Crypto World
London Stock Exchange Teams Up With Kraken Parent for Tokenized UK Stocks: FT
The London Stock Exchange Group (LSEG) is reportedly preparing to bring tokenized stock trading to its next-generation venue in partnership with Kraken’s parent company, Payward. The plan, described by Payward’s chief commercial officer Mark Greenberg in a Tuesday report, targets access to tokenized stocks that track major UK equity products starting in 2027.
According to the Financial Times, the tokenized equities would be listed on LSE’s new night-time trading platform, LSE 24—an initiative designed to run 24/5 trading from Mondays through Fridays. LSE 24 was announced by the exchange operator on July 21.
Key takeaways
- LSEG is moving tokenized equity exposure into a regulated trading venue, with Payward linked to the rollout.
- The targeted launch window for tokenized stocks tracking leading UK equities is 2027.
- Trading would take place on LSE’s planned 24/5 system (LSE 24), aimed at extending market hours versus traditional schedules.
- The announcement places London among several major TradFi firms pursuing tokenized stock products, including Nasdaq and ICE.
- Tokenized stock adoption continues to expand, with onchain totals and holder counts rising as measured by RWA.xyz.
How LSE 24 and Payward could change UK market access
LSE 24 is central to the move. Rather than limiting tokenized assets to a separate experimental platform, the approach described by Payward connects tokenized stocks to a trading venue being built by the London exchange itself. The claimed operating schedule—24/5—matters for investors and trading desks that want greater continuity across the week, particularly around regional evening hours and the transition from Asia to Europe.
For issuers and liquidity providers, tokenization can also shift how equity exposure is distributed and held, including the possibility of fractional ownership depending on the product structure. However, what exactly will be offered—such as which specific UK equity products are covered and how settlement and custody will operate in practice—was not detailed in the excerpted reporting.
Still, the direction is clear: tokenized stocks are being treated less like a standalone blockchain concept and more like an extension of mainstream market infrastructure.
LSE joins a broader tokenized equities race in TradFi
LSE’s reported partnership with Kraken’s parent Payward adds another traditional exchange operator to a trend that has accelerated across major markets. The article notes that other established players are also exploring tokenized equity offerings that can be traded around the clock or with extended hours.
In the United States, Nasdaq agreed to acquire LeveL Markets in August, framing the deal as part of a broader push into tokenized markets with round-the-clock trading capabilities. In Europe, ICE—the parent of the New York Stock Exchange—has also been linked to bringing tokenized stocks to its platform as part of a wider tokenized securities initiative.
Meanwhile, Deutsche Börse has reportedly invested in Payward, citing plans to broaden access to blockchain-based securities and tokenized investment products. Those efforts build on a prior relationship involving Kraken and Payward.
Beyond spot equities, the push is visible across derivatives infrastructure as well. The reporting also points to CME Group’s plans for crypto futures tied to networks including Cardano, Chainlink, and Stellar, as well as later additions involving Avalanche and Sui, each subject to regulatory approval. Taken together, these moves suggest that tokenization is not confined to equity settlements; it is increasingly being treated as a multi-asset market modernization theme.
What the onchain data says about tokenized stocks
Adoption indicators for tokenized equities continue to strengthen. According to data from RWA.xyz, the value of tokenized stocks rose by 15% over the prior 30 days to $2.53 billion. Over the same period, the number of tokenized equity holders increased by 153% to 2.45 million.
These figures do not directly confirm that LSE 24’s product will match these totals or replicate the same user base, but they provide context: tokenized equity participation appears to be expanding rather than stalling. That matters for regulators and market operators because sustained growth makes it more likely that tokenized securities move from pilot programs to repeatable offerings—especially when supported by established venues.
Investors should also note the asymmetry between “onchain growth” and “regulated venue readiness.” Tokenized stocks can exist onchain in various forms, while access through major exchanges typically requires product-specific compliance, market structure approvals, and operational integration that can take longer to execute than blockchain experimentation.
What to watch before 2027
The most actionable information missing from the excerpt is how LSE’s tokenized stock program will be structured end-to-end—particularly around custody, settlement mechanics, and the exact set of UK equity products to be tracked. As with any tokenized securities rollout on a major exchange, regulatory clarity and operational details will likely be as important as the headline partnership.
