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Validators and archive infrastructure remain active, while daily transactions show continued network operation despite K9 Finance’s exit. Explorer indexing remains near 49%, making current activity figures harder to assess during ongoing infrastructure and migration changes. K9 Finance’s move toward Base affects ecosystem participation, but it does not establish that the Layer-2 network has stopped operating. Shibarium remains under scrutiny after K9 Finance began winding down operations, while community member Mazrael disputes claims that the Layer-2 network has stopped functioning amid renewed ecosystem concerns for now. Network Activity Continues Despite K9 Exit BSCN reported that Mazrael rejected claims that Shibarium was no longer functioning. In the post, he said validators and archive infrastructure remain active across the network. He also pointed to thousands of daily transactions, ongoing development and live CCIP connections. https://twitter.com/BSCNews/status/2091752352986656953?s=20 K9 Finance’s departure has renewed questions about the network’s current operating condition and status. However, Mazrael said the departure should not be treated as a network shutdown. He stressed that K9 leaving Shibarium does not mean the network was sunset. The community participant also pointed to continued daily transaction activity across the wider network. Those transactions provide a different picture from claims of complete network inactivity. Activity levels remain lower, yet transactions continue across the Layer-2 network daily. K9’s decision followed the project’s broader strategic withdrawal from its Shibarium operations. The move includes shifting KNINE toward Base, according to the supplied report. That change removes an established project from the network’s existing ecosystem structure and activity. Infrastructure Issues Complicate Activity Tracking ShibariumScan has also faced initialization and indexing problems during infrastructure changes. The supplied data places indexing progress at about 49%. That incomplete process can affect how current activity appears through the public network explorer. Explorer statistics therefore require caution while indexing remains unfinished. Incomplete indexing can make transaction counts and historical figures appear inconsistent during migrations. It can also complicate attempts to measure activity through public network dashboards. Mazrael also referenced ongoing infrastructure migrations as evidence of continuing development work. Those migrations suggest technical changes remain underway across the network’s supporting systems. The report also mentions live CCIP connections involving major blockchain networks. Together, these details provide context beyond K9 Finance’s withdrawal from the ecosystem. They show that infrastructure activity continues even as ecosystem participation changes. However, they do not remove questions surrounding adoption and network activity. Future Activity Remains Key to Network Assessment The current picture combines continued operation with weaker ecosystem participation. Validators and transactions indicate that the underlying network remains operational. K9’s exit, however, represents reduced participation from a visible ecosystem project. The reported transaction figures also show that activity has declined recently. One report cited roughly 1,530 daily transactions, versus 2,310 on August 20. That change points to softer usage, although transactions have not stopped. ShibariumScan’s indexing progress remains another factor for future network activity monitoring. A completed indexing process would provide clearer data for assessing network usage. Reliable explorer data would also improve transparency around reported on-chain transaction activity. For now, available information does not support an outright shutdown claim. Instead, the network remains active while facing ecosystem and infrastructure challenges. Future assessments will depend on activity, validators, development and restored indexing. The post Shibarium Maintains Activity Despite K9 Finance Exit appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Tyler Winklevoss Announces Gemini’s Native XRP Transfers in Singapore
