Hayden Adams tvrdí, že tokenizované korelované páry mohou posunout AMM do globálních financí. Deset tokenizovaných akciových poolů proti SPY na Uniswapu zpracovalo za prvních 12 dní objem 33 milionů USD od více než 11 000 obchodníků.
Uniswap founder Hayden Adams has argued that correlated tokenized-asset pools could move automated market makers into global finance after 10 stock-SPY pools processed $33 million in 12 days.
Summary
Ten tokenized stock pools against SPY recorded $33 million in volume from over 11,000 traders. Uniswap has processed more than $4.6 trillion since its launch in 2018. Adams says correlated assets can reduce inventory risk and lower market-making costs. U.S. regulators are considering rules for continuous trading and blockchain-based securities records. Uniswap founder Hayden Adams, in an Aug. 18 blog post, said tokenization could change which trading pairs attract liquidity and who supplies the capital behind them.
Adams has spent nine years working in decentralized finance and created Uniswap in 2018. The protocol has operated through smart contracts since its launch and has processed more than $4.6 trillion in cumulative volume, according to his post.
During the same period, decentralized exchanges increased their share of centralized-exchange spot volume from below 1% to more than 20%, Adams said. He attributed part of that expansion to automated market makers opening markets for assets that could not attract professional trading firms.
Correlated pairs could reduce market-making risk Unlike an order-book exchange, an automated market maker lets users place two assets into a shared pool. Traders swap against the pool, prices change according to its programmed rules, and liquidity providers collect part of the trading fees.
Adams said AMMs first found demand among small and less-traded tokens because issuers and early holders could create a pool without hiring a professional market maker. Stablecoin pools followed because assets such as USDC and USDT usually move closely together, limiting the inventory changes faced by passive liquidity providers.
According to Adams, onchain markets have since organized into clusters without a central party deciding their structure. Ethereum-based tokens commonly trade against ETH, Solana assets trade against SOL, and stablecoins form pools with other stablecoins.
“No one designed that. It emerged organically,” Adams wrote.
His argument rests on the relationship between the two assets in a liquidity pool. When their prices move in similar directions, liquidity providers face less risk from holding both sides of the pair. Adams said lower inventory risk can attract more capital, deepen liquidity, and reduce the performance advantage enjoyed by active trading firms.
Traditional market makers usually hedge price exposure through options or other instruments, which adds costs. Investors who already want to own both assets may not need the same hedge, allowing them to accept lower returns while continuing to provide liquidity, according to Adams.
Tokenized SPY pools create a bridge to individual stocks Tokenized securities can allow stocks and funds to trade directly against each other on a shared blockchain rather than requiring every transaction to settle against dollars.
Using Nvidia as an example, Adams said an NVDA-SPY pool could replace part of the activity normally routed through NVDA-USD. SPY would then connect the stock pool to dollars through a separate SPY-USD market.
Under that model, the individual stock and the index fund would form the correlated pair, while SPY-USD would act as a bridge. Passive liquidity providers could serve pools holding related assets, while professional firms compete in the smaller number of bridge markets that carry concentrated trading volume.
Automatic routing would still let an investor enter or leave a position in dollars. The trade could move through more than one pool in the background without requiring the user to exchange each asset manually.
Adams pointed to 10 tokenized stocks trading against tokenized SPY through Uniswap pools on Robinhood Chain. During their first 12 days, the pools handled $33 million in volume from more than 11,000 traders, with part of the activity occurring while U.S. stock exchanges were closed.
Some transactions moved directly from one tokenized stock to another without using dollars, he added. Adams presented the activity as an early example of related assets forming direct markets once they share the same settlement network.
More unusual pools have also appeared. According to his post, some memecoins have been paired with stocks linked by a common theme, including Elon Musk-themed tokens against Tesla and hot dog-themed tokens against Costco. Adams cautioned that the price correlation in such pools remains uncertain.
Uniswap v4 expands how liquidity pools operate Technical changes to Uniswap could determine whether passive pools can compete in markets that require more complex trading rules.
Uniswap v4 introduced hooks, which allow developers to add custom functions to a pool. Adams cited DualPool, a hook designed to place unused liquidity into lending markets between swaps, as one way to improve returns for liquidity providers.
Permissioned pools provide another route for tokenized assets that must enforce eligibility or transfer controls. Under such a structure, programmed checks can limit who trades a regulated asset while the pool continues to use an AMM for execution.
In July, Uniswap governance expanded its fee system to v4 pools across Ethereum, Arbitrum, Base, BNB Chain, Polygon, OP Mainnet, and Robinhood Chain. As crypto.news previously reported, the change raised daily protocol revenue from about $114,000 to $325,000.
The report found that Uniswap processed $27.6 billion in April 2026 volume and generated an estimated $845 million in annual fees across its versions and networks. Roughly one-sixth of those fees were being captured by the protocol through TokenJar contracts used for UNI purchases and burns.
Adams said correlated pairs represent only one part of the AMM model. Pool design, capital costs, and the ability to handle regulated assets will also affect whether automated liquidity can compete with firms that operate proprietary trading, hedging, and settlement systems.
U.S. rules will determine access to tokenized stocks For American investors, a token that follows a stock price does not always provide direct ownership of the underlying share. The U.S. Securities and Exchange Commission said in January that tokenized securities can be issued by the company itself or created by an unrelated third party, with different legal structures attached to each model.
Issuer-backed tokens may update the company’s official shareholder record when the blockchain asset moves. A third-party token could instead provide an indirect claim, a custodial interest, or economic exposure that does not make its holder a registered shareholder.
The distinction affects voting rights, dividends, corporate actions, and claims during insolvency. In August, the SEC began preparing a limited route for 24/7 tokenized trading, although the commission has not finalized eligibility standards or an implementation date.
Nasdaq received SEC approval in March 2026 for a pilot covering eligible Russell 1000 shares and major index-linked exchange-traded funds. Under its approved structure, the tokenized and conventional forms carry the same rights and pricing within the national market system.
Ownership infrastructure remains another part of the U.S. regulatory work. In September, the SEC proposed a transfer-agent rule overhaul covering digital records, cybersecurity, business continuity, and the protection of investor assets.
Transfer agents maintain the official list of security owners and process changes involving dividends, stock splits, and other corporate actions. The SEC said firms are developing blockchain-based ownership systems, tokenized fund services and smart-contract processes, but described its proposal as technology-neutral.
Traditional market operators are also building systems for onchain securities. Intercontinental Exchange agreed in August to invest in tZERO and use its blockchain patents while developing an NYSE-affiliated platform. The ICE-tZERO partnership covers digital transfer-agent and broker-dealer infrastructure for issuing, trading, and settling public securities onchain.
ICE and tZERO did not disclose the investment amount, tZERO’s valuation, or a launch schedule. The proposed platform still requires regulatory approvals before it can offer continuous trading and blockchain settlement.
Ondo po roce od spuštění Ondo Stocks vede trh tokenizovaných akcií. Celý segment od té doby narostl téměř 23× z asi 100 milionů USD na téměř 3 miliardy USD.
A Year That Redefined Tokenized Equities@Ondo is marking the first anniversary of Ondo Stocks, the protocol it launched in September 2025 to give non-US investors around-the-clock access to US equities on-chain. Twelve months on, the platform has moved well beyond proof-of-concept territory and established itself as the dominant force in a market that barely existed a year ago.
According to Crypto Briefing, The protocol built institutional-grade settlement rails across @Solana, @Ethereum, and @BNBChain, enabling continuous equity exposure outside traditional market hours.
From $100M Market to Nearly $3BThe broader tokenized stock market has expanded sharply since Ondo entered it. The original copy notes the market has grown nearly 23x, from around $100M to close to $3B, as institutional and retail demand for on-chain equity exposure accelerates.
Ondo has led that charge.
The first $1B milestone arrived in May 2026.
Regulatory progress has accompanied the growth. using BlackRock's IVV ETF and Micron shares as the initial securities.
The wider RWA landscape is expanding in parallel. suggesting that on-chain equities are becoming the primary entry point for new participants in the asset class. With Ondo holding the category lead on TVL, volume, and market share, its first anniversary arrives at a moment when the infrastructure it built is starting to look less like a niche experiment and more like a foundational layer for global equity access.
Sources:
Crypto Briefing: Ondo Finance leads tokenized stock market with 34% share
CoinDesk: Ondo Finance debuts SEC-aligned tokenized stock model
CEX.IO: 3 in 4 New RWA Wallets in 2026 Belong to Tokenized Stocks
Solana v srpnu vykázala přes 144 mil. USD příjmů z aplikací, což byl nejvyšší výsledek mezi všemi řetězci a 38% podíl na trhu. Zároveň dál vedla i ve spot DEX objemu.
Rumors of Solana’s death have been greatly exaggerated. While the critics and detractors declare Solana to be in its “most perilous place” ever, the network remains the most productive and fertile ground for applications across the industry.
Meanwhile, new data suggests that while Robinhood Chain is witnessing a tremendous influx of traders and capital, the vast majority of users are coming from crypto-native platforms.
Solana Leads All Chains in Monthly App Revenue The multichain economy is exploding, with blistering memecoin runs on networks like Robinhood and BNB Chain attracting traders and capital in waves reminiscent of previous onchain bull cycles.
Driven by the surging popularity of meme/stock token pairings, Robinhood and BNB Chain are seeing coins run to incredible valuations in a matter of weeks. But while coins are running to $300M on rival chains, Solana’s memecoin trenches are looking decidedly barren, with similar meme/stock pairs struggling to enjoy the same success.
Solana’s declining volume share in tokenized equities has only fuelled criticism and dismissal from its detractors. Critics argue that Solana is now in a “perilous place”, with rival chains proving more popular among memecoin and perpetual futures traders.
But contrary to the doubts expressed on social media, onchain data suggests that Solana remains crypto’s most productive network for building blockchain-based businesses.
According to DefiLlama data, Solana recorded over $144M in app revenue throughout August, leading all chains and constituting 38% market share across all chains.
Outside the application revenue, Solana maintained its industry-wide lead on spot DEX volume and continues to surpass rival chains like Ethereum, BNB, and Robinhood on network REV.
How Much of Robinhood’s Growth is New Users? While Robinhood Chain’s parabolic rise is breathing new life and optimism into the onchain economy, new data suggests that the surge of activity may not be as retail-driven as previously thought.
Blockworks data suggests that only 2% of all activity on the flourishing network comes from the Robinhood Wallet, implying that most of the network’s traders are still coming from a crypto native background.
Around 73% of all activity is being driven by cross-chain terminals and aggregators, which could include retail-first platforms like fomo and the pump app.
At the same time, it’s starting to appear as though Robinhood Chain is suffering from its own success. The Ethereum Layer-2 is buckling under the demand for blockspace, with transaction fees spiking across the network due to strong demand for blockspace.
With network fees coming in around 128x more expensive than Solana, Blockworks Research analyst 0xcarlosg argues that the network risks pricing out the users driving its meteoric growth.
For its part, Solana has already suffered these trials. Historic network events, like the launch of the $TRUMP memecoin in January 2025 served as excellent proof of the chain’s resiliency under unprecedented load. Recent performance improvements, like raised block limits and slot time reductions have only boosted Solana’s capacity for scale, ensuring the chain is best-equipped to onboard capital markets at global scale.
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Robinhood Chain vybrala 2. září na poplatcích za plyn 4,45 milionu USD, což je 82× více než 22. srpna. Růst pohání aktivita memecoinů a Robinhood do 29. září hradí poplatky v aplikaci za uživatele.
Users paid $4.45 million to transact on the network on Sept. 2, more than Ethereum, Solana and Tron combined, after the base fee rose 23 times off its 0.02 gwei floor. Robinhood absorbs the cost inside its own wallet app until Sept. 29.
Robinhood Chain collected more in gas fees over the past 24 hours than any other blockchain, after memecoin launch activity pushed the two-month-old network's base fee far above the minimum price its contracts allow.
Almost all of the increase is price. Transactions on the chain rose about 36% over the same stretch, while the execution gas on an average transaction went from under a cent to about 32 cents. Robinhood pays the fee for customers swapping inside its wallet app under an offer that expires on Sept. 29.
Users paid $4.45 million in gas on Sept. 2, up 18.8% from the prior day and 82 times the $54,254 paid on Aug. 22, according to DefiLlama, which counts gas fees paid by users covering both Robinhood Chain execution and the Ethereum data component. Canton ranked second that day at $1.69 million, followed by Tron at $873,930, Solana at $612,579, BNB Chain at $480,271 and Ethereum at $304,277. The chain has taken $12.44 million over seven days, two-thirds of the $18.45 million it has earned since mainnet launched on July 1.
Off The 0.02 Gwei FloorRobinhood Chain enforces a minimum gas price of 20 million wei, or 0.02 gwei, readable from the ArbGasInfo precompile at address 0x6c and the same default Arbitrum One runs. The base fee held at that floor on a median basis from Aug. 17 through Aug. 23, according to blocks sampled directly from the chain's public RPC endpoint. It has been above it every day since Aug. 24.
Over the 24 hours to 16:27 UTC on Sept. 3, the median base fee across 600 sampled blocks was 0.467 gwei, 23 times the floor, with intraday readings above 5 gwei. Arbitrum One was at 0.02 gwei at the same moment and Base at 0.005 gwei.
Measured onchainAug. 21-22Sept. 2-3Median base fee0.0201 gwei0.467 gweiGas consumed per second13.2 million36.9 millionTransactions per block9.9613.97Gas per transaction132,766272,229Execution gas cost per transactionunder $0.01$0.32At the intraday peaks, a transaction of that size costs roughly $3.40. DefiLlama's 82-fold increase runs ahead of the 47-fold rise in execution cost because its series also prices the Ethereum data component and priority tips, which the per-transaction calculation above excludes.
Gas Burn Nearly TriplesRobinhood Chain consumed an average of 36.9 million gas per second over the past 24 hours, against 13.2 million on Aug. 21 and 22. Blocks carried an average of 13.97 transactions against 9.96, and each transaction used 105% more gas.
Arbitrum Nitro tracks a gas backlog against several targets measured over windows from nine seconds to a full day, per Arbitrum's documentation. When the backlog grows the base fee rises exponentially to discourage usage, and falls as the backlog clears. The base fee has risen on nine of the past 10 days.
Robinhood Pays Until Sept. 29Customers swapping inside the Robinhood Wallet app are paying none of this. Robinhood covers network fees on crypto and stock token swaps on Robinhood Chain, plus one-time ERC-20 approval fees, for swaps greater than $0.50, with "no additional caps, limits, or frequency restrictions," according to Robinhood's support page for the offer.
The offer period runs "beginning at launch of Robinhood Chain to 11:59 PM EST September 29, 2026." Wallet-to-wallet transfers, bridge transactions and anything executed through the dapp browser are excluded, as are third-party wallets. Robinhood reserves the right to change or end the offer without notice.
That leaves traders using Pons, GMGN or Uniswap directly paying the current rate, and Robinhood Wallet users facing it in 26 days unless the offer is extended.
Pons Sets The LoadPons V2, the launchpad that exists only on Robinhood Chain, took $6.09 million in fees over the past 24 hours and $26.33 million over seven days, DefiLlama data shows. Uniswap V4 on the chain collected $6.65 million, trading bot GMGN $2.65 million and Uniswap V3 $870,480.
PONS traded at $0.5827 on Thursday, up 42.9% over 24 hours, 388.2% over seven days and 2,727.3% over 30 days, for a market capitalization of $413.8 million and a rank of 117, according to CoinGecko. The token set an all-time high of $0.6011 at 17:19 UTC on Sept. 3 and turned over $126.7 million in the past day.
DEX volume on the chain was $1.55 billion over 24 hours, down 7% from the prior day and up 88.1% over seven days. Total value locked stands at $819.6 million.
Gas Takes A QuarterGas has gone from a rounding difference against those application fees to a quarter of everything paid on the chain. Fees across Robinhood Chain and every protocol deployed on it totaled $19.12 million on Sept. 2, of which gas was 23.3%. On Aug. 22 it was 2.5%.
No other large network prices its own capacity that high.
Chain, Sept. 2All fees paidChain gas feesGas shareRobinhood Chain$19.12 million$4.45 million23.3%BNB Chain$2.89 million$480,27116.6%Solana$10.54 million$612,5795.8%Base$1.86 million$97,5835.3%Arbitrum One$268,976$13,8575.2%Ethereum$9.34 million$304,2773.3%Application fees scale with the value being traded and gas with the compute the chain can supply. Volume has kept climbing; capacity has not.
Six Of Eight SignersBringing fees down by raising the chain's throughput is not Robinhood's decision alone. Robinhood Chain's parameters sit with a Security Council of eight signers — two held by Robinhood and one each by BitGo, Chainlink Labs, Fireblocks Trust Company, Offchain Labs, Paxos and Talos — where routine changes need six of eight approvals and a seven-day onchain timelock, according to the chain's governance documentation. Emergency actions skip the timelock and need seven of eight.
Arbitrum's Cut GrowsRobinhood kept $4.01 million of Sept. 2's gas fees after Ethereum data costs and the 10% fee share owed under the Arbitrum Expansion Program license, DefiLlama's accounting shows. The gap between the two figures is almost exactly 10%, leaving Ethereum data costs at close to nothing for the day.
That share splits 8% to the Arbitrum DAO treasury and 2% to development funding, putting roughly $356,000 a day into the DAO at Sept. 2 rates against about $4,300 on Aug. 22. ARB traded at $0.1381, up 10.6% over 24 hours and 44.2% over seven days, according to CoinGecko.
Robinhood Chain passed Ethereum on daily application revenue in late August and ranked second among all chains by DEX volume at the start of September. It overtook Base on daily active users three weeks after launch.
Ethereum v srpnu zrychlilo díky růstu v oblasti Layer-2, DeFi a tokenizace; BlackRock rozšířil tokenizaci na mainnetu Ethereum. GnosisDAO zároveň schválil přesun Gnosis Chain na ZK-proven Ethereum Layer-2 rollup.
TLDR: Ethereum saw accelerated August activity across Layer-2 upgrades, institutional adoption and ecosystem development. BlackRock expanded tokenization on Ethereum while Gnosis and Whitechain pursued Layer-2 transitions. Privacy tools and wallet infrastructure advanced through new applications, security features and post-quantum technology. DeFi growth continued as Aave, Morpho and Uniswap reached new deposit and trading milestones. Ethereum development activity accelerated through August as builders across the ecosystem shipped new upgrades, launched fresh protocols, and expanded institutional integrations.
Layer-2 networks advanced their infrastructure, decentralized finance protocols recorded fresh deposit milestones, and privacy-focused applications gained new momentum.
