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Coinbase taps former Cash App exec as new CMO
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Coinbase taps former Cash App exec as new CMO

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U.S.-based cryptocurrency exchange Coinbase has hired Cathrine Ferdon, a former executive at digital payments platform Cash App, as its new chief marketing officer.

Summary

  • Coinbase has hired Cathrine Ferdon as its new chief marketing officer.
  • Ferdon, former CMO of Cash App, will help drive Coinbase’s expansion effort.

Coinbase has announced that Cathrine Ferdon, who joins from Block Inc.-owned digital wallet platform Cash App, will serve as the company’s new chief marketing officer.

Ferdon will lead the exchange’s global user growth initiative, with the crypto exchange currently among the top publicly traded companies and boasting over 120 million users across more than 100 countries.

Coinbase, which has over $425 billion in assets on the platform, has said it seeks to onboard one billion people. Ferdon will be tasked with putting this cryptocurrency goal into further traction.

“With deep experience championing disruptive technology, most recently as CMO of CashApp, Cat is the perfect person to steer our mission of onboarding a billion users and increasing economic freedom around the world,” Coinbase posted on X.

New CMO to help Coinbase grow its brand

The former Cash App exec’s hire comes as Coinbase and many other crypto platforms in the U.S. eye growth amid a crypto-friendly regulatory regime under President Donald Trump’s administration. 

With regulatory clarity on the table as agencies like the Securities and Exchange Commission and Commodity Futures Trading Commission engage industry players, the next steps for Coinbase and others may be compliance and expansion.

Ferdon says she’s ready to help the crypto behemoth achieve this.

“I’m thrilled to share that I’m joining Coinbase as Chief Marketing Officer! I’ve long been a fan of Coinbase as a product and as a disruptive brand willing to fight for economic freedom around the world,” Ferdon posted on X. “I can’t wait to roll up my sleeves with Brian Armstrong, Emilie Choi, and the rest of the team, at a time when the very definition of finance is changing and crypto is finally becoming more accessible and open,” she added.

Brian Armstrong, co-founder and chief executive officer of Coinbase, and Emilie Choi, president and chief operating officer, are among the key figures at the crypto exchange.



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Major XRP Ledger Amendment to Officially Launch in Hours: Details
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Major XRP Ledger Amendment to Officially Launch in Hours: Details

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XRP Ledger is set to welcome a major amendment in the coming hours. According to Vet, the Credentials amendment on XRP Ledger is set to activate in hours. Credentials can be applied to attest to a compliance requirement such as KYC and AML for a user/institution and issued to their Decentralized Identity.

The credentials amendment has received 28 out of 35 votes (82.86%) and is expected to activate Sept. 4, 2025, 3:51:21 a.m. UTC.

In 15 hours the Credentials amendment on the XRP Ledger will be active.

Credentials can be applied to attest a compliance requirement like KYC and AML for a user/institution and issued to their Decentralized Identity.

All natively on the XRP Ledger.

That’s today’s Alpha. pic.twitter.com/6RbKVpq9Pd

— Vet 🏴‍☠️ (@Vet_X0) September 3, 2025

According to XRP Ledger documentation, Credentials represents a set of tools for managing authorization and compliance requirements using XRP Ledger and adds three new transaction types for managing credentials. These are CredentialCreate transaction, which creates a credential in the ledger; CredentialAccept transaction, which accepts a credential issued, and CredentialDelete transaction, which deletes a credential from the ledger.

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Among other things, Credentials modifies an existing transaction type, adds a new field to several existing transaction types, adds a new type of ledger entry, modifies an existing type of ledger entry and also allows lookup of Credential entries.

In the past week, three amendments, fixAMMv1_3, fixEnforceNFTokenTrustlineV2 and fixPayChanCancelAfter, were activated on the XRP Ledger mainnet.

XRP up 400%

According to CoinGecko data, XRP is up 400% on a one-year basis. In terms of percentage gain, XRP surpasses that of lead cryptocurrencies Bitcoin and Ethereum, which posted yearly returns of 88% and 73%, respectively.

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At the time of writing, XRP was trading 1.61% higher in the last 24 hours to $2.87 as the broader crypto market revived bullish momentum after an earlier drop at September’s start. XRP fell for six straight days before rebounding from Sept. 1 low of $2.69. XRP recovery reached an intraday high of $2.88 on Thursday, with traders now watching for what comes next.

