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Nvidia (NVDA) jumped 8.74% on August 27 after a record quarter. Fundstrat’s Tom Lee says the chipmaker almost never rises on good earnings.
Lee calls the reaction proof that the market is healthy. However, the gains only lasted one day, and Nvidia fell 4.57% on Friday to $217.55.
Nvidia Stock (NVDA) Price Performance Friday. Source: Yahoo Finance A Pattern Nvidia Rarely Breaks
Nvidia has beaten Wall Street estimates for years. The stock still fell after each of its last four reports. It went into this one cold, and shares slid seven sessions in a row from August 14 to August 24, dropping from $225.30 to $208.48.
Then the numbers landed, and Nvidia’s post-earnings reversal carried the stock to $227.98, adding roughly $440 billion in market value in one day.
The quarter was not close. Revenue hit $96.2 billion, up 106% from a year ago. Nvidia guided the current quarter to $108 billion.
Why the Rest of the AI Trade Lagged
Lee thinks it was a funding problem. Investors who owned too little Nvidia had to sell something else to buy it.
Software went the other way, with Salesforce climbing 22.58% on its own results, and effectively becoming one of several stocks that outgained Nvidia that day.
Lee also pointed at the price-to-earnings (PE) ratio. Nvidia trades at 27.5 times past earnings, but only 18 times expected earnings. Estimates are climbing faster than the stock.
“The thing that stands out is Nvidia’s multiple is still very low. So, they’ve got these huge revisions. The stock hasn’t kept up. Now the PE keeps contracting,” Tom Lee, Fundstrat managing partner and head of research, speaking on CNBC.
However, not everyone is convinced. Jay Goldberg of Seaport Research Partners holds the only sell rating on the stock. He argues the sold-out supply constraint caps the upside, because Nvidia cannot ship chips it has already promised.
Lee flagged one more risk. Opposition to new data centers is turning into an election issue, and some Republican governors now back a pause.
The snowballing opposition to data centers in communities across the U.S. has transformed the midterm election landscape, thrown a wrench into the plans of the world's richest companies and brought perhaps the industry's biggest booster, President Trump, to its defense.…
— PBS News (@NewsHour) August 28, 2026
The pattern broke on Thursday. By Friday it had closed again, with about $250 billion of the gain gone.

Reform UK has stripped crypto firms from its conference sponsor list. The move lands days after British police revealed a $1.4 million Bitcoin forfeiture.
Nigel Farage’s party is selling diplomats and manufacturers instead.
Reform UK Cuts Crypto Sponsors Before Birmingham
Reform UK’s annual conference opens in Birmingham next week. Last year the digital payments firm Zebec headlined as a key backer. This year no crypto company appears on the sponsor list.
Perks have gone too, with free tickets and access to senior figures also cut, Bloomberg reported, citing people familiar with the arrangements.
Reform UK is highlighting its diplomatic clout and de-emphasizing support from crypto companies as Nigel Farage’s populist party seeks to show that it’s ready to lead Britain https://t.co/9Fdy9xauxH
— Bloomberg (@business) August 29, 2026
It comes as a parliamentary probe is examining whether Farage should have declared £5 million from Christopher Harborne, a Thailand-based crypto investor. Farage’s crypto lobbying has drawn separate scrutiny this year.
Diplomats and Manufacturers Take the Stage Instead
Farage’s populist party holds just eight of 650 Commons seats, yet polls place it in contention for 2029.
Honorary treasurer Nick Candy is promoting foreign guests. Envoys from India, Italy, Poland, the UAE and the US are expected, alongside French National Rally leader Jordan Bardella.
“The scale and breadth of the diplomatic presence at the conference next week is a clear indication of how seriously Reform is being taken internationally,” Nick Candy, Reform UK honorary treasurer, speaking to Bloomberg.
However, not everyone is convinced. Renewable energy executives remain reluctant to appear, according to a City of London public relations executive. They fear legitimizing the party.
On its first business day, it sold more than 600 tickets, drawing JCB, TikTok and Heathrow.
So is Reform done with crypto? Not on paper. It has announced no policy changes regarding digital assets, and the retreat focuses on sponsors and perks rather than positions.
Birmingham will show a party managing its image while an investigation runs, not one abandoning crypto.
Police Traced 20.21 Bitcoin Back to 2016
Elsewhere but still in the UK, Avon and Somerset Police recovered 20.21 BTC, other crypto and money in a bank account, worth £1,032,487.86.
Investigators tied the funds to darknet marketplaces that ran from 2016 to 2019. These were hidden shopping sites, reachable only through anonymizing software, that sold drugs and facilitated human trafficking.
LATEST: 🇬🇧 UK police seized over $1.4M in Bitcoin, other crypto and cash from a deceased convicted money launderer, tracing the funds to darknet markets from 2016–2019. pic.twitter.com/2dvHhFlZ7b
— CoinMarketCap (@CoinMarketCap) August 28, 2026
A blockchain keeps every transaction on a permanent public record, so coins moved in 2016 still leave a trail.
The owner had died before the forfeiture was completed. Under the Proceeds of Crime Act, however, the case runs against the property, not the person.
It is the force’s largest crypto recovery since Britain introduced wallet freezing orders in April 2024. Bigger hauls exist, including a £114 million Bitcoin seizure.
Recovered funds go back into community and policing programs.

Spot XRP ETFs pulled in $110.49 million in net inflows for the week ending August 28, their strongest weekly haul of 2026 by a wide margin.
That surge pushed cumulative net inflows to $1.66 billion, with total net assets climbing to $1.44 billion across all funds.
XRP ETFs Post Their Biggest Weekly Inflow of 2026. Source: SoSoValue XRP ETFs Smash Their Weekly Inflow Record This Year
Most of 2026 told a quieter story. Negative weeks hit in late January, mid-March, and briefly in July, followed by a near-dead stretch of inflows through early August, right before this week’s breakout.
The $110.49 million pulled in this week is the year’s best, though it still trails the all-time high of $243.95 million set during the week in late November 2025.
Measured against 2026 alone, this week more than doubled the previous top mark, a $60.5 million week back in mid-May, according to SoSoValue data. Trading activity spiked alongside it, with $363.03 million changing hands, the busiest week since these funds launched.
While XRP ETFs posted a $26.20 million net inflow that day, Bitcoin funds saw $201.81 million in net outflows, and Ethereum funds saw $102.18 million in net outflows, highlighting XRP’s steadier institutional demand even as Bitcoin faced heavy selling pressure.
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Spot ETF Flows — August 28, 2026. Source: X/@CryptoPatel XRP Price Pulled Back From $1.70 Resistance
The inflow surge did not track XRP’s own price this week. The token traded near $1.38 as of August 29, according to CoinGecko data, down 2.3% over 24 hours and 7.8% over the past week, after briefly testing resistance near $1.70 earlier in the period before pulling back sharply.
That divergence stands out. Institutional inflows accelerated even as the token itself corrected lower, suggesting funds may be accumulating into weakness rather than simply chasing price strength.
