Crypto World
Cardano whales buy the dip as ADA reclaims $0.211
Key takeaways
- Cardano slipped to around $0.210 after losing more than 7% this week.
- Whales holding between 10 million and 100 million ADA accumulated 160 million tokens since Sunday.
- ADA’s long-to-short ratio fell to 0.74, indicating that bearish positions dominate the derivatives market.
Cardano is trading at $0.210 on Friday after declining more than 7% since the beginning of the week.
Despite the pullback, on-chain data shows that some large investors are accumulating ADA.
However, conflicting derivatives and on-chain signals suggest traders remain uncertain about whether the cryptocurrency can recover or extend its decline.
Cardano whales accumulate 160 million ADA
Santiment’s Supply Distribution data shows that large Cardano holders have been buying ADA during the latest price correction.
Wallets holding between 10 million and 100 million ADA accumulated approximately 160 million tokens since Sunday. The purchases indicate that some whales continue to view the lower prices as a long-term buying opportunity.
However, the accumulation has yet to generate enough demand to reverse ADA’s short-term decline.
Whale buying during a pullback can support a positive longer-term outlook, but it does not guarantee an immediate recovery—particularly when broader market sentiment remains cautious.
Cardano’s derivatives indicators present a mixed outlook. CoinGlass data shows that ADA’s long-to-short ratio stood at 0.90 on Friday, approaching its lowest level in more than a month.
A ratio below one indicates that more traders hold short positions than long positions, reflecting expectations of further price declines.
The reading suggests that bearish traders continue to dominate the derivatives market despite the recent accumulation by whales.
ADA’s funding rate paints a slightly more optimistic picture. CoinGlass data shows that the token’s open interest-weighted funding rate turned positive on Thursday and reached 0.0013% on Friday.
A positive funding rate means traders holding long positions are paying those with short positions. This typically indicates that bullish positions are becoming more prominent, even though the long-to-short ratio continues to favor sellers.
The divergence between the two indicators highlights the uncertainty surrounding Cardano’s near-term direction.
CryptoQuant’s summary data supports this cautious view. Although the futures market has recorded large whale orders, selling activity remains dominant, while several other indicators are neutral.
Together, the metrics point to indecision rather than a clear bullish or bearish trend.
Cardano holds above key moving averages
ADA traded around $0.210 on Friday after losing more than 7% during the week. Despite the decline, Cardano remains above its 50-day and 100-day Exponential Moving Averages at $0.190 and $0.197, respectively.
Holding above these averages gives ADA a slightly bullish short-term bias, although the token continues to trade below significant overhead resistance.
Momentum indicators are also cooling. The Relative Strength Index has retreated toward the upper-50 region, while the Moving Average Convergence Divergence histogram is contracting.
These readings suggest that the buying momentum behind Cardano’s recent rebound is weakening.
Cardano’s first major resistance sits at $0.213, corresponding with the 50% Fibonacci retracement level of its latest decline.
A close above this level could allow ADA to target the 61.8% Fibonacci retracement at $0.231, followed by horizontal resistance at $0.236.
Beyond those levels, ADA faces a significant supply zone between the $0.245 horizontal resistance and the 200-day EMA at $0.246. A decisive break above this area would strengthen the bullish outlook and potentially clear the way for further gains.
On the downside, immediate support sits near the 38.2% Fibonacci retracement level at $0.195.
This region is reinforced by the 50-day and 100-day EMAs, making it an important support cluster for Cardano bulls. A sustained close below it could expose the 23.6% Fibonacci retracement level at $0.173.
If selling pressure intensifies and ADA loses $0.173, the token could retreat toward its stronger structural support around $0.150.
For now, whale accumulation offers some encouragement, but mixed derivatives data and weakening momentum leave Cardano’s short-term recovery uncertain.
