Daily News 19

Category: Coins

Digital assets, cryptocurrencies, blockchain, and currency news.

  • Zcash’s 19x Rally Could Continue as Grayscale Eyes Bitcoin Market Share

    Zcash’s 19x Rally Could Continue as Grayscale Eyes Bitcoin Market Share

    Zcash may have further upside despite rising approximately 19-fold over the past year, according to Grayscale Head of Research Zach Pandl. The asset manager said on Aug. 25 that Zcash could challenge Bitcoin’s network effects with capabilities that were unavailable or less relevant when Bitcoin established its lead.

    Grayscale’s “Currencies” sector includes crypto assets primarily designed to function as digital money or stores of value. Bitcoin represents 93% of the category by market capitalization. Grayscale identified financial privacy, development aimed at cybersecurity threats, and cross-chain reach through intents technology as potential advantages for Zcash.

    “Zcash offers financial privacy and other attributes that users may find essential in an age of AI,” Pandl wrote, adding:

    “We think it is still undervalued and can continue to capture market share.”

    $ZEC’s price as of Aug. 29 via Bitcoin.com Markets

    Bitcoin’s Market Cap Is 114 Times Larger Than Zcash’s

    Zcash remained valued at less than 1% of Bitcoin’s market capitalization after its rally significantly improved Zcash mining economics. Grayscale said the disparity could indicate that investors are underpricing Zcash’s features, while emphasizing that $ZEC remains a smaller, more volatile, and higher-risk cryptocurrency.

    As of Aug. 29, Bitcoin ranked first among all cryptocurrencies with a market capitalization of $1.56 trillion. Zcash ranked 11th at $13.74 billion. ZEC’s market capitalization was approximately 0.88% of Bitcoin’s, leaving $BTC about 114 times larger.

    Grayscale calculated how ZEC could perform if it captured a larger share of Bitcoin’s market capitalization over five years. Based on estimated ZEC supply, the scenarios imply prices of $1,622 at a 2% share, $4,054 at 5%, and $8,109 at 10%. These figures are hypothetical scenarios, not price forecasts.

    Potential ZEC prices at different shares of Bitcoin’s market capitalization. Source: Coin Metrics and Grayscale Investments; Aug. 24, 2026.

    AI Surveillance Could Strengthen the Case for Financial Privacy

    Artificial intelligence could make financial surveillance more effective by connecting public addresses with exchanges, counterparties, wallet behavior, and transaction histories. Grayscale’s Aug. 19 analysis of Zcash’s financial privacy argued that AI and blockchain adoption could trigger another wave of public concern about financial confidentiality.

    Intents technology allows a wallet to coordinate cross-chain transactions based on a user’s desired outcome, such as converting another digital asset into ZEC. This could allow users or AI agents to access Zcash’s privacy features without requiring merchants to accept ZEC directly.

    In some respects, Zcash resembles Bitcoin through its proof-of-work security model and fixed supply of 21 million coins. Unlike Bitcoin, however, the network supports shielded transfers that conceal transaction details using zero-knowledge proofs. These transfers illustrate how privacy coins use cryptographic techniques to obscure details such as the sender, recipient, or transaction amount.

    Market access expanded on Aug. 25 when Grayscale’s Zcash ETF began trading on NYSE Arca under the ticker ZCSH. The fund moved from OTCQX quotations to NYSE Arca, giving investors spot ZEC exposure through a publicly traded vehicle without requiring them to purchase the cryptocurrency or manage wallets and private keys directly.

    Privacy Use and Network Development Add Momentum

    Grayscale said in March that privacy and growing network momentum could help ZEC compete with BTC. Its March 18 comparison of Zcash and Bitcoin cited increasing use of shielding technology, along with new capital supporting wallet development and Zcash mining.

    Pandl wrote:

    “Zcash, a privacy-focused digital currency, is the Bitcoin competitor with the best shot at capturing market share over time, in our view.”

    Network development also brings security and execution risks alongside its potential benefits. During the first quarter, the Zcash Foundation patched two Zebra vulnerabilities, including a critical remote denial-of-service flaw and a high-severity potential chain-split flaw.

