XRP traders bet on a rebound as price slips to $1 and bearish chatter surges

SummaryXRP is hovering around $1 as futures open interest and trading volumes climb, with Binance and OKX traders heavily skewed toward leveraged long positions.Social-media sentiment toward XRP has turned the most negative in three months even as futures positioning nears levels last seen when the token traded several times higher.Network activity is picking up, with nearly 50,000 active addresses in 24 hours, and analysts warn that a break below $1 could trigger forced selling from overleveraged longs.  XRP traders are increasingly betting on a rebound even as the token struggles around $1 and online commentary turns its most bearish in three months.  Futures open interest, the money tied up in outstanding derivatives positions, rose to about $2.78 billion on Monday, up 2% over 24 hours, with trading volume jumping 55% to roughly $1.17 billion, according to CoinGlass.  More than three accounts on Binance held long XRP positions for every one holding a short, and the ratio among the exchanges largest traders was about 3.6 to one. OKX showed the same 3.6-to-one split.  A long position is a bet that the price will rise. Leverage lets a trader make a larger bet than their money would otherwise buy, at the cost of being automatically forced

08-17انڈسٹری

The bitcoin futures market looks like a crowded club with a tiny exit – and it could cause pain

Volume, meanwhile, is dead simple as it measures the number of contracts that changed hands during a given period. Think of it as measuring how many times the front door of that exclusive club opened and closed over a given period, regardless of who stayed. It thus represents the degree of churn or liquidity available to manage positions.  So, the latest case of volume falling far behind OI is like a large club with a tiny exit door. What happens if a large number of people try to rush out?  Because overall investor positioning is massive, a sudden catalyst could trigger a wave of contract closures, such as forced liquidations due to margin shortages. Without the underlying daily volume to provide liquidity, the market may not be able to absorb the rush smoothly, leading to volatile, exaggerated price swings.  “The risk is mechanical. When open interest towers over daily volume, liquidations meet little resting flow to absorb them, and adverse moves extend further than they otherwise would. Traders have added substantial risk, most of it long, into a market that shows no matching demand,” blockchain analytics firm Glassnode said in a report.  The risk of an exaggerated move is particularly likely to the downside

08-17انڈسٹری

Solana ETF Inflows Surge 70x to Best Week Since May, But Theres a Catch

Solana (SOL) spot exchange-traded funds (ETFs) drew $10.26 million in the week ending August 14, according to SoSoValue. That total ran roughly 70 times the prior weeks roughly $144,930.  The intake marks the strongest week since May 22. Two funds produced almost all of it across two sessions.  Sponsored  Sponsored  Bitwise and Morgan Stanley Took the Entire Week  Bitwise‘s Solana ETF (BSOL) attracted $8.8 million on August 10, accounting for the bulk of the week’s inflows. It was also the funds largest single-day inflow since May 12, according to SoSoValue data.  Morgan Stanleys Solana Trust (MSOL) followed with $1.43 million in inflows on August 11. Together, the two funds accounted for virtually the entire $10.26 million weekly total.  VanEck, Fidelity, 21Shares, Franklin Templeton, and Grayscale, meanwhile, recorded zero net flows throughout the week. This left the weekly rebound concentrated in just two funds and two trading sessions.  Overall, Solana ETFs have now recorded net inflows for seven consecutive weeks, bringing total inflows over that period to $28.05 million. The funds ended the week with $893.5 million in net assets, while cumulative inflows since launch reached $1.16 billion.  Despite the renewed ETF demand, SOL price action remained subdued. The token traded fell 1.18%, leaving the latest ETF inflows largely disconnected

08-17انڈسٹری

Apple patches macOS flaw exploited to mine Monero

Apple has patched a critical macOS Screen Sharing vulnerability after attackers exploited internet-facing Macs to gain root access and install Monero mining software, according to an updated warning from the Netherlands National Cyber Security Centre.  The Dutch NCSC updated its advisory on Aug. 12 to confirm active exploitation of CVE-2026-65400 on multiple systems with port 5900 exposed to the internet. In every reported case, attackers obtained root access and installed a Monero miner. The agency did not disclose how many Macs were compromised or identify the attackers.  Apple Screen Sharing flaw bypasses authentication  Apple patched CVE-2026-65400 on Aug. 6 in macOS Tahoe 26.6.1, Sequoia 15.7.9 and Sonoma 14.8.9. The company described it as an authentication flaw caused by improper state management that could allow an attacker on the network to access Screen Sharing without valid credentials.  Security firm Huntress found that the flaw affects the Secure Remote Password authentication process used by macOS Screen Sharing. Its analysis showed an attacker could cause the service to treat an unauthenticated connection as authenticated and obtain privileged access.  Because exploitation occurs before normal authentication, Huntress said changing a Screen Sharing password, disabling legacy VNC authentication or removing authorized user accounts does not address the vulnerability. The recommended fix

