Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Apple CEO Tim Cook has ended his 15-year tenure and handed leadership to John Ternus, the former senior vice-president of hardware engineering. Cook will become executive chairman and is expected to remain involved in global policy, including US-China relations. Under Cook, Apple’s annual revenue rose from about $108 billion to nearly $416 billion. Its market value grew from roughly $350 billion to more than $4 trillion, while the share price increased by nearly 2,000%. Apple expanded its ecosystem with the Apple Watch, AirPods, Apple Pay, Apple Music, iCloud and Apple TV+. Its installed base now exceeds 2.5 billion active devices. Apple recently reported fiscal third-quarter revenue of $109.4 billion, up 16% year on year, with diluted earnings per share rising 29% to $2.02. iPhone, Mac and Services each reached June-quarter revenue records. However, the new Apple CEO faces pressure to sustain growth in the technology sector. Ternus will be tested by the autumn product event, potential foldable iPhone plans, a new AI-powered Siri and Apple’s wider artificial intelligence strategy. Apple has reportedly used Google’s Gemini technology after delays in developing its own AI systems. Ternus may also need to rebuild the senior leadership team as long-serving executives approach retirement and companies such as OpenAI compete for talent. For crypto traders, the Apple CEO transition is mainly an equity-market event rather than a direct cryptocurrency catalyst. Apple’s execution, valuation and AI spending could influence technology stocks, risk appetite and broader market sentiment. The key indicators will be product demand, AI progress and whether the new Apple CEO can justify a valuation of about 33 times forward earnings.

Tokenized stocks reached a record $29.5 billion in trading volume in the 30 days to 29 August, up 415% from the previous month, according to RWA.xyz. Active on-chain addresses exceeded 1.3 million, while tokenized stock holders rose 167% to 2.36 million. The value of tokenized stocks distributed on-chain increased 1.45% over the month to $2.54 billion, compared with $344 million a year earlier, an annual rise of about 637%. The gap between trading volume and outstanding value suggests sharply higher turnover and participation, rather than an equivalent increase in new issuance. Market activity remains concentrated. Ondo, Kraken’s xStocks and Binance’s bStocks accounted for 81% of the tokenized stocks market. Ondo led with $842.8 million, followed by xStocks at $609.3 million and bStocks at $599.9 million. Securitize Corp.’s tokenized stock was the largest individual asset at about $163 million, ahead of Strategy PP Variable xStock at $136 million and Ondo’s Circle Internet Group token at $109 million. Competition is shifting from listing more stocks to improving DeFi utility, including lending collateral, automated portfolios and 24/7 trading. Coinbase, Bitwise, Bybit and Robinhood-linked platforms are also expanding their tokenized stocks products. The growth supports broader real-world asset adoption, but traders should watch concentration, liquidity, regulation and whether on-chain distributed value begins accelerating alongside trading volume.

Andreessen Horowitz (a16z) has expanded its fifth Growth Fund from $6.75 billion to $8.5 billion, adding $1.75 billion since its January launch. The fund has operated for seven years and invested in more than 100 companies across enterprise and consumer AI, defence technology, robotics, infrastructure hardware and software, and health technology. The move follows a16z’s recent launch of the $1.1 billion Machine Age Fund. That vehicle will target AI hardware and infrastructure, including semiconductors, memory, networking, storage, data-centre systems, power equipment and robotics. Separately, a16z announced a $15 billion fundraising round in January, taking its assets under management to about $90 billion. Its Growth platform has raised more than $24 billion across five funds. The fundraising signals continued institutional confidence in AI infrastructure and the wider technology sector. For crypto traders, the impact is indirect. It could support long-term investment in blockchain infrastructure, decentralised computing, storage and AI-related crypto projects. However, no cryptocurrency, token or blockchain partnership was announced, so the immediate effect on digital-asset prices and market stability is likely to be limited.

