Crypto Breaking

Fidelity Digital Assets has cautioned that Bitcoin’s strong August performance does not necessarily mean the cryptocurrency’s broader bear market has ended. While the latest rally has improved market conditions, the firm said investors should still consider the possibility of another market bottom later this year.
Bitcoin posted its strongest monthly gain since late 2024 during August, while Ethereum and other major cryptocurrencies also recorded substantial advances. The move has led some investors to argue that the market may have already established a bottom.
Key Takeaways
Fidelity said Bitcoin’s bear market may not be over despite its strong August recovery.
The four-year cycle model places potential attention on November 2026, although Fidelity stressed that the pattern is not a reliable timing tool.
Bitcoin gained more than 25% during the third week of August, while Ethereum and Solana rose 34.1% and 28%, respectively.
Growing stablecoin activity, real-world asset adoption, institutional participation, and regulatory developments could support a broader recovery.
Four-Year Cycle Keeps November in Focus
Fidelity’s latest digital asset outlook points to Bitcoin’s historical market cycles as one reason investors remain cautious.
Bitcoin’s previous major bear market bottom occurred in November 2022. If the roughly four-year pattern were to repeat, another potential bottom could emerge around November 2026.
However, Fidelity emphasized that investors should not treat the cycle as a precise forecasting model. Bitcoin’s historical cycles have not consistently lasted exactly four years, meaning the market could have already bottomed in July or could experience another decline later in the year.
Chris Kuiper, vice president of research at Fidelity Digital Assets, said the broader significance of the cycle may be connected to how cryptocurrency adoption develops.
“The more important point for investors is that adoption of digital assets has happened in waves, which can perpetuate cycles. In light of this, having a long-term perspective and holding period is what has historically been the most beneficial for investors.” He noted.
August Rally Provides Evidence of a Possible Shift
Fidelity also identified several developments that could support the argument that the market is moving away from its bearish phase.
Bitcoin spent much of the third quarter in relatively subdued trading before volatility increased sharply in late August. During the third week alone, Bitcoin rose more than 25%, while Ethereum gained 34.1% and Solana advanced 28%.
According to Fidelity, previous Bitcoin bear markets have sometimes ended after a period of subdued volatility followed by a sharp expansion in price activity.
Kuiper said the period from June through mid-August showed signs that selling pressure had weakened and that several digital assets were trading toward the lower end of their historical valuation ranges.
The subsequent price expansion therefore represents one factor that could indicate the market is approaching a turning point. Fidelity, however, stopped short of treating the rally as confirmation of a new bull market.
Esewhere, crypto analyst Darkfost described Bitcoin as being at a “tipping point between a genuine bullish recovery and a continuation of the correction.”
According to the analyst, futures activity is currently helping drive market movements while spot demand has declined. Darkfost said speculation can produce short-term price movements, but sustained momentum would require stronger spot buying to develop alongside derivatives activity.
“The balance remains and still leans towards buyers. But the question is, what type of buyers are driving the market? Speculation can trigger movement, but for momentum to become sustainable, spot demand must synchronize,” the analyst noted.
This chart perfectly illustrates the divergence currently at play on BTC today.
We’re paying closer attention to it because everyone knows Bitcoin is now sitting at the tipping point between a genuine bullish recovery and a continuation of the correction.
Right now, it’s… pic.twitter.com/SQUiQd6MGT
— Darkfost (@Darkfost_Coc) September 3, 2026
Regulation and Institutional Demand Remain Important
Fidelity identified regulatory progress, institutional adoption, monetary policy, and new cryptocurrency use cases as potential factors that could influence the next phase of the market.
In the United States, attention remains focused on the CLARITY Act, which seeks to establish clearer regulatory responsibilities for digital assets. The legislation has passed the House and remains under consideration in the Senate.
The SEC has also proposed a new regulatory framework that could provide exemptions from securities registration requirements for certain early-stage crypto asset offerings. The proposal remains subject to public comment.
What to Watch Next
Bitcoin’s August recovery has improved the market’s outlook, but Fidelity’s assessment suggests that investors should not assume the bear market is definitively over.
The next phase will depend on whether higher prices are supported by sustained adoption, institutional participation, and spot market demand rather than short-term volatility alone.
For now, November remains a date watched by investors following the four-year cycle thesis, while Fidelity continues to stress that historical patterns should not be used as a precise method for timing Bitcoin’s market bottom.
This article was originally published as Fidelity Warns Bitcoin’s Bear Market May Not Be Over Despite August Rall on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Chainlink’s LINK token has climbed nearly 50% over the past month, with the latest rally pushing its price above $12 as partnerships with financial institutions and U.S. government entities strengthens the market’s focus on the network’s role in traditional finance.
LINK gained about 8% in 24 hours on September 4, bringing its market capitalization to roughly $9 billion and placing it among the largest crypto assets by market value. The move has coincided with a broader crypto recovery but has also been supported by several developments involving Chainlink’s infrastructure.
Key Takeaways
LINK has gained nearly 50% in one month and recently moved above $12.
Chainlink partnered with Bottomline, which serves more than 600 banks and processes over $16 trillion in annual payments.
The U.S. Department of Commerce is using Chainlink infrastructure to bring selected economic data onchain.
Wyoming has expanded its use of Chainlink for its state-issued stablecoin, while Standard Chartered sees LINK reaching $200 by 2030.
Chainlink Expands Its Connection To Banking Infrastructure
On September 3, when Chainlink announced a strategic partnership with Bottomline, a major provider of payment technology used by hundreds of banks, the news added momentum.
Bottomline’s platforms reportedly process more than $16 trillion in payments each year and serve over 600 banks.
Through the agreement, Chainlink will provide an interoperability layer designed to connect existing payment systems with both public and private blockchains.
Notably, the integration is intended to allow financial institutions to use ISO 20022 messages to interact with blockchain-based payment infrastructure without having to build separate connections for individual networks.
The development adds to Chainlink’s growing involvement in financial infrastructure as banks and other institutions explore blockchain-based settlement and tokenized assets.
“Bottomline moves more than $16 trillion in payments annually across its platforms. Through the partnership, Chainlink is providing the secure interop and orchestration layer connecting Bottomline’s existing payment infrastructure to public and private blockchains.” Chainlink tweeted.
NEW: Top-three Swift service provider, Bottomline, has entered a strategic partnership with Chainlink to unlock cross-chain, cross-border payments for its 600+ bank customers.
Bottomline moves more than $16 trillion in payments annually across its platforms.
Through the… pic.twitter.com/jnpgCdoSCs
— Chainlink (@chainlink) September 3, 2026
U.S. Government Data Moves Toward The Blockchain
Chainlink has also gained exposure to a U.S. government initiative. On September 1, the project announced that the Department of Commerce would use its infrastructure to make selected economic data available onchain.
The data includes real gross domestic product, the personal consumption expenditures price index and actual final sales to domestic private domestic buyers.
The initiative could allow blockchain applications connected to Chainlink’s infrastructure to access updated government economic data, creating another potential use case for decentralized data delivery.
The U.S. Department of Commerce is leveraging Chainlink to bring key government macroeconomic data onchain:
• Real GDP
• PCE Price Index
• Real Final Sales to Private Domestic Purchasers
Chainlink @CommerceGov pic.twitter.com/rxxNdGmeoA
— Chainlink (@chainlink) September 1, 2026
Wyoming Deepens Chainlink Stablecoin Integration
Moreover, Wyoming has also
This article was originally published as Link Nears 50% Monthly Gain After Major Banking And Government Deals on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Cardano founder Charles Hoskinson has warned that crypto executives closely associated with the Trump administration could face greater political scrutiny if Democrats make significant gains in the 2026 U.S. midterm elections.
Hoskinson made the comments after being questioned over his absence from a recent White House meeting attended by several prominent figures from the cryptocurrency industry. The gathering focused on digital asset policy and efforts to advance U.S. crypto legislation, including the CLARITY Act.
Key Takeaways
Charles Hoskinson warned that some crypto executives could face investigations if Democrats gain power after the 2026 midterms.
His comments followed criticism that the Cardano founder was not included in a recent White House crypto gathering.
Ripple CEO Brad Garlinghouse and other major industry figures attended the meeting with Trump administration officials.
President Donald Trump has continued to position the U.S. as a global center for financial innovation while his administration has moved to reverse policies that the crypto industry viewed as restrictive.
Hoskinson Responds to Criticism Over White House Absence
The controversy began after a user commented that Hoskinson appeared to have been left out of the White House gathering.
The comment followed a September 3 post from CFTC Chairman Mike Selig, who shared photographs from the meeting and highlighted the administration’s efforts to develop the digital asset industry in the United States.
Notably, the gathering brought together several prominent figures from the crypto and financial sectors, including Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, Kraken co-CEO Arjun Sethi, Gemini co-founders Tyler and Cameron Winklevoss, and Chainlink co-founder Sergey Nazarov.
Hoskinson responded with a warning about what could happen if political control changes after the midterms.
“I’ll sit this one out and pick up the pieces after the Republicans get destroyed in the Midterms and half the people in that picture are being investigated by the newly empowered Democrats”
I'll sit this one out and pick up the pieces after the Republicans get destroyed in the Midterms and half the people in that picture are being investigated by the newly empowered Democrats
— Charles Hoskinson (@IOHK_Charles) September 3, 2026
Crypto’s Relationship With Trump Remains Politically Significant
Hoskinson’s comments come as the cryptocurrency industry has developed a significantly closer relationship with the Trump administration.
Trump has repeatedly pledged to make the United States a leading destination for financial and digital asset innovation. His administration has also pursued policies intended to move away from what the industry viewed as aggressive regulatory pressure under the previous administration.
One notable area has been the administration’s response to Operation Choke Point 2.0, a term widely used by crypto companies and industry advocates to describe alleged efforts by financial regulators to discourage banks from providing services to digital asset businesses.
The Trump administration has positioned itself as opposing such restrictions and has said it wants to ensure financial institutions do not improperly deny access to banking services based on lawful business activities.
That policy direction has helped strengthen ties between Washington and major crypto companies.
Hoskinson Remains Critical of the CLARITY Act
Meanwhile, despite the industry’s closer relationship with the administration, Hoskinson has remained critical of parts of the Republican-led approach to crypto legislation.
The Cardano founder has repeatedly expressed concerns about the CLARITY Act and the political divisions surrounding digital asset regulation. He has argued that crypto should not become identified exclusively with one political party.
That concern is particularly relevant as several of the industry’s most recognizable executives have become increasingly visible alongside Republican officials.
Hoskinson has previously argued that political association could create problems for the broader industry if control of Congress changes.
Trump Continues to Promote Financial Innovation
The political divide comes as Trump continues to promote the United States as a hub for financial innovation.
In May, the White House announced measures aimed at strengthening the financial system while also emphasizing America’s role in financial innovation. The administration said its policies were intended to preserve U.S. leadership in emerging financial technologies.
The White House has also sought to reverse regulatory approaches that crypto advocates described as hostile to the industry, including policies associated with
This article was originally published as Cardano Founder Warns Trump-Linked Crypto Executives May Come Under Scrutiny After Midterms on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Bitcoin’s latest recovery is encountering increased profit-taking activity as short-term holders have transferred approximately 467,000 BTC, worth about $35.4 billion, to exchanges since August 17.
The shift comes as Bitcoin recently tested the $82,000 level while institutional demand through spot ETFs remains strong.
Bitcoin climbed roughly 4% over the course of September 3–4 before pulling back. At the time of writing, the cryptocurrency was trading around $79,673, reflecting a 0.41% drop over the past 24 hours.
Key Takeaways
Short-term holders have sent approximately 467,000 BTC worth $35.4 billion to exchanges since August 17.
The share of profitable Bitcoin exchange inflows increased from 35% to 92% after August 20.
Short-term holders are currently depositing around 27,500 BTC per day, about 29% above the previous three-month average.
Bitcoin ETF demand remains a counterweight, with approximately $730 million flowing into spot Bitcoin ETFs during the latest trading session.