  • Renowned Economist Harshly Criticizes the Fed’s Latest Policies: “They’re on the Wrong Track”

    Renowned Economist Harshly Criticizes the Fed’s Latest Policies: “They’re on the Wrong Track”

    Economist James E. Thorne has criticized the Federal Reserve’s restrictive monetary policy, arguing that higher interest rates may not address the underlying causes of current inflationary pressures.

    Thorne said Fed Chairman Kevin Warsh and Wall Street circles appear to view supply-driven inflation as a conventional overheating problem caused by excessive demand. However, he argued that elevated inflation is not solely the result of strong consumer spending. Energy costs, housing shortages, production cuts, and other supply constraints are also contributing to price pressures.

    He warned that additional rate increases could weaken the economy’s productive capacity rather than reduce inflation.

    Employment Data Challenges the “Overheating” Thesis

    Thorne pointed to declining quarterly full-time employment data as evidence that the economy may be undergoing a structural transformation rather than experiencing a temporary, one-month statistical anomaly. He said the fact that a significant share of the decline came from public-sector employment did not reduce its importance.

    In Thorne’s view, the data suggests that the economy is not necessarily overheating. Instead, the labor market may be adjusting to changes in fiscal policy, industrial structure, and institutional conditions.

    He said the housing market was sending a similar signal. As one of the sectors most sensitive to interest rates, housing is directly feeling the effects of tight monetary policy, Thorne argued, rather than driving inflation.

    Thorne also said recent US economic growth could be attributed less to broad, credit-fueled overheating and more to the early effects of the Trump administration’s supply-side economic policies, along with a long-term investment cycle.

    He highlighted rising investment in artificial intelligence, data centers and computing capacity, electricity generation, and infrastructure. These investments, he said, could expand the economy’s production capacity and improve efficiency.

    According to Thorne, further Federal Reserve rate increases could make it harder to finance productive investment, ultimately limiting the expansion of future supply capacity while doing little to resolve supply-related inflation.

    “Customs Duties Are Not the Same Thing as Persistent Inflation”

    Thorne further argued that, under classical economic theory, the effects of genuine supply shocks should diminish over time as prices and production adjust.

    He noted that an oil-price shock does not necessarily require permanently high interest rates. Tariffs can also produce a one-time increase in the price level, he said, but that is different from a self-reinforcing and continuous inflationary process.

    Thorne also said there is no strong evidence that the neutral real interest rate, a measure considered important for economic stability, or “r*” has increased by approximately 100 basis points over a short period.

    For the Federal Reserve, he said, the central question is whether further monetary tightening is appropriate while full-time employment is declining and the housing sector remains under pressure.

    Thorne concluded that, under current conditions, new rate increases could represent less of “prudent inflation control” and more of a deliberate suppression of demand caused by supply constraints and the mistaken belief that an economy undergoing structural change is overheating.

    This is not investment advice.

  • Bitcoin Knots Attempts Another Bitcoin Fork After Previous Chain Died Within Two Blocks

    Bitcoin Knots Attempts Another Bitcoin Fork After Previous Chain Died Within Two Blocks

    Bitcoin Knots is preparing a Sunday rehearsal for a BLAKE2b proof-of-work fork after its previous BIP-110 breakaway chain stalled.

    On Aug. 29, Bitcoin developer Luke Dashjr told SHA-2 miners to stop mining ahead of an Aug. 30 test. The proposed breakaway network would replace Bitcoin’s SHA-256d proof of work with BLAKE2b.

    Dashjr said Bitcoin Knots 29.4.1rc4 would establish the final SHA-2 block before the change. If the rehearsal succeeds, a final 29.4.1 release could preserve the new chain on Sept. 1. Problems would instead trigger another release candidate and a reset to the last SHA-2 block.

    The attempt comes three weeks after BIP-110 split from the dominant Bitcoin chain and stalled after producing only two blocks. The new proposal aims to avoid relying on existing Bitcoin miners by permanently moving the breakaway network to hardware using BLAKE2b proof of work.