The developments touched governance, tokenization, wallet security, and onchain gaming across the wider Ethereum landscape.
Institutional and Layer-2 Expansion Gain Momentum Ethereum’s Layer-2 ecosystem saw structural changes this month. GnosisDAO approved a vote to move Gnosis Chain from an independent Layer-1 network to a ZK-proven Ethereum Layer-2 rollup.
The shift introduces synchronous composability, allowing applications on Gnosis and Ethereum to interact within a single transaction.
Institutional interest in Ethereum also expanded. BlackRock introduced its Select Treasury Based Liquidity Fund with a tokenized share class deployed on Ethereum mainnet.
The asset manager additionally began tokenizing share classes tied to its $311 billion European money market fund series on the network.
Ethereum is for shipping.
Here are 35 things the Ethereum ecosystem launched, upgraded, and announced through August.
1/ GnosisDAO approved a vote to transition @gnosischain from its own L1 to a ZK-proven Ethereum L2 rollup with synchronous composability, so apps on Gnosis and…
— Ethereum (@ethereum) September 3, 2026
Arbitrum activated its ArbOS Elara upgrade, bringing more responsive transaction fees to Arbitrum One. The update also increased Stylus smart contract capacity fourfold and added new features for chains built on the Arbitrum stack.
Elsewhere, Whitechain, the network connected to the WhiteBit exchange ecosystem, announced plans to transition from an independent Layer-1 into an Ethereum Layer-2 built on the OP Stack.
Ethereum client teams also introduced the Platåberget testnet to prepare implementations ahead of the Glamsterdam network upgrade.
Privacy Tools and Wallet Infrastructure Advance Privacy-focused development remained active across the Ethereum ecosystem in August. Aztec Network launched Alpha v5, a protocol upgrade that reduced private transaction proving times. The release also brought an initial group of privacy-preserving applications onto the network.
Privacy Boost introduced a new frontend application enabling users to send private transfers directly from connected wallets.
Wallet security also advanced through new releases. MetaMask launched its Agent Wallet, an agentic tool built with spending limits, allowlists, and configurable risk profiles.
Freedom Factory opened presales for PQ1, an air-gapped hardware wallet that signs transactions using post-quantum cryptography through an Ethereum smart account.
Privacy-focused wallet Cloaked reported reaching $650,000 in deposits and $1 million in transaction volume during its first 90 days of operation.
Web3Privacy also released an updated Ethereum Privacy Ecosystem Mapping for 2026, documenting the network’s growing privacy tooling landscape.
DeFi Growth and Ecosystem Programs Continue Decentralized finance activity on Ethereum showed continued expansion during the month. Aave v4 surpassed $525 million in deposits on Ethereum mainnet.
Morpho reported crossing $880 million in total deposits on Robinhood Chain within less than two months of going live, while also reaching $5.75 billion in deposits on Base.
Uniswap processed more than $1 billion in stock token volume on Robinhood Chain, contributing to over $20 billion in total volume since the platform’s July launch.
The exchange also launched v4 Permissioned Pools, a hook standard enabling allowlisted swaps for regulated assets while keeping the base protocol permissionless.
Coinbase launched tokenized stocks on Base for non-U.S. users, backed one-to-one by a regulated custodian and held in self-custody wallets.
Base separately opened applications for its Base Batches 004 accelerator program, supporting ten early-stage teams building on the network.
Ether.fi expanded its crypto neobank offering with tokenized stocks and portfolio-backed loans facilitated through Aave.
The Ethereum Foundation also launched an autoresearch challenge focused on post-quantum security, built alongside zkSecurity and EigenLabs, placing a machine-verified security problem on a public leaderboard for open contribution.
@XDCNetwork closed August with the strongest month of on-chain activity in its history. The network processed 27.7 million transactions, a figure that represents a 50% increase over the prior six months, according to data shared by XDC Network and cited by Token Terminal analytics.
Validator Set Expands With Institutional Names The network's validator ecosystem grew roughly 26% over the quarter and now exceeds 320 active nodes. Three new institutional names joined during August. Hex Trust, a digital asset custodian active across APAC and the Middle East, joined as a Masternode Validator to verify transactions and contribute to network consensus. Clear Street, a regulated financial infrastructure firm headquartered in New York that serves more than 700 institutional clients and processes around 550 million shares in daily trading, also joined the validator set. Blockchain infrastructure provider LinkPool rounded out the August additions.
Clear Street CEO Robert Rutherford framed the move in capital markets terms, saying the firm wants to be "accountable for the next layer of capital markets" by helping to operate it. The broader validator roster already includes Deutsche Telekom, SBI Holdings, Animoca Brands, HashKey Cloud, and Republic, among others.
OrbitX Cards and the QAIX Alliance August also brought two product-level developments. The $XDC token went live on OrbitX corporate cards, extending its utility into everyday business payments. Separately, the network launched QAIX, a Quantum Computing and Artificial Intelligence Alliance built on XDC. The consortium brings together leaders across quantum computing, digital assets, financial infrastructure, and industrial robotics, with its main base in Manhattan and additional presence in Washington DC, Miami, and the San Francisco Bay Area.
The record transaction count sits against a broader push by XDC to position itself as a settlement layer for real-world assets, trade finance, and the emerging AI agent economy. The network is EVM-compatible and runs on XDPoS 2.0, a delegated proof-of-stake consensus mechanism, with support for up to 2,000 transactions per second.
Sources:
Finance Magnates: XDC Network Hits All-Time High in Monthly Transactions
Crypto Briefing: Clear Street Joins XDC Network as Institutional-Grade Validator
KuCoin: XDC Network Adds Hex Trust as Institutional Masternode Validator
Trust Wallet has expanded its crypto purchasing options for United States users through the integration of Cash App Pay via MoonPay. The update aims to streamline the process for individuals looking to buy digital assets, reducing friction for those who already rely on Cash App for their financial transactions.
Cash App integration now available on iOS and AndroidThe company confirmed that eligible US users can now utilize their Cash App balance to buy cryptocurrencies directly within Trust Wallet through MoonPay. This feature, originally launched on iOS devices, is now available on Android as well, allowing access to a broader segment of the user base.
Traditionally, onboarding new users to crypto wallets has depended on debit cards, bank transfers, or third-party payment providers. These options often introduce extra steps and create points of potential transaction failure.
Through the new integration, users can connect their Cash App accounts to MoonPay, utilizing the funds already in their Cash App balance for crypto purchases. The process removes the need to manually input card details each time, offering increased convenience for millions of existing Cash App users.
Industry efforts to simplify crypto on-rampsThe launch of this feature aligns with a broader industry movement to improve fiat-to-crypto on-ramps and enhance mainstream adoption. As competition grows among self-custody wallets, providers are focusing on making crypto acquisition experiences as seamless as those in traditional digital finance.
For Trust Wallet, the Cash App Pay integration is a strategic move to attract individuals who are comfortable with Cash App’s interface but new to cryptocurrency. By simplifying the on-ramp, the company aims to draw more first-time buyers into the ecosystem.
MoonPay also broadens its reach by supporting another major payment option within one of the leading self-custody wallets.
Trust Wallet described the feature as a way for users to purchase digital assets without the need for traditional card payments, highlighting its commitment to eliminating barriers to entry for mainstream users.
Currently, access is limited to eligible US customers transacting in US dollars. Users must also ensure that both their Cash App and MoonPay accounts are registered under the same legal name to ensure successful transactions.
Tools for efficient trading and portfolio managementWith features like Cash App Pay simplifying payments, investors increasingly seek centralized platforms for monitoring their holdings and navigating rapidly changing markets. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users gain access to real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
While this payment integration will not necessarily drive direct shifts in cryptocurrency prices, it underscores ongoing industry efforts to lower onboarding barriers and widen access to the digital asset market. Expanding such features may ultimately play a pivotal role in supporting wider adoption.
The central question remains whether Trust Wallet will expand this integration beyond the US and add support for new regional payment methods as user adoption grows.
Should this rollout prove successful, similar partnerships and payment options could become standard across self-custody wallets as providers compete to offer faster, easier, and more accessible crypto on-ramps.
Pineapple Financial přesunula na Injective více než 1 miliardu USD v záznamech o rezidenčních hypotékách. Cílem je časem tokenizovat celé historické portfolio více než 29 000 hypoték v hodnotě přes 10 miliard USD.
Injective is now one of the leading layer-1 blockchains by total value of tokenized assets onchain. Pineapple Financial has moved more than $1 billion in residential mortgage records onto Injective, turning a growing share of its historical loan book into digital records that can be inspected and verified onchain.
The company, listed on NYSE American as PAPL, is migrating funded residential mortgage records onto Injective. Each mortgage is represented by a metadata-rich onchain record tied to the underlying loan file, rather than repackaged as a new mortgage security.
Pineapple's stated goal is to migrate its entire historical portfolio over time: more than 29,000 funded mortgages which amount to more than $10 billion in value.
Mortgage markets move enormous amounts of debt, but the records behind them often remain fragmented across PDFs, email threads, and operational systems. Servicers, custodians, and counterparties may have to reconcile ownership and servicing information across separate databases, turning routine verification into a slow manual process.
Pineapple is changing the location and structure of the mortgage record itself.
What Is Being TokenizedThis is not a synthetic instrument designed to track a mortgage portfolio. Pineapple is converting records from a working mortgage loan book into standardized onchain data assets. The original mortgage remains within its legal and servicing framework, while the tokenized record provides an auditable digital counterpart that captures loan-level data, provenance, and update history.
That distinction matters because the practical value comes from giving authorized participants a consistent, verifiable record. Instead of maintaining separate copies and reconciling them later, the parties involved can inspect the same underlying information.
How It WorksEach tokenized record contains more than 500 data points, enough to make it useful for more than a timestamp or proof of existence. Structured loan-level data can support automated verification, real-time audit trails, more responsive risk analysis, and compliant sharing with institutions that need to inspect a portfolio.
The back-office workflow changes with it. A servicer or auditor can query a consistent record instead of assembling a picture from disconnected files, reducing the delays and duplication that make mortgage administration expensive.
Where Pineapple Fits in the Broader StackPineapple's migration illustrates why tokenization is not simply an issuance exercise. An asset needs a clear identity, rules governing who can interact with it, and records that remain aligned as it moves or changes.
Injective Mint, now live in private alpha, brings creation and administration into a single interface. Institutions can define an asset, configure holder and jurisdictional restrictions, assign administrative roles, and manage issuance or redemption without writing a custom contract. A deeper look into Injective Mint can be viewed here.
Pineapple's mortgage program is a distinct deployment, but it reflects the same shift from a standalone token toward an operating onchain asset. For securities, the record layer also carries a regulated function. On August 19, Injective Institutional Services became registered with the U.S. Securities and Exchange Commission as a transfer agent, and the registration is effective. That affiliated capability can support official securities ownership and transfer records alongside onchain settlement. It does not make Pineapple's mortgage records, or every asset created through Mint, a security; it gives institutions that issue regulated products another piece of the operational and regulatory infrastructure they need.
The Traction So FarThe migration is already measurable. Pineapple's dashboard reports 2,079 mortgage records onchain, compared with 1,259 at the December 2025 launch. Token Terminal lists PAPL0 at roughly $1.1 billion in asset market cap, an increase of about 48% over the past nine months.
That remains early against a target of more than 29,000 mortgages, but it is no longer just a proof of concept.
Pineapple is moving a live portfolio in public, one record at a time, with the progress available for anyone to follow.
Anchored by an INJ TreasuryThe mortgage migration is one part of Pineapple's broader relationship with Injective. Separately, the company established a $100 million INJ Digital Asset Treasury, giving it balance-sheet exposure to the network alongside its operational use of the infrastructure.
Pineapple stakes INJ from the treasury, with Kraken serving as a primary validator. The treasury and the tokenization program are distinct initiatives, but together they show a company committing both operating data and capital to the same financial rails.
See It For YourselfPineapple's tokenized book is public and independently trackable. Follow the live mortgage dashboard and view PAPL0 on Token Terminal.
About InjectiveInjective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine. Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across multiple virtual machines like WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the rapidly growing Injective ecosystem and the new internet economy.
CCP Games přesouvá on-chain infrastrukturu EVE Frontier z Ethereum L2 na Sui Layer-1. Hra má těžit z rychlejší finality, paralelního zpracování a transakcí bez poplatků za gas.
CCP Games, the studio behind EVE Online, announced on October 8, 2025 that its upcoming space survival MMO, EVE Frontier, would migrate its on-chain infrastructure to the Sui Layer-1 blockchain. The move marks a significant departure from the game’s previous Ethereum Layer-2 setup, which ran on Redstone and MUD.
Why Sui won the pitch The core appeal comes down to architecture. Sui’s object-centric model and its use of the Move programming language map naturally onto EVE Frontier’s design philosophy, where every ship, outpost, and Smart Assembly is a discrete, owned object with its own state and history.
Transaction finality on Sui clocks in as low as 400 milliseconds, and the network processes transactions in parallel rather than sequentially.
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Sponsored transactions are the other major draw. EVE Frontier players won’t pay gas fees, because the game’s infrastructure absorbs those costs.
Sui’s zkLogin feature also figures into the onboarding calculus. It allows players to authenticate using existing social accounts rather than managing seed phrases.
From Ethereum L2 to L1: what changed and why it matters EVE Frontier’s prior stack, built on Ethereum’s Redstone L2 with the MUD framework, was a reasonable starting point. Moving to Sui’s L1 consolidates that stack into a single execution environment designed for parallel, high-throughput workloads. For a game planning to support up to 100,000 star systems, that headroom matters.
The partnership is with Mysten Labs, the team that built Sui. CCP Games brings more than two decades of experience running one of the most economically complex virtual worlds ever built.
The actual testnet migration happened in March 2026, tied to an in-game update called “Shroud of Fear.” The team ran a hackathon alongside the launch that drew 123 submissions.
The token layer and what it means for the economy EVE Frontier introduces an on-chain EVE Token, which is distinct from the game’s internal LUX currency. The EVE Token is the economic layer that lives on Sui and powers the broader ecosystem; LUX is the in-game medium of exchange players use day to day.
Earlier testing phases produced over 11,000 character creations, which is a meaningful data point for a game that hasn’t launched publicly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
USDT0 za tři roky zvýšil počet měsíčních transakcí o 438,2 %, přičemž Polygon a Arbitrum One tvoří 78,8 % všech transakcí. Polygon a Arbitrum tak dál dominují stablecoinovým tokům mezi sítěmi Layer 2.
Tether’s omnichain stablecoin protocol has quietly become one of the most heavily used pieces of infrastructure in crypto. Monthly USDT0 transfer counts climbed 438.2% over three years, with Polygon and Arbitrum One responsible for a combined 78.8% of all transfers.
The numbers behind the migration Polygon’s stablecoin activity in 2025 has been staggering. The network processed 452 million stablecoin transactions and 1.4 billion transfers, representing year-over-year growth of 140% and 227%, respectively. Its stablecoin supply reached $2.83B, making it one of the most liquid Layer-2 environments for dollar-denominated tokens.
Arbitrum’s trajectory looks equally aggressive. Daily stablecoin transfers on the network went from roughly 80,000 per day in early 2023 to over 2 million daily by late 2025. That’s a 25x increase in less than three years. Daily transaction volumes now exceed $5B.
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USDT0 itself crossed $100B in cumulative cross-chain transfer volume within just 525 days of its early 2025 launch. The protocol has attracted approximately 6.5 million active wallets.
Why Layer-2 networks are winning stablecoin flows Sending USDT on Ethereum mainnet can cost anywhere from a few dollars to tens of dollars during congested periods. On Polygon or Arbitrum, the same transfer costs a tiny fraction of that.
USDT0 leverages LayerZero’s cross-chain messaging infrastructure to enable seamless transfers between networks, allowing native transfers across supported chains with a single transaction rather than manual bridging.
Both Polygon and Arbitrum have also attracted integrations from traditional finance players. Revolut and Stripe have built payment capabilities on Polygon, providing on-ramps that funnel real-world payment demand directly onto the network.
What this means for the stablecoin landscape The competitive dynamics among Layer-2 networks themselves are also worth watching. Polygon and Arbitrum currently dominate with their combined 78.8% share, but newer networks like Base, Optimism, and emerging zero-knowledge rollups are all competing for stablecoin flows.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Velryba Shiba Inu přesunula téměř 600 miliard SHIB do BitGo po měsíci nečinnosti, což naznačuje možný prodej. Současně na burzy přitékalo čistě 189,18 miliardy SHIB za posledních 24 hodin.
An early Shiba Inu whale has resumed large-scale selling after a month of inactivity, moving nearly 600 billion SHIB worth $3.09 million.
According to Arkham data, the whale moved the tokens in two transactions. The whale first transferred 280 billion Shiba Inu tokens before sending another 320 billion SHIB in a separate transaction.
Notably, the whale sent both transfers to a Forwarder address associated with distribution activity, which subsequently moved the tokens to an address affiliated with BitGo. This transfer pattern suggests that the whale could be preparing the tokens for sale or exchange, potentially adding further selling pressure to SHIB.
Shiba Inu Whale Moves 600B SHIB Whale Bought 103 Trillion SHIB for $13,700 The whale’s history makes the latest transaction particularly significant. The address acquired 103 trillion SHIB in August 2020, around the time Shiba Inu launched. At the time, the whale spent just $13,700 to build the massive position, which represented 17.4% of SHIB’s total supply.
The investment later generated extraordinary gains. During SHIB’s all-time-high period in October 2021, the whale’s holdings reached a value of $9.1 billion.
Despite the enormous appreciation, the whale did not immediately liquidate its position. Instead, it sold only a portion of its holdings before becoming largely inactive for several years.
Dormant Whale Resumes SHIB Sales The whale has now returned to the market in 2026 and has gradually transferred portions of its enormous SHIB holdings.
Notably, the latest 600 billion SHIB movement follows a similar transfer previously linked to the same wallet. Before the latest transaction, the whale’s most recent SHIB sale occurred a month ago.
With these transactions included, the whale has sold approximately 10.06 trillion SHIB so far. Nevertheless, the whale still controls a substantial position. The address currently holds 93.27 trillion SHIB, worth around $485.94 million at a SHIB price of $0.0000052.
This means the whale could still exert significant influence on SHIB’s market dynamics if it continues moving large portions of its remaining holdings.
Whale SHIB Holding SHIB Exchange Inflows Signal Rising Distribution Meanwhile, the whale’s activity coincides with broader signs of increased SHIB distribution across exchanges.