Gold has staged a remarkable comeback, surging almost 14% in August alone and reclaiming levels not seen since May, a stark reversal from late July, when prices had dipped below $4,000. The rally has been driven by a genuinely unusual combination of forces: the US Treasury’s surprise decision to double its long-dated bond buyback programme reignited fears over fiscal credibility and dollar debasement, while persistent Middle East tensions and steady Chinese buying have kept safe-haven demand firmly in place.
All eyes now turn to Fed Chair Kevin Warsh’s Jackson Hole speech, the week’s pivotal event. A hawkish tone or a fresh rise in real yields could trigger meaningful profit-taking after such a sharp run-up, while continued dollar weakness would likely keep gold’s momentum intact. Adding to the tension, this week’s data slate, including preliminary Q2 GDP, jobless claims, and Michigan’s inflation expectations, gives markets plenty of reasons to stay on edge.
With gold already up nearly 96% over the past year and testing territory unseen in months, the metal finds itself balancing two powerful forces: genuine structural demand against a market that may finally be due for a pause.
Technical Analysis of XAU/USD
As the XAU/USD chart shows, gold has been trading within a well-respected ascending trendline since the 4,022 low in late July, having earlier broken decisively above the descending trendline that capped the May–July decline. Price recently touched a fresh high near 4,698, the 0 Fibonacci level, before pulling back and now testing the confluence of the ascending trendline and the 50-period EMA near 4,561.
Bullish Scenario
Should buyers defend this trendline-EMA confluence, the broader uptrend structure remains firmly intact. A renewed push higher would target a retest of the 4,698 high, with a confirmed break above that level opening the door toward the 4,760–4,800 resistance zone and fresh record territory beyond.
Bearish Scenario
Conversely, a decisive break below the ascending trendline and the 50-period EMA would signal that a deeper correction is underway, exposing the 0.382 Fibonacci retracement near 4,440 as the first real test, with a further slide risking a retest of the 0.5 level around 4,360.
With price sitting right at the intersection of a multi-week trendline and the 50-period EMA, gold’s next move looks set to determine whether this powerful August rally has more room to run or whether it’s due for a deeper pause.
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Crypto World
Live updates: Bitcoin options worth $6.4 billion just expired as prices hover near $80,000
The $6.4 billion expiry cleared after bitcoin’s run from roughly $62,000 to $80,000, leaving traders to rebuild positions around a very different price range.
Hyperliquid Strategies’ stock climbed 10.99% to $12.83 on Thursday after the treasury company reported $305.5 million in net income for the fiscal year ended June 30. PURR added another 3.43% to $13.27 in after-hours trading.
The Nasdaq-listed firm finished the period with 29.3 million HYPE tokens and $149.9 million in cash. It carries no debt.
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HYPE Rally Drives the Profit
Most of the earnings came from token price movement. Unrealized gains on the HYPE token reached $709.9 million, according to the company’s results.
A one-time loss of $169.2 million on tokens contributed at the business combination offset part of that figure. Deferred tax expense absorbed another $183.5 million.
Operating income stayed small by comparison. Staking revenue and validator commissions totaled $9.5 million, while interest income added $2.7 million.
Total assets reached $2.06 billion, including $1.9 billion in HYPE valued at $65.04 per token. CEO David Schamis framed the year as a build phase.
“We more than doubled our HYPE treasury, jointly launched a validator that has quickly become one of the largest on the network and completed the exit from our legacy biotech operations,” Schamis said.
Meanwhile, Hyperliquid Strategies raised $646.6 million through a committed equity facility at an average of $8.70 per share. It also deployed $773.4 million to buy roughly 16.5 million HYPE at an average of $46.77.
The company spent $27.8 million repurchasing about 5.8 million PURR shares at an average price of $4.80. Cash stood at $132.6 million as of August 19.
HYPE Treasuries Split From the Sector
HYPE appreciated about 77% during the quarter ended June 30. Total digital asset market capitalization fell roughly 13% over the same stretch.
