In the latest Ethereum news today, Bitmine is 187,000 ETH away from owning 5% of the entire Ethereum supply, and last week’s buy closed the gap fast.
The company acquired another 32,447 ETH last week, a purchase worth roughly $81 million, pushing total holdings to 5,847,611 ETH valued at around $15 billion as of August 23.
That leaves Bitmine roughly 187,000 ETH short of its self-imposed target of 5% of Ethereum’s supply, which equals roughly 6.04 million ETH against Ethereum’s approximately 120.7 million token total.
BitMine provided its latest holdings update for August 24, 2026 $14.9 billion in total crypto + "moonshots": – 5,847,611 ETH at $2,440 per ETH per ETH (per @coinbase) – 210 Bitcoin (BTC) – $180 million stake in Beast Industries @MrBeast – $89 million stake in Eightco Holdings…
The timing lines up with a strong market. ETH is up 31.5% over 7 days, versus Bitcoin’s nearly 24% gain over the same period.
The accumulation is not sitting idle either. 87% of Bitmine’s ETH, 5,067,309 tokens, is staked, with the company projecting $330 million in annual staking revenue.
Ethereum News Today: ETH’s Outperformance Drives the Timing
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The purchase comes as Ethereum posted its largest weekly gain in more than a year, rising roughly 31% since August 19. ETH is currently trading just under $2,500, up almost 3% on the day, and that move has flipped sentiment on prediction markets: Myriad traders now price 64% odds that ETH hits $3,000 before dropping to $1,500, a reversal from bearish odds as high as 74% less than a week earlier.
Bitmine’s accumulation campaign began last summer, when the firm reached roughly 1% of Ethereum’s supply that August and 2% by September. Holdings passed 4.66 million ETH in March 2026 and 5.2 million in May, tracking a steady if uneven buying pace that Chairman Tom Lee said would slow to avoid crossing the 5% threshold too quickly.
That pace didn’t stay slow – by late July, the company’s stack had already climbed to 5.79 million ETH.
The renewed institutional bid lines up with broader ETF demand data. Ethereum ETF inflows have also picked up in recent sessions, reinforcing the same risk-on rotation into ETH that Bitmine’s buying reflects.
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“This is the largest weekly gain since May 2025, prior to that it was July 2021. In those two precedent instances, this weekly gain of >30% signaled a launch point for a larger move in ETH.”
Tom Lee, Chairman of Bitmine, made that comparison in a statement on Monday. He pointed to easing financial conditions, White House support for crypto, and Treasury purchases of long-term bonds as factors improving investor appetite for risk, a framing that treats the current rally as structurally similar to prior breakouts rather than a one-off spike.
Hitting the 5% mark is Bitmine’s own target, not a protocol-level threshold. Crossing it would not trigger any change to Ethereum itself or grant Bitmine control over transactions, upgrades, or governance; the company would simply hold a larger, more concentrated position in an asset it already stakes at an 87% rate.
For BMNR shareholders, that concentration cuts both ways. More ETH at 5% means more staking revenue if Ethereum performs well, but also greater exposure to falling prices, custody failures, financing costs, and regulatory shifts if it doesn’t.
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NEW EPISODE – What’s Next for BitMine After 5% of ETH?@BitMNR is closing in on its goal of owning 5% of all ethereum:native after 60+ straight weeks of buying. Chairman @fundstrat joins @TrustlessState to break down what happens after 5%, why BitMine may keep accumulating, and… pic.twitter.com/bDDjSWhIn8
Bitmine has not said whether it plans to stop buying once it reaches the threshold, leaving the pace of future purchases as the open variable heading into the next disclosure cycle.
Whether ETH’s current strength holds may hinge on the same thesis driving Bitmine’s buying: institutional capital rotating into Ethereum ahead of broader adoption narratives, a case laid out in recent commentary on Ethereum’s positioning for 2026.
Bitcoin has staged a sharp recovery from the $60K demand zone, breaking above several major technical barriers and reclaiming the $72K-$74K area. The latest move has pushed BTC toward the $80K resistance zone, where momentum is beginning to show signs of exhaustion. At the same time, the on-chain picture has improved materially, with the average market participant taking profits again.
Bitcoin Price Analysis: The Daily Chart
The daily chart shows a significant structural improvement. BTC spent several months consolidating below a descending trendline, with the $60K-$67K area acting as the main range. The breakout above the trendline and the $67K resistance zone was followed by an aggressive move higher, first through $72K-$74K and then toward the current $80K area.