XRP Price Performance. Source: CoinGecko
Total net assets across the ETF group nearly tripled in a single week, jumping from roughly $933 million to $1.44 billion, reflecting the surge in fresh capital despite the price pullback.
Whether this pace of inflows continues remains an open question. The ETFs already showed this year that strong weeks can be followed by long stretches of muted demand, and XRP itself remains in a clear corrective phase after its sharp run toward $1.66, now trading roughly 8% below that level.
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Three altcoins to watch this weekend share the same setup. Lighter (LIT), Zcash (ZEC), and Rain (RAIN) have each broken above multi-month highs and tagged their first Fibonacci extension target.
Each chart now asks the same question. The broken highs have flipped into support, while the 1.618 Fibonacci extension sits overhead as the next objective into the weekend.
AltcoinCurrent PriceNext ResistanceTarget if ClearedSupport if Price FallsLighter (LIT)~$3.39$3.79$3.98$3.30, then $2.76Zcash (ZEC)~$807$903$1,099$749.65, then $628.63Rain (RAIN)~$0.01766$0.01948$0.02214$0.01624, then $0.01420
3 Altcoins to Watch This Weekend Lighter Extends Its Breakout Toward $3.98
Lighter trades near $3.46 with a market capitalization of $865 million. The token has gained about 25% over the past week and roughly 57% over the past month.
The daily chart shows a clean breakout on Aug. 21 above $2.76, a level LIT had not traded through since January. That move followed a July tokenomics overhaul that introduced permanent supply reduction.
Price then cleared the 1.272 Fibonacci extension at $3.30 and now works toward the 1.618 extension at $3.98. That target sits about 15% above spot.
LIT daily chart. Source: TradingView
On a pullback, the broken $2.76 level becomes the first support. An ascending trendline drawn from the mid-May low is converging with the same price level, strengthening the zone.
Below it, the long-term 0.618 retracement at $2.00 remains the deeper floor.
Volume expanded higher on each leg, including the August advance that followed the first revenue-funded burn. RSI has cooled from an overbought reading near 85 to just under 70 without printing a bearish divergence.
Zcash Stalls Under $900
Zcash trades near $806 with a $13.6 billion market cap. ZEC has climbed roughly 75% in 30 days, extending a rally that began earlier this year.
The privacy coin broke above $749.65 and pushed into the 1.272 extension at $903.47 before sellers stepped in. Price has since settled back near $800, holding well above the breakout level.
The 1.618 extension at $1,099.14 marks the next upside objective, roughly 37% above current prices. ZEC still trades far below its record of $3,191.93, set in October 2016.
ZEC daily chart. Source: TradingView
Support is stacked. The old $749.65 high sits first, followed by the 0.786 retracement at $628.63, which currently aligns with the 20-day moving average.
Bollinger Bands have expanded sharply, indicating a period of volatility rather than a range. Volume ticked higher on the breakout leg, and RSI holds near 70 with no bearish divergence. A newly listed Grayscale product tracking ZEC provides a fundamental backdrop for the move.
Rain Prints a Record High With Volume Behind It
Rain trades near $0.01763 with a $12.35 billion market cap. Market data places its record high at $0.019464, reached on Aug. 25.
The RAIN chart offers the cleanest structure of the three altcoins discussed here. Price built a tight accumulation base through early and mid-August, roughly between $0.0121 and $0.0130.
That base formed directly on the 0.618 retracement at $0.01259, and volume rose steadily inside the range before any breakout occurred. Accumulation therefore preceded the move rather than chasing it.
RAIN daily chart. Source: TradingView
The Aug. 26 candle cleared $0.01624 and wicked into the 1.272 extension at $0.01884. The 1.618 extension at $0.02214 now stands about 27% higher.
Support levels sit at the broken $0.01624 high, then $0.01420, then the accumulation shelf at $0.01259. RSI trades above 70 with no bearish divergence, which suggests momentum remains intact.
One structural risk deserves attention. Circulating supply stands near 709 billion tokens against a maximum of 1.15 trillion, so further unlocks could weigh on price.

Helium (HNT) jumped almost 100% on Saturday. Behind the surge is a Texas town that stopped waiting for cell towers and switched on Wi-Fi it already owned.
Celina sits north of Dallas. It added 12,710 residents in a year and grew 24.6%, the fastest of any US city with more than 20,000 residents.
How Helium Turned Wi-Fi Into Cell Service
Helium announced the deployment on Friday. It covers the Celina Public Library, the Ralph O’Dell Senior Center, and some downtown shops.
The city built nothing new, since it already had Wi-Fi. Helium added a layer that lets phones treat those hotspots as cell coverage.
Phones sign in using credentials already stored on the SIM card. No app or password. Most people never notice the handoff.
The idea is not new either. AT&T signed on to the same Helium system in April 2025. That deal is what makes the automatic connection work.
“Helium let us turn Wi-Fi we already own into coverage our residents’ phones use automatically, without spending a dollar on new towers,” said Amy Alexander, director of information technology for the City of Celina.
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Why Helium Jumped Nearly 100%
The news broke Friday, yet HNT ran overnight and added roughly $37 million in market value. Those Celina sites carry about 100 GB a day. That is one library, one senior center, and a few shops.
Celina, TX grew 25% in 1 year. You can’t build cell towers fast enough to keep up with that kind of growth.Celina turned its own city-wide Wi-Fi networks into carrier coverage on the Helium Network.100 GB/day, automatic on residents’ phones. No towers necessary. pic.twitter.com/hH70a8CZbk
— Helium🎈 (@helium) August 28, 2026
So traders bought the idea, not the income. HNT gained 97.4% over 30 days, and almost all of it arrived in the final 24 hours.
Turnover says the same thing because close to $44 million changed hands in a day, more than half the token’s $79 million market value.
Helium (HNT) Price Performance. Source: Coingecko
However, with HNT trading near $0.42, it remains down 85.6% over 12 months and far below its 2021 Helium price peak of $54.88.

SpaceX bought Cursor on August 14, and two weeks later, OpenAI is moving to cut the AI coding tool off from its models. Access ends on November 12.
Cursor is one of the most widely used coding assistants among software developers. A $60 billion all-stock deal put it inside Elon Musk’s empire. OpenAI decided that was reason enough to leave.
Why OpenAI Walked Away
OpenAI never said Cursor did anything wrong. Rather, it used a change-of-control clause, meaning a contract term letting one side exit after the other is sold.
We’re ending our partnership with Cursor following its acquisition by SpaceX. Under our proposal, Cursor’s direct access to our models would end on November 12.We know that the people most affected by this decision are the developers who rely on OpenAI models in Cursor. We care…
— OpenAI (@OpenAI) August 29, 2026
The reason it gave is trust, saying that it cannot be sure SpaceX will follow its rules. Specifically, they pointed to two events.
X (Twitter), the platform Musk bought in 2022 and later folded into SpaceX, broke an earlier OpenAI contract.
In a California courtroom on April 30, a lawyer asked Musk whether xAI had distilled OpenAI models to train Grok.