Readers should watch for further LSEG and Payward updates on product scope, the mechanics of LSE 24, and how the exchange plans to integrate tokenized equities into existing market and investor protections. With TradFi players increasingly converging on tokenized markets, those implementation specifics may determine whether tokenized equities become a practical alternative for broad investor access—or remain a niche parallel market.
Ethena has launched Ethena Pay in beta for 400 early users, bringing USDe payments, Avalanche settlement and annual reward rates of up to 6% to a self-custodial mobile app.
Summary
- 400 users will receive initial access, with the rollout expanding weekly during September.
- 49 countries can access the app, while the U.S., EU, U.K., and Canada remain excluded.
- Standard users receive up to 5%, while Pro and VIP rates reach 6% within set balance caps.
- Eligible card purchases earn up to 5% cashback, which is credited in AVAX.
Ethena Pay connects USDe balances with daily payments
Ethena said in a launch announcement that Ethena Pay will begin with an early-access group of 400 users before adding more participants each week. The company plans to increase access throughout September as the app moves beyond its initial beta stage.
Available on iOS, the app combines a self-custodial crypto wallet with bank transfers, fiat on-ramps and a Visa payment card. A user’s dollar balance is held in USDe, Ethena’s synthetic dollar, while Avalanche processes transfers, purchases, and settlement behind the app’s consumer-facing interface.
Users can receive fiat through assigned International Bank Account Number details or transfer crypto directly to their wallets. In either case, the received balance appears as USDe. Withdrawals sent to external bank accounts can be converted into the recipient’s local currency, according to Ethena.
Payments between Ethena Pay users can also be sent through a username or payment tag instead of a blockchain address. Ethena said transfers between app users carry no fee, while bank transfers denominated in U.S. dollars, euros, and British pounds are also free. Other bank transfers may cost between 0.05% and 0.1%.
The beta is available across 49 countries in Latin America, the Caribbean, Asia, the Middle East, Africa, and Oceania. Ethena Pay’s supported-market list includes countries such as Brazil, Mexico, Australia, Japan, Singapore, the United Arab Emirates, Kenya and South Africa, although individual products remain subject to local eligibility rules.
Ethena Pay rates depend on membership tier
Ethena Pay divides its balance rewards across Standard, Pro, and VIP tiers. Standard users can receive a total annual rate of up to 5% on eligible balances capped at $5,000.
Pro users can receive up to 6% on a maximum eligible balance of $15,000, while the VIP tier applies the same 6% rate to as much as $50,000. Amounts above each limit continue to receive the prevailing USDe base rate but do not qualify for the added Daily Boost.
Rather than adding a separate 6% payment to USDe’s existing rate, Ethena Pay uses the Daily Boost to bring eligible balances up to the advertised total. If the USDe base rate increases, the boost becomes smaller; if the base rate falls, the boost grows to maintain the applicable tier rate. No boost applies when the base rate exceeds the tier’s stated rate.
Calculated from a user’s time-weighted average daily balance, the boost is normally paid in USDe within 24 hours after the accrual day ends. Ethena Pay requires users to complete at least one qualifying card transaction during each calendar month to receive it.
Despite the app’s consumer-facing rate display, Ethena Pay’s terms describe the Daily Boost as a discretionary promotional incentive rather than interest, yield or a deposit product. The company also states that the balance and related rewards are not covered by the U.S. Federal Deposit Insurance Corporation or any other government-backed deposit insurance program.
Standard membership is free. Pro access can be obtained by locking $2,000 worth of ENA or referring 10 eligible users, while VIP membership requires $10,000 in locked ENA or 50 referrals, according to launch details reported by The Block.
Ethena’s balance model relies partly on returns generated from the assets supporting USDe. In August, Ethena and FalconX opened a $1 billion facility that uses part of USDe’s backing portfolio to finance secured, overcollateralized loans for institutional borrowers.
According to crypto.news, institutional lending already accounted for $310 million, or 6.9%, of USDe’s backing in early July. The reported portfolio also included roughly $2 billion in decentralized finance lending, about $1.2 billion in liquid stablecoins, and additional exposure to tokenized assets.
Self-custody leaves recovery with the user
Ethena Pay Ltd., a Malta-registered software company, states that it does not operate as a bank, broker-dealer, investment adviser or money services business. Third-party providers supply the financial services accessible through the app.