On the upside, immediate resistance lies at the daily SMA 50 at $3.09, $3.38 and $3.66. If these hurdles are cleared, XRP might aim for $4 next. Major support remains at the daily SMA 200 at $2.48 in the event of a drop.





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ECB President Christine Lagarde (Alexandros Michailidis/Shutterstock)
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U.S. CFTC Gives Go-Ahead For Polymarket’s New Exchange, QCX

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The U.S. Commodity Futures Trading Commission has freed up prediction market firm Polymarket’s QCX acquisition from certain disclosure and data requirements as the company moves forward in its U.S. business offerings.

QCX, which got its license to start operations in July before it was snatched up later that month by Polymarket, has been granted a “no-action letter” from the CFTC, allowing it to operate in specifically defined ways without drawing enforcement attention. The firm was acquired by Polymarket in hopes of its official return to U.S. business, which it was forced to abandon in 2022 under direction from the regulator.

Polymarket has since emerged from earlier federal investigative interest as the U.S. government has eased its tense relationship with this sector, and companies — also including rival Kalshi — have been given more free rein. The field, as a result, has begun to explode in visibility and usage.

Wednesday’s decision from two relevant divisions within the CFTC — at the staff level and not a commission ruling — “is similar to previous no-action positions taken with respect to reporting certain binary options transactions and similar transactions,” the agency noted. The letter doesn’t explicitly address prediction markets, but it notes its position on the “recordkeeping regulations for event contracts.”

Though he hasn’t been confirmed by the U.S. Senate, yet, President Donald Trump’s nominee to run the CFTC, former Commissioner Brian Quintenz, has close ties to Kalshi as a board member and told lawmakers that the binary event contracts offered at such firms are appropriate “hedging tools.” Even without his arrival, the agency has been taking a friendlier stance, with Acting Chairman Caroline Pham saying the CFTC has let itself get bogged down in a “sinkhole of legal uncertainty” as it pursued legal cases against the industry.

Read More: Robinhood Partners With Kalshi to Launch NFL and College Football Prediction Markets



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MEXC’s Zero-Fee Futures Strategy Fuels Record Q2 Growth
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MEXC’s Zero-Fee Futures Strategy Fuels Record Q2 Growth

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

MEXC, one of the world’s fastest-growing cryptocurrency exchanges, reported record growth in the second quarter of 2025 after rolling out a zero-fee campaign on high-demand futures pairs.

The bold strategy, designed to reduce barriers to entry and capture market momentum, comes as the broader digital asset market continues to embrace stablecoins amid broader crypto adoption.

Zero-Fee Push Aligns with Market Focus

According to the CoinGecko Q2 2025 Crypto Industry Report, the total cryptocurrency market capitalization rose 24% quarter-on-quarter, while the stablecoin market hit an all-time high of $243.1B. $USDC expanded by $1.4B in circulation, highlighting investor appetite for compliant, dollar-backed assets.

MEXC seized on the trend by eliminating trading fees on selected $USDC-margined futures pairs. The initiative gave traders cost-free access to fast-growing markets while positioning the exchange at the center of the industry’s shifting narrative.

By zeroing in on where the liquidity was flowing and removing cost friction, MEXC amplified user participation and market depth across key pairs.

Winners Among Trading Pairs

The exchange’s campaign produced notable winners across both mainstream and emerging assets:

  • $TON/$USDC captured 42% market share in its category.
  • $ETH/$USDT, the flagship mainstream trading pair, secured a 33% share.
  • $ONDO/$USDC and $POPCAT/$USDC each posted more than 5% market share gains.

The results underscored how MEXC’s mix of blue-chip tokens, infrastructure plays, and high-risk meme coins allowed the platform to serve a broad spectrum of trading appetites.

$ETH and $TON attracted institutional-minded investors, while $POPCAT drew in speculative retail traders and meme coin degens chasing volatility.

From Meme Frenzy to Mainstream Focus

The strong quarterly performance also reflected a broader pivot in market psychology. In the first quarter, the meme coin market profited from tokens like Dogwifhat, Brett, and Book of Meme surging in popularity.

But as US regulators passed crypto-friendly rules and fostered a more welcoming blockchain framework, investors redirected their attention to infrastructure upgrades, DeFi applications, and regulatory-friendly assets in Q2.

MEXC’s zero-fee campaign mirrored this change in sentiment. By offering cost-free access to sectors aligned with the new narrative, the exchange effectively turned user preference into trading volume.

