Crypto World
Top 100 London Stocks Are Coming to Crypto, But There’s a Catch
Payward will launch tokenized London stocks within weeks, covering the city’s 100 largest listed companies. Investors in more than 110 countries qualify, but UK residents do not.
The Kraken parent is working with the London Stock Exchange on the rollout. What goes live is a wrapper rather than a share, and the exchange’s own plans sit years out.
Tokenized London Stocks Arrive Without Shareholder Rights
Each xStock tracks one underlying share. The legal issuer is Backed Assets (JE) Limited, a Jersey company. Payward agreed to buy the business behind it in December.
Holders get price exposure, round-the-clock transfers, and use inside wallets or on-chain apps. However, they do not get a place on the share register.
Voting rights and delivery of the real stock stay with the traditional holder. The fine print of tokenized stocks rarely makes that obvious.
The other catch is scale. Those 100 companies are the FTSE 100, an index that LSEG’s own arm, FTSE Russell, values at $3.47 trillion. That was the end-of-July reading. What goes on-chain is a fraction of a fraction of it.
Every tokenized stock on every chain was worth roughly $2.5 billion on Tuesday, per RWA.xyz data. xStocks holds about $607 million of that, behind rival issuer Ondo Finance.
Payward cites $40 billion in cumulative xStocks volume. That number measures trading churn, not how much stock sits onchain.
The London Stock Exchange Part Is Still Years Away
LSEG announced LSE 24 in July as a 24/5 venue, not a continuous one. Testing starts by late 2026. Exchange-traded products to be listed in the first half of 2027, subject to approval.
Equities come after that. Tokenized London names have no confirmed date on the exchange itself.
“Tokenization has the potential to change how investors access, and how issuers use, financial markets, but it must develop in a way that preserves the trust, rights and role of regulated markets,” read an excerpt in the announcement, citing Julia Hoggett, chief executive of LSE plc, said.
Both firms will also study native LSE-issued tokens carrying full shareholder rights. Payward struck the same kind of deal with Nasdaq in March, and that design also targets 2027.
So the pattern is set. Blue chips go onchain as Jersey paper first, and the real shares wait, sold everywhere except London.
The post Top 100 London Stocks Are Coming to Crypto, But There’s a Catch appeared first on BeInCrypto.
Bitcoin price has fallen below $77,000 as fresh U.S. military strikes on Iranian targets have pushed oil prices higher and triggered heavy selling across crypto and stock markets.
Summary
- Bitcoin price dropped to $76,762 after losing the $78,000 and $77,000 levels.
- Crypto traders suffered about $115 million in long liquidations within one hour.
- Brent settled at $94.65, while U.S. crude closed above $90 per barrel.
- U.S. strikes targeted Iranian positions after reported attacks near the Strait of Hormuz.
Bitcoin price falls below $77,000
The U.S. Central Command said American forces began striking Islamic Revolutionary Guard Corps targets in Iran at 12 p.m. ET on Tuesday, citing recent attempted attacks against commercial vessels in the Strait of Hormuz and U.S. military personnel stationed in the region.
Bitcoin (BTC) fell through $78,000 as reports of the operation emerged before extending its decline below $77,000. The cryptocurrency traded around $76,762 at the time of writing, after falling from an intraday high near $79,166.
Selling also reached Ethereum (ETH), which moved below $2,400 during the market decline. According to CoinGlass data cited in the original report, roughly $115 million in leveraged long positions across the crypto market were liquidated within one hour.
Liquidations occur when an exchange closes a leveraged position after the trader’s collateral can no longer cover mounting losses. A rapid price decline can therefore force the closure of long positions, adding more sell orders to an already weak market.
One day earlier, Bitcoin had held near $78,000 even as earlier exchanges between U.S. and Iranian forces pushed crude prices above $90. The latest round of strikes placed renewed pressure on that price area and erased the asset’s brief attempt to hold above short-term support.
The decline has also followed a strong August for Bitcoin. BTC gained about 23% during the month, according to market data cited in earlier coverage, before renewed geopolitical and interest-rate concerns weighed on the opening trading sessions of September.
US strikes increase pressure near the Strait of Hormuz
According to CENTCOM’s account, the operation followed alleged Iranian attempts to attack commercial shipping in the Strait of Hormuz and American service members deployed to the region.
