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Schwab Expands Crypto Trading With SOL, AVAX and LINK

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Schwab Expands Crypto Trading With SOL, AVAX and LINK

US financial services giant Charles Schwab plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its crypto trading platform in the coming months, expanding its direct cryptocurrency offering beyond Bitcoin (BTC) and Ether (ETH).

Schwab Crypto began rolling out to retail clients in May, initially offering direct Bitcoin and Ether trading alongside traditional investments through Schwab’s website, mobile app and thinkorswim platform.

The brokerage said it planned to add more cryptocurrencies and digital assets over time, though it did not specify which assets it is considering or provide a timeline beyond the three newly announced tokens.

Schwab charges 75 basis points, or 0.75%, on the dollar value of each crypto trade. The service is available in all US states except New York and Louisiana and is not offered in US territories or internationally.

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The Schwab Crypto accounts are offered through Charles Schwab Premier Bank, with affiliated brokerage Charles Schwab & Co. performing certain operational functions on the bank’s behalf.

Related: Morgan Stanley takes on crypto trading rivals with E*Trade pilot

Schwab expands into prediction markets

Schwab’s crypto expansion comes as the financial services firm moves into other new trading products. In June, The Wall Street Journal reported that Schwab plans to offer prediction contracts tied to the S&P 500 index through a partnership with Cboe Global Markets.

The contracts would allow clients to wager on whether the S&P 500 will close above or below a specified level, with the product reportedly expected to launch within months. Unlike platforms such as Kalshi and Polymarket, Schwab’s planned offering would initially be limited to index outcomes.

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As of July 31, Schwab held $13.04 trillion in client assets across 39.9 million active brokerage accounts, according to the company. Schwab reported record second-quarter net revenue of $7.1 billion and net income of $2.8 billion.

Magazine: SHRINCS BIP published: Quantum-secure Bitcoin comes with a catch

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Bitcoin price eyes $83K after clearing 200-day SMA

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Bitcoin daily chart shows BTC near $79,500 above all major moving averages, while RSI at 81 signals overbought conditions.

Bitcoin price held near $79,500 on Aug. 27 after a rapid breakout from the $63,000 area, with ETF demand and U.S. policy developments supporting the rally even as technical indicators warned that momentum may be stretched.

Summary

  • Bitcoin price traded near $79,500 after gaining roughly 25% from its mid-August consolidation range.
  • Daily RSI reached 81.14, placing BTC firmly in overbought territory.
  • The 4-hour Supertrend remained bullish while MACD showed fading short-term momentum.
  • Liquidation clusters near $81,000 and $77,500 could shape Bitcoin’s next move.

Bitcoin price holds above its breakout zone

According to data from crypto.news, Bitcoin (BTC) price was trading at approximately $79,473 at the time of writing. The price reached an intraday high of $80,520 after opening near $79,024.

BTC has gained roughly 25% since breaking out of a narrow range near $63,000 on Aug. 19. The advance took the asset above $80,000 before sellers blocked attempts to extend the rally through the $81,000–$82,000 region.

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The daily chart shows Bitcoin trading above its four tracked simple moving averages. The 20-day SMA stood at $69,711, while the 200-day SMA was near $69,257. The 50-day and 100-day averages were positioned at $66,457 and $66,224, respectively.

Bitcoin daily chart shows BTC near $79,500 above all major moving averages, while RSI at 81 signals overbought conditions.
Bitcoin price daily chart — Aug. 27 | Source: crypto.news

Trading above all four averages supports the broader recovery, but the moving averages have not yet produced a confirmed bullish golden cross. The 20-day average remains only slightly above the 200-day line, leaving traders to watch whether the separation expands or reverses.

The daily relative strength index reached 81.14, well above the conventional overbought threshold of 70. Such a reading shows strong buying momentum but also raises the possibility of profit-taking after the steep advance.

Treasury buybacks and ETF inflows supported Bitcoin

Bitcoin’s breakout followed an Aug. 19 announcement from the U.S. Treasury that it would at least double the maximum size of long-end liquidity-support buybacks.

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The department said operations involving nominal securities in the 10-to-20-year and 20-to-30-year sectors would increase from a maximum of $2 billion to at least $4 billion per operation. The larger operations will begin on Sept. 9 and continue through Nov. 4. The Treasury described the change as support for liquidity in longer-dated government debt markets.

The announcement improved market expectations around Treasury-market liquidity, although it did not represent an immediate injection of funds because the expanded operations have not yet started. Bitcoin’s reaction also coincided with renewed demand through U.S. investment products and improving expectations for crypto legislation.

