Latest Crypto News & Market Updates

OP Price Prediction: $0.09 Support Is All That Stands Between a Bounce and a Flush to $0.08

James Ding　　Aug 28, 2026 08:22　　Optimism is hanging by a single cent of technical support as open interest craters nearly 10% in 24 hours and momentum goes completely dead. The 60/40 odds favor the bears — but a loaded short-sque…　　The Immediate Setup　　OP is not in a comfortable place this morning. At $0.09, it‘s finished a 4.6% down day sitting directly on the ledge where multiple structural supports converge — and every short-term moving average above it is pointing down like a loaded gun. The EMA 12, EMA 26, and SMA 7 are all clustered around $0.10, a full cent above, functioning as a ceiling rather than a magnet. That’s the kind of overhead resistance that doesnt just slow rallies — it strangles them.　　What makes this moment particularly tense is the near-total absence of momentum. Buyers haven‘t capitulated, but they’ve clearly stopped pressing. With stochastics sitting in the low 20s and mid-range RSI signaling neither oversold panic nor any hint of recovering strength, the market is caught in a holding pattern that feels increasingly unsustainable. Intraday range is compressed to a single cent, Binance spot volume barely cleared $3.6 million in 24 hours, and the ATR suggests this asset isnt generating the

08-28Industry

Grayscale Says Zcash Has 3 Features Bitcoin Lacks — and Room to Take Its Share

Grayscale Research says Zcash (ZEC) has a real chance of capturing Bitcoins (BTC) market share, citing three features that the largest digital currency lacks.　　The note landed as the asset manager launched the first spot ZEC exchange-traded product (ETP), and the token hit its highest price since 2018.　　Sponsored　　Sponsored　　Bitcoin Controls 93% of the Currencies Sector　　Grayscale sorts crypto assets by use case through its Crypto Sectors framework. Bitcoin accounts for 93% of the Currencies category by market capitalization.　　Head of Research Zach Pandl wrote that earlier rivals such as Litecoin (LTC) did not mount a serious challenge. He added that deep network effects have kept rivals small. Many investors never diversify past Bitcoin inside the category, he added.　　The gap remains wide today. Bitcoin trades near $78,645, with a market cap of roughly $1.58 trillion.　　Zcash sits far behind, with ZEC trading near $790 and a market value of about $13.3 billion. That ranks it 12th overall.　　The token is therefore worth less than 1% of Bitcoin. It reached that level after rising roughly 19-fold over the past year.　　Sponsored　　Sponsored　　Grayscale reads that distance as room for competition rather than evidence against it.　　The 3 Features Grayscale Says Bitcoin Lacks　　Pandl framed Zcash as a second mover with advantages that Bitcoin

08-28Industry

Circle gives legacy USDC apps 95 days before old cross-chain transfer routes stop working

Circles CCTP V1 deprecation gives developers still using the first version of its Cross-Chain Transfer Protocol (CCTP) 95 days to migrate before the legacy contracts stop processing USDC transfers.　　Related Company Circle Global crypto finance company　　The company said CCTP V1 burn limits will begin falling on Oct. 31. A burn limit caps how much USDC can be destroyed on one chain for reminting on another. Circle plans to reduce those limits and transfer capacity through November, then pause the contracts on Dec. 1. Any integration still pointing to V1 at that point will no longer move USDC across chains.　　The cutoff governs cross-chain routing. Circles migration guide says users will retain access to funds during the phase-out and pending redemptions will remain available. An attestation is Circles signed approval for USDC burned on a source chain to be minted on a destination chain. Circle said it will keep enough minting capacity available to complete outstanding attestations before V1 is fully paused.　　Related Asset USDC USDC · Stablecoin　　CCTP V1 deprecation: code changes and exposed routes　　The migration requires code changes. CCTP V2, now branded simply as CCTP, uses different contract addresses, interfaces and APIs and is incompatible with V1.　　Integrators must point to the V2 versions

