Author: Anmol Khatiwada

The U.S. Department of Commerce has officially partnered with blockchain oracle providers Chainlink and Pyth Network to bring federal macroeconomic data directly on-chain.

Following the announcement, Pyth Network’s native token (PYTH) recorded a massive 3,389% surge in daily trading volume, reaching $874.99 million. The altcoin’s market valuation jumped 56% in hours, reclaiming the billion-dollar milestone at $1.02 billion.

According to Thursday’s statement, Pyth Network will serve as the publisher of U.S. gross domestic product (GDP) data — one of the most critical indicators of national economic performance. This move aligns with the Trump administration’s strategy to boost transparency in government reporting and strengthen America’s role as a global crypto hub.

The integration could fuel growth in tokenized financial instruments, including stablecoins, government bond tokens, RWAs, and perpetual futures, all of which depend on accurate and tamper-proof economic data.

PYTH price rallied strongly on August 28, breaking through multiple resistance levels after a month of consolidation. If bullish momentum continues, PYTH could aim for resistance at $0.22515 or even retest February highs around $0.25155. Conversely, profit-taking may bring it back to $0.167 or lower.

This partnership signals a major step toward bridging traditional economic reporting with decentralized finance.

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Japanese gaming and blockchain company Gumi has announced plans to build a new digital asset treasury centered around XRP, with a purchase valued at approximately $17 million (2.5 billion yen). The acquisition, approved at its latest board meeting, will take place between September 2025 and February 2026.

According to Gumi’s press release, the XRP purchase is not a speculative bet but a strategic move to leverage XRP’s real-world role in international money transfers and liquidity networks. “XRP will be used as a network asset to meet financial demand,” the company explained.

Earlier this year, Gumi invested 1 billion yen (about $6.7 million) into Bitcoin, deploying it in staking protocols like Babylon to generate yield and strengthen its treasury. With this latest move, Gumi aims to balance its holdings between Bitcoin and XRP.

Bitcoin will serve as a store of value and a lending/DeFi asset, while XRP will function as a utility token for payment support and liquidity provision. Together, these assets are designed to grow Gumi’s blockchain business and increase its corporate value.

The company confirmed it will review asset performance quarterly and report any material earnings impact promptly

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Japan Post Bank plans to roll out a digital deposit currency by 2026, signaling a major step toward blockchain integration in Japan’s traditional banking system.

According to Nikkei, the bank will utilize DCJPY, developed by DeCurret DCP under the Internet Initiative Japan (IIJ) Group, to settle digital securities and other financial products. Account holders will be able to link a special account to their savings and swap balances 1:1 with the yen, streamlining digital asset use.

With around 120 million accounts and $1.29 trillion in deposits (as of March), Japan Post Bank could quickly become a key player in Japan’s growing digital finance ecosystem.

Unlike public stablecoins like JPYC, DCJPY is a tokenized deposit issued on a permissioned blockchain managed by regulated financial institutions. This structure ensures secure, controlled transactions aligned with Japan’s regulatory standards.

Initially, DCJPY will focus on security token settlement, but future applications may include local government subsidies. Interoperability between permissioned blockchains remains a challenge.

Analysts see this move as a milestone in mainstream blockchain adoption, potentially reshaping how deposits, securities, and payments operate in Japan’s financial sector.

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The crypto community is divided after prominent blockchain investigator ZachXBT sharply criticized Ripple and its supporters, calling XRP “exit liquidity for insiders.”

In a recent post on X, ZachXBT dismissed XRP alongside Cardano, Pulsechain, and Hedera as “not worth supporting.” The remarks came after a user inquired about an “XRP Ledger Forensics group” to help trace and freeze stolen funds. Zach responded that filing an IC3 report and tracing through exchanges were the only realistic options, adding that Ripple no longer funds public goods to protect or educate its community.

He claimed that the lack of institutional safeguards adds unnecessary risk for XRP holders and weakens its position as an investment.

