Per CryptoQuant’s second September weekly report, Ethereum’s latest uptrend from about $1,400 in April to a high near $5,000 has unfolded alongside heavier allocations in funds and whale accumulation, a pullback in exchange deposits, and activity peaks across transactions, addresses, and smart-contract calls.

Ethereum trades below a realized price band of $5,200 while fund holdings and on-chain use hit records.

The report frames the next phase around whether price can clear the realized price upper band that capped prior advances.

According to CryptoQuant, Ethereum fund holdings, driven largely by U.S. spot ETFs, have reached 6.7 million ETH, nearly double since April. Addresses holding 10,000 to 100,000 ETH added roughly 6 million ETH over the same period, with this cohort now at 20.6 million ETH, a new high.

The “smart money” share embedded in those balances means a material portion of demand is already in place, compressing the room for momentum to do the heavy lifting without fresh flows. The charts on page 2 of the report show both the fund-holding curve and cohort balances making new peaks.

Staking has climbed in parallel.

The total ETH staked stands at around 36.2 million, up by roughly 2.5 million ETH since May. The rising validator count reduces circulating supply and supports a tighter float, yet it also sequesters capital that would otherwise meet new demand if price drifts or volumes thin out.

That mix of lower float and higher commitment from validators helps explain why spot market pressure can ease even when price consolidates.

On-chain throughput has expanded. Total daily transactions peaked at about 1.7 million on August 16, and active addresses reached roughly 800,000 on August 5, both new highs, per the network dashboards. Smart-contract calls surpassed 12 million daily for the first time, marking the heaviest programmatic use of the base layer so far.

Elevated usage across DeFi, stablecoin transfers, and token activity builds fee revenue and reinforces the settlement-layer role that underpins ETH’s cash-flow and utility narratives. If activity cools, volatility often follows as price discovers the correct multiple on lower throughput.

Spot-side supply pressure has eased.

CryptoQuant’s exchange-inflow series shows deposits to centralized venues falling from roughly 1.8 million ETH in mid-August to about 750,000 ETH per day after the early-September price high.

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Fewer coins moving to exchanges typically line up with thinner realized selling, which aids stability during retests. Low inflows can also coincide with quieter order books, so prices can travel more on smaller trades if a catalyst lands.

The technical fulcrum is the realized price upper band near $5,200. CryptoQuant plots that level as the region that repelled advances in 2020–2021 and again in early 2024. ETH trades around $4,400 in the report window, so the market sits one step below a threshold with a track record of pausing uptrends.

Clearing that zone would shift trading into territory where realized holders, on average, sit deeper in profit, and where supply forces depend more on whether newer inflows outpace long-dated distribution.

The flow picture offers a simple checklist for the weeks ahead.

Fund holdings are already at a record, so incremental net creations matter more than absolute size. Whale cohorts hold over 20 million ETH, so net additions from this group carry outsized weight versus retail churn.

Staking is at 36 million ETH, so any acceleration or slowdown in validator deposits will change the liquid float at the margin. Exchange inflows are subdued compared with August, so watch whether that series stays compressed or reverts as price revisits prior highs. All four lines are visible across the report’s holdings, staking, network, and inflow charts.

For valuation context, CryptoQuant ties the April-to-September advance to a dual engine of institutional participation and on-chain throughput. That framing pairs the top-down demand capture of ETFs with bottom-up settlement use across DeFi and tokens.

It also leaves room for periods where activity outruns price or vice versa. In those phases, realized bands and exchange-flow gauges help separate consolidation from distribution, especially when positioning is already heavy among large holders.

The near-term setup, therefore, revolves around whether ETH holds its footing into a second attempt at the realized band, with funds, whales, staking, and activity providing most of the signal on whether the cycle keeps its pace or pauses.

According to the report, the realized price upper band near $5,200 remains the level in focus.

Daily Candle Signals Bearish Pressure For Bitcoin

Cryptowzrd expanded on his outlook by pointing out that Bitcoin’s daily candle closed bearish, with price now trading beneath the $110,500 support zone. This breakdown is significant and could invite further selling pressure in the sessions ahead if buyers fail to reclaim the level.

He emphasized that holding below this support opens the door for a potential move toward the $100,000 mark. However, a strong bullish candle and a swift recovery could invalidate the bearish setup, restoring confidence for buyers.

In the analysis, he also highlighted the performance of Bitcoin Dominance (BTC.D), which closed indecisively while displaying weakness. This weakness in dominance is often viewed as a positive signal for altcoins, as it suggests capital is flowing away from Bitcoin and into alternative assets.