Bitcoin Tests $82,000 as Selling Activity Changes
Bitcoin’s recent move higher has brought the cryptocurrency back toward levels last seen earlier in the year. The asset tested $82,000 between September 3 and 4 before giving up part of the advance.
The move occurred alongside a significant increase in demand for U.S.-listed spot Bitcoin ETFs. The products attracted approximately $730 million during the previous trading session, according to the market data cited in recent coverage.
However, the on-chain picture suggests that the rally is also giving some investors an opportunity to lock in profits.
CryptoQuant said short-term holders have moved from a period of capitulation toward profit-taking as Bitcoin recovered from its recent weakness.
“Bitcoin Short-Term Holders (STH) flipped from Capitulation to Profit-Taking. Since August 17, Short-Term Holders sent ~467K BTC ($35.4B) to exchanges. The key shift: profitable coins now dominate these flows.”
Bitcoin Short-Term Holders (STH) flipped from Capitulation to Profit-Taking.
Since August 17, Short-Term Holders sent ~467K BTC ($35.4B) to exchanges.
The key shift: profitable coins now dominate these flows. pic.twitter.com/WUZAsFxDWw
— CryptoQuant.com (@cryptoquant_com) September 4, 2026
The distinction is important because exchange deposits can reflect different market conditions depending on whether the coins are being transferred at a profit or a loss.
Profitable Exchange Inflows Rise Sharply
CryptoQuant’s data shows a substantial change in the profitability of Bitcoin entering exchanges.
When Bitcoin was trading below the short-term holder realized price, only around 35% of exchange inflows were in profit. Since August 20, that proportion has climbed to approximately 92%.
This suggests that the current wave of exchange transfers is being driven predominantly by holders who acquired Bitcoin at lower prices and are now sitting on unrealized gains.
The shift followed Bitcoin’s recovery above the short-term holder realized price of approximately $67,600. CryptoQuant said the cost basis for this group subsequently increased to around $70,600 within 15 days.
As newer market participants entered at progressively higher prices, their unrealized gains increased alongside Bitcoin’s recovery.
Daily Bitcoin Deposits Remain Above Average
The increase in profit-taking is also reflected in daily exchange activity.
CryptoQuant estimates that short-term holders are currently sending approximately 27,500 BTC to exchanges each day, representing around $2.2 billion based on the firm’s calculations.
That daily flow is approximately 29% higher than the previous three-month average, indicating that short-term holder activity has become more pronounced during the recovery.
Despite the elevated deposits, Bitcoin has continued to trade at higher levels. This suggests that demand has so far been sufficient to absorb much of the Bitcoin being transferred toward exchanges.
CryptoQuant also placed the short-term holder MVRV ratio at 1.15, meaning the average investor within this group has an estimated unrealized profit of about 15%. Historically, the firm has observed that readings above 1.19 have accompanied more durable rallies, while levels below 1.12 have tended to coincide with shorter-lived moves.
ETF Demand Provides a Counterweight
The increase in short-term holder selling is occurring alongside strong demand from spot Bitcoin ETFs.
The approximately $730 million recorded during the latest trading session represents a significant inflow and provides an important source of demand while other market participants are realizing gains.
This creates a contrasting flow pattern.
Source: SosoValue
Short-term holders are moving profitable Bitcoin toward exchanges, potentially increasing available supply, while ETF investors are directing fresh capital into Bitcoin exposure.
The ability of demand to absorb these coins has so far allowed the market to maintain its recovery.
What to Watch Next as Profit-Taking Increases
The key question is whether Bitcoin can continue absorbing elevated exchange deposits if short-term holders maintain their current pace of profit-taking.
The latest CryptoQuant data does not establish that the rally has ended. Instead, it shows that the character of selling has changed from capitulation toward profit realization.
Investors will likely watch short-term holder exchange flows, the $70,600 realized-price level, and continued ETF demand for indications of how the balance between available supply and new buying develops.
This article was originally published as Bitcoin Rally Faces Profit-Taking Pressure as Short-Term Holders Deposit 467,000 BTC to Exchanges on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Poland’s lawmakers have again fallen short of the supermajority required to overturn President Karol Nawrocki’s veto of a bill intended to tighten crypto oversight. On Friday, the Sejm voted 241-198 to override the veto, but with three abstentions the measure missed the 266 votes needed by 25—marking yet another failed push to set a national framework for applying the EU’s Markets in Crypto-Assets Regulation (MiCA).
The renewed vote comes as Poland grapples with fallout from the Zondacrypto scandal. The case has widened amid bankruptcy proceedings against Zondacrypto’s Estonian operator and references by Prime Minister Donald Tusk to testimony alleging improper attempts to influence political figures.
Key takeaways
The Sejm’s override attempt failed 25 votes short of the 266 needed for passage, leaving Nawrocki’s veto in place.
The bill would have assigned crypto market supervision to Poland’s Financial Supervision Authority (KNF) as MiCA applies across the EU.
KNF has said Poland still lacks a designated authority responsible for supervising cryptoassets, despite MiCA already taking effect in the EU.
Meanwhile, prosecutors are investigating alleged fraud and money laundering tied to Zondacrypto, with losses previously estimated at no less than 350 million PLN.
Zondacrypto’s operator, BB Trade Estonia, was declared bankrupt by an Estonian court, according to the public notice released in August.
A veto override misses the threshold again
Friday’s parliamentary vote was the latest attempt to advance Poland’s crypto regulatory plan after Nawrocki vetoed related legislation three times, arguing the rules would overregulate the industry. The president has said he supports regulating crypto but believes the bill’s approach goes too far, including concerns about compliance costs and the authorities’ ability to block websites.
In the Sejm’s vote, lawmakers backed the override 241-198, with three abstentions. The constitutional requirement of a three-fifths majority was therefore not met, preventing the bill from moving forward despite parliamentary support.
For market participants, the repeated vetoes underline a central uncertainty: while MiCA is the EU-wide backbone, domestic legislation is still needed to determine who will supervise crypto activity and enforce the rules in practice. Without that clarity, firms may face continued regulatory ambiguity around licensing, oversight procedures, and enforcement coordination.
Poland still has no designated crypto supervisor under MiCA
At the heart of the dispute is how MiCA should be implemented in Poland. The vetoed legislation aimed to establish Poland’s national framework for applying MiCA, including placing oversight of the crypto market under the Polish Financial Supervision Authority (KNF).
KNF said Friday that Poland still lacks a designated authority responsible for supervising the cryptoasset market, despite MiCA already applying across the European Union. The statement is significant because MiCA’s effectiveness for businesses depends not only on EU-level rules but also on national enforcement structures and supervisory responsibilities.
Nawrocki’s position contrasts with the urgency emphasized by regulators and government stakeholders. While the president does not oppose crypto oversight outright, his vetoes repeatedly cite concerns that the proposed Polish framework would impose excessive burdens or grant powers he views as too broad.
Investors and crypto firms watching Poland should pay attention to how this supervisory gap is handled in the absence of an operational national regime. The longer Poland remains without a designated supervisor, the more likely it becomes that compliance and enforcement decisions could be delayed or fragmented compared with other EU member states that have already implemented their supervisory arrangements.
Zondacrypto investigation expands as operator heads to bankruptcy
Friday’s parliamentary vote took place against the backdrop of a deepening criminal investigation linked to the failed crypto exchange Zondacrypto. Prime Minister Donald Tusk disclosed excerpts from what he described as testimony from a key witness, alleging payments and attempts to influence politicians connected to Poland’s previous government.
Tusk said the witness alleged a 2 million Polish zloty ($550,000) payment arrangement involving a foundation linked to former Justice Minister Zbigniew Ziobro. In separate testimony cited by Tusk, the witness alleged an unnamed person promised to secure a presidential pardon if the witness were convicted.
Polish prosecutors are investigating suspected fraud and money laundering connected to Zondacrypto. Earlier in the process, prosecutors merged the Zondacrypto case with a probe into the 2022 disappearance of Sylwester Suszek, founder of BitBay, which was later renamed Zondacrypto.
Prosecutors in April estimated that losses linked to Zondacrypto were no less than 350 million PLN ($95 million). Such figures are likely to keep pressure on policymakers to strengthen oversight and enforcement mechanisms—particularly around exchanges and custody-related risks.
In parallel with the criminal investigations, the exchange’s operator, BB Trade Estonia, has been pushed toward formal insolvency. An Estonian court declared the company bankrupt in August, with the first creditors’ meeting scheduled for Sept. 17, according to a public notice.
For users and creditors, bankruptcy can shift priorities from tracing wrongdoing toward asset recovery and claims verification. For regulators and legislators, the Zondacrypto episode adds urgency to establishing clear oversight structures—especially if supervisory authorities are expected to monitor compliance risks that failed entities allegedly exploited.
Why the regulatory fight matters beyond one country
Poland’s standoff is not just a domestic political contest. It highlights a broader tension in the EU’s post-MiCA transition: even when the rulebook is defined at the European level, member states still control the speed and structure of enforcement through domestic legislation and supervisory mandates.
With KNF previously stating that a designated authority for supervising cryptoassets is still missing, the impact is practical. Firms aiming to comply with MiCA may find it difficult to map responsibilities when the supervisor’s role is uncertain, while regulators may face challenges coordinating enforcement without a clear institutional lead.
The Zondacrypto case also raises the political salience of crypto oversight. As criminal investigations expand and insolvency proceedings develop, policymakers may come under increased pressure to align regulatory authority, investigative capacity, and compliance requirements—particularly for platforms operating at the center of investor funds and custody arrangements.
What readers should watch next is whether lawmakers attempt another override vote or if the government and regulators pursue an alternative path to assign supervisory responsibility. The key uncertainty remains who will ultimately supervise cryptoassets in Poland as MiCA obligations move from EU law into day-to-day enforcement.
This article was originally published as Poland Rejects Crypto Bill Veto as Zondacrypto Scandal Expands on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Poland’s lawmakers have once again fallen short of the supermajority needed to overturn President Karol Nawrocki’s veto of a bill intended to tighten oversight of the country’s crypto market. On Friday, the Sejm voted 241–198 in favor of overriding the veto, with three abstentions, leaving the proposal 25 votes short of the 266 required for passage.
The vote was the latest attempt to move the legislation forward after Nawrocki vetoed similar crypto rules three separate times, arguing the draft would impose excessive constraints on the industry. The renewed push comes as Prime Minister Donald Tusk highlights an expanding criminal investigation tied to the defunct exchange Zondacrypto—an issue that has added urgency for regulators and lawmakers to formalize a clearer supervisory framework.
Key takeaways
The Sejm’s 241–198 vote confirms support for overriding the president, but it still missed the three-fifths threshold by 25 votes.
Poland still does not have a designated national supervisor for cryptoassets under the proposed framework, despite the EU’s MiCA regime already applying across member states.
Nawrocki’s vetoes rest on concerns about regulatory overreach, including compliance costs and powers that could be used to block websites.
Tusk’s renewed statements tie the oversight debate to the continuing Zondacrypto scandal, including alleged political influence and financial arrangements.
A failed veto override keeps Poland’s crypto oversight in limbo
The bill at the center of Friday’s vote is designed to establish Poland’s national approach for applying the EU’s Markets in Crypto-Assets Regulation (MiCA). The proposal would place supervision of the cryptoasset market under the Polish Financial Supervision Authority (KNF), giving domestic regulators a clear mandate to enforce relevant rules.
Even though MiCA is already in force across the EU, Poland’s legislative process has not yet delivered the required national structure. KNF said on Friday that the country still lacks an authority responsible for supervising the cryptoasset market, a gap that matters for market participants because enforcement and supervision responsibilities must be assigned domestically rather than handled only at the EU level.
KNF warns of a missing supervisor as MiCA already applies
KNF’s statement underscores a practical problem: MiCA sets the framework, but supervision in each jurisdiction depends on the domestic rules and institutions that implement and enforce it. Without a properly designated national regulator, compliance questions can become harder for businesses, and regulatory clarity for users can remain incomplete.