According to CryptoQuant data, exchanges recorded a net inflow of 189.18 billion SHIB over the past 24 hours. In other words, wallets deposited more SHIB into trading platforms than they withdrew during the period.
Shiba Inu Exchage Flow Generally, investors transfer tokens to exchanges when they intend to sell, trade, or otherwise deploy their holdings. Therefore, sustained positive exchange netflows can indicate rising potential selling pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
U Kaspa se zúžil rozdíl mezi velkými držiteli a burzovními peněženkami na zhruba 280 milionů KAS, z asi 4 miliard před rokem. To může naznačovat přesun tokenů na burzy a vyšší prodejní tlak.
On-chain data for Kaspa ($KAS) is flashing an unusual signal: the gap between large private holders and exchange wallets has collapsed to levels not seen in at least a year, raising fresh questions about where big money is moving and why.
Supply Gap Narrows Sharply Wallets holding 10 million or more KAS have seen their combined balance fall to roughly 6.34 billion tokens, according to analysis flagged by @BSCNews. At the same time, exchange wallet balances have climbed to approximately 6.06 billion KAS, leaving a gap of only around 280 million units between the two cohorts. That is a dramatic compression from the roughly 4 billion unit difference recorded just one year ago.
The trend points to one of two dynamics, or a combination of both: large holders are moving tokens onto exchanges, potentially signalling an intent to sell, or exchange-held balances are being attributed to wallets that were previously counted in the large-holder tier. Either way, the structural shift is notable.
That context matters when interpreting what a shift in balances actually means for selling pressure.
What Whale Compression Can Signal However, the current data tells a more ambiguous story. The compression here is not obviously the result of broad redistribution to retail. Instead, it reflects large balances converging toward exchange wallets, which historically precedes increased selling activity.
The Kaspa community and analysts will be watching whether the narrowing gap translates into sustained exchange outflows or a broader distribution to smaller holders in the weeks ahead.
Kaspa operates as a proof-of-work, BlockDAG-based network.
Sources:
Who Really Owns Kaspa? On-Chain Data Reveals the Truth About Wallet Concentration (MEXC)
Kaspa Supply Distribution Table (Kaspalytics)
Kaspa Block Explorer (explorer.kaspa.org)
BitGo a Core Chain spouštějí framework pro tokenizaci reálných aktiv, včetně fyzického zlata, nemovitostí a výtvarného umění. Projekt staví na institucionální úschově a právním zajištění.
BitGo has partnered with Core Chain to introduce a tokenization framework for real-world assets, including physical gold, real estate, and fine art.
The move puts another institutional custody name into the fast-growing RWA market, where crypto infrastructure is being used to represent traditional assets on-chain. BitGo’s role is important because tokenization does not work on technology alone. The legal and custody layer matters just as much as the chain where the asset is issued.
That is especially true when the assets involved are physical.
Gold, property, and fine art are not like native crypto tokens. They require custody, documentation, valuation, legal rights, and rules around who can access or trade the tokenized version. BitGo’s involvement gives the Core Chain launch a stronger institutional angle than a simple token launch.
For more details, visit the official Blog platform.
TL;DR BitGo and Core Chain are launching a real-world asset tokenization framework. The assets named include physical gold, real estate, and fine art. The story is about custody-backed tokenization, not free global trading of physical assets. Why Tokenization Needs Custody Tokenizing a real-world asset sounds simple in theory.
Take an asset, create a token that represents it, and move that token on-chain. In practice, it is much harder. Someone has to hold or verify the asset. Someone has to define what token ownership means. Someone has to handle redemption, transfer rules, compliance, and disputes.
That is why custody sits at the center of serious RWA projects.
If the underlying asset is not properly held, protected, or documented, the token can become little more than a digital claim with weak backing. For physical gold, real estate, and fine art, that backing is the whole product.
BitGo’s participation points to that custody-first approach.
Core Chain Gets An Institutional RWA Push For Core Chain, the partnership adds another institutional use case beyond ordinary crypto trading.
RWA tokenization has become one of the more durable narratives in digital assets because it connects blockchain rails to assets investors already understand. Treasuries, credit, funds, commodities, property, and equities have all become part of that conversation.
Core Chain now wants a place in that market.
The partnership gives it a way to present itself as infrastructure for tokenized assets rather than only another blockchain competing for DeFi deposits and token speculation.
Physical Assets Are Different The asset mix is notable.
Tokenized gold is easier for many investors to understand because gold already trades through financial wrappers, vaulting arrangements, and custody systems. Real estate is more complex because ownership rights, local law, liquidity, and transfer restrictions can vary sharply. Fine art adds another challenge because valuation, authenticity, storage, and market access are all specialized.
That means the framework will need strong guardrails.
A tokenized version of a physical asset does not automatically give a holder the same rights as holding the asset directly. It depends on the structure.
That is the part investors need to read carefully.
RWA Demand Keeps Building The broader market backdrop is supportive.
Institutions are increasingly looking at tokenization as a way to improve settlement, collateral management, transparency, and distribution. Crypto-native users are looking for assets beyond volatile tokens. Networks are looking for real use cases that can survive outside speculative cycles.
RWA sits at that intersection.
It is not always exciting in the short term. But if it works, it can make blockchain infrastructure useful to traditional finance in a way that pure token speculation cannot.
The Balanced View BitGo and Core Chain’s RWA partnership is another sign that tokenization is moving into more serious territory.
The opportunity is clear: put traditional assets on programmable rails with institutional custody behind them. The risk is also clear: the legal and operational structure has to be strong enough for the token to mean something.
For now, the story is not that every gold bar, building, or artwork is suddenly liquid on-chain.
It is that institutional custody providers and blockchain networks are still building the rails that could make those markets more accessible over time.
This article draws on Core Chain’s announcement relating to its RWA partnership with BitGo.
This article was written by the News Desk and edited by Samuel Rae.
LIT za posledních 48 hodin vzrostl o více než 15 % a dostal se nad 3,94 USD, ale stále naráží na hranici 4 USD. Příjmy Lighter v srpnu stouply o 24 % na 2,62 mil. USD a poplatky o 30 % na 3,5 mil. USD.
Lighter [LIT], the native token of the perpetual decentralized exchange (DEX), rallied over 15% in the past 48 hours.
The latest pump lifted the token from below $3.50 to over $3.94. This raised hopes that $5 could be the next target if $4 is cleared. However, the token has struggled to crack above $4 despite an 110% explosive run in August.
Ahead of the Fed rate decision on the 15th of September, the altcoin could extend its sideways structure below $4 despite strong traction on the DEX.
Will Lighter crypto stay below $4, or eye $5? On the daily charts, the token has toiled below $4 since late August. Unsurprisingly, August’s mega rally was due for some cool-off as the Relative Strength Index (RSI) hit overbought territory.
The ATR (Average True Range, red) has gone flat and begun trending downwards, indicating that the volatility seen in August has eased and tapered. Unless the metric shoots up with strong trading volume, any breakout above $4 could become a “fakeout.”
Source: LIT/USDT, TradingView The sideways thesis could be invalidated if the broader crypto market extends its recovery. In such a scenario, LIT could clear the $4 overhead hurdle and eye $4.50 or $5.1.
Robinhood Chain improves Lighter crypto DEX growth The DEX saw $39B in perp volume in August, a slight increase from $36B seen in July. Part of the traction was from Robinhood integration. Lighter powers perps on Robinhood Wallet. The same infrastructure is behind the perps markets on Robinhood Chain, an Ethereum L2.
Recently, the fintech firm said that perps volume on its platform from Lighter hit $7.3B in two months. This was one of the factors behind the mid-week LIT rally.
Source: X That said, the DEX’s revenue rose 24% from $2.14M to $2.62M amid the renewed traction in August.
Over the same period, the DEX’s fees jumped by 30% from $2.7M to $3.5M. Since most of the revenue goes to LIT buyback, it could boost the altcoin’s uptrend prospects if the traction persists.
Source: DeFiLlama Overall, Lighter has seen strong growth recently, partly due to Robinhood integration. But the token’s plan to clear the $4 overhead hurdle may depend on macro factors.
Final Summary LIT surged 15%, but the $4 overhead roadblock persisted ahead of the Fed rate decision. Lighter revenue increased by 24% to $2.6M in August and could boost LIT buyback.
Echo Base zřídila ad hoc výbor věřitelů BitMart a tvrdí, že její návrh na restrukturalizaci až za 10 milionů USD zůstal bez odpovědi. BitMart má 9. září 2026 zveřejnit další plán.
Echo Base formed an ad hoc committee of BitMart claimholders on Sept. 2, following the crypto exchange’s decision to wind down its operations.
Summary
Echo Base formed an ad hoc committee representing BitMart customers with assets frozen after shutdown. Echo Base says BitMart never answered its proposed $10 million restructuring commitment submitted August 6. The committee retained two law firms and is assessing bankruptcy, regulatory and other recovery options. No court has determined whether customers retain ownership rights over assets held through BitMart accounts. BitMart appointed restructuring counsel and promised users a detailed roadmap by September 9, 2026 publicly. In a statement shared directly with crypto.news, Echo Base said the committee represents a “significant and growing aggregate balance” of frozen customer assets. It did not disclose the number of participating claimholders or the value of their claims.
The special situations firm said the group retained Young Conaway Stargatt & Taylor and Ashbury Legal. The committee is considering restructuring, regulatory and insolvency remedies.
Echo Base says its $10 million offer went unanswered Echo Base said it submitted a written proposal to BitMart management on Aug. 6. The proposal offered up to $10 million to sponsor a pre-negotiated bankruptcy filing.
According to the statement, the money would cover professional and administrative expenses through confirmation of a restructuring plan. Echo Base said BitMart did not respond. Crypto.news could not independently verify the communications between the companies.
Echo Base also described a dispute involving one of its affiliates. It said the affiliate requested a withdrawal on July 24, approximately 31 hours before BitMart announced its closure.
The affiliate allegedly made 15 attempts to contact the exchange before delivering a formal demand on Aug. 8. Echo Base said BitMart neither executed the withdrawal nor identified a contractual or legal reason for withholding the assets. BitMart has not publicly addressed that specific account.
BitMart is considering a different restructuring plan BitMart announced its orderly wind-down on July 26. It suspended new registrations, deposits and new orders before ending trading services on Aug. 26.
The exchange initially said it planned to cease platform operations on Jan. 31, 2027. Withdrawals would remain available, although BitMart warned that compliance reviews and heavy demand could delay processing.
As crypto.news previously reported, BitMart’s shutdown sent BMX down more than 60% within 24 hours. BitMart attributed the closure to its operating conditions, the market environment and its future strategy.
However, BitMart changed course on Aug. 21. In an official update, the company said it was developing a possible restructuring plan as an alternative to a full wind-down.
That plan “may include” phased business resumptions and creditor distributions, BitMart said. The exchange appointed White & Case as restructuring counsel and promised another update by Sept. 9.
Claimholders are considering court proceedings Echo Base said the committee is studying whether qualifying creditors could commence or join an involuntary insolvency proceeding. The firm stressed that no decision had been made.
An involuntary U.S. bankruptcy petition must meet statutory requirements governing creditor eligibility, claim amounts and disputed debts. A court would ultimately decide whether any petition could proceed. The committee is an independently organized group, not a statutory creditors’ committee appointed within an existing bankruptcy case.
Echo Base also argues that BitMart’s user agreement does not transfer ownership of deposited assets to the exchange. That remains the committee’s legal position rather than a court ruling. The treatment of customer crypto would depend on the relevant contracts, entities, jurisdictions and any eventual proceeding.
“BitMart still has time to run an orderly wind-down. What it does not have is anyone willing to put capital behind one. Out of court there is no stay, so a single claimant can stall the process for everyone, and any holder the company cannot reach retains its claim indefinitely. That is not a wind-down, it is an open liability with a queue attached.” said Echo Base’s chief executive Roshan Dharia.
Dharia added that Echo Base had offered “capital at risk” to support a court-supervised process. He said the proposal had remained outstanding since Aug. 6.
The Sept. 9 roadmap is the next deadline BitMart’s promised Sept. 9 update should clarify whether it will pursue a partial reopening, creditor distributions or its original closure schedule. The exchange has not publicly accepted Echo Base’s proposal.
Echo Base said it remains willing to negotiate with BitMart and its advisers. Until an agreement or court filing emerges, the committee’s recovery options remain under review and the status of individual frozen withdrawals may differ.
Jupiter, největší swap agregátor na Solaně, je nyní součástí MoonPay PayBox, non-custodial AI payment vaultu, který umožňuje obchodování s kryptem pomocí přirozeného jazyka v AI chatbotech. Integrace zpřístupňuje routing, limitní příkazy, dollar-cost averaging i earn produkty prostřednictvím konverzačních rozhraní.
Jupiter, the largest swap aggregator on Solana, is now live inside MoonPay’s PayBox, a non-custodial AI payment vault that lets users trade crypto by typing natural-language instructions into AI chatbots. The integration went live on September 3, connecting Jupiter’s routing engine, limit orders, dollar-cost averaging tools, and earn products to conversational interfaces powered by Claude, ChatGPT, and Grok.
What PayBox actually does MoonPay launched PayBox on July 29 as its bet on “agentic payments.” The core idea: users interact with AI assistants they already use, and PayBox handles the on-chain execution in the background.
The security model relies on multi-party computation (MPC) and trusted execution environments (TEE). Neither MoonPay nor the AI chatbot can independently access a user’s private keys. The keys are split across multiple parties, and transactions require a passkey from the user before anything moves on-chain.
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Users can configure permissions along a spectrum. “Always Ask” mode requires verification for every transaction. More autonomous settings allow the AI to execute trades within pre-set limits without additional confirmation, which is useful for recurring strategies like dollar-cost averaging.
Solana is the primary blockchain supported by PayBox, though it also works with several EVM-compatible networks including Ethereum, Base, Arbitrum, and Polygon.
Why Jupiter matters in this equation Jupiter has historically processed hundreds of billions in trading volume and handles a substantial share of all Solana DEX activity.
MoonPay CEO Ivan Soto-Wright framed the integration in characteristically direct terms.
“Jupiter is the standard for how serious traders trade on Solana.”
Jupiter reorganized its product suite into three pillars, Trade, Earn, and Manage, in July 2026. That restructuring now maps onto what’s accessible through PayBox, giving conversational AI users a path to tools that previously required navigating Jupiter’s own dashboard.
This isn’t the first time Jupiter and MoonPay have collaborated. Back in 2024, the two companies worked together to introduce fiat on-ramps to Jupiter Mobile, enabling card and Apple Pay purchases. The PayBox integration represents a deeper layer of connectivity, moving beyond simple fiat-to-crypto bridges into full trading functionality.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
LayerZero Labs představila Zero, novou architekturu Layer 1 s cílem až 2 milionů TPS v Atomicity Zone a s horizontálním škálováním až na 5 milionů TPS. Mainnet má být spuštěn na podzim 2026.
LayerZero Labs, the team behind the widely used cross-chain messaging protocol, unveiled Zero, a new heterogeneous Layer-1 blockchain architecture on February 10, 2026. The architecture uses zero-knowledge proofs to decouple transaction execution from verification, splitting validators into two roles: lightweight Block Validators that handle verification, and optional high-performance Block Producers that handle execution. The verification layer stays decentralized and accessible. The execution layer scales horizontally through parallel Atomicity Zones.
The performance targets are eye-catching. LayerZero is claiming up to 2 million transactions per second per “Atomicity Zone,” with horizontal scaling potentially pushing that figure to 5 million TPS. Transaction costs sit at roughly $0.0001. For context, Ethereum’s mainnet processes around 15-30 TPS on a good day, and even Solana’s theoretical maximum hovers around 65,000 TPS.
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How Zero actually works Each Atomicity Zone functions as its own specialized environment. Rather than competing for block space on a single chain, different use cases get their own lanes. ZK proofs allow the network to confirm transactions are valid without requiring every node to re-execute them.
LayerZero also built custom infrastructure components to support the architecture. QMDB handles state storage, while a system called FAFO manages parallel compute. The development process took approximately 2.5 years.
Institutional backing tells the real story Strategic partners include Citadel Securities, ARK Invest, Google Cloud, the DTCC (which processes the vast majority of US securities transactions), and ICE, the parent company of the New York Stock Exchange.
LayerZero reinforced that positioning with ATLAS, a headless exchange backend designed to handle financial transactions across multiple asset classes. ATLAS was unveiled on August 25, 2026, and runs on the Zero framework. A notable tokenomics detail: 75% of certain fees generated through ATLAS are directed toward a ZRO buy-and-burn mechanism.
The mainnet launch is targeted for fall 2026. The ZRO token secures the network and benefits from the fee structure built around ATLAS.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hyperliquid po spuštění bez oprávnění pro HIP-4 téměř ztrojnásobil objem obchodů. Denní objem vyskočil na 1,97 milionu dolarů a počet aktivních traderů vzrostl z 1 256 na 1 841.
Hyperliquid Research Collective (HRC) released a report noting that after Hyperliquid opened third-party permissionless deployment for its HIP-4 prediction market layer on August 29, the platform’s trading volume grew rapidly. The average daily trading volume of HIP-4 in the first 28 days of August was around $545,000; following the deployment opening, single-day volume hit $1.97 million on August 31, with a 24-hour trading volume reaching $2.75 million, and the number of active traders rose from 1,256 to 1,841. The report points out that prediction market project Outcome has been the main beneficiary, currently accounting for nearly 85% of HIP-4’s total trading volume, and its $1 million trading incentive program further boosted liquidity growth. HRC attributes Hyperliquid’s core advantage to its unified account system: prediction markets can share the same account environment as perpetual contracts and HIP-3 assets, allowing users to hedge perpetual positions via prediction market contracts—an experience not currently offered by platforms like Kalshi and Polymarket. Sports prediction markets may become HIP-4’s largest growth area. During the recent World Cup, HIP-4-related markets recorded a cumulative trading volume of $189.5 million, accounting for around 3% of the global World Cup prediction market trading volume. However, HRC states that HIP-4’s current main limitation is not on-chain deployment, but regulatory access. The U.S. market involves regulatory frameworks from the CFTC, SEC, and other bodies, with sports prediction markets in particular likely triggering gambling-related regulatory scrutiny. HIP-4 has proven that permissionless deployment can rapidly expand trading scale, but whether it can further grow its market share will depend on the regulatory environment, recovery of the sports market, and future governance votes.
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Bonk Guy holds $2.52 million worth of USELESS, with an unrealized profit of $1.68 million.
