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.

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.

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

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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%.

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.

“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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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

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

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.

Ethena has proposed directing 95% of net revenue from its branded businesses toward ENA buybacks once USDe supply reaches $7.5 billion, as the protocol also moves to end monthly investor unlocks and separate ecosystem economics from Ethena Labs equity.

According to the Ethena Foundation, the proposed changes are designed to address two long-running issues around ENA: recurring supply from early investor unlocks and uncertainty over how the protocol’s economic value reaches token holders.

I was recently having a conversation with a group of veteran investors about how there must be an underlying social substrate that has led to the boom in everything from Pokemon cards to premium whiskey to real-estate to AI stocks.

In my mind, it’s a collective loss of faith in…

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— Omid Malekan (@malekanoms) August 27, 2026

The overhaul combines changes to the token’s supply schedule with a proposed fee switch that could create recurring market purchases of ENA. It also sets out a planned agreement under which most of the intellectual property and economic benefits tied to the Ethena protocol would sit with the foundation and ecosystem rather than shareholders in Ethena Labs.

ENA reacted sharply to the announcement, rising about 23% over the past 24 hours to around $0.17. The token has roughly doubled in a little more than a week, extending gains recorded during the latest crypto market rally.

ENA buybacks could receive 95% of net revenue

Under the governance proposal, ENA holders are voting on a fee switch that would link token purchases to the size of USDe’s circulating supply.

Once USDe reaches the first threshold of $7.5 billion, 95% of net revenue generated by Ethena-branded businesses would be allocated to programmatic ENA purchases. The remaining 5% would be retained to fund ecosystem growth.

Buybacks would then increase as USDe circulation reaches additional milestones, creating a mechanism through which growth in Ethena’s businesses could translate into demand for ENA.

The proposal addresses a question that has followed governance tokens across decentralized finance: whether revenue generated by a protocol ultimately produces economic benefits for the token itself. In Ethena’s case, the proposed structure would use revenue for open-market ENA demand rather than leaving the connection dependent mainly on governance rights or expectations of future utility.

The idea is not Ethena’s first use of token repurchases. In August 2025, crypto.news reported on ENA buybacks when a $260 million program was allocating about $5 million per day toward token purchases as USDe supply and protocol revenue climbed.

The latest proposal differs by tying purchases to recurring net revenue and predetermined USDe supply thresholds rather than relying only on a fixed pool of capital.

Ethena moves to remove the ENA unlock overhang

Alongside the revenue proposal, the Ethena Foundation said it had purchased the remaining locked tokens belonging to certain large seed investors that had been selling ENA during the previous nine months.

Remaining original investor allocations will also be unlocked on an accelerated schedule, bringing the monthly release of venture investor tokens to an end. Tokens allocated to the Ethena team will continue under their existing vesting schedules.

Ending the monthly investor releases changes when the remaining supply enters circulation rather than removing those tokens entirely. The foundation’s purchase of locked allocations from some seed investors, however, removes those holdings from investors who had previously been selling ENA.

Token unlocks have affected ENA trading before. In June 2025, an unlock of roughly 41 million ENA, worth more than $12 million at the time, produced only a limited market reaction, with the token falling about 1% during the day.

More recently, the supply picture has become important as ENA’s institutional ownership has expanded. Grayscale Investments added ENA to its Decentralized Finance Fund during its first-quarter 2026 rebalance, selling other fund components to finance the purchase.

Another source of U.S. market exposure arrived in June when StablecoinX completed its merger with TLGY Acquisition Corp. and began trading on Nasdaq under the ticker USDE. The company held about 3.029 billion ENA, valued at roughly $275 million using the 30-day average price cited around the transaction, giving public-market investors exposure to a business built around the Ethena ecosystem.

Ethena seeks clearer ownership of protocol economics

A separate part of the overhaul deals with the relationship between Ethena Labs, the foundation and ENA holders.

