A chain is only as strong as its next block—keep building.

Prices (USD, inline):
BTC $110,582.00 🟢↑ | ETH $4,400.17 🔴↓ | SOL $203.65 🟢↑ | BNB $854.74 🔴↓ | XRP $2.82 🔴↓ | ADA $0.8229🔴↓ | AVAX $24.14 🔴↓ | DOGE $0.2137 🔴↓ | DOT $3.78 🔴↓

Quick Index ⚡️
📊 BTC pops back above $110K as long-term holders unload a record 97K coins.
🛠️ Ethereum to sunset Holesky after the Fusaka upgrade; devs pivot to Hoodi.
🏦 Japan Post Bank sets 2026 launch window for tokenized deposit “DCJPY.”
🏛️ ESMA flags tokenization risks while backing DLT pilots in fresh remarks.
🏗️ Coincheck buys regulated prime broker Aplo to scale institutions.
📈 On-chain perps boom: Hyperliquid posts record ~$100M monthly revenue in August.

Markets

Bitcoin firmed above $110K into Tuesday as “long-term holders” spent 97,000 BTC on Friday—the largest one-day move of 2025—adding supply but not breaking key support. The flush reset positioning after August’s drawdown; desks now eye basis and funding as liquidity normalizes post-holiday. (According to CoinDesk and Glassnode figures cited therein.)

Derivatives pros are watching the “basis trade” for a comeback if the Fed cuts in September. CME BTC open interest has slipped this year even as annualized basis stayed subdued; a policy shift could revive liquidity and term structure, a tailwind for market-neutral flows that often bleed into spot demand. (As outlined by CoinDesk’s futures update.)

Trump-family-backed World Liberty Financial’s $WLFI token started trading Monday with choppy price action and heavy attention—a fresh reminder that token listings can add idiosyncratic volatility to crypto beta. For portfolio risk, it’s noise unless liquidity broadens into majors, but headline risk can whipsaw sentiment intraday. (As reported by Reuters’ markets desk.)

Regulation

Europe’s markets supervisor leaned into tokenization—cautious optimism with guardrails. In a keynote today, ESMA highlighted the DLT Pilot and broader tokenized-securities work, while separate remarks flagged risks around tokenized stocks and the need for robust liquidity-management and investor protections. The read-through: tokenized rails are coming, but compliance will set the pace. (As outlined in ESMA’s speech and coverage of the remarks.)

Adoption

Japan Post Bank—one of the country’s largest deposit-taking institutions—will roll out “DCJPY,” a tokenized deposit currency, by the end of fiscal 2026. It’s not a free-floating stablecoin: deposits convert 1:1 to a blockchain-based yen for instant settlement of digital assets and securities. That signals mainstream banking rails preparing for tokenized finance at scale. (According to Reuters and company statements.)

In a bid to court institutions, Nasdaq-listed Coincheck’s parent is acquiring Aplo, a France-regulated prime broker (AMF-supervised). Expect tighter fiat on/off-ramps, credit lines and agency execution for funds trading spot and derivatives—another bridge between TradFi tooling and crypto liquidity. (According to CoinDesk.)

Tech & Innovation

Ethereum developers confirmed a planned shutdown of the Holesky testnet two weeks after the Fusaka fork finalizes there, with the new Hoodi testnet taking center stage. Holesky served high-capacity staking and upgrade rehearsals; sunsetting it cleans up the dev surface ahead of mainnet changes targeted for November. For builders, migrate test infra soon to avoid breakage. (As detailed by CoinDesk and the Ethereum Foundation update.)

On Bitcoin, OP_CAT Labs’ Bruce Liu used a conference stage to argue for re-enabling the long-disabled OP_CAT opcode to unlock richer programmability—think vaults, covenants, and more expressive scripts—while critics warn about attack surface and ossification norms. Even without a near-term path, the debate spotlights active R&D on Bitcoin’s base layer. (Covered by CoinDesk.)

Meanwhile, on-chain perps momentum keeps ripping: Hyperliquid logged over $100 million in August revenue, per industry trackers—an all-time high that underscores user appetite for self-custody trading with CLOB-style UX. If sustained, fee capture at that scale pressures L1s and CEXs to sharpen pricing and latency. (According to The Block.)

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