Marvell Technology (MRVL) shares fell 10% after its latest earnings report, as investors remained unconvinced that the company’s Alphabet-Google partnership will deliver enough revenue to justify its valuation. Second-quarter sales rose 37% year on year to $2.74 billion, while third-quarter guidance of $3.15 billion implies roughly 50% annual growth. The Google agreement could eventually support up to $20 billion in annual product sales. However, management’s guidance appears to point to about $6 billion in incremental revenue, increasing concerns over execution and elevated expectations. Marvell’s forward earnings multiple has fallen from about 70 times to roughly 40 times, while its valuation near recent highs reached around 20 times sales. Strong data-centre demand, custom AI chips and XPU opportunities continue to support Marvell Technology and the wider AI semiconductor sector. The strategy could help the company compete with Broadcom in custom AI accelerators and reduce its reliance on Amazon-related business. However, the latest earnings reaction shows that high expectations are amplifying technology-stock volatility. Traders may view the pullback as a potential contrarian entry, but a sustained recovery will likely require faster revenue growth, stronger guidance, improved margins and clearer evidence that the Google deal is translating into sales. The near-term stance remains cautious.

On-chain data first showed a whale buying 243,713 HYPE tokens over 10 hours for about $20.24 million. Later data indicated the wallet had accumulated 488,600 HYPE through FalconX roughly five months earlier, at a total cost of $17.18 million. The position is now worth around $41.09 million, representing an unrealised profit of $23.91 million, or 139%. The HYPE whale has staked the entire holding on Hyperliquid. HYPE staking reduces the tokens immediately available for trading and may signal long-term confidence in the Hyperliquid ecosystem. However, the concentrated position could create selling pressure if the whale unstakes and sells. Traders should track HYPE price action, trading volume, liquidity, staking flows and other whale wallets. The activity is not, by itself, a direct buy signal.

Strive bought 1,800 Bitcoin (BTC) for about $143 million between 24 and 28 August, at an average price of $79,431 per coin including fees. The purchase lifted Strive’s holdings to 23,156 BTC, up 8.4% in five trading days and enough to overtake Bullish as the fifth-largest publicly listed corporate Bitcoin holder. The latest purchase followed an earlier acquisition of 1,110 BTC worth about $81.5 million. Strive’s two-week accumulation therefore reached nearly 2,910 BTC, valued at about $225 million. Strategy also resumed buying, adding 4,603 BTC for roughly $370 million, while Bitcoin recovered above $81,000. Strive became a Bitcoin treasury company after merging with Asset Entities. It funds its strategy through corporate Bitcoin allocations and Bitcoin-backed preferred shares, including STRC and SATA. The renewed corporate demand is bullish for BTC sentiment, but traders should monitor price momentum, funding conditions, Bitcoin volatility and the risk that financing or leverage pressures could force future selling.

Russia crypto regulation is expected to enable about 3.5 trillion to 4 trillion rubles ($46.4 billion) in regulated crypto trading during its first year, according to SberCIB Investment Research and Sber Deputy Chairman Anatoly Popov. The forecast represents roughly 20% of Russia’s current annual crypto activity, estimated at about 50 billion rubles a day. Regulated crypto trading could reach 7.5 trillion rubles by 2029, although Sber described the projection as conservative because offshore and unregulated platforms may retain significant volume. The framework takes effect on Sept. 1, 2026, after approval by President Vladimir Putin. Non-qualified investors will need to pass a knowledge test and face an annual purchase limit of 300,000 rubles through each intermediary. Qualified investors will have broader access to exchange and over-the-counter trading after testing. Bitcoin, Ether and Tether’s USDT are the main assets proposed for organized trading. Existing exchanges may operate during a transition period but must register by July 1, 2027. Sber plans to launch crypto trading, custody and digital-depository services by Dec. 1, 2026. The impact on crypto markets will depend on licensed intermediary participation, investor demand and how much activity moves from offshore venues. The Russia crypto regulation framework could improve institutional access and liquidity, but limits and regulatory uncertainty may constrain early growth.

