XRP is trading at $1.40, up 4.3% over 24 hours, a bounce from the $1.34-$1.35 range it held for much of the week, against a backdrop of unusually busy institutional and infrastructure news across the Ripple ecosystem.
Smart Money and Retail Are Moving in Opposite Directions
On-chain data shows a widening gap between retail and institutional XRP activity, with retail traders losing nearly twice what they’re gaining while larger holders do the opposite. The data flagged $1.3459 as a level where a wave of retail selling coincided with accumulation from larger wallets, the same pattern seen just before XRP’s run to $1.68 in August.
A European Manufacturer Plugs Into Ripple’s Treasury Stack
German logistics and manufacturing giant TRATON has connected to Ripple’s treasury infrastructure, gaining access to both XRP and RLUSD on the same platform without needing new vendors or wallets.
RLUSD lets the company move money across borders in minutes rather than days before converting to local currency, while XRP is treated like a standard bank account with a full audit trail, real-time valuation and 15-decimal precision.
First Public-Chain Tokenized Fund Cleared by an EU Regulator
Aviva Investors has launched a tokenized share class of its USD Liquidity Fund on the XRP Ledger in partnership with Ripple, approved by the Central Bank of Ireland, marking the first public-chain tokenized fund structure cleared by a major EU regulator.
The operational stack spans BNY Mellon for underlying asset custody, Komainu for digital asset custody, and Licuido for tokenization infrastructure, with the fund retaining the same investment objective, risk profile and regulatory protections as its traditional share class under a “digital twin” model.
Ripple Eyes Institutional Lending as XRP’s Next Use Case
Ripple product head Jazzi Cooper says institutional credit remains largely untapped in on-chain finance and could become a significant new role for XRP. The XRP Ledger’s Lending Protocol already enables fixed-term loans funded through Single Asset Vaults, with borrowers undergoing offchain underwriting while the lending itself runs on XRPL infrastructure. A protocol update is expected alongside XRPL 3.4.0 next week.
RLUSD Supply Surges Past $2.4 Billion
RLUSD’s total supply has climbed to roughly $2.42 billion, split between $1.37 billion on Ethereum and $1.05 billion on the XRP Ledger, up more than 50% over the past 30 days.
Ripple Expands Its Team and Global Presence
Ripple has hired Craig Beveridge as VP of Talent Acquisition, following five years building out talent acquisition at Cedar, as the company continues staffing up heading into its next growth phase.
Ripple’s Abdallah Mukalled, Senior Policy Manager for the Middle East and Africa, is set to speak at the Middle East Stablecoin Forum 2026 in Dubai on September 17, an event expected to draw more than 300 participants and 30-plus speakers, including regulators and banks from across the GCC region.
All Eyes on Tuesday’s CLARITY Act Vote
Adding urgency to the week, Senate Majority Leader John Thune is reportedly urging Democrats to advance the CLARITY Act in Tuesday’s procedural vote, with the understanding that further changes could still be negotiated afterward.
Commentators following the bill describe Tuesday’s cloture vote as the closest crypto legislation has come to clearing this specific hurdle, with significant attention on whether it succeeds.
Story Ends Here
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Společnost Bitmine koupila za poslední týden 27 180 ETH za zhruba 68 milionů USD a zvýšila svou držbu na 5 956 378 ETH, tedy 4,9 % nabídky Etherea. K dosažení cíle 5 % jí chybí asi 144 000 ETH.
Key Takeaways The company acquired 27,180 ETH in the past week, representing approximately $68 million in value, increasing its total position to 5.96 million ETH. Bitmine currently holds 4.9% of the entire Ethereum supply and requires about 144,000 additional ETH to achieve its 5% objective. According to Chairman Tom Lee, the ETH-BTC price relationship reached its strongest point since January 30, ending a multi-year downward pattern that began in 2022. The company has staked more than 5 million ETH via its MAVAN infrastructure, anticipating several hundred million dollars in yearly staking returns. Combined assets including digital currencies, cash reserves, and investment positions now reach $15.8 billion, with BMNR listed in the Russell 1000 index. Bitmine expanded its Ethereum position by 27,180 tokens over the previous week, representing a market value of approximately $68 million based on Monday’s ETH trading price just north of $2,500.
BitMine Buys 27,180 ETH, Bringing Holdings to 5.96M ETH
BitMine said it acquired 27,180 ETH over the past week, bringing its total holdings to 5.96 million ETH as of September 13. The position represents about 4.9% of Ethereum’s 122 million ETH supply, putting the company 98%… pic.twitter.com/r5oLTgiA9T
— Wu Blockchain (@WuBlockchain) September 14, 2026
This latest acquisition elevates Bitmine’s complete ETH holdings to 5,956,378 tokens, moving the company closer to its stated 5% supply objective.
Given Ethereum’s current circulating supply of approximately 122 million tokens, the organization requires roughly 144,000 additional ETH to surpass the 6.1 million token benchmark it has established.
The firm has executed ETH acquisitions consistently on a weekly basis since initiating its Ethereum treasury approach in June 2025, with last week’s acquisition volume mirroring the previous week’s activity.
Bitmine Immersion Technologies, Inc., BMNR
According to a September 14 announcement, the organization’s aggregate cryptocurrency holdings, cash reserves, marketable securities, and speculative “moonshot” investments have reached $15.8 billion.
This valuation is primarily driven by its 5.96 million ETH stake, priced at $2,513 per token as of September 13, alongside 212 BTC, equity positions in Beast Industries and Eightco, plus $549 million held in cash and marketable securities.
Ethereum-Bitcoin Price Relationship Shifts Upward Tom Lee, Bitmine’s chairman and Fundstrat’s founder, identified several positive indicators for ETH as 2026 approaches its final quarter.
He emphasized that the ETH-BTC valuation ratio reached its peak level since January 30 and successfully breached a declining trend line established in 2022.
“The valuation ratio between ETH and BTC advanced to its strongest position since January 30th this year and confirmed a fresh upward trajectory,” Lee stated.
He attributed this movement to Ethereum’s expanding function as foundational infrastructure for Wall Street’s tokenization initiatives and its prospective application in governing autonomous AI systems.
Staking Operations Generate Significant Revenue The company has committed over 5.07 million ETH to staking through its MAVAN infrastructure, which functions as an enterprise-level staking and validator platform.
Management is forecasting annual staking income in the hundreds of millions of dollars from this substantial position.
The company also maintains membership in the Russell 1000 index, which it references as evidence of its expanding institutional credibility.
Lee identified two additional immediate catalysts: an anticipated Senate vote on Tuesday regarding U.S. cryptocurrency market-structure legislation called the Clarity Act, and resurgent cryptocurrency purchasing from Korean market participants.
The latest analyst assessment for BMNR is a Buy recommendation, with a $63.60 price objective.
BMNR shares declined 0.64% during Monday’s trading session, closing at $25.04.
Base a vývojáři Etherea se nedohodli na jednotném standardu pro account abstraction a pokračují odděleně: Base s EIP-8130, Ethereum s EIP-8141. Fragmentace může vývojářům zkomplikovat podporu napříč sítěmi.
The effort to unify how Ethereum handles account abstraction just hit a wall. A collaboration between Base, Coinbase’s Layer 2 network, and Ethereum core developers to reconcile two competing proposals ended last week, according to Derek Chiang of Ethlabs, the founder of ZeroDev.
The two sides will now advance their respective standards independently: Base with EIP-8130, and Ethereum’s Layer 1 with EIP-8141, known as Frame Transactions. Both remain listed as active drafts in the official Ethereum Improvement Proposal registry, which means the ecosystem now has to grapple with two parallel paths to solving the same problem.
What account abstraction actually means, and why it matters Account abstraction lets wallets do things that currently require clunky workarounds: sponsoring someone else’s gas fees, batching multiple transactions into one, logging in with a passkey instead of memorizing a seed phrase, and using custom authentication methods.
The existing standard for this, ERC-4337, works by layering these features on top of the Ethereum Virtual Machine rather than baking them into the protocol itself. Both EIP-8130 and EIP-8141 aimed to move account abstraction from that overlay approach to embedding it natively into the protocol layer.
The two proposals agreed on the core use cases. Gasless transactions, passkey-based wallets, transaction batching: all on the shared wish list. Where they diverged was on the values underlying the architecture.
The L1 vs. L2 philosophical rift Ethereum’s Layer 1 developers prioritized censorship resistance, value capture, and privacy. EIP-8141 reflects that ethos, focusing on flexible transaction primitives designed for broad extensibility and post-quantum readiness. It remains in draft form and is expected to ship as part of Ethereum’s upcoming Hegotá upgrade.
Base and the broader Layer 2 camp had different priorities. Scalability and customization topped their list. EIP-8130 is already being tested on Base’s vibenet devnet and is designed for adoption across the OP Stack, the modular framework that powers Optimism, Base, and a growing number of rollups. The proposal claims up to a 63% reduction in gas costs for certain transfer types compared to the existing ERC-4337 approach.
Chiang acknowledged that while a unified standard would have created a more consistent multichain smart account experience, the fragmentation could still produce productive outcomes. Different chains have different needs, and forcing a single standard onto both L1 and L2 may have resulted in a compromise that satisfied nobody.
What fragmentation means for developers and users The immediate practical consequence is that developers building smart account infrastructure now need to think about which standard they’re targeting. An application built on EIP-8130’s assumptions for Base or another OP Stack chain won’t automatically work the same way on Ethereum mainnet if EIP-8141 ships with different transaction primitives.
Account abstraction sits at a particularly sensitive layer of the stack because it governs how users authenticate, authorize, and pay for transactions. Fragmentation here ripples outward into wallet design, dApp interfaces, and cross-chain bridging.
The counterargument, and the one Chiang appears to lean toward, is that parallel innovation produces better outcomes than premature consensus. If EIP-8130 proves that native account abstraction can cut gas costs by 63% on L2s while EIP-8141 delivers quantum-resistant flexibility on L1, the ecosystem ends up with two strong tools rather than one mediocre compromise.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitwise ukončuje spotový Dogecoin ETF BWOW na NYSE Arca méně než rok po spuštění. Poslední obchodní den má být 14. října a poté přijde hotovostní výplata.
Bitwise is ending its spot Dogecoin exchange-traded product less than a year after it began trading, closing a short chapter in the first wave of US memecoin ETFs.
On September 10, 2026, Bitwise Investment Advisers said it would liquidate the Bitwise Dogecoin ETF, listed on NYSE Arca under the ticker BWOW.
The firm described the move as part of an effort to refine its lineup around shifting investor demand.
It did not single out assets, trading volume, or performance as the official cause.
The fund started trading in late November 2025, giving brokerage investors a way to gain Dogecoin exposure without holding the token themselves.
It carried a 0.34% expense ratio, among the lowest of the small group of U.S. spot Dogecoin products.
Opening-week activity suggested some initial interest, with reports of roughly $3 million in first-day volume.
That momentum faded quickly.By early September 2026 the product was a sliver of the market.
Holdings data showed about 8.2 million DOGE, valued near $690,000.
Net assets hovered around $690,000 to $722,000 depending on the day and the price of Dogecoin.
Lifetime net flows were reported as negative by more than $1 million.
Across all US Dogecoin ETFs, cumulative trading volume was far behind several other altcoin products, including funds tied to Hyperliquid, Zcash, and Chainlink.
Performance tracked the underlying token’s slide.
Cumulative NAV return from inception through late August 2026 was about minus 45%.
Mid-year filings already showed assets well below $500,000 after the first half of 2026.
The wind-down calendar is set. October 14 is expected to be the last trading day on NYSE Arca.
Investors can sell shares in the secondary market until that session closes.
Creation of new shares is slated to stop before the open on October 15.
The same day, the sponsor plans to convert the fund’s Dogecoin into cash. Remaining holders will receive a cash payout based on net asset value as of October 21, with distribution expected on or around October 22 through their brokers.
No action is required from shareholders who stay through liquidation.Bitwise said it has coordinated with the exchange to keep the delisting orderly.
The product is a commodity-based exchange-traded product rather than a 1940 Act fund, so it never carried the same regulatory wrapper as a traditional mutual fund or ETF.
The closure does not end regulated Dogecoin access.
Other US spot products, including offerings from Grayscale and 21Shares, remain listed and have gathered more assets than BWOW.
The episode does, however, underline a broader point for crypto product issuers: listing approval and a familiar brokerage wrapper do not automatically produce durable demand. Meme coins can generate headlines and first-day volume.
Sustained assets and secondary market activity are a different test.
For remaining BWOW holders, the path is straightforward: sell by October 14 or wait for the automatic cash distribution a week later. For the industry, the early shutdown of one of the cheapest Dogecoin ETFs is a reminder that product menus will keep shrinking as managers concentrate on vehicles that actually attract capital.
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Upbit zaznamenal týdenní objem obchodů 11,2 bilionu wonů, tedy asi 8 miliard USD, a XRP byl na korejské burze nejvíce obchodovaným aktivem před Bitcoinem a Tether.
South Korea’s largest crypto exchange, Upbit, recorded 11.2 trillion won, about $8 billion in weekly trading volume, a 6.74% increase from the prior week.
XRP was the most traded asset, ahead of Bitcoin and Tether. The print gives investors a fresh look at where Korea’s retail liquidity is concentrating.
Why XRP Keeps Topping Bitcoin on Korea’s Biggest Exchange Upbit is a KRW-native venue. Volume here is local cash, not recycled stablecoin flows recycled across global order books. Korean retail traders deal directly in XRP/KRW pairs, bypassing dollar-based routes entirely. This is not a one-week anomaly.
XRP trading volume has topped Bitcoin on Upbit before, including during the period when Hana Bank and South Korea’s four biggest financial firms pursued a combined $670 million stake in Dunamu, Upbit’s parent company.
That institutional backdrop explains part of why the exchange draws such deep liquidity.
The pattern goes deeper than preference. BTC and XRP dominate Upbit trading when Korean equities crack, with capital rotating into crypto during domestic stress.
That rotation dynamic has recurred multiple times in 2025 and 2026. The dominance is structural, not a spike. XRP has held the top crypto position in South Korea on Upbit for extended stretches.
A single day last year saw over $1.22 billion in XRP volume on the exchange alone, representing more than 22% of Upbit’s entire daily activity.
During peak periods, Upbit’s daily volumes have surged over 270%, with single-day highs reaching $3.81 billion. XRP captured the largest share of
those spikes.
Retail Tape vs Institutional Track: Two Different XRP Stories The Upbit data is one half of the XRP picture. The other half is institutional. On the payments side, Ripple has built a stack in Korea that now includes three bank partnerships.
Ripple partnered with Jeonbuk Bank to replace SWIFT with real-time payments, cutting multi-day settlement windows for business clients. That followed earlier integrations with Kyobo Life and Kbank.
The infrastructure layer is also expanding. A South Korean giant launched XRP custody services covering Upbit, Coinone, and Korbit, the three largest domestic exchanges.
That is not retail enthusiasm. That is institutional plumbing. Meanwhile, the derivatives market tells a different story. CME has overtaken Binance as the largest XRP futures venue by open interest.
That is a sign institutional capital is rotating into regulated derivatives, even as retail volume lives on Upbit’s spot order books.
The timing lines up. XRP futures volume hit a 6-month high in August, with Binance printing $37 billion and Upbit’s own spot volume hitting $4.68 billion for the month.
Last week’s $8 billion weekly print extends that run. The split is the investor takeaway: Korea handles retail. CME handles institutional. Both are growing at the same time.
For context on the policy backdrop shaping this week’s flows: the Senate CLARITY Act vote is scheduled for September 15, the day after Upbit’s weekly print landed.
The SEC also delayed Teucrium’s leveraged XRP ETF to October 11. Washington is still debating the wrapper. Korea is already trading the asset.
One thing this week’s data does not confirm: a market-cap flip. Ex-Ripple CTO David Schwartz has argued XRP could overtake Bitcoin, but that is a market-cap argument, not a volume argument.
High retail volume on a single exchange is not global adoption. It is participation, and Korea is participating at a structural level.
The regulatory weight on XRP this week is real. The SEC delayed a new XRP ETF as the CLARITY Act Senate vote looms. That delay has not slowed Korean won-denominated demand.
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Grayscale podala návrh na přeměnu Bitcoin Cash Trust na spotové Bitcoin Cash ETF a případně jej chce uvést na NYSE Arca pod tickerem BCHG. Změna čeká na schválení SEC.
Grayscale Investments is moving to convert its Bitcoin Cash Trust into a spot exchange-traded fund. An amended S-3 registration statement filed with the U.S. Securities and Exchange Commission on September 11 would rename the Grayscale Bitcoin Cash Trust as the Grayscale Bitcoin Cash Trust ETF and list its shares on NYSE Arca under the BCHG ticker, according to the SEC filing. The move is the asset manager’s latest effort to bring one of its single-asset crypto trusts onto a major U.S. exchange.
How the Conversion Would Work The trust is a Delaware statutory trust that issues shares representing fractional ownership in Bitcoin Cash. Its shares currently quote on the OTCQX market under BCHG, with Coinbase Custody Trust Company serving as custodian, Coinbase acting as prime broker, and The Bank of New York Mellon as transfer agent and administrator. Once the registration statement, filed as Amendment No. 1 to Form S-3, is declared effective and the shares are listed on NYSE Arca, the sponsor, Grayscale Investments Sponsors, LLC, intends to rename the vehicle Grayscale Bitcoin Cash Trust ETF. The registration covers an indeterminate number of shares in a continuous offering, with sale prices tied to the underlying Bitcoin Cash holdings and the shares’ NYSE Arca trading price.
A Familiar Grayscale Playbook The filing mirrors Grayscale’s earlier conversions of single-asset trusts into spot ETFs. In a separate filing this month, the firm moved to convert its Litecoin Trust (LTCN) into a spot Litecoin ETF, and it already debuted the first U.S. spot Zcash ETF on NYSE Arca. The planned listing would lean on the exchange’s proposed Rule 8.201-E, a generic listing standard for commodity-based exchange-traded products that NYSE Arca submitted to the SEC on July 30, 2025. Grayscale has framed such conversions as a way to align trust share prices more closely with the value of the digital assets they hold.
What Comes Next The filing remains subject to SEC approval, and the documents do not set a timeline for effectiveness or listing. Grayscale also noted that the trust has historically not met its investment objective, with OTCQX shares trading at both premiums and discounts to the value of the Bitcoin Cash it holds — a gap an exchange-listed ETF is intended to narrow. Any conversion depends on the SEC clearing both the registration statement and the exchange listing rules, leaving the timing of a potential BCHG listing on NYSE Arca uncertain.
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TAO je nyní dostupný na síti Robinhood Chain díky mostu od Forever Money postavenému na Chainlink CCIP. Jde o 1:1 nativní zastoupení na další velké síti, ne o migraci.
Bittensor’s TAO is now live on Robinhood Chain. Forever Money built the bridge using Chainlink CCIP, giving the leading decentralized-AI token a 1:1 native presence on a second major chain.
The move follows TAO’s August expansion onto Base. It arrives on an L2 that already processes billions in weekly DEX volume.
How the Bridge Works, and What It Means for TAO Holders Forever Money operates the bridge. Chainlink CCIP handles all cross-chain settlement underneath. The result is a 1:1 representation of TAO on Robinhood Chain. No subnet economy moves.
Bittensor’s underlying consensus stays untouched. That distinction matters. Bridged TAO is wrapped access, not a migration. Smart-contract and redemption risk sit with Forever Money and CCIP. This is not a listing on Robinhood’s brokerage app.
Still, the distribution angle is real. Robinhood Chain launched in July as an Arbitrum Orbit L2 that adopted Chainlink as its official oracle from day one. Within weeks, it flipped Base to claim the No. 2 spot on Uniswap.
That is the liquidity environment TAO is now entering. For holders, the bull case is simple. More chains mean more wallets, more pool depth, and more potential liquidity.
The bear case is equally plain: Robinhood Chain volume has been meme-heavy. TAO can get bridged into a thin tape and see little real impact if pools stay shallow.
Chainlink’s own post confirmed the integration as part of ten new integrations across four chains.
As Standard Chartered analysts have noted, CCIP’s role in tokenization and cross-chain finance continues to grow. Standard Chartered Sets $200 LINK Target and TAO using those same rails is consistent with how Robinhood Chain was designed from the ground up.
The Bigger Picture: AI Tokens Are Hunting Liquidity Beyond Crypto Natives TAO already has a strong institutional backstory. Grayscale filed to convert its GTAO trust into a spot Bittensor ETF, the first such filing for a Bittensor product.
Grayscale Files for First Bittensor ETF, earlier this year, the token rallied 18% as US restrictions on Anthropic AI models pushed investors toward decentralized alternatives.
DCG subsidiary Yuma continues to back its core development. DCG Backs Bittensor Development. A retail L2 bridge is the distribution counterpart to all that institutional groundwork.
