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Stablecoin Retail Transfers Hit Record Level as BSC, Ethereum Gains Ground, Tron Slips
Crypto Trends

Stablecoin Retail Transfers Hit Record Level as BSC, Ethereum Gains Ground, Tron Slips

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Stablecoin adoption among retail users has set new records this year, with transaction volumes through August already exceeding last year’s total, a fresh report by CEX.io said.

Retail-sized transfers, counting transactions under $250, crossed $5.84 billion in August alone, the highest ever recorded, according to data by Visa and Allium cited in the report. With nearly four months left in the year, 2025 has already become the busiest period yet for stablecoin transfer volume at the consumer level.

The figures underscore stablecoins, a group of cryptos tied to fiat currencies like the U.S. dollar, becoming increasingly embedded into everyday financial activity, from cross-border remittances to microtransactions, the report pointed out.

Survey data from emerging markets, asking over 2,600 consumer in Nigeria, India, Bangladesh, Pakistan and Indonesia, reinforced this picture, CEX.io analysts. A majority of respondents said they turned to stablecoins to avoid high banking fees and slow transfers, the report said. Nearly 70% of them reported using stablecoins more frequently than last year, and more than three-quarters expect usage to keep rising, the report said.

Survey results about stablecoin motivations in emerging countries. (CEX.io)

Ethereum gains, Tron falls back

The distribution of activity among blockchains have shifted, the report noted. The Tron TRX$0.3272 blockchain, traditionally popular for retail transfers due to its low fees and wide support for Tether’s USDT (USDT), has given up market share. Monthly transaction counts fell by 1.3 million, or 6%, and its growth in volume lagged behind its closest competitors.

In its place, Binance Smart Chain (BSC) emerged as the top choice for retail users, capturing nearly 40% of retail stablecoin activity, the report said. The network’s transaction count jumped 75% this year with transfer volume rising 67%. Much of the momentum came after Binance delisted USDT in March for European users and a resurgence of memecoin trading on PancakeSwap on BSC.

The Ethereum complex, with the base chain and layer-2 networks combined, made up over 20% of transfer volume and 31% of transaction counts, the report noted. While small transfers largely took place on L2s, the mainnet enjoyed a significant rise in the retail segment. Sub-$250 transfers on the mainnet rose 81% in volume and 184% in count.

Ethereum has been mostly used for large-value transactions due to its high fees, but transaction costs have dropped more than 70% over the past year, making mainnet transactions more competitive even in the sub-$250 range, the authors said.

Read more: Ripple Brings $700M RLUSD Stablecoin to Africa, Trials Extreme Weather Insurances



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Crypto Trends

Crypto Phishing Attacks Surge In August As Losses Hit $12.17M

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

Prominent web3 security outfit Scam Sniffer reports that crypto investors suffered an increased number of phishing scams in August. Notably, total assets lost to these scams during the last month represent an estimated 72% increase from July, representing a concerning development for the general crypto industry.

Crypto Whales Take Biggest Hit From Phishing Attacks

In an X post on September 6, Scam Sniffer provides an August 2025 security report covering phishing attacks on crypto wallets. The blockchain security firm notes that 15,230 victims lost a combined $12.17 million from all forms of phishing-related attacks. This data indicates a 72% increase in stolen funds and a 67% rise in victims compared to July’s $7.09 million in losses and 9,143 victims.

For context, phishing often involves fake websites, malicious smart contracts, or deceptive wallet prompts that trick users into giving hackers access to their digital assets. Once approved or shared, the funds are usually stolen instantly and cannot be reversed.

While phishing attacks often target retail investors, August’s data from Scam Sniffer highlights the disproportionate impact on crypto “whales.” ScamSniffer revealed that the top three single incidents drained $3.08 million, $1.54 million, and $1.00 million, respectively, totaling $5.62 million. Collectively, these cases made up 46% of overall monthly losses, demonstrating how hackers increasingly focus on high-value wallets.