U.S.-listed spot Bitcoin exchange-traded funds attracted approximately $1.92 billion in the week through Aug. 21, according to SoSoValue data. BlackRock’s IBIT accounted for about $1.33 billion of those inflows.

The ETF group recorded its strongest week since October 2025, but the funds remained roughly $2.91 billion in net outflows for 2026. The combination suggests institutional demand returned sharply during the breakout without fully reversing the weakness seen earlier in the year.

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Political expectations also contributed to sentiment after President Donald Trump renewed calls for Congress to advance crypto market-structure legislation. The proposed CLARITY Act remains subject to congressional action, meaning its effect on sentiment does not amount to final regulatory certainty.

Bitcoin momentum cools on the 4-hour chart

The 4-hour chart shows that Bitcoin’s trend remains bullish despite weakening momentum.

Bitcoin 4-hour chart shows BTC holding above the $76,687 Supertrend support as bearish MACD momentum begins to ease.
Bitcoin price 4-hour chart — Aug. 27 | Source: crypto.news

BTC was trading above the Supertrend indicator, which had moved up to $76,687. Holding above that level would preserve the sequence of higher lows established after the breakout.

The moving average convergence divergence indicator presented a more cautious picture. The MACD line stood near 810, below the signal line at approximately 1,033, while the histogram remained negative at minus 222.

The bearish MACD crossover suggests the rally has lost some short-term force since Bitcoin tested $81,000. However, the negative histogram bars were beginning to contract on the chart, indicating that downside momentum may also be easing.

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Price action has formed a short consolidation between approximately $78,000 and $80,000. A close above $80,500 would allow buyers to challenge the recent high around $81,200, followed by the May peak near $82,800.

A weekly close above the 365-day moving average near $83,000 would provide a stronger long-term confirmation. Until then, Bitcoin remains below a resistance area that previously rejected price advances.

Liquidity concentrates around $81K and $77.5K

The one-week CoinGlass liquidation heatmap shows leveraged positions building on both sides of Bitcoin’s current price.

Bitcoin one-week liquidation heatmap shows major liquidity clusters near $81,000 above price and around $77,500 and $75,500 below.
Bitcoin liquidation heatmap | Source: CoinGlass

The nearest major concentration above the market sits around $80,000–$81,000. A clean break through that zone could force short sellers to close positions, potentially adding momentum toward liquidity near $81,500 and $84,000.

The strongest nearby downside cluster appears around $77,300–$77,700. Further liquidity is visible close to $75,500, making the two areas possible targets if Bitcoin loses its current range.

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On-chain analyst Einstein BTC identified $75,900 as the newest short-term holder cost basis. According to the analyst, Bitcoin was trading only about 3.4% above that level, making it an important dividing line for the short-term structure.

The chart provides nearer support at $76,687 through the 4-hour Supertrend. A fall below that indicator would increase the probability of a move toward the $75,900 cost basis and the heatmap’s $75,500 liquidity cluster.

Another market commentator, Crypto with Haris, argued that repeated rejection below $82,000 could expose $74,000 and eventually $67,000. The forecast represents a bearish scenario rather than a confirmed outcome, with Bitcoin still holding above its immediate technical supports.

Bitcoin faces an overbought test near $80K

Bitcoin’s next move depends on whether buyers can absorb selling near $80,000 while defending the $77,500–$76,700 support area.

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A daily close above $81,200 would weaken the immediate bearish case and open a path toward $82,800 and the 365-day average near $83,000. Liquidations above the market could accelerate such a move.

Failure to clear resistance, combined with an RSI above 80 and a bearish 4-hour MACD crossover, would leave Bitcoin vulnerable to a cooling period. The first test would sit near $77,500, followed by the Supertrend at $76,687 and the short-term holder cost basis around $75,900.

The larger trend remains constructive while BTC trades above its major daily moving averages. However, the overbought RSI and concentrated leverage on both sides of the market suggest the next breakout could produce another sharp move rather than a gradual change in 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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Bitcoin Miner Stocks Rally as Crypto Demand Returns

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Bitcoin Miner Stocks Rally as Crypto Demand Returns

Bitcoin’s August rally has revived some of the mining sector’s most beaten-down stocks, reversing a trend that has favored miners pivoting toward artificial intelligence and high-performance computing and suggesting investors may once again be rewarding direct exposure to Bitcoin.

In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that Bitcoin’s (BTC) roughly 23% rally over the past week outpaced most AI-linked infrastructure stocks.

Three beaten-down Bitcoin mining companies — Canaan, American Bitcoin and Cango — gained between 41% and 67%. By comparison, CoreWeave rose about 21%, Nebius gained 17% and IREN advanced 15%, while some miners with heavier exposure to AI and HPC were flat or declined.

