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21 Financial Giants Join Forces on Stablecoin: Launch Planned for 2027
Twenty-one of the world’s largest financial institutions have joined forces on a shared stablecoin project. The group, which includes Goldman Sachs, Bank of America, Citi, Deutsche Bank and UBS, aims to launch a U.S. dollar-backed stablecoin in the first half of 2027.The financial institutions will first establish a new company in the second half of 2026. The yet-to-be-named company will operate globally and initially focus on developing a stablecoin pegged to the U.S. dollar.The project will become one of the most extensive joint stablecoin initiatives launched by traditional financial institutions. The new asset is expected to be used across several areas, ranging from cross-border payments to digital asset settlement.Which companies are involved in the stablecoin project?The North American participants include Bank of America, Capital One, Citi, Fidelity Investments, Goldman Sachs, PNC Financial Services, Scotiabank, TD Bank Group, Wells Fargo and WisdomTree.European participants include Santander, BBVA, Commerzbank, Crédit Agricole, Deutsche Bank, Lloyds Banking Group, Rabobank and UBS. MUFG Bank, Sirius International Holding and Standard Bank complete the group of 21 institutions.The project was first announced in October 2025. At the time, only 10 banks were exploring a digital currency model that could operate on public blockchains and be backed 1:1 by reserves.Around one year later, the number of participants has increased to 21. The latest announcement indicates that the project has moved beyond the research stage and into company formation and product development.Where will the new stablecoin be used?The group does not plan to limit the stablecoin to cryptocurrency transactions. The product will be developed for wholesale financial markets, institutional clients and retail users in eligible jurisdictions.Cross-border payments and digital asset settlement are among the main use cases. Participating institutions will bring their own distribution networks, risk management systems and financial compliance infrastructure to the joint project.The stablecoin project is expected to be developed in compliance with the GENIUS Act in the United States and MiCA regulations in the European Union. However, the group has not yet disclosed which blockchains the token will operate on or how its reserve structure will be designed.Euro stablecoin could follow the dollarThe joint company’s first product will be pegged to the U.S. dollar. The group is considering launching stablecoins linked to other G7 currencies at a later stage.The euro is expected to be the first currency considered for this expansion. Over time, the initiative could therefore play a role not only in the dollar stablecoin market but also in bringing other major currencies onto blockchain networks.The banks will enter a market that is already substantial in size. According to Reuters, Tether has issued more than $180 billion worth of USDT and continues to hold a dominant position in the stablecoin market.Adoption of bank-backed stablecoins, however, remains relatively limited. The dollar stablecoin launched by Société Générale in 2025 currently has a circulating supply of around $12.5 million.The combined distribution network of the 21 financial institutions could give the new project a different level of reach. Following the establishment of the company, further details are expected regarding the token’s name, supported blockchains and reserve mechanism.
Remixpoint Sells All Altcoins: Only Bitcoin Remains in Its Treasury
Japan-based Remixpoint has made a major change to its cryptocurrency portfolio. The company sold all of its Ethereum, Solana, XRP and Dogecoin holdings, leaving Bitcoin as its only crypto asset.The Tokyo Stock Exchange-listed company completed the altcoin sales on September 1. According to Remixpoint’s September 2 announcement, the transactions generated approximately 878.8 million yen in proceeds.The company recorded a profit of around 117.8 million yen from the sales. Remixpoint now holds approximately 1,506 BTC in its crypto portfolio.Remixpoint sold 878 million yen worth of altcoinsRemixpoint completely closed four altcoin positions in its portfolio. The company sold 901.45 ETH for approximately 353.4 million yen, generating a profit of 60.2 million yen.The sale of 13,920 SOL generated 227.9 million yen in proceeds. Remixpoint recorded a realized profit of approximately 49.3 million yen from its Solana position.The company also sold around 1.19 million XRP for 260.4 million yen. The transaction generated a profit of 11.5 million yen. Dogecoin was the only altcoin position that resulted in a loss. Remixpoint sold around 2.8 million DOGE for 37.1 million yen, recording a loss of 3.26 million yen.The four positions had a combined book value of around 761 million yen. Total proceeds reached 878.8 million yen, bringing the overall realized profit to 117.77 million yen.Why will the company hold only Bitcoin?Remixpoint said its decision reflected market conditions, the risk-return profiles of individual crypto assets and the company’s broader financial strategy.The company said it would adopt a “selection and concentration” approach to its crypto portfolio. Its digital asset management strategy will now focus primarily on Bitcoin.Following the sales, Remixpoint no longer holds Ethereum, Solana, XRP or Dogecoin. As of September 2, its only cryptocurrency holding is approximately 1,506 BTC.However, Remixpoint will not necessarily use all of the 878.8 million yen generated from the altcoin sales to buy more Bitcoin. The company plans to allocate the funds toward expanding grid-scale battery assets, strengthening its financial position and pursuing other investments that could support corporate value.Remixpoint continues to generate income from BitcoinRemixpoint’s strategy does not rely solely on potential increases in Bitcoin’s market price. The company also uses part of its BTC holdings in lending operations.Between February 24 and August 31, its Bitcoin lending activities generated 14.92 BTC in income. Remixpoint valued this income at approximately 164.2 million yen based on exchange rates at the end of the period.Before their sale, the company also used its Ethereum and Solana holdings for staking. Between July 2025 and August 2026, ETH staking generated 10.9 million yen, while SOL staking produced 18.9 million yen.Combined income from Bitcoin lending and ETH and SOL staking reached approximately 194 million yen.Remixpoint ranks among Japan’s largest corporate Bitcoin holdersRemixpoint’s Bitcoin strategy has become one of the more notable examples of corporate BTC adoption in Japan. According to the company’s own data, it ranks as the third-largest Bitcoin holder among publicly listed Japanese companies.Remixpoint’s tracking platform currently places Metaplanet first with 43,000 BTC. Nexon ranks second with 1,717 BTC, while Remixpoint follows with roughly 1,500 BTC.Including recent lending income, Remixpoint’s Bitcoin holdings have increased to approximately 1,506 BTC. The complete sale of its altcoin positions further clarifies the company’s crypto strategy, with its balance-sheet exposure now concentrated entirely in Bitcoin.Remixpoint shares ended the September 2 session down around 5% at 228 yen. The stock had closed the previous trading day at 240 yen.
Ethena Pay Goes Live as ENA Jumps 9 Percent
Ethena is preparing to bring its crypto-based dollar products into everyday financial use. The project has launched Ethena Pay, an app that combines savings, card spending and international money transfers.Ethena Pay went live on Apple’s App Store on Tuesday, September 1. The company describes the product as an “internet money neobank,” offering a 6% dollar savings yield and 5% cashback on card purchases.Following the announcement, Ethena’s native token ENA rose by around 9%. The token outperformed the broader crypto market, which remained largely flat. What services does Ethena Pay offer?Ethena Pay aims to make stablecoin usage feel closer to a traditional bank account. Users can save dollars, make card payments and send international money transfers through the same app.The platform also supports free fiat onramps for the US dollar, British pound and euro. Local currencies and IBANs connected to self-custodial stablecoin accounts are also among the available features.This could reduce the need for users to constantly move funds between a crypto wallet, exchange and bank account before making payments. Ethena aims to connect its savings products directly with payment infrastructure.Ethena Pay also includes a feature called “Buy Now Pay Never.” The system is designed to use returns generated from a user’s savings to cover purchases without drawing down the principal.Avalanche to power Ethena Pay settlementsEthena selected Avalanche as the payment and settlement infrastructure for the app. The AVAX network will handle money movements, transfers, payments and transaction settlements within Ethena Pay.Avalanche will therefore serve as the exclusive settlement network for Ethena Pay. The decision also marks a notable shift from the largely Ethereum-centered infrastructure that supported much of Ethena’s earlier growth.Ethena Pay is not yet available to a broad user base. Only 400 early-access users will be able to use the app during the initial phase.Ethena plans to increase the number of users each week. The app is expected to gradually move out of beta throughout September.Ethena expands beyond USDeUSDe has so far remained at the center of Ethena’s growth strategy. The synthetic dollar, with a market size of around $4 billion, gained prominence largely through yields generated from crypto basis trade strategies.However, the project has recently started diversifying its sources of returns. Last week, Ethena introduced changes to ENA token economics and outlined plans to use equity perpetual futures as another source of yield for USDe.Earlier this year, the company also introduced a savings product with Coinbase. The partnership opened another distribution channel for Ethena’s dollar products through Coinbase’s large user base.Ethena Pay now extends this strategy from savings into everyday spending. If the product scales as planned, Ethena could evolve beyond its USDe-centered DeFi model into a platform offering financial services directly to consumers.