The timing also fits a broader narrative shift. Arthur Hayes recently argued in a CoinGape column that AI agents will eventually need a currency tied directly to compute.
TAO sits squarely inside that conversation. Being accessible on a high-throughput consumer chain makes it a more viable settlement token for on-chain agents and vaults.
On the market side, TAO is trading in the mid-$230s at time of writing. The token spiked toward $265 on September 7 after the Robinhood Chain news broke, then gave back part of those gains.
Robinhood Chain has kept on-chain activity high, posting over $2.66M in single-day app revenue. Whether TAO pools on that chain gain depth will be the real test.
One catalyst remains to watch. Forever Money posted on September 14 that something big is coming this week.
Stay tuned, something big is coming this week!
We're cooking, thanks for the update fam
— ForeverMoney (@forevermoney_ai) September 14, 2026
A wallet integration, a vault, or a further chain expansion could follow. Treat this as a distribution upgrade for a top AI token. The retail listing story is still being written.
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Wyoming přesunul státem vydaný stablecoin $FRNT z LayerZero na Chainlink CCIP po bezpečnostním auditu. Jde o první americký vládní subjekt, který veřejně nahradil blockchainovou infrastrukturu z bezpečnostních důvodů.
Security Review Drives State-Backed Token MigrationThe Wyoming Stable Token Commission has shed light on its decision to migrate its state-issued Frontier Stable Token ($FRNT) from @LayerZero_Core to @Chainlink's Cross-Chain Interoperability Protocol (CCIP). The move, completed in August 2026, makes Wyoming the first U.S. government entity to publicly replace its blockchain infrastructure on security grounds.
The Commission said the switch followed a proactive security review of its cross-chain stack. That review identified what it described as a consistent pattern of concerns around LayerZero's disclosure practices and operational security, including access control and private key management risks. Executive Director Anthony Apollo stated that CCIP was the only solution evaluated that met the Commission's requirements for a state-owned digital asset.
"The Commission proactively conducted a security review and identified concerns regarding LayerZero's disclosure practices and operational security," Apollo said. "Following the review, the Commission decided to adopt Chainlink CCIP as it is the only cross-chain infrastructure that met our stringent security and reliability requirements across the board."
Under a multi-year contract, @Chainlink CCIP now serves as FRNT's exclusive cross-chain infrastructure. The token, which launched in January 2026, remains live across eight public blockchains: Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana. Existing holders were not required to take any action during the migration.
Broader Industry Shift Away from LayerZeroWyoming's move is part of a wider industry trend. Nearly $15 billion in onchain value has migrated from LayerZero to Chainlink CCIP, a wave that includes firms such as BitGo and Kraken. The exodus accelerated following a $292 million exploit on a LayerZero-powered bridge earlier in 2026.
$FRNT is the first fully reserved, fiat-backed stablecoin issued by a U.S. public entity. Each token is redeemable for one U.S. dollar held in trust by Wyoming, and reserve income supports the state's School Foundation Program. The Commission has since expanded its Chainlink partnership further, adopting Chainlink Proof of Reserve to provide near-real-time, onchain verification of FRNT's backing assets.
LayerZero responded publicly, saying it respects the Commission's decision and that FRNT holders remain unaffected. The firm also stated it has since hardened its security practices.
Sources:
Wyoming Stable Token Commission Official Press Release, PR Newswire
Wyoming Joins Near-$15 Billion LayerZero Exodus, CoinDesk
Wyoming Expands Chainlink Partnership with Onchain Reserve Verification, The Block
Spoluzakladatel Chainlink Sergey Nazarov bude 24.–25. září 2026 na 10. ročníku fintech konference Fedu diskutovat s manažery BlackRock a Vanguard o regulaci digitálních aktiv, stablecoinech a tokenizovaných vkladech.
Sergey Nazarov, co-founder of Chainlink, is heading back to the Federal Reserve Bank of Philadelphia for the second year in a row. This time, he’ll share the stage with executives from BlackRock and Vanguard at the bank’s 10th Annual Fintech Conference, scheduled for September 24-25, 2026.
The panel will focus on how new regulatory frameworks are reshaping the digital assets landscape, with specific attention to stablecoins and tokenized deposits. Josh Lipsky of the Atlantic Council will moderate the discussion, which also includes a representative from Sharplink.
From fringe to Fed panels Nazarov previously presented at the Ninth Annual Fintech Conference in November 2025, where he made the case for integrating blockchain technology into regulated financial systems. His pitch centered on Chainlink’s compliance-focused solutions, arguing that onchain infrastructure could actually enhance regulatory oversight rather than undermine it.
The regulatory backdrop The Federal Reserve has been actively rethinking its approach to crypto and stablecoin firms’ access to the banking system. One notable development: the Fed has proposed “skinny master accounts,” a mechanism designed to give eligible crypto companies and stablecoin issuers direct access to payment systems.
Stablecoins and tokenized deposits will be central topics at the panel. Stablecoins function as dollar-pegged digital tokens used extensively in crypto trading and increasingly in cross-border payments. Tokenized deposits represent actual bank deposits on a blockchain rather than just pegging to a dollar value.
Chainlink’s positioning play Chainlink operates as an oracle network, essentially a bridge that connects blockchain-based smart contracts with real-world data feeds. Price information, interest rates, compliance data: all of it flows through oracle infrastructure.
Nazarov’s pitch at the 2025 conference emphasized this compliance angle. Rather than framing blockchain as a tool for circumventing regulation, he argued it could make oversight more efficient and transparent.
What to watch The skinny master accounts proposal will be worth monitoring closely in the months following the conference. If implemented, it could unlock banking access for a class of crypto firms that have struggled to maintain stable banking relationships. That would have ripple effects across stablecoin issuance, exchange operations, and institutional custody services.
The broader crypto industry should pay attention to the Atlantic Council’s involvement as moderator. The think tank has been increasingly active in digital currency policy research, and its role in facilitating these conversations between crypto firms, asset managers, and central banks suggests a more structured dialogue is emerging.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SODAX se spojil s HashPack, aby uživatelům Hedera zpřístupnil tokenizované akcie Robinhood a další RWA přímo přes $HBAR a $USDC. Integrace cílí na akcie jako $AAPL, $TSLA a $NVDA.
Tokenized Equities Come to Hedera@SODAX has partnered with @HashPack to streamline how users hold, exchange, and transfer tokenized Robinhood stocks and real-world assets (RWAs) on the @Hedera network. The integration allows HashPack's user base to access equities such as $AAPL, $TSLA, and $NVDA directly through their existing $HBAR and $USDC holdings, without leaving the Hedera ecosystem.
HashPack is the leading non-custodial wallet and gateway to the Hedera network, providing secure, frictionless access to DeFi, NFTs, and tokenized assets. The wallet has built a sizable following on Hedera, making it a natural distribution channel for expanding RWA access to a broad retail audience.
SODAX has officially joined The Hashgraph Association, the membership network around the Hedera public network and the broader Hashgraph technology stack, which is governed by a council that includes Google, IBM, Dell, and Boeing. SODAX describes itself as infrastructure for modern money, a cross-network execution system that coordinates actions across 18 blockchain networks, with a mission to let money move, lend, trade, and settle across any blockchain as if there were no boundaries.
Addressing the RWA Fragmentation ProblemOne of the persistent challenges in RWA adoption has been fragmentation: assets tokenized on one chain are often difficult to access or transfer on another. SODAX's cross-chain execution layer is designed to address this directly, routing transactions across networks so that Hedera users are not locked out of assets that originate elsewhere.
Hedera has processed roughly $10 billion in real-world asset transactions, highlighting growing enterprise adoption on the network. The Sodax and HashPack integration adds a retail-facing layer on top of that institutional foundation, connecting everyday wallet holders to tokenized equity markets that were previously harder to reach from within the Hedera ecosystem.
HashPack continues to expand Hedera's reach through strategic initiatives in real-world asset tokenization and community-building tools. The partnership with SODAX fits squarely into that direction, giving HashPack users a practical on-ramp to tokenized stocks through infrastructure they already use.
For Hedera, the move reinforces its positioning as an enterprise-ready settlement layer for tokenized financial products, with RWA activity on the network continuing to grow across both institutional and consumer segments.
Sources:
SODAX joins The Hashgraph Association (sodax.com)
HashPack case study (hedera.com)
In an unexpected turn of events, Lisk Chain, which upgraded to an Ethereum [ETH] Layer 2 mainnet in 2024, has announced its plans to shut down.
Schedule for 31 October 2026: the Lisk Chain, along with the DAO governance system, staking, and all the governance-related programs running on the chain, will all be closed down.
However, the token, LSK, itself is not being discontinued.
Why would holders face the major brunt of this shutdown? Now this has become a huge problem for existing holders. This is because if the tokens were already on Ethereum or sitting on an exchange, the shutdown would not require the holder to migrate them.
But since LSK is sitting on the Lisk Chain, the holder would need to move it before the shutdown.
In that process, staked LSK first needs to be unstaked, which involves a three-day waiting period, and then the tokens would have to go through the bridge process to Ethereum.
This might take at least another seven days because of the optimistic rollup challenge period.
LSK experiences an exit pump Needless to say, this has impacted the token price action, which in technical terms can be referred to as an “exit pump.” At press time, the LSK was trading at $0.9428 after a hike of 344.5% in the past 24 hours.
So given the current scenario, the token is expected to rise sharply despite deteriorating or disappearing long-term fundamentals. Here, the idea is that traders get a chance to buy the token and earn profits.
However, this won’t last long, as the RSI lying in the overbought zone and the candles crossing the upper band of the Bollinger Bands suggest that there is incoming major selling pressure from the bears.
Source: Trading View As Pricesync’s founder put it best when he said,
Here it’s doing clear exit pump cause MM got the point after all of this there will be no future demand in $LSK
Lisk Chain is not alone Well, Lisk Chain is not the first one to shut down. As in the past two months, BitMEX, the crypto exchange co-founded by Arthur Hayes in 2014, announced plans to shut down after 11 years. At the same time, BitMart has also announced its closure.
Then DeFi aggregator Odos has also been permanently shut down on 30th July. And, at last, ABFinance, a U.S.-compliant crypto platform founded by former Bybit co-CEO Helen Liu, has suspended operations and canceled its planned launch just months after being announced in March 2026.
All these suggest that the crypto market is going through a lot of strain, and regulatory delays are further putting a lot of pressure on the market.
Final Summary Lisk’s DAO governance-related programs running on the chain and staking will all be shut down. Lisk Chain has joined other firms that decided to wind down their operations in H2 2026.
MEXC has completed a migration of its $RIO token reserves from the Algorand blockchain to Ethereum, swapping holdings at a 1:1 ratio. The move, confirmed through Realio Network’s official channels on September 14, 2026, is part of a broader recovery process the project has been managing following an unspecified incident affecting its reserves.
The new token now lives at Ethereum contract address 0x94a8b4EE5CD64C79D0Ee816f467EA73009f51aA0, verifiable on Etherscan. For anyone wondering whether their holdings survived the crossing, that address is the definitive reference point.
What actually happened here Realio Network is a real-world asset tokenization platform, meaning it helps bring traditionally illiquid assets like private equity and real estate onto public blockchains.
$RIO functions as the network’s utility and gas token. Since its initial launch in March 2023, $RIO has operated across multiple chains simultaneously, including Ethereum, Algorand, and Stellar, giving users flexibility in where they hold and transact the token.
The migration MEXC executed is not the exchange acting unilaterally. Realio Network directed the move, and MEXC followed through on its end by converting the Algorand-based holdings to the new ERC-20 version at a ratio that leaves holders with exactly what they started with, numerically speaking.
This is not the first time MEXC has navigated a $RIO chain transition. In late 2024, the exchange handled a similar contract swap for $RIO on Binance Smart Chain, also at 1:1, without disrupting trading.
As of the latest communications from Realio Network, no broader disruption to $RIO trading on MEXC has been reported. The project has indicated that further recovery steps will be announced through official channels.
Why Ethereum, and why it matters Moving from Algorand to Ethereum is not a lateral shuffle. Ethereum is, by most measures, the dominant chain for tokenized real-world assets, with more mature infrastructure, more extensive developer tooling, and a larger user base than almost every competing network.
The shift also simplifies the asset management picture for an exchange like MEXC. Maintaining reserve balances across multiple chains introduces operational complexity, and consolidating toward Ethereum reduces the number of moving parts to monitor during a recovery period.
Realio Network’s multi-chain architecture has always been a feature rather than an afterthought. The project launched in March 2023 with explicit support for several blockchains, recognizing that different user bases gravitate toward different ecosystems.
What to watch from here The immediate practical implication for $RIO holders on MEXC is straightforward: holdings are preserved at the same numeric value, just on a different underlying chain.
The more interesting question is what “additional recovery steps” from Realio Network actually entail. The project has been deliberate about not over-communicating on the nature of the original incident, and has stated it will keep users updated through official communications.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Chainlink oznámil 10 nových integrací napříč pěti službami a čtyřmi blockchainy, včetně Aave a Bottomline Pay. Rozšiřuje tak svou oracle a datovou infrastrukturu napříč ekosystémem.
Chainlink has announced 10 new integrations spanning five services and four blockchain networks, adding to a growing list of projects that rely on its oracle and data infrastructure.
Who Is Joining the Chainlink EcosystemThe oracle network's latest adoption update covers ten new integrations spanning five distinct services and four blockchain networks, with prominent platforms such as Aave and Bottomline Pay among the latest adopters. AI-focused projects are also part of the wave, including Forever Money AI, which uses artificial intelligence to optimize DeFi strategies. Other adopters in this round include World, Tempo, GMTrade, Space and Time, and WyoStable.
These integrations enable AI agents and other services to leverage real-time data, improving transaction decision-making. For DeFi users, that translates to greater precision across lending, trading, and yield generation.
A Pattern of Steady ExpansionThe latest batch fits a broader pattern of consistent growth. In 2026, Aave expanded the relationship as its V4 markets adopted Chainlink as their exclusive oracle platform, while Smart Value Recapture and Chainlink Runtime Environment added revenue and automation capabilities.
The network's reach continues to widen across the broader ecosystem. Chainlink's infrastructure has enabled more than $27 trillion in transaction value across over 70 blockchains by December 2025, while securing more than $100 billion across DeFi, with roughly 70% market share across blockchains and more than 80% on Ethereum. The fact that this latest wave of integrations spans four different blockchain networks underlines Chainlink's chain-agnostic design, which allows it to serve as a neutral data layer across a fragmented crypto landscape.
Sources:
Coinfomania: Chainlink Integrates with 10 New Services Across 4 Chains
Chainlink: Q1 2026 Quarterly Review
KuCoin: Chainlink Becomes Core Infrastructure for Aave and Major DeFi Protocols
Zakladatel Aave Stani Kulechov podpořil CLARITY Act jako klíčový krok k jasným pravidlům pro DeFi. Podle něj by mohl vytvořit trvalý regulační rámec podobně jako GENIUS Act pro stablecoiny.
Aave Founder Backs CLARITY Act as DeFi's Defining Moment@StaniKulechov, founder of @Aave, is throwing his weight behind the Digital Asset Market CLARITY Act, calling it a "big deal" and the legislation most likely to establish a durable regulatory framework for decentralized finance. Speaking publicly on the matter, Stani drew a direct comparison to the GENIUS Act, suggesting the CLARITY Act could do for DeFi what stablecoin legislation did for that corner of the market.
The GENIUS Act, signed into law on July 18, 2025, established a regime to regulate US payment stablecoins , and set a precedent for sector-specific crypto legislation in the United States. Stani's argument is that the CLARITY Act represents the logical next chapter.
What the CLARITY Act Would Mean for DeFi The CLARITY Act is a US bill designed to establish clear rules for cryptocurrencies and digital assets, granting the CFTC oversight of digital commodity markets while the SEC continues regulating securities. For DeFi specifically, the bill resolves threshold questions about developer liability, self-custody rights, and stablecoin economics that have created compliance uncertainty for years.
If enacted, the legislation could allow banks and financial institutions to hold, lend, and borrow digital assets without seeking additional permissions, a shift that would meaningfully lower the barrier for traditional finance to participate in on-chain markets. The act also commissions a joint SEC, CFTC, and Treasury study on DeFi's size, risks, and integration with traditional markets.
The bill passed the House in July 2025 and cleared the Senate Banking Committee 15-9 in May 2026. However, a merged Senate text landed in late July 2026 carrying a first-of-its-kind ethics provision, with three fights still unresolved: who enforces the ethics rules, whether stablecoin rewards survive, and how far developer protections extend.
With September now viewed as the realistic window for further progress, the coming weeks could determine whether the CLARITY Act advances to the President's desk or stalls further. For Stani and the broader DeFi community, the stakes are clear: a workable statutory framework could unlock institutional capital and replace years of regulatory uncertainty with defined rules of engagement.
Sources:
CLARITY Act Explained: SEC and CFTC Crypto Rules in 2026 (Datawallet)
Stablecoin Legislation: An Overview of the GENIUS Act of 2025 (Congress.gov)
The Facts: The CLARITY Act (US Senate Banking Committee)
Uniswap Labs has rolled out full support for Ink, the Optimistic Rollup blockchain built by Kraken, across its entire product suite. That means traders and liquidity providers can now access Ink through the Uniswap web app, mobile wallet, and developer API, bringing another layer 2 network into the fold of the world’s largest decentralized exchange.
Uniswap V3 contracts were first deployed to Ink back in December 2024, following a governance request for comments. But getting smart contracts live on a chain and actually letting users interact with them through a polished frontend are two very different things. This update closes that gap.
What Ink brings to the table Ink operates as an Optimistic Rollup within the Optimism Superchain framework, which means it inherits Ethereum’s security while processing transactions at a fraction of the cost. Its standout technical feature is 1-second block times, designed specifically to support the kind of rapid-fire trading that DeFi users have come to expect.
The chain carries chain ID 57073 and was purpose-built by Kraken for decentralized finance applications. With this full integration, Uniswap users on Ink now have access to v2, v3, and v4 protocol versions.
The long road from contracts to frontend The timeline here tells a story about how blockchain integrations actually work in practice. The governance RFC and initial V3 deployment happened in December 2024. A GitHub issue from December 2025 flagged the need for proper frontend support before Ink could be considered fully integrated into the Uniswap platform.
Ink has been building momentum during that waiting period. The chain has accumulated hundreds of millions in total value locked across its DeFi ecosystem, with multiple active protocols contributing to a growing liquidity base.
Uniswap’s multichain chess game This integration fits into a broader pattern that has defined Uniswap’s strategy over the past two years. The protocol has been methodically expanding across layer 2 networks, treating each new chain as an opportunity to capture trading volume that might otherwise flow to competitors.
Coinbase has Base. Kraken has Ink. Both are exchange-backed layer 2 networks competing for DeFi users, and both now have full Uniswap support.
The governance discussions that preceded this integration suggest the community is actively weighing these tradeoffs, balancing growth ambitions against the operational complexity of supporting an ever-expanding network of deployments heading into the final months of 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Spojené arabské emiráty vybraly Avalanche ($AVAX) jako blockchainovou páteř pro svou národní digitální identitu. Integrace se týká UAE PASS a více než 12 milionů uživatelů.
Avalanche Enters UAE's National Identity EcosystemThe United Arab Emirates has selected Avalanche ($AVAX) as the blockchain backbone for its national digital identity infrastructure, marking one of the most significant government-level blockchain deployments in the region to date. The integration brings together @tdrauae, the Telecommunications and Digital Government Regulatory Authority, and Web3 firm Deca4 to embed $AVAX into UAE PASS, the country's unified national identity platform.
The Digital Vault: Blockchain-Secured Document ExchangeAt the centre of the initiative is a new feature called the Digital Vault, a blockchain-powered environment that allows more than 12 million users in the UAE to store, access, and exchange verified documents with full security guarantees. By anchoring identity verification to the Avalanche network, the framework removes the need for paper-based processes and replaces them with automated, tamper-resistant record verification at a national scale.
The move aligns with a broader push by the UAE to lead on digital governance.
Avalanche's technical architecture makes it a natural fit for high-stakes government workloads. , a design well suited to permissioned government infrastructure.
The UAE partnership adds to Avalanche's growing footprint in the Middle East and North Africa. For Ava Labs, a national identity contract of this scale represents a meaningful validation of the chain's enterprise credentials.
Sources:
TDRA: Information and Digital Government Sector
TDRA: UAE PASS Initiative
Avalanche: MENA Momentum Recap
Solana 12. září dosáhla denního objemu tokenizovaných akcií 200 milionů USD a překonala Nasdaq i NYSE dohromady o více než 100 milionů USD. O den později tržní kapitalizace tokenizovaných akcií na Solaně vystoupala na rekordních 684 milionů USD.
