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Arbitrum DRIP program launches to reward productive DeFi activity with ARB tokens
NFT Gaming

Arbitrum DRIP program launches to reward productive DeFi activity with ARB tokens

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Arbitrum has launched the DRIP program to incentivize productive DeFi activity by rewarding users with ARB tokens for leveraging lending and looping strategies across its ecosystem.

Summary

  • Arbitrum DRIP Season One incentivizes leverage looping strategies in lending markets, rewarding users with ARB tokens for borrowing and redepositing assets.
  • Eligible assets for collateral include major stablecoins (e.g., USDC, syrupUSDC) and ETH derivatives such as weETH and rsETH.
  • Participating protocols include Aave, Morpho, Fluid, Euler, Dolomite, and Silo, with rewards distributed across two-week epochs.

How Arbitrum DRIP program works

Arbitrum (ARB) has launched the DeFi Renaissance Incentive Program (DRIP), a $40 million initiative designed to encourage productive DeFi activity on its network. Managed by Entropy Advisors and powered by Merkl, Arbitrum DRIP program is structured across four seasons.

Season One, running from Sept. 3 to Jan. 20 focuses on leverage looping strategies in DeFi lending markets, where users can earn ARB tokens by borrowing against eligible ETH and stablecoin assets, redepositing them, and repeating the process to increase their exposure.

For example, a user could deposit syrupUSDC into a participating lending protocol, borrow USDC against it, then swap that borrowed USDC back into more syrupUSDC and redeposit it. By repeating this loop over the two-week epochs, users increase their total borrowed position, and their ARB rewards are calculated based on the time-weighted average borrow balance. Some markets also reward simply supplying assets like ETH derivatives (weETH, wstETH, rsETH) or stablecoins, not just borrowing.

To participate, users must bridge eligible assets to Arbitrum One, choose a participating market—such as Aave, Morpho, Fluid, Euler, Dolomite, or Silo—then deposit collateral, borrow and loop, and finally claim ARB rewards at the end of each two-week epoch.

Arbitrum DRIP program is designed in phases. The first two epochs serve as a discovery phase, allocating only 15% of the budget to identify which markets perform best. Following this, the performance phase rewards top-performing markets with a larger share of incentives, encouraging healthy competition and maximizing liquidity growth across Arbitrum’s DeFi ecosystem.

By incentivizing productive borrowing and looping activity, Arbitrum DRIP program is poised to increase the TVL across Arbitrum’s DeFi ecosystem, which currently stands at approximately $3.21 billion, according to DefiLlama. This places Arbitrum 7th in global DeFi TVL share at 2.1%, just behind Base.

Source: DefiLlama



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Avalanche activity driven by DEXs, trading bots, whale memecoin speculation
NFT Gaming

Avalanche activity driven by DEXs, trading bots, whale memecoin speculation

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Smart contract blockchain Avalanche recorded a consistent surge in blockchain activity, as analysts pointed to growing decentralized trading activities and returning crypto whale speculation on the next emerging memecoin.

Avalanche’s transaction growth surpassed all other blockchains the past week, rising 66% to 11.9 million transactions across more than 181,000 active addresses, signaling growing investor mindshare focusing on the blockchain.

The milestone occurred after a “landmark effort” of the US Department of Commerce, which adopted Avalanche, along with nine other public decentralized blockchains, to publish its real gross domestic product (GDP), Cointelegraph reported on Friday.

Despite Avalanche’s growing institutional and governmental adoption, we “cannot at this point attribute this to the US Government adopting Avalanche for its GDP data,” said Nicolai Sondergaard, research analyst at the Nansen crypto intelligence platform.

The network’s increasing blockchain activity was mainly driven by decentralized finance (DeFi) traders, miner extractable value (MEV) trading bots and whales speculating on the next big memecoin launch, the analyst told Cointelegraph, adding:

“The transaction surge is driven by: 60% DeFi protocol activity (Trader Joe, Aave, Benqi), 25% Automated trading bots and MEV, and 10% Whale trading and memecoin speculation […].”

The research analyst explained that the additional 5% of blockchain activity was attributed to blockchain gaming and non-fungible tokens (NFTs).

Avalanche, top 5 entities by blockchain users, 180 days. Source: Nansen

Related: Avalanche, Toyota Blockchain designing autonomous robotaxi infrastructure

DEX trading, “high-balance” whales drove the majority of Avalanche blockchain activity: Nansen

Cryptocurrency trading on decentralized exchanges drove the lion’s share of Avalanche’s blockchain activity, with Trader Joe DEX as the “primary driver,” which saw over $333 million worth of Avalanche Wrapped Ether (WETH.e) volume during the past seven days.

