BITZ0

Dubai, UAE, September 10th, 2026, Chainwire
Zamanat Fund CEIC Limited is the company’s first live proof point for regulated fund tokenization on ZIGChain focused on GCC private credit.
Zamanat today announced its sponsorship of Zamanat Fund CEIC Limited (the “Fund”), a DIFC-domiciled tokenized private credit fund with a target size of up to USD 100 million. The Fund targets the GCC’s estimated $250 billion SME financing gap, with only 11 percent of SMEs across the region having access to credit.
Closing a $250 billion structural gap in GCC SME credit
Across the GCC, SMEs are central to economic growth yet remain significantly underserved by traditional financing. In the UAE, SMEs generate more than half of GDP and employ the majority of the private-sector workforce, yet receive less than 10 percent of total bank lending.
The Fund will invest in private credit across the region, directing capital towards strong homegrown companies whose financing needs are not fully met through traditional lending channels. The strategy supports national ambitions to expand SME participation, private-sector growth and access to alternative financing, including priorities set out under Saudi Arabia’s Vision 2030 and the UAE Centennial 2071.
“Strong businesses across the GCC still struggle to access growth capital despite sound fundamentals. Zamanat sponsored the Fund to create a credible route between those businesses and institutional capital. With a target size of up to USD 100 million and interests issued as Investment Tokens, it is our first live proof point for bringing GCC private credit into a regulated digital structure for Professional Clients,” said Umair Tariq, Founder and CEO of Zamanat.
Bringing GCC private credit into digital markets
Tokenization expands the infrastructure around traditionally hard-to-access private-market assets without changing the underlying investment or credit profile.
The Fund combines a regional private credit strategy, a DIFC fund structure, institutional administration and digital issuance on ZIGChain. It provides a first live demonstration of how regional private credit can be brought into a DFSA-regulated tokenized structure for Professional Clients.
The Fund is a DFSA-regulated closed-ended fund registered as an Exempt Fund and classified as a Credit Fund. It is managed by Truleum Venture Partners Limited and administered by Apex Group. Fund interests will be issued as ZM1 Investment Tokens on ZIGChain within a regulated, whitelisted environment.
As sponsor, Zamanat brings its regional private credit, investment structuring and institutional partnership expertise to the Fund’s development. Truleum retains responsibility for all regulated fund-management activities.
The ZM1 Investment Token structure provides a blockchain-native ownership and settlement layer within the Fund’s regulated framework. It also allows qualifying investors who meet the DFSA Professional Client criteria to participate alongside institutional investors.
Zamanat is backed by Disrupt.com, a MENA-based, operator-led AI-native venture builder and lead investor in the business.
Building the global market for Digital Shariah Assets
Global Islamic finance assets are projected to reach $9.7 trillion by 2029, yet demand for digital and Shariah-aligned assets is growing faster than the institutional infrastructure connecting them with global capital.
Zamanat continues to build the global market for Digital Shariah Assets. Its wider operating model combines investment structuring, Shariah expertise, regulated partner routes and digital distribution to bring real-world assets to market through traditional and digital channels.
The DIFC-domiciled Fund evidences the regulated fund-tokenization, digital ownership and partner-orchestration capability within that wider build. Zamanat is progressing a separate pipeline of Digital Shariah Assets across private credit, receivables, real estate and other asset classes.
Institutional partnerships
Apex Group acts as Fund Administrator, providing institutional fund administration and controls from the outset.
“Zamanat is supporting the creation of a new category in Digital Assets. Bringing institutional structure and digital distribution together within a DFSA-regulated framework sets the standard for how this market should be built, and this fund shows the model working at institutional scale. We are proud to support the infrastructure behind it, and we look forward to partnering further on the projects Zamanat already has in motion,” said Peter Hughes, Founder & CEO, Apex Group.
The global market for Digital Shariah Assets does not yet exist as an institutional category. Zamanat is building it.
Notes to Editors
Sources
LSEG and ICD, 2025 Islamic Finance Development Indicator Report, 14 October 2025 (global Islamic finance assets projected to reach $9.7 trillion by 2029); World Bank, Competition in the GCC SME Lending Markets: An Initial Assessment (estimated $250 billion GCC SME credit gap; 11 percent of SMEs with access to credit); Kearney, GCC Retail Banking Radar 2024.
Investor notice
This communication as related to Zamanat Fund CEIC Limited is approved by Truleum Venture Partners Limited in the DIFC (DFSA License Number: F008013).
This release is for information only. It is not an offer, invitation or recommendation to subscribe for interests in Zamanat Fund CEIC Limited or acquire ZM1 Investment Tokens. Any participation will be made only through the Fund Manager, final offering documents and applicable Professional Client eligibility requirements. For avoidance of doubt, this communication is intended for and directed only to investors who meet the requirements to be considered Professional Clients as specified under the Dubai Financial Services Authority Conduct of Business Rulebook, Rule 2.3.3. The Fund is an ‘Exempt Fund’. Accordingly, the ZM1 Investment Tokens are available only to Professional Clients.
This release and the information contained herein does not constitute, and is not intended to constitute, a public offer of securities in any other jurisdiction and accordingly should not be construed as such. The ZM1 Investment Tokens are only available to a limited number of investors from the DIFC. The ZM1 Investment Tokens have not been approved by or licensed or registered with any other relevant licensing authority or governmental agency. No transaction will be concluded in onshore UAE outside the DIFC.
The Fund is not an Islamic Fund and is not marketed as Shariah-compliant. References to Shariah in this release relate to Zamanat’s broader platform and market ambition and not to the Fund.
About Zamanat
Zamanat is building the global market for Digital Shariah Assets. The company connects asset originators with global capital through investment structuring, Shariah expertise, regulated partner routes, tokenization and distribution across traditional and digital channels.
Zamanat also sponsors and develops institutional investment products through appropriately licensed partners. Each product follows its own legal and regulatory framework and, where presented as Shariah-aligned, its own product-specific Shariah review and governance process. Website: www.zamanathq.com
ContactGlobal Head of PR & CommunicationsKatarzyna Kosiordisrupt.cominfo@zamanathq.com
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

Dubai, United Arab Emirates, September 10th, 2026, Chainwire
Tech entrepreneur and angel investor Alessio Vinassa today announced the expansion of his investment framework focusing on the convergence of artificial intelligence and cybersecurity, applying strategic risk-mitigation model lessons derived from managing high-pressure financial turnarounds to emerging enterprise technologies. Before he began investing across artificial intelligence, cybersecurity, Web3 and innovative finance, he faced a financial collapse that changed how he understood risk.
Alessio reached a point where approximately €180,000 was due while only about €2,200 remained in his bank account. The situation left him facing the possibility of bankruptcy and forced him to confront the consequences of growth without sufficient protection, diversification or structural discipline.
The experience became more than a difficult chapter in his entrepreneurial career. It influenced how he would later evaluate businesses, support founders and approach emerging technology.
Today, Alessio has more than fifteen years of operating and investment experience and has backed more than 40 ventures across cybersecurity, artificial intelligence, Web3 and innovative finance. His current work reflects a strategic reality that businesses can no longer afford to ignore artificial intelligence and cybersecurity are becoming increasingly intertwined.
Artificial intelligence is changing how companies interpret information, automate work and make decisions. Each capability can also introduce another form of dependence. Systems require access to data. Automated tools may influence customer interactions, financial activity and internal operations. The more authority companies give these technologies, the more important security, transparency and accountability become.
For Alessio, this is where innovation must meet discipline.
“AI should amplify executive judgment, not replace it,” he says.
Technology can increase speed and capability, but leaders remain responsible for determining how that capability should be used, which risks are acceptable and where human oversight must remain.
Cybersecurity provides part of the foundation for that trust. As artificial intelligence becomes embedded in important business processes, security extends beyond protecting networks from external threats. Companies must also understand who can access information, how automated actions are monitored and what happens when a system produces an unexpected result.
Businesses that address these questions early may be better positioned to earn the confidence of customers, investors and commercial partners. Those that treat security as an addition after adoption risk allowing operational exposure to grow alongside their success.
Alessio’s technology and investment perspective was shaped by learning what can happen when momentum is mistaken for stability. His financial collapse revealed that creating value and protecting it require different capabilities. A company may appear successful while becoming increasingly dependent on favourable conditions, concentrated decisions or systems that have not developed at the same rate as its growth.
The same lesson applies to emerging technology. A product can attract attention and investment before proving that it can operate securely, respond to failure or sustain customer trust.
Alessio evaluates opportunity through more than technical novelty. His approach considers whether a technology addresses a meaningful problem, whether customers can adopt it consistently and whether the company has the governance required to support expansion. In his published investment commentary, he has identified cybersecurity, artificial intelligence governance, identity solutions and enterprise automation as areas where technology is addressing essential infrastructure needs.
The leadership teams behind these products are equally important. Alessio has spoken about the value of founders who can identify where their businesses are exposed, explain how their systems will respond under pressure and recognise which evidence would require them to change direction.
“Good governance makes companies faster, not slower,” Alessio says.
Governance is sometimes treated as a restriction on innovation. Alessio views it as the structure that allows innovation to scale responsibly. Clear decision rights, reliable reporting and defined accountability enable companies to move without depending on one person to resolve every issue.
This perspective has particular relevance as businesses adopt artificial intelligence at increasing speed. Competitive pressure can encourage companies to introduce tools before they fully understand the information those tools access or the decisions they influence.
Alessio does not argue that innovation should slow by default. His position is that speed becomes commercially valuable only when the systems supporting it can be trusted. The objective is not to eliminate every possible risk. It is to understand exposure before customers, employees and operations become dependent on the technology.
His progression from financial collapse to investing across emerging technology also informs his broader work on leadership. The lesson was not simply that an entrepreneur can recover after losing money. Recovery became meaningful because it changed the structures and decisions that followed.
Alessio is developing these ideas further in his book, No One Is Coming: The Mental Operating System for Leaders Under Pressure. The book examines how founders, executives and operators make consequential decisions when certainty is unavailable and responsibility cannot be transferred to someone else.
As artificial intelligence and cybersecurity continue to converge, that responsibility will extend beyond technology teams. Investors will need to examine the security behind innovation. Boards will need to understand the systems on which their organisations depend. Founders will need to build trust as deliberately as they build capability.
The €180,000 turning point gave Alessio’s investment philosophy a personal foundation. It taught him that unmanaged exposure can remain hidden while confidence is high and growth is still visible. His work today applies that lesson to a new technological era: innovation creates lasting value only when the structures protecting it are built to endure.
About Alessio Vinassa
Alessio Vinassa is an entrepreneur, angel investor, technology builder and author with more than fifteen years of experience across cybersecurity, artificial intelligence, Web3, innovative finance and business leadership. He has backed more than 40 ventures and works with founders and executives on investment, strategy, organisational development and leadership under pressure. He operates between the UAE and Europe.
ContactAlessio Vinassainfo@alessiovinassa.io
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