That divergence separated HYPE-focused vehicles from the rest of the treasury sector, which saw losses. Hyperion DeFi reported record quarterly net income of $31 million this month, driven by similar treasury gains.
Companies tied to other tokens reported the opposite. Bitcoin’s (BTC) largest corporate holder, Strategy, booked an $8.62 billion net quarterly loss.
Bit Digital posted a $107.2 million loss, with roughly $86 million tied to writedowns and non-operating items. Token performance, rather than treasury design, drove most of the gap this quarter.
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The post PURR Stock Jumps 11% After Hyperliquid Treasury Firm Reports Annual Results appeared first on BeInCrypto.
Incoming Apple CEO John Ternus met The Pokémon Company team and Pikachu at Apple Park on Thursday. Tim Cook shared the visit on X ahead of the September 1 handover.
Cook gives up day-to-day control next week. The meeting, therefore, introduced Apple’s next chief to one of the biggest franchises in gaming.
Apple CEO John Ternus Talks Gaming Before the Handover
Cook kept the tone light. He set out a three-item agenda for the day, namely introducing Ternus to the Pokémon team, discussing gaming, and keeping Pikachu away from the Apple Park pond. Two of the three worked, he joked.
The video he posted follows Pikachu across the campus. The mascot dances under the rainbow arch and helps itself to fruit in the orchard. The pond, judging by Cook’s punchline, won in the end.
Ternus arrives with a low public profile after two decades inside Apple’s hardware engineering group. Apple named him chief executive in April. Cook has led the company since 2011 and keeps his board seat as executive chairman.
Tsunekazu Ishihara, president and chief executive of The Pokémon Company, joined the visit. Pokémon has shipped mobile titles on iOS for a decade. Apple, meanwhile, keeps treating games as a services growth engine.
Apple shares closed at $314.58 on Thursday, up 0.36% on the day. The stock has added 37.6% over the past year. It has slipped 7.5% in the past month, however, after the Q3 earnings reaction in late July.
Ternus also takes the job eight days before Apple’s September 9 iPhone keynote. Apple has billed the event with the line “Surprise and shine,” and the iPhone 18 Pro, plus a first foldable iPhone lead expectations.
Nintendo Stock Climbs as Pokémon Worlds Opens in San Francisco
Nintendo gained 3.5% to ¥9,032 in Tokyo on Friday, or about $57 at current rates. The stock still trades roughly 38% under its ¥14,630 record from last year, worth close to $92.
Nintendo co-owns The Pokémon Company with Game Freak and Creatures. Pokémon revenue therefore reaches Nintendo indirectly, on top of Switch software sales.
Nintendo’s fiscal 2026 revenue nearly doubled to ¥2.31 trillion, around $14.5 billion, as Switch 2 shipped. Management has since reaffirmed guidance of 16.5 million Switch 2 units for the current year.
The timing helps. The Pokémon World Championships open at San Francisco’s Moscone Center on Friday and run through Sunday. Gaming has moved markets repeatedly this month. Take-Two lost billions in value after a GTA 6 leak, then answered with a Netflix reveal.
For crypto readers, the Apple CEO handover matters less for games than for App Store policy. Ternus inherits the rules that decide how wallets and payment apps reach iPhone users, an overlooked crypto angle of the transition.
Apple CEO John Ternus starts on September 1. Cook stays on as executive chairman, however, so his influence does not disappear overnight. The September keynote should show how much of Apple’s gaming talk turns into product.
The post Days Before Apple Changes CEOs, Pikachu Showed Up at Apple Park appeared first on BeInCrypto.
Crypto World
Solana ETF Inflows Hit Third-Largest Day Since Launch, Yet History Points to a 20% Risk
Solana (SOL) drew $60.91 million into US spot crypto ETFs on August 27, nearly seven times the previous session and the third-largest day since these funds launched. It was the strongest reading since November 3, 2025.
