According to BlockBeats, the Ethereum Proof-of-Stake (PoS) network is experiencing a significant increase in both exit and entry queues. The current exit queue has risen to 914,690 ETH, valued at approximately $4.03 billion, with withdrawal delays extending to 15 days and 21 hours. Simultaneously, the queue for joining the network has also increased, with around 623,750 ETH, worth about $2.75 billion, waiting to be processed. The current waiting period for entry is 10 days and 20 hours. This situation highlights two opposing market forces. On one hand, some stakers may be opting to secure profits following Ethereum's substantial rise since its low in April, leading to a surge in the exit queue. On the other hand, new deposits driven by regulatory benefits and institutional demand are boosting the entry queue. Companies like SharpLink Gaming and BitMine Immersion have increased their ETH holdings and are engaging in staking activities.

Banking groups say the legislation contains a dangerous flaw that could allow exchanges to pay yield on stablecoins, threatening a […] The post Crypto vs. source: https://coindoo.com/crypto-vs-wall-street-banks-sound-alarm-over-stablecoin-loophole/

According to TechFlow, a notable cryptocurrency whale has made a significant move after four years of inactivity. On August 26, data from the on-chain analysis platform Lookonchain revealed that the whale withdrew 6,334 Ethereum (ETH) from a centralized exchange (CEX) 50 minutes prior to the report. The withdrawn ETH is valued at approximately $28.08 million. This activity marks a notable shift in the whale's previously dormant status.

According to Foresight News, data from Santiment indicates that Bitcoin ETFs are experiencing their longest continuous outflow period since early April, spanning six consecutive trading days. This trend is increasingly driven by retail investors, contrasting with earlier patterns dominated by institutional investors. Retail investors tend to make emotional decisions, withdrawing funds from ETFs when they perceive the market has peaked. This behavior can temporarily lead to market declines but often signals an eventual market bottom, similar to the situation observed in April. The ongoing outflows highlight the shifting dynamics in the cryptocurrency market, where retail investors play a more significant role in influencing market trends.

According to Cointelegraph, issuers of cryptocurrency exchange-traded funds (ETFs) are advised to carefully select which digital currencies to include in their offerings, as much of the crypto market remains uncertain. Greg King, CEO of REX Financial, emphasized the need for discernment, noting that the crypto landscape becomes increasingly unreliable beyond the top 10 or 20 cryptocurrencies. King shared these insights during an appearance on Bloomberg's ETF IQ, highlighting the importance of strategic selection by ETF issuers. King expressed skepticism about a significant surge in ETF filings for various cryptocurrencies, although he anticipates a proliferation of funds dedicated to individual coins. The recent success of spot Bitcoin ETFs has prompted issuers to seek approval for a range of crypto funds, especially as the Securities and Exchange Commission (SEC) under U.S. President Donald Trump has adopted a more favorable stance toward the sector. REX Financial is currently awaiting approval for ETFs linked to memecoins, including Bonk (BONK), Official Trump (TRUMP), and Dogecoin (DOGE), which ranks as the tenth largest cryptocurrency by market capitalization. In July, REX Financial introduced a Solana (SOL) ETF that incorporates exposure to staking rewards, which are incentives for locking up tokens to support the blockchain. King advocates for Solana as a promising platform for stablecoins, suggesting it could surpass Ethereum in this domain. He remarked on Solana's superior processing speed and its potential to become a dominant force in the stablecoin market, challenging the prevailing preference for Ethereum. King's comments have sparked debate, with some viewing Solana as a rising contender poised to challenge Ethereum's dominance. King also addressed the anticipated increase in crypto ETFs, predicting a notable expansion in the number of offerings. He highlighted the unique situation in the ETF market, where multiple issuers are eager to launch similar products, as seen with Bitcoin and Ethereum ETFs, and now with Solana. King believes this trend will continue, with Solana emerging as a strong candidate for a spot ETF due to its competitive edge over Ethereum and its attractive staking rewards. Currently, nine issuers have filed to launch a spot Solana ETF, including VanEck, Bitwise, Grayscale, 21Shares, CoinShares, Canary Capital, Franklin Templeton, Fidelity Investments, and a joint fund by Invesco and Galaxy Digital. The SEC is expected to approve these funds for trading by October, with analysts and prediction market participants indicating a high likelihood of approval.

Taylor Thomson, wealthy heir of the giant media empire Thomson Reuters,is locked in a high-stakes legal battle with her former best friend, Ashley Richardson, after losing more than $80 million in cryptocurrency investments.

