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Harmony sets Sept. 10 deadline for ONE holders to exit DeFi

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Harmony has told ONE holders to leave smart contracts by Sept. 10 because liquidity pools, multisig vaults and on-chain applications cannot move to Ethereum under its proposed network closure.

Summary

  • Sept. 10 is the deadline for users to remove ONE and other assets from Harmony-based smart contracts.
  • Wallet and exchange balances would qualify for an automatic Ethereum airdrop after the final network snapshot.
  • Liquidity pools, multisig vaults, and decentralized applications cannot be transferred through the planned migration.
  • Eligible validators and delegators could receive payments from a $1.372 million pool over four quarters.

Harmony said users do not need to file a claim for replacement ONE tokens, but the automatic process only covers balances captured in the final blockchain snapshot.

The warning creates two different paths for holders. ONE kept in a standard wallet would be recorded and recreated on Ethereum, while tokens deposited into decentralized finance protocols may need to be withdrawn before the deadline.

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Harmony has not disclosed when it will produce the final block or complete the airdrop. Sept. 10 is therefore an exit deadline for smart-contract users and the date from which validators may begin closing their nodes, not the confirmed date of the mainnet shutdown.

Why ONE holders must leave smart contracts

Under the proposal, Harmony would record ONE balances at the blockchain’s final block before issuing replacement tokens as ERC-20 assets on Ethereum. Covered balances include tokens in personal wallets, staking delegations, unclaimed validator rewards, and centralized exchange accounts.

The project said the new tokens would be sent to the same Ethereum-compatible addresses listed in the snapshot. Since Harmony uses addresses compatible with Ethereum’s format, holders would not need to complete a separate claim or submit personal information.

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Smart contracts present a more complex problem. Although the snapshot can record how much ONE a contract holds, it cannot reproduce the full state, ownership rules, or functions of every application on Ethereum.

Liquidity pools may contain two or more assets and issue separate liquidity provider tokens representing each user’s share. Multisig vaults depend on contract rules that require several approved signers, while lending markets track collateral, loans, interest, and liquidation conditions. Harmony said such applications and positions cannot be copied automatically.

Users with funds in decentralized exchanges, lending services, or other Harmony applications must therefore interact with the relevant protocol and withdraw before Sept. 10. The project has not announced a separate recovery route for assets that remain locked in contracts after the deadline.

Removing liquidity may also require users to convert liquidity provider tokens back into their underlying assets. Any protocol-specific waiting period, withdrawal restriction, or unavailable interface could affect whether a user can complete the process before the cutoff.

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Harmony has not published a complete list of affected applications. Holders will need to review their wallet activity and check whether any ONE or other tokens remain deposited in smart contracts rather than sitting directly at their addresses.

Exchange users will depend on platform support

ONE held on centralized exchanges is expected to qualify for the migration because Harmony plans to include exchange wallets in the final snapshot. The team said it would work with trading platforms to replace existing ONE balances and move listings to the ERC-20 version.

Individual customers would not control the migration process when an exchange holds their tokens. Each platform may set its own suspension schedule for deposits, withdrawals, and trading while it updates its wallet infrastructure.

Harmony has not named the exchanges supporting the move or released their operating schedules. Exchange users may need to monitor official notices to determine whether their platform will manage the conversion, require a withdrawal, or discontinue ONE trading.

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Self-custody users face a different concern. The replacement tokens are supposed to arrive at the Ethereum address matching their Harmony wallet, so holders must retain access to the private key or recovery phrase controlling that address.

Sending tokens to another wallet before the snapshot would change which address receives the Ethereum allocation. Harmony has not yet announced the snapshot block, meaning users moving funds after leaving DeFi applications must continue tracking official updates.

The proposal would keep ONE’s total supply and issuance schedule unchanged. Harmony also plans to publish the Ethereum contract, snapshot calculations, and airdrop scripts for public review, although those materials were not available when the plan was announced.

As previously covered by crypto.news, the migration forms part of Harmony’s proposal to retire the Layer 1 network it launched in 2019. The team cited security threats from state-backed attackers and AI agents when explaining why it no longer wanted to operate an independent blockchain.

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Validators can close nodes from Sept. 10

Validators may begin shutting down their nodes on Sept. 10 under a separate transition process. Harmony has allocated $1.372 million to compensate eligible validators and delegators, with payments scheduled over four quarterly installments.

Receiving compensation requires validators to stop their nodes within the stated period, sign an agreement, maintain their stakes, and continue working as governors. Harmony said the fund would also cover the difference between rewards earned at a validator’s last block and the network’s eventual final block.

Delegated ONE and unclaimed validator rewards would be placed into individual governor vaults rather than handled like ordinary wallet balances. The team has not explained how the $1.372 million will be divided or published the agreements that validators must sign.

Governors could later remain in the project’s decision-making structure or participate in Harmony’s proposed AI video business as operators or affiliates. Under the plan, future ONE issuance would support what the team calls a video “remix economy.”

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Harmony said creators would publish prompts and other materials that users could modify, with AI agents producing additional video clips from each branch. Operators would manage video generation, distribution, and moderation, while staking and service uptime would affect their rewards.

The project has projected up to $1 million in combined operator revenue during the first year and plans to subsidize graphics-processing hardware. Harmony has also proposed a $10 monthly subscription and a recurring 30% commission for referred subscriptions, though neither figure represents confirmed revenue.

U.S. holders may need to preserve migration records

American holders may need records showing their original ONE purchases, withdrawals from Harmony applications, final snapshot balances, and receipt of the Ethereum tokens.

The IRS classifies digital assets as property and generally requires taxpayers to report sales, exchanges, and other disposals. Its digital asset guidance also requires taxpayers to answer a digital asset question on federal income tax returns.

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Harmony describes the Ethereum asset as a replacement version of ONE with the same supply and emission rate. The IRS has not issued a decision on the tax treatment of this specific migration, leaving the result dependent on the transaction’s structure and each holder’s circumstances.

Closing a DeFi position before Sept. 10 could involve more than a wallet transfer. A user may need to exchange a liquidity provider token, repay a loan, remove collateral, or swap assets, and each action can create separate records relevant to U.S. reporting.