Building a Foundation for Long-Term Growth

The zero-fee initiative not only lowered trading costs but also created a feedback loop of higher participation, deeper liquidity, and growing market share.

The campaign laid the groundwork for the exchange’s next phase of expansion, particularly in futures markets where competition among global platforms remains fierce.

With over 40M users spanning 170 countries, MEXC has built a reputation as one of the industry’s most accessible exchanges. The platform frequently lists trending tokens, provides promotional airdrops, and maintains one of the lowest fee structures in the sector.

Its focus on simplicity – under the motto ‘Your Easiest Way to Crypto’ – has helped it build a strong following among both retail traders and more seasoned investors.

Industry Context: Stablecoins and DeFi in the Spotlight

The emphasis on $USDC-margined pairs comes at a time when stablecoins are increasingly viewed as the backbone of the crypto economy. Beyond functioning as a liquidity layer, stablecoins are now integral to payment rails, cross-border settlement, and decentralized finance platforms.

The $243.1 billion stablecoin market cap milestone in Q2 reflects both resilience and evolution.

The sector is expanding not just in raw numbers but also in diversity, with compliant tokens like $USDC gaining traction alongside algorithmic and yield-bearing alternatives.

MEXC’s decision to highlight $ONDO/$USDC as part of its zero-fee campaign reflects how exchanges are now competing not just on volume but also on narrative alignment with emerging sectors.

DeFi has also continued to capture institutional interest, with projects like Ondo Finance ($ONDO) demonstrating new ways to bridge traditional financial instruments with blockchain technology.

MEXC Looks to the Future

The strong quarterly showing cements MEXC’s status as one of the most competitive exchanges in the futures market.

The zero-fee futures initiative may prove to be more than just a short-term promotional boost. By positioning itself as the go-to platform for traders chasing the most relevant narratives, the exchange has built a strategic foundation that could sustain growth well into 2026 and beyond.

As always, do your own research. This isn’t financial advice.

Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/mexcs-zero-fee-futures-drive-q2-growth-stablecoins-defi

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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You Can Earn Bitcoin By Playing These Free Games
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You Can Earn Bitcoin By Playing These Free Games

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In brief

  • There are many free-to-play games that pay players real Bitcoin rewards.
  • You’ll typically earn amounts in satoshis, or the smallest denomination of Bitcoin (1/100,000,000 BTC).
  • Such games are often loaded with video ads, but that’s the trade-off for earning Bitcoin.

Bitcoin pushed to yet another all-time high price mark in August, maintaining recent momentum as analysts project another record surge in the near future.

If you’re keen on stacking satoshis however you can, then here’s one way that won’t cost you anything but time: You can earn Bitcoin by playing a bunch of free games. Decrypt’s GG has been covering the rising trend of free-to-play mobile games and apps that offer up small bounties of Bitcoin for playing levels and seeing ads all the while.

While the amounts given are historically tiny, in our experience, the rising price of Bitcoin means that they are becoming… well, less tiny. And if your goal is amassing Bitcoin in any way that you can, then these are certainly among the most enjoyable ways to earn a bit of free BTC. Here’s a look at some of the games you can play, with links to our coverage on each.



Learn Botanix, earn Bitcoin

Here’s the latest addition: Bitcoin layer-2 network Botanix launched its mainnet on July 1, and alongside the rollout was a browser-based game, Bitcoin 2100, that lets you earn real Bitcoin on the scaling network.

According to Botanix, Bitcoin 2100 is an educational game that lets you earn satoshis for completing quests. They’ll teach you about Bitcoin and Botanix, plus there will be partner quests over the next couple months that explain more of the Botanix ecosystem while handing out more BTC. It’s real Bitcoin that you can cash out to your wallet, so give it a whirl.

Bitcoin 2100 is an immersive experience where you can explore a city built on Bitcoin.

Play games, Complete weekly quests via Intract (Soon), discover ecosystem partners, and earn rewards.

Connect your wallet, bridge to Botanix, and start the journey. pic.twitter.com/w4xA3WM20A

— Botanix | Mainnet LIVE 🟢 (@BotanixLabs) July 3, 2025

Mine fake Bitcoin, earn real BTC

Here’s a fun riff on the concept of crypto mining: Bitcoin Miner for iOS and Android tasks you with building an elaborate mining operation across all sorts of cryptocurrencies, including Dogecoin and those that don’t even have mining capabilities in real life, like Solana. And the reward? Real Bitcoin, in the form of satoshis that you can stack up while playing.

