Two-Sided Blade of Robinhood’s Meme Coin Craze: Credit-Card Checkout Triggers Compliance Controversy, Suspected On-Chain $20 Million Slippage
Robinhood’s ecosystem has recently sparked a surge in meme coin trading, but behind the high trading volume, there have also emerged controversies over credit card transaction categorization, extreme slippage, and massive paper gains. This has prompted the market to re-focus on the compliance arrangements for self-custody of funds, as well as trading risks involving low-liquidity tokens. Buy meme coins with a credit card—checkout did not require additional KYC External media (The Block) testing found that users can, within the Robinhood Wallet and social trading app Fomo, use the checkout service provided by Crossmint to purchase certain specified meme coins with a credit card combined with Apple Pay or Google Pay. During the process, no additional complete KYC identity verification form was required. The test transactions involved tokens such as WIF, and users also received standard credit card transaction points.
Bitcoin temporarily fell more than 2.6% in the first two days of September; global bond-market selloff tests the August rally
After Bitcoin entered September, it was consecutively pressured. On September 1, it briefly rose to around $79,200, but failed to hold above $79,000. It then rapidly dropped, with the low reaching about $76,370. It ultimately closed on the UTC daily chart at approximately $77,399, down 1.48% for the day. The downtrend continued into the early Asian and European session on September 2. Bitcoin opened that day at around $77,399. In the early period, it only rebounded to a high of about $77,750. It then fell through $77,000, hitting a low near $76,440. As of 6:30 p.m. Taipei time on September 2, the latest reference price was about $76,489, roughly 1.18% lower than the day's UTC open. Since the September 1 open, Bitcoin has cumulatively fallen by about 2.64%. Compared with the intraday high on September 1, it is down by about 3.4%.
21 Financial Giants Join Forces to Set Up a Stablecoin Company, First to Launch a Dollar Stablecoin Aiming to Hit the Market in the First Half of 2027
Global large financial institutions are accelerating their entry into the stablecoin market. A total of 21 international financial institutions, including Bank of America, Citigroup, Goldman Sachs, Wells Fargo, Deutsche Bank, UBS, and Mitsubishi UFJ Bank, have announced plans to jointly establish a new company in the second half of 2026. The company will first launch a U.S.-dollar-denominated stablecoin, with the goal of formally entering the market in the first half of 2027. The new company’s name has not yet been determined, and the incorporation plan also needs to fulfill relevant requirements. The alliance said the new company will target the global market. A dollar stablecoin will be only the first phase; the long-term plan includes other seven major industrialized countries’ currencies. Among them, a euro stablecoin has been listed as a priority development item.
ARK Invest and Glassnode Report: BTC and ETH Can Each Overcome Key Consensus Thresholds with Just 3 Entities
ARK Invest and blockchain data analytics company Glassnode released a joint study indicating that, based on the degree of concentration of block-production rights, Bitcoin and Ethereum each only require three major entities in collaboration to surpass their respective critical consensus thresholds, while Solana requires 19 validator entities. In the report titled (The Decentralization Spectrum: Design Tradeoffs in Digital Assets), the number of independent entities that would need to collude is measured using the Nakamoto coefficient, in order to control enough computing power or staked weight to interfere with network operations. The Bitcoin threshold used in the report is 51% of the network's computing power; for Ethereum and Solana it uses a 33% staked-weight threshold, which primarily reflects the active risk of preventing the network from completing finality.
Impersonation Claude Opus 5 Desktop App Conceals Malware, Targets More Than 50 Crypto Wallets
Cybersecurity company Morphisec Threat Labs recently disclosed a Windows application disguised as “Claude Opus 5 Free Desktop.” In reality, it contains an information-stealing malware named RevStealer, which can collect encrypted wallet data, browser credentials, password manager information, and other sensitive data. Researchers have observed its distribution activity in a GitHub repository and on websites related to game cheating software. Claude Opus 5 is a genuine AI model officially released by Anthropic on July 24 this year. Attackers capitalized on the new model’s popularity and the promotion of “free use of a paid model” to package the impersonation app as an official desktop tool, tricking users into downloading a compressed file of about 101 MB. However, after installation, the program does not display the normal Claude user interface; instead, it prepares and executes the malware in the background.