Blocksbridge pointed to three catalysts behind Bitcoin’s rally. The first was the US Treasury Department’s Aug. 19 announcement that it would at least double the size of its liquidity-support buybacks for longer-dated Treasury securities.

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The second was renewed regulatory optimism following a White House meeting with crypto executives, where US President Donald Trump urged Congress to pass a “fair version” of the CLARITY Act, a stalled crypto market structure bill.

The third was a sharp short squeeze following Bitcoin’s breakout, with more than $1.6 billion in crypto positions liquidated over 24 hours.

Bitcoin mining-focused stocks outperformed companies that pivoted toward AI and HPC. Source: Miner Weekly

Related: Strategy’s $66B Bitcoin machine hinges on capital markets, not BTC price: Report

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BTC price still drives miners despite AI pivot

BlocksBridge’s findings echoed earlier Cointelegraph reporting that Bitcoin’s rally had lifted crypto-related stocks, including Bitcoin miners. The gains underscore how strongly Bitcoin’s price can still influence mining stocks, even as many miners have increasingly shifted their focus toward AI and HPC infrastructure in recent years.

Separate recent BlocksBridge analysis found that publicly traded Bitcoin miners have invested roughly $15 in AI data centers for every $1 in AI-related revenue generated. Nine public miners generated $341.2 million in AI and HPC revenue so far in 2026, compared with $5.11 billion in capital expenditures on the technology.

Related: Bitcoin breaks above 200-day moving average for first time since November

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

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FTmining cloud mining helps investors earn $6,666 a day without any equipment needed

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FTmining cloud mining helps investors earn $6,666 a day without any equipment needed

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

FTmining offers cloud mining services aimed at users seeking crypto mining access without costly hardware, energy bills, or maintenance.

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Ever been fascinated by cryptocurrency mining, only to be deterred by the high cost of hardware, staggering electricity bills, and complex technical maintenance?

Ever dreamt of having a “passive income” stream that keeps money flowing into an account even while sleeping, going on vacation, or focus on a day job?

Now, this is no longer just a dream! With its game-changing model, the FTmining cloud mining platform is taking the cryptocurrency world by storm, enabling ordinary people to easily join the crypto gold rush and achieve astonishing daily earnings of up to $6,666!

What is cloud mining? Say goodbye to all the hassles of mining!

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Simply put, cloud mining is like renting a portion of the computing power from a professional mining facility located elsewhere. Users don’t need to buy expensive mining hardware, put up with fan noise and heat dissipation issues, or worry about skyrocketing electricity bills.

FTmining handles everything:

  • No need to buy mining hardware: Save thousands, or even tens of thousands, of dollars in initial investment.
  • No equipment maintenance: A professional technical team ensures high-efficiency operation 24/7.
  • No electricity bills: All operating costs are included in the hash rate contract.
  • No technical expertise required: Purchase hash rate with a single click and reap the rewards, a truly barrier-free experience.

Why choose FTmining? 

Industry-leading hash rate returns: By partnering directly with top-tier global mining facilities, FTmining ensures users receive the most efficient and stable mining yields. Our intelligent algorithms automatically select the most profitable coins to mine, ensuring users get maximum value from every unit of computing power.

Ultimate Transparency and Security: All mining data and earnings are clearly recorded on the blockchain and publicly verifiable, ensuring complete transparency. Funds and personal information are safeguarded by bank-grade encryption technology.

Flexible Investment Options: Whether someone is a newcomer looking to dip their toes in or a seasoned investor seeking large-scale asset allocation, FTmining offers a range of hashing power contracts, from entry-level to premium, to meet everyone’s specific needs.

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Novice Contract: $15 investment, $0.75 daily return

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Stable Hashrate Contract: $8,000 investment, $144 daily return

Super Hashrate Contract: $140,000 investment, $2,800 daily return

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Click here to view more contract details on the official website.

Stable daily returns with instant withdrawals: Mining earnings are automatically calculated and credited to a user’s platform account every day. Withdrawals are supported for various mainstream cryptocurrencies; the process is quick and simple, ensuring excellent liquidity for funds.

Start the wealth-building journey in just three simple steps

  • Register an account: Visit the official FTmining website and sign up quickly using an email. Receive a $15 bonus.
  • Select and purchase a hashrate contract: Choose the cloud mining package that best fits a particular budget and goals.
  • Enjoy daily returns: Once purchased, users can immediately start viewing and withdrawing their mining profits from their personal account!

Opportunities wait for no one! The cryptocurrency market is on the verge of a new bull run; now is the perfect time to invest in cloud mining and seize the chance to build wealth.