Screenshots from Bitcoin Miner. Image: Decrypt

This idle game is simple and colorful, with an appealing pixel aesthetic and a fun sense of humor. It’s a game you can play for a couple minutes here and there, but you’ll also keep earning in-game coins and potential rewards all the while.

Granted, Bitcoin Miner does turn repetitive after a while and the full-screen video ads are obnoxious, yet this is one of the rare play-to-earn games that we keep coming back to time and again. And with a new mid-week limited-time event added in addition to the usual weekend one, it is implementing more variety over time.

Mining asteroids for Bitcoin

Here’s an amusing iOS and Android game that you can pop into for a few minutes at a time to stack sats. SpaceY is an idle asteroid-mining game for phones and tablets, and it’s decidedly straightforward in approach: You tap asteroids to scan them, tap again to mine them, upgrade your ship and tech over time, and then repeat as you hop across the galaxy.

What’s refreshing about SpaceY is that it doesn’t force you to watch obtrusive, full-screen video ads. Instead, it rewards you for watching them in the form of free bonuses or resource boosters. It actually makes you want to watch them to get ahead faster, and all the while you’ll earn satoshis that you can cash out to a ZBD wallet.

Into the Bitcoin mines

Launched in fall 2024, Idle Mine! Earn Real Bitcoin is one of the latest iOS and Android titles from Fumb Games. And while it certainly sounds similar to Bitcoin Miner, it takes a different approach to a similar theme.

Here, you won’t mine (fake) digital coins. Instead, you’ll mine physical gems and resources, like ruby and sapphire, continuously upgrading your mine and workers while earning real Bitcoin along the way. It’s packed with video ads, but they’re all optional—and pretty beneficial too.

Screenshots from Idle Mine. Image: Decrypt

We’ve earned thousands of satoshis from playing this game, and while it’s not as exciting or whimsical as Bitcoin Miner, it’s an easy game to fire up and half-play while working, making dinner, or watching TV.

Bitcoin Sudoku

If you dig sudoku and want to earn a little bit of crypto while playing, then Bling Financial’s Bitcoin Sudoku will do the trick. It’s a solid mobile recreation of the number plotting puzzler, and because each puzzle takes longer than in many of the other Bitcoin-infused games on this list, there are fewer annoying ads that pop up along the way.

Bitcoin solitaire games

There are a couple iOS and Android solitaire games that let you stack sats as you stack digital cards. Club Bitcoin: Solitaire and Bitcoin Solitaire basically do some variation of the same thing, but vary in presentation, tolerability of ads, and amount of Bitcoin you might actually earn. Click here to read a comparison of the mobile games and find links to download each.

Bitcoin bubble shooters

There are plenty of bubble-matching puzzle games like Puzzle Bobble/Bust-a-Move on iOS and Android, but Bitcoin Pop and Bitcoin Bay are unique in that they let you earn Bitcoin while you play. Which game offers the best balance of fun and earning funds? Read our head-to-head review to see which bubble popper we liked best.

Bitcoin puzzle games

We also reviewed a pair of mobile puzzle games that both pack in Bitcoin earnings: Sweet Bitcoin and Ethereum Blast. Sweet Bitcoin is a pretty straightforward Candy Crush Saga clone, but among mobile puzzlers in this category, it’s solidly entertaining. And despite the name, the block-clearing puzzle game Ethereum Blast actually does give you the option to cash out your rewards in Bitcoin.

Another fun mobile puzzle game that pays out Bitcoin rewards is Word Breeze, which serves up a familiar premise—part anagram solver, part crossword filler—and doles out points that you can exchange for satoshis. It’s hardly mind-blowing and the ads are a bit overwhelming, but it’s one of the most fun play-to-earn Bitcoin games we’ve played to date.

Bitcoin mobile games

Thanks to a collaboration between ZBD and advertising platform Adjoe, you can earn Bitcoin by playing more than 100 different Android games—including hits like Match Masters and Dragon City. You’ll have to play them through the ZBD Android app to earn satoshis as you watch ads between games, however.

Bitcoin walking app

sMiles is a mobile app that lets you earn Bitcoin for being active, and its Bitcoinverse feature is a location-based game that rewards you with BTC for walking to various preset destinations on the map. Powered by Bitcoin’s Lightning Network, sMiles aims to motivate users to get out and explore via BTC incentives.