Source: @realScamSniffer on X

The August report also draws attention to a new wave of batch-signature scams enabled by Ethereum’s EIP-7702 upgrade. EIP-7702 temporarily allows externally owned addresses (EOAs) to function like smart contract wallets.

This means users can access smart contract–level features without migrating to a new address. With EIP-7702, actions such as batching multiple transactions, setting automated spending caps, or integrating passkeys become seamless for everyday Ethereum interactions.

However, malicious actors have now exploited this mechanism to trick users into authorizing malicious bulk transactions, often bundled with legitimate requests. In parallel, attackers continue to exploit direct transfer scams, luring victims into sending funds straight into phishing contracts.

These vectors are harder to detect than traditional phishing attempts, as they appear embedded within standard DeFi and NFT interactions.

Crypto Market Overview

At press time, the total crypto market cap is presently valued at $3.77 trillion following a 0.16% gain in the past day. According to data from Chainalysis, over $2.17 billion was stolen from cryptocurrency wallets in the 2025 H1, which was higher than the total losses from 2024. This heightened figure, as well as the increased phishing losses in August, all reinforce the broader need for blockchain security, striking a balance between utility and protection against malicious actors.

Total crypto market cap valued at $3.77 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Forbes, chart from Tradingview

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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The Last Of Us Season 3: Release Date, Cast, And Everything We Know About The Hit HBO Series
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The Last Of Us Season 3: Release Date, Cast, And Everything We Know About The Hit HBO Series

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Following the conclusion of The Last of Us Season 2, the show was nominated for 16 Emmy Awards, including Best Drama. The first season took home eight Emmy Awards in 2023, including guest-acting wins for Nick Offerman and Storm Reid.

Bella Ramsey and Pedro Pascal may have gone home empty handed from the show’s first night at the Emmys, but their respective turns as Ellie and Joel have given new life to the franchise that began as a pair of critically acclaimed video games by Sony.

Season 2 began the adaptation of The Last of Us Part 2, which introduced Kaitlyn Dever as Abby and controversially featured Joel’s murder at her hands. That fueled Ellie’s desire for revenge against Abby, which went horribly wrong in the Season 2 finale.

Ahead of the show’s eventual return to HBO, GameSpot has put together this guide to everything you need to know about The Last of Us Season 3.

Will Bella Ramsey return for The Last of Us Season 3?

The cliffhanger ending of The Last of Us Season 2 has some fans worried about the fate of Bella Ramsey’s Ellie, since she was facing the business end of Abby’s gun in the closing moments. Abby had Ellie dead to rights in a scene directly lifted from the game.

The resolution of that scene is in The Last of Us Part 2. Fans who want to spoil the narrative can always jump to the game to see how those events played out. But the short answer is “yes,” Ramsey will reprise her role as Ellie. She just may not be as prominent in Season 3.

Will The Last of Us Season 3 be all about Abby?

As seen in the Season 2 finale, the perspective of the story has shifted and flashed back to Abby’s first day in Seattle. Subsequently, it has been confirmed that Season 3 will be Abby’s story, and viewers will learn more about her just as players did when Abby took over the narrative in The Last of Us Part 2.

Who is joining the cast of The Last of Us Season 3?

For now, there are no new cast members who have been announced.

Is The Last of Us Co-creator Neil Druckmann staying with the show?

No. Neil Druckmann announced his departure from The Last of Us in July, citing a need to resume his duties at developer Naughty Dog to prepare the company’s next game, Intergalactic: The Heretic Prophet. Through the first two seasons, Druckmann was the co-showrunner with Craig Mazin. In Druckmann’s absence, Mazin will be the sole showrunner going forward.

How many episodes will The Last of Us Season 3 have?

Mazin hasn’t confirmed any episode counts yet, but he has stated that Season 3 will be longer than Season 2. The first season of the show had nine episodes, while Season 2 had seven.

When will The Last of Us Season 3 be released?

Although HBO hasn’t formally set a premiere date for The Last of Us Season 3, HBO content chairman Casey Bloys has suggested that the show is “definitely planned for 2027.”