That regulatory vacuum is exactly what the vetoed legislation attempted to fix—by anchoring crypto supervision within KNF. By failing to reach the vote threshold required to overturn Nawrocki, Poland remains without that assigned authority, leaving the market awaiting a clearer chain of responsibility.
Why Nawrocki continues to veto: costs and enforcement powers
Nawrocki has repeatedly argued that the draft goes too far. In earlier coverage of the president’s second and third vetoes, the president’s concerns were described as including regulatory costs for the industry and provisions that could grant authorities powers to block websites.
Supporters of the override, meanwhile, appear to treat the bill as necessary not only for compliance with MiCA but also for protecting consumers and improving oversight—especially in the wake of high-profile failures in the crypto sector.
Zondacrypto pressures the debate as prosecutors expand investigations
The political conflict over crypto regulation is playing out alongside the Zondacrypto fallout. Tusk has urged tighter oversight by citing what he described as testimony from a key witness connected to the investigation, including claims about payments and attempted influence reaching into Poland’s previous government.
In excerpts Tusk disclosed ahead of Friday’s vote, he alleged that the witness described a 2 million Polish zloty (about $550,000) payment arrangement involving a foundation linked to former Justice Minister Zbigniew Ziobro. Tusk also cited other testimony in which an unnamed person allegedly promised a presidential pardon in exchange for the witness’s conviction outcome.
Meanwhile, prosecutors are investigating suspected fraud and money laundering related to Zondacrypto. In July, they merged the case with an inquiry tied to the 2022 disappearance of Sylwester Suszek, the founder of BitBay—later renamed Zondacrypto—according to a Polish government disclosure referenced in the reporting.
Loss estimates cited by prosecutors place damages linked to Zondacrypto at no less than 350 million Polish zlotys (about $95 million), reflecting the scale of the case that regulators say should heighten the need for effective oversight.
Bankruptcy proceedings begin, but political scrutiny continues
Zondacrypto’s operator, BB Trade Estonia, was declared bankrupt by an Estonian court in August, with the first creditors’ meeting scheduled for Sept. 17. The bankruptcy adds another layer to the oversight debate: as insolvency processes unfold, creditors and affected users typically look for clearer accountability and stronger regulatory barriers to reduce the risk of similar failures.
Yet the veto override failure suggests that even in the face of an escalating investigation and a visible market fallout, political agreement in Poland remains difficult—particularly when the president argues that the proposed rules would be overly burdensome or grant enforcement powers he considers too sweeping.
Next, Poland’s lawmakers will likely have to decide whether to revisit the same bill with changes that address the veto concerns while still meeting the core need identified by KNF: assigning a domestic authority to supervise cryptoassets under MiCA. Readers should watch whether future Sejm attempts can reach the three-fifths threshold—and how the Zondacrypto investigation developments shape the urgency of the legislation.
This article was originally published as Poland Keeps Crypto Bill Veto as Zondacrypto Probe Expands on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

US-listed spot Bitcoin exchange-traded funds (ETFs) extended a late-summer demand surge, logging their strongest three-week stretch of 2026. The rebound coincided with Bitcoin trading around the $80,000 level, with weekly inflows accelerating into the week ending Friday.
SoSoValue data shows the funds pulled in $986.9 million during the week ending Friday. That pushed cumulative net inflows over the past three weeks to $3.8 billion. Total net assets across the suite were $101.3 billion on Friday, after rising to $103.3 billion the prior day. Since inception, cumulative net inflows reached $55.6 billion.
Key takeaways
US spot Bitcoin ETFs attracted $986.9 million in the week ending Friday, lifting three-week net inflows to $3.8 billion.
Friday’s total net inflow was $174.6 million, down from a much larger Thursday surge of nearly $731 million.
BlackRock’s IBIT led demand with $117.4 million on Friday, about 67% of that day’s inflows, per Farside Investors.
Bitcoin ETF momentum is improving versus the prior week, but year-to-date flows remain about $1 billion negative, reflecting lingering uncertainty from earlier 2026 outflows.
While Bitcoin inflows strengthened, spot Ether and XRP ETF flows fell sharply on a weekly basis.
Three-week rebound highlights a demand shift
The latest inflow sequence represents a significant improvement from earlier in 2026, when spot Bitcoin ETFs experienced heavy outflows. The contrast matters for market participants tracking whether institutional demand is broadening or simply reacting to short-term price moves.
According to SoSoValue, the three-week net inflow total of $3.8 billion is far more consistent than the earlier part of the year. Still, the broader picture remains mixed: year-to-date net flows are reported to be roughly $1 billion negative. That implies the ETF complex is recovering, but not fully reversing the cumulative drain from prior months.
Net asset values also underline the pace of the recovery. Total net assets across the US-listed spot Bitcoin ETFs stood at $101.3 billion on Friday, following a brief bump to $103.3 billion on Thursday.
Friday inflows cool after Thursday’s spike
Demand didn’t maintain Thursday’s intensity. US spot Bitcoin ETFs recorded $174.6 million in net inflows on Friday, according to the reporting in the week’s flow recap. That figure was a sharp drop from the nearly $731 million recorded a day earlier, as referenced by earlier market coverage linked in the source.
Within the broader total, BlackRock’s iShares Bitcoin Trust (IBIT) remained the dominant driver. Farside Investors data cited in the source shows IBIT received $117.4 million on Friday, contributing about 67% of the day’s net inflows.
Elsewhere, Fidelity’s Wise Origin Bitcoin Fund (FBTC) was the only other fund to post net inflows, attracting $57.2 million. All other US spot Bitcoin ETFs recorded no net flows for the day, highlighting how concentrated inflow activity can be even in a strong overall period.
Price action also provides context for the flow pattern. Bitcoin slid from around $81,200 to briefly under $79,000 on Friday. At the time of publication, Bitcoin traded at $79,716, up about 2.6% over the prior seven days, based on CoinGecko data included in the source.
Rotation away from Ether and XRP ETFs
The rebound in Bitcoin ETF inflows came alongside a noticeable weakening in other crypto-asset ETF demand. Compared with the previous week, Bitcoin ETF inflows were up by about 7%, while flows into US spot Ether and XRP ETFs fell by roughly 74% and 83%, respectively, based on SoSoValue figures.
SoSoValue shows spot Ether ETF inflows dropped to $218.4 million from $824.4 million a week earlier. For XRP, inflows declined to $19 million from $110.5 million over the same comparison period.
Despite the weekly pullback, both Ether and XRP ETF products remain net positive for the year. SoSoValue data cited in the source indicates US spot Ether ETFs have recorded about $863 million in net inflows year-to-date, while XRP ETFs have attracted roughly $515 million.
This divergence is a useful signal for investors: even when institutional allocation preferences shift, it often happens unevenly across asset classes rather than uniformly. For traders and allocators, the key is whether the Bitcoin-specific demand trend continues long enough to further erode earlier negative year-to-date positioning.
What to watch next as flows become the focus
With Bitcoin ETF inflows showing resilience after earlier outflows, the next question is whether the complex can sustain inflow momentum beyond this three-week window—especially given Friday’s cooling versus Thursday’s outsized day. Investors should watch for whether IBIT and FBTC continue to concentrate the bulk of inflows, and whether Ether and XRP ETFs remain under pressure or stabilize after their recent weekly declines.
This article was originally published as Bitcoin Spot ETF Inflows Reach $3.8B in Peak Three-Week Run of 2026 on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

AMC Entertainment CEO Adam Aron has publicly challenged Robinhood’s tokenized stock offerings, calling them “outrageous” and stating AMC has no affiliation with the platform’s products. Aron said Robinhood will face an investigation by outside securities counsel.
Aron’s comments add to a growing wave of attention directed at tokenized stock products—blockchain-based instruments designed to track the value of traditional equities. The dispute arrives amid earlier disruptions where crypto platforms pulled back from tokenized IPO campaigns, underscoring how legal and operational questions continue to surround the sector.
Key takeaways
Adam Aron says AMC has no affiliation with Robinhood’s tokenized stock offerings and called them “outrageous.”
Aron said Robinhood will request scrutiny from its outside securities counsel and suggested restrictions may apply to US and other investors.
Robinhood’s tokenized stock offerings are described as not registered under US securities laws, according to Aron’s remarks.
The broader scrutiny of tokenized stocks follows recent cancellations tied to tokenized IPO access, including SpaceX-related campaigns.
Aron challenges Robinhood’s tokenized AMC exposure
In a Friday post on X, Adam Aron criticized Robinhood’s tokenized stock offering that provides economic exposure to AMC shares. Aron said the company has “no affiliation” with the product and characterized the offering as “outrageous.” He added that Robinhood’s outside securities counsel would investigate the matter.
Aron also indicated that the tokens may not be available to US investors and that they are subject to restrictions in other jurisdictions, citing Canada, Switzerland and the UK.
The remarks are notable not only for their directness, but because they frame the dispute as a regulatory and compliance issue rather than a simple branding or commercial disagreement. If tokenized securities are marketed or structured in ways that investors perceive as linked to the underlying issuer, those concerns can quickly escalate.
For context, tokenized stock products typically aim to mirror the price movement of conventional equities through blockchain-based representations. However, Aron’s comments highlight how questions about registration status, investor eligibility, and issuer affiliation can become central to the legality and reputational impact of these offerings.
Robinhood responds by seeking specifics
Robinhood co-founder and CEO Vlad Tenev responded on X, asking Aron to share his exact concerns tied to the tokenized offering. The platform did not issue a broader public statement in response to the criticism.
Cointelegraph reported that it reached out to Robinhood for comment regarding both Aron’s claims and the regulatory status of its tokenized stock offerings.
That back-and-forth illustrates a recurring tension in tokenized securities: traditional executives may view such instruments as potentially misleading or insufficiently authorized, while token issuers and platforms often argue they are structured under specific legal frameworks. The next step—whether Aron’s concerns translate into formal findings or enforcement action—will likely determine how far this dispute spreads.
Tokenized stock scrutiny follows past operational pullbacks
The Aron–Robinhood episode arrives as tokenized stocks have faced renewed scrutiny in the wake of earlier market disruptions. Earlier in June, some crypto exchanges canceled their tokenized SpaceX IPO allocations and promised refunds.
According to Cointelegraph reporting referenced in the article, platforms including Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns after SpaceX went public on the Nasdaq. Several participants blamed the inability of Kraken-owned xStocks to deliver the underlying assets.
While that SpaceX incident was framed around delivery and execution—rather than issuer affiliation—the underlying theme is similar: tokenized offerings depend on complex relationships between blockchain intermediaries and traditional market infrastructure. When any link breaks, user trust and regulatory scrutiny tend to intensify.
In that light, Aron’s insistence on no affiliation and his emphasis on securities counsel investigation reflect how tokenized products can trigger fast-moving reactions from the companies whose stock they reference, even if platforms believe the economic exposure is properly handled.
Robinhood’s tokenization push has expanded beyond debt-like instruments
Robinhood’s tokenized equities initiative did not appear overnight. The first generation of Robinhood stock tokens launched in July 2026 as tokenized debt securities issued by Jersey-based Robinhood Assets, distributed as ERC-20 tokens. Those tokens were designed to provide economic exposure to underlying assets such as US stocks and exchange-traded funds.
Robinhood has also been building infrastructure to support tokenized assets. In February, the company launched a public testnet for Robinhood Chain, an Ethereum layer-2 network built using Arbitrum technology intended to host tokenized assets.
Further expansion has been reported in prior coverage. In October 2025, Robinhood shared plans to tokenize nearly 500 US stocks and ETFs on Arbitrum. And in July 2026, Bernstein analysts raised their price target on Robinhood Markets, arguing that a next phase of growth would be driven by tokenized equities and prediction markets rather than traditional crypto trading.
Taken together, the sector-wide moment suggests that tokenized securities are moving from experimental phases toward broader rollout—while regulators, issuers, and exchanges continue to test how these products should be structured, marketed, and delivered.
For investors and market participants, Aron’s comments serve as a reminder that tokenization does not eliminate the legal and compliance layers that govern securities markets. Even if a platform believes a product is compliant under one framework, issuer objections can still raise practical questions about authorization, disclosures, and eligibility for different investor regions.
