Latest Crypto News & Market Updates

Fidelity grants ETFs power to stake 100% of crypto while outlining exit delay risks

Fidelitys FETH and FSOL staking plans give its Ethereum and Solana exchange-traded products authority to stake up to 100% of their crypto under normal conditions, while pairing that ceiling with a layered plan for meeting redemptions when network exits take too long.　　Related Asset Ethereum #2 ETH · $2,482.95 24-hour change: up 0.86% 24H Up 0.86% 7D Up 29.75% 30D Up 32.51%　　The matching framework appears in Aug. 21 prospectuses for the Fidelity Ethereum Fund, or FETH, and Fidelity Solana Fund, or FSOL. Neither fund has a minimum staking requirement, and sponsor FD Funds Management can keep ether or SOL unstaked for foreseeable redemptions, expenses, asset protection and its liquidity program.　　The 100% figure is an authority ceiling, not evidence that both funds are fully staked. FSOL reported 1,675,797 SOL staked out of 1,687,589 SOL held at June 30, with a fair value of $126.3 million. Its quarterly report put net assets at $127.079 million and its trailing 30-day staked percentage at 99.64%.　　Related Company Fidelity Financial services company　　FETH was at a different point. Its June 30 report listed 476,311 ether and $758.609 million in net assets without a staked-ether line. Fidelity amended the trust and custody arrangements in August, and the new prospectus

08-25Industry

Bernstein sees new USDC growth cycle, sets $140 Circle price target

Analysts at Bernstein are bullish on stablecoin issuer Circle, arguing that a new growth cycle for its USDC stablecoin could provide a significant boost for the company over the next 12 months.　　In a research note published Monday, Bernstein said USDC (USDC) is showing signs of what it called “digital dollar reflation” after its supply increased by roughly $2 billion in seven days, reversing a six-month stretch of stagnant or declining growth. The firm maintained an Outperform rating on Circle (CRCL) and a $140 price target, implying roughly 60% upside from current levels. Circle shares have risen roughly 40% over the past month.　　Bernstein said the next phase of stablecoin growth could be driven by several factors, including renewed momentum in crypto markets, greater regulatory clarity in the United States, tokenized capital markets and growing adoption of stablecoins for payments. The analysts also pointed to early signs of stablecoin use in payments made by artificial intelligence agents.　　Although USDC remains the second-largest dollar-backed stablecoin by market capitalization, well behind Tether‘s USDt (USDT), it has gained significant ground in transaction activity. Bernstein said USDC’s share of adjusted stablecoin transaction volume rose from roughly 40% in 2025 to more than 60% so far in 2026,

08-25Industry

Hugging Face Explores $13 Billion Sale a Month After a Rogue OpenAI Agent Hacked It

In briefHugging Face is working with a bank to gauge buyer interest in a sale that could value the AI developer platform at $13 billion or more.No deal has been reached and no buyer has been named.A $13 billion price tag would nearly triple Hugging Faces $4.5 billion 2023 valuation.　　Hugging Face is exploring a sale that could value the company at $13 billion or more, Business Insider reported Sunday, citing people familiar with the matter. Per the reports, the company has retained a bank to gauge interest from potential buyers, but no deal has been reached, and it isnt clear who Hugging Face has been talking to.　　A $13 billion price tag would nearly triple the $4.5 billion valuation Hugging Face set in its 2023 Series D—a late-stage funding round startups raise once theyve already proven demand. That round brought in $235 million and was led by Salesforce Ventures, with Google and Nvidia also putting money in.　　Myriad: When will OpenAI release GPT-6？ Click to make your prediction.　　The company has turned down big checks before. Late last year it rejected a $500 million investment from Nvidia that would have valued it at $7 billion, worried a single investor would gain too much