Will The Last of Us end with Season 3?

Since there isn’t a third video game to draw upon and it’s unknown if The Last of Us Part 3 will be made, the story of Ellie and Abby will conclude when the show catches up to the end of The Last of Us Part 2. Previously, showrunner Craig Mazin said that Season 4 was essential to bring the show to a conclusion. However, Bloys has indicated that the show may wrap up its run with Season 3.

“Craig is still working it out whether it will be two more seasons or one more long season. It hasn’t been decided yet, and I’m following Craig’s lead on that,” said Bloys.

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Ethena price nears 80% breakout as key metrics hit ATH
NFT Gaming

Ethena price nears 80% breakout as key metrics hit ATH

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Ethena price rose to its highest point in over two weeks as its total value locked (TVL) and revenues jumped to a record high.

Summary

  • Ethena price could jump by 80% this year as its total value locked soars.
  • It has jumped to over $12.8 billion, up from the year-to-date low of $5 billion. 
  • StablecoinX is raising more money to accumulate more ENA tokens.

Ethena (ENA) token jumped to $0.7660, up by over 230% from its lowest point this year. This recovery pushed its market cap to over $5.8 billion and its fully diluted valuation to $11.1 billion. 

Ethena price has jumped amid the ongoing ecosystem growth, with the total value locked soaring to a record high of $12.85 billion, much higher than the year-to-date low of $5.5 billion. Its TVL has been on an upward trajectory since 2024, when it started the year at $79 million. 

The TVL is driven by its USDe synthetic stablecoin that is held by almost 800k users and has an annual return of 7%, higher than the government bond yield of 4%. 

This growth has led to more fees and revenue in the network. Its fees in the third quarter so far is $109 million, higher than the $27 million it made in the same quarter last year. Its revenue so far is $7.65 million, up from $1.15 million in Q2.

ENA price has also jumped amid the ongoing accumulation by StablecoinX, which is raising $530 million. It has already raised $895 million in financing, which will see it add over 3 billion tokens to its balance sheet. 

StablecoinX Inc. @stablecoin_x has announced an additional $530 million capital raise as part of its $ENA accumulation strategy.

To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA… pic.twitter.com/pdkl1D8u5x

— Ethena Labs (@ethena_labs) September 5, 2025

These acquisitions will boost ENA’s demand at a time when whales have continued to accumulate it. They now hold 57 million ENA tokens, up by over 32% in the last 30 days.

Ethena price technical analysis 

ENA price chart | Source: crypto.news

The daily timeframe shows that the ENA price has strong technicals that may push it much higher in the coming weeks. It has formed a double bottom pattern at $0.2490 and a neckline at $0.4570. 

The coin formed a golden cross pattern in July as the 50-day and 100-day moving averages crossed each other. Most recently, it has formed a bullish flag pattern and has moved above the upper side of its channel.

Therefore, the token will likely have a strong bullish breakout, with the initial target being at $0.8595, the upper side of the flag. A move above that price will push it to the resistance point at $1.3255, its highest point in November last year, which is about 80% above the current level. 





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Bitcoin’s Price Is Flat, but the Hash Rate Just Hit a Record High

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In brief

  • Bitcoin’s single-day hash rate—a measurement of computing power—hit an all-time high of 1.279 on Tuesday.
  • The hash rate also reached a moving average record for seven days.
  • Miners, who work to secure Bitcoin’s network, have faced various challenges.

Bitcoin‘s single-day hash rate on Tuesday hit a new high of 1.279 zettahash per second (ZH/s), according to mining data platform CoinWarz, even as the price of the asset remained roughly flat over the past 24 hours. 

The hash rate also reached a moving average high for seven days, surpassing 1 ZH/s for the period. 

The increases come, despite miners ongoing struggles with rising energy costs and lower rewards. After last year’s halving, the payoff for miners has fallen to 3.125 bitcoin, down from 6.250 previously. 