Tyler Winklevoss announced Gemini’s native XRP Ledger transfers for Singapore users, expanding the exchange’s XRP support in Asia. Gemini’s XRP expansion follows its derivatives collateral feature, XRP rewards card and earlier XRPL support for RLUSD. Ripple’s Singapore activity includes BLOOM testing and a tokenized treasury settlement involving JPMorgan, Mastercard and Ondo Finance. Gemini users in Singapore can now deposit and withdraw XRP directly through the XRP Ledger, Tyler Winklevoss said Aug. 25. The Gemini co-founder called the update “big news” for the XRP Army in Asia, adding native XRPL transfers to the exchange’s Singapore services without specifying an announcement time. Singapore Users Gain Native XRPL Access Gemini already lets Singapore customers fund accounts with Singapore dollars and trade over 70 cryptocurrencies. However, the new feature specifically supports XRP deposits and withdrawals through the XRP Ledger network. Singapore also remains central to several Ripple initiatives cited in the update. Ripple joined the Monetary Authority of Singapore’s BLOOM initiative to test RLUSD for cross-border trade. Notably, JPMorgan, Ripple, Mastercard and Ondo Finance completed a cross-border tokenized treasury settlement using the XRP Ledger. The transaction involved a U.S. dollar deposit into Ripple’s Singapore bank account. Meanwhile, the XRP Ledger has announced its 3.3.0 upgrade. The update includes amendments focused on privacy, tokenization and institutional use. Gemini’s Wider XRP Support The Singapore update follows several XRP-related moves from Gemini. In July, the exchange added XRP as cross-collateral for derivatives trading. Users could then use XRP alongside Bitcoin, Ether, USDT and GUSD. Gemini and Ripple also launched an XRP edition of the Gemini Credit Card. The card offered XRP rewards, including up to 4% back on eligible purchases. Those purchases included gas, electric vehicle charging and rideshare spending. Gemini said users who held their XRP rewards for at least one year saw them rise 453%. Winklevoss later joked about giving Ripple CEO Brad Garlinghouse a “whale limit” on the card. Winklevoss also urged the XRP Army to trade XRP perpetual contracts on Gemini in Europe on Nov. 5. In December 2025, Gemini added XRPL deposits and withdrawals for RLUSD. However, Winklevoss once criticized XRP supporters in 2020. In March 2025, he said XRP, Solana and Cardano did not meet his strategic reserve standard. The latest Singapore update adds another XRP-related service to Gemini’s platform. The post Tyler Winklevoss Announces Gemini’s Native XRP Transfers in Singapore appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Arthur Hayes Says Treasury Buybacks Could Fuel Bitcoin Rally
アーサー・ヘイズは、より大きな米国債の買い戻しがドルの流動性を高め、ビットコインの新たな強気相場を後押ししうると述べた。 ヘイズは、国債関連のオペレーションが主要な流動性手段として継続し、債務の圧力が高まるにつれてリスク資産を支える可能性があると見込んでいる。 メイルストロムは、市場のボラティリティが高まることが見込まれているにもかかわらず、ビットコイン、イーサリアム、エターナ、Ether.fiに関して最大のエクスポージャーへ移行した。 アーサー・ヘイズは、米国債の買い戻しが金融市場全体でドルの流動性を高めているため、ビットコインが新たな強気相場に入ったと述べた。最新エッセイ「Same Same But Different(同じだけど違う)」の中で、BitMEXの共同創業者は、財務長官スコット・ベッセントによるより長期の国債買い入れがビットコインを支える可能性があると主張した。さらにヘイズは、メイルストロムが現在BTC、ETH、ENA、ETHFIに対して最大のエクスポージャーを保有しているとも述べた。
Bitcoin ETFs See Strongest Weekly Inflow Since October 2025
U.S. spot Bitcoin ETFs recorded their strongest weekly inflows since October 2025, with nearly $2 billion added last week. Bitcoin ETFs accumulated about 26,000 BTC over 30 days, while Aug. 24 inflows reached roughly $338 million. BlackRock's IBIT led Aug. 24 inflows with $209 million as Bitcoin ETF demand strengthened alongside the market recovery. Bitcoin ETFs posted their strongest weekly inflow since October 2025 as institutional demand returned to the market. Analyst Darkfost said ETFs accumulated about 26,000 BTC over 30 days, while Bloomberg’s Eric Balchunas cited nearly $2 billion last week. On Aug. 24, U.S. spot Bitcoin ETFs added $338 million, led by BlackRock’s IBIT. ETFs Rebuild Bitcoin Demand Darkfost said the latest ETF buying has helped create a clearer source of short-term Bitcoin demand. However, ETFs remain net sellers since January, with holdings down about 92,000 BTC. https://twitter.com/Darkfost_Coc/status/2091994699745685731?s=20 He said several more weeks of similar buying would be needed to recover the amount of Bitcoin held before 2026. The latest daily data showed total spot Bitcoin ETF assets at $79.16 billion. Cumulative net inflows reached $54.50 billion, equivalent to 681,290 BTC. Meanwhile, Aug. 24 brought $337.60 million in net inflows, representing about 4,340 BTC. Daily trading volume across the funds reached $8.23 billion. BlackRock Leads Recent ETF Inflows BlackRock led the latest Bitcoin ETF activity through IBIT, which recorded $209 million in net inflows. The company also led spot Ether ETF flows with $90.92 million. Overall, U.S. spot Ether ETFs attracted $116 million on Aug. 24. Source: Coinglass BlackRock manages about $15.3 trillion in assets, according to the supplied data. Balchunas said Bitcoin ETFs took about $2 billion during the previous week. He described it as their strongest week since October 2025. The weekly inflows coincided with Bitcoin’s move from $64,000 to $77,000. The chart also shows a shift from repeated outflows toward renewed positive flows. ETF Flows Shift After 2025 Weakness The chart shows strong ETF accumulation during late 2024, with individual inflows reaching about $1.35 billion. During 2025, several inflows exceeded $500 million as Bitcoin advanced. However, late 2025 and early 2026 brought more frequent outflows. Source: Coinglass Some red bars approached $800 million to $900 million as Bitcoin also declined. Recent data shows predominantly positive ETF flows alongside Bitcoin’s recovery. The latest figures place daily net inflows above $300 million. Darkfost said the recent buying has improved short-term demand, although the 2026 balance remains negative. The post Bitcoin ETFs See Strongest Weekly Inflow Since October 2025 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Blockchain Association Pushes Clear P2P Limits in Stablecoin Rules