Under an agreement in principle described by the foundation, substantially all material intellectual property and economic upside associated with the Ethena protocol would belong to the foundation and ecosystem rather than holders of equity in Ethena Labs.

The parties expect to publish the agreement in October.

Formalizing that division could clarify which economic interests belong to shareholders in the development company and which remain with the token-governed ecosystem. The foundation presented the arrangement alongside the buyback proposal and investor unlock changes rather than as a standalone corporate restructuring.

Institutional involvement in ENA has increased during 2026. Coinbase Ventures bought ENA on the open market in June rather than receiving tokens through a discounted private allocation, while Coinbase and Ethena announced plans to develop onchain finance and savings products.

As previously covered in June, Ethena did not disclose the number of ENA tokens Coinbase Ventures purchased, its average acquisition price, or wallet addresses associated with the transaction.

A first product from the relationship arrived later that month when Coinbase introduced a high-yield USDC vault using Morpho infrastructure and allocations curated by Steakhouse Financial. The product included Ethena-related assets in its collateral structure and allowed users to access the vault through Coinbase’s application.

USDe supply remains far below its peak

While ENA has rallied, Ethena is still working to rebuild demand for USDe after a steep contraction from its 2025 highs.

USDe supply has fallen below $5 billion from a peak of nearly $15 billion in October. The decline followed weaker conditions in crypto derivatives markets, where funding rates form an important part of the strategy Ethena uses to generate returns.

USDe differs from reserve-backed stablecoins because Ethena uses collateral alongside derivatives positions to maintain its dollar exposure. Returns available from that structure can therefore change as derivatives funding conditions move.

During the previous expansion, USDe had reached $11.7 billion in supply by August 2025, while Ethena reported more than $500 million in cumulative gross interest revenue. Weekly protocol revenue was $13.4 million at the time, alongside $670 million of USDe mints.

By June 2026, however, the decline in USDe supply was already visible as Ethena pursued institutional distribution and new uses for its capital.

One route has been traditional asset management. Janus Henderson invested in ENA in June and began exploring ways to use USDe for treasury management and to distribute it through investment products. The asset manager oversaw roughly $480 billion at the time of the agreement.

Ethena also planned a $250 million allocation to Securitize’s tokenized AAA-rated collateralized loan obligation fund when the product expanded to Solana in June. The fund invests in U.S. dollar-denominated AAA-rated CLO tranches, with BNY serving as custodian and sub-adviser. The planned allocation provided another route for Ethena capital into traditional credit markets.

Institutional access expanded again later in June when BlackRock integrated USDe into its Aladdin investment and risk-management platform. The Aladdin integration gave institutions using the system access to USDe through existing workflows, while the announcement was accompanied by plans for a $100 million liquidity facility connected to BlackRock’s tokenized BUIDL money-market fund.

New credit facility reduces reliance on crypto funding rates

Ethena added another source of potential yield in August through a $1 billion facility with institutional crypto prime broker FalconX.

Announced on Aug. 19, the warehouse facility allows assets backing USDe to be deployed into overcollateralized institutional loans. The arrangement gives Ethena a source of returns outside the crypto derivatives funding-rate trades that have historically formed a central part of USDe’s yield model.

The announcement also contributed to ENA’s recent price strength. Days after the FalconX deal, ENA had climbed 48% as several altcoins outperformed Bitcoin, although CoinDesk reported that market-wide measures did not yet indicate a general altcoin season.

Meanwhile, Coinbase has already provided a U.S.-facing distribution channel for Ethena-linked products. Its high-yield USDC vault launched in June through Morpho and Steakhouse Financial, with Ethena-related assets included in the collateral framework. The Coinbase vault is accessible from the exchange’s consumer application, while the underlying lending activity runs through onchain infrastructure.

Janus Henderson’s involvement has added another institutional route. Along with investing in ENA, the asset manager has explored USDe distribution through investment products, according to the June announcement.