“Key players” driving this activity included traders on Nansen’s top 100 leaderboard, who made multiple six-figure trades, Sondergaard said.

Aave lending protocol was the secondary driver with $624,000 worth of flash loan activity through DEX aggregators, while the Benqi Protocol was another significant driver, after receiving over $650,000 worth of deposits from cryptocurrency trading bots.

Automated trading activities and “high balance” whale addresses drove the rest of the blockchain activity, with the Black (BLACK) token seeing $14 million in trading volume, with multiple whale addresses amassing up to $95,000 worth of the token.

Related: Kanye West’s YZY token: 51,000 traders lost $74M, while 11 netted $1M

Top blockchains by key metrics, change in weekly transactions. Source: Nansen

Looking at one of Avalanche’s main competitors, the Solana blockchain saw a 6.7% decrease in weekly transactions, including 433 million transactions across 18.9 million active addresses, Nansen data shows.

Solana top entities by weekly transactions. Source: Nansen

Similar to Avalanche, DEX trading drove the majority of blockchain activity, including Raydium DEX with 12.4 million users and 297 million transactions, followed by Fluxbeam DEX with 7.3 million users and 178 million transactions.

Magazine: Altcoin season 2025 is almost here… but the rules have changed



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Decrypt logo
Crypto Trends

Here’s What to Expect From Bitcoin in September as Network Activity Slows

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In brief

  • On-chain data shows a 13% drop in adjusted transfer volume, signaling weaker demand.
  • Spot Bitcoin ETFs saw continued outflows, adding to macro-driven selling pressure.
  • September has averaged negative returns for Bitcoin, compounding cautious sentiment.

Bitcoin’s bounce on Tuesday may offer a brief respite for investors, but experts are warning that a deeper “cooling-off phase” could be in play.

A combination of declining on-chain activity and sustained institutional outflows suggests that the market may be entering a more cautious period after a powerful run to record highs.

On-chain data reveals a significant slowdown in network activity, which aligns with Bitcoin’s recent price pullback, Glassnode cautioned in an official Telegram channel on Tuesday.



The monthly average of change-adjusted transfer volume has declined 13% from $26.7 billion to $23.2 billion. 

If this trend continues, and the metric breaks below its yearly average of $21.6 billion, it would “confirm weakening speculative activity and signal a broader contraction in demand,” Glassnode wrote.

Bitcoin is currently trading at $111,300, up 2.52% from Monday’s low of $108,550, according to CoinGecko. It’s still down more than 10% from its August 14 high of $124,128.

Bitcoin’s slowdown coincides with a period of elevated sell-side pressure from long-term holders. 

The realized profit from these investors is the second most significant compared to prior cycles, which is a “strong signal that the market is in a late-stage phase,” Glassnode wrote in a separate post on X. 

“It looks like we’re entering a cooling-off phase that could last through September,” Georgii Verbitskii, a derivatives trader and founder of DeFi platform TYMIO, told Decrypt.

Spot exchange-traded fund outflows for Bitcoin, along with heightened macroeconomic risk, are exacerbating bullish sentiment, Ecoinometrics, a crypto macro research newsletter, wrote on Tuesday.

“As of Friday, our flows-to-price model put the expected price at $107,000, with a risk of falling below the psychological $100,000 level if outflows persist.” 

TYMIO’s Verbitskii shares a similar view that a $100,000 target is “on the table,” despite his long-term bullish outlook.

Combined with Bitcoin’s declining fundamentals, the macroeconomic uncertainty and rate cut expectations have market analysts exercising caution.

September, in particular, has returned an average of -3.77% in the past 12 years, while the third quarter has historically yielded negative returns, CoinGlass data shows.

With potential for further downside, Verbitskii cautioned against opening new long positions at current levels and suggested adopting a “wait and see” approach.

“Long positions only make sense if we reclaim and hold above $118,000.”

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Mysterious XRP Activity on Coinbase Continues With $50,091,261 Transfer
NFT Gaming

Mysterious XRP Activity on Coinbase Continues With $50,091,261 Transfer

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Another big chunk of XRP just showed up on Coinbase, and the way it landed looks like part of a story that has been playing out all summer. As it became usual, Whale Alert reported up to 16.59 million XRP — worth a little more than $50 million — moving from an unknown address straight into the major U.S. exchange.

