Crypto Industry News & Market Trends

Bitwise Solana ETF Hits $1 Billion Milestone in 10 Months

Bitwise has hit a big milestone with its Solana Staking ETF, crossing the $1 billion asset under management milestone. The fund has reached that level in just 10 months. This development also stands as a testament to the ongoing investor interest despite the difficult year for cryptocurrencies.　　The milestone arrives as Solana continues recovering from a steep market downturn. Solana has gained nearly 45% over the past month, although it remains about 60% below its record high.　　The Bitwise Solana Staking ETF, BSOL, just crossed $1 billion AUM—exactly 10 months after its launch.　　Most of the approximately $1 billion of inflows have come in a bear market, an impressive indication of investor conviction.　　Grateful to investors for trusting Bitwise to… 　　Strong ETF Demand Despite Market Pressure　　Besides BSOLs growth, spot Solana ETFs have attracted $1.7 billion in cumulative flows. Notably, the category has avoided a prolonged period of net outflows since launching.　　Cumulative trading volume in the spot Solana ETFs has also reached over $13 billion since September 2025. This indicates that investors still see Solana as an institutional opportunity for the long-term.　　Discover more　　Finance　　FINANCE　　Financial Markets News　　The shares of BSOL, however, are still roughly 40% off their list price. The gap reflects the impact of market conditions

08-29Industry

Bitcoin Cools Off After $3 Billion ETF-Driven Surge

Bitcoin slid Friday afternoon, cooling down after a phenomenal run following huge investment from U.S. ETF buyers.　　The leading cryptocurrency was trading for $77,379 on Friday afternoon in New York after dropping more than 3% over a 24-hour period.　　Bitcoin hit a high this week of $81,281 but slowed down after Federal Reserve Chair Kevin Warsh gave his first major speech as head of the central bank — saying on Friday that he had “more work to do” to fight inflation.　　The Bitcoin price has in the past dropped when the Federal Reserve thinks inflation is too high because it means less chance of a rate cut; the leading cryptocurrency typically does better in a low-interest rate environment.　　JUST IN: ???????? U.S. Bitcoin ETFs have brought in $1.14 billion in inflows this week.　　Over $3 billion has been added in the past 9 days! 　　Bitcoin started surging last week after the U.S. Treasury would at least double the size of its liquidity-support buyback operations. The announcement last week hurt the dollar but non-yielding assets have benefited.　　Exchange-traded funds, managed by the likes of BlackRock, Fidelity, and Grayscale have received net positive inflows for nine days in a row, according to Farside Investors data. Last week was

08-29Industry

These Billionaires Have Spent The Most On the November Midterms

Topline　　The 10 top billionaire donors in the midterm elections alone have already given more than $734 billion, federal election records show, as high-profile billionaires like Marc Andreessen, Elon Musk, George Soros and the Winklevoss twins pour millions into federal races.　　Elon Musk on May 14 in Beijing.　　Copyright 2026 The Associated Press. All rights reserved.　　Key Facts　　Billionaires and the companies they control have made up nearly all of the top individual donors this election cycle, based on rankings compiled by The New York Times and Washington Post, with the full list of top donors rounded out by GOP- and Democratic-aligned nonprofits, crypto companies Coinbase and Crypto.com and sports betting site DraftKings.　　Marc Andreessen (Forbes Valuation: $1.9 billion):Andreessen, his business partner Ben Horowitz and their venture capital fund Andreessen Horowitz have donated a combined $115.3 millionthis election cycle, as calculated by the Times, while federal election records show Andresseen has personally given some $42.2 million—with the biggest checks going to PACs supporting crypto and AI, along with President Donald Trumps MAGA Inc.　　George Soros (Forbes Valuation: $7.5 billion): Soros and his son Alex are the top Democratic givers this election cycle, giving a combined $103.7 millionto Democratic-aligned super PACs between the family and groups they control,