On September 12, Solana’s tokenized equity trading volume hit $200 million, beating the combined volume of the Nasdaq and NYSE by more than $100 million. For a blockchain that most people still associate with memecoins and NFTs, quietly outpacing Wall Street’s two flagship exchanges in stock trading volume is quite the character arc.
The milestone represents more than a single good day. Solana has consistently captured between 85% and 95% of all global on-chain tokenized equity trading activity throughout 2026, making it the de facto home for blockchain-based stock trading.
Inside the numbers Raydium, Solana’s largest decentralized exchange, handled roughly 70% of the $200 million in tokenized equity volume on September 12.
The day after the record, September 13, brought another milestone. The total supply of tokenized equities on Solana reached an all-time high of $684 million, with 727,000 holders across the network. That supply figure represents a 47% increase in just three weeks.
Perhaps the most telling statistic is this: 63% of tokenized equity trading volume on Solana through August occurred outside standard US market hours.
The September 12 record wasn’t Solana’s first brush with six-figure tokenized equity volumes. The blockchain first crossed the $100 million daily threshold back in mid-June 2026.
Why tokenized equities are gaining traction Tokenized equities are blockchain-based representations of traditional stocks. Think of them as digital twins of shares in companies like Apple or Tesla, but ones that can be traded on decentralized platforms without broker intermediaries, settlement delays, or the constraint of market hours.
Traditional stock settlement in the US still operates on a T+1 cycle, meaning trades don’t officially settle until the next business day. On Solana, settlement is near-instant. Transaction costs are fractions of a cent compared to the fees charged by traditional brokerages for certain order types and services.
The 63% after-hours trading figure reveals a structural demand that legacy exchanges are architecturally unable to meet. Someone in Singapore or Lagos who wants to trade US equities at 2 AM local time has limited options through traditional channels. On Solana, the market is always open.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
THORChain má na DeFiLlama nový dashboard pro vztahy s investory, který na jednom místě sleduje klíčové fundamenty protokolu včetně activity, fees, liquidity, nodes, bonding, token metrics a dalších indikátorů THORChain. Data jsou sledována a prezentována společností DefiLlama jako nezávislou třetí stranou.
THORChain now has a dedicated Investor Relations dashboard on DeFiLlama, giving users, researchers, and investors a single place to track the protocol’s key fundamentals.
The dashboard brings together independently verified data on activity, fees, liquidity, nodes, bonding, token metrics, and other custom THORChain indicators, making it easier to understand how the network is being used and what is driving its growth.
Link to the dashboard: https://investors.defillama.com/thorchain
Get Insights Into THORChain’s FinancialsOn the first page of the dashboard, users get a detailed look at THORChain’s financials and how activity on the network translates into fees and revenue.
The top of the page shows THORChain’s total fees and revenue across several time periods, including the past seven days, 30 days, one year, and the protocol’s full lifetime.
Users can then look at where those fees go. The dashboard separates supply-side revenue, protocol revenue, and holder revenue, while also showing fees and revenue by chain. This makes it easier to understand not only how much economic activity THORChain generates, but also how that value is distributed across the network.
For a more detailed view, the dashboard also includes a full income statement showing where THORChain’s income comes from and how it is distributed. The income statement can be viewed on a monthly, quarterly, yearly, or cumulative basis, making it easy to compare performance across different periods or follow how the protocol’s financials have developed over time.
The financials page also provides a dedicated look at affiliate fees, showing how much wallets and interfaces have earned by routing swaps through THORChain. Users can see lifetime and recent affiliate fees, total routed volume, and a leaderboard of individual integrations.
Track THORChain’s Trading ActivityThe next page of the dashboard focuses on activity across THORChain, giving users a clearer picture of how much the network is being used and where that activity is coming from.
At the top, users can see lifetime and 30-day swap volume, as well as average daily volume over the past 30 days.
Users can also break swap volume down by source chain, making it possible to see which networks are contributing the most trading activity. Alongside volume, the dashboard tracks unique wallets and swap counts across different periods. This helps show whether changes in volume are being driven by more users, more frequent trading, or larger individual swaps.
The page also breaks activity down by swap type, separating Native Assets, Trade Assets, and Secured Assets. This gives users another way to understand what kinds of assets are driving activity on THORChain and how the composition of trading changes over time.
Track Network Security and Protocol-Owned LiquidityThe next page provides insight into both the capital securing THORChain and the liquidity owned by the protocol itself.
Users can see the number of active nodes and Node Operators, the current bonding APR, and how much RUNE is bonded to the network.
The dashboard also puts this bonded capital into context by showing it as a percentage of circulating RUNE supply and THORChain’s TVL. A historical chart tracks the amount of RUNE bonded over time, making it easier to see how the capital securing THORChain has changed since mainnet launched in April 2021.
The same page also covers Protocol-Owned Liquidity, showing the value of THORChain’s POL position in both USD and RUNE, as well as its share of total TVL. Users can also track how the value of this position has changed over time, with historical data available from May 2023 onward.
Track THORChain’s Token SupplyThe next section of the dashboard focuses on THORChain’s two tokens, RUNE and TCY. For RUNE, users can see its market cap, fully diluted valuation, circulating and total supply, and the amount of RUNE held in the Reserve.
The dashboard also tracks RUNE’s price over time and compares it directly with THORChain’s swap volume, making it easier to see how changes in network activity line up with movements in the token.
The TCY section provides a similar overview, including its market cap, circulating supply, total supply, and the amount held or unclaimed by the protocol. Users can also follow TCY’s price, staking APR, and the amount of protocol-owned TCY over time.
The dashboard also tracks the RUNE burn, showing how much RUNE has been permanently removed from circulation over time. Users can see both lifetime and recent burn figures, as well as the current burn rate, providing a simple way to follow how THORChain’s fee activity contributes to reducing the RUNE supply.
The following page covers RUNE token unlocks. Users can see how the token supply was originally allocated between insiders, the public sale, staking, the ecosystem, and the private sale, alongside a timeline of historical unlock events.
Since RUNE is now effectively fully unlocked, this section is particularly useful for understanding how the supply entered circulation over time and reviewing the token’s historical distribution rather than tracking a large future unlock schedule.
One Place to Follow THORChain’s Fundamentals
The DefiLlama Investor Relations dashboard gives anyone a much easier way to understand what is happening across THORChain without having to piece together data from multiple sources.
From financial performance and trading activity to bonding, Protocol-Owned Liquidity, RUNE, TCY, and token unlocks, the dashboard brings the most important metrics behind the network into one place and makes it possible to see how they develop over time.
More importantly, the data is tracked and presented by DefiLlama as an independent third party. This gives users, researchers, and investors a transparent way to follow THORChain’s fundamentals, understand where growth is coming from, and build a clearer picture of the health of the network.
Revolut potvrdil, že kvůli podvodné žádosti přes falešný vládní e-mailový účet předal neoprávněné straně kopie dokladů totožnosti zákazníků včetně pasů a kompletní historii bitcoinových transakcí.
A third party using a real government email domain walked off with identity documents and full bitcoin transaction records.
Revolut exposed customer passports and bitcoin transaction
Editorial credit: Motorsport Photography F1 / Shutterstock.com
Posted September 14, 2026 at 6:26 am EST.
Revolut over the weekend confirmed to multiple media outlets that it disclosed sensitive customer information to an unauthorized third party after that party submitted fraudulent requests for records using an email account on a legitimate government agency’s domain. A spokesperson reportedly described it as a sophisticated external impersonation scam and said Revolut blocked the address once it identified the fraud.
The purported notification sent to affected customers that has circulated online says exposed data includes listed names, dates of birth, postal and email addresses, telephone numbers and copies of identity documents including passports and driver’s licenses. Verification selfies, account statements and transaction histories, including Bitcoin. Mt. Gox CEO Mark Karpelès, who shared the notice, said he was affected.
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ZachXBT, who alerted followers on Saturday, said the incident appears to have been aimed at high-net-worth users. Revolut has not said how many users were affected and the government agency involved.
The attack adds to concerns around wrench attacks increasingly targeting crypto holders.
Hardware wallet maker Trezor disclosed a structurally similar problem last week, when a breach at its email provider let attackers send phishing from its own domain, days after saying a ShipMonk breach had exposed another 67,000 US customers.
Revolut, which says it has more than 80 million customers, won conditional approval from the U.S. Office of the Comptroller of the Currency this month to establish a national bank, began rolling out its EURR euro stablecoin in Denmark, Poland and Portugal in August, and is weighing a listing that could value it as high as $200 billion.
Related Listen: Inside the Coldcard Hack That Drained Over $100 Million in Bitcoin: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Pineapple Financial převedla na Injective část svého financovaného hypotečního portfolia, nyní 2 079 záznamů. Firma plánuje postupně dostat na blockchain celý historický soubor více než 29 000 hypoték v hodnotě přes 10 miliard USD.
Pineapple Financial Brings $1 Billion in Mortgages On-ChainPineapple Financial, trading on NYSE American under the ticker PAPL, confirmed on September 4 that it has moved a portion of its funded mortgage portfolio onto Injective, a layer-1 network built around financial applications. The migration currently covers 2,079 mortgage records, up from 1,259 when the initiative began in December 2025, with each record containing more than 500 data points per loan to support verification, audit trails, and risk analysis.
The move represents a different approach to real-world asset tokenization. Instead of creating a new investment product backed by mortgages, Pineapple is using blockchain infrastructure to record and verify existing loan information. The tokens do not represent ownership of the underlying mortgage loans. Instead, they represent records associated with the mortgage portfolio, creating an on-chain representation of loan data rather than a direct claim on the assets themselves.
Pineapple has disclosed plans to eventually migrate its entire historical portfolio onto the blockchain, which includes more than 29,000 funded mortgages valued at upwards of $10 billion. Beyond the mortgage tokenization program, Pineapple also maintains a $100 million treasury position in Injective tokens, with Kraken functioning as a key validator for its staked assets.
Injective Builds Out Its Institutional RWA StackThe milestone makes Injective one of the largest layer-1 chains by total value of tokenized real-world assets. RWA(.)xyz has begun listing Injective among the leading blockchains by tokenized asset value, a recognition that reflects the pace of the network's institutional partnerships over the past year.
Injective Mint, a platform that allows institutions to define, configure, and manage tokenized assets without writing custom smart contracts, is currently running in private alpha. At the protocol layer, Injective Mint extends the network's institutional infrastructure by providing a unified platform for issuing real-world assets with embedded compliance controls, allowing institutions to configure permissions, transfer restrictions, custody integrations, and governance systems through a single issuance workflow.
POSCO International, South Korea's largest trading company, and LG CNS, the technology arm of LG Group, selected Injective for an exclusive live pilot that issues, transfers, administers, and settles trade receivables generated by real international commerce. In August 2026, Injective also secured SEC registration as a transfer agent through its affiliate Injective Institutional Services, a credential that allows it to officially maintain records of security ownership, process transfers, and handle related administrative functions under SEC oversight.
Taken together, the Pineapple partnership, the enterprise pilots, and the regulatory groundwork signal that Injective is positioning itself as infrastructure for institutional asset tokenization rather than a platform aimed solely at retail crypto participants.
Sources:
CoinMarketCap: Pineapple Financial Tokenizes $1B in Mortgages on Injective Blockchain
Injective Blog: Injective is Now an Official SEC Registered Transfer Agent
CoinDesk: Pineapple Financial Starts Migrating its $10B Mortgage Portfolio Onchain via Injective
FCA zvažuje výjimku pro tokenizované zlato z pravidel pro fondy, což by mohlo usnadnit jeho obchodování a použití jako kolaterálu v Londýně. Opatření zatím nebylo definitivně schváleno.
Britain’s financial watchdog is weighing whether to lift tokenized gold out of the fund rulebook entirely, a move that could change how London’s bullion vaults are used.
The Financial Conduct Authority (FCA) will set out the idea on Monday, the Financial Times reported.
The FCA Wants London’s Gold to Stop Sitting StillTokenized gold gives a holder a blockchain claim on physical bars that an issuer stores in a vault.
Industry participants have told the FCA that uncertainty over whether tokenized gold would fall within the UK’s collective investment scheme (CIS) or alternative investment fund (AIF) rules could hinder its development. Both regimes restrict who can buy them.
Therefore, the regulator says it could work with the Treasury on a targeted exemption from that perimeter. Any carve-out would cover certain gold tokens or gold market infrastructure.
“Unlike shares or debt securities, which are already issued, traded and settled through mature electronic market infrastructures, tokenisation could make a traditionally physical and operationally complex asset easier to divide and transfer across digital markets,” it will say on Monday, according to the FT.
The stakes are national. The World Gold Council puts London’s share of global gold trading volumes near 70%. Meanwhile, China is building a rival bullion hub and chasing the same flows.
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Offshore Issuers Run the Market London WantsBoth leading gold tokens are issued outside the UK perimeter. Tether Gold (XAUT) backs $2.63 billion in distributed asset value, while Pax Gold (PAXG) backs $1.87 billion, according to RWA.xyz.
Activity is climbing on both. Monthly transfer volume reached $3.70 billion for XAUT and $1.61 billion for PAXG, up 10.91% and 14.10% over 30 days.
The FCA believes the move could unlock more of London’s bullion reserves for use as collateral. Meanwhile, the Bank will also consult later this year on whether to allow clearing houses to accept tokenized collateral.
It is also considering adding tokenised assets, including stablecoins, to its Sterling Monetary Framework, which provides funding to financial institutions.
FCA officials say no decisions have been made. Whether an exemption reaches retail buyers or stops at the wholesale desks that pledge collateral remains to be seen.
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Symbiosis po útoku na Bitcoin Bridge získal zpět asi 15 BTC, zatímco nativní BTC trasy zůstávají pozastavené. Útočník mezitím podle Blockaid mintoval asi 46,1 miliardy syBTC, ale prodal jen zhruba 4,39 WBTC za 336 000 USD.
Cross-chain liquidity protocol Symbiosis has recovered approximately 15 BTC after an attacker exploited its Bitcoin Bridge, while its native bitcoin route remains suspended and affected liquidity providers await a compensation plan.
Summary
Symbiosis recovered approximately 15 BTC after an attacker exploited its Bitcoin Bridge on Sept. 11. The protocol offered a 20% bounty for further fund recovery while its native Bitcoin Bridge remains paused. Blockaid said the exploit minted roughly 46.1 billion unbacked syBTC, but the attacker sold only around 4.39 WBTC for $336,000. Bitcoin swaps have resumed through Chainflip and THORChain while Symbiosis prepares a compensation framework for affected liquidity providers. Symbiosis said the security incident occurred on Sept. 11 after an attacker exploited a vulnerability in the Bitcoin Bridge, prompting the protocol to halt its native BTC routes and isolate the affected bridge from the rest of its infrastructure.
Symbiosis experienced a security incident. At approximately 04:28 UTC on Sep 11, 2026, attacker exploited a vulnerability in Bitcoin Bridge. BTC routes have been halted. Other routes remain operational and safe.
Where we stand:
• Only the Bitcoin Bridge was affected, and it is…
— Symbiosis (@symbiosis_fi) September 11, 2026 The recovered bitcoin has been moved to a team-controlled multisig wallet. Symbiosis has not disclosed a final loss figure, saying its accounting work is still underway as it contacts liquidity providers affected by the incident.
The protocol initially offered the attacker a white-hat bounty equal to 20% of the funds if the remaining assets were returned by Sept. 13. Symbiosis said that after the deadline, the same 20% reward would be offered to anyone who provides information that leads to further fund recovery.
Symbiosis Bitcoin Bridge remains paused The exploit was limited to Symbiosis’ native Bitcoin Bridge, according to the protocol, while routes involving EVM networks, TRON and TON continued to operate. Its Octopools product and relayer network remained online during the response.
Bitcoin swaps have since resumed through third-party integrations with Chainflip and THORChain, giving users an alternative route while the protocol keeps its own bridge offline.
Symbiosis has not given a date for restoring the native Bitcoin Bridge. The team has said it is working with security researchers and assessing the final impact before providing further details.
The protocol had processed more than $10 billion in transactions since launching roughly five years ago. DefiLlama data cited in the original report placed its total value locked at around $7 million, while recorded bridge volume stood at approximately $3.19 billion since the data series began.
Attention has since turned to liquidity providers exposed through the Bitcoin route. Symbiosis said affected LPs are being contacted directly and that a compensation framework is under preparation, with eligibility criteria expected to be released separately.
Unbacked syBTC mint reached roughly 46.1 billion tokens Blockchain security firm Blockaid identified a much larger token mint behind the exploit than the amount the attacker was ultimately able to convert into other assets.
According to Blockaid, a call made to Symbiosis’ BridgeV2 contract on BNB Chain resulted in roughly 46.1 billion syBTC being minted and sent to a newly created address.
🚨Community alert: Blockaid detected an ongoing exploit on @symbiosis_fi on BSC.
Signed BridgeV2 receive minted ~2^62 raw syBTC (8 decimals; face value ~46.1B) to a fresh EOA; same beneficiary dumped ~4.39 WBTC on Ethereum Uni V4.
~$336k realized WBTC proceeds so far.
— Blockaid (@blockaid_) September 11, 2026 The unauthorized quantity was more than 2,000 times Bitcoin’s fixed maximum supply of 21 million coins. The figure represented synthetic tokens created through the affected bridge contract, not newly created BTC on the Bitcoin network.
Despite the size of the mint, Blockaid said the apparent attacker was able to sell only around 4.39 WBTC through Uniswap v4 on Ethereum, generating approximately $336,000 in proceeds.
DeFiLlama similarly classified the incident as an “unbacked cross-chain mint” and recorded a loss of around $336,000.
The difference between the number of synthetic tokens created and the funds eventually extracted resembles previous bridge incidents in which attackers gained the ability to create unbacked representations of an asset but faced limits when trying to exchange them for liquid, fully backed assets.
Recent bridge exploits produced similar gaps A separate Bitcoin-linked bridge incident occurred days earlier on Blockstream’s Liquid Network, where an attacker exploited a bug to create approximately 4,000 unbacked L-BTC before redeeming the tokens against bitcoin held by the network.
As crypto.news previously reported, the parties behind the Liquid exploit subsequently returned 3,400 BTC after Blockstream said the affected bridge nodes had been patched. Roughly 598.5 BTC remained outstanding following the recovery.
Blockstream later rejected the attacker’s demand to keep part of the outstanding bitcoin as a bounty.
Another case in April involved Hyperbridge’s cross-chain gateway, where an attacker minted roughly 1 billion unauthorized DOT-equivalent tokens after gaining control through a forged cross-chain message. The attacker ultimately extracted around $237,000, far below the theoretical value of the tokens created.
Hyperbridge subsequently opened a public bug bounty program in May, offering rewards of up to $50,000 for critical vulnerabilities. Its listed scope included cross-chain message spoofing, access-control flaws, state manipulation and other weaknesses that could affect funds or message integrity.
A more recent incident involving The Sandbox produced another large unbacked mint. In August, a cross-chain bridge vulnerability allowed unauthorized SAND to be minted on Base and BNB Smart Chain, while the project said its Ethereum and Polygon deployments were unaffected.
On-chain researchers estimated that approximately 14.75 million Ethereum-backed SAND left the bridge adapter during that incident, with token sales generating roughly $675,000.
Symbiosis prepares compensation framework for LPs Symbiosis has kept the affected Bitcoin Bridge isolated while maintaining its other cross-chain services and using Chainflip and THORChain to support bitcoin swaps.
The project has not disclosed how the recovered 15 BTC will be distributed or whether all affected liquidity providers will qualify for repayment. The final loss amount remains under calculation.
The initial 20% white-hat offer gave the attacker until Sept. 13 to return funds under the bounty arrangement. Symbiosis said the same percentage would subsequently be available to anyone whose information helps recover more assets.
The team said its relayer network continues to operate as it works through the recovery process and prepares the rules for compensating affected liquidity providers.
“We are contacting every affected LP directly,” Symbiosis said. “We are building a compensation framework and will publish the criteria shortly.”
Metaplanet schválila stoprocentně vlastněnou hongkongskou dceřinou společnost s plánovaným kapitálem 1 milion USD pro investice do bitcoinu v asijských hodinách. Firma očekává minimální dopad na konsolidované výsledky za fiskální rok končící 31. prosince 2026.
Metaplanet has approved a wholly owned Hong Kong subsidiary with $1 million in planned capital to manage Bitcoin-linked investments during Asian market hours.
Summary
Metaplanet approved a wholly owned Hong Kong subsidiary with $1 million in planned initial capital. The new unit will execute Bitcoin-related investment strategies and monitor positions during Asian trading hours. Simon Gerovich, Darren Winia and Kelvin Lee will serve as directors of the subsidiary initially. Metaplanet says the Hong Kong operation will complement its existing Miami asset-management company’s capabilities globally. The company expects the subsidiary to have minimal effect on its consolidated 2026 financial results. Metaplanet said in a Sept. 11 disclosure that its board had authorized the creation of Metaplanet Asset Management Asia Limited. The company expects to incorporate the business in Hong Kong during September 2026.