Exchange customers may receive transaction information through Form 1099-DA, where the reporting rules apply. The IRS states that taxpayers must still report taxable digital asset activity even when a broker does not issue the form.

Harmony deadline follows a disruptive August exploit

The deadline follows an August security incident in which attackers used a cross-shard verification flaw to create unauthorized ONE. Harmony’s later investigation found that more than 3 trillion tokens had been generated through six transactions.

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One connected wallet attempted 534 transfers of 5 billion ONE within 106 seconds, according to the project’s reconstruction. Of that total, 477 transactions succeeded and moved 2.385 trillion tokens into wallets, exchanges, decentralized exchange routers, liquidity pools, bridges, and staking accounts.

Harmony initially proposed a two-shard blockchain rollback to checkpoints recorded at 11:25:37 p.m. UTC on Aug. 11. The plan would discard 141,628 shard 0 blocks containing 109,126 regular transactions and 315 staking transactions.

The network classified 104,545 of the regular transactions as automated activity, including almost 100,000 connected to decentralized exchange automation. Legitimate transactions completed after the checkpoints would also be removed under the rollback.

A separate staking flaw disclosed in December 2023 had previously created 146.28 million ONE across 74 delegator addresses. Harmony fixed that incident through an emergency hard fork at block 51,118,080.

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In June 2022, attackers also stole about $100 million from Harmony’s Horizon Bridge after compromising keys controlling its multisig wallet. The project later revised its recovery plan after community opposition forced it to withdraw a proposal to mint 4.97 billion ONE for victim compensation.

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Ripple Returns to Korea as Major XRP Company Awaits Nasdaq Listing

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XRP trades at just a nod above $1.40 as Ripple ecosystem builds toward a Korean stage while one of its own veterans eyes Wall Street. The token is stuck in a tight band, and today’s news out of Seoul raises a question worth asking: Does event buzz actually move price?

XRPL Korea, organizer of XRP Seoul 2026, unveiled its second speaker lineup today, adding names from Doppler Finance, Flare, t54 Labs, Variational, Evernorth, and Squid. The standout: Evernorth CEO Ashish Birla, an early Ripple team member whose firm is pursuing a Nasdaq listing via SPAC merger with a stated goal of building a $1 billion XRP reserve.

Meanwhile, Flare co-founder Hugo Philion will also speak on smart-contract functionality for XRP and Bitcoin in DeFi. This is a detail that fits the institutional narrative Ripple has been building around the XRP Ledger.

None of this has translated into buying pressure yet. Volume sits elevated near $1.4–$1.8 billion in 24 hours, but that’s indecision, not conviction. The setup below explains why.

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Can Ripple XRP Price Hit $1.80 This Week?

At $1.41, Ripple sits just below its recent range ceiling, with resistance clustered at $1.43–$1.46 and support at $1.39–$1.40. RSI reads 41, neutral, not oversold, while MACD stays bearish, and declining volume on recent upticks hints at a ceiling forming rather than a breakout brewing.

XRP remains above both its 50-day moving average ($1.19) and 200-day moving average ($1.28), which keeps the medium-term trend technically intact even as short-term momentum stalls.

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Xrp (XRP)
24h7d30d1yAll time

The scenarios are straightforward. The best one is a clean break above $1.43 that opens a retest of $1.50, and consolidation above that level could extend toward $1.60–$1.68, with a more aggressive $1.80 target still in play off the $1.32 bounce. Or we could see a continued chop between $1.39 and $1.43 while the market waits for confirmation.

The last scenario is what holders don’t want to see, a failure to hold $1.35 sends XRP toward $1.28, with $1.22 as the next stop if that breaks. Trading volume data will likely confirm direction before headlines do.

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LiquidChain Targets Early Mover Upside as XRP Tests Key Levels

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XRP holders watching this range have a reasonable thesis. Evernorth’s Nasdaq path and a $1 billion reserve target are real long-term signals. But at a market cap already pricing in institutional adoption, the upside from $1.40 to $1.80 is a 28% move, not a multiple. That’s the ceiling problem large-cap holders keep running into: real catalysts, capped returns.

That’s where earlier-stage infrastructure plays start to look different. LiquidChain ($LIQUID) is a Layer 3 protocol fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. It’s a unified layer where developers deploy once and access all three ecosystems, rather than building separate bridges for each.

Current presale price sits at $0.014953, with $960K raised so far. Core features include Single-Step Execution and Verifiable Settlement, aimed at cutting the fragmentation that plagues cross-chain DeFi today.

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Investors can research LiquidChain directly before deciding.

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Solana triples transaction capacity with v1 upgrade

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Solana is targeting September 9 for Transaction v1, a new format that raises the maximum serialized transaction size from 1,232 bytes to 4,096 bytes.

Summary

  • Solana plans to raise maximum transaction size from 1,232 bytes to 4,096 bytes Wednesday mainnet.
  • Transaction v1 remains optional, while legacy and v0 formats continue operating under existing size limits.
  • Applications reading blocks must support version one or risk errors when encountering the new format.
  • V1 removes address lookup tables and stores resource limits directly within each transaction’s configuration metadata.
  • Solana’s official roadmap labels mainnet activation pending, making the September 9 schedule potentially changeable still.

The increase gives developers about 3.3 times more transaction space. Solana’s official roadmap says the additional capacity can accommodate zero-knowledge proofs, large multisignature operations, batches and some onchain signature schemes.

Large operations previously had to be divided into several transactions when their instructions, signatures and account information exceeded the 1,232-byte ceiling. That process added complexity because one transaction could succeed while another step failed.

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Transaction v1 could let developers combine more of those instructions into one atomic operation. Either every instruction succeeds or the entire transaction fails. The model could benefit trading routes, confidential transfers, cross-chain operations and applications processing complex cryptographic proofs.

The upgrade does not raise Solana’s limit of 64 referenced accounts per transaction. Applications can include more data and instructions, but they cannot automatically interact with more accounts.

Existing Solana transactions will remain valid

Transaction v1 is optional. Wallets and applications can continue sending legacy and v0 transactions under the existing 1,232-byte limit. Users do not need to migrate tokens, exchange SOL or complete a claim before activation.