08-29Industry

Bybit Launches Equity Perpetual Options Trading

Bybit has launched Perp Options, a new derivatives product the crypto exchange describes as the industrys first options contract built on top of equity perpetuals, with SpaceX and Nvidia serving as the opening underlyings, according to a company announcement published on August 28. The first two markets, SPCX (SpaceX) and NVDA (Nvidia), are scheduled to begin live trading on September 17, 2026 at 20:00 UTC, with the instruments available to trade around the clock.　　How the New Contracts Work　　The options settle in USDT and carry a contract multiplier of 1, matching the mechanics Bybit already applies to its equity perpetual contracts. Bybit said the instruments will integrate with its Unified Trading Account and Portfolio Margin systems, so users can cross-hedge spot, perpetual, and options positions from a single margin account. The exchange lists spreads, straddles, and covered calls among the strategies the product is designed to support, positioning it as a way to apply familiar options techniques to equity exposure settled in stablecoins.　　First Markets and the Roadmap　　Beyond the opening SpaceX and Nvidia contracts, Bybit said it plans to add TSLA, QQQ, SOXL, and MU at a later stage, together with additional expiry dates. The company did not specify a timeline for

08-29Industry

Circle Stock Rallies Intraday on Chelsea Deal, Rally to Sustain？

Key Insights:Circle stock rebounded from $90.50 to nearly $96 before closing at $94.24.Chelsea‘s deal puts Circle and USDC on men’s, womens, and academy shirts.CRCL fell 1.55% premarket as bank stablecoin competition pressured sentiment.　　Circle stock recovered from an early decline after Circle announced a major sponsorship agreement with Chelsea Football Club. The shares surged from about $90.50 to $96 during Thursday‘s session before closing near the previous day’s level.　　The partnership will place Circle and USDC branding on Chelsea shirts during the 2026/27 season. However, premarket weakness on Friday showed investors remained cautious after the intraday rebound.　　Circle closed August 27 at $94.24, up just 0.03% from the prior close of $94.21. The stock opened under pressure and moved toward $90.50 before buyers returned.　　Circle Stock Surges Following Chelsea Partnership | Source: Google Finance　　Momentum strengthened around midday, lifting shares near $96 before gains faded later. CRCL stock then stabilized between roughly $94 and $95 into the close.　　Circle Stock Gets Chelsea Visibility Through USDC Deal　　Circle will become a Principal Partner and Chelseas official front-of-shirt partner from the 2026/27 season.　　Discover more　　Choosing An Online Brokerage Platform　　Finance　　FINANCE　　The agreement covers Chelsea‘s men’s, women‘s, and academy teams. Circle and USDC branding will first appear during Chelsea’s Premier League home match

08-29Industry

Uniswap sweeps short liquidations near $5 — What next？

Uniswap [UNI] continued its strong bullish performance with another bullish structure break on the daily timeframe on Thursday, 27th August. On the day, the DeFi altcoin rallied by 6.89%, from $4.38 to $4.68.　　In the hours before press time, however, it faced a rejection after moving further north to $4.84. It was trading at $4.57, at the time of writing.　　Source: Coinalyze　　Coinalyze data revealed that Open Interest has cooled down slightly, with the funding rate close to neutral levels. Encouragingly, the Spot CVD climbed on the charts in recent days to underline strong spot demand behind the price gains.　　Discover more　　Exchange Traded Funds　　Digital Currencies　　FINANCE　　Whale accumulation and steady UNI token burns have helped maintain the scarcity narrative. Hence, the question: Are the spot demand and bullish narratives enough to keep the uptrend going？　　Explaining the bullish Uniswap structure　　Source: UNI/USDT on TradingView　　In May, a lower high at $4.17 was registered, after which a wave of selling sent UNIs price to a low of $2.31 by early June. By the end of July, this high had been surpassed, bringing a bullish swing structure into effect.　　A pullback to $3.18 in mid-August was followed by another rally past the $4.57 local high, once again affirming the bullish structure.　　The OBV

08-29Industry

Trump Crypto Ventures Leave Investors Facing $4.7 Billion in

Investors in crypto ventures linked to President Donald Trump and his family are facing at least $4.7 billion in losses, according to reports, while Trump reported at least $1.4 billion in crypto-related income for 2025.　　The TRUMP memecoin accounts for the biggest share, with investors estimated to be about $3.2 billion underwater. About 1.6 million Solana wallets that bought the token are holding unrealized losses, meaning they have not necessarily sold their holdings.　　Trump Crypto Losses Grow　　Investors have also lost about $1 billion on World Liberty Financial‘s WLFI token, according to reports, while Trump Media & Technology Group’s Bitcoin holdings showed roughly $450 million in unrealized losses.　　Related: TRUMP Price Prediction: Does World Liberty‘s Bank Deal Change TRUMP’s Outlook？　　The losses come as the Trump family expands its crypto business. World Liberty Financial is moving ahead with a planned crypto bank, backed in part by foreign investors. A group linked to Abu Dhabi Sheikh Tahnoon bin Zayed Al Nahyan has committed about $500 million and is set to hold a 49% stake in the banks holding company, according to reports.　　Lawmakers Raise Conflict Concerns　　The foreign investment has drawn scrutiny from Democratic lawmakers over potential conflicts of interest. Senator Elizabeth Warren called the bank approval “self-dealing.”　　Senator