08-17انڈسٹری

Novig sues Wisconsin over sports prediction contracts

Prediction market operator Novig has sued Wisconsin Attorney General Josh Kaul and state gaming administrator John Dillett, seeking to stop Wisconsin from applying its gambling laws to sports event contracts traded on the companys federally regulated exchange.  Ludlow Exchange LLC, which operates as Novig, filed the 45-page complaint on Aug. 14 in the U.S. District Court for the Western District of Wisconsin. Novig wants preliminary and permanent injunctions and a declaration that federal commodities law preempts the Wisconsin statutes when applied to its event contracts.  Novig argues CFTC oversight overrides Wisconsin law  Novig‘s case rests on the Commodity Exchange Act. The company argues that its sports contracts are federally regulated derivatives and that Congress placed transactions on designated contract markets within the Commodity Futures Trading Commission’s exclusive jurisdiction. That is Novigs legal position, not a finding already made by the Wisconsin court.  JUST IN: Novig sues Wisconsin, arguing sports contracts are swaps and should fall under the CFTCs exclusive jurisdiction. If upheld, this could sharpen regulatory focus on prediction markets $NOVIG pic.twitter.com/znnsWmNd8U  — Bpay News (@bpaynews) August 17, 2026  The CFTC formally designated Ludlow Exchange as a designated contract market on June 16. Its approval requires compliance with the Commodity Exchange Act, CFTC regulations and the

08-17انڈسٹری

Ethereums Vitalik backs Bitcoin-inspired scaling model

Ethereum co-founder Vitalik Buterin credited Bitcoin developers on Aug. 16 for work on Utreexo while describing a proposed Ethereum scaling direction that could combine UTXO-style state, conventional dynamic state and models between the two.  In an X post, Buterin called it the “current proposed Ethereum scaling strategy,” making clear that the architecture remains under development.  Buterin said the goal is to let most Ethereum activity scale much further without sacrificing decentralization, censorship resistance or ease of running nodes. His comments do not mean Ethereum has decided to replace its account model with Bitcoins UTXO architecture. The relevant designs remain research proposals rather than approved protocol changes.  Bitcoiners deserve a lot of credit for pioneering many of these ideas (see Utreexo).  But yes, this is what the current proposed Ethereum scaling strategy looks like in action.  We want Ethereum to have the best of UTXO-style state, dynamic state, and everything in between,…  — vitalik.eth (@VitalikButerin) August 16, 2026  Bitcoins Utreexo offers a model for reducing node state  Utreexo was introduced by MIT Digital Currency Initiative researcher Thaddeus Dryja in 2019. Instead of requiring a validating node to locally hold the full Bitcoin UTXO set, the design represents that set with a compact hash-based accumulator. Transaction inputs carry inclusion proofs

08-17انڈسٹری

MiCA scam warnings rise as 1,000+ firms lose EU access

MiCA migration scams are targeting European crypto users after the European Unions final grandfathering period ended on July 1, forcing unauthorized crypto asset service providers to wind down covered services and move customers toward licensed firms or self-hosted wallets.  ESMAs June statement requires unauthorized providers to stop onboarding new EU clients and limit activity to an orderly exit.  The regulator also tells customers to check whether a provider appears in its official MiCA register before moving assets. European watchdogs now say fraudsters are exploiting those genuine migration messages by impersonating regulators and licensed exchanges and directing users to fake websites, wallets or platforms.  MiCA deadline created a new migration attack surface  The scale of the migration is large, but the numbers require qualification. A widely repeated estimate of more than 1,700 unlicensed platforms came from data provider VASPnet, not ESMA. CoinDesk cited that estimate alongside ESMA register data showing 323 authorized crypto companies in a late-July snapshot.  EU Regulators Warn of MiCA Migration Scams as 1,700 Crypto Platforms Halt EU Services  More than 1,700 unlicensed crypto platforms were required to stop serving EU users after MiCA took full effect on July 1, while only 323 firms held valid MiCA authorization at the time,… pic.twitter.com/jLa2Kwc9qE  — Wu Blockchain