Readers should watch whether Robinhood clarifies the precise legal basis for its tokenized stock offerings, and whether Aron’s complaint leads to formal regulatory engagement or other enforcement steps. Just as importantly, the industry will be looking for whether prior delivery-related issues in tokenized IPO campaigns repeat in other tokenized equity products—or whether platforms tighten operational and compliance controls to reduce the risk of abrupt cancellations.
This article was originally published as AMC CEO Slams Robinhood’s Tokenized Stocks as Unregulated, to Seek Probe on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

South Korea’s Financial Services Commission (FSC) has outlined a three-phase plan to build the legal and technical foundation for issuing tokenized securities covering assets such as stocks, bonds, and funds. The roadmap is designed to bring tokenization into the country’s existing capital markets framework rather than treating it as a separate, unregulated activity.
In a press release published Friday, the FSC said tokenized securities will gain formal legal recognition as digitized forms of securities once an update to the Act on Electronic Registration of Stocks and Bonds takes effect on Feb. 4, 2027. The implementation schedule is closely tied to a broader roll-out of amended capital markets and electronic securities laws.
Key takeaways
Legal status begins Feb. 4, 2027, when an amendment to the Act on Electronic Registration of Stocks and Bonds takes effect for tokenized securities.
Phase 1 (from recognition) covers institutional money market funds, bonds, unlisted stocks, and fractional investment securities.
Phase 2 broadens scope by extending tokenization to all publicly offered securities.
Phase 3 targets onchain settlement by pursuing onchain payments linked to stablecoins.
The FSC will coordinate with the Korea Securities Depository (KSD) to build the necessary tokenization infrastructure.
What South Korea’s FSC is changing in 2027
The FSC’s roadmap hinges on a legal shift: tokenized securities will be treated as digitized versions of traditional securities under South Korea’s electronic registration framework. According to the FSC, the change is expected to take effect on Feb. 4, 2027, after the relevant statutory update becomes operational.
Once this happens, tokenized instruments will not merely be “technology-layered securities.” Instead, they will be recognized within the legal system governing stock and bond registration—an important distinction for issuers, investors, and intermediaries who need clarity on rights, governance, and compliance.
For market participants, legal recognition is often the prerequisite for scalable issuance and broader participation. Without it, tokenized products typically face uncertainty around transferability, custody, and the enforcement of investor protections. The FSC’s plan aims to close those gaps by integrating tokenized securities into the capital markets regime.
Phase 1: recognition for a limited set of products
In the first stage, the FSC said tokenized securities will receive legal recognition across several categories, including institutional money market funds, bonds, unlisted stocks, and fractional investment securities. This sequencing matters because it starts with markets where regulators can more directly define operational boundaries while the infrastructure and oversight processes are still being established.
The FSC also tied the roadmap to the planned implementation of two legislative components: an amended Capital Markets Act and an Electronic Securities Act, which together form what the FSC describes as the country’s first tokenized securities framework. Earlier in the process, the FSC had indicated it was preparing detailed tokenized securities rules aimed at bringing tokenized securities under South Korea’s capital markets framework in 2027, an approach noted in earlier reporting (see Cointelegraph coverage of the regulator’s May statements).
The practical question for Phase 1 participants will be how tokenization is handled end-to-end—issuance, registration, transfers, and custody—especially for instruments like fractional investment securities where the unit of ownership may differ from legacy models.
Phase 2 and Phase 3: expanding issuance and testing new payment rails
Phase two of the FSC roadmap is set to expand tokenization to all publicly offered securities. This is a significant step up from the Phase 1 list because it implies broader availability of tokenized products to retail and institutional participants under the same umbrella rules.
However, the FSC did not assign a specific public date for the transition to Phase 2 in the press release. Instead, it said it will determine the timing after submitting and refining subordinate regulations.
The third phase introduces an additional technological ambition: onchain payments linked to stablecoins. In other words, the FSC is not only aiming to tokenize the asset layer (securities issuance and ownership records), but also to modernize parts of the settlement process. Stablecoins are referenced here as the linkage for onchain payment settlement, reflecting the regulator’s attempt to align tokenized securities workflows with digital payment mechanisms.
That said, major implementation details—such as which stablecoin frameworks (if any) would be considered, how payment flows would be controlled, and what oversight would apply—are not specified in the release. Market watchers will likely focus on the subordinate rule revisions that the FSC plans to propose after consultation with relevant stakeholders.
Regulatory coordination and what investors should monitor next
The FSC said it will work with the Korea Securities Depository (KSD) to develop the necessary tokenization infrastructure before the roadmap’s initiation. That coordination is a practical signal: tokenized securities can only scale if the core market plumbing—especially registration and transfer processes—is adapted to handle tokenized formats reliably.
Following the roadmap announcement, the FSC also indicated it plans to propose revisions to relevant subordinate regulations by the end of September and then decide the timeline for phases two and three. For investors and platform builders, that regulatory and technical rulemaking period is likely to be the most consequential window for understanding how compliance will work in practice.
It’s also worth placing the roadmap in the context of South Korea’s wider regulatory movement around tokenized assets. In May, the FSC said it would release detailed tokenized securities rules in 2027 to bring tokenized securities under the capital markets framework, according to earlier coverage (see Cointelegraph). Separately, in April, South Korea’s Ministry of Economy and Finance announced a pilot project involving tokenized deposits to execute government operational spending, with a full rollout targeted for the fourth quarter of 2026 (see Cointelegraph).
Taken together, the developments point to a regulator that is treating tokenization as a structured modernization of finance—starting with legal recognition, then expanding product coverage, and finally testing settlement innovations that could connect onchain activity with regulated payment processes.
For now, the key watchpoints are the end-of-September subordinate regulation revisions, the precise operational requirements that will govern tokenization infrastructure with KSD, and how Phase 3 will handle stablecoin-linked onchain payments in a way that preserves investor protections and settlement finality.
This article was originally published as South Korea Regulators Publish Roadmap for Tokenized Securities on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The National Sheriffs’ Association (NSA) has withdrawn its earlier opposition to the Digital Asset Market Clarity (CLARITY) Act, saying in a Thursday letter that its stance is now “neutral.” The development comes ahead of a potential Senate vote later this month when Congress returns to session.
In the letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the NSA pointed to the complexity of the legislative process and the “significant work undertaken” by lawmakers, the Administration, and stakeholders to address “legal, regulatory, and enforcement considerations” tied to the bill. NSA leadership said the group believes it is more constructive to let the legislative process continue as Congress seeks to build a clearer regulatory structure for digital assets.
Key takeaways
The NSA has changed its position on the CLARITY Act from opposition to “neutral,” signaling less resistance to the bill’s advancement.
The association’s earlier concern centered on amendments that would exempt crypto mixers from multiple registration requirements.
House passage in July 2025 has been followed by multiple Senate hurdles, including committee progress and continued debate among lawmakers and stakeholders.
Senate leaders have taken procedural steps toward a vote, with Thune filing a motion to hold cloture after senators return.
NSA shifts from opposition to neutrality
The NSA’s updated position was articulated by NSA president Troy Wellman alongside CEO and executive director Justin Smith. They said the association is no longer pushing against the measure at this stage, arguing that the most appropriate path is to “step back” and allow Congress to proceed to establish “a clear, effective, and much needed regulatory framework.”
This change represents a notable recalibration from the NSA’s earlier messaging. Previously, the group had expressed “significant concerns” about specific CLARITY provisions—particularly amendments involving crypto mixers and how they could affect registration obligations.
What the NSA previously objected to: crypto mixer exemptions
According to the NSA’s earlier letter, the association’s opposition was driven by provisions it believed could limit law enforcement tools used to trace illicit activity and recover victims’ funds. In that prior stance, the NSA argued that exempting crypto mixers from many registration requirements could “[impair] law enforcement’s ability to trace transactions and digital assets, and recover victims’ money.”
In July, Sheriff Jim Skinner—speaking in a video posted by the NSA—also criticized the framing of the bill, stating, “The CLARITY Act protects the crypto industry, not the public.” Earlier coverage and the Senate Banking Committee correspondence cited by the NSA indicate that mixer-related language was at the heart of the dispute.
While the Thursday letter does not detail which provisions have been addressed or how the group views the bill’s current draft, the shift to neutrality suggests the NSA is at least willing to allow continued consideration rather than maintain active resistance.
CLARITY’s path through Congress remains contested
The CLARITY Act passed the US House of Representatives in July 2025 and has encountered obstacles since being sent to the Senate. While Senate committees—including the agriculture and banking committees—passed versions of the bill in 2026, the measure has continued to face pushback and uncertainty from multiple groups and lawmakers.
Debates described around the legislation have reportedly included issues beyond enforcement logistics, such as stablecoin-related rewards, tokenized equities, and concerns about potential conflicts of interest involving President Donald Trump and his family. These sticking points have kept the bill from reaching a final, unified Senate outcome even after committee progress.
As Congress nears its return to session, procedural moves have also signaled an effort to bring the bill to the floor. Before going on break, Thune reportedly filed a motion to hold a cloture vote on the measure on Sept. 15 once senators return from state work periods—an action that typically aims to limit extended debate and move legislation forward.
Regulators signal they could act even without legislation
Even as CLARITY awaits a Senate path to final passage, US regulators have indicated that crypto oversight may not wait indefinitely for congressional action. Earlier reporting noted that Trump publicly pushed for passage alongside the heads of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as representatives from digital asset companies.
According to earlier coverage, SEC Chair Paul Atkins and CFTC Chair Michael Selig—both nominated by Trump—have signaled that their agencies would continue efforts to address crypto regulation if Congress is unable to pass a market structure bill.
This matters for market participants because it reframes timing and certainty. A shift in the NSA’s position reduces one vocal source of resistance, but it does not remove other policy debates reportedly surrounding stablecoin rewards, tokenized assets, and broader governance concerns. Meanwhile, regulator willingness to proceed without CLARITY could mean the industry faces parallel developments: legislative negotiations in the Senate alongside rulemaking and enforcement direction from the agencies.
As the Senate calendar firms up, readers should watch whether the bill’s most contested provisions—particularly those tied to enforcement and registration—change between committee language and the final text heading to a vote, and whether additional stakeholders follow the NSA’s example by shifting their stance ahead of the chamber’s next steps.
This article was originally published as U.S. Law Enforcement Group Shifts to Neutral on CLARITY Act on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

QuFi Network says it has launched a post-quantum verification platform aimed at protecting digital assets from future quantum-computing threats—without forcing existing blockchain settlement layers to undergo immediate upgrades. The core idea is to add a separate verification step that can use post-quantum cryptography while leaving the underlying networks to continue settling transactions in their current forms.
Alongside the platform, QuFi introduced uBTC, a proof-of-concept applying the verification approach to Bitcoin. In the implementation described by QuFi, uBTC runs on Bitcoin Testnet, verifies BTC collateral, and produces cryptographic proofs that govern how value moves between settlement environments, with final redemptions settling as standard Bitcoin transactions.
Key takeaways
QuFi’s platform separates transaction verification from on-chain settlement, using a dedicated network of nodes for post-quantum checks.
The uBTC proof-of-concept applies the verification layer to Bitcoin Testnet while keeping ultimate redemptions compatible with normal Bitcoin transaction settlement.
QuFi reports using three post-quantum cryptographic standards—ML-DSA-65, SLH-DSA, and ML-KEM-1024—for signatures and key exchange.
The announcement adds to a broader push across the ecosystem to prepare for quantum risks through methods that avoid immediate hard forks or chain-wide rewrites.
A verification layer built to avoid chain migrations
According to QuFi, the platform is designed to reduce some of the practical friction that can come with adopting post-quantum cryptography directly at the blockchain protocol level. QuFi’s stated motivation is that larger post-quantum signatures and related cryptographic operations can increase storage, bandwidth, and computation requirements when deployed inside individual blockchains.