Miners typically rely on the price of Bitcoin to go up to cover costs but continued volatility for the asset has spurred some large miners to branch into high-powered computing. 



Hash rate is the measurement of all the computing power on the leading cryptocurrency’s network. 

Hash computations—or hashing—is the process of turning data into a fixed-length string of characters. It’s needed to do things on the Bitcoin network, like creating private keys so users can make transactions. 

1 ZH/s means that per second, the computers securing the Bitcoin network are doing one sextillion (1,000,000,000,000,000,000,000) hashes every second—an absurdly large number. 

Bitcoin, other than being a digital coin, is a payment network with operations processing transactions scattered worldwide. 

The operations processing transactions—known as miners—race to solve puzzles and are rewarded for doing so. In order to take part, they must use huge amounts of computing power. 

A high hash rate is important because it means more computing power is being used to keep the cryptocurrency’s network secure. And the more computing power used, the harder it is for attackers to take control of more than 50% of the Bitcoin network.

It also means there is more mining activity on the network as miners expand their operations and use more machines—and power—to continue minting coins. 

Bitcoin miners are typically large operations run by companies in warehouses that use lots of electricity to process transactions on the virtual coin’s network and mint new coins.

The aggregate hash rate for the world’s largest digital asset was previously concentrated in China. Following the country’s ban on Bitcoin mining in May 2021, companies were forced to move elsewhere to set up their operations.

Since then, North America has become the most dominant player in the Bitcoin mining space.

https://twitter.com/pete_rizzo_/status/1962937690397012252

The increased seven-day hash rate comes as miners wrestle with rising energy costs and lower rewards. After last year’s halving, the payoff for miners is 3.125 bitcoin, down from 6.25 previously. 

Miners typically rely on the price of Bitcoin to go up to cover costs but continued volatility for the asset has spurred, some large miners tobranch into high-powered computing. 

Bitcoin was recently trading for $111,985 per coin, according to CoinGecko data, unmoved over 24 hours. The coin has also barely budged over a seven-day period, but it hit a new high of $124,128 in August.

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Esports

Wedneaday Season 2 Part 2 review: Netflix hit is creepy, kooky, but only halfway spooky

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Wednesday Season 2 Part 2 has landed on Netflix, and though it still doesn’t reach the gothic heights of the Addams Family’s glory years, it’s a marked improvement on Part 1. Why? It remembers to have fun. 

Christina Ricci immortalized Wednesday Addams in the ‘90s, with her razor-sharp wit and disdain for normalcy showing all the outcasts of the world that it’s okay to be weird. A Gen-Z revival for Netflix shouldn’t have worked, and yet Season 1 defied our expectations, a massive reason being Jenna Ortega nabbing (and nailing) the title role. 

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Despite a three-year gap, Season 2 Part 1 failed to capture the macabre magic of its predecessor. As we said in our two-star review, the “overstuffed narrative and meandering subplots” left it feeling, at times, boring.

Thankfully, Part 2 is much better. While it doesn’t fix everything, Episodes 5-8 are injected with new energy, tighter character arcs, and a few moments that feel destined to go viral. Oh, and Lady Gaga finally makes her debut. 

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What is Wednesday Season 2 Part 2 about?

Following the cliffhanger ending of Episode 4, Wednesday Season 2 Part 2 picks up where we left off. Don’t fret – of course she isn’t dead (that isn’t a spoiler). However, she has picked up a new spirit guide in the form of Principal Weems, played to perfection by Gwendoline Christie.

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The Willow Hall case might be solved, but Wednesday still has to find a way to stop Tyler (Hunter Doohan) and save her bestie Enid (Emma Myers). And the threat may not be solely on Enid: as is revealed in the trailer, the entire Addams Family is at risk. 

This is far from the only mystery at hand. What happens now Tyler doesn’t have a master? Who is the mysterious Willow Hall patient Wednesday saved? What is Principal Dort (Steve Buscemi) really up to? And why, oh why, does Isadora Capri’s American accent sound like that? (Just kidding on the last one, Billie Piper still does a great job). 