Distilling means prompting a rival model over and over to copy what it knows. Musk first said every AI company does it. Pressed again, he conceded that xAI partly had.
He was testifying in his own lawsuit against OpenAI, and a jury dismissed Musk’s case three weeks later for being filed too late.
OpenAI added one more condition. Astra, its next flagship model, will never ship through Cursor.
Cursor Says the Hit Is Small
Michael Truell, a Cursor co-founder now working for SpaceX, put the damage at roughly 5% of user traffic. Talks with OpenAI are still open.
“Cursor was one of the very first users of OpenAI, we’ve worked closely with their team for years, and we’ve trusted their platform to be neutral infrastructure for our business,” Truell expressed.
Elon Musk is likely not to negotiate. In his initial response, he said he “couldn’t care less” and called Altman and OpenAI president Greg Brockman untrustworthy.
I couldn’t care less. Scam Altman and Greg Stockman are utterly untrustworthy assholes who stole an open source nonprofit.
— Elon Musk (@elonmusk) August 29, 2026
Anthropic went the other way. Co-founder Tom Brown said it will add compute so Claude runs better inside Cursor.
“Cursor has been a trusted partner of Anthropic since Sonnet 3.5. We’ll continue to increase compute to support Claude models in Cursor and are excited for what comes next with them at SpaceX,” Brown shared in an early Saturday post.
OpenAI is not defending revenue worth 5% of one customer. It is refusing to sell to Musk at all. Developers have until November 12 to pick a new supplier, and Cursor already routes to SpaceXAI’s Grok models, Claude and Gemini.

More than $64 million poured into the Blokyz NFT sale in 24 hours. But the company had to refund most of this money, keeping less than $600,000.
Blokyz is a Web3 collectibles company that has made physical resin figures for brands including CoinGecko, Arbitrum, and KuCoin. Its latest project was much larger: a collection of 10,000 Original Blokyz NFTs on Ethereum.
How $64 Million Chased 7,500 NFTs
Blokyz reserved 7,500 NFTs for a public raffle at 0.03 ETH each, roughly $75 at the time. Anyone could enter; there was no limit on entries per wallet, and every unsuccessful entry would receive its 0.03 ETH back.
Less than 100 Blokyz left to claimOver 63 Million USD Refunded pic.twitter.com/Uzg5y95J38
— Blokyz (@OriginalBlokyz) August 29, 2026
The raffle stayed open for 24-hours throughout that period, even though there were already enough entries to fill every available spot. Buying more tickets meant locking up more ETH temporarily, rather than losing the full entry price each time the raffle failed.
By the close, 22,443 wallets had submitted 853,964 entries, committing 25,618.92 ETH worth $64.4 million. That worked out to roughly 114 entries chasing each available NFT.
But only 7,500 winning entries could actually settle. At 0.03 ETH each, Blokyz could keep just 225 ETH, or about $566,000.
So, initially it looked like Blokyz made a new NFT sale record with $64 million. Surprising for a time when NFTs are supposed to be dead. But it turns out, most of this money was temporarily queued for refund.
Was It a Record? Nobody Can Say
By money earned, it is not close. Yuga Labs, the studio behind Bored Ape Yacht Club, made roughly $410 million from its mints. Blokyz did not earn enough to appear on that list at all.
Lifetime NFT Earnings, Mint Revenue Plus Royalties. Source: DefiLlama, OpenSea, Etherscan
By money queued, it might be a genuine record. Nobody tracks that, though. Public rankings measure what a project keeps, not what passed through its hands.
The most striking thing about this sale is the one thing nobody can check. Something real did happen, as the figures now trade at about five times what they cost, so most winners chose to keep them.
Original Blokyz Floor Price Chart. Source: CoinStats
Meanwhile, scale still argues for caution because the wider NFT market is worth around $2 billion, while Bitcoin (BTC) alone is worth $1.6 trillion. A hot weekend for collectibles is not a sign of a returning bull market.
I thought @OriginalBlokyz will be the next bluechip NFT.I guess not.$64M fundraise just to get couple hundred dollars is what were seeing.I guess NFT is not back.it's just another pump and dump happening here https://t.co/bvFACNEdVw pic.twitter.com/q4JcN3XLuO
— Gomtu (@gomtu_xyz) August 29, 2026
The real test starts now that 22,000 people just got their money back. Will they really spend it on the same thing again?

Trump Digital Gold (GOLD) lost 98% of its value within hours of launching on Solana (SOL) Saturday. A verified merchandise account that Donald Trump follows promoted the token.
The token peaked above $50 million in market value early in the day. It now sits near $770,000, according to DexScreener. Blockchain analytics firm Lookonchain says wallets tied to the team sold first.
Trump Digital Gold (GOLD) Price Performance. Source: DexScreener How the Trump Digital Gold Launch Unraveled
The promoting account, @realtrumpcoins1, holds a verification badge and 42,300 followers. Its bio calls it an official partner of the Trump Organization. Trump follows it. That signal alone gave the pitch weight.
Lookonchain, a firm that tracks wallet activity on public blockchains, flagged the supply structure early. The developer held 600 million GOLD, while 15 new wallets spent $18,657 on another 224.5 million.
realtrumpcoins(@realtrumpcoins1), which is followed by @realDonaldTrump, has launched a token called $GOLD.Notably, the developer holds 600M $GOLD, and 15 newly created wallets spent $18,657 to buy 224.5M $GOLD.The team currently controls 82.45% of the total supply.Be… pic.twitter.com/7ZU8bfndzk
— Lookonchain (@lookonchain) August 29, 2026
Those addresses together held 82.45% of supply. Half an hour later, the same 15 wallets sold everything for 3,178 SOL, worth about $330,000. Their profit neared $312,000.
Late buyers absorbed that selling, echoing similar retail losses before.
Two Different Domains Tell the Story
The now-deleted promotion named one destination.
“Introducing Trump Digital GOLD! It’s time to redefine what DIGITAL GOLD means… GET YOUR $GOLD NOW: realtrumpcoins.com,” read the since deleted post.
The account’s bio points elsewhere, to trumpcoins.com. That store sells medallions and works normally. BeInCrypto found no crypto products on it.
Realtrumpcoins.com is a separate lookalike domain. It still shows the contract address and calls the token the Trump Foundation’s most ambitious crypto project.
Researcher Rune noted its registration record changed the same day, while its checkout stopped working.
– store doesnt work– whois stuff all changed up just today– insiders buying the launch with Axiom (yea seems like a trump team to do)– 4% taxesi might not have made traded it, but this launch is genuinely such rug vibes i cant fathom how it even got this high pic.twitter.com/RM5xeYVCac
— ManaMoon (@ManaMoonNFT) August 29, 2026
Nobody in the Trump family announced GOLD. Eric Trump had already denied new coin rumors a week earlier, on August 22.
“What a joke… This is absolutely not true. No one is launching any kind of coin. If anyone is suggesting otherwise, it’s a fraud,” he wrote in a power.