Binance launches US stock options, supporting more than 1,000 stocks and ETFs
Binance (Binance) announced on September 1 that it would launch options on US-listed stocks and exchange-traded funds (ETFs), with the first phase covering more than 1,000 underlying assets. Eligible non-US users can buy call options or put options within their Binance accounts, to express bullish or bearish views or hedge existing stock positions. The product uses physical settlement: upon exercise, the underlying shares are obtained or delivered, and the shares will be held in custody for users via the US broker Alpaca Securities. Relevant trading is not executed or held by Binance directly. Nest Trading Limited, a Binance subsidiary regulated by the Abu Dhabi Global Market (ADGM), acts as an introducing broker, then forwards orders to Alpaca, a US-registered self-clearing broker, which is responsible for execution, clearing, settlement, and custody. Binance has clearly stated that the product is not offered to US users, and availability in other regions also depends on local regulations and user eligibility.
BlackRock’s IBIT drives net inflows of $217 million into Bitcoin ETFs; Ether and XRP, Solana continue to attract capital
U.S. spot Bitcoin ETF fund flows have returned to positive. According to Farside data, as of Aug. 31 in U.S. Eastern Time, the related funds collectively recorded a net inflow of about $216.7 million, reversing the situation of net outflows of about $201.9 million on Aug. 28. Previously, Bitcoin ETFs had absorbed about $3.044 billion in capital over nine consecutive trading days. BlackRock’s IBIT is the main source of this round of rebound, recording a net inflow of $205.9 million on the day, contributing about 95% of the overall flow. Fidelity’s FBTC, Bitwise’s BITB, Morgan Stanley’s MSBT, and Grayscale Bitcoin Mini Trust each recorded net inflows of approximately $6.9 million, $4.3 million, $3.6 million, and $9.4 million, respectively. VanEck HODL, however, saw a net outflow of about $13.4 million.
Thailand SEC Plans to Allow Retail Investors, via Licensed Firms, to Invest in Overseas Digital Asset Derivatives
The Thailand Securities and Exchange Commission (SEC) is launching a public consultation on investment rules for overseas digital asset derivatives, and proposes to allow locally licensed derivatives firms to provide overseas digital asset futures and other derivative services that meet specified conditions to retail investors, high-net-worth investors, and ultra-high-net-worth investors. Under the proposal, the relevant services must be provided by firms that have obtained derivatives agent or trading dealer licenses, and this does not mean that Thai retail investors can directly use all overseas crypto exchange platforms. The underlying digital assets, contract tenors, leverage, and delivery or settlement methods of eligible products must be consistent with the specifications of digital asset derivatives in the Thai market. For contracts with fixed expiration dates, the tenor should not generally be shorter than one month.
Kalshi Issues Its First Lifetime Ban! Former Representative Santos Manipulated Prediction Outcomes and Was Fined More Than $71,000
U.S. prediction market platform Kalshi announced that it permanently banned former Representative George Santos from using the platform directly or indirectly, and imposed a $71,356 fine on him. The sanction took effect on August 28, and it is also the first lifetime trading ban issued since Kalshi was founded. The event involves Kalshi’s market contract for “Who will attend the State of the Union address,” including a market on whether Santos will attend the February 24, 2026 address. Because Santos himself could directly determine or influence the outcome, under Kalshi rules he originally was not allowed to participate in related trading.
Japan’s Financial Services Agency plans to ease tax reporting for trust-type stablecoins, without involving holder tax exemptions
On August 31, the Japan Financial Services Agency (FSA) announced its requests for tax system revisions for the fiscal year 2027, proposing exemptions from certain statutory tax reporting requirements for “specified beneficial interests,” i.e., trust-type stablecoins. According to official documents, the FSA hopes that in cases such as changes of beneficiaries, the trustees of the relevant trusts will no longer be required to submit documents such as (Beneficial Interest Beneficiary Distinctive Report) and (Trust Calculation Statement). Under the current system, when a trust is established, when beneficiaries are changed, when the trust is terminated, or when the content of rights is altered, the trustee must submit documents under the (Inheritance Tax Act) that contain the beneficiaries’ names and the value of the trust property. Trust companies and banks that also conduct trust business must also submit calculation statements under the (Income Tax Act) that record the beneficiaries, trust income, and expenses. Data from Japan’s National Tax Agency shows that the statutory submitters of both forms are the trust trustees.