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Netflix

All of these questions and more are answered throughout the course of Part 2. Enid also continues her journey of self-discovery, Bianca gets drawn deeper into Nevermore’s power struggles, and even Thing takes on a surprisingly pivotal role. Add in Grandmama Hester Frump, cult entanglements, and a zombie subplot, and you’ve a lot going on in just four episodes. 

On paper, it sounds thrilling, but in practice, it’s often overstuffed. Particularly in Episode 5, where it feels like the writers are trying to explain their way out of the labyrinth they built in Part 1. The biggest issue is pacing, with the Netflix show meandering from one topic to the next in a bid to fit it all in. 

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Instead of letting the Addams’ oddities breathe, the dialogue often feels like a Wiki page being read aloud. You can’t look away for fear of missing a vital line of lore, and yet it’s hard to care when the stakes are constantly diluted by subplots.

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Episode 6 is Wednesday at its best 

Netflix

Still, buried amongst the clutter are moments that remind you why this show became a hit in the first place, and it’s well worth sticking with, especially Episode 6 (no spoilers, but it’s the most fun the show has ever had). 

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Enid’s arc in general is stronger here, salvaging what looked like a baffling detour in Part 1 and turning it into a moment of growth. Ortega and Myers are still the beating (and snarling) heart of Wednesday, and Episode 6 proves just how good the show can be when it leans into their chemistry.

Elsewhere, Evie Templeton shines as Agnes, whose storyline feels both earned and engaging, and there’s a brief but welcome turn from Lady Gaga that reminds you the show can still pull off a celebrity cameo without it feeling like stunt casting. 

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The wider ensemble – Luis Guzmán, Catherine Zeta-Jones, Fred Armisen, Joanna Lumley, Piper, Buscemi, and more – are all back, and though there are almost too many to keep track of, they all give fantastic performances. 

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Season 2 is another Tim Burton feast for the eyes 

Netflix

Visually, Wednesday remains untouchable. Every set piece has director Tim Burton’s fingerprints all over it, from baroque interiors to mist-choked graveyards, and the costume department goes ham when the cast aren’t in their Nevermore uniforms, decking them in renaissance ballgowns during one notable event. 

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And yes, there’s another dance scene destined to go viral on TikTok – Netflix clearly knows what its audience wants. The same goes for the horror elements, which are ramped up in Part 2 with some genuinely spooky (and gruesome) scenes. 

The finale also deserves credit: it ties up loose ends, delivers some satisfying pay-off, and even plants a genuinely intriguing twist. It’s a neat hook for Season 3, even if the road to get there was shaky. 

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Wednesday Season 2 Part 2 score: 3/5

Wednesday isn’t dead on arrival anymore, but it’s not quite alive either. Part 2 is an improvement over Part 1 – funnier, more confident, and great to look at. But it’s still a muddle of competing tones and overloaded storylines. 

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Thankfully, Ortega and Myers raise the experience, and the finale at least wraps the many subplots up in a satisfying way. Here’s hoping Season 3 can resurrect the show for good (preferably without the three year wait).

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Wednesday Season 2 is streaming on Netflix now. You can also read about why Xavier doesn’t return and check out what else is coming up with our 2025 TV show release calendar.



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NFT Gaming

Bitcoin Miners’ Stocks Hit New Highs in August, Thanks to AI: JP Morgan

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In brief

  • The market cap of top Bitcoin miners tracked by JP Morgan last month soared to a new record.
  • This comes as publicly-traded miners branch out into high-performance computing, analysts at the bank said.
  • The environment for the Bitcoin mining industry has been challenging.

The market cap of top publicly-traded Bitcoin miners soared last month, according to JP Morgan analysts in a note Tuesday, as some of the industry’s largest companies expanded into high-powered computing. 

The analysts wrote that the aggregate market cap of the 13 U.S.-listed miners hit a record high of over $39 billion in August.

The bank tracks miners Hut 8, Core Scientific, TeraWulf, IREN, and Riot, which all trade on stock exchanges. 