Under its self-custodial design, private keys, seed phrases and wallet recovery details stay on the user’s device. Ethena Pay says it cannot access customer assets or restore a wallet when the user loses the credentials needed to enter it.
The Visa Spend Card is issued by Third National, a Puerto Rico-chartered bank, under a Visa license. Signify Holdings, which operates as Rain, manages the card program.
Qualifying purchases earn cashback in AVAX rather than dollars or USDe. Standard users receive 4% on the first $2,500 spent each month, while Pro members earn 4.5% on their first $8,000 and VIP users receive 5% on their first $20,000.
Rates decline in bands after users cross those spending limits. For example, the Pro rate falls to 2% between $8,000 and $10,000, then to 1% from $10,000 to $12,000, and 0.5% above $12,000. Each lower rate applies only to spending within that band rather than repricing earlier purchases.
Ethena Pay excludes several categories from cashback, including ATM withdrawals, cash advances, gambling, gift cards, account funding, peer-to-peer transfers, and purchases of cryptocurrencies, stablecoins, non-fungible tokens, or securities. Transactions below $1 also receive no cashback.
Once a card payment settles, normally within one to three business days, the dollar value of the reward is converted into AVAX at the rate available when the credit is issued. Ethena Pay warns that its dollar value can rise or fall after reaching the user’s wallet because AVAX remains exposed to market movements.
U.S. users remain outside the Ethena Pay rollout
For U.S. readers, the main restriction is direct access. Ethena Pay is not yet available in the United States, and its card terms exclude U.S. citizens, residents and other U.S. persons even though the issuer is chartered in Puerto Rico.
The European Union, the United Kingdom, and Canada are also outside the initial release. Ethena has listed those markets for a later rollout, but access will depend on regional requirements and product approvals.
American investors can still obtain indirect public-market exposure to Ethena’s ecosystem through StablecoinX, which trades on Nasdaq under the ticker USDE. The company held approximately 3.03 billion ENA tokens valued at about $275 million when its merger with TLGY Acquisition Corp. closed in June.
Institutional access has developed through a separate channel. In June, BlackRock integrated USDe into Aladdin, its investment and risk-management platform used by institutions overseeing more than $20 trillion in assets. BlackRock’s BUIDL tokenized money-market fund was also selected as the main reserve asset for Ethena’s white-label stablecoin product.
Avalanche handles the app’s settlement activity
Avalanche serves as the exclusive settlement network for Ethena Pay, covering transfers, card-related money movement, and payments, while the blockchain layer remains largely hidden from users.
The network has already supported card and corporate-payment trials involving stablecoins. In July, Hyundai Card completed a $20,000 transfer between Hyundai Motor’s U.S. and Mexican entities using USDT on Avalanche.
Hyundai Card said the intercompany settlement took about seven minutes, compared with the three to four hours usually required for a conventional bank transfer. The company handled the project’s regulatory reviews, legal and tax assessments, internal controls, and remittance design, while blockchain payments provider Axiym also participated.
Tesla Inc. (TSLA) stock closed at $367.95 on Monday, up 5.51%. Volume reached 61.8 million shares, roughly 46% above the three-month average, while the S&P 500 and Nasdaq both finished lower.
The rally landed three days before Tesla’s Cybercab launch event in Austin. Traders now want to know whether the recovery can reach the $400 resistance band that capped the stock through summer.
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Tesla confirmed an invite-only Cybercab event for Sept. 3 and plans to livestream it.
Over the weekend, Elon Musk posted that SpaceX and Tesla are each building 100 gigawatts per year of solar production capacity. He added that SpaceX will cast gas turbine blades in-house, which could bring turbines online up to 18 months earlier.
Nevada regulators also cleared Tesla for 5,000 robotaxis in Clark County on Aug. 20. However, Tesla’s own Cybercab chief engineer told that hearing the company expects roughly 2,500 within a year.
Fundamentals Still Lag the Narrative
Second-quarter revenue hit a record $28.24 billion, up 26%, on 480,126 deliveries. Profitability moved the other way.
Operating margin fell to 1.4% from 4.1%, and free cash flow turned negative at $1.09 billion. Regulatory credits dropped 67% to $146 million in the same earnings report. Meanwhile, the stock trades near 193 times forward profit estimates.
Weekly Chart Shows Recovery Below the Midline
Tesla broke through the $400 zone and the Gaussian channel midline in mid-July, then lost the lower band near $300 in that breakdown.