However, some suggest personal history might have influenced the comments. Researcher Ripple Van Winkle alleged that Zach once approached Ripple with a proposal to work as an on-chain investigator — a proposal Ripple reportedly declined, believing it could create unnecessary publicity compared to its existing compliance and investigative teams.

XRP reacted to the controversy, slipping 3.7% to $2.88. While some traders see Zach’s remarks as a fair warning about Ripple’s structural challenges, others view them as personal frustration over a failed collaboration.

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U.S. spot Ethereum ETFs are ending August with nearly $4 billion in net inflows — their second-largest monthly gain since launch. This surge highlights growing institutional confidence in ETH products while Bitcoin ETFs face more turbulent flows.

Coinglass data shows that in late 2024, Ethereum ETFs experienced erratic activity even when ETH traded near $4,000. By February 2025, ETH slipped below $2,000, and ETF outflows increased, dampening sentiment across retail and institutional investors.

However, mid-2025 marked a sharp reversal. From May onward, inflows surged as institutions allocated heavily to Ethereum ETFs. ETH prices recovered in parallel, rising from below $2,000 to nearly $4,500 by August 29.

Bitcoin ETFs, meanwhile, have seen volatile sessions. SoSoValue reports daily inflows swinging between billion-dollar surges and steep withdrawals, yet total net assets remain above $140 billion. BlackRock’s IBIT leads with over $58 billion in cumulative inflows, while Grayscale’s GBTC continues to lose assets due to higher fees.

Farside data shows Ethereum ETFs attracted roughly $13.5 billion in August, though mid-month saw outflows exceeding $400 million. Bloomberg’s James Seyffart noted nearly $14 billion has flowed into Ethereum ETFs since inception, with over 90 crypto ETPs — including Solana, XRP, and HBAR — awaiting U.S. regulatory approval.

This momentum signals increasing institutional appetite for diversified crypto exposure, potentially setting the stage for broader altcoin ETF adoption.

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Shibarium, Shiba Inu’s Layer-2 blockchain, has seen a dramatic 99.8% collapse in daily transactions, according to Shibariumscan. Only 9,590 transactions were recorded recently, down from a peak of 4.8 million on August 20. The sudden drop reflects a market-wide cooling, with traders stepping back and avoiding aggressive moves.

Despite the slump, Shibarium remains structurally strong. The network recently celebrated its second anniversary, having processed more than 1.56 billion transactions and produced over 12.8 million blocks. Wallet adoption continues to expand, with addresses now exceeding 271 million, signaling long-term growth.

Meanwhile, SHIB’s broader ecosystem is gaining traction in traditional finance. Asset manager Valour has launched SEK-denominated exchange-traded products (ETPs) in Sweden, including one tied to SHIB, providing Nordic investors exposure to the popular token.

The Shiba Inu team has also stepped up security alerts. Scammers are targeting holders through fake accounts and counterfeit tokens. The team reminded the community to verify all sources, stressing there is no LEASH token or migration on Solana. Any token claiming otherwise is fraudulent.

With a solid foundation but shrinking short-term activity, Shibarium’s next moves will be closely watched by traders and long-term investors alike.

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WazirX’s native token WRX recently dipped nearly 15%, trading around $0.073, as the exchange moves into the critical verification stage of its Amended Scheme revote. The revote was initiated after concerns about the accuracy of the first voting round. Now, independent assessors are validating the updated ballots to ensure transparency and fairness before results are finalized.

The outcome of this verification process could be pivotal for WRX’s future market movement. A positive resolution with strong community support might restore investor confidence and potentially drive price recovery. Conversely, if the final verdict reveals disagreements or operational issues, WRX may face continued volatility in the short term.

Despite the drop, trading volume on WazirX remains active, indicating that investors are closely watching the developments. The exchange has assured that the verification will be completed efficiently and updates will be shared publicly.