    Bitcoin Knots BLAKE2b test faces unresolved questions

    As of Aug. 29, the public Bitcoin Knots release page did not show rc4 or a final 29.4.1 build. Several key proof-of-work changes also remained open.

    The proposal had not publicly identified a major exchange, wallet, custodian, block explorer or Lightning implementation committed to supporting the new chain.

    A successful BLAKE2b block would demonstrate that the fork can operate, but it would not show that enough miners, infrastructure providers and users are ready to keep the network economically viable.

    How BLAKE2b is intended to solve the miner problem

    The central change is designed to address the weakness that crippled the earlier BIP-110 branch.

    Rather than asking the SHA-256d miners securing Bitcoin to continue producing blocks for a minority fork, the new chain would reject SHA-256d blocks after activation and rely on BLAKE2b mining hardware.

    Backers say machines originally built to mine Sia, including Bitmain’s Antminer A3 and Goldshell SC5 models, can support the new proof-of-work system. Testnet4 mining instructions and a compatible DATUM Gateway fork have also been published.

    It remains unclear whether enough miners will participate.

    A reviewer of the open implementation calculated that one version of the proposed initial difficulty would require roughly 870 terahashes per second to maintain 10-minute block intervals. Estimated testnet4 capacity stood at only 50 to 70 TH/s.

    Those figures were based on unfinished code and do not represent final launch parameters. They nevertheless highlight the challenge facing Sunday’s test: compatible mining machines do not guarantee committed hash rate. Public discussions had not disclosed how much capacity operators had pledged to the mainnet fork.

    Block production will therefore be an early measure of whether the new design improves on BIP-110 or simply replaces one mining constituency with another.

    Bitcoin Knots still needs final consensus rules

    Bitcoin Knots must also settle the precise rules that participating nodes will enforce.

    The BLAKE2b implementation and a related reduced-data proposal remained open as of Aug. 29. The reviewed public materials had also not fixed the mainnet activation height.

    A discrepancy remained over the temporary block-weight limit. The proposal’s FAQ and pull request described a 700,000-weight-unit cap, while a pinned source commit set the limit at 800,000.

    Nodes enforcing different limits could disagree about whether a block is valid, making the final rc4 configuration critical before participants attempt to follow the same chain.

    The proof-of-work change would be permanent. The reduced-data restrictions, including the smaller block cap, are scheduled to expire in 2027.

    Sunday’s rehearsal should clarify the activation height, block limit and other parameters needed for participating nodes to remain on a single ledger.

    A functioning chain still needs an economy

    Even if miners produce blocks under a common ruleset, the more difficult coordination test will take place outside Bitcoin Knots.

    The proposed fork changes the block header to a 164-byte format using BLAKE2b, while existing Electrum-style clients expect Bitcoin’s 80-byte SHA-256d headers.

    Light wallets, indexers, explorers and other infrastructure may therefore need updates before they can follow the new ledger. Dashjr said light-client compatibility falls outside Bitcoin Knots’ scope.

    The project’s FAQ tells exchanges to pause deposits and withdrawals around the split and announce which chain they will recognize. Lightning channels created before the fork would also exist on the BLAKE2b chain, requiring both peers to use compatible software and agree on the same ledger.

    Both networks would inherit the same pre-fork transaction history and coin balances. That creates replay risk because a transaction spending pre-fork coins could potentially be valid on both chains.

    Bitcoin Knots has proposed a SIGHASH_UNIFIED signing mode that can provide directional replay protection when explicitly selected. It would not automatically protect every existing wallet or transaction.

    The move to BLAKE2b addresses proof of work only. It does not replace Bitcoin’s existing addresses, private keys or transaction signatures, and therefore does not make ownership keys quantum-safe.

    The immediate question this weekend is whether Bitcoin Knots can produce and maintain a BLAKE2b chain after BIP-110 failed.

    The larger test will begin if it succeeds: whether miners continue producing blocks and whether exchanges, wallets, custodians and users recognize enough economic value in the new ledger to keep it alive.