Iranian state media reported explosions across several locations on the country’s southern coast, including Qeshm Island, Bandar Abbas and Chabahar. Reports cited by Axios also identified Jask, Konarak, Minab and Sirik among the areas struck.
Qeshm Island and Bandar Abbas sit close to the Strait of Hormuz, a key passage connecting Persian Gulf energy exporters with international markets. Before the current conflict, roughly one-fifth of global oil and liquefied natural gas supplies moved through the waterway, according to Reuters data previously cited in market coverage.
The Associated Press reported that Tuesday’s action ended roughly a month without direct military exchanges between the two countries. Earlier U.S. strikes on Sunday targeted rocket launchers on Larak Island, after which Iran launched missiles toward American sites in Jordan. Jordanian forces intercepted the missiles, while the United Arab Emirates said it stopped an Iranian drone over its waters.
Following Tuesday’s strikes, Iranian semi-official news agencies Fars and Tasnim reported that Tehran had started launching missiles and drones in response. An IRGC spokesperson said the United States “will regret its new attacks,” according to Fars.
President Donald Trump described the American operation as “large and powerful” and warned Tehran against further retaliation. According to Trump, another Iranian response would lead to a “much harder and higher level” of U.S. attack.
Iranian President Masoud Pezeshkian had said earlier on Tuesday that Tehran was prepared to return to a ceasefire agreement brokered with Washington in June if the United States followed its terms. Trump later questioned the value of another agreement during comments reported by the Associated Press.
Oil above $90 adds inflation and rate pressure
Crude prices accelerated as military activity returned to areas around the Strait of Hormuz. Reuters reported that Brent crude settled 4.6% higher at $94.65 per barrel, while U.S. West Texas Intermediate rose 5.2% to $90.22.
Oil traders were also monitoring reports that two tankers had been hit while leaving the strait. Iranian officials have warned that Gulf oil exports could face additional disruption if military and economic pressure on Tehran continues.
Earlier exchanges between Washington and Tehran had already exposed the sensitivity of financial markets to oil supply risks. In July, a warning of further U.S. strikes coincided with a $500 billion stock selloff as crude prices rose and Bitcoin came under pressure.
Higher energy prices matter to U.S. crypto investors because a sustained rise in fuel costs can feed into inflation data and influence Federal Reserve policy. U.S. Treasury yields rose during Tuesday’s trading, while the S&P 500 fell to its lowest level since Aug. 4, according to market data cited in the original report.
August inflation data and the Federal Reserve’s September policy decision could therefore affect Bitcoin’s next move. In August, Bitcoin rebounded after CPI data showed annual U.S. inflation at 3.4%, but oil supply disruptions could place fresh pressure on subsequent readings.
Federal Reserve Chair Kevin Warsh has maintained a firm position on inflation and left open the possibility of higher interest rates. Rising Treasury yields can increase the appeal of interest-bearing assets while raising financing costs, conditions that have previously weighed on Bitcoin and other assets that do not produce yield.
US markets fall as leveraged crypto positions unwind
Pressure from the military escalation has not remained confined to digital assets. U.S. equities declined as investors assessed the effect of higher oil prices, while the selloff in government bonds pushed Treasury yields upward.
Bitcoin’s fall below $77,000 placed the asset close to the lower end of the price range it had established after its August rally. The intraday low near $76,483 left the $76,500 area as an immediate level being tested by sellers, based on market pricing during the session.
A sustained break below that region would remove another support area that previously slowed declines. Any recovery would first require Bitcoin to regain $77,000, followed by the former support zone between $78,000 and $79,000.
Liquidation data offer another measure of the pressure facing leveraged traders. CoinGlass attributed the one-hour liquidation total of roughly $115 million mainly to long positions, indicating that traders positioned for higher prices absorbed most of the forced closures during the drop.
Meanwhile, Iran’s response remained active late Tuesday, with Fars and Tasnim reporting new missile and drone launches after the U.S. operation. American officials said the initial strikes were directed at Iranian radar and military capabilities associated with threats to commercial vessels and U.S. personnel.
The London Stock Exchange (LSE) and cryptocurrency exchange Kraken are reportedly launching tokenized stock trading on the stock market operator’s new night-time trading venue.
