The Bitcoin hashrate crossed an important milestone this week, hitting 1 zetahash per second. That’s 1,000,000,000,000,000,000,000 hashes computed every single second. To put it simply: Bitcoin is more secure and powerful than ever.

As macro investor and long-time Bitcoin advocate, Dan Tapiero questioned:

“How do people still not get it?”

Bitcoin hashrate at an all-time high

The Bitcoin hashrate is at an all-time high. A zetahash is a trillion exahashes, or one sextillion hashes, and this figure represents the total computational muscle powering Bitcoin’s Proof-of-Work consensus system.

Miners deploy purpose-built computers to compete for new blocks, rapidly running cryptographic “nonce” guesses until one solution fits.

Hashrate is the lifeblood of Bitcoin security, and this brute-force lottery drives network trust: the higher the hashrate, the harder it is for any attacker to rewrite Bitcoin’s ledger.

The recent settling above 1 ZH/s means that every second, miners perform more calculations than grains of sand on earth, or more than the stars in our galaxy; a mind-boggling testament to decentralized security.

Miners compete to find a valid hash for the next block. Each hash is an attempt to meet network difficulty requirements, and success wins a Bitcoin reward.

At over 1 ZH/s, the difficulty rises in tandem, mandating ever-greater efficiency and innovation in mining hardware.

A higher Bitcoin hashrate means stronger protection from double-spending and 51% attacks, and as more energy and hardware secure the chain, Bitcoin becomes increasingly tamper-proof and globally trusted.

Dan Tapiero: macro investor and Bitcoin advocate

Dan Tapiero is the founder and CEO of 10T Holdings, a multi-billion-dollar asset manager focused on digital assets and web3.

He’s widely respected as a macro thinker, champion of gold, and early Bitcoin adopter, and he called the zetahash milestone one of the “Top 10 historic developments of the past 50 years,” saying that the Bitcoin network was the “most secure network in the world.”

He’s not wrong. This new era is more than a technical feat; it’s a profound testament to institutional adoption, sound money, and the resilience of a decentralized network.

What’s more, a growing hashrate often precedes major price rallies as miners, sovereigns, and corporations invest billions in new infrastructure. An all-time high Bitcoin hashrate, coupled with a near-certain rate cut on the horizon, could create the perfect storm for BTC price.

The zetahash level proves that Bitcoin’s network is, by far, the most secure computer network ever built, outpacing any centralized alternative in raw calculations and energy dedicated to truth.

For anyone still doubting Bitcoin’s staying power, the arrival of the “zetahash era” is a wake-up call. The network’s security, transparency, and resistance to censorship or manipulation are no less than historic.

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Gemini made a strong entrance on Wall Street on Sept. 12, with its stock price surging over 50% within the intial hours of their first day of trading on the Nasdaq.

The stock, listed under the symbol GEMI, opened at $28 per share and quickly advanced in the opening hours.

Prices briefly touched $40 before settling near $33 by midafternoon, leaving Gemini with a market capitalization of roughly $1.3 billion, according to Yahoo Finance.

The closing price represented a gain of about 24% from its offering level.

Strong debut

Gemini raised approximately $425 million by selling 15.2 million shares. The final offer price exceeded both its original range of $17 to $19 per share and a later revision that set expectations between $24 and $26.

Following a few weeks of rumors, the exchange filed its registration statement with the Securities and Exchange Commission on Sept. 2 and reached the public market just 10 days later, reflecting investor demand for digital asset exposure.

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While not among the largest exchanges by trading activity, Gemini has built a reputation in the U.S. for emphasizing compliance and security. Trading on its platform accelerated in the days before the IPO.

Wave of crypto listings

The debut adds to a string of successful crypto-linked listings in 2025. Stablecoin operator Circle launched on the New York Stock Exchange earlier this year, with shares climbing from a $31 debut price to above $60, valuing the firm at more than $33 billion.

Blockchain financial firm Figure Technology Solutions also completed its IPO this week, notching a 24% first-day jump followed by additional gains.

Taken together, the listings highlight a resurgence of Wall Street interest in digital-asset equities, with investors seeking exposure to crypto companies after years of market volatility.

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At about $4,363, Ethereum (ETH) is once again trading in a critical area. There are indications that Ethereum might be preparing for another leg higher, possibly toward the $5,000 mark in September, even though price action has cooled off from the July rally’s explosive surge.

These three factors could lead the second-biggest cryptocurrency to make that move:

1. Solid technical base: At $4,164, ETH has successfully defended the 50-day EMA, making it a dynamic support level. Notwithstanding the general market uncertainty, consolidation above $4,000 indicates that buyers are defending the base. The path toward retesting the $4,600-$4,800 resistance becomes very likely if ETH maintains this level. From there, a clean breakout would put $5,000 right in front of you.

