Latest Crypto News & Market Updates

Why Ethereums exit queue hitting 0 may not be a good sign - Yet

The recent rally was no exception for Ethereum [ETH]. The largest altcoin, which was trading near the $1900 price level, has now climbed close to $2500. At press time, ETH was trading at $2,459.03 after a hike of over 30% in the past 30 days.　　However, this price hike is not solid proof that ETH will continue going up. This is because the staking side of Ethereums supply is behaving differently from expected performance during a major price rally.　　Rather than seeing a rush to unlock ETH, the network is seeing continued commitment to staking.　　Is this a good sign？　　According to Ethereum‘s Validator Queue, ETH ’exit queue has hit 0. In this, around 902,506 are active validators, and about 42.4 million ETH are staked, accounting for 34.8% of the total supply.　　Source: Validator Queue　　This happens even after Ethereum witnessed a 70% pump. Looking at the current scenario, one can tell that the current ETH rally has more room to run.　　Hence, if these validators are expecting ETH to appreciate further, exiting staking simply to sell after a 70% rally may not make sense to them.　　Needless to say, another factor might be staking yield, where stakers are earning rewards for participating in Ethereums network. If they

08-31Industry

Options Bets Turn Defensive Ahead of a Bitcoin Price Showdown

Bitcoin derivatives traders are dragging a hefty book into September, with futures open interest at $54.82 billion while the spot price sits at $78,425 at 7 p.m. Eastern time on Aug. 30. Alongside this, options positioning tells a sharper story. Currently, calls dominate outstanding contracts, September expirations are heavily populated, and max-pain levels are mostly lurking below the current bitcoin price range.　　Key TakeawaysCoinglass metrics show bitcoin futures open interest at $54.82B, with Binance holding $11.24B.Deribit options hold 288,409.93 BTC in calls, giving bulls 60.89% of open interest.Deribit, Binance and OKX show Sept. 25 max pain near $70K-$73K, putting downside in focus.　　Across major futures venues, 695,020 BTC in open interest translates to $54.82 billion, according to this weekends derivatives data from Coinglass. Aggregate open interest slipped 0.26% over one hour and 0.38% over four hours, but remained 1.15% higher over the last day. That combination looks more like traders shaving exposure around the edges than heading for the exits.　　Binance Leads the Pack as $54.82B Stays in Play　　The largest crypto exchange by volume, Binance, controls the largest slice, carrying 142,500 BTC, or $11.24 billion, representing 20.5% of tracked futures open interest. CME follows with 116,040 BTC worth $9.15 billion on Sunday and

08-31Industry

Japans Yen Falls Again Despite $97 Billion Aid. Risk For Bitcoin？

Japans yen weakened again this week despite roughly $97 billion spent supporting it over the past month. Its slide puts renewed pressure on officials to act, with potential consequences for Bitcoin.　　Why Japans Yen Rescue is Fading　　The currency fell to 160.16 yen per dollar on Friday, 28 August, giving up more than half its gains since last months intervention. A weaker yen makes imports more expensive for Japanese households and businesses.　　Japan spent ¥15.4 trillion supporting its currency between 30 July and 26 August. The campaign included rare joint action with the US on 31 July, when both countries bought yen to lift its value.　　Sponsored　　Sponsored　　US interest rates remain higher than Japans, making dollar investments more attractive. The dollar gained further support this week when Federal Reserve chair Kevin Warsh pledged to bring inflation to target.　　Japans Yen Evolution amid Intervention Spikes. Source: X/@GlobalMktObservHow a Stronger Yen Could Hurt Bitcoin　　Bitcoin briefly fell below $77,000 after Warshs speech as investors expected higher US rates.　　Japan could add to that pressure. Some investors borrow yen cheaply and use the money to buy investments elsewhere. This is known as the carry trade.　　If fresh intervention or higher Japanese interest rates push the yen sharply upwards, those loans become more

