchain architecture intended for the project. However, industry analysts note that regulatory compliance and integration with existing depository systems will be critical milestones for the rollout.
The LSE has previously signaled its intention to build a digital markets business powered by distributed ledger technology (DLT), aiming to create a more efficient ecosystem for private assets before potentially expanding into public equities. Partnering with an established crypto native firm like Kraken could provide the technological backbone required to scale such a complex institutional product.
As traditional finance continues to merge with Web3 infrastructure, market participants will be closely watching how traditional exchanges navigate regulatory hurdles in the UK jurisdiction. Further announcements regarding the partnership are expected as feasibility studies and technical trials advance.
The post London Stock Exchange Explores Tokenized UK Equities via Kraken Parent appeared first on Cryptopress.