Need more?

While we’ve played and covered numerous games that let you earn Bitcoin, there are even more out there that might be worth checking out. For example, Bling Financial has games like Bitcoin Food Fight and Bitcoin Blocks, while the Android version of Fumb’s Merge Monsters offers Bitcoin rewards; the iOS version does not, as of this writing.

ZBD is also continuously adding new games to its Bitcoin rewards app too. Stay tuned as we’ll continue to cover Bitcoin play-to-earn games as they emerge.

Editor’s note: This story was originally published on November 10, 2023 and was last updated with new content on September 3, 2025.

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Why Solana’s vertical accumulation suggests a price rally to $260
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Why Solana’s vertical accumulation suggests a price rally to $260

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Solana crypto price has reclaimed critical support at $197, reinforcing bullish market structure. With higher lows intact, the stage is set for a potential expansion toward the $260 resistance level.

Summary

  • Solana has reclaimed $197 support above the value area high.
  • Market structure remains bullish with higher highs and higher lows.
  • A breakout with strong volume could target $260.

Solana (SOL) price action continues to display strength after securing support at $197, a level that now sits above the value area high of its broader trading range. This structural reclaim highlights a strong bullish foundation, with higher highs and higher lows forming consistently. Adding to this momentum, tokenized assets on Solana have now surpassed $500 million, underscoring the network’s expanding utility beyond memecoins. Market participants are closely watching for volume confirmation to validate an expansion phase.

Solana price key technical points

  • Support Reclaim: $197 serves as critical high-time-frame support, sitting above the value area high.
  • Market Structure: Consecutive higher lows confirm a bullish vertical accumulation setup.
  • Upside Target: Break above local resistance could open the path to $260 in the short-to-mid term.

SOLUSDT (1D) Chart, Source: TradingView

The reclaim of $197 marks a significant structural win for Solana bulls. This level aligns with the value area high of the previous trading range, providing a strong technical floor. Since the reclaim, the price has consistently printed higher highs and higher lows, confirming that bullish momentum remains intact.

Solana’s price action suggests vertical accumulation, where buyers steadily push the asset higher through repeated support retests and higher low formations. The structure implies that once strong volume influxes arrive, the market is positioned for a sharp expansion phase. The $260 resistance zone has emerged as the next critical level to watch, as it aligns with the broader bullish trajectory.

Despite this bullish structure, volume remains the missing component. Current impulsive moves have not yet been supported by strong sustained demand. Historically, Solana rallies are marked by decisive increases in volume, which not only fuel expansion but also validate continuation patterns. Traders should therefore monitor for bullish influxes on the volume profile to confirm the next leg higher.

What to expect in the coming price action

As long as Solana maintains support above $197 and continues forming higher lows, the probability favors a rally toward $260. A breakdown below $197 on a closing basis would invalidate the bullish structure.



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Shiba Inu (SHIB): No One Selling? Exchange Deposits Near-Zero
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Shiba Inu (SHIB): No One Selling? Exchange Deposits Near-Zero

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  • Shiba Inu exchange flows
  • Good old triangle

For the first time, Shiba Inu is at a turning point, and it’s not just the charts that count. Exchange depositing transactions have dropped to extremely low levels, according to on-chain data, indicating that there isn’t any fresh selling pressure hitting the market.

Shiba Inu exchange flows

This could be interpreted as a bullish sign on the surface, since there would be less supply available to be dumped on the market right away if fewer investors were sending SHIB to exchanges. Compared to previous peaks over 900, the most recent data shows a dramatic decline, with only 222 depositing addresses.

SHIB/USDT Chart by TradingView

This implies that instead of getting ready to sell, traders are keeping their tokens. There is a significant catch, though: Exchanges already have trillions of SHIB on hand. If sentiment turns negative, this enormous stockpile could still have a significant impact on price action, even in the absence of fresh inflows.

Good old triangle

Technically speaking, SHIB is consolidating in a tight symmetrical triangle, with the price circling $0.0000123. As the token moves closer to the formation’s tip, the structure indicates impending volatility. Although a breakdown below $0.0000120 runs the risk of causing another leg lower, possibly testing $0.0000105, a clear breakout above resistance at $0.0000130-$0.0000131 could pave the way for a relief rally.