Crypto token buybacks reached a record $638 million in 2026, up from $545 million during the same period in 2025 and just $366,000 in 2024. Hyperliquid and Pump.fun accounted for nearly 90% of the total, making token buybacks a growing crypto market strategy. Hyperliquid spent about $370 million repurchasing HYPE and directed roughly 99% of protocol revenue to buybacks. It generated $169 million in second-quarter revenue and spent $141 million on HYPE repurchases. HYPE has gained 145% in 2026. Pump.fun committed nearly $200 million to PUMP buybacks and allocates about 50% of net protocol revenue to the programme. Its annualised revenue is estimated at $420 million, while PUMP has risen 109% year to date. The gains contrast with a 10% decline in Bitcoin and an 11.9% fall in total crypto market capitalisation. Ethena has also proposed using 95% of net revenue from its core businesses to repurchase ENA. ENA rose 10.7% after the proposal. For traders, buybacks may reduce circulating supply and signal that protocols are returning revenue to token holders. However, the strategy depends on sustained revenue, trading activity, transparent governance and effective execution. Token unlocks, regulation and wider market liquidity remain key risks. A slowdown in activity could weaken buyback capacity, while poorly governed programmes may be viewed as price manipulation.

Zakura has released Zakura Common, an open-source cryptography toolkit designed to accelerate Zcash private transactions. Developers say it can reduce transaction construction time from more than three seconds to below 200 milliseconds in many cases. Mobile proof generation improved by more than 14 times, while desktop performance increased by over five times. Sinsemilla hashing became more than 21 times faster, zk-SNARK verification improved by four to eight times, and trial decryption became over 1.5 times faster. These gains could make Zcash shielded wallets more responsive and improve the user experience on mobile and desktop devices. Zcash shielded transactions use zero-knowledge proofs to hide senders, recipients and amounts. Zakura Common does not alter consensus rules, monetary policy or trust assumptions, and requires no hard fork or coordinated network upgrade. Zakura version 1.3.0 includes the new cryptography stack, while Vizor Wallet is among the first confirmed adopters. Other wallets must integrate and test the library independently. ZEC briefly rose about 5% to near $839 after the announcement, but later traded around $829 on 31 August. The initial market reaction was modest and temporary. Traders are likely to monitor wallet adoption, real-world usage, device-level benchmarks and the proposed NU7 upgrade, which could reduce Zcash block times to about 25 seconds. Faster Zcash private transactions are a potential long-term adoption catalyst, but sustained price gains will depend on broader market conditions and execution.

Goldman Sachs raised its Coinbase price target from $173 to $196 and maintained a Buy rating on Robinhood with a $124 target. The update followed a 28% five-day rally in Coinbase shares, which closed at $187.16 before easing to about $182.43. Bitcoin also briefly moved above $80,000, reaching $80,698, but later fell towards $77,900. Bitcoin trading volume rose sharply during the breakout, yet broader crypto market activity remains weak. Spot trading volume fell 25% quarter on quarter in the second quarter, while estimates for July and August point to further declines and activity roughly 75% below the cycle peak. Goldman’s Coinbase outlook includes growth from brokerage services, derivatives, prediction markets, tokenised assets, regulatory progress and cost controls. Coinbase’s prediction-market business reportedly reached a $100 million annualised revenue run rate within two months of launch. Bernstein expects Robinhood’s prediction-market revenue to increase from $150 million in 2025 to $586 million in 2026. Market signals remain mixed. Coinbase’s Bitcoin premium briefly turned positive before becoming negative again, while cited on-chain data showed net Bitcoin selling on Coinbase and net buying on Binance and OKX. Mizuho, BTIG and Benchmark remain cautious because of weak volumes and disappointing results, whereas Bernstein has a much higher $330 Coinbase target. For traders, Bitcoin’s ability to hold $80,000 and Coinbase’s ability to sustain a positive premium are key signals. The Goldman Sachs upgrade may support sentiment in crypto equities and Bitcoin, but it could also be a delayed confirmation of an earlier rally rather than proof of renewed institutional demand. Regulatory uncertainty, legal challenges to prediction markets and continued volume weakness remain risks.