   

2. Market domination outside of Bitcoin: The distance between Ethereum and Bitcoin has been growing over the past few weeks. Despite that, Ethereum was holding onto its gains, while Bitcoin has found it difficult to recover lost ground. 
3. Favorable setup for the macro and on-chain: With increasing network activity and adoption, ETH continues to have a positive long-term structure. Ethereum may rise since its RSI of 52 indicates that it is neither overbought nor oversold. Support levels for ETH are stacked at $4,164; $3,865 and $3,213, providing a number of buffers against downside risk. A push toward $5,000 might be encouraged by this stability if market sentiment improves.

But there are still difficulties. With investment flows dropping in recent weeks, institutional interest in Ethereum appears to be waning. It appears that both institutional and retail players are reluctant to make large commitments, as evidenced by the steady decline in trading volumes. Ethereum’s rally might stall before reaching the milestone if this pattern persists.

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The technical structure supports a run toward $5,000, and Ethereum appears to be very close to a breakout. But ETH’s ascent might be more difficult than bulls anticipate if institutional flows do not pick up again, and the volume declines.

Cloudflare is the latest company impacted in a recent string of Salesloft Drift breaches, part of a supply-chain attack disclosed last week.

The internet giant revealed on Tuesday that the attackers gained access to a Salesforce instance it uses for internal customer case management and customer support, which contained 104 Cloudflare API tokens.

Cloudflare was notified of the breach on August 23, and it alerted impacted customers of the incident on September 2. Before informing customers of the attack, it also rotated all 104 Cloudflare platform-issued tokens exfiltrated during the breach, even though it has yet to discover any suspicious activity linked to these tokens.

“Most of this information is customer contact information and basic support case data, but some customer support interactions may reveal information about a customer’s configuration and could contain sensitive information like access tokens,” Cloudflare said.

“Given that Salesforce support case data contains the contents of support tickets with Cloudflare, any information that a customer may have shared with Cloudflare in our support system—including logs, tokens or passwords—should be considered compromised, and we strongly urge you to rotate any credentials that you may have shared with us through this channel.”

The company’s investigation found that the threat actors stole only the text contained within the Salesforce case objects (including customer support tickets and their associated data, but no attachments) between August 12 and August 17, after an initial reconnaissance stage on August 9.

These exfiltrated case objects contained only text-based data, including:

• The subject line of the Salesforce case
• The body of the case (which may include keys, secrets, etc., if provided by the customer to Cloudflare)
• Customer contact information (for example, company name, requester’s email address and phone number, company domain name, and company country)

“We believe this incident was not an isolated event but that the threat actor intended to harvest credentials and customer information for future attacks,” Cloudflare added.

“Given that hundreds of organizations were affected through this Drift compromise, we suspect the threat actor will use this information to launch targeted attacks against customers across the affected organizations.”

Wave of Salesforce data breaches

Since the start of the year, the ShinyHunters extortion group has been targeting Salesforce customers in data theft attacks, using voice phishing (vishing) to trick employees into linking malicious OAuth apps with their company’s Salesforce instances. This tactic enabled the attackers to steal databases, which were later used to extort victims.

Since Google first wrote about these attacks in June, numerous data breaches have been linked to ShinyHunters’ social engineering tactics, including those targeting Google itself, Cisco, Qantas, Allianz Life, Farmers Insurance, Workday, Adidas, as well as LVMH subsidiaries Louis Vuitton, Dior, and Tiffany & Co.

While some security researchers have told BleepingComputer that the Salesloft supply chain attacks involve the same threat actors, Google has found no conclusive evidence linking them.

Palo Alto Networks also confirmed over the weekend that the threat actors behind the Salesloft Drift breaches stole some support data submitted by customers, including contact info and text comments.

The Palo Alto Networks incident was also limited to its Salesforce CRM and, as the company told BleepingComputer, it did not affect any of its products, systems, or services.

The cybersecurity company observed the attackers searching for secrets, including AWS access keys (AKIA), VPN and SSO login strings, Snowflake tokens, as well as generic keywords such as “secret,” “password,” or “key,” which could be used to breach more cloud platforms to steal data in other extortion attacks.

XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours.

It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend.

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XRP Wave 4 Correction In Progress

According to crypto analyst DustyBC Crypto, XRP’s recent moves are part of a broader corrective structure. In his latest update shared on the social media platform X, he explained that the XRP/USD pair has yet to reach its first bearish target, which he identifies as part of a larger wave 4 correction. 

The analysis is based on the Elliott Wave structure, which is characterized by three bullish and two corrective impulse waves. Notably, the analyst’s Elliott Wave count shows that XRP has been playing out a corrective Wave 4 move since it peaked at a new all-time high price of $3.65 on July 18, a move that ended the Wave 3 impulse.

Based on the Elliott Wave theory, Wave 4 is a brief correction move after Wave 3 just before another bullish Wave 5. Interestingly, the XRP price has declined by about 22.5% since it reached this all-time high. 