Lookonchain later confirmed the account wiped those posts. Compromised political accounts have pushed fake Solana tokens before. Those 15 wallets exited into Solana’s native token, which trades near $104.

Treasury Secretary Scott Bessent tells Senator Elizabeth Warren that the United States never lent Japan a cent. It bought yen instead. Accordingly, Japan owes nothing, so nothing can go unpaid.
Warren had warned that taxpayers would eat the loss if Japan failed to repay. Treasury’s own monthly filings back Bessent on how the yen intervention worked. They also weaken her wider case.
The Fund Can Only Hold Euros and Yen
The Exchange Stabilization Fund is a Treasury reserve the secretary can tap without a new vote in Congress. Its foreign cash comes in just two currencies.
On June 30, the fund held $14.19 billion in euros and $2.57 billion in yen. So selling euros for yen was the only trade on the menu.
A loan creates a debt, bun asset swap does not. The fund simply owns more yen than it did in July.
“Japan owes Treasury nothing. There is therefore no risk that Japan will fail to repay a debt that does not exist,” Bessent wrote in the letter.
The real risk is price, not default, as the yen traded at 160.17 per dollar as of this writing, weaker than the 157.4 the rescue delivered. This means most of the gain has drained away.
USD/JPY Price Performance. Source: TradingView Japan Published Its Yen Intervention Total, America Did Not
Japan published its total on Friday, showing that its operations reached 15.4 trillion yen, roughly $97 billion, between July 30 and August 26.
Warren’s deadline was August 28, and Bessent met this ultimatum, but named no number.
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial… pic.twitter.com/0mmp2tapqJ
— Treasury Secretary Scott Bessent (@SecScottBessent) August 28, 2026
A leaked notepad indicated $5 billion to $10 billion, a figure the Treasury has never confirmed.
Photo of Treasury Secretary Scott Bessent’s notepad at Camp David. Source: Reuters
For scale, the last US yen purchase came in June 1998. Fed records put it at $833 million, split evenly between the Fed and the Treasury fund.
Notably, however, Senator Warren’s Argentina comparison is shaky, as Treasury filings show Buenos Aires drew $2.5 billion of the $20 billion line and repaid every dollar by December 2025.
“Argentina has both quickly and fully repaid its limited draw on the swap facility with the United States, such that the Exchange Stabilization Fund currently does not hold any pesos,” Bessent revealed in January.
America cared because Japan holds $1.12 trillion of US debt, more than any other country. A yen panic lifts American borrowing costs.

An attacker drained over $653,000 from card collateral vaults at Avici, a Solana neobank whose own documentation promised that only a user’s wallet could ever move that money.
The token Avici (AVICI) has since fallen by about 40% to $0.24. The sum taken equals close to a fifth of its entire market value.
AVICI Price Performance. Source: Coingecko What the Avici Exploit Broke
Avici sells a Visa credit card backed by USDC. Users lock the stablecoin in a smart contract, and spending draws it down. Third National issues the card, not Avici.
“Only user’s wallet can withdraw funds from escrow contract after deducting the spends,” the company’s documentation states, indicating who holds the keys.
On Friday, the vaults emptied anyway, with a live tracker counting $653,548 pulled out as of this writing
Avici Attack. Source: Live Tracker
Self-custody set out who could not take the money. It did not remove every privileged path written into the program itself. That gap is where the funds went.
On-chain researchers say the attacker submitted a crafted signature bundle, made itself an admin on the escrow accounts, then withdrew. Avici has not confirmed that method.
more info on the ongoing @avici hack ⚠️> drain started 2 hours ago (5PM UTC) and is still ACTIVE !!> over $1M exploit confirmed so far> over 9000 users affected so far> exploiter wallet address: FVNFzqAny8spWdPmYw6RQ9TkYa29ueFFiqCFD1gQnCEj> hacker transferred out over $1M… https://t.co/jG4iXbda1i pic.twitter.com/IHLmkPN10B
— inno (@inno_sol) August 28, 2026
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Why This Is Not a Treasury Hack
Each customer holds a separate escrow contract. So the money was left account by account. There was no single pot to empty.
It suggests a familiar pattern, such as when a Solana governance attack took $20 million from one BONK DAO treasury in a single stroke.
Associated tokens rarely shrug such incidents off, which is why the AVICI token fell almost 40%. In the same way, a bridge breach sent Midnight’s token to a record low in July.
Midnight (NIGHT) Token Price Performance. Source: BeInCrypto Markets
Avici has said only that it is aware of an issue affecting card balance withdrawals. No post-mortem has followed.
We’re aware of an issue affecting card balance withdrawals and are closely monitoring the situation. We’re working directly with all relevant partners to resolve it and will share updates as soon as we have more information.
— Avici (@avici) August 28, 2026
The company has not said whether the remaining vaults can still be called, or whether card settlement with Third National is affected.

Justin Sun has taken his breakup with Chinese actress Jing Tian to court. The TRON founder is suing her and her parents to recover roughly $4.5 million.
The filing landed alongside a sprawling personal essay Sun posted on X, which drew more than 33 million views in a day. Binance founder Changpeng Zhao (CZ) has since called for restraint.
How Justin Sun and Jing Tian Ended Up in Court
The two met in Hong Kong and dated through late 2025. Sun proposed on a Maldives island in January, then wired the 30 million yuan to two accounts held by her parents.
Justin Sun and Jing Tian. Source: X/Justin Sun
By late February, the relationship had moved to California. Jing Tian checked into a Laguna Beach resort ahead of an egg retrieval procedure, part of a surrogacy plan Sun says she raised herself.
The Tron founder writes that she phoned him on the 8th day and named a price of $50 million before proceeding. He says he ran his cash position through Claude AI, was told to refuse, and went quiet. She hung up and left.
Together with the bride price his lawyers are now chasing, that figure puts the dispute at $54.5 million.
“If I had given her the money that day, would she have stayed?” wrote Justin Sun.
He later told Hong Kong outlet The Standard that he still cannot say whether the machine’s judgment, or his own, was right.
Jing, 38, has now fired back without directly addressing Sun’s individual claims.
“I will never sell my love for money,” Jing Tian wrote on Weibo, adding that she believes the courts will ultimately establish the truth.
Her studio has similarly said the dispute should be handled through legal proceedings.
Why CZ Called Him Out
CZ drew a line between marketing and personal damage. Hard promotion is fair, he wrote. Wrecking a career is not.
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The framing matters. Zhao read the essay as a marketing exercise rather than a confession, and drew the line at reputational damage. This time his sparring partner is not Star Xu, the OKX founder whose long-running clash with CZ has flared repeatedly this year.

Grayscale’s research arm warned this week that Bitcoin’s correlation with gold has climbed above 50%, a shift the asset manager frames as the return of the debasement trade.
The finding marks a sharp reversal from recent years, when Bitcoin frequently traded in step with growth stocks rather than hard assets.
How Grayscale Measured Bitcoin’s Shift Toward Gold
In a recent note, Grayscale Head of Research Zach Pandl reported that Bitcoin’s 90-day correlation with gold rose from near zero at the start of the year to above 50%. Over the same period, its correlation with the Nasdaq 100 slipped from more than 60% to roughly 33%.
