Blockonomi

Key Takeaways
Glenn Thum of Phillip Securities maintains a Sell rating on SPCX with a $75 target, suggesting a potential 47% decline from current prices.
NYU professor Scott Galloway described SpaceX as “crazy overvalued,” estimating fair value between $10 and $30 per share.
The company delivered exceptional Q2 results, with revenue climbing 92% to $7.8 billion, triggering a 17% stock surge.
Following resistance near $149, SPCX has declined more than 4%, currently hovering around $140.
Despite bearish voices, most Wall Street analysts project upside, with a consensus target of $232.35 over 12 months.
SpaceX (SPCX) is currently changing hands around $140.50 following a dramatic post-earnings surge that stalled near the $149 resistance zone. The stock has shed over 4% in recent trading sessions, and a growing chorus of skeptics believes further declines lie ahead.
On August 17, Phillip Securities analyst Glenn Thum maintained his Sell recommendation with a 12-month target of $75. If realized, this would mark an approximately 47% decline from present trading levels.
Thum’s bearish stance stems from concerns about substantial capital outlays, concentrated exposure to artificial intelligence customers, and the short-term nature of certain cloud service agreements. According to the analyst, a positive revaluation would require evidence of extended customer contract commitments.
SpaceX’s second quarter 2026 performance was undeniably impressive. Overall revenue soared 92% compared to the prior year, reaching $7.8 billion. Connectivity segment revenue increased 66% to $4.3 billion, propelled by Starlink’s subscriber base doubling to 12 million. The AI division experienced explosive growth of 247%, generating $2.6 billion in revenue from expanded cloud infrastructure and service contracts.
Skepticism Intensifies Among Critics
Scott Galloway, a marketing professor at NYU and prominent podcast host, expressed even more extreme bearishness than Thum. During a podcast episode released Monday, he estimated SpaceX’s fair valuation at $10 to $30 per share.
“It’s still crazy overvalued,” Galloway stated. “I think this is a $10 to $30 stock.”
His bearish scenario implies SPCX is worth less than 7% of its current market price. Even his optimistic estimate suggests the stock should trade at approximately one-fifth of present levels.
Galloway highlighted the restricted public float as a major factor behind the initial price spike. With only 4% to 5% of SpaceX shares available for public trading at the IPO, supply remained severely constrained. The company’s rapid inclusion in the Nasdaq-100 index subsequently forced passive funds to accumulate shares.
He also questioned the timing of a $25 billion bond issuance executed shortly after going public, particularly given SpaceX already maintained $100.8 billion in cash reserves. According to Galloway, this financing move suggests the company’s expansion strategy relies increasingly on debt.
Additional Critics Join the Debate
George Noble, a former portfolio manager at Fidelity Overseas Fund, described SpaceX as among “the best shorts in the market.” He forecasts a potential 50% decline by year-end, placing fair value around $30 per share.
“Grandma’s 401(k) now owns a $2 trillion company at roughly 90 times revenues. That’s outrageous,” Noble commented.
Noble similarly criticized the expedited timeline for SPCX’s Nasdaq-100 inclusion, suggesting the decision created artificial buying pressure.
Despite his bearish outlook, Galloway acknowledged he would avoid shorting SPCX. He recognized that Elon Musk’s promotional capabilities could drive the stock higher independent of underlying fundamentals, and that SPCX might exhibit meme-stock characteristics if Musk announced another high-profile initiative.
The consensus view from Wall Street analysts remains considerably more optimistic. Among 31 analysts monitored by TipRanks, the mean 12-month price objective stands at $232.35, implying potential gains of 64%. The most bullish analyst maintains an $800 price target.
At publication time, SPCX commands a market capitalization of approximately $1.9 trillion.
The post SpaceX (SPCX) Stock Faces Heavy Skepticism as Bears Call It Overvalued at $140 appeared first on Blockonomi.

Key Points
President Trump delayed implementation of 50% tariffs on Canadian imports mere hours before the midnight deadline following a breakthrough announcement
A 72-hour extension has been granted to complete final documentation on the emerging agreement
Negotiations continue to address dairy products, alcohol distribution, automotive industry concerns, and broader market access issues
Revival of the Keystone XL pipeline project has emerged as a potential component of the broader trade framework
The proposed tariffs would have impacted approximately 5% of Canadian imports to the United States
In a dramatic late-evening development Tuesday, President Trump declared he would delay imposing 50% tariffs on Canadian imports, stopping the clock just hours before the midnight implementation deadline. The announcement came via Truth Social, where Trump indicated both nations had achieved a breakthrough agreement pending final paperwork.
"I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL! The great Keystone XL Pipeline, long ago killed by Sleepy… pic.twitter.com/u5xEHMKPaW
— The White House (@WhiteHouse) August 19, 2026
The proposed duties were poised to affect approximately $20 billion in Canadian exports, ranging from construction cement to sporting equipment like hockey sticks. The temporary reprieve provides negotiators a 72-hour window to complete the necessary documentation.
Timeline of Events Leading to the Delay
The administration first signaled its intention to impose the sweeping 50% tariffs in recent weeks, characterizing Canadian trade practices as unfairly discriminatory against American businesses. Primary grievances centered on the automotive sector, dairy industry protections, and alcoholic beverage market restrictions.
The legal mechanism chosen for implementation was Section 338 of the 1930 Tariff Act, an obscure provision permitting retaliatory measures against nations engaging in discriminatory commercial practices. This approach became necessary after the Supreme Court invalidated the emergency authority Trump had previously employed for broader international tariff programs.
Canadian Prime Minister Mark Carney acknowledged the temporary suspension, stating that “substantial progress has been made, although there is important work still to be done.” He characterized this week’s diplomatic exchanges as “very intense and delicate.”
Outstanding Issues in the Negotiations
Multiple contentious areas remain under active discussion. Canadian negotiators have pressed for elimination of current American duties affecting automobiles, steel products, and lumber exports. Meanwhile, US representatives have demanded expanded market access opportunities, particularly restoration of American wine and spirits distribution through Canadian retail channels.
US Trade Representative Jamieson Greer indicated any final arrangement would encompass “comprehensive market access for all American goods, economic security commitments, and digital trade alignment.” He previously acknowledged that “there are a lot of issues” requiring resolution.
The automotive manufacturing sector represents a particularly challenging negotiating point, according to sources with knowledge of the discussions. Canada’s vehicle production industry has experienced significant disruption, including plant shutdowns and workforce reductions stemming from previous tariff implementations.
Research conducted by Veda Partners calculated that full implementation of the new tariffs would have elevated the effective tariff rate on Canadian exports from 4.68% to 6.27%. However, the practical impact would have been concentrated, with only approximately 5% of Canadian goods entering the US market during the previous year facing the new assessment.
Trump also referenced the Keystone XL pipeline infrastructure project in his Truth Social statement, floating the possibility of revival as an element of a comprehensive settlement. The major pipeline project, designed to transport 830,000 barrels daily from Alberta’s oil fields to Gulf Coast refineries, was terminated by President Biden during his first days in office in 2021.
The Canadian Chamber of Commerce expressed cautious optimism about the extension while emphasizing it falls short of providing business certainty. “An extension doesn’t bring the certainty that a signed interim deal would,” noted Chamber president Candace Laing.
The resolution of these negotiations carries implications extending beyond immediate trade concerns, potentially influencing the trajectory of the US-Mexico-Canada Trade Agreement as it approaches its scheduled review period.
The post Trump Grants Canada 72-Hour Reprieve from Massive Tariffs: What’s Next in Trade Negotiations appeared first on Blockonomi.

