Crypto World
Jim Cramer Cites Overblown Meta Stock Trial Risk: Is This A Sell Signal?
Jim Cramer told investors not to sell Meta Platforms (META) over the youth-safety trial in Oakland, California. He argued the legal pressure is temporary and the shares reward patience.
Meta stock trial risk has weighed on the shares all year. They closed Monday at $559.02, up 1.66%, valuing Meta near $1.42 trillion.
What the Meta Stock Trial Risk Actually Covers
Opening arguments in the case, brought by 29 state attorneys general, began on August 18. The states accuse Meta of designing Facebook and Instagram to be habit-forming for minors, then downplaying the danger.
Judge Yvonne Gonzalez Rogers will decide the outcome, because the jury is advisory only. She has already discarded claims tied to infinite scroll and autoplay.
Meta leans on Section 230, the federal law shielding platforms from liability over user posts. The states attack design, not content.
The $1.4 Trillion Figure Is a Ceiling, Not a Demand
No state has asked for $1.4 trillion. The number is a theoretical maximum, alleged violations multiplied by the fines written into state law.
Meta surfaced the calculation in a July 7 filing and asked the court to reject it. The states’ filings remain sealed, and they have never named a figure.
California Attorney General Rob Bonta accused Meta of promoting the number to make the case look unreasonable. Asked for a fair penalty, he pointed to revenue.
“They generated revenue of $200 billion last year, so, you know, maybe that amount would be appropriate. Maybe more. Maybe less,” Rob Bonta, quoted by NPR on Aug. 18.
New Mexico’s separate case ended in $942 million of penalties, a fraction of the number greeting the landmark youth-safety trial.
Cramer and Wall Street Split on Meta Stock
Cramer made his case on X six days ago, blaming the venue, not the merits.
“Meta trial in the worst possible district for corporate defendants, hence why the stock is being hammered. But the case, while strong enough, might not survive a supreme court review,” Jim Cramer, host of CNBC’s “Mad Money,” in a post.
Bank of America kept its Buy rating and $810 price target, implying roughly 45% upside on 16 times estimated 2027 earnings.
Mizuho is warier, comparing the case to the Big Tobacco fights of the 1990s. Forced product changes would bruise sentiment faster than any fine.
The Inverse Cramer Trade Has a Losing Record
Fading Cramer is a standing market joke, and BeInCrypto covered the latest inverse Cramer episode days ago.
The record does not reward it. Tuttle Capital’s Inverse Cramer Tracker ETF (SJIM) ran from March 2023 to February 2024, losing 15% while the S&P 500 gained 25%.
Quiver Quantitative still tracks the trade, showing a 42.57% win rate and a 17.63% loss over the past year.
Selling Meta because Cramer said hold is therefore a weak thesis. Of 43 analysts tracked by TipRanks, 38 still rate the stock a Buy and none a Sell.
The consensus reads Strong Buy, with an average 12-month target of $752.38. That sits 34.59% above Monday’s close.
Targets run from $580 to $1,000, so even the lowest sits above where Meta trades today.
The stronger bear case sits with Mizuho and the remedies, not with the messenger. Meta’s bill for AI server hardware will test it long before the courtroom does.
The post Jim Cramer Cites Overblown Meta Stock Trial Risk: Is This A Sell Signal? appeared first on BeInCrypto.
Copper futures settled at $6.71 per pound on Comex on Tuesday, the highest closing price in the metal’s history. The debasement trade is lifting metals and crypto together.
The trade describes investors rotating into scarce assets on bets that US debt management will erode the dollar. Gold, silver, and Bitcoin (BTC) are all climbing on the same fear.
Treasury Buybacks Revive the Debasement Trade
September copper futures ended the day at $6.71, up roughly 1.6%, according to Trading Economics. Market data firm Barchart had flagged the contract as on course for its strongest closing price in history during the session.
Supply strain explains part of the move, with reports indicating that London Metal Exchange stockpiles fell 14% since late July to 214,550 tonnes. Chile also trimmed its output forecast for a second straight quarter, and an outage at Indonesia’s giant Gresik smelter tightened the market further.
Those shortages powered copper’s record-breaking run earlier in August. The monetary backdrop has since taken over as the main driver.
The US Treasury last week doubled its maximum bond buyback size to at least $4 billion from $2 billion. Critics read the expanded buyback program as stealth easing that shifts pressure onto the currency.
The dollar index sits near three-month lows after its third losing week in four. Gold, meanwhile, traded around $4,666 an ounce and is tracking its best month since 1999. The metal has risen for five straight weeks, gaining more than 5% last week alone, while silver held near $69.
Deutsche Bank analyst Michael Hsueh sees room for a push to $4,800, which would extend gold’s three-month high.
“The government’s financial condition is at an inflection point,” Bridgewater Associates founder Ray Dalio indicated.
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Bitcoin Rides the Same Wave Toward $80,000
Bitcoin has moved in lockstep with the metals. BTC trades near $78,900, up about 0.23% in 24 hours, according to BeInCrypto Markets data.
The largest cryptocurrency briefly topped $81,000 earlier on Tuesday, its strongest level since May. Its 22% jump last week ranked as its sharpest three-day rally in years.
The Treasury announcement also caught bearish traders off guard. CoinGlass data showed more than $4 billion in short positions liquidated during the breakout.
Stephen Coltman, head of macro at asset manager 21Shares, told CNBC the buyback mattered more for its message than its size.
“The [signaling] effect was very powerful.”
Therefore, one policy decision now anchors three separate rallies. Copper adds a supply squeeze, gold adds central bank credibility fears, and Bitcoin adds a short squeeze on top.
Whether the run continues may depend on the dollar’s next move. Traders will watch upcoming Treasury buyback operations for any sign the pressure on the currency deepens or fades.
The post Copper Hits Highest Close in History as Debasement Trade Lifts Metals and Crypto Alike appeared first on BeInCrypto.
The cryptocurrency market has entered “extreme greed” for the first time since late 2024, with CoinMarketCap’s sentiment index reaching 81 after Bitcoin gained about 24% in seven days.
Summary
- CoinMarketCap’s Fear and Greed Index rose from 41 to 81 within one week.
- The reading has climbed 45 points from its level of 36 one month ago.
- Bitcoin’s weekly rally coincided with heavy short liquidations and renewed U.S. ETF demand.
- Alternative.me’s separate index remains in greed, showing differences between the two methodologies.
Crypto Fear and Greed Index reaches 81
CoinMarketCap’s Fear and Greed Index registered 81 late on Aug. 24 and remained at the same level the following day, placing cryptocurrency sentiment in its “extreme greed” category.