History gives that milestone an awkward edge. The only two days that ever beat it both arrived just before Solana fell hard.
The Record, and What It Is Not
Cumulative net inflows grew 4.83% in one session (between August 26 and August 27).It is the fastest one-day increase of 2026, lifting the running total to $1.322 billion, per SoSoValue data. Traded value more than doubled to $196.82 million.
Precision matters, though. August 27 was neither the largest inflow day nor the largest percentage jump, and Bitwise’s BSOL supplied about 66% of the total. Five of nine funds saw money arrive, so the day was broad but concentrated.
Access keeps widening around those flows. Morgan Stanley listed its MSOL trust in July, Grayscale added staking distributions in August, and Charles Schwab said on August 27 it would add SOL to its crypto accounts, though that plan is not live yet.
The Two Bigger Days Both Marked Tops
Here is the part worth pausing on. SOL took in $69.45 million on October 28, 2025, then fell 20.1% within seven days and 27.5% within a month. It took in $70.05 million on November 3, 2025, then dropped 21.1% over the next fortnight.
Two cases prove nothing, and the entire market slid through late 2025. Still, record ETF demand has so far arrived near local highs rather than launching new legs.
Why This Time Has More Under It
Unlike those episodes, Solana’s fundamentals are moving with price. Tokenized real-world assets hit an all-time high of $4.167 billion on August 25, with holders up 12.12% in 30 days, per RWA.xyz.
The network earns more too. Fees rose 37.29% against the prior month and DeFi deposits climbed 24.36% to $5.96 billion, per DeFiLlama. Solana’s share of all decentralized exchange volume hit 31.16%, above its 27.65% average.
Capacity expanded ahead of the demand. The maximum block size rose 66% in July and MoneyGram cash rails now reach over 170 countries.
Bigger blocks mean more transactions fit without fees climbing, and MoneyGram lets people convert cash to crypto over a counter, so Solana is expanding both its capacity and its on-ramps.
What the Solana Price Rally Has Not Proved
Two rails still lag. Stablecoin supply rose just 0.59% in 30 days while SOL gained 46.3%, and it sits 4.15% below July’s peak.
Weekly active addresses fell 7.23% even as transactions rose 3.31%, so fewer wallets are doing more, which can mean bots rather than adoption.
Leverage looks deceptive as well. Open interest jumped 62.19% in dollars but only 10.34% in SOL units, meaning most of that build is the token’s own price.
Binance’s taker buy-sell ratio sat at 0.907, below neutral.
Put simply, the crowd has added fewer bets. Also, a ratio under 1 means more traders are hitting sell orders than buy orders. This means that the rally is running without fresh conviction behind it.
Solana Price Levels Into September
SOL trades near $107 after climbing 49.35% since August 16, down 1.66% today. Four moving average crossovers drove that run, ending with the 20-day line clearing the 200-day around August 28.
No fresh crossover is queued. The pullback resembles a bullish pole and flag, where a steep rally pauses before another push. SOL failed at $109.39, and a daily close above it opens $112.80, then $123.83 and $141.68.
Selling volume stays lighter than the August 25 profit-taking, which favours bulls. Below, $105.98 and $101.77 catch a slide, while losing $94.95 breaks the bullish thesis.
Analyst’s View: The difference between now and those 2025 record days is what sits underneath. Back then the flows arrived with nothing but price behind them, while today fees, tokenized assets and DEX share are all rising with SOL. That is the case for treating this record differently.
The post Solana ETF Inflows Hit Third-Largest Day Since Launch, Yet History Points to a 20% Risk appeared first on BeInCrypto.
Visa and Dunamu—best known as the parent company of South Korea’s Upbit crypto exchange—have announced a strategic partnership aimed at exploring how stablecoins could be used for payments, cross-border remittances, and settlement services, alongside AI-enabled commerce.