AI crypto scams helped drive reported US investment-fraud losses above $8 billion in 2025, making investment fraud the Federal Trade Commission’s costliest category. Losses rose 38% from 2024, with 144,041 consumers reporting losses and a median loss of $10,560. Separate FTC figures put total losses at more than $7.9 billion and the median loss above $10,000. New York officials warned that crypto scams are becoming more convincing through AI-generated deepfakes, cloned voices, fake celebrity endorsements and polished social media adverts. Fraudsters promote fake cryptocurrencies, trading platforms and investment coaching services. These platforms may display fabricated balances or profits, allow small withdrawals and then demand larger deposits, taxes or fees. The tactic is often linked to “pig butchering” and romance-investment scams that begin on dating apps or through social media, texts, emails and unsolicited messages. Australian regulators reported similar activity and the removal of 3,106 fraudulent cryptocurrency investment platforms during the 2026 financial year. Traders should verify platforms, promoters and fund destinations through official registers. Guaranteed returns, high-pressure sales and projects without clear documentation are key crypto scam warnings. The news does not identify a specific cryptocurrency or change market fundamentals, but it increases fraud, reputational and regulatory risks across digital-asset markets.

Robinhood ecosystem token CLAN first reached a record market capitalisation of about $5.5 million before pulling back to roughly $5 million. In the latest move, CLAN’s market cap climbed above $9.5 million, then eased to about $8.7 million, while the token remained up more than 110% over 24 hours, according to GMGN data. The rally followed attention on clan.tech, a Robinhood Chain-related project built around trading “Clan Keys”. Holders of Clan Keys can access private chat rooms and interact with other traders. CLAN’s sharp price increase signals strong short-term speculative interest in Robinhood-related crypto projects. However, CLAN remains a small-cap, highly volatile token. Traders should monitor volume, liquidity, spreads, holder concentration and profit-taking risk. Market-cap gains alone do not confirm a sustained trend, and CLAN may remain sensitive to social-media attention, sentiment and further Robinhood Chain developments.

Pons revenue rose from $693,125 to approximately $930,600 over 24 hours, according to DefiLlama data. Its protocol revenue ranking improved from eighth to seventh among tracked crypto protocols. Pons surpassed Jupiter at $807,300, Axiom Pro at $691,200 and Polymarket at $662,300 in the later reading. Earlier data showed Pons ahead of Polymarket and fomo but just behind Hyperliquid at $758,325. The increase points to stronger activity, transaction volume and fee generation across the Pons ecosystem. It could support short-term sentiment around the PONS token. However, traders should confirm the trend through sustained revenue, liquidity, user activity and token demand. A single 24-hour revenue spike does not establish a lasting bullish trend.

Stellar’s tokenized real-world asset (RWA) market reached nearly $4 billion on Aug. 29, up about 360% from $868.8 million at the end of 2025. The Stellar RWA market includes tokenized U.S. Treasurys, public and private credit, non-U.S. government debt and other securities. Spiko represented about $1.55 billion of the market, followed by Realiz, Tradable, Franklin Templeton and Ondo. Tokenized non-U.S. government debt reached roughly $490 million, including Mexican CETES and Brazilian bonds issued through Etherfuse. Stellar’s stablecoin transfer volume also hit a record $11.4 billion in the second quarter, although transaction volume and RWA value are separate metrics. Institutional adoption could support further growth. DTCC plans to connect its tokenization service to Stellar, with assets expected during the first half of 2027. Tradable also plans to bring up to $1 billion in private credit assets to the network. Despite the strong Stellar RWA expansion, XLM remains near $0.18 and is down about 11% year to date. The token is slightly above its 50-day EMA near $0.1781, while RSI is around 52. Support is located near $0.178-$0.180, with resistance at $0.19-$0.20 and then around $0.22. A sustained break above $0.20 could indicate that XLM momentum is beginning to catch up, but RWA growth alone does not guarantee direct demand for XLM.