  • Ripple Donates $300,000 to Nepal and Tibet Flood Relief Efforts

    Ripple Donates $300,000 to Nepal and Tibet Flood Relief Efforts

    Ripple is donating $300,000 to support emergency relief efforts after severe flooding struck Nepal and Tibet, providing funding for food, water, and sanitation assistance.

    The blockchain payments company announced the contribution on Aug. 28 on X. The funds will go to World Central Kitchen, a nonprofit that provides meals during humanitarian emergencies, and Mercy Corps, which delivers humanitarian aid and supports disaster recovery.

    “Ripple is donating $300,000 to World Central Kitchen and Mercy Corps to support emergency meal distribution and water and sanitation efforts on the ground.”

    Flooding devastates communities in Nepal and Tibet

    Flooding has devastated communities along Nepal’s Bhote Koshi and Trishuli river corridors, severely damaging critical infrastructure. Mercy Corps is coordinating with local authorities and humanitarian partners to assess urgent needs and support the emergency response.

    An ice-rock avalanche from a Himalayan glacier is believed to have blocked a river before releasing a destructive surge downstream. The resulting floods swept through Nepal’s Rasuwa, Nuwakot, and Dhading districts, destroying homes, roads, bridges, power systems, and communications infrastructure. The flooding also struck the Gyirong border port in Tibet.

    Rescue operations continued amid unstable terrain and the risk of secondary disasters.

    UNICEF reported on Aug. 27 that at least 17,000 children were affected in Nepal. Eighteen schools were destroyed and 20 others sustained damage. The agency appealed for $17.2 million to fund health, nutrition, water, sanitation, education, child protection, and early-recovery programs.

    Ripple said the donation addresses two immediate needs identified in the affected areas: emergency meal distribution and water and sanitation services. World Central Kitchen and Mercy Corps will use the funding to support those efforts on the ground.

    Ripple expands humanitarian partnerships

    The donation builds on Ripple’s existing relationships with both organizations. World Central Kitchen and Mercy Corps were among several nonprofits that piloted Ripple Payments and the Ripple USD ($RLUSD) stablecoin to explore faster and more transparent ways to distribute emergency funds.

    Ripple previously worked with Mercy Corps Ventures on a drought-response project in Kenya. The $RLUSD-based pilot targeted 533 pastoralists and used satellite data and smart contracts to trigger payments when vegetation conditions fell below a predetermined threshold.

    Each eligible participant received approximately $75 if drought conditions activated the payment mechanism. The project demonstrated how stablecoins and blockchain infrastructure could automate humanitarian assistance in regions with limited access to conventional financial services.

    Ripple’s broader payment infrastructure is connected to the XRP Ledger, a public blockchain designed for rapid, low-cost transactions. The company’s contribution to relief efforts in Nepal and Tibet extends its humanitarian partnerships while directing $300,000 to organizations providing emergency assistance.

  • Canton Price Prediction: CC Price Estimated to Fall to $0.087047 by September 3, 2026

    Canton Price Prediction: CC Price Estimated to Fall to $0.087047 by September 3, 2026

    Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

    Canton (CC) is trading at $ 0.115991 after rising 5.04% against the US dollar over the past 24 hours. The token also gained 5.31% against Bitcoin and 5.58% against Ethereum, outperforming the broader cryptocurrency market, whose total market capitalization increased by 3.66% during the same period.

    Despite the short-term gain, Canton is down 6.01% over the past month and 18.46% compared with its price one year ago. According to the Canton price prediction, CC is expected to fall to $ 0.087047 by Sep 03, 2026. Reaching that target would represent a 23.31% decline over the next five days.

    Canton price performance over the past 30 days

    Canton has maintained a negative recent trend, losing 6.01% in the last 30 days. Its medium-term trend is also bearish, with CC down 24.81% over the past three months. Over the longer term, Canton has declined 18.46% in one year, from $ 0.142242 on the same day last year.

    Canton reached its all-time high on Feb 03, 2026, when CC peaked at $ 0.194076. The current cycle high is $ 0.131297, while the cycle low stands at $ 0.086983. The token has recently shown high volatility, with one-month volatility at 10.25. Canton recorded 13 green days during the past 30 days.