Key Highlights
HYPE maintains trading position around $59.37, continuing its upward trajectory for the second consecutive session with buyers eyeing the $60.00 threshold.
Major whale activity detected as 57,000 HYPE tokens valued at $3.36 million were withdrawn from Coinbase, indicating strong accumulation behavior.
Hyperliquid Policy Center submitted formal recommendations to the SEC advocating for regulatory framework around pre-IPO futures trading.
Derivatives market activity surged with an 18.98% increase to $1.74 billion, while short liquidations significantly exceeded long positions.
Critical resistance zone identified at $62.48, with potential extension toward $68.00 if bullish momentum continues.
The native token of Hyperliquid continues to demonstrate resilience on Tuesday, maintaining its position above the $59.00 threshold as market participants show renewed confidence in the asset.
Hyperliquid (HYPE) Price
Currently valued at approximately $59.37, HYPE has established itself firmly above critical moving average indicators including the 50-day, 100-day, and 200-day EMAs. Technical indicators show the MACD has flipped bullish, while the Relative Strength Index hovers around 56, suggesting sustained buying pressure without entering overbought territory.
On-chain analytics revealed that a freshly established wallet address extracted 57,000 HYPE tokens from Coinbase, representing a $3.36 million transaction. This type of exchange withdrawal generally indicates reduced selling pressure as tokens move into cold storage, a pattern frequently associated with long-term holding strategies.
Despite this bullish signal, data shows net spot market inflows to exchanges reached $3.38 million during the same period. This indicates aggregate token deposits exceeded withdrawals, potentially introducing near-term supply dynamics that could temper immediate price appreciation.
Source; Coinglass
Futures Market Shows Increased Engagement
HYPE derivatives markets experienced substantial growth, with trading volume climbing 18.98% to reach $1.74 billion. Open Interest registered a modest increase of 0.73%, settling at $2.54 billion, while options trading volume exploded by 174.12% to $2.09 million.
The 24-hour Long/Short Ratio currently stands at 0.9689, reflecting a slight tilt toward bearish positioning. However, liquidation data tells a different story: short positions were forced to close to the tune of $1.14 million in the past day, substantially outpacing the $599,760 in long liquidations, suggesting bulls maintain control of price action.
Breaking: Hyperliquid Strategies is surging after Stan Druckenmiller's Family Office disclosed a new $23,150,000 stake in the company as of Q2$PURR has added ~$66,700,000 in market cap today pic.twitter.com/w8fp3JoNCb
— Autopilot (@joinautopilot) August 17, 2026
Cryptocurrency analyst Bluntz shared observations on social platform X, highlighting that HYPE completed an 86-day consolidation period during which both range extremes were tested and reclaimed. He emphasized that billionaire investor Stanley Druckenmiller recently allocated $23 million into HYPE through PURR, characterizing the technical and fundamental alignment as compelling.
hype looking good here imo, 86 days of sideways, both sides of the range swept and also reclaimed, plus druckenmiller just dropped $23M in $hype via $purr pic.twitter.com/3csZRp074X
— Bluntz (@Bluntz_Capital) August 18, 2026
SEC Receives Pre-IPO Futures Trading Proposal
In a significant regulatory development, Hyperliquid Policy Center partnered with trade[XYZ] to submit comprehensive feedback to the US Securities and Exchange Commission. This correspondence directly addresses the regulator’s ongoing solicitation for innovative approaches to enhance the traditional IPO framework.
The submission references five completed cycles of pre-IPO perpetual futures markets on the Hyperliquid platform and identifies five critical regulatory considerations: proper classification of trading instruments, requirements for issuer transparency, listing standards and safeguards, market surveillance mechanisms, and democratized access for domestic retail investors.
Hyperliquid contends that U.S. market participants have been systematically excluded from valuable pre-listing price discovery, using SpaceX as a case study where the token traded at $135 before the official listing price of $150.
From a technical perspective, HYPE successfully defended the $53.67 support zone and has recaptured the $57.10 level. The immediate resistance target remains $62.48, with a successful breakthrough potentially opening the path toward $68.00. Should bearish pressure reemerge, traders will monitor $57.10 and $53.67 as critical support levels.
The post Hyperliquid (HYPE) Gains Momentum After Druckenmiller’s $23M Investment and SEC Policy Push appeared first on Blockonomi.