08-31Industry

Your Brain Runs on 20 Watts. AI Wants a Power Plant

The human brain runs on roughly 20 watts. The world‘s fastest supercomputer, LineShine in Shenzhen, draws 42.2 million watts. That gap has become the internet’s favorite argument about AI energy use, and most of it is wrong.　　The comparison itself holds up. However, the numbers circulating on social media trace back to a single paper. The most striking one has been misattributed for three years.　　China just topped the global supercomputer ranking for the first time since 2017.　　LineShine. Shenzhen. 2.198 exaflops. 2 quintillion calculations per second. 20% faster than the USs El Capitan.　　built entirely on domestic Chinese CPUs. no Nvidia. no US chips. no export controls… https://t.co/Tuuk6svl6l pic.twitter.com/fwFKWN0Mr4　　— IT Guy (@T3chFalcon) June 24, 2026　　AI Energy Use: What 20 Watts Actually Buys　　The 20-watt figure rests on decades of metabolic measurement. The brain accounts for about 2% of body weight and roughly 20% of resting oxygen consumption.　　Neuron counts are shakier than they appear. The widely quoted 86 billion rests on four male brains and is currently under dispute in the journal Brain.　　Viral posts often use 12 watts rather than 20. That figure appears in a 2023 paper in Frontiers in Artificial Intelligence, stated without any citation at all.　　The same paper produced the number everyone

08-31Industry

Polygon Quietly Patched Security Flaws in Two Hard Forks Before Disclosing Them

In briefPolygon Labs disclosed it patched a batch of security vulnerabilities through two hard forks—Austin on its Bor client and Kyoto on Heimdall—rolled out privately and validated on testnet before mainnet activation.The fixes closed denial-of-service paths in block processing and a more severe flaw that could have forced costly, coordinated work across the entire validator set via a single crafted transaction.Polygons native token POL was trading around $0.09983 Sunday, down 2.3% on the day and 6.8% on the week.　　Polygon Labs has revealed that it fixed a batch of security vulnerabilities in its proof-of-stake network through two hard forks that were rolled out privately before being disclosed publicly.　　In a forum post published Wednesday, the team detailed the fixes bundled into the Austin hard fork on its Bor client and the Kyoto hard fork on its Heimdall client. Both were deployed following what Polygon described as standard practice for consensus-affecting fixes: rolling them out quietly and validating them on the Amoy testnet before mainnet activation, then going public once the network was safe.　　Myriad: Ethereum next price move？ Click to make your prediction.　　The Austin fork closed two denial-of-service paths in block processing, including one where a malicious block producer could crash peer nodes

08-31Industry

Cronos Blockchain Stops After Reported $75 Million Hack Attempt

Cronos stopped its entire blockchain on Sunday after an attacker drained Tectonic, the biggest lending protocol on the network. Crypto.com said its own app and exchange were never touched.　　Most of the money never left the chain before validators pulled the plug, likely explaining why the CRO token price remained unaffected, surging nearly 5%.　　Cronos (CRO) Price Performance. Source: BeInCrypto　　Sponsored　　Sponsored　　How Cronos, Tectonic, and Crypto.com Fit Together　　These are names, representing three different things. Crypto.com built Cronos, an Ethereum-style chain, and issues the CRO token securing it.　　Tectonic is not Crypto.coms code. It launched in December 2021 out of the Cronos Labs incubator and runs independently.　　That makes the Crypto.com reassurance true but narrow. The exchange was never exposed. Tectonic depositors are another matter.　　Tectonic was still almost the whole lending market on Cronos. It held about $121.6 million, or 46% of all DeFi value on the chain, DefiLlama data shows. The next biggest lender holds about $30,000.　　Sponsored　　Sponsored　　What the Companies Confirmed　　Cronos Network said it found the exploit and halted block production. Tectonic warned depositors to stay away.　　Crypto.com CEO Kris Marszalek said the app and exchange ran normally, with a postmortem to follow.　　There has been a security breach on a Cronos lending protocol Tectonic. Cronos team is investigating,

08-31Industry

ECB Wants the Euro Directly on Blockchain. Will It Kill Stablecoins in Europe？

The European Central Bank (ECB) wants to issue euros directly onto a blockchain. Executive Board member Isabel Schnabel made that case at the Jackson Hole symposium on Friday, and she was very clear about stablecoins.　　She is talking about money that banks use to settle with each other, not the euros in your account. Tokenized markets, she argued, need an asset only a central bank can create.　　Sponsored　　Sponsored　　Why Schnabel Rejects Stablecoins as Settlement Money　　A stablecoin can be built to be almost perfectly safe, and Schnabel accepts that. Her objection is about what happens next.　　In a panic, everyone wants cash at once. A central bank can create more of it. A stablecoin issuer cannot.　　Her precedent is the banking panic of 1907. Money was tied to banks holdings of government bonds, so the money supply could not expand. The Federal Reserve Act of 1913 fixed that.　　“Stablecoins are best understood as complements to central bank money, not substitutes for it,” read an excerpt in her speech.　　Follow us on X to get the latest news as it happens　　The supply numbers explain Europes hurry. Dollar-pegged stablecoins circulate about $304 billion, DefiLlama data shows. Euro-pegged tokens hold under $1 billion.　　Total Stablecoin Market Cap. Source: DeFiLlama　　Sponsored　　Sponsored　　If private tokens win