Memecoin Traffic on Robinhood Chain Hits Record High
Robinhood Chain recorded its busiest day yet as memecoin activity accelerated. The network processed 5.52 million transactions on August 30, while decentralized exchange volume reached approximately $875 million.The Ethereum-compatible network launched on July 1 to bring tokenized stocks onto the blockchain. However, recent data shows that memecoin trading accounts for much of its current activity.Applications on Robinhood Chain generated $2.66 million in revenue during the same period. This placed the network behind only Solana in terms of app revenue.Robinhood Chain breaks transaction recordOn-chain data shows that Robinhood Chain processed 5.52 million transactions on August 30. This marked the network’s highest daily total since its launch.Daily transactions stood below one million in early July. The network surpassed 5 million transactions per day within approximately two months.Trading volume on decentralized exchanges also reached around $875 million. Uniswap accounted for most of this activity.Its latest version processed approximately $432 million in trades. The previous version recorded another $357 million in volume.Combined volume across the two Uniswap versions reached $789 million. This represented about 90% of Robinhood Chain’s daily decentralized exchange volume.Only Solana ranks higher in app revenueDefiLlama data shows that applications on Robinhood Chain generated approximately $2.66 million over 24 hours. The network surpassed competitors including Ethereum and Base in app revenue.Solana ranked first with $5.07 million during the same period. Robinhood Chain’s total was roughly twice the revenue generated by Ethereum applications and six times that of apps on Base. The figure does not represent revenue earned directly by Robinhood. It reflects the fees that applications running on the network collected from users.A small group of applications generated most of the revenue. Memecoin trading tool GMGN, token launch platform Pons and Uniswap accounted for approximately 88% of the total.Pons launches 22,600 tokens in one dayPons emerged as another major source of activity on Robinhood Chain. The platform allows users to create and open new tokens for trading directly from their crypto wallets.Pons data shows that approximately 22,600 new tokens launched in a single day. Daily token creation increased by more than 40% from the previous day.Animal-themed memecoins and tokens inspired by short-lived internet trends made up a significant portion of the new assets. This suggests that speculative token activity is driving transaction growth more than demand for tokenized stocks.Cash Cat, one of the network’s prominent memecoins, also benefited from the growing interest. The token’s price more than doubled during the week ending August 25.Tokenized stocks remain in the backgroundRobinhood launched the network on July 1 to represent traditional financial assets on the blockchain. Tokenized stocks were the main use case highlighted in the project’s announcement.However, data published two weeks after the network’s launch showed that memecoins had quickly gained a dominant position in its activity. Robinhood-themed tokens multiplied, while tokenized stocks represented only a small portion of the assets on the network.
Crypto Week Ahead: 25 Events to Watch as U.S. Jobs Data Takes Center Stage
Bitcoin started the Aug. 31-Sept. 6 week at around $77,900. Expectations that the Federal Reserve could raise interest rates in September and escalating tensions in the Middle East pushed the market into a more cautious mood following last week’s gains. The main focus of the week will be the U.S. employment report due Friday. On the crypto side, Russia’s new law, Mina’s Mesa upgrade, delisting decisions from Binance and BitMEX, and supply developments involving SUI, EIGEN, ENA and HYPE will be closely watched.U.S. employment data could reshape Fed expectationsFed Chair Kevin Warsh’s Jackson Hole speech pushed the probability of a September interest rate hike to around 60%. Warsh said inflation remained high and further tightening could be needed to restore price stability.The first major test of this pricing will arrive on Tuesday, Sept. 1. The U.S. Bureau of Labor Statistics will release July’s JOLTS job openings data at 5:00 p.m. Turkey time.The market expects the number of job openings to remain near 7.4 million. The ISM manufacturing PMI, scheduled for release at the same time, is expected to come in at 55.1.The ADP private-sector employment report will be released on Wednesday, Sept. 2, at 3:15 p.m. Turkey time. ADP’s official calendar confirms the date, while market expectations point to an increase of 45,000 jobs.The Fed will also publish its Beige Book report on Wednesday at 9:00 p.m. Turkey time. The report will offer insight into employment, wages, prices and how businesses assess the economic outlook.Weekly initial jobless claims will be released on Thursday at 3:30 p.m. Turkey time. Economists expect 205,000 applications, compared with the previous reading of 203,000.The ISM services PMI will follow at 5:00 p.m. Turkey time. The index is expected to rise from 54.1 to 54.4.The strongest market reaction of the week could form around Friday’s nonfarm payrolls report, scheduled for 3:30 p.m. Turkey time. According to the BLS calendar, the report will cover employment and wage changes in August.The market expects the U.S. economy to have added 50,000 jobs. Employment declined by 23,000 in July.The unemployment rate is expected to remain at 4.1%. Average hourly earnings are forecast to increase by 0.2% monthly and 3% annually.Strong employment and wage figures could increase the likelihood of a rate hike at the Sept. 15-16 FOMC meeting. A weaker result could strengthen expectations that the Fed will remain on hold despite Warsh’s inflation warnings.Russia’s sweeping crypto law takes effectRussia’s new regulations for the digital currency market will take effect on Sept. 1. According to the Central Bank of Russia, both qualified and non-qualified investors will be able to trade cryptocurrencies through licensed intermediaries.Annual purchases by non-qualified investors will be limited to 300,000 rubles at each intermediary. These users will also have to pass a suitability test before trading.Qualified investors will also be subject to testing, although they will not face limits on assets or transaction amounts. The regulation brings foreign stablecoins under Russia’s cryptocurrency rules as well.Licensed crypto exchanges and digital asset custodians will operate under the new system. The law does not allow cryptocurrencies to be used for payments for goods and services within Russia.Exporters and importers will be able to use cryptocurrencies for cross-border payments. Existing companies have until July 1, 2027, to obtain licenses and bring their operations into compliance with the new rules.Eurozone inflation and oil prices in focusEurostat will release the eurozone’s preliminary August inflation data on Tuesday, Sept. 1, at noon Turkey time. Eurostat’s previous report put July inflation at 2.9%.Market forecasts for August are concentrated between 3.2% and 3.3%. Rising energy costs are expected to be the main factor pushing headline inflation higher.Brent crude rose by more than 2% on Monday, approaching $90.60. U.S. attacks on Iran and Tehran’s response renewed concerns over global supplies.Persistently high oil prices could increase interest rate pressure on the Fed and the European Central Bank. This environment may affect risk assets, including Bitcoin, through the U.S. dollar and government bond yields.The meeting of G20 finance ministers and central bank governors is also taking place in Asheville from Aug. 31 to Sept. 1. According to the U.S. Treasury’s program, the agenda includes global growth, trade imbalances, inflation, public debt and the war with Iran.Mina network to activate Mesa upgradeMina Protocol will conduct its Mesa mainnet upgrade on Thursday, Sept. 3. According to the project’s detailed migration schedule, the network will stop accepting transactions at 1:00 p.m. Turkey time.Block production is expected to pause temporarily at 6:00 p.m. The Mesa package will be released at 7:30 p.m., with the first Mesa block expected at 9:00 p.m.Mesa will increase zkApp capacity and shorten block intervals. The upgrade will also introduce an automatic upgrade mechanism designed to simplify future protocol transitions.Existing zkApps will need to update their verification keys using o1js 3.0. Exchanges may suspend MINA deposits and withdrawals while the network is offline.The Mina team will make its final “proceed or postpone” decision on Aug. 31. If an insufficient number of validators upgrade to the required version, the project may set a new date.Zilliqa is also expected to conduct a block-height-based hard fork on Sept. 2. The estimated activation time is 3:58 p.m. Turkey time, although this could change depending on the speed of block production.The update aims to transfer some older wallet balances frozen due to a security issue in the Ledger application to new addresses. Zilliqa’s incident page shows that transactions on the legacy network have been temporarily suspended.Binance and BitMEX to implement delistingsBitMEX will delist 11 perpetual futures contracts on Wednesday, Sept. 2, at 3:00 p.m. Turkey time. The exchange will close open contracts through early settlement at the same time.BitMEX’s announcement shows that the decision applies only to derivatives contracts. Users should review the automatic settlement conditions and reference price calculations.Binance will end spot trading for ICON, Secret and Storj on Thursday, Sept. 3, at 6:00 a.m. Turkey time. According to the official announcement, all spot pairs involving ICX, SCRT and STORJ will be removed.Open spot orders involving these assets will be canceled at the same time. Binance will stop crediting deposits made after 6:00 a.m. Turkey time on Sept. 4.Withdrawals will remain available until 6:00 a.m. Turkey time on Nov. 3. The exchange said it may convert any remaining tokens into stablecoins after the deadline, although the conversion is not guaranteed.ENA, SUI, EIGEN and HYPE supply set to expandSept. 1 stands out as the busiest day on this week’s token calendar. All dollar figures are approximate because their values will change with spot prices.Sui will unlock approximately 13.53 million SUI on Sept. 1. The increase represents 0.33% of the circulating supply and is worth around $9.6 million at current prices.EigenCloud will release 36.82 million EIGEN on the same day. The tokens are worth approximately $6.9 million and represent 5.48% of the circulating supply.Ethena’s broader tracked supply schedule includes 275 million ENA. According to Tokenomics.com, the allocation is worth around $40.4 million and covers distributions to investors, the team, the community and the foundation.IOTA will make 12.37 million tokens available for circulation on Sept. 2. The current unlock schedule shows that the tokens, worth approximately $500,000, will be distributed among the IOTA DLT Foundation, the IOTA Foundation and the Tangle Ecosystem Association.The week’s largest potential supply event by dollar value will take place on Hyperliquid. Approximately 9.92 million HYPE will be unlocked on Sept. 6 under the monthly allocation schedule for core contributors.Based on a HYPE price of around $80.60, the scheduled amount is worth nearly $800 million. However, the full amount is not expected to be transferred on the same day.In previous months, there was a large gap between the amount of vested HYPE and the number of tokens actually claimed. The amount reaching the market could therefore remain well below the theoretical value of approximately $800 million.NFT.NYC and Solana events to beginNFT.NYC will take place at the Edison Ballroom in New York from Sept. 1 to Sept. 3. According to the event’s official website, the program is divided into 12 categories, including digital art, gaming, infrastructure, brands and on-chain finance.Solana Startup Village will be held in Amsterdam from Aug. 31 to Sept. 5. The first three days of the program will feature workshops focused on DeFi, security and privacy.The Common S3nse conference and hackathon will take place on Sept. 4 and Sept. 5 as part of Cypherpunk Week in Amsterdam. The event will focus on privacy technologies and decentralized infrastructure.There are no confirmed large-scale earnings reports from crypto companies or high-profile token launches scheduled for the week. U.S. economic data, oil prices, Russia’s regulations and the supply schedules of existing tokens will therefore carry greater weight.This week’s 25-event crypto calendarAug. 31-Sept. 1: G20 finance ministers and central bank governors meetingAug. 31-Sept. 5: Solana Startup Village AmsterdamSept. 1: Russia’s sweeping crypto law takes effectSept. 1, 3:00 a.m. Turkey time: SUI token unlockSept. 1: EIGEN token unlockSept. 1: ENA supply eventSept. 1, noon Turkey time: Eurozone preliminary August inflationSept. 1-3: NFT.NYC 2026Sept. 1, 5:00 p.m. Turkey time: U.S. JOLTS job openingsSept. 1, 5:00 p.m. Turkey time: U.S. ISM manufacturing PMISept. 2, 3:15 p.m. Turkey time: U.S. ADP private-sector employmentSept. 2: IOTA token unlockSept. 2, 3:00 p.m. Turkey time: BitMEX delists 11 perpetual futures contractsSept. 2, around 3:58 p.m. Turkey time: Zilliqa hard forkSept. 2, 5:00 p.m. Turkey time: U.S. factory ordersSept. 2, 9:00 p.m. Turkey time: Fed Beige BookSept. 3, 6:00 a.m. Turkey time: Binance ends trading for ICX, SCRT and STORJSept. 3, 1:00-9:00 p.m. Turkey time: Mina Mesa mainnet upgradeSept. 3, 3:30 p.m. Turkey time: U.S. weekly initial jobless claimsSept. 3, 3:30 p.m. Turkey time: U.S. July trade balanceSept. 3, 3:30 p.m. Turkey time: Fed Governor Christopher Waller speaksSept. 3, 5:00 p.m. Turkey time: U.S. ISM services PMISept. 4, 3:30 p.m. Turkey time: U.S. nonfarm payrolls, unemployment and wage dataSept. 4-5: Common S3nse conference and hackathonSept. 6: Planned unlock of approximately 9.92 million HYPE
What is Bitway (BTW)?