Developers must deliberately adopt the new format to access its larger capacity. The Solana documentation identifies three supported formats: legacy, v0 and v1. Each format organizes account addresses and resource limits differently.

The v0 format uses Address Lookup Tables, or ALTs, to represent account addresses through compressed one-byte indexes. V1 removes ALTs and places complete 32-byte account addresses directly inside the transaction.

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This creates a trade-off. V1 provides a larger overall envelope, but applications that rely heavily on lookup tables may spend more bytes representing the same accounts. Solana’s technical analysis found that 90% of sampled transactions would add fewer than 1,400 bytes when converted from v0 to v1.

Infrastructure providers must update their software

The main compatibility risk applies to services that read blocks and transactions. Remote procedure call providers must set their maximum supported transaction version to one. Otherwise, requests could fail when they encounter a v1 transaction.

Indexers, explorers and analytics services must also change how they retrieve resource limits. Legacy and v0 transactions place compute limits and priority-fee settings inside ComputeBudget instructions. V1 stores them in a dedicated transaction configuration.

Outdated services could therefore display incorrect information. For example, an explorer might show a zero priority fee even though the user paid one. Fee sponsors and applications that check transaction limits must read the new configuration rather than scan old-style instructions.

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Applications sending v1 transactions must explicitly set compute-unit and loaded-data limits because both default to zero. Developers should test transaction construction, signing and decoding before moving production traffic to the format.

September 9 remains a targeted activation date

Solana Foundation Vice President of Technology Jacob Creech identified September 9 as the planned mainnet date. As crypto.news previously reported, the upgrade is included in Anza’s Agave 4.2 rollout.

However, the official roadmap still labels the mainnet feature as “not activated.” It also says Anza’s release schedule is “tentative and subject to change.” Testnet and devnet have already activated the feature, according to the latest Foundation status page.

The size increase comes from SIMD-0296, while SIMD-0385 defines the v1 format. Jacob Creech and Andrew Fitzgerald co-authored both proposals.

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The 4,096-byte ceiling was selected partly because four kilobytes matches a common memory-page size used by validator hardware. Larger transactions will also consume additional bandwidth, although the upgrade introduces no separate fee charged per byte.

Transaction v1 remains separate from Solana’s rent reductions, shorter slot targets and Alpenglow consensus redesign. In related coverage, crypto.news reported that Alpenglow targets approximately 150-millisecond finality, with October remaining a development target rather than a guaranteed activation date.

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Metaplanet CEO breaks silence but shareholders say the hard questions remain unanswered

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Metaplanet CEO breaks silence but shareholders say the hard questions remain unanswered


Simon Gerovich said Metaplanet had not adequately explained the structure, and denied involvement in MMXX Ventures’ trading decisions.

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Lululemon Stock Crashed 80%, and Founders are Now Divorcing

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Lululemon Athletica (LULU) Stock Performance

Lululemon Athletica (LULU) closed Friday at $100.61, down 17.38% in a single session. That is about 80% below the $511.29 peak it hit in December 2023. Its founder is now in divorce court.

The Nasdaq-listed sportswear retailer has cut its sales forecast three times this year. Days after the latest cut, reports confirmed founder Chip Wilson is divorcing without a prenuptial agreement.

Lululemon Athletica (LULU) Stock Performance
Lululemon Athletica (LULU) Stock Performance. Source: Yahoo Finance

A Third Guidance Cut Pushed Lululemon to an 8-Year Low

Guidance is a company’s own forecast of what it expects to sell. Lululemon has lowered its 2026 forecast from $11.35 billion in March to $10.35 billion now.

Second-quarter revenue fell 4% to $2.4 billion. Comparable sales, a measure that counts only stores open for at least a year, dropped 9%.

Profit looked healthier than the business. Earnings of $2.92 a share included a one-off $134.5 million refund on import tariffs.

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BeInCrypto reported the stock’s drop to eight-year lows on September 4. Shares have not recovered, and the company expects third-quarter sales to fall another 10% to 11%.

Why the Founder’s Divorce Matters to Shareholders

Wilson and his wife, Shannon “Summer” Wilson, opened a family case in the Supreme Court of British Columbia in April. There is no prenuptial agreement.

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Wilson and connected entities hold 9.9 million shares, or 8.7% of the company, according to a May securities filing. That block was worth just under $1 billion at Friday’s close. Roughly 1.1 million of those shares are already attributed to Summer Wilson.

British Columbia law protects what each spouse owned before the marriage. The growth in that value during the marriage is split evenly by default. Lululemon went public in 2007, five years after the couple wed.

Wilson ended a campaign to unseat directors in May, accepting two board seats and an 18-month truce with the board.

New chief executive Heidi O’Neill starts this week. She inherits falling sales and a shrinking North American business. The founder’s voting bloc now sits inside a sealed courtroom.

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Ethereum EIP-8141 could remove need for users to hold ETH for gas

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Ethereum developers have committed EIP-8141, known as Frame Transactions, to the network’s 2027 Hegotá upgrade, putting native account abstraction on the path to becoming part of Ethereum’s standard transaction system.

Summary

  • Ethereum developers have scheduled EIP-8141 Frame Transactions for inclusion in the Hegotá upgrade planned for 2027.
  • Frames separates transaction authorization, gas payment and execution, allowing an app or another account to cover a user’s ETH transaction fee.
  • The proposal could let users transact with stablecoins without holding ETH while validators continue receiving network fees in ether.
  • Frames can bundle related actions such as token approvals and trades so permissions are reversed if the accompanying transaction fails.
  • Programmable validation could allow accounts to rotate private keys or adopt quantum resistant authentication without moving assets to a new address.

Core developers moved EIP-8141 from Considered for Inclusion to Scheduled for Inclusion during the Aug. 27 All Core Developers Execution call, according to the Hegotá Meta EIP. The change gives Frames a formal place in the planned upgrade, though the proposal remains a draft and its technical details can still change before deployment.

Ethereum co-founder Vitalik Buterin, one of the proposal’s 10 authors, drew attention to the work on Sunday after months of development.

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“A lot of important progress on Frames (EIP-8141) has been quietly happening over the last few months,” Buterin wrote on X, recommending the updated specification.

The proposal addresses several restrictions built into ordinary Ethereum accounts, including the requirement that the account initiating a transaction must hold ether to pay the network fee.