Click to register with FTmining and start the journey toward earning $6,666 in passive income every day!

For more information, visit the official website, and download the mobile app.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Sanmi Koyejo Is One of TIME's 100 Most Influential People in AI

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Sanmi Koyejo Is One of TIME's 100 Most Influential People in AI
—Ananya Navale

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Trump ratchets up rhetoric against Beijing as U.S.-China officials meet for Xi’s Washington visit

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Bessent 'turbocharged' global adoption for China's yuan with new Iran sanctions: Peter Alexander

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.

Aly Song | Reuters

BEIJING — As the U.S. ramped up pressure this week on China with secondary Iran sanctions, the world’s two largest economies have still managed to stay focused on ways to cooperate.

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It’s a sign of the balancing act on both sides, even as White House rhetoric has remained tough.

U.S. President Donald Trump signaled to reporters Thursday local time he could be sanctioning Chinese banks. “I don’t have to announce everything,” he said, according to a Fox News stream of the event.

Those comments followed a meeting between U.S. and Chinese officials in Beijing on Wednesday, according to official announcements.

U.S. Ambassador to China David Perdue said in a social media post that he met with China’s Foreign Minister Wang Yi and three other Chinese officials to discuss President Xi Jinping’s upcoming state visit to Washington.

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China’s readout also noted Perdue’s comment on “preparing well for the next stage of important high-level interactions,” according to a CNBC translation of Chinese.

Trump on Thursday even mentioned Xi was coming in a few weeks.

Bessent 'turbocharged' global adoption for China's yuan with new Iran sanctions: Peter Alexander

U.S. Treasury Secretary Scott Bessent on Monday had warned that if Chinese banks “are part of the ecosystem that turns Iranian oil into money, into repression, they will be targeted.” It was part of Trump’s “economic D-Day” announcements against Iran.

Other than Bessent’s comments, there few details on specific actions, said Jodie Wen, postdoctoral fellow at the Center for International Security and Strategy (CISS), Tsinghua University. It’s more of a warning, she said.

Wen added that the Trump-Xi summit in May marked a shift toward controlled competition, rather than the Biden administration’s “strategic adversary” view on China.

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Moderate response

China’s official response to U.S. secondary Iran sanctions has also been muted so far.

Beijing responded by saying it would “take all necessary measures” to protect itself, but did not elaborate on possible actions. When asked about communication with the U.S. on Iran, a foreign ministry spokesperson said there was no information to share.

However, the spokesperson said the two countries were in talks about a Trump-Xi meeting.

Beijing will “note the lack of groundwork that was laid ahead of Bessent’s ‘D-Day’ announcement. And they will conclude that this is largely performative,” Ryan Hass, director of the China center and Chair in Taiwan studies at Brookings, said in a social media post. Hass advised the Obama administration as director for China, Taiwan and Mongolia for the National Security Council.

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“Sec. Bessent already basically gave away the game when he responded to a question by asking, ‘Why would I want to blow up the global financial system?’ Beijing will interpret this as signaling that the US is not going to go after major Chinese financial institutions,” Hass said.

He expects the U.S.-China trade truce to remain intact because the “alternative is worse for both sides.”

Beijing can also comply with U.S. sanctions and its own interests at the same time.

The Asian country has built a legal mechanism that essentially tells Chinese companies their foreign bankers must comply with U.S. rules, but inside China, Beijing’s law takes precedence, said Han Shen Lin, China managing director for The Asia Group and a former executive at Wells Fargo Bank in China.

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— CNBC’s Anniek Bao contributed to this report.

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ENA price holds 25% weekly gain as momentum cools

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ENA 4-hour chart shows price consolidating near $0.147 as RSI returns to neutral and bearish MACD momentum weakens.

Ethena’s ENA traded near $0.147 on Aug. 27, retaining a weekly gain of about 25% after its sharp breakout met resistance near $0.180.

Summary

  • ENA price remains about 25% above its Aug. 21 opening price of $0.11717.
  • Price has corrected about 18% from the Aug. 23 weekly high of $0.18023.
  • The daily Supertrend remains bullish, with dynamic support near $0.1202.
  • Liquidation clusters around $0.150 and $0.161 could shape ENA’s next move.

ENA price retreats after reaching $0.180

Ethena (ENA) price was trading near $0.147 at the time of writing, up about 25% from its Aug. 21 opening price of $0.11717. The token reached an intraday high of $0.18023 on Aug. 23 before sellers took control.

The move from the weekly opening level to the peak amounted to nearly 54%. ENA has since fallen about 18% from that high, showing that traders took profits after the fast advance.