DustyBC’s analysis has been following this downtrend move in a series of technical analyses that goes as far back as mid-August. According to DustyBC, XRP’s price is expected to continue dropping before eventually setting up for a bullish wave 5 recovery. The chart shared by the analyst indicates that XRP could continue to decline until it reaches the $2.65 to $2.60 price range before Wave 4 eventually bottoms out.

Long-Term Perspective Is Positive

Despite the bearish short-term forecast, DustyBC noted that the overall outlook for XRP is bullish. He admonished traders not to rush into positions if they are not comfortable with short trades, and long-term holders should instead view the current weakness as discount territory to accumulate more XRP. 

XRP has struggled to maintain upward momentum in the past few days, and this lends voice to the notion of a corrective Wave 4 movement. As shown in the 4-hour chart above, XRP was rejected at the $3 price level some days ago, and this has led to a further decline in the past 48 hours. 

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Nonetheless, the long-term outlook is bullish, and a Wave 5 bounce could lead to a push to new all-time highs above $3.65. The decisive test now lies in whether XRP can hold support around $2.6 if it reaches there before positioning itself for the next wave higher.

At the time of writing, XRP is trading at $2.80, down by 1.4% in the past 24 hours.

Featured image from Unsplash, chart from TradingView

Shiba Inu Layer-2 network Shibarium has witnessed a 99.8% drop as daily transactions hit rare lows.

According to Shibariumscan data, daily transactions for Shibarium are at 9,590, a far cry from a figure of 4.8 million seen on Aug. 20, marking a 99.8% drop.

The drop corresponds with lackluster trading action in the crypto market seen in late August, with market players staying on the sidelines.

Despite the drop in daily transaction volume, Shibarium statistics stay steady. Shibarium marked its second anniversary, having launched in August 2023, with total transactions surpassing 1.5 billion and addresses surpassing 270 million; total blocks have surpassed 12 million.

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Total transaction count on Shibarium currently stands at 1,566,119,160. Total blocks now stand at 12,811,111, and total addresses are now at 271,936,819, according to Shibariumscan data at press time.

Shiba Inu news

This week, asset manager Valour announced an expansion of its Nordic product suite with the launch of eight new SEK-denominated ETPs, including Shiba Inu on Sweden’s Spotlight Stock Market.

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Recently, the Shiba Inu team has intensified warnings to the SHIB community as coordinated bad actors and networks of fake accounts continue to actively target vulnerable investors. SHIB holders are warned not to FOMO (fear of missing out) into random links. They should also never connect their wallets without verifying the source.

In a separate warning, the Shiba Inu team reiterated that there is no official LEASH token on Solana, nor is there any migration to Solana. They also stated that any version of token not found on the SHIB website is fake and not part of Shiba Inu ecosystem.

In this light, Shiba Inu community members are urged not to engage with such fake tokens, nor should they do so with unofficial accounts.

Bitwise Chief Investment Officer Matt Hougan said Solana could soon set new all-time highs, mirroring Bitcoin and Ethereum’s record runs earlier this year.

Hougan argued that SOL is set to benefit from the same forces that propelled BTC and ETH to new highs this cycle, namely exchange-traded fund (ETF) inflows, large capital firms entering the market, and simple, compelling narratives that resonate with investors.

He wrote in a social media post:

“The formula is simple: ETF fund flows + fund companies + a simple story = all-time highs. It applies to Bitcoin, it applies to Ethereum, it applies to Solana.”

Path to institutional adoption

Solana, a blockchain known for its high-speed processing and low transaction costs, has seen increasing developer activity across payments, gaming, and consumer-facing applications.

The network’s efficiency has helped position it as a potential alternative to Ethereum for decentralized applications, fueling speculation about the eventual approval of a spot Solana ETF in the US.

So far, Bitcoin and Ethereum ETFs have funneled billions of dollars into the market, with Bitcoin funds alone surpassing gold ETFs in daily volumes this summer.

Given its growing market capitalization and expanding ecosystem, many view Solana as the next logical step for institutional product offerings.

Hougan’s comments add weight to that view, suggesting that once fund vehicles are established, Solana could follow the same trajectory as its larger peers.

Outlook evolving

Bitwise has taken a long-term bullish stance on Solana, projecting in a detailed January report that the token could reach between $2,300 and $6,600 by 2030, depending on adoption scenarios. The firm based its estimates on Metcalfe’s Law, linking network growth to valuation.

To support investor access, Bitwise also launched a Solana Staking ETP in Europe, offering exposure to SOL with integrated staking rewards and signaling confidence in the blockchain’s scalability and growing ecosystem. It is also looking to launch a spot Solana ETF in the US, but the SEC has so far delayed its decision on the applications.

While the firm remains optimistic about Solana’s long-term role alongside Bitcoin and Ethereum, it has been more cautious on near-term price outlooks until now. Bitwise previously said it was unsure if SOL would reach new highs this year and called Bitcoin the “best horse in the race.”

This mix of ambitious long-range forecasts and tempered short-term expectations reflects Bitwise’s view of Solana as a high-potential but still maturing asset.

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