Frame Transactions could let apps pay Ethereum gas

Ethereum currently requires transaction fees to be paid in ETH. A wallet holding stablecoins or other tokens cannot move those assets unless it has enough ether to cover the transaction.

EIP-8141 separates the different parts of a transaction into programmable frames covering authorization, fee payment and execution. The account sending assets and the account paying the gas would no longer need to be the same.

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A payments application could therefore pay the ETH fee for a user or accept stablecoins from the user while handling the required ether payment itself. Validators would continue receiving fees through Ethereum’s existing fee system, while the wallet holder would not need to acquire ETH first.

The design moves several features associated with account abstraction into Ethereum’s normal transaction flow. Existing implementations such as ERC-4337 can already support sponsored gas and programmable wallets, but they use separate infrastructure including UserOperations, bundlers and paymasters.

ERC-4337 has operated on Ethereum since 2023 without requiring a change to the base protocol. Its UserOperations are sent through a separate mempool, collected by bundlers and passed to an EntryPoint contract that handles validation and execution.

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As crypto.news previously reported in August, smart account technology can support gas sponsorship, passkeys, social recovery and other wallet controls that are unavailable to conventional externally owned accounts.

Frame Transactions would bring similar programmability into Ethereum’s protocol instead of requiring users to depend on a separate transaction system.

EIP-8141 would bundle related actions

Frames could change transactions that currently require several separate approvals.

A token trade, for example, can require a user to first approve a decentralized application to spend a token and then submit another transaction to execute the trade. If the second step fails, the spending permission can remain active.

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EIP-8141 allows related operations to be grouped so they succeed or fail together. An approval attached to an unsuccessful trade could therefore be reversed as part of the same transaction.

The system works by dividing a transaction into frames with separate jobs. One frame can verify authorization, another can determine how gas is paid, while subsequent frames execute the requested operations.

Programmable validation would give accounts more control over what Ethereum recognizes as a valid transaction. Instead of every externally owned account relying on the same fixed authentication process, accounts could run verification rules through Ethereum Virtual Machine code.

Ethereum researchers have been working toward this type of native account abstraction for years. EIP-7702, proposed by Buterin and other developers in 2024, previously sought to give externally owned accounts access to smart contract wallet functions while maintaining compatibility with ERC-4337.

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Frame Transactions could allow Ethereum keys to change

The validation changes extend beyond gas payments and transaction batching.

Conventional Ethereum externally owned accounts are controlled by private keys using the Elliptic Curve Digital Signature Algorithm. A private key cannot simply be replaced while keeping the same account under the traditional model. Losing the key can permanently remove access to the assets it controls, while a compromised key can give an attacker control of the account.

Frames would let an account define its own validation logic, opening the door to key rotation and different authentication systems without requiring the user to transfer assets to a new address.

Programmable validation could eventually allow Ethereum accounts to replace current signature methods with cryptography designed to withstand quantum computers.

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Buterin placed quantum security higher on Ethereum’s technical roadmap in an August update, alongside work on native rollups, privacy and changes to the network’s storage architecture.

He had previously outlined a quantum resistance roadmap covering Ethereum’s consensus signatures, data availability systems, wallet cryptography and zero-knowledge proofs. That plan identified ECDSA, which controls ordinary Ethereum accounts, as one component that could eventually need replacement if sufficiently powerful quantum computers are developed.

EIP-8141 provides one route for accounts to adopt different signature schemes because verification rules would no longer be fixed to a single private-key model.

Hegotá will follow Ethereum’s Glamsterdam upgrade

Hegotá is planned for 2027 and will follow Glamsterdam, Ethereum’s next network upgrade.

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Developers were still narrowing Hegotá’s scope in August. At the time, Frame Transactions remained under consideration while EIP-7805, or Fork-choice enforced Inclusion Lists, was the only proposal formally scheduled for the upgrade.

The Aug. 27 decision has since moved EIP-8141 into the scheduled category alongside EIP-7805.

Before that decision, developers had been comparing EIP-8141 with EIP-8130 as competing approaches to native account abstraction. The discussions included how Ethereum could avoid incompatible account-abstraction standards between Layer 1 and Layer 2 networks while retaining flexibility for different transaction designs.

Glamsterdam, meanwhile, remains ahead of Hegotá in Ethereum’s upgrade schedule. Developers have been testing its planned changes through development networks, with the upgrade centered on Enshrined Proposer-Builder Separation and Block-Level Access Lists.

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The upgrade includes changes to Ethereum’s gas accounting as well. The Ethereum Foundation warned wallet developers in August that EIP-8037 could affect software relying on the assumption that every basic ETH transfer costs 21,000 gas, because transfers creating new state would face an extra charge.

EIP-8141 cannot be used on Ethereum mainnet today. Its specification remains in draft status while developers continue implementation and testing work ahead of Hegotá’s planned 2027 deployment.

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Bitcoin Holds Near $79K as Analyst Flags Key Levels for Next Move

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Crypto Breaking News

Bitcoin remains near $79,033 as its latest pullback keeps traders focused on critical price levels. The cryptocurrency slipped from $80,530 after reaching a recent local high near $82,262. However, analyst Michael van de Poppe expects Bitcoin to avoid a deep correction despite the recent weakness.

Bitcoin Price Holds Above Key Support

Bitcoin traded around $79,033 at press time, extending a consolidation phase around the $80,000 area. Meanwhile, the cryptocurrency has struggled to regain the momentum that pushed it toward $82,262 last week. However, the latest decline has not yet changed the broader technical structure identified by van de Poppe.

The recent move followed stronger-than-expected US employment data, which pressured market sentiment across risk assets. Consequently, Bitcoin retreated from its recent high as traders reassessed expectations for US monetary policy. Still, strong spot Bitcoin ETF inflows have provided additional support for the market.

Van de Poppe has maintained a positive longer-term outlook despite Bitcoin’s short-term price weakness. He considers the current consolidation a normal phase that could precede another upward move. Furthermore, he has identified levels below $74,000 as potential areas where buying activity could increase.