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The daily chart shows that buyers attempted another recovery on Aug. 27. ENA reached $0.160 during the session but failed to hold the move, returning to the $0.147 area. Its daily range extended from $0.1424 to $0.160, reflecting continued volatility after the initial breakout.

ENA nevertheless remains well above the range that contained its price through most of July and early August. The token traded mainly between $0.075 and $0.095 before breaking higher around Aug. 20.

That advance lifted ENA through the $0.10 and $0.12 levels in quick succession. Price then accelerated toward $0.18 before entering its current pullback.

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FalconX lending facility supports Ethena rally

The main catalyst behind ENA’s weekly advance was Ethena’s reported partnership with FalconX to establish a $1 billion secured warehouse lending facility.

Under the arrangement, reserve assets backing Ethena’s USDe synthetic dollar can be used in overcollateralized loans to institutional borrowers. The facility could broaden how Ethena deploys its reserves and create another source of revenue for the protocol.

Trading activity rose sharply following the announcement. ENA’s daily trading volume reportedly climbed above $1.04 billion, representing an increase of about 319% as traders responded to the institutional lending development.

The rebound occurred even as conditions became less supportive for altcoins. Bitcoin dominance rose to about 59.8%, while the Altcoin Season Index dropped from 51 to 33, pointing to a broader rotation toward Bitcoin and other large-cap assets.

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ENA’s correction from $0.180 also followed an unusually steep advance. Its relative strength index reportedly reached 88 during the initial rally, placing the token deep in overbought territory and raising the probability of profit-taking.

Token concentration adds another risk. The 100 largest ENA wallets reportedly control roughly 90% of the circulating supply, meaning decisions by a relatively small group of holders may have an outsized effect on short-term price action.

ENA technicals show momentum stabilizing

The 4-hour chart suggests that ENA’s pullback is losing some force, although bullish momentum has not fully returned.

ENA 4-hour chart shows price consolidating near $0.147 as RSI returns to neutral and bearish MACD momentum weakens.
Ethena price 4-hour chart — Aug. 27 | Source: crypto.news

The 4-hour relative strength index stood at 51.32, slightly above its signal average of 48.83. A reading near 50 indicates balanced momentum rather than overbought or oversold conditions.

ENA’s moving average convergence divergence remained bearish. The MACD line was at 0.0006, below the signal line at 0.0015, while the histogram registered minus 0.0009.

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However, the red histogram bars have become smaller. The contraction indicates that bearish momentum is weakening, even though the MACD has not yet completed a bullish crossover.

Price has also started to form a possible short-term base between $0.140 and $0.147. Buyers defended the area after the token briefly approached $0.138, but repeated failures around $0.150 show that sellers remain active above the current price.

On the daily chart, ENA remains above its Supertrend support at approximately $0.1202. The indicator shifted bullish during the breakout and will continue to support the broader recovery thesis while price stays above that level.

ENA daily chart shows price holding near $0.147 after reaching $0.180, with bullish Supertrend support at $0.1202.
Ethena price daily chart — Aug. 27 | Source: crypto.news

The Bull Bear Power indicator remained positive at 0.0431. Its bars have declined from their recent peak, however, showing that buyers retain the broader advantage but have lost some of the strength seen during the initial surge.

Liquidation map puts $0.150 in focus

CoinGlass’ three-day liquidation heatmap shows a nearby concentration of leveraged positions around $0.150. ENA was trading just below that level at the end of the chart, making it the first area likely to influence short-term direction.

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ENA three-day liquidation heatmap shows major liquidity clusters near $0.150 and $0.161, with downside liquidity around $0.141.
Ethena liquidation heatmap | Source: CoinGlass

A move above $0.150 could expose smaller liquidity bands between $0.153 and $0.158. The most prominent overhead cluster sits around $0.161 to $0.162, where the heatmap displays one of its brightest bands.

Price may be drawn toward that zone if ENA reclaims $0.150 with sustained buying. Clearing $0.162 would then open the way for a retest of $0.170, followed by the weekly high near $0.180.

The downside contains visible liquidity around $0.143 to $0.141. A loss of that region would weaken the developing 4-hour base and could push ENA toward $0.138.

Below that level, the daily Supertrend near $0.1202 becomes the main structural support. The previously cited 200-day exponential moving average near $0.1268 provides an additional area to monitor during a deeper correction.

ENA must therefore hold the $0.138–$0.140 region and reclaim $0.150 to strengthen its recovery attempt. Failure to defend the range would increase the risk that the breakout continues retracing toward $0.128–$0.120.