The planned operation will invest client funds and Metaplanet’s own capital across Bitcoin, listed equities, preferred securities, credit products and other liquid instruments. Directors Simon Gerovich, Darren Winia and Kelvin Lee will oversee the new company.
Metaplanet described the subsidiary as an operating platform within Project Nova, its plan to develop financial services tied to Bitcoin. The company expects the unit to handle trading, position monitoring and risk controls when U.S. markets are closed.
Metaplanet Expands Bitcoin-Focused Financial Services Push with New Hong Kong Asset Management Arm
Tokyo-listed Metaplanet (TSE: 3350) announced on Friday that its Board of Directors has approved the creation of a new, wholly owned subsidiary in Hong Kong to serve as its… pic.twitter.com/Zyx2aOWxk9
— Norbert Gehrke (@norbertgehrke) September 14, 2026 Metaplanet’s Hong Kong unit will cover Asian hours Based in Hong Kong, the subsidiary will execute purchases and sales for assets managed by Metaplanet’s investment businesses. Its planned duties include monitoring market conditions and managing positions during the Asian trading day.
The company said its structure would support investment coverage across Asia, the U.S. and Europe. Metaplanet Asset Management Asia will work with the group’s Miami operation, Metaplanet Asset Management, which was established in March 2026.
Miami serves as the group’s central institutional investment hub, while Hong Kong will provide execution and operational support from Asia. Metaplanet described the arrangement as infrastructure for its planned financial-services platform, not a separate change in corporate strategy.
An English reproduction of the company’s filing lists an initial capital contribution of $1 million. Metaplanet will own 100% of the subsidiary.
The disclosure did not provide a launch date for client services, identify initial assets under management or name outside investors. It did not announce that the Hong Kong operation had started managing customer money.
Project Nova turns Bitcoin into a financial-services base Project Nova covers Metaplanet’s efforts to build securities, asset-management and capital-markets businesses around its Bitcoin treasury. The strategy includes credit products, preferred securities and investment structures connected to Bitcoin-focused companies.
During June, Metaplanet agreed to acquire Japanese brokerage Siiibo Securities for 2.1 billion yen. As crypto.news reported, the acquisition gave Metaplanet a licensed Japanese securities platform capable of distributing investment products.
Metaplanet completed the transaction in July and renamed the business Metaplanet Securities. The brokerage holds a Type I Financial Instruments Business registration in Japan, according to company documents cited in the report.
Working with JPYC and tokenization company Progmat, the group began studying Bitcoin-backed digital credit products. In related coverage, the companies said no product launch or commercial terms had been decided.
Possible structures include digital corporate bonds, security tokens and credit instruments supported by Bitcoin collateral. The participants said future products would require technical reviews, internal approvals and discussions with the relevant authorities.
The Hong Kong filing identifies several possible investment categories, including Bitcoin-related perpetual preferred securities, derivatives and structured-product income strategies. Equity and credit investments involving corporate Bitcoin holders could fall within the unit’s mandate.
No specific fund, preferred security or credit product was announced with the subsidiary. Any planned investment remains subject to the operational and regulatory requirements applying to the relevant product and jurisdiction.
Miami and Hong Kong divide Metaplanet operations Metaplanet’s Miami business provides the U.S. side of its institutional investment framework. The Hong Kong company is designed to continue execution, monitoring and risk-management work as Asian markets open.
A separate U.S. transaction announced in August would place 2,100 BTC and $2.5 million into Nasdaq-listed Super League Enterprise. As previously reported, Metaplanet expects to secure a 95.7% stake before accounting for certain existing warrants.
Super League plans to change its name to Superplanet and has proposed the Nasdaq ticker SUPA. Metaplanet would appoint five members of the nine-person board under the announced transaction.
The proposed U.S. company would receive 2,100 BTC at closing and could use the assets to support future financing. Any preferred-share issuance would depend on decisions made after the transaction closes, the companies said.
Gerovich described Superplanet as Metaplanet’s route into U.S. capital markets. The agreement includes a five-year lockup covering common shares issued to Metaplanet through the initial transaction, warrant exercises or preferred-stock conversions.
Metaplanet reported 43,000 BTC in its treasury after buying 2,823 BTC during the second quarter. Gerovich later said the balance remained unchanged following transfers between company-controlled custodial addresses.
Crypto.news reported that 5,014 BTC moved between Metaplanet custodial addresses in August. Gerovich said, “No bitcoin was sold, and our holdings remain 43,000 BTC.”
Incorporation and regulatory steps remain ahead Metaplanet plans to incorporate the Hong Kong subsidiary before the end of September. The filing did not disclose when trading operations would begin or whether the unit had hired employees beyond its three initial directors.
No Hong Kong Securities and Futures Commission license was identified in the announcement. The disclosure did not specify whether the planned activities would operate under a local license, an exemption or another regulated group entity.
Metaplanet said the new subsidiary “is expected to have a minimal impact” on its consolidated results for the fiscal year ending Dec. 31, 2026. The statement remains a management forecast, and the company said it would disclose any material financial effect if one emerges.
The board’s decision came as Metaplanet continued building separate financial operations in Japan and the U.S. It disclosure archive lists the Hong Kong notice alongside recent announcements covering Bitcoin investments, securities operations and changes to its capital structure.
Klienti BlackRock’s iShares Bitcoin Trust (IBIT) stáhli 19,23 mil. USD, což byl největší jednodenní odliv mezi americkými spotovými bitcoinovými ETF. Celá kategorie zároveň vykázala čistý odliv zhruba 13 mil. USD.
BlackRock’s iShares Bitcoin Trust (IBIT) saw clients pull $19.23 million on September 11, making it the largest single-fund redemption of the day across all US spot Bitcoin ETFs. The broader category experienced roughly $13 million in net outflows on the same session, meaning some competing funds actually attracted fresh capital while IBIT bled.
To put the number in perspective: $19.23 million represents roughly 0.03% of IBIT’s total assets under management, which currently exceed $60.6 billion.
What’s actually happening under the hood An important distinction here is that BlackRock isn’t choosing to dump Bitcoin. The company operates as an intermediary. When ETF shareholders decide to redeem their positions, the fund is mechanically obligated to sell the corresponding amount of underlying Bitcoin to generate cash for those departing investors.
The redemptions flow through Coinbase Prime, which serves as IBIT’s custodian. So when you read that “BlackRock sold Bitcoin,” what really happened is that some combination of institutional and retail investors decided to exit their positions, and the fund’s plumbing did what it’s designed to do.
This particular outflow didn’t happen in isolation either. The four trading days from September 8 through September 11 saw approximately $463 million in category-wide outflows across US spot Bitcoin ETFs.
Context: IBIT’s dominance remains unchallenged Since launching in January 2024, IBIT has accumulated roughly $64 billion in cumulative net inflows. IBIT has consistently led the US spot Bitcoin ETF category in both total inflows and assets under management. On strong market days, the fund has attracted hundreds of millions of dollars in a single session.
The fund’s AUM exceeding $60 billion as of mid-September 2026 places it among the largest ETFs in any asset class, not just crypto. For context, most ETFs never reach $1 billion in assets. IBIT blew past that milestone in its first week of trading back in 2024.
Other spot Bitcoin ETFs, including products from Fidelity, ARK Invest, and Bitwise, have carved out their own niches but none have come close to matching IBIT’s scale. BlackRock’s brand recognition among institutional allocators, combined with competitive fee structures, has created a flywheel effect where size begets liquidity, and liquidity begets more size.
The macro backdrop driving redemptions Shifting expectations around Federal Reserve monetary policy have been reshaping how investors think about risk assets broadly. When rate expectations change, institutional investors tend to adjust their portfolio allocations across the board, and Bitcoin, as a higher-volatility component of many portfolios, often gets trimmed first during risk-off rotations.
The oscillation between inflow and outflow periods throughout 2026 follows a pattern attributed to institutional portfolio rebalancing and profit-taking strategies. Smaller spot Bitcoin ETFs with thinner AUM would feel a $19 million outflow much more acutely. For IBIT, it’s a rounding error that happens to make a good headline.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Satsuma získala souhlas High Court ke zrušení více než 11,2 miliardy B akcií, což odblokovalo návrat kapitálu ve výši £30,7 milionu po prodeji všech zveřejněných bitcoinů.
Satsuma Technology has secured High Court approval to cancel more than 11.2 billion B shares, clearing a £30.7 million capital return after the company sold its entire disclosed Bitcoin position.
Summary
Satsuma secured High Court approval to cancel 11.2 billion B shares, clearing a £30.7 million capital return to eligible shareholders. The company sold 669.4867 BTC between July 24 and July 31 for £31.9 million at an average realized price of £47,667 per Bitcoin. Eligible investors are due £0.002734 for each B share, with payments expected through checks, bank transfers or CREST by Sept. 28. Satsuma’s London listing was scheduled for cancellation on Sept. 14 after shareholders approved the capital return and delisting in July. Satsuma said the High Court of Justice approved the cancellation of 11,235,874,700 B shares on Sept. 8, removing the court condition attached to its planned reduction of capital. Eligible shareholders are due £0.002734 for each B share, putting the aggregate payment at £30,718,881.
The B shares were created specifically for the capital return. Investors eligible under the transaction received one B share for every ordinary Satsuma share they held at the record time, allowing the company to cancel the new shares and repay the corresponding capital.
The amount became fixed after Satsuma completed the sale of 669.4867 Bitcoin between July 24 and July 31. The company realized a net volume-weighted average price of £47,667 per BTC, producing £31,912,395 in proceeds from the sale.
Satsuma reported £35,324,953 in cash at the record time, including funds held through its subsidiary. Its final calculation allowed for £2.6 million in estimated transaction and termination expenses while leaving £2 million inside the company as working capital.
When Satsuma announced the figures on Aug. 4, the £30.7 million return and the £0.002734 value assigned to each B share remained conditional on court approval. The Sept. 8 ruling removed that condition, although the company’s announcement did not state that shareholders had already received the money.
Payments are expected to follow later this month. Eligible investors are due to receive checks, bank account payments or CREST credits on or before Sept. 28, according to the company’s settlement timetable.
The court process followed a shareholder vote that had already set the liquidation plan in motion. On July 20, investors approved both the capital return and cancellation of Satsuma’s London listing, with more than 90% of votes cast supporting each proposal.
As crypto.news previously reported, 90.63% of votes supported the return of capital, while 90.59% backed the listing cancellation. The approval allowed the board to begin closing trading activities and liquidating the company’s Bitcoin holdings, but the capital reduction still required High Court approval.
Bitcoin sale followed months of shareholder pressure The July vote ended a dispute over whether Satsuma should continue operating as a listed Bitcoin treasury company or return its assets to investors.
Pressure had surfaced months earlier. In April, Pantera Capital and other shareholders asked Satsuma to sell its Bitcoin and distribute the proceeds after the company’s share price fell heavily.
Pantera held roughly 7% of Satsuma at the time and was among investors pushing for a return of capital. Satsuma then held around 646 BTC worth close to $50 million, while its shares had fallen more than 99% from their June 2025 peak.
The decline left Satsuma’s market value below the value of its Bitcoin holdings. Executive Chairman Ranald McGregor-Smith said at the time that the company had received requests from shareholders and was considering its options.
By June, Satsuma’s circular showed 668 BTC and estimated that a liquidation could leave between roughly £27.7 million and £30.9 million for shareholders depending on warrant exercises, the eventual Bitcoin sale price and transaction costs.
Four of the company’s six directors opposed the shareholder proposal, while two backed it. Investors ultimately approved the return, allowing Satsuma to sell its remaining Bitcoin before seeking the required court order.
Satsuma reverses its 2025 Bitcoin treasury strategy The liquidation came roughly a year after Satsuma had been raising substantial capital to build its Bitcoin position.
Previously known as TAO Alpha, the UK-listed company announced plans in July 2025 to rename itself Satsuma Technology and develop a Bitcoin treasury. The company appointed Mark Moss as chief Bitcoin strategist as part of the Bitcoin treasury plan, with the role focused on working with its board on the treasury operation.
Satsuma expanded the strategy a month later through an oversubscribed convertible note raise. The company secured £163.6 million, worth approximately $218 million at the time, after originally targeting a smaller amount.
Investors including Pantera Capital, Digital Currency Group and Kraken participated alongside traditional institutions. A substantial portion of the financing came directly in Bitcoin, with investors contributing 1,097 BTC instead of cash.
The $218 million fundraising round included approximately $125 million settled in Bitcoin. The convertible notes were structured to convert into equity subject to the required approvals.
Satsuma began reducing its holdings later in 2025. In December, the company sold 579 BTC for net proceeds of roughly £40 million to repay convertible noteholders who had not committed to converting their debt into shares. The transaction left it with 620 BTC before the treasury later increased again.
Shareholder pressure intensified as the company’s stock continued trading below the value of its underlying assets, eventually producing the April request for a capital return and the July vote that authorized the liquidation.
London listing cancellation remains on the timetable With the High Court approving the B-share cancellation, the judicial requirement attached to the capital reduction has been satisfied. Satsuma’s earlier circular said the reduction would become effective once the court order was registered.
The company’s most recently disclosed timetable listed Sept. 11 as the expected final day for dealings in its ordinary shares. Cancellation of its London listing was scheduled for 8 a.m. on Sept. 14, a date retained in Satsuma’s Aug. 4 update.
The cited company updates set out those dates as expected milestones but did not confirm that either the final day of trading or listing cancellation had been completed.
Cash distribution remains scheduled separately from the listing process. Eligible B-share holders are expected to receive the £0.002734-per-share payment through checks, bank transfers or CREST by Sept. 28.
Po hard forku Pasteur se BEP-675 stal dominantní cestou tvorby bloků na BSC a BidBlock V2 nyní v průměru nese o 28 % více gasu na blok. Síť zároveň postupně zvyšuje gas limit nad 55M směrem k 70M.
TL;DRSince the Pasteur hard fork, BEP-675 has quickly become BSC’s dominant block-building path, powering ~98% of blocks in the latest three-day window.BidBlock V2 removes one redundant EVM execution pass before sealing and is averaging 28% more gas per block than Bid V1 under live mainnet traffic.The first Gas Limit increase is now underway; Validators are raising the target to 70M ahead of 15 Sep 2026, and the onchain limit is already climbing past 55M while the network runs above 95% utilization.With the new architecture running on mainnet, BSC is preparing for its next scaling stages toward 70M, 80M, and potentially 90M Gas Limits.The Pasteur hard fork went live on BNB Smart Chain on August 25, 2026 with a clear goal: create more room for BSC to process larger blocks efficiently.
At the center of that upgrade is BEP-675, a new block-building architecture that removes redundant transaction execution from the time-sensitive path before validators seal builder-proposed blocks.
The first mainnet data covering the period through September 1is now in. Within its first week, BEP-675 became BSC’s dominant block-production path, while BidBlock V2 blocks averaged 28% more gas than Bid V1.
That gives us an early look at what Pasteur has already changed under the hood — and the additional scaling headroom it creates for BSC.
What Pasteur Changed in BSC Block ProductionBefore Pasteur, a builder-proposed block could involve three Ethereum Virtual Machine, or EVM, execution passes.
BEP-675 streamlines that process by removing validator-side replay from the pre-seal path.
Block-production step
Before Pasteur
After Pasteur (With BEP-675)
Parent block import
Validator executes
Validator executes
Block construction
Builder executes transactions
Builder executes transactions
Pre-seal validator replay
Validator re-executes transactions
Removed
Post-broadcast verification
Validator imports and verifies block
Validator imports and verifies block
Total EVM execution passes across the builder-driven path
3
2
BEP-675, or Builder-Proposed Block with Validator Blind Signing, introduces the SendBidBlock remote procedure call.
Instead of submitting only a transaction list, builders can send a fully executed BidBlock containing signed user transactions, execution results, system transactions, and optional blob sidecars. Validators can then assemble and seal the block without replaying every user transaction first.
That means less duplicated work and more of each block window available for builders to construct larger blocks.
Verification Remains Part of the ProcessThe efficiency gain comes from changing when full execution verification happens.
Before sealing, validators still verify consensus-derived header fields, check for a non-zero gas fee, sign permitted system transactions, recompute the transaction hash, and control the block’s Extra field.
After broadcast, validators execute the block during local import and verify the state root, receipts root, and blob commitments where applicable.
Bid V1 also remains available as an operational fallback. If a builder encounters an issue with BidBlock V2, it can return to the existing flow with full validator-side simulation before sealing.
So while Pasteur removes one redundant execution pass from the critical block-production window, correctness checks and fallback mechanisms remain in place.
BEP-675 Has Quickly Become the Mainnet StandardAdoption after Pasteur has moved quickly. Across the three-day observation window ending Sep 1:
Block-production path
Share of blocks
BidBlock V2
~98%
Bid V1
2%
Local
0.1%
Hourly adoption of BidBlock V2 reached a peak of 98.3%. Of 49 registered builder instances, 24 had integrated BEP-675.
More importantly, 100% of the 33 builders that were actually active during the observation window.
The builder market remains concentrated, with 48Club and BlockRazor producing 97.8% of blocks over the same three-day period. Their adoption therefore has an outsized effect on how quickly BEP-675 reaches mainnet traffic at scale.
The early signal is strong: BEP-675 has moved from a newly activated protocol path to the primary way builder-proposed blocks are produced on BSC.
Post-Pasteur Blocks Are Packing More GasSince the Pasteur hardfork, the most tangible result so far is visible in block depth. BidBlock V2 is therefore averaging 28% more gas per block than Bid V1.
At the upper end of the distribution, the difference is even more visible: BidBlock V2 reached 43.8M gas at P99 compared with 33.8M for Bid V1.
These figures come from live mainnet traffic rather than a controlled benchmark, so they should be read as observed production performance rather than an isolated measurement of BEP-675 alone. Even with that qualification, the direction is encouraging: the new path is already supporting deeper blocks while operating below BSC’s current 55M Gas Limit.
Mainnet Operation Is Also Strengthening the Safety PathRunning a new architecture on mainnet provides information that test environments cannot fully reproduce. Early monitoring after Pasteur identified 15 malformed BidBlocks, mainly linked to an empty State Root in one builder configuration.
The issue was fixed, additional defensive checks were introduced, and no recurrence appeared during the five-day observation window through September 1. This also demonstrated the value of keeping Bid V1 available. Builders can fall back to the simulation-protected path when necessary while BidBlock V2 adoption continues.
The result is a rollout that can improve through real production feedback without depending on a single block-building path.
What the First Post-Pasteur Data ShowsThe first week of mainnet data gives us two strong signals.
First, BEP-675 adoption has moved quickly enough for BidBlock V2 to become BSC’s primary block-production path.
Second, the architectural change is creating meaningful block headroom. Removing validator-side replay frees more of the block window for builders, and BidBlock V2 is already producing deeper blocks under live traffic. That gives BSC a stronger starting point for the next stage of scaling.
As block capacity increases, the focus progressively shifts to the rest of the pipeline:
Delivery: Larger BidBlocks need to reach validators within bidding deadlines.Synchronization: Larger blocks and receipts need to propagate efficiently between nodes.Execution: Builders and nodes still need to execute and import blocks efficiently as workloads increase.Pasteur removes one major source of duplicated work. The roadmap now builds on that improvement layer by layer.
What Pasteur Means for the BNB Chain EcosystemThe biggest change is inside block production.
Builders can now submit fully executed BidBlocks through SendBidBlock, giving them more of the block window to compete and construct larger blocks.
Validators continue verifying correctness after broadcast through local block execution, preserving an important part of the existing validation process.
For the broader ecosystem, the benefit is additional capacity headroom. Pasteur gives BSC a stronger architecture for increasing Gas Limits as mainnet data shows the network is ready.
From 55M Toward 90M GasBSC entered September at a 55 million Gas Limit, and the increase to 90M is scheduled in three stages:
With BEP-675 now running at scale, attention turns to how BSC can use the additional headroom. The network currently operates at a 55 million Gas Limit.
These are targets rather than guaranteed dates. Each increase will be guided by mainnet evidence, including finality, missed blocks, large-block behavior, cross-region latency, node import time, builder market share, and fallback health.
Building the Infrastructure for Larger BlocksAs Gas Limits rise, other parts of the network need to keep pace. BSC is already working on the infrastructure needed to support those larger blocks.
gRPC and RLPThe current JSON and hexadecimal block-delivery path adds representation and serialization overhead.
Transporting Recursive Length Prefix, or RLP, encoded data over gRPC is designed to reduce that overhead and improve the delivery of larger BidBlocks, particularly at the latency tail.