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$82,850 Resistance Could Set Bitcoin’s Next Direction

The $82,850 level now represents an important resistance area for Bitcoin’s immediate price structure. A sustained move above that level could strengthen bullish momentum and open the path toward higher prices. Therefore, traders may use the resistance zone as an important reference during the next market move.

Bitcoin also faces several support levels that could determine the depth of any further decline. The key levels include $75,545 and $73,674, which could provide short-term support during renewed selling pressure. If Bitcoin loses those areas, the price could move toward $71,000 or potentially approach $70,000.

However, a decline below $74,000 could also create a potential buying opportunity, according to van de Poppe’s market assessment. That view suggests the analyst considers moderate weakness part of the broader Bitcoin market cycle. At the same time, Bitcoin must recover key resistance levels before confirming another strong upward move.

US Inflation Data Could Influence BTC’s Next Move

Macroeconomic conditions could play a major role in Bitcoin’s direction as markets prepare for fresh US inflation figures. The upcoming Consumer Price Index and Producer Price Index reports could provide new signals about inflationary pressure. Consequently, the data could affect expectations surrounding the Federal Reserve’s future interest-rate decisions.

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Higher-than-expected inflation could strengthen expectations for tighter monetary policy and increase pressure on risk-sensitive assets. Bitcoin often responds to shifts in liquidity conditions, interest-rate expectations, and broader market sentiment. Therefore, stronger inflation figures could limit Bitcoin’s ability to reclaim its recent highs.

Meanwhile, September rate-hike expectations have increased, with prediction markets placing the probability near 50%. This shift reflects uncertainty surrounding the Federal Reserve’s policy path following recent economic data. As a result, Bitcoin could remain range-bound until traders receive clearer signals from inflation and monetary policy.

Bitcoin’s current structure therefore centers on the $82,850 resistance and the $75,545 to $73,674 support zone. A breakout above resistance could revive bullish momentum, while a breakdown below support could expose lower targets. For now, BTC remains near $79,033 as technical levels and US economic data shape its next major move.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Trump Crypto News: BTC $81,000 Rejection Puts September Fed Meeting in Focus

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In Trump crypto news, US employers added 162,000 jobs in August, far above the roughly 65,000 economists had expected, while the unemployment rate held steady at 4.1%.

Bitcoin’s reaction was immediate: the asset slid from above $81,000 into a range spanning the high-$78,000s to low-$80,000s as traders repriced expectations for near-term Federal Reserve policy.

The question now is whether a single strong report derails a rally that institutional flows have spent weeks rebuilding, or simply adds uncertainty ahead of the September 15–16 meeting.

Why the Jobs Report Revived Rate-Hike Bets

August’s payroll growth was well above the roughly 31,000 average monthly gain recorded over the trailing 12 months, marking a sharp rebound from the softer hiring seen earlier in the summer.

That kind of acceleration weakens the case for immediate rate cuts and gives the Fed more reason to hold, or potentially tighten, policy at its next meeting.

Traders responded by increasing expectations that the Fed could raise rates rather than cut them, a repricing that showed up quickly in Bitcoin’s price action.

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The shift reflects market expectations ahead of the meeting rather than a policy decision, but those expectations can influence risk assets before the Federal Open Market Committee delivers its verdict.

In Trump crypto news, the August jobs report sent BTC below $81K as traders raised rate-hike bets, as the President puts pressure on the Fed
SOURCE: Kalshi

Trump Crypto News: Lower-Rate Push Meets a Hawkish Data Signal

Donald Trump used Truth Social to press the Federal Reserve to lower rates, arguing that the United States had become a stronger credit and should have lower borrowing costs. He also criticized the Fed Board’s approach and called on it to act patriotically.

The market’s reaction moved in the opposite direction. A stronger labor market is typically read as reducing the urgency for cuts, and traders raised rate-hike expectations after the report rather than pricing in the easing Trump was seeking.

Why Bitcoin Is Exposed to the Fed Debate

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Bitcoin’s sensitivity to Fed policy has been on display through the summer. Fed Chair Kevin Warsh’s hawkish Jackson Hole speech sent Bitcoin down to $77,000 and pushed rate-hike odds to 57%, illustrating how policy language can move prices before an actual decision.

That reversed on September 3, when Fed Governor Christopher Waller’s more neutral remarks triggered a 5% rally in Bitcoin and coincided with $730.8M in net inflows into Bitcoin ETFs.

Rate-hike odds subsequently fell toward 50%, leaving markets close to a coin toss between a hike and a hold heading into the jobs report, even with Trump putting pressure on the Fed via his crypto social media platform.

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The inflow figure is notable because institutional demand continued even as rate expectations shifted. The August jobs numbers moved sentiment back toward the hawkish side, but it did not change the recently strengthened ETF flows.

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Trump Crypto News: What the September Fed Meeting Could Mean for Bitcoin

In other Trump crypto news, the September 15–16 meeting is the next decision point, while the period leading up to it remains focused on adjusting expectations.

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If strong labor data keeps rate-hike expectations elevated into the meeting, restrictive policy would remain the central concern for Bitcoin and other risk-sensitive assets.

An unexpected cut could trigger a sharper Bitcoin rally, given the recent strengthening in institutional ETF flows. However, a cut prompted by a serious economic slowdown would carry a different signal.

Past scenarios indicate that crypto could initially sell off if easing is tied to visible economic deterioration rather than a more favorable policy backdrop.

For now, markets remain close to a genuine toss-up between a hike and a hold, with the August jobs report tilting sentiment toward the hawkish side without settling the outcome.

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Strive signals new Bitcoin buy as ASST hits yearly high

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5 red months, 74% LTH profit rapidly eroding

Strive has signaled another possible Bitcoin purchase after raising its holdings to 23,156 BTC, while its Nasdaq-listed ASST shares have climbed above $27 to a new yearly high.

Summary

  • CEO Matt Cole posted Strive’s Bitcoin tracker, a step that has preceded earlier purchase announcements.
  • Strive holds 23,156 BTC after buying 1,800 coins for approximately $143 million.
  • ASST has gained more than 78% this year and nearly 120% over the past month.
  • SATA’s return to its $100 par value could give Strive another route to finance Bitcoin purchases.