Such a shift in market dominance reflects growing market confidence in altcoins. When Bitcoin dominance stalls or declines, it tends to fuel altcoin rallies, allowing traders to diversify into promising setups across the market.

Finally, he noted that markets are heading into the monthly transition period, a time often associated with increased volatility and mixed sentiment. Going into the weekend, he emphasized the importance of staying rational and avoiding overextending in either direction, maintaining measured strategies while waiting for clearer confirmation signals.

BTC Volatility Dominates Intraday Trading

Cryptowzrd highlighted that today’s intraday chart displayed sharp volatility with a clear bearish tone, as Bitcoin slipped and is currently holding below the $110,400 intraday support. This level has now become critical, as losing it signals weakening buyer strength and raises the risk of further downside pressure. 

He explained that if Bitcoin retests $110,400 and fails to reclaim it, the level could flip into resistance. Such a scenario would likely trigger a short setup, with price action targeting the $105,500 support area or even extending lower if bearish momentum accelerates. This makes the $110,400 region a decisive battleground for traders closely watching intraday setups.

On the other hand, Cryptowzrd pointed out that a strong reclaim and hold above $110,400 could shift momentum back in favor of the bulls, opening the door for further upside pressure. However, the crypto analyst emphasized that the market currently lacks clarity, and traders should exercise caution before rushing in.

U.S. spot Bitcoin ETFs bought about 1,620 BTC on Aug. 28, roughly 3.6 times the approximately 450 BTC miners create each day.

Per Farside Investors, net inflows totaled $178.9 million, the fourth consecutive positive session into Aug. 28. The supply side is fixed by protocol changes made in April 2024, when the block subsidy fell to 3.125 BTC, or about 450 BTC per day at an average 10-minute block time.

The demand impulse is directly measurable in coins. Using prices near recent trading levels, the Aug. 28 net dollar flow equates to around 1,600 BTC purchased by ETF vehicles in a single day, while new issuance remains near 450 BTC.

If that demand repeats over a span of sessions, it draws directly on the tradable float because ETF creations are backed by spot holdings in custody. Aug. 25 through Aug. 28 all printed positive totals, a sequence that coincided with a post Jackson Hole reset in rate expectations after Chair Jerome Powell said policy conditions may warrant easing, as shown in the Federal Reserve’s posted remarks.

Positioning through the fourth quarter centers on two linked variables, flow persistence and price elasticity. A simple translation of daily dollars into coins shows the scale.

At $50 million in average daily net creations, ETFs would absorb roughly 13,600 BTC over 30 trading days, 27,100 BTC over 60, and 40,700 BTC over 90.

At $100 million, the draw becomes about 27,100 BTC, 54,200 BTC, and 81,300 BTC over the same intervals.

At $150 million, the totals reach about 40,700 BTC, 81,300 BTC, and 121,900 BTC. A second lens fixes demand in issuance multiples, where one, two, and three times daily issuance over 60 trading days align to about 27,000 BTC, 54,000 BTC, and 81,000 BTC, respectively.

None of these figures embed a flow-to-price coefficient; they map the potential coin withdrawal relative to the steady 450 BTC of new supply.

Holdings data frame the available float. Trackers show roughly 1.292 million BTC now sit inside U.S. spot ETFs across issuers, led by IBIT, which holds about 747,000 BTC, according to WalletPilot’s ETF dashboard.

As creations accumulate shares, the underlying coins consolidate at custodians, which can amplify spot price sensitivity when order books are thin. The effect toggles with flows, and recent months have seen alternating streaks of creations and redemptions, a pattern visible in the rolling tables on Farside Investors.

Macro policy remains the background variable. Powell’s Aug. 22 Jackson Hole speech outlined a willingness to adjust rates as labor conditions evolve, which markets read as a higher probability of near-term easing.

Lower policy rates can recalibrate relative demand for duration and hedge assets, a channel that has historically supported gold and, by extension, spot-backed bitcoin funds when allocations are flowing.

The limits of this setup are straightforward. Dollar flows are volatile by day, creation mechanics vary by issuer, and price changes modify the BTC per dollar translation. Still, the arithmetic of the past week isolates the core dynamic.

On Aug. 28, U.S. spot funds added $178.9 million, about 1,620 BTC at recent prices, against roughly 450 BTC of new issuance. Aug. 28 was the fourth consecutive inflow day for the group.

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Tanzeel Akhtar

Journalist

Tanzeel Akhtar

About Author

Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,…

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August 27, 2025

Finastra, a financial services software firm, has announced a collaboration with Circle Internet Group, Inc. (NYSE: CRCL), a stablecoin firm, to allow banks to integrate USDC settlement into cross-border payment flows.