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The on-chain metrics show that there is neither new selling pressure nor a sizable influx of new buyers. At 46, the RSI is almost neutral, allowing for a swing in either direction.

The collapsing depositing transactions, which suggest a brief lack of aggressive sellers, are SHIB’s final bullish indicator. However, the downside risk persists due to the sheer number of tokens already present on exchanges. In the meantime, SHIB investors are left to keep a close eye on the price as it coils tighter, hoping to see if the market will collapse due to its own supply or if the breakout will ultimately favor the bulls.



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Utila founders Sam Eiderman, CTO, and Bentzi Rabi, CEO (Utila)
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Silent Data Becomes First Privacy-Focused Layer 2 to Join Ethereum’s Superchain

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Silent Data, a new Ethereum Layer 2 network developed by Applied Blockchain, has become the first privacy-focused chain to join the Superchain, the company said in a Wednesday press release.

Built on the OP Stack, the London-based project is designed to let organizations run blockchain applications without exposing sensitive information, combining what it calls “programmable privacy” with scalability, performance, and regulatory alignment.

The OP Stack is the open-source development stack that powers the Optimism blockchain.

“Leveraging the OP Stack allows us to integrate into a robust and widely adopted Layer 2 ecosystem,” Applied Blockchain founder and CEO Adi Ben-Ari, said in the statement.

A layer 1 network is the base layer, or the underlying infrastructure of a blockchain. Layer 2 refers to a set of off-chain systems or separate blockchains built on top of layer 1s.

The Superchain, an ecosystem of more than 30 Layer 2 networks, includes Coinbase’s Base, OP Mainnet, Kraken’s Ink, Sony’s Soneium, Uniswap’s Unichain, and World Chain.

Silent Data is the first to introduce a privacy wrapper, enabling sensitive workloads to be executed on-chain without losing transparency or composability.

The project recently launched with a library of privacy-enabled applications and is already being tested across several industries.

Companies exploring its use include Tokeny, an Apex Group company, and Archax in real-world asset tokenization; Shell in energy trading; and CRYOPDP, a subsidiary of DHL Health Logistics, in healthcare and supply chain management.

Its stack can also be adopted by other Superchain layer 2s or projects looking to deploy their own rollups, signaling a wider move to bring enterprise-ready privacy into blockchain infrastructure, the firm said.



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Ethereum Leads Market Rotation Amid Shifting Liquidity On Binance, Is A Rebound In Sight?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After days of downward pressure and decline, Ethereum, the leading altcoin, appears to be staging a comeback as it surges toward the $4,400 price level. Despite the period of bearish price action, the second-largest asset continues to see serious interest from investors, especially on the Binance crypto platform.

Liquidity Migration, And Ethereum Is Dominating The Trend

As the market turns bearish, liquidity flows and investor behavior on Binance, the world’s largest cryptocurrency exchange, are revealing a clear market rotation. In the midst of this crucial market shift is Ethereum, as the altcoin heavily dominates the trend.

Following his analysis, Darkfost highlighted that ETH is gaining a disproportionate amount of trading activity on the Binance platform while capital moves across assets. This dominance of ETH indicates a renewed belief in the asset’s ongoing rally and long-term potential.

According to the on-chain expert and author, a noticeable change in investor behavior occurred on Binance during the month of August, which marked the first of its kind since 2023. Meanwhile, Ethereum took the center stage with a massive increase in trading volume over other major assets.

ETH trading volume surges | Source: Chart from Darkfost on X

In addition to dominating other major assets listed on Binance, the altcoin outpaced Bitcoin’s trading volume on the platform. This spike in interest coincides with ongoing market volatility, underscoring ETH’s developing position as the hub of momentum and liquidity in the exchange ecosystem.

Data shared by Darkfost shows that ETH recorded nearly $550 trillion in trading volume on Binance in August alone. After calculating Binance’s trading volume, this figure represents roughly 54% of the total volume. Darkfost also highlighted that investor interest in the altcoin seems to have increased sharply on the Binance platform, which has triggered a clear liquidity rotation. 

With most cryptocurrencies still struggling and Bitcoin recently reaching a new all-time high around $123,000, this dynamic has largely driven the increased attention to ETH and contributed to its current outperformance. Historically, a portion of the capital has tended to shift into ETH following a robust bullish leg from BTC before spreading to the rest of the market.