Strive Bitcoin purchase hint follows $143 million deal

Matt Cole, Strive’s chairman and CEO, posted the company’s Bitcoin portfolio tracker on X with the message, “Wall-breaking season at Strive,” raising expectations that another acquisition could be disclosed shortly.

Strive has used similar tracker posts before announcing additions to its Bitcoin treasury. Cole did not state how many coins the company may have purchased, how much it may have spent, or when a transaction took place, leaving any new acquisition unconfirmed until Strive releases an announcement or filing.

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The hint follows Strive’s purchase of 1,800 BTC between Aug. 24 and Aug. 28. According to a U.S. Securities and Exchange Commission Form 8-K, the company paid an average of $79,431 per coin, including fees and expenses, bringing the total cost to about $143 million.

As crypto.news previously reported, the transaction increased Strive’s Bitcoin holdings from 21,356 BTC to 23,156 BTC. BitcoinTreasuries.net ranked the Dallas-based company as the fifth-largest publicly traded corporate Bitcoin holder, ahead of Bullish and behind Strategy, Twenty One Capital, Metaplanet, and MARA Holdings.

At a Bitcoin price of roughly $76,400 when the purchase was disclosed, the company’s holdings were valued at approximately $1.77 billion. Strive did not provide the combined acquisition cost for its entire treasury in the filing, while the market value of the position continues to move with Bitcoin’s price.

The 1,800-BTC purchase came one week after Strive added another 1,110 BTC for $81.5 million. Its average price for the earlier transaction was $73,409 per coin, meaning the company spent approximately $224.5 million to acquire 2,910 BTC across the two reporting periods.

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Strive targets second place among Bitcoin treasury firms

Building on those purchases, Cole has said Strive could acquire more than 20,000 additional BTC and finish the year as the second-largest corporate Bitcoin holder behind Strategy.

“It’s not out of the realm of possibility for Strive to end the year as the 2nd-largest BTC holder,” Cole said.

Reaching that position would require Strive to move past Twenty One Capital, Metaplanet, and MARA Holdings based on the rankings cited after its latest confirmed purchase. The target also depends on acquisitions made by competing treasury companies, since several firms continue to raise capital for Bitcoin.

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Cole has maintained an optimistic view of the asset during its recent recovery. In August, he said Bitcoin’s next cycle could become its strongest after the cryptocurrency gained 22.7% in one week and closed at $77,387.

During the same period, U.S. spot Bitcoin exchange-traded funds recorded $1.92 billion in net inflows, according to SoSoValue data. Cole linked his forecast to Bitcoin’s performance against the dollar and gold, along with investor demand for assets with limited supplies.

“Bitcoin priced in gold is reinforcing my view that the next Bitcoin cycle will be the strongest we have ever seen,” he said at the time.

Cole acknowledged that Bitcoin could pull back after its rapid advance, but said Strive remained willing to add exposure. In a separate August statement, he described Bitcoin as “historically cheap in this price range” and said the company felt comfortable accepting more risk to purchase additional coins.

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Bitcoin has since recovered from around $63,000 to a recent high near $82,000, according to market data cited in the supplied report. The increase has raised the value of existing corporate holdings while supporting stocks whose market performance is closely tied to Bitcoin.

ASST stock leads major Bitcoin treasury companies

At the time of writing, ASST is climbing above $27 to its highest level of the year. The common stock has gained more than 78% since the start of 2026 and nearly 120% over the past month, making it the strongest performer among the 10 largest Bitcoin treasury companies during the cited period.

Strive’s rally has outpaced other companies in the same group. Strategy shares gained more than 45% during the past month but remained down over 7% for the year, while Metaplanet advanced more than 22% in the month and stayed over 37% lower year to date.

ASST gives investors exposure to Strive’s common equity rather than direct ownership of its Bitcoin. Its price can respond to changes in BTC, the size and cost of Strive’s treasury, operating results, financing expenses and the number of shares outstanding.

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The structure has particular relevance for U.S. investors because both ASST and Strive’s preferred security, SATA, trade on Nasdaq. Investors can therefore gain exposure through regulated U.S.-listed securities, although the two instruments carry different rights and risks.

ASST holders own common equity and sit behind preferred shareholders in the company’s capital structure. SATA investors receive preferred dividends when declared, while its perpetual structure means the security has no scheduled maturity.

A recent SEC filing showed Strive’s Class A share count increasing by 3.58 million during the week of its 1,800-BTC purchase, from 79.89 million to 83.47 million. Effective common shares outstanding reached 93.26 million, while the assumed fully diluted count climbed to 96.52 million.

SATA could support another Strive Bitcoin purchase

Strive has funded its Bitcoin strategy through at-the-market programs for ASST and SATA, allowing appointed sales agents to issue shares gradually instead of arranging a single underwritten offering.

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SATA has recently traded around its $100 par value, which can make additional issuance more practical because Strive can sell preferred shares without pricing them below their stated liquidation preference. The security carries a variable dividend and pays cash distributions every business day when declared.

In late August, BitcoinTreasuries.net estimated that SATA trading had generated enough potential funding capacity for about 1,192 BTC in one week. The estimate relied on trading volume at or above $100 and an assumed capture rate based on Strive’s earlier SEC filings; it did not confirm that the company had issued the shares or purchased the projected number of coins.

Strive increased its available at-the-market capacity in June to as much as $2.6 billion for SATA and $2.55 billion for ASST. Within the latest reporting period, SATA shares outstanding rose by 803,099 to 9.07 million, giving the preferred stock an implied aggregate liquidation value of about $907.4 million.

The company did not specify how much of its latest Bitcoin purchase came from ASST sales, SATA issuance, or existing cash. Its filing showed that both common and preferred share counts increased while the acquisition was completed.

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Strive reported a second-quarter GAAP net loss of $257.6 million, including $234 million linked to lower fair values for its Bitcoin and Strategy STRC positions. As of Aug. 7, the company held $154.9 million in cash, about $48 million of STRC preferred shares, and no short- or long-term debt.

The company’s second-quarter filing also recorded $26.2 million in SATA dividends within its adjusted net loss attributable to common shareholders. Strive identified possible dilution from additional ASST or SATA issuance as a risk, while SATA creates a continuing preferred-dividend obligation because the shares are perpetual.