Key Takeaways
A sophisticated exploit drained approximately $1.7 million from Maya Protocol, marking the platform’s first significant security breach since its 2023 inception
The exploit leveraged six interconnected vulnerabilities through a single transaction containing 23 messages, extracting 48.87 million CACAO tokens
Stolen assets included approximately 20 Bitcoin valued at $1.4 million plus an additional $300,000 in various cryptocurrencies from the protocol’s vault systems
The CACAO token experienced a catastrophic 89% price collapse, plummeting from approximately $0.115 to $0.013 in the aftermath
Protocol developers immediately implemented an emergency network shutdown and are currently developing a security patch
Maya Protocol, a cross-chain decentralized trading platform, executed an emergency network shutdown on Wednesday following a security breach that resulted in approximately $1.7 million in stolen cryptocurrency.
BREAKING: Maya Protocol EXPLOITED for $1.7 MILLION in a sophisticated 6-bug attack.
MAYAChain suffered a chained six-bug exploit that allowed the attacker to manipulate pool accounting, gain 99.93% ownership of an inflated pool and extract roughly $1.36M in hard assets to L1,… pic.twitter.com/564eODmfld
— Coin Bureau (@coinbureau) August 19, 2026
Aalux, one of the protocol’s co-founders, publicly acknowledged the security incident and disclosed that the development team had initiated a comprehensive network halt to prevent additional losses.
The malicious actor successfully extracted approximately 20 Bitcoin worth roughly $1.4 million, in addition to approximately $300,000 in various other digital assets.
Technical Breakdown of the Exploit
Initial forensic analysis revealed the attack exploited a chain of six interconnected vulnerabilities affecting trade account functionality, outbound transaction processing, and liquidity pool calculation mechanisms.
The perpetrator executed a sophisticated single transaction comprised of 23 individual messages that manipulated the system’s theft detection protocols, artificially inflated a pool with minimal liquidity, and subsequently extracted 48.87 million CACAO tokens from Maya’s Asgard vault module.
Approximately $1.36 million in stolen funds were transferred to external blockchain networks, while the attacker retained around $291,000 worth of CACAO tokens and trade-account holdings within the Maya ecosystem.
Blockchain security analytics firm PeckShield identified the breach and confirmed that assets were extracted from the protocol’s vault infrastructure before the platform’s automated solvency verification systems could prevent the outflow completely.
Prior to the attack, Maya Protocol held approximately $15 million in total value locked, based on data from DeFiLlama. The theft accounted for slightly more than 10% of that total.
CACAO’s circulating market capitalization currently stands at approximately $10 million. The token had already experienced a decline exceeding 92% from its peak price of $1.43 prior to this security incident.
Independent blockchain analyst Vini Barbosa calculated the broader pool value decrease at approximately $10.9 million, though this figure encompasses arbitrage trading activity and token devaluation in addition to the direct theft.
Team Response and Security Measures
Aalux confirmed that developers have successfully identified the security weakness and are actively working on implementing corrective measures. He expressed appreciation for the rapid coordination from node operators.
As a derivative project of THORChain, Maya Protocol implements a “halt first” security framework, which prioritizes immediate trading suspension for investigation purposes rather than pursuing emergency bailout procedures.
The protocol’s Mimir emergency halt mechanisms were triggered, suspending all deposit and withdrawal operations for compromised liquidity pools while validators and technical teams conduct their investigation.
Broader Industry Implications
This security breach comes after THORChain experienced its own exploit in May 2026, initially reported as $10.8 million but subsequently adjusted to $7.4 million, which similarly necessitated a complete trading suspension.
Maya had maintained a clean security record for over three years following its mainnet deployment in April 2023, with no documented loss-of-funds incidents until now.
A comprehensive technical post-mortem analysis explaining how the attacker circumvented Maya’s security architecture is anticipated from the development team within the next several days.
The post Maya Protocol Loses $1.7 Million in Sophisticated Multi-Bug Exploit appeared first on Blockonomi.