08-25Industry

Ceffu Pulls $263 Million in Bitcoin and Ethereum off Binance in 30 Minutes

Key TakeawaysCeffu moved 136.54 million USDC onto Binance before withdrawing $263.8 million in BTC and ETH on Aug. 24.A similar episode was flagged in July where 3,000 BTC worth $192 million left Binance for Ceffu.Analysts are watching if Ceffus custody activity continues as bitcoin holds above $77,000.　　A Familiar Custody Pattern Repeats　　Onchain sleuths reported that Ceffu deposited 136.54 million USDC into Binance before pulling 1,524 BTC (worth $117.89 million) and 59,484 ETH (approx. $145.92 million) off the exchange within half an hour. Ceffu was rebranded from Binance Custody and now operates as Binances institutional custody partner, offering large investors segregated cold storage and settlement services.　　This is not the first time Ceffu has moved large sums between the two platforms, as in July, 3,000 BTC (worth roughly $192 million) was moved from Binance to a Ceffu address across 12 separate transfers over 30 days.　　Discover more　　Digital Currencies　　Exchange Traded Funds　　exchange-traded funds　　Ceffu‘s custody infrastructure is built on multi-party computation technology paired with a customizable multi-approval scheme, and the platform has expanded its institutional footprint this year through partnerships such as its role as the institutional custody partner in EOS Network’s advanced custody and CeDeFi offering.　　Timing Coincides With Bitcoins Biggest Rally in Three Years　　The withdrawal landed

08-25Industry

Zcash pulls back from eight year high after Grayscale files for ETF

Zcash has made a retreat from an eight-year high on Monday, as it has shed part of the rally that saw the privacy coin go up by over 55% in days after Grayscale moved to convert its Zcash Trust into a US spot exchange-traded fund. 　　Zcash (ZEC) rose to over $880 on August 23 before easing. The figures it hit in the past few days are the strongest level it has attained since 2018.　　Before it started dropping, the gains it had made over the week were around 66%. However, it is currently trading around $814. The token has a market cap of over $13.7 billion and sits at number 11 on Coinmarketcaps list of tokens ranked by market value.　　While the recent rally is still a far cry from the all-time high of $5,941.80 that the token hit in October 2016, trading is not as thin as it was then.　　Discover more　　Selecting Enterprise Cloud Computing Platforms　　News　　FINANCE　　Roughly a year ago, ZEC was trading around $40, and it has come a long way since then, having risen by over 1,805%.　　Why a privacy-coin ETF would break new ground　　The move that lit the fuse was Grayscales amended registration statement with the Securities and Exchange Commission (SEC).　　The

08-25Industry

Main Street Sports sues Comcast, Charter for underpaid licensing fees

A detailed view of a hand holding a Fanduel Sports Network branded microphone during an interview after the Detroit Pistons defeated the Boston Celtics at Little Caesars Arena on February 26, 2025 in Detroit, Michigan.　　Nic Antaya | Getty Images　　Main Street Sports, the now-defunct owner of a portfolio of regional sports networks, is suing cable companies Comcast and Charter Communications in separate lawsuits for what it alleges are underpaid licensing fees.　　The company that began its winddown earlier this year is alleging that Comcast and Charter — the two largest pay TV providers in the U.S. — breached their contracts and underpaid Main Street in the earlier part of 2026 when its networks were still delivering NBA and NHL games to local markets across the country, according to the lawsuits, which were seen by CNBC.　　The suits were filed in Delaware Superior Court on Monday. Representatives for Comcast and Charter didnt immediately respond to requests for comment.　　Main Street, the entity that originated as Fox Sports networks, has been through a series of owners since 2019, as well as several name changes. The company emerged from bankruptcy protection in early 2025, when its channels took on the name of FanDuel Sports Network. It had

08-25Industry

Super League secures $2.3M through first ATM offering

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanets U.S. Bitcoin treasury platform.　　According to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares for gross proceeds of approximately $2.23 million under an agreement signed three days earlier.　　The filing did not disclose the average selling price for the shares or the net proceeds after commissions and other offering costs. Dividing the reported gross proceeds by the number of shares sold gives an average of roughly $4.69 per share, although the individual sales may have occurred at different prices.　　With the first allocation completed, Super League amended the offering to make up to another $2.27 million of common stock available for sale. The added amount is new capacity rather than completed financing, leaving the company able to raise approximately $4.5 million in total if it sells the full second allocation.　　Super League has expanded its ATM after selling 475,598 shares　　Under the original Aug. 18 sales agreement, The Benchmark Company and StoneX Financial act as agents for the ATM program. Super League authorized sales of up to $2.229