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US traders considering ENA also face the usual risks attached to volatile, concentrated governance tokens. The FalconX facility may expand Ethena’s institutional activity, but ENA’s next price move will depend on whether demand can absorb profit-taking and the liquidity positioned above $0.150.

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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Truflation calls for Fed rate cut after PCE forecast

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What is Section 13(3)? Fed emergency lending explained

Truflation has called for the Federal Reserve to cut interest rates after its July forecast came within 0.01 percentage point of the official monthly headline PCE reading and matched the other three published figures.

Summary

  • Headline PCE rose 0.2% monthly and remained at 3.7% annually in July.
  • Truflation forecast the published readings five days before the BEA released its report.
  • Oliver Rust said weaker spending, lower gasoline prices, and mixed labor data support a rate cut.
  • Fed officials remain concerned about inflation as services, wages, and tariffs keep pressure on prices.

The U.S. Bureau of Economic Analysis reported on Aug. 26 that the PCE Price Index rose 0.2% month over month in July, reversing a 0.1% decline recorded in June. Annual headline inflation remained unchanged at 3.7%.

Core PCE, which excludes food and energy, also increased by 0.2% on a monthly basis and held at 3.3% from a year earlier. The Federal Reserve uses PCE as its preferred measure of inflation and has set a long-term inflation target of 2%.

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Five days before the government release, Truflation estimated that headline PCE would increase 0.19% monthly and stay at 3.7% annually. Its forecast placed monthly core PCE at 0.2% and the annual reading at 3.3%.

The 0.19% headline estimate rounds to the 0.2% figure published by the BEA, although the two figures were not identical before rounding. Truflation matched the remaining three figures at the precision used in the official release.

Truflation has called the data a turning point

Speaking directly to crypto.news after the PCE release, Truflation Head of Data Oliver Rust said softer household demand, mixed employment data and falling gasoline prices have created a case for lower borrowing costs.

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“Truflation is of the opinion that we have reached a turning point that needs the Fed to cut rates. We are seeing a softening in demand, i.e., spending.”

Official data offered some support for the demand side of Rust’s argument. The BEA said inflation-adjusted personal consumption expenditures were almost unchanged in July, down from a 0.4% increase in June.

Current-dollar spending rose by $36.3 billion as an $86.2 billion increase in services was partly offset by a $49.9 billion decline in goods. Personal income increased 0.4%, while disposable personal income gained 0.5%.

Households saved $712 billion during the month, leaving the personal savings rate at 3%. Truflation’s report said declining excess savings and increased reliance on credit could reduce consumer demand during the second half of 2026.

Retail sales also fell 0.6% in July, according to the report, ending an eight-month run without a monthly decline. Truflation attributed the drop to fading support from tax refunds, higher energy expenses, and more cautious discretionary purchases.

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Rust said the labor market continues to show a “low-hire, low-fire environment.” Truflation’s report placed unemployment at 4.1% and said labor-force participation had fallen to 61.4% after nearly 1.4 million people left the workforce during 2026.

TruPCE maps live prices to BEA categories

Asked how the company makes its data comparable with the government index, Rust said Truflation assigns its price information to the BEA’s PCE category definitions and then applies the agency’s category weights.

The resulting measure, called TruPCE, is designed to track the government index while offering earlier guidance. Rust said Truflation’s data leads the BEA measure by an average of approximately 30 days.

Truflation says its indexes use more than 15 million product prices from over 30 data partners and sources. The company publishes its readings daily, while the BEA releases PCE figures monthly and can revise previous estimates as more information becomes available.

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July represented only the fourth PCE forecast Truflation has published, according to Rust. He said the company also matched the previous month’s result and missed the April and May readings by 0.1 percentage point each.

The limited sample means the supplied figures do not provide a 12-month average forecasting error or a full comparison with economists’ estimates. Market consensus had placed July annual headline PCE at 3.6%, while forecasts for core inflation matched the eventual 3.3% reading.

In July, crypto.news reported PCE cooling from 4.1% in May to 3.7% in June as Bitcoin approached $65,000. July’s new reading left the annual rate at the same level rather than extending the decline.

Services and food kept inflation elevated

Housing carried the largest weight in Truflation’s July model, while gasoline created the strongest downward pressure, Rust said. Services and groceries produced the largest upward contributions.

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Truflation’s underlying data showed gasoline and other energy goods falling 3.36% from June, although the category remained 23.6% higher than a year earlier. Clothing and footwear declined 0.7% monthly but increased 4.24% annually.

Food services and accommodation prices rose 1.21% during July and 3.61% over the year. The report attributed the monthly increase to summer travel, hotel demand, and restaurants passing higher labor and operating expenses to customers.