One week earlier, the gauge stood at 41, while its reading a month ago was 36. The latest figure represents a 40-point increase over seven days and a 45-point rise across the month, reversing the caution seen during much of the first half of 2026.
Extreme greed begins at 80 under CoinMarketCap’s classification. A reading above that threshold points to strong buying interest and high confidence, although the platform says elevated sentiment may also indicate that the market is overheated and vulnerable to a correction.
CoinMarketCap builds the index from five groups of data: price momentum, volatility, derivatives activity, market composition, and its own social and engagement information. Price performance covers the 10 largest non-stablecoin cryptocurrencies, while the derivatives component includes put-to-call ratios for Bitcoin and Ethereum options.
The methodology also uses Bitcoin’s value relative to stablecoin supply, along with searches and user activity recorded by the platform. Since each input reacts differently to changing market conditions, the reading does not measure price performance alone.
February offered the opposite picture. The index fell to 5 on Feb. 5, its lowest point of 2026 and a level associated with extreme fear. Its advance from 5 to 81 has carried the gauge from its most bearish category to its most bullish one in less than seven months.
As reported in July, Bitcoin traded near $58,000 to $60,000 while sentiment readings sat in the low teens. At the time, spot Bitcoin exchange-traded funds had recorded $4.5 billion in June outflows, and aggregate crypto open interest had fallen from more than $90 billion to about $44.5 billion.
Bitcoin’s 24% rally drives the sentiment jump
Bitcoin supplied much of the price momentum behind the latest reading, climbing about 24% over the week and briefly moving above $80,000 for the first time since May. The cryptocurrency traded near $79,000 on Aug. 25 after easing from an intraday high around $81,255.
CoinMarketCap said Bitcoin rose 24% as its sentiment reading moved from 41 to 81. The platform also placed the total cryptocurrency market value at about $2.67 trillion on Aug. 24, up 23.8% over seven days.
Even with gains across several large cryptocurrencies, Bitcoin retained close to 60% of the market’s total value. CoinMarketCap placed its dominance at approximately 59.7% on Aug. 26, indicating that the largest cryptocurrency continued to account for most of the sector’s capitalization.
The rally began after Bitcoin broke out of a trading range near $62,000 to $65,000 on Aug. 19. As the price passed $70,000, traders holding leveraged bearish positions had to buy back Bitcoin to close their trades, adding forced demand to the advance.
According to CoinGlass figures cited in coverage of the squeeze, approximately $2.7 billion in bearish crypto positions were liquidated over 24 hours. More than $1 billion of Bitcoin shorts closed within about one hour, while short trades accounted for about 92% of nearly $3 billion in total liquidations across more than 172,000 traders.
Liquidation figures differ depending on the reporting period. Estimates covering the full two-to-three-day advance placed total crypto short liquidations above $4 billion, whereas the $2.7 billion figure covered the main 24-hour breakout through $70,000.
Treasury buybacks preceded the Bitcoin breakout
The U.S. Treasury announced on Aug. 19 that it would at least double the maximum size of liquidity-support buybacks for 10-to-20-year and 20-to-30-year nominal coupon securities.
Beginning Sept. 9, the purchase cap will increase from $2 billion to at least $4 billion per operation. Treasury said the adjustment is intended to improve liquidity in longer-dated government debt, where older securities can become harder for dealers to trade.
Bond yields and the U.S. dollar weakened after the announcement, while Bitcoin rose from an intraday low near $64,100 to roughly $69,500 within 12 hours. The 30-year Treasury yield fell from a 19-year high above 5.34% to about 5.19%, and the 10-year yield declined to 4.647%.
As crypto.news previously detailed, the buyback increase does not take effect until September, meaning no money from the expanded operations had entered the market when Bitcoin began climbing. Treasury buybacks also differ from Federal Reserve quantitative easing because the department funds the purchases through debt issuance rather than creating central-bank reserves.
Market participants still linked the announcement to easier financial conditions, lower long-term yields, and the subsequent demand for risk assets. Treasury has not said that its program was designed to support Bitcoin, nor has it established that the buyback decision directly caused the cryptocurrency’s rally.
The distinction matters for U.S. investors because Treasury yields affect the returns available from government debt. When bond yields fall, investors may allocate more capital to stocks, commodities and cryptocurrencies, but Bitcoin remains exposed to sharp price changes even when macro conditions appear supportive.
U.S. Bitcoin ETFs add spot demand
U.S.-listed spot Bitcoin ETFs recorded about $517 million in net inflows on Aug. 19, followed by approximately $606 million on Aug. 20, according to SoSoValue data. The two sessions brought more than $1.1 billion into the funds as Bitcoin moved through $70,000 and $75,000.
Across the five trading days ending Aug. 21, the products attracted approximately $1.9 billion. The inflows gave American investors more Bitcoin exposure through regulated brokerage and retirement accounts without requiring them to hold the asset directly.
Spot Ether ETFs added about $221 million on Aug. 20, while XRP and Solana investment products received approximately $13 million and $15 million, respectively. Combined flows into Bitcoin and Ether funds reached roughly $2.3 billion during the rally period.
Analysts interviewed for a Bitcoin demand assessment said continued ETF and cash-market purchases would be needed after short covering faded. Nansen senior research analyst Nicolai Søndergaard described the price action as an improvement in market structure but said it did not yet confirm that the full market cycle had turned.
Bitget Wallet research analyst Lacie Zhang also attributed the advance to a mix of ETF purchases, macro conditions, and forced buying from bearish traders. She said fresh spot demand would need to continue for Bitcoin to remain above $80,000 after the squeeze ended.
Alternative.me records a less extreme reading
Alternative.me’s sentiment gauge remained in the “greed” category rather than extreme greed, sitting about six points below its own extreme threshold when the CoinMarketCap reading reached 81.
The difference comes from separate inputs and scoring methods. Alternative.me’s index focuses mainly on Bitcoin and uses volatility, market momentum and volume, social-media activity, Bitcoin dominance and Google search trends.
Volatility and market momentum each carry a 25% weighting. Bitcoin dominance accounts for 10%, while search trends contribute another 10%. The service lists surveys as a 15% component but says polling is currently paused.
Alternative.me says rising Bitcoin dominance can indicate that traders are moving away from more speculative tokens, which its model may interpret as fear rather than greed. CoinMarketCap instead measures conditions across the 10 largest non-stablecoin cryptocurrencies and includes Bitcoin and Ethereum options data.
Both gauges nonetheless recorded a rapid improvement in sentiment as Bitcoin recovered from its midyear lows. Alternative.me says its index should not be treated as investment advice and warns that excessive greed can precede a market correction.