ETH Exchange Reserves Are Dropping

Another metric that reflects this renewed wave of interest is the Ethereum Exchange Reserve on Binance. Despite ETH’s continuous decline in price after reaching a new all-time high, Crypto Sunmoon’s quick-take post shows that demand for the altcoin remains strong compared to Bitcoin.

While Bitcoin reserves on the Binance platform have stayed comparatively constant, Ethereum reserves are exhibiting a persistent downward trend. According to the on-chain expert, this divergence implies that there is more demand for Ethereum than for Bitcoin, as market participants are actively accumulating ETH even during the present price consolidation phase.

Also, a declining exchange reserve is an indication that investors are moving their holdings off centralized exchanges to long-term storage or cold storage. Such a trend points to growing conviction among investors, which typically reduces selling pressure on ETH.

ETH trading at $4,310 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Kevin Spacey Reveals Film Created With Alleged Crypto Ponzi Schemer

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In brief

  • Kevin Spacey has returned to directing with “Holiguards Saga—The Portal of Force,” a sci-fi film written by Russian entrepreneur Vladimir “Lado” Okhotnikov.
  • Okhotnikov, co-founder of Ethereum DeFi app Forsage, faces U.S. fraud charges tied to an alleged $300 million crypto Ponzi scheme.
  • The film, which is inspired by Okhotnikov’s libertarian principles, is the first chapter in a planned trilogy.

Kevin Spacey unveiled his latest comeback project at the Venice Film Festival this weekend—an intricate sci-fi film starring, produced, and written by a Russian man accused by the U.S. government of running a crypto Ponzi scheme.  

The film, “Holigaurds Saga—The Portal of Force,” was directed by Spacey, from a script written by Vladimir “Lado” Okhotnikov, a co-founder of Ethereum decentralized finance app Forsage.

In 2022, the SEC sued Forsage’s founders, including Okhotnikov, for engaging in a scheme to defraud investors of over $300 million, among other charges. Variety first reported the connection.

The following year, the Department of Justice charged Okhotnikov and his partners for running a “global Ponzi and pyramid scheme”, which federal prosecutors touted, at the time, as the first criminal fraud case in U.S. history “involving a DeFi Ponzi scheme.”



The DOJ has alleged that while Forsage promoted itself as a complex and lucrative decentralized matrix project, the project instead hinged on smart contracts on Ethereum, Tron, and BNB Chain that would automatically divert funds from new Forsage investors to earlier Forsage investors. 

The DOJ said over 80% of investors lost money investing in the project. Okhotnikov has repeatedly denied claims that Forsage intentionally defrauded its customers. 

In a YouTube video posted shortly after the SEC announced its charges against him, Okhotnikov said Forsage was not a scam because “real scams can never win people’s hearts.”

No court date has yet been set for Okhotnikov’s criminal case. The tech founder resides in Dubai, where he remains outside of U.S. jurisdiction.

This past weekend, the cast and crew of “The Portal of Force” gathered in Venice for an elaborate gala unveiling the film’s trailer. The evening featured a speech from Spacey, an opera singer, and a costumed troupe of two dozen Georgian dancers, according to the Hollywood Reporter.

Here’s the trailer shown in Venice for Kevin Spacey’s Holiguards Saga – The Portal of Force starring him with Dolph Lundgren, Eric Roberts and Tyrese, all seen in this 2-minute clip. pic.twitter.com/5pXXkjMyWe

— Chris Gardner (@chrissgardner) August 31, 2025

“The Portal of Force” is intended to be the first of a trilogy of films depicting an epic conflict between two ancient supernatural species, the Holiguards and the Statiguards, which is upended when one side uses a cosmic portal to contact an ancient force known as the Prime. The film stars Spacey alongside Dolph Lundgren, Tyrese Gibson, and Eric Roberts.

The movie marks the first Spacey has directed since 2004. It is one of a number of projects the Oscar-winning actor, who withdrew from filmmaking after facing allegations of sexual misconduct in 2017, has embarked on since being acquitted on sexual assault charges by a London jury in 2023.

In a recent interview with the Jerusalem Post, Okhotnikov said he wrote the film in part to reflect his libertarian worldview, and examine the eternal struggle between conformity and freedom. 

The entrepreneur is currently focused on a metaverse wellness startup, Holiverse, which promises to one day virtually simulate users’ bodies by integrating “various products, biohacking, genetics, creativity, and self-development,” and, by doing so, potentially extend human lifespans.

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