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Hunter Biden to launch LAPTOP meme coin with airdrop for TRUMP holders

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Hunter Biden has prepared to launch a 1 billion-supply meme coin called LAPTOP on Coinbase-developed Base on Sept. 9, with part of the token allocation set aside for people who lost money trading President Donald Trump’s TRUMP meme coin.

Summary

  • Hunter Biden is set to launch the 1 billion supply LAPTOP meme coin on Base on Sept. 9, according to the Wall Street Journal.
  • The founding team will receive 30% of the supply, locked for six months and gradually unlocked over two years.
  • Another 20% will be distributed through two airdrops that include users who lost money trading Donald Trump’s TRUMP meme coin.
  • Up to 30% of LAPTOP’s supply could be burned if preset events occur, including Bitcoin reaching a new all time high or LAPTOP overtaking TRUMP by fully diluted valuation.

The Wall Street Journal reported on Sept. 7 that Biden, the son of former President Joe Biden, is part of the founding team behind the project, which takes its name from the laptop controversy that became a major political issue during the 2020 U.S. presidential election.

LAPTOP will use a token distribution model that reserves 30% of the total supply for its founding team. According to the Journal, the allocation will remain locked for six months before gradually becoming available over a two-year period.

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Another 20% has been designated for two rounds of airdrops, with eligibility extending to people who previously lost money on TRUMP. Hunter Biden’s Substack subscribers, friends and people on a mailing list maintained by video journalist Andrew Callaghan are expected to qualify as well.

LAPTOP meme coin will target TRUMP holders with airdrop

The decision to allocate tokens to TRUMP investors places the new project directly alongside the political meme coin market that developed after Donald Trump entered the sector.

TRUMP launched shortly before Trump returned to the White House in January 2025 and initially recorded a sharp price rally before losing most of its value.

In July, crypto.news reported that nearly 989,000 wallets that purchased TRUMP had accumulated a combined $3.81 billion in realized and unrealized losses through the end of June, citing blockchain data from Nansen. Trump’s 2025 financial disclosure showed a $636 million payout connected to the meme coin and at least $1.4 billion in crypto-related income.

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The losses remained concentrated among retail holders even after TRUMP staged another rally in August. The token jumped approximately 93% between Aug. 13 and Aug. 23, moving from a record low of $1.37 to $3.60 before falling after team-linked wallets transferred $6.2 million worth of tokens to OKX.

Nearly 988,905 wallets remained underwater by a combined $3.81 billion during the period, while Trump-affiliated entities controlled 80% of TRUMP’s 1 billion-token supply under a vesting schedule running through January 2028, according to on-chain data reviewed in August.

LAPTOP’s planned airdrop would therefore direct part of its supply toward a large existing group of meme coin traders who have recorded losses on the president’s token.

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Founders will control 30% of the LAPTOP supply

Beyond the 30% founder allocation and 20% airdrop pool, the LAPTOP project has earmarked another 20% of the supply for charitable donations, liquidity and distributions to exchange partners and market makers, the Journal reported.

Part of that allocation will cover accounting, legal, administrative and compliance expenses associated with the token foundation.

The remaining portion of the token structure is tied to an unusual burn system built around 30 predetermined events. Up to 30% of LAPTOP’s supply could be permanently destroyed if specified conditions occur within their assigned time limits.

One trigger would be a Democratic victory in the 2028 U.S. presidential election. Other conditions include Bitcoin reaching a new all-time high and LAPTOP’s fully diluted valuation exceeding that of TRUMP.

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Tokens connected to conditions that are not met would be donated proportionally to charities instead of being destroyed, according to the Journal.

The structure links LAPTOP’s supply directly to political and crypto market events, including the performance of the token it is positioning itself against.

Political meme coins have previously shown large price swings around events involving the Trump family. TRUMP lost 55% within minutes after Melania Trump announced her MELANIA token in January 2025, erasing billions of dollars from its market capitalization as traders moved between the two assets.

By February 2026, TRUMP and MELANIA had fallen by more than 90% from their respective peaks, while estimates cited at the time placed retail losses across the Trump-branded tokens at more than $4 billion.

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Hunter Biden has stepped up his crypto commentary

The LAPTOP launch follows a period in which Hunter Biden has taken a more public role through podcasts, news appearances and his Substack publication.

His recent commentary has extended into cryptocurrency, including the Trump family’s digital asset businesses and the controversy surrounding World Liberty Financial and crypto entrepreneur Justin Sun.

Trump-linked crypto ventures have faced continued scrutiny over the money generated for entities associated with the president and losses recorded by investors.

Public Citizen estimated in August that investors across five Trump-linked products were at least $4.7 billion underwater, including roughly $3.2 billion attributed to TRUMP holders and at least $1 billion connected to World Liberty Financial’s WLFI token.

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The watchdog’s figures included both realized and unrealized losses. It estimated that Trump generated approximately $1.4 billion in crypto-related income during 2025, while the top 1% of profitable TRUMP wallets captured around $2.7 billion, or roughly 80% of all gains. The Public Citizen analysis called for Congress to add presidential divestment requirements to U.S. crypto legislation.

Political scrutiny surrounding TRUMP has reached the regulatory debate in Washington as well. Democratic Sens. Elizabeth Warren and Richard Blumenthal asked Securities and Exchange Commission Chairman Paul Atkins in August to investigate the token, citing investor losses and Trump’s reported earnings from the project.

Their request arrived while lawmakers were negotiating ethics provisions connected to the Digital Asset Market Clarity Act. The SEC had previously taken the position that meme coins generally do not qualify as securities under existing federal securities laws, leaving much of the sector outside its traditional enforcement framework.

The debate over TRUMP and crypto ethics has continued as lawmakers consider restrictions on government officials benefiting financially from digital asset ventures.

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LAPTOP is scheduled to begin trading on Base on Sept. 9, with its 1 billion-token supply divided among the founding team, airdrop recipients, charitable and operational uses, and the event-linked burn mechanism.

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Ripple CEO says Dutch gold transfer makes the case for crypto

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Ripple CEO Brad Garlinghouse has cited an 86-tonne reallocation of Dutch gold reserves to argue that crypto networks can move value across borders faster than physical reserve systems.