Bitcoin is also now trading above the 100-day (~$66K) and 200-day (~$70K) moving averages shown on the chart, which have also started to flatten or turn higher. This suggests that the broader structure has shifted from consolidation toward a more constructive trend. The previous resistance around $72K-$74K could therefore become the first major support zone if the market enters a pullback.
However, the $80K-$82K region is an important obstacle. It corresponds to the upper resistance zone visible on the chart and is close to the recent local highs. A decisive daily breakout above this area would strengthen the bullish structure and could open the door toward the next major resistance around $95K.
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Momentum is the main near-term concern. The daily RSI has surged into the overbought region following the vertical rally. This does not necessarily signal an imminent reversal, as strong trends can remain overbought for extended periods, but it does suggest that BTC may need to consolidate or retrace before attempting another sustained leg higher.
BTC/USDT 4-Hour Chart
The 4-hour chart provides a clearer picture of the recent breakout. BTC spent most of July and August inside a broad contracting structure, bounded by a descending upper trendline and a gradually rising lower boundary. The eventual breakout around $66K was decisive, producing a near-vertical advance through the $72K-$74K resistance zone.
After reaching $80K, Bitcoin has started to consolidate below the latest high. The price is currently around $78K, while the RSI has pulled back substantially from its previous peak. There is also a visible bearish divergence, with the price making a higher high while the RSI forms a lower high. This suggests that short-term momentum is weakening even though the broader breakout structure remains bullish.
The immediate resistance is therefore the $80K zone. A clean 4-hour close above it, followed by a successful retest, would provide stronger confirmation that the breakout is continuing rather than simply producing a local relief rally.
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On the downside, $72K-$74K is the key near-term support. Holding above this zone would keep the breakout structure intact. If BTC loses it, the next important area is around $64K, which was the original consolidation zone and should now act as a major test of whether the overall trend reversal is genuine.
On-Chain Analysis
The adjusted SOPR chart provides an encouraging confirmation of the recent price recovery. Adjusted SOPR measures whether spent Bitcoin is, on average, being realized at a profit or a loss. The 1.0 level is particularly important: readings above 1 indicate that coins are generally being spent at a profit, while readings below 1 indicate that losses dominate.
The metric spent a prolonged period below 1 during Bitcoin’s previous correction, reflecting persistent loss realization. More recently, aSOPR has rebounded sharply, and its 30-day EMA has also turned higher and moved above the 1.0 threshold.
This is an important improvement because it suggests that profitable spending has returned alongside the price recovery. Historically, a sustained move above 1 can support a transition toward a healthier bullish market structure, particularly when the metric’s trend is also rising.
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That said, the latest jump is quite steep, meaning some short-term cooling would not necessarily invalidate the broader signal. If aSOPR remains above 1 during any BTC pullback, it would suggest that holders are still realizing profits rather than capitulating. Conversely, a return below 1 would weaken the bullish interpretation and could indicate that the recent recovery is losing underlying strength.
The Securities and Exchange Commission (SEC) sent its crypto custody rule rewrite to the White House on Tuesday. The text is secret. The filing’s labels are not, and one of them gives the direction away.
The proposal, called Amendments to the Custody Rules, reached the Office of Management and Budget (OMB) on August 25. The rule decides how investment advisers may hold client crypto.
The SEC Just Moved the Rule Crypto Institutions Need. Source: reginfo.gov
What the SEC Crypto Custody Filing Tags Reveal
The OMB record carries two labels. The first is economically significant. That tag marks rules with at least $100 million in yearly economic impact.
The second label matters more. The filing sits in the deregulatory column under Executive Order 14192. President Donald Trump signed that order in January 2025. It tells agencies to scrap ten rules for every new one they write.
So before anyone reads a single line, the direction is on record. The SEC plans to loosen crypto custody duties, not tighten them.
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The agenda abstract adds two more facts. It names crypto assets directly, and it targets a formal proposal for October. That step opens a public comment period.
A Reversal Two Years in the Making
Today’s rule forces advisers to park client assets with a qualified custodian, usually a bank or broker-dealer. Few of those firms would touch crypto. That left advisers with almost no compliant way to hold it.
Former Chair Gary Gensler pushed the other way. His 2023 Safeguarding Rule would have widened custody duties, and his staff probed advisers over custody. The agency withdrew that plan in June 2025.
Since then, named players have shaped the rewrite. Venture firm Andreessen Horowitz asked the SEC to modernize crypto custody rules.