What Is Bitway (BTW)?A large share of Bitcoin has limited on-chain financial utility unless its owner decides to sell. Bitway aims to connect this idle liquidity with payments, lending and yield strategies. The project is building its infrastructure around a Bitcoin-compatible Layer 1 network, a stablecoin-focused Earn product and the BTW token.Definition and Origins of BitwayBitway is a blockchain and financial infrastructure project that seeks to create a gateway between on-chain capital and global financial markets. The team describes the project as an “internet capital gateway.”The structure has three main components. Bitway Ledger serves as the project’s independent, Bitcoin-compatible network, while Bitway Earn gives stablecoin holders access to different yield strategies. BTCT and Bitcoin lending products focus on using BTC for transfers and collateral.BTW is the native utility and governance token of the ecosystem. It is used to pay network fees, support validator staking, delegate tokens, participate in governance and fund certain product incentives. Bitway’s official documentation states that BTW connects network security with the ecosystem’s economic incentives.The term “BTW coin” is also widely used in the market. However, the version traded on exchanges exists as a BEP-20 token, while Bitway’s documents position BTW as the native economic asset of Bitway Ledger. Users should therefore verify both the network and contract address before making a transaction.What infrastructure does Bitway Chain use?The project’s independent network is called Bitway Ledger in its official documentation. Some exchange announcements refer to it as Bitway Chain. It is designed as a Bitcoin-compatible Layer 1 network using Proof of Stake consensus.According to Bitway’s open-source repository, the network uses an architecture based on Cosmos SDK and Tendermint. Validators stake BTW to participate in consensus, while token holders can delegate their assets to a validator.The Bitcoin compatibility layer aims to support existing Bitcoin address formats, including Native SegWit and Taproot. Bitway is trying to make its payment and financing products accessible to BTC holders without requiring them to learn an entirely different address structure.The version of BTW most commonly used in the market is available on BNB Smart Chain. Bitget’s initial listing announcement identified its BEP-20 contract address as 0x444045B0EE1ee319A660a5E3d604CA0ffA35ACaA. Verifying the contract is important because unrelated assets can use the same ticker on different networks.Why was Bitway created?Bitway focuses on the fragmentation of on-chain liquidity across different networks and financial products. Bitcoin has a large market value, yet it cannot be used in smart contract-based financial transactions as flexibly as assets on Ethereum and similar networks.The project wants to bring BTC and stablecoin liquidity into lending, collateralized financing, payments and yield strategies. Bitway Earn supports the stablecoin side of this model, while Bitway Ledger and BTCT focus on Bitcoin.Bitway also combines traditional financial strategies with DeFi infrastructure. On-chain records provide transparency, while some yield strategies may use off-chain markets and centralized trading platforms. This hybrid structure can improve efficiency, although it introduces custody, counterparty and strategy risks.History of Bitway: Major MilestonesBitway’s history goes back to the work of Side Protocol and Side Labs. One of its earliest clearly documented milestones was Side Labs’ $1.5 million pre-seed funding round in July 2023. Participants included HashKey Capital, KR1, Continue Capital, Symbolic Capital and Informal Systems.Side Protocol initially focused on the fragmentation of liquidity across blockchains. The project gradually shifted its direction toward Bitcoin-based payment and financing infrastructure. The team introduced the Bitway brand in August 2025 and linked its new identity to a broader on-chain finance vision.YZi Labs provided strategic support through its EASY Residency program during the same month. At this stage, Bitway positioned itself as a Layer 1 network working on Bitcoin address compatibility, gasless BTC transfers and decentralized Bitcoin lending.Another funding round followed in January 2026. Bitway raised $4.444 million in a round led by TRON DAO, with participation from HTX Ventures. Combined with the earlier pre-seed round, its publicly disclosed pre-seed and seed funding reached approximately $5.9 million.BTW launch and exchange listingsThe BTW token generation event took place on March 2, 2026. Around 2.2 billion BTW, equal to 22% of the total supply, entered circulation at the TGE.The token started trading on several platforms on the same day. Bitget opened BTW/USDT spot trading at 09:00 UTC on March 2. MEXC listed the BTW/USDT and BTW/USDC pairs, while HTX introduced BTW/USDT trading.BitMart also opened BTW/USDT trading on March 2. The token received early access and campaign support through Binance Alpha. Binance Wallet also organized a BTW Booster program before the TGE.Exchange support continued to expand during the year. Gate first introduced a derivatives product and later opened BTW/USDT spot trading on August 24, 2026. New markets can improve access, while leveraged products may also amplify short-term price movements.Integrations and current statusThroughout 2026, Bitway focused on bringing its Earn product to different wallet and trading interfaces. Bitway Absolute Return vaults were integrated into OneKey Wallet in August. Users could then direct supported stablecoins into Bitway strategies through the OneKey application.Market data shows that BTW experienced sharp price movements within a short period. The token reached an all-time low of $0.009118 on March 3, 2026. It later climbed to an all-time high of $0.7453 on August 19.Data from August 2026 showed that approximately 2.708 billion BTW were in circulation. Its maximum supply is capped at 10 billion BTW. Future token unlocks will therefore continue to increase the circulating supply.As of August 2026, the BTW price was trading around $0.40. How Does the BTW Token Work?BTW’s first function is to support the security of Bitway Ledger. Validators stake the token to produce blocks and confirm transactions. Users can also delegate their BTW to validators and participate indirectly in the consensus process.The token is used to pay transaction fees on the network. This function seeks to connect demand for applications and transfers on Bitway Ledger with demand for BTW. If network usage remains low, demand generated by transaction fees may also stay limited.Governance is another major use case. BTW holders can participate in proposals concerning network upgrades, economic parameters and the allocation of ecosystem resources. The distribution of voting power depends on token ownership and delegation.Bitway’s documents also state that staking may give users access to certain products, incentive programs or fee benefits. These utilities are not fixed, and the conditions are announced separately for each campaign. Temporary high rewards do not necessarily create lasting demand for the token.Supply distribution and tokenomicsBTW has a total and maximum supply of 10 billion tokens. According to its allocation model, 26.67% of the supply went to the community, 20% to ecosystem development and 20% to the team. Backers received 16.33%, partners received 12% and the liquidity allocation accounted for 5%. At the TGE, 22% of the total supply entered circulation. Unlocked partner and liquidity allocations represented 17% of the total supply. Another 2% came from the community allocation, while 3% came from the ecosystem allocation.The remaining community and ecosystem tokens are unlocking linearly over 41 months. This schedule prevents the entire supply from entering the market at once. It also creates a steady increase in circulating supply over several years.The team allocation has a 12-month lockup followed by 36 months of linear vesting. Backer tokens also have a 12-month lockup, followed by a 24-month linear schedule. March 2027, when team and investor tokens are expected to begin unlocking, will therefore be an important period for supply dynamics.The increase in circulating supply from 2.2 billion to approximately 2.708 billion BTW shows that the community and ecosystem schedules are already progressing. Newly unlocked tokens do not automatically enter the market for sale. However, unlocks can create price pressure if demand fails to grow at a similar pace.Staking, transactions and network securityBitway Ledger operates through PoS validators. Network security depends on the amount of BTW staked and the distribution of power across the validator set. A small number of validators controlling a large share of voting power could create centralization risks. BTCT, which