Blockchain Association urged five U.S. agencies to limit stablecoin customer checks to direct relationships with issuers. The group asked regulators to exclude independent peer-to-peer transfers from customer identification requirements. Blockchain Association also supports digital identity tools and clearer definitions to reduce overlapping stablecoin compliance duties. The Blockchain Association asked five U.S. agencies to limit stablecoin customer checks to direct issuer relationships. The group filed comments by the Aug. 21 deadline and summarized its position Aug. 24. It supports the proposal but wants clearer definitions, fewer duplicate checks and flexibility for digital identity technology. https://twitter.com/BlockchainAssn/status/2091986580701397138?s=20 Rules Would Focus on Direct Issuer Customers FinCEN, the OCC, Federal Reserve, FDIC and NCUA proposed the customer identification program in June. The proposal would require permitted payment stablecoin issuers to establish written, risk-based customer identification programs. Issuers would collect names, addresses, birth dates or formation dates, and identification numbers. They would then use documentary or non-documentary methods to verify identities. Records would generally remain for five years after account closure. However, Blockchain Association said requirements should apply when issuers directly issue, redeem, convert, repurchase or custody stablecoins. Group Seeks a Firm Boundary for P2P Transfers The association asked regulators not to extend identification requirements to independent peer-to-peer transfers. It said issuers should not face those requirements without intermediating, facilitating or approving transactions. The proposal generally excludes secondary-market activity from the customer definition. Transfers from self-hosted wallets, exchange trades and vendor payments fall within those examples. Notably, agencies estimated that about 99% of stablecoin transaction activity occurs in secondary markets. Blockchain Association requested clearer definitions for accounts, customers and digital asset service providers. It also asked regulators to avoid overlapping compliance duties. Digital Identity Rules Remain Under Review The association wants issuers to use digital identity tools and interoperable technology. The proposal already permits documentary and non-documentary verification methods. Regulators also asked whether final rules should recognize digital identities and verifiable credentials. Meanwhile, issuers could rely on certain checks from federally regulated financial institutions. That reliance requires a contract, annual certification and reasonable procedures. However, the issuer remains responsible for compliance. The comment period closed Aug. 21, and regulators will review submissions before finalizing the rule. Issuers would receive 12 months after publication to comply. The broader GENIUS Act framework is expected to restrict unlicensed payment stablecoin issuance in the U.S. beginning Jan. 18, 2027. The post Blockchain Association Pushes Clear P2P Limits in Stablecoin Rules appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Arthur Hayes Buys Back ETHFI After Selling at a Loss
Arthur Hayes bought 1.9 million ETHFI tokens for $1.17 million, re-entering four months after selling at a loss. Hayes paid $0.62 per ETHFI after selling 265,461 tokens at $0.44 in April, marking a 41% higher re-entry price. ETHFI gained 25.3% in a week as exchange outflows increased, with the token trading near $0.631 at press time. Arthur Hayes has bought back 1.9 million ETHFI tokens worth $1.17 million, four months after selling part of his position at a loss. Lookonchain reported the purchase about four hours after it settled, showing Hayes paid $0.62 per token. His earlier sale involved 265,461 ETHFI at $0.44 in April. Hayes Re-enters After Selling at $0.44 The latest purchase puts Hayes' new entry about 41% above his April sale price. Lookonchain described the move as another example of selling low and buying higher. ETHFI has gained 25.3% over the past week during a wider crypto market advance. However, the token remains about 93% below its March 2024 record of $8.53. The price action also coincides with