REX Financial CEO Greg King says the crypto market gets dicey “below the top 10” and ETF issuers should carefully choose what tokens to turn into funds. source: https://cointelegraph.com/news/etf-issuers-be-picky-most-crypto-pretty-sketchy-rex-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

XRP's past peaks came with rising inflows, and today's whale moves could mean more selling pressure may be ahead. source: https://cryptopotato.com/xrp-crashes-back-under-3-deeper-correction-or-bounce-off-next/

According to BlockBeats, the CME's FedWatch tool indicates that there is a 15.4% probability that the Federal Reserve will maintain its current interest rates in September. Conversely, there is an 84.6% chance that the Fed will reduce rates by 25 basis points.

Leading cryptocurrencies dived further on Monday as rising institutional outflows hampered the risk-on sentiment. source: https://www.benzinga.com/crypto/cryptocurrency/25/08/47323534/bitcoin-tumbles-amid-etf-outflows-ethereum-dogecoin-solana-crash-analytics-firm-says-eth-can-make-it-to-5000?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Malaysia’s YTL Group and Singapore’s Sea Limited have launched Ryt Bank, described as the world’s first AI-powered digital bank. It offers daily savings interest, PayLater credit, and cashback rewards, with deposits insured under Malaysia’s banking rules.

According to Cointelegraph, venture capitalist Tim Draper, a founding partner of Draper Associates, believes that altcoins could enhance Bitcoin by serving as testing grounds for upgrades. In an interview on CNBC’s Squawk Box, Draper emphasized that the emergence of various cryptocurrencies over time will contribute to Bitcoin's growing dominance. He noted that competition benefits the global market, highlighting Bitcoin's increasing market share, which has risen from 40% during its initial boom to around 61-62% currently. Draper explained that the dominant supplier tends to build the strongest network, attracting developers to program for it. Draper drew parallels between Bitcoin and Microsoft, noting that when Microsoft first emerged, most developers built on its platform, although some applications were initially created elsewhere before being ported. Microsoft remains a leading tech giant, with its Windows operating system holding over 71% of the market share. Draper observed a similar trend with Bitcoin, where smaller cryptocurrencies experiment with new ideas, which are eventually integrated into Bitcoin, creating a gravitational pull toward it. Despite the emergence of other currencies, Draper believes the overall trend favors Bitcoin. However, data from Electric Capital presents a different perspective, showing only 2,583 developers working on Bitcoin compared to 12,931 on the EVM stack and 9,094 on Ethereum. Draper reiterated his view of Bitcoin as a hedge against poor governance and excessive government spending. He criticized the uncontrolled rise in government spending as a percentage of GDP over the past century, with the U.S. national debt escalating from $395 billion in 1924 to over $37.2 trillion in 2025. Draper argued that Bitcoin serves as a hedge against such spending, offering an alternative to traditional assets like gold. Draper also maintained his prediction that Bitcoin could reach $250,000, potentially rendering the US dollar obsolete, although he acknowledged that this has not yet materialized. He expressed excitement about Bitcoin reaching halfway to his target, recalling his accurate prediction of Bitcoin hitting $10,000 in 2017. Draper had made a fresh prediction of $250,000 by the end of 2022, driven by the success of his earlier forecast. Bitcoin achieved a new all-time high of $124,450 on August 14 but has since decreased by 11.8% to approximately $109,144, according to CoinGecko.

AI makes electricity the "primary variable", and crypto and stablecoins simply connect this physical variable directly to the monetary system; whoever can organize electricity and computing most effectively will be more qualified to define the next generation of monetary interface.

Trump's three-step plan to control the Federal Reserve is underway: replacing Powell, taking control of the Board of Governors, and firing the regional Fed presidents. If Cook is successfully fired, Trump could secure four seats, giving him a majority on the seven-member Fed Board.

The Fed's interest rate cuts are a turning point in the economic cycle, and their consequences go far beyond the surface. Based on historical and current data, the stock market is bullish in the long term, gold, silver, and Bitcoin will benefit, while bond and consumer interest rates will fall, but inflation risks will rise.

Golden Finance has launched the 2797th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

What is the true value of your asset, whether it's a piece of code or a piece of concrete? Is it the current ownership or the infinite possibilities it holds in the future?

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

From a technical perspective, the evolution mechanism and implementation path of stablecoins are systematically explained.

Recommended reading tonight: 1. Coinbase CEO's surprising prediction; 2. Ethereum hits a record high: Why the Fed lit the fuse; 3. Hong Kong's stablecoin is a delivery tool, not a hype opportunity;