The email route is usually presented as the easy option and the wallet route as the serious one. That framing is half right and it obscures the actual trade, which runs in both directions.
Email sign-in costs you specific things and hands you others. Here is what changes.
Four Things That Shift
Take them in order of how much they matter.
1. Custody of the Balance
This is the largest difference and the one most people never see stated.
On a non-custodial platform, a wallet route means settled funds return to an address you control. Between bets, the money is genuinely yours: no operator holds it, no operator can freeze it, and no insolvency reaches it.
An email account balance works the other way. The operator holds it, and you request a withdrawal to move it. That is the conventional arrangement almost every online casino has always used, and it is fine as far as it goes.
It is simply not the same thing, and platforms offering both routes rarely make the distinction explicit at signup.
If you chose a non-custodial platform because it is non-custodial, the email route partly forgoes the reason you chose it.
2. The Address-Level Record
A wallet route ties your play to a public address, which produces something an email account does not: an independently verifiable trail.
On a platform writing settlement to a chain, bets resolved to your address leave timestamped entries you can retrieve yourself, from a block explorer, without asking anyone.
An email account's history exists in the operator's interface and nowhere else, which means the record and the party you might one day dispute with are the same entity.
That difference matters rarely and matters enormously when it does.
3. Account Recovery, Which Favours Email
Here the trade reverses, and it deserves equal weight.
Email gives you a password reset. Lose access and there is a recovery path, a support team, and a route back into your account. That is a real, valuable service.
A wallet gives you nothing of the kind. Lose the recovery phrase and the funds are gone permanently, with no operator, provider or support agent able to restore them. Self-custody removes a counterparty and removes every service that counterparty was providing.
For a substantial number of players, recoverability is worth more than custody. That is a defensible position and not a naive one.
4. The Privacy Trade Runs Backwards
Most people assume the wallet route is the private one. It is more complicated than that.
An email address is a persistent identifier, usually shared with your other accounts, and it links a gambling account to an identity you use elsewhere. That is a real disclosure.
A wallet address does not carry your name, and it exposes every transaction that wallet has ever made: balances, counterparties, other platforms. A fresh wallet used only for play reveals very little. A wallet you have used for years reveals a great deal.
So neither route is simply more private. The email route discloses identity, the wallet route discloses financial history, and which is worse depends entirely on what you would rather keep to yourself.
Where This Leaves the Choice
Set the four side by side and the routes suit different people.
The wallet route suits anyone who wants the balance in their own custody, values an independent record, and is comfortable being solely responsible for key management. It is the stronger option on the days something goes wrong with the operator.
An email route suits anyone testing a platform, playing small, or who would rather have a recovery path than a custody guarantee. It is the stronger option on the days something goes wrong with you.
Dexsport offers wallet, email and Telegram sign-in, which makes this a genuine choice and not a theoretical one.
Its non-custodial settlement is the specific feature the email route partly gives up, and that is worth knowing before you pick, since the platform's main structural advantage is the one attached to the wallet path.
The Telegram login sits between them practically, avoiding the mobile handoff problems that make wallet connection unreliable on phones while still being an account-based login. Dexsport holds an Anjouan licence, lighter than Curacao or Malta.
You Can Change Your Mind
Worth ending on, because the decision feels more permanent than it is.
Starting with email to test a platform and moving to a wallet later is a reasonable sequence:
Try the lower-exposure route first, since it grants no on-chain permission
Confirm the cashier works and the withdrawal terms match what was published
Then commit properly with a wallet if the custody properties are what you came for
Dexsport supports all three routes, so that sequence runs without changing platforms.
What you should not do is choose a non-custodial platform, sign in by email, and assume you have the custody properties the platform advertises. Those come with the wallet, and how a platform holds and returns funds depends on which route you took in.
Confirm what is legal where you live, keep stakes within a set budget, and play only if you are of legal age, since KYC or AML checks may apply. Responsible gambling is unaffected by sign-in route, and running one balance across products works the same either way, so the limits worth setting are identical.


Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice. Platform features, custody arrangements and sign-in options vary by operator and change over time, so confirm current details before depositing. Self-custodied funds cannot be recovered by any third party. Betting carries risk, and rules vary by country, so check the law where you live. Please gamble responsibly, within your means, and only if you are of legal age.

Connecting a wallet to a casino does not give it access to your funds. A large number of people believe it does, and that belief produces both unnecessary anxiety and, oddly, misplaced confidence about the step that actually matters.
Here is precisely what the connection grants, and where the real permission gets handed over.
A Connection, Line by Line
What happens when you approve that first prompt.

Does a connection permit it?
Read your public wallet address
Yes
Read your balances and transaction history
Yes, this data is already public on-chain
Request a signature from you
Yes, and you approve each one individually
Move funds without your approval
No
See your private key or recovery phrase
No, never
Create a standing spending allowance
No, that is a separate transaction
Rows four and five are the reassuring ones. A connection creates a read and request relationship: the site can see a public address and can ask you to sign things. It cannot act on your behalf, and no amount of connecting exposes the key material that controls the wallet.
Row six is the one that matters most, and it is where the confusion lives.
Connection Is Not Approval
These are two distinct events that happen minutes apart in the same flow, which is why they get treated as one thing.
Connecting establishes the read and request link described above. Nothing on-chain happens, no transaction is broadcast, and nothing is recorded by any token contract.
A token approval is a separate on-chain transaction that grants a contract permission to move a specific token on your behalf, often for an unlimited amount and indefinitely. This is a real permission with real consequences, and it persists until you revoke it.
Almost everything people fear about connecting a wallet is actually true of approvals. Almost nobody distinguishes them, so the fear lands in the wrong place and the caution gets spent on the harmless step.
The practical rule follows: be relaxed about connecting and attentive about approving. The prompts look similar and they are not remotely equivalent.
Two Kinds of Signature Request
Since a connection permits requests, it is worth knowing what you might be asked to sign.
A message signature proves you control the address. It costs nothing, broadcasts nothing and moves nothing, and it is the standard way a site authenticates you after connecting. Approving one is routine.
A transaction signature does something on-chain: moves value, grants an allowance, or calls a contract function. This is the one that deserves reading, because the consequence is real and irreversible once confirmed.
Your wallet distinguishes them, though not always prominently. Read what the prompt says it is doing before approving, particularly if the request arrived without you initiating an action.
Public Address Privacy Is the Real Cost
One real cost of connecting, and it is not a security cost.
The site now knows your public address, and a public address exposes every transaction that wallet has ever made.
Balances, counterparties, other platforms you have used, holdings you might not want associated with a gambling account. All of it is already public, and connecting is what links it to your identity on that platform.
Mitigation here is structural instead of technical: run a separate wallet for play, funded from your main holdings, holding only what a bankroll needs. Then a connection exposes a bankroll's history instead of your whole financial position.
How This Plays Out at Dexsport
Worth grounding, since the platform's model changes which of these steps carries weight.
Dexsport supports wallet connection across MetaMask, Trust Wallet, OKX, Bitget and others. Because it is non-custodial, settled funds return to the wallet you connected, so the wallet is doing more work here than it would at a custodial site where it only funds a deposit.
That makes the approval step more consequential and the connection step no more so. Same distinction, higher stakes on one side of it.
Its settlement is also written to a public on-chain desk, which means resolved bets are visible from the address you connected. That is a transparency feature and a privacy consideration simultaneously, and on-chain recording covers a specific claim that cuts both ways.
The platform also offers email and Telegram sign-in, and neither grants any on-chain permission whatsoever. For anyone trying a platform for the first time, that is the lowest-exposure way in. It holds an Anjouan licence, lighter than Curacao or Malta.
Short Version
A connection lets a site see a public address and ask you to sign things
It cannot move your money or reach your keys
An approval is the separate transaction that grants spending permission
On a non-custodial platform like Dexsport that distinction carries more weight, since the wallet holds your balance instead of just funding a deposit.
The step that grants spending permission is the approval transaction that usually follows, and that is where your attention belongs, alongside checking how a platform handles deposits and withdrawals before you commit anything.
Confirm what is legal where you live, keep stakes within a set budget, and play only if you are of legal age, since KYC or AML checks may apply. Responsible gambling is unaffected by how you connect, and a separate play wallet holding a set amount is a budgeting tool as much as a security one.


Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice. Wallet software and platform implementations vary, so consult your wallet provider's current documentation. Never share a recovery phrase with anyone, including support staff. Betting carries risk, and rules vary by country, so check the law where you live. Please gamble responsibly, within your means, and only if you are of legal age.