Instead of changing how settlement networks validate transactions at the base layer, QuFi says it “separates verification from settlement.” The company describes a decentralized set of verification nodes that validates transactions using post-quantum cryptography before those transactions are settled on existing blockchain networks. For users and integrators, the practical implication is that post-quantum protections could be introduced as an additional infrastructure component rather than as a sudden protocol overhaul.
QuFi also positioned the platform around a concrete cryptographic toolbox: ML-DSA-65 and SLH-DSA for digital signatures, and ML-KEM-1024 for secure key exchange. The use of multiple standards suggests QuFi is aiming for flexibility in how verification and key establishment work across different flows, though the performance and operational trade-offs of each element are not detailed in the announcement.
uBTC: post-quantum checks for Bitcoin collateral (test environment)
QuFi’s uBTC system is a proof-of-concept that takes the verification approach and tests it against Bitcoin’s asset layer. The described design is relatively specific: uBTC verifies BTC collateral and generates cryptographic proofs that define how value can move between settlement environments. Redemptions, QuFi says, ultimately settle as standard Bitcoin transactions.
Operating on Bitcoin Testnet4 means the work is currently in a test stage rather than live production settlement. For investors and builders, the key reason to watch this kind of design is that it targets compatibility—by generating proofs for movement rules, rather than requiring Bitcoin itself to immediately adopt a new post-quantum signature scheme. However, the real-world effectiveness will depend on how the proof system behaves under realistic load, how verification nodes are governed and secured, and whether the proof workflow can be made robust for everyday wallet and custody operations.
Quantum defenses are spreading—sometimes with clear trade-offs
QuFi’s announcement lands in the middle of a wider industry campaign to harden blockchains against quantum-era threats. Recent efforts show a pattern: many teams are trying to prepare without forcing disruptive upgrades, but each approach comes with costs.
Earlier in August, StarkWare tested a quantum-resistant Bitcoin transaction on mainnet without requiring a fork. According to reporting from Cointelegraph, the experiment ran for hours, cost roughly $150 to $200, and produced a nonstandard transaction format that required direct submission to a miner. That experience illustrates one of the practical barriers to immediate post-quantum adoption at the settlement-layer level: even when a scheme works, it can be expensive and operationally awkward.
The same month, a pilot involving banks and regulators across Europe, the Middle East, and Asia tested post-quantum wallets and onchain transfers using ML-DSA-65, a standard that QuFi also lists among its cryptographic choices. In parallel, the Ethereum Foundation reportedly removed the Poseidon hash function from its planned post-quantum architecture in favor of established alternatives such as SHA or BLAKE. Together, those moves underline how the search for “quantum readiness” is not just about adding new cryptography, but also about selecting components that are mature, implementable, and safe under realistic engineering constraints.
Bitcoin developers have also been exploring protocol-level mechanisms. Cointelegraph previously covered work from Blockstream researchers around a Bitcoin Improvement Proposal for SHRINCS, an experimental post-quantum signature scheme intended to reduce the size and performance costs of quantum-resistant signatures. The same coverage highlighted important trade-offs: SHRINCS uses stateful signatures to keep signatures smaller, which requires wallets to track previously used signing keys. It also remains in an early stage without a completed security proof and introduces complexity that could create user failure modes.
Why QuFi’s approach matters—and what to watch next
The main difference in QuFi’s pitch is architectural. By placing post-quantum verification in an external layer and keeping settlement tied to existing blockchain networks, QuFi is aiming to avoid the immediate overheads and interoperability friction that can arise when chains are forced to adopt larger post-quantum primitives all at once.
That said, a verification layer introduces its own questions that the market will likely evaluate over time: how decentralized and credible the verification network is, how proofs are generated and validated end-to-end, and whether operational requirements for key management and custody remain manageable. For Bitcoin-related use cases, particular attention will be on how uBTC’s testnet results translate to real wallet and exchange integration patterns—especially if the goal is to support production redemptions without requiring nonstandard transaction formats or special miner submission paths.
Readers should watch for updates that move beyond testnet demonstrations—particularly performance metrics, security assumptions for the verification network, and any clarity on how this approach could interoperate with broader custody, compliance, and wallet tooling as quantum transition planning accelerates across the ecosystem.
This article was originally published as QuFi Unveils Post-Quantum Verification for Bitcoin Testnet on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Crypto’s August rebound has shifted attention away from the sector’s AI-era pivot and back toward balance-sheet and settlement plays. Bitcoin-linked exposure is again paying off for miners and corporate treasuries, while traditional finance is moving in parallel—planning stablecoin infrastructure aimed at cross-border payments.
At the same time, accumulation strategies are pushing into new concentration milestones. Bitmine’s long Ether buying streak is nearing its own goal of owning 5% of Ethereum’s circulating supply, even as the firm remains deeply underwater on unrealized gains.
Key takeaways
Bitcoin’s late-August rally lifted mining stocks sharply, reversing a period when AI and high-performance computing narratives were outperforming.
Strive and Strategy both added large amounts of Bitcoin to their treasuries in the final week of August, reinforcing the “buy-the-ticker” corporate approach.
A consortium of 21 major financial institutions plans to launch a G7 stablecoin venture in 2027, starting with a US dollar-denominated product.
Bitmine’s 65-week Ether buying streak has brought it close to owning 5% of Ethereum’s circulating supply, despite significant unrealized losses.
Why Bitcoin’s rebound pulled miners back into focus
Bitcoin’s August rally had an outsized effect on mining equities. According to BlocksBridge Consulting, Bitcoin rose about 23% in late August, and that move outpaced performance among many AI-linked infrastructure stocks. BlocksBridge reported that Canaan, American Bitcoin, and Cango gained roughly between 41% and 67%, while several AI-exposed names were less responsive—CoreWeave gained about 21%, Nebius about 17%, and IREN about 15%.
The relative swing matters because it suggests the market is once again willing to treat miners primarily as leveraged exposure to Bitcoin rather than as diversified AI infrastructure plays. BlocksBridge linked the move to three catalysts: expanded US Treasury liquidity-supporting buybacks, regulatory optimism following a White House crypto meeting, and a short squeeze that liquidated more than $1.6 billion in positions.
Still, the re-pricing comes with a familiar caveat. Miners face high capital intensity—especially where AI and data-center build-outs are concerned. Investors may be rewarding BTC beta in the short run, but the longer-term question is whether those AI-capex plans can be scaled economically through cycles, not just during recoveries.
For context on how sentiment changed, earlier coverage from Cointelegraph noted the broader “AI pivot” narrative among miners and how the late-August rally disrupted that preference. The current pattern reinforces that crypto equity performance remains tightly coupled to BTC market conditions.
Corporate treasuries add BTC again: Strive and Strategy’s purchases
While miners re-embraced Bitcoin sensitivity, corporate buyers also returned to the market. In the final week of August, Strive and Strategy each increased their holdings of Bitcoin through large block purchases, according to earlier Cointelegraph reporting on their respective acquisitions (links included in the source material).
Strive bought 1,800 BTC for approximately $143 million between Aug. 24 and Aug. 28, pushing its holdings to 23,156 BTC. The company reportedly paid an average of $79,431 per BTC (including fees and expenses). In the prior week, Strive had purchased 1,110 BTC at an average price of $73,409—suggesting the company continued to buy even as prices increased.
Strategy, meanwhile, resumed acquisitions and reportedly added 4,603 BTC at an average price of $80,318. Those buys lifted its holdings to above 845,000 BTC after four sales since May.
Cointelegraph’s source material also ties these purchases to a broader digital asset recovery that began Aug. 19, after the US Treasury announced plans to double certain long-term bond buybacks. In practice, this underscores how traditional macro liquidity expectations can quickly flow through to risk assets, prompting both equities and corporate treasuries to lean back into crypto exposure.
A stablecoin push aimed at 2027 goes beyond retail hype
Beyond Bitcoin-specific demand, mainstream finance is continuing to build stablecoin plans with a focus on institutional settlement. A consortium of 21 major financial institutions—including Bank of America, Goldman Sachs, and Citi—intends to establish a new company to develop and issue stablecoins, according to earlier Cointelegraph coverage of the initiative.
The venture is designed to launch a US dollar-denominated stablecoin in the first half of 2027, with an expansion to other G7 currencies afterward. The next planned rollout would reportedly be a euro-denominated offering. The stablecoin is intended to serve wholesale, institutional, and retail markets for cross-border payments and digital asset settlement.
The consortium also appears to be positioning the project for regulatory compliance. The source material states that the group plans to align with the US GENIUS Act and the EU’s MiCA regulation, building on an earlier October initiative in which 10 banks explored a 1:1 reserve-backed model using public blockchains.
What’s notable for investors and builders is the shift from isolated pilots to a coordinated, multi-institution structure. Even if timelines move, the direction is clear: stablecoin rails are being treated as part of payments infrastructure rather than a speculative side industry.
Bitmine nears a 5% Ether concentration target—after 65 weeks
Ether accumulation is continuing at a pace that brings Bitmine closer to a major supply-concentration milestone. Bitmine extended its ETH buying streak to 65 consecutive weeks by adding 53,501 ETH, as described in earlier Cointelegraph coverage of the firm’s accumulation track.
The latest purchase reportedly brings Bitmine’s holdings to more than 5.9 million ETH. Based on an ETH price of $2,511 as of Sunday (as cited in the source material), those holdings were valued at roughly $14.8 billion. The company’s position is described as 4.9% of Ethereum’s 120.7 million circulating supply, placing it near its stated 5% goal.
Bitmine chairman Tom Lee said Ether, Bitcoin, and Solana have been the three best-performing major assets since June 30, with ETH leading gains. In the same remarks, Lee argued that outperformance versus other macro assets could encourage institutions to add to crypto holdings.
However, the concentration story comes with a sobering balance-sheet reality: DropsTab data cited in the source material indicates Bitmine is still sitting on about $5.1 billion in unrealized losses on its Ether holdings. That figure reflects continued buying through the downturn that began in late 2022, not a strategy that depends on an immediate price recovery.
For market participants, this creates an asymmetry worth watching. Concentration can strengthen influence over liquidity and market optics, but it also means that investor confidence may ultimately hinge on how quickly—or slowly—unrealized losses convert back into gains during future drawdowns.
Across these developments, the next thing readers should watch is whether the market’s renewed preference for BTC-linked exposure persists beyond the August rebound—while stablecoin plans in 2027 advance from framework discussions into concrete licensing, reserves, and issuance mechanics, and Ether accumulators like Bitmine approach (or revise) their 5% supply target.
This article was originally published as Bitcoin’s Rise Leaves AI-Focused Crypto Trading in the Background on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Pineapple Financial says it has migrated more than $1 billion of residential mortgage records onto Injective, marking a significant step in its plan to move a large portion of its funded loan portfolio onchain.
Injective announced Friday that Pineapple expects to eventually migrate over 29,000 funded mortgages worth more than $10 billion to the network. The approach is designed to keep each mortgage tied to its underlying loan file through an onchain record, rather than repackaging loans into a new mortgage security.
Key takeaways
Pineapple Financial reports moving more than $1 billion in mortgage records onto Injective as part of an onchain migration of its existing portfolio.
Injective says Pineapple plans to bring over 29,000 funded mortgages worth more than $10 billion onto the network.
Each mortgage is represented by an onchain record with more than 500 data points to support verification, audit trails, and risk analysis.
Token Terminal data indicates the PAPL0 asset market cap is about $1.1 billion, reflecting mortgage-record tokens rather than direct ownership of the underlying loans.
How Pineapple is tokenizing mortgages on Injective
Injective’s update frames the migration as a way to digitize and operationalize mortgage data on a layer-1 network built for financial applications. According to the company, Pineapple’s onchain records are linked to the underlying loan file, aiming to avoid creating a wholly new mortgage instrument in the process.
Each mortgage record includes more than 500 data points. Injective characterizes the dataset as intended for verification and audit workflows, as well as risk analysis that depends on having granular, loan-level information available in a consistent format.
Pineapple’s own dashboard, referenced by Injective, shows the initiative has expanded since it began in December 2025. The migration now includes 2,079 mortgage records, up from 1,259 at the time the effort launched.
