Worldcoin [$WLD] surged by over 10% in the last 24 hours and sustained the upward momentum for the fourth day in a row to cross the $0.34 resistance.
The price move places $WLD at a critical point as buyers attempt to invalidate the bearish structure that has dominated price action since June.
Besides, the current rally helped $WLD break out above the upper boundary of the pennant consolidation pattern, indicating the potential formation of a trend reversal. A daily candle close above $0.34 will confirm the breakout.
Source: TradingView
Worldcoin’s trading activity is also supporting the recovery
That’s not all; Worldcoin’s trading volume has recorded a 150% increase to $211 million, suggesting a sharp increase in market participation as the token surges aggressively.
The surge in volume provides stronger confirmation for the breakout because sustained buying activity can help prevent the move from becoming a short-lived price spike.
Source: Santiment
Derivative data is also sparking similar signals
Worldcoin’s Open Interest gained by 10.44% to $169.4 million over the same period, indicating that traders are adding new positions as price momentum strengthens.
The network’s rising Open Interest alongside a price rally suggests fresh capital is entering the market and could amplify $WLD’s upside if buyers maintain control.
Source: Coinalyze
Moreover, long positions currently account for approximately 60% of total $WLD market exposure, giving bulls a modest advantage. This positioning supports the bullish setup, although an excessively crowded long market could also increase liquidation risks if $WLD fails to sustain its breakout.
Source: Coinalyze
Is $0.40 next for the bulls?
More than $1 million in liquidity remains concentrated between $0.37 and $0.40, creating a significant liquidity pocket above the current price.
If buyers sustain momentum, $WLD could be drawn toward this zone as its price action hunts for the unmitigated liquidation clusters.
Source: CoinGlass
Final Summary
$WLD gained by more than 10% in 24 hours, breaking above $0.34 as buyers challenge the token’s recent bearish structure.
Rising volume, Open Interest, and $1 million-plus liquidity between $0.37 and $0.40 could support a move toward $0.40.
“We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure,” TD Cowen analyst Jaret Seiberg wrote in a client note sent after the SEC’s notice.
The proposal is expected to give a path to crypto firms enabling them to raise capital for projects without triggering SEC registration requirements, and the businesses are also expected to be provided an exit path for getting clear of the agency’s jurisdiction when they’re not engaged in hands-on management of the projects anymore.
Before this, Atkins and the agency had rolled through a lengthy series of crypto policy statements meant to clarify its regulatory position on digital assets, but the staff statements have little long-term durability. A formal rulemaking would be more difficult to reverse in the future.
But the rule will likely take further months to develop and finalize. This first stage will come with a comment period — typically two or three months — and be followed by a potentially lengthy rewrite.
Reg Crypto would join some of the other significant steps the agency has taken or is still working on to foster the U.S. crypto industry. One of the major moves was a joint stance with the Commodity Futures Trading Commission on a “taxonomy” to define how they view various crypto assets and which jurisdictions they belong in. The agency is also still working on its tokenized securities approach, which Atkins routinely mentions as one of the SEC’s marquee crypto maneuvers.
Solana is currently trading above $76, following a recovery of more than 6% over the past week, along with the rest of the top crypto market.
With several bullish signals now aligning, one analyst believes $SOL could be headed toward a level not seen since February 2026 if the current setup confirms a breakout.
Constructive Picture
According to Ali Martinez, Solana appears to be trading within a parallel channel, and $78 has emerged as an important level. A break above the mid-range near this level could push $SOL toward the channel’s upper boundary around $100.
The analyst also identified a buy signal from the TD Sequential on the crypto asset’s daily chart. The setup typically anticipates a 1-4 candle upswing or the start of a new “bullish countdown.” The resistance trendline at $78.7 is near the mid-range, which makes it a crucial level for confirmation.
At the same time, the MACD has printed a golden cross, adding another sign that $SOL may be approaching an upside breakout. If these signals are confirmed, Martinez says that the altcoin could be on its way to $100.
Trader Pepesso previously said that $SOL had one of the cleanest setups in crypto. At the time, he pointed to the $45-$60 range as the area to watch, while explaining that the same zone had triggered the asset’s 2023-2024 bull run. A move back into that range would still fit the accumulation view, as long as $45 held on a retest. A decisive break below it would invalidate the setup.