enables Bitcoin to be used inside the network, relies on a FROST-based bridge operated by validators. FROST is a threshold-signature technique that distributes signing authority among several participants. When a user deposits Bitcoin, the system produces BTCT on Bitway, with the asset designed to maintain a one-to-one peg with BTC.This model makes it easier to use BTC in payment and financing applications. However, the stability of the BTCT peg depends on honest signers, properly functioning code and the bridge’s ability to withstand attacks.Bitway Lending uses Discreet Log Contracts, commonly known as DLCs. These contracts apply predetermined conditions and price data to BTC-backed loans. Users can therefore access stablecoin liquidity without selling their Bitcoin.The project has published BlockSec and Salus audit reports for different components. Its official audit page includes reports covering Bitway Chain, FROST, Shuttler, Earn and the token contract. Audits can reduce risks in specific versions of the code, but they do not guarantee protection against economic losses, counterparty failures or future code changes.Why Is Bitway Important?Bitway Earn is an on-chain vault product that connects stablecoin holders with market-neutral yield strategies. Users deposit supported stablecoins and receive yield-bearing tokens representing their share of the vault. The strategies can use methods such as funding-rate arbitrage and differences between spot and futures prices.The product reduces the need for users to manage individual positions. Some returns may be generated through centralized trading platforms or off-chain financial channels. Smart contract security is therefore only one part of the risk profile; exchange, custody, liquidity and operational risks can also affect results.BTCT provides the technical connection that moves Bitcoin liquidity into Bitway Ledger. Bitcoin Lending aims to let users borrow stablecoins against BTC collateral. When these products work together, users can access different financial services without selling their Bitcoin positions. BTCT validators The problem it addresses and its place in the ecosystemBitcoin-focused DeFi often depends on custodians, wrapped tokens or external bridges. Bitway combines Bitcoin address compatibility, FROST-based BTCT and DLC-powered loans within the same infrastructure. The project wants to create a simpler experience for BTC holders.Its approach sits at the intersection of BTCFi, DeFi and real-world financial strategies. This is a broad market where projects such as Babylon, Stacks and Rootstock use different technical architectures. Bitway’s position will depend on its ability to attract real users and liquidity alongside developing its technology.Bitway Earn provides an entry point for users who do not hold Bitcoin. Stablecoin holders can first enter the ecosystem through yield products. As the network develops, Bitway plans to connect this liquidity with payment and lending markets.This structure remains at an early stage. Its ability to scale needs to be measured through product usage and on-chain data.Competition, technical risks and volatilityBitway combines several complex layers in one system. Its PoS network, BTC bridge, price oracles, lending contracts and off-chain yield strategies create different attack surfaces. A problem in one component could affect liquidity across other products.FROST-based threshold signatures reduce reliance on a single custodian. Validator concentration or coordinated action by enough signers could still weaken bridge security. A stablecoin losing its peg could also produce additional losses in Earn and lending pools.Tokenomics creates another risk. Around 27% of the maximum supply was in circulation as of August 2026. The market will need to absorb a larger supply as team, backer, community and ecosystem allocations continue to unlock.The wide gap between BTW’s March low and August high shows how its low starting price and campaign activity have increased volatility. Derivatives listings and reward programs can generate short-term trading volume. Sustainable value will depend on network usage, demand for loans, assets held in vaults and consistent developer activity.The regulatory environment also requires attention. Bitcoin-backed loans, stablecoin yields and real-world financial strategies may face different rules across jurisdictions. Technical access to a product does not mean it is offered under the same legal conditions in every country.Bitway’s Development Team and CommunityThe core organization behind Bitway is referred to as Side Labs and Bitway Labs across different sources. Shane Qiu’s public profile identifies him as the founder of Bitway. Messari and CryptoRank list Qiu as the project’s co-founder and CEO.Qiu previously worked on research and investments at Binance Labs. CTO Dave Hrycyszyn leads the project’s technical development. Hrycyszyn’s background includes privacy and distributed systems projects such as Nym and Chainspace.The team has an open-source history extending back to Side Protocol. Bitway’s GitHub repository makes its network, Bitcoin, lending and API modules publicly available. However, public documents do not provide a detailed list of every team member, their responsibilities or the full corporate structure.Community and governanceThe Bitway community is growing around X, Telegram, wallet campaigns and staking programs. Binance Wallet Booster events and temporary yield campaigns played a significant role in reaching the token’s early user base.Incentives can attract participants quickly. Organic community strength is better measured through users who remain after campaigns end, governance participation and consistent on-chain activity. Follower numbers alone do not provide a complete picture.Under the PoS structure, BTW holders can influence validator selection through delegation. Governance proposals also allow the community to participate in changes to network parameters. If voting power becomes concentrated among large token holders, the influence of smaller participants may remain limited.Partnerships and integrationsBitway’s network of backers expanded over different funding rounds. Side Labs’ 2023 round included HashKey Capital, KR1, Symbolic Capital and Informal Systems. YZi Labs provided strategic support during the Bitway era, while TRON DAO and HTX Ventures participated in the 2026 seed round.Binance Wallet supported BTW’s pre-TGE distribution and campaign process. Bitget, MEXC, HTX and BitMart were among its first trading platforms. The Gate spot listing and OneKey Vault integration expanded access in August 2026.The OneKey integration allows users to access Bitway Absolute Return vaults directly through the wallet. The long-term effect of these integrations will depend on lasting deposits and active users rather than temporary campaign volume.Frequently Asked QuestionsBelow are answers to some of the most frequently asked questions about Bitway.What is Bitway and when was it launched?: Bitway is a Layer 1 and financial infrastructure project that seeks to connect on-chain liquidity with Bitcoin financing and global yield strategies. Its origins go back to Side Protocol, which raised funding in 2023. The Bitway brand was introduced in August 2025, while the BTW token entered circulation on March 2, 2026.What is the BTW token used for?: BTW is used for gas payments, validator staking, delegation and governance on Bitway Ledger. The token may also support temporary rewards, product access and ecosystem incentives. The conditions for these additional utilities vary by campaign.Which network does Bitway use?: Bitway operates an independent Proof of Stake Layer 1 called Bitway Ledger. The network is based on Cosmos SDK and aims to support Bitcoin-compatible addresses. The most widely used exchange version of BTW is available as a BEP-20 token on BNB Smart Chain, while market data platforms also list an Ethereum contract.Who founded Bitway?: Public profiles identify Shane Qiu as Bitway’s co-founder and CEO. Qiu previously worked at Binance Labs. Dave Hrycyszyn leads technical development as CTO, although official documents do not provide a complete team list.What is the BTW supply?: BTW has a total and maximum supply of 10 billion tokens. Around 2.2 billion BTW entered circulation at the TGE. Data showed a circulating supply of approximately 2.708 billion BTW as of August 31, 2026.Is Bitway suitable for investment?: Whether Bitway is suitable depends on an individual’s risk tolerance and research. The project has operating products, open-source code, audit reports and known backers. Its early-stage network usage, bridge and counterparty risks, high price volatility and future token unlocks require careful consideration.Follow the JR Kripto Guide series for the latest information about Bitway and emerging projects across the crypto ecosystem.
What is Starpower (STAR)?