What PAPL0 represents and why the structure matters
Token Terminal tracks PAPL0 as an asset associated with the mortgage records on Injective. The data cited in the announcement places PAPL0’s asset market cap at about $1.1 billion, up 48.2% over the past nine months, according to Token Terminal figures.
Crucially, Token Terminal’s project framing (as described in the original material) indicates that the tokens are meant to represent mortgage records, not ownership of the underlying loans themselves. That distinction is important for investors and counterparties trying to understand what is actually being transferred or referenced when token balances change—particularly in real-world asset (RWA) systems where legal ownership, servicing rights, and data integrity may not always map neatly onto token mechanics.
For market participants evaluating RWAs, this record-based model may also influence how due diligence is performed. Instead of relying on tokens as a proxy for the full legal construct of a mortgage, the onchain record is positioned as a structured data layer—potentially improving traceability and audit readiness.
Pineapple’s broader Injective ties and onchain treasury
The mortgage-record migration is part of a wider relationship between Pineapple and Injective. The material also points to a separate digital asset treasury connected to Injective’s native token, INJ, with Pineapple described as having a $100 million Injective treasury.
As part of that setup, Pineapple stakes INJ from the treasury. Kraken is named as a primary validator for the holdings, tying the arrangement to established institutional infrastructure for validating network activity.
Real estate tokenization continues, but remains small
The move sits within a broader push to bring real estate and other traditionally illiquid assets onto blockchains. Tokenization is often marketed as a way to divide interests, improve transferability, and broaden access—but the pace of adoption still varies widely by asset type and jurisdiction.
Earlier this year, several major finance players were highlighted in connection with tokenized real estate fund structures. In June, Apex Group joined other firms—including Goldman Sachs, Archax, and LRC Group—in a tokenized real estate fund effort where fund shares are issued as digital tokens through Goldman Sachs’ Digital Asset Platform. In that structure, blockchain-based ownership is used for the fund shares themselves, rather than simply recording property-related information onchain.
Dubai has also expanded its tokenized real estate initiatives. The reporting referenced that in February, the Dubai Land Department launched a second phase of a pilot after roughly $5 million in property had been tokenized, with transactions recorded on the XRP Ledger.
Still, despite recurring announcements, tokenized real estate appears to be only a small slice of the overall RWA ecosystem. The figures cited in the source state that the sector has about $226.5 million in distributed value, up 11.7% over the past 30 days. This is contrasted with approximately $38.8 billion across tokenized RWAs tracked by RWA.xyz.
What to watch next
With Pineapple increasing the number of onchain mortgage records and Injective targeting a scale-up to more than 29,000 mortgages worth over $10 billion, the key question for the next phase is how this record-based model performs in practice—especially around verification workflows, auditing, and how market participants interpret the relationship between tokenized records and the legal rights attached to the underlying loans.
This article was originally published as Pineapple Financial Plans $10B On-Chain Mortgage Records on Injective on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The National Sheriffs’ Association (NSA) has reversed course on the Digital Asset Market Clarity (CLARITY) Act, moving from opposition to a neutral stance ahead of a Senate vote expected later this month. In a letter dated Thursday to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, the group said it would “step back” and allow the legislative process to continue in order to produce a clearer regulatory framework for the sector.
The change is notable because the NSA’s earlier criticism focused on provisions that, in its view, could weaken law enforcement’s ability to track cryptocurrency-related transactions—particularly around exemptions for crypto mixers from certain registration obligations. The group says that, after “significant work undertaken by Congress, the Administration, and stakeholders,” it now believes the most constructive path is to remain neutral while the bill advances.
Key takeaways
The NSA has shifted its position on the CLARITY Act from opposition to “neutral,” citing broader legislative and regulatory progress.
Its earlier objections centered on potential exemptions for crypto mixers from registration requirements, which the NSA said could hinder tracing and victim recovery.
The House passed CLARITY in July 2025, but the measure has faced repeated hurdles in the Senate, including concerns raised by multiple stakeholders.
Senate leadership has moved toward a procedural vote, with Thune filing a motion for a Sept. 15 cloture vote after senators return.
Even if CLARITY stalls, top U.S. crypto regulators have signaled they may proceed with rulemaking through their agencies.
NSA shifts to neutral as CLARITY heads toward a Senate vote
In the Thursday letter, NSA president Troy Wellman and CEO and executive director Justin Smith said the association’s position is changing because of the “significant work undertaken” by lawmakers and stakeholders to address legal, regulatory, and enforcement issues tied to CLARITY. Rather than re-litigate its concerns at this stage, the NSA argued that the bill should be allowed to move forward through the legislative process to create “a clear, effective, and much needed regulatory framework.”
The NSA’s message suggests the group believes the bill’s drafting has evolved enough to warrant an altered posture, even though the underlying enforcement questions raised earlier have not necessarily disappeared from the broader policy debate.
What drove the NSA’s earlier opposition
Before changing course, the NSA had expressed opposition to parts of the CLARITY Act—specifically amendments it believed would exempt crypto mixers from many registration requirements. In its earlier correspondence to Senate Banking leadership (referenced in the Senate-record letter linked in the input), the NSA argued that such an exemption could “impair law enforcement’s ability to trace transactions and digital assets, and recover victims’ money.”
The association’s concern reflects a longstanding tension in crypto regulation: policymakers have tried to balance compliance and market integrity goals with concerns about privacy and the use of legitimate anonymity-enhancing tools. In the NSA’s view, easing regulatory obligations for mixers could raise practical enforcement challenges for tracing illicit flows.
In July, NSA leadership also underscored the stakes in a video statement—framing CLARITY as a law that, in their view at the time, protected the crypto industry more than the public.
CLARITY’s slow path through Congress
CLARITY was passed by the U.S. House of Representatives in July 2025. After being sent to the Senate, the bill encountered multiple procedural and political obstacles. While the agriculture and banking committees passed versions of the measure in 2026, the bill has continued to face criticism and scrutiny from lawmakers and interest groups.
The input notes that ongoing concerns include elements related to stablecoin rewards, tokenized equities, and perceived conflicts of interest involving President Donald Trump and his family. Those issues illustrate that the debate over CLARITY is not only about enforcement and transparency, but also about how the legislation would structure participation and incentives across crypto and tokenized markets.
With the Senate set to return to session, procedural steps have been underway. Before the Senate broke in August, Thune filed a motion to hold a cloture vote on the bill on Sept. 15 once senators return from state work periods—an effort intended to move the measure forward despite potential delays.
Regulators signal they may act without CLARITY
While the legislative process remains in motion, the regulatory track is also developing. According to earlier coverage referenced in the input, Trump publicly supported CLARITY alongside leaders of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), among others. In that context, SEC Chair Paul Atkins and CFTC Chair Michael Selig—both nominated by Trump—have signaled that their agencies would address crypto regulation even if Congress fails to pass the market structure bill.
That matters because it reframes what “market clarity” could mean in practice. If CLARITY advances, it could provide a statutory baseline for rules governing crypto market structure. If it stalls, regulators may attempt to fill gaps through agency action—though that approach can produce different outcomes from legislation, including differences in scope, timing, and how courts might ultimately interpret statutory authority.
For market participants, the NSA’s shift to neutrality adds another variable: it suggests that at least one major law-enforcement-adjacent stakeholder does not plan to oppose the bill at the final stretch. Traders, platforms, and compliance teams are therefore likely to watch the next procedural milestones—especially whether the Sept. 15 cloture vote holds—while paying close attention to whether the most contentious provisions, such as those affecting crypto mixers and related registration obligations, remain unchanged or are modified during further Senate consideration.
As the Senate prepares to vote, the key question for investors and builders is whether CLARITY will converge into a version that satisfies both market-structure goals and enforcement practicality. Readers should monitor not only the cloture timetable, but also any last-minute amendments that could alter the specific provisions the NSA and other stakeholders have argued over.
This article was originally published as US Law Enforcement Group Seeks “Neutral” Stance on CLARITY Act on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

The US jobs report landed hotter than many economists expected in August, and the immediate ripple was felt across risk assets—including Bitcoin. According to figures released on Friday, the US economy added 162,000 nonfarm payroll jobs, roughly three times the consensus estimate of about 56,000. Bitcoin initially slid from around $81,300 to local lows near $78,600 before recovering to about $79,500 by the time of writing.
The stronger labor market also injected fresh volatility into expectations for the next Federal Open Market Committee (FOMC) decision on Sept. 15–16. With the Fed’s path still being debated, traders appeared to reprice the odds of a pause versus a rate hike after the payroll release, even as parts of the political debate around interest rates intensified.
Key takeaways
US nonfarm payrolls rose to 162,000 in August—well above the ~56,000 economist consensus.
Bitcoin reacted with a selloff from $81,300 to $78,600, then rebounded to roughly $79,500.
Polymarket’s implied probabilities for the Sept. 16 FOMC rate decision swung back toward a 50/50 split after the data.
A Blake2b-based Bitcoin fork (continuation of the BIP-110 chain) recorded early spot activity, with coins trading on Neoxa around $350 versus USDC.
Hotter payrolls shift FOMC expectations again
Labor market strength tends to matter for central-bank policy because it can influence whether inflation pressures persist and how quickly—if at all—the Fed can comfortably ease rates. This latest set of numbers landed decisively above forecast, and traders reacted in real time.
Earlier in the week, sentiment around the upcoming FOMC meeting had already been unstable. In particular, Fed Governor Christopher Waller signaled on Thursday that he would favor a pause pending upcoming inflation data. That comment helped move market-implied odds: Polymarket reportedly shifted probabilities to 60% for a pause and 40% for a 25 basis-point rate hike.
Friday’s labor data changed the picture. After the payrolls beat expectations, implied probabilities returned to a roughly even split, with Polymarket showing a 50/50 division between the pause and a 25 basis-point hike.
Beyond the markets, political pressure on the Fed’s policy direction also became part of the narrative. US President Donald Trump used Truth Social to demand further rate cuts, arguing that high interest rates put the US at a disadvantage and saying he would not allow it. The post also framed the debate as a change in stance from previous leadership—after Trump had criticized former Chair Jerome Powell for not cutting rates, though he waited until Friday to make a similar demand aimed at the then-newer Fed leadership context.
Why Bitcoin sold off after a jobs beat
Bitcoin’s drop immediately after the payroll release followed a pattern investors have seen in many rate-sensitive environments: stronger economic prints can increase expectations that borrowing costs will remain higher for longer. That can translate into tighter financial conditions and reduced appetite for high-volatility assets.
In this case, the chart response was clear. Bitcoin moved off roughly $81,300 to local lows around $78,600 following the data, then partially recovered to about $79,500. While that rebound suggests traders were not fully committed to a sustained risk-off trajectory, the initial selloff highlights how quickly macro data can overpower other narratives when the policy path feels uncertain.
With the next FOMC meeting approaching, this jobs report adds another data point traders can use to calibrate their view of the Fed’s reaction function. What remains uncertain is not only the direction of policy, but also whether committee members ultimately align behind a single approach—especially as forward guidance has been viewed by many traders as less anchored than it was during prior eras of clearer signaling.
Blake2b Bitcoin fork finds its first thin liquidity
Separate from the macro-driven market moves, a technical development inside the “Bitcoin fork” ecosystem drew attention. After the BIP-110 soft fork activated on Aug. 7, the network temporarily split between a chain enforcing BIP-110 rules and another chain continuing under the previous ruleset.
Supporters of BIP-110 argued the branch struggled because miners did not allocate enough computational power to continue extending it. In response, they have pointed to this outcome as evidence—at least in their view—of how concentrated influence can be within the mining layer. Their criticism centers on the fact that only a small number of mining pools control the majority of Bitcoin’s hashrate, meaning the same entities can strongly affect which chain progresses and which transactions make it into blocks.
From there, a subset of BIP-110 supporters pursued a different approach. Led by LukeDashjr, they continued the BIP-110 chain while changing the proof-of-work algorithm to Blake2b, aiming—according to the proponents’ rationale—to make it easier for a different set of miners to participate using DATUM gateway technology. The relevant hard fork was initiated on Aug. 30.