Transportation services climbed 1.13% monthly and 12.25% annually, led by airfares and public transportation costs, according to Truflation. Grocery prices increased 1.09% from June, with beef, coffee, and internationally traded food commodities adding pressure.

Wage growth presents another risk to Rust’s rate-cut argument. Truflation estimates that annual pay growth has remained between 4% and 4.5% since the middle of 2025, a rate the company says can sustain inflation in labor-intensive services.

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Tariffs, oil prices, and electricity demand could also prevent a steady decline. The report said repeated tariff changes involving China, Canada, Mexico, and the European Union were becoming more visible in apparel and vehicle prices.

Utility prices rose 0.98% monthly and 7.64% annually in Truflation’s data, reaching their highest rates since mid-2024. The company linked some of the pressure to rising electricity use and infrastructure needs associated with artificial intelligence.

Fed officials have remained cautious about cuts

Rust’s call for lower rates stands apart from the current debate inside the Federal Reserve. Kansas City Fed President Jeffrey Schmid said on Aug. 27 that the existing 3.5%–3.75% policy range did not appear restrictive enough to return inflation to 2%, according to Reuters.

Chicago Fed President Austan Goolsbee also described persistent inflation as concerning, although he said rates could fall over time if the data showed prices moving back toward the central bank’s target.

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Truflation’s Aug. 21 report had taken a less aggressive position than Rust’s post-release comments. The document projected that the Fed would leave rates unchanged in September and avoid another increase during the rest of 2026, rather than forecasting an immediate cut.

Bitcoin showed little initial reaction to the PCE release, trading around $78,353 approximately 36 minutes after the figures arrived, compared with a pre-release range of roughly $78,500 to $79,000. The 10-year Treasury yield moved about one basis point higher to 4.65%.

Earlier in the week, a Bitcoin catalyst report identified July PCE and Federal Reserve Chair Kevin Warsh’s Jackson Hole appearance as the main U.S. macro events facing crypto traders. Warsh is scheduled to deliver his keynote on Aug. 28 as markets seek guidance on the next interest-rate decision.

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Veronyka Gimenes Is One of TIME's 100 Most Influential People in AI

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Veronyka Gimenes Is One of TIME's 100 Most Influential People in AI
—Courtesy of Veronyka Gimenes

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The 100 Most Influential People in AI 2026

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The 100 Most Influential People in AI 2026

Mark Zuckerberg called Yann LeCun one Sunday last November. Word had gotten out that LeCun, who built Meta’s Fundamental AI Research (FAIR) lab, was leaving to start his own venture. Zuckerberg urged him to stay. Good luck raising the money and good luck building a product the market would believe, LeCun recalls him saying. The following month, LeCun unveiled Advanced Machine Intelligence Labs. By March, it had raised $1.03 billion in seed funding—one of the largest rounds in history.

Much of the tech industry has converged on the idea that scaling large language models will eventually produce human-level intelligence. But LeCun, one of the field’s pioneers, believes they are chasing a dead end. Advanced Machine Intelligence is pursuing a fundamentally different approach to training, aiming instead to give AI an intuitive understanding of physical reality. So-called “world models,” he believes, will eventually make AI far more capable in areas like robotics, self-driving cars, and medicine. 

LeCun was never one to follow the crowd. When he championed neural networks in the 1980s, the research community dismissed the idea for decades before it eventually became the foundation of the current AI boom, earning him a Turing Award in 2018. Being a contrarian takes a pinch of “confidence,” he says, and an ability to step back. “You just need to lift your nose from the trench you’re digging, and look around.”

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XRP faces a major imbalance as price stalls despite 72% ETF inflows; how its holders are earning $9,000 a day

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XRP faces a major imbalance as price stalls despite 72% ETF inflows; how its holders are earning $9,000 a day - 3

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

EX DeFi offers XRP holders a cloud mining alternative as ETF inflows sustain institutional interest amid market volatility.

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Cumulative net inflows into XRP ETF have hit a record high of $1.566 billion; however, the price of XRP has not surged in tandem. Instead, it has experienced a pullback, further fueling investor caution.

XRP faces a major imbalance as price stalls despite 72% ETF inflows; how its holders are earning $9,000 a day - 3

Historically, sustained inflows into XRP ETF have tended to bolster market sentiment. Yet, as of August 26, XRP ETF saw a single-day inflow of $23.87 million, a significant increase, while the price of XRP actually fell. This phenomenon highlights a supply-demand imbalance in the spot market and dampens institutional interest in entering the space.

With the XRP price pulling back, more investors are considering a practical question: rather than simply waiting for the price to rise, are there more flexible ways to utilize their holdings and generate additional long-term returns?