    Canton technical analysis for Aug 29, 2026

    Market sentiment for Canton is currently Neutral, while the cryptocurrency Fear & Greed index is showing Greed. Key support levels are $ 0.108841, $ 0.106006 and $ 0.102915. The main resistance levels are $ 0.114768, $ 0.117859 and $ 0.120695.

    Neutral sentiment for Canton

    Thirteen indicators are signaling a bullish forecast for Canton, while 11 indicators point to a bearish outlook. With 54% of indicators favoring a positive prediction, the overall sentiment for CC remains Neutral.

    Cryptocurrency market sentiment remains Greed

    The Fear & Greed index currently stands at 68, indicating Greed and suggesting that investors have a positive outlook on the cryptocurrency market. The index measures sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also indicate that the market is overvalued. By contrast, a “Fear” reading signals hesitation among investors and may potentially represent a buying opportunity.

    Canton moving averages and oscillators

    Several technical indicators provide additional insight into Canton’s current market position, including the Relative Strength Index and key moving averages.

    The Relative Strength Index (RSI 14) is a commonly used measure of whether an asset is overbought or oversold. Canton’s RSI 14 is 51.50, suggesting that CC is currently in neutral territory.

    The 50-day Simple Moving Average (SMA 50) reflects Canton’s average closing price over the past 50 days. CC is currently trading below the SMA 50 trendline, which is a bearish signal.

    The 200-day Simple Moving Average (SMA 200) is a longer-term trendline based on Canton’s average closing price over the past 200 days. CC is trading above the SMA 200, signaling that the market is currently bullish.

    Canton price prediction outlook

    Based on these indicators, the current Canton price prediction is Neutral. CC would need to decline 23.31% to reach the projected target of $ 0.087047 within the next five days.

    Investors should continue monitoring CC market sentiment, support and resistance levels, moving averages and other relevant metrics. Cryptocurrency markets are unpredictable, and even the largest digital assets can experience significant price volatility. For long-term Canton price predictions click here.

    Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Helius CEO Secures Last-Minute Vote to Cut Solana Inflation

    Helius CEO Secures Last-Minute Vote to Cut Solana Inflation

    Solana validators narrowly approved Solana Governance Proposal 0002 (SGP-0002), marking the network’s first vote on a proposal of this type.

    Solana inflation reduction proposal passes by a slim margin

    Known as Double Disinflation, SGP-0002 seeks to reduce Solana’s inflation schedule by increasing the disinflation rate from the current -15% to 30%.

    The proposal appeared unlikely to pass just hours before voting ended. It ultimately received support from validators representing 176.29 million $SOL, or 67% of the vote. Validators representing 66.19 million $SOL, or 25.16%, voted against the proposal, while 20.63 million $SOL, or 7.84%, abstained.

    Mert Mumtaz, co-founder and CEO of Solana-focused service provider and validator Helius, initially warned that the proposal would fail. He criticized validators who were randomly voting against it “under a false facade of thinking it somehow preserves extra revenue through yield for them.”

    Mumtaz described that reasoning as “mathematically nonsense,” declaring that “the people who prefer the quantity of the asset vs the value of it should immediately move to Venezuela and let other $SOL holders know how that works out.”

    Validators raise concerns over the pace of change

    Not all validators opposed the proposed inflation change for the same reason. Everstake said it voted against the proposal because of “the pace of the proposed change, the disproportionate impact it could have on smaller validators, the pressure it may put on staking participation and delegators, and the downside scenarios that remain unaddressed.”

    Despite the opposition, Mumtaz’s campaign prompted Kraken to change its position and vote in favor of SGP-0002. The shift helped the proposal pass by a narrow margin.

    “After 500 calls in the past few hours we got all the votes in the last seconds and passed the disinflation proposal by a literal hair,” Mumtaz said.

    Other Solana governance proposals receive mixed results

    The two other proposals put to a vote produced mixed outcomes. The Solana Constitution proposal, SGP-0001, passed comfortably, while SGP-0003, titled “Resource and Inclusion Fee,” failed.

    The rejection means Solana will not implement the proposed transaction fee model, which included a burn percentage.