According to Lookonchain's monitoring, five months ago, when Solana ecosystem meme coin USELESS’s market cap dropped to $30 million, well-known crypto KOL "Bonk Guy" began using a dollar-cost averaging strategy to buy the token. Over the past month, Bonk Guy has continued purchasing USELESS, and now holds 15.9 million tokens worth $2.52 million, with an unrealized profit of $1.68 million. Per GMGN data, USELESS, the Solana meme coin, rose over 50% in 24 hours, pushing its market cap above $150 million. On September 1, Bonk Guy said his bullishness on USELESS is even stronger than when he traded BONK in 2023, noting that USELESS previously surged from a $4 million market cap to $450 million in a non-bull market, and could see even larger gains if it experiences a real bull market for the first time. After Bonk Guy’s bullish call on September 1, USELESS jumped over 50% that day, breaking through the $100 million market cap mark. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and require cautious investment.
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Meme coin FATCOIN’s market cap hits a new high, surging past $3.8 million with a 66% gain in the past 24 hours.
According to GMGN market data, the meme stock coin FATCOIN on Robinhood Chain has hit a new all-time high, with its market cap exceeding $3.8 million, a 66% 24-hour gain, and a 24-hour trading volume of $3.5 million. FATCOIN (nicknamed "Fat Coin") is paired with tokenized shares of Eli Lilly (LLY), the leading U.S. weight-loss drug developer. BlockBeats Note: Stock Meme is an emerging concept that merges traditional meme coins with tokenized U.S. stocks. Unlike typical meme coins paired with USDT or ETH, these tokens form trading pairs directly with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This approach retains meme coins’ high volatility and community-driven speculative traits while tapping into the popularity and narratives of real stocks. A portion of transaction fees is often redirected to the community treasury to accumulate the corresponding U.S. stock tokens, creating a dual-driven model of "sentiment speculation + real asset anchoring". Note: Prices are highly volatile; invest with caution.
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AI company Humain plans to launch a $2.5 billion fund focused on data center investments.
Beating AI Insight Flash News: According to a Bloomberg report, AI firm Humain plans to raise an initial $2.5 billion to establish a fund focused on data center investments. People familiar with the matter said the fund will finance the 250-megawatt data center capacity being built by Humain in partnership with Al Moammar Information Systems, with the overall scale potentially expanding to 1 gigawatt in the future. Backed by Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF), Humain is advancing local AI computing power and data center infrastructure development to meet surging demand for AI computing resources.
Multicoin Capital has now sold roughly another 10% of its HYPE position, according to blockchain intelligence platform Arkham.
The latest sale leaves the investment firm with approximately $90.5 million worth of HYPE.
This is its largest on-chain holding despite continued sales.
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Multicoin accumulated roughly 4 million HYPE during February and March, when its position reached a peak. Its current holdings stand at slightly more than one-quarter of that amount. The firm has now sold nearly 75% of its peak position.
In July, Multicoin also made a decision to make a direct investment into the Hyperliquid ecosystem.
On July 16, Multicoin invested $1.75 million in Trasia Labs, an Asia-focused perpetual futures platform built on Hyperliquid.
Multicoin was the sole investor in the seed round. This makes the deal notable given the firm’s large HYPE position.
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And in February, co-founder Kyle Samani stepped back from Multicoin after nearly a decade. He remained chairman of Forward Industries.
HYPE's continued momentum HYPE recently made a debut within Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ). HYPE was added with a roughly 3.4% weighting.
This is the fund’s fifth-largest holding behind Bitcoin, Ethereum, XRP and Solana. This is the first reported inclusion of HYPE in a U.S.-listed crypto index ETF.
HYPE is now also more accessible to U.S. investors. Coinbase currently lists Hyperliquid for trading and offers HYPE-related derivatives, including cash-settled futures.
There are also some important developments on the institutional side. Grayscale’s Hyperliquid Staking ETF, HYPG, continues to make the case for HYPE around the token’s economics and Hyperliquid’s growth.
Hyperliquid připravuje HIP-3*, doplňkovou vrstvu pro povolené trhy s onchain allowlisty řízenými deployerem. Funkce je zatím na testnetu a stávající nasazení HIP-3 nemění.
Hyperliquid is preparing HIP-3*, an optional set of deployer features that will add support for permissioned markets on top of its existing HIP-3 framework through deployer-controlled onchain allowlists, co-founder Jeffrey Yan said Thursday.
The allowlists will be managed by the deployer or its sub-deployers, giving them an additional way to configure access to their markets.
HIP-3 is a Hyperliquid protocol upgrade that makes the creation of perpetual futures markets permissionless, allowing independent builders to deploy markets directly on HyperCore without approval from the core team.
Deployers control market parameters including the assets, oracles, leverage limits and fee structures, while taking responsibility for operating and settling their markets.
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HIP-3* will not change existing HIP-3 deployments. The functionality is strictly additive and will only be activated by deployers that need the additional access-control capabilities, according to Yan.
The initial HIP-3* release is currently available on testnet, where the specifications remain preliminary and could change based on feedback.
The Hyperliquid CEO said the upgrade is intended to give independent market operators more flexibility to meet requirements applicable to their individual deployments. The company will continue to provide the underlying onchain infrastructure, while deployers remain responsible for operating and managing their own markets.
The announcement comes shortly after Hyperliquid Labs reportedly discussed a potential partnership with Payward, the parent company of Kraken, that could give US traders access to selected Hyperliquid-linked perpetual futures through regulated exchange Bitnomial.
The proposed structure would allow registered Bitnomial customers to trade a subset of futures tied to crypto tokens built using Hyperliquid technology. Payward has reportedly submitted the basic proposal to the CFTC, but the arrangement would still need regulatory approval before going live.
The talks follow President Donald Trump’s recent comments that his administration was working to bring Hyperliquid into the US. The platform is currently unavailable to US users, despite becoming one of the largest venues for perpetual futures.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Physical Products, Global Events, and a Growing Payment NetworkPudgy Penguins used August to push further into mainstream consumer territory, rolling out new physical products, community events, and payment tools across multiple continents.
On the collectibles side, the project shipped new Schleich figurines alongside 14-inch Pengu plushies available worldwide. The Schleich partnership pairs the Pudgy Penguins IP with a figurine brand that has a 90-year crafting history, with figures such as Pax Pengu and Polly now available through the official Pudgy Penguins store and select retailers.
The Pengu World Tour also gained momentum during the month, bringing community events to cities across Asia, North America, and other regions. The tour is part of a broader effort to build offline engagement alongside the project's digital ecosystem.
Pengu Card Growth and On-Chain ExpansionThe Pengu Card, integrated with the Visa network and backed by a partnership with KAST, surpassed 35,000 users across more than 170 countries in August. The card allows $PENGU holders to spend tokens at merchants that accept Visa and supports Apple Pay and Google Pay. The user milestone underscores growing adoption of the payment product since its launch earlier this year.
On the token side, $PENGU (solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv) expanded to Robinhood Chain through LayerZero. Robinhood Chain is an Ethereum Layer 2 built on the Arbitrum stack, with LayerZero serving as its cross-chain connectivity provider. The move extends $PENGU's reach into another retail-oriented blockchain environment and marks another step in the project's multi-chain strategy, which already spans Solana and Ethereum.
Taken together, August's activity reflects a project pushing across physical retail, consumer finance, and on-chain infrastructure at the same time, a combination that has become central to the Pudgy Penguins playbook.
Sources:
The Toy Book: Pudgy Penguins Expands Licensing and Collaboration Reach
Robinhood Newsroom: Robinhood Chain Launches Public Testnet
CoinMarketCap: LayerZero Surges on Robinhood Chain Partnership
Strive Inc. (ticker: ASST) held 23,156 BTC as of August 28, positioning it among the top five publicly traded Bitcoin holders globally. CEO Matt Cole has signaled that the company could push well past 27,000 BTC before the year closes out.
From 5,000 to 23,000 BTC in under a year In fall 2025, the company held roughly 5,000 BTC. By June 2026, that figure had crossed 20,000, vaulting Strive into the top five among public companies.
During the last week of August alone, Strive scooped up 1,800 BTC for approximately $143 million.
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The firm came into existence through a reverse merger with Asset Entities and the acquisition of Semler Scientific, a combination that gave it both a public listing and a clear mandate: accumulate Bitcoin.
The financing trick that makes it work Rather than taking on debt or diluting common shareholders through secondary offerings, the company uses its Variable Rate Series A Perpetual Preferred Stock, trading under the ticker SATA.
By June 2026, Strive had expanded SATA’s capacity by $4.2 billion. The result is a balance sheet that carries zero debt while maintaining ample reserves for preferred stock dividends.
TD Cowen raised its year-end BTC forecast for Strive to 27,156, reflecting confidence in the firm’s treasury trajectory, and analysts there have also bumped up their stock price targets accordingly.
Cole’s thesis: Bitcoin’s strongest cycle yet Matt Cole has described the current market environment as potentially Bitcoin’s strongest cycle to date, pointing to structural demand for scarce assets amid persistent inflationary pressures.
The risks are real. Bitcoin’s price could decline substantially, leaving Strive holding a depreciating asset while still owing preferred dividends.
With 23,156 BTC already on the books and a stated target that implies acquiring another 4,000 or more coins before December, Strive is making one of the largest concentrated bets on Bitcoin in corporate history.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sberbank očekává, že nově legalizovaný ruský kryptotrh zpracuje v prvním roce asi 3,5 až 4 biliony rublů, tedy zhruba 46 miliard USD. Na regulovaných platformách mají být zpočátku jen Bitcoin, Ethereum a USDT.
Russia’s largest bank has issued a cautious but sizable outlook for the country’s newly legalized cryptocurrency market. Sberbank Deputy Chairman Anatoly Popov said licensed trading platforms could handle roughly 3.5 trillion to 4 trillion rubles—about $46 billion—during the first 12 months after the rules take effect on September 1.
That figure is framed as conservative: analysts at SberCIB Investment Research expect only about one-fifth of existing activity to move onto regulated venues at first.
The baseline comes from Finance Ministry figures from February, which put daily crypto transactions in Russia near 50 billion rubles, or roughly 18 trillion rubles on an annualized basis.
Most of that flow still travels through peer-to-peer channels, unregistered services, and offshore platforms.
Popov noted that a large share of deals is likely to remain outside the official exchange system even after legalization, because professional market participants have until July 1, 2027, to obtain the necessary licenses.
The market therefore will not be fully built out in year one.
The new framework lets investors buy crypto assets through licensed brokers rather than informal routes.
Retail, or non-qualified, investors face a tight annual cap of 300,000 rubles (around $3,800) through a single intermediary and must first pass a risk-awareness test.
Qualified investors can go up to 3 million rubles (about $38,000) a year. Official venues are expected to start with a narrow list of assets—Bitcoin, Ethereum, and USDT—while other tokens stay off the regulated boards for now.
Payments in crypto for goods and services inside Russia remain prohibited.Sberbank’s longer-term path assumes gradual migration toward official rails.
Regulated volume could rise to 4.75–5.25 trillion rubles by 2028 and reach about 7.5 trillion rubles, or roughly $87 billion, by 2029 as more participants complete licensing and investors grow more comfortable with the supervised system.
The bank itself has been preparing infrastructure, including plans for trading tools and a digital depository, so it can serve clients once the rules are live.
The forecast highlights a dual-track market: a visible, capped, licensed segment sitting beside a much larger informal one.
Whether the official slice grows faster than the conservative 20 percent starting share will depend on how quickly brokers and exchanges finish registration, how attractive the limited product set proves, and whether retail limits stay in place. For now, Sberbank’s numbers treat the first year as a measured opening rather than an overnight shift of the entire 18-trillion-ruble activity base.
Uphold potvrdil, že funkce „Earn on XRP“ je téměř hotová a má se týkat 1,62 miliardy XRP, které platforma drží. Firma zároveň řeší newyorskou BitLicense a podmínky oznámí v příštích týdnech.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The new "Earn on XRP" feature will affect a colossal pool of 1.62 billion tokens held on one of the largest trading platforms. Uphold Chief Product Officer Paul Underwood has officially confirmed that the long-awaited passive income tool is in the final stages of development.
The announcement was made at the XRP Vegas conference and later repeated on X. Underwood acknowledged that development had taken longer than planned but assured users: "The wait is almost over, with details coming in the next few weeks."
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The intrigue surrounding this release is purely technical. By design, the XRP Ledger (XRPL) does not support native staking in the same way as networks such as Ethereum or Solana.
To give users the opportunity to earn interest, Uphold has to implement workarounds—for example, by using DeFi lending protocols such as Exactly Protocol or wrapped tokens through its partner, Flare Network.
At my talk at XRP Vegas, I shared that Uphold is working on a way to earn on XRP. We're getting closer to launch! It has taken longer than planned - but the wait is almost over. Will be sharing more in the coming weeks.
— Paul U. (@PaulWavelength) September 2, 2026 In addition to the technical side, the exchange is also addressing legal issues. In his responses to users, Underwood confirmed that the company is currently working to obtain New York's strict BitLicense. This is a clear signal that the new Earn tool is being prepared under the strict oversight of U.S. regulators.
Why does the exchange need it? (Spoiler: to retain its XRP Army)For the platform, launching this product is a strategic move backed by enormous figures. According to its official Proof of Reserves report, the exchange currently holds around 1.62 billion XRP.
This is a colossal amount:
It represents 1.63% of all XRP in circulation worldwide.It places Uphold among the world's top three exchanges by XRP holdings, behind only South Korea's Upbit and global exchange Binance.XRP is the largest asset on the platform by market capitalization, with user holdings backed at a 1:1 ratio. You Might Also Like
Uphold has long positioned itself as the main haven for the XRP community. The exchange already offers debit cards in the U.S. with up to 6% cashback in XRP, as well as bonuses of up to 3% for recurring purchases.
The launch of a full-fledged Earn program will address the main need of long-term investors—the ability to safely monetize their holdings within a regulated platform without moving them to complex and risky third-party DeFi platforms. The company has promised to disclose the official terms and interest rates in the coming weeks.
XRP byl na prezentaci Bitwise pro zhruba 400 správců majetku nejčastěji probíraným kryptem. Zároveň 67 % dotázaných zatím nealokuje klientská portfolia do krypta.
XRP generated more questions than any other cryptocurrency during a Bitwise presentation to approximately 400 wealth managers, research analyst Ryan Rasmussen said on Sept. 2.
Summary
About 400 wealth managers attended Bitwise’s presentation, where XRP generated the most audience questions overall. 67% of surveyed participants said they did not currently allocate client portfolios to cryptocurrency investments. 60% expected crypto prices to rise by year-end, according to Bitwise analyst Ryan Rasmussen’s poll. Another 60% said they planned cryptocurrency allocations within one year, although intentions may change materially. U.S. spot XRP funds ended eleven inflow sessions with approximately $7.2 million leaving September 2. Rasmussen and Bitwise chief investment officer Matt Hougan discussed Bitcoin, Solana, Hyperliquid, stablecoins and tokenization during the event. When asked about XRP afterward, Rasmussen said it was “the most asked about throughout the presentation,” adding that there was “a lot of interest.”
The statement provides evidence of attention among attendees at one Bitwise event. It does not establish that XRP is the most popular cryptocurrency among wealth managers generally, nor does it show that participants intend to invest specifically in XRP.
XRP interest contrasts with limited crypto allocations Rasmussen’s audience poll found that 67% of participants did not currently allocate to cryptocurrency. The wording did not specify whether the question concerned personal investments, client portfolios or firm-wide allocations.
Another 60% said they expected cryptocurrency prices to be higher by the end of 2026. The same share said they planned to allocate to the asset class within the next year.
XRP was the most asked about throughout the presentation. A lot of interest.
— Ryan Rasmussen (@RasterlyRock) September 3, 2026 Those responses reflect expectations and stated intentions rather than completed investment decisions. Market conditions, compliance policies and client risk limits could affect whether the planned allocations occur.
Bitwise did not publish the participants’ firms, assets under management, geographic distribution or sampling method. The results should therefore be treated as an informal event poll rather than a representative survey of the wealth-management industry.
XRP ETF flows provide a regulated access route U.S. spot XRP exchange-traded funds recorded 11 consecutive trading sessions of net inflows through Sept. 1, attracting approximately $170 million during the period, according to SoSoValue data.
The products had accumulated roughly $1.68 billion in net inflows since launching in November 2025. However, the streak ended on Sept. 2, when the funds recorded approximately $7.2 million in combined net outflows.
One negative session does not establish a longer-term reversal. Daily ETF flows can change because of portfolio rebalancing, short-term trading and broader market conditions.
Crypto.news previously reported that XRP’s recovery increasingly depended on sustained ETF inflows and regulatory progress. At the time, cumulative inflows had already exceeded the threshold used in one external bullish forecast, although the pace of new investment remained uneven.
Institutional filings show exposure, not investor intent Goldman Sachs was the largest disclosed institutional holder of U.S. spot XRP ETFs at the end of the second quarter, according to Bloomberg Intelligence data compiled from Form 13F filings.
The bank disclosed approximately $87.4 million in XRP ETF exposure. Jane Street followed with about $16.6 million, while Millennium Management reported roughly $16.2 million.
Form 13F filings provide quarterly snapshots of certain securities held by large investment managers. They do not explain whether positions are proprietary investments, client holdings, hedges or inventory supporting market-making operations.
The filings are also backward-looking. Second-quarter reports show positions as of June 30 and do not reveal changes made afterward. They support the conclusion that regulated XRP products have attracted professional market participants, but they do not prove a directional view on XRP.
Wealth managers still face allocation barriers Wealth managers considering cryptocurrency exposure must assess volatility, custody, liquidity, suitability and regulatory requirements. Approval processes can also differ between independent advisers, broker-dealers and larger financial institutions.
Spot ETFs remove the need to manage wallets or private keys directly. They nevertheless retain exposure to movements in the underlying cryptocurrency and can experience substantial price declines.
Interest in XRP may reflect several developments, including ETF availability, Ripple’s institutional expansion and activity across the XRP Ledger. In related coverage, crypto.news reported that Ripple’s regulated financial businesses continued expanding even as XRP’s price weakened.
The next measurable development will be whether the stated allocation plans produce sustained fund inflows. Future 13F filings will also show whether large managers increased, reduced or exited their XRP ETF positions during the third quarter.
For now, Bitwise’s event indicates curiosity rather than confirmed demand. XRP dominated questions from the audience, but most participants had not yet made any cryptocurrency allocation.
Evernorth je krok od vstupu na Nasdaq pod tickerem XRPN, čeká už jen na hlasování akcionářů. Pokud projde, začne s přibližně 473 miliony XRP v pokladně.