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In December 2025, lawyers from Delphi Ventures and Multicoin Capital sent the agency a custody framework. It asks for room to use multi-signature and multi-party computation (MPC) wallets. These tools split key control, so no one party can move the assets.
One Week, Two Proposals, and a Senate Clock
The custody filing landed one week after the SEC proposed Regulation Crypto Assets, a fundraising regime for tokens. The pair covers both ends of the market. One sets how projects raise money. The other sets how institutions hold it.
“As we continue the Commission’s efforts to provide clarity for crypto markets, and as Congress works to establish a lasting regulatory framework, Regulation Crypto Assets seeks to provide … clear pathways to raise capital under the federal securities laws,” SEC Chairman Paul Atkins made the point in the agency’s August 18 statement.
Congress, meanwhile, is stuck. The House passed the Clarity Act 294-134 in July 2025. The bill would split crypto oversight between the SEC and the Commodity Futures Trading Commission (CFTC). It has sat in the Senate since, and now faces a 60-vote test around September 15. Its passage odds remain shaky.
The SEC is not waiting for that vote. Two signals come next. How long OMB holds the rule, and which firms request meetings while the text stays sealed.
XRP is trading at $1.43 as the token settles into a tight range after last week’s fireworks. The bigger number nobody’s talking about yet: how much further this consolidation phase could drag before the next real directional signal fires. Here’s our XRP price analysis.
So where will XRP go next? The answer might matter less than what’s happening several rungs down the market-cap ladder.
The backdrop here is a violent round trip. XRP erased its most bearish technical signal last week and ripped 46% in seven days, briefly pushing past a $91 billion market cap and touching $1.55 intraday. The Average Directional Index hit 44.8 during that run, which confirms genuine trend strength, not noise.
XRP just did XRP things From glued to $1.00 for 3 straight days → to almost touching $1.69 in a single explosive move Look at that liquidation heatmap longs got REKT on the wick up, shorts got REKT on the way there too Now cooling off around $1.45-1.50… is this the… https://t.co/I7gwlrSgr2pic.twitter.com/fZnC63NrW8
Then the wall showed up. Two straight down days followed, with the latest daily candle closing at $1.45 after opening near $1.48, and the spot has since ground lower to current levels.
Extreme greed just returned to crypto markets for the first time since 2024, yet XRP’s pullback shows sentiment alone doesn’t override exhausted momentum. That tension between macro optimism and micro technicals is exactly where this XRP price analysis needs to start.
At $1.43, XRP sits 4.5% off yesterday’s levels and well below the $1.7 high printed during the breakout top. Volume has thinned noticeably compared to the vertical leg from the $1.00 August low, a pattern typical of relief rallies losing steam rather than trends reversing outright.
Short-term pivots place immediate support near $1.31–$1.30, with layered resistance stacking from $1.51 up to $1.62. Zoom out, and the structural floor near $1.00 remains the level that matters most, and a break below opens downside toward $0.96–$0.88.
Xrp (XRP)
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If XRP can reclaim $1.50 on rising volume, it can retest $1.62. Or continued chop might happen between $1.30 and $1.50 while the market digests the prior leg.
But a break below $1.30 drags the price back toward the $1.00 floor. The pair itself is trading in an unusually narrow intraday band, reinforcing the indecision.
Bitcoin Hyper Targets Early Mover Upside as XRP Stalls Below Resistance
Anyone who bought the $1.00 bottom is sitting comfortably. But at a $90 billion market cap, XRP’s remaining upside from here requires enormous capital inflow just to move the needle another 10%.
The above math is precisely why traders with risk appetite are increasingly scanning presale markets for asymmetric setups instead.
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Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with native SVM integration with smart contract execution built for speeds faster than Solana itself, layered onto Bitcoin’s base-layer security.
The presale has raised $33 million so far, with tokens priced at $0.0136852 and a high 35% staking rewards currently live. Its Decentralized Canonical Bridge aims to solve Bitcoin’s long-standing programmability gap like slow transactions, high fees, zero smart contract flexibility, without compromising the security model that makes BTC valuable in the first place.
XRP is trading at $1.41, down 2% over the past 24 hours in a mild pullback after one of the sharpest weekly moves in the top-10. The token is still up more than 45% over seven days, and the question everyone’s asking is whether this is the start of something bigger or just a leveraged bounce running out of road.
XRP gained 50% over the trailing week, outpacing every other major altcoin, with a 40% move over 30 days despite still sitting 20% down year-to-date. Analyst Ali Charts flagged a 650% spike in active addresses, from 47,180 to 356,070.