In a Friday announcement, Dunamu said the two firms plan to combine Dunamu’s digital asset technology with Visa’s global payments infrastructure to study product and service opportunities across major markets. The partnership also points to using artificial intelligence for “agentic commerce,” where AI agents can search for products or services and complete purchases and payments on behalf of users.
Key takeaways
- Visa and Dunamu will test stablecoin-based use cases spanning payments, remittances, and settlement, leveraging Visa’s existing network.
- The partnership frames stablecoins, tokenization, and AI as an interlinked trend reshaping finance and commerce.
- Dunamu said it is evaluating multiple stablecoin options rather than tying the initiative to a single project.
- Open Standard’s dollar-backed OUSD is among the stablecoin proposals being considered, according to Dunamu.
- The parties also plan to explore AI “agentic commerce” scenarios that connect AI-driven purchasing with stablecoin payment rails.
Why Visa and Dunamu are focusing on stablecoins
Dunamu’s announcement places stablecoins alongside tokenization and AI as key forces expected to “change how finance and commerce operate.” The stated goal is to connect digital asset capabilities with traditional finance, which is where Visa’s payments reach could become a critical complement.
Stablecoin-centered initiatives have increasingly targeted real-world payment and settlement pain points—particularly the frictions involved in moving value across borders. By pairing Visa’s network with Dunamu’s digital asset expertise, the partnership suggests an attempt to move beyond pilots and toward workable integration models, though the companies did not specify timelines or deployment details in the announcement.
OUSD enters the conversation, but Dunamu keeps options open
As part of the exploration, Dunamu and Visa said they are considering business models involving Open Standard’s proposed Open USD (OUSD), a dollar-backed stablecoin introduced in June. Open Standard said that more than 140 companies have signed up to use OUSD, naming Visa, Mastercard, Stripe, Coinbase, and BlackRock among them.
Dunamu, however, indicated that OUSD is only one of several stablecoin projects it is evaluating. It also said the partnership has not prioritized a specific stablecoin for the work, signaling that the effort is currently oriented around feasibility and structure rather than committing to a single asset design.
This matters for market participants because stablecoin partnerships often hinge on compliance expectations, issuer and reserve arrangements, and interoperability—factors that can differ significantly between proposals. Dunamu’s stance implies that the partnership could remain flexible as regulatory and technical requirements evolve.
Upbit clarification underscores the partnership’s scope
The news comes against a backdrop of earlier discussion about OUSD and Upbit. In July, Upbit said it was not participating in the issuance of OUSD after Dunamu was named as one of the businesses involved in Open Standard’s initiative.
That clarification indicates that being connected to a stablecoin roadmap through partnerships or infrastructure evaluation does not necessarily translate into direct issuance involvement by Upbit itself. For users and investors watching stablecoin rollouts, the distinction highlights how roles can vary—issuers, service providers, trading venues, and network integrators can all be present in different capacities without assuming identical responsibilities.
Agentic commerce: AI agents plus stablecoin rails
Beyond payments and remittances, Visa and Dunamu said they will also explore “agentic commerce.” In practical terms, this refers to AI agents that can identify products or services and execute transactions—potentially including searching, selecting, and paying—on a user’s behalf.
The companies will examine ways to combine AI with stablecoin-based payment and settlement infrastructure. While the announcement does not provide technical specifics, the direction is clear: stablecoins are being positioned not only as an alternative to traditional settlement mechanisms, but as part of an end-to-end stack that could enable automated purchasing workflows.
For developers and businesses, this raises questions about how AI decisioning, payment authorization, and compliance checks would be integrated. It also suggests that future implementations may focus on controlling risk (fraud and unauthorized spend) while maintaining the speed and global accessibility that stablecoin-based settlement can offer.
What to watch next
Visa and Dunamu’s partnership is an exploratory step, not a guarantee of an imminent stablecoin product launch. The next developments to track are whether the firms narrow down which stablecoin options they can realistically integrate, how they structure settlement and compliance workflows, and whether agentic commerce concepts move from planning into test implementations.