Evernorth, a company aiming to become the first publicly traded XRP treasury, is approaching a key milestone as it awaits a final shareholder vote to move forward with its public listing plans. The development has drawn attention from the cryptocurrency community, particularly after a recent statement by crypto analyst Dark Defender, who suggested that major changes could be ahead for XRP’s market dynamics.
Evernorth’s proposed transition to a public company centers around its business combination with Armada Acquisition Corp. II, a special purpose acquisition company listed on the stock market. Following recent regulatory steps, the combined entity would become one of the first public companies with a primary treasury focus on XRP, the digital asset developed by Ripple Labs.
On August 27, the US Securities and Exchange Commission (SEC) declared effective Evernorth’s Form S-4 registration statement, clearing a compliance hurdle but not signaling endorsement of the business model, the merger, or XRP as a security or investment. This action allows Armada’s shareholders to vote on the proposed transaction.
The shareholder vote is scheduled for September 30, 2026. If the remaining closing requirements are met and shareholders approve, Evernorth expects to begin publicly trading on Nasdaq under the ticker XRPN.
Dark Defender described these developments as bringing Evernorth “one shareholder vote away” from trading on Nasdaq, but noted that the listing is still conditional on completing all necessary steps.
Publicly available transaction documents show that Evernorth could begin with approximately 473 million XRP as its treasury holding if the plan is approved.
Evernorth’s major backers include Ripple, the founding company behind XRP, as well as Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR.
Mini dictionary: Armada Acquisition Corp. II – A special purpose acquisition company (SPAC) is a publicly listed firm formed to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company and taking it public without a traditional IPO process.
EventDateStatusSEC Form S-4 effectivenessAugust 27, 2026CompletedShareholder vote (Armada)September 30, 2026PendingExpected Nasdaq listingPost-approvalNot completedAnalyst highlights potential XRP supply impactCrypto analyst Dark Defender, who regularly comments on XRP market trends, linked Evernorth’s transition to the possibility of an XRP supply shock. In a series of social media posts, he referenced the recent SEC milestone and noted Evernorth’s apparent shift from quietly accumulating XRP to a more public-facing approach.
Dark Defender pointed to messages from the company, including a teaser that “someone new will be joining the Evernorth story,” interpreting this as a sign that its initial accumulation phase may be ending.
He observed, “A treasury (Evernorth) has one job: buying quietly. But they started teasing. You only start talking when the quiet part is done.”
He concluded by predicting that “an XRP supply shock is inevitable,” though this perspective remains an analyst’s view and is not confirmed by Evernorth.
Outlook for Nasdaq listing and XRP marketIf the business combination is approved and Evernorth lists on Nasdaq, public investors will gain exposure to a company holding a significant amount of XRP and pursuing growth strategies linked to the XRP ecosystem. The company’s business plan includes not only holding XRP but deploying capital into projects and infrastructure built around the asset, aiming to increase its value and utility.
Any supply reduction in available XRP on the market would depend on the scale and pace of Evernorth’s purchases, overall market liquidity, and future decisions regarding its treasury management. The timing and impact of such changes are still uncertain and will be closely monitored by market participants.
Konsorcium 21 bank vedené Goldman Sachs a MUFG Bank plánuje vlastní stablecoin v americkém dolaru. Bývalá manažerka Ripple Emi Yoshikawa to označila za „déjà vu“.
A new consortium of 21 global banks, led by Goldman Sachs and Japan’s MUFG Bank, has unveiled plans to develop its own U.S. dollar stablecoin, drawing significant attention from industry leaders. Emi Yoshikawa, a longtime fintech entrepreneur and former vice president of strategic initiatives at Ripple, reacted to the announcement by expressing a strong sense of “déjà vu,” noting that this is the precise trajectory she had anticipated for major banks and digital assets.
TradFi’s approach: control and isolationYoshikawa’s eight years at Ripple, where she helped shape the company’s institutional growth in Asia, inform her remarks. She highlighted a common pattern in traditional finance: after years of evaluating external blockchain solutions, leading banks ultimately prefer to create their own closed frameworks. By doing so, they maintain control over liquidity, compliance, and transaction fees, rather than integrating with established platforms such as the XRP Ledger from Ripple.
Yoshikawa emphasized that the largest banks repeatedly move toward systems they can fully oversee, rather than adopting open networks, reflecting consistent strategic priorities across the industry.
Goldman Sachs, one of the world’s largest financial institutions, is collaborating with Mitsubishi UFJ Financial Group (MUFG), Japan’s leading bank by assets, to spearhead this stablecoin initiative. The project is characteristic of a shift where top banks avoid third-party blockchain integration and build bespoke solutions for institutional needs.
Mini dictionary: MUFG Bank, or Mitsubishi UFJ Financial Group, is the largest banking institution in Japan and a major global financial services provider.
Japan’s dual-track stablecoin developmentThe news coincides with developments in Japan, where MUFG Bank is active in another ambitious digital asset project. By March 2027, MUFG, along with fellow megabanks SMBC and Mizuho, plans to launch interbank settlements using a yen-based stablecoin. This product, built on the Progmat platform originally developed within MUFG, could potentially enable controlled blockchain-based yen-to-dollar conversions for cross-border transactions.
As the only Asian participant in the U.S. dollar stablecoin initiative, MUFG’s involvement in both projects places it at the intersection of global and domestic stablecoin innovation.
Mini dictionary: Progmat is a blockchain-based platform established by MUFG to support digital assets and programmable money, helping banks issue and manage stablecoins in Japan.
Stablecoin competition and market segmentationThe bank consortium aims to serve internal settlements among member banks and large corporate clients, offering direct interbank payments and coordinated audits. However, this focus overlaps with use cases already targeted by established, regulated crypto-native stablecoins such as RLUSD from Ripple and USDC.
By September 2026, RLUSD’s market capitalization rose above $2 billion, with over $1 billion of the asset issued on the XRP Ledger. In June, Japanese financial authorities officially approved RLUSD trading on the SBI VC Trade exchange.
StablecoinIssuerTarget UsersMarket CapitalizationRegulatory StatusBanking consortium USD stablecoinGoldman Sachs, MUFG and partnersInterbank, large corporatesN/A (to be launched)Planned for 2027RLUSDRippleOpen fintech, retail, DeFi$2 billion (Sep 2026)Approved by JFSA (June)The overlap in objectives could drive market segmentation. Banking tokens concentrate on closed-loop, highly auditable transactions between consortium members, while regulated open-market stablecoins like RLUSD and USDC remain active in fintech, retail, and decentralized finance sectors, where fast and flexible implementation is important.
Yoshikawa noted that alliances with as many as 21 major participants often struggle to achieve timely consensus and effective governance, giving independent stablecoins a practical time advantage as the banking network works to finalize its rules for a 2027 launch.
Standard Chartered rozšířila v SAE své regulované služby o spotové obchodování s Bitcoinem a Ethereem pro institucionální klienty. Tvrdí, že je první G-SIB a jedinou globální bankou v regionu s touto nabídkou.
Standard Chartered has expanded its regulated digital asset business in the United Arab Emirates (UAE) with spot Bitcoin and Ethereum trading for institutional clients, adding the service to a regional crypto offering that already includes custody.
The London-headquartered bank introduced digital asset custody in the UAE in September 2024. In June 2026, it followed with a banking agreement allowing CoinMENA to use Standard Chartered for fiat on- and off-ramps, client money accounts and transaction management through virtual accounts.
The bank is providing the new service through Standard Chartered DIFC, an entity regulated by the Dubai Financial Services Authority (DFSA).
Institutional Clients Gain Spot Crypto Access Eligible institutions can access spot Bitcoin (BTC) and Ethereum (ETH) trading through electronic trading channels integrated into Standard Chartered’s existing platforms.
Standard Chartered said Thursday that it is the first Global Systemically Important Bank (G-SIB) to offer the capability in the UAE and the only global bank currently providing institutional digital asset spot trading in the region.
Other Platforms Seek UAE Crypto Approvals The launch comes amid broader efforts by cryptocurrency and trading businesses to secure regulatory authorization for digital asset products in the UAE.
Capital.com disclosed plans in August to provide spot crypto services to UAE clients after its affiliate, Capital Vault UAE, obtained a virtual-asset licence from the country’s Capital Market Authority (CMA).
Revolut also moved to expand its crypto services in July, when the neobank received in-principle approval from Dubai’s Virtual Assets Regulatory Authority to provide crypto-related services in the UAE.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
RealFi oznámil spuštění své DeFi platformy na mainnetu Cardana na 1. října 2026. Do Pioneer Season se zapojilo přes 3 600 uživatelů a provedli přes 40 000 akcí.
Following its public testnet phase, RealFi has set the launch date for its decentralized finance (DeFi) platform on the Cardano mainnet.
The RealFi team announced the date while providing an update on its Pioneer Season, which has served as a testing and feedback phase ahead of the mainnet rollout. According to the team, the platform will officially launch on Cardano on October 1, 2026.
Update on RealFi Pioneer Season Notably, the team noted that more than 3,600 users have participated in RealFi’s Pioneer Season, completing over 40,000 quest actions on the public testnet.
The team said the testnet provided valuable insights into how users interact with the platform while helping developers identify areas for improvement. Rather than serving as a simple demonstration, the Pioneer Season allowed RealFi to collect real user activity and community feedback and use those insights to refine the platform ahead of its mainnet debut.
RealFi also clarified that the Pioneer Season will continue until the mainnet launch. However, the extension does not reflect any major problem or setback.
Instead, the team plans to use the additional time to incorporate community feedback and strengthen the platform’s overall readiness. RealFi said it wants to make the transition to mainnet as smooth and polished as possible, with more details about the launch and changes for Pioneer participants expected closer to October.
RealFi Targets Real-World Finance on Cardano RealFi (Real Finance) aims to connect Cardano’s cryptocurrency liquidity with real-world financial activities and assets. Its broader vision includes microloans, real-world asset-backed financial products, and yield generated from productive economic activity rather than purely speculative trading.
The ecosystem’s key products include USDr, a Cardano-native dollar-pegged stablecoin backed by real-world assets, and sUSDr, a yield-bearing asset designed to generate returns from the underlying real-world asset portfolio.
Hoskinson Expects RealFi to Boost Cardano TVL Meanwhile, Cardano founder Charles Hoskinson also retweeted the latest announcement, signaling his support for the project. In a recent commentary, Hoskinson highlighted RealFi as one of the initiatives that could help drive Cardano’s next phase of growth. He believes the platform could attract billions of dollars into the Cardano ecosystem.
According to Hoskinson, users deposit assets into RealFi’s smart contracts, where the funds remain locked while generating yield. As participation grows, these deposits can increase Cardano’s total value locked (TVL), while deposits, withdrawals, and yield distributions also generate additional on-chain activity. In the meantime, Cardano’s TVL currently stands at $64.23 million, up 4.99% over the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano is becoming more accessible to mainstream users as ChatterPay enables WhatsApp users to send and receive ADA directly through the messaging platform.
According to ChatterPay co-founder Tomás Di Mauro, WhatsApp users can now send ADA and Circle’s USDCx on Cardano to any WhatsApp contact globally. The integration brings Cardano-based payments into one of the world’s most widely used messaging platforms and could expose ADA to WhatsApp’s massive user base.
Notably, WhatsApp has more than 3 billion monthly active users, giving the integration a potentially significant reach and creating another avenue through which Cardano could reach mainstream audiences.
ChatterPay Brings Cardano Payments to WhatsApp The integration is powered by ChatterPay, a user-friendly, non-custodial WhatsApp wallet backed by Orion Fund. The wallet aims to simplify blockchain transactions for users without technical knowledge or extensive cryptocurrency experience.
Through ChatterPay, users can send ADA or USDCx directly to their WhatsApp contacts. The service aims to remove the complexity traditionally associated with creating and using blockchain wallets, making Cardano payments easier for everyday users.
How ChatterPay Works on WhatsApp ChatterPay also simplifies the process of creating a Cardano wallet. Users can begin directly through the ChatterPay Bot on WhatsApp by sending a message such as, “Hi! I want to create an account.”
Users can then enter a referral code if they have one or continue without one. The bot subsequently creates a Cardano wallet that users can use to receive funds.
Once the wallet is set up, users can manage several functions through the bot, including sending ADA, purchasing crypto, and checking their balance.
Sending ADA to WhatsApp Contacts The process is designed to be straightforward. Users can open WhatsApp, select a contact, enter the amount they want to send, and choose ADA or USDCx.
ChatterPay then requests confirmation before processing the transaction. In addition, users can send funds to Cardano users outside WhatsApp by entering their Cardano wallet address. They can also attach customized messages to their transfers.
This approach could make blockchain payments feel more similar to sending a regular message on WhatsApp, potentially lowering the barrier to entry for people unfamiliar with traditional crypto wallets.
Beyond Cardano, ChatterPay supports other major blockchain networks, including Bitcoin, Solana, and Ethereum. Consequently, the WhatsApp wallet is positioning itself as a broader gateway for digital-asset transactions rather than a Cardano-only payment solution.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
PancakeSwap nově uvádí na burzu $SHEINx, syntetický token sledující cenu akcií SHEIN na hongkongské burze. Nejde o skutečné akcie ani nepřináší vlastnictví, dividendy ani hlasovací práva.
SHEIN went public on the Hong Kong Stock Exchange on September 1, 2026, and almost immediately, a tokenized version of its stock showed up on PancakeSwap. The decentralized exchange now lists $SHEINx, a synthetic tracker that gives DeFi users exposure to SHEIN’s equity price movements without touching traditional brokerage infrastructure.
The IPO behind the token SHEIN offered 280 million Class B shares at HK$48.56 each, raising roughly HK$13.6 billion, or about $1.7 billion. That priced the company at a $26.5 billion valuation, which sounds impressive until you remember that private market rounds once tagged the fast-fashion juggernaut at close to $100 billion.
The debut trading session reflected that caution. Shares dropped as much as 10% intraday before clawing back to close roughly flat. The following session brought further slippage. SHEIN also reported a deceleration in revenue growth, with only an 8% increase in 2025 compared to 20.7% the prior year, and posted a net loss in the first quarter of 2026 linked to changes in U.S. tariffs on low-value imports.
What $SHEINx actually is $SHEINx is not SHEIN stock. That distinction matters enormously.
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The token is a synthetic instrument, meaning it tracks the price of SHEIN’s Hong Kong-listed shares but does not confer ownership, dividends, or voting rights. The product comes from xStocks, a platform that has built out tokenized versions of over 700 equities and ETFs across Solana and EVM-compatible chains. PancakeSwap, which operates primarily on BNB Chain, is one of the venues where these tokens can be swapped.
Trading hours for $SHEINx align with the Hong Kong Stock Exchange’s session, running from 9:30 a.m. to 4:00 p.m. HKT. Outside those hours, the token doesn’t actively track live price movements, since the underlying market is closed.
The appeal is straightforward: someone sitting in Lagos, Buenos Aires, or Jakarta who wants exposure to SHEIN’s stock price can get it with a crypto wallet and a stablecoin balance. No brokerage application, no KYC queue for a Hong Kong securities account, no settlement delays.
The trade-off is equally straightforward: no investor protections, no recourse if the synthetic mechanism breaks, and liquidity that depends entirely on DeFi market makers rather than institutional order flow.
Tokenized equities are quietly becoming a real category Over 700 tokenized equities and ETFs across multiple chains is not a trivial number. It suggests the plumbing, including oracle feeds, market-hours logic, and liquidity pool design, has reached a level where new listings can be spun up almost as fast as a traditional exchange can onboard a new ticker.
For SHEIN specifically, the tokenized version introduces some notable dynamics. The company’s public float is restricted to approximately 5% following significant cornerstone allocations. That can create pricing friction for the synthetic token, since the reference market itself may not have deep enough liquidity to absorb large moves gracefully.
For SHEIN, the tokenized version is largely out of its control. The company did not issue $SHEINx and receives no proceeds from its trading. But the token’s existence does extend SHEIN’s investor base, at least indirectly, to a demographic that might never open a Hong Kong brokerage account.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Backpack US jmenovala spoluzakladatele Multicoin Capital Kylea Samaniho do představenstva, aby podpořila expanzi regulovaných finančních služeb v USA. Samani je raný investor do Solany.
Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Sept. 2 as the company expands its regulated financial services in the United States.
Summary
Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Wednesday. Samani stepped back from Multicoin in February while retaining an advisory relationship with the firm. He remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Backpack says the appointment will support its expansion across regulated U.S. and onchain financial markets. Backpack reports serving users across 150 countries and processing more than $450 billion in volume. Samani is an early Solana investor and a longtime supporter of blockchain based capital markets. He stepped back from managing Multicoin Capital in February 2026 but retained an advisory relationship with the venture firm.
The appointment gives Samani a governance role at Backpack US rather than an executive position. Backpack did not disclose his term, compensation, committee assignments or specific responsibilities.
Backpack CEO Armani Ferrante said Samani’s experience with decentralized networks and crypto regulation made him a suitable adviser. Ferrante said Samani understands the company’s plan to connect traditional financial markets with blockchain infrastructure.
Samani brings Solana and venture capital experience Samani cofounded Multicoin Capital in 2017 and helped establish the firm as an early institutional investor in Solana. Multicoin has also backed projects focused on decentralized finance, blockchain infrastructure and crypto trading.
Samani announced his departure from Multicoin’s daily management in February. He said he planned to explore other areas of technology while continuing to advise the firm.
He also remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Forward adopted the strategy after completing a $1.65 billion private placement led by Multicoin, Galaxy Digital and Jump Crypto in 2025.
The strategy is designed to increase the company’s exposure to SOL and expand its SOL holdings per share. Those objectives are corporate targets rather than guaranteed results.
Samani’s Forward Industries position gives him experience overseeing a public company with a digital asset treasury. It also connects him closely to the Solana ecosystem, which remains central to several Backpack products.
Backpack did not explain how it would address potential conflicts involving Samani’s roles at Forward and Multicoin. The company also did not disclose whether he would be excluded from decisions involving Multicoin portfolio companies.
Backpack US focuses on regulated financial products Backpack describes itself as a financial services group connecting crypto markets with traditional finance. Its products include a crypto exchange, a self custody wallet and Backpack Securities.
The company says Backpack Securities combines a regulated brokerage with a tokenization platform. Its stated objective is to provide access to conventional securities and blockchain based asset distribution within one product environment.
Backpack did not identify the U.S. licenses held by each group entity in its appointment announcement. It also did not provide registration numbers or explain which entity would handle brokerage, custody, tokenization and trade execution.
Companies providing securities brokerage services in the United States generally must register with the Securities and Exchange Commission and become members of the Financial Industry Regulatory Authority unless an exemption applies. Specific registrations should therefore be confirmed against official regulatory records as Backpack expands its services.