Key Highlights
Tokyo-based Metaplanet commits 2,100 BTC alongside $2.5 million in cash for a 95.7% ownership position in Nasdaq-traded Super League Enterprise
Acquired company will rebrand as Superplanet and operate under ticker symbol SUPA, functioning as a Bitcoin treasury vehicle in American markets
Investment draws from Metaplanet’s current holdings of 43,000 BTC, representing approximately $135 million in value
Super League’s stock price soared more than 85% following the announcement, with Metaplanet shares gaining 5%
Strategic structure establishes dual fundraising platforms: one based in Japan, another targeting US investors
Japan’s premier corporate Bitcoin accumulator, Metaplanet, is executing its inaugural significant expansion into United States capital markets. The company revealed its intention to deploy 2,100 Bitcoin alongside $2.5 million cash to secure majority ownership of Super League Enterprise, currently listed on the Nasdaq exchange.
Since April, a small team inside Metaplanet has been working on something we could not talk about. Today it is public.
Metaplanet is taking a controlling stake in Super League Enterprise (Nasdaq: SLE). At closing it will be renamed Superplanet, our U.S. Bitcoin treasury… pic.twitter.com/70vjsjrwUN
— Simon Gerovich (@gerovich) August 18, 2026
Following transaction completion, Super League will undergo a corporate rebrand to Superplanet, adopting SUPA as its trading symbol. The entity will function as Metaplanet’s primary American Bitcoin treasury operation.
According to Metaplanet CEO Simon Gerovich, this arrangement establishes “two engines” for Bitcoin acquisition. The parent company will maintain capital-raising activities in Japanese markets, while Superplanet focuses on American investors, with particular emphasis on perpetual preferred equity instruments.
The committed 2,100 BTC constitutes slightly less than 5% of Metaplanet’s aggregate 43,000 BTC position. Based on prevailing market rates, this Bitcoin allocation carries a valuation near $135 million. The transaction involves existing holdings rather than fresh purchases.
Transaction Framework
Upon completion, Metaplanet will control approximately 95.7% of Superplanet’s common equity, valued at $3 per share. Additional holdings will include preferred securities and warrant instruments, with Metaplanet appointing five members to a nine-person board of directors.
Metaplanet’s ownership position carries a five-year lock-up provision. Super League’s current operations spanning gaming, content production, and advertising services will continue functioning within the reorganized corporate framework.
Funds secured through either corporate entity may support the combined Bitcoin treasury initiative. Superplanet gains capability to pursue American acquisition targets potentially unavailable to its Japanese parent organization.
Transaction closure is anticipated during the fourth quarter of 2026, contingent upon Super League shareholder ratification.
Investor Response
Super League equity surged beyond 85% to reach $5.66 on announcement day. Trading activity exploded to approximately 37.3 million shares, compared with roughly 393,000 shares in the prior session—representing nearly a 95-fold volume spike.
Metaplanet shares similarly advanced, finishing 5.07% higher at 228 JPY. Intraday price action fluctuated between 224 and 238 JPY.
Metaplanet presently holds the third position among global corporate Bitcoin holders. The company trails Twenty One Capital by approximately 500 BTC. Twenty One Capital operates with backing from Tether, Bitfinex and SoftBank.
Michael Saylor’s Strategy maintains its position as the world’s largest corporate Bitcoin holder, controlling over 840,000 BTC. Strategy has liquidated portions of its Bitcoin position in recent periods to finance dividend distributions and equity buyback programs.
Metaplanet’s most recent Bitcoin acquisition occurred in early July. Corporate financial results showed revenue expansion of 133.7% alongside operating profit growth of 136.3% year-over-year during the first half of 2026.
Final deal completion remains dependent on standard closing conditions, including shareholder approval processes.
The post Metaplanet Deploys 2,100 BTC in Strategic Nasdaq Acquisition to Expand US Presence appeared first on Blockonomi.

Quick Overview
Build your foundation with Bitcoin and Ethereum, dedicating 70-90% of your cryptocurrency holdings to these two assets
Never risk more than you can comfortably lose—most newcomers allocate just 1-5% of their total investment capital to crypto
Employ dollar-cost averaging to purchase consistently over time rather than attempting to predict market movements
Limit altcoin exposure to a minimal portion of your holdings and conduct thorough due diligence before purchasing
Adopt a multi-year perspective instead of monitoring daily fluctuations, and adjust your portfolio when weightings deviate significantly from targets
Bitcoin and Ethereum stand as the two most established digital currencies in today’s market. For newcomers entering the cryptocurrency space, these assets represent the most sensible entry point.
Bitcoin functions primarily as a store of value, often compared to digital gold in its properties. Ethereum serves as the foundation for an extensive network of decentralized applications and blockchain innovations. Combined, these two cryptocurrencies form the cornerstone of most introductory crypto portfolios.
Financial advisors typically recommend maintaining 70% to 90% of your cryptocurrency exposure in these two core assets. The balance can be allocated toward more speculative ventures such as alternative cryptocurrencies.
Determining Your Investment Amount
Before purchasing any cryptocurrency, establish how much of your total wealth you’re willing to put at risk. Digital asset prices are known for experiencing rapid and severe declines.
Bitcoin has experienced substantial price corrections throughout previous market cycles. Lesser-known altcoins can plummet 70%, 80%, or potentially 90% during bear markets.
For those just starting out, allocating between 1% and 5% of your complete investment portfolio to cryptocurrency represents a prudent baseline. Individuals with greater risk appetite might allocate more, but the fundamental principle remains constant: only invest capital you can afford to lose entirely.
The Power of Dollar-Cost Averaging and Resisting FOMO
Successfully timing the cryptocurrency market proves challenging even for seasoned professionals. Dollar-cost averaging (DCA) offers a practical approach to investing without attempting to identify price bottoms.
Rather than deploying capital all at once, you contribute a predetermined amount on a consistent schedule. This strategy ensures you purchase at varying price points throughout time, which moderates your average acquisition cost.
DCA additionally minimizes emotion-driven choices. Among the most prevalent errors novice investors commit is purchasing after a cryptocurrency has already experienced a dramatic price surge. Witnessing a coin double in value within seven days generates a sense of urgency, yet entering at the height of a rally frequently results in financial losses.
Maintaining Portfolio Simplicity
A limited selection of thoroughly vetted altcoins can complement a beginner’s portfolio. Projects such as Solana and Chainlink have developed genuine ecosystems, though they present elevated risk compared to Bitcoin or Ethereum.
Managing a portfolio containing two or three well-researched altcoins proves far simpler than tracking 20 separate tokens.
The most critical discipline for beginning investors involves maintaining a long-term outlook. Short-term price fluctuations become less significant when your investment thesis centers on blockchain technology’s position three to five years ahead.
Periodically reviewing your portfolio proves beneficial as well. Should cryptocurrency expand to represent a disproportionately large percentage of your investments following a market surge, rebalancing to your initial allocation maintains appropriate risk levels.
The fundamentals of cryptocurrency investing remain straightforward. Begin modestly, prioritize established assets, contribute systematically, and resist the temptation to chase momentum.
The post Bitcoin and Ethereum First: A Beginner’s Guide to Smart Crypto Investing appeared first on Blockonomi.

Principais conclusões
O XRP caiu abaixo do limite psicológico crítico de US$ 1, atualmente pairando em torno de US$ 0,9942.
Transações em larga escala acima de US$ 1 milhão saltaram 280%, com mais de 38 transferências significativas registradas em uma janela de 24 horas.
O open interest do XRP na Binance atingiu seu maior nível em dois meses, indicando maior participação do mercado de derivativos.
O volume de negociações no setor de derivativos subiu 12,48% para US$ 1,55 bilhão, enquanto o open interest dos futuros registrou uma queda modesta.
Um cenário de recuperação exige que o XRP recupere a marca de US$ 1 e rompa a resistência em US$ 1,02.