On the upside, Pepesso identified $100 as the first major confirmation point. If $SOL reclaimed that level, the $150-$200 range would come into focus, followed by a potential move toward the previous cycle high.
Ethereum Stays on Top of RWA Market as Solana Strengthens Its Position
Base Passes Solana in Curated Capital Milestone (Flash News)
Big Moves
Away from the price chart, the blockchain had a busy week on the network side. For example, BlackRock also brought another investment product to Solana with the launch of BRSRV, a money market fund designed to support stablecoin reserves.
Meanwhile, Western Union’s launch of Stablecard also added another real-world use case for the blockchain. The digital wallet and Visa-secured credit card use USDPT, a US dollar-backed stablecoin issued by Anchorage Digital Bank on Solana.
Take-Two Interactive also brought tokenized TTWO shares to the network through Backpack Securities, with each token backed 1:1 by the underlying stock.
Additionally, Solana processed a record 1.01 billion non-vote transactions in a single week. Tokenized equities also recorded around $1.45 billion in volume in July, giving the network about 82% of the global market share.
Shibarium, the Layer-2 blockchain associated with Shiba Inu, has recorded a sharp rebound in daily transaction activity, with the network processing its highest number of transactions in a month.
According to data from Shibariumscan, the Shiba Inu L2 blockchain processed 4,480 transactions on August 9, marking a one-month high. The figure represents a dramatic recovery from the 738 transactions recorded on August 8. As a result, Shibarium’s daily transaction count jumped 507% within 24 hours.
The latest increase interrupts a prolonged decline in network activity. For context, Shibarium processed 5,170 transactions on July 10. However, daily activity gradually weakened afterward, eventually falling below 1,000 transactions for several consecutive days by August 2.
Therefore, the sharp increase recorded on August 9 represents a notable shift in network activity. Nevertheless, it remains unclear whether Shibarium can maintain this momentum over the coming days.
Shibarium’s Impressive Long-Term Stats
Meanwhile, Shibarium continues to post impressive long-term network statistics despite its recent weakness in daily activity.
Data from Shibariumscan shows that the Layer-2 network has now processed 1.56 billion transactions since launching in August 2023. In addition, the blockchain has recorded roughly 269.93 million addresses, highlighting the scale of its cumulative network usage.
Shibarium has also produced more than 18.47 million blocks, while its average block time currently stands at approximately 8.3 seconds.
Shibarium Transaction Volume Spikes
Shibarium DEX Activity Remains Extremely Weak
Despite the latest surge, Shibarium has yet to see a corresponding increase in decentralized finance activity.
At press time, decentralized exchanges on Shibarium had processed just $0.02 in trading volume over the previous 24 hours. This extremely low figure suggests that the increase in transaction activity has not yet translated into meaningful trading activity.
Similarly, Shibarium’s total value locked (TVL) stood at $25,273, while the network generated only $0.14 in fees and $0.14 in revenue during the same period.
Consequently, the latest transaction spike should not yet be interpreted as a broad recovery in Shibarium’s overall on-chain economic activity.
Shibarium TVL
Shiba Inu Burn Rate Declines 55%
Meanwhile, Shiba Inu’s token-burning activity has also weakened.
The $SHIB burn rate declined by 55% over the past 24 hours. During that period, the community permanently removed 4.72 million $SHIB tokens, worth around $22, from circulation.
The sharp slowdown contrasts with periods of elevated burn activity in recent weeks. However, the latest burn figure remains relatively small compared with the broader $SHIB supply.
$SHIB Slips to 29th in Crypto Rankings
The latest Shibarium developments come as $SHIB struggles to maintain its position among the largest cryptocurrencies by market capitalization.
After climbing to 25th place toward the end of July, Shiba Inu has since slipped to 29th. At press time, $SHIB had a market cap of $2.76 billion and traded at around $0.000004692.
Nevertheless, the token recorded a modest short-term recovery, gaining 1.28% over the previous 24 hours. Despite that increase, $SHIB remained down approximately 2.7% over the past seven days.
Grayscale, one of the largest crypto asset managers based in the US, has withdrawn its ETF applications for three major altcoins.