Against this backdrop, some investors are turning to the EX DeFi cloud mining platform, exploring income-generating avenues beyond mere asset holding. Cloud mining offers a way to earn returns on digital assets that is distinct from price-based speculation, even amidst short-term price volatility.

What exactly is driving XRP price fluctuations?

Current price movements are influenced not only by ETF capital flows but also significantly by on-chain activity.

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After a prolonged 20-month slump, the XRP market is gradually regaining momentum. Unlike the relatively passive and orderly nature of ETF inflows, XRP recent surge of over 40% shows signs of active engagement by major market participants.

Prior to the recent rapid price rally, wallet addresses holding between 1 million and 10 million XRP showed clear accumulation patterns, collectively purchasing nearly 500 million tokens. Some analysts believe this massive accumulation by “whales” provided crucial support for the rebound, helping XRP break free from a downtrend that had persisted for 608 days.

Consequently, XRP current price trajectory cannot be explained solely by ETF inflows. A combination of factors, including ETF capital, whale activity, on-chain transactions, and overall market sentiment, likely shapes XRP’s future price performance. 

XRP price volatility makes EX DeFi cloud mining platforms an alternative.

As market volatility intensifies, an increasing number of investors are seeking ways to engage with digital assets that go beyond simple price speculation. EX DeFi offers sustainable energy-based cloud mining solutions, providing investors with a compliant and structured pathway to participate in the XRP ecosystem.

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Through cloud mining, users can participate in the operation of blockchain infrastructure and earn returns based on established rules, creating a cash-flow-oriented investment model without the need to configure specialized mining hardware or possess complex technical expertise.

Compared to traditional mining, cloud mining reduces the burden on users regarding hardware procurement, power supply, equipment maintenance, and daily operations. The platform handles hashrate management and related operations, while users participate in mining and track their earnings via an automated system.

About EX DeFi

Founded in 2021 and headquartered in the UK, EX DeFi operates in accordance with relevant European regulatory frameworks, including the Markets in Crypto-Assets Regulation (MiCA) and the Markets in Financial Instruments Directive II (MiFID II). The platform continuously enhances its transparency, operational standards, and user protection mechanisms.

Regarding security and compliance, the platform employs measures such as:

  • Annual financial and security audits conducted by PwC
  • Insurance coverage for custodied digital assets provided by Lloyd’s of London
  • Utilization of enterprise-grade security solutions from Cloudflare and McAfee®
  • Implementation of multi-layer encryption architecture, 24/7 monitoring, and real-time risk management mechanisms

Currently, EX DeFi supports a wide range of mainstream crypto assets, including XRP, BTC, ETH, USDT, BNB, ADA, USDC, DOGE, LTC, and SOL, offering users greater flexibility in how they engage with digital assets.

Start cloud mining in just three steps

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Step 1: Register an Account

Sign up for a free account on the official EX DeFi platform using an email address. New users receive a $17 trial bonus.

Step 2: Select a mining package

Choose a suitable cloud mining contract based on budget, desired participation period, and specific needs, then launch the mining service with a single click.

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Step 3: Start earning returns

Once the contract is activated, the system automatically allocates hashrate, and earnings are credited to the account daily. Users can withdraw or reinvest these earnings at any time.

Cloud mining contract examples

BTC (Beginner Trial Contract): Investment $100, Duration: 2 days, Daily Return: $4, Total Profit: $100 + $8

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DOGE (Golden Shell Mini-Doge Pro): Investment $500, Duration: 6 days, Daily Return: $6.5, Total Profit: $500 + $39

BTC (Canaan-Avalon-A1466): Investment $1,000, Duration: 10 days, Daily Return: $13.4, Total Profit: $1,000 + $134

LTC (Bitmain Antminer L7): Investment $5,000, Duration: 20 days, Daily Return: $73.5, Total Profit: $5,000 + $1,470

BTC (Bitmain S19K-Pro): Investment $10,000, Duration: 30 days, Daily Return: $161, Total Profit: $10,000 + $4,830

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For more contract details, please visit the official EX DeFi website.

Conclusion

Continued capital inflows into XRP ETFs indicate that institutional investors remain highly interested in XRP; however, growth in ETF funds does not guarantee a simultaneous rise in the XRP price. The market is currently influenced by multiple factors, including “whale” activity, on-chain capital flows, and overall sentiment in the cryptocurrency market.

For long-term XRP investors, beyond monitoring price fluctuations and ETF capital flows, EX DeFi offers a professional cloud mining infrastructure that provides regulated, secure, and sustainable access to the XRP ecosystem, laying a solid foundation for long-term wealth accumulation.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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