As regulatory scrutiny of crypto exchanges intensifies globally, WazirX’s handling of this revote could set an example for other platforms. Investors should monitor announcements closely, as the verified outcome may determine WRX’s trajectory in the coming weeks.

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A major Bitcoin whale has pivoted toward Ethereum, sparking fresh debate in the crypto market. Blockchain analytics platform Lookonchain reported that this longtime holder created a new wallet and deposited $20 million in USDC to take a leveraged Ethereum position.

Currently, the whale controls long positions totaling 78,265 ETH, valued at around $334 million, spread across five wallets.

Previously, the same whale sold 670.1 BTC, worth $76 million, and used the proceeds to open 68,130 ETH longs. Lookonchain revealed that this address belongs to a Bitcoin OG who received 14,837 BTC seven years ago from HTX and Binance, which were worth $107.5 million at the time and now approach $1.7 billion.

Rotating From Bitcoin to Ethereum

Crypto strategist Samson Mow, CEO of Jan3, offered insight on the move:

“Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives. Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational bagholders, and then rotate the gains back into BTC. No one wants ETH in the long run. Plan accordingly.”

The whale’s strategy reflects the long-standing cycle of capital rotation between Bitcoin and Ethereum. However, the scale of the current move signals renewed confidence in ETH during a period of institutional attention.

Institutions Increasing Ethereum Holdings

Alongside whale activity, institutional players are entering the Ethereum market. BitMine Immersion Technologies recently boosted its treasury by adding 52,475 ETH, showing that companies are diversifying crypto holdings beyond Bitcoin.

CryptoQuant data further shows the ratio of whale activity to Bitcoin exchange volume is 0.47, indicating that large holders represent only a small fraction of total exchange trading. With Bitcoin trading above $112,000, other factors, including institutional interest, are supporting the crypto market.

The whale’s Ethereum investments may fuel short-term maneuvers but also carry potential risks of market manipulation. Traders and investors are closely watching whether ETH can sustain this momentum amid increasing institutional adoption.

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Hyperliquid has rolled out a major upgrade to its decentralized exchange, officially enabling multi-quote spot trading on mainnet. The deployment, led by the USDT0 team, automatically launched the HYPE/USDT pair as the first example of the new system.

⚡ Multi-Quote Expansion
The update allows HIP-1 base asset deployments to select any quote asset for their initial spot pair, significantly improving flexibility. In line with HIP-1’s cadence, new permissionless pairs between base and quote assets will continue to launch through independent Dutch auctions.

The team also hinted at upcoming enhancements to broaden quote asset strategies, making the platform even more versatile for traders.

📊 Whale Activity & Market Performance
At the time of writing, HYPE trades at $44.21, with a 24-hour volume of $228 million, despite a 5.28% daily dip (CoinMarketCap). Notably, whale wallet 0xa523 injected more than $40 million USDC into the platform, scooping up 466,000 HYPE tokens worth $21.5M between $46–$47.

📈 Strong Growth Metrics
Hyperliquid’s momentum is visible across on-chain metrics. According to DeFiLlama, total value locked (TVL) reached $2.81B this week. On August 15, the protocol processed $29B in 24-hour volume, generating $7.7M in fees. With 97% of trading fees allocated to HYPE buybacks, trading surges directly support token price growth.

In July alone, Hyperliquid handled $320B in trades, capturing 6.1% of global crypto trading activity, rivaling some centralized exchanges.

🗣️ Founder’s Vision
Co-founder Jeff Yan, a Harvard-trained mathematician, said Hyperliquid’s success comes from self-funding and user-first design rather than heavy VC backing.

“Progress comes when users derive value from what you’ve built,” Yan emphasized on the WuBlockchain Podcast.

With its Layer-1 securing $2.21B in TVL, Hyperliquid’s mainnet upgrade underscores its push to compete directly with centralized exchanges while empowering traders.

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