Pandl said the shift may reflect renewed investor focus on Bitcoin’s scarcity, monetary independence, and role as a store of value, according to Grayscale’s ongoing research series. He stopped short of offering any specific price target tied to the finding.
“…As fiscal imbalances grow and investors reassess the long-term purchasing power of fiat currencies, Bitcoin can serve as a scarce, liquid alternative alongside gold. That combination of scarcity and differentiated return drivers can make Bitcoin a compelling addition to a modern diversified portfolio,” Grayscale Head of Research said.
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Bitcoin’s Correlation Is Shifting Toward Gold. Source: Grayscale
The debasement trade refers to the argument that hard, supply-capped assets tend to appreciate as fiat currencies lose purchasing power over time.
That framing has gained traction as US federal debt has passed $40 trillion, with persistent fiscal deficits renewing attention on scarce alternatives to cash.
Why the Gold Correlation Shift Matters
Gold has already been on an extended bull run this year, reinforcing the narrative that investors are rotating toward traditional hedges against currency weakness.
Bitcoin’s rising correlation with gold, rather than tech stocks, suggests at least part of that flow may now be extending into digital assets as well. Pandl argued that Bitcoin and other scarce digital assets may be entering a more favorable market regime under these conditions.
Grayscale’s broader research this year has repeatedly linked Bitcoin’s price action to the debasement trade, including a January note that described the asset’s disconnect from currency weakness amid regulatory uncertainty.
“…Unchecked government debt growth undermines the credibility of fiat currencies and drives investors to seek out alternative stores of value like physical gold and certain cryptocurrencies—in digital assets we think the so-called “debasement trade” will primarily benefit Bitcoin, Ethereum, and Zcash…,” Pandl noted.
Gold & Bitcoin, the debasement-trade is back https://t.co/5Stv6Ayvbh
— Willem Middelkoop (@wmiddelkoop) August 28, 2026
The finding, however, describes a company’s research view rather than a realized market outcome. Correlation measures how assets have moved together in the past, not where prices will head next, and a 90-day rolling window can shift quickly if market conditions change.
Bitcoin’s relationship with both gold and stocks has changed meaningfully within a single calendar year before, and Grayscale itself has highlighted periods when Bitcoin tracked tech stocks far more closely than precious metals.
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September has a bad reputation on Wall Street, especially during US midterm election years. Across the last 10 midterm cycles, the average stock-market low arrived on September 2.
By the time stocks reached those lows, they had fallen an average 16.77% from their previous high.
Bitcoin is entering the same period near $77,500, while US stocks remain close to record highs and long-term bond yields stay unusually elevated. The question now is whether 2026 follows the old pattern.
Midterm Lows Cluster in Early September
Hartford Funds studied 10 US midterm election years between 1986 and 2022. Every one saw stocks suffer a sizeable drop from their yearly high.
Stocks Drawdowns across 10 midterm cycles from 1986 to 2022. Source: Hartford Funds
The damage varied enormously. Stocks fell 33.75% in 2002, while the biggest drop in 2014 was just 7.40%. The actual lows also occurred at very different points in the year.
So September 2 is a historical average, not a deadline for the next crash. And so far, 2026 has refused to follow the usual script.
S&P 500 (SPX) Performance. Source: TradingView The Fed is Debating a Rate Hike, Not a Cut
The macro setup has flipped since the spring, with Fed Chair Kevin Warsh using his first Jackson Hole speech on Friday to put prices first.
Major points from Fed Chair Kevin Warsh's Jackson Hole remarks:• Primary focus remains strictly on curbing elevated inflation • 2% target is non-negotiable and "firm and fixed" • Labor market remains steady and consistent with full employment • Work is not done until… https://t.co/APRfUBvoju
— BeInCrypto (@beincrypto) August 28, 2026
His own figures explain why, as the Fed chair said the PCE price index rose 3.7% over 12 months, while the six-month pace ran hotter at 4.1%. Inflation is not just high, it is accelerating.
Bonds add credence to the outlook, with the 30-year Treasury yield touching 5.28% on August 21 and closing August 26 at 5.17%. As of this writing, it stood at $5.20, with the effective fed funds rate at only 3.63%.
US 30-Year Treasury Yield. Source: TradingView
Fed presidents Hammack, Kashkari, and Logan already voted for a hike in July. The minutes showed officials fear repeated supply shocks keep delaying inflation’s return to target.
Kalshi traders now put September Fed hike odds at 53%, against roughly 48% for a hold.
Bitcoin Meets the Calendar at $80,000
Bitcoin just booked its record weekly dollar gain, adding $14,775 as spot ETF buying hit its fastest pace since October 2025. The rally then stalled at Bitcoin’s $80,000 ceiling.
BTC still trades 37% below its $126,080 peak from October 6, 2025. The wider crypto market slipped 0.80% on Friday to about $2.66 trillion.
Bitcoin Price Performance. Source: TradingView
Precedent argues for caution, because the last time the Fed tightened into a midterm autumn, Bitcoin’s last hiking cycle dragged it down roughly 65% to a $15,500 low in November 2022.
Meanwhile, dealer hedging offers a thin floor, as the SPY, the fund tracking the S&P 500, traded at $770.20 against a gamma flip at $767. Below that line, hedging stops cushioning drops and starts feeding them.
Everyone is talking about September seasonality.But almost nobody is talking about what happens when September collides with a MIDTERM ELECTION YEAR.2026 is a midterm year.Here are the S&P 500 performance AFTER August in EVERY completed midterm year in the historical… pic.twitter.com/Syjfs1pCTx
— TraderJonesy (@TraderJonesy) August 27, 2026
Still, the record cuts both ways because across those same 10 midterm cycles, the S&P 500 gained 27.80% on average in the year after the low.
The question is whether Bitcoin has to find that low first.

A $1,000 investment in Walmart when it went public in 1970 would be worth about $38.9 million today. That makes Walmart the biggest IPO in US history, in terms of investment return.
The result is striking because Walmart’s IPO was tiny by modern standards. It raised less than $5 million. SpaceX, which completed the largest IPO in US history this June, raised tens of billions. So how did such a small listing produce such an enormous return?
How Stock Splits Turned $1,000 Into $38.9 Million
When Walmart went public in October 1970, it sold 300,000 shares for $16.50 each, raising just $4.95 million. Its shares became much more valuable over the following 56 years. But looking at Walmart’s share price today tells only a small part of the story. The key is stock splits.
A stock split gives investors more shares without changing the total value of their investment at the time. If a company does a two-for-one split, for example, someone holding one share suddenly owns two.
Walmart has done this 12 times since its IPO. As a result, one Walmart share bought in 1970 has turned into 6,144 shares today.
10 companies that delivered the biggest returns since their IPO. Source: Taurex
“The figure most people quote for these companies is wrong, and it is wrong in the same direction every time… The real number is closer to 3,885,000%, and the whole gap is twelve stock splits the arithmetic dropped,” read a remark in the report, citing a market analyst from Taurex.