08-17انڈسٹری

Bitcoin tops $64,000 in Asia morning hours as HYPE jumps 8% on the week

SummaryBitcoin hovered around $63,300 in Asian trading, little changed on the day and lower on the week, as cryptocurrencies stayed stuck in a tight range despite a softer dollar and reduced expectations for Federal Reserve rate hikes.Hyperliquids HYPE token was the standout performer, gaining more than 3 percent on the day and nearly 9 percent over the week, while other major tokens such as ether, solana and XRP saw modest moves and mostly weekly declines.Analysts say fading optimism, weaker exchange-traded fund inflows and uncertainty ahead of this weeks Fed minutes and a White House crypto meeting are keeping crypto markets subdued despite a more supportive macro backdrop.  Bitcoin crossed $64,000 in Asian morning hours Monday, up half a percent on the day but down almost 3% over the week, as a softer dollar and fading rate-hike bets failed to lift crypto out of its recent range.  Hyperliquids HYPE was the standout, up over 3% to $59 and almost 9% on the week, the only major with a meaningful weekly gain. Ether rose over 1% to just under $1,900 but is down 1% over seven days.  Dogecoin added almost 1% to 7 cents, tron under half a percent to just over 33 cents and

08-17انڈسٹری

SNDK stock perpetuals hit $1.73B open interest

Sandisk-linked perpetual futures have become the crypto markets largest equity perpetual trade, with aggregate SNDK open interest reaching $1.73 billion on Aug. 17 across 32 tracked venues.  SummarySNDK stock perpetual open interest reached $1.73 billion, ranking first among equity-linked perpetual contracts globally.Twenty-four-hour SNDK perpetual volume reached $2.51 billion, nearly eight times Microns comparable $320 million volume.SKHX open interest climbed to $1.35 billion, narrowing SNDKs lead from earlier reported comparisons substantially.Jane Street disclosed 7.41 million Sandisk shares, representing exactly 5.0% beneficial ownership in July 2026.Cboe and MIAX records identify major market makers supporting SNDK-related options across multiple traditional venues.  The position puts SNDK ahead of other stock-linked contracts including SK Hynix and SpaceX as crypto exchanges expand around-the-clock derivatives tied to traditional assets. Loris Tools latest data was updated at 02:57 UTC.  Trading activity has accelerated even faster. Aggregate 24-hour SNDK perpetual volume reached $2.51 billion, up 248% from the previous 24-hour period and ranking fourth among all perpetual assets tracked by Loris behind only Bitcoin, Ethereum and Solana. Micron-linked perpetuals generated about $320 million over the same snapshot, meaning SNDK volume was nearly eight times higher.  You might also like:  Binance bStocks tops $610M, overtakes xStocks within two months  SNDK open interest leads a fast-changing stock

08-17انڈسٹری

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

Kraken parent Payward reported $508 million in adjusted revenue for the second quarter, up 17% year over year despite a decline in crypto spot trading and overall transaction volume.  According to Fridays earnings report, total transaction volume fell 13% year over year to $310 billion, while funded accounts increased 42% to 6.6 million.  Payward remained adjusted EBITDA positive at $23 million. Asset-based and other revenue accounted for 60% of total revenue, up from 55% a year earlier, as the company generated a growing share of its revenue outside transaction-based activity.  Payward said growth in traditional futures, equities and tokenized equities helped offset weaker crypto spot activity. The company also said it gained spot market share for a third consecutive quarter.  The results come as Payward has expanded beyond spot crypto trading over the past year into equities, tokenized stocks, pre-IPO exposure and futures.  The company has also broadened its financial infrastructure business through acquisitions including futures trading platform NinjaTrader in May 2025 and regulated derivatives exchange Bitnomial the following year, as well as its more recently announced deal to acquire Magic Labs wallet infrastructure business.

08-17انڈسٹری
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