Apple’s September 9 event is certain; a foldable iPhone is not. The company has confirmed a 10 a.m. Pacific presentation under the tagline “Surprise and shine,” but it has not publicly confirmed that a foldable handset will be part of it. That distinction matters because the financial expectations around such a device are already substantial. Morgan Stanley estimates a foldable iPhone could contribute about $14 billion to Apple’s December-quarter revenue.
The more difficult question is whether a new form factor can produce incremental upgrades at a price point far above Apple’s current range. A foldable may create a powerful reason for some customers to trade up, but attention is not the same as a broad replacement cycle. The outcome will depend on how Apple handles the price step, whether its new upgrade subscription changes the purchase decision, and whether it can make enough devices available in time for the December quarter.
A $14 billion December-quarter bet on pricing power
The prospective revenue contribution puts the rumored product in a different category from an incremental iPhone refresh. Morgan Stanley’s approximately $14 billion December-quarter estimate is explicitly also a test of Apple’s pricing power, according to reporting from Yahoo Finance. It suggests that the financial case rests not simply on a new device attracting buyers, but on Apple persuading buyers to accept a materially higher tier of smartphone spending.
The comparison with the present lineup explains the challenge. Samsung’s foldables reportedly span $1,899 to $2,999, while the iPhone 17 lineup is roughly $989 to $1,199, according to S&P Global Market Intelligence. Those ranges do not establish Apple’s eventual pricing, particularly because Apple has not confirmed the product. They do show the size of the category transition Apple would be asking customers to make if it enters the foldable market at prevailing premium levels.
That is why the $14 billion figure should not be read as a simple forecast of enthusiasm. Revenue at that scale would require a combination of high realized prices and meaningful unit availability within a short seasonal window. A foldable could lift Apple’s revenue mix even without becoming a mass-market iPhone. Yet its ability to restart an upgrade cycle is a higher bar: it would need to pull purchases forward or draw customers into a new premium tier in sufficient numbers, rather than mainly redirecting spending from existing Pro models.
Apple’s advantage is that it does not need to compete on price alone. Its hardware, services and device ecosystem give existing users reasons to remain within the company’s product family. But ecosystem loyalty does not erase the household-level decision involved in moving from roughly a $989–$1,199 phone to a device in a segment where reported competing prices begin at $1,899.
Apple does not need a foldable to keep iPhone revenue growing
Apple reported fiscal 2025 iPhone revenue of $209.586 billion, up 4% from $201.183 billion in fiscal 2024. The company said in its 2025 Form 10-K that higher Pro-model sales primarily drove the increase.
Its 2026 proxy statement separately reported all-time-high installed bases across major product categories and geographic segments, with fiscal-year revenue of $416.2 billion. The figures in the proxy filing describe the customer base and financial scale available before any potential foldable launch.
Against that backdrop, a foldable would be best understood as an effort to expand Apple’s premium ceiling and continue its higher-priced product-mix strategy. It would not need to rescue a weakening iPhone franchise or carry the business alone. The more difficult question is whether it could create growth beyond the existing Pro lineup.
Some of that demand might otherwise have gone to Pro models, but there is no supplied evidence that cannibalization will occur. Nor would cannibalization necessarily be harmful if the new device carried a sufficiently higher price. The commercial measure is whether Apple’s overall handset revenue rises and whether customers enter a faster replacement pattern—not simply whether one iPhone is exchanged for another.
A product can be expensive, scarce and highly visible while reaching only a narrow portion of the installed base. Apple’s existing strength therefore gives it a broad audience for an upgrade proposition, while also raising the evidentiary standard for claiming that a foldable, rather than its current premium lineup, is driving acceleration.
The upgrade subscription changes the upfront-price obstacle
Apple’s recently introduced U.S. Apple Upgrade subscription program could be the practical bridge between a foldable’s headline price and a customer’s monthly budget. Apple says the program can support financing or leasing-style payments, a structure that could reduce the upfront barrier to an expensive device and encourage faster replacement. The company announced the program in July through its iPhone newsroom updates.
For a prospective foldable buyer, the significance is less that the device becomes cheap than that the payment framing changes. A high sticker price is immediate and visible; a subscription or installment arrangement spreads the decision over time. That can make a premium handset more accessible to customers who would not pay the full amount upfront, while making an earlier upgrade easier to contemplate.
The program therefore gives Apple a mechanism that fits the product’s central commercial problem. If foldables sit near the pricing reported for Samsung’s devices, the hurdle is not merely persuading a customer that a larger, flexible display is useful. It is converting that perceived utility into an acceptable monthly commitment. The subscription could help Apple capture customers who value the form factor but resist a four-figure upfront outlay.
It cannot remove affordability pressure. CBS News reported that pressure on household budgets could make it difficult to persuade consumers to buy more expensive phones even if a foldable attracts substantial attention. Financing changes timing and payment structure; it does not change the total economic weight of a premium purchase for every household.
That tension makes the subscription more relevant as a test than as an automatic demand solution. Apple may be able to smooth the price shock for part of its U.S. customer base, but a broad upgrade cycle requires willingness to take on the recurring payment as well. The foldable’s appeal will have to be strong enough to compete with the simpler option of keeping a current phone or purchasing a conventional iPhone.
Manufacturing volume could decide whether September produces an upgrade cycle
Even a successful announcement would not settle the commercial question in September. Reporting indicates Apple could announce a foldable at the event but ship it later or in limited volumes because of manufacturing challenges. MacRumors reported that availability could be constrained, making supply as important as demand for any immediate upgrade-cycle effect.
This is the constraint that most directly separates launch excitement from December-quarter revenue. Limited availability would cap the number of upgrades Apple can record, irrespective of consumer interest or the product’s price. A later shipment schedule would also shift the period in which demand can be observed and revenue recognized, weakening the immediate connection between the September presentation and Morgan Stanley’s $14 billion December-quarter estimate.
Scarcity can heighten the perception that a product is desirable, but it cannot by itself establish a replacement cycle. For Apple, the question is whether manufacturing can support a volume business during the year’s most important sales period. If supply remains tight, the first evidence may reflect production constraints as much as customer appetite.
Apple has confirmed only the September 9 event, not the foldable itself. Should the device appear, its price, payment options and shipping schedule will matter more to the upgrade-cycle thesis than the presentation’s tagline. The immediate proof point is not whether Apple can command the stage; it is whether it can put enough premium devices into customers’ hands to turn a new category into December-quarter revenue.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Visa said on September 8 that it is combining VisaNet settlement data with onchain lending infrastructure to help stablecoin-linked card programs and fintechs access working capital, according to Visa’s announcement. The financing is tied to payment-settlement receivables as stablecoin card activity expands on Visa’s network. Visa also said more than 160 stablecoin-linked card programs operate on its network, payment volume has risen nearly 200% year over year, and stablecoin settlement volume has exceeded a $20 billion annualized run rate, according to Visa’s announcement.
Visa pairs settlement receivables with stablecoin credit
The structure uses stablecoin-denominated revolving credit secured by settlement receivables, allowing lenders to evaluate credit for stablecoin-linked card programs against expected card-payment settlements rather than relying solely on a program operator’s balance sheet.
Credit Coop, the onchain credit provider involved in the model, receives authorized daily Visa settlement files. Visa said smart contracts automate funding, collateral control and repayment using settlement information supplied through VisaNet, making settlement receivables usable as collateral for revolving stablecoin liquidity rather than unsecured financing.
More than 160 card programs create the funding demand
Visa said more than 160 stablecoin-linked programs are operating on its network, and payment volume across them is up nearly 200% from a year earlier.
The company also put stablecoin settlement volume at more than $20 billion on an annualized basis. That run-rate measure reflects an extrapolated pace of activity, not necessarily settled volume recorded during a completed 12-month period.
Visa said fintechs and card-program operators can use the model for working capital tied to transaction activity documented through Visa settlement files. Decrypt independently reported the figures and described the initiative as pairing payment-settlement data with blockchain lending tools to help lenders evaluate stablecoin card programs.
Credit Coop’s prior settlement-financing record
Visa said Credit Coop’s settlement-financing model has financed more than $2.5 billion in cumulative settlement volume since 2023. The company also reported more than 3,000 borrowing events and 9,000 repayment events across participating facilities over that period.
The zero-default record Visa reported for those facilities applies to participating facilities and was not presented in the announcement as an independently audited portfolio-performance assessment.
The prior activity provides operating history for the model Visa is now highlighting: daily settlement data can support lending decisions, while smart contracts can manage funding, collateral and repayment. Decrypt also cited Visa’s $2.5 billion figure for financing conducted through Credit Coop.
Visa’s announcement puts its settlement network at the center of the underwriting process. The company is not merely pointing to stablecoin payment activity; it is seeking to use the receivables generated by that activity as the basis for revolving credit available to the programs handling it.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

You tap connect, your wallet app opens, you approve, and then you sit there. The browser never comes back, and when you switch to it manually the casino still shows you as disconnected.
A failed mobile connection like that is not a bug in the casino. Most of it is documented behaviour in the operating system, and one part of it was deliberately removed by Apple.
Five Points Where the Handoff Breaks
Five failure points, in the order you meet them.
iOS 17 redirection was removed by Apple. WalletConnect's own documentation states that automatic redirection back to browser-based applications is not possible from iOS 17 onwards, and advises developers to adjust their interfaces to tell users to navigate back manually. On earlier versions, the router could return you automatically. So being stranded in the wallet app after approving is expected behaviour, not a malfunction.
iOS suspends backgrounded apps. These protocols depend on a persistent WebSocket connection between the site and the wallet, and iOS disables ongoing network communication the moment an app moves to the background. Solana Mobile's documentation says this outright: Mobile Wallet Adapter is unavailable on iOS for exactly this reason, and deep links cannot bridge it.
Universal links do not reliably open the app. They only launch a native app when strict conditions hold, including a genuine user gesture immediately preceding the navigation. WalletConnect advises developers to prefer deep linking precisely because universal linking may bounce the user into a browser instead of the wallet.
Delayed navigation gets intercepted. If the deep link fires even slightly after your tap, the browser treats it as an unsolicited redirect and shows an "open in app?" prompt instead of switching. This is why the first attempt often works cleanly and later ones start asking permission.
Stale sessions accumulate. Old WalletConnect sessions linger and interfere with new ones, and the standard fix is to disconnect every active session and reload the page before trying again.
Read those five together, and a pattern appears. Almost nothing here is under the casino's control. The failure sits in the handoff protocol and the platform rules around it.
Four Fixes That Work
Four workarounds, roughly in order of how often they work.
Copy the connection URI and paste it manually. If the connect button does not launch your wallet, take the wc: string from the QR or copy option and paste it into your wallet's own connection field. This bypasses the mobile browser settings that block automatic app launches, and it is the most consistently effective fix available.
Use the wallet's built-in browser. Opening the casino inside MetaMask's or Trust Wallet's own browser removes the app switch entirely, because the site and the wallet are already in the same process.
Update both apps. Developer community data suggests version mismatches account for a substantial share of reported connection failures, since protocol updates need implementing on both sides.
Disable VPNs, ad blockers, and privacy extensions temporarily. These frequently block the WebSocket connections the protocol requires, and the failure looks identical to a handoff problem.
If none of those work, clear the site's local storage or open the casino in a private tab for a clean session, then reconnect.
The Structural Answer Is Not to Hand Off at All
Here is the part worth understanding, because it explains why some platforms feel dramatically easier on a phone.
Every problem above is a consequence of leaving the browser. A sign-in route that never leaves it never encounters any of them.
Dexsport offers three routes in:
Wallet connection, which meets every problem listed above on a phone
Email, a conventional account login that never leaves the browser
Telegram, which authenticates inside an app you already have open The Telegram option is the interesting one on mobile, because it sidesteps the handoff entirely instead of trying to make it work.
That matters more than it sounds. Mobile is now the primary way most people reach Web3, and a platform offering only wallet connection is offering the least dependable route as its only route.
Which wallets a platform supports is a real constraint, and how many non-wallet alternatives it offers is a separate and equally practical one.
Dexsport supports wallet connection across MetaMask, Trust Wallet, OKX, Bitget and others alongside those alternatives, so choosing the email or Telegram path is a preference and not a downgrade.
Being non-custodial, settled funds still return to a wallet you hold, whichever route you signed in through.
When to Persist and When to Switch
Practical judgement, since some of this is worth fixing and some is not.
Persist if you want wallet-native access, are on desktop where none of this applies, or are using the wallet's own browser
Switch if you are on a phone, in a hurry, and the connect button has already failed twice
The copy-paste URI fix resolves most cases within a minute, so one attempt at it is worth making before giving up.
You are not doing anything wrong, and a third attempt is unlikely to behave differently. On Dexsport in particular, switching costs nothing, since running one balance across a platform works the same regardless of how you signed in.
Confirm what is legal where you live, keep stakes within a set budget, and play only if you are of legal age, since KYC or AML checks may apply.
Responsible gambling has an incidental connection worth naming: the friction of a failed connection is occasionally the pause that ends a session early, and that is not the worst outcome of a technical fault.


Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice. Operating system behaviour, wallet software and connection protocols change, so consult current documentation from your wallet provider if problems persist. Betting carries risk, and rules vary by country, so check the law where you live. Please gamble responsibly, within your means, and only if you are of legal age.

Through June 30, 2026, the S&P Semiconductors Select Industry Index had gained 144%, versus 20% for the S&P 500 Top 10 Index, according to S&P Dow Jones Indices. The figures show that the AI trade has diverged by layer: the market’s largest gains have gone to the physical infrastructure required to run AI, not to technology stocks as a single group.
NVIDIA reported fiscal second-quarter 2027 revenue of $96.2 billion, up 106% year over year. Data Center revenue rose 117% to $89.0 billion and represented roughly 93% of total sales. That concentration makes the connection between AI infrastructure buildouts and reported revenue unusually direct.
For software investors, the central issue is where AI spending will accrue. It may become a source of new contracted revenue, or it may reduce paid seats and weaken the pricing structure that supported the software-as-a-service model. The software selloff is thus a repricing of where value can be captured in the AI stack, rather than simply a verdict on technology spending.
Chipmakers are capturing AI spending before software monetization is settled
Infrastructure suppliers are benefiting from demand that is visible in orders, system shipments and data-center revenue. NVIDIA’s figures, disclosed in its quarterly results, provide the clearest example. Nearly all of the company’s revenue came from Data Center in the quarter, so the effect of AI buildouts does not need to be inferred from a product roadmap or a promise of future adoption.
That is different from the position of many software companies. A customer can spend on computing capacity before deciding which applications, workflows or agent products will earn a recurring budget. The infrastructure layer is therefore receiving revenue at the construction stage of the AI cycle, while application vendors are still establishing what customers will pay for once those systems are deployed.
The 144% semiconductor-index gain should not be read as evidence that every chip business has the same exposure or that software is absent from the AI trade. It does, however, show how forcefully investors have rewarded the part of the market with the most measurable near-term demand. NVIDIA’s growth has given that preference a financial anchor.
This sequencing can produce an uncomfortable gap in valuations. Chipmakers can show the revenue impact of capital expenditure today. Software companies may need to demonstrate that an AI feature is not merely an added cost or a defensive product response, but a service that expands contract value without undermining the existing subscription base.
AI agents challenge the per-seat SaaS model
The pressure on software shares is rooted in a specific economic concern, not just a broad fear that AI will disrupt everything. Investors worry that AI agents could compress pricing power and reduce demand for traditional per-seat SaaS products, according to Nasdaq Global Indexes. Nasdaq described February 2026 market performance as a software-led selloff tied to those structural concerns.
Per-seat pricing has a straightforward logic when more employees using a service mean more licenses sold. Agents complicate that logic if they automate tasks that previously required a larger number of users to interact with a software product. The market is consequently assessing two risks at once: whether customers can demand lower prices for work handled by automation, and whether they may need fewer conventional licenses.
Neither risk means every software category will be displaced. The effect depends on whether a company sells a narrowly defined application exposed to automation, or controls the data, workflows and customer relationships through which AI is deployed. But the burden of proof has shifted. Revenue growth alone may not settle the question if investors believe that growth rests on a pricing model vulnerable to a change in how work gets done.
That helps explain why the sector’s reaction has been more severe than a routine rotation away from growth stocks. The issue is not only the cost of building AI capabilities. It is whether the technology changes the unit of value from a named user to an automated outcome, with uncertain implications for established subscription economics.
Salesforce and ServiceNow show software is being sorted, not simply displaced
Salesforce’s fiscal second-quarter 2027 results put specific numbers behind the AI debate: revenue was $11.3 billion, up 11% year over year; Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210%; and the company raised its fiscal 2027 revenue outlook to $46.1 billion to $46.4 billion. The figures were reported in Salesforce’s earnings release.
ServiceNow supplied a separate data point, reporting second-quarter 2026 subscription revenue of $3.877 billion, an increase of 24.5% from a year earlier. ServiceNow AI surpassed $1 billion in annual contract value, according to the company’s results. That measure is not recognized revenue, but it does indicate customer commitments to AI products.
Neither report settles how durable AI economics will be across software, and neither proves that the broader software selloff was mistaken. They do undercut a blanket conclusion that AI is destroying software demand and point toward a more granular market judgment.
The relevant divide is how companies monetize the technology. Platforms able to attach AI to established data, enterprise workflows and contracted relationships have a visible route to capturing spending; businesses viewed as selling more replaceable, seat-based functionality face a tougher valuation debate. “Software” is therefore too broad a category if AI threatens some applications while supporting new contract value at companies with the distribution and operational role to sell it.
The infrastructure winners still depend on hyperscaler returns and physical buildout
The semiconductor rally rests on strong reported demand, but execution and valuation risks remain. NVIDIA said in its SEC filing that Blackwell remained the majority of system shipments and that Vera Rubin began production shipments in fiscal third-quarter 2027. The filing also cautioned that customer demand estimates may prove inaccurate and that shortages of land, power, data-center shells and capital could affect future revenue.
That warning points to a constraint beyond chip supply. AI computing demand must become deployed infrastructure, and the pace of that conversion depends on power, physical space, data-center capacity and financing. A surge in planned capacity can therefore outpace the facilities needed to install it.
The market has begun testing the financial side of the buildout as well. In July, the Philadelphia Semiconductor Sector Index had fallen 4.5% from its recent level as investors questioned elevated chip valuations and whether hyperscalers would earn adequate returns on record AI spending, Axios reported.
Although semiconductor stocks had substantially outperformed through June, that pullback showed the infrastructure trade remains exposed to a second stage of monetization. Chipmakers are converting the buildout into revenue; their largest customers still must demonstrate that the resulting capacity can produce acceptable returns. Software companies face a different burden: showing that AI agents strengthen rather than erode recurring revenue.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Matter Labs said on September 8 that institutions could run, inspect and modify Prividium’s open-sourced permissioning engine in their own environments.
The component is the permissioning layer of Prividium, while certain administration, operational and integration products remain part of Matter Labs’ commercial offering. Deutsche Bundesbank is the first institution testing and deploying the engine in its own infrastructure, according to The Block.
Bundesbank tests Prividium’s newly open permissioning engine
Prividium’s permissioning engine is now open source. In its September 8 announcement, Matter Labs said institutions can run, inspect and modify the component in their own environments instead of keeping the core software under a provider’s control.
The component is built for permissioned networks, in which participation is controlled, and handles the rules and mechanisms governing access. That makes it the relevant layer in the Bundesbank use case: Matter Labs has described Deutsche Bundesbank as the first institution testing and deploying the open-source engine within its own infrastructure.
The announcement and report do not give the testing’s scope, timeline or outcome. Nor does the reported deployment establish that a particular financial application has entered production.
Open code and commercial tools
The permissioning engine is intended to operate as a standalone component. Institutions can run a permissioned chain from public code without entering into a commercial agreement for the core software, according to The Block. Public availability also allows organizations to inspect and modify the engine in their own environments.
The release does not make the entire Prividium stack non-commercial. Administration tools and enterprise integrations remain commercial offerings, separating control of the core permissioning software from products that support administration and enterprise connectivity.
Matter Labs said the decision responded to regulated institutions’ concerns about relying on a single vendor for critical financial infrastructure. The open-source engine changes how the core component can be used without removing Matter Labs’ role in the broader product ecosystem.
Prividium architecture diagram showing the permissioning system, private ZKsync Chain and Ethereum settlement layer. — Source: ZKsync Documentation
Private ZKsync chain with Ethereum anchoring
According to ZKsync’s technical documentation, Prividium is a permissioned Validium chain that uses role-based access control. It runs a private ZKsync Chain with its own sequencer and prover inside an organization’s infrastructure or cloud environment.
Transaction data and state remain off-chain under the documented design. Zero-knowledge proofs anchor state updates to Ethereum, while the institution operates the private-chain environment and its sequencing and proving functions rather than placing them on public-chain infrastructure.
The permissioning engine therefore concerns access controls for the private chain. The sequencer, prover, off-chain data and state handling, and Ethereum anchoring are components of that private-chain design, distinct from the surrounding commercial products.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