On its own, a transfer like that could be explained away as a whale shifting funds, but the number lines up too cleanly with earlier moves to ignore.

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Back in June, XRP researchers mapped out a set of 52 cold wallets tied to Coinbase. Ten of them each held about 26.8 million XRP, while the other 42 sat at around 16.8 million, giving the whole cluster close to a billion tokens combined.

At that point, it was one of the clearest pictures available of how the exchange stored its XRP. Fast forward two months, and only 23 wallets still fit the same mold, and the total visible balance has fallen to about 379.5 million — more than 60% lower than before.

Where does Coinbase XRP leak go?

That missing balance has not shown up elsewhere in obvious fashion, which leaves open the question of whether it has been shuffled to fresh wallets, passed to custodians or withdrawn by large clients.

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In the meantime, the chart of XRP has not looked any less eventful, with the price slipping back under $3 after reclaiming higher ground briefly on the weekend.

The timing does not prove anything, but with transfers repeating in near-identical sizes, while the visible stash keeps shrinking, the sense builds that Coinbase’s XRP playbook still has pages nobody outside can read.



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Shiba Inu price at risk of deeper dive as whales capitulate
NFT Gaming

Shiba Inu price nears big move as whale activity dries

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The Shiba Inu price dropped by over 3% on Sunday, erasing some of the gains made on Friday following Jerome Powell’s statement at the Jackson Hole Summit.

Summary

  • Shiba Inu price retreated on Sunday as Friday’s gains faded.
  • Smart money and whale activity has faded this month.
  • Shibarium activity has also weakened, leading to lower fees.

Shiba Inu’s (SHIB) retreat mirrored moves by Bitcoin (BTC) and other top altcoins like Ethereum (ETH) and Ethena (ENA). It also coincided with falling whale and smart money activity. 

Nansen data shows that savvy money investors hold 40.42 billion tokens today, down from the July peak of 48.6 billion. Their holdings have remained stagnant since Aug. 5. 

Similarly, whales hold 45 billion SHIB coins, down from last month’s high of 47.6 billion. The ongoing trend is a sign that top investors are concerned about SHIB’s trajectory following its 60% crash from its November highs.

The ongoing Shiba Inu price crash also coincided with a decline in activity within its ecosystem. Data shows that Shibarium, its layer-2 network that launched in 2023 is not seeing significant activity. 

The total value locked in the network dropped to $1.79 million, and there is no stablecoin activity. There are only 17 DeFi protocols in its ecosystem, including Shibarium, WoofSwap, ChewySwap, and DogSwap.

Shibarium was created to enhance Shiba Inu’s ecosystem by transitioning it from a mere meme coin into a utility token. Its success would also contribute to Shiba Inu’s scarcity as some of the fees are converted from BONE to SHIB and incinerated. 

Shiba Inu price technical analysis 

SHIB price chart | Source: crypto.news

The daily timeframe chart indicates that the SHIB price has been moving sideways over the past few days. As a result, it has consolidated along the 50-day and 100-day Exponential Moving Averages, and its Average True Range has decreased, indicating low volatility. 

The Shiba Inu price has also formed a symmetrical triangle pattern whose two lines are about to converge. In most cases, bullish or bearish breakouts happen when the two lines converge. 

A bullish breakout will see it rise to the key resistance level at $0.00001600, its highest point on July 22. On the other hand, a drop could push it to $0.00001015, its lowest level in June.



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1 Billion XRP Mark Lost: On-Chain Activity in Shambles
Crypto Trends

1 Billion XRP Mark Lost: On-Chain Activity in Shambles

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  • XRP payments’ volume drops
  • Market performance

XRP is coming under increasing pressure followed by a substantial network volume decline. After the rise of momentum, the asset has now fallen below important technical and fundamental thresholds, painting a questionable future outlook.

XRP payments’ volume drops

The volume of XRP payments has sharply decreased, according to on-chain data. When it peaked earlier in August, daily account-to-account transactions regularly remained at or above one billion XRP. But according to recent data, payment volumes have drastically decreased, dropping to about 522 million XRP on Aug. 21. There is a noticeable halt in the momentum, which indicates that XRP’s network activity is becoming less useful and interesting.

XRP/USDT Chart by TradingView

In light of Ripple’s long-standing advocacy for adoption in institutional transfers and remittances, persistent payment weakness may erode trust in the asset. The market chart illustrates this deteriorating environment. XRP is currently having trouble around $2.85, following a robust rally in July that lifted the asset above $3.50. Technically, the price has broken below the rising trendline that had previously held up its bullish structure.