India is reportedly preparing to test its first tokenized corporate bond issuance in September, linking blockchain settlement with the country’s central bank digital currency (CBDC). The initiative is expected to be piloted through a limited group of investors before any broader market rollout.
According to Reuters, REC Limited—an Indian, state-controlled power infrastructure finance company—plans to issue less than 5 billion Indian rupees (about $57 million) in tokenized bonds. The report, published Monday and based on three sources familiar with the plans, says the pilot could be announced at an annual financial technology event in Mumbai in September.
Key takeaways
- REC Limited is reportedly planning an initial tokenized corporate bond issue of under 5 billion rupees, with timing pointing to September.
- The pilot is expected to use India’s CBDC for purchasing the bonds, tying tokenized securities directly to central bank settlement.
- Participation may require two separate digital accounts: a wholesale CBDC wallet and a dedicated electronic securities wallet.
- Depositories are developing “DEMAT 2.0” to track bond holdings using distributed ledger technology.
- A short initial lockup of three months is expected, with plans for secondary trading to emerge by December.
A tokenized bond pilot built around the CBDC
Reuters reports that India’s central bank digital currency will be used to buy the tokenized bonds during the pilot. That design matters because it targets end-to-end integration—where tokenized securities are not merely recorded on a ledger, but also settled through a central bank-backed digital payment rail.
Under the reported setup, investors would need two digital accounts to participate. One is described as a wholesale CBDC wallet provided by a bank, while the other is a new electronic securities wallet intended to hold and record tokenized bond positions.
This approach differs from earlier tokenized asset experiments that often focused on issuance and recordkeeping while relying on traditional payment and settlement mechanisms for transfers. If implemented as described, India’s pilot would aim to reduce settlement friction by bringing securities settlement and payment settlement into a more unified flow.
DEMAT 2.0 and the push for blockchain-based securities records
The securities wallet at the center of the pilot is being developed by India’s securities depositories. Reuters refers to the project as “DEMAT 2.0,” which is expected to record bond holdings using distributed ledger technology.
Reuters also reports that India’s central bank (the Reserve Bank of India, RBI) and securities markets regulator (SEBI) are working with depositories on the initiative, highlighting how the regulator-led infrastructure is being shaped to support tokenized issuance.
From an investor and market-structure perspective, the reliability and legal enforceability of the securities record is crucial. DEMAT 2.0’s role—tracking ownership and balances—would likely determine how easily tokenized bonds can interface with existing compliance requirements, custody practices, and settlement processes.
Timeline: lockup, limited access, and a possible secondary market
Reuters says the pilot will initially be open only to a select group of investors. It also suggests that the program may be unveiled at an annual financial technology event in Mumbai in September, implying a tightly scoped launch designed for controlled testing rather than immediate broad distribution.
The tokenized bonds are reported to have an initial three-month lockup period. After that, exchanges are expected to develop a secondary market for the tokenized bonds by December, according to Reuters.
For participants, these milestones shape the practical use of the instrument. A lockup period can limit liquidity in early phases, while plans for secondary trading by December indicate the project’s intent to move beyond issuance-only pilots. Whether the secondary market will be actively traded, what market-making or trading rules may apply, and how price discovery will function remain key questions observers will be watching.
Regulators yet to comment
Cointelegraph reached out to India’s RBI and SEBI, as well as REC, for comment on the reported plans, but did not receive responses at the time of publication.
The lack of official confirmation means investors should treat the details—amount, access, wallet architecture, and exchange timeline—as reported developments rather than finalized policy. Still, the fact that multiple regulators and market infrastructure providers are described as working together suggests the pilot is part of a broader effort to operationalize tokenized securities within existing regulated frameworks.
As the September pilot approaches, the most important signals will likely come from whether DEMAT 2.0 is ready for real bond positions, how the wholesale CBDC wallet integration is handled for participating banks, and what guidance SEBI and the RBI ultimately publish on market conduct, settlement finality, and secondary trading rules.
Term Finance has permanently closed its Meta Vaults and removed their DAO governance powers after an attacker drained an estimated $8.5 million in ETH and stablecoins.
Summary
- Term Finance has permanently blocked new deposits while keeping withdrawals available.
- PeckShield estimated that the attacker removed 2,843 ETH and 1.68 million USDC.
- Yearn said the exploit targeted Term’s custom governance wrapper, not standard Yearn V3 vaults.
- Term Labs has not confirmed depositor repayments, recovery amounts, or a compensation timeline.
Term Finance permanently blocks Meta Vault deposits
Term Labs said in an Aug. 23 update that it had shut down every Term Meta Vault and revoked the DAO governance roles connected to the products. The action cannot be reversed and prevents users from making new deposits, although existing depositors can continue submitting withdrawals.
“All Term Meta Vaults were shut down and DAO governance roles have been revoked,” the development team said.
Term Labs did not disclose how much remained inside the vaults or how much each depositor could withdraw. Instead, the team said it would “explore pathways” to cover any gaps, leaving the final recovery amount and the treatment of any shortfall undecided.
No compensation plan, reimbursement commitment, or payment schedule accompanied the update. The protocol also has not announced whether it has contacted the attacker, law enforcement agencies, centralized exchanges, or stablecoin issuers in an attempt to freeze or recover any assets.
The closure followed Term Labs’ initial confirmation that a governance exploit had affected its vaults. As crypto.news reported on Aug. 23, the first statement did not identify the compromised contracts, pause status, or estimated loss because the investigation was still underway.
At the time, Term Labs said:
“We are aware of a governance exploit impacting Term vaults. We will share more details once it has been further investigated.”
The latest notice settles the operational status of the Meta Vaults but leaves the financial accounting incomplete. Term Labs has not published a vault-by-vault breakdown, a final technical report, or a confirmed figure for missing customer assets.
PeckShield traces ETH and stablecoin transfers
Blockchain security firm PeckShield estimated the loss at approximately $8.5 million after tracing around 2,843 ETH and 1.68 million USDC from the affected vaults. The ETH was worth about $6.87 million when the transactions occurred.
According to the security firm, the attacker exchanged the 1.68 million USDC for approximately the same amount of DAI after removing it from the protocol. PeckShield also traced the attacking wallet’s initial funding to 2 ETH received through Tornado Cash, although the transfer does not reveal who controlled the wallet.
Etherscan records cited in reports on the attack show that one transaction sent 2,841.74 wrapped ETH to an address labeled “Term Finance Exploiter 1.” A separate transfer moved 1.68 million USDC to an address identified by the explorer as “Term Finance Exploiter 2.”
Etherscan labels help users follow addresses connected with reported incidents, but they do not identify the individual or organization behind an account. Term Labs has not publicly named a suspect or said whether investigators have linked the wallets to an exchange account with verified customer information.