The LSE has partnered with Kraken’s parent company, Payward, to launch access to tokenized stocks tracking the value of leading UK equity products starting in 2027, Payward’s chief commercial officer, Mark Greenberg, told the Financial Times according to a Tuesday report.
The tokenized stocks will be listed on LSE’s new night-time trading venue, LSE 24, that will offer 24/5 trading, operating from Mondays to Fridays, the company announced on July 21.
The initiative makes the London bourse the latest traditional exchange operator to explore blockchain-based stock offerings that can be traded 24 hours a day with fractional ownership. Other traditional finance (TradFi) institutions exploring tokenized equity products include the Nasdaq, CME Group and the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
In August, Nasdaq agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its push into tokenized markets with round-the-clock trading.
Related: Trump Jr.-linked 1789 Capital leads Polymarket’s $1B raise: Report
TradFi companies deepen tokenization push
Some of the world’s largest TradFi institutions have been exploring tokenized stock offerings.
In March, Nasdaq, the world’s second-largest stock exchange by market capitalization, partnered with Payward and its Backed subsidiary, the issuer behind xStocks, to develop an equities transformation gateway. The plan builds on Nasdaq’s tokenization proposal filed with US securities regulators in September 2025.
A week earlier, ICE invested in crypto exchange OKX to bring NYSE-listed tokenized stocks to the exchange starting from the second quarter of 2026.
In April, Deutsche Börse invested $200 million in Payward, as part of the German exchange operator’s plans to offer access to a wider array of blockchain-based securities and tokenized investment products and build on its prior partnership with Kraken.
In January, CME Group, the largest derivatives exchange by volume, announced plans to launch crypto futures contracts tied to Cardano (ADA), Chainlink LINK and Stellar (XLM). Three months later, CME announced plans to add Avalanche AVAX and Sui SUI futures contracts starting May 4, subject to regulatory approval.
Tokenized stocks, total value onchain, all-time chart. Source: RWA.xyz
The value of tokenized stocks increased by 15% in the past 30 days to $2.53 billion, while the number of tokenized equity holders grew by 153% to 2.45 million, according to data provider RWA.xyz.
Magazine: What NYSE’s exploration of onchain systems means for financial markets
An affiliate of Fairshake, one of the best-known political networks tied to the U.S. crypto industry, is spending on media ahead of Tuesday’s Massachusetts primary as part of a broader push into the 2026 election cycle. According to Federal Election Commission (FEC) filings, Protect Progress PAC—linked to Fairshake—has targeted messaging to support Representative Jake Auchincloss in his bid for reelection.
The spending and accompanying accusations are also renewing scrutiny of how crypto-aligned political groups are engaging with candidates in races that are not directly about crypto policy—while highlighting the political pressure points around legislation affecting digital assets.
Key takeaways
- FEC records show Protect Progress PAC spent just over $189,000 on media supporting Jake Auchincloss in Massachusetts’ 4th congressional district primary.
- Democratic candidate Jason Poulos alleges some of the mailers were “AI-generated slop mailers,” raising questions about messaging tactics in the race.
- Poulos asked Auchincloss to renounce the PAC’s efforts in an Aug. 16 letter, intensifying public conflict around outside influence.
- Auchincloss’ crypto-policy profile is part of the dispute, with Poulos citing Auchincloss’ voting record on a 2025 digital-asset market structure bill.
- Fairshake and affiliates remain active in 2026, with the PAC reporting substantial cash reserves ahead of fall elections.
FEC filings detail Protect Progress PAC media spending in Massachusetts
Federal Election Commission documents filed as of Tuesday indicate that Protect Progress PAC, a Fairshake affiliate, spent just over $189,000 on media in connection with Representative Jake Auchincloss’ reelection campaign in Massachusetts’ 4th congressional district.
The primary is scheduled for Tuesday, and the media buy is notable because it reflects how crypto-linked political entities continue to participate in contests where candidates may be evaluated through broader political narratives rather than directly on digital-asset policy.
Poulos accuses outside groups of AI-generated messaging
Jason Poulos, a Democratic candidate challenging Auchincloss, argues that at least part of the PAC-supported messaging was not produced in a traditional format. In a public letter dated Aug. 16, Poulos called on Auchincloss to “publicly renounce” Protect Progress’ efforts to influence both the primary and the general election.