The stock has since reclaimed $350, a level that has acted as both support and resistance for two years. In contrast, price still sits under the channel midline near $400.
Weekly RSI reads close to 48, back at neutral after the summer washout. A deeper correction would put the $260 band in play.
Tesla Stock: $400 Is the Next Test
The daily chart broke below a falling parallel channel on July 23, and the price reached the $296.16 measured target within days.
Tesla stock has climbed 23.5% from that low. It has recovered $350 and the channel midline, and it is now testing the 50-day moving average.
The first hurdle sits near $380 at the channel’s upper rail. Above that, $400 and the July swing high at $428.01 come into view. Daily RSI at 59 suggests room before overbought.
Analysts remain split, with targets running from $125 to $600. Therefore, Sept. 3 may decide the direction. A credible Cybercab reveal could carry price toward $400, while a rebrand of the existing fleet would leave $350 as the level that matters.
The post Tesla Stock Jumps 5.5% Ahead of Cybercab Launch. Is $400 Next? appeared first on BeInCrypto.
Bitcoin traded at a 1% premium on Upbit, South Korea’s largest crypto exchange, over Binance’s dollar-denominated price today, marking the longest sustained positive spread since early May.
The reappearance of the so-called kimchi premium raises an immediate analytical question: Does this reflect a genuine revival of South Korean retail risk appetite? Or simply a temporary lull in local selling pressure that says little about where Bitcoin goes next?
The kimchi premium, the gap between Bitcoin prices on Korean exchanges and global markets, has functioned for years as a barometer of retail mood across Asia. Upbit, owned by Dunamu Inc, has held that positive spread for about a week now. That is a meaningful shift given where the spread stood as recently as June, and it arrives as macro conditions continue to shape Bitcoin’s price action.
Rachael Lucas, an analyst at BTC Markets, said Korean retail tends to buy aggressively in risk-on phases and capital controls mean that buying shows up as a price gap rather than arbitrage flow. That distinction matters: unlike US markets, where price discrepancies get arbitraged away almost instantly, Korea’s regulatory structure lets demand imbalances persist visibly for days or weeks.
Markus Thielen, head of 10x Research, offered the counterweight. He said Korea is unlikely to be a major driver in the initial stage of a Bitcoin rebound without a corresponding pickup in spot volumes, noting many Korean traders remain focused on AI stocks rather than crypto. The premium turning positive is one data point; it is not confirmation that capital is rotating back into digital assets at scale.
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The Case For and Against Reading Into It
Lucas noted that discount-to-premium crossings have historically preceded stronger Bitcoin returns over the following weeks, and the premium’s reappearance has presaged further gains in the past. That historical pattern gives the signal some weight, but it competes directly with a much larger and better-documented flow: US spot Bitcoin ETF demand.
US-listed spot Bitcoin ETFs pulled in about $1.92 billion in the week of Aug. 17, their strongest weekly inflow in 10 months, followed by another $923 million the next week. A $203 million outflow on Aug. 28 then snapped a nine-day inflow streak, a sign institutional momentum was already cooling by month-end even as the Korean spread turned positive.
That contrast is the core of the analytical tension here. US ETF flows increasingly reflect institutional positioning with real capital behind them, while Korea’s price gap has historically been associated with domestic retail buying that local capital controls and financial regulations make difficult to arbitrage away quickly.
Lucas was direct about the scale mismatch: “Korea’s bitcoin-specific share of global volume remains modest, so this is a small signal, an easing of Korean selling pressure, not a new Fomo wave,” she said. “US institutional and ETF flows still dominate price action.”
Trade Bitcoin on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Where Bitcoin Price Sits Now
Bitcoin entered September near $79,000 after briefly crossing $80,000 in August for the first time since May, capping the strongest monthly advance since November 2024.
The rally was driven in part by renewed crypto optimism alongside the US Treasury’s decision to increase buybacks of longer-dated government bonds, a macro tailwind unrelated to Korean retail behavior.
The turnaround in the Korean spread looks sharper against that summer backdrop. Bitcoin traded at as much as a 3.1% discount to international prices on Upbit in early June, and the average discount for August was still 0.25%.
The move to a roughly 1% premium by Sept. 1 represents a real reversal in sentiment, even if it remains modest in absolute terms and market conditions heading into September stay the more decisive factor for price.
