Insights into the biggest events shaping the crypto industry.
Weekly spot volume for tokenized stocks approached $3 billion in early August. Grayscale identified Robinhood Chain, BNB Chain, and Solana as leading networks, though onchain finance usage remains limited to 5% of the market.
A developer created a toy Bitcoin-like blockchain where the ledger is stored in a GitHub README and mining uses subset-sum puzzles instead of hashing. The project replicates Bitcoin mechanics like UTXOs and halving within a GitHub repository environment.
The Kobeissi Letter reports that the 90-day correlation between Bitcoin and gold has risen to 0.50, nearing 2020 pandemic highs. This increase follows the US Treasury's decision to double long-term bond repurchases, suggesting investors are using both assets to hedge against currency devaluation.
ZEC price surpassed $1,200 to reach a new historical high, triggering over $44 million in liquidations within 24 hours. Short position liquidations accounted for $41.84 million, making ZEC the top asset for liquidations across the network.
TRON's total account count has surpassed 402 million, with 4.4 million daily active addresses and $92.3 billion in USDT holdings. Despite this network growth and reduced smart contract deployment costs, TRX price remains constrained below $0.34.
Solana processed 5 billion transactions in August, surpassing the combined total of all other blockchain networks. The network plans to launch the Alpenglow upgrade in October to reduce confirmation times to 400 milliseconds.
Ripple CEO Brad Garlinghouse calls for clear US crypto regulations and highlights the company's 75 global licenses. He supports the CLARITY Act to foster sector-wide growth beyond XRP's legal status.
UBS, Bank of Montreal, and Jane Street have disclosed investments in U.S. exchange-traded funds tracking Hyperliquid's HYPE token. Wealth High Governance holds the largest position at nearly $24 million, with the five top holders representing significant institutional exposure. The three regulated funds have attracted over $356 million in net inflows, offering institutional access to HYPE without direct token ownership.
Bitwise reports that the 90-day correlation between Bitcoin and gold has reached its highest level in nearly six years. Bitcoin surged 22.4% in a week while gold rose 5%, contrasting with falling stock markets. The analysis suggests a weakening US dollar benefits both assets.
Polymarket data shows the probability of Ethereum reaching $2,600 in late September has risen to 74%, up 10% in 24 hours. The chance of hitting $2,700 also increased to 51%. Settlement depends on Binance ETH/USDT price data.
Uniswap burned a record 184,000 UNI tokens worth approximately $1.15 million in a single day. The majority of this activity, totaling 150,000 UNI, originated from the Robinhood Chain network.
The meme coin Apeing has attracted over 18,000 whitelist registrations ahead of its Stage 1 launch, with an initial price set at $0.0001. Meanwhile, Dogecoin holds near $0.09 and Pepe drops 5% to $0.0535.
Serenity highlights that the fundamental shortage in storage supply remains tight, with Japanese distributors reporting a 40% to 60% demand gap. The firm notes that while market narratives rotate, underlying constraints in storage and related sectors like optical modules are not resolved by short-term price increases.
Arbitrum's token price has surged 175% from its yearly low to $0.1950, marking a strong bullish breakout. This growth is driven by increased momentum and integration with Robinhood Chain.
A Reddit user reported seeing unexpected tokens in their MetaMask wallet, raising concerns about potential access issues or data anomalies. The user noted the account showed historical activity from 2022 despite no prior usage, prompting confusion about the wallet's state.
Coinbase director Wilson Frederick R sold 10,000 shares of COIN stock on September 1 at an average price of $178.93 per share. The transaction totaled approximately $1.79 million, reducing his direct holdings to 187,389 shares.
Robinhood Chief Brokerage Officer Steven M. Quirk and General Counsel Daniel Martin Jr. sold a combined total of over $4.16 million in company stock on September 3. Quirk sold 24,416 shares worth approximately $2.94 million, while Martin sold 10,000 shares valued at about $1.22 million.
Circle has launched cirBTC, a 1:1 wrapped Bitcoin token on Ethereum backed by native BTC held in segregated custody. The token utilizes Chainlink Proof of Reserve to provide verifiable onchain data regarding its collateral. Native support for Circle's Arc layer-1 blockchain is planned for future integration.
MultiversX will implement the Supernova hard fork on September 10, 2026, reducing block time from six seconds to 600 milliseconds. EGLD holders using self-custody wallets do not need to take any action, while users on exchanges or staking should plan around the brief network halt.
A lawsuit alleges Tether froze 42.4 million USDT without a timely court order, highlighting the counterparty risk of stablecoins. The article explains the technical mechanism of address freezes, distinguishing them from burns and reissues, and notes that frozen balances remain visible but immobile on the blockchain.
