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Arbitrum (ARB) price has climbed 90% from the record low it set in June. The rally accelerated after Robinhood Chain fees reached an all-time high of $4.45 million on Sept. 2.
ARB trades near $0.1316 after a 50% weekly gain, according to BeInCrypto data. Meanwhile, the network that settles those Robinhood Chain transactions earned almost nothing over the same period.
Robinhood Chain Fees Hit a Record $4.45 Million
Between August 31 and September 1, Robinhood Chain generated over $10 million in fees, with a 109% increase across sessions.
Robinhood Chain Daily Fees. Source: DefiLlama
Through most of August, daily fees stayed below $400,000. The current pace therefore sits more than 10 times above the previous peak.
Robinhood launched the network on Arbitrum in July, and Uniswap routes the majority of its trading volume.
Under the Arbitrum Expansion Program, Orbit chains return 8% of revenue to ArbitrumDAO and 2% to a developer guild. Applying that 8% share suggests roughly $320,000 reached the DAO on Sept. 2 alone.
Arbitrum One Earns in a Day What Robinhood Chain Makes in Minutes
The contrast with Arbitrum One is stark. The network processed 1.94 million transactions over 24 hours, yet collected just 5.8 ether (ETH) in fees, worth roughly $14,000.
Arbitrum One network stats show 1.94 million daily transactions and 5.8 ETH in fees. Source: Blockscout
Robinhood Chain therefore out-earned Arbitrum One by about 320 times on Sept. 2.
Put differently, the younger network matches Arbitrum One’s entire daily fee income in under five minutes.
Average transaction costs have fallen to $0.007, and Blockscout showed no pending transactions. Block times of 0.242 seconds leave ample spare capacity for further Orbit chains.
Capital has not followed the activity, however. Total value locked (TVL) sits near $1.37 billion, roughly two-thirds below its October 2025 peak above $4 billion.
Arbitrum’s total value locked is near $1.37 billion, well below its October 2025 peak. Source: DefiLlama
The Foundation reported $6.19 million in total income for the first half of 2026, alongside 97% gross margins. At its Sept. 2 pace, Robinhood Chain would match that figure in about 19 days.
Arbitrum Price Analysis Points to $0.1495
Arbitrum remains in a bullish structure, but momentum is cooling after the sharp rally. ARB is trading around $0.132, after pulling back from the recent high near $0.145.
The first major resistance is around $0.140–$0.145. A clean break above that area could open the way toward $0.150.
On the downside, the nearest support sits around $0.125–$0.127, close to the 20-period EMA. If that level fails, the stronger support zone is around $0.110–$0.114, where the 50-period EMA and previous breakout area meet.
The broader trend still looks healthy. The shorter moving averages remain above the longer ones, while RSI has cooled to around 62 after previously entering overbought territory. That gives ARB some room to move higher again.
For now, the chart looks more like consolidation after a strong breakout than a trend reversal.
Arbitrum Price Chart. Source: TradingView
Two September dates could still test the rally. Roughly 92.6 million ARB unlock on Sept. 16, and Robinhood’s 90-day gas subsidy expires later that month.
Whether the fee growth outlasts that subsidy will decide if the Arbitrum price holds its gains or retraces toward $0.1193.

Zcash is seemingly winning this bullish cycle in the crypto market. ZEC is up nearly 100% over the past month, crossing $1,000 for the first time in almost a decade. ZEC briefly climbed above $1,045 on Friday. The move pushed its market value to roughly $17 billion and brought the privacy coin back to four figures for the first time since the chaotic opening days of trading in 2016.
Those early prices came when very little ZEC was circulating, making them poor comparisons with today’s market. So, how far will Zcash go in this cycle?
Zcash 1-month Chart. Source: CoinGecko Why Zcash Suddenly Exploded
Several forces have converged behind the rally.
Grayscale launched its US-listed Zcash ETF in late August, opening ZEC exposure to traditional investors through brokerage accounts. The fund has since attracted fresh inflows while holding more than 400,000 ZEC.
Meanwhile, demand for privacy-focused cryptocurrencies has returned. More ZEC is moving into shielded pools, while recent technical upgrades have made private transactions faster.
The latest leg higher also had help from derivatives traders.
$ZEC jumped roughly 20% in 24 hours, briefly touching $1,023.In the meantime about $34.5M in short positions were liquidated.It’s important because short liquidations can accelerate the move: traders forced out of bearish positions have to buy ZEC back. The numbers are… pic.twitter.com/PfaaFOfFBa
— Rain (@raintures) September 4, 2026
Roughly $34.5 million in ZEC short positions were liquidated during the breakout. Traders betting against Zcash were forced to buy back their positions as prices rose, adding fuel to the move.