A resource capable of supporting the power grid may be as close as a home air conditioner or an electric vehicle. Starpower aims to bring these scattered devices together within a single energy network and reward contributing users with STAR tokens. The project applies the DePIN model, which combines physical infrastructure with blockchain-based incentives, to virtual power plants.Starpower’s Definition and HistoryStarpower is a decentralized energy network that connects devices capable of consuming, producing or storing electricity. Distributed energy resources such as air conditioners, water heaters, home batteries, solar panels and electric vehicles can join the network through hardware or software.The system collects data from these devices and seeks to coordinate energy use according to specific requirements. Users can earn STAR rewards based on their devices’ connectivity, capacity and response to grid signals. The project is built around the Virtual Power Plant, or VPP, model. Instead of relying on a single physical facility, a VPP uses software to manage smaller energy resources located in different places as one coordinated system.Starpower aims to provide a global communication and coordination layer within this model. Local energy companies or VPP service providers may use the devices aggregated by the network to address regional grid requirements.Why was the project created?Renewable sources such as solar and wind do not produce the same amount of electricity every hour. Periods of high generation can create excess supply, while lower output can leave an energy shortfall. This variability makes it more difficult for power grids to maintain a constant balance between supply and demand.Starpower seeks to combine unused battery capacity and flexible electricity consumption within a shared pool. For example, charging thousands of electric vehicles or home batteries at suitable times can reduce pressure during peak hours. Returning stored electricity to the system may also provide additional grid support.The project’s documents identify the rising electricity demand of artificial intelligence infrastructure as a second major challenge. Starpower therefore describes itself as an “Energy DePIN for AI” and is also working on fast-response battery systems.This approach extends beyond token rewards. The project aims to measure energy data, connect devices from different manufacturers through common standards and expand demand-side participation. Its success will depend on the scale of real device integrations and connections to local energy markets.Major developments and current statusStarpower’s product roadmap places its initial hardware development phase between 2023 and 2025. This phase focused on products such as smart plugs, home energy storage systems and electric vehicle chargers. The 2024-2026 period is allocated to direct API integrations with manufacturers.The project raised $2.5 million in a funding round led by Framework Ventures in January 2025. Solana Ventures and Bitscale Capital also participated. Together with an earlier $1.5 million round led by Alliance DAO, the disclosed funding reached $4 million.According to market records, the STAR token generation event took place on September 6, 2025, through Binance Wallet and PancakeSwap. Binance later made STAR available through its Alpha service and held a trading and deposit campaign for the token in December 2025.Binance Futures launched the STARUSDT perpetual contract with leverage of up to 3x on May 14, 2026. The Binance announcement specifically noted that futures and spot listings are separate. The launch therefore did not mean that STAR had been listed on Binance Spot.KuCoin opened STAR/USDT spot trading on May 27, 2026, and supported deposits through the Solana SPL network. The KuCoin listing announcement also confirmed that Alliance, Framework Ventures and Solana Ventures participated in the project’s previous funding rounds.Starpower’s website states that the project has reached more than one million users and generated over $2 million in revenue. These figures were disclosed by Starpower; a detailed and independently verified current audit of its active users, connected devices and revenue calculation methodology has not been published.As of August 2026, the STAR coin price was trading at around $0.11. How Does the STAR Token Work?STAR is described as the utility token of the Starpower network. Its main intended function is to purchase dispatch and coordination services involving the distributed energy resources aggregated by the network. Energy companies or VPP providers may request that certain devices reduce their consumption or make stored electricity available.The token also underpins the incentives offered to device owners. During the first stage, the system uses a Proof of Connectivity model that rewards devices for remaining connected to the network. Proof of Capacity is introduced in later stages to measure electricity generation, consumption or storage capacity.The final stage is called Proof of Response. Under this model, rewards depend on whether a device responds to a VPP signal in a timely and verifiable way. These “proof” mechanisms do not replace Solana’s consensus system; they describe how contributions and rewards are calculated within Starpower.Connected devices report data every five minutes. Under the reward model, verified connectivity and electricity usage data are calculated over weekly periods. Weekly measurement is intended to reduce the effect of daily fluctuations and differences between weekday and weekend consumption.STAR supply and tokenomicsThe Starpower lite paper limits the total supply to one billion STAR. A 70% share is allocated to “network builders,” referring to device owners and other network participants rather than solely the founders of the company. Investors receive 15%, while another 15% is allocated to the team. Investor tokens remain locked for the first 12 months after the TGE. They are then released linearly over 36 months. The team allocation has a 24-month lock, followed by a 36-month linear vesting schedule.This schedule means that the number of tokens entering the market can increase over time. Market data showed approximately 186.2 million STAR in circulation when this guide was prepared, compared with a maximum supply of one billion.The project’s documents also outline a buyback and burn model. A portion of the revenue from electricity bill payments, device sales, network licences and SaaS services is intended to fund STAR buybacks. However, while the burn mechanism describes the proposed structure, it does not provide a regular and verifiable total for completed burns.Network, transactions and securityStarpower uses Solana infrastructure for its energy device network. The official website and KuCoin announcement identify STARqri3xhy6Pyv1EpgdjkPDVcs9FncKcaEP6527krs as the STAR contract on Solana. The project’s BNB Smart Chain contract is 0x8fce7206E3043DD360F115AFa956EE31b90B787C.STAR can therefore be found across both the Solana and BNB Chain ecosystems. Users should verify the selected network and contract address through the project’s official channels before making a transaction. Unrelated tokens using the same ticker could otherwise be mistaken for the correct asset.Solana provides the token transfer and on-chain record layer. Starpower’s primary technical task is to obtain reliable data from physical devices, verify it and connect it to reward calculations. Smart contracts can protect on-chain transactions, but they cannot independently resolve real-world risks such as faulty sensors, interrupted connections or manipulated device data.The project is working on direct manufacturer integrations and a trusted-chip approach that assigns a unique Solana identity to each device. The integration plan aims to reduce latency and improve data reliability.Why Is Starpower Important?Power grids must keep electricity generation and consumption balanced in real time. As the share of renewable energy grows, weather-dependent production fluctuations become more visible. At the same time, data centres, electric vehicles and electric heating systems are increasing demand.Distributed energy resources can help address part of this problem. Managing small devices across different brands and regions one by one remains costly, however. Starpower seeks to bring large numbers of devices together through a shared communication layer.If the network reaches sufficient scale, home batteries, air conditioners and charging devices could respond collectively to grid requirements. Users may shift consumption to cheaper hours, while VPP operators could access scattered capacity through a single system. Some of VPP operators. Its place in the energy and DePIN ecosystemDePIN projects use token incentives to develop physical infrastructure. While some networks focus on wireless connectivity, mapping or data collection, Starpower directly targets energy devices. This field involves local regulations and physical hardware, making it more complex than crypto projects built entirely around software.Starpower’s product range includes the Starplug smart plug, Starbattery storage system, Starcharger electric vehicle charging solution and a dApp for managing connected devices. The product documents highlight functions such as real-time consumption monitoring, remote control and scheduling around off-peak hours.The project also plans to offer consumer energy SaaS products and demand-response services for power grids. Its revenue model is therefore intended to draw from device sales, software and energy services instead of relying solely on demand for the token.Starpower’s proposed distinction lies in aggregating devices globally while working with regional VPP companies. Energy trading and grid services remain subject to local rules, meaning a global network is unlikely to replace local operations on its own.Risks and volatilityAs an early-stage infrastructure project, Starpower carries considerable execution risk. Scaling the manufacturer integrations, device network and commercial connections with energy companies outlined in its roadmap may take time. The company’s user and revenue figures are not regularly verified through independent reports.Token unlocks also require close attention. Investor and team allocations entering circulation over time may create selling pressure. Planned buybacks and burns can provide a counterweight only if the project generates real revenue and documents implementation transparently.STAR has more limited market depth than major crypto assets. When this guide was prepared, CoinGecko showed that most spot volume was concentrated in a single decentralized trading pair on BNB Chain. Limited liquidity can allow orders to move the price more quickly and contribute to sharp fluctuations.Derivatives may add further volatility. The availability of a STARUSDT contract on Binance does not mean that the token is listed on Binance Spot. Investors should distinguish between Alpha, spot and futures products.Technical risks include smart contracts, bridges, device security and data accuracy. Energy data may reveal sensitive information about users’ consumption habits. Privacy, access controls and hardware security will therefore play an important role in the network’s long-term reliability.Starpower’s Development Team and CommunityPublic sources identify Laser Ding as Starpower’s CEO and co-founder. Darcy Jia is presented as the project’s other co-founder. During a Solana DePIN discussion in 2024, Ding said he had previously worked at HashKey and that the team had been developing Starpower for around two years.The official lite paper divides the organization into two entities. The Starpower Foundation is responsible for network governance and rewards. Starpower Network Ltd. handles the network’s initial development and subsequent operations.The project says it works with manufacturers’ technical teams on battery research. Its documents name WEIHENG/ECACTUS as a research and battery partner. The work focuses on solid-state batteries, lithium-silicon anodes and battery management systems capable of responding within milliseconds. Solid-state batteries and lithium-silicon anodes aim to store more energy in less space while improving safety. A millisecond-response battery management system can quickly detect sudden changes in load and temperature, supporting more balanced energy use in power grids and data centres.Public information about the wider development team, division of responsibilities and open-source contributions remains limited. Alongside the founders, technical team visibility, code updates and completed hardware integrations are important points to monitor when assessing an infrastructure project.Community and governanceStarpower positions users as participants who connect devices to the network, rather than solely as token holders. Its intended audience includes individuals as well as hotels, shopping centres, universities, industrial facilities and large property operators.According to the community and governance plan, technical development and daily operations are intended to become more decentralized as the network matures. This remains a forward-looking objective and does not mean that Starpower is currently governed entirely by its community.One existing participation channel is the Zero Carbon Ambassador program. Local ambassadors conduct community activities related to renewable energy and energy efficiency. The project also plans to provide financial support for eligible initiatives.The governance section does not yet present a detailed system explaining which decisions STAR holders can change or how voting would work. STAR is therefore more accurately described primarily as an incentive and service token, rather than as a fully operational governance token.Partnerships and use casesStarpower’s growth model depends on integrations with hardware manufacturers, VPP operators and energy companies. The project plans to connect third-party devices through APIs and later embed trusted chips directly into hardware.The lite paper lists Tesla, BYD, SolarEdge and FranklinWH as examples of widely used manufacturers the network aims to support. Their inclusion in the document does not mean that completed commercial partnerships exist with each company.Practical use cases begin with household energy monitoring. Commercial buildings may connect lighting and climate-control systems, industrial facilities may add high-power equipment, while electric vehicles and charging stations can participate through the transport sector.At a more advanced stage, these resources may participate in demand-response programs. Reducing consumption for a short period or supplying electricity from a battery during grid congestion can create economic value. STAR aims to distribute this value among device owners, the network and service buyers.Frequently Asked Questions (FAQ)Below are answers to some frequently asked questions about Starpower (STAR):What is Starpower and when was it launched?: Starpower is a DePIN project that brings distributed energy devices together for virtual power plants. Its development roadmap points to a hardware phase beginning in 2023, while the STAR token generation event took place on September 6, 2025.What is the STAR token used for?: STAR rewards users who connect energy devices and make verified contributions to the network. It is also intended to support payments for dispatch and coordination services involving the distributed energy resources aggregated by Starpower.Which network does Starpower use?: Starpower’s core blockchain infrastructure is built around Solana. Alongside the Solana SPL version, STAR also has a verified contract on BNB Smart Chain.Who founded Starpower?: Public sources identify Laser Ding as CEO and co-founder, with Darcy Jia as the other co-founder. The Starpower Foundation and Starpower Network Ltd. hold separate responsibilities in the project’s operations.What is the STAR supply?: The official lite paper sets the total and maximum supply at one billion STAR. Data showed approximately 186.2 million tokens in circulation when this guide was prepared, although the circulating amount may change through unlocks and other distributions.Is Starpower suitable as an investment?: The answer depends on an investor’s risk tolerance, portfolio and independent research. STAR may experience high volatility due to early-stage project risk, limited liquidity, token unlocks, hardware execution and energy-sector regulations. Current supply, contract addresses, liquidity and project developments should be reviewed separately before any transaction.Follow the JR Kripto Guide series to track Starpower’s decentralized energy network, virtual power plant model and the latest STAR token developments.