Donald Trump’s Son Boosts His Investment! Polymarket Plans to Raise $1 Billion, Valuation Could Reach $21 Billion
According to reports, prediction market platform Polymarket is in the process of raising a new round of capital totaling $1 billion. After the deal closes, the post-investment valuation is expected to reach $21 billion. As reported by The Wall Street Journal, Donald Trump Jr., a partner at 1789 Capital, plans to invest about $300 million in Polymarket. The investment is part of a fundraising round of roughly $1 billion. After the transaction is completed, it could bring Polymarket’s valuation to about $21 billion. Polymarket has not yet commented on the matter, and the deal has not officially closed yet. This round of fundraising reflects investors quickly raising their valuations for prediction market platforms. Polymarket only completed a $1 billion funding round at a valuation of about $15 billion in April this year, with $600 million coming from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. If the latest deal is finalized at a $21 billion valuation, it would mean the company’s valuation increases by about 40% in roughly five months, bringing it closer to the $22 billion valuation of competitor Kalshi from an earlier funding round.
Mocked for “selling low and buying high,” Strategy splurges $370 million to buy 4,603 bitcoins
Bitcoin treasury company Strategy (Nasdaq: MSTR) has again expanded its bitcoin holdings. In the latest filing submitted to the U.S. Securities and Exchange Commission (SEC), the company said that during the period from August 24 to 30, Strategy spent approximately $369.7 million to buy 4,603 bitcoins, with an average purchase price of $80,318 per coin. The relevant amount includes transaction fees and other expenses. After completing this round of increased holdings, as of August 30, Strategy held a total of 845,050 bitcoins, with a cumulative purchase cost of approximately $63.73 billion and an overall average cost of $75,412 per coin. This means the purchase price of the latest batch of bitcoins is about 6.5% higher than the company’s average cost for its existing holdings.
Bloomberg News: Hyperliquid Plans to Enter the U.S. in Compliance Through Kraken’s Parent Company
The decentralized perpetual contract trading platform Hyperliquid is seeking to enter the U.S. market in a regulated manner. Citing a report by Bloomberg, people familiar with the matter say that Hyperliquid Labs has entered into in-depth discussions with Kraken’s parent company, Payward, with plans to use Bitnomial—Payward’s U.S. digital asset derivatives platform—to offer eligible U.S. traders certain cryptocurrency perpetual futures related to the Hyperliquid market. According to the architecture currently under discussion, U.S. users will not directly connect to Hyperliquid’s native decentralized trading platform. Instead, they will complete account registration, identity verification, and trading via Bitnomial. Bitnomial will handle compliance-related areas such as product listing, customer onboarding, trading, and clearing, and will only offer specific contracts that have been approved by relevant regulatory bodies. At this stage, it has not been announced which assets are involved, the number of contracts, the business terms, or the official launch timeline.
Bitcoin rises 25% in August, posting its best monthly performance since November 2024
Bitcoin (BTC) rebounded from around $63,000 in August, returning to the $78,000 to $79,000 area by month-end. It rose about 24% to 25% in the month, marking the best monthly performance since the roughly 37% surge in November 2024. During the period, the price briefly broke above $81,000 and returned to levels not seen since mid-May. Source: coinglass Related content: Has Bitcoin entered the “early upswing” stage? CryptoQuant: Only a breakout above $83,000 is the “real bull market” This round of rallies was driven jointly by three forces: macro policy, regulatory expectations, and market structure. On August 19, the U.S. Department of the Treasury announced that, effective September 9, it would raise the single-transaction limit for liquidity repurchases of 10- to 30-year Treasury notes from at least $2 billion to $4 billion. Although the relevant actions pertain to liquidity management in the bond market and are not quantitative easing by the Federal Reserve, the market still interpreted them as an official attempt to ease pressure on long-end yields. After the U.S. dollar weakened, funds from “currency depreciation trades” also flowed into gold and Bitcoin.