The company has already followed a regulated expansion strategy in Europe. Backpack acquired FTX EU and assumed responsibility for returning funds to eligible former customers. The company later addressed questions surrounding its purchase of FTX EU.
Backpack subsequently launched its European exchange through a Cyprus based entity operating under the Markets in Financial Instruments Directive framework. That expansion gave the company a regulated route for offering crypto derivatives to eligible European customers.
Equity trading supports Backpack’s broader strategy Backpack said Samani’s appointment followed the launch of continuous trading for several equity products. It named SpaceX, Micron, SanDisk and SK Hynix among the assets available through its services.
The company described its offering as trading in “real” equities alongside a growing range of tokenized stocks. However, the announcement did not provide a complete explanation of the execution venues, custody structure, settlement system or shareholder rights attached to each product.
Those distinctions matter because traditional shares, tokenized shares and price tracking instruments do not always provide identical rights. Depending on the structure, investors may not receive direct voting rights, dividend claims or ownership of the underlying security.
Other crypto platforms are developing similar services. Kraken recently introduced more than 7,000 traditional U.S. stocks for eligible European customers alongside its tokenized xStocks products.
Kraken has also allowed eligible traders to use certain tokenized stocks as collateral for futures and margin positions. The development reflects growing competition among crypto companies seeking to combine securities exposure with blockchain based trading systems.
Samani said the future of capital markets involves combining “institutional risk controls with onchain efficiency and transparency.” His comment represents his assessment of the market’s direction, not a confirmed outcome for Backpack’s products.
Board appointments support Backpack’s U.S. expansion Samani joins a board that also includes former acting SEC chairman Michael Piwowar, whom Backpack appointed earlier in 2026. The appointments add venture capital, public company and securities regulation experience to Backpack’s governance structure.
Backpack said its leadership additions would support the creation of regulated infrastructure connecting traditional and digital assets. It has not announced new product approvals or regulatory licenses resulting from Samani’s appointment.
The company reports serving customers in more than 150 countries and regions and processing over $450 billion in trading volume. These figures come from Backpack and were not accompanied by an independently audited breakdown in the board announcement.
Backpack has not provided a fixed schedule for expanding its U.S. equity or tokenized asset services. It also has not disclosed whether Samani’s appointment is connected to a specific product launch, acquisition or licensing application.
The next relevant updates will involve Backpack’s U.S. registrations, customer eligibility rules and product structure. Further disclosures may clarify which entities handle securities execution, custody and token issuance.
Until then, the appointment represents a governance step supporting Backpack’s stated U.S. strategy. It does not by itself confirm regulatory clearance for additional securities or tokenized asset products.
US-based Solana spot ETFs have achieved 11 uninterrupted days of positive net inflows, with $10.9M recorded on September 1 Cumulative ETF net inflows have surged to $1.35 billion, while total assets under management reach $1.39 billion Derivatives trading volume for SOL increased 22% to $9.43 billion, though open interest saw a marginal decline SOL maintains position above critical $95 support zone with potential breakout levels identified at $110 and $120 Technical analyst Wealthmanager projects long-term price objective of $250 contingent on support level maintenance Solana (SOL) is currently changing hands near $99 following a modest correction of approximately 3% over the last 24-hour period. However, this short-term retracement hasn’t diminished the impressive 35% gain SOL has registered across the previous two weeks.
Solana (SOL) Price The cryptocurrency dipped to $99.35 but managed to defend the psychologically significant $100 threshold throughout most of the trading session. Trading activity has been contained within a range of $97.38 to $100.71.
Solana ETFs in the US Achieve 11-Day Consecutive Inflow Streak Exchange-traded funds tracking Solana spot price in the United States have now registered positive net inflows for an unbroken sequence of 11 trading days. September 1 witnessed daily net inflows of $10.19 million, while the prior session contributed $10.9 million.
Aggregate net inflows spanning all available products have climbed to $1.35 billion. Total assets under management across these instruments stood at $1.39 billion, accompanied by $68.55 million in daily trading volume.
Bitwise dominated daily capital attraction with $6.17 million in new inflows, while Fidelity captured $2.67 million. Morgan Stanley contributed $1.36 million to the total, whereas other registered funds reported zero new capital influx for the period.
Bitwise maintains the commanding position among providers, managing $949.83 million in assets with cumulative lifetime inflows reaching $1.03 billion. This sustained streak demonstrates consistent institutional appetite even amid temporary price volatility.
Cryptocurrency market analyst Ali Charts shared insights on X, urging his audience to abandon bearish positioning on Solana. He emphasized that the technical configuration is shifting toward bullish territory and suggested securing positions ahead of the next significant price movement for $SOL.
Solana Derivatives Market Displays Heightened Trading Activity Trading volume in Solana derivatives contracts expanded 22% to reach $9.43 billion, indicating elevated trader engagement. Conversely, open interest contracted 1.40% to $6.47 billion, implying that certain leveraged positions underwent liquidation or closure.
Options contract volume surged 19.30% to $15.18 million. Open interest in options contracts experienced a modest 2% increase to $135.98 million.
The Relative Strength Index currently registers at 62.15, having retreated from previously overbought conditions. The Chaikin Money Flow indicator reads 0.25, signaling continued capital accumulation within SOL.
Solana continues defending the $95 support threshold, which market analysts identify as essential for preserving the current recovery trajectory. A confirmed daily close above $100 would establish a pathway toward the $110 resistance zone.
Successfully breaching $110 with substantial volume could trigger further upside momentum toward the $120 level. Market analyst Wealthmanager identified $250 as a viable long-term objective should SOL successfully validate its previous resistance area as new support following a breakout from the macro downtrend pattern.
On the bearish scenario, failure to hold $95 would expose SOL to downside pressure toward the $90 level. A decisive breakdown below $90 would redirect market attention toward the $80 support zone.
The latest ETF statistics confirmed $10.9 million in net inflows on September 2, extending the remarkable 11-day positive streak.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu long-time community member Mazrael highlighted the deployment of Safe v1.4.1 on the Shibarium network in a recent X post.
According to Mazrael, nine Safe contracts are now live and verified on Shibarium explorer Shibariumscan, while a corresponding pull request, 'safe-deployments PR#1666,' has been opened for the deployment registrations.
"Safe v1.4.1 (9 contracts) live + verified on Shibariumscan. Safe-deployments PR#1666 opened," Mazrael said in his X post, alongside a screenshot that outlined the nine contracts deployed and verified.
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Mazrael noted that Safe reviews canonical-deployment registrations on a two-week cadence with monthly releases.
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Safe is widely used as infrastructure for smart-account and multisignature wallet functionality. Its deployments can provide projects with established tooling for managing assets and executing transactions through multiple signers.
What's being added?According to a GitHub document, "Add Shibarium (chain 109) — Safe v1.4.1 canonical deployment," all nine Safe v1.4.1 contracts are now deployed on Shibarium mainnet at their canonical addresses via the Safe Singleton Factory (0x914d7Fec6aaC8cd542e72Bca78B30650d45643d7), and verified on the chain's block explorer.
Shibarium already has v1.3.0 registered through the eip155 deployment set, but PR #1666 adds v1.4.1 at the canonical addresses, which implies the 'SafeProxyFactory' is at the same address as on every other canonical chain, so Safes created on Shibarium share addresses with their counterparts on other networks. The existing v1.3.0 eip155 factory cannot provide that.
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In the context of deployed contracts, every address matches 'deployments.canonical.address' and each on-chain runtime 'keccak256(code)' matches the 'deployments.canonical.codeHash' published in the repository.
Shibarium not dead?As reported, Mazrael pushed back against claims that Shiba Inu layer-2 Shibarium is no longer functioning, saying the network remains operational. He noted that the Shibarium infrastructure is still being maintained and migrated, and the community is still operating around it.
In this light, Shibarium explorer Shibarium Scan is currently experiencing a reset with 50% of blocks indexed. As reported, Shibarium's explorer went behind Cloudflare on August 11, with an infrastructure migration following this outage.
Zastaralý kontrakt Rain na Solaně umožnil útok, při němž bylo z kolaterálních účtů karetních programů odcizeno asi 1,1 milionu USD. Rain uvedl, že všechny zasažené programy už byly aktualizovány.
TLDR An outdated Rain Solana contract allowed unauthorized withdrawals from card collateral accounts across multiple programs. Blockaid estimated about $1.1 million was stolen, with proceeds later entering Tornado Cash on Ethereum. Avici reported $500,859 drained from 1,685 users, while Tria identified $431,945 affecting 636 customers. Rain said every program using the vulnerable contract version has been upgraded since the attack. Self-custodial wallets were unaffected because the attacker targeted separate contracts holding funded card balances. An attacker exploited an outdated Rain card contract on Aug. 28, taking about $1.1 million from stablecoin card programs on Solana. Blockchain security firm Blockaid tracked the incident and published its findings.
Rain provides infrastructure that lets crypto companies issue cards funded with stablecoins. Customer deposits move into collateral accounts controlled by onchain contracts.
These collateral accounts are separate from a user’s personal wallet. Their safety depends on the code and controls set up by the infrastructure provider.
Blockaid found four contract deployments sharing the same code as the flawed version. The attacker drained funds from at least two of them.
Earlier today, Rain’s monitoring systems discovered a vulnerability impacting a small number of programs using an outdated version of our Solana contracts. Other programs were not impacted. Rain immediately launched an investigation to determine the full scope of the situation.…
— Rain (@raincards) August 28, 2026
How the Exploit Worked The outdated contract required two separate approvals before certain actions could happen. It used Solana’s Ed25519 verification system to check signatures.
Blockaid said the attacker reused one signature so it looked like two separate approvals. This let the attacker bypass the requirement without permission from account owners.
An attacker exploited an outdated Rain contract, draining $1.1M in user card balances from @avici, @useTria, and other crypto neobanks.
Blockaid's Onchain Monitoring gives stablecoin card issuers the capability to detect exploits across their fleet of contract deployments.
Read… pic.twitter.com/vzMQfPkdtT
— Blockaid (@blockaid_) September 2, 2026
After bypassing the check, the attacker gave itself admin access over individual accounts. It then withdrew USDC and USDT from those accounts.
Blockaid recorded 2,945 admin additions and 5,288 withdrawal calls. In total, it counted 8,233 exploit transactions over about two hours and 29 minutes.
The first two withdrawals happened three seconds apart. This pace suggests the attacker had built a system to target many accounts quickly.
Where the Funds Went The stolen stablecoins were sent to one Solana wallet. The attacker then swapped them for SOL using decentralized exchanges.
Blockaid traced the funds from Solana to Ethereum through the deBridge cross-chain protocol. About 455.9 ETH entered Tornado Cash between 19:20 and 19:49 UTC.
Tornado Cash mixes deposits so withdrawals can’t easily be linked to the original wallet. Blockaid said the funds had not been recovered as of its report.
Two Ethereum addresses were linked to the early funding of the attacker’s Solana activity. Neither Rain nor law enforcement has named who controls those addresses.
Avici said the attacker took $500,859.22 from 1,685 users. The company refunded all affected customers and added 10% cashback.
Tria reported losses of about $431,945 across 636 customers. It said each customer would be reimbursed.
Blockaid also named Solayer Pay as an affected program, though no confirmed loss figure was available for it. The gap between disclosed losses and Blockaid’s $1.1 million estimate has not been fully explained.
Avici’s token dropped 49% from its daily high after news of the exploit spread. It reached a low of $0.217 before recovering some value. Tria’s token also fell more than 10% at one point.
Rain said every program running the outdated contract has been upgraded. The company reported no further unauthorized activity since making the changes.
Rain has not released a full technical report or explained why older contract versions remained in use. It also has not said whether an audit caught the flaw before the attack happened.
Kraken Derivatives 1. října vyřazuje z nabídky 77 perpetuálních kontraktů, včetně AEVO, ARKM, GMX a dalších. Po zastavení obchodování budou kontrakty vypořádány a odstraněny z platformy.
Kraken’s official announcement states that Kraken Derivatives will delist 77 perpetual contracts at 12:00 UTC on October 1, covering assets including 2Z, AEVO, AIXBT, AKT, ANKR, ARKM, AR, BLUR, CELO, ENJ, GMT, GMX, IOTA, MINA, NEO, THETA, VET, ZIL, ZRX, and others. Once trading on these contracts is halted, they will be settled and removed from the platform. Separately, Kraken will delist perpetual contracts for SUN, MTL, IOST, and XVS on September 3, and COTI perpetual contracts on September 7.
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Farmmi vzrostla až o 321 % během dne poté, co se na Robinhood Chain začal obchodovat token FAMI bez vazby na skutečné akcie. Token vytvořila jediná peněženka a má pevnou nabídku 37 430 000 tokenů.
The FAMI token that Money Mushroom trades against on Robinhood Chain is not a Robinhood stock token. Its 37,430,000 supply, close to Farmmi's entire share count, was minted in a single transaction by a wallet that kept 38% and now runs a contract named PoolRepricer to manage the price.
Shares of Farmmi, a Chinese supplier of dried mushrooms and bulk farm commodities listed on the Nasdaq Capital Market, traded as high as $0.50 on Wednesday from Tuesday's $0.1187 close, after a memecoin named for a mushroom variety in the company's own annual report began trading against its tokenized shares on Robinhood Chain.
But the token traders bought on Wednesday as tokenized Farmmi stock was created by one wallet, which minted the whole supply in a single transaction, kept 38% of it, and has spent the two days since adjusting the pools its price is read from. Farmmi's actual shares on the Nasdaq Capital Market rose as much as 321% while it traded, according to Nasdaq.
Nothing Connects Tokenized Farmmi with Actual Farmmi SharesNothing connects that token to a Farmmi share. Robinhood's own stock tokens are “tokenised debt securities issued by Robinhood Assets (Jersey) Limited,” and only an authorized participant may subscribe for them directly from that entity, according to Robinhood's developer documentation. That mint-and-redeem path is what holds their prices near the shares they reference.
This one has no issuer, no redemption and a fixed supply. Its two mint events both sit inside the deployment transaction, against 2,215 mints and 30 burns on Robinhood's HIMS token, and the wallet that created it has been calling a contract of its own to move the pools since. The pairing loop that traders on the chain have spent two months betting on ran, in its first apparent success, on an imitation.
This one has no issuer, no redemption and a fixed supply, and its price is managed by the wallet that created it. The pairing loop that traders on the chain have spent two months betting on ran, in its first apparent success, on an imitation.
Farmmi traded at $0.1474 at 2:28 p.m. ET, up 24.2% on the day after touching $0.50 at 10:45 a.m., with 806,801,403 shares changing hands against an average volume of 5,251,331, according to Nasdaq. That is 154 times the daily average. Nasdaq's own quote page carries an “out of compliance” flag on the listing.
Two Mints, Then NothingThe FAMI token at 0x5D2e81cB3A6FECe856B824Dfd7e1d6D3dbaD8cd9 has two mint events in its entire history, both in the transaction that created the contract, at block 52,043,711. One sent 23,206,600 tokens to 0x5fD25Ceee9881C4704dEa6ce82B2d5e0401dC632 and the other 14,223,400, or 38.0%, to 0xd28d0b3dc4799D04E01A45f13b932ADAb89b7B0d, the address that deployed it. Supply has not changed since, according to Transfer logs read from the Robinhood Chain RPC.
Robinhood's HIMS token, by comparison, has 2,215 mint events and 30 burns. Every genuine stock token on the chain also carries the issuer in its name, from “NVIDIA • Robinhood Token” to “Hims & Hers Health, Inc. • Robinhood Token,” and holds a supply in the thousands: 56,974 NVDA tokens, 12,971 AAPL, 67,014 HIMS. This contract is named “Farmmi, Inc.” with no suffix, runs 1,916 bytes of code against the 283 bytes of Robinhood's proxies, and holds 37,430,000 tokens against the 37,434,077 Class A shares Farmmi reported outstanding after its June offering.
A search of the chain's token index returns one FAMI token, this one, with 2,696 holders. Robinhood brokers Farmmi shares to its customers. It has not issued a Farmmi stock token.
The trader who posts as bheau flagged the distinction on Wednesday morning, writing that “the typical flow of rh stocks (authorized participants can mint/redeem tokens to help arb the price) doesn't apply.”
The PoolRepricerThe deployer's address has 40 transactions, all of them from Tuesday 5:34 p.m. ET onward. Six created pools. Seven called Uniswap's PositionManager to modify liquidity, the most recent at 11:03 a.m. ET Wednesday. Two called reprice on a verified contract named PoolRepricer that the same wallet deployed, at 7:28 a.m. and 9:38 a.m. ET. Blockscout labels the token contract itself TokenizedStock.
The deployer's balance has fallen from 14,223,400 tokens to 906,981. The address holding the other 62% is down from 23,206,600 to 19,463,600.
Above The Dollar LineThe token and the stock traded apart all session. FAMI reached $1.83 in its USDG pool at 10:45 a.m. ET, the same five-minute bar in which the Nasdaq stock set its $0.50 high, and its five-minute highs stayed above $1.00 from 10:30 a.m. to 11:15 a.m., according to GeckoTerminal. Farmmi itself has to close at $1.00 or better for ten consecutive business days to cure a listing deficiency. Its token cleared the line for 45 minutes; the shares got halfway.
The token traded at $0.2135 at 2:28 p.m. ET, 45% above the stock, on $131.4 million of pool volume across 126,565 transactions.
Ninety Thousand Trades In Five HoursMoney Mushroom, ticker JINQIAN, deployed at 0xe81880c1C5054245e036359f5c7be31606E79F56 with a one billion token supply. Its pool against FAMI was created at 9:32 a.m. ET, two minutes after the Nasdaq open, and has turned over $92.0 million across 92,926 transactions from 9,255 buying addresses and 6,976 selling addresses, according to GeckoTerminal.
JINQIAN's first print was $0.00089 at 9:35 a.m. ET. It reached $0.0761 at 10:45 a.m., 85 times that, and traded at $0.0058 at 2:25 p.m., down 92% from the peak.
At least ten other memecoins launched against the FAMI token within half an hour of JINQIAN, including tokens ticking as FARMMI, MUER, FAMILY, GME and CASH CAT, DEX Screener records show. None cleared $300,000 in volume.
The Word In The FilingThe memecoin takes its name from Farmmi's product description. In its Form 20-F for fiscal 2025, filed Feb. 10, the company writes that “our Shiitake products include different varieties such as floral mushroom and Jinqian (‘money’) mushroom.” Farmmi supplies dried mushrooms and trades bulk cotton and corn out of Lishui, in Zhejiang province.