The path forward hinges on confirmation that has not yet arrived. If the premium holds and Korean spot volumes rise in tandem, that would strengthen the case for a genuine retail-driven leg to the rebound rather than a passing shift in sentiment. If it fades without volume support, the more likely read is that this was a brief easing of Korean selling pressure rather than the start of anything larger.
The post Bitcoin Price Gap Widens as Kimchi Premium and ETF Flows Take Center Stage appeared first on Cryptonews.
Judge Colleen McMahon has dismissed Burwick Law’s claims against Solana Labs, Solana Foundation, and its execs as part of the ongoing Pump Fun lawsuit.
Yesterday’s court filing revealed McMahon’s orders that either denied or approved Pump Fun’s various motions to dismiss allegations put forward by Burwick Law.
Racketeering (RICO) allegations that accuse Pump Fun’s parent company, Baton Corporation, and its executives, Noah Bernhard Hugo Tweedale, Alon Cohen, and Dylan Kerler, of wire fraud, illegal gambling, and unlicensed money transmission were upheld.
These two allegations were submitted by plaintiffs Carnahan and Okafor, but RICO claims put forward by the plaintiff Aguilar were dismissed.
Pump Fun memecoins FRED and GRIFFAIN are not securities
The judge also dismissed allegations that Pump Fun defendants broke the Securities Act by offering unregistered securities.
They claim the two memecoins FRED and GRIFFAIN did not entail a “common enterprise” and, as such, do not fulfill the Howey Test.
Crypto law firm founder Ariel Givner has noted, however, that this ruling does not mean all memecoins aren’t securities. She stressed this ruling only applies when a memecoin does not offer a shared goal of profits rising for everybody.
Allegations of unjust enrichment were also dismissed from the suit.
Read more: Iggy Azalea allegedly mis-sold MOTHER, leading to investor losses
Burwick Law hasn’t served 25 unnamed KOLs yet
The judge has also asked Burwick Law to explain why it hasn’t been able to serve 25 key opinion leaders (KOLs) since the lawsuit was filed in January 2025.
It accused the unnamed KOLs of promoting Pum Fun tokens and, in some cases, “concealing both their compensation and their own preexisting positions in the tokens they promoted.”
Burwick Law has until September 10 to explain why these KOL claims “should not be dismissed for failure to identify and serve them.”
The crypto influencer “Scooter” was named as one of these defendants in a previous filing. They shortly threatened to sue Burwick Law for “potential defamation.”
Solana Labs and Jito Labs were added last year
Burwick Law’s lawsuit added Solana Labs and Solana Foundation over a year ago.
It claimed the two worked together to avoid US securities laws and extract capital from the US market.
Read more: Burwick Law chief refuses to comment on Dogshit2 memecoin
It argued that Solana crypto infrastructure provided “no investor protections, disclosure obligations, or legal accountability” for the memecoin craze and its losses.
Jito Labs was also added alongside Solana Labs as a lawsuit defendant. However, Burwick Law voluntarily dropped Jito Labs months later.
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Crypto World
Bitcoin enters ‘Rektember’ as rate-hike risk combines with seasonality to threaten rally
September has historically been a poor month for risk assets in general, and bitcoin, in particular.
A fake Claude desktop application is reportedly being used to distribute RevStealer, a Windows malware strain built to steal crypto, password and browser data.
According to a Monday report by cybersecurity company Morphisec, RevStealer was previously distributed through GitHub repositories and game-cheat-themed sites but the most notable is a fake “Claude Opus 5 Free Desktop” project that impersonates AI developer Anthropic and promises free access to Claude.
The researchers noted that the malware is designed to leave few traces and searches browser databases, cookies, password-manager records, VPN and remote-access settings, messaging data, screenshots and selected documents. RevStealer also targets over 50 cryptocurrency wallets.
The malware checks whether the machine looks like a real user device before unlocking its malicious payload, looking at available memory, the number of processor cores, hostname, username and graphics hardware. It also monitors for the debugging delays typical of malware analysis environment.
If RevStealer detects anything out of the ordinary, it does not move on to the next stages of infection and malicious activity. If the system passes those checks, the payload is decrypted, stored under a random name and covertly executed.
The report follows the discovery by Russian cybersecurity company Kaspersky of a new malware framework targeting cryptocurrency investors called OkoBot, which can harvest crypto wallet files, browser data and user credentials, inject malicious extensions and capture wallet application windows to steal assets.