At this point, Grayscale withdrew its ETF applications for Cardano, Hedera, and Polkadot, three altcoins that have recently caused significant disappointment with their price drops.
Grayscale has filed three Form RW withdrawal requests with the U.S. Securities and Exchange Commission (SEC), seeking the withdrawal of S-1 registration statements for the Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF.
The SEC responded to this request in record time, with data showing that the ETF registrations were accepted just 190 seconds after the application was submitted.
Why Did Grayscale Withdraw Its ADA, HBAR, and DOT Applications?
The documents submitted to the SEC showed that all three applications contained standard and general justifications. Grayscale stated that it did not intend to proceed with the planned distribution of ETF shares under these registration statements. It was also noted that the registrations had not yet taken effect and no shares had been issued or sold.
In this context, neither Grayscale nor the SEC has explained the actual and clear reason for the withdrawal.
Finally, Grayscale currently has pending applications for Bittensor (TAO), Aave (AAVE), BNB, Near Protocol (NEAR), and Zcash (ZEC) ETFs. According to experts, this indicates that Grayscale is becoming more selective in its ETF applications.
Standard Chartered initiated coverage of Chainlink on Monday with a price target of $200 by end-2030, up from around $8 today.
The bank expects tokenized assets on-chain to reach $4 trillion by end-2028 and assets deployed in DeFi to grow 37-fold to $2.7 trillion by 2030.
LINK was trading at around $8.25 Monday, down 0.8% on the day, according to CoinGecko.
Standard Chartered has initiated coverage of Chainlink with a price target of $200 by the end of 2030, implying a roughly 25-fold gain from around $8 today and outperformance of both Bitcoin and Ethereum over the period.
Geoff Kendrick, the bank’s global head of digital assets research, laid out staged targets in a note published Monday: $13 by the end of this year, then $41, $82 and $133 before reaching $200. The same note pencils in Bitcoin at $500,000 and Ethereum at $40,000 by end-2030.
Kendrick expects the value of tokenized assets on-chain to climb roughly 12-fold to $4 trillion by end-2028 from about $340 billion now, and assets deployed in DeFi to grow 37-fold to $2.7 trillion by 2030. Because Chainlink charges for delivering data and moving assets between chains, the bank estimates its fees should rise about 25 times over that period, and assumes the token price follows fees.
Chainlink’s incumbency is the other half of the argument. The note puts its total value secured above $110 billion, covering roughly 70% of oracle-dependent value in DeFi globally and more than 80% on Ethereum. Aave V3 alone accounts for 44% of that secured value.
Wall Street on the client list
Kendrick named Swift, DTCC, Euroclear, JP Morgan, Mastercard, UBS, Fidelity and S&P Global among institutions using Chainlink services, and expects off-chain customers to become a growing share of fees. Tokenized funds and bonds need net asset values, rates and reserve attestations, making them more data-hungry than crypto-native assets.
On interoperability, Chainlink still trails LayerZero. The note says more than $7 billion in token value has moved from legacy bridges to Chainlink’s CCIP since a $292 million exploit in April, with quarterly CCIP volume reaching $4.9 billion in the second quarter, up 353% year on year. Decrypt reported in May that KelpDAO blamed LayerZero for that exploit and planned to rebuild on Chainlink, a characterization LayerZero disputes.
The note is the latest in a run of DeFi initiations from Kendrick, all built on the same 37-fold forecast. He set targets of $100 for Uniswap and $3,500 for Aave in June, and $60 for Morpho in July. UNI jumped double digits after its note landed. Chainlink’s response has been more muted, with LINK currently trading at $8.25, down 0.8% on the day, per CoinGecko data.
Risks flagged in the note include institutional tokenization scaling more slowly than expected, pilots failing to become recurring production workflows, specialist providers taking share, and technical failures denting confidence.
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The crypto market opened the week on a positive note, with bitcoin $BTC$64,978.83 up 0.54% since midnight UTC at $65,209 and ether $ETH$1,916.58 gaining 0.86% to $1,925 as sentiment stabilized following a turbulent July.
The move was correlated with Nasdaq 100 index futures, which rose by 0.45% since midnight, buoyed by speculation from the Middle East that Iran is ready to strike a deal with Oman to open the Strait of Hormuz.
The altcoin market is delicately poised, waiting to see if bitcoin can drive higher into the $68,000 to $72,000 range before benefiting from capital rotation.