Farmmi's most recent filing with the SEC is a July 6 report on a $3.0 million share sale, according to EDGAR. The company has issued no statement on the token or the trading.
Ten Days Above A DollarFarmmi received a Nasdaq deficiency letter dated Aug. 11 for trading below $1.00 for 30 consecutive business days, the company said in an Aug. 12 press release. Under Listing Rule 5550(a)(2) it has until Feb. 8, 2027 to regain compliance, which requires a closing bid price of at least $1.00 for a minimum of ten consecutive business days. The company said it is monitoring the share price and evaluating options, and that any reverse split would have to be completed ten business days before the deadline.
Farmmi sold 7,000,000 Class A shares at $0.25 apiece plus pre-funded warrants for 5,000,000 more in a June offering underwritten by Aegis Capital, taking shares outstanding to 37,434,077, according to its prospectus supplement.
The Loop Traders WantedThe pairing mechanism has been running on Robinhood Chain since July without moving an underlying stock. BONER, a token built around the short interest in Hims & Hers Health, held more than half the tokenized HIMS float in a single pool in late August without moving the stock. On Monday a pseudonymous account claimed to have bought 37.4% of an unnamed Nasdaq company at $0.12 a share specifically to run the trade, and filed no Schedule 13D describing it.
0xSammy, an account with 91,200 followers that publishes a newsletter tracking tokenized equities, described Wednesday's sequence as “onchain meme → tokenized stock demand → viral screenshots → offchain penny-stock buyers,” and wrote that the meme has not saved the listing.
Robinhood launched the chain's mainnet on July 1 as infrastructure for tokenized securities, and it passed Solana in tokenized stock volume via memecoin pairs by late July and Ethereum in daily app revenue on Aug. 29. Total value locked stands at $756.7 million and 24-hour DEX volume at $1.69 billion, according to DefiLlama.
Stock data via Nasdaq at 2:28 p.m. ET. Onchain figures via GeckoTerminal, Blockscout and the Robinhood Chain RPC at 2:28 p.m. ET on Sept. 2.
The Commodity Futures Trading Commission is seeking to dismiss CME’s lawsuit challenging the agency’s approval of Kalshi’s Bitcoin perpetual futures in May.
According to a Sept. 2 filing shared by Jake Chervinsky, CEO of Hyperliquid Policy Center, the CFTC called the suit “much ado about nothing,” arguing that CME lacks standing and has not presented a viable legal claim.
The agency said CME has not identified any restriction preventing it from offering the same type of perpetual futures, making the lawsuit an attempt to challenge the CFTC’s regulatory classification rather than an actual competitive injury.
The CFTC also defended its decision to classify the products as futures rather than swaps, arguing that “perpetual futures are futures.”
The agency said CME’s core objection is not that the agency lacks authority to approve the contracts, but that it disagrees with how the products were legally classified. It added that CME has failed to show any concrete harm from Kalshi’s contracts.
CME Group has sued the CFTC over the regulator’s decision to let Kalshi offer Bitcoin perpetual futures, setting up a major clash over whether prediction markets can expand into products traditionally offered by derivatives exchanges.
Perps contracts let traders maintain leveraged positions on crypto prices indefinitely because they have no expiration date. The CME argues that the CFTC’s approval violated the Commodity Exchange Act and Dodd-Frank by allowing Kalshi to offer a product that does not meet the traditional characteristics of a futures contract.
CME said the agency’s decision was issued without public comment or reasoned decision-making and has caused “textbook competitive injury” by allowing Kalshi to compete directly for customers in the crypto derivatives market. Kalshi has since brought numerous crypto perpetuals to market.
The CFTC has rejected the challenge, calling it “frivolous” and accusing CME of fighting the administration’s pro-innovation agenda, while Kalshi said CME is simply afraid of competition.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BIS otestovala XRP Ledger jako veřejnou vrstvu pro ověřování ekonomických statistik. Prototyp na DevNet zaznamenal publikaci za zhruba tři až pět sekund a ověření za jednu až dvě sekundy.
The Bank for International Settlements (BIS) has tested the XRP Ledger as a public verification layer for economic statistics.
With the help of the blockchain, the BIS has created a permanent record that can show whether a published dataset has been altered.
Verification problem How can someone who downloads an official statistics file be certain that it is the same file published by the issuers?
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Official statistics are mostly distributed through digital platforms and consumed by automated systems, including AI tools. The BIS notes that SDMx, the standard used to exchange official statistics, helps institutions publish and distribute data, but there are concerns about providing the stated source.
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The BIS prototype adds verification with the help of blockchain by keeping an independent record of the dataset's fingerprint.
That root is recorded on the XRP Ledger through a Payment transaction using the ledger's memo field. The blockchain stores the cryptographic information that is needed for verification.
A proof of concept The paper describes an actual proof of concept built on XRPL's DevNet. The BIS says the system was designed around the ledger's low transaction costs and rapid confirmation times.
Under the controlled test conditions, the prototype achieved a median publication latency of roughly three to five seconds. Verification took about one to two seconds.
The prototype is built around SDMx, but the authors say the same architecture could be extended to other structured reporting formats, including XBRL.
It is worth noting that the BIS experiment remains a proof of concept. Hence, it should not be treated as an official announcement.
However, it does demonstrate an unusual use case for the XRP Ledger network, which sometimes gets criticized due to its apparent lack of utility.
EIP-7906 má do sítě Ethereum přidat „transaction assertions“, které po provedení transakce ověří výsledek a mohou ji vrátit zpět, pokud nesedí s očekáváním. Cílem je omezit blind signing a on-chain krádeže.
"The total value of crypto assets that have been stolen to date exceeds the yearly GDP of a medium-sized nation."
So reads the start of the Motivation section in the EIP-7906 draft proposal, which was created in early 2025, meaning that "GDP" has swelled from various exploits since then.
Of course, the problem of onchain theft isn't unique to the Ethereum ecosystem, but Ethereum does undoubtedly have a major thorn here, namely "de facto blind signing" of everything, as EIP-7906's authors put it, since today there's no way to easily vet and restrict what transactions will do once signed.
In other words, there's no network-level handle on outcomes, only on signed calldata. This means something like a wallet or a tx simulation UI can display wrong data, or miss hostile intentions, and Ethereum will still commit whatever was executed because a provided signature authorizes execution, and not a checked outcome.
This gap between intention and execution is exactly what EIP-7906, a.k.a. transaction assertions, is meant to solve. This standard's introduction will be pivotal, to the point that its arrival will mark a sort of "before" and "after" milestone in Ethereum UX.
Transactions assertions will be one of those features that we look back on and wonder how we used Ethereum without them. https://t.co/cUtPzeBCIq
— ً (@lightclients) September 1, 2026 It seems we won't have to wait very long, either. EIP-7906 is proposed for inclusion (PFI) in Ethereum's Hegotá upgrade and has already been demoed in a Hegotá devnet next to frames. The EIP isn't officially considered/scheduled for inclusion yet, and it may get pushed to Ethereum's following upgrade, but it's possible we'll see it live in 2027 at the earliest.
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That's all the general background here, but to understand how transaction assertions actually work, you have to know the basics of "frame transactions" per EIP-8141, which is already formally slated for Hegotá and which EIP-7906 is fundamentally built around.
As you can imagine from the name, frame transactions break transactions into frames, i.e. short, labeled steps with different jobs. One frame can validate a signature, another can let a sponsor pay your gas, with others you can make approvals, swaps, batches, etc.
EIP-8141: Frame Transaction
Add frame abstraction for transaction validation, execution, and gas payment
Ethereum Improvement Proposals
However, in its default structure, EIP-8141 doesn't have a baked-in outcomes check to make sure your list of frames only do what your wallet screen has indicated. Here then cue in transaction assertions, as EIP-7906, if pushed to mainnet, would add a frame mode for precisely this type of checking job.
The EIP's new proposed frame mode is specifically POST_TX, which would have to sit at the very end of your frames list. It'd run as a static call, so it could read but not write anything, and its three new opcodes, TXTRACE, TXDIFF, and EVENTDATACOPY, would only work inside it.
The neat thing is that by the time POST_TX runs, your real balance, storage, and event diff changes would already exist, and then your smart account would get a look at that data. If the results don't match with what's expected, the execution frames will revert. Accordingly, EIP-7906 can provide vetoes on onchain outcomes rather than mere (and potentially flawed) previews of them.
Under this paradigm, you'd be able to guarantee a swap will fire off as expected or dodge an approval drainer after trying to ape into an NFT mint that was discreetly nefarious, and so on. Everything that opcodes expose could get checked against your transactions' literal traces instead of simulations or calldata summaries that hostile frontends can fake.
To be sure, transaction assertions aren't a panacea for all of the Ethereum ecosystem's security problems, but it's safe to say that they can prevent plenty future onchain losses. We don't have to sign transactions and just hope for the best. We can authorize execution and then refuse to keep the results if something's gone wrong.
That's a powerful shift that will prove to be a big level up for Ethereum UX. For now, the main question that remains is the timeline. In one week, Ethereum client teams will submit their ranking preferences for further Hegotá inclusions, so we'll know more then on the community's appetite for transaction assertions coming sooner or later, like the upgrade after Hegotá.
Coinbase spustila pro způsobilé kanadské obchodníky regulované derivátové kontrakty na Bitcoin, Ether a Solanu. Nabízí až 10násobnou páku a upozorňuje na riziko ztrát přesahujících počáteční investici.
Coinbase launched regulated derivatives contracts for eligible Canadian traders on September 2, giving users access to crypto, commodity and index futures through Coinbase Financial Markets. The company announcement lists 23 perpetual and dated crypto futures, including contracts tied to Bitcoin, Ether and Solana. Coinbase said the rollout makes it the first major crypto-native platform to offer direct native crypto futures in Canada.
The initial lineup combines perpetual-style and dated contracts. Coinbase is also offering five commodity futures linked to markets including gold, silver and oil, plus index futures such as COIN50. Access is limited to customers who meet the platform’s eligibility requirements.
Coinbase describes the contracts as nano-sized, which reduces the capital needed for each position relative to larger contract formats. Eligible traders can take long or short positions with leverage of up to 10 times. That leverage can magnify losses as well as gains, and the company warns that futures trading may not suit every investor.
CFM Provides the Regulated Route The contracts are offered by Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission and a member of the National Futures Association. Coinbase previously secured U.S. authorization for crypto futures sales through its regulated broker, providing the structure now used for eligible Canadian customers.
Product Mix Extends Beyond Crypto Combining crypto, commodities and an index in one derivatives menu broadens the launch beyond directional bets on individual tokens. It also gives users several instruments for hedging, although the announcement does not say that every Canadian Coinbase customer will qualify. Availability depends on the platform’s assessment and product rules.
The rollout also builds on Coinbase’s wider derivatives infrastructure. Its futures business has previously worked with Nodal Clear to introduce USDC as collateral in U.S. futures markets.
Launch Pricing Comes With Risk Warnings Coinbase set introductory pricing at 0.02% per trade plus $0.11 per contract for eligible Canadian traders, describing the terms as temporary. The company did not specify an end date for the launch offer.
The announcement emphasizes that leverage can cause losses exceeding the initial investment. The launch therefore expands regulated product choice in Canada without removing the market, liquidation and leverage risks attached to derivatives. Traders must still pass Coinbase’s eligibility process before using the contracts.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Zakladatel Cardana Charles Hoskinson řekl, že síť musí dokončit Leios, aktivovat hard fork a dotáhnout správu, aby odemkla další fázi růstu. ADA je letos v mínusu 40,71 %.
Cardano founder Charles Hoskinson said the network must complete critical roadmap and governance milestones to unlock its next phase of growth.
Hoskinson made the comments while discussing the latest voting update for Cardano’s Constitutional Committee (CC). During his remarks, he took a moment to highlight the progress across the ecosystem, arguing that Cardano’s development looks more promising when viewed from a broader perspective.
In particular, Hoskinson highlighted the launch of RealFi and the growing potential of Bitcoin DeFi to bring substantial liquidity into the ecosystem. He suggested that RealFi could attract billions of dollars in total value locked (TVL) over the coming years. Meanwhile, he noted that Bitcoin DeFi through Pogun has already secured $600 million in soft commitments.
Cardano Must “Finish What We Started” Despite this progress, Hoskinson stressed that Cardano must now “finish what we started.” He identified several priorities that would shape the network’s next phase of growth.
First, he emphasized the need to complete the Leios scalability upgrade. He also called for the relevant hard fork to be activated so that Cardano can advance with its planned technological improvements.
Governance, meanwhile, remains another critical priority. According to Hoskinson, the ecosystem must complete the last mile of governance while strengthening its existing institutions.
Furthermore, he wants Cardano’s institutions to develop the ability to improve continuously and operate with greater independence. In his view, the ecosystem must execute its roadmap more effectively while establishing a budget process that improves from one year to the next.
Ultimately, Hoskinson believes stronger institutions and more effective governance can help Cardano sustain development without repeatedly encountering the same obstacles.
Hoskinson Says Cardano Is “In It to Win” Despite the challenges ahead, Hoskinson maintained an optimistic outlook on Cardano’s future. He stressed that the ecosystem is “not out of the game” and remains determined to compete at the highest level.
He has maintained this stance despite the market turbulence ADA has experienced this year. The cryptocurrency is down 40.71% year-to-date and has consequently fallen out of the top 10 by market cap.
Nevertheless, several of the major initiatives highlighted by Hoskinson remain in active development. Leios and RealFi are scheduled to launch later this year, potentially giving Cardano new avenues for scalability and liquidity growth.
Meanwhile, the Cardano community has approved the Constitutional Committee proposal, ensuring that the committee maintains more than five members. This allows it to continue voting on crucial network upgrades, including the constitutional update associated with Leios.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Tether spustil USDT na síti Stellar přes USDT0, čímž uživatelům otevřel přístup k více než 180 miliardám USD likvidity v USDT. Integrace využívá standard LayerZero OFT.
Tether’s USDT ecosystem has expanded to Stellar. This gives users on the payments-focused blockchain access to more than $180 billion in USDT liquidity through USDT0.
USDT0 will now connect Stellar to Tether’s broader stablecoin liquidity. The integration uses LayerZero’s OFT interoperability standard.
Stellar was originally designed around moving digital assets and cross-border payments.
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The foundation has placed a huge focus on stablecoins, tokenized real-world assets and institutional infrastructure. These have become the key drivers of network activity.
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There have been several stablecoins initiatives spearheaded by Stellar this year. In June, for instance, MoneyGram launched MGUSD, a dollar-denominated stablecoin built on Stellar.
Stellar's rather formidable ecosystem includes Circle’s USDC, Franklin Templeton’s BENJI and other stablecoin and asset-issuance projects.
Expanding liquidity stack Stellar said stablecoin payment volume reached $5.5 billion in the first quarter of 2026, up 72% from a year earlier. At the same time, tokenized real-world assets on the network surpassed $2 billion shortly after the quarter ended.
USDT0 will let Stellar users access the same USDT liquidity available on other connected networks. That could make the network more attractive to exchanges, wallets, and other segments of the industry.
Tether is dominant in many emerging markets, including parts of Latin America, Africa and Asia-Pacific. In these regions, stablecoins are being adopted en masse for savings, remittances and dollar-denominated payments. USDT0 is initially available through wallets, exchanges and applications including Kraken, Freighter, Lobstr, Bitget, Fireblocks, Ramp Network and SushiSwap. Additional integrations are expected to take place in the future.
Circle a edgeX oznámily, že při spuštění mainnetu Arc 16. září bude edgeX jeho vlajkovou perp platformou a nabídne 24/7 FX obchodování včetně perpetual kontraktu USD/JPY. Na startu přidá více než 150 perpetual trhů pokrývajících americké akcie, komodity a kryptoaktiva s Arc-native USDC jako marží i zúčtovací měnou.
PANews, September 3 - Circle and the decentralized perpetual contract trading platform edgeX jointly announced that when the Arc mainnet launches on September 16, edgeX will become Arc's flagship perp and will provide 24/7 FX trading on the first day of the mainnet. The two parties will work together to drive the development of Arc's on-chain foreign exchange and global asset trading markets.
On the first day of the mainnet launch, edgeX will be the first to offer a USD/JPY perpetual contract supporting 24/7 trading, and will launch more than 150 perpetual contract markets covering U.S. stocks, commodities, and crypto assets. All markets will use Arc-native USDC as margin and settlement assets.
Arc is a Layer 1 blockchain built by Circle for stablecoin finance, specifically designed for stablecoin finance, with a built-in FX engine (StableFX), an institutional-grade RFQ system, and 24/7 on-chain PvP settlement, using USDC as the native gas token.
edgeX is invested in by Circle Ventures and will exclusively launch the FX perp market for Arc Chain this time. edgeX is a globally leading centralized perpetual contract exchange by trading volume, with cumulative trading volume exceeding 900B since launch. Users can trade perpetual contracts on U.S. stocks, commodities, foreign exchange, and crypto assets 24/7. Previously, the Circle and edgeX teams have already cooperated on native USDC issuance and CCTP integration on EDGE Chain. This cooperation will further combine Circle's capabilities in stablecoin financial infrastructure with edgeX's experience in on-chain trading to jointly expand 24/7 global asset trading scenarios.
In the future, the two parties plan to gradually add more mainstream FX trading pairs based on market demand and liquidity conditions, and explore non-USD stablecoin margin and on-chain FX spot markets.
Hedera spustila Hedera Docs MCP, server, který dává AI asistentům pro programování přímý přístup k oficiální dokumentaci s API referencemi, návody ke SDK, quickstarts a příklady kódu.
Přístup je jen pro čtení a nevyžaduje peněženku ani privátní klíče.
What Hedera Has Shipped@hedera has released Hedera Docs MCP, a server that gives AI coding assistants live access to the network's official documentation. That coverage includes API references, SDK guides, quickstarts, and code examples.
The server is designed with a narrow, deliberate scope. Access is read-only and requires no wallet or private keys, meaning an AI agent can retrieve documentation but cannot interact with accounts or sign transactions. Setup instructions are available on Hedera's MCP servers page.
Why the Model Context Protocol Matters rather than relying on general web search results or potentially stale training data.
For Hedera, the timing fits a broader push into the AI developer tooling space.
The practical benefit for developers is straightforward: an AI coding assistant connected to the Hedera Docs MCP server can pull precise, current information about Hedera's APIs and SDKs directly into the development workflow, rather than guessing or surfacing outdated answers.
Sources
Hedera Docs MCP Server Setup Guide (Hedera Official Docs)
Hedera MCP and Agent Skills (Hedera Blog)
What is MCP? The Universal Connector for AI Explained (Backslash Security)
Solana nasadila na testnet nový formát transakcí V1, který zvyšuje maximální velikost z 1 232 na 4 096 bajtů. Aktivace na mainnetu je potvrzena na 9. září 2026.