Ripple has pledged $300,000 for Nepal-Tibet flood relief through World Central Kitchen and Mercy Corps. The donation will fund emergency meals, clean water, sanitation and wider humanitarian assistance. Ripple flood relief efforts will support food distribution in Nepal’s Rasuwa and Nuwakot districts, while Mercy Corps coordinates aid along the Bhote Koshi and Trishuli river corridors with local authorities. Ripple has supported World Central Kitchen since 2020 and previously worked with Mercy Corps on blockchain-based humanitarian finance projects. The disaster followed a glacier collapse on 26 August that sent ice, rock, mud and debris into river systems. Flooding damaged homes, roads, bridges, hydropower facilities and communications networks, isolating some communities. Authorities reported 750 deaths and more than 3,000 missing people across Nepal and Tibet, with more than 90,000 affected and over 17,000 children in Nepal needing assistance. Ripple did not say whether the donation would use XRP, RLUSD or another digital asset. The Ripple donation is mainly a corporate philanthropy and humanitarian story, with limited direct implications for XRP prices in the short term.

Coinbase will suspend BADGER and STORJ trading on or around September 28, 2026, at 2:00 p.m. ET. The change affects Coinbase.com Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. Coinbase has already moved both assets to limit-only order books. Traders can place or cancel limit orders, but market orders are unavailable and execution depends on available liquidity. After the Coinbase trading suspension, users can continue holding and withdrawing BADGER and STORJ. No automatic conversion or withdrawal deadline has been announced. Coinbase cited a routine asset-listing review but did not identify specific technical, legal, compliance, or market reasons. BADGER is the governance token for the Bitcoin-focused Badger DAO DeFi project. STORJ supports the decentralised cloud-storage network Storj. On August 30, BADGER traded near $0.37, down about 4% in 24 hours, while STORJ traded near $0.074. The data does not prove the announcement caused these moves. However, the Coinbase suspension could reduce liquidity, widen spreads and increase short-term volatility if traders sell or move their tokens. Coinbase is also scheduled to suspend IOTX trading on September 23.

BSC meme coin Niu Lai briefly climbed above a $127 million market capitalisation, up from an earlier peak of more than $90 million, according to GMGN data. Its market cap later retreated to about $95.3 million, although Niu Lai remained up more than 75% over 24 hours. The move signals strong short-term momentum and speculative demand for Niu Lai, but the sharp pullback also highlights meme coin volatility and liquidity risks. Traders should assess trading volume, liquidity, bid-ask spreads, holder concentration and potential liquidation pressure before chasing the rally.

PONS, a token linked to the Robinhood ecosystem, first moved above a $200 million market capitalisation before later reaching a record $260 million, according to GMGN data. Its market cap subsequently eased to about $233 million. Around 29% of PONS’s total supply has been burned, while Pons Treasury continues to allocate 80% of protocol fee revenue to accumulate PONS. These token-burn and treasury-buyback mechanisms could reduce circulating supply and create recurring demand, supporting the PONS price over the longer term. However, the retreat from the $260 million peak highlights short-term volatility and profit-taking risk. Traders should monitor liquidity, trading volume, treasury activity and whether PONS can sustain the market-cap breakout. GMGN data does not disclose the size or timing of individual treasury purchases.

Cosmos Labs said it misjudged a balance-processing vulnerability in the shared Cosmos EVM module, initially believing it affected only chains using six decimal places. The vulnerability was reported through a bug bounty programme on 25 April, but a silent patch merged in May was not accompanied by a public advisory or detailed notice to chain operators. Independent researchers later found that all Cosmos EVM chains could be affected. Cosmos Labs issued a security patch at 19:01 Eastern Time on 19 August, leaving operators about 20 hours to respond before the first attack began at 15:06 on 20 August. Attackers exploited six Cosmos ecosystem networks between 20 and 25 August, causing about $5.72 million in losses. Around $2.87 million was bridged and sold on decentralised exchanges, while $2.85 million was sold through centralised exchanges. The related exchange accounts have been frozen. Following MANTRA’s disclosure, the Cosmos security team assessed roughly 40 networks. Thirteen potentially affected networks patched, halted or added safeguards without reporting losses. For traders, the Cosmos EVM incident increases near-term risks for affected-chain liquidity, bridge exposure, token volatility and further DeFi exploit disclosures. It also highlights the systemic risk of shared blockchain infrastructure and delayed security communication.