Derivatives positioning
Long-short ratio flips bullish: The long-short ratio for taker volume in crypto futures has flipped bullish, with longs accounting for 52% of the flow. A taker is an entity that removes liquidity from the order book by trading at available prices.
$BTC OI growth remains elusive: Bitcoin futures market activity remains subdued as $BTC attempts to hold above $65,000 amid cooling bets on Federal Reserve rate increases. Open interest (OI) slipped back below 750K $BTC. However, annualized funding rates and 24-hour OI-adjusted CVD remain positive, indicating that the limited interest present in the market is leaning bullish.
$ETH OI slides: De-risking continues in $ETH futures, with open interest falling to 13.35 million tokens, the lowest level since May 3, and a significant drop from the late-May peak of 15.98 million tokens.
Activity picks up in $SOL futures: Renewed activity is appearing in $SOL futures, as open interest rebounds to 64.60 million tokens from a recent low of around 60 million. This points to fresh capital inflows, coinciding with the token’s price recovery from nearly $70 to over $76 and a break above the widely tracked Ichimoku cloud, signaling a potential short-term bullish trend reversal.
Monero leads OI growth: Privacy-focused coin Monero (XMR) has surged 5% over the past 24 hours, briefly topping $400 for the first time since June 12. The rally appears to have staying power, with futures open interest jumping 6% alongside the price gains. The 24-hour CVD is the most positive among major cryptocurrencies, indicating that buyers are acting more aggressively through market orders rather than passive limit orders. In addition, annualized funding rates stand at the highest level among majors at 28%, underscoring growing demand for upside exposure.
BVIV hits 2026 lows: Bitcoin’s 30-day implied volatility index, BVIV, fell to a year-to-date low of 35.59% over the weekend. The drop shows expectations for market calm, although some traders warn that put options offering protection from price losses in $BTC are still trading at a premium to calls.
Calls dominate volume: The 24-hour volume ranking in options shows increased investor bias for bitcoin calls at strikes $68,000 and $70,000. Ether options show a similar profile.
Token talk
Pump.fun PUMP$0.002740 led the altcoin market with a 5.39% gain since midnight UTC, extending a 24-hour run that has pushed its market cap above $1.1 billion.
Ethena (ENA) rose 4.84% to $0.0907, continuing a steady recovery that has seen it gain ground in most sessions over the past two weeks. Still, it remains more than 90% below its all-time high.
NEAR protocol gained 3.79% as AI tokens broadly recovered, with FET adding 2.10% after weeks of underperformance against the wider market.
Lighter (LIT) slipped 0.94%, one of the only notable altcoins in the red as its slide following July’s 200%-plus rally continues to grind lower.
Woldcoin WLD$0.3398 posted a 13% gain over the past 24 hours but remains in a deep downtrend, down 91% from its record high one year ago.
CoinMarketCap’s “altcoin season” indicator is at 37/100, down significantly from last week’s peak of 51/100 as investors focus on bitcoin’s potential move higher.
Supporters of BIP-110 split off into a minority Bitcoin chain on Saturday at block 961,632, but it mined only two blocks in about eight hours before stalling, falling dozens of blocks behind the main network.
The fork inherited Bitcoin’s difficulty setting with barely any hashpower—about 2.53% of recent blocks signaled support, far below the 55% activation threshold,
BIP-110 sought to temporarily block non-financial data like Ordinals inscriptions from transactions, a move critics including Michael Saylor call a dangerous precedent.
The long-simmering fight over a controversial Bitcoin network proposal finally produced a chain split over the weekend, but the breakaway Bitcoin fork sputtered almost immediately, grinding out just two blocks in roughly eight hours before stalling out.
The fork came as a result of a Bitcoin Improvement Proposal known as BIP-110, whose supporters claimed would protect the network from unwanted spam and the legal liability that comes from hosting non-financial data on the network. Its detractors, the majority of the Bitcoin community, viewed it as an attempt at censorship.
The fork triggered Saturday at block 961,632, when Bitcoin nodes running BIP-110 software began rejecting any block that failed to signal support for the proposal. A block mined by AntPool without that signal was accepted by the main network and rejected by BIP-110 nodes, while a miner on the Ocean pool produced the alternative the minority chain followed.