08-29Industry

Avici token crashes as hackers drain nearly $1 million from Solana neobank

Avici, a neobank built on the Solana blockchain, is investigating a security breach that emptied user funds on August 28. Anything from $600,000 to more than $1 million may have been lost, per initial reports. 　　Avicis AVICI token lost roughly 39% of its value in a single day following the hack.　　Discover more　　Currencies & Foreign Exchange　　Exchange Traded Funds　　FINANCE　　How much was lost in the Avici hack？　　Avici, a Solana-based neobank that offers banking-style services like spendable card balances backed by crypto, confirmed that there was an “issue affecting card balance withdrawals,” but has not stated how much was lost or if users will be repaid.　　AVICI, the native token of the neobank, crashed following news of the security breach.　　The breach was discovered through a post from @SolanaFloor on X. According to reports, the hacker first ran a function called SubmitSignatures on Avici‘s authorization program, then they called AddCollateralAdmin on Avici’s collateral program, and finally they ran WithdrawCollateralAsset to take the funds out.　　The attackers wallet held about 10,005 SOL, worth around $1.07 million at the time, plus about $11,600 in stablecoins. A blockchain analyst named STACC created a real-time tracker that found 125 different user accounts were affected. The amounts taken ranged from about $9

08-29Industry

Solana Neobank Avici Hacked for $650,000. Token Crashes 40%

An attacker drained over $653,000 from card collateral vaults at Avici, a Solana neobank whose own documentation promised that only a users wallet could ever move that money.　　The token Avici (AVICI) has since fallen by about 40% to $0.24. The sum taken equals close to a fifth of its entire market value.　　AVICI Price Performance. Source: CoingeckoWhat the Avici Exploit Broke　　Avici sells a Visa credit card backed by USDC. Users lock the stablecoin in a smart contract, and spending draws it down. Third National issues the card, not Avici.　　“Only user‘s wallet can withdraw funds from escrow contract after deducting the spends,” the company’s documentation states, indicating who holds the keys.　　On Friday, the vaults emptied anyway, with a live tracker counting $653,548 pulled out as of this writing　　Discover more　　Trading Foreign Currencies Online　　NEWS　　FINANCE　　Avici Attack. Source: Live Tracker　　Self-custody set out who could not take the money. It did not remove every privileged path written into the program itself. That gap is where the funds went.　　On-chain researchers say the attacker submitted a crafted signature bundle, made itself an admin on the escrow accounts, then withdrew. Avici has not confirmed that method.　　more info on the ongoing　　Follow us on X to get the latest news as it

08-29Industry

Tusk Pushes Crypto Law Re-Vote After Zondacrypto Scandal

Key TakeawaysZondacrypto collapsed in a $94M scandal, prompting PM Tusk to call a re-vote on vetoed crypto rules.Repeated presidential vetoes left Poland in regulatory limbo and unable to enforce EU MiCA standards.Exchanges cannot register in Poland as Tusk accuses politicians of taking bribes from the failed exchange.　　Poland To Revote Crypto-Asset Market Act After Zondacrypto Scandal　　Polish authorities are reevaluating the need to have clear regulations to protect citizens from cryptocurrency fraud.　　On Friday, during a council of ministers meeting to draft the 2027 budget, Tusk commented on the current situation of the Zondacrypto exchange, which has evolved to become one of the largest crypto-linked corruption cases in the country.　　Tusk lamented that the budget preparation was overshadowed by the Zondacrypto bankruptcy and the recent detention of Polish Olympic Committee President Radosław Piesiewicz in a corruption probe.　　Discover more　　Financial Markets News　　Exchange Traded Funds　　Brokerages & Day Trading　　“This is not some ordinary bribe, some one politician. It looks like a well-organized system in which names known from other situations appear,”Tusk declared, highlighting the gravity of the development.　　Tusk said that after this, he would ask the Speaker of the Sejm to organize a re-vote on the Crypto-Asset Market Act, which was vetoed by President Karol Nawrocki a third

08-29Industry

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