08-25Exchange

CME Group adds ENA reference rates across three regions

CME Group has added three regional U.S. dollar reference rates and real-time indices for Ethenas $ENA token, with daily publication beginning Aug. 24.　　CME Group adds $ENA rates for three market closes　　CME Group said it had added Ethena ($ENA) to its single-asset cryptocurrency benchmark suite, extending standardized U.S. dollar pricing to the token across three major trading regions.　　Our suite of Single-Asset Crypto Benchmarks now includes Ethena ($ENA).　　Access real-time pricing and regional reference rates across London, New York and APAC. https://t.co/t4YA984qRV pic.twitter.com/6y3tPyIgVu　　— CME Group (@CMEGroup) August 24, 2026　　CF Benchmarks, the benchmark administrator that manages CMEs cryptocurrency indices, will calculate and publish the new products. The lineup contains daily reference rates that provide a fixed valuation point, along with real-time indices that update during the trading day.　　Under the regional format, the CME CF Ethena-Dollar Reference Rate tracks the London close under the ENAUSD RR identifier. ENAUSD NY provides a New York closing rate, while ENAUSD AP covers the end of the APAC trading day.　　Each rate is published at 4 p.m. in its respective region. By using three local closing times, the suite lets firms select a valuation point that corresponds with their working day instead of applying one global cutoff to a market

08-25Exchange

Elon Musk Praises New SpaceX and NVIDIA Partnership, Yet Both Stocks Fall

Elon Musk celebrated a new partnership between SpaceX and NVIDIA on Monday, confirming plans to launch an optimized Vera Rubin system into orbit as early as 2027.　　Despite his enthusiasm, both companies stocks fell on the day of the announcement.　　What Elon Musk Confirmed About the Deal　　NVIDIA announced that SpaceXAI will deploy its new Vera CPU to power the next generation of agentic AI workloads, extending the chipmakers architecture from Earth-based data centers into orbital computing infrastructure. Musk responded directly on X.　　SpaceX, in partnership with Nvidia, has designed a space-optimized Vera Rubin NVL72 system for launch to orbit in Q4 next year, with significant scale in 2028 　　He described Vera as the first CPU built for agents, saying it would accelerate the orchestration, code execution, and data processing that keep SpaceXs AI agents acting fast.　　Discover more　　exchange-traded funds　　Currencies & Foreign Exchange　　Exchange Traded Funds　　“Our design is significantly simpler, lower cost, denser and lighter than a traditional rack,” Musk said on X.　　Vera itself packs 88 NVIDIA-designed Olympus cores and up to 1.2 TB/s of memory bandwidth, claiming task completion times up to 1.8 times faster than comparable x86 processors.　　SpaceXAI will pair the chip with NVIDIAs broader Vera Rubin platform to scale infrastructure behind Grok toward

08-25Industry

Coinbase-Backed Group Endorses 32 Crypto-Friendly US

Stand With Crypto has endorsed 32 congressional incumbents for Novembers US midterm elections, backing lawmakers who supported crypto legislation as the CLARITY Act faces hurdles in the Senate.　　As first reported by Reuters, the Coinbase-backed group is targeting members who voted for the bill in the House last year. The endorsements aim to help return those lawmakers to Congress as senators debate rules for digital assets.　　Crypto Group Expands Election Push　　Stand With Crypto Executive Director Mason Lynaugh said the group has expanded since its 2024 campaign, when it sought to show that crypto voters could influence elections.　　Related: Stablecoin Supply Hits $303B — But Is Crypto Liquidity Actually Reaching Traders？　　“In 2024 we were very much proving that the crypto voter is real. In 2026 were very much showing that we have the organizing capacity and that our advocates are a true voting bloc that can move the needle,” Lynaugh said.　　The group says it has more than three million registered US advocates. Its latest endorsements include Republicans Tom Emmer and Bill Huizenga.　　CLARITY Act Faces Senate Pressure　　The Senate is scheduled to hold a procedural vote on the CLARITY Act on Sept. 15, but the bill lacks the 60 votes needed to advance.　　Crypto companies and industry

08-25Industry

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