Hours later, the splinter chain sat far behind, trailing the main network by dozens of blocks as Bitcoin kept churning out one roughly every ten minutes.
The stall stems from a problem the fork can’t easily escape. Bitcoin only recalibrates its mining difficulty every 2,016 blocks, and the breakaway chain inherited the network’s current setting while commanding a sliver of its computing power—about 2.53% of recent blocks signaled for the proposal, far short of the 55% needed to activate without splitting. At that pace, the chain would need roughly 350 days to reach its next difficulty adjustment, versus about two weeks for Bitcoin, leaving blocks hours apart.
BIP-110, as Decrypt has previously reported, is a soft-fork proposal to temporarily bar people from stuffing images, text, and other non-financial data into Bitcoin transactions. Backers argue the practice, popularized by Ordinals inscriptions, clogs the network and drives up fees for ordinary payments.
Opponents counter that anyone paying for block space has earned the right to use it as they see fit, and that letting miners and node operators police transactions erodes Bitcoin’s censorship resistance. Strategy’s Michael Saylor has been among the critics, warning that turning a spam dispute into a consensus change sets a dangerous precedent.
On early Sunday morning, Saylor posted on X: “Bitcoin worked exactly as designed. BIP-110 was free to fork, and the network was free not to follow. The result was decisive: about 99.85% of Bitcoin’s hash power stayed with Bitcoin. The BIP-110 branch mined only two blocks and is already more than 80 blocks behind.”
Bitcoin worked exactly as designed. BIP-110 was free to fork, and the network was free not to follow. The result was decisive: about 99.85% of Bitcoin’s hashpower stayed with Bitcoin. The BIP-110 branch mined only two blocks and is already more than 80 blocks behind.
Jameson Lopp, a long-time Bitcoin advocate and the co-founder of Bitcoin security company Casa, echoed the sentiment and took it a step further: I won’t be ‘welcoming back’ or unblocking any BIP-110 supporters,” he posted on X. “They proved themselves to be susceptible to delusional propaganda from folks emanating reality distortion fields. In many cases they spewed vitriol and harassed the very people who have devoted their lives to supporting and improving Bitcoin.”
I won’t be “welcoming back” or unblocking any BIP-110 supporters.
They proved themselves to be susceptible to delusional propaganda from folks emanating reality distortion fields. In many cases they spewed vitriol and harassed the very people who have devoted their lives to…
There’s a further catch for anyone holding the fork’s coins: because both chains accept identical transactions, a sale on the minority chain can be replayed on Bitcoin, potentially handing a buyer real BTC from the same seller. The mandatory signaling window closes at block 963,647—a mark the chain won’t come close to reaching.
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Payments-focused cryptocurrency $XRP dropped about 5% to $1.03 last week, even as bitcoin BTC$64,992.63, ether ETH$1,918.56, and solana (SOL) each climbed 1% to 4%. The broader crypto market added 1.4%, pushing total market capitalization to $2.19 trillion. $XRP is currently hovering near $1.03.
The underperformance is puzzling because $XRP exchange-traded funds still attracted net investor capital for a fourth consecutive week. The inflows, however, have slowed sharply, collapsing roughly 93% week-over-week to around $1 million, according to data source SoSoValue. Meanwhile, bitcoin and ether funds pulled in hundreds of millions.
Traders and analysts on X and elsewhere point to several overlapping explanations for the price apathy. Regulatory uncertainty tops the list: the Senate has delayed consideration of the CLARITY Act, the legislation many view as key to clarifying $XRP’s status and unlocking broader institutional participation. That vote is not expected until mid-September at the earliest.
On the flow side, the setup currently looks balanced.
“$XRP’s positioning looks patient in its own right, with order flow staying large even as volume metrics turn neutral — quiet absorption rather than capitulation or a confirmed breakout,” Iliya Kalchev,, analyst at Nexo, said in an email.
New York Stock Exchange President Lynn Martin said on Aug. 10 that the exchange is continuing to develop infrastructure for onchain settlement of tokenized securities, months after outlining plans for a dedicated digital trading platform.
Speaking at a National Assembly seminar in Seoul, Martin also confirmed NYSE participated in The Depository Trust Company’s July tokenization initiative.