Crypto Market Cap Ranking, CoinGecko
All the signs are pointing to a move that is typically associated with sharp participation surges and, historically, elevated volatility. Receiving addresses reportedly jumped by over 698%, and three consecutive days of record Bitwise XRP ETF volume indicate “real accumulation.”
Whale positioning tells a more nuanced story than the retail hype cycle suggests. Long positions that dipped after initial profit-taking are climbing again. This means that smart money that already booked gains and is now rebuying the dip in a pattern that usually precedes continuation, not collapse, provided macro conditions cooperate.
At just above $1.40, XRP sits in a post-breakout consolidation zone. Technical structure points to resistance at $1.51, $1.53, $1.57, and $1.62, while support is layered at $1.31, $1.30, and a much stronger floor near $1.00. The 24-hour flatness-to-slight-decline pattern suggests traders are digesting the prior surge rather than reversing it outright.
The bull case comes if XRP closes above $1.51 on sustained ETF inflow volume, opening a run toward $1.62-plus, with some analyst models citing $2.50 upside if fresh catalysts emerge. Consolidation between $1.31 and $1.52 could also happen, but a break below $1.30 invalidates near-term bullish structure and puts the $1.00 zone back in play.
Xrp (XRP)
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$10 this year would require roughly a 7x move, which is not impossible in crypto, but nothing in the current data (ETF flows, address growth, whale re-entry) points to a catalyst of that magnitude yet. Worth tracking, not betting the farm on.
Maxi Doge Targets Early Mover Upside as Ripple Token Tests Key Levels
XRP holders riding this rally have reason to feel validated, as a 45% weekly gain is nothing to scoff at. But XRP’s $80 billion market cap means even a run to $2.50 is “only” a double.
For traders chasing asymmetric upside, that math starts looking thin against something still in presale.
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Enter Maxi Doge ($MAXI), an Ethereum-based meme token built around 1000x-leverage trading culture, think gym-bro energy meets degenerate trading floor.
The presale has raised $4.8 million at a current price of $0.0002835, with dynamic APY staking already live for early buyers. Standout features include holder-only trading competitions with leaderboard rewards and a dedicated Maxi Fund treasury for liquidity and partnerships.
The tagline, “never skip leg-day, never skip a pump,” sums up the pitch: lift, trade, repeat.
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Research Maxi Doge before the presale window closes.
TIME and Statista have launched the 2026 list of Best Employers, based on independent employee surveys conducted in countries around the world. In Australia, Statista gathered 200,000 evaluations from employees across a wide range of sectors. These surveys asked open-ended questions about employees’ willingness to recommend their own employer and their willingness to recommend other employers in the same industry. The top 300 employers, ranked based on these results, were named Australia’s Best Employers 2026.
Although U.S.-based Apple leads the list, the majority of Australia’s top-ranked employers are locally based. These include New Zealand-founded fintech Xero (no. 2), homegrown software giant Atlassian (no.4), newer unicorn Canva (no.9), and more esoteric tech companies like casino slot machine manufacturer Ainsworth Game Technology (no. 10) and digital-first contractor Built Construction (no.8). The prevalence of tech firms as hotspots for talent signals a wider boom amid Australia’s startup scene, which in recent years has been attracting attention and investments from venture capitalists. According to a 2026 report from Side Stage Ventures, startups in Australia are using venture funding more efficiently than any other country, producing 1.22 unicorns for every $1 billion invested.
See the full list of Australia’s Best Employers of 2026 below:
The clip on Barron Trump follows a similar video released by the IRGC-affiliated Tasnim News Agency in July, which focused on First Lady Melania Trump, Barron’s mother. The July video also outlined alleged vulnerabilities in her security to carry out an assassination attempt, and ended with a threat: “Barron Trump, wait for us!”
Trump has been the subject of such threats from Iran since his first term. Iranian leaders have long targeted Trump since he ordered the airstrike that killed Iranian General Qasem Soleimani in early 2020.
Trump further enraged Iran when the U.S. launched a war with it in late February, with its revered Supreme Leader Ayatollah Ali Khamenei killed in the early strikes. His son and successor, Mojtaba Khamenei, has since vowed to avenge the death.