Summary

  • DNB sold about 59 tonnes of gold in New York and replaced it in London.
  • More than 27 tonnes were moved physically between North America, Zeist, and London.
  • Garlinghouse said crypto reduces the dependence of value transfers on asset location.
  • DNB kept its total gold reserves unchanged while increasing the share stored in London.

Dutch gold transfer changed where reserves were held

De Nederlandsche Bank said it reallocated about 86 tonnes of gold between March and August 2026 to make its reserves easier to trade and strengthen its preparations for a possible crisis.

Most of the operation did not involve shipping the same bars across the Atlantic. According to the central bank’s announcement, DNB sold approximately 59 tonnes in New York before buying the same amount of market-standard gold in London.

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DNB also used physical transfers for part of the operation. More than 27 tonnes were moved from the United States and Canada to its cash center in Zeist, while a similar amount of market-standard gold was transported from Zeist to London.

By combining sales, purchases, and physical transport, the central bank said it reduced the operational risks associated with relying on one transfer method. The approach also allowed DNB to avoid remelting bars that did not meet the standards required for direct trading in London.

No gold was added to or removed from the Dutch reserve during the process. Instead, the operation changed where the metal was held and improved the quality of the portion available for international transactions.

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Following the reallocation, the Bank of England holds 32.1% of the Netherlands’ gold, up from 18.1%. DNB’s Zeist facility retains 30.8%, while New York and Ottawa each account for 18.5%.

Before the move, New York held 31.3%, and Ottawa held 19.7% of the reserve. DNB said London offers better access to the international gold market, particularly when financial conditions become volatile.

Brad Garlinghouse says crypto removes location barriers

Responding to the operation in an X post, Garlinghouse focused on how DNB transferred much of the reserve’s economic value without moving the same bars from New York to London.

The Ripple executive described global value transfer as an “ideal use case” for crypto, arguing that blockchain networks can settle transactions quickly and securely without requiring an asset to change physical locations. His comparison centered on the custody, transport, and trading arrangements needed when central banks reposition bullion.

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“Why does financial value still depend on these location-centric processes?” Garlinghouse asked.

His argument did not mean that the Dutch central bank had used cryptocurrency or blockchain technology during the operation. DNB relied on established bullion markets, central-bank custody arrangements, and physical vault infrastructure to reorganize the reserve.

Garlinghouse instead used the transaction to contrast two different forms of settlement. Gold requires recognized vaults, approved bars, secure transport, and access to liquid trading centers, while a crypto asset can move between blockchain addresses without being transported as a physical object.

According to Garlinghouse, the total value of the crypto market has grown from approximately $1.5 billion in 2013 to around $2.7 trillion. He presented that increase as evidence that blockchain-based assets and transfer networks have developed into a large financial market within little more than a decade.

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Ripple has built much of its business around institutional payments and settlement. In July, crypto.news reported on Ripple’s European expansion, noting that Ripple Payments had processed more than $100 billion across over 60 markets.

A separate June report examined how Ripple has moved from presenting itself as a direct replacement for bank infrastructure toward working alongside SWIFT. Banks can retain established messaging systems while using blockchain-based products for selected settlement and tokenization functions.

Germany’s gold transfer shows the physical burden

Garlinghouse also referred to Germany’s earlier repatriation of 674 tonnes of gold from Paris and New York to Frankfurt. The Bundesbank began the operation in 2013 and completed it in 2017, three years before its original deadline.

The total consisted of 374 tonnes from Paris and 300 tonnes from New York. Germany moved the metal in stages, bringing 37 tonnes to Frankfurt in 2013, 120 tonnes in 2014, 210 tonnes in 2015, 216 tonnes in 2016, and the final 91 tonnes in 2017.

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Bundesbank specialists checked the authenticity, purity, and weight of the bars when they arrived in Frankfurt. After the program ended, Germany held 50.6% of its gold domestically, while the Federal Reserve Bank of New York stored 36.6% and the Bank of England held 12.8%.

The Bundesbank said its storage plan served two functions: maintaining confidence by keeping half of the reserve in Germany and preserving access to trading centers where gold could be exchanged for foreign currency quickly.

For U.S. readers, both the German and Dutch cases show the continuing role of New York in the international bullion system. Foreign central banks store gold at the Federal Reserve Bank of New York because the location supports custody and transactions with other official institutions, although moving or reallocating bullion still requires operational coordination.

Gold infrastructure remains central to reserve policy

Despite Garlinghouse’s comparison, DNB said the gold reallocation was designed to improve the resilience of its existing reserve system rather than replace bullion with a digital asset.

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DNB Governor Olaf Sleijpen said the central bank does not expect that it will have to use its gold during a crisis. Even so, he said DNB must remain prepared for severe conditions and ensure that part of the reserve can be traded when needed.

The central bank also said experience with both physical transfers and market-based reallocations would be useful if another move became necessary. During a future disruption, transport constraints or trading conditions could prevent DNB from using one of the two methods.

The gold operation arrives as regulated institutions continue adding digital-asset services without abandoning existing financial infrastructure. In July, Germany’s DZ Bank began rolling out crypto trading through participating cooperative banks, giving retail customers access through their existing banking relationships.

The service supports Bitcoin, Ethereum, Litecoin, and Cardano, with Boerse Stuttgart Digital handling custody. Participation remains optional for individual cooperative banks, although hundreds of institutions were expected to introduce the service over time.

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CZ says Bitcoin still faces established gold systems

Binance co-founder Changpeng Zhao has also compared Bitcoin with gold, although his assessment gave more weight to the infrastructure already built around the precious metal.

Speaking during a Bitcoin Asia fireside chat, Zhao said Bitcoin could eventually become more important than gold if governments begin treating it as a strategic reserve asset. He also acknowledged that gold benefits from mature systems for custody, valuation, and central-bank reserve management.

Gold’s place in official reserves has developed over many years, giving governments established rules and institutions for storing, auditing and trading the metal. Zhao said replacing that system could take time, particularly among large economies that already hold extensive bullion reserves.

National Bitcoin adoption has nevertheless entered official policy discussions in several countries. Zhao has advised governments on digital assets, including reserve-related initiatives, while continuing to argue that state adoption could influence Bitcoin’s long-term standing against gold.

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