Coca-Cola shows the same effect even more clearly. One Coca-Cola share bought when the company began trading in 1919 has become 9,216 shares after 11 stock splits. At current prices, those shares are worth roughly $830,000.
Nvidia’s Earnings Already Reshuffled the List
Nvidia has already moved, with the study, which used its August 26 close of $209.66, ranking the chipmaker fifth, with a $1,000 stake worth $8.39 million.
Nvidia’s Q2 earnings showed revenue reached $96.2 billion, up 106% in a year. Data center sales rose 117%. The stock then gained 8.7%.
With NVDA stock near $226 on Friday, that same stake is worth about $9 million. Nvidia therefore passes McDonald’s. It sits roughly $350,000 short of Home Depot.
A 56-year ranking shifted in one session.
Nvidia (NVDA) Stock Performance. Source: Yahoo Finance The Lesson for SpaceX and Anthropic Buyers
The biggest IPO return does not mean the fastest growth. Nvidia compounded at roughly 39% a year, compared with Walmart’s 21%. Walmart simply had 56 years to grow.
Holding for that long is the difficult part. Nvidia went public just 14 months before the dot-com crash, when the Nasdaq eventually lost nearly 80%.
The ranking also has three important limits:
It excludes decades of dividends from companies such as Coca-Cola, McDonald’s, and Walmart.
It assumes investors bought at the IPO price, which most retail investors cannot access.
It only counts companies that survived long enough to become winners.
Even Walmart still has bad weeks. Its shares fell almost 6% last week after a rare sales miss.
For today’s IPO buyers, the bigger question is what happens over the next few decades. SpaceX priced its shares at $135 and opened at $150, with its record IPO valuing the company above $2 trillion.
Anthropic could follow this autumn with an even larger raise.
Neither has split its stock yet. Walmart’s history shows why that could eventually matter.

Chelsea have sold the front of their shirt for the first time in four years. The buyer is Circle, the American company behind the USDC stablecoin.
The deal runs for one season, with the logo debuting on Sunday, at home to Brighton.
Chelsea’s Shirt Lost a Third of its Value
Chelsea’s last big shirt deal, with phone network Three UK, ended in 2023. Roman Abramovich had sold the club under UK sanctions. A Todd Boehly-led American consortium took over.
Then came the stopgaps, with Infinite Athlete, a US technology firm, coming first. Dubai developer Damac followed.
It is imperative to note that no rival club spent longer with a blank shirt.
Former Chelsea head of global commercial activities, Christian Purslow: 🎙 "It is intriguing, mystifying, bloody unbelievable, to be perfectly frank, that Chelsea are starting another season without a shirt sponsor. Not because there aren't brands that would go on the Chelsea… pic.twitter.com/F57Q3uCGQd
— Vince™ (@Blue_Footy) August 20, 2026
The price kept sliding, so much so that in June, industry tracker The Sponsor cut Chelsea’s shirt value by £16.7 million, down to £33.6 million. Missing out on European football did the damage. It valued Liverpool’s shirt at £61 million.
Chelsea still says the Circle deal matches their market rate. That rate is thought to sit near £50 million a season.
Why A Regulated Coin Got the Shirt
USDC is the sixth-largest crypto asset, valued at roughly $73.6 billion. Circle sells trust more than technology. It won a French e-money license in July 2024, making it the first major stablecoin issuer cleared under the EU’s Markets in Crypto-Assets (MiCA) rules.
Timing helps too, coming only months after the Financial Conduct Authority (FCA) warned Premier League clubs about unauthorized finance sponsors.
“Millions of football fans trust their club’s badge. Clubs should not let unauthorised financial firms exploit that loyalty by putting potentially dodgy products in front of millions of fans,” Lucy Castledine, Director of Consumer Investments at the FCA, in a statement.
Britain’s own stablecoin rules land later. Full FCA oversight of issuers starts in October 2027. This deal ends five months before that.
Circle gets the Premier League, and the window, before the rulebook arrives.https://x.com/circle/status/2093292761415889289
Circle 🤝 @ChelseaFC USDC is coming to global football.Circle is proud to partner with Chelsea FC, one of the most recognized football clubs in the world.Beginning with the 2026/27 season, Circle and USDC will appear on the front of Chelsea’s Men’s, Women’s, and Academy… pic.twitter.com/RYgh9rtylg
— Circle (@circle) August 28, 2026
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The Kansas City Fed named cryptocurrencies and stablecoins in the official brief for this year’s Jackson Hole symposium. In 48 earlier editions, no agenda had made private digital money the subject of the meeting.
The 49th symposium runs August 27 to 29 in Wyoming. Federal Reserve Chair Kevin Warsh gives his opening remarks Friday morning. The theme is financial innovation and what it does to payments and policy.
What the Jackson Hole crypto agenda actually says
The announcement listed cryptocurrencies and stablecoins beside instant payments. The brief then framed the week around the future of currency, banking, and how policy gets carried out.
The program follows that brief. Six papers and three panels cover payments, tokens, and banks. Two Friday names show what the room is really for:
Darrell Duffie of Stanford University presents the paper on tokenized finance.
His discussant is Isabel Schnabel of the European Central Bank. She spent June telling central bankers that stablecoins are now their problem.
Central banks cannot remain passive observers of these developments,” Isabel Schnabel, member of the ECB’s Executive Board, in a Seoul speech on June 1, 2026.
Kenneth Rogoff of Harvard University gives the Friday luncheon address.
He wrote The Curse of Cash, a book urging rich economies to phase out large paper bills. In it he describes cryptocurrencies as a supercharged version of the $100 note.
The rest of the slate covers the international monetary system and the future of banking. Panels seat the International Monetary Fund and the Bank for International Settlements.
Why 48 Earlier Agendas Never Got Here
The symposium archive stretches back to 1978, with no title in it naming crypto, stablecoins, or tokenization. Its nearest cousins were about older machinery:
Financial restructuring in 1987
Capital markets in 1993
The internet economy in 2001
Last year the theme was labor markets, demographics, and productivity. The subject likely changed because the numbers did.
Stablecoins are worth about $304 billion today, DefiLlama data shows. The White House Council of Economic Advisers (CEA) counted roughly $300 billion in February. That is close to 1.7% of all money sitting in US bank accounts.
Stablecoins Market Cap. Source: DefiLlama
While size alone may not suffice to book a Jackson Hole slot, reach would. In April the CEA found that stablecoin issuers hold more short-term US government debt than Saudi Arabia.
This is not gonna end well. “Stablecoin-issuing companies, like Circle and Tether, now hold more Treasury debt than major U.S. government creditors like Saudi Arabia and South Korea.”https://t.co/aKvQS0PO3M
— Leah Libresco Sargeant (@LeahLibresco) March 19, 2026
The CEA also cited research on those flows, revealing that up to $3.5 billion of stablecoin inflows pulls three-month Treasury yields down. The drop is five to eight basis points. A basis point is one hundredth of a percentage point.