On September 7, 2026, the Ethereum Foundation’s Protocol cluster announced a target of December 2029 for full quantum resistance across Ethereum’s execution, consensus and data layers.
The Foundation also identified as early as 2030 as the point at which quantum computers capable of breaking current cryptography could emerge. It acknowledged that arrival estimates vary and that the timing is uncertain.
Ethereum should therefore prepare for the earlier end of that range, according to the Foundation, leaving limited time between the December 2029 target and the earliest threat scenario used for planning.
A December 2029 target against an uncertain 2030 threat
In its Protocol Priorities announcement, the Foundation placed quantum resistance among the work intended to protect all three of Ethereum’s principal layers: execution, consensus and data. The scope matters because the change is not confined to user-facing accounts or a single cryptographic primitive; it reaches the systems responsible for transaction execution, network agreement and data-related functions.
Ethereum is planning against a threat window rather than a fixed forecast. Quantum machines are not yet described in the roadmap as capable of breaking the network’s present cryptography, but the Foundation said such a capability could arrive around 2030 in an early scenario. Its December 2029 objective is therefore designed to put core protocol protections in place before that point, rather than after a quantum capability is demonstrated.
The timetable also makes implementation discipline central to the effort. Protocol changes of this scale must be packaged into network upgrades and coordinated across multiple technical tracks, making the target dependent not only on cryptographic design but on the cadence and sequencing of Ethereum hard forks.
The upgrade sequence starts with I* and J*
According to the Ethereum Foundation’s roadmap, Ethereum’s upgrade sequence begins with I*, a post-quantum public-key registry, followed by J* and minimum viable post-quantum protections. Later stages would cover validator attestations, data availability and execution-layer signatures.
That makes the 2029 objective a staged expansion—from registry and baseline protections into signing and data functions—rather than a single switch-over event.
The 2027 Hegotá upgrade is intended to keep the subsequent post-quantum hard forks on track, but it will not itself make Ethereum quantum-resistant, CoinDesk reported.
A 7.2-month hard-fork cadence tests the deadline
From the planned late-2026 upgrade schedule, reaching full quantum resistance by December 2029 would require Ethereum to average a hard fork about every 7.2 months, the Foundation said. That pace implies that the necessary work cannot proceed as a chain in which each major component waits for the previous one to finish.
To fit the programme into the available upgrade windows, development must proceed in parallel across its linked elements: the public-key registry, minimum viable protections and later changes for validator, data-availability and execution functions.
The target is consequently more demanding than an aspirational security roadmap. A delay in any one fork does not automatically determine the outcome, but the small gap between the end-2029 objective and Ethereum’s earliest cited 2030 risk scenario means there is little schedule margin in the plan described by the Protocol cluster.
Core infrastructure will not complete wallet migration
The cryptographic transition addresses distinct systems already used by Ethereum. The project’s official quantum-resistance roadmap says current accounts rely on ECDSA signatures that are vulnerable to quantum attack, while validators use BLS signatures. The planned protocol work therefore spans both account security and validator-related cryptography.
Even if the core infrastructure is completed around 2029, the roadmap does not treat that milestone as the end of every migration. It says a full ecosystem-wide transition may take longer, leaving wallets and other parts of the broader Ethereum environment with their own migration path beyond the core protocol timeline.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Brent crude futures rose 1.4% to US$99.33 a barrel by 0212 GMT on September 9, 2026, bringing the global benchmark within reach of US$100. Since early August, Brent prices have jumped by a quarter, according to The Business Times.
Fighting in the Middle East is constricting global oil flows and intensifying concern about supply disruption.
That uncertainty is reflected in a sizeable risk premium, as it remains unclear whether the war will be resolved permanently.
Data Snapshot
MetricCurrentPreviousChangePeriodAs ofSourceBrent crude futuresUS$99.33 a barrel—rose 1.4%by 0212 GMT on September 9, 2026September 9, 2026The Business TimesBrent crude$99.30—surged 1.4%early Wednesday, September 9, 2026September 9, 2026Associated PressBrent crude$99.46——overnight on September 9, 2026September 9, 2026Associated PressU.S. West Texas Intermediate crudeUS$94.34 a barrel—up 1.4%by 0212 GMT on September 9, 2026September 9, 2026The Business Times
Brent approaches US$100
Brent’s US$99.33-a-barrel level at 0212 GMT followed a 1.4% advance. In a separate early-Wednesday reading, Associated Press reported Brent at $99.30, also up 1.4%, after it briefly reached an overnight high of $99.46.
Taken together, the figures show Brent nearing the US$100 threshold during the session without reaching it in the 0212 GMT futures reading. They are closely aligned observations from different reporting points, not a single closing price.
The quarter-sized rise since early August gives the latest 1.4% increase a broader context. The available figures establish the scale of Brent’s advance over that period, while the day’s move shows that price pressure remained active into September 9.
U.S. West Texas Intermediate crude was up 1.4% at US$94.34 a barrel by 0212 GMT. WTI and Brent are distinct crude benchmarks, so their quoted levels should not be treated as interchangeable measures even as both recorded the same percentage move at that time.
Middle East fighting constricts oil flows
Increased fighting in the Middle East is constricting global oil flows and raising concerns about supply disruption, Associated Press reported. That reported constraint on flows is the immediate supply backdrop to Brent’s approach toward US$100.
Oil prices can reflect expectations of disruptions as well as oil already removed from the market. In this case, the reported concern is specifically tied to fighting and the resulting risks to the global movement of crude.
War uncertainty sustains the risk premium
The market is pricing in a sizeable risk premium because a permanent resolution to the war remains uncertain, according to The Business Times. That means the premium described in the report is not limited to the immediate effect of fresh fighting on oil flows.
For Brent, the result was a 1.4% rise to US$99.33 a barrel by 0212 GMT on September 9, following a jump of a quarter since early August. Its $99.46 overnight high left the US$100 level as the clear nearby threshold in the session’s trading.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

According to The Block, Robinhood Chain fees hit a single-day record of $6 million on Friday, Sept. 4, 2026, as fees for the prior seven days reached approximately $25 million—up from $1.4 million, or a 17x increase in one week.
The amounts are not like-for-like daily figures: $6 million covers one day, while approximately $25 million covers seven days.
Data Snapshot
MetricCurrentPreviousChangePeriodAs ofSourceRobinhood Chain single-day fees$6 million——single dayFriday, Sept. 4, 2026The BlockRobinhood Chain feesapproximately $25 million$1.4 million17x increase in just one weekprior seven days2026-09-08The BlockTotal DEX volume$12.4 billion—more than double the prior week’s totalthe week2026-09-08The BlockPons feesabout $5.95 million——24 hours2026-09-03CoinDeskPons daily trading volume$544 million——24-hour trading volumeSept. 2, 2026CoinDeskPons DEX volume$1.011b——7d2026-09-09DefiLlama
Weekly fee expansion
The weekly total puts the Sept. 4 record in a broader period of elevated activity on Robinhood Chain. The reported approximately $25 million in fees over the prior seven days contrasts with $1.4 million in the preceding comparison, though the available figures do not provide a day-by-day breakdown of that increase.
The scale of the weekly change also coincided with a rise in decentralized-exchange trading. That activity is relevant to the fee move, but the reported chain-wide measures and the platform-level Pons readings are separate observations with different dates and periods.
30d Launchpad Fees: Pons vs Peers — Source: DefiLlama Research
DEX trading accelerates
Total DEX volume reached $12.4 billion for the week, more than double the prior week’s total, The Block reported. The figure covers total DEX volume for the week rather than trading on any one application.
That distinction matters for Pons, whose own reported volume was measured independently. Pons recorded $544 million in 24-hour trading volume on Sept. 2, 2026, according to CoinDesk, while its dashboard showed $1.011b in 7d DEX volume on Sept. 9, according to DefiLlama.
Pons launchpad activity
Pons is a token launchpad that allows users to create and trade fixed-supply tokens that progress toward liquidity graduation on Robinhood Chain, DefiLlama says. This model supplies a supported explanation for why activity on the application featured prominently during the chain’s expansion.
CoinDesk reported that Pons generated about $5.95 million in fees over 24 hours on Sept. 3, ranking fourth among services tracked by DefiLlama and surpassing Robinhood Chain. That platform-level 24-hour fee reading predates the Sept. 4 chain record and is not a direct measure of the chain’s single-day fee total.
Together, the readings show a $6 million chain-level fee record, $12.4 billion in weekly total DEX volume, and substantial separate volume and fee figures at Pons. The differing observation windows leave the available data short of establishing a direct numerical allocation of Robinhood Chain’s Sept. 4 fees to Pons.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Hyperliquid’s total open interest reached $14.3 billion on Sunday, putting it within 3% of the level recorded before the October 10, 2025 crash, according to The Block. The reading is notable because it nearly restores the platform’s outstanding positions to their pre-wipeout level, while HYPE reached an all-time high of $88, up over 50% this month.
The rebound has also come with a shift in the makeup of positions. HIP-3 open interest set a record of over $4.44 billion in August 2026, while its share of Hyperliquid’s total open interest expanded over the preceding months.
Data Snapshot
MetricCurrentPreviousChangePeriodAs ofSourceHyperliquid total open interest$14.3 billion$14.7 billionwithin 3% of the OI on the day before the infamous 10/10 crashSunday; article published September 8, 2026September 8, 2026The BlockHyperliquid open interest during the October 10, 2025 crash$6.5 billion$14.7 billionfell by around 56% in a single dayOctober 10, 2025October 10, 2025The BlockHIP-3 open interestover $4.44 billion—set a recordAugust 2026August 2026The BlockHYPE price$88—up over 50% this monthAt the time of writingSeptember 8, 2026The BlockHyperliquid gross revenue$202 million$457 millionfell from a peak of $457 million in the third quarter of 2025 to $202 million by the second quarter of 2026Q3 2025 to Q2 2026September 8, 2026The Block
Open interest nears the level before the October 10, 2025 crash
Hyperliquid’s total open interest has reached $14.3 billion, compared with $14.7 billion immediately before the October 10, 2025 sell-off; on that date, it fell by around 56% in a single day, from $14.7 billion to $6.5 billion. Open interest measures the value of outstanding derivatives positions still open at a given point in time, rather than trading fees or quarterly revenue. While the latest reading has substantially narrowed the gap with the level immediately before the crash, the comparison does not establish that activity has returned in the same form because a larger share of open interest is now associated with HIP-3.
HIP-3 accounts for a larger share of positions
HIP-3’s share of Hyperliquid’s total open interest rose from 18% in March 2026 to over 34% by August 2026, The Block reported. Its open interest exceeded $4.44 billion in August 2026, a record for the segment.
That growth means the $14.3 billion aggregate figure reflects more than a simple return to the market mix seen before the October 2025 decline. The supplied data does not break out the specific instruments or traders behind the HIP-3 increase.
The Block article image for Hyperliquid open interest and HYPE reaching an all-time high. — Source: The Block
Base App routing and HYPE buybacks coincide with the new high
Coinbase began routing Base App users to Hyperliquid in mid-August 2026, creating what The Block described as a new retail funnel for the platform. The timing overlaps with the expansion in HIP-3 activity and the latest platform open-interest milestone, though the reported figures do not quantify the contribution from Base App users.
HYPE traded at $88 at the time of writing, an all-time high according to The Block. Hyperliquid’s core crypto perpetuals route close to 97% of the fees they generate into HYPE buybacks, linking the token’s buyback mechanism to fees from that part of the platform.
Gross revenue remains below its Q3 2025 peak
The recovery in outstanding positions and HYPE’s record price sit alongside lower reported gross revenue than at the platform’s 2025 peak. Hyperliquid gross revenue fell from $457 million in the third quarter of 2025 to $202 million by the second quarter of 2026.
The two measures cover different periods and concepts: the $14.3 billion figure is a current open-interest reading, while gross revenue is reported across quarterly periods. Still, the revenue figures show that the near-recovery in open interest has not yet matched the gross-revenue peak recorded in Q3 2025.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Qualcomm on September 8 announced a multi-generational collaboration with Amazon to develop customized silicon for large-scale AI inference data centers, while a filing showed Amazon received a warrant to buy up to 25 million Qualcomm shares. The structure links Amazon’s potential equity position to commercial agreements, orders and purchases that can total up to $60 billion in payments for Qualcomm server-chip products and services.
The collaboration also covers optical connectivity solutions with speeds of up to 1.6 terabits per second, according to Qualcomm’s announcement. The warrant gives Amazon a potential ownership interest in the chipmaker alongside its role as a customer.
Amazon’s warrant can reach 25 million Qualcomm shares
Qualcomm disclosed in an SEC filing that Amazon received a warrant for as many as 25 million Qualcomm shares at $161.26 per share—roughly $4 billion at that price.
Those shares vest in tranches tied to Amazon’s commercial agreements, binding purchase orders and purchases of Qualcomm server-chip products and services. The warrant therefore gives Amazon a right to purchase the shares rather than an immediate acquisition of the full stake, with access to the full number dependent on the specified commercial activity.
Share vesting is tied to $60 billion in Qualcomm commitments
The vesting milestones cover up to $60 billion in payments, according to the filing.
The shares vest in tranches tied to Amazon’s commercial agreements, binding purchase orders and purchases of Qualcomm server-chip products and services.
Qualcomm said 3.75 million shares vested when the warrant was issued, based on initial commitments. Further qualifying activity is required for the remaining potential shares; they do not vest all at once.
Custom AI inference chips and AWS workloads anchor collaboration
The companies are focusing their product work on custom chips for AI inference, Reuters reported. Inference refers to the use of trained AI models to generate outputs, a workload that has become a major focus for data-center operators deploying AI services at scale.
Qualcomm will also expand its use of AWS infrastructure and AI services for chip-design workloads, Reuters reported. That creates a reciprocal commercial element: Amazon is positioned both to buy Qualcomm-related products under the warrant milestones and to provide cloud and AI services used by Qualcomm.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