Key Takeaways
Vlad Tenev, CEO of Robinhood, is urging American regulators to establish clear guidelines for tokenized equity trading
The platform currently provides access to more than 2,000 blockchain-based stock tokens for European Union and European Economic Area users
Blockchain-based stocks could unlock round-the-clock trading with instant settlement capabilities
Global tokenized equity trading volume on blockchain networks reached approximately $9 billion in 2026, marking an 800%+ increase year-over-year
Existing U.S. securities regulations pose the primary obstacle to offering tokenized equities to American retail investors
The chief executive of Robinhood, Vlad Tenev, is urging American financial regulators to develop comprehensive rules for tokenized equities, cautioning that the United States risks lagging behind international competitors as blockchain-based stock markets gain momentum worldwide.
BULLISH: Robinhood CEO Vlad Tenev says “we are in the early innings of a global tokenization supercycle” that will “eat the ENTIRE financial system.”
Tenev is urging the U.S. to clear the path for tokenized stocks, arguing that real-time settlement, 24/7 trading and asset… pic.twitter.com/C71oMwF6Y1
— Coin Bureau (@coinbureau) August 19, 2026
On August 18, Tenev issued his appeal, declaring that global financial systems have entered the early stages of what he describes as a “tokenization supercycle.” According to Tenev, this emerging technology has the potential to fundamentally transform asset ownership, market trading, and value transfer mechanisms.
Understanding Blockchain-Based Stock Tokens
Tokenized equities represent digital versions of conventional stocks built on blockchain technology. Robinhood’s token offerings maintain a one-to-one backing with actual stock shares, though token holders don’t possess direct ownership of the underlying securities. This ownership model sits at the heart of current regulatory discussions.
According to Tenev, fixating on ownership mechanics overlooks the technology’s transformative potential. His vision centers on reconstructing the fundamental infrastructure supporting asset ownership to enable markets that operate with greater speed and transparency.
The trading platform currently makes available over 2,000 stock tokens to qualified users throughout the European Union and European Economic Area regions. These digital assets provide blockchain-based exposure to American equities and exchange-traded funds.
Additionally, the firm has rolled out a public testnet for Robinhood Chain, a Layer 2 network built on Ethereum specifically designed for financial use cases. By April, this testnet had successfully processed over 100 million transactions.
Why Instant Settlement Matters
Settlement efficiency represents a central pillar of Tenev’s argument. He referenced the 2021 GameStop market volatility episode, during which Robinhood imposed buying restrictions following dramatic spikes in clearinghouse margin requirements.
Tenev contends that blockchain-enabled settlement systems could eliminate such scenarios. Instantaneous settlement eliminates the risk window that exists between trade execution and final clearing.
American equity markets currently operate under a T+1 settlement schedule, where trades finalize one business day after execution. Tenev believes tokenization technology could compress this timeline even further while simultaneously lowering collateral obligations.
Beyond settlement speed, he identifies two additional shortcomings in legacy market structures. The first involves trading availability. While Robinhood now provides extended trading hours five days per week in the U.S., blockchain infrastructure could enable continuous 24/7 market access as a native feature instead of a supplementary service.
The second issue concerns asset portability. Transferring holdings between conventional brokerage firms typically requires multiple days. Blockchain tokens can migrate between compatible digital wallets significantly faster.
America’s Regulatory Challenge
The fundamental obstacle stems from U.S. securities regulations being designed for centralized exchanges, traditional brokerages, and established clearing infrastructure. Deploying stocks on distributed ledger technology doesn’t eliminate compliance with these existing legal frameworks.
The Securities and Exchange Commission has recently begun examining portions of this regulatory architecture. Last June, the agency proposed eliminating a rule designed to protect trade orders from receiving worse prices across different trading platforms. Officials cited technological advancement as diminishing the rule’s practical value.
Tokenized stock trading is experiencing explosive growth internationally. Blockchain-based equity trading volume hit approximately $9 billion during 2026, representing over an 800% surge compared to the previous year.
Robinhood is positioning itself for this expansion. Tenev views the broader strategic opportunity as leveraging cryptocurrency infrastructure to enhance traditional financial services, extending beyond purely crypto-native instruments.
“It would be a strange outcome if the rest of the world could build the future of ownership around American assets while Americans themselves were left behind,” Tenev said.
The post Robinhood (HOOD) CEO Urges U.S. Regulators to Embrace Tokenized Stock Trading appeared first on Blockonomi.