  • Taliban Effectively Bans Cryptocurrency Trading Across Afghanistan, Arrests Traders

    Taliban Effectively Bans Cryptocurrency Trading Across Afghanistan, Arrests Traders

    The Taliban has effectively banned cryptocurrency trading across Afghanistan, closing exchange shops and threatening prosecution for traders and crypto-related businesses. The crackdown marks a major shift in a country where digital assets had become an important financial lifeline following the collapse of the Western-backed government and the freezing of Afghanistan’s international reserves.

    Afghanistan’s Cryptocurrency Ban and Enforcement

    Authorities have reportedly closed more than 20 cryptocurrency exchange shops in Herat, a major trading hub near the Iranian border, and arrested at least 13 traders.

    The Taliban’s Ministry of Finance and central bank have classified digital assets as fraudulent. Officials have also argued that cryptocurrency speculation is comparable to gambling under Islamic law. This interpretation effectively prohibits cryptocurrency trading, holding and transfers across the country.

    The enforcement campaign appears to extend nationwide, with local reports indicating that similar operations are underway in other provinces. The move is part of the Taliban’s broader effort to impose strict interpretations of Sharia law, including restrictions on interest-based banking and certain financial instruments.

    Impact on Remittances and Afghan Savings

    Before the ban, cryptocurrencies such as Bitcoin and stablecoins including USDT played a significant role in Afghanistan’s financial system. After the Taliban takeover in August 2021, Afghanistan became largely disconnected from international financial markets.

    Many Afghan citizens turned to cryptocurrency to protect their savings from hyperinflation, transfer money across borders and receive remittances from relatives overseas. Monthly crypto inflows reportedly reached more than $150 million at their peak but have since fallen to less than $80,000 following the crackdown.

    The sharp decline underscores how heavily some Afghans relied on digital assets for everyday financial needs. People without access to formal banking services used cryptocurrency as a hedge against economic instability and as a way to navigate Western sanctions that froze the country’s central bank assets.

    Humanitarian and Economic Consequences

    The cryptocurrency ban could worsen Afghanistan’s already severe humanitarian crisis, with more than half of the population facing acute food insecurity. Remittances from Afghan diaspora communities provide essential income for millions of families.

    With crypto-based transfer channels closed, many families may have to depend on informal networks that are more expensive and carry greater risks. International aid organizations and financial experts have warned that the ban could push cryptocurrency activity underground, making it more difficult to monitor and regulate.

    The policy could also deepen Afghanistan’s isolation from global financial markets and hinder any potential economic recovery. The Taliban’s decision contrasts with the approach taken by other Muslim-majority countries, including the United Arab Emirates, which has adopted regulatory frameworks for digital assets designed to align with Sharia principles.

    What the Cryptocurrency Ban Means for Afghanistan

    The Taliban’s effective ban on cryptocurrency trading represents a significant setback for financial access in Afghanistan. Although the regime has justified the measure on religious and anti-fraud grounds, its practical effect is to remove a vital financial channel for ordinary Afghans.

    As enforcement continues, the future of digital finance in Afghanistan remains uncertain. The international community is also watching how the policy affects humanitarian assistance, remittances and the country’s economic stability.

    Frequently Asked Questions

    Why did the Taliban ban cryptocurrency trading?

    The Taliban classified digital assets as fraudulent and stated that crypto speculation is comparable to gambling, which is prohibited under Islamic law. This interpretation led to a nationwide ban on cryptocurrency-related activities.

    How will the cryptocurrency ban affect Afghan citizens?

    Many Afghans used cryptocurrency for savings and remittances because the country had been cut off from much of the international financial system. The ban removes access to those services, making it more difficult for families to receive money from abroad and protect their savings from inflation.

    What happened to crypto exchange shops and traders in Afghanistan?

    Authorities reportedly shut down more than 20 cryptocurrency exchange shops in Herat and arrested at least 13 traders. The crackdown is part of a wider enforcement campaign across Afghanistan.