Poulos specifically claimed some of the mailers were “AI-generated slop mailers” supporting Auchincloss ahead of the Massachusetts primary. While the FEC spending records establish the existence of the media expenditure, Poulos’ characterization focuses on the alleged nature of the materials—an accusation that highlights the rising political controversy around technology-assisted campaign content.
Crypto-policy voting record becomes part of the political argument
In his Aug. 16 letter, Poulos also raised a link between the political support and Auchincloss’ relationship to crypto industry priorities. The candidate alleged Auchincloss had received $77,500 directly from “crypto-industry sources” since 2020.
Poulos further pointed to Auchincloss’ voting behavior on the Digital Asset Market Clarity Act in July 2025, describing it as a market-structure bill. As framed by Poulos, that measure was not signed into law at the time and was still awaiting Senate consideration.
For investors and builders following the policy landscape, the practical significance is that crypto-aligned political groups appear to be tying campaign support—directly or indirectly—to candidates’ positions on digital-asset regulation and market structure. Whether those policy positions translate into legislative outcomes remains a key question, but political reinforcement can influence candidate incentives ahead of legislative votes.
Fairshake affiliates push into 2026 elections with sizable resources
The Protect Progress spending is part of a larger pattern of engagement by Fairshake and related groups in the 2026 midterm cycle. Earlier this year and in recent reporting, Fairshake affiliates have deployed resources across multiple congressional races.
In August, Cointelegraph reported that the PAC and its affiliates spent about $3.6 million on House and Senate races in Alaska, Florida, and Wyoming during August. At the same time, Fairshake reported having $122 million in cash on hand ahead of the 2026 midterms.
Fairshake spokesperson Geoff Vetter stated in August that the organization was “not slowing down heading into November,” adding that there were “dozens of wins” across House and Senate races and that it had $122 million ready for the fall.
Massachusetts, with its primary on Tuesday, is among the later states to hold primaries, leaving limited time for further campaign developments ahead of the general election. Other states scheduled to hold primaries in September include New Hampshire, Rhode Island, and Delaware.
For readers trying to assess how crypto politics are evolving, the Massachusetts spending shows that the cycle is not limited to a small number of early contests. Instead, crypto-linked political capital appears to be extending across the calendar, with media buys and message discipline playing a prominent role.
What to watch next in the Massachusetts primary
With FEC data confirming Protect Progress PAC’s media spending and Poulos pressing Auchincloss to reject outside influence publicly, the key uncertainty now is how Auchincloss and party leaders respond to the allegations and whether the primary’s outcome changes the tone of future attacks about crypto-linked political spending. The next data point to track will be additional reporting and filings clarifying the content and spending breakdowns associated with the media campaign tied to the Fairshake affiliate.
Broadcom stock reports third-quarter results after Wednesday’s close and has climbed 4% from last week’s low to $370.34.
Wall Street rates it a Strong Buy, with 25 buy ratings, three holds, and no sells, despite a major money flow warning.
Broadcom shares still sit 23% below the record they set on June 2, up 7% this year, compared with 63% for the PHLX Semiconductor Index.
What Wall Street Expects From the Stock
This is the season’s last big AI print, after 36 analysts backed Nvidia into its own results.
Analysts expect $29.241 billion of revenue and $3.215 in adjusted earnings.
One number undercuts the rest. In June, Broadcom told investors in its own second-quarter filing that it would make about $29.4 billion this quarter. Analysts are forecasting slightly less than the company promised.
That is the weak signal. Broadcom has beaten its own numbers eight quarters in a row, so analysts would normally forecast above the guide. This time they sit below it.
The growth explains why. Almost all of it now comes from AI chips, which earn Broadcom far less than its software business does.
AI will account for $16 billion of this quarter’s sales, 54% of the total, up from 49% last quarter, including OpenAI’s first custom processor.
Broadcom told investors it will still earn 67 cents of profit on every dollar of sales, the same as last quarter, while revenue jumps 84%. The company is getting much bigger without getting any more profitable.
Even beating has not helped before. TipRanks data shows AVGO stock topping estimates every quarter since 2024 yet falling the next day four times, with an average move of 10.53% and a spread from a 13.01% fall to a 22.71% gain.
The reason sits in the ownership data.
Why Money Is Leaving AVGO Stock
TipRanks scores blogger sentiment at 83% bullish and news sentiment at 0.89 out of one. Yet its best-performing investors cut Broadcom exposure 2.37% over 30 days and 3.06% in the last seven. The selling is speeding up.