A subsequent attack analysis found that the attacker spent about $951 to obtain enough governance tokens to control four USDC strategy vaults and roughly 91% of the Ethereum Meta Vault. According to the report, Term’s vault product held about $12.45 million in depositor funds before the attack, putting the estimated loss at nearly 68% of the deposited value.
The report said the transactions did not depend on a conventional smart contract coding error. The attacker instead used the protocol’s authorized governance process after gaining enough voting power to submit and approve proposals that directed the vaults to move funds.
Term Labs has not yet confirmed the $951 purchase, the reported voting percentages or the estimated share of vault assets lost. A complete account remains dependent on the team’s technical investigation and reconciliation of each affected contract.
Yearn says its standard V3 vaults were not exposed
Yearn said in its response that Term’s affected contracts were based on the Yearn V3 architecture, but the attacker used a governance wrapper developed specifically for Term’s vault products.
“While their contracts are built on Yearn’s V3 architecture, the exploit occurred via a custom governance wrapper around the vaults,” Yearn said, adding that the same attack route did not apply to standard Yearn vault configurations.
According to Yearn, funds held in its regular vaults were not affected. The statement separated Term’s added governance system from Yearn V3’s main vault contracts, which allow outside developers to build customized products around the underlying architecture.
Term Labs likewise said its current investigation had found no impact on the underlying Term protocol or its direct lending markets. Its Meta Vaults operated as a separate product layer that allocated deposited assets through managed strategies, while the main protocol offered fixed-rate borrowing and lending through on-chain auctions.
External security specialists are assisting with remediation and asset recovery, according to the development team. Term Labs has not named the firms, described the steps being taken, or set a date for a post-incident report.
Governance attacks have prompted tighter DAO controls
Term Finance is not the first protocol in 2026 to lose control of assets through an approved governance action. In July, an attacker used purchased voting power to pass a proposal that transferred about $20 million in BONK from BonkDAO’s treasury.
Following that attack, ENS DAO activated a security council with eight members and limited authority to cancel malicious proposals. Five signatures are required to veto a queued transaction, while the council cannot transfer treasury assets or rewrite proposals.
Another attempted governance attack was stopped before funds moved. Binance said on Aug. 18 that its security team detected a malicious proposal threatening about $1.2 million held by an unnamed DAO. The exchange contacted the project with less than 48 hours left before execution, and the proposal was rejected without a reported loss.
For U.S. users, the Securities and Exchange Commission’s position on decentralized organizations depends on the facts and economic structure of each arrangement. In its 2017 DAO report, the SEC concluded that the DAO tokens examined in that case were securities and said organizations using distributed ledgers for capital raising must comply with applicable federal securities laws.
The SEC report did not address Term Finance, and no U.S. regulator has publicly announced an investigation into the Meta Vault attack. PeckShield’s reported Tornado Cash funding trail also does not establish that the stolen assets entered the United States or passed through a U.S.-controlled service.
In August 2025, a federal jury convicted Tornado Cash co-founder Roman Storm of conspiring to operate an unlicensed money-transmitting business. The U.S. Attorney’s Office for the Southern District of New York said the service had transmitted more than $1 billion in criminal proceeds.
Ethereum price traded near $2,478 on Aug. 25 after gaining roughly 30% over seven days, but an overbought daily reading and concentrated liquidity around $2,500–$2,550 could decide whether the rally extends toward $3,000 or enters a deeper pullback.
Summary
- Ethereum price rose from about $1,916 on Aug. 19 to a seven-month high above $2,500.
- US spot Ethereum ETFs attracted $697.2 million during their strongest inflow week of 2026.
- The daily RSI reached 79.12, placing ETH firmly within overbought territory.
- A weekly close above $2,550 could open the way toward $2,700 and $3,000.
Ethereum price holds most of its 30% weekly gain
According to data from crypto.news, Ethereum (ETH) price was trading at approximately $2,478 at the time of writing, having eased from an intraday high of $2,532. The asset remains roughly 29% above its Aug. 19 opening price of $1,916.
The rally carried ETH through $2,000, $2,200, and $2,400 in less than a week, reversing a long period of subdued price action. Ethereum had largely traded between $1,800 and $1,950 during the first half of August before the breakout began.
The initial move coincided with an unusually large derivatives reset. CoinGlass data showed that short sellers across the crypto market lost nearly $2.7 billion within 24 hours, while total liquidations approached $3 billion. Ethereum accounted for about $1.1 billion of the forced closures, according to separate reports citing the same dataset.
Short covering helped accelerate the initial advance, but ETH has retained most of those gains after the liquidation wave faded. Price has consolidated between approximately $2,420 and $2,530 since Aug. 22 rather than returning to its pre-breakout range.
US ETF inflows support Ethereum demand
US-listed spot Ethereum ETFs recorded $697.2 million in net inflows during the five trading sessions through Aug. 21. It was their strongest weekly result of 2026 and their best performance since early October 2025.
The inflows matter because they show that demand extended beyond leveraged derivatives. US spot Bitcoin funds attracted another $1.918 billion over the same period, taking combined inflows for the two groups to approximately $2.6 billion.
The rally also followed the US Treasury’s Aug. 19 decision to increase the maximum size of its longer-dated bond buybacks. The department said operations covering 10-to-30-year securities would rise from $2 billion to at least $4 billion beginning Sept. 9, according to the official announcement.
Long-term yields declined after the announcement, with the 30-year yield moving from above 5.30% to around 5.19% at one stage. However, the buyback increase has not yet taken effect, meaning the announcement coincided with the crypto rally rather than representing an immediate injection of Treasury liquidity.
US regulatory developments supplied another possible sentiment boost. The Securities and Exchange Commission proposed two exemptions for certain investment contracts involving crypto assets, including a startup exemption of up to $5 million over four years and a fundraising route of up to $75 million annually.
Ethereum’s daily RSI warns of overheating
Ethereum’s daily chart has turned bullish after the price cleared all four major moving averages. ETH is trading above the 20-day simple moving average at $2,079, the 200-day average at $2,013, the 50-day average at $1,950, and the 100-day average near $1,877.
The ordering of those averages has not yet developed into a confirmed long-term bullish formation, but the breakout above the 200-day average removed one of the market’s most important technical barriers. The $2,000–$2,080 region could consequently serve as major support during a broader correction.
Short-term conditions look stretched. The daily relative strength index stood at 79.12, well above the conventional overbought threshold of 70. Its signal average had climbed to 67.06, showing that momentum remains strong even as the risk of profit-taking rises.