Crypto platforms lost $3.63 billion across 245 documented security incidents between January 2025 and July 2026, according to CoinGecko’s State of Crypto Security Report published on Aug. 27.
Summary
- Crypto platforms lost $3.63 billion across 245 documented incidents between January 2025 and July 2026.
- Ten largest attacks accounted for more than 72.5% of all recorded stolen funds combined worldwide.
- Audited platforms represented 147 incidents and 88.44% of reported losses during the study period overall.
- Only 11% of incidents involved vulnerabilities covered by routine smart-contract audit scopes, CoinGecko reported publicly.
- Active onchain insurance coverage fell 20.2% to $130.2 million while five protocols exited or pivoted.
Losses were heavily concentrated. The ten largest attacks accounted for more than 72.5% of the total stolen value, while infrastructure and supply-chain compromises caused more than $1.8 billion in losses.
CoinGecko identified private-key compromise as the leading risk for centralized exchanges. Decentralized applications lost approximately $546 million through smart-contract exploits, while both platform categories also faced oracle manipulation and internal-mechanism failures.
The figures represent CoinGecko’s incident dataset. The published summary does not clearly state whether every recovered or frozen asset was deducted, so the $3.63 billion should be treated as its reported loss estimate rather than a final net-loss total.
Crypto security losses were concentrated in major attacks
The February 2025 Bybit breach was the largest incident included, accounting for approximately $1.44 billion. The attack involved compromised transaction-signing infrastructure rather than a defect in an exchange smart contract.
Other major incidents included the $292 million KelpDAO breach, the $285 million Drift Protocol attack and the $223 million Cetus exploit. Their different methods show why one security control cannot cover the industry’s complete attack surface.
Infrastructure attacks can target private keys, employee devices, front-end interfaces, software dependencies and bridge operators. These components often sit outside the smart contracts reviewed during conventional audits.
State-backed groups have also adopted longer and more complex operations. As previously reported, two North Korea-linked attacks drained approximately $577 million through social engineering and bridge infrastructure compromises rather than ordinary contract flaws.
Audits covered only a minority of exploited weaknesses
CoinGecko found that 147 of the 245 affected platforms, or about 60%, had completed an independent security audit before they were attacked. Those platforms accounted for 88.44% of recorded losses.
That finding does not establish that auditors approved the vulnerable component. CoinGecko said only approximately 11% of incidents involved flaws that fell within the scope of routine smart-contract audits.
Those in-scope failures still caused about $396 million in losses. Most other incidents involved external infrastructure, unaudited software updates, compromised credentials or governance mechanisms that the audit did not assess.
An audit is also a snapshot of a particular code version. Changes made after the review may introduce new vulnerabilities. Its effectiveness depends on the scope, methodology, auditor experience and whether developers resolved the findings.
In related coverage, Ripple’s security review identified 96 issues before affected code reached users, showing that audits can prevent losses when findings arrive before activation. They cannot replace continuous monitoring and operational security.
Onchain insurance capacity fell as attacks increased
Active coverage across leading onchain insurance protocols declined 20.2%, from $163.2 million to $130.2 million. Cumulative payouts remained near $33 million, according to CoinGecko.
Five of the nine protocols tracked had become inactive or moved into other business areas by August 2026. CoinGecko attributed the retreat partly to elevated risk, expensive premiums and difficulty attracting capital providers.
The $130.2 million coverage figure should not be compared directly with $3.63 billion as a formal coverage ratio. The first is a point-in-time measure, while the second covers cumulative incidents across 19 months.
Policies also contain narrow definitions. Some cover verified smart-contract failures but exclude phishing, private-key theft, employee mistakes, market volatility and losses involving unsupported chains.
Exchanges increasingly rely on self-funded reserves
Centralized exchanges have increasingly established investor-protection funds instead of purchasing full external insurance. These reserves can provide faster reimbursement after a breach.