The remarks provide a fresh update on a project that has moved from an early development announcement into live industry testing. NYSE first disclosed the platform in January, while regulatory filings and its participation in DTC’s July production transactions have since provided clearer details about how tokenized securities could fit into existing U.S. market infrastructure.
NYSE Developing Onchain Settlement Platform for Tokenized Securities
NYSE President Lynn Martin said the exchange is developing an onchain settlement platform for tokenized securities and participated in DTC’s tokenization pilot in July.
Martin said NYSE will continue exploring… pic.twitter.com/XlF5ptE9We
— Wu Blockchain (@WuBlockchain) August 10, 2026
NYSE tokenized securities plan moves beyond January announcement
NYSE parent Intercontinental Exchange first announced the platform on Jan. 19. The planned venue is designed to combine NYSE’s Pillar matching engine with blockchain based post trade infrastructure. ICE said it would support 24/7 trading, immediate settlement, fractional shares, dollar denominated orders and stablecoin funding.
Subject to regulatory approvals, the separate digital venue would support both tokenized versions of traditional securities and securities issued natively in tokenized form. Holders would retain conventional dividend and governance rights. The system is also being designed to support multiple blockchain networks for settlement and custody.
As previously reported in the exchange’s January plans, the project represents a broader attempt to bring blockchain settlement into regulated U.S. equities rather than creating an offshore tokenized stock product. Martin said in Seoul that NYSE views the industry as being at a “critical turning point between traditional finance and DeFi.”
DTC pilot gave NYSE a live production test
Martin said NYSE participated in DTC’s tokenization pilot in July. DTCC independently confirmed NYSE among more than 30 financial and digital asset companies involved in live production transactions completed on July 15. Participants also included BlackRock, Goldman Sachs, JPMorgan, Nasdaq, Circle, Ondo Finance, Citadel Securities and Vanguard.
The DTCC release said the exercise converted securities held at DTC into tokenized representations and used them in real transactions. Tests covered equity delivery versus payment, Treasury and repo transactions, securities lending, collateral pledges, equity transfers and central counterparty margin processes. The transactions ran across DTCC’s private Besu network and the public Canton network.
The July work was therefore more than a technical sandbox. It used DTC’s production environment and followed a December 2025 SEC staff no action letter permitting DTC to operate a three year tokenization program under specified conditions. DTCC plans to launch its broader Tokenization Service in October. As crypto.news reported in recent pilot coverage, the effort brings major traditional and crypto firms onto common settlement infrastructure.
NYSE has also taken a separate regulatory step. An April SEC filing established rules allowing eligible securities to trade in tokenized form on NYSE during DTC’s pilot program. The filing became effective upon submission under the applicable SEC rule process.
Under that framework, tokenized shares can trade alongside traditional shares on the same order book when they have the same ticker, CUSIP, rights and privileges. Eligible securities include Russell 1000 components and exchange traded funds tracking major indexes. The tokenization choice does not alter order priority. In related regulatory coverage, crypto.news previously reported how the proposal keeps the assets inside existing national market rules.
There is an important distinction between that framework and NYSE’s planned dedicated digital venue. Trades handled through the current DTC pilot continue settling on a T+1 basis, according to the SEC filing. By contrast, NYSE’s separately announced digital platform is intended to support immediate settlement and 24/7 trading and remains subject to regulatory approvals described by ICE.
What happens next for NYSE’s onchain platform
NYSE has also been building the infrastructure around the proposed venue. In March, it signed an agreement with Securitize, naming the company as the first digital transfer agent eligible to mint blockchain native securities for issuers on the upcoming platform. Securitize Markets is also expected to participate as a broker dealer, subject to applicable requirements.
The next concrete milestone is DTCC’s planned October launch of its Tokenization Service following July’s production transactions. NYSE’s April rules also state that the exchange will provide members at least 30 calendar days of notice before beginning tokenized trading under the DTC pilot framework.
For the separate 24/7 digital platform, ICE has not replaced its original qualification that the venue is subject to regulatory approvals. Martin’s Seoul remarks instead show that NYSE continues pursuing the project while testing tokenized market infrastructure through DTC. Her comments frame onchain settlement as a potential part of global financial infrastructure, but its broader rollout still depends on regulatory and operational steps.