That gives builders and validators a more efficient transport path as block payloads grow.
eth/70Larger blocks also need to synchronize reliably across the network. The current peer protocol creates an approximate synchronization boundary around 83 million gas because receipts for a block must fit into a single 10 MiB response.
eth/70 allows receipts for one block to span multiple bounded responses, giving nodes a better way to synchronize increasingly large blocks.
Block-Level Access ListsA Block-Level Access List (BAL) can expose state accesses in advance, enabling techniques such as state prefetching, dependency-aware parallel execution, and faster block import.
BEP-675 removes redundant execution. BAL targets greater efficiency in the execution work that remains.
BAL is not currently required for the planned move to 90M gas. Its rollout will depend on testing and production evidence.
What’s NextPasteur is live, BEP-675 has become the dominant block-building path, and the first mainnet results show the additional headroom beginning to translate into deeper blocks.
The next step is to turn that headroom into higher network capacity carefully.
Pasteur removed a major source of redundant work from BSC block production. With BEP-675 now running across the majority of mainnet blocks, BSC has more room to push capacity further, one measured step at a time.
Nu spouští v USA bankovní produkty prostřednictvím Lead Bank a zároveň globální účet, který převádí vklady do USDC nebo EURC. U amerického účtu nabízí 3,50 % APY, u Nu Global 3,50 % na USDC a 2,20 % na EURC.
Nu disclosed the two launches on Sept. 10 through a company release and a corresponding SEC filing.
Summary
Nu has launched U.S. financial products through Lead Bank while its own charter remains preliminary. Nu Global converts customer deposits into USDC or EURC and supports transfers across 35-plus countries. U.S. deposit accounts offer 3.50% APY while Nu’s credit card pays 1.5% unlimited cashback initially. Nu Global advertises 3.50% on USDC balances and 2.20% on EURC balances paid daily currently. OCC approval remains preliminary, requiring FDIC approval, Federal Reserve membership and preopening conditions before launch. Nu has begun rolling out U.S. banking products and a separate global account that converts customer funds into USDC or EURC. Users can register for access, although the company release described both offerings as products that will be released in stages beginning Sept. 10.
The U.S. operation provides deposit accounts, debit cards, credit cards and domestic or international transfers through Lead Bank. Nu Global serves cross-border customers through accounts denominated in USDC and EURC, with transfers available across more than 35 countries.
The two products use different legal structures. Lead Bank, a member of the Federal Deposit Insurance Corporation, provides the banking services behind the U.S. account. Nu Global AG operates through a Swiss regulatory framework and converts deposited funds into stablecoins.
BIG: Latin America’s largest digital bank Nu is launching in the US with a new crypto-focused offering
The US platform will offer a 3.5% yield, cashback, global transfers and crypto trading as Nu expands beyond its Latin American home market. pic.twitter.com/48s7XuUKE6
— crypto.news (@cryptodotnews) September 12, 2026 Nu enters U.S. banking through Lead Bank Nu’s U.S. account pays 3.50% annual percentage yield on available dollar balances. The company says interest is calculated and credited daily, while customers retain immediate access to money placed in designated savings goals.
Deposits are held by Lead Bank and receive FDIC insurance subject to applicable legal limits and eligibility requirements. Nu’s U.S. website states that Nu is a financial technology company, not a bank, while Lead Bank supplies the regulated banking and card services.
A limited-edition metal debit card accompanies the account. Customers can send domestic transfers without a fee, according to Nu, while international transfers will initially cover Brazil, Mexico and Colombia. The company plans to add more countries but has not published a full expansion schedule.
Nu’s Mastercard World Elite credit card carries no annual fee and pays 1.5% unlimited cashback. Customers who meet conditions that have not yet been fully detailed may eventually increase the rate to 2%.
Future account features include a 4.50% APY savings goal capped at $10,000 for customers who pair the deposit account with the credit card and complete qualifying transactions. Since Nu repeatedly uses “soon” for these higher rates, neither the 4.50% yield nor 2% cashback should be treated as available to every customer at launch.
Cristina Junqueira, co-founder and CEO of Nu’s U.S. operation, said the company wants its app to become customers’ primary banking relationship. She claimed that “capturing even a small share of the U.S. market will be transformative for our business,” though Nu has not issued a U.S. customer, deposit or revenue target.
Nu Global converts customer money into stablecoins Nu Global operates separately from the Lead Bank offering. Funds deposited through the global account are converted into Circle-issued USDC or EURC, according to the SEC filing.
USDC balances receive an advertised 3.50% APY, while EURC balances receive 2.20%. Nu says both rates accrue daily. The company has not committed to maintaining either rate for a fixed period.
The account includes a virtual Mastercard for global purchases. Nu says users can spend at competitive exchange rates without an added foreign-exchange markup, subject to the product’s terms and availability in each jurisdiction.
Transfers are initially focused on corridors between Europe and Latin America. Connections with Nu’s systems in Brazil, Colombia, Mexico and the U.S. are planned for later, but the company has not supplied individual launch dates. Customers can hold and trade a limited selection of digital assets through the same app, including Bitcoin and Ethereum. Nu has not published the complete asset list, supported blockchain networks or withdrawal conditions in its announcement.
Nu Global AG is a member of VQF, a self-regulatory organization recognized by the Swiss Financial Market Supervisory Authority. Nu’s website says customer balances are covered by a Swiss bank default guarantee to the extent required by law if Nu Global AG becomes insolvent.
The guarantee is different from FDIC deposit insurance. Nu’s announcement does not identify the guaranteeing bank, state a coverage amount or explain how claims involving changes in stablecoin value would be calculated.
Nu has not identified the source of the advertised USDC and EURC yields in its release or SEC filing. It has not said whether the return comes from issuer rewards, reserve income, lending, treasury assets or a subsidy funded by Nu.
In related coverage, crypto.news reported that yield attached to stablecoins can carry risks outside ordinary bank-deposit protections, depending on which entity produces the return and how customer funds are deployed. Nu has not described its product as a decentralized finance strategy.
Nu’s national bank charter is not yet final Nu applied to establish Nubank, National Association, on Sept. 30, 2025. The Office of the Comptroller of the Currency granted preliminary conditional approval on Jan. 29, 2026.
The OCC letter authorizes Nu to continue organizing the proposed bank. It does not permit Nubank, N.A. to begin banking operations immediately. Before receiving final authorization, the proposed bank must meet the OCC’s preopening conditions, obtain FDIC deposit insurance and apply for stock in a Federal Reserve Bank. The regulator retains authority to modify, suspend or withdraw the preliminary approval.
Nu said in January that it expected to capitalize the bank within 12 months and open it within 18 months, as required by the approval process. Those time frames point to regulatory work continuing into 2027 unless the company completes the requirements earlier.
Once authorized, Nubank, N.A. expects to provide deposits, credit, lending and digital-asset custody. The OCC letter says the proposed bank plans to support customer-directed purchases, sales and on-chain transfers of bank-custodied digital assets, along with staking services.
As crypto.news explained in its review of how OCC national charters govern crypto businesses, conditional approval does not equal authorization to begin operating. Applicants must complete capital, management, compliance and operational requirements before receiving final approval.
Nu is using Lead Bank to enter the market while its own charter remains in the organization stage. Customers opening current U.S. products therefore receive services from the partner bank, not from the proposed Nubank, N.A.
U.S. expansion follows Nu’s Latin American growth Nu reported more than 140 million customers across its existing markets when it announced the new products. The company operates in Brazil, Mexico and Colombia, while its parent, Nu Holdings, has traded on the New York Stock Exchange since 2021.
In Brazil, Nu says it serves more than 60% of the adult population. The company describes itself as Mexico’s largest digital bank and Colombia’s fourth-largest financial institution by deposits. Each ranking comes from Nu’s corporate announcement.
The expansion follows Nu’s previous work with digital assets in Latin America. Its Brazilian crypto platform had more than 7 million customers by March 2026, when the company introduced staking-based rewards for Solana.
Nucoin provided an earlier link between the company’s banking and token products. As crypto.news previously reported, Nubank created Nucoin as a blockchain-based customer rewards asset before adding more conventional crypto trading and stablecoin services.
For its latest reported quarter, Nu said net income exceeded $1 billion and return on equity surpassed 32%. Its announcement did not provide separate spending estimates, customer projections or profitability deadlines for the U.S. and Nu Global businesses.
Access will expand through a staged release. Nu said early U.S. applicants may receive limited-edition metal Mastercard cards, while transfers to more countries, enhanced cashback and the higher savings yield remain scheduled for later releases without firm public dates.
Binance podpoří swap kontraktu USDT na síti Optimism v poměru 1:1. Vklady a výběry přes Optimism budou 17. září 2026 v 02:00 UTC pozastaveny, obchodování zůstane beze změny.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will support the USDT contract swap on the Optimism network. General Deposits and WithdrawalsAt 2026-09-17 02:00 (UTC), deposits and withdrawals of the USDT token via the Optimism network will be suspended. Users should ensure they leave sufficient time for the aforementioned token’s deposits to be fully processed prior to this time. Binance will make a separate announcement to inform users after we resume deposits and withdrawals of the aforementioned token.After the event is complete, old USDT token via the Optimism network will assume the ticker of OPUSDTE respectively.Spot, Margin, Futures trading and Binance Earn services will not be impacted during the contract swap.Binance will handle all technical requirements for users who are involved in this event. Contract Swap This contract swap will be conducted at a ratio of 1:1. New USDT token via Optimism network - USDT0:New Optimism USDTOld USDT token via previous Optimism network - OPUSDTE:Old Optimism USDT Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-09-14
Injective aktivovala na mainnetu upgrade IIP-677 a spustila Injective Mint pro vydávání tokenizovaných akcií a dluhopisů v souladu s regulací. Změnu schválilo 72 % držitelů tokenů INJ.
Injective, the Layer 1 blockchain built specifically for decentralized finance, has activated its IIP-677 mainnet upgrade to version 1.20.3. The upgrade went live on July 29, 2026, after clearing governance with a 72% approval rate from token holders.
The centerpiece of the release is Injective Mint, a new tool designed to let issuers create tokenized equities and bonds that comply with SEC regulations.
What the upgrade actually does The IIP-677 upgrade touches several layers of the Injective stack. Cross-chain interoperability gets a boost, block times are reduced, and staking mechanics for INJ, the network’s native token, have been optimized. The upgrade also opens new revenue streams for the protocol itself.
Injective Mint is the most consequential piece. The platform enables compliant issuance of tokenized securities, backed by an SEC Transfer Agent filing and a MiCA compliance whitepaper. That dual regulatory posture covers both US and European frameworks.
INJ itself continues to serve multiple roles across the ecosystem: gas fees, staking rewards, governance voting, and a monthly community buyback-and-burn mechanism that reduces circulating supply over time.
The Vulcan prelude The Vulcan upgrade went live on June 9, 2026, setting the stage for IIP-677. That earlier release reduced transaction fees, introduced canonical USDC support, meaning native Circle-issued USDC rather than bridged versions, and launched new RWA-specific trading markets.
Canonical USDC matters more than it sounds. Bridged stablecoins carry smart contract risk from whatever bridge they crossed. Native USDC eliminates that intermediary, making the asset functionally identical to what you’d hold on Ethereum or Solana.
RWA traction by the numbers Injective reports over $6.8B in cumulative RWA trading volume across various asset classes as of mid-2026, with approximately $1.1B in represented tokenized asset value sitting on the platform.
Why compliance is the competitive moat Injective’s bet is that compliance will be the differentiator. Filing with the SEC as a Transfer Agent and producing a MiCA whitepaper are not trivial steps. They require legal infrastructure, ongoing reporting obligations, and a willingness to operate within frameworks that many crypto projects actively avoid.
The governance approval rate tells its own story. A 72% yes vote is comfortable but not unanimous, suggesting genuine deliberation among INJ holders rather than a rubber-stamp process.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Archax se integroval s Aptos a přináší na blockchain více než 100 regulovaných tokenizovaných cenných papírů a reálných aktiv (RWA). Prvním produktem je MCM Fund I.
Archax, the first FCA-regulated digital securities exchange, broker, and custodian, has integrated with the Aptos blockchain to bring more than 100 regulated tokenized securities and real-world assets onchain.
The first product out of the gate is the MembersCap Tokenized Global Reinsurance Income Fund, known as MCM Fund I, with the Aptos Foundation itself serving as general partner. After that, Archax plans to tokenize additional financial instruments including funds, equities, and debt securities on the Aptos network.
Why this matters for Aptos Before this integration, the network already hosted tokenized products from heavy hitters like BlackRock and Franklin Templeton, with nearly $1 billion in RWA-backed assets under management across the chain’s institutional partners.
Adding Archax to that roster is less about raw dollar figures and more about infrastructure. Archax provides the regulated plumbing that institutional investors require before they’ll touch anything onchain: brokerage services, custody, and a compliant exchange.
Archax’s regulatory playbook Archax’s FCA license has always been its calling card. In a market where most tokenization platforms operate in regulatory gray zones, Archax can point to explicit authorization from one of the world’s most respected financial regulators.
Subsequent developments have seen Archax pursue US market access through a broker-dealer license obtained via tZERO infrastructure. That expansion effectively makes Archax a transatlantic bridge for tokenized securities, capable of serving both European and American institutional clients.
Aptos also partnered with Vertalo and tZERO to enhance its regulatory capabilities, creating a layered compliance architecture that gives issuers multiple options for meeting their jurisdictional requirements.
The RWA race is getting crowded BlackRock’s BUIDL fund, which tokenizes US Treasury exposure, has become something of a proof of concept for the entire sector. Franklin Templeton has been running a tokenized money market fund for years.
The pipeline of 100-plus assets also suggests this isn’t a one-off marketing partnership. Tokenizing a single fund is a press release. Committing to triple-digit asset counts across multiple instrument types, including funds, equities, and debt, is a business strategy.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Trump jednal s poradci o etických otázkách kolem CLARITY Act před úterním cloture hlasováním v Senátu. Bez dohody hrozí, že klíčová kryptoregulace zůstane zaseknutá.
Summary Trump met advisers Friday to negotiate the CLARITY Act’s ethics language. The Senate holds a cloture vote Tuesday that needs sixty votes. Democrats want to bar officials from profiting on crypto, which directly touches the Trump family’s World Liberty Financial holdings. If cloture fails, US crypto oversight stays with agency rulemaking rather than statute through at least 2029. President Donald Trump pulled his advisers together on Friday, September 11, to work through the ethics language stalling the Digital Asset Market Clarity Act, four days before the Senate decides whether to open floor debate on the bill. Politico first reported the closed-door session, citing two people familiar with the talks, and neither the White House nor the negotiators said what came out of the room. That single clause is the one provision standing between the crypto industry’s top legislative priority and a vote Republicans cannot win alone.
By Sunday, no new text had circulated. Trump’s crypto policy adviser Patrick Witt struck an upbeat note the next day, writing that it was a “Bad day to be a Clarity Act doomer.” He did not say what had changed. With the Senate back on Monday, members have one working day before they take a public position.
One paragraph of ethics text is stalling a 630-page bill Lawmakers settled most of the CLARITY Act months ago. What remains open is a conflict-of-interest provision aimed at officials who profit from digital assets, and it describes the sitting president with uncomfortable precision. Trump earlier accepted a version brokered by Senator Cynthia Lummis, but Senate Democrats and at least one Republican, Thom Tillis, called it too weak to earn their votes. Tillis has warned that the bill collapses without a White House deal. The current draft bars officials and their spouses from issuing tokens, yet it lets them hold crypto personally, exempts their children, and expires in 2029.
The Trump family collects 75% of WLFI sale proceeds The family launched World Liberty Financial in September 2024, with Donald Trump Jr., Eric Trump, and Barron Trump as its web3 ambassadors. The venture runs a governance token, WLFI, and a dollar-pegged stablecoin, USD1, backed by Treasuries and custodied by BitGo. Under the project’s own disclosures, an entity tied to Trump and family members takes 75% of WLFI sale proceeds after reserves, and the family holds billions of tokens directly. Trump reported more than $1 billion in crypto income for 2025, including roughly $515 million from WLFI sales. Warren said the draft does nothing to stop him from “vacuuming up his next $1.4 billion in crypto profits.”
$1B+
Trump crypto income, 2025
75%
family share of WLFI sale proceeds
-89%
WLFI price from its peak
82% → 16%
odds of 2026 passage, Feb to Aug
The token has punished outside buyers, trading below $0.06 while early investors stay locked out of most of their holdings. In August, the Office of the Comptroller of the Currency gave a World Liberty affiliate preliminary approval to pursue a national trust bank charter, which would tie the family’s finances to a federally regulated bank for the first time.
CLARITY splits crypto between the SEC and the CFTC Strip out the politics and the bill draws the line the two agencies have fought over for a decade. A maturity test decides which side a token lands on: the network must be fully operational, no single entity can control more than 20% of supply or voting power, and founders can hold no unilateral upgrade authority. Clear that bar and a token moves from securities law to commodities law, which changes its compliance bill sharply.
Which regulator gets a token depends on one test
A token graduates from securities law to commodities law once its network is live, no single holder controls more than 20% of supply or votes, and founders hold no unilateral upgrade power.
PASSES THE TEST → CFTC
Digital commodities. The CFTC takes exclusive authority over spot and cash-market trading.
FAILS THE TEST → SEC
Investment contract assets. The SEC keeps oversight until the network decentralizes.
Payment stablecoins sit in a shared SEC-CFTC category, with core rules already set by the GENIUS Act.
Cloture needs 60 votes, and Republicans hold 53 Tuesday’s vote is cloture on whether to begin debate, not on final passage. The arithmetic still bites. Republicans need at least seven Democrats, and the likeliest crossovers tied their support to stronger ethics text that never arrived over the recess. The House showed this coalition can hold when the ethics fight is quiet, passing the bill 294 to 134 in July 2025 with 78 Democrats aboard. The Senate Banking Committee cleared its version 15 to 9 in May. The floor is where the personal stakes turn explicit, and where Ruben Gallego is drafting a compromise nobody has endorsed.
CLOTURE MATH
60 to proceed · 53 Republican · 7+ Democrats needed
Rand Paul (R) · firm no
Josh Hawley (R) · firm no
Thom Tillis (R) · conditional
7 pro-crypto Democrats · undecided
Kirsten Gillibrand (D) · hard line on ethics
Disclosure without divestment leaves the conflict intact The administration’s offered compromise leans on transparency. Officials would report their crypto holdings rather than sell them. Watchdogs argue that disclosure does little when the assets are liquid and volatile, because knowing what a president owns does not stop those tokens from moving on the policies he signs. Warren’s committee staff found the provisions riddled with loopholes and noted that enforcement would fall to a Justice Department he appoints. Transparency International reached the same verdict. Friday’s meeting did not visibly close that gap.
A failed vote hands crypto to agency rulebooks until 2029 Prediction markets have priced in the difficulty, with Polymarket odds of 2026 passage sliding from 82% in February to roughly 16% by late August and Galaxy Digital cutting its estimate near 10%. A failed cloture vote would end the bill’s year and leave the industry under regulation by enforcement, with the SEC, CFTC, and OCC each writing pieces of the rulebook on their own terms. The SEC has already proposed exempting certain token offerings from securities registration. That is why the case that crypto regulation could advance even if CLARITY stalls has gained traction among executives who would rather have a statute but expect to work without one. Europe’s MiCA regime is already live and licensing firms, and a prolonged US stalemate hands that ground abroad.
A calendar problem waits beyond Tuesday that the vote counts rarely mention. The House has canceled its later September voting weeks and turned toward the midterm campaign, so even a Senate substitute would need identical House text or a lame-duck session after the November 3 elections to reach the president’s desk. Tuesday reads less as a finish line than as a signal of whether a 2026 deal is still mathematically alive.
The XRP Ledger Foundation’s director of community, Hussein Zangana (known as Vet), has drawn attention to a new record set on the XRP Ledger’s network. Vet reported on X that the ledger processed 2,768 transactions within a single ledger, marking a milestone for network performance.
Network performance highlightedVet emphasized that the XRP Ledger network handled the surge effortlessly, highlighting its fast transaction speeds and low fees compared to other public blockchains. These features, Vet stated, make the XRP Ledger attractive for organizations seeking scalable solutions for institutional use.
Recent activity included multiple ledgers processing over 2,000 transactions each at close intervals. Vet described the transaction frequency as “impressive,” noting that the network maintained consensus and closed each ledger in just 3.8 seconds.
“Too slow, there is a new XRP single-ledger transaction high score: 2,768 transactions in one ledger, got eaten like NicNac’s,” Vet wrote.
An image shared by Vet demonstrated the system’s ability to handle this increased load effectively, with stable consensus and rapid ledger closures.
Breakdown of recent transaction patternsThe majority of these transactions were identified as 1-drop transactions, circulating among 20 accounts using a ring structure. Vet explained that these transactions appear to be part of “layers of probing” involving automated bots interacting with the network simultaneously.