Trump-Linked Crypto Products Leave Investors $4.7 Billion in Loss
Five crypto products linked to Donald Trump have left investors billions of dollars in the red. Public Citizen estimates combined losses at at least $4.7 billion.The report covers TRUMP, WLFI, Trump NFTs, USD1 and Trump Media. Most of the losses remain unrealized.Therefore, the total does not represent finalized cash losses. Changes in asset prices could increase or reduce the estimated amount.Public Citizen also estimates that Trump earned at least $1.4 billion from crypto activities in 2025. The group based its calculation on Trump’s latest financial disclosure.TRUMP investors face $3.2 billion in lossesAccording to the Public Citizen report, TRUMP memecoin investors suffered the largest losses. Nansen examined decentralized exchange transactions on Solana.Around 1.6 million retail wallets bought TRUMP after its launch. Approximately 1 million of those wallets are underwater at current prices.Their combined losses reached an estimated $3.2 billion. Only about $400 million had been realized through sales. TRUMP launched on Jan. 17, 2025. Its price reached an all-time high of $73.43 within two days.However, the token had fallen to $2.22 during the period covered by the report. The decline generated heavy losses for buyers who entered the market later.Meanwhile, gains were concentrated among a limited number of early investors. Wallets that bought during the first two days captured nearly 90% of total gains.The top 1% of profitable wallets earned $2.7 billion. This represented 80% of all profits generated through TRUMP trading.WLFI losses reach at least $1 billionWLFI, issued by World Liberty Financial, represented the report’s second-largest source of losses. Public Citizen estimated losses of at least $1 billion.A large portion came from Nasdaq-listed AI Financial Corporation. The company acquired around 7.28 billion WLFI in August 2025.According to the company’s SEC filing, the tokens had a cost basis of nearly $1.46 billion. Their fair value had fallen to $421.3 million by late June.The company therefore faced an unrealized loss of approximately $1.04 billion. Public Citizen also examined retail wallets trading on decentralized exchanges.Nansen data showed that 25,000 of 31,000 WLFI wallets were underwater. Their combined losses reached $54 million.The calculation does not cover transactions on centralized exchanges such as Binance. Investor results on these platforms cannot be fully tracked through on-chain data.Trump Media’s Bitcoin loss reaches $450 millionThe report also included Trump Media’s Bitcoin reserve. The company held 9,477 Bitcoin as of June 30.The holdings had a total cost basis of approximately $1.006 billion. Their market value stood at $557 million on the same date.This left Trump Media with an unrealized Bitcoin loss of around $450 million. Public Citizen did not attribute the entire decline in its share price to the crypto strategy.Trump Media’s market value fell by approximately $3.1 billion after the strategy was announced. The report counted only the $450 million difference in the Bitcoin position.NFT investors lose $9.3 millionPublic Citizen estimated losses of at least $9.3 million across Trump Digital Trading Cards collections. Three collections initially generated a combined $12.3 million in sales.The group estimated their current combined value at around $3 million. Series 3 was excluded because of insufficient trading activity.The report assigned no losses to USD1 holders. The stablecoin maintained its one-dollar peg during the period examined.Trump’s crypto income exceeds $1.4 billionPublic Citizen estimated Trump’s 2025 crypto income at no less than $1.4 billion. TRUMP and World Liberty Financial were among the largest sources.According to the report, Trump earned $635 million from TRUMP-related licensing fees. His income from WLFI token sales reached $527 million.Trump also reported $65.6 million from selling an equity stake in World Liberty Financial. Public Citizen said it found no evidence that he invested personal capital in these ventures.However, the $4.7 billion figure does not represent a market-wide net loss. The calculation adds losses among underwater wallets without subtracting profits recorded by winning investors.The White House has previously denied that Trump or his family engaged in conflicts of interest. The administration continues to reject similar allegations.
Upbit, Bithumb and Binance Announce Decisions Affecting 7 Assets
Upbit, Bithumb and Binance announced new trading decisions affecting spot and derivatives markets. The South Korean exchanges tightened restrictions on SNX and ICX.Upbit and Bithumb will delist Synthetix in September. Both exchanges also placed ICON on their investment warning lists.Binance, meanwhile, launched TradFi perpetual contracts linked to five US stocks. The platform offers leverage of up to 20x on the new contracts.Upbit and Bithumb to delist SNXAccording to Upbit’s announcement, the exchange will delist the SNX/BTC pair on September 28. Trading will end at 3:00 p.m. KST, or 9:00 a.m. Turkey time.The exchange reviewed changes to SNX’s total supply and circulation plans. It also examined the project’s activity and long-term sustainability.Upbit concluded that the remaining shortcomings could pose risks to users. The project’s explanations failed to resolve the concerns behind its warning status.Bithumb will also end SNX trading on the same date and at the same time. The exchange said the project team’s explanations did not adequately address its concerns.Both platforms will support SNX withdrawals until October 28. They will cancel all open orders after trading ends.Users may need to register external wallet addresses in advance. Whitelisting reviews can take time, making early preparation important.ICX placed on investment warning listsThe second joint decision from Upbit and Bithumb involved ICON. Both exchanges placed ICX on their investment warning lists on August 28.Upbit will keep the ICX/KRW pair under review until the third week of September. The exchange expects to complete its assessment between September 14 and September 18.The exchanges identified an unresolved security incident involving infrastructure connected to ICX. Their notices pointed to the project’s wallet or distributed ledger systems.Bithumb said the cause of the incident remained unclear. The platform added that the security issue had yet to be fully resolved.Both exchanges suspended ICX deposits and withdrawals. Deposits made during the suspension may not reach user accounts.Neither exchange has issued a final delisting decision for ICX. Following their reviews, they may remove the warning, extend it or end trading support.Binance launches five TradFi contractsBinance Futures launched five USDT-margined TradFi perpetual contracts on August 28. The new products are TEMUSDT, MRKUSDT, IONQUSDT, MARAUSDT and PDDUSDT.The contracts track Tempus AI, Merck, IonQ, MARA Holdings and PDD Holdings. They went live between noon and 12:20 p.m. Turkey time.Binance offers leverage of up to 20x on each contract. The exchange set the minimum order value at 5 USDT.Funding payments settle every eight hours. The upper and lower funding rate limits stand at plus or minus 2%.The TradFi contracts are available around the clock, seven days a week. Binance may adjust leverage and margin requirements according to market conditions.These products are derivatives tied to the price movements of the underlying companies. Buying a contract does not give investors direct ownership of the corresponding shares.The decisions reflect two different directions among major crypto exchanges. Upbit and Bithumb increased their risk controls on selected altcoins.Binance expanded its range of products linked to traditional financial assets. September deadlines remain important for SNX and ICX holders, while the leveraged contracts carry elevated liquidation risk.