Overbought readings do not guarantee an immediate decline, particularly during a sharp trend reversal. However, they suggest that buyers may need fresh demand to carry ETH through the resistance concentrated above $2,500.
The 4-hour chart remains constructive. Ethereum is holding above its Supertrend support at approximately $2,344, while the Aroon Up reading of 64.29% remains well above the Aroon Down value of 7.14%. The gap indicates that recent highs still have more influence than recent lows, although declining Aroon Up momentum points to some cooling.
ETH liquidation map puts $2,550 in focus
CoinGlass’s three-day liquidation heatmap shows a large concentration of leveraged positions immediately above the current market. The most visible upside liquidity sits between approximately $2,540 and $2,570, with further clusters extending toward $2,600–$2,630.
A move through $2,550 could force additional short positions to close and help ETH target $2,600. Above that range, the daily chart shows limited recent price structure until around $2,700, followed by the psychological $3,000 level.
Crypto analyst Ted Pillows identified $2,500–$2,550 as the main resistance zone. He said a weekly close above that area could support a direct move toward $3,000, though the target remains conditional on ETH confirming the breakout.
The heatmap also shows substantial downside liquidity between $2,410 and $2,450. A rejection from $2,500 could draw the price toward that zone before buyers attempt another move higher.
Below it, the 4-hour Supertrend level at $2,344 forms the next important support. Losing that level would weaken the immediate bullish structure and expose approximately $2,200, followed by the cluster of daily moving averages around $2,000–$2,080.
Michaël van de Poppe said ETH was approaching a higher-time-frame support level against Bitcoin and could benefit once Bitcoin begins consolidating. His view presents ETH’s relative performance as another possible source of upside, but the dollar chart must still clear $2,550 to confirm continuation.
Ethereum therefore enters the next weekly close between a clear breakout level and an overextended momentum reading. Holding $2,410–$2,450 would preserve the short-term setup, while a confirmed close above $2,550 would strengthen the case for $2,700 and eventually $3,000.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A tokenized stock can now remain part of a trader’s market exposure while funding a leveraged position. Selling it for USDC first is no longer required.
Ondo Perps has added tokenized Circle (CRCLon), SpaceX (SPCXon) and SanDisk (SNDKon) as eligible collateral. Traders can retain exposure to those assets while using them to support perpetual futures trades.
The addition arrives during a strong year for onchain equities. Tokenized stocks reached roughly $1.8 billion in market capitalization in August and accounted for about 15% of the tracked real-world asset market, three times their share at the start of 2026.
Ondo held the largest slice at roughly $957 million on August 17.
Collateral Changes Things
Spot tokenization gives investors blockchain-based exposure to equities. Collateral lets the same capital support another trade while the investor retains market exposure.
Ondo designed Perps so that traders can use tokenized securities alongside stablecoins as multi-asset collateral, including an equity token linked to one company to support a perpetual contract linked to another. The company also pitches the combination of spot assets and perps as an early form of onchain prime brokerage.
The immediate use case is hedging. A trader holding a tokenized equity can open an offsetting perpetual trade on the same venue. Basis strategies add another use, where investors can hold the spot token, short its perpetual future and collect funding when rates are positive.
Of course, collateral quality is important. Perpetual markets depend on reliable pricing and enough liquidity to manage liquidations during volatile periods. Equities also bring dividends, stock splits and other corporate actions into the risk model.
Ondo says its tokenized stocks and ETFs are backed by corresponding securities and cash in transit, with underlying holdings kept at US-registered broker-dealers or US-chartered national trust companies. An independent verification agent reviews the backing each business day.
Tokenized Equities are Already Entering Credit Markets
In February, Ondo brought SPYon and QQQon into Morpho lending markets, allowing the tokenized S&P 500 and Nasdaq-100 ETF products to serve as collateral for borrowing. Gauntlet provides risk management for the markets.
Chainlink data feeds for Ondo assets including SPYon, QQQon and TSLAon also went live earlier this year, supporting collateral valuation across DeFi applications.
Euler was among the first integrations, allowing users to borrow stablecoins against eligible tokenized stocks and ETFs.
So, a tokenized security can begin as market exposure to a stock, then become lending collateral and support derivatives trading. Each additional use gives holders more ways to deploy the same asset across onchain finance.
A $2.8 Billion Market Finds More Uses
Ondo Stocks now offers more than 440 tokenized stocks and ETFs across Ethereum, BNB Chain and Solana. The platform has also passed $1 billion in TVL, according to Ondo and comments from managing director John Hoffman.
Usage is certainly becoming more sophisticated. The tokenized equity market now spans spot trading, credit and leveraged derivatives, giving issuers a larger arena in which to compete.
The addition of Circle, SpaceX and SanDisk means each asset can serve as market exposure and trading collateral inside the same system.
Collateral gives tokenized assets financial utility after issuance, turning equities into components of onchain portfolio management.
The post Ondo Expands Perps Collateral as Tokenized Stocks Gain a Second Use appeared first on BeInCrypto.
Oil prices fell about 2% on Wednesday. Iran said it resumed talks with Oman on managing the Strait of Hormuz, raising hopes for reopened shipping lanes.
Brent crude dropped to $86.27 a barrel, while US West Texas Intermediate slid to $80.87. Both benchmarks lost more than 3% on Tuesday.
Iran and Oman Discuss Temporary Hormuz Corridor
Iran and Oman have held on-and-off talks for weeks over Strait of Hormuz traffic. The waterway has historically carried about one-fifth of global oil and liquefied natural gas shipments. Volumes fell after fighting broke out in February.
The two countries said Tuesday they discussed a joint temporary navigational corridor. They also agreed to clear the strait of mines. Iran restarted the negotiations as it faces heightened economic pressure from President Donald Trump’s administration.
“The market continues to react to developments surrounding navigation through the Strait of Hormuz, and hopes for progress in talks between Iran and Oman have triggered selling.”
Mitsuru Muraishi, an analyst at Fujitomi Securities, told Reuters.
Washington expanded sanctions targeting Iran on Monday, threatening countries that keep doing business with Tehran. However, penalties will not take effect immediately.
US Sees Lower Risk of Escalation
The US has begun returning personnel to some Middle East diplomatic missions evacuated during the conflict. Two people familiar with the matter said.
The personnel shift therefore suggests Washington sees a lower near-term risk of escalation. Some embassies will initially run below full capacity.
Meanwhile, an unidentified projectile struck and disabled an oil tanker on Tuesday. The incident occurred nine nautical miles northeast of Ash Shishah, near Oman’s entrance to the strait. The United Kingdom Maritime Trade Operations (UKMTO) reported the strike.