However, a protection fund is not automatically equivalent to regulated insurance. Coverage depends on the exchange’s terms, reserve custody, asset composition and discretion over qualifying events.
Proof-of-reserves attestations address another issue by showing that an exchange controls assets corresponding to customer balances. They do not establish secure key management or prove that all liabilities have been disclosed.
The report’s next test will be whether platforms expand audits beyond smart contracts into operational systems, bridges and software dependencies. Insurance providers must also determine whether broader protection can be offered without making premiums unaffordable.
Circle (CRCL) and Coinbase (COIN) shares both fell more than 3% after reports that JPMorgan Chase and a consortium of major banks were moving toward issuing their own stablecoins following the advancement of the CLARITY Act. The news focused attention on the potential for traditional lenders to compete with crypto-native issuers such as Circle and Tether.
The selloff followed a Wall Street Journal report that U.S. banks are warming to stablecoins as nonbank issuers expand and executives worry the tokens could encroach on traditional banking. JPMorgan Chase has explored a potential stablecoin, though the discussions remain preliminary and no product is under development.
JUST IN: — Watcher.Guru (@WatcherGuru) August 26, 2026
Bank of America, Wells Fargo, Santander & over a dozen major banks move forward with plans to launch a crypto stablecoin.
Separately, a consortium of more than a dozen banks, including Bank of America, Wells Fargo, and Santander, is advancing plans for a commercial-focused stablecoin. The consortium has discussed a stablecoin covering the U.S. dollar, the euro, and other Group of Seven currencies.
CRCL retail sentiment on Stocktwits slipped from the extremely bullish zone to the bullish zone as chatter stayed at high levels over the past day. COIN sentiment remained in the extremely bullish zone, while chatter also stayed at high levels.
Discover: The Best Crypto to Diversify Your Portfolio
BankChain Alliance Plans a Bank-Owned Network
The BankChain Alliance announced an industry-owned and industry-governed blockchain network intended to enable banks of all sizes to build modern payment rails. According to the Wall Street Journal, the organizations involved, modeled on the Federal Home Loan Bank system, represent about 3,283 institutions and $21.8 trillion in assets. The platform is anticipated to emerge in the first half of 2027.
Planned use cases include treasury management, supply-chain financing, cash management, tokenized deposits, stablecoins, smart payment tools, and automated settlement. The Alliance said it is seeking a technology partner and that the network would be interoperable with other networks and open to ownership by banks nationwide.
Kathy Kraninger, interim chair of the BankChain Alliance and president and CEO of the Florida Bankers Association, said the collaboration is intended to help banks of all sizes build their future and continue serving customers safely and efficiently across rural, urban, and regional communities.
The announcements point to banks exploring on-chain payment and settlement services alongside tokenized deposits and stablecoins. The reported plans remain preliminary in JPMorgan’s case, while the BankChain Alliance network is planned for 2027.
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CLARITY Act Uncertainty and Coinbase Push
Coinbase has become one of the most vocal industry supporters of the CLARITY Act, with CEO Brian Armstrong and senior executives repeatedly urging the Senate to advance the crypto market structure bill. The company has also backed industry lobbying efforts, including a June letter signed by more than 200 crypto organizations calling for a Senate floor vote.
— Coin Bureau (@coinbureau) August 28, 2026
WATCH: Coinbase CEO Brian Armstrong says self-custodial wallets are "the ULTIMATE sovereignty."
Q: You can't get debanked from crypto right?
"Many people including the president himself and his kids got debanked in the United States.”
"If you have a self-custodial… pic.twitter.com/3ERrK095b1
More recently, Coinbase Vice Chair Ryan VanGrack publicly pushed for passage as lawmakers faced mounting pressure to act, while Coinbase backed advocacy group Stand With Crypto, which endorsed congressional candidates who previously supported the legislation.