More than 71% of Bitcoin’s circulating supply was in unrealized profit as of Sept. 8, putting the market close to the 74.7% historical mean cited by Bitfinex analysts as a level associated with bear-to-bull transitions. But the number becomes less decisive on closer inspection: Glassnode’s holder-cohort data for Sept. 6 implied a combined 75.956% of supply was already in profit.
That is not simply a disagreement over a marginal reading. It changes the interpretation of the widely watched threshold. Under one measure, Bitcoin is still approaching the line; under another, it has moved beyond it. The more defensible conclusion is that supply profitability has reached a historically important transition area, rather than that a single percentage has delivered an unqualified cycle verdict.
The remaining test is whether profitable supply can stay profitable as holders sell into price strength. Glassnode’s prior cycle work placed that distinction at the center of the signal: an initial rebound is not the same thing as sustained profitability above the level associated with a genuine bull-market transition.
The 74.7% transition level is already a measurement zone, not a trigger
The Block reported that Bitfinex analysts saw more than 71% of circulating Bitcoin supply in unrealized profit and identified 74.7% as the historical mean. Moves above that mean have typically coincided with transitions from bear to bull markets, according to the report.
Yet Glassnode Studio’s Sept. 6 breakdown showed 64.335% of supply held by long-term holders in profit and 11.621% held by short-term holders in profit. Added together, those cohorts imply approximately 75.956% of supply in profit under that methodology. The arithmetic is straightforward, but the comparison is not necessarily like-for-like: the figures come from different providers and definitions.
That methodological difference is the key constraint on any threshold-based reading. A historical average such as 74.7% can be useful as a reference point, especially when profitability has climbed toward it from lower levels. It is less useful when presented as a precise switch that turns bullish at one reading and remains bearish just below it.
The two measures still point in the same broad direction. Both put a large majority of circulating supply in unrealized profit, a materially different market condition from one in which most holders remain underwater. But they do not establish that Bitcoin has cleared the transition in the same way or at the same time.
Glassnode’s test is sustained profitability above 75%, not the first rebound
Glassnode’s March cycle analysis offers a stricter framework than treating proximity to a historical mean as confirmation. It identified approximately 60% supply in profit as a historical first-bounce level, while arguing that a sustained move above roughly 75% was needed to confirm a genuine bull-market transition.
The distinction matters because a recovery can restore profitability to many coins without changing the market’s larger cycle character. As price rises, coins acquired at lower levels move back into profit. That can improve the aggregate supply-in-profit reading quickly, even if the new profit pool becomes a source of selling rather than the foundation of continued expansion.
Glassnode’s framework therefore makes duration part of the evidence. The question is not merely whether the metric prints around or above 75% on a given day. It is whether Bitcoin can hold that broad profitability state as the holders who have returned to profit decide whether to retain their coins or realize gains.
This also puts the difference between the Bitfinex-linked reading and Glassnode’s cohort calculation in better perspective. The 71%-plus figure and the approximately 75.956% cohort sum can coexist as indicators of the same transition area without requiring a declaration that the cycle has already been settled. One is below the cited historical mean; the other is above Glassnode’s approximate confirmation line. Neither removes the need for persistence.
Short-term holders are realizing profits near $74,000
The obstacle to sustained profitability is visible in the behavior of shorter-duration holders. In its March analysis, Glassnode said short-term-holder realized profit reached $18.4 million per hour near $74,000, indicating meaningful sell pressure into strength.
That figure describes a market mechanism rather than a contradiction in the data. A rising supply-in-profit measure means more holders have an economic incentive to sell at a gain. Some may continue holding, but others can distribute into the same price strength that is lifting the profitability statistic. The metric can therefore improve while the market encounters resistance.
Glassnode explicitly warned that rejection near the relevant profitability levels would reinforce a bear-market recovery narrative. The warning does not mean such a rejection is inevitable. It means the apparent bullish threshold is not a standalone confirmation signal, because the supply that has returned to profit must also be absorbed if price is to sustain the advance.
Short-term-holder activity is especially relevant to that process. These holders are, by definition, a distinct cohort from long-term holders in Glassnode’s supply-profitability breakdown. Their realized gains near $74,000 show that the transition zone is also a point at which supply can come back to market.
Bitcoin: Supply Profitability State chart showing percent supply in profit, statistical bands, Bitcoin price, and historical risk zones. — Source: Glassnode
The $72,000–$82,000 low-accumulation range is the execution test
Price structure gives the profitability debate a practical boundary. Glassnode said Bitcoin had previously cleared a dense on-chain accumulation cluster between $59,000 and $72,000, then entered a relatively thinly accumulated zone from $72,000 to $82,000. It identified that upper range as the likely near-term trading range and resistance area.
The significance of a thinly accumulated zone is not that it dictates an outcome. Rather, it locates where the market must contend with the selling behavior described by the realized-profit data. Bitcoin’s ability to trade through the range would have to coexist with holders taking gains; a failure to do so would fit the caution embedded in Glassnode’s bear-market-recovery scenario.
This is why supply in profit should be read alongside price levels rather than in isolation. A high share of coins in profit can reflect a healthier position than a broad underwater supply base. It can also increase the pool of potential sellers precisely as Bitcoin reaches an area Glassnode characterized as resistance.
The $72,000–$82,000 band consequently serves as an execution test for the broader transition thesis. A percentage threshold describes the distribution of unrealized gains across supply. The range identifies where those gains may be tested in trading.
Institutional cycle framing had still labeled the market an accumulation phase
Coinbase Institutional’s Q2 2026 report provides a separate reminder that supply profitability is designed to distinguish accumulation from expansion, not merely to celebrate a recovery. Its framework plots supply profitability against plus-or-minus one-standard-deviation bands, with the lower band representing an accumulation zone.
The report’s assessment of the first quarter of 2026 still characterized Bitcoin as being in that accumulation zone rather than in a confirmed bull phase. That earlier classification does not conflict with later readings showing profitability near or above transition levels. It underscores how the same metric can change meaning as it moves through a cycle and why a movement out of accumulation requires more than a single observation.
Glassnode’s approximate 60% first-bounce precedent and its roughly 75% sustained-confirmation level describe the same progression in a different form. Early recovery can lift supply profitability out of depressed conditions. A durable bull transition requires the market to preserve the higher profitability regime while facing the distribution incentives that the recovery itself creates.
For now, the relevant evidence is concentrated rather than conclusive: Bitfinex’s cited reading remains above 71% and near its 74.7% historical mean; Glassnode’s cohort sum is about 75.956%; and Glassnode’s earlier analysis placed resistance in the $72,000–$82,000 zone after short-term holders realized $18.4 million per hour in profits near $74,000.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A licence seal is an image file. It resolves to a real register entry or it does not, and the difference takes under two minutes to establish.
This is a narrower question than whether a licence is any good. It is simply whether the thing in the footer corresponds to anything at all.
The Resolve Test, Step by Step
Five steps, and the second one ends a surprising number of enquiries.
Find the number and the operating entity. Scroll past the badge and look for the licence number and the name of the company holding it. Both should be printed in the footer or the terms. A seal with no number and no named entity has already answered your question.
Check the licence number format against the jurisdiction. Every regulator issues in a fixed format. Malta uses the form MGA/CRP/543/2018. Curaçao's reformed regime issues CGA/2025/875/1301 or OGL/2024/1585/0822. Anjouan uses ALSI-202504011-FI1. A footer claiming one jurisdiction while displaying a number in none of its formats has invented it, and no lookup is required to know that.
Open the regulator's own site directly. Type the address yourself. A link supplied by the casino can point anywhere, including to a convincing replica.
Search and read the status. Public register listings record revoked and expired entries alongside active ones, so the presence of a record is not the same as a current licence. Check the licence status field and the expiry date.
Match all three details. The legal entity match must hold: the name in the register must match the company named in the footer and terms. The licence number must match exactly. And the domain you are playing on must appear against that licence, since one company can hold a licence covering some brands and not others.
Step five is where the more sophisticated fakes fail. A genuine licence number belonging to a real operator, displayed by an unrelated website, passes a lazy check and fails this one.
Six Platforms and What They Publish
Ranked on how easily the seal resolves for a reader running the test above.
1. Dexsport
Dexsport publishes an Anjouan licence, and the Anjouan register happens to be the most convenient of the major offshore registers to search.
It accepts a domain search, so you can enter dexsport.io directly without needing the company name first. The result returns the holder's registered name, the licence number, whether the licence is B2C or B2B, and the current status. That covers steps four and five in a single lookup.
Worth quoting the authority's own framing, because it is the right way to read any register result: verification confirms that a licence exists and its current status, and does not constitute an endorsement of the holder's services or business practices.
2. Cloudbet
Operating since 2013 with its company named on a Curacao licence, which is the detail that matters for step five.
A publicly named operating entity makes the three-way match straightforward, and a long trading history under the same name is itself a signal that the entity has not been reshuffled.
3. Stake
A large operator holding market-specific licences in several jurisdictions alongside its offshore position.
Multiple licences complicate the test slightly, since the one governing your access depends on where you are. Check which entity and which licence covers the domain you are actually using.
4. BC.Game
Trading for years under Curacao licensing, with the reform-era transition applying as it does to every operator in that jurisdiction.
Curacao's move to direct licensing means entries now carry named beneficial owners, so a current register record tells you more than an older sublicence ever did.
5. Mega Dice
Telegram-first access with a published licensing position, though documentation across its terms is thinner than at the larger platforms.
Run the full five steps here instead of the abbreviated version.
6. Vave
Multi-coin funding across a conventional catalogue, with a licensing position that requires more effort to pin down than the platforms above.
Where a seal takes real work to resolve, that difficulty is itself part of the answer.
What a Resolving Seal Does Not Tell You
The honest limit, and it is a large one.
A seal that resolves proves a licence exists. It says nothing about the strength of the regime that issued it, and each offshore regime varies enormously in what it demands and what recourse they offer.
Anjouan sits below reformed Curacao and well below Malta or the United Kingdom on segregated player funds, mandatory responsible gambling tools and binding dispute resolution. Dexsport's licence resolves cleanly and is light, and both facts are true simultaneously.
So the resolve test is a filter, not a verdict. It removes operators displaying fiction, which is a real category and the one most likely to take your money outright, and regime strength is the separate question that decides what happens when a legitimate dispute arises.
Two Minutes, Every Platform
Run it before depositing anywhere, including on platforms you have read about favourably.
Fake licence seals have become the fastest-growing category of casino fraud, and they cluster in three shapes:
A seal linking nowhere at all
A seal linking to the regulator's homepage instead of the specific record
A genuine number registered to a different company
All three fail the test above, and they rarely appear alone.
Confirm what is legal where you live, keep stakes within a set budget, and play only if you are of legal age, since KYC or AML checks may apply.
Responsible gambling tooling is mandated under strict regimes and left to operator discretion under lighter ones, which is one more reason the tier matters after the seal resolves.


Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice. Licence formats, register contents and operator positions change, so verify current details with the relevant authority directly. A resolving licence does not guarantee any particular standard of service. Betting carries risk, and rules vary by country, so check the law where you live. Please gamble responsibly, within your means, and only if you are of legal age.

An audit badge in a footer costs nothing to display. An audit report costs money to commission and says specific things that can be read and disagreed with.
The distance between those two is where most of the value sits, and telling them apart takes about four minutes per platform.
The Four-Part Test
Apply these in order, and most badges fail at the second.
Is a firm named? A generic "audited" claim with no auditor attached is not a claim about anything. Real audits are performed by identifiable companies who put their name on the output, and the absence of a name is the first and largest signal.
Does it link to a report? A badge that links to the auditor's homepage, or to nothing at all, is a picture. A badge that opens the actual document is a disclosure. This is where the majority of footer seals stop being useful.
Is there an audit date? A review covers the code as it stood on a specific day. Contracts get upgraded, and a review from eighteen months ago describes a version that may no longer be running. A report without a visible audit date is close to unusable.
Does it state findings by severity? Real reports list issues from informational through to critical, and note what was fixed. A document that says only "passed" has told you nothing about what was examined.
Status, as Far as It Goes
Positions change, so treat this as a starting point to verify, not a conclusion to rely on.
Platform
Named auditor
Notes
Dexsport
CertiK, Pessimistic
Non-custodial; contracts handle settlement
Stake
Check current disclosures
Largely custodial architecture
BC.Game
Check current disclosures
In-house originals, custodial balances
Cloudbet
Check current disclosures
Company named on Curacao licence
Rollbit
Check current disclosures
On-chain elements outside the casino
The "check current disclosures" entries are deliberate. Audit status is a live claim that platforms add, renew and let lapse, and reporting a status I have not personally opened and read would be exactly the behaviour this article argues against. Run the four-part test yourself on any platform you are considering.
Why the Absence Is Not Always a Failing
Here is the part that stops this becoming a scorecard, and it matters.
A smart contract audit is only meaningful where contracts actually hold or move funds. A fully custodial casino running a conventional database has comparatively little for a contract auditor to examine, because the money sits in ordinary accounts and the game logic runs on ordinary servers.
For that kind of platform, the absence of a contract audit is a category difference and not a warning sign. What matters there is licensing, financial controls, and operating history, which is a different set of questions entirely.
The audit question sharpens as a platform moves on-chain. A non-custodial operator whose contracts hold settlement logic has something substantial for an auditor to review, and the absence of a review in that case is a genuine question.
So the correct reading is conditional: judge the audit claim against the architecture it sits on, and how a platform records and settles activity tells you which standard applies.
Dexsport as the Worked Case
Since the test needs applying to something concrete.
Dexsport is non-custodial with settlement written to a public on-chain desk, which places it firmly in the category where a contract audit is meaningful. Its contracts carry reviews from CertiK and Pessimistic, two named firms, which clears the first part of the test immediately.
The remaining three parts are yours to run. Open the reports, check the dates against how recently the platform has shipped changes, and read what was flagged and at what severity. A report you have read is worth considerably more than a report you have been told exists.
Two boundaries worth keeping straight while you do. A contract audit covers code and says nothing about whether the operator pays out, honours terms or handles complaints well.
And Dexsport's licence is a separate credential entirely: Anjouan, lighter than Curacao or Malta, and verifiable through that regulator's own domain-searchable register.
Strong code assurance and light conduct assurance is a coherent position. Conflating the two is the mistake the badge encourages.
Running It Yourself
Four minutes per platform, and it filters out a category of operator that will not survive the first question.
Open the footer and find the auditor's name
Click through to the document itself, not the auditor's homepage
Check the audit date against how recently the platform shipped changes
Read the severity table, since that is where the findings live
If any of those four dead-ends, you have learned something useful about how the platform treats its own claims, and the signs of an operator worth avoiding tend to cluster where the documentary trail thins.
Confirm what is legal where you live, keep stakes within a set budget, and play only if you are of legal age, since KYC or AML checks may apply.
Responsible gambling sits entirely outside audit scope, since immaculately reviewed contracts still run games with a published house edge working steadily in one direction.


Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice. Audit status, scope and dates change over time, and platform disclosures should be verified directly with the issuing firm before being relied upon. Betting carries risk, and rules vary by country, so check the law where you live. Please gamble responsibly, within your means, and only if you are of legal age.