Key Highlights
SOL currently trades at $76.20, representing a significant decline from its $293.31 all-time high reached in January 2025
An inactive whale wallet emerged after a two-year dormancy, acquiring 47,535 SOL tokens valued at $3.6 million
Market observers identify the $40–$60 price range as a critical accumulation opportunity should further corrections materialize
Projections from various analysts suggest long-term price possibilities of $300, $500, and potentially $1,000
Regulatory clarity through the CLARITY Act, expanding stablecoin usage, and institutional participation could serve as recovery drivers
Solana (SOL) maintains a current price of $76.20, representing a substantial retreat from the $293.31 peak achieved on January 18, 2025. The cryptocurrency has experienced downward pressure in tandem with the wider digital asset market throughout recent months, influenced by macroeconomic headwinds and elevated interest rate expectations.
Solana (SOL) Price
However, significant whale movements are emerging despite the price decline. Blockchain tracking data from Lookonchain reveals that a wallet inactive for nearly two years has re-entered the market, acquiring 47,535 SOL tokens for roughly $3.6 million.
Historical records show this identical wallet accumulated 291,790 SOL during 2023 at an average entry of $23.37 per token. The wallet subsequently liquidated 191,789 SOL at approximately $128.36 each, securing profits exceeding $20 million. This fresh acquisition indicates growing conviction in SOL’s current valuation.
Market analyst Crypto Patel identifies the $40–$60 corridor as a strategic accumulation window should SOL experience additional downward movement. His analysis outlines long-term objectives of $300, $500, and $1,000, contingent upon enhanced adoption metrics and improved market liquidity.
Do You Think We'll See $SOL Under $60 Again in The Next 4-5 Years?
My Best Accumulation Zone: $60 – $40
Targets: $300 | $500 | $1000
Patience pays. Accumulate when others panic.
Not Financial Advice. ALWAYS DYOR.@solana #SOLANA pic.twitter.com/46yAWwGXPy
— Crypto Patel (@CryptoPatel) August 18, 2026
Market Commentary and Community Perspective
Cryptocurrency analyst CryptoCurb shared a definitive perspective on X, highlighting that 581 days have elapsed since the cycle peak — surpassing the previous cycle’s 420-day decline period. He maintained that “Solana has bottomed” and warned that bears anticipating lower entry points “are going to be forced buyers at much higher prices,” projecting SOL could exceed $1,000.
$SOL
last cycle, it took 420 days from cycle top to bottom. this cycle, it's been 581 days since cycle top.
solana has bottomed.
bears waiting for another dip are going to be forced buyers at much higher prices.
SOL is going to $1,000+#SOLANA pic.twitter.com/uPpwQK0y2j
— curb (@CryptoCurb) August 18, 2026
Meanwhile, Leo Sun of The Motley Fool offered a conservative outlook, estimating SOL could reclaim $200 within a two-year timeframe. Sun emphasizes Solana’s transaction processing superiority compared to Ethereum, its expanding presence in stablecoin settlement infrastructure, and growing institutional embrace as fundamental catalysts.
Corporate Adoption Accelerating
Financial giant BlackRock has launched tokenized investment products on Solana’s blockchain. Major payment processors including Visa, Shopify, and Stripe leverage the network for stablecoin transactions and cryptocurrency onboarding solutions.
Chief product officer at the Solana Foundation, Virbu Norby, has characterized Solana’s trajectory as potentially becoming the “Netflix or Amazon of finance” as its ecosystem continues expanding.
Legislative Developments
The CLARITY Act, progressing through United States congressional procedures, seeks to establish definitive federal guidelines for digital assets. Successful passage could eliminate ambiguity surrounding SOL’s classification as either a security or commodity.
Spot Solana exchange-traded funds received regulatory approval in the previous year and are anticipated to channel additional capital from both retail and institutional market participants.
Current metrics show SOL’s 24-hour trading volume at $1.37 million, with a total market capitalization of $44.41 billion.
The post Solana (SOL) Price Analysis: Whale Returns with $3.6M Buy as $200 Target Emerges appeared first on Blockonomi.

Destaques
O Bitcoin manteve estabilidade em torno de US$ 64.250, enquanto o mercado mais amplo de criptomoedas registrou pequenos aumentos na quarta-feira
A Solana disparou 2% para se aproximar de US$ 77, superando outros principais ativos digitais, enquanto o ether subiu 1% para ultrapassar US$ 1.900
As gigantes de semicondutores sul-coreanas Samsung Electronics e SK Hynix despencaram mais de 7%, fazendo o índice Kospi cair mais de 6%
O índice composto Nasdaq caiu 1,3% na terça-feira, em meio a uma liquidação no setor de semicondutores que analistas atribuíram ao posicionamento do mercado

Key Points
Following congressional inaction on the CLARITY Act, the SEC unveiled “Regulation Crypto Assets” as its new regulatory framework
Token issuers can choose between raising $5 million over four years or $75 million annually under the dual-track system
The framework includes safe harbor protections to shield certain digital assets from investment contract classification
A 60-day public comment window begins once the proposal appears in the Federal Register
Chair Paul Atkins emphasizes that congressional legislation remains critical for sustainable crypto oversight
Under Chair Paul Atkins’ leadership, the SEC has introduced its inaugural comprehensive crypto regulatory proposal following the Senate’s inability to move forward with the Digital Asset Market Clarity Act prior to its August congressional break.
TODAY: The SEC proposed new rules, “Regulation Crypto Assets,” that would create a clear and fit-for-purpose framework for certain investment contracts involving crypto assets. pic.twitter.com/SAA2sErMXF
— U.S. Securities and Exchange Commission (@SECGov) August 18, 2026
Dubbed “Regulation Crypto Assets,” this new regulatory structure aims to provide digital asset companies with legitimate fundraising avenues that don’t automatically invoke securities regulations.
Dual-Track Fundraising System Introduced
Token issuers receive two distinct pathways under the proposed framework. A startup-friendly option permits companies to generate up to $5 million through token sales across a four-year timeframe, requiring public documentation at both the beginning and conclusion of this period.
The alternative route enables fundraising up to $75 million within any 12-month span. This higher-tier option demands more comprehensive compliance measures, including detailed financial statement submissions and continuous reporting duties.
Companies utilizing either pathway must furnish investors with what the SEC describes as “principles-based narrative disclosures.” Additionally, all offerings remain subject to current anti-fraud statutes and market manipulation prohibitions.
Safe Harbor Provisions Established
A significant component of the proposal involves a safe harbor mechanism that would prevent specific crypto tokens from being categorized as “investment contracts” under existing securities frameworks.
After an issuer fulfills all committed management responsibilities, the associated investment contract would no longer face potential security classification. This approach aligns with earlier SEC guidance documents.
Atkins characterized the initiative as “charting a new course” designed to foster crypto innovation domestically.
Legislative Action Remains Essential
Even with this regulatory advancement, Atkins stressed that congressional action remains indispensable. He highlighted that lasting regulations must be “future-proofed” to withstand potential rollbacks by subsequent regulatory administrations.
Senators initiated cloture proceedings on the CLARITY Act before their recess, allowing possible reconsideration when they reconvene in mid-September. Following their return, Congress faces approximately 14 session days before another break preceding November elections, followed by 22 days until the new Congress convenes in 2027.
White House crypto adviser Patrick Witt cautioned that regulators would “let loose” with crypto rulemaking if legislative efforts fail.
The regulatory proposal was originally scheduled for an August 14 SEC meeting, which was unexpectedly cancelled due to what officials described as an “unforeseen scheduling issue.”
Crypto industry representatives responded positively to the announcement. Digital Chamber CEO Cody Carbone noted the SEC had integrated feedback from cryptocurrency companies and committed to continued collaboration with the commission.
The public feedback period commences upon publication in the Federal Register, allowing 60 days for stakeholder input.
The post SEC Unveils Regulation Crypto Assets Framework Following Senate CLARITY Act Setback appeared first on Blockonomi.