However, leverage has continued building after the squeeze. Total ZEC open interest has climbed toward $2.4 billion, up sharply from around $1.6 billion days earlier.
That makes what happens around $1,000 especially important.
Zcash Open Interest Hits Record High. Source: Coinglass Can Zcash Hold $1,000?
The short-term chart still favors buyers.
On the one-hour chart, ZEC’s 20-period exponential moving average has risen to roughly $1,000. That means the psychological price level now lines up with a widely watched short-term trend indicator.
The first important zone sits between roughly $985 and $1,005.
If ZEC falls into that area and buyers repeatedly push it back above $1,000, the breakout begins to look more durable. A move through the recent $1,045-$1,055 high could then open another attempt at $1,100.
However, momentum is already stretched.
Zcash Price Chart. Source: TradingView
ZEC’s daily Relative Strength Index is close to 80, a level commonly associated with an overheated market. The four-hour RSI is around 70.
That does not automatically mean the rally is ending. Strong markets can remain overbought for long periods. It does mean traders should expect sharper swings.
If $1,000 fails, the next major test sits around $935-$955. Several short-term moving averages converge in that region, making it the clearest area where buyers could attempt to form another higher low.
A deeper fall toward $900 would weaken the structure further. Below roughly $850, ZEC would return toward the area where its latest breakout began.
For now, the larger trend remains firmly upward. ZEC trades well above its major daily moving averages, while each recent correction has produced a higher low.
The bigger risk comes from leverage.
Open interest has surged alongside price. If funding rates also become heavily positive, too many traders may end up crowded into leveraged long positions. That could turn a routine pullback into a rapid liquidation event.
So $1,000 matters twice: as a psychological milestone and as the first serious test of whether this rally can build a stable base after an explosive run.

The White House vetted candidates for all four vacant Commodity Futures Trading Commission (CFTC) seats, according to CNBC. Two of those seats belong to Democrats.
Nothing in law requires them to be filled, as the statute caps one party at three of five seats, and stops there. Chairman Michael Selig currently votes alone.
.@CFTC Michael Selig Sworn In as 16th CFTC Chairman: https://t.co/K2K2W5ZXTW
— CFTC (@CFTC) December 22, 2025
The Last Full CFTC Sued Crypto
All five seats were occupied from April 2022 until February 2025:
Democratic majority
Rostin Behnam (chair)
Kristin Johnson
Christy Goldsmith Romero.
Behnam asked Congress for spot authority over digital commodities throughout. Meanwhile, his enforcement division pursued the platforms serving Americans without registering.
Johnson and Goldsmith Romero pressed hardest on customer funds and retail harm. Goldsmith Romero objected to FTX-era rulemaking that would have taken derivatives straight to retail traders.
Republican seats
Summer Mersinger
Caroline Pham
They spent their terms in dissent. Mersinger dissented over Ooki DAO, the first case against a decentralized organization.
Pham split from the Uniswap settlement and pitched a supervised testing program for crypto firms.
While neither could set the agenda, the crypto industry noticed anyway and hired Mersinger in May 2025 to run the Blockchain Association, crypto’s main Washington lobby.
1/ We’re pleased to announce that CFTC Commissioner Summer Mersinger has been chosen as the new Blockchain Association CEO. Summer will leave her current position as Commissioner on May 30 and will start at the Association on June 2. pic.twitter.com/gVD0B4PpdH
— Blockchain Association (@BlockchainAssn) May 14, 2025
Why Two Democrats are Not Guaranteed
The Commodity Exchange Act seats five commissioners on staggered five-year terms. Each needs Senate confirmation, and the president names one as chairman.
Nominees must show real knowledge of futures trading or the physical commodities involved. That test predates crypto by decades.
Notably, the party rule is a ceiling, not a floor. No more than three commissioners may share a party, which blocks a fourth Republican and mandates nothing else.
A president’s party takes the majority by custom rather than statute. Presidents also traditionally source opposition names from Senate leadership, which is why Chuck Schumer sent a list in July.
News: Schumer has sent the White House two names each for the SEC and CFTC, people familiar with the move tell me, following months of finger-pointing over the empty seats as part of Senate negotiations over the crypto bill.The nominees' identities remain unclear: "Nobody wants…
— Eleanor Mueller