    Source: cryptonews.net

  • Tokenized Stock Transfer Volume Surges 415% in 30 Days to $29.5 Billion

    Tokenized Stock Transfer Volume Surges 415% in 30 Days to $29.5 Billion

    Tokenized stock activity surged over the past 30 days, with monthly transfer volume rising more than 415% to $29.5 billion, according to data from RWA.xyz.

    Monthly active addresses increased more than 209% to approximately 1.3 million, while the number of tokenized stock holders climbed 167% to 2.36 million. The total value of tokenized stocks distributed onchain also rose 1.45% over the same period to $2.54 billion, representing an increase of roughly 637% from $344 million a year earlier.

    Tokenized stock activity accelerates

    Securitize Corp. was the largest individual tokenized stock tracked by RWA.xyz, with approximately $163 million in distributed value. Strategy PP Variable xStock followed at $136 million, while an Ondo-tokenized version of Circle Internet Group reached $109 million.

    Ondo led tokenized stock platforms with $842.8 million in distributed value, followed by Kraken’s xStocks at $609.3 million and Binance’s bStocks at $599.9 million. Combined, the three platforms accounted for roughly 81% of the market.

    Tokenized equities expand across crypto platforms

    The increase in tokenized stock activity comes as crypto platforms introduce more ways for investors to trade, hold and use tokenized equities onchain.

    On Aug. 24, Coinbase launched its tokenized US stocks on Base, enabling eligible non-US users to trade the assets around the clock and use them across decentralized finance applications. The B20 tokens include companies such as Nvidia, Apple, Meta and Alphabet, and can be held in self-custody wallets.

    A day later, Bitwise launched automated portfolios built from Coinbase’s tokenized stocks. The products allow eligible non-US investors to follow preset strategies while keeping the underlying assets in their own wallets. The initial portfolios focus on the “Magnificent Seven,” robotics and artificial intelligence sectors.

    Other platforms have also broadened the use cases for tokenized stocks. In July, Bybit added tokenized shares of Nvidia, Apple, Tesla and other US companies as collateral for margin loans. Robinhood-backed decentralized exchange Arcus also launched more than 95 stock tokens and perpetual markets on Robinhood Chain.

  • Uniswap Price Eyes Bigger Rally as Robinhood Activity Surges

    Uniswap Price Eyes Bigger Rally as Robinhood Activity Surges

    Uniswap is gaining momentum as trading activity on Robinhood Chain reaches record levels. The decentralized exchange has processed roughly $130 million in daily stock-token transactions, nearly ten times more than a month ago, highlighting the growing connection between on-chain markets and traditional financial assets.

    Robinhood Chain Activity Accelerates

    Trading volume is now split almost evenly between Uniswap v3 and Uniswap v4. While v3 continues to support deep concentrated-liquidity pools, v4 is gaining traction through custom hooks, dynamic routing and lower transaction costs.

    The broader takeaway is that upgraded decentralized exchange infrastructure is now handling substantial equity-trading activity. That gives the Uniswap price outlook more substance than a routine token rally driven solely by market sentiment.

    UNI Price Has Climbed More Than 90%

    The UNI price has risen from around $2.40 in June to roughly $4.60 in August, representing a gain of more than 90%. Its earlier price history provides additional context for the current move.

    A liquidation-driven move in late 2020 was followed by a parabolic rally toward Uniswap’s all-time high of approximately $44. A similar liquidity-grab pattern is now appearing in 2026 UNI price action, although it remains uncertain whether history will repeat itself.

    If follow-up demand continues to support the UNI token price, $7.82 could become the first major resistance level. That price aligns with the weekly 200-day exponential moving average. A sustained breakout above it could place $11 and eventually $22 among the next potential targets.

    HOOD Stock Adds Context to the Uniswap Setup

    Robinhood’s stock offers another relevant comparison. HOOD previously formed a cup-and-handle pattern before advancing toward an all-time high near $154.

    After declining approximately 58% to $64 in 2026, the stock reversed higher from April and has since followed an ascending trendline. If that support continues to hold, HOOD could potentially move back toward $154 and enter another price-discovery phase.