Kraken reported a coordinated dust attack between 17 and 24 August 2026, involving nearly 12,000 transfers from a wallet linked by Arkham Intelligence to HTX. Each transfer was worth only a few cents to several dollars and reached Kraken-associated addresses. The Kraken dust attack triggered sanctions and anti-money-laundering reviews. Some customers temporarily lost account access on the first day. Kraken later restored access after reviewing the affected accounts, but it continues to hold the flagged funds separately and is cooperating with law-enforcement agencies. HTX denied that an official account initiated the transfers. It is investigating whether the wallet was misidentified or controlled by a third party. The sender and motive remain unconfirmed. For traders, the Kraken dust attack highlights the risk of withdrawal restrictions, compliance delays and reputational pressure caused by unsolicited blockchain transfers. The incident could encourage exchanges to adopt more advanced behavioral analytics and clearer procedures for involuntary transfers. It is not, by itself, a direct signal for cryptocurrency prices.

A crypto whale opened its first reported derivatives positions on Hyperliquid at about 3:00 a.m., according to on-chain analyst Ai Yi. The trader took a 10x long position in 403.44 BTC worth about $31.49 million and a 12x long position in 4,781 ETH worth approximately $11.75 million. The combined $43.24 million leveraged BTC and ETH longs were showing an unrealised loss of about $362,000. An earlier report from analyst Ember described much larger Hyperliquid whale positions of 1,000 BTC and 38,000 ETH, valued at roughly $170 million, with an unrealised loss of about $2.39 million. The reports may reflect different stages or addresses linked to the trading activity. The whale’s leveraged BTC and ETH longs indicate bullish exposure, but they do not confirm a wider market uptrend. Traders should monitor funding rates, open interest, liquidation levels and spot flows, as sharp price declines could trigger forced selling and increase short-term volatility.

Ripple is preparing the XRP Ledger for the potential threat from quantum computing, although there is no evidence that XRP Ledger keys can currently be broken at scale. The four-stage post-quantum cryptography roadmap targets full network protection by 2028. The plan began with identifying vulnerable cryptography and creating an emergency “Q-Day” migration mechanism. If quantum technology advances faster than expected, accounts could be moved to post-quantum formats, with zero-knowledge proofs potentially supporting fund recovery. Ripple is testing NIST-recommended post-quantum signatures under real XRP Ledger workloads, including their effects on storage, bandwidth and transaction throughput. Candidate signatures are expected to run alongside existing elliptic-curve signatures on the XRPL Devnet in the second half of 2026. Ripple is also working with Project Eleven on validator testing, performance benchmarks and a post-quantum custody wallet prototype. A final network amendment is targeted for 2028 and would require coordination among independent validators. XRP Ledger accounts can rotate their controlling keys without changing the underlying account, which could make migration less disruptive. The risk, known as “Q-Day”, could eventually affect public-key cryptography across digital assets, including Bitcoin and Ethereum. Updated research suggests a credible threat window could emerge as early as 2032, although the technology is not currently capable of breaking major networks at scale. For XRP traders, the XRP Ledger upgrade is a long-term security and infrastructure development rather than an immediate price catalyst. Devnet results, validator coordination and approval of the 2028 amendment may support confidence in the network. Near-term XRP trading is still more likely to depend on regulation, adoption, liquidity and broader crypto-market conditions.

The US-Venezuela oil deal reportedly gives Washington majority operational control of more than 65 billion barrels of Venezuelan reserves across 17 fields. President Donald Trump described it as the “biggest oil deal in world history”. The plan could attract nearly $100 billion in private investment and allow the US to buy crude at cost, while Venezuela may receive substantial tax revenue. The reported arrangement would combine Venezuelan reserves with the US’s roughly 46 billion barrels of proven domestic reserves. However, reserves do not translate into immediate supply. Venezuela produces about 1.2–1.25 million barrels per day and needs major repairs to its oil infrastructure, power grid, pipelines, export terminals and upgraders. The agreement’s operator, legal framework, development timetable and possible 100-year rights remain unclear. Political opposition, legal challenges and Venezuela’s history of nationalisation could delay implementation. For Bitcoin, the oil deal is primarily a long-term macroeconomic signal. Higher Venezuelan output could eventually reduce crude prices and inflation, potentially giving the Federal Reserve more room to cut interest rates. That backdrop could support Bitcoin and other risk assets. In the short term, however, Middle East tensions, possible Strait of Hormuz disruptions, inflation data and Fed expectations are likely to matter more. Traders should not treat the Bitcoin oil deal narrative as an immediate price catalyst.