For now, the bank news arrived as the Digital Asset Market Clarity Act, or CLARITY Act, had yet to pass the Senate, with the bill’s treatment of stablecoin yield among the remaining issues to be resolved.
Shay Boloor, a market strategist at Futurum Equities, said Circle stock was under pressure amid concern that a dollar stablecoin issued and distributed at scale by major banks could reduce the share of the market flowing through Circle and USDC.
Two developments remain in view. The BankChain Alliance network is anticipated for the first half of 2027, and the Alliance is still seeking a technology partner.
Meanwhile, the Senate’s handling of the CLARITY Act, including its treatment of stablecoin yield, remains unresolved. The progress of the bank initiatives and the legislation will remain central to the discussion around stablecoin competition.
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The post Bank Plans on CLARITY Act Send Circle and Coinbase Shares Lower appeared first on Cryptonews.
The activity, appearing to spread sanctioned funds to trigger account restrictions, occurred between Aug. 17 and Aug. 24.
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
Ethereum closed another week in the green after pushing above $2,400, ending 6% higher. If buyers manage to hold this key support level, higher highs may continue.
Bulls should do their best to consolidate their recent gains after the massive rally from the $1,500 level. To achieve this, defending $2,400 as support is key. The current resistance is at $2,800.
Looking ahead, this is the first time since 2025 that ETH has made a higher high. This halts the downtrend and positions this cryptocurrency for a sustained rally. The question is how far bulls can take it before they show signs of weakness.
Ripple (XRP)
After XRP pumped to $1.6, the price entered a pullback, which is still ongoing at the time of this post. Nevertheless, this cryptocurrency closed the week 9% higher. This recent performance is impressive and a significant change in the market structure.
With a higher high secured, XRP could be consolidating between the key support at $1.3 and the resistance at $1.6. Once the price settles, a renewed push higher could follow, sending XRP back into a rally.
Looking ahead, the most significant target, at this time, is $2. For that to happen, XRP will need to turn $1.6 into a support first. The odds favor this outcome considering that buyers have the advantage right now.
Cardano (ADA)
Cardano ended this week flat after the price failed to break the resistance at $0.23. Buyers tried to push ADA higher, but sellers would not budge. For this reason, the price is in a pullback at the time of this post.
While a consolidation period under the key resistance is normal, this cryptocurrency needs to avoid a long delay in breaking $0.23, as that may encourage sellers to step up their presence on the order book.
Looking ahead, Cardano needs to make a higher high to confirm the bottom under $0.15. So far, this has not happened, which may give bears a chance to retest the previous lows in the future.
Binance Coin (BNB)
Binance Coin had a good week, closing 7% higher. The price also broke the $690 resistance and appears close to forming a higher high. If confirmed next week, BNB may be well on its way to visit $900 next.
It is critical for the price to continue its rally, as any price below $740 would paint a lower high on the chart, which would be a bearish signal. Nevertheless, as long as the $690 level holds as support, buyers have control over the price.
Looking ahead, the recent drop under $580 could be the bottom. To confirm it, BNB needs to rally and sustain its recent gains. If so, the $900 and $1,000 targets will act as magnets for the price in the near future.
Hype (HYPE)
Hyperliquid had another fantastic week, closing 14% higher after setting a new record price of almost $87. Right now, HYPE is trading in a key range between $ 76 and $ 85 as it plans its next move.
To continue the rally, the price has to clear $85 as support and aim for $90 next. However, considering the strength of the recent move, a consolidation period would be welcomed to avoid a sharper correction later.
Looking ahead, HYPE has a real chance to hit a three-digit price in the near future if this bullish momentum is sustained. A price of $100 or higher is only a 20% rally from current levels.
The post Crypto Price Analysis August-28: ETH, XRP, ADA, BNB, and HYPE appeared first on CryptoPotato.
XAU/USD: Gold Tests Its Trendline After a Powerful August Rally
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