Solana just made its transactions a lot roomier. The network’s new V1 transaction format has gone live on testnet, tripling the maximum serialized transaction size from 1,232 bytes to 4,096 bytes. That 3.3x expansion removes a bottleneck that has forced developers to use awkward workarounds for years.
The upgrade, defined by two protocol proposals called SIMD-0296 and SIMD-0385, is designed to natively support zero-knowledge proofs, large multisig transactions, confidential transfers, and BLS signatures, all within a single transaction. Mainnet activation is confirmed for September 9, 2026.
What the V1 format actually changes Solana’s legacy transaction format capped payloads at 1,232 bytes. That’s fine for a simple token swap, but it’s painfully tight for anything involving cryptographic proofs or transactions requiring dozens of signers. Zero-knowledge proofs often produce payloads that simply couldn’t fit. Developers had to split operations across multiple transactions or build custom compression schemes.
The V1 format raises the ceiling to 4,096 bytes. SIMD-0296 handles the size limit increase itself, while SIMD-0385 defines the new v1 message format, which uses a 0x81 version byte and a config mask. One notable trade-off: Address Lookup Table (ALT) support has been removed in the new format. Legacy transactions remain fully supported, so nothing breaks for existing applications.
Timeline and developer tooling Local testing became available starting August 24, 2026, using Solana CLI v4.2+ and Surfpool v1.5+. The testnet activation followed in late August. The September 9 mainnet date gives developers roughly two weeks of testnet runway to catch bugs before the real thing.
Behind the scenes, the upgrade requires meaningful infrastructure work. RPC calls, indexers, and SDKs all need updates to handle the new transaction format. Wallet providers, block explorers, and analytics platforms will need to parse V1 transactions correctly, or risk displaying incomplete data to users.
Why bigger transactions unlock new use cases Confidential transfers, which allow token movements where amounts are encrypted but still verifiable, have been technically possible on Solana but constrained by the old size limit. With 4,096 bytes of headroom, these transfers can be packaged into single atomic transactions.
Large multisig wallets used by DAOs and institutional treasuries also benefit. A multisig requiring 20 or 30 signers could struggle to fit all the necessary signature data within the old 1,232-byte envelope. The expanded format accommodates these scenarios natively.
BLS signatures, a cryptographic scheme that allows multiple signatures to be aggregated into one compact proof, become practical within single Solana transactions for the first time. This has implications for cross-chain bridges and validator-set attestations.
Zero-knowledge proofs are arguably the biggest unlock. Fitting a ZK proof into a single transaction eliminates the need for multi-step verification flows that add latency and complexity.
Competitive positioning and what to watch The upgrade also runs parallel to other protocol enhancements Solana has been pursuing, including slot-time reductions and rent adjustments.
For developers evaluating where to build, the practical question is straightforward: does the new format actually work smoothly on testnet, and do the tooling updates land before mainnet goes live on September 9? Infrastructure providers that fall behind on SDK updates could create a bumpy experience for early adopters, even if the protocol layer performs flawlessly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
September 2026 brings another significant round of token unlocks across the Solana ecosystem, with more than a dozen projects scheduled to release additional supply. The month's largest events include $TRUMP, $PUMP, $CARDS, and $YZY, while several other tokens continue predictable linear vesting schedules.
Here is a breakdown of the most notable Solana ecosystem token unlocks scheduled for September 2026.
$TRUMP The Official Trump token will release 28.271 million $TRUMP through linear vesting during September, valued at approximately $60.25 million. The unlock represents 10.35% of the circulating supply and 2.71% of the total supply.
This makes $TRUMP the month's largest unlock by dollar value. The token remains closely linked to the broader crypto business interests of U.S. President Donald Trump, adding another layer of market attention around the supply event.
$PUMP Pump.fun will unlock 6.875 billion $PUMP through linear vesting in September, valued at approximately $28.8 million. The release represents 1.73% of circulating supply and 0.82% of total supply.
September marks the third month of the project's recurring monthly distributions following the expiration of its original 12-month cliff in July.
$CARDS Collector Crypt will unlock 59.26 million $CARDS on September 29, valued at approximately $10.16 million. The release represents 6.35% of the circulating supply and 2.99% of the total supply.
The unlock follows Collector Crypt's confirmation of a major token buyback and burn. Last week, the team confirmed that it had accumulated a total of 22.49 million $CARDS, equivalent to around 5.4% of circulating supply, and subsequently burned the entire amount.
Collector Crypt also crossed $91 million in net revenue in August, less than 3 months after reaching $1 billion in total platform volume. Meanwhile, the $CARDS token turned 1 year old on August 29.
To mark those milestones, Collector Crypt plans to bring back its Gacha Games throughout September. The campaign will feature challenges, competitions, rewards, and other activities across the platform.
$GRASS Grass will unlock 17.13 million $GRASS across September 27, September 28, and ongoing daily vesting. The release carries an estimated value of $7.24 million and represents 2.53% of the circulating supply and 1.71% of the total supply.
The token enters September after spot trading for $GRASS launched on Coinbase on August 26. The new trading venue gives the token broader market access as Grass continues developing its DePIN network and community ecosystem.
$KMNO Kamino will unlock 229.17 million $KMNO on September 30, valued at approximately $5.51 million. The release represents 4.21% of the circulating supply and 2.29% of the total supply.
$KMNO’s unlock schedule produces a steady monthly unlock of approximately 229.16 million $KMNO, excluding other emissions such as community initiatives.
More than 8 billion $KMNO has already been unlocked, representing over 80% of the token's total supply. September's release therefore continues an established distribution pattern.
$CLOUD Sanctum will unlock 10.45 million $CLOUD through linear vesting during September, valued at approximately $207,600. The release represents 1.71% of circulating supply and 1.04% of total supply.
However, the token faces a potentially much larger supply change beyond the scheduled unlock. Sanctum, Solana's largest protocol by DeFi TVL, has proposed burning 259 million $CLOUD tokens. The proposed burn would reduce total supply by roughly 25%, from 1 billion to 741 million tokens.
Sanctum also plans to rename the token ticker from $CLOUD to $SANC. The proposal would not change the token address or its underlying tokenomics.
What to Watch September's unlock schedule centers on several sizeable supply events, with $TRUMP leading the month at approximately $60.25 million, followed by $PUMP at $28.8 million and $CARDS at $10.16 million.
Meanwhile, $GRASS enters the month after gaining Coinbase spot trading access. Sanctum may also introduce one of the month's most notable supply changes if its proposal to burn 259 million $CLOUD receives approval, potentially reducing total supply by roughly 25% before the planned transition to the $SANC ticker.
As always, token unlocks do not automatically determine price performance but provide only one part of the broader market picture. However, tracking the size of each release, its impact on circulating supply, and developments around each project can help investors better understand changing supply dynamics across the Solana ecosystem.
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Jupiter spustil Universal Deposit pro převod aktiv jedním kliknutím z podporovaných sítí na Solanu do USDC v peněžence. Podporuje mimo jiné Ethereum, Base, Arbitrum a Sui.
According to official announcements, Solana ecosystem trading aggregator Jupiter has launched its cross-chain deposit feature, Universal Deposit. Users no longer need bridging tools to send tokens from any supported chain to Jupiter, and will receive USDC directly in their Solana wallets. The feature automatically integrates routing, cross-chain bridging, and swap workflows, eliminating the need for users to switch networks or execute additional transactions. Currently, Universal Deposit supports asset deposits from networks including Ethereum, Base, Arbitrum, and Sui, with users able to complete operations using their existing wallets. The service applies a unified fixed rate, charging $0.30 per transaction regardless of the transfer amount—whether it is $100 or $10 million. Jupiter noted that the feature is designed to deliver a more convenient cross-chain asset transfer experience.
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Hackeři z Coldcard Wave 3 poprvé přesunuli ukradené prostředky a část z nich převedli do ETH přes THORChain. Zhruba 90 % prostředků zůstává nepřevedeno.
Galaxy Digital Head of Research Alex Thorn stated that attackers behind the Coldcard Wave 3 recently transferred stolen funds for the first time, converting a portion of the assets to ETH via cross-chain decentralized exchange THORChain. This marks the first instance of funds from the Wave 1, Wave 2, or Wave 3 attacks being moved from the attackers’ initial wallet addresses to other on-chain addresses. Currently, approximately 90% of the stolen funds from Wave 3 remain untransferred. On-chain activity indicates the attackers encountered apparent issues when conducting conversions via THORChain, with some transactions being repeatedly refunded, though they continue to attempt converting the remaining funds.
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Injective Mint je nyní v privátní beta a umožňuje institucím vydávat tokenizovaná aktiva s pravidly přímo na chainu. Injective už překročil 6,8 miliardy USD ve vypořádaném objemu RWA.
Tokenization has proved that financial assets can move onto shared ledgers, but it has also exposed the harder problem. A regulated asset needs more than a token contract. It needs enforceable rules governing ownership, transfers, issuance, redemption, administration, custody, and emergency action. Those rules must remain attached to the asset throughout its lifecycle and apply every time it changes hands.
Most issuers today still assemble those functions across custom smart contracts, compliance providers, custodians, internal databases, and manual workflows. Every new asset becomes a bespoke technical project, while even routine actions such as changing an administrative role or freezing a compromised address can require engineering support. Market infrastructure comes later, if it comes at all.
Injective Mint changes that model by bringing the entire issuance process into one platform. It gives institutions a single interface to define an asset, encode its operating rules, assign authority, and issue it directly on Injective. No custom contract or command line is required, enabling the institution to remain in control from initial issuance through the full life of the asset.
Through one workflow, issuers can configure approved holders, jurisdictional restrictions, issuance and redemption permissions, administrative roles, address freezes, and global pauses. These are not policies stored in a document or checked by a separate system after settlement. They are enforced directly by Injective, meaning the network rejects any transfer that falls outside the rules established by the issuer.
Mint also addresses what happens after an asset is created. Most tokenization platforms stop once the asset reaches a wallet, leaving issuers to find liquidity and assemble the rest of the financial stack themselves. Assets issued through Injective Mint enter a network already built for trading, lending, derivatives, collateral, and other financial applications, creating a direct path from issuance to real onchain utility.
The opportunity extends across some of the largest asset classes in the world. Tokenized real estate alone is projected to reach $4 trillion by 2035, while treasuries, private credit, funds, commodities, stablecoins, deposits, and other financial products expand the addressable market considerably further. Capturing that opportunity will require infrastructure that can do more than create digital representations of assets. It must support how those assets are controlled, settled, administered, and used.
Injective is already proving that this infrastructure can operate at scale. The network has surpassed $6.8 billion in settled real-world asset volume and $1.1 billion in native asset issuance. Injective Institutional Services is now registered with the SEC as a transfer agent, while POSCO International and LG CNS have selected Injective for a live trade-receivables tokenization pilot.
Injective Mint is now live in private beta, bringing these capabilities together through a platform designed to make institutional-grade issuance accessible to institutions and everyday users alike. Institutions define the asset, establish its operating rules, and retain authority over it. Injective provides the infrastructure required to issue, administer, settle, and put that asset to work onchain.
This is how real-world assets move beyond isolated pilots and become functioning financial products. This is the foundation Injective Mint was built to provide as we accelerate real world asset issuance for the new age of onchain finance.
01. How We Got HereCreating a token is easy. Operating one as a financial product is not.
A treasury product may limit ownership to verified investors in approved jurisdictions. A stablecoin issuer needs separate authority for issuance and redemption. A fund administrator may need to freeze one address without stopping every holder. A security needs an accurate ownership record that stays aligned with transfers, distributions, and voting rights.
Legacy tokenization stacks solve these requirements through layers of contracts, scripts, databases, service providers, and manual reconciliation. Each additional system creates another handoff. Every handoff adds cost, time, and operational risk.
Injective took a different route. The network built issuance and permission controls at the protocol level. Mint packages those controls into a unified product for institutional teams.
Mint turns those protocol controls into a unified platform that institutional teams can operate directly. Compliance teams can translate decisions about investor eligibility, jurisdictions, issuance, redemption, and emergency action into onchain configurations through a guided interface. Issuing an asset with those controls no longer requires a software engineer to deploy custom contracts or update permissions by hand. The institution defines the policy. Injective Mint encodes it onchain.
02. Injective Mint in One ViewInjective Mint is an issuance and asset management platform for institutional-grade financial products.
An issuer starts by defining an equity, exchange traded fund, bond, commodity, foreign exchange product, stablecoin, fund, or another instrument.
The issuer is then equipped with a powerful platform that simplifies tokenization for the first time in a manner that is as simple as filing out information in a form. In essence the issuer is able to customize the following:
Asset identity sets the name, ticker, type, supply, and issuing entity.Jurisdiction settings define where the asset can circulate.Custody settings identify providers such as Fireblocks or BitGo.Holder rules determine which addresses can receive and own the asset.Administrative roles separate issuance, redemption, compliance, and asset management authority.Emergency controls let authorized parties freeze an address or pause activity across the asset.Once the issuer confirms the configuration, Injective writes the asset and its rules to the network onchain. As soon as the tokenization process is completed onchain, the RWA can be viewed on InjScan, where its supply, transfers, holders, and administrative actions can be verified.
This is more than a form placed in front of a token contract. Mint coordinates two native Injective backend modules that determine how the asset exists and how it may move.
03. From Definition to IssuanceThe TokenFactory module creates the asset as a native Injective denomination.
Each denomination is namespaced to its creator address. That structure removes naming collisions while preserving a clear administrative origin. The original creator receives authority to mint, burn, transfer, or change the asset administrator according to the configured model.
Mint then creates a permissions namespace for the asset. The namespace contains the actions, roles, managers, policy states, and optional contract logic that govern the asset throughout its lifecycle.
TokenFactory establishes the asset. The Permissions module determines who may act on it. Mint turns that sequence into one guided flow.
For the issuer, the process is straightforward:
Enter the asset data. Select the permitted jurisdictions. Set supply. Identify the issuer and custodian. Assign the parties authorized to hold, send, receive, mint, burn, or administer the asset. Review the configuration. Confirm the transaction.The final state lives onchain. Mint removes bespoke contracts and manual scripts while retaining an institutional audit trail.
04. Compliance Lives in the AssetThe Injective RWA module uses role based access control at the chain level.
Every permissioned asset has its own namespace. When an address attempts to mint, receive, burn, or send the asset, Injective checks the relevant permissions before the transaction completes.
The model separates authority with precision.
Mint authority creates supply and directs it only to an address permitted to receive it.Receive authority determines which addresses may hold the asset.Send authority lets approved holders transfer only to approved recipients.Burn authority lets an address redeem or destroy its own balance under the asset rules.Super burn authority lets an approved administrator remove funds from another wallet when the operating model requires it.Role managers decide which addresses receive each role. Policy managers control whether specific actions remain enabled across the namespace. An issuer can pause sends, receipts, minting, or burning during a compliance or security event without rebuilding the asset.
A blacklist role can remove every permission from one address. Once the role is removed, the address regains its previous permissions. This gives an institution targeted control without forcing a global shutdown.
Injective also supports Wasm contract hooks when an issuer needs logic beyond the base permission model. A hook can inspect the sender, recipient, action, and amount when an asset is received. That creates room for product specific controls while keeping the core permission system native to the network.
These rules do not sit in a policy document waiting for an operator to check them after settlement. The chain applies them during execution. A transfer outside the configured rules fails.
05. Issuance Is Only the BeginningMany tokenization platforms stop when the asset reaches a wallet. That creates representation without a market.
Injective Mint issues assets into a financial network built for spot trading, derivatives, lending, collateral, and programmable applications. Subject to the rules set by the issuer and the integrations available for the product, a Mint asset can enter secondary markets, support a lending market, act as collateral, or anchor a new derivative.
Access is not automatic. Mint does not create liquidity by itself, and it does not replace the legal analysis required for a financial product. It gives issuers a direct route from creation to market infrastructure without moving the asset onto a separate chain or rebuilding the financial stack around it.
That route is already taking shape. Injective has supported institutional products including Laser Digital's Laser Carry Fund through Libre, BlackRock money market products, and Hamilton Lane's SCOPE Senior Credit Fund. POSCO International and LG CNS also selected Injective for a live trade receivables pilot tied to international commerce.
Funds, private markets, public equities, and enterprise receivables carry different structures. They can now operate across one network with shared settlement and permission infrastructure.
06. The Regulated Record LayerIssuance and transfer controls solve only part of the institutional problem. Securities also need an authoritative ownership record.
On August 19, Injective Institutional Services became registered with the U.S. Securities and Exchange Commission as a transfer agent. The registration is now effective.
A transfer agent maintains the official record of who owns a security. It processes ownership changes, reconciles securities issued against securities outstanding, and supports the records used for distributions, voting rights, and transfers.
Traditional tokenization often separates the onchain token from that official register. Institutions then reconcile two versions of ownership.
Injective now has a path to bring those records closer together. Injective Mint creates the asset and encodes its operating rules. Injective also adds an affiliated SEC-registered transfer agent function that can support official ownership and transfer records. Injective provides the settlement and market infrastructure beneath both.
The distinction remains exact. Issuing an asset through Mint does not automatically make it a security. It does not satisfy every regulatory requirement. Each issuer must configure the product around the laws and obligations that apply to it.
What changes is the available infrastructure. An issuer can build issuance, permissions, administration, recordkeeping, and settlement around one onchain system.
07. One System for the Asset LifecyclePrivate alpha gives participating institutions a direct way to test this model across real issuance workflows.
A bank can define a permissioned deposit token. An asset manager can issue a fund for approved investors. A fintech can launch a stablecoin with controlled supply. An enterprise can tokenize receivables with ownership and transfer rules.
Each product differs. The infrastructure stays consistent.
That consistency changes the economics of issuance. Institutions can reuse an operating model across assets instead of commissioning another custom stack for every launch. Compliance teams can map policy to named roles and actions. Administrators can change permissions without sending each update back to an engineering team. Investors and counterparties can verify activity onchain.
Institutions need issuance, permissions, ownership records, settlement, and market utility to work together.
Injective Mint brings issuance and onchain control into one interface. Injective Institutional Services adds the registered recordkeeping function. Injective connects the asset to a live financial network.
Define the asset, encode the rules, issue it into a market built for onchain finance.
This is how tokenization moves from isolated pilots to operating financial products. Injective will lead the way towards a new future where everything is tokenized onchain.
About InjectiveInjective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine. Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across multiple virtual machines like WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the rapidly growing Injective ecosystem and the new internet economy.