Destaques
A Cypherpunk Technologies garantiu uma grande operação de mineração de Zcash da Winklevoss Capital por meio de uma transação de equity de US$ 33,33 milhões
A infraestrutura de mineração gera aproximadamente 4,2 GSol/s, representando quase 18% da taxa de hash total da rede Zcash
A empresa mantém uma posição de 323.394 tokens ZEC, aproximadamente 1,92% da oferta disponível, com ambições de chegar a 5%
O Zcash disparou mais de 1.300% no último ano, embora tenha enfrentado volatilidade recente de preços
A rede implementou sua atualização Ironwood em julho para abordar uma questão crítica de segurança que ameaçava a integridade do ZEC

Principais destaques
A Securitize apresenta o HINC, um fundo de títulos tokenizado com foco em investimentos de alto rendimento, com a Neuberger atuando como subassessora
O veículo de investimento opera em quatro plataformas blockchain distintas: Ethereum, Solana, Avalanche e Sui
A Neuberger supervisiona US$ 230 bilhões em carteiras de renda fixa e US$ 613 bilhões em todas as classes de ativos
O HINC oferece a compradores qualificados acesso a títulos corporativos de alto rendimento, obrigações de empréstimos colateralizados e instrumentos de crédito alavancado
A Securitize ganhou aproximadamente 5% após o anúncio, embora as ações permaneçam mais de 50% abaixo dos níveis máximos registrados desde o seu lançamento no verão

Destaques
O Bitcoin disparou acima de US$ 65.000 na terça-feira, registrando seu maior nível desde meados de agosto, enquanto as ações dos EUA se recuperavam
A VanEck relata que 8 de 12 indicadores de capitulação estão atualmente ativos, apontando para uma possível fase de acumulação
Os ETFs de Bitcoin à vista nos Estados Unidos registraram aproximadamente US$ 300 milhões em entradas líquidas na segunda-feira, marcando o melhor desempenho desde o início de maio
O analista técnico Aksel Kibar identifica US$ 76.000 como um nível-chave de resistência se o atual momento altista continuar

TLDR:
Hedge funds posted their second-largest weekly U.S. equity purchase in 12 months, led by technology stocks.
Single stocks made up about 70% of U.S. net buying, while index futures and ETFs accounted for roughly 30%.
Eight of 11 U.S. sectors were net bought as technology and communication services led hedge fund demand.
Global hedge fund assets hit $5.6 trillion in Q2 after a record $409.3 billion increase, according to HFR.
Hedge funds returned aggressively to U.S. stocks last week, buying equities every session as technology demand drove strong 2026 inflows. Goldman Sachs Prime Brokerage data, highlighted by The Kobeissi Letter, showed the second-largest weekly U.S. equity purchase by hedge funds during the past year.
The buying focused heavily on individual companies rather than broad market exposure, showing managers were rebuilding positions through selected stocks instead of index bets. Single stocks represented roughly 70% of total U.S. net purchases, while macro products, including index futures and ETFs, accounted for the remaining 30%.
BREAKING: Hedge funds purchased US equities in every trading session last week.
In total, this marked their 2nd-largest weekly purchase over the last 12 months.
Single stocks accounted for ~70% of the total, driven primarily by long equity purchases and, to a lesser extent,… pic.twitter.com/4bollwboeE
— The Kobeissi Letter (@KobeissiLetter) August 18, 2026
Most single-stock demand came from new long positions, although short covering also contributed to the increase in exposure. Information technology and communication services attracted the strongest purchases, while eight of the 11 major U.S. sectors recorded net buying.
Meanwhile, short positions in U.S.-listed ETFs declined for a sixth consecutive week, as managers reduced defensive positioning.
Tech Buying Rebounds After July’s Record Hedge Fund Selloff
The renewed demand marked a sharp reversal from July, when Goldman reported the largest cumulative technology-sector selling recorded in its dataset. That earlier retreat followed an aggressive reduction in positions accumulated after the April market lows.
By mid-July, Goldman said managers had sold roughly 75% of the global equities purchased after those lows before earnings season began. Vincent Lin, co-head of Prime Insights and Analytics at Goldman, described the reduction as a crowded-position reset rather than abandoning artificial intelligence exposure.
As a result, the lighter positioning gave managers greater capacity to rebuild technology holdings once earnings results and broader market conditions improved. That renewed appetite coincided with another positive week on Wall Street, further supporting the return of institutional buying.
During the week ended August 14, the S&P 500 gained 0.4%, while the Nasdaq Composite advanced 0.1%. Both indexes consequently recorded their third consecutive weekly gains. Moreover, the S&P 500 reached a record closing high of 7,798.99 on August 13.
At the same time, stronger technology demand was not limited to hedge funds. State Street custody data showed demand for U.S. information-technology stocks had climbed to a five-year high over the previous month.
Meanwhile, corporate earnings provided additional support, with roughly 85% of S&P 500 companies reporting second-quarter results by mid-August exceeding earnings estimates, according to Reuters.
Hedge Fund Assets Rise as Stock Exposure Trails Early 2026 Levels
Alongside stronger earnings, hedge funds entered the rebound with considerably more capital available for deployment. HFR reported that global hedge fund assets increased by a record $409.3 billion during the second quarter, reaching $5.6 trillion.
Of that increase, performance gains contributed $364 billion, while estimated net investor inflows added another $45.2 billion. However, the additional capital has not yet pushed equity positioning back to early-2026 levels.
Goldman’s chart showed that cumulative single-stock trading flows remained below where they started the year. Therefore, the latest buying wave represents a significant rebuilding of exposure rather than a return to peak positioning.
However, that renewed appetite for risk quickly faced a market test. On August 18, the S&P 500 fell 0.67%, while the Nasdaq dropped 1.31%.
Rising Treasury yields and renewed semiconductor selling weighed on growth stocks, reversing some of the conditions that had supported the previous week’s technology-led advance.
Nevertheless, the latest positioning data showed that hedge funds had moved decisively back into U.S. stocks before Tuesday’s decline. Technology remained at the center of that renewed exposure, marking a clear reversal from the sector’s heavy selling earlier in the summer.
The post Hedge Funds Double Down on U.S. Stocks as Tech Buying Surges appeared first on Blockonomi.