That is private money tugging at the short end of the government debt market. It is also the exact channel a symposium on policy implementation has to discuss.
Congress made the link explicit first and President Donald Trump signed the GENIUS Act on July 18, 2025. The law makes issuers back every token with dollars or short-term Treasuries, and publish those holdings monthly.
That mandate turned stablecoin issuers into standing buyers of US debt. The stablecoin Treasury bill buying followed the law, not the other way around.
Warsh Speaks Into It With Rates Unsettled
Warsh takes the podium at 10 a.m. ET. The Kansas City Fed streams the remarks on YouTube. His first Jackson Hole speech lands with September policy still contested.
September Interest Rate probabilities. Source: CME FedWatch Tool
Bitcoin (BTC) held near $79,373 on Friday, up 0.09% over 24 hours. A $6.4 billion options expiry had already stripped away its nearest reference point.
Nevertheless, two readings are available.
He can treat stablecoins as a story about demand for dollars and Treasuries.
Alternatively, he can leave the printed theme to the academics and talk inflation.
While either choice tells traders something, the agenda has already done its work regardless. The institution that sets the price of money is spending a weekend asking who else gets to issue it.

Ethereum (ETH) holders pulled 1.4 million coins off exchanges since June 3. The drain has accelerated since the rally began, according to Santiment.
Bitcoin (BTC) holders left their coins on exchanges during the same run. The two largest assets rallied together, and their owners responded in opposite ways.
Ethereum and Bitcoin Exchange Balances Split as Prices Climbed
Santiment noted that ETH held on exchanges fell from about 7.69 million coins on June 3 to 6.28 million on August 27. This marks an 18% drop in tradable supply.
Bitcoin balances rose 0.25% over the same stretch. Santiment places current BTC holdings on exchanges near the upper end of their recent range.
Notably, withdrawals did not pause once the advance started. A further 275,000 coins moved off exchanges after August 19, pushing holdings to the lowest of the period.
The firm added that Ethereum rose roughly 27% between August 16 and August 27. The coins therefore left while the price climbed, not while it fell.
Across August so far, Bitcoin gained 26.5%, and Ethereum gained 34.5%. Neither asset was falling when their holders chose opposite directions.
Meanwhile, Bitcoin’s exchange share dropped to 6.50% of total supply on July 28. It has climbed to roughly 6.65% since. Ethereum’s share sits at 3.717%. Santiment framed the split plainly.
“Two majors, one market, opposite inventory. ETH holders took their coins home. BTC holders left them on the desk,” the firm said.
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Bitcoin and Ethereum Exchange Supply. Source: Santiment ETF Flows Show the Same Divide
The same divide shows up in fund flows. Institutional money did not treat the two assets alike over the past 12 weeks.
US spot Ethereum ETFs netted $1.633 billion across 60 trading sessions. Bitcoin funds managed $173 million.
Bitcoin and Ethereum ETF Performance Since June 3. Source: BeInCrypto/SoSoValue
That gap is wider than the raw figures suggest. Bitcoin’s fund complex was eight times larger when the window opened, so the two totals sit on very different bases.
The Bitcoin number also masks heavy two-way traffic. Those funds took in $5.87 billion and gave back $5.69 billion, ending close to where they started.
Ethereum’s flows ran in one direction instead. Its intake equals 15.51% of the assets its funds held before the window opened, against 0.2% for Bitcoin.
Ethereum has gained 34.74% since June 3, against 11.91% for Bitcoin. September flow data will show whether the inventory gap holds.
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The SEC declared Evernorth’s S-4 registration effective on August 27, clearing the final regulatory hurdle before its planned Nasdaq listing under the ticker XRPN.
The XRP treasury company, backed by Ripple, Kraken, and Pantera Capital, now moves toward a decisive shareholder vote scheduled for September 30.
A Decisive Vote Set for September 30
Evernorth plans to go public through a merger with Armada Acquisition Corp. II, a SPAC formed in October 2024 and sponsored by Arrington XRP Capital.
Its S-4 form lists the securities involved in the deal and provides shareholders with the information they need before voting, covering up to 34,499,992 Class A common shares and 11,499,992 warrants.
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The SEC has declared our registration statement effective!Press release here: https://t.co/UMmvGU2kcbArmada Acquisition Corp. II shareholders will vote on the proposed business combination on Sept 30, 2026. Completion remains subject to that vote and to customary closing… pic.twitter.com/XqpG9IFXCG
— evernorthxrp (@evernorthxrp) August 27, 2026
The SEC’s effectiveness declaration allows Armada to formally convene its special shareholder meeting. Investors registered as of August 20 will vote on the merger on September 30.
The companies called the vote one of the last key milestones before Evernorth’s public debut.
“That vote is one of the last key milestones before Evernorth’s debut as a public company on Nasdaq, where the combined company is expected to trade under the ticker “XRPN,” subject to the completion of the business combination and satisfaction of customary listing conditions,” Evernorth said in the press release.
If approved, closing would follow shortly after, subject to customary conditions, and the combined company could then seek Nasdaq admission under XRPN by late Q3 or early Q4.
The SEC’s decision does not amount to an endorsement of the deal’s merits or fairness. Regulators simply confirmed that the registration statement can now be used to move the process forward.
Evernorth Wants an Actively Managed XRP Reserve
Evernorth aims to break from the passive buy-and-hold model that defined early crypto treasury companies. It says it will actively manage its XRP holdings to gradually increase the amount held per share.
According to CoinGecko data, Evernorth Holdings currently holds 473,276,430 XRP, worth roughly $672.3 million and accounting for 0.473% of the token’s total supply. That makes it the largest publicly traded corporate holder of XRP, ahead of any rival treasury company.
Evernorth Holdings currently owns 473,27 million XRP. Source: CoinGecko
That strategy rests on three pillars: yield generation, participation in the broader XRP ecosystem, and capital markets operations. The company plans to fund XRP-related infrastructure alongside projects tied to tokenized assets, on-chain credit, and settlement systems.
The announcement did not detail specific return targets or the risks tied to these strategies, leaving their effectiveness to be proven once the company trades publicly. Evernorth positions its future stock as a regulated, liquid, and transparent way to gain exposure to the XRP ecosystem, backed by Ripple, SBI Group, Pantera Capital, Kraken, Arrington Capital, and GSR.
XRP currently trades near $1.42, up 9% over the past 7 days, with a market cap of roughly $89 billion, according to BeInCrypto data. The S-4’s effectiveness marks a meaningful milestone, but Evernorth remains unlisted. The September 30 vote, followed by the deal’s completion, will determine whether XRPN actually debuts on Nasdaq.
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Phygitals sealed and tokenized the 1997 magazine where One Piece began. Solana promoted the launch on Friday, and the first tokenized One Piece manga now trades onchain.
The issue carries the main characters’ debut appearance, which arrived before the first collected volume reached shops. Grading firms count only 118 copies worldwide.