Rising US Crude Stocks Add to Selling Pressure
The American Petroleum Institute (API) reported a rise in US crude inventories. Stockpiles increased by about 4.2 million barrels in the week ended August 21, market sources said.
Analysts polled by Reuters had forecast a 600,000 barrel increase. Official data from the Energy Information Administration (EIA) are due Wednesday at 10:30 a.m. ET.
In contrast, Muraishi said uncertainty over the outlook has prompted bargain buying, which could keep prices range-bound in the near term.
The post Oil Falls Near 3% as Iran, Oman Restart Hormuz Corridor Talks appeared first on BeInCrypto.
You don’t need to build a case for your decision. “When it comes to trying to find the right fit, I don’t think clients should have to worry about having to justify their perspective,” Eshtehardi says. He suggests keeping the message simple: “I don’t think it’s the right fit. I’d like to stop sessions, and I really appreciate your time. Thank you.”
And try not to assume you’ve devastated them. Therapists are trained to handle patients leaving, Kraiem says. If yours can’t tolerate it, “then there’s a problem with the therapist, not with the patients.”
Make the transition easier on yourself
If you need consistent support, try to line up a new therapist before leaving your current one. Ask your therapist if they can recommend someone with a different style or specialty.
Before booking, confirm the new therapist accepts your insurance. “There’s nothing worse than getting through that first session” only to discover they don’t, Culkin says. You can also ask how they structure sessions, establish goals, and respond when a client disagrees. Be candid about what helped the first time around, what didn’t, and what’s important to you this time. Culkin encourages therapists to ask what clients appreciated about past providers and what they wish had been different. “Those are gold answers,” he says.
Crypto World
BTC Price Hits $80,000 as Bitcoin Miners Dodge Data Center Backlash Crushing AI Stocks And BTC Just Hit $80,000
A political fight over data center construction is quietly reshaping which crypto-adjacent equities win and lose this summer, and Bitcoin miners are ending up on the right side of it.
Governors from New York to Texas have moved to slow or block new data center construction amid rising anti-AI political backlash, hammering stocks like Constellation Energy and NRG in the process.
Bitcoin miners running their own power infrastructure, names like Cipher Digital and Hut 8, are positioned to sidestep the fallout entirely. Vertically integrated energy means miners do not face the same zoning and grid-approval headwinds currently choking AI data center buildout.
That divergence matters. While AI infrastructure absorbs regulatory friction, Bitcoin’s underlying network economics keep tightening underneath the surface.
Price action is already reflecting it. Bitcoin is trading at $80,000, up 3.50% on the day and up over 27% in the past 7 days, grinding against the same $80,000 ceiling it has not cleared since May.
The question now is whether mining economics and spot price can both hold their footing above key resistance.
Discover: The Best Token Presales
Can Bitcoin Price Hit $82K This Week?
Bitcoin is trading at $80,500, up 2.0% over the past 24 hours, with weekly gains north of 22%. Volume has remained elevated throughout the breakout, a sign that this is not a low-liquidity spike.
Price is consolidating in the high $70,000s to low $80,000s band, right at the psychological line that has rejected BTC once already this cycle.
Short-term resistance sits at $82,193.5, with support cushioning near $70,750. The short-term trend reads bullish. Mid-term is neutral. Long-term structure still carries bearish overhang from prior downtrend levels, a mixed picture despite the strong tape.
A clean break above $82,193.5 opens room toward $87,000. Consolidation between $75,000 and $82,000 while the market digests the rally is the base case. Failure to hold $78,000 support invalidates near-term bullish structure and drags price back toward the $70,000 zone.
Government accumulation trends remain a structural tailwind regardless of short-term chop.
Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels
Holding BTC through this stretch has paid off; a 22% weekly move validates anyone who bought the dip. But at an $80,500 price point and a market cap north of $1.5 trillion, doubling from here requires trillions in fresh capital.
That math gets harder every time BTC sets a new high. Early-stage infrastructure plays built on Bitcoin, rather than just tracking its price, offer a different risk-reward entirely, and that’s exactly the lane Bitcoin Hyper is running in.
Bitcoin Hyper (HYPER) bills itself as the first Bitcoin Layer 2 with full SVM integration, smart contract execution that it claims outpaces Solana, layered on top of Bitcoin’s base-layer security.
The presale has raised $33,080,369.89 at a current token price of $0.0136852, with staking rewards live for early participants. Core features include a decentralized canonical bridge for BTC transfers and low-latency, low-cost transaction execution, addressing Bitcoin’s longstanding programmability gap.
More details on the macro backdrop driving this rotation are in this Bitcoin Hyper presale breakdown. Presale tokens carry no guarantee of exchange listing or price performance; standard early-stage risk applies.
Unlock Access to Bitcoin’s New Layer 2 Here
Discover: The Best Crypto to Diversify Your Portfolio
The post BTC Price Hits $80,000 as Bitcoin Miners Dodge Data Center Backlash Crushing AI Stocks And BTC Just Hit $80,000 appeared first on Cryptonews.
Dolly Parton, the beloved country-music superstar known for writing about the lives of regular people in more than 3,000 songs and, in later years, for giving away more than 300 million books to children around the world, has died in Nashville. She was 80. Parton had recently shared updates about health issues she’d been dealing with since the death of her husband Carl Dean last year, and her representatives told People that her death in Nashville came after a “brief battle with cancer.” Her nephew and bodyguard Bryan Seaver announced her death in an Instagram video posted to her account on Aug. 25, saying, “Dolly has lived in the light and is in the arms of Jesus, surely met by Carl, her parents, and countless others who have watched her and longed for her to meet them in the heavens.”
To her fans around the world, she was Saint Dolly—the American godmother who channeled the sorrows of everyday life into song, wrapping ugly truths in pretty packages. Though she was described by music journalist Robert Oermann as “the Mozart of our times,” Parton’s larger-than-life hair, excess in rhinestones, surgical implants, and cosmetic work concealed the iron will through which she confronted the day’s realities with her craft. Most importantly, she wrote and sang with a woman’s voice and heart about topics that uniquely touched her gender. Her songs include stories of stillborn births (“Down From Dover”), suicide (“The Bridge”), shame (“Just Because I’m a Woman”), abuse (“A Gamble Either Way”), adoption (“Doing This for Your Sake”), isolation (“Two Doors Down”), mental institutions (“Daddy Come and Get Me”), and prostitution (“The Bargain Store”).