This is not only a Broadcom story. Chaikin Money Flow, a proxy for whether institutional money is entering or leaving a stock, is negative on 10 of 14 major chip names.
The four still positive sit outside AI compute. The five worst all build AI accelerators, the same rotation that pulled smart money out of Nvidia, in a year when Wall Street kept choosing between chip names.
AVGO stock sits last among those 14, at -0.225.
Broadcom Stock Price Levels to Watch
Broadcom shares have fallen inside a descending channel since June 3. Buying volume only improved on August 27.
Confirmation needs a daily close above $376.28, then $398.34 to come close to leaving the channel. One widely followed chart account says Broadcom needs a bigger bounce to match Nvidia and TSMC.
Failure is faster. Losing $356.62 opens $344.46, and a break of $334.62 exposes $324.79.
Analyst’s View: Broadcom stock is showing mixed trends heading into Wednesday’s earnings. Almost every analysts call this a bullish stock, but the biggest shareholders are slowly selling. The chart has not picked a side either. That is why the reaction to the earnings could matter more than the numbers.
The post 28 Analysts Share Their Broadcom Stock Forecast Before Q3 Earnings appeared first on BeInCrypto.
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Crypto World
Aster and World Liberty Financial Launch USD1 RWA Boost: Phase 1, Offering 125M $WLFI + 6.25M USD1 in Rewards
[PRESS RELEASE – George Town, British Virgin Islands, September 1st, 2026]
Aster, the privacy-first onchain trading platform backed by YZi Labs, today announced the kickoff of USD1 RWA Boost: Phase 1 with World Liberty Financial (WLFI), featuring 125,000,000 $WLFI and 6,250,000 USD1 in rewards.
The campaign builds on AOS-2, Aster’s earlier expansion of its Aster Open Standards (AOS) framework from spot markets to perpetuals.
Leonard, CEO at Aster, said: “AOS-2 is turning Aster from a decentralized perp exchange into an open infrastructure layer where anyone can launch and operate their own perpetual markets on top of Aster Chain. The first USD1 RWA perpetuals show that model is already working.”
AOS-2: A Published Standard for Perpetual Listings
AOS-2 is Aster’s standardized, onchain framework for initiating perpetual market listings, enabling projects to propose new markets through a transparent and automated process.
Applicants stake 1 million $ASTER, locked for four years with no early exit, before the proposal goes to an onchain validator vote. If approved, Aster’s risk team configures the market and the perpetual can go live as early as T+1; if rejected, the stake is returned in full.
Listing access runs on published onchain rules, while leverage and other trading parameters stay under Aster’s risk controls, letting Aster bring new markets to traders faster without giving up risk management.
USD1 RWA Boost Phase 1: 125M $WLFI + 6.25M USD1 in Rewards
The campaign runs from August 31 through December 31, 2026, covering SPCX/USD1, CL/USD1, XAU/USD1, SNDK/USD1, SKHYNIX/USD1, and MU/USD1.
Users earn Trading Points through taker volume on eligible USD1 pairs, which determine their share of the USD1 reward pool, while Open Interest (OI) Points are earned by holding eligible positions and determine their share of the $WLFI reward pool. Traders using Single Asset Mode with USD1 as collateral receive a 2x boost on OI Points. Rewards are calculated across weekly epochs and distributed the following week.
“When real-world assets trade onchain, the settlement asset matters as much as the market itself. Perpetuals on gold, energy, and equities, all denominated in USD1, give traders one dollar instrument across every one of these markets, and that is what stablecoins were built to do. We are supporting these markets because this is where onchain market structure is heading, and Phase 1 is only the start,” said Zach Witkoff, Co-Founder and CEO at World Liberty Financial.
Building the Frontier of Onchain Trading
AOS-2 gives Aster a repeatable, onchain path for bringing new markets to the platform, and the first USD1 RWA perpetual listings show that path is already at work. Paired with the ecosystem support from Aster and WLFI, the launch turns a new listing framework into real trading activity from day one.
As more real-world and crypto-native assets move onchain, Aster aims to become a leading venue for bringing new asset markets onchain. The map gets bigger from here.