08-31Industry

Tim Cook Owns Crypto But Apple Never Bought Bitcoin: Will This Change？

Tim Cook leaves the Apple chief executive job on Tuesday, September 1. He never put a single Bitcoin on the companys balance sheet. John Ternus takes over and has never said in public whether he agrees.　　Cook answered the Bitcoin question once, in 2021, and never moved off it. Five years later, the numbers suggest he was not wrong to say no.　　What Tim Cook Actually Said About Bitcoin　　Apple sat on $146.5 billion in cash and marketable securities as of June 27, its own filing shows. A pile that size keeps the question alive.　　Sponsored　　Sponsored　　Cook was asked about it at a New York Times DealBook event in November 2021. He said he owned crypto himself. Then he shut the door on Apple doing the same.　　“I wouldn‘t go invest in crypto, not because I wouldn’t invest my own money, but because I dont think people buy Apple stock to get exposure to crypto,” he explained.　　He never said how much he holds, and did not reveal the assets either, declining to give details.　　The scoreboard since then favors him, as Bitcoin set a record near $68,991 the next day. The pioneer crypto traded near $77,244 on Sunday, about 12% higher. Apple shares closed 2021 at $175.35

08-31Industry

Telegram Gift NFT Sells for $20,000 as Pavel Durov Backs Young Coders

A free coding trophy just turned into roughly $20,000 after a US high school student sold his Telegram Gift NFT for 15,000 Grams. Pavel Durov held the sale up as startup money.　　The price cleared about 40 times what Telegram guaranteed the average prize was worth. Durov posted the result on his channel and urged other winners to go build something.　　Sponsored　　Sponsored　　How a Free Prize Became $20,000　　Jonathan He won gold at the 2026 International Olympiad in Informatics (IOI). Durov ranked him seventh in the world.　　Instead of the usual medal or cheque, the prize was an Algorithm Cup, a digital collectible that lives on TON, the blockchain behind Gram. Winners can sell theirs to anyone.　　Jonathan He competes for Team USA and interns as an engineer at trading firm Liquid. He sat fifth after Day 1 on 246 points out of 300, co-founder Franklyn Wang said.　　One of our interns is currently fifth in the world.　　Jonathan He, a Liquid engineering intern and member of Team USA, is sitting in 5th place after Day 1 of the 2026 International Olympiad in Informatics, the worlds most prestigious competitive programming competition.　　He… pic.twitter.com/2ub9OK5CB9　　— Franklyn Wang (@frank_liquid) August 12, 2026　　Telegram promised the 235 medalists a combined $117,000 in Algorithm Cups.

08-31Industry

Russias Largest Bank Wants Bitcoin and Ethereum as Collateral

Sberbank plans to accept Bitcoin (BTC), Ether (ETH) and Tether (USDT) as loan collateral, deputy chairman Anatoly Popov told TASS on Friday.　　Russia‘s largest lender wants the coins as security, not as money. Paying with crypto in Russia remains banned when the country’s digital currency law takes effect on September 1.　　Collateral is Legal, but Spending is Not　　A Russian company can pledge Bitcoin to a bank, but it still cannot buy a coffee with it. Popov said Sberbank prepared for the rule change early and already handles digital assets. However, he made the expansion conditional.　　Sponsored　　Sponsored　　“We plan to accept not only Bitcoin but also Ethereum and the stablecoin Tether as collateral… after the Central Bank, of course, allows them for public circulation,” local media reported.　　President Vladimir Putin signed the law on August 4. The Bank of Russia published its first approved list a week later. Only three coins cleared the screen.　　Regulators wanted size, high daily turnover, and at least 5 years of price history on foreign exchanges. Bitcoin, ether and USDT passed. Nothing else did, and the regulator is clear about the rest.　　Crypto cannot be used in payments within Russia. Only exporters and importers get a carve-out for crypto payments in foreign trade.　　No

08-31Industry