I saw Parton play live in concert during her Pure & Simple Tour in October 2016, a month before the most divisive election in American collective memory, and a year before I began reporting a podcast on her life called Dolly Parton’s America. At the time, I was looking for someone or something to believe in. On the television and in the news, hatred from both sides of the American political aisle had never seemed more grotesque, but at Parton’s show, we all sang together. Parton visited more than 60 cities that summer and fall. Looking back, I can’t help but wonder if she knew it would be something of a healing tour, the last of its kind she would do. When I asked Parton what “Dolly Parton’s America” meant to her, she responded that her perspective wasn’t limited by borders, that it was Dolly Parton’s World: “I just think we need to love one another. I think we need to try a little harder. We need to be a little kinder. We need to be a little smarter. We need to have more love and compassion.” The last time I saw her, she told me she was planning a comedy album. She also said that, unlike other artists of her stature for whom posthumously released music has been a point of contention, she’d recorded many more songs of hope she’d put away in a vault, to be released throughout the hundred years following her death.
Parton was a genius from humble origins. Because of them, she remained vulnerable, even relatable, in the public eye. Many wealthy folk prefer to be compassionate from on-high, if at all, never getting their feet wet or hands dirty. Parton rolled in the mud. She claimed she modeled her look on “the town trash whore,” whom she thought was “beautiful.” She dressed in a way that was her idea of glamour: yellow hair piled atop her head, bright red lipstick and nails, high-heeled shoes, and a tight skirt. “I thought [that woman] was the prettiest thing I’d ever seen,” she once said on Ellen. “So I grew up to look just like her!”
Once Parton achieved a certain level of fame, her body became a punchline for the late-night circuit. When two male scientists made the world’s first cloned sheep, in 1996, they named it after Parton for its “large mammaries.” Parton laughed the cracks off with quips of her own (“I don’t know if I’m supporting them, or they’re supporting me”). For the Dolly podcast series, I asked Parton once about whether she thought her look stopped journalists, mostly men in the time she was coming up, from taking her work seriously, or viewing her songwriting as equally important to her work as a performer. She shrugged off the question: “Sometimes you have to look like Jezebel in order to get some angelic things done in the world.”
There are countless examples of remarkable women erased by history, but Parton survived her own story long enough to tell it. Her cycle of resurrections, the highs and lows, didn’t seem to change her much over the years, even as the highs garnered her over half a billion dollars.
Dolly Parton’s early years
Dolly Rebecca Parton arrived on Jan. 19, 1946, in an unheated cabin about an hour outside of Knoxville, Tenn., atop the Smoky Mountains. Her parents paid the doctor who trekked to their home to deliver her with a sack of cornmeal. The fourth of 12 children—as she put it, “Mama always had one on her or in her”—the kids slept three or four to a bed. Their only modern convenience was a battery-powered radio. Her childhood home had no indoor plumbing, electricity, or running water. She later compared it to moving from “the Dark Ages into the light ages.”
She grew up surrounded by pines, butterflies, creeks, and neon-green moss. As her father worked from sunup to sundown as a farmer, her mother sang the children Irish and Welsh folk songs “from the Old World,” passed down through the generations. One day, Parton fashioned a makeshift microphone by putting a tobacco stick into the ground and placing a tin can on top, performing a show of her own. By the age of 5, she had written her very first song, “Little Tiny Tasseltop,” about a corncob doll. By 8, her Uncle Bill Owens, who wrote songs and performed across East Tennessee billed as “Little Billy Earl with the Split Curl,” began to teach her the guitar. They sang together at supermarket openings, rallies, fairs, and talent contests. By age 10, he arranged for her to appear on the Cas Walker Show.
Walker was a coon hunter who’d started a local radio-cum-television show to promote his grocery stores. This was Parton’s first big break. At 11, Parton got her first recorded song, “Puppy Love,” co-written with Owens, on the radio, and at 13, she told Johnny Cash she wanted to sing at the Grand Ole Opry. So when an older Opry performer gave up his spot one Saturday night in 1959, Parton got her chance to sing at the historic venue. Cash himself introduced her to the crowd of 2,000. “We’ve got a little girl here from up in East Tennessee,” he said. “Her daddy’s listening to the radio at home, and she’s gonna be in real trouble if she doesn’t sing tonight, so let’s bring her out here!” That night she received three encores.
The day after she graduated high school, Parton took a Greyhound 180 miles to Nashville. For weeks she lived off soups made of ketchup and mustard and food left in the halls of hotels. But these scrappy days quickly paid off. She landed a record deal at 19, and soon after, a husband: a handsome, quiet man named Carl Dean, whom she met at the Wishy Washy Laundromat and would remain married to until his death in 2025. When her record company’s president encouraged her to delay marriage in order to keep her broad appeal to a male audience, she married Dean anyway, in secret. It was the early 1960s. There were obstacles to women owning a home, having credit in their own name, and taking out loans, so Parton moved like perfume, wafting through the world of men while always doing things her own way.
When her prophetic single “Dumb Blonde” hit the airwaves in 1966, it captured the attention of a star with the No. 1 syndicated country-music television show in the nation. Porter Wagoner, known for his lavender Nudie suits covered with sequins and rhinestones, had been looking for a new “girl singer.” The pair’s love-hate working relationship kicked off quickly. On her very first stint on the show, Wagoner cut off a shy Parton before she even finished singing. Alternately fighting and writing, they produced hit after hit, and a bolder, louder Parton began to emerge. Wagoner made her a better performer, while she made him a better songwriter. Their partnership also sharpened her already acute sense of humor. She said of her seven years with him, “If I got myself in a spot where it looked like I couldn’t walk my way out of it, or move my way out of it, I would joke my way out of it.”
The Wagoner band worked constantly, and Parton learned how to hold her own onstage and in the studio. Early on in her recording career, she’d been panned as the ditz with “a Minnie Mouse voice,” but she came into a new level of mastery during this phase. While recording “The Mule Skinner Blues” in 1970, Parton took the reins; she sang the first note so long that the band could not begin to play until they followed her lead. The record earned her her first individual Grammy nomination for Best Female Country Vocal Performance in 1970; she received 11 Grammys over the course of her career.
During her partnership with Wagoner, she wrote many of her signature hits, including “The Coat of Many Colors,” “Joshua,” and both “Jolene” and “I Will Always Love You.” When Parton decided it was finally time to leave Wagoner’s show, he sued her for $3 million, claiming she’d breached their contract. Famously, the lyrics to “I Will Always Love You” served as her way of letting him know how much she appreciated him. To avoid a lengthy legal battle, they settled for $1 million. Parton didn’t have the money, so she paid him in installments over the years.
When Elvis’ manager met with Parton to tell her Elvis would record “I Will Always Love You” if she’d just give up half of the publishing rights to the song, she refused. “I said, ‘I’m sorry, but I can’t give you the publishing,’” she told W magazine in 2021. “I wanted to hear Elvis sing it, and it broke my heart—I cried all night.” She attributed this stubbornness to her father’s business sense as a farmer—her songs were like crops, and without owning the harvest, her family would grow hungry.