Bitmine owns 4.9% of the total ETH coin supply of 122.0 million
Bitmine is 97% of the way to the 'Alchemy of 5%' in just 15 months
Crypto equities are largest contributor to Russell 1000 quarter to date, representing 4 of the top 21 stocks
Bitmine common stock gain of 99% quarter to date is 4th best of the Russell 1000
ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 5,430bp
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine has 5,067,309 staked ETH, representing $12.6 billion at $2,495 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors
Bitmine owns $91 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total $15.7 billion, including 5.93 million ETH tokens, total cash & marketable securities of $593 million, and other crypto holdings
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
/PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + "moonshots" holdings totaling $15.7 billion.
As of September 7, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 5,929,198 ETH at $2,495 per ETH (per Coinbase NASDAQ: COIN), 211 Bitcoin (BTC), $180 million stake in Beast Industries, $91 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $593 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.0 million ETH).
"Since June 30th, 4 of the top 21 best performing stocks in the Russell 1000 are crypto-related equities. The outperformance is reflective of the fact that Ethereum is the best performing macro asset in Q3 so far. In our view, fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto given this group's outsized contribution to Russell 1000 gains this quarter. Notably, Bitmine's common stock is the 4th best performing with a gain of 99% compared to 3% for the Russell 1000 benchmark," stated Thomas "Tom" Lee, Chairman of Bitmine.
Tom DeMark, founder of DeMark Analytics and a capital markets advisor to Bitmine is expecting ETH to make a sharp upward move in coming weeks. According to Tom DeMark, "In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect, last week's sharp one-day rally was a likely preview of the pending advance."
"As we enter the final month of calendar Q3 2026, ETH is the best performing macro asset during the quarter, outperforming the S&P 500 by 5,430bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL," stated Lee. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."
"We believe there are multiple positive catalysts as we head into the final months of 2026," stated Lee. "These include the upcoming CLARITY Act vote scheduled in mid-September. Additionally, Korean investors have again started buying crypto and rotating away from AI stocks. The 4-year cycle is bottoming within the next few weeks in our view. And this sets the stage for what we expect to be sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and Agentic-AI."
"This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to Bitcoin. These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains," continued Lee.
"Over the past week, we acquired 28,086 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.
On July 16, 2026, Bitmine released the latest Chairman's Message (link here) for July 2026. The title of the Message is "ETH is the cure for the Uncanny Valley of Wealth."
Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN has expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.
As of September 7, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.6 billion at $2,495 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $386 million on an annualized basis (using 2.61% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $330 million. And this 5.1 million ETH is 85% of the 5.93 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.61% (annualized)," continued Lee.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.10 billion (5-day average, as of September 4, 2026), ranking #81 in the US, behind Intuit Inc. (rank #80) and ahead of TJX Companies, Inc. (rank #82) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 840,447 BTC valued at approximately $66 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine management believes the GENIUS Act and the Securities and Exchange Commission's (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries ("Bitmine" or the "Company"), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world's leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company's activities further include investments in early-stage blockchain opportunities ("moonshot" investments) and ancillary mining, hosting, and consulting services.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as "expects," "projects," "intends," "plans," "believes," "anticipates," "estimates," "forecasts," "targets," "goals," "may," "will," "would," "could," "should," "view," "see," or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and statements that the Company is 97% of the way to achieving this goal in 15 months; (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 and the Company's status as the largest ETH treasury in the world; (iii) the Company's staking operations, including projected annualized ETH staking rewards of approximately $386 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners using 2.61% 7-day BMNR yield), currently projected annualized staking revenues of approximately $330 million, and the 7-day yield of 2.61% (annualized); (iv) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) expectations regarding future ETH price performance and market movements, including Tom DeMark's expectation that ETH will make a sharp upward move in coming weeks based on technical analysis and the belief that the August sideways movement implies a renewal of the upside move; (vi) statements regarding ETH's performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 5,430bp, and that this sets the stage for institutions to add to their crypto holdings; (vii) management's belief that multiple positive catalysts exist heading into the final months of 2026, including the upcoming CLARITY Act vote scheduled for mid-September 2026, renewed buying by Korean investors and rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and the expectation of sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and agentic-AI; (viii) statements and expectations regarding the ETH/BTC ratio, including that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains, similar to prior cycles fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025); (ix) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (x) statements that crypto equities are the largest contributor to Russell 1000 quarter to date and that fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto; (xi) statements regarding the Company's investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (xii) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $15.7 billion and ETH holdings representing 4.9% of the total ETH supply.
These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin, and the speculative nature of digital asset investments; the risk that historical ETH price movements, technical analysis indicators, and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company's reliance on third-party pricing sources (including Coinbase) and reported market values in calculating the value of its crypto, cash, marketable securities, and "moonshot" holdings, and the risk that such values fluctuate materially after the date and time referenced in this release; changes in market conditions affecting the trading price and trading volume of the Company's common stock and Series A Preferred Stock, and the risk that the Company's inclusion in the Russell 1000 index does not produce anticipated benefits or that crypto equities' contribution to index performance does not continue; the Company's ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, and achieve its ETH accumulation targets, including the "Alchemy of 5%" goal; the Company's ability to finance its business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks associated with the Company's staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from the projected amounts described in this release, which are based on a 7-day yield and assume ETH is fully staked at scale; competition in the digital asset treasury, staking, and mining industries; the Company's dependence on key personnel, including executive leadership and advisors such as Tom DeMark; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the timing and outcome of the scheduled CLARITY Act vote and the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company's investments in early-stage blockchain opportunities ("moonshot" investments), including the investments in Eightco Holdings (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and general economic conditions affecting investor sentiment toward digital assets, including the behavior of Korean and other international investors; the accuracy of technical analysis predictions and management's expectations regarding ETH price movements, the ETH/BTC ratio, and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles, including whether the four-year cycle bottoms as anticipated and whether institutional participation materializes; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company's assets in digital currencies, particularly Ethereum; and the other risk factors described in the Company's filings with the SEC.
The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management's current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company's Quarterly Reports on Form 10-Q, and the Company's other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC's website at www.sec.gov and on the Company's website at https://Bitminetech.io/investor-relations/. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

China’s exports rose 25% year on year to US$401.44 billion in August 2026, a faster pace than July and a reading that helped push the monthly trade surplus to US$119.09 billion. The customs figures, released on September 8, show that overseas shipments held up despite weather-related disruptions at major ports and broader trade headwinds, according to the South China Morning Post.
Imports also strengthened, rising 28.2% year on year to US$282.36 billion. The server-generated data table below provides the reported August snapshot.
Data Snapshot
MetricCurrentPreviousChangePeriodAs ofSourceChina exportsUS$401.44 billion—25% year on yearAugust 20262026-09-08South China Morning PostChina importsUS$282.36 billion—28.2% year on yearAugust 20262026-09-08South China Morning PostChina trade surplusUS$119.09 billionUS$112.5 billion—August 2026; previous month July 20262026-09-08South China Morning PostChina exports growth in July23.9%——July 20262026-09-08South China Morning Post
Exports gain support from AI demand and seasonal orders
August exports rose 25% year on year, up from 23.9% in July 2026. The readings compare each month with its own year-earlier period, but the August figure nevertheless marks faster year-on-year expansion.
The global AI buildout supported demand for Chinese technology products, including semiconductors and computing hardware, according to the State Council Information Office of China in July.
Seasonal pre-Christmas orders added support to Chinese exports. Separately, the South China Morning Post reported from the customs data that typhoons delayed operations at Shanghai’s two major container ports during August.
Imports outpaced exports while the surplus widened
China imported US$282.36 billion of goods in August, up 28.2% year on year—faster than the 25% increase in exports. The comparison is between growth rates, not the size of the monthly trade balance.
At US$119.09 billion, the August trade surplus was higher than the US$112.5 billion recorded in July 2026. That is a month-to-month comparison of the surplus’s dollar value—not a year-on-year growth rate—and is not directly equivalent to the reported annual percentage changes for imports and exports.
The August surplus reflects exports of US$401.44 billion against imports of US$282.36 billion in the reported customs snapshot. AI-related demand for Chinese semiconductors and computing hardware, together with pre-Christmas ordering, were the identified supports for shipments during a month when typhoons also affected Shanghai port operations.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Two casinos can both advertise provably fair third-party games and mean completely different things by it. One built the system. The other is hosting somebody else's.
That distinction is invisible from the lobby, and it changes four practical things about verification, including who you talk to when a round looks wrong.
Who Owns the Mechanism
Studio ownership comes down to a single question: did the operator write the code that generates outcomes?
House originals put the whole fairness system inside the casino. The operator generates the server seed, publishes the hash, accepts your client seed, increments the nonce and provides the verification tool. Everything sits with one company, and that company can answer any question about it.
A licensed title splits the arrangement. The studio built the game, so the studio owns the seed system, the rotation interface and the verification tool. The casino provides an account, a balance and a place to play. It does not own the mechanism and often cannot explain it in detail.
Both are legitimate. They produce very different experiences the moment you try to verify anything.
Four Things That Change
Each of these surprises players who assume verification is a single, uniform feature.
The tool differs per studio. A player checking Aviator, Plinko and Mines at the same casino is using three separate verification interfaces, built by three different companies, with different layouts and different terminology. There is no unified fairness panel across a licensed lobby, because there is no single system underneath it.
Seed controls sit in different places. Rotation might be under a fairness tab, a settings menu or a game-specific icon depending on the provider. The steps are conceptually identical and the route to them is not, which is why generic instructions frequently do not match what you are looking at.
Casino support may not be able to help. A verification query at a licensed title is a question about somebody else's software. Support can escalate, and they cannot reason about the mechanism the way they could with an in-house game, because it was never theirs.
Disputes route through the studio. If a round genuinely fails verification, the operator is not the party who built it. Resolution runs through the provider, with the casino as an intermediary and not the decision-maker.
Ownership Affects Price Too
Worth noting, because the same split shows up in what a game costs.
House originals typically run at 99%, since the operator sets the edge directly and uses the low figure as a competitive feature. Licensed titles carry whatever the studio configured, and published crypto arcade returns commonly sit between 96% and 98%.
So a casino building its own games tends to offer verification it fully controls and a lower house edge, while a casino licensing everything inherits both from its suppliers. That is one trade, not two, and who supplies a lobby determines both sides of it.
Where This Leaves Dexsport
Worth working through with a platform that sits firmly on one side of the split.
Every game in the Dexsport lobby comes from an outside developer, with no house-built titles anywhere in the catalogue.
The verification interfaces therefore all belong to studios: the fairness tooling for its crash titles comes from the providers who built them, and the same applies across the arcade section holding Plinko, Mines, Tower and Limbo.
Its live content from Evolution, Playtech and Ezugi sits outside the provably fair model altogether, since a physical shuffle produces no seed to commit to and those tables rely on certified equipment and laboratory testing instead.
What the platform contributes itself is a different assurance: on-chain settlement written to a public desk, so a resolved bet leaves a timestamped record independent of the account screen.
That answers a question about payouts, not about outcome generation, and it is genuinely the casino's own instead of inherited.
The honest summary splits three ways:
Fairness verification is the studios' work, inherited
The settlement record is the platform's own contribution
The licence is Anjouan, lighter than Curacao or Malta
Practical Consequence
The practical consequence is small and worth knowing.
Find the tool inside the game, not on a platform-wide fairness page
Read that studio's instructions, since generic guides frequently describe a different interface
Expect the provider to be involved if something genuinely looks wrong
None of that makes licensed verification weaker. The cryptography is the same cryptography, and the mechanism works identically whoever implemented it. What changes is who you are dealing with, and knowing that in advance saves a frustrating support ticket.
Confirm what is legal where you live, keep stakes within a set budget, and play only if you are of legal age, since KYC or AML checks may apply. Responsible gambling is unaffected by who owns the verification system, and a fully verifiable game still returns less than it takes across enough rounds.


Disclaimer: The information here is provided for general purposes only and is not legal, tax, investment, or financial advice. Provably fair implementations, studio rosters and platform catalogues vary and change, so consult the specific game's documentation before relying on any verification process. Betting carries risk, and rules vary by country, so check the law where you live. Please gamble responsibly, within your means, and only if you are of legal age.