He addressed node operators directly, advising them to consider increasing the message size limits of their websocket transaction subscription connections. This suggestion came after reports of 1008 policy errors when nodes attempt to pull high volumes of data.
Vet suggested, “You might need to increase the message size limits of your websocket tx subscription connection if you get 1008 policy errors pulling from your node.”
Vet also commented that understanding the motivations behind these probing transactions could be of interest to those monitoring network activity.
Future innovations for identity and protocol enhancementsIn a separate post, Vet predicted growing demand for Zero Knowledge Identity solutions on the XRP Ledger. He pointed to upcoming amendments such as Credentials (XLS-70) and decentralized identity (XLS-40) as key developments. Vet noted that confidential identity is likely to be a significant feature beyond the traditional utility of moving money and value across the blockchain.
Mini dictionary: XLS-70 and XLS-40, proposed amendments for the XRP Ledger, introduce credential management and decentralized identity functionalities. XLS-70 provides a framework for verifiable credentials, while XLS-40 enables identity verification on-chain in a privacy-preserving manner.
A confidential identity proposal is now being discussed as a potential upcoming addition to the ledger’s functionality, with implications for privacy-focused blockchain innovation.
Protocol hardening and new amendmentIn another significant development, the fixCleanup3_3_0 amendment recently went live on the XRP Ledger. This protocol upgrade focuses on improving core features such as Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned decentralized exchange (DEX), Checks, and pseudo-accounts.
Mini dictionary: Single Asset Vaults, AMMs, and permissioned DEX are XRP Ledger features for asset storage, automated trading, and regulated exchange capabilities designed to enhance the security, flexibility, and regulatory compliance of on-chain financial activities.
The collection of fixes introduced with fixCleanup3_3_0 is intended to strengthen the network’s resilience and operational efficiency across various key systems.
Chainflip has lost 736,442.17 USDT through six unauthorized payouts after an attacker exploited its handling of TRON transaction memos.
Summary
Chainflip reported 736,442.17 USDT lost through six unauthorized payouts tied to its TRON integration exploit. Attackers repeated the same deposit eight times within approximately ninety minutes using altered transaction memos. One pending swap worth 115,654.41 USDT remains unpaid, while its funds stay inside Chainflip’s vault. Chainflip finalized a fix but said operations would remain paused until Monday at the earliest. The protocol promised compensation, although its final reimbursement method and technical report remain pending publicly. Chainflip said in a Sept. 13 incident update that the attack targeted its TRON USDT integration during the early hours of Sept. 12. The cross-chain protocol paused operations while its developers investigated the transactions and prepared a fix.
One legitimate user swap worth 115,654.41 USDT remains unpaid. Chainflip said the funds are still held in its vault and can be released after the network restarts. The protocol reported that no other funds were affected.
The loss figure and attack sequence represent Chainflip’s current findings. No independent security assessment confirming the full account had been published as of Sept. 13.
An update on yesterday's exploit affecting Tron USDT.
736,442.17 USDT was taken. All other funds are unaffected and secure, and impacted users will be made whole.
The network stays paused while we finalise the fix and the restart plan.
Full update: https://t.co/LTWSqLBOn3
— CHAINFLIP (@Chainflip) September 13, 2026 Chainflip’s TRON USDT integration paid deposits twice Chainflip uses transaction memos to read swap instructions attached to TRON transfers. On most other supported blockchains, the protocol receives instructions through dedicated contract functions.
According to the incident report, the attacker found a way to attach a new memo to a transaction that Chainflip validators had already signed. Chainflip’s systems interpreted the added memo as a separate swap instruction. When the new instruction appeared to fail, the protocol issued a refund.
The original deposit had already produced a payout. Processing the altered memo therefore caused Chainflip to pay against the same deposit for a second time.
Chainflip attributed the flaw to its own processing of TRON transaction memos. The protocol did not report a compromise of the TRON blockchain, the USDT smart contract or Tether’s reserve system.
The attacker repeated the method eight times during a period of roughly 90 minutes. Chainflip said the early attempts used small amounts. Each later attempt was close to twice the size of the one before it.
Only six attempts produced unauthorized payouts totaling 736,442.17 USDT. The protocol did not publish individual transaction hashes, destination wallet addresses or a breakdown of the six payments in its preliminary report.
Failed USDT payouts exposed the attack Chainflip detected the incident after subsequent USDT payments began failing. Developers then traced the failures to the repeated processing of deposits through altered memos.
The protocol suspended network activity as it examined whether the weakness could affect other assets or integrations. Its preliminary review found that the exploit was limited to TRON USDT and that the remaining vault funds were secure.
Chainflip has described the incident as its first critical security event involving money taken from protocol vaults. Earlier operational problems had not caused a comparable loss from those vaults, according to the project.
The network pause prevents swaps from being completed while developers prepare the restart. Chainflip has not reported a separate loss for users whose transactions were interrupted by the shutdown.
Emergency suspensions have been used by other blockchain services while developers isolate security failures. In related coverage, crypto.news reported that Liquid Network resumed block production after an emergency update, while transfers and peg operations remained restricted following a reported $320 million withdrawal.
Chainflip has not identified a connection between the two incidents. The Liquid Network report concerns a separate Bitcoin sidechain and a different technical system.
Chainflip prepares repayments and asset recovery Chainflip said affected users would be made whole, although the protocol had not selected or published its reimbursement method by Sept. 13. The team said several options remained under review.The unpaid 115,654.41 USDT transaction is not counted among the six unauthorized payouts. Its funds remain in the vault, and Chainflip expects to process the swap after operations resume.
Meanwhile, the protocol has notified relevant parties about the stolen funds in an effort to track or recover the proceeds as they move between addresses and services. Chainflip did not name the parties, disclose whether the attacker used centralized exchanges or confirm that any USDT had been frozen.
Tether can freeze addresses holding its tokens when acting under applicable legal or enforcement processes. As crypto.news reported in separate coverage, Tether helped U.S. authorities restrain more than $52 million in cryptocurrency during an unrelated Justice Department action.
No public statement from Tether or TRON concerning the Chainflip attack had been identified by the time of publication. Chainflip’s notice did not say whether either organization was helping trace the funds.
The protocol plans to begin covering user losses after it restarts safely. Its preliminary statement did not set a payment date or explain whether compensation would come from treasury assets, insurance or another source.
Monday restart depends on the technical rollout Chainflip said the underlying fix had been completed, but developers still needed to settle the exact restart procedure. The network would remain paused “until Monday at the earliest,” making Sept. 14 the earliest possible restoration date instead of a confirmed launch time.
Before reopening, the team plans to finalize a technical restart plan designed to avoid further processing problems. Chainflip has not disclosed whether validators will need new software, a coordinated upgrade or a governance vote.
Once the system resumes, the protocol expects to process the pending 115,654.41 USDT swap and begin handling compensation for users whose funds were paid to the attacker.
A complete technical report will follow after the restart plan is locked down and the network is operating securely, Chainflip said. The protocol has not announced a publication deadline for that report.
CEO Circle Jeremy Allaire označil Aerodrome za aplikaci s nejvyšším objemem převodů USDC mezi sledovanými krypto aplikacemi. Podle Coin Metrics tvoří na Base zhruba 50 % upraveného objemu převodů USDC v době špičky.
When the CEO of the company that issues USDC tells you a specific protocol is moving more of his stablecoin than anyone else, it’s worth paying attention. Circle’s Jeremy Allaire singled out Aerodrome, the dominant decentralized exchange on Coinbase’s Base network, as the application responsible for the highest USDC transfer volume among tracked crypto apps.
Allaire’s remarks, captured in a video shared by Aerodrome’s official social media account, put a spotlight on a protocol that has quietly become the plumbing beneath an enormous share of on-chain stablecoin activity.
The numbers behind Aerodrome’s USDC dominance Aerodrome’s influence on USDC flows isn’t a rounding error. According to Coin Metrics data, the platform accounts for approximately 50% of Base’s USDC adjusted transfer volume during peak periods. One concentrated liquidity pool in particular, the WETH/USDC pair, is responsible for roughly 32% of adjusted transfer volumes across Base’s entire USDC activity.
USDC adjusted transfer volumes have cumulatively reached tens of trillions of dollars in 2026. Much of this volume is driven by DeFi mechanics: liquidity provider rebalancing, concentrated liquidity management, and MEV (miner extractable value) activity.
How Aerodrome became Base’s liquidity backbone Aerodrome launched as a fork of Velodrome, itself a descendant of Solidly, the DEX model pioneered by Andre Cronje. The core innovation is a vote-escrow tokenomics system where liquidity providers earn AERO, the protocol’s native token, and token holders can lock their AERO to direct emissions toward specific pools.
In practice, this creates a flywheel. Protocols that want deep liquidity for their tokens bribe AERO voters to direct rewards toward their pools. More rewards attract more liquidity providers. Deeper liquidity attracts more trading volume. More volume generates more fees, which makes AERO more valuable, which attracts more voters.
Aerodrome has also rolled out matching incentive programs designed to attract more USDC liquidity into its pools.
What Circle’s endorsement signals for DeFi Jeremy Allaire publicly acknowledging a DeFi protocol as his stablecoin’s top transfer venue is notable for reasons beyond marketing. Circle has spent years cultivating relationships with traditional financial institutions, regulators, and payment companies. For its CEO to highlight a permissionless DEX as the leading USDC application reflects how far decentralized infrastructure has come in absorbing real financial activity.
For Base specifically, the concentration of USDC activity in Aerodrome means that any technical failure, exploit, or governance dispute at Aerodrome could ripple across the entire network’s liquidity landscape, given that a single protocol drives half of the chain’s stablecoin flows during peak periods.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Harmony navrhuje ukončit vlastní Layer 1 a přesunout ONE na Ethereum pro AI video projekt. Validátoři by mohli přestat provozovat uzly 7:00 pacifického času 10. září 2026.
Harmony has formally proposed shutting down its independent Layer 1 blockchain and moving its native ONE token onto Ethereum. In a September 6 post, the project said pressure from state-backed attackers and AI agents had become too severe to keep operating a standalone network.
Mainnet went live in 2019.
After years of patches, incidents, and community effort, the team now argues it is time to retire the chain entirely.
The announcement is framed as a non-binding proposal.
Harmony did not name a final block height or confirm that validator governance will vote under existing rules. Still, the operational calendar is specific.
Validators may stop running nodes from 7 a.m. Pacific Time on September 10, 2026.
The team said it would cover the emission-reward gap between each node’s last produced block and the network’s last block.
A separate one-time pool of $1.372 million would go to validators and their delegators who shut down on schedule, sign an agreement, keep their stakes, and take “governor” roles in the successor project.
Payments would be split across four quarters.
Harmony said that figure matches network-wide rewards issued in the year before the August 11 incident.
Validators are also being invited to stay as governors, become AI-video operators, or work as affiliates.
Token migration is designed to require little from ordinary holders.
At the final block, Harmony would snapshot ONE in wallets, staking delegations, validator rewards, smart contracts, and centralized exchanges.
New ERC-20 ONE would then be airdropped to the same addresses on Ethereum.
No claim process is planned. Delegated stakes and unclaimed rewards would go to individual governor vaults.
Total supply and the emission rate would stay the same; future issuance would fund the new product, subject to governor input.
https://t.co/BfoN0OnpvX
— Harmony (@harmonyprotocol) September 6, 2026
The team said it would publish the ERC-20 contract, vault contract, snapshot math, and airdrop scripts for audit.Some assets cannot move.
Multisig safes, liquidity pools, and other on-chain applications are excluded. Users have been told to leave those contracts before September 10.
The successor product is branded “The Remix Economy for AI Video.”
Harmony’s public account already uses that line in its bio.
The model is built around open prompts and source material that fans can fork. AI agents would then expand each remix into more clips.
In year one, Harmony said it would subsidize operator GPU costs and aim for up to $1 million in combined operator revenue, tied to staking and uptime.
Affiliates would earn a recurring 30 percent commission on $10 monthly subscriptions sold through referrals.
Advertising, the team has suggested elsewhere, could scale if the audience grows large enough.
The timing matters. In mid-August an exploit forged a huge quantity of unauthorized ONE.
Harmony first prepared a rollback that would have discarded more than 100,000 transactions.
Weeks later, the conversation has shifted from repairing the chain to ending it as a sovereign Layer 1 and rebuilding on Ethereum around AI video.
For holders, the practical next step is leaving contracts that will not migrate.
For validators, it is deciding whether to shut down on the stated date and accept the governor path. The proposal itself is still only a proposal. Execution, exchange listings, and community consent remain open questions.
GMEx na Solaně dává traderům nepřetržitou cenovou expozici na GameStop, ale nejde o vlastnictví akcií GME ani o hlasovací práva. O víkendu se jeho cena může odchýlit od posledního uzavření Nasdaq.
13 September 2026 | 16:03 GMEx gives Solana traders continuous exposure to GameStop’s price, but the token’s legal structure means buying it differs from owning GameStop stock through a broker.
Key Takeaways GMEx provides price exposure, not GME ownership. Weekend price gaps can persist until reopening. GMEx holders have no GameStop voting rights. Dividend effects are rebased, not paid cash. Issuer redemption is limited to eligible clients. Volume does not show available exit liquidity. GMEx lets Solana traders buy or sell GameStop-linked exposure at any hour. Yet the Backed-issued token neither represents GME common stock nor places its owner on GameStop’s shareholder register.
xStocks said GMEx is now available for round-the-clock trading on Solana decentralised exchanges. The token can give crypto users a way to trade a GameStop price view when Nasdaq is closed, but its legal structure determines what that access does, and does not, provide.
The ticker that launched a thousand memes, tokenized.
GameStop $GMEx is live on @Solana.
Trading 24/7 across DEXs. https://t.co/QJx47Bk5QE
— xStocks (@xStocksFi) September 12, 2026
GMEx extends GameStop price exposure beyond Nasdaq hours Nasdaq trading in GameStop shares follows a set market schedule. GMEx can trade whenever a Solana market has liquidity, including weekends, holidays and after the US session has ended.
Backed’s GMEx product record describes it as a tracker certificate issued as a Solana SPL token and an ERC-20 token on EVM-compatible networks. Its aim is to track GameStop’s share price. The token is backed through the issuer’s collateral structure, but it remains a separate financial instrument rather than a GameStop share.
A weekend GMEx quote can differ from GameStop’s last close When Nasdaq is shut, no new conventional GME share price is being set. GMEx may still move as Solana traders react to news, adjust positions or trade through a relatively thin liquidity pool. Its price can therefore sit above or below GameStop’s final Nasdaq price from Friday.
How GMEx pricing changes with Nasdaq hours
When Nasdaq is open
What sets the GMEx priceDEX trading alongside a live GME market
What may narrow a gapEligible issuance or redemption activity, if the price difference is large enough to cover costs
When Nasdaq is closed
What sets the GMEx priceOnchain supply, demand and traders’ expectations
What may narrow a gapThere is no live GME market, so a price gap may remain until regular US trading returns
There is no automatic correction between a weekend GMEx quote and GameStop’s next opening price. Once US trading resumes, eligible issuers and redeemers may compare GMEx with GME and use available issuance or redemption routes if the gap exceeds their costs. Ordinary DEX holders cannot assume they have access to those routes.
GMEx tracks GME’s value but carries no voting rights xStocks’ legal overview classifies its products as bearer debt instruments structured as tracker certificates. They provide economic exposure to the underlying equity but do not confer shareholder voting rights.
A GMEx holder has a claim under Backed’s certificate structure, not direct legal ownership of the GameStop shares held in custody. That is why a token holder should not expect to vote at GameStop shareholder meetings or receive company communications in the way a conventional shareholder would.
GMEx vs. GameStop shares
What is owned?
GMEx holderA tracker certificate
GME shareholderGameStop common stock
Can the holder vote?
GMEx holderNo GameStop voting rights
GME shareholderGenerally yes, subject to record-date rules
How are dividends handled?
GMEx holderRebased into the token exposure
GME shareholderPaid or reinvested through the brokerage account
What records ownership?
GMEx holderWallet ownership of the certificate
GME shareholderShareholder or broker records
If an underlying company pays a dividend, xStocks says it reinvests the amount, net of applicable taxes, into additional units of the same asset. The token then reflects that adjustment through a rebasing mechanism. On Solana, the displayed balance uses a multiplier to show the revised exposure, rather than sending a conventional cash dividend into the holder’s wallet.
Selling on a DEX is different from redeeming with Backed A GMEx holder can sell on a decentralised exchange if there is a willing buyer and sufficient pool liquidity. That is a secondary-market trade. Holding GMEx in a wallet does not automatically give its owner access to issuer redemption.
Two ways a holder may exit
Sell GMEx on a Solana DEX
Depends on pool liquidity and available buyers. The execution price can differ from GME, particularly outside US market hours.
Use an issuer redemption route
Requires eligibility and can involve onboarding. It is a mechanism for converting the certificate exposure, not an automatic feature of every wallet.
xStocks says eligible direct clients may issue or redeem through the issuer’s platform. Its in-kind xPort route requires onboarding with both Backed and brokerage provider Alpaca.
Users should check whether xStocks is offered in their jurisdiction before buying. The product is not intended for US persons or other prohibited jurisdictions, and onchain transferability does not override the issuer’s distribution restrictions.
Backed lists no current management fee for GMEx, while reserving the right to introduce one of up to 0.25% a year. Issuance and redemption can each cost up to 0.50%. A price gap between GMEx and GME does not automatically create an arbitrage opportunity: an eligible participant must still cover the spread, network costs and any issuance or redemption charge.
First-day volume does not show exit liquidity Solana Compass reported about $1.75 million in GMEx volume during the first 24 hours after listing, with 35,686 trades, 10,506 traders and 16,230 holders.
Those figures record active trading, but they do not show how much GMEx a holder can sell near the displayed price. The holder count refers to wallets rather than verified individual investors, and it does not reveal how much GMEx each wallet owns. A market can register many small trades while offering limited liquidity for a larger exit.
Anyone considering a trade should check the pool’s available liquidity, bid-ask spread and expected price impact. The broader market also matters: Solana’s tokenised-stock activity has expanded, but headline volume is not a substitute for testing whether a specific token can be bought or sold efficiently.
Continuous trading is useful only if the link holds GMEx’s appeal is straightforward: it lets crypto markets express a GameStop view outside exchange hours. The harder question is whether its price remains close enough to GME for that access to be useful when liquidity is thin.
The first US market sessions after a weekend offer an early comparison, but several market cycles will be more informative. Consistent collateral disclosure, functioning redemption routes for eligible users and sufficient DEX liquidity will matter more than the fact that the token can trade on a Sunday.
This article is provided for informational purposes only and does not constitute investment advice.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Solana za 24 hodin generuje zhruba 16,9× vyšší výnosy z decentralizovaných aplikací než Base: asi 5,14 milionu USD oproti 304 tisícům USD. Rozdíl se dál zvětšuje.
Solana’s decentralized applications are generating nearly 17 times the revenue of those on Base over the same 24-hour window. According to DeFiLlama, Solana racked up roughly $5.14 million in app revenue compared to Base’s approximately $304,000, a ratio of 16.9 to 1.
The numbers behind Solana’s lead DeFiLlama’s app revenue metric specifically tracks fees generated by decentralized applications, things like DEXs, launchpads, and trading platforms. It deliberately excludes base-layer fees, which means this comparison isolates how well each chain’s apps are monetizing their users.
On that measure, Solana has been dominant throughout 2026. Monthly app revenue hit $91 million in May, then climbed to $143 million by August. That’s a roughly 57% increase over three months, driven largely by trading platforms and token launchpads that have made Solana their home.
Base has consistently ranked below Solana and other leading chains like Ethereum in daily app revenue. Its transaction volumes have shown some life at various points, but the chain hasn’t converted that activity into meaningful fee retention at the application layer.
Why the gap exists Solana’s high throughput has attracted a concentration of high-frequency trading apps and meme coin launchpads that generate substantial fees per user session. Base entered the picture with strong backing from Coinbase and genuine excitement about Ethereum Layer-2 scaling, but having a well-known parent company and low transaction costs hasn’t automatically translated into application-layer revenue.
What this means for each ecosystem The trajectory from $91 million in monthly app revenue in May to $143 million in August suggests accelerating adoption. For SOL token holders, higher app revenue generally correlates with increased network utilization, which drives demand for the native token.