Related: Microsoft warns users of ‘Crypto Clipper’ malware spread via USB drives
- KuCoin adds UTA support to its institutional lending program.
- New API clients face a lower 30-day volume requirement of 10M USDT.
- Eligible institutions can borrow up to 3M USDT across key products.
KuCoin has upgraded its Institutional Interest-Free Lending Program by integrating support for its Unified Trading Account (UTA), as the crypto platform looks to streamline capital management for institutional clients.
The upgrade reduces the qualifying external 30-day trading-volume requirement for newly registered API clients from 30 million USDT to 10 million USDT.
Eligible clients can also access 0% interest for the first two months without a trading-volume requirement.
Under the upgraded program, eligible institutional clients can borrow up to 3 million USDT.
Borrowed funds can be used across Spot, Margin, and Futures trading, while borrowing is available in USDT, USDC, Bitcoin, and Ethereum.
KuCoin integrates lending with unified accounts
The integration is designed to reduce capital fragmentation between separate trading accounts.
KuCoin said institutions operating across multiple products and strategies can face higher costs and operational friction when capital is divided between accounts.
UTA provides eligible users with a single account structure for managing capital across supported trading products.
With institutional lending integrated into the framework, borrowed funds can be deployed across Spot, Margin and Futures without requiring transfers between separate trading accounts.
The setup is intended to bring financing closer to execution and allow professional trading teams to deploy collateral and capital more efficiently.
KuCoin said the upgraded infrastructure is focused on how institutions access, manage, and deploy digital assets across different trading strategies.
Lending program expands from targeted credit
KuCoin introduced targeted interest-free credit in 2024, initially offering eligible API traders and quantitative teams access to up to 500,000 USDT alongside benefits including fee support, enhanced connectivity, higher API limits and technical assistance.
In 2025, the borrowing limit increased to 3 million USDT.
The program also added support for multiple borrowing assets and allowed clients to combine funds from sub-accounts as margin across eligible products.
The 2026 upgrade represents the latest stage of the program’s development, moving beyond targeted credit support toward a more integrated institutional capital infrastructure, according to the company.
The latest changes also lower the entry requirement for newly registered API clients, potentially expanding access to the lending program.
KuCoin highlights capital efficiency for institutions
Alison Qin, Head of KuCoin Institutional & VIP, said professional market participants require flexible and capital-efficient access to liquidity.
She added that institutional lending infrastructure needs to combine financing at scale with tailored terms and competitive pricing to support sophisticated trading strategies.
Qin said integrating lending with UTA brings capital closer to the accounts and products used for those strategies, while helping clients maintain control over execution and risk.
The company said the upgrade forms part of its broader product development strategy, connecting financing, account infrastructure and execution for institutional users participating in the digital asset market.
Founded in 2017, KuCoin said it serves more than 45 million users across more than 200 countries and regions.
The platform provides access to more than 1,500 digital assets and said it has built a compliance framework that includes AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.
If this playbook sounds familiar, it’s because we’ve seen this movie before. In 1996, Congress created Temporary Assistance for Needy Families, or TANF, a block grant that ended the guarantee of cash assistance for families who need it and handed states broad discretion over the money. One of us, Peter Edelman, resigned from the Clinton Administration in protest.
Thirty years later, we know the results. States diverted the funds, the block grant lost half its value to inflation, and by 2023 just 21 of every 100 families with children in poverty received cash assistance, down from 68 in 1996. TANF now reaches far fewer families and provides far less help.
Instead of going down this path again, the Trump Administration and Congress should advance an anti-poverty agenda centered on two core principles: cash and care.
Crypto World
Firelight raises $8 million, expands beyond XRP as it aims to make DeFi less scary for fintechs
The protocol aims to give fintechs and investors a faster way to recover losses from DeFi hacks, while letting XRP, bitcoin and XLM holders earn yield by backing that protection.
Solana price held above the key $100 level on Sept. 1 after its late-August rally stalled near $110, with weakening trend strength pointing to consolidation before the next major move.
Summary
- Solana price traded near $102.30 after retreating from its Aug. 27 high around $110.
- The daily chart places immediate resistance at $106.25, followed by $112.50.
- 4-hour ADX fell to 17.47, showing that the earlier upward trend has lost strength.