Market performance

At $2.79, XRP is trading just above its 100-day EMA, which could serve as a short-term support level. If this level does not hold, the next significant support, which is in line with the 200-day EMA, is located closer to $2.45. Additionally, momentum indicators point to a lack of strength.

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On-chain activity must increase again, with payment volumes returning to the one billion XRP mark in order for XRP to stabilize. In terms of technical analysis, the first indications of fresh strength would be the recovery of the ascending trendline and breaking above the resistance at $3 per hour. The market is in ruins after losing a vital basis of price structure and network utility, and XRP is still at risk until then.



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1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?
GameFi Guides

1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?

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  • What does this whale know?
  • SOL price outlook

The crypto market is severely down but whales have remained bullish on Solana. 

On August 20, a large crypto transaction involving 1,000,000 SOL was spotted leaving the world’s largest crypto exchange Binance, according to data provided by Whale Alert.

The transaction, which involved massive amounts of SOL worth over $181 million, happened during the mid-hour of the day, sparking discussions across the crypto community.

While the large transfer was made from a Solana cold wallet, the data shows that the destination of the transfer was unidentified by the tracker, suggesting a possible buy activity from a high-profile investor.

The receiving Solana wallet appears to have been recently created, as the first transaction carried out on the wallet happened 14 days ago, on August 7.

What does this whale know?

Although the reason behind the transfer was not stated, all indications from the transfer point to an attempt to buy the asset in large quantities. Notably, large amounts of cryptocurrencies leaving a major crypto exchange like Binance have often been traced to major buy activities from whales.

While the massive crypto transfer came at a time when the crypto market is experiencing a severe bloodbath, comments have suggested that a high-profile investor or an institution might have made the move to stack up on the asset at a lesser price and maximize profits.

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Apart from its anonymous nature, which has stirred curiosities among market participants, it is uncommon for such large amounts of tokens to be moved in attempted buy activities at a time like this when the crypto market is experiencing a heavy downturn.

Nonetheless, bullish moves like this have fueled hopes among relenting investors that something big might be coming, which the whale appears to be preparing for.

SOL price outlook

After falling as low as $179 on August 20, the price of SOL has seen a sharp rebound, rapidly switching to the green zone on the same day.

According to data from CoinMarketCap, SOL has surged sharply to $184 as of press time, reflecting a price increase of 3.48% over the last day.

Source: CoinMarketCap

With this sudden rebound in SOL’s price, investors’ enthusiasm have been reignited, and more large transfers like this are expected to push the token for more rally.



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Black Ops 7’s co-op campaign culminates in a DMZ-like ‘Endgame’ activity for 32 players in an open-world map, plus it has unlockable weapon camos
Game Updates

Black Ops 7’s co-op campaign culminates in a DMZ-like ‘Endgame’ activity for 32 players in an open-world map, plus it has unlockable weapon camos

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Call of Duty is aiming for its next campaign to be a part of the “connected” experience of the overall live-service game, starting with Black Ops 7.

During a media briefing event last week, Treyarch revealed that the BO7 campaign is playable for up to four players in co-op, played over 11 standard, explosive set-piece missions. Not only that, but you will be able to unlock campaign-specific weapon camos (including four Mastery camos), reticles, player cards, and other cosmetics, all while earning XP to progress your overall level and even individual battle passes. There will even be daily and weekly challenges to complete.

Image via Activision

The campaign stars David Mason and his Spectre One team, including Mike Harper, Eric Samuels, and newcomer Leilani Tupuola, with support from BO6 character Troy Marshall who is now several decades older in this story. Some sort of red, hallucinogenic gas seems to be the main catalyst for weird visions and trippy missions, given what little gameplay I was shown.

Once that story’s 11 standard missions are completed, however, a new “Endgame” experience will unlock, featuring an open-world Avalon map for up to 32 players to explore and fight enemies in. Gamers will be able to fly into the battle royale map-like zone to fight AI soldiers and robots, complete missions, and rank up their operators with new abilities and a level-up system called Combat Rating.

Increasing your Combat Rating (max level 60) will give players access to higher-tier areas of the map, but here’s the catch: if you die, you wipe and have to start all over again, similar to games like Modern Warfare II’s DMZ mode or Escape From Tarkov. That’s right, wiping as a squad will reset your progress for that operator.