The 16.9x gap also has implications for the broader Layer-1 versus Layer-2 debate. Proponents of monolithic chains like Solana have long argued that keeping everything on a single high-performance layer creates better conditions for app monetization, and this data point supports that position.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews, September 13 news. According to Token Unlocks data, tokens such as ZRO, ARB, and BR will undergo large unlocks next week, including:
LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7:00 PM Beijing time on September 20, with a ratio to circulating supply of about 4.22%, valued at approximately $26 million;
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 PM Beijing time on September 16, with a ratio to circulating supply of about 1.59%, valued at approximately $12.7 million;
Bedrock (BR) will unlock approximately 40.63 million tokens at 8:00 AM Beijing time on September 20, with a ratio to circulating supply of about 18.68%, valued at approximately $10.4 million;
YZY (YZY) will unlock approximately 29.17 million tokens at 11:00 AM Beijing time on September 15, with a ratio to circulating supply of about 4.49%, valued at approximately $8.4 million;
Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on September 15, with a ratio to circulating supply of about 3.48%, valued at approximately $3.6 million;
Lista DAO (LISTA) will unlock approximately 33.44 million tokens at 5:00 PM Beijing time on September 20, with a ratio to circulating supply of about 5.18%, valued at approximately $2.6 million;
Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 PM Beijing time on September 15, with a ratio to circulating supply of about 0.86%, valued at approximately $2.5 million.
Aster DEX has added perpetual futures contracts for Lisk (LSK) and Power Ledger (POWR) to its trading roster, offering traders up to 5x leverage on both pairs. The platform announced the listings on September 13, 2026, continuing its pattern of rapid altcoin expansion across its derivatives marketplace.
For context on scale: Aster reportedly runs between 558 and 590 perpetual markets and adds over 40 new markets every month. LSK and POWR are the latest additions to a catalogue that already spans major crypto assets, tokenized equities, and commodities, all settled in USDT-margined contracts.
What traders are actually getting The 5x leverage cap on these listings is deliberate. Aster applies that ceiling to lower-cap altcoins as a risk management measure, reserving higher leverage for more liquid, established assets.
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Both LSK and POWR already have spot market presence across various exchanges, so the perpetual listings give traders a way to express directional views, or hedge existing positions, without touching spot markets. The POWERUSDT market on Aster had already been trading with 5x leverage prior to this announcement, which suggests demand for POWR derivatives existed before the formal listing.
No open interest or volume figures for the newly launched LSK and POWR contracts were publicly available at launch.
Lisk’s complicated moment The timing of the LSK listing is worth noting. Lisk’s mainnet is scheduled to shut down on October 31, 2026, roughly six weeks after this perpetual contract went live. Post-shutdown, LSK transitions into a loyalty and rewards token operating primarily on the Ethereum and Base blockchains.
Power Ledger operates in a different corner of the crypto landscape. The project focuses on peer-to-peer energy trading and real-world energy marketplace solutions, giving POWR a use-case narrative tied to physical infrastructure rather than pure speculation.
The bigger picture at Aster DEX Aster’s growth strategy is essentially the opposite of selective. Rather than curating a small number of high-liquidity pairs, the platform lists aggressively and lets trading activity sort out which markets gain traction. The community-driven listing framework it uses, called AOS-2, gives the model a governance layer, though the practical result is a catalogue that expands at a pace most centralized exchanges would consider impractical.
LSK and POWR, as established tokens with existing spot markets, are better positioned than typical meme coin listings to attract genuine two-sided interest.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP se stále častěji používá jako kolaterál pro institucionální úvěrové linky, včetně Ripple Prime. Na Binance zároveň zaznamenal 11. září největší jednodenní souhrnný příliv a odliv za šest měsíců, s 91,2 milionu USD přílivu a 113,9 milionu USD odlivu.
Ripple’s footprint across institutional finance kept expanding this week, from XRP being adopted as collateral for institutional credit lines to a new seat at the table with the City of London’s tokenization initiative. Here’s everything worth knowing from the past seven days.
XRP Emerges as Institutional Collateral
XRP is increasingly being used as collateral for institutional credit lines, a development enabled by the XLS-65/66 lending protocol now live on the XRP Ledger. Ripple Prime already accepts XRP as eligible collateral alongside Bitcoin, RLUSD, fiat currency, gold and treasuries.
Adding to that momentum, a September 8 SEC filing from Charles Schwab revealed that XRP ETFs are now being used as repo collateral, with usage reportedly growing quickly, a signal of deepening institutional trust barely a year after Ripple’s SEC litigation concluded.
Ripple Joins UK’s Tokenization Push
The City of London has allegedly named Ripple among 54 firms partnering with the UK’s Wholesale Digital Markets Champion over the next 12 months to help scale tokenization adoption and establish clearer regulatory, legal and tax frameworks. The relationship isn’t new. Ripple completed a proof-of-concept with the Bank of England back in 2017 and has spent years providing input on digital asset regulation in the region. The company also secured an EMI license and FCA approval in 2026, allowing it to operate across the UK.
A New Face at RippleX
Ripple has hired Brian Beck, previously of Google and PayPal, to lead developer relations and ecosystem growth at RippleX. His role centers on helping developers turn the XRP Ledger into products that businesses and consumers actually use day to day.
Evernorth’s Nasdaq Debut Brings a Massive XRP Stake
Evernorth is expected to hold at least 473 million XRP once it lists on Nasdaq, making it the first publicly traded company built entirely around a mission of increasing XRP’s value.
A 2018 Brussels Meeting Resurfaces
A photo circulating this week shows former Ripple executive Dan Morgan seated alongside senior European Parliament and European Commission policymakers, along with DTCC’s global policy lead, at a 2018 meeting in Brussels discussing the future of finance, a reminder that Ripple’s presence in European regulatory circles goes back years.
Heavy Trading Activity on Binance
XRP recorded its largest single-day combined inflow and outflow on Binance in six months on September 11, with $91.2 million moving in and $113.9 million moving out, while exchange reserves barely shifted. Experts described the activity as supply being reshuffled rather than any clear directional move, with funding rates cooling and liquidations occurring on both sides of the market.
Where Price Stands
XRP is trading near $1.36 after sweeping liquidity around the $1.34 level, a pattern some analysts say mirrors August’s setup, when XRP swept liquidity near $1.00 shortly before rallying to $1.62.
Story Ends Here
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Ripple uvedl, že RLUSD bude krytý hotovostí a krátkodobými americkými státními dluhopisy pod chartou NYDFS. Rezervy má spravovat BNY Mellon a měsíčně je ověřovat CPA.
Ripple has released a comprehensive breakdown of the regulatory, legal, and custodial framework backing RLUSD, its upcoming US dollar stablecoin. The company outlined the specific structures put in place to ensure transparency, oversight, and compliance with regulatory standards.
Ripple defines “regulated” for RLUSDRipple clarified that not all forms of regulation for stablecoins are equal, pointing out that issuers may comply with either a money transmitter license, a state trust charter, or federal prudential supervision. These options come with varying requirements for reserves, independent verification, and failure management.
Company representatives explained that RLUSD is structured under a limited-purpose trust charter, features segregated reserves, and is subject to independent CPA reviews on a monthly basis. Ripple said these arrangements reflect a stricter interpretation of what “regulated” means in the context of stablecoins.
The company also referenced a conditional approval from federal authorities, adding a second layer of supervision to the arrangement. This step is designed to bolster confidence among institutional partners and regulators.
Ripple’s approach aims to distinguish RLUSD from other stablecoins by emphasizing concrete legal and supervisory mechanisms instead of broad regulatory claims.
Analyst highlights reserves, NYDFS charter, and BNY Mellon’s roleCrypto market observer Xaif Crypto reviewed Ripple’s disclosures and focused on the practical aspects of RLUSD’s reserves. He noted that RLUSD is anchored by a New York Department of Financial Services (NYDFS) trust charter, a regulatory framework known for rigorous standards.
Xaif Crypto specified that RLUSD’s reserves are held in a combination of cash and short-term US Treasury bills. This composition is intended to minimize risk and preserve stability for the holders of the token.
A key element is the involvement of Bank of New York Mellon, one of the world’s largest custodian banks, which is responsible for holding RLUSD’s reserves. By entrusting BNY Mellon with this task, Ripple claims to separate the assets backing RLUSD from its own operating funds.
Xaif Crypto also mentioned Ripple’s conditional approval from the Office of the Comptroller of the Currency (OCC) for the establishment of a national trust bank, adding another dimension to Ripple’s regulatory roadmap.
Mini dictionary: NYDFS (New York Department of Financial Services) issues charters and oversees banking, insurance, and financial services in the State of New York, playing a significant role in regulating digital assets and trust companies.
ElementRLUSD FeatureRegulatory LicenseNYDFS limited-purpose trust charterReserve AssetsCash, U.S. Treasury billsCustodianBank of New York MellonFederal OversightConditional OCC approval for national trust bankIndependent ReviewMonthly CPA attestations Ripple’s structure for RLUSD includes segregated reserves in cash and Treasury bills under a NYDFS trust charter, independent monthly attestations, and custodianship by Bank of New York Mellon, distinguishing it from stablecoins with less transparent or robust regulatory backing.
Regulatory structure and compliance remain centralRipple maintains that robust oversight is at the core of RLUSD’s design. The company repeatedly stressed the value of segregated reserves, transparent attestation, and clear custodial relationships to create a reliable and compliant stablecoin offering.
Analysts and company statements continue to focus on the significance of combining state and federal supervision, institutional-grade custody, and regular audits to support the coin’s credibility. This multi-layered approach is a key message both in Ripple’s communications and in commentary from crypto market participants.
XRP se drží v pásmu 1,35–1,37 USD a naráží na odpor na úrovni 1,40 USD. Zároveň bylo spuštění ETF fondů Roundhill i Teucrium posunuto na 11. října 2026.
Key Highlights XRP currently trades in the $1.35–$1.37 range, unable to break the crucial $1.40 resistance Roundhill’s XRP Covered Call ETF launch postponed until October 11, 2026 Teucrium’s 2x Short Daily XRP ETF also delayed to October 11 XRP ETF products manage $1.45 billion in total assets with no net inflows recorded on September 11 Network transactions on XRP Ledger plummeted more than 55%, signaling declining user engagement As of mid-September, XRP remains confined to a narrow trading corridor between $1.35 and $1.37, struggling to overcome the stubborn $1.40 ceiling that has repeatedly rejected upward attempts. The digital asset continues to oscillate within a defined range, with $1.30 acting as a floor and $1.40 serving as the upper boundary, leaving traders without a decisive directional move.
XRP Price Technical indicators paint a mixed picture. The Relative Strength Index on the daily timeframe registers approximately 51.7, trailing its signal average of 58.2. Meanwhile, on the four-hour chart, the MACD line recently crossed above its signal counterpart, though both indicators remain in negative territory. This configuration suggests that selling momentum hasn’t completely dissipated.
During August, XRP mounted an impressive rally, surging from the $1.00 level to beyond $1.50, momentarily touching $1.70. However, since reaching those peaks, the cryptocurrency has repeatedly failed to recapture the $1.45–$1.50 territory and has been establishing progressively lower peaks in recent sessions.
$XRP WAVE 3 LOADING… 🔥
Price is trapped between yellow support and orange resistance, A confirmed breakout will unlock the ballistic phase.
Defend $1.33–$1.29 → projected road to $10.11 –$18.22.
THIS MOVE WILL BE MASSIVE. 💥📈@DefendDark ℹ️ pic.twitter.com/PXMXPaG0I0
— XRP Update (@XrpUdate) September 12, 2026
Regulatory Approval Timeline Extends to Fall Roundhill Investments has extended the launch timeline for its XRP Covered Call ETF until October 11, 2026. This investment vehicle aims to blend direct XRP exposure with a covered call options framework designed to produce regular income, targeting investors seeking yield generation over speculative price appreciation.
Cryptocurrency market observer Xaif Crypto weighed in on this postponement, highlighting that Roundhill’s revised timeline coincides with the Teucrium 2x Short Daily XRP ETF’s target date. “Wall Street isn’t just buying XRP anymore, they’re building whole strategies around it,” the analyst wrote.
📄 SEC filing alert:
Listed Funds Trust just delayed the effectiveness of the Teucrium 2x Short Daily XRP ETF to October 11, 2026.
A 2x SHORT XRP ETF is literally in the pipeline. Institutions aren't just betting up on XRP they're building tools to bet against it too.
Listed Funds Trust similarly postponed its Teucrium 2x Short Daily XRP ETF to the same October 11 date. This leveraged product takes an inverse position, aiming to deliver profits when XRP experiences daily price declines — representing a contrarian approach compared to Roundhill’s yield-focused strategy.
These postponements shouldn’t be interpreted as regulatory denials. Both financial products remain under review, advancing through standard compliance procedures, with market participants anticipating final documentation before the October target window.
XRP Ledger Usage Experiences Significant Decline Data from SoSoValue indicates that XRP exchange-traded funds saw no net capital inflows on September 11. The five currently listed XRP ETF products collectively hold $1.45 billion in assets under management, representing 1.70% of XRP’s total market capitalization. Bitwise maintains the dominant position with $499.49 million in managed assets.
Activity metrics across the XRP Ledger reveal a concerning contraction. Overall transaction volume decreased 55.6% to 1.2 million operations, while confirmed successful transactions fell 59.5% to approximately 970,200. The count of distinct active addresses declined 42.3% to 126,200 participants.
Despite these usage declines, the underlying blockchain infrastructure continues functioning without technical issues, maintaining ledger closing times around 3.84 seconds. The weakness appears concentrated in participant engagement rather than network capabilities or performance.
Critical price support for XRP lies within the $1.33 to $1.36 corridor. A sustained breakdown below this zone would likely expose the $1.28 level, followed by the $1.25–$1.28 moving average convergence area. Conversely, a successful recapture of $1.45 would indicate a short-term momentum shift favoring buyers.
Šéfka produktu RippleX Jazzi Cooper označila použití XRP jako zástavy pro institucionální úvěry za „killer use case“. Podporuje to úvěrový protokol XLS-65 a XLS-66, který je už na XRP Ledger v provozu.
RippleX Head of Product Jazzi Cooper made a bold declaration this week. Using XRP as collateral for institutional credit, she said, represents a genuine “killer use case” for the token.
Responding directly on X, Cooper confirmed the framing. She noted it is fully enabled by the XLS-65 and XLS-66 lending protocol, now live on the XRP Ledger.
Yes – XRP as collateral for institutional credit is a killer use case (and supported by xls65/66 lending protocol!)
— Jazzi Cooper (@jazzicoop) September 11, 2026
What the Lending Protocol Actually UnlocksThe declaration marks a shift beyond XRP’s traditional role in cross-border payments. Market makers and institutional traders can post XRP as collateral to secure credit lines without liquidating their positions.
The protocol introduces native fixed-term, fixed-rate lending through Single Asset Vaults. That structure, in turn, lets institutions treat XRP as productive working capital. Institutions still retain full control over underwriting and compliance decisions off-chain.
Commentator Bill Morgan expanded on the significance. He noted the use case was not even possible before the SEC lawsuit against Ripple concluded. It only became viable, in other words, once the lending protocol launched on XRPL.
Morgan pointed to Ripple Prime, which already accepts XRP as eligible collateral alongside Bitcoin, RLUSD, fiat, gold, and treasuries.
A September 8 SEC filing from Charles Schwab adds further evidence of institutional uptake. The filing shows XRP ETFs are increasingly used as repo collateral, with usage growing rapidly.
Infrastructure and Momentum Continue Building — Will XRP Price React?Development keeps advancing on schedule. XRPL validators confirmed that Lending Protocol v1.1 will ship with XRPL version 3.4.0 next week, bringing fixes and improvements to Single Asset Vaults. The official amendment tracker currently lists the update as in development.
Institutional partners are already positioning around the infrastructure. Clearpool has originated more than $930 million in institutional loans, while Cicada Partners has underwritten over $860 million, giving the ecosystem a combined track record of nearly $1.8 billion ready for deployment on XRPL.
RLUSD’s market cap, near $2.42 billion, adds a complementary layer of liquidity to that setup. As these native credit rails mature, XRP is transitioning from a pure bridge asset into a core institutional collateral instrument, precisely the utility Cooper described.
At the time of writing, XRP trades near $1.37. Technical analyst Crypto Patel argues bulls face one clear task: reclaiming the $1.55 resistance level to avoid a deeper retracement.
$XRP Bulls Have One Job: Reclaim $1.55 Or Risk A Deep Retracement #XRP is sitting at a critical HTF inflection point. The multi-year downtrend has already broken, but price is now consolidating below the key $1.55 resistance.
Bullish confirmation: Weekly close above $1.55 →… pic.twitter.com/p53MUYzi3S
— Crypto Patel (@CryptoPatel) September 11, 2026
A weekly close above that level would open a path toward $2 and eventually the $3.66 all-time high, according to Patel’s analysis. Failure to break higher could send the price back toward the $0.70-$0.95 demand zone.
Ripple se spojil se SettleMint, aby bankám nabídl jednotnou infrastrukturu pro úschovu, emisi, soulad s předpisy a vypořádání tokenizovaných aktiv. Integrace je už aktivní v Asii.
Ripple is seeking to simplify the transition of banks and financial institutions to blockchain technology by integrating its services with SettleMint, a platform specializing in digital asset lifecycle management. The initiative aims to provide banks with a unified solution for custody, issuance, compliance, settlement, and servicing, addressing the challenge of managing multiple technology vendors.
Integrated banking infrastructureRipple’s partnership with SettleMint, launched earlier this month and already active in Asia, allows institutions to operate all key asset management functions within a single technology stack. This integration removes the need for banks to coordinate various providers for custody, compliance, issuance, and settlement, offering a more streamlined procurement model.
Under the collaboration, Ripple Custody delivers institutional-grade asset security and governance, while SettleMint’s Digital Asset Lifecycle Platform manages the full lifecycle of tokenized assets across issuance, transfer, and servicing.
Mini dictionary: SettleMint is a technology company providing a platform that helps organizations deploy blockchain-based applications, focusing on digital asset lifecycle management for financial institutions.
Boston Consulting Group estimates that the total value of digital real-world assets may reach $88 trillion by 2035, potentially accounting for 16% of global investable assets in an optimistic scenario. According to BCG, banks could see up to 15% of their revenue and 30% of profits at risk if value continues shifting toward digital-asset competitors.
MetricEstimateReference YearDigital real-world assets market size$88 trillion2035% of global investable assets16%2035 (aggressive scenario)Banks’ revenue at risk15%2035Banks’ profits at risk30%2035 As tokenization shifts toward mainstream banking, Ripple is focusing on delivering complete infrastructure covering custody, issuance, compliance, and settlement in anticipation of a massive $88 trillion opportunity.
Implications for institutions and XRP investorsRipple’s strategy is to expand beyond offering a single cryptocurrency product by building out a full institutional infrastructure. The company has also developed capital markets capabilities, investing in platforms such as ZILO and Licuido to support transfer agency, collateral management, and issuance services.
Importantly, current details regarding SettleMint’s partnership confirm that participating banks are not required to use XRP, the XRP Ledger (XRPL), or RLUSD. No specific client, blockchain network, transaction figures, or tokenized assets have been publicly identified.
Ripple continues to differentiate between its broader institutional offerings and direct demand for XRP. While the partnership strengthens Ripple’s position in institutional finance by providing banks with options for custody, payments, stablecoin infrastructure, and tokenization, it does not guarantee an immediate increase in XRP usage.
Ripple’s integration with SettleMint expands its presence in banking while remaining separate from direct XRP adoption. The next major development will be if a named financial institution begins using the combined system in actual operations, including public disclosure of settlement assets and transaction volumes.
The focus now shifts to seeing a leading financial institution publicly implement the entire Ripple-SettleMint stack and share details on the underlying blockchain and asset flows.
Lisk (LSK) v neděli vyskočil o více než 500 % nad 2 USD, ale během několika hodin většinu zisků odevzdal a obchoduje se kolem 0,80 USD. Za den došlo k likvidacím za 41,13 milionu USD, z toho 7,44 milionu USD na shortech.
Lisk (LSK) climbed above $2 on Sunday, a gain of more than 900% from its August floor. On Sunday alone, it soared by over 500% before surrendering most of that within hours and now trades near $0.80.
The round trip made LSK the single largest liquidation event in crypto over 24 hours. Traders positioned on both sides of the move were forced out.
Lisk (LSK) Price Performance. Source: TradingViewShort Sellers Paid for the LSK Price SpikeCoinglass recorded $41.13 million in LSK liquidations across the day. Shorts accounted for $33.68 million of that total, against $7.44 million in longs.
That four-to-one split points to forced buying rather than fresh demand. Short sellers betting on a decline had to repurchase the token as it rose. Each repurchase lifted the price further.
Open interest, meaning the value of outstanding futures positions, reached roughly $42 million against $501 million in daily futures turnover. Spot order books were far thinner. LSK’s current price and volume show it holding near $0.81, still up more than 300% on the day.
Lisk Liquidations. Source: CoinglassBeInCrypto flagged the conditions in July, when Binance added LSK to its Monitoring Tag, a delisting risk warning label applied to unusually volatile listings.
