Category: News

HSBC and Standard Chartered just completed the first live tokenized deposit transaction on SWIFT’s blockchain ledger. This milestone hit on August 19 only six weeks after the network welcomed its starting group of 17 banks 🖤.
Payment messages flowed between HSBC’s Tokenized Deposit Service and Standard Chartered’s tokenized setup with all obligations captured on both systems. SWIFT’s ledger acted as the orchestration layer matching and netting everything before final settlement on regular rails 🌙.
“HSBC’s interoperability transaction with Standard Chartered via SWIFT is a landmark moment for the promise of tokenised deposits” said Lewis Sun Head of Digital Currencies at HSBC. Mark Willis Head of Emerging Payments Transaction Services and Digital Assets at Standard Chartered added that tokenized deposits form a key pillar of their digital assets strategy aimed at full end to end solutions 💀.

Hyperledger Besu Powers SWIFT Ledger 🔮

SWIFT built the ledger MVP on open source tools with an Ethereum Virtual Machine setup using Hyperledger Besu to blend right into the wider digital asset scene 🦇. The network runs its own orchestration for workflows validation and interbank coordination while Consensys shaped the early prototype back in September 2025.
Seventeen banks across six continents are now gearing up for live tests including ANZ BNP Paribas BNY Citi DBS MUFG UBS and Wells Fargo. HSBC has already placed bank money on ledgers before like their S$400 million digital bond deal that sped primary settlement from five days down to two 🌹.
“With our new ledger capability we’re extending the trust and stability of established finance into the frontiers of digital money” said Thierry Chilosi Chief Business Officer at Swift 🕸️.

Competing Network Eyes 2027 Launch 🕯️

US banks are building their rival rail as The Clearing House develops a tokenized deposit network called The Bridge with JPMorgan Chase Bank of America Citigroup and Wells Fargo targeting launch in the first half of 2027 and opening to all American banks. Bank of America’s Mark Monaco noted clients are not beating down the door for tokenized deposits yet.
SWIFT already shifts the equivalent of world GDP every two to three days across more than 200 markets while 75 percent of its payments land with beneficiaries inside 10 minutes 🌑.

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Ethereum exchange balances keep dropping while Bitcoin took the opposite route over those same three weeks 🖤
ETH supply on trading platforms slid from 7.70 million on June 2 down to roughly 6.54 million by August 18, shifting about 1.15 million coins off those platforms or nearly 15% across eleven weeks.

ETH Moving Out 🦇

Santiment’s latest data shows Bitcoin heading the opposite direction as exchange balances climbed 1.8% from July 28 to August 18. Nearly 23,000 BTC slipped back onto platforms while ETH balances dipped 2.2% during the same stretch.
View tweet on X

Staking stays pinned near record highs and corporate treasuries keep stacking the altcoin. BitMine Immersion Technologies now holds close to 5% of supply, most of it already staked, with holdings climbing to 5,815,164 tokens. Meanwhile Ethereum jumped nearly 20% in a single day, breaking above $2,300 for the first time since May ✨

This surge rides a blend of firmer US crypto policy vibes and aggressive buying pressure. President Donald Trump chatted with executives from Coinbase, Ripple, Gemini and other key players at the White House on Wednesday, focusing on the Digital Asset Market Clarity Act, Bitcoin and broader crypto growth inside the US 🌙

Trump pushed Congress for a “fair version” of CLARITY, claiming the bill could keep the US ahead of China while noting talks around purchasing sizable amounts of Bitcoin and other crypto assets 💀

Fresh Institutional Buying 🌑

US spot Ethereum exchange-traded funds pulled in 189.15 million on August 19, the biggest single-day inflow since October 28 2025. That fresh capital already pushed August’s total past 534 million 👻

BlackRock’s ETHA captured 122 million of Tuesday’s inflows while Fidelity’s fund added 36.5 million more. Grayscale Mini ETH drew 16.04 million, BlackRock’s staking vehicle took in 9.71 million, Morgan Stanley’s MSSE recorded 2.25 million and Franklin Templeton’s EZET saw 790,000 flow through 🎀

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X is diving deep into stablecoin vibes for paying out creators while ditching its old Revenue Sharing setup for something fresh and mysterious.