- Liquidation liquidity is concentrated near $100 and between roughly $108 and $110.
Solana price momentum weakens above $100
According to data from crypto.news, Solana (SOL) price was trading near $102.30 at the time of writing, down about 0.7% on the daily chart but still above the psychological $100 level. The token began the seven-day period near $102.17, climbed to $110.04 on Aug. 27, and then gave back most of that advance.
SOL remained up slightly for the week despite the pullback. Its ability to outperform several other large-cap cryptocurrencies followed Charles Schwab’s plan to add SOL trading alongside Avalanche and Chainlink.
The announcement helped SOL gain more than 9% in 24 hours as trading volume increased. However, the broader crypto market was also rising at the time, making it difficult to assign the full rally to the Schwab development.
Solana’s daily chart shows that the advance carried the price through the $100 Murrey Math resistance level before sellers appeared around $110. The subsequent decline has brought SOL back toward the breakout area, turning $100 into the market’s immediate test.
A daily close above that level would preserve the breakout structure. Losing it would suggest that the late-August move failed to establish a durable higher trading range.
Technical indicators point to consolidation
The 4-hour chart shows SOL trading below the Bollinger Bands’ middle line at $103.88. That level now acts as the first short-term barrier for buyers.
The upper Bollinger Band stands at $106.60, close to the daily Murrey Math resistance at $106.25. The overlap makes the $106.25–$106.60 region the most important nearby resistance zone.
A sustained move through that area could allow SOL to challenge $110 again. Beyond the recent high, the daily chart places the next resistance at $112.50, while $118.75 marks a higher reversal zone.
Momentum has weakened as the price contracts. The 4-hour Average Directional Index has dropped to 17.47 after rising above 70 during the breakout. An ADX reading below 20 normally reflects a market without a strong directional trend, increasing the chance of sideways trading.
The Bollinger Bands are also beginning to narrow after expanding sharply during the rally. Price is sitting close to the lower band at $101.16, leaving buyers little room to defend before the market tests $100.
Daily Chaikin Money Flow remains positive at 0.27, however. The reading shows that buying pressure has not disappeared despite the retreat from $110. Positive capital flow supports the case for consolidation above $100 rather than an immediate reversal of the entire August advance.
Liquidation heatmap places SOL between two liquidity zones
The one-week CoinGlass liquidation heatmap identifies a large concentration of leveraged positions near $100. The level has remained the brightest liquidity cluster below the current price, making it a possible short-term target if selling continues.
SOL already approached that zone during its Aug. 31 decline before recovering toward $103. A return to $100 could trigger another round of long liquidations, particularly if the price breaks below the level with rising volume.
Liquidity also appears above the market between approximately $108 and $110. The concentration coincides with the recent high and could attract the price if buyers reclaim the Bollinger midpoint and $106.60 resistance.
Smaller clusters are visible around $104–$106, meaning a recovery may encounter resistance before reaching the larger liquidity pool. The resulting setup leaves SOL between two competing targets: downside liquidity around $100 and short-liquidation exposure near $108–$110.
A confirmed break below $100 would place $93.75 in focus on the daily Murrey Math chart. The next major support stands at $87.50, although the token would first need to lose its current breakout structure for either level to become an immediate target.
Solana analysts track a wider breakout structure
Crypto analyst Batman said in an Aug. 31 post that SOL had broken out of a major accumulation structure. His chart identifies the $83–$85 region as the key long-term retest zone and presents a possible path toward $150 if that support holds.
The $150 projection remains a conditional, longer-term target rather than an immediate price objective. SOL would first need to reclaim the $106.25–$110 resistance region and establish a higher high above $112.50.
Solana’s price also received support from the network’s Double Disinflation proposal. Validators approved the measure with about 67% support, narrowly clearing the required two-thirds threshold. The change doubles the annual disinflation rate from 15% to 30% while retaining the network’s 1.5% long-term inflation target.
US investment products provide another source of demand. Spot Solana exchange-traded funds had recorded $1.22 billion in cumulative net inflows by late August, including their strongest daily intake of 2026.
For the short-term outlook, $100 remains the dividing line. Holding it would leave room for another test of $106.25 and $110, while a daily close below it would weaken the breakout and expose $93.75. Falling ADX readings suggest that SOL may first spend time consolidating between those levels before choosing its next direction.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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