Why the Tokenized One Piece Manga Is So Scarce
The manga One Piece, written by Eiichiro Oda, was initially published in the Shonen Jump magazine No. 34 of 1997. Readers treated the magazine as cheap, throwaway newsprint. Most copies, therefore, went straight to the bin.
Almost nobody expected a record. One Piece passed 600 million published copies worldwide in March. The publisher Shueisha announced the milestone on the jacket band of volume 114.
Scarcity then attracted forgers. Reprints and outright fakes of the issue flood resale sites, and an official 2017 reprint edition adds more confusion. Dealers now treat authentication as the main hurdle for buyers.
Authentication carries real money. Reference guides put ungraded first prints in the low hundreds, while graded slabs trade in a separate market. Heritage Auctions ran a Beckett-graded copy of the issue in March. Graders slab originals and reprints separately, which remains the only dependable tell.
That backdrop matters here. Phygitals, a Solana marketplace for vaulted physical collectibles, sealed one of the 118 graded copies inside a digital pack. Buyers skip the guesswork because the token points to an authenticated slab rather than a photo listing.
Solana amplified the drop from its own account on Friday. Phygitals called the release the first tokenized manga in history.
The magazine that started One Piece, sealed, graded, and tokenized on Solana. @Phygitals https://t.co/NHt3KkdJ2P
— Solana (@solana) August 28, 2026
Solana Builds Out Its Collectibles Market
Phygitals backs every token with one graded item held in vault custody. Holders can request shipment at any point, and the platform then retires the digital copy. Trading cards built that model first, and manga now tests it.
Critics still flag the obvious weak point. A token only holds value while the custodian keeps the item safe and honors redemption. Provenance moves onchain, yet the paper never does.
Momentum sits on the other side of that argument. The RWA market cap jumped to $71 billion this month, while Ondo added tokenized stocks as collateral for leveraged trades. Solana itself posted a record onchain activity in August.
Japan sits close to this story, too. The Solana Foundation signed an SBI partnership in Japan in July to build yen-based onchain markets. Consumer apps have expanded as well, including a Solana prediction market launch inside Phantom.
Solana Price Performance. Source: BeInCrypto Markets
SOL trades near $107.21, up 5.9% on the day and 46.3% over the past month.
Manga has never had an onchain venue like this one. Trading cards took years to build real liquidity, and a single 1997 issue proves nothing yet. Anime fandom does, however, dwarf the sports card audience in raw size.
The next signal comes from bidders rather than from the announcement.

Bitcoin options worth $6.4 billion settled Friday morning at $79,682, effectively removing the hedging flows that had held BTC near $80,000 all week.
Now that the pin is gone, what replaces it arrives in stages, starting with Kevin Warsh at 10 a.m. Eastern time.
What the $6.4 Billion Bitcoin Options Expiry Cleared
Approximately 81,700 contracts settled at 8 a.m. UTC on Deribit, with the official settlement price at $79,682.33. Calls at the $80,000 strike expired worthless, missing by just $318. Calls at $75,000 paid out.
Those two strikes held the most money in the batch. They also explain the week’s trading range.
Bitcoin has rallied from ~$62K to ~$80K in a week. Now Friday’s options expiry puts that move directly against some of the market’s largest strike concentrations.~$6.4B in BTC options expire on Friday, with:→ $236M in call notional at $75K→ $157M in calls at $80K→ Max… pic.twitter.com/BUZOciyj5w
— Coinbase Markets 🛡️ (@CoinbaseMarkets) August 28, 2026
When traders sell options, market makers hedge by trading the underlying asset. They sell BTC as price rises toward a heavy strike. They buy as it falls away.
That creates an invisible magnet, and Bitcoin sat inside it for three days, much as it did during previous large options expiries.
With today’s options expiry, the magnet switched off at 08:00 UTC on Deribit.
The Ceiling Moved to $82,000
Analyst Ted Pillows flags a sell wall of roughly 1,052 BTC at $80,500 seen across four venues.
$BTC has a huge sell order at $80,500.Looks like a correction is coming next. pic.twitter.com/YIz2DKmMoF
— Ted (@TedPillows) August 27, 2026
As of 11:24 a.m. UTC, only 101 BTC now rests at $80,500 on Kraken and Coinbase combined. The wall has largely gone.
Bitcoin sell orders cluster at $82,000, more than three times the depth left at $80,500. Kraken’s API returns only 500 price levels, so it has no data above $81,338. Source: Coinbase and Kraken order books, 28 August 2026, 11:24 UTC.
The offers moved higher, such that at $82,000, the two exchanges hold 173 BTC, the largest cluster anywhere above spot.
Options data points to the same level. On the September 4 expiry, the $82,000 strike holds 5,931 contracts. That is 22% of everything open for that date, by far the heaviest concentration.
September 4 Expiry. Source: Deribit
Therefore, two separate datasets now agree that the ceiling that mattered this week has shifted about $1,500 higher.
$6.4 BILLION OF BITCOIN OPTIONS JUST EXPIRED.BTC has gone from roughly $62K to $80K while those positions were open.Now that they're cleared, traders are rebuilding around a completely different price range.The next few sessions could be very interesting.$80K is the level… pic.twitter.com/pXc2uWpyYN
— That Martini Guy ₿ (@MartiniGuyYT) August 28, 2026
Why the Fed Matters More Than Usual This Year
Warsh delivers his first keynote as Federal Reserve chair on Friday morning. The theme of this year’s symposium is financial innovation, and the agenda names cryptocurrencies and stablecoins directly.
Considering crypto is not a side topic at the Fed’s biggest annual gathering this year, that is unusual. It is the subject.
“…cryptocurrencies, and stablecoins. This year’s symposium will explore how the rapid evolution of the payments system has implications for the future of currency, banking, monetary policy implementation, and global financial integration,” read an excerpt in the release.
The rate backdrop is also tense, because in July the Fed held its target range at 3.50% to 3.75%. Three officials dissented, and all three wanted a hike.
Beth Hammack, Neel Kashkari and Lorie Logan pushed for a quarter point increase. Traders now put roughly a one-in-three chance on a rise at the September 16 meeting.
Risk assets rarely price a hike well. Yet past Jackson Hole reactions have been mild. Across eight years, Bitcoin’s median move was about 1%.
The exception was 2022. Jerome Powell turned hawkish and BTC fell 6% in a day. Warsh has no record at this podium, and his long policy silence leaves economists guessing.
Frank Hepworth, chief executive of New Market Trading, urged calm on the expiry itself.
“expiry weeks always sound scarier than they are.”
The Next Anchor Is Already Forming
Bitcoin’s current spot price sat near $79,699 on Friday, up by 0.2% in the last 24 hours. The options market has stopped setting its boundaries.
Bitcoin Price Performance. Source: BeInCrypto
The September 25 expiry already holds 155,393 contracts, roughly 40% of all open Bitcoin options on Deribit. It is nearly twice the size of the batch that just cleared.
It also settles nine days after the Fed decides. The heaviest strike sits at $70,000, and calls outnumber puts two to one. So the anchor has not disappeared. It has moved to a date that sits on the other side of the Fed.