Ethena has announced major ENA tokenomics reforms, including buybacks, investor unlock changes and a proposed revenue-linked fee switch. ENA rose more than 20% intraday and nearly 60% in a week after the announcement. The Ethena Foundation plans to repurchase remaining locked ENA held by certain early investors who sold tokens on secondary markets. It will also replace venture capital investors’ three-year monthly vesting schedule with a one-off release on 5 October 2026. Team tokens will retain their existing lock-up terms. The size of the investor release has not been disclosed, leaving traders exposed to potential supply and selling pressure. Ethena and Ethena Labs are preparing a Master Framework Agreement that would place key intellectual property and protocol-generated economic value under the foundation and its ecosystem, with ENA holders retaining governance oversight. A proposed fee switch, approved by the risk committee and scheduled for a governance vote on 2 September, would allocate up to 95% of net income to automated ENA buybacks once USDe supply reaches $7.5 billion. Revenue could come from USDe savings products, white-label stablecoin services and Ethena X. USDe supply has fallen from nearly $15 billion at its 2025 peak to about $4 billion as derivatives funding rates weakened. Ethena is expanding into institutional lending, savings products and stablecoin infrastructure to reduce its dependence on market cycles. The reforms are short-term bullish for ENA, but longer-term gains depend on renewed USDe growth, protocol revenue, approval of the fee switch and the actual scale of the October unlock. Ethena previously used about $890 million in reserves for a one-off repurchase programme, while Coinbase Ventures and Arthur Hayes have disclosed secondary-market ENA purchases.

Nvidia earnings showed revenue of $96.2 billion in fiscal Q2 2027, up 106% year on year. Data-centre revenue rose 117% to $89.0 billion, while non-GAAP diluted earnings per share reached $2.22 and exceeded market expectations. Nvidia guided for fiscal Q3 revenue of about $108 billion, plus or minus 2%, excluding data-centre computing revenue from China. The Nvidia earnings report shifted investor focus from another revenue beat to the company’s next growth phase. Vera Rubin has entered full production, with CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius operating Rubin systems. Traders will watch whether Rubin extends the Blackwell-led AI infrastructure cycle and supports further hyperscaler and AI laboratory capital spending. Gross margins are the main risk. Non-GAAP gross margin was 75% in Q2 but is expected to fall to about 74% in Q3 and 71%-72% in Q4. Higher costs for high-bandwidth memory, networking, advanced packaging, optical interconnects, power and cooling are adding pressure. Nvidia has raised AI server prices by more than 15%, but pricing has not fully offset cost inflation. Supply commitments more than doubled to $279 billion, partly because of memory purchases for Rubin. For traders, key indicators include Rubin deployment, AI infrastructure demand, hyperscaler capital expenditure, margin trends and China export access. The results also have read-through implications for semiconductor, memory, networking, optical communications and data-centre infrastructure stocks. Nvidia earnings remain a major signal for the wider technology sector and could indirectly influence risk appetite in crypto markets.

Bitcoin fell below $77,000 after Federal Reserve Chair Kevin Warsh delivered a hawkish Jackson Hole speech, extending an earlier decline below $80,000. BTC had recently rallied from under $65,000 to above $81,000 before losing about $3,000 within hours. Warsh said US inflation remains too high for the Federal Reserve to declare victory. The preferred PCE inflation gauge stood at 3.7% year on year, while its six-month annualised rate was 4.1%, both above the Fed’s 2% target. He also pointed to strong business investment, a 20% rise in the S&P 500, unemployment near 4% and relatively easy credit conditions. Market pricing cited by Reuters showed the probability of a September rate hike rising from roughly 35% to nearly 60%. Treasury yields and the US dollar strengthened, pressuring Bitcoin, stocks, precious metals and altcoins. The move also triggered about $488 million in crypto liquidations, mainly from leveraged long positions. Bitcoin remains highly sensitive to Fed policy, interest rates, bond yields and dollar strength. Persistent rate-hike expectations could cap BTC’s recovery and increase volatility. Softer inflation, lower yields or a sustained move above $80,000 could improve risk appetite. Traders should monitor US inflation data and further Fed guidance.