TLDR:
A SEC propôs uma isenção de cripto de Nível 2 que permitiria que emissores elegíveis levantassem até US$ 75 milhões em 12 meses.
Uma isenção para startups permitiria que ofertas cripto cobertas levantassem até US$ 5 milhões ao longo de um período máximo de quatro anos.
O Nível 1 limitaria o financiamento isento a US$ 20 milhões por ano, enquanto o Nível 2 exigiria demonstrações financeiras auditadas.
A área de “porto seguro” para tokens poderia encerrar o tratamento de contrato de investimento após os esforços gerenciais prometidos serem concluídos.
A Comissão de Valores Mobiliários dos EUA (SEC) propôs uma estrutura para captação de recursos em cripto, estabelecendo novas rotas para projetos de ativos digitais elegíveis levantarem capital sem registro integral na Lei de Valores Mobiliários.

Em resumo
As ações da Mercury Systems despencam após os resultados do 4T, apesar de uma receita recorde de US$ 290 milhões.
MRCY cai 14,29% após o expediente, à medida que os lucros trimestrais enfraquecem apesar de vendas recordes.
A Mercury Systems registra reservas recordes de US$ 660 milhões, com a carteira subindo acima de US$ 1,9 bilhão.
A MRCY informa receita trimestral de US$ 290 milhões, mas o lucro por ação (EPS) ajustado cai para US$ 0,37.
A Mercury Systems aumenta sua orientação de crescimento orgânico após uma demanda recorde no 4T fiscal.
As ações da Mercury Systems (MRCY) caíram acentuadamente depois que a empresa de tecnologia para defesa divulgou resultados mistos no quarto trimestre e no ano fiscal de 2026. As ações fecharam a US$ 105,00, queda de 7,37%, antes de despencarem mais 14,29% para US$ 90,00 após o expediente. A queda ocorreu apesar de receita trimestral recorde, reservas, carteira e expectativas mais fortes para crescimento orgânico.

TLDR
As ações da Polaris caem 0,29% para US$ 68,14 apesar de uma vitória histórica de Vegas para Reno.
Brock Heger entrega à Polaris RZR Factory Racing sua primeira vitória em Vegas para Reno.
Heger termina em sétimo geral contra caminhões poderosos depois de vencer na UTV Pro.
A Polaris garante seis colocações no top-10 na UTV Pro na exigente corrida de 505 milhas pelo deserto.
A RZR Factory Racing agora volta sua atenção para a Baja 400 marcada para setembro.
As ações da Polaris Inc. (PII) caíram na terça-feira, já que a equipe RZR Factory Racing da empresa garantiu uma vitória histórica de Vegas para Reno. As ações da Polaris foram negociadas a US$ 68,14, queda de 0,29%, após se recuperar de uma mínima durante o dia perto de US$ 67,10. Enquanto isso, Brock Heger entregou a primeira vitória da equipe no evento a bordo do RZR Pro R Factory.

TLDR
Ações da FreeCast disparam 147% após aquisição do Canal de Notícias para Investidores
A FreeCast obtém controle total do Canal de Notícias para Investidores e de sua plataforma digital
O Canal de Notícias para Investidores mira no lançamento de uma rede global FAST de 24/7 em novembro
A FreeCast planeja compartilhamento de receitas com criadores de conteúdo financeiros e corporativos
A alta do CAST acelera à medida que a FreeCast expande seu modelo de streaming e publicidade
As ações da FreeCast (CAST) dispararam 147,15% para US$ 2,1250 após a empresa adquirir o controle total do Canal de Notícias para Investidores. A empresa de tecnologia de streaming planeja relançar o veículo de mídia financeira como uma rede FAST global de 24/7. A forte alta levou o CAST de abaixo de US$ 1,00 aos seus máximos da sessão na terça-feira.

TLDR
As ações da BLLN caem 4,54% à medida que a BillionToOne divulga dados sólidos de triagem pré-natal.
Novo estudo dá à BillionToOne 94,4% de sensibilidade em gestações de risco geral.
O Unity Fetal Risk Screen apresenta 99,5% de especificidade e valor negativo superior a 99,9%.
A BillionToOne amplia a triagem pré-natal após resultados fortes de nove unidades dos EUA.
As ações da BLLN continuam sob pressão enquanto a empresa adiciona novas evidências clínicas.
As ações da BLLN caíram 4,54% para US$ 89,65 após a empresa anunciar novos resultados de triagem pré-natal. O estudo reportou 94,4% de sensibilidade e 99,5% de especificidade para o Unity Fetal Risk Screen em gestações de risco geral. Enquanto isso, os achados clínicos fortalecem o argumento da empresa para o uso mais amplo da avaliação de risco fetal por cfDNA.