Bitcoin Holds Near $80K Ahead of Warsh’s Jackson Hole Speech
Bitcoin is holding near the $80,000 mark ahead of Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech. The altcoin market is also trading higher, led by a strong rally in Solana.Warsh will speak on Friday, August 28, at 10 a.m. ET. Markets will watch his comments on interest rates and the Fed’s approach to the Treasury market.The speech comes after the U.S. Treasury expanded its long-term bond-buyback program. The Fed’s response could affect crypto prices through movements in the dollar and Treasury yields.Why Warsh’s speech matters for BitcoinAccording to the Federal Reserve’s official calendar, Warsh will deliver keynote remarks at the Jackson Hole Economic Policy Symposium. This will be his first Jackson Hole speech since becoming Fed Chair in May.Markets expect Warsh to provide signals about the future path of interest rates. His comments on balance sheet policy and long-term Treasury yields could prove more significant.The U.S. Treasury announced an expansion of its long-term bond buybacks on August 19. The decision came as the 30-year Treasury yield approached its highest level since 2007.According to the Treasury Department, the maximum size of each operation will rise from $2 billion to at least $4 billion. The higher amounts will apply from September 9 through November 4.The program covers nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity sectors. The Treasury aims to improve market liquidity for older and less actively traded securities.Treasury buybacks are separate from QETreasury buybacks do not directly represent quantitative easing. The program does not expand the Fed’s balance sheet or create new central bank reserves.Investors still interpreted the decision as an attempt to limit long-term borrowing costs. Expectations strengthened around the possibility that the Fed could eventually support the bond market.Fidelity Director of Global Macro Jurrien Timmer said markets were beginning to price in the risk of fiscal dominance. He argued that the Treasury may need to expand the program further to keep yields under control.Such a scenario could increase pressure on the Fed to support the operations. Timmer said this development would likely weaken the dollar while supporting gold and Bitcoin.Bitcoin trades close to $80,000Bitcoin was trading at around $79,979 at the time of writing. BTC gained 1.42% over the previous 24 hours and 6.09% over seven days.Bitcoin’s market capitalization exceeded $1.6 trillion. Its daily trading volume stood at approximately $37.9 billion.Demand for spot Bitcoin ETFs also supported the price. Market data showed that U.S. funds recorded $2.8 billion in net inflows across eight consecutive trading sessions.Bitcoin climbed as high as $81,280 during overnight trading. Profit-taking ahead of Warsh’s speech later pulled the price back toward $80,000.Solana leads the altcoin marketSolana recorded the strongest move among major altcoins. SOL gained 6.40% in 24 hours to trade at $107.64.Solana’s seven-day gain reached 19.61%. HYPE traded at $83.31 after rising 14.56% over the same period.XRP advanced 1.52% to $1.43. The token gained 9.59% during the past seven days. BNB traded at $712.65, while Ethereum changed hands near $2,501. BNB gained 6.71% for the week, compared with Ethereum’s 5.67% increase.Dogecoin rose 1.44% to approximately $0.088. Zcash stood out among major altcoins with a weekly gain of 32.51%.Warsh’s remarks could create two market scenariosWarsh could weaken market expectations by describing the Treasury buybacks as routine liquidity operations. A clear statement ruling out Fed participation may push the dollar and long-term yields higher.Under this scenario, profit-taking around Bitcoin’s $80,000 level could accelerate. Altcoins may experience larger price swings because of their higher volatility.Leaving room for possible coordination with the Treasury would create a different outlook. Expectations for lower yields and a weaker dollar could extend Bitcoin’s rally.BNY analysts do not expect Warsh to offer direct forward guidance. They believe his speech may focus on the Fed’s reform agenda and balance sheet policy.
Charles Schwab to Add SOL, AVAX and LINK Trading
Charles Schwab will expand its spot cryptocurrency service with three additional altcoins. The company plans to introduce Solana, Avalanche and Chainlink support in the coming months.Schwab Crypto clients will be able to buy and sell SOL, AVAX and LINK. The platform currently provides direct access to Bitcoin and Ethereum trading.The company did not announce an exact launch date for the three assets. Schwab also plans to expand the number of supported digital assets over time.Once the new assets become available, the platform will support five cryptocurrencies. Clients will view them alongside their existing Schwab investments.Charles Schwab adds three altcoins to its platformAccording to Charles Schwab’s announcement, the additions include Solana, Avalanche and Chainlink. The company selected established assets that align with client demand.Schwab Crypto began its phased rollout to retail clients in May 2026. The initial service supported only Bitcoin and Ethereum.Joe Vietri, Head of Digital Assets at Charles Schwab, said the expansion would give clients more choices. Investors will be able to manage digital assets alongside their other investments.Schwab Crypto is available through Schwab.com, Schwab Mobile and thinkorswim. Clients can view cryptocurrencies and traditional investments on the same platforms.The company charges 0.75% of the dollar value of each cryptocurrency trade. Schwab also offers digital asset research and educational content.Clients can access 24/7 support by phone or online chat. However, Schwab may delay support for any announced asset when necessary.The company could base such a decision on regulatory, operational, market or risk-related developments. Schwab may also modify or withdraw support under the same conditions.Schwab’s banking division holds the crypto assetsSchwab Crypto operates through an account separate from a standard brokerage account. The crypto account links directly to the client’s existing Schwab brokerage account.Charles Schwab Premier Bank acts as the custodian of client digital assets. Paxos provides sub-custody and trade execution services.Paxos operates under the oversight of the US Office of the Comptroller of the Currency. Schwab uses this infrastructure to integrate cryptocurrency trading with its traditional financial platforms.Cryptocurrencies held through the service do not qualify as deposits. They therefore receive no FDIC insurance or SIPC investor protection.Schwab Crypto accounts are available in every US state except New York and Louisiana. The service is unavailable in US territories and international jurisdictions.The company also notes that every client may not qualify for an account. Charles Schwab Premier Bank reviews each application.Schwab serves nearly 40 million brokerage accountsCharles Schwab’s July figures demonstrate the company’s scale. The firm had 39.9 million active brokerage accounts as of July 31.Total client assets reached $13.04 trillion during the same period. This scale could give the new altcoins access to a broad investor base.Schwab previously said its clients held approximately 20% of spot cryptocurrency exchange-traded products. The company has started addressing this demand through direct spot trading.The announcement coincided with gains across all three cryptocurrencies. Market data showed SOL trading near $104.50 at the time of writing.SOL gained approximately 8.5% over the previous 24 hours. LINK climbed 4.7% to reach $11.80.AVAX rose 1.8% and traded near $7.43. The broader cryptocurrency market also remained positive during the same period.
Revolut Rolls Out Its Euro-Backed Stablecoin
Revolut has begun the phased rollout of EURR, its first euro-pegged stablecoin. The initial launch covers selected customers in Denmark, Poland, and Portugal.EURR is designed to maintain a value of one euro. Users will be able to move between euros, cryptocurrencies, and external wallets through the token.The stablecoin currently operates on Ethereum and Polygon. Revolut plans to expand the product to other European Economic Area countries later in 2026.EURR is not issued directly by RevolutAlthough EURR carries Revolut’s branding, Stripe-owned Bridge Building S.A. serves as the token’s legal issuer. Revolut handles the stablecoin’s distribution and app integration.Luxembourg-based Bridge holds an electronic money institution licence from the country’s financial regulator, CSSF. The company also operates as a crypto-asset service provider.Revolut Digital Assets Europe Ltd offers EURR to customers. The company holds a licence in Cyprus under the European Union’s Markets in Crypto-Assets regulation, known as MiCA.According to Revolut’s announcement, EURR will be fully integrated into the company’s retail app. The project also represents the first step in Revolut’s broader stablecoin strategy.The company is developing additional stablecoins pegged to other currencies. These products will follow separate regulatory approval processes.Each EURR will have one euro in reservesBridge will hold one euro or an equivalent amount of euro-denominated assets for every EURR in circulation. The company will keep these reserves in accounts separate from its corporate funds.Bridge’s reserve page showed that only 374 EURR were in circulation as of August 25. The reserves consisted entirely of €374 in cash deposits held at financial institutions.The small amount shows that EURR remains available to a limited group of users. The token has no fixed maximum supply; Bridge can issue additional EURR based on demand.The company said independent accounting firms will review the reserves every month. These reviews will determine whether the reserve value matches or exceeds the number of tokens in circulation.The MiCA document listed August 20 as the official start date of EURR’s public offering. Revolut announced the phased customer rollout on August 26.EURR launches with Ethereum and Polygon supportEURR is currently available on Ethereum and Polygon. Revolut aims to expand the stablecoin to external wallets and additional blockchain networks.The white paper lists Solana, Arbitrum, and Optimism among the planned networks. Avalanche, Injective, TON, and Sui also appear on the support list.However, Revolut has not disclosed when support for these networks will begin. EURR’s liquidity also remains highly limited during the initial rollout.The token will provide a direct bridge between euros and the cryptocurrency market within the Revolut app. Users will therefore be able to access on-chain services without first converting euros into a dollar-backed stablecoin.Revolut also plans to make EURR available on the Revolut X platform. The white paper states that Revolut Digital Assets Europe may add the token to the platform.EURR holders will be able to redeem tokens for eurosEURR holders will be able to redeem their tokens for euros at a one-to-one rate through issuer Bridge. The company will not charge a direct redemption fee.Users must first complete Bridge’s identity and compliance checks. They must also provide a valid IBAN from within the European Economic Area.Bridge says it will transfer approved redemptions to users’ bank accounts within two business days. The company can also freeze addresses linked to sanctions lists or suspicious activity.EURR will not pay interest to holders. Even if Bridge generates income from the reserves, it will not distribute those earnings to token holders.The stablecoin does not qualify as a bank deposit. Deposit guarantee and investor compensation schemes will therefore not cover EURR balances.Revolut will use its distribution reach in the stablecoin marketRevolut has more than 80 million retail customers worldwide. Over 16 million people use the company’s cryptocurrency services.This user base could give EURR a significant distribution channel against existing euro stablecoins. However, the project’s success will depend on broader European availability, on-chain liquidity, and integrations with external platforms.Revolut aims to use EURR for international transfers, business payments, and on-chain settlement. The initial launch across only three countries and a limited customer group shows that the product remains at a pilot scale.Meta Title: Revolut Rolls Out Euro Stablecoin EURRMeta Description: Revolut has rolled out euro-backed stablecoin EURR. The Ethereum and Polygon-based token is issued by Stripe-owned Bridge.Keywords: Revolut, EURR, Revolut Euro, euro stablecoin, Bridge, Stripe, MiCA, Ethereum, Polygon
DeFi Protocol Acquires 5.4% of Centrifuge Supply
Grove, a DeFi protocol within the Sky ecosystem, has made a strategic investment in real-world asset platform Centrifuge. The protocol acquired 37.8 million CFG tokens, securing a significant stake.The holding represents approximately 5.4% of Centrifuge’s total CFG supply. Based on circulating supply, Grove’s share exceeds 6.5%.According to Grove’s official announcement, the investment will strengthen the projects’ long-term partnership. Grove has also deployed more than $1.27 billion through Centrifuge’s infrastructure.The parties did not disclose the purchase price or execution venue. Grove described the 37.8 million CFG holding as an “initial position.”Grove acquires 37.8 million CFGCFG traded at approximately $0.136 at the time of writing. This price values Grove’s token position at roughly $5.2 million. However, this figure does not represent the investment’s actual cost. Grove may have acquired the tokens at different prices or through a private agreement.Centrifuge’s total supply currently stands at approximately 697 million CFG. Its circulating supply sits near 577.1 million tokens.Grove therefore controls around 5.4% of the total supply. The protocol also holds approximately 6.55% of the circulating supply.This position makes Grove one of the significant CFG holders within the Centrifuge ecosystem. The announcement did not provide details about its potential influence on governance.Grove and Centrifuge partnership reaches $1.27 billionThe relationship between Grove and Centrifuge did not begin with this investment. The projects have worked on tokenized credit products since the MakerDAO era.Grove uses Centrifuge infrastructure across several institutional products. These products include Apollo’s ACRDX fund.The JAAA and JTRSY funds managed by Janus Henderson also use Centrifuge infrastructure. Grove directs liquidity from the Sky ecosystem into these products.Grove serves as the Sky ecosystem’s institutional credit allocation layer. The protocol directs USDS liquidity into onchain and traditional credit strategies.Grove’s website currently shows $2.76 billion in total value locked. The protocol also manages 18 active capital allocations.Centrifuge provides infrastructure for tokenizing funds and other real-world assets. Grove brings capital and liquidity to these products.RWA market surpasses $38 billionGrove highlighted the growth of the tokenized asset market when explaining its investment. According to the protocol, the sector stood at $12 billion in June 2025.That figure exceeded $38 billion by August 2026. Centrifuge’s total value locked also increased sharply during the same period.The platform’s TVL climbed from $450 million to $1.64 billion. This growth placed Centrifuge among the leading institutional RWA infrastructure providers.Grove Labs CEO Mark Phillips said the two teams had worked together for years. Phillips added that Centrifuge’s infrastructure had supported Grove since its first capital allocation.Timing of the Centrifuge investment draws attentionThe investment arrived while Centrifuge was discussing changes to its token structure. The project submitted the CP172 governance proposal on August 17.The CP172 proposal would allow eligible CFG holders to acquire company shares. The plan proposes one company share for each CFG token.The proposal does not represent a final decision. The Centrifuge community is evaluating the plan during a 14-day consultation period.Implementation would also require foundation board approval and a community vote. Grove has not said whether it plans to convert its CFG tokens into equity.CFG declined approximately 5% over the past 24 hours. The token’s seven-day loss exceeded 16%.