About Aster
Aster is a privacy-first onchain trading platform backed by YZi Labs, with unique features like Hidden Orders to protect user trading activity. It pioneers the frontier of on-chain trading through perpetual futures, spots, and earn products for top-trending assets, including RWAs, memes, and core crypto markets. It is powered by Aster Chain, a Layer 1 blockchain built to power the future of decentralized finance.
Users can learn more about Aster on the official website or follow Aster on X.
*Disclaimer: Eligible pairs, reward parameters, and campaign rules are subject to change during the campaign. Please refer to the official campaign page for the latest eligible pair list and campaign details. Trading cryptocurrencies and leveraged products involves significant risk and may result in the loss of capital. This announcement is for informational purposes only and does not constitute investment or financial advice.
The post Aster and World Liberty Financial Launch USD1 RWA Boost: Phase 1, Offering 125M $WLFI + 6.25M USD1 in Rewards appeared first on CryptoPotato.
Anthropic released Claude Fable 5.1 on Tuesday, and the model ships with a lock on its own reasoning. New developer accounts can no longer rewrite a conversation’s history while keeping Claude’s stored thinking in place.
The company calls Fable 5.1 and its restricted sibling Mythos 5.1 the world’s most advanced models for coding and knowledge work. Both went live across Anthropic’s platform, Amazon Bedrock, Google Cloud and Microsoft Foundry.
Follow us on X to get the latest news as it happens
What Claude Fable 5.1 Costs and Scores
Headline pricing has not moved. Fable 5.1 still costs $10 per million input tokens and $50 per million output.
The savings sit elsewhere. Cache reads fall 75% to $0.25 per million. Anthropic puts typical workloads 25% cheaper, and complex agent tasks up to 45% cheaper.
Anthropic’s own scorecard shows the sharpest gain in agentic science work. Fable 5.1 hit 52.6% on Terminal-Bench-Science 0.1, more than double Fable 5’s 24.7%.
The coding lead is narrower. Fable 5.1 took 55.8% on Terminal-Bench 4.0, ahead of Opus 5 at 52.3% and OpenAI’s GPT-5.6 Sol at 37.3%.
Business workflow scores nearly doubled to 31.4% on AutomationBench. Knowledge now runs to June 2026, five months later than Fable 5.
“It’s priced the same as Fable 5, with 75% cheaper API cache reads. It gets a lot further into a long task before it needs your input, is better at telling you when it’s stuck, and its writing style is more natural,” ClaudeDevs noted.
ClaudeDevs is the official updates for developers building with Claude AI.
Why the Copying Protection Matters
According to Anthropic, the quieter change targets rivals.
“It is no longer possible for new API accounts to manually edit Claude’s prior context in a multi-turn conversation while preserving the transcript of Claude’s prior thinking,” the launch post read.
That edit trick is a known route into distillation, or training a cheap model on an expensive one’s answers.
Anthropic put hard numbers on the threat in February. It traced over 16 million Claude exchanges to distillation campaigns run through roughly 24,000 fake accounts.
The company named three Chinese labs, DeepSeek, Moonshot AI and MiniMax. Moonshot alone accounted for 3.4 million exchanges.
White House science adviser Michael Kratsios went further in July. He accused Moonshot of copying Anthropic’s flagship model to build its Kimi K3 system.
Moonshot has not answered publicly.
The restriction applies only to accounts opened on or after August 31. Older accounts stay exempt, and Claude Code, Cowork and Claude.ai users notice nothing.
Anthropic says every account will face the check on future models. Fable 5 stays available until at least June 2027, so nobody has to move today. Fable 5.1 retires no sooner than September 1, 2027.
The post Anthropic Launches Claude Fable 5.1: Can It Stop AI Copycats? appeared first on BeInCrypto.
An affiliate of the political action committee (PAC) Fairshake, which was responsible for pouring more than $130 million in ads and media in the 2024 election cycle, is supporting at least one candidate in Tuesday’s primary in Massachusetts.
According to Federal Election Commission (FEC) records as of Tuesday, the Protect Progress PAC, a Fairshake affiliate, spent just over $189,000 on media to support Representative Jake Auchincloss running for reelection in Massachusetts’ 4th congressional district. Some of the funds, according to Democratic candidate Jason Poulos, were used to create “AI-generated slop mailers” supporting Auchincloss ahead of the Massachusetts primary, scheduled for Tuesday.