X Whispers About Stablecoins In Creator Royalties 🔮

CoinDesk reported on August 20 that X is chatting about Circle’s USDC for dishing out royalties to top creators. The talks are still brewing according to someone in the know who also deals with other platforms exploring stablecoins for influencer cash 🔮🖤.

This news hits as X shifts how creators get paid with the Original Content Rewards Program taking over. X announced early this month it is ending new signups for the old program.

X is ending new enrollment for its Revenue Sharing program and introducing the Original Content Rewards Program.

— X Creators (@XCreators) August 2026

Under the new rewards game eligible creators pull earnings from impressions on their original posts from Premium users on the Home Timeline where at least half the post shows up 🌙. You need 500 verified followers and 500,000 impressions from verified users in the last 90 days plus a Premium subscription and good standing 💀.

Current Revenue Sharing folks can keep earning until September 7 then switch over from September 8 with payouts starting September 25 ✨.

X Money Weaves Stablecoin Magic Into Its Realm 🕸️

Stablecoins now hold a combined market value over $300 billion and help businesses move funds across borders quicker and cheaper than old banking paths 🦇. X’s interest in these for creator pay ties into Elon Musk’s bigger vision for the platform. In March he confirmed X Money would roll out early public access soon as part of his everything app dream.

The product opened to limited US Premium+ users in June then widened to more paid subscribers by late July. It runs as a dollar wallet for balances instant transfers direct deposits and a Visa debit card with up to 6% yield 🌹. Crypto and stablecoins are not in yet despite rumors before launch. SpaceX has used stablecoins for Starlink payments in some markets so this feels like a natural dark twist for X.

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Ethereum jumped roughly 20% in the past 24 hours a move large enough to rank as the 8th-biggest single day for the token since January 2018. Historical data compiled by analyst Jamie Coutts suggests such moves have been unreliable over 30 days but have produced better results over three to six months.

Sizing Up This Epic ETH Leap 🕸️

Coutts published a table of every ETH day that gained 15% or more since 2018 sixteen of them completed and now trackable against what came after. Ethereum’s August 19 print landed at plus 18.5% just behind an 18.8% day in November 2022 and ahead of a 17.5% day in December 2018. The biggest on record is still May 2021’s 24.5% single-day gain which was followed by a rough month down 25.3% in 30 days before turning positive by 180 days up 68%. That pattern repeats across the dataset. Of the sixteen completed cases only 8 were higher 30 days later but 10 were higher after 90 days and 12 were higher after 180 days. Average returns climbed the same way plus 20.6% at 90 days plus 59.3% at 180 days. Coutts summed it up on X saying the numbers show odds that skew meaningfully higher over the next 3 to 6 months 🖤. At the time of writing ETH was trading near $2,280 after going past $2,300 during the last 24-hour period. CoinGecko data shows a nearly 18% daily gain an almost 19% rise over seven days and a just about 17% increase over 30 days. Its 24-hour trading volume has climbed to about $32 billion up 439% from the previous day. That move also puts ETH well ahead of Bitcoin over the same period. BTC gained about 9% in 24 hours and slightly more than that in seven days with Ethereum’s stronger performance lifting the ETH/BTC ratio by about 9% over the latest 24-hour period. Meanwhile the buying pressure was unusually large as noted by CryptoQuant contributor MorenoDV_ who reported that ETH taker-buy volume reached $2.55 billion in one hour on August 19 the third-highest reading since February 7. However the figure does not distinguish between new long positions and short positions being closed.

ETH Bounces Back Amid Policy Vibes 🦇

Sykodelic wrote on August 20 that ETH had moved back above its 200-day simple moving average before Bitcoin. The trader had also earlier identified the $2,400 area as the next major range level. The wider rally came after the August 19 White House crypto meeting where President Donald Trump pushed Congress to advance the CLARITY Act leading to Bitcoin spiking toward $70,000. The SEC’s August 18 crypto fundraising proposal added another policy catalyst. It includes exemptions for offerings of up to $5 million over four years or $75 million over 12 months alongside a conditional safe harbor for certain tokens 🌙.

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