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Ethereum exchange reserves fell to about 14.88 million ETH, down more than 6.4 million ETH from July 2025 levels.
Liquid received 3,400 BTC back into its federation wallet after the reserve drain, although bridge access remained disrupted.
Visa’s stablecoin settlement volume surpassed a USD 20 billion annualized run rate.
The crypto market saw major developments as Ethereum exchange reserves declined to a multi-year low, while Liquid received 3,400 BTC. Also, Visa stablecoin transactions reached USD 20 billion, and Fractal BTC Cuts Block Reward to 6.25 FB.
As Ethereum (ETH) price continued to strengthen against Bitcoin (BTC) over the past two months through September 8, 2026, the altcoin’s supply on all cryptocurrency exchanges has fallen to a fresh multi-year low.
As of Tuesday, the supply of Ethereum on all crypto exchanges was at 14,882,226.7 ETH, according to CryptoQuant.
The supply of Ethereum on all exchanges has been on a gradual decline since July 1, 2025, when it was at around 21,301,177.2 ETH. Around 6,418,950.5 ETH have been withdrawn from all crypto exchanges over the past 14 months.
The exchanges’ reserves for Ethereum have dropped to a fresh multi-year low as the altcoin’s supply on Binance slipped to approximately 3.74 million ETH, marking its lowest level in three months.
Bitcoin's Liquid sidechain received 3,400 BTC back in its federation wallet on September 7 after a reserve drain.
The partial recovery restores assets behind L-BTC, its Bitcoin-linked token, while withdrawal access remains unconfirmed and public bridge nodes are still listed as experiencing a major outage.
The transaction was confirmed in Bitcoin block 965950. On September 8, Blockstream’s status page still listed an active Liquid security incident and a major outage affecting public bridge nodes.
Before the repayment, the self-described white-hat hackers wrote in an on-chain message that they were ‘sending most back’ to Liquid’s federation address, asking, ‘Is that ok?’
Also Read: Can Bitcoin be Hacked by Quantum Computers? Understanding the Quantum Threat to BTC
Visa’s stablecoin settlement volume has surpassed a USD 20 billion annualized run rate, up more than 15 times year over year, as stablecoin-linked card programs expand across its network.
More than 160 stablecoin-linked card programs were live globally in Visa’s fiscal second quarter, while payment volume on those programs increased nearly 200% from a year earlier, Visa said on Tuesday.
The growth is creating a working-capital requirement for card issuers, which must fund daily settlement obligations before collecting payments from cardholders, Visa said, adding that some early-stage programs need only a few million dollars and settle every day, making traditional warehouse facilities less economical.
This Monday, the Ethereum Foundation protocol team published its first unified technical priority list for the Ethereum Hegota upgrade, classifying a total of 62 Ethereum Improvement Proposals (EIPs). Around 60 researchers and engineers divided across 9 teams took part in the evaluation.
From this process, proposal EIP-7805, known as FOCIL (Fork-Choice Inclusion Lists), emerged as the only one to achieve a unanimous ‘S’ rating, the highest tier of commitment for mandatory deployment.
This consensus marks a milestone in the network’s technical governance, as FOCIL will allow users to guarantee the inclusion of valid transactions without relying on centralized block builders, mitigating critical censorship risks at the consensus layer.
Additionally, Hegota’s technical selection lays the architectural groundwork for the foundation’s long-term goals, prominently featuring native private transaction integration and preparation for quantum resistance by late 2029.
Fractal Bitcoin said in a September 8 post on X that the halving had been completed successfully, with network nodes and indexing services operating normally during the first 10 minutes after activation.
The milestone activated FIP-102, a consensus upgrade that changes how future FB emissions are distributed while preparing the token for distribution on Bitcoin.
The proposal does not raise FB’s total supply or create a separate supply for tokens distributed through Bitcoin.
Under FIP-102, Fractal’s first scheduled halving reduced the block reward from 25 FB to 12.5 FB. The proposal simultaneously brought forward the network’s second halving, cutting the reward available on Fractal again to 6.25 FB.
Also Read: Why Ethereum is Becoming a Corporate Treasury Asset in 2026
1. How much Ethereum is currently held on exchanges?
CryptoQuant data cited in the article places Ethereum exchange reserves at about 14.88 million ETH. That is down from roughly 21.30 million ETH in July 2025.
2. How much Bitcoin did Liquid recover?
Liquid received 3,400 BTC back into its federation wallet on September 7. The recovery restored part of the reserves supporting L-BTC, although bridge services were still experiencing disruption.
3. How large is Visa’s stablecoin settlement business?
Visa said stablecoin settlement volume has surpassed a USD 20 billion annualized run rate. More than 160 stablecoin-linked card programs were also live globally in its fiscal second quarter.
4. What is FOCIL in Ethereum’s Hegota upgrade?
FOCIL, or EIP-7805, is designed to improve transaction inclusion and reduce reliance on centralized block builders. It received the only unanimous top-tier rating in the Hegota technical review.
5. What happened to Fractal Bitcoin’s block reward?
Fractal Bitcoin’s FIP-102 upgrade reduced the reward from 25 FB to 12.5 FB and brought forward another reduction to 6.25 FB. The proposal does not increase the token’s total supply.
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