08-28Industry

California lawmakers pass bill targeting meme coins issued by public officials

California lawmakers have passed AB 2409, which would prohibit state and local public officials from issuing meme coins and restrict digital asset platforms from offering certain official-linked tokens to California residents beginning in 2027.　　SummaryCalifornia lawmakers passed AB 2409, which would prohibit state and local public officials and certain public employees from issuing meme coins.Digital asset service providers would face restrictions from Jan. 1, 2027, on certain newly issued meme coins offered by or in partnership with covered public officials.The Attorney General could seek injunctions and disgorgement, while district attorneys, city attorneys and county counsel could enforce the prohibition on officials issuing meme coins.The bill cleared both legislative chambers and now heads to Gov. Gavin Newsom for consideration.　　The California Legislatures latest text for Assembly Bill 2409, introduced by Assembly Member Avelino Valencia, sets separate rules for public officials and digital asset service providers as the measure heads to Gov. Gavin Newsom for consideration.　　The Senate passed the bill on Aug. 26, and the Assembly later concurred with the Senate amendments in a 78-0 vote. The measure was sent for engrossing and enrolling after clearing both chambers.　　AB 2409 would prohibit California officials from issuing meme coins　　Under AB 2409, a public officer or public

08-28Industry

STX crypto review 2026: Tokenomics, BTC yield and staking demand

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.　　Stacks growing role in Bitcoin DeFi could strengthen demand for STX, positioning the token as a high-potential Bitcoin investment.　　SummarySTX draws demand from Stacks network fees, BTC rewards through Stacking, and potential Bitcoin Staking capacity.Stacks positions STX as a higher-beta Bitcoin play, with token demand linked to Bitcoin-native apps, Stacking, and future staking.STXs investment case rests on growing Bitcoin activity on Stacks, with network utility and Bitcoin Staking driving potential demand.　　The strongest crypto investment cases usually begin with a simple question: what creates demand for the token beyond speculation？　　For STX crypto, the answer comes from a growing set of roles tied to Stacks (STX), a Bitcoin layer built for smart contracts and Bitcoin-native financial applications. STX pays network fees, participates in the Proof of Transfer consensus system, can earn rewards paid in BTC through Stacking, and is set to serve as the capacity asset for Stacks proposed self-custodial Bitcoin Staking product.　　That combination places the STX token in a different category from assets whose utility depends mainly on governance or incentive emissions. Its investment case rests on whether Stacks can attract more

08-28Industry

OneKey reproduces transaction replacement attack on outdated Ledger Ethereum app

The in-house security team at open-source wallet provider OneKey said it successfully reproduced an exploit targeting an outdated version of Ledgers on-device Ethereum application in a test environment.　　OneKey founder and CEO Yishi Wang said they executed a “transaction replacement attack” against Ledger Ethereum app 1.22.1 by exploiting a previously patched vulnerability that lets attackers overwrite the transaction waiting to be signed while the user is still reviewing the legitimate transaction.　　Ledger said exploiting the vulnerability required control over communications between the device and its host, such as through malware, compromised wallet software or a hostile webpage. Ledger added app-level safeguards with Ethereum app 1.22.2 released on Aug. 13, before fixing the underlying issue in Secure SDK 26.6.1 on Aug. 21.　　“No Ledger user was hacked. Whats described here is a lab reproduction of a vulnerability in an outdated version of the Ethereum app,” Ledger wrote in a Thursday X post.　　The security test follows the Coldcard exploit in July, when attackers exploited a firmware bug introduced in March 2021 that weakened seed randomness on some Coldcard wallets, leaving the resulting private keys vulnerable to brute-force attacks.　　Ledger had previously said its devices were not affected by the Coldcard vulnerability because recovery phrases are generated