Data has continued to soar for nearly two months—what growth flywheel powers the Robinhood Chain?
Author: Nancy, PANews Over the weekend, less than two months after launch, the Robinhood Chain once again saw a peak in on-chain activity. Multiple core metrics, including trading volume and active users, sequentially set new records, while protocol revenue also grew significantly and surpassed many L2s that had started earlier. For a network still in its early stage, such a growth rate and persistence are not common. Behind the brief, rapid surge of massive traffic on the Robinhood Chain, capital, users, and assets are pouring into the same chain through different entry points. Launchpad creates new assets, and Pons becomes a traffic flagship
Meta Falls Into Straits After AI Layoffs: Cybersecurity Incidents Up 40%, Cleanup Time Up 70%
Author: Ariel, Crypto City After the massive layoffs, Reuters revealed Meta’s struggling native-AI operations In recent months, social media giant Meta has carried out consecutive layoffs to develop AI, and even the Threads Taiwan PM Lead was affected. In a follow-up report published by (Reuters) on August 26, it was revealed that Meta CEO Mark Zuckerberg had already proposed an AI transformation plan back in January of this year. This codename, Organization Transformation (OT), aims to shift Meta toward an “AI-native” operating model, with AI taking over a large amount of the daily work previously handled by employees, leaving only smaller teams with higher talent density to supervise.
Has market panic gone too far? The odds of a September rate hike are only 58%; Bitcoin and gold bulls aren’t finished yet
On Monday, U.S. stock markets opened to a cloud of gloom hanging over global financial markets. In addition to renewed escalation in geopolitical tensions, hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole annual meeting of global central banks have further fueled market anxiety about a potential restart of rate hikes in September. However, if you take a closer look at the actual pricing of CME Fed funds futures, the anxiety on social media is clearly “scaring itself.” For Bitcoin and gold—both of which just saw gains of 23% and 10% in August—bulls still have room to keep pushing higher.
Sneaking a Peek at the President’s Speech Notes to Place Bets! A Former White House Teleprompter Operator Accused of “Insider Trading” in a Prediction Market, Ordered to Repay $172,000
Perez (Gabriel Perez), who previously served as a teleprompter operator for U.S. President Donald Trump, is accused of using his position to gain advance access to the president’s speech script to bet on Trump’s speech content in the prediction market. Now that the matter has come to light, the implicated employee has agreed to repay $172,000 in illegal proceeds and pay a $65,000 civil penalty to reach a settlement. The U.S. Commodity Futures Trading Commission (CFTC) said that Gabriel Perez allegedly abused confidential government information by heavily betting on contracts in the “presidential speech prediction market” related to the event. The way these contracts work is that the payout odds and bonuses are determined based on whether specific words or terms are mentioned in political figures’ speeches.
Cryptocurrency projects trading under the name of U.S. President Donald Trump have now become investors’ ultimate money grinder. According to an investigative report by the U.S. nonprofit watchdog organization Public Citizen, investors in crypto projects related to Trump are currently facing at least $4.7 billion in losses, while Trump himself, in 2025, was able to easily pocket more than $1.4 billion thanks to his activities in the crypto world. A report by Public Citizen指出 that most of the $4.7 billion is categorized as “unrealized losses” (i.e., paper losses—assets have sharply declined in value, but they have not yet been sold off and written off); however, it also includes “realized losses” (actual losses) tracked through on-chain transaction data.
No need to bet on price movements to profit! Bitcoin rebounds strongly—market makers use this ‘strategy’ for risk-free arbitrage
Last week, Bitcoin surged from $62,000 to above $77,000 in just a few days, leaving investors who had previously shorted heavily during the pullback badly burned—resulting in liquidations of $3 billion in the derivatives market. However, for professional trading institutions, this sharp rally presents an outstanding opportunity for profit, without needing to guess which direction the coin price will go next. According to on-chain data tracking firm Lookonchain, crypto market makers and trading firms—including Abraxas Capital, Fasanara Capital, and Wintermute—have quietly opened multi-hundred-million-dollar short positions in perpetual contracts on the on-chain derivatives exchange Hyperliquid.