Lisk DAO to Shut Down: 100 Million LSK to Be Burned
The Lisk team has launched an onchain vote to wind down the Lisk DAO. The proposal calls for burning 100 million LSK and reducing the token’s total supply by 25%.The plan also includes transferring approximately 47 million LSK from the DAO treasury to Lisk Ltd. Meanwhile, the Lisk Chain will shut down completely on October 31, 2026.The Lisk price showed volatility following the announcement. According to market data, the token traded around $0.087 at the time of writing. LSK lost 5.3% over the past 24 hours. However, its weekly gain remained above 11%.Lisk DAO shutdown vote beginsThe Lisk team announced its plan to close the DAO and its related services through a proposal published on the governance forum. The proposal went live for an onchain vote on DeGov the same day.The team will burn the DAO’s annual allocations of 15 million LSK for each year from 2027 to 2032. Another 10 million LSK allocated for 2033 will also stay out of circulation.The total burn will therefore reach 100 million LSK. This will reduce LSK’s total supply from 400 million to 300 million.The team said the supply reduction would limit future token emissions. Project expenses will no longer rely on LSK sales from the DAO treasury.The Onchain Foundation will finance Lisk’s operations. The team expects the change to reduce recurring selling pressure on LSK.Approximately 47 million LSK will go to Lisk LtdThe proposal covers more than the token burn. Lisk Ltd will receive approximately 47 million LSK currently liquid in the DAO treasury or vested through 2026.The team will determine the exact amount when it executes the proposal. The assets will therefore move from the community-governed treasury to the company’s control.Lisk Ltd will also assume control of two liquidity vaults managed by the DAO through Arrakis. These vaults provide LSK-ETH liquidity on Uniswap v4 on Ethereum and Aerodrome on Base.After the transfer, Lisk Ltd will manage liquidity on decentralized exchanges. The team will pause the governance contracts and close the Lisk Governance Forum.Why is Lisk leaving the blockchain business?The Lisk team acknowledged that the Ethereum Layer 2 network failed to generate enough revenue over the past two and a half years. LSK distributions for ecosystem incentives also created selling pressure on the token.The team argued that heavy LSK spending and operational fragmentation made the existing model unsustainable. As a result, the Lisk Chain will shut down on October 31, 2026.Lisk will continue as a financial operations platform for businesses. The new product will bring bank accounts, stablecoin balances, payments and approval processes into a single workspace.LSK will serve as the loyalty token for the new platform. Businesses will eventually be able to earn LSK by using the platform and pay their fees with the token.What should LSK holders do?If the proposal passes, users will be able to unstake their LSK without paying an early-exit penalty. However, a three-day waiting period will still apply before the tokens become available.Users holding LSK on the Lisk Chain must move their assets to Ethereum before October 31. The bridge process takes at least seven days, so the team urged users to act before the deadline approaches.Investors holding LSK on Ethereum or a centralized exchange do not need to take any action. Lisk will position Base as one of the token’s primary networks alongside Ethereum.
Coinbase Lists Two Altcoins, Plans to Delist IOTX
Coinbase made two opposing decisions concerning three altcoins on the same day. The exchange added Basecat and DebtReliefBot, both built on Base, to its spot market while announcing plans to end trading support for IoTeX.The BASECAT-USD and DRB-USD pairs entered a phased launch process. IOTX trading is scheduled to stop at around 9:00 p.m. Turkey time on September 23, 2026.Coinbase launches BASECAT and DRB tradingAccording to Coinbase Markets' announcement, spot trading for Basecat (BASECAT) and DebtReliefBot (DRB) went live on August 24. The exchange created US dollar trading pairs for both assets.Coinbase offers the BASECAT-USD and DRB-USD pairs in supported regions. Users can access the markets through Coinbase Advanced.Institutional clients can trade the assets through Coinbase Exchange.The exchange initially placed the pairs in auction mode. During this stage, investors can submit limit orders and view the indicative opening price.Coinbase uses this process to facilitate price discovery and establish sufficient liquidity in new markets.Both tokens entered Coinbase’s listing roadmap on August 21. Inclusion in the roadmap alone does not mean that trading support has started.The exchange publishes a separate trading announcement once market-maker support and the required technical infrastructure are ready.Both tokens run on BaseCoinbase supports only the Base network versions of BASECAT and DRB. The exchange identified BASECAT’s contract address as 0xb2000000000000000000004c27f6523082f41d01.The contract address provided for DRB is 0x3ec2156D4c0A9CBdAB4a016633b7BcF6a8d68Ea2.Basecat is a memecoin featuring a cartoon cat wearing a blue construction hardhat. Coinbase data shows that the token has a circulating supply of around 1 billion.DebtReliefBot combines memecoin and artificial intelligence themes. The name was proposed by xAI chatbot Grok in March 2025.According to the project’s community portal, a crypto bot called Bankr later created DRB on Base.Base’s official documentation describes the network as an Ethereum Layer 2 solution incubated within Coinbase. The network aims to offer faster and cheaper transactions while maintaining Ethereum compatibility.BASECAT and DRB face selling pressureTrading volumes for both assets increased during the listing process. Selling pressure emerged after the initial price movements.Market data showed BASECAT trading at $0.0292 as of 12:08 p.m. Turkey time on August 25. The token fell 18.5% over 24 hours, while its trading volume approached $19 million.DRB traded at around $0.0001532 at the same time. Its daily loss reached 19.5%, while its weekly gain remained at 469%.This performance indicated stronger profit-taking after the rapid rally that preceded the listing.When will Coinbase suspend IOTX trading?Coinbase took the opposite direction with IoTeX. According to the exchange’s announcement, IOTX trading support will end at around 2:00 p.m. Eastern Time on September 23.This corresponds to 9:00 p.m. in Turkey.The decision covers Simple and Advanced Trade on Coinbase.com. Coinbase Exchange and Coinbase Prime clients will also be unable to trade IOTX after the stated time.The exchange has already moved its IOTX order books to limit-only mode. Users can submit limit orders or cancel existing orders during this period.Trades can continue to match when the required conditions are met.Coinbase said customers would retain access to their balances. Investors will still be able to withdraw IOTX from the platform after trading support ends.The exchange said it reached the decision after a regular asset review. It did not disclose which listing standard IOTX had failed to meet.It therefore remains unclear whether the decision relates to liquidity, technical infrastructure or compliance requirements.The version of IOTX traded on Coinbase operates on Ethereum. Users planning to withdraw their assets need to verify the destination wallet and network.IoTeX’s deposit and withdrawal guidance states that Coinbase accepts only the ERC-20 version. Sending native IOTX directly to an Ethereum deposit address on Coinbase could result in a loss of funds.The delisting announcement did not initially trigger a sharp decline in the global IOTX price. CoinGecko data showed IOTX trading at $0.00282 as of 12:08 p.m. Turkey time, up 0.8% over the previous 24 hours.
