Author: James Wilson
Bitcoin’s ability to extend its August rally has come under a fresh test as analysts have pointed to sustained spot ETF demand as a key requirement for overcoming rising expectations of a September Federal Reserve rate hike. Summary Bitcoin is trading near $78,700 after retreating from last week’s high above $81,000. Bitfinex analysts say spot buying and relatively contained leverage suggest the market is not showing signs of overheating. CoinEx’s Jeff Ko sees $80,000–$83,000 as a major supply zone where real capital allocation will be tested. BTSE’s Jeff Mei says ETF demand needs to remain strong across multiple funds, while…
HKDAP could move the Hong Kong dollar beyond payments and into cross-border settlement, corporate treasury management and tokenized finance as regulated stablecoins gain a role in Hong Kong’s on-chain financial system, according to a HashKey researcher. Summary HashKey senior researcher Tim Sun sees HKD stablecoins becoming an on-chain settlement vehicle rather than simply another payment method. Insurance has emerged as an early HKDAP use case, with HashKey and YF Life already completing a live transaction using real funds. Trade settlement, corporate treasury management and tokenized assets could provide additional uses as HKDAP’s institutional network expands. Sun said HKD stablecoins could…
Solana price traded near $102.50 on Aug. 31 after retreating from a weekly high of $110.04, but its daily and 4-hour charts show that the broader August breakout remains intact above $100. Summary Solana price gained 4.2% from Aug. 25 through Aug. 31 despite falling 6.8% from its weekly high. Daily RSI cooled to 68.43 after moving above 70 during the late-August rally. 4-hour Supertrend support sits at $100.95, making $100 the main short-term level for bulls. Liquidation clusters near $100.50 and $104–$105 could amplify Solana’s next move. Solana price cools after reaching $110 According to data from crypto.news, Solana…
Ethereum price traded near $2,455 on Aug. 31 after buyers again failed to hold the price above $2,500, leaving ETH confined between major resistance and support near $2,400. Summary Ethereum price slipped about 1% from its Aug. 25 opening price despite retaining a 28% monthly gain. The daily RSI cooled to 68.34 after moving above 70 during the August rally. Liquidation clusters sit near $2,545–$2,575, while leveraged positions also gather around $2,390–$2,410. A break above $2,550 could expose $2,650, but losing $2,400 would weaken the recovery. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price opened the…
Australian authorities charged two Western Australian men on Aug. 26 following a joint investigation into the alleged TeamPCP cybercrime syndicate. Summary Australian police charged two Western Australian men with fourteen offences following the TeamPCP cybercrime investigation. Authorities estimate malicious software potentially compromised over 1,000 organizations and exposed more than 500,000 credentials. Investigators allege the syndicate stole at least 300 gigabytes of data from downstream software customers. U.S. prosecutors separately indicted Thomson on federal computer crime charges carrying maximum five-year prison terms. Police said cryptocurrency payments remain under investigation and disclosed no seizure value or laundering total. The Australian Federal Police…
Bitcoin traded near $78,400 on Aug. 31 and headed toward its strongest August performance since 2017 after gaining roughly 24% during the month. Summary Bitcoin traded near $78,400 after gaining roughly 24% during August, its strongest August since 2017. U.S. spot Bitcoin ETFs attracted $1.92 billion during their strongest weekly inflow since October 2025. Crypto derivatives recorded $6.55 billion in short liquidations across two weeks, according to CoinGlass data. Treasury will double bond buybacks to $4 billion per operation beginning on September 9. Bitcoin must reclaim $80,000 to strengthen momentum, while September jobs data could reset rate expectations. BTC recovered…
Zakura released an open-source cryptography toolkit on Aug. 29 that it says can reduce the time required to construct some private Zcash transactions from more than three seconds to below 200 milliseconds. Summary Zakura Common cuts transaction construction from over three seconds to under 200 milliseconds, developers claim. Mobile proof generation improved more than fourteenfold, while desktop benchmarks showed gains exceeding fivefold overall. Sinsemilla hashing accelerated more than twenty-onefold, while proof verification improved between fourfold and eightfold overall. Wallet developers can adopt the open-source libraries without requiring a coordinated Zcash network upgrade first. Zakura version 1.3.0 uses the stack, while…
The European Central Bank has strengthened its privacy commitments for a potential digital euro as Revolut has begun rolling out its first euro-backed stablecoin, EURR, to selected customers across three European markets. Summary Revolut has begun rolling out its EURR euro stablecoin to eligible users in Denmark, Poland and Portugal. EURR is issued by Stripe owned Bridge and initially runs on Ethereum, with wider EEA availability planned. The ECB says its digital euro would provide the highest privacy level current technology can support. Offline digital euro payments would remain visible only to the payer and recipient, while banks would retain…
Cronos halted block production on Aug. 30 after detecting an exploit involving Tectonic, a decentralized lending protocol operating on the blockchain. Summary Cronos validators halted block production after Tectonic disclosed an exploit affecting its decentralized lending protocol. Researchers estimate roughly $75 million was affected, but Tectonic has not confirmed total losses publicly yet. Approximately $6 million reached Ethereum before the halt, according to researcher Weilin Li’s address analysis online. Crypto.com said its centralized app and exchange remained operational, with customer funds there unaffected throughout. Cronos and Tectonic have not announced a restart timetable, recovery plan, or user compensation framework. Independent…
Sberbank plans to expand its crypto-backed lending business by accepting Bitcoin, Ethereum and Tether’s USDT as collateral, Deputy Chairman Anatoly Popov told TASS on Aug. 28. Summary Sberbank plans to accept Bitcoin, Ethereum and USDT as collateral after required regulatory approval arrives. Russia’s new crypto market framework takes effect September 1, 2026, under formal central bank supervision. Non-qualified investors may purchase 300,000 rubles annually through each intermediary after passing mandatory knowledge tests. Sberbank completed a Bitcoin-backed loan pilot with Russian mining company Intelion Data during December 2025. Cryptocurrency payments for goods and services remain prohibited within Russia despite the expanded…