    For now, the Uniswap price outlook is supported by improving trading activity on Robinhood Chain. However, $7.82 remains the key level bulls must overcome before the larger upside targets become relevant.

    Source: cryptonews.net

  • Pudgy Penguins and OpenSea Unite for Collector Park NYC Festival on September 3

    Pudgy Penguins and OpenSea Unite for Collector Park NYC Festival on September 3

    New York City will bring sneaker culture, NFT communities, blind-box collectors, trading-card enthusiasts and gaming fans together at Collector Park NYC, a one-day outdoor festival scheduled for September 3, 2026, at Seward Park on the Lower East Side.

    Curated by Pudgy Penguins and OpenSea, the event will focus on the growing overlap between physical and digital collecting. Visitors will be able to explore trading cards, designer toys, gaming, fashion and digital collectibles in one shared setting.

    Collector Park NYC: Key Details

    • Date: Thursday, September 3, 2026
    • Time: Noon to 8:00 PM EST
    • Location: Seward Park, Lower East Side, New York City
    • Format: One-day outdoor collectibles festival
    • Curators: Pudgy Penguins and OpenSea

    A Festival for Physical and Digital Collectors

    Collector Park is built around the idea that the boundaries between physical and digital collecting have become increasingly blurred. Instead of separating sneaker enthusiasts, trading-card collectors, gamers, fashion fans and NFT holders into different communities, the festival will bring them together for a single day of collecting, trading and shared experiences.

    The event will run for approximately eight hours, creating a concentrated program rather than the format of a multi-day convention. No additional dates have been announced.

    Who Is Curating Collector Park?

    Pudgy Penguins and OpenSea are jointly curating the festival. Pudgy Penguins describes itself as a global character universe centered on collectibles, games and storytelling. The internet-native community has expanded into a broader franchise that includes toys and physical collectibles.

    OpenSea is an NFT marketplace that is expanding its platform with token trading capabilities, cross-chain swaps and an integrated portfolio tool spanning multiple blockchains. Media inquiries for Collector Park are being handled by Kenneth Loo of Chapter X.

    Collector Communities Coming Together

    Collector Park will feature a broad range of interests, including trading cards, designer toys, gaming, fashion and digital collectibles. Its central premise is that people often collect across categories: a sneaker collector may also collect Pokémon cards, while a gamer interested in digital assets may also seek physical memorabilia.

    By presenting these interests together, the festival aims to highlight the common rituals shared by collector communities, from discovering rare items and trading with other enthusiasts to following brands, creators and limited releases.

    Activities and Experiences at Collector Park

    Attendees can expect more than vendor displays. The festival is designed around participation, discovery and community engagement, with programming intended to encourage visitors to stay and interact throughout the day.

    Planned features include vendor booths, live streaming, giveaways, live art, interactive games, food and dedicated community spaces. The event is expected to offer activities for both casual visitors and experienced collectors.

    Exclusive Releases, Trading and Giveaways

    Participating brands and creators are expected to offer exclusive product launches, limited-edition merchandise, live pack breaks, trading lounges, creator meetups, interactive games, giveaways and collectible drops.

    These limited experiences may give visitors access to physical or digital collectibles that are not available through standard retail or online channels. Organizers are expected to announce additional participating brands, creators and programming details before the festival.

    Collector Park NYC FAQ

    What is Collector Park?

    Collector Park is a one-day outdoor festival taking place on September 3, 2026, at Seward Park in New York City. The event will celebrate physical and digital collector communities and is curated by Pudgy Penguins and OpenSea.

    Who is organizing the Collector Park festival?

    The festival is being curated by Pudgy Penguins, a global collectibles brand, and OpenSea, an NFT marketplace.

    What activities will be available at Collector Park?

    Planned activities include vendor booths, live streaming, giveaways, live art, interactive games, food, exclusive product launches, limited merchandise, live pack breaks, trading lounges, creator meetups and collectible drops.

    How does Collector Park connect physical and digital collecting?

    The festival brings together communities interested in physical collectibles such as trading cards and designer toys with digital collectibles and gaming. It emphasizes the shared interests, habits and experiences that connect these collector cultures.

    Source: cryptonews.net