changing exchange flows. ETHFI climbed from roughly $0.37 to $0.40 on Aug. 12 before moving above $0.50. The token later accelerated around Aug. 20 and Aug. 21, reaching approximately $0.60 to $0.64. ETHFI Exchange Flows Turn More Volatile Meanwhile, exchange netflows showed larger movements as the price advanced. One major inflow reached about $65,000 on Aug. 21. That movement placed more ETHFI onto spot exchanges, where tokens can become available for trading. Source: Coinglass However, the largest recorded move came on Aug. 22. Netflow fell to approximately negative $630,000, marking a substantial ETHFI outflow from exchanges. Further outflows followed on Aug. 23, including one near $450,000. At press time, ETHFI traded near $0.631, up 11.1% over 24 hours. Its market capitalization stood at $649.7 million, ranking 92nd. Hayes’ Trading Record Includes Other ETHFI Losses The latest purchase follows losses recorded across wallets linked to Hayes. A review of three attributed wallets found $2.47 million in losses across 124 trades. Those trades covered December 2023 through August 2026. ETHFI accounted for $474,000 of the recorded losses during that period. Meanwhile, Ethena's ENA was the only profitable position among the reviewed trades. That position generated a reported $3.23 million gain. Hayes' current ETHFI position sits near $0.62, while recent prices remain slightly above that entry. Key support levels include $0.60, $0.55 and $0.50. Resistance remains near $0.64 to $0.65, while $0.70 represents the next level identified in the supplied market data. The post Arthur Hayes Buys Back ETHFI After Selling at a Loss appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Eric Trump Denies New Trump Token Rumor, Calls It Fraud
Eric Trump denied claims that the Trump family was launching a new cryptocurrency called Truth Coin, calling the reports fraudulent. The rumor followed activity around a WWW token on Robinhood Chain, which traders linked to the alleged Truth Coin launch. Trump-linked tokens rose as the rumor spread, with TRUMP gaining 40% and MELANIA increasing 11%, according to the supplied data. Eric Trump denied claims on X on August 22 that the Trump family planned a new cryptocurrency called Truth Coin. The claim spread after traders noticed a new WWW token and wallet activity on Robinhood Chain. Eric said no one was launching a coin and called claims otherwise a fraud. Rumor Spreads Around A New WWW Token The rumor gained ground after WhaleScan posted on X that Donald Trump was preparing another coin. The account claimed it would be first to report the launch, as with Trump’s previous coin. Attention then shifted to a WWW token on Robinhood Chain. StarPlatinum_ linked the token to “Truth Coin” in a post shared on X. The reported token had a planned supply of 1 billion coins, with 500 million available at launch. About 300 million tokens were planned for liquidity, while 200 million were reserved for project growth. The developer wallet later reportedly received 300 ETH. Meanwhile, its trading fee changed from 10% to 0.3%, according to the provided information. Eric Trump Rejects The Token Claims Eric Trump responded on X, calling the claim “absolutely not true.” He said no one was launching any kind of coin and warned that contrary claims were fraudulent. His response followed reports that Trump-linked tokens gained as the rumor circulated. TRUMP rose 40%, while MELANIA gained 11% in one day, according to the provided market data. The WWW token also reportedly reached about $10.24 million in market value. However, the developer wallet was said to hold 99.9% of the supply. The rumor surfaced alongside the Trump family’s cryptocurrency involvement. Eric Trump has been affiliated with World Liberty Financial, a decentralized finance project launched in 2024. The family has also been linked to American Bitcoin. Meanwhile, TRUMP and MELANIA remain Trump-related meme coins. Neither World Liberty Financial nor American Bitcoin was implicated in the new token claim. Trump Media & Technology Group, which owns Truth Social, has explored crypto and prediction market plans. However, the company now appears more focused on Bitcoin than issuing a new token. The post Eric Trump Denies New Trump Token Rumor, Calls It Fraud appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Zcash Hits Eight-Year High After Grayscale ZEC ETF Filing News