Mining the world’s largest cryptocurrency by market value has grown increasingly difficult and expensive. The process has also generated smaller rewards since last year’s halving cut the Bitcoin earned from 6.250 to 3.125. These trends have hurt profitability, even as Bitcoin’s price has risen, prompting miners to look for new revenue sources. 

Miners have often had to sell coins or branch into different industries—like high-performance computing for artificial intelligence—to cover operational costs. 

But branching out into AI data centers is difficult, requiring more complex heating, ventilation, and air conditioning systems than those for Bitcoin mining, experts have told Decrypt.  

Still, some miners have already announced initiatives to convert facilities with Hut 8 last month revealing plans to develop 1.53 gigawatts of new capacity across four U.S. sites. 

The new sites will provide energy for non-mining purposes, the company said. 

Bitcoin was recently trading at $111,285, according to cryptocurrency markets data provider CoinGecko, after rising 2% over the past 24 hours. BTC is down more than 10% after reaching an all-time high of $124,285 last month. 

JP Morgan analysts noted in the Tuesday report noted the declining profitability compared to July as the network hashrate reached record highs but the coin slumped to near its current levels.

In a comment to Decrypt, Darcy Daubaras, CFO of Hive Digital Technologies (HIVE), said that the company’s “dual business model combining Bitcoin mining and high-performance computing” aims to benefit from “two rapidly expanding digital industries.”

“In practical terms, this means HIVE is scaling production of Bitcoin much like a growth business scales output of a core product,” he wrote. “Each incremental exahash increases daily production and revenue potential, while our HPC division provides a complementary revenue stream that grows with demand for compute power. “

But CJ Burnett, chief revenue officer at Compass Mining, told Decrypt that the company believed that the environment was favorable for remaining focused on mining.

“At this point, it’s too early to tell whether the demand for HPC will meet lofty expectations,” he wrote. “We remain focused on infrastructure that keeps bitcoin mining competitive, helping clients secure power-ready sites, interconnection, and long-duration energy, with the flexibility to repurpose assets for HPC if and when demand matures.”

UPDATE (September 2, 2025, 6:20 p.m. ET): Adds HIVE CFO comment. 

UPDATE (September 2, 2025, 7:01 p.m. ET): Adds Compass comment. 

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'KPop Demon Hunters' Songwriter on Crafting the Movie's Breakout Hit
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‘KPop Demon Hunters’ Songwriter on Crafting the Movie’s Breakout Hit

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The biggest earworm from KPop Demon Hunters, “Golden,” has helped propel the hit Netflix and Sony animated feature to success atop both the streaming and music charts. And now we know a bit more about the lore behind the Huntr/x track.

Songwriter and singing voice of Rumi, one of the film’s lead demon hunters, EJAE talked about the film’s breakout song with Variety.

“One of the biggest assets I brought to the movie, or when writing the songs, was being bilingual,” she shared about bringing cultural authenticity to the film’s music to help reflect the filmmaker’s vision. “It was important for our co-director, Maggie Kang, to have Korean in the lyrics, and I just love that it’s not just the verses; it was in the actual song too.”

EJAE elaborated that the mandate from the filmmakers to the music team came down to having the word “gold” in the leading Huntr/x track. “It needed to have the word gold in it and the feeling of what Rumi was going through.”

It also needed to introduce the struggles of Rumi’s bandmates that they faced as a team: “It needed a pep talk and the idea that we can do this together.”

As the band’s lead figure, Rumi was someone EJAE related to when she was coming up as a K-Pop trainee. “She’s incredibly hardworking and has that leadership. She puts her best foot forward, but she tries to hide her imperfections and flaws.”

Her had work followed her to the most random of places for inspiration: “I actually wrote the melody on my way to the dentist.”

KPop Demon Hunters is now streaming on Netflix.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.



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XRP price eyes rebound as RLUSD, CME futures hit key milestones
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XRP price eyes rebound as RLUSD, CME futures hit key milestones

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XRP price has sunk into a bear market after plunging by 23% from its highest point this year. Still, its strong technicals and fundamentals point to a strong rebound in September. 