Binance co-founder Changpeng Zhao (CZ) urged Justin Sun to stop publicising unnecessary personal details in his dispute with Chinese actress Jing Tian. CZ said aggressive marketing may be acceptable, but personal attacks and actions that could harm someone’s future career cross a line. He said court proceedings would be preferable to public disclosure. Justin Sun said the remaining issues should be handled legally and later announced a truce, saying the matter would end with him. The dispute began after Sun sued Jing Tian and her parents to recover more than 30 million yuan in alleged bride-price payments. Sun’s lawyer said the court approved property preservation, while Jing Tian’s side challenged the court’s jurisdiction. The case has not reached substantive hearings. The controversy intensified after Justin Sun published a roughly 6,000-character post about Jing Tian, covering their relationship, surrogacy plans and an alleged demand for $50 million. Jing Tian denied selling her love or soul for money, while her studio accused Sun of threatening to damage her reputation. For crypto traders, the Justin Sun dispute is primarily a legal and reputational issue. It does not currently affect blockchain operations, token supply or liquidity. Short-term sentiment around Sun-linked assets could weaken if the dispute escalates, but the expected direct market impact is neutral.

IREN Limited is accelerating its shift from Bitcoin mining to AI cloud computing and high-performance GPU infrastructure. Earlier results showed falling revenue, a substantial net loss and impairments on mining assets, while hiring and expansion costs increased execution risk. The latest update is more positive. AI cloud revenue more than doubled quarter over quarter, and IREN raised its annual recurring revenue guidance from $3.7 billion to more than $4 billion after securing $2.8 billion in new contracts. The company says its contracted 2026 capacity represents about $4 billion in annual recurring revenue. Microsoft, Meta and AI laboratories are among its target or reported customers. IREN shares initially gained about 20% after new AI-lab agreements but later came under pressure, reflecting volatility in AI infrastructure and crypto-linked equities. The company plans to invest $25 billion to $30 billion, creating financing and potential shareholder-dilution risks. Customer concentration, project execution and demand for GPU capacity also remain key concerns. For crypto traders, IREN is a speculative stock rather than a direct Bitcoin proxy. Its valuation is increasingly linked to AI cloud demand, data-centre capacity and technology-sector sentiment. The transition could support long-term growth if IREN delivers its contracted capacity, but delays or weak results could increase volatility. The article’s Strong Buy view applies to IREN stock, not Bitcoin.

Capital B, an Euronext Growth-listed Bitcoin treasury company, has raised €21 million ($24 million) through a private share placement backed by Blockstream co-founder Adam Back and asset manager TOBAM. It issued 36,219,070 shares at €0.58 each, a 6.45% discount to the previous closing price. Net proceeds are expected to reach about €19.9 million after fees. Capital B plans to use the funds to buy approximately 270 BTC. This would increase its Bitcoin holdings from about 3,145 BTC to roughly 3,415 BTC, making it the 27th-largest publicly traded Bitcoin treasury globally, according to Bitcoin Treasuries. Earlier data cited holdings of 3,139 BTC. The company also bought 192 BTC for €13 million in May. Each placement unit includes one share and four warrants. If all warrants are exercised, Capital B could raise a further €135.8 million through the issue of nearly 144.9 million shares. The company has also secured approval for a potential €5 billion capital increase and may accelerate warrant exercises if its 20-day volume-weighted average share price exceeds the relevant trigger level. The financing shows continued institutional demand for Bitcoin treasury strategies. However, the planned purchase is small relative to the Bitcoin market. Potential equity dilution and corporate exposure to Bitcoin volatility could limit the positive impact on BTC in the short term. For traders, the deal is best viewed as a modestly bullish institutional signal, with a broadly neutral direct effect on Bitcoin’s price.