The Burn Traders Bought Has Not Been ApprovedMost of the positioning traces back to August 25, when Lisk said it would shut down its blockchain on October 31 and rebuild as a stablecoin payments service for company finance teams.
That plan carries a proposal to destroy 100 million LSK held in the treasury, cutting maximum supply by a quarter. Token holders have not yet voted on it.
LSK continues as a loyalty token on Ethereum and Base. Anyone still holding on the old chain must bridge out before the deadline.
Important: users holding funds on Lisk Chain must bridge to Ethereum before its closure on October 31st.
The withdrawal takes ∼8 days.
Unlocking and unstaking adds another 3-day waiting period.
Lisk stakers can now unlock their staked LSK, with no penalty (link in bio). pic.twitter.com/QKX1fFZWf0
— Lisk (@Lisk) September 10, 2026
The token remains more than 97% below its 2018 peak, and whether Sunday’s bid survives the vote is the question the next three weeks will answer.
Ripple has facilitated significant transfers of its stablecoin RLUSD across both the XRP Ledger and Ethereum networks as the asset’s market capitalization approaches $2.4 billion.
RLUSD Mint and Burn Activity IncreasesThe Ripple Stablecoin Tracker recently identified a mint of precisely 14,394,224 RLUSD at the RLUSD Treasury on the XRP Ledger. This mint followed the burning of 10 million RLUSD on the same ledger. Shortly after, another 15 million RLUSD was removed from the RLUSD supply on Ethereum.
Combined, these three transactions accounted for $39.4 million in RLUSD-related activity in just a few days. Such mint-and-burn cycles reflect Ripple’s management of its stablecoin issuance and treasury liquidity, rather than a direct increase in circulating supply. The company does not publicly disclose details about the origin or specific purpose of each transaction supporting RLUSD movement.
The series of RLUSD mint and burn transactions on both XRP Ledger and Ethereum represented approximately $39.4 million within a short period, highlighting Ripple’s dynamic treasury management approach.
As of the latest figures, Ethereum held about $1.38 billion worth of RLUSD, while the XRP Ledger carried approximately $1.03 billion. This created a difference of roughly $350 million between the two networks, with recent activity showing RLUSD increasingly shifting toward Ethereum.
NetworkRLUSD SupplyEthereum$1.38 billionXRP Ledger$1.03 billionAlthough the new RLUSD mint on the XRP Ledger narrowed this gap slightly, Ethereum continues to hold the majority of RLUSD’s supply. Ongoing treasury transactions on both blockchains indicate active liquidity management from Ripple as market conditions evolve.
The market capitalization of RLUSD stood close to $2.40 billion as of September 11, up from roughly $2.26 billion at the beginning of the month. Daily trading volume registered approximately $114 million, demonstrating RLUSD’s growing presence in stablecoin markets.
Ripple Advances Regulatory Compliance and Institutional UseThis period of treasury activity followed Ripple’s release of a new guide for institutional clients, spotlighting RLUSD’s regulatory framework. Ripple, a technology company specializing in enterprise blockchain solutions and digital payments, highlighted in its materials that RLUSD is fully backed 1:1 by cash and approved cash equivalents, with assets held in segregated reserves. The company says institutions can directly mint and redeem RLUSD through Ripple Mint and benefit from redemption rights and oversight under established regulations.
Ripple’s recent messaging underscores its ambitions for RLUSD as a central component in payments, tokenization, lending, and custody services aimed at financial institutions. These compliance-focused efforts reflect the broader push among major stablecoin issuers to differentiate themselves as regulatory scrutiny intensifies worldwide.
Still, Ripple’s team has clarified that treasury minting reflects internal liquidity needs rather than direct retail or institutional demand. Data from August showed that roughly $449.3 million of RLUSD was minted on the XRP Ledger over a 30-day period, while about $448.9 million was burned within the same timeframe, resulting in an almost exact turnover of supply.
The company’s approach to stablecoin management involves frequent adjustments to ensure sufficient market liquidity and a balance between XRPL and Ethereum-based reserves, as RLUSD continues being adopted for institutional applications.
Mini dictionary: RLUSD is Ripple’s US dollar-backed stablecoin, managed across the XRP Ledger and Ethereum networks. It aims to provide high liquidity and regulatory compliance for institutional finance, allowing minting and redemption on multiple chains.
While retail traders were watching Chainlink’s price slide from around $13 to the $11.50 range, the biggest wallets on the network were doing what they tend to do best: buying other people’s panic.
On-chain data shows whales accumulated roughly 10.36 million LINK, valued at approximately $120 million, following a 17% correction in the token’s price. The buying spree came alongside a series of institutional milestones that paint an interesting picture of where smart money thinks LINK is headed.
The whale playbook in action LINK pulled back from local highs near $13 to trade around $11.50 by mid-September 2026, a decline of roughly 5-6% on the week and closer to 17% from its recent peak.
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Not all whale activity pointed in the same direction, though. One tracked wallet deposited 2.41 million LINK, worth about $26 million, to Coinbase over the prior month. Those tokens had originally been accumulated via Binance, and moving them to an exchange typically signals potential selling intent. That’s roughly a quarter of what the broader whale cohort was buying during the same period.
Chainlink’s own strategic reserve joined the buying. The reserve added 91,100 LINK, valued at around $1.06 million, bringing its total holdings to approximately 5.86 million LINK, or about $67 million at current prices. Over the past month alone, the reserve accumulated 511,000 LINK.
Institutional appetite remains strong The Grayscale GLNK ETF and Bitwise both experienced inflows and direct LINK purchases, reinforcing that the interest from larger, regulated players hasn’t cooled off despite the price volatility.
Chainlink recently crossed $30 trillion in cumulative transaction value enabled across its network. The network’s Cross-Chain Interoperability Protocol, known as CCIP, saw a 260% spike in transaction volume in recent weeks.
What the correction reveals about LINK’s market structure Traders watching LINK should pay attention to whether the whale wallets that accumulated during this correction begin moving tokens to exchanges in the coming weeks. The Coinbase deposit from the single whale wallet, the one that moved 2.41 million LINK, is worth monitoring as a potential source of overhead resistance. But set against $120 million in fresh accumulation, even a full liquidation of that position would represent a relatively manageable headwind.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap za posledních 30 dní zpracovala objem 70,6 miliardy USD a předčila PancakeSwap, BisonFi i Meteora dohromady. UNI zároveň vzrostl o 4,55 % na 6,39 USD.
TLDR: Uniswap price rose 4.55% to $6.39 as the protocol reported $70.6 billion in 30-day trades, exceeding PancakeSwap, BisonFi, and Meteora combined. Robinhood Chain supplied about $26 billion of the monthly total, ahead of Ethereum at roughly $23 billion, concentrating activity in two networks. StablePair Hook launched on v4 with USDC/USDG and USDC/USDT pools, varying fees as prices drift from reference rates and using Dutch auctions for corrections. UNI faces $6.45–$6.50 resistance and $6.30 support; a close below $6.10 shifts focus toward the $5.82 retracement level before the Fed decision. Uniswap price traded near $6.40 in 24 hours on September 13 as Bitcoin and the broader crypto market traded nearly flat. The move focused attention on Uniswap’s DEX lead, stablecoin liquidity tools, and fee-related UNI mechanics. Uniswap said it processed more than $70 billion during the previous 30 days.
That total exceeded the combined activity of PancakeSwap, BisonFi, and Meteora. The reported $70.6 billion figure was 38% above Uniswap’s $51.1 billion monthly average from January through July. Traders watched StablePair Hook and governance discussions around UNI burns. These developments put Uniswap price levels under scrutiny.
Uniswap Price Follows $70B DEX Volume Lead and UNI Burns Uniswap DEX volume reached $70.6 billion over the latest 30-day period, Crypto Briefing reported. Robinhood Chain contributed roughly $26 billion, its largest reported source of activity. Ethereum followed with about $23 billion, while Base, BSC, and Arbitrum supplied the remaining share. Robinhood could choose another provider or build an AMM.
PancakeSwap processed $29.8 billion during the same period. BisonFi handled $8.9 billion, while Meteora posted roughly $5.9 billion. Together, those three venues recorded about $44.6 billion. Raydium reported $5.9 billion in DEX volume.
Uniswap’s cumulative DEX volume is near $3.7 trillion since its 2018 launch. Cumulative fees were about $5.1 billion in early August. The exchange recorded 28.9 million swaps during a single late-August week. It also reported recent USDC activity above the combined volume of other decentralized exchanges.
The Uniswap price gain overlaps with renewed attention to fee-switch tokenomics. Market discussion links revenue-based burn mechanisms to UNI supply. A reported September 4 UNI burn exceeded $1 million, with Robinhood Chain activity driving most volume. One tracked wallet doubled its UNI balance to 595,000 tokens.
Those observations do not identify wallet ownership or prove a direct cause for the gain. Uniswap price trades above the $6.30 daily pivot after reaching $6.39.
Uniswap price meets immediate resistance between $6.45 and $6.50, combining the 23.6% Fibonacci level and seven-day moving average. A close above $6.50 would strengthen recovery momentum.
A drop below $6.10 could expose $5.82, the 38.2% retracement level. A weekly chart analyst identified a rounding-bottom breakout.
StablePair Hook Changes Stablecoin Fees on Uniswap v4 Uniswap Labs launched StablePair Hook on September 10 with USDC/USDG and USDC/USDT pools on Ethereum mainnet. The v4 design adjusts pool fees as prices drift from a reference rate. Within a narrow band, it quotes a fixed bid-ask spread. It targets stablecoin markets, where small deviations create repeated arbitrage opportunities.
Outside the band, swaps that push a price farther from parity pay no fee. Corrective swaps enter a Dutch auction, beginning at a higher fee that falls each block. The design routes more pricing value to liquidity providers. Static fees can leave that spread for arbitrage traders.
Uniswap Labs said stablecoin-to-stablecoin swaps reached $43.4 billion during the second quarter. It said the total exceeded the next three onchain venues combined. StablePair Hook is upgradeable through Uniswap Governance. Governance can alter fee logic and pool parameters without forcing provider migration.
StablePair Hook joins DualPool, Permissioned Pools, and LitePSM in the v4 hook ecosystem. Liquidity providers can move positions into the listed stablecoin pools. Traders can use the pools through the Uniswap web app and wallet. The design ties market-making terms to measured drift rather than a fixed permanent fee.
The Federal Reserve announces its rate decision on September 16, the next broad macro event for UNI. Policy expectations can influence risk appetite across digital assets and decentralized finance. A daily Uniswap price close above $6.50 would validate the recovery structure. A close below $6.10 would refocus the chart on $5.82.
Uniswap has processed more than $70 billion in trading volume over the past month, exceeding the combined volume attributed to the next three decentralized exchanges in its cited ranking.
Summary
Uniswap processed more than $70B in decentralized exchange volume during the latest monthly period measured. The protocol said its volume exceeded the combined total of the next three DEXs ranked. DeFiLlama data attributes roughly $32B to Uniswap v3 and nearly $38B to v4 activity recently. Uniswap operates across multiple blockchains, allowing traders to swap assets through automated liquidity pools directly. UNI traded near $6.21 after falling roughly 2% during the latest market session tracked globally. Uniswap said on Sept. 13 that the comparison came from DeFiLlama Research, describing the result as evidence that a large portion of decentralized spot trading continues to pass through its protocol.
The claim covers activity across multiple versions of Uniswap and the blockchains where its smart contracts operate. It does not represent revenue earned by Uniswap Labs or the market value of the UNI governance token.
Current DeFiLlama data supports a monthly total above $70 billion when the tracked volumes for Uniswap v2, v3 and v4 are combined. Since the figures update continuously, exact totals can change as older trading days leave the 30-day measurement period and new activity enters it.
Uniswap v4 and v3 account for most of the volume DeFiLlama’s Uniswap v4 page showed close to $38 billion in trading volume over the preceding 30 days when accessed on Sept. 13. The analytics platform attributed roughly $32 billion to Uniswap v3 during a similar period.
Uniswap v2 contributed more than $1.2 billion, placing the combined figure for the three versions above the $70 billion level cited by the protocol. Smaller deployments or differences in update timing can produce slight variations between the version-level sum and Uniswap’s published figure.
Volume represents the dollar value of swaps processed by the protocol. It does not show how much profit traders made, how much liquidity providers retained or how much revenue reached UNI holders. Each trade can generate fees for liquidity providers, while selected pools direct part of their fees to the protocol under governance-approved settings.
Uniswap v3 remains active because it lets liquidity providers concentrate capital within chosen price ranges. Version 4 uses a shared contract architecture and programmable hooks, which developers can use to add customized pool functions.
Recent v4 growth has moved the newer version ahead of v3 in the current monthly snapshot. The data does not establish that every trader has migrated to v4 because the two versions continue to serve different pools, assets and integrations.
Uniswap volume spans dozens of blockchain networks Uniswap’s total covers deployments across Ethereum and numerous scaling networks. DeFiLlama lists v3 contracts on more than 40 chains, with Ethereum representing the largest portion of the version’s locked liquidity.
Activity from Base, Arbitrum, BNB Chain, Polygon, OP Mainnet and Robinhood Chain contributes to the combined protocol figures. Each deployment processes swaps through its own pools, while analytics providers group the results under the Uniswap protocol.
Robinhood Chain has recently become one source of Uniswap activity. As crypto.news reported, the network reached approximately $945 million in daily DEX volume on Aug. 25, with Uniswap serving as its main public automated market maker.
DeFiLlama’s Sept. 13 snapshot showed Robinhood Chain processing roughly $1.35 billion in total DEX volume over 24 hours and $12.19 billion during seven days. Uniswap accounted for approximately $262 million of the chain’s daily volume and close to $4 billion of its seven-day total at the time of measurement.
Uniswap Labs launched v2, v3, v4 and UniswapX on Robinhood Chain in July. The integration placed the protocol in the Uniswap web application, wallet and API from the network’s first day of public operation.
On Ethereum, DeFiLlama recorded approximately $681 million in total DEX trading over the latest 24-hour period and $8.5 billion over seven days. Uniswap competes there with Curve, PancakeSwap, SushiSwap and other automated exchanges.
The rival comparison remains a moving snapshot Uniswap said its monthly volume exceeded the next three DEXs combined, but the protocol did not identify the three competitors in its post. Rankings can differ depending on whether an analytics provider groups protocol versions, counts spot swaps only or combines activity across supported chains.
DeFiLlama defines DEX volume as the value of spot token swaps processed by a protocol. Perpetual futures trading is presented separately, preventing derivatives-focused venues from being mixed directly with spot exchanges in the same metric.
Competition within the DEX sector has changed over time. Raydium surpassed Uniswap in one monthly comparison during January 2025, while PancakeSwap held a higher 30-day total during parts of that year. The latest data cited by Uniswap places the protocol back at the top of the selected spot DEX ranking.
An earlier monthly record offers another comparison. Crypto.news reported in November 2024 that Uniswap reached $38 billion across Ethereum scaling networks. The latest figure is more than 80% above that total, though the two measurements cover different dates and may not include an identical set of chains and protocol versions.
Uniswap’s current competitor comparison should therefore be read as a trailing-period snapshot. It can be verified only against the methodology, protocol groupings and timestamp used for the underlying ranking.
Protocol fees connect volume with UNI supply Uniswap governance approved a fee mechanism that directs part of the trading charges from selected pools to the protocol. The settings do not cover every pool or every dollar of reported volume, so monthly trading volume cannot be multiplied by one fee rate to calculate protocol revenue.
In July, Governance Proposal 100 expanded the mechanism to v4 pools across seven networks. Crypto.news reported that the changeaised Uniswap’s measured daily protocol revenue from approximately $114,000 to $325,000 at the time.
Captured fees are routed through TokenJar contracts and can fund UNI purchases and token burns under the governance system. Liquidity providers continue to receive the portion assigned to them under each pool’s settings.
Uniswap Labs has kept expanding the products connected to the protocol’s liquidity. A June agreement brought $150 million in Spark stablecoin liquidity to v4, with plans to move the assets into a programmable DualPool hook developed with Uniswap Labs.
Spark’s design places idle stablecoins in yield-bearing vaults between trades and moves the required capital into a v4 pool when a swap occurs. Uniswap said USDS would serve as the first quote asset, with support planned for USDT and PYUSD liquidity.
UNI traded near $6.21 during the latest market session, down roughly 2% from the previous close. The token moved between approximately $6.17 and $6.55 during the day, with no verified evidence connecting the price decline to Uniswap’s monthly volume announcement.
Block 8. září 2026 požádal americký OCC o národní trustový bankovní charter pod názvem Builders Bank & Trust, N.A., aby mohl pod federálním dohledem úschovávat Bitcoin a stablecoiny. Nejde o klasickou banku, ale o federální rámec pro digitální aktiva.
The Cash App parent filed for an OCC national trust charter to custody bitcoin and stablecoins under federal preemption – joining a charter wave that now has three distinct lanes.
The Wallet That Wants to Become a Bank On September 8, 2026, Block, Inc. filed an application with the Office of the Comptroller of the Currency for a national trust bank charter under the name Builders Bank & Trust, N.A. The filing positions Block to custody Bitcoin and stablecoins under federal preemption, bypassing the state-by-state money transmitter licensing regime that has constrained its Cash App business since inception. The charter is uninsured and non-deposit-taking — Block is not seeking to become a traditional bank. It is seeking federal authorization to hold digital assets at institutional scale.
Three Lanes in the Charter Wave Block’s filing joins a charter wave that has accelerated through 2026, but the applicants are not all pursuing the same objective. The wave has sorted into three distinct lanes. Circle received final OCC approval in July for its national trust bank, positioning USDC infrastructure under federal oversight. Ripple obtained a conditional charter. BitGo secured final approval. These are crypto-native firms seeking legitimacy through federal chartering — a path from the margins to the regulated center.
The second lane is represented by Wall Street’s institutional pivot. JPMorgan, BNY Mellon, and State Street have expanded digital asset custody through existing banking licenses and subsidiary structures. These institutions are not filing for new charters; they are extending existing ones. The motivation is different — they are defending market share against digital-native competitors, not seeking legitimacy.
Block represents a third category. It is a consumer fintech — Cash App has over 50 million monthly active users — building institutional plumbing. The Builders Bank & Trust filing is not about Wall Street scale or crypto-native legitimacy. It is about converting retail-scale digital asset activity into federally chartered infrastructure. If approved, Block can custody Bitcoin and stablecoins for its massive consumer base without navigating 48 separate state licensing regimes.
The Federal Preemption Play The structural advantage of an OCC trust charter is preemption. Block currently operates Cash App’s Bitcoin buying and selling through state money transmitter licenses — a patchwork of requirements that varies in cost, timeline, and compliance burden across jurisdictions. A national trust charter would replace that patchwork with a single federal framework.
The charter also provides access to the Federal Reserve’s payment rails and correspondent banking network — infrastructure that state-licensed money transmitters cannot directly access. For Block, this means the ability to settle stablecoin transactions and manage Bitcoin custody within the same regulatory perimeter as chartered banks, without the capital requirements and deposit insurance obligations that come with a full banking license.
What the OCC Is Evaluating The OCC’s Digital Assets Licensing page lists specific criteria for national trust bank charters. Applicants must demonstrate that their proposed activities are fiduciary in nature, that they have adequate capital and liquidity, and that their management has the expertise to operate under federal supervision. Block’s application references its existing compliance infrastructure, its proof-of-reserves attestations, and its track record operating under state money transmitter licenses in all 50 states.
The timing matters. The CLARITY Act is heading for a Senate floor vote on September 15. The GENIUS Act, signed into law in July, established stablecoin-specific regulatory framework. The OCC is processing charter applications within an increasingly defined legislative architecture. Block is filing into a regulatory environment that is crystallizing, not one in search of direction.
The Custody Question Bitcoin custody at institutional scale is the real prize. The OCC’s Interpretive Letter No. 1192 confirmed that national banks can custody cryptocurrency assets. Block’s filing builds on that precedent by positioning custody as the core activity of a dedicated trust entity, not a sideline service of a larger banking operation.
For Cash App’s 50 million users, the immediate impact is limited — they can already buy and sell Bitcoin through the app. But for the institutional clients Block has been quietly cultivating, a federally chartered custody solution changes the calculus. It means regulated entities can hold Bitcoin and stablecoins with a counterparty that operates under OCC supervision, rather than relying on state-licensed custodians or offshore exchanges.
What to Watch The OCC’s processing timeline for national trust bank charters has varied from six months to over a year. Block’s application will face scrutiny on its capital adequacy, its management expertise, and its ability to separate fiduciary activities from its broader consumer fintech business. The charter wave is accelerating, but each application is evaluated on its own merits. Block’s path through the OCC will determine whether consumer fintechs can compete with Wall Street and crypto-native firms for the federal charter infrastructure that is rapidly becoming the cost of entry for institutional digital asset custody.
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