08-28Industry

UK government reports 240 crypto millionaires in 2025

The United Kingdoms tax reporting agency said that 240 people claimed more than 1 million British pounds ($1.4 million) in capital gains from digital assets in the previous tax year.　　According to data from HM Revenue and Customs released on Thursday, 240 people reported about $975 million combined from capital gains tied to cryptocurrency in the 2024 to 2025 tax year, with each reporting more than $1.4 million. This data included 17,600 individuals who reported digital asset gains over the same period, amounting to $1.9 billion, and $18.7 billion in “disposal” from selling or trading assets.　　“Taxes are due on cryptoasset gains just like any other gains, and we want to make sure people making gains from crypto know about what taxes they owe,” said James Murray, Financial Secretary to the UK Treasury and Paymaster General.　　Under the Organization for Economic Co-operation and Development‘s (OECD’s) Crypto-Asset Reporting Framework, onchain crypto activity expected to be taxable totaled $457 billion globally in 2025. The UK will require crypto asset service providers to report data on crypto gains and losses under the framework that might not have otherwise been declared by taxpayers.　　The data came after the UK agency reportedly sent more than 81,000 letters to individuals

08-28Industry

ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.　　The Ethena Foundation opened a vote on a fee-switch proposal under which 95% of the net revenue paid to it from Ethenas core business lines would be used to purchase ENA once the circulating supply of USDe reaches the first proposed milestone of $7.5 billion, the foundation said in a Thursday blog post.　　Tokenholders have until Sept. 2 to cast their votes. At press time, 65 votes representing about 14.4 million ENA in voting power had been cast, all in favor of the fee-switch proposal, according to Snapshot.　　The ENA token rose 10.7% over the 24 hours and gained 27% during the past week to trade above $0.17 as of 8:11 am UTC on Friday, according to CoinGecko data.　　The foundation also said it had bought locked ENA from certain major seed investors who sold some of their holdings during the past nine months. Separately, it agreed with lead investors to release the remaining unvested investor allocations on Oct. 5, replacing the existing monthly

08-28Industry

‘Make tokens great again!’ — ENA hits yearly high after Ethena makes 4 changes

The Ethena Foundation has announced four ecosystem updates that analysts have billed as extremely bullish and long overdue.　　First of all, the Foundation said it has bought all the locked tokens from some major seed investors that had sold $ENA in the last nine months. Additionally, monthly VC overhang has ended, scrapping off one major bearish factor for $ENA in the past.　　However, team tokens will remain locked as per earlier plans.　　The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens.　　In 2024, Ethena raised over $180M by selling 315 million $ENA tokens. This came back as persistent VC overhang until the latest update.　　Thirdly, $ENA will now be aligned with the ecosystem, with brand and intellectual property (IP) rights assigned to the Foundation and governed by token holders. There will be no payouts to private investors in Ethena Labs (the entity responsible for building the ecosystem products).　　Here, its worth noting that the battle over IP ownership and revenue is what triggered the historic Aave governance spat. However, Ethena has taken the opposite route to avoid an Aave-like divisive civil war.　　Finally, the project has announced a fee switch and an $ENA buyback

08-28Exchange

ENA Rises 10% after Ethena Foundation Reveals Token Buyback Proposal

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.　　The Ethena Foundation opened a vote on a fee-switch proposal under which 95% of the net revenue paid to it from Ethenas core business lines would be used to purchase ENA once the circulating supply of USDe reaches the first proposed milestone of $7.5 billion, the foundation said in a Thursday blog post.　　Tokenholders have until Sept. 2 to cast their votes. At press time, 65 votes representing about 14.4 million ENA in voting power had been cast, all in favor of the fee-switch proposal, according to Snapshot.　　Discover more　　Trading Digital Currencies　　Comparing Top ETFs　　FINANCE　　The ENA token rose 10.7% over the 24 hours and gained 27% during the past week to trade above $0.17 as of 8:11 am UTC on Friday, according to CoinGecko data.　　The foundation also said it had bought locked ENA from certain major seed investors who sold some of their holdings during the past nine months. Separately, it agreed with lead investors to release the remaining unvested investor allocations on Oct.

08-28Industry

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