ZEC reached $865, its highest level since January 2018, after gaining roughly 3.4 times from its June low near $250. Grayscale’s filing to convert its Zcash Trust into a U.S. spot ETF accelerated the rally above $800. ZEC mentions reached 138 on August 21, far below June’s 1,116 peak despite the token’s rapid price increase. Zcash has reached its highest price in eight years after ZEC surged 47% to $865. The rally followed Grayscale’s filing to convert its Zcash Trust into a U.S. spot ZEC ETF. However, Santiment Intelligence reported that social activity remained far below June levels despite ZEC gaining fast from its recent low. https://twitter.com/SantimentData/status/2091188685693726880?s=20 ZEC Reaches Highest Price Since 2018 ZEC reached $865, a level last seen in January 2018. The token has now gained about 3.4 times from its June low near $250. ZEC traded around $362 on June 6 before rising to roughly $796 by August 21. That represented a gain of about 120%, with most of the move occurring within four days. ZEC climbed from approximately $509 on August 18 to $733 on August 21. The rally later pushed above $800, with the provided chart showing a latest close of $809.90. The chart recorded a high of $813.60 and an opening price of $802.29. Volume also expanded sharply as ZEC moved through $600, $650, $700 and $750. Grayscale Filing Adds To ZEC Price Move The Block reported that ZEC’s rally accelerated after Grayscale filed to convert its Zcash Trust. The filing would create the first U.S. spot ZEC ETF. Before the breakout, ZEC spent much of late July and mid-August between roughly $460 and $520. Price then broke above $550 around August 19. The June decline followed an AI discovery of a critical counterfeiting vulnerability. The vulnerability had remained active for four years, according to the provided information. Source: TradingView ZEC remains about 73% below its all-time high of $3,191. Meanwhile, the chart shows RSI at 71.07, above the traditional 70 level. Social Activity Remains Well Below June Santiment recorded 1,116 ZEC mentions on June 5, one day before the token reached its June bottom. On August 21, mentions reached only 138. That August figure represented roughly one-eighth of the June total. Santiment noted that social activity had returned near May levels despite the higher price. The chart also showed a MACD line of 72.37 against a 67.21 signal line. Its histogram stood at 5.16, while key levels included $800, $750, $700 and $650. The post Zcash Hits Eight-Year High After Grayscale ZEC ETF Filing News appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Base Founder Jesse Pollak Defends Coinbase’s ETH Holdings
Jesse Pollak defended Coinbase's ETH holdings, saying the exchange remains the largest non-DAT ETH holder by a wide margin. Pollak highlighted Coinbase's contributions to Ethereum through Base, EIP-4844, ERC-4337, USDC, cbBTC, and x402. Ethereum community members debated Coinbase's ETH sales while Pollak urged users to recognize its broader role in the ecosystem. Base creator Jesse Pollak pushed back against claims that Coinbase is selling ETH. He said the exchange remains the largest non-DAT ETH holder by an order of magnitude. His comments followed criticism from Ethereum community members over Coinbase’s ETH sales and its reported preference for holding Bitcoin. Coinbase's Ethereum Role Pollak said Coinbase has held about 150,000 ETH through multiple market cycles. Separate figures place its corporate ETH holdings between 115,000 and 151,000 ETH, worth roughly $300 million. He also pointed to Coinbase’s wider role across Ethereum. The exchange operates Base, one of Ethereum’s layer-2 networks, which launched in 2023. Base uses ETH for transaction fees and generates ETH through its sequencer. Coinbase operates the sequencer, which orders and processes transactions on the network. However, critics have questioned why Coinbase would sell ETH generated through Base operations. Some community members also cited the company’s reported focus on accumulating Bitcoin. Pollak argued that the criticism overlooks Coinbase’s broader contributions to Ethereum. He pointed to its work on EIP-4844, ERC-4337 smart wallets, USDC, cbBTC, and x402. Ethereum Community Debates Coinbase's Contribution Ethereum Foundation member chaskin.eth also said criticism of Coinbase was misplaced. He cited Base, USDC, cbBTC, EIP-4844, ERC-4337, and x402 as examples of Coinbase’s contributions. Pollak additionally described Coinbase as one of Ethereum’s biggest customers through Base. He said the company has also contributed significantly to EVM and Ethereum development. Base has attracted DeFi and consumer applications while processing transactions through Ethereum. The network also reached Stage 1 decentralization, according to the supplied information. Meanwhile, Coinbase’s position as a publicly traded U.S. exchange keeps its corporate treasury activity visible through regulatory filings. Its corporate ETH holdings remain separate from customer assets held through its custody operations. Pollak urged the Ethereum community to stop moralizing customers who use the network. He said attacking users and participants could alienate them from the Ethereum ecosystem. The post Base Founder Jesse Pollak Defends Coinbase’s ETH Holdings appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.