Portrayals of the deaths of Trump and his family have since been central imagery to Iran’s revenge narrative. Last month, a mural depicting portraits of the U.S. First Family on top of coffins draped in the American stars and stripes appeared in Palestine Square in central Tehran. The same month, in Enqelab Square, the site of pro-Khamenei demonstrations, especially following his passing, a billboard showed what appears to be Trump’s body peeking out of a coffin.
Cardano founder Charles Hoskinson says the network will “win this fight,” as ADA rebounds 26% and criticism of the ecosystem grows louder. He also revealed that cooperation with Ethereum developers could produce a working integration within months.
The comments offer Hoskinson’s clearest answer yet to claims that Cardano is losing relevance.
That criticism has intensified following ADA’s sharp decline from previous market highs, alongside ongoing governance disputes and struggles affecting some ecosystem projects. Some observers have questioned whether Cardano can maintain its position among leading crypto networks.
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“It’s 2026, and we’re still talking about Cardano. We’re still inviting Charles to conferences, treating Cardano as newsworthy, accepting its sponsorship money, and giving it airtime on podcasts. Then we wonder why this industry struggles for credibility. We deserve the reputation we have. No serious industry keeps rewarding irrelevance like this,” ARK Invest’s Lorenzo Valente previously noted on X.
Hoskinson rejected that narrative, continuing to encourage the community to focus on the network’s long-term potential rather than short-term price action. He has previously stated his ambition for ADA to eventually become the largest crypto by market cap.
“Don’t bet against me, we’re gonna win this fight,” Hoskinson said, responding to questions about the network’s ability to recover and compete going forward.
ADA price performance offered some support for his optimism. The altcoin gained roughly 26% over the last week, according to BeInCrypto data.
Beyond price action, Hoskinson pointed to concrete development work underway.
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Ouroboros Leios aims to significantly increase Cardano’s transaction-processing capacity, while Hydra remains a key Layer-2 initiative designed to support faster, more efficient transactions as the network competes with Ethereum and Solana on scalability and adoption.
ADA Price Chart. Source: BeInCrypto
Cardano Founder Backs Collaboration With Ethereum
After years of rivalry, Hoskinson said Cardano and Ethereum developers should work together. He wants Ethereum to explore Cardano’s UTXO-based technology, which changes how transactions and smart contracts are processed.
He said the collaboration would require no funding or apologies over past disputes and could produce a working integration within months.
“… it’s not like we would just be like no we don’t want to work with you. We’d be actually that’s great for both ecosystems. This is a natural easy academic and engineering collaboration which requires no transfer of money, no apologies, just an acknowledgement and just an desire to work together,” Cardano founder noted.
For Cardano, such cooperation could give its technology a much larger stage. It would also help Cardano connect more closely with Ethereum and show that ideas developed within its ecosystem can have value beyond ADA’s price.
Revolut began rolling out EURR, its first euro-denominated stablecoin, on August 26. The launch starts with selected customers in Portugal, Poland and Denmark, with wider EEA availability planned later this year.
But for European users, the obvious question is why use EURR when Revolut already offers USDC — or when users can simply keep euros in their account?
Three Things We Know About Revolut’s New Stablecoin
Revolut does not actually issue EURR. Bridge Building S.A., a Luxembourg-regulated company owned by Stripe’s Bridge, issues the token. Holders can redeem EURR with Bridge at €1 per token.
Also, its clearest difference from USDC is currency exposure. USDC tracks the US dollar, so its value in euros moves with EUR/USD. EURR tracks the euro, letting users move euro-denominated value onto Ethereum or Polygon without first taking dollar exposure.
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Euro stablecoins are coming to @Revolut. EURR is now rolling out, allowing eligible users to hold euro-denominated balances, move between euros and crypto, and send to external wallets on supported networks. Issued on @Stablecoin‘s Open Issuance platform under our EMI license… https://t.co/0NwoSlLWKy
However, this is still a tiny rollout. Bridge’s reserve page showed just 374 EURR in circulation at launch, backed by €374 in cash deposits. That makes EURR closer to a controlled pilot than an established rival to USDC.
The biggest unanswered question is why the average Revolut customer should use EURR at all.
Revolut says EURR will connect fiat, crypto, external wallets and blockchains. But it has not announced a clear pricing advantage over USDC.
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Its current fee schedule already allows supported fiat-to-stablecoin conversions without transaction fees within certain plan limits.
It is also unclear whether EURR withdrawals will be cheaper than USDC, where outside liquidity will come from, or whether Revolut will add payment or rewards features.
For now, EURR solves one clear problem. It lets Europeans take euros on-chain without converting them into digital dollars.
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