Summary

  • XRP price has plunged by 23% from the year-to-date high.
  • Ripple USD stablecoin supply jumped to a record high of $701 million.
  • XRP futures continued gaining momentum, three months after launch.

RLUSD and CME Futures growth

Ripple (XRP) price retreated to $2.8160 as the recent momentum in the crypto market stalled. However, data shows that the ecosystem is doing well, which may help it rebound in September.

CoinMarketCap data shows that Ripple USD (RLUSD) stablecoin is firing on all cylinders. Its assets crossed the $700 million on Saturday and jumped to a record high of $701 million. 

RLUSD’s growth is more impressive when compared to PayPal’s PYUSD, whose supply was $1.1 billion two years after its launch. Its daily transaction volume has also jumped in the past few months, including its usage during the Bullish IPO.

The growing RLUSD numbers is a good thing for XRP price because it boosts the utility of the XRP Ledger. 

More data shows that there is a strong demand for XRP assets in Wall Street. CME XRP futures open interest has rocketed to a record high of $1 billion, the fastest-ever contract to do that as it achieved that in three months. 

CME Group says xrp futures contracts have crossed over $1bil in open interest…

Fastest-ever contract to do so (took just over 3mos).

There’s already $800+mil in futures-based xrp ETFs.

Think people might be underestimating demand for spot xrp ETFs.

— Nate Geraci (@NateGeraci) August 26, 2025

Other XRP-related assets in the US have had strong traction in the United States. For example, the Teucrium 2X Long Daily XRP ETF, whose ticker symbol is XXRP, has added assets in all months since inception. It now has over $352 million in assets under management. 

These numbers mean that American investors will likely welcome the spot XRP ETFs when the Securities and Exchange Commission approves them, possibly in September. 

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily timeframe chart shows that the XRP price has pulled back in the past few weeks. It has dropped from the year-to-date high of $3.6640 to $2.8325. 

XRP has remained above the 100-day Exponential Moving Average, a sign that bulls are in control. The coin has formed the bullish pennant pattern, which is characterized by a vertical line and a symmetrical triangle whose two lines are about to converge. 

Therefore, the token will likely have a strong bullish breakout in the coming weeks, with the next point to watch being at $3.6640, up by 30% from the current level. A move above that level will point to more gains, potentially to $5.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.





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Crypto Trends

Web3 Funding Hit $9.6B in Q2 Despite Fewer Deals

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Web3 startups raised $9.6 billion in venture funding during the second quarter of 2025, making it the second-largest quarter on record, even as the number of deals fell to multi-year lows, according to a new report by Outlier Ventures.

The research by the London-based venture capital firm could present a maturing market in which investors are putting more money into fewer projects.

The findings suggest that Web3 fundraising is evolving from hype-driven activity toward targeted, durability-focused investment, with investors favoring foundational infrastructure and proven teams over volume.

Only 306 deals were disclosed in the quarter, the lowest since mid-2023, but the median deal size rose across every stage. Outlier said this reflects a shift from broad, speculative investing to strategic, high-conviction allocations.

Series A funding, which had slowed sharply during the bear market, staged a comeback. The median Series A round grew to $17.6 million, with 27 deals totaling $420 million, the largest since 2022. Seed funding also picked up, with a median size of $6.6 million.

Token fundraising painted a split picture. Private token sales raised $410 million across just 15 deals—their strongest showing since 2021, while public token sales slumped 83% to $134 million, underscoring waning appetite for retail-focused offerings.

Sectors such as cryptocurrency infrastructure, mining and validation, and compute networks saw the largest rounds, with medians ranging between $70 million and $112 million. Consumer-facing sectors, such as marketplaces, trailed significantly.

“Capital is consolidating around the projects that can provide the rails for the next phase of adoption,” Outlier wrote, adding that infrastructure-first bets are viewed as “indispensable” to Web3’s long-term growth.



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