Each individual, playable operator also has their own abilities and skill specializations that can be unlocked and leveled up, such as a Grapple Hook, Mega Jump, or Drone Charmer that spawns quad-rotor drones to take down enemies.

Treyarch says that Endgame will be the “final proving ground where all of your campaign progress is tested in a new environment.” Progress is tied to “shutting down Guild activities” as you “move into the hardest regions.”

Image via Activision

A lot about Endgame is still being kept secret for now, but players looking to expand their BO7 experience and unlock everything it has to offer may find some real fun in this new co-op experience to play alongside multiplayer and Zombies modes.

BO7 launches for PlayStation, Xbox, and PC later this year.

Destructoid is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy



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Treasury seeks public input on detection of illicit activity in digital assets
NFT Gaming

Treasury seeks public input on detection of illicit activity in digital assets

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The United States Department of the Treasury is seeking public feedback on innovative methods and tools for detecting illicit activity in the digital assets industry.

Summary

  • U.S. Treasury has asked for public comments on tools used to detect and monitor illicit activity in the digital assets ecosystem.
  • The public have until October 17, 2025 to share their input as required under the GENIUS Act.

The U.S. Treasury said in a press release that interested members of the public have an opportunity to provide comments on the techniques or strategies that regulated institutions use to detect and mitigate illicit finance risks in the crypto space. 

Focus areas of the public input will be on four key aspects of the ecosystem. These are: application programming interfaces, digital identity verification, artificial intelligence, and blockchain technology use and monitoring.

Why public input?

The notice fulfills a requirement under GENIUS Act, the landmark U.S. stablecoin law President Donald Trump signed into law in July 2025. According to the government agency, the public have 60 days from the date of publishing the request for comment notice in the Federal Register to give their input, with this deadline set for October 17, 2025.

Public feedback on this matter helps the administration’s quest for policy that supports responsible growth and use of cryptocurrencies. Treasury’s move aligns with Trump’s executive order on “Strengthening American Leadership in Digital Financial Technology,” signed on January 23, 2025.

“Today’s request for comment fulfills Treasury’s obligation pursuant to section 9(a) of the GENIUS Act, which creates a comprehensive regulatory framework for stablecoin issuers in the United States. The GENIUS Act and E.O. 14178 together promote U.S. leadership in digital assets and bolster U.S. national security,” the U.S. Treasury noted.

The GENIUS Act requires the Treasury to use feedback from the public input to inform its research on aspects such as effectiveness of tools, costs involved, privacy features, and the cybersecurity risks of the tools.

In the cryptocurrency and blockchain security and analytics ecosystem, platforms such as Chainalysis and TRM Labs have become critical components with tools to detect and alert on potential threats and risks.



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Jesse Hamilton
NFT Gaming

U.S. Treasury Starts Work on Stablecoin Law, Gathering Views on Illicit Activity

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The U.S. Treasury Department is seeking new ideas for detecting and cutting off illicit crypto activity as it begins to put the new stablecoin law into effect.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act — the first major U.S. law to erect a regulatory system in the crypto space — called for government action on limiting dangers from bad actors in digital assets, and the Treasury Department is asking for public comments “to identify innovative or novel methods, techniques, or strategies that regulated financial institutions use, or have the potential to use, to detect illicit activity, such as money laundering, involving digital assets.”

The crypto sector will have a 60-day comment window to share industry views on clamping down on shady crypto use, according to the department’s request on Monday.

The GENIUS Act is now entering into what is typically a protracted period of implementation when a new financial-regulation law enters the arena of the federal agencies that need to put it into effect. The U.S. banking regulations, such as the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. will also have policies to work out in the future oversight of stablecoin issuers.

But GENIUS was only the first and less significant piece of the two-part legislative priority for the crypto industry. The sector still awaits further action from Congress on the bill that would set up guardrails for the wider digital assets markets. The House of Representatives was in the lead in recently passing its Digital Asset Market Clarity Act with a wide bipartisan vote, but when the Senate returns from its summer break, it’ll take the reins in shaping that legislation under a slightly different approach than the House.

President Donald Trump has pushed his administration into rapidly crafting crypto-friendly policies, issuing multiple executive orders and statements driving federal regulators to set standards after years of resistance and legal challenges from the U.S. government. Agency heads such as Securities and Exchange Commission Chairman Paul Atkins have suggested that they can get some of the work done even before Congress finishes its crypto tasks.

Read More: Trump Signs GENIUS Act Into Law, Elevating First Major Crypto Effort to Become Policy



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