A key practical implication is that holders of SHA-256 Bitcoin balances were mapped 1:1 into the Blake2b version: every address holding SHA-256 Bitcoin before Aug. 7 (and possibly after) is reported to hold an equivalent amount on the Blake2b chain.
At the moment, liquidity is still limited. The only exchange listing Blake2b Bitcoin is Neoxa. Even so, early trading is visible: Blake2b coins are trading at about $350 against USDC, with an approximately 1.1% spread, based on Neoxa’s order book for the pair BTCB2/USDC.
What to watch next: macro volatility and fork liquidity
Going forward, the immediate driver of Bitcoin’s near-term mood is likely to remain macro—especially around the Fed meeting on Sept. 15–16, where fresh labor and inflation data can still reweight the market’s odds. At the same time, the Blake2b fork story is a separate but related reminder that “Bitcoin ecosystem” developments are increasingly moving in parallel paths—where token availability on exchanges and liquidity depth may determine whether these narratives can move beyond niche trading.
This article was originally published as Bitcoin Drops Below $80K After Surprise US Nonfarm Payrolls Print on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Pineapple Financial has onboarded more than $1 billion in residential mortgage records to Injective, marking a significant step in its plan to migrate a long-running mortgage portfolio onto a public blockchain network. Injective said Friday that Pineapple aims to bring more than 29,000 funded mortgages—worth over $10 billion—onto the platform over time.
Unlike many tokenization models that package loans into new securities, Pineapple’s approach centers on moving existing loan documentation into onchain “records.” Each mortgage is represented by an onchain entry linked to the underlying loan file, rather than being repackaged as a separate mortgage security.
Key takeaways
Pineapple has migrated over $1 billion in residential mortgage records to Injective, per Injective.
Injective says Pineapple intends to move 29,000+ funded mortgages worth $10 billion+ in total.
Onchain mortgage records are built around 500+ loan-related data points, designed to support verification, audit trails, and risk analysis.
PAPL0, which tracks the mortgage records on Injective, shows an asset market cap of about $1.1 billion (Token Terminal data).
The mortgage record tokens are described as representing records, not direct ownership of the underlying loans.
How Pineapple is putting mortgages onchain
Injective framed Pineapple’s migration as part of a broader effort to move a historical loan portfolio onchain. The company said each migrated mortgage corresponds to an onchain record tied to the underlying loan file, with the structure intended to preserve the relationship between onchain data and the original loan documentation.
Injective also highlighted the data depth of the system: the records reportedly include more than 500 data points spanning loan-level information. In practical terms, that level of detail can be useful for building auditability and enabling risk analysis directly around the referenced mortgage file—capabilities that would be harder to achieve if only minimal metadata were stored onchain.
As of the latest update, Pineapple’s dashboard shows the program includes 2,079 mortgage records, compared with 1,259 when the migration initiative began in December 2025. That jump underscores that the project is not limited to a pilot dataset, but is expanding into larger portions of the mortgage book.
PAPL0 growth and what the token actually represents
On Injective, Pineapple’s onchain mortgage record tracking is associated with PAPL0. According to Token Terminal data, PAPL0 has an asset market cap of roughly $1.1 billion, up 48.2% over the past nine months.
Token Terminal’s project page describes PAPL0 as a vehicle tied to mortgage records on Injective. Importantly, the token is presented as representing the mortgage records themselves—not ownership of the underlying loans. That distinction matters for investors and counterparties evaluating what economic exposure they’re actually getting: record ownership and tokenized loan exposure are not always the same thing in real-world asset (RWA) designs.
Injective and Pineapple: beyond the migration
The mortgage records migration also sits within a broader relationship between Pineapple and Injective. Injective said the partnership includes a separate $100 million Injective (INJ) digital asset treasury. Within that arrangement, Pineapple reportedly stakes INJ from the treasury, and Kraken serves as a primary validator for the holdings.
That setup highlights a common challenge in onchain finance: moving RWAs is not only about tokenizing assets, but also about operational infrastructure such as staking, validation, and the ongoing management of blockchain-based holdings that support the tokenized system.
Real estate tokenization is widening—but remains niche
Mortgage record tokenization is part of a broader push to bring traditionally illiquid real estate and related investment interests onto blockchain networks. The central promise remains similar across projects: tokenization can make it easier to divide interests, transfer them, and provide more transparent access to certain asset-related information.
Recent coverage across the sector points to momentum in other formats as well. In June, Apex Group joined Goldman Sachs, Archax, and LRC Group on a tokenized real estate fund where shares are issued as digital tokens through Goldman Sachs’ Digital Asset Platform. In Dubai, tokenization efforts have also expanded: the Dubai Land Department launched a second phase of a pilot after about $5 million in property had been tokenized, with transactions recorded on the XRP Ledger, according to earlier reporting.
Still, the scale of tokenized real estate remains small compared with the overall RWA market. RWA.xyz data referenced in the article estimates tokenized real estate at about $226.5 million in distributed value, up 11.7% over the past 30 days, versus roughly $38.8 billion across tokenized RWAs tracked by RWA.xyz.
For market participants, this imbalance suggests a key tension in the RWA narrative: while real estate continues to attract serious experimentation, adoption and capital allocation across the broader tokenized assets space are happening faster elsewhere.
Going forward, the key question for readers is whether Pineapple’s approach—using rich loan-level records tied to underlying files, rather than repackaging mortgages into new securities—can sustain scaling beyond early migration milestones. The pace of record onboarding (2,079 currently, versus 1,259 at launch in December 2025) will likely be a close signal to watch as the project progresses toward its stated goal of 29,000+ funded mortgages.
This article was originally published as Pineapple Financial Deposits $1B in Mortgage Records on Injective on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Strategy Executive Chairman Michael Saylor has defended public Bitcoin advocacy as protected speech under United States law. He also described Bitcoin as a commodity rather than a security, while separating advocacy from illegal conduct. Meanwhile, his comments come as lawmakers continue debates over new rules for digital assets.
Saylor said Americans can discuss Bitcoin and recommend ownership without obtaining a special license. He also stressed that existing laws still prohibit fraud and market manipulation involving digital assets. Consequently, his position links public Bitcoin promotion with established rights while rejecting unlawful financial activity.
Saylor has remained a prominent Bitcoin supporter through public statements and Strategy’s corporate treasury approach. His latest comments focus on the legal status of discussing Bitcoin and recommending the asset publicly. The remarks also come amid wider debates over how regulators should oversee cryptocurrency markets.
Clarity Act Debate Continues in Washington
The comments come as lawmakers prepare for a September 15 procedural vote concerning the CLARITY Act. The legislation seeks clearer responsibilities among federal agencies overseeing digital asset markets. However, lawmakers still need to resolve several provisions before the bill can advance through the Senate.
The National Sheriffs’ Association recently changed its position on the legislation from opposition to neutral. The group had raised concerns about enforcement against illicit financial activity under the proposed framework. Senator Cynthia Lummis welcomed the shift and urged lawmakers to move the legislation forward.
Lummis has argued that the bill could give law enforcement stronger tools against illicit crypto finance. However, the September 15 vote would only advance consideration and would not establish final passage. Therefore, the Senate must complete additional steps before the legislation can become law.
Strategy Resumes Bitcoin Purchases as MSTR Shares Fall
Saylor’s comments also follow Strategy’s return to Bitcoin purchases after an extended buying pause. Strategy acquired 4,603 BTC for roughly $369.7 million, with an average purchase price of $80,318. The purchase lifted the company’s Bitcoin holdings to 845,050 BTC.
Strategy has used Bitcoin as a central part of its corporate treasury strategy for several years. The company has continued accumulating BTC despite periods of sharp price swings across cryptocurrency markets. Moreover, its purchases have kept the company closely tied to Bitcoin’s market performance.
Despite the latest acquisition, Strategy shares have faced renewed selling pressure. MSTR recently fell about 4.2% to $138.74 as Bitcoin experienced fresh volatility after United States employment data. The shares remain down about 56% over the past 12 months, despite Strategy’s continued Bitcoin accumulation.
This article was originally published as Michael Saylor Defends Bitcoin Advocacy As MSTR Shares Face Pressure on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Post-quantum security-focused startup QuFi Network has launched a verification platform aimed at protecting digital assets from potential future quantum computing attacks—without forcing users to upgrade or fork existing blockchain settlement layers. The approach, according to QuFi, is built around separating “verification” from “settlement,” so that transactions can be validated with post-quantum cryptography while value is ultimately settled on familiar networks.
Alongside the platform, QuFi introduced uBTC, a proof of concept that applies the verification system to Bitcoin collateral. uBTC is currently running on Bitcoin testnet, with redemptions designed to complete as standard Bitcoin transactions after the verification step produces cryptographic proofs that govern how value can move between settlement environments.
Key takeaways
QuFi’s platform validates transactions using post-quantum cryptography before settling them on existing blockchain networks, avoiding direct post-quantum signature deployment on-chain.
uBTC is a Bitcoin-focused proof of concept on testnet, verifying BTC collateral and issuing proofs that constrain value movement, while final settlement remains standard Bitcoin transactions.
QuFi says the design uses three post-quantum cryptographic standards—ML-DSA-65, SLH-DSA, and ML-KEM-1024—to handle signatures and secure key exchange.
The company’s stated goal is to reduce potential increases in storage, bandwidth, and computation that can come with using larger post-quantum primitives directly within blockchains.
The launch lands as multiple parts of the ecosystem experiment with quantum-resistant techniques, including Bitcoin signature proposals and efforts by institutions and protocol developers.
A verification layer instead of a blockchain upgrade
QuFi’s main product concept centers on an external verification layer. Rather than asking each settlement network to adopt new post-quantum cryptographic rules, QuFi proposes using a decentralized set of nodes to validate transactions with post-quantum cryptography ahead of settlement.
In QuFi’s framing, this architecture helps address one of the most common implementation challenges in the post-quantum transition: larger keys and signatures can translate into higher on-chain costs and performance overheads. By performing verification off the settlement path, QuFi says it aims to avoid added storage, bandwidth, and computing demands that could arise from integrating post-quantum primitives directly into individual chains.
The platform uses post-quantum standards that cover both digital signatures and key exchange. QuFi lists ML-DSA-65 and SLH-DSA for signatures, and ML-KEM-1024 for secure key exchange—building blocks it says are used to generate and check cryptographic proofs prior to settlement on existing blockchains.
uBTC on Bitcoin testnet: proofs constrain value movement
QuFi also launched uBTC, described as a proof-of-concept system applying the verification approach to Bitcoin. The system is currently operating on Bitcoin testnet4.
Per QuFi’s description, uBTC verifies BTC collateral and generates cryptographic proofs that govern how value moves between settlement environments. Importantly, QuFi says the redemptions ultimately settle as standard Bitcoin transactions. That means the Bitcoin network would not be required to run post-quantum signatures as part of the final settlement step—at least within this proof of concept.
For investors and developers tracking quantum-readiness, this structure is notable because it suggests one possible pathway for gradual migration: keep the “trust anchor” settlement layer stable while introducing stronger cryptographic verification elsewhere. The remaining question is how widely such proof-based settlement constraints can be adopted—especially when interacting with multiple networks and wallets that may have different assumptions about validation and finality.
Why the timing matters: quantum defense work is accelerating
QuFi’s announcement arrives amid a broader push across crypto to prepare for quantum-related risks. In August, StarkWare reportedly tested a quantum-resistant Bitcoin transaction on mainnet without requiring a fork. While the test demonstrated feasibility, the same coverage noted that the transaction required hours of computation and cost roughly $150 to $200, and it used a nonstandard format that required direct miner submission.
That earlier experiment highlights the practical friction QuFi is trying to bypass: even when post-quantum methods are technically possible, making them efficient and compatible with mainstream blockchain transaction flows is difficult. QuFi’s verification-layer approach is positioned as one way to reduce those integration costs.