Parton’s life seemed to play out as a constellation of experiences in sync with American history. She entered the working world around the time the first workplace sex discrimination law was passed. Her decision to leave her creative partnership with Wagoner coincided with women leaving unhappy marriages in droves following the passage of no-fault divorce laws. Despite the affection Parton expressed in her famous song, theirs was a messy divorce.
She starred alongside Jane Fonda and Lily Tomlin in 9 to 5, the 1980 movie based on 9to5, National Association of Working Women, a grassroots movement of female office workers, for which Parton penned an eponymous tune on workplace discrimination. In the film, Dolly plays a secretary who unites with the other women to confront the harassment of their employer Mr. Hart, played by Dabney Coleman. At one point, the women even share fantasies about killing their boss. It was an overwhelming hit. Perhaps Parton’s most countercultural act was her decision not to have children at a time when Reagan’s push for traditional family values took hold of the country.
Over the years, Parton’s music evolved from heart-wrenching “sad ass songs” to female-power anthems like “Light of a Clear Blue Morning” to spiritual tunes like “The Seeker” and “He’s Alive.” In the mid-‘80s, she opened up about her depression and suicidal thoughts following the end of an “affair of the heart,” family issues, and a negative experience filming The Best Little Whorehouse in Texas. She was dealing with a slew of health problems, ultimately undergoing a partial hysterectomy, and as she struggled to lose weight, she put herself on restrictive diets, including a liquid one that made her feel isolated. She documented her loneliness in “Two Doors Down” and started over professionally. She fired her accounting firm, trimmed her band, started her own record label, and founded her amusement park, Dollywood. Over time, she came to embody her moniker, the iron butterfly.
Amid cultural and social upheaval in America, Parton grew accustomed to coming under fire. In 2017, when her Dolly’s Dixie Stampede, a dinner show with teams from the North and South battling, met with protests during a national reckoning regarding monuments glorifying Confederates and racists, Parton dropped the word “Dixie.” Seaver, Parton’s nephew, described Parton’s way of navigating American politics as “dollitics,” noting her habit of evading party-line questions. As she put it, “My daddy was a Republican and my mama was a Democrat, so that makes me a hypocrat.” When she took the stage at the 69th Emmys in 2017 for a 9 to 5 reunion alongside Lily Tomlin and Jane Fonda, she refused to join in their skewering of then-President Donald Trump. Instead, she used her weapon of choice, a tit joke.
If you listen closely, however, her political opinions can be heard in the music. The tracks on her albums include a song based on a tragic true story of a plane filled with deportees crashing into California’s Los Gatos Canyon, one spotlighting the danger of a coal miner’s life and the necessity for workers to unite, and another telling the story of a girl forced into sex work in order to survive. Parton received death threats after contributing the song “Travelin’ Thru” to the soundtrack of the 2005 film Transamerica, which tells the story of a transgender woman. She also got threats from the KKK over “Gay Day,” an annual day of visibility for her gay fanbase. Still, Parton, the self-proclaimed “patron saint of drag queens,” continued to champion the LGBTQ+ community loudly, saying, “If you’re gay, you’re gay; if you’re straight, you’re straight. And you should be allowed to be, you know, how you are and who you are.” She once showed up to an annual drag queen competition, only to lose the Dolly look-alike contest to a man in drag.
Dolly Parton’s legacy
Parton liked standing alone. She never jumped on a bandwagon, nor did she punch down. Though she never openly called herself a feminist, in an interview she explained to me that she just shunned labels outright. Her refusal to cast anyone out and her radical acceptance of all kinds of people–queer people, people of color, her outright idolization of the women others called “trash”–in recent years earned her the nickname of “the Great Unifier.” In one of the last interviews for Dolly Parton’s America, while looking back on her life, she said, “I don’t practice my faith; I live it.”
Parton was a spiritual leader in a world where political leaders failed us time and again. I talked to a Zimbabwean scholar who wrote a piece about how the classical artwork of Zimbabwe was less important to many people than Dolly Parton’s music, especially the song “Just Because I’m a Woman.” It has been on the top of the charts in many countries in Africa for decades now. To get back into her “God space,” Parton would leave Nashville for her Tennessee Mountain home, up in the Smoky Mountains where she was born, to fast and begin to come up with new music. Eventually, her 3 a.m. prayers for songs became prayers for creating hope that would last longer than her lifetime.
Reflecting on how her father never learned to read or write, she provided $15,000 scholarships to high school students, and to improve middle school literacy rates in her home county, she gave each child $500 in cash upon graduation. In 1995 she started the Imagination Library, which donates books to children under 5. She invested proceeds from Whitney Houston’s towering 1992 cover of “I Will Always Love You” into a Black Tennessean community. When the Gatlinburg fires broke out across Appalachia in 2016, she raised millions of dollars and gave everyone who lost a home $1,000 a month for six months with a final surprise $5,000 check as the program wound down. She made another significant donation in 2024 to support the victims of Hurricane Helene. In 2020, she donated $1 million toward finding a vaccine for COVID, and in 2022, she began offering full college scholarships to every Dollywood employee.
Inducted into the Songwriters Hall of Fame in 2001 and awarded the National Medal of Arts in 2005, an honorary doctorate from the University of Tennessee – Knoxville in 2009, a Grammy Lifetime Achievement Award in 2011, and an honorary Oscar in 2025, Parton piled up accolades as high as the Smoky Mountains themselves. But her greatest feat may have been her devotion to other people, most of them complete strangers. “I just love people,” she said. “When I look at the audience I see my family. I see the God light, the goodness, in everybody, even if they can’t see it.” Perhaps that spirit is how “Jolene” came to be covered more than 400 times—my father first heard it sung by Leila Forouhar in the late 1970s in Iran—or what inspired Nelson Mandela to ask his prison guards at Robben Island to play her music over the loudspeakers. It’s a bit comforting to think of Parton’s life as a fairy tale, not the culmination of what a single person could do. But her story is a testament to how a person of humble origins can accomplish extraordinary feats, when they pray for, write with compassion about, and take action for others.
And she did this without taking higher status: She remained the butt of the joke, the girl in the wig with a bosom, doing what she believed was right, even while making mistakes. She just tried to do better the next time. In the fax she sent me after the first of what would become 11 interviews, after I came to her with four hours of intrusive questions about some of the hardest moments in her life, she ended her note with: “I had a nice time with you. Hope you got everything that you wanted. I look forward to hearing from you or seeing you again somewhere down the road. Love, Dolly.”
What a teacher. I hope we get the lesson.
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