In an Aug. 16 letter, Poulos called on the Democratic lawmaker to “publicly renounce” Protect Progress’ efforts to potentially influence the primary and general election. The candidate claimed Auchincloss had accepted $77,500 directly from “crypto-industry sources” since 2020, pointing to the Massachusetts lawmaker’s record in voting for the Digital Asset Market Clarity Act in July 2025 — a market structure bill not signed into law as it awaits consideration in the Senate.
Protect Progress PAC mailer supporting Jake Auchincloss. Source: Jason Poulos
The $189,000 in spending marked Fairshake’s latest attempt to influence the 2026 elections through media and ads unrelated to candidates’ positions on crypto and blockchain. After the PAC and its affiliates spent about $3.6 million on House and Senate races in Alaska, Florida and Wyoming in August, Fairshake reported having $122 million cash on hand ahead of the 2026 midterms.
“With dozens of wins in House and Senate races across the country, and $122 million ready for the fall, we’re not slowing down heading into November,“ Fairshake spokesperson Geoff Vetter said in August.
Massachusetts will be one of the last US states to hold primaries, with just over two months until the general election. New Hampshire, Rhode Island and Delaware are all scheduled to hold primaries in September.
Related: Kalshi issues first lifetime ban for Republican politician over insider bets
A by-election will now take place to replace Starmer as MP, with details to be finalized on the contenders and exact date.
Shortly after the news broke, Starmer shared a statement via social media, further explaining the reasons behind his departure.
You can read his words in full, below:
“Over the summer, I have had time to reflect and consider my future. I have decided that now is the right time to step down as MP for Holborn and St Pancras and hand the baton over to a successor.
It’s been an honor and privilege to represent the best constituency in the country since taking over from the great Frank Dobson 11 years ago. But it is now time to step aside and focus on other issues: international affairs including defense, security, trade and technology in a fast changing world. I will also continue working with others as I have done over many decades to tackle violence against women and girls.
Solana was trading near $102 on Tuesday, down more than 7% from its recent seven-month high of nearly $110. The recent price weakness has not stopped signs of stronger demand from building across the network.
According to Ali Martinez, Solana recorded an average of 9.5 million new addresses per day over the past week, a level of growth the analyst considers an important adoption signal and one that has historically preceded major rallies.
Bullish Factors
Larger investors are also becoming more active. Wallets holding at least 10,000 SOL rose 1.58% after adding 52 new whale wallets to the network. At the same time, US spot Solana ETFs extended their streak of weekly net inflows to nine weeks. These funds attracted almost $154 million in capital last week. Interestingly, Bitwise’s Solana Staking ETF, BSOL, recently surpassed $1 billion in assets under management within 10 months.
Meanwhile, exchange balances are moving in the opposite direction, as seen with SOL held on exchanges dropping 4.91% after the withdrawal of roughly 2.6 million tokens over the past week. Martinez stated that $103 is an important support level, since it’s backed by 39 million SOL acquired there. The next hurdles are $123 and $132, each tied to about 20 million SOL in previous purchases.
Holding support and breaking those two levels could set up a move toward $150.
A similar sentiment was echoed by crypto investor Batman, who said that Solana may be entering a stronger bullish phase after breaking out of a major accumulation structure. But he expects SOL to retest the $83-$85 zone and believes a successful hold there could eventually push the asset toward $150 or higher.
Another market watcher, Gerla, believes the asset could be preparing for a much larger move after breaking its downtrend. He flagged the formation of higher lows, which suggests that the market may be entering a reaccumulation phase. If the structure remains intact, Gerla said that Solana could target $300 or higher as the next major expansion zone.
Other Key Developments
Solana saw several major developments this week. This includes the conclusion of its first binding on-chain governance vote, which was followed by a 25% increase in network speed, taking slot times from 400ms to 300ms. Separately, Charles Schwab announced plans to add SOL to Schwab Crypto Direct.
Additionally, Solana’s RWA holder base also crossed 350,000, while xStocksFi topped $500 million in AUM across more than 700 tokenized assets. Tokenized commodities on the network also reached a record $50 million in supply, and Solana became the leading network by total x402 transaction volume.
The post Solana’s 7% Pullback Isn’t Slowing Demand: Here’s the $150 Setup appeared first on CryptoPotato.
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