Institutional and regulatory efforts are also part of the picture. According to prior reporting, banks and regulators across Europe, the Middle East, and Asia joined a pilot testing post-quantum wallets and onchain transfers using ML-DSA-65—one of the standards QuFi says it uses in its platform. Meanwhile, the Ethereum Foundation reportedly dropped its planned Poseidon hash function from a post-quantum architecture in favor of established alternatives such as SHA or BLAKE, reflecting a preference for reducing uncertainty by leaning on primitives with broader operational familiarity.
Bitcoin’s protocol-level experiments: trade-offs are already showing
Beyond off-chain or verification-layer approaches, some Bitcoin-focused quantum defenses are being explored directly at the protocol or signature scheme level. In August, Blockstream researchers published a Bitcoin Improvement Proposal for SHRINCS, an experimental post-quantum signature scheme intended to reduce size and performance costs associated with quantum-resistant signatures.
However, the same coverage also emphasized constraints and open issues. SHRINCS relies on stateful signatures to shrink signature size, which would require wallets to track signing keys previously used. It also remains early-stage, with no completed security proof referenced in that reporting, and it adds complexity that could increase user error risk if wallet implementations do not correctly manage state.
Compared with these protocol-level directions, QuFi’s emphasis is on reducing direct changes to settlement chains. For readers, the practical takeaway is that quantum readiness is not a single technology swap—it’s a spectrum of strategies, ranging from experimental signature schemes that modify transaction formats to separate verification systems that attempt to preserve existing settlement processes.
As QuFi’s platform and uBTC evolve, the key things to watch are how proof generation and verification perform under realistic load, whether the proofs integrate cleanly with broader wallet and settlement workflows, and how the project’s approach compares in cost and usability to protocol-level quantum defenses like SHRINCS. The next milestones—especially any expansion beyond testnet and any evidence of interoperability—will likely determine whether verification-layer quantum protection can move from concept to practical deployment.
This article was originally published as QuFi Debuts Post-Quantum Verification Platform Using Bitcoin Testnet Proof on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

August’s rebound in crypto did more than lift prices—it reshuffled attention toward the companies most exposed to Bitcoin and Ether beta. Bitcoin miners are again trading like a levered play on BTC, while corporate treasuries continue to add to their holdings during the same recovery window.
At the same time, traditional finance is moving closer to stablecoins for settlement and payments. And in Ethereum’s market, Bitmine’s persistent spot buying has pushed it close to a major share-of-supply milestone.
Key takeaways
Bitcoin miner stocks surged in August after a stretch where investors favored AI- and HPC-oriented infrastructure plays.
Strive and Strategy added thousands of BTC in late August, extending a corporate “buy the dip” pattern as digital-asset risk appetite returned.
A consortium of 21 major financial institutions is planning a G7 stablecoin initiative with a targeted launch in the first half of 2027.
Bitmine’s 65-week ETH buying streak has lifted its holdings to about 4.9% of Ethereum’s circulating supply, nearing its 5% goal.
Miners regain leverage as BTC rallies
Bitcoin’s rally in late August helped reverse a prior trend that had benefited some miners less than others. According to BlocksBridge Consulting, Bitcoin-linked mining equities rose sharply—up as much as 67%—at a time when the market had been more focused on miners pivoting toward AI-driven demand.
BlocksBridge reported that Bitcoin’s roughly 23% jump in late August outperformed much of the AI-linked infrastructure space. It cited gains ranging from about 41% to 67% for Canaan, American Bitcoin, and Cango, compared with around 21% for CoreWeave, 17% for Nebius, and 15% for IREN. Other miners with greater exposure to AI and high-performance computing were flat or declined.
The newsletter pointed to several drivers behind the miner rebound: expanding US Treasury-related buybacks that support liquidity, renewed regulatory optimism following a White House meeting on crypto, and a short squeeze that BlocksBridge said liquidated more than $1.6 billion in positions.
For investors, the message is straightforward: when BTC momentum returns, the market appears willing to reward direct exposure and operational leverage again. Still, BlocksBridge also flagged a lingering risk for the sector—high costs tied to scaling AI data-center capacity. That tension helps explain why AI-forward strategies may not always capture the same upside during pure BTC-driven rallies.
Strive and Strategy extend BTC treasury buying
Corporate treasuries were another focal point during the recovery. In the final week of August, Strive and Strategy both made additional Bitcoin purchases that pushed their holdings higher and reinforced the idea that balance-sheet conviction is still alive.
Strive bought 1,800 BTC for approximately $143 million, per earlier reporting, lifting its holdings to 23,156 BTC. The company paid an average of $79,431 per BTC (including fees and expenses) after purchasing 1,110 BTC the prior week at an average price of $73,409.
Strategy, meanwhile, acquired 4,603 BTC at an average price of $80,318. Those purchases lifted its holdings above 845,000 BTC after four sales since May, according to the same coverage. Together, the two companies illustrate how the late-August bounce translated into concrete treasury actions rather than purely speculative positioning.
BlocksBridge-linked commentary also tied the timing to a broader digital-asset recovery that began Aug. 19 after the US Treasury announced plans to double certain long-term bond buybacks. While that doesn’t “explain” every corporate decision, it provides context for the return of risk appetite across markets—including crypto.
Stablecoins move toward a G7 push for 2027
Beyond BTC and ETH, stablecoin development is drawing renewed momentum from traditional financial institutions. A consortium of 21 major firms—including Bank of America, Goldman Sachs, and Citi—plans to establish a new company to develop and issue stablecoins, representing another step in the long-running effort to build “digital dollars” for real-world payment rails.
The group intends to launch a US dollar-denominated stablecoin in the first half of 2027, with plans to expand to other G7 currencies afterward—starting with a euro offering. The stated objective is to support wholesale, institutional, and retail use cases, including cross-border payments and digital-asset settlement.
The stablecoin initiative builds on an earlier announcement from last October, when 10 banks explored a 1:1 reserve-backed form of digital money on public blockchains. The consortium now spans regions including North America, Europe, East Asia, the Middle East, and Africa, and aims to comply with both the US GENIUS Act and the EU’s MiCA framework.
For market participants, this matters because stablecoin issuance and distribution directly affect on-chain settlement liquidity, off-ramp/on-ramp rails, and how quickly traditional counterparties can connect to tokenized assets. The 2027 target also provides a concrete timeline for builders and compliance teams watching regulatory clarity in major jurisdictions.
Bitmine nears 5% of ETH circulating supply
In the Ethereum segment, Bitmine’s accumulation pace remains unusually persistent. The company extended its ETH buying streak to 65 consecutive weeks, adding 53,501 ETH in the latest reported period as broader crypto prices recovered.
As a result, Bitmine’s holdings rose to more than 5.9 million ETH, valued at roughly $14.8 billion based on an ETH price of $2,511 as of Sunday, in line with the figures reported in the earlier coverage. That put Bitmine’s stake at approximately 4.9% of Ethereum’s 120.7 million circulating supply—leaving it close to its stated 5% goal.
Bitmine chairman Tom Lee said Ether, Bitcoin, and Solana were the three best-performing major assets since June 30, with ETH leading gains. He also argued that the relative performance against other macro assets should encourage institutions to add to their crypto holdings.
Still, the accumulation has not erased the accounting reality of a drawdown recovery story. According to DropsTab data referenced in the report, Bitmine is sitting on about $5.1 billion in unrealized losses on its Ether holdings—reflecting sustained buying through a downturn that began in late 2022. The company’s willingness to keep absorbing that gap while the market rebounds is central to why its supply share has climbed despite volatility.
What to watch next
With miners responding sharply to BTC momentum, treasuries continuing to add during recovery phases, and major institutions pushing stablecoin plans toward 2027, the next signal will be whether these themes hold as volatility returns—particularly whether AI-linked infrastructure continues to lag (or catch up) when Bitcoin’s direction changes.
This article was originally published as Bitcoin’s Rally Leaves AI Tokens Behind in Crypto Markets on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Trezor says the fallout from a data breach linked to its fulfillment processes is wider than it previously estimated. In an updated message posted to X on Friday, the hardware wallet provider reported that an additional 67,000 US customers may have had their full order details exposed after a shipping partner allegedly failed to delete data tied to specific orders.
Trezor emphasized that its own systems were not compromised. Instead, it pointed to third-party handling of order information, warning that the exposed details could still create risk for users—primarily through phishing and social engineering attacks aimed at stealing seed phrases.
Key takeaways
Trezor reports that the affected group now includes an additional 67,000 US customers, expanding beyond the earlier estimate.
The company says its hardware wallet systems were not breached, but order data may have remained accessible through a shipping provider.
Exposed details include names, emails, shipping addresses, and order information—data that can help scammers craft convincing impersonation scams.
Trezor warns the most serious risk is attackers using phishing to trick users into revealing seed phrases.
What Trezor says was exposed—and who is potentially at risk
According to the update posted by Trezor on X, the expanded estimate is connected to new information from its shipping provider, ShipMonk. Trezor said the breach may endanger users who placed orders between November 2019 and August 2021, a timeframe tied to those orders being potentially associated with accessible records.
In Trezor’s account, the exposed information would include full customer details such as a user’s name and email address, the shipping address used for the order, and order specifics. While that does not, by itself, grant access to a wallet, it can substantially lower the effort required for scammers to appear legitimate.
Trezor also indicated that these users had “full details exposed,” and it placed responsibility on ShipMonk for allegedly not deleting the order data from those records. The company said it had received written assurances from ShipMonk, according to the Friday update.
Why order-data breaches matter for hardware wallets
Hardware wallet security is designed to protect seed phrases and private keys from direct compromise. However, phishing is a different threat model: attackers do not need to break cryptography if they can trick users into voluntarily handing over the recovery information.
Trezor’s warning centers on that impersonation angle. With personal and order information in hand, attackers can send more targeted messages pretending to be Trezor support or other legitimate channels. If users follow the instructions in those messages, attackers could attempt to obtain seed phrases—the core secret that controls access to funds stored on a wallet.
Even if the breach did not expose wallet credentials directly, the disclosed details can make scams more believable, increasing the likelihood that some recipients will engage with fraudulent prompts.
How the estimate evolved over time
The updated number represents a clear change from earlier reporting. In August, Trezor initially estimated that about 14,000 users had their data exposed through ShipMonk, according to earlier coverage from Cointelegraph. Later, in January 2024, Trezor reported that roughly 66,000 users were at risk of phishing attacks if they contacted the company’s support team after December 2021.
By contrast, the new update on Friday frames the exposure in terms of a larger pool of US customers—those who ordered between November 2019 and August 2021—and it describes the data as fully detailed, rather than limited to a narrower set of circumstances.
This progression matters because it shifts the practical risk assessment for users. Instead of viewing the incident as affecting a small group—or as primarily tied to interactions with support—Trezor is now indicating that a much wider set of customers may have had sufficient personal and purchase context to support highly targeted phishing attempts.
Impersonation scams remain a major driver of crypto losses
Phishing and social engineering have repeatedly been shown to succeed without exploiting software vulnerabilities—largely because they rely on human trust and urgency. That dynamic has been reflected in security reporting for the broader crypto sector.
According to Hacken’s reporting cited in earlier Cointelegraph coverage, phishing attacks and social engineering accounted for $306 million of the $482 million lost in the first quarter of the year—making up the majority of industry losses during that period. The figure underscores that even when systems remain secure, compromised or leaked personal data can still fuel harmful scams.
Real-world examples also illustrate how convincing these approaches can be. Earlier coverage from Cointelegraph described a case in which a crypto investor lost nearly $1 million after signing a malicious token-approval phishing transaction on Ethereum.
What users should watch for next
With Trezor warning that attackers may use the exposed order details to impersonate the company, users in the affected period should remain alert for unsolicited messages that reference their purchase, ask for recovery information, or direct them to “support” pages. The immediate uncertainty is how many scam attempts will follow—but the underlying threat model (phishing toward seed phrases) is already clear from Trezor’s own assessment.
This article was originally published as Trezor Confirms Data Breach Impacts 67K More U.S. Customers on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.