In an announcement, the firm explains that this initiative will use Finastra’s payment hub solutions, including Global PAYplus (GPP), marking the first time Finastra will connect financial institutions to Circle’s payment infrastructure.

The companies said the partnership will also allow for faster international transfers by combining Finastra’s banking network’s scalability with USDC’s stability and transparency.

USDC Settlement Option

Through this collaboration, Finastra’s GPP customers—already processing over $5 trillion in cross-border transactions daily—will be able to settle transactions in USDC, even when underlying payment instructions remain denominated in fiat currencies.

This new option reduces reliance on traditional correspondent banking networks, allowing banks to accelerate settlement times without compromising compliance requirements or foreign exchange processes.

Empowering Banks With New Options

“This collaboration is about giving banks the tools they need to innovate in cross-border payments without having to build a standalone payment processing infrastructure,” said Chris Walters, CEO of Finastra.

He explained that by linking Finastra’s payment hub to Circle’s blockchain-based settlement infrastructure, banks can explore payment models while maintaining operational continuity.

Expanding USDC’s Global Role

“Finastra’s reach and expertise in powering the payments infrastructure for leading banks worldwide makes them a natural choice to further expand USDC settlement in cross-border flows,” said Jeremy Allaire, co-founder, chairman, and CEO of Circle.

With stablecoin adoption gaining momentum, the Finastra-Circle partnership represents a major move in reshaping international payments.

Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas

Earlier this month, Circle unveiled Arc, an open Layer-1 blockchain designed specifically for stablecoin finance. This marks what the company calls a “defining moment” as it moves toward developing a full-stack internet financial platform.

The announcement came alongside Circle’s fiscal Q2 2025 results, which showed substantial growth in its core business. Circle reported that USDC in circulation surged 90% year-over-year to $61.3 billion, reaching $65.2 billion as of August 10, 2025. Total revenue and reserve income grew 53% to $658 million, while adjusted EBITDA climbed 52% to $126 million.

The company posted a net loss of $482 million, primarily due to $591 million in non-cash charges tied to its June IPO. That offering raised $1.2 billion, with 19.9 million newly issued shares sold at $31 each, generating $583 million in net proceeds.

CEO Jeremy Allaire described the IPO as a “pivotal moment” for Circle and for the broader adoption of stablecoins, noting accelerating interest from global financial institutions and internet companies.

The controversial AI-focused crypto project Qubic has suggested it may mine Dogecoin (DOGE), the largest memecoin, after completing its current operations on Monero (XMR), the privacy-focused blockchain network.

On Aug. 17, Qubic Network founder Sergey Ivancheglo shared a Discord screenshot showing that the community voted to target Dogecoin for the upcoming mining season.

This decision followed a proposal from Ivancheglo inviting the community to select which ASIC-enabled proof-of-work (PoW) blockchain the network should prioritize next.

The options included Dogecoin, Kaspa, Zcash, and other ASIC-mined coins. Dogecoin emerged as the clear winner, securing around 301 votes, more than all other options combined.

If Qubic begins mining DOGE, it could gain more notoriety than during its Monero operations. Last week, Qubic claimed control of most of Monero’s hashrate, which led Kraken to temporarily suspend XMR deposits amid reports of a 51% network attack.

Dogecoin mining

Dogecoin, launched in 2013 as a joke, has evolved into a major player in the crypto market.

The coin gained widespread attention after Elon Musk highlighted it several times on X (formerly Twitter), helping DOGE grow into a top-10 crypto asset with a market capitalization exceeding $33 billion.

However, mining DOGE would be far from straightforward. Competition in the space has intensified over the years, with major Bitcoin miners such as BIT Mining generating significant revenue from Dogecoin mining.

According to CoinWarz data, Dogecoin’s network hash rate currently stands at 2.93 PH/s, offering miners potential profits of roughly $21 per day per unit of mining power.

Due to this, Ivancheglo emphasized that preparations for mining DOGE will take months, with the Qubic pool continuing to mine Monero during this period.

Dogecoin mining profitability

While precise network-wide figures aren’t published, a back-of-the-envelope estimate suggests Dogecoin miners collectively earned in the ballpark of $0.84–$1.02 billion over the last 12 months.

Using Dogecoin’s issuance math (≈1,440 blocks/day × 10,000 DOGE) and an average price assumption of ~$0.16 implies roughly $2.304 million/day (≈$841 million/year).

Cross-checking with a revenue-per-hash snapshot of ~$1.08 per GH/s against an aggregate network hashrate near ~2.6 PH/s (≈2,600,000 GH/s) yields about $2.808 million/day (≈$1.025 billion/year).

These are gross figures (fees are small, electricity and opex excluded) and will vary with DOGE price and hashrate swings, but they frame the scale of potential revenue Qubic is eyeing.

Qubic’s goal

Ivancheglo explained that his AI project targets these PoW blockchains to redirect energy-intensive proof-of-work computations toward artificial intelligence applications.

According to him:

“A lot of electricity is burned for useless PoW, we need that electricity for AI. These words may be hard to get and I cannot reveal more now, in the future they will eventually click.”

Notably, Qubic has developed a “useful proof-of-work” system that turns crypto mining energy into productive computation. Instead of solving meaningless puzzles like traditional PoW, the network spreads tasks across miners to advance artificial intelligence research.

According to the project, this method directs energy toward real-world outcomes and helps train AI models, which supports its long-term goal of creating Artificial General Intelligence (AGI).

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BAY Miner has officially launched its next-generation cloud mining platform, allowing users worldwide to easily earn daily Bitcoin (BTC) and XRP (XRP) profits anytime, anywhere.

This platform requires no mining equipment, hardware investment, or technical expertise. Simply register an account and select the appropriate hash rate contract to instantly start cloud mining via your smartphone. Profits are automatically settled and credited to your account in real time, with flexible withdrawal and reinvestment support in multiple currencies, enabling “mining at your fingertips, daily profits.”

This upgrade utilizes AI-powered intelligent scheduling and a green energy data center to maximize energy efficiency and reduce carbon emissions, providing users with a secure, transparent, and efficient digital asset value-added solution. Whether you’re a digital currency novice or a seasoned investor, BAY Miner is committed to ensuring everyone enjoys stable cloud mining returns, pocketing passive income, and ushering in a new era of the digital economy.

How BAY Miner Provides the Stability and Security of Daily Returns

BAY Miner takes several measures to ensure that users’ daily returns are stable and secure:

1. Stable Returns

• USD Settlement with a Locked Exchange Rate

Mining contracts are denominated in US dollars, with a fixed settlement rate, reducing uncertainty caused by price fluctuations. Even with volatile crypto markets, returns remain unaffected, ensuring investors receive stable returns.

• AI Intelligent Computing Power Scheduling

The platform uses AI algorithms to automatically adjust mining machine resource allocation based on real-time global computing power distribution, difficulty dynamics, and network status, maximizing revenue efficiency and minimizing volatility.

• Flexible Multi-Currency Switching and Contract Adjustment

Users can adjust their mining currency (BTC, XRP, ETH, etc.) and computing power contracts based on market conditions, mitigating the risk of single-currency returns and improving overall revenue stability.

• Distributed Green Energy Data Centers

Utilizing distributed data centers across Europe, America, and Asia, and powered by 100% renewable energy, we ensure a stable computing power supply without single points of failure, ensuring continuous and efficient mining (i.e., stable system operation and uninterrupted returns).

2. Compliance Assurance

• EU and International Regulations

Operating in accordance with the EU’s Markets in Crypto-Assets (MiCA) Regulation and the principles of the International Organization of Securities Commissions (IOSCO), the platform adheres to regulatory and transparency requirements, ensuring user rights are protected by internationally recognized regulations.

• Top-tier Security Technology

Utilizing cutting-edge encryption and security technologies such as McAfee and Cloudflare, the platform provides real-time security monitoring and protection for data, accounts, and assets to prevent hacking, data leaks, and theft.

• Zero Fees, Transparent Operations

The entire process is free of service and handling fees, and all profits are credited to your account. Operational data and profit settlements are fully transparent and accessible to users for real-time verification.

• Daily Automatic Settlement and Multiple Withdrawal Verification

All profits are automatically settled and deposited daily. The withdrawal process incorporates multiple authentication methods and secure operations to ensure the safety and security of funds.

These measures ensure that the BAY Miner platform offers both stable returns and asset security in the cloud mining industry, making it suitable for long-term participation by all types of investors.

How Users Operate the Platform to Achieve Automated Asset Management

The BAY Miner platform offers a highly streamlined and intelligent workflow for users who want to automate asset management. The steps are as follows:

1. Register an account

Sign up in seconds using your email address—no ID verification required.

2. Select your mining plan

Choose from a variety of contracts based on your budget and goals. BAY Miner offers flexible mining plans to suit different investment levels. You can find available options here.

3. Activate with cryptocurrency

Fund your wallet with BTC, ETH, XRP, or USDT.

4. Start mining immediately

Start mining instantly, with no installation or maintenance required.

The Difference Between BAY Miner and Traditional Mining

BAY Miner eliminates the reliance on specialized equipment and technology for crypto mining. There’s no longer a need to deal with hardware maintenance, energy consumption calculations, or heat dissipation, allowing more users, including those in areas lacking mining facilities, to easily participate.

The Impact of Stablecoin Legalization On the Crypto Market

In recent years, major markets such as the United States, the European Union, and Hong Kong have intensively introduced stablecoin regulatory frameworks to promote legalization and compliant operations. In 2025, the US GENIUS Act and STABLE Act, as well as Europe’s MiCA regulations, became a global focus, laying the foundation for compliant and secure crypto investments.

BAY Miner embraces this trend, providing low-barrier, transparent cloud mining services to help global users participate in the digital asset market in a compliant environment.

Finally: Your Cryptocurrency Future Starts Now

If you’ve been waiting for a mining opportunity, now’s it. BAY Miner removes all obstacles and turns your phone into a cryptocurrency machine.

Whether you’re holding BTC, hoarding XRP, or investing in Ethereum, BAY Miner can help.

Start mining anytime with your smartphone, earn daily rewards, and enjoy additional benefits for signing up and referring others.

Download the app here.

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ALL4 Mining has launched an innovative mobile application that provides a new way for cryptocurrency holders to increase their value. Through this application, users can convert their digital assets such as XRP, BTC and DOGE into daily passive income, thereby obtaining a more stable cash flow in the cryptocurrency market. In this rapidly developing digital age, how to effectively use the crypto assets in hand has become the focus of investors, and ALL4 Mining’s mobile application undoubtedly provides an answer worth trying.

Key Highlights of the Mobile App Launch

Seamless Mobile Mining: The new mobile app provides a user-friendly interface to easily monitor mining contracts, track daily earnings, and manage investments.

Enhanced Security: Built with top-tier security measures from McAfee® and Cloudflare®, the app ensures your digital assets are protected wherever you are.

Instant Rewards: New users who sign up through the app receive an instant $15 sign-up bonus and can earn $0.6 per day just for logging in.

Diverse Contract Options: From one-day contracts starting at $15 to long-term investments, users can choose from a variety of mining plans to suit different budgets and goals.

24/7 Reliability: With 100% uptime and 24/7 technical support, the mobile app guarantees you uninterrupted access to mining operations.

“The cryptocurrency market is expected to grow rapidly – ​​experts predict that by 2026, Bitcoin will reach $150,000, Litecoin will reach $500, Dogecoin will break the $1 mark, and XRP will soar to $10 – so the launch of our mobile app is timely,” said an ALL4 Mining spokesperson. “We are committed to making cloud mining convenient and secure, and our mobile solution will be a game-changer for users who seek flexibility and efficiency.”

Simple Steps to Start Cloud Mining with ALL4 Mining

Step 1: Choose ALL4 Mining as your provider: ALL4 Mining’s mining method is simple and straightforward, and users only need a minimum deposit to start mining. The platform ensures that everyone can participate by providing daily returns from mining contracts and flexible withdrawal methods.

Step 2: Register an account: Visit the ALL4 Mining official website all4mining.com, create an account using your email address, log in to access the dashboard and start mining immediately.

Step 3: Purchase a mining contract: ALL4 Mining offers a variety of contract options to suit different budgets and goals. Users can choose from the following options:

Click to view more contract benefits

After purchasing the contract, the profit will be automatically credited to your account the next day. When the account balance reaches $100, you can choose to withdraw to your digital currency wallet, or continue to purchase contracts to get more profits.

About ALL4 Mining

ALL4 Mining is a fast-growing digital asset mining service provider and a global leader in cloud mining services. The company was founded in 2019 and is headquartered in London, UK. After years of development, the company currently has more than 200 mining farms around the world, members in more than 200 countries and regions, and enjoys the trust of more than 9 million users worldwide. We believe that everyone should benefit from cloud mining and become a leader in the cloud mining industry.

ALL4 Mining is committed to building a safe, compliant, transparent, clean, green, low-carbon, and environmentally friendly infrastructure power grid, providing a variety of stable and intelligent data processing service solutions for global customers. With a growing global mining network, ALL4 Mining provides institutional clients and digital asset enthusiasts with a more efficient mining experience.

Join the cloud mining revolution by visiting the official website https://all4mining.com/ or downloading the ALL4 Mining mobile app today. With this new mobile app, managing your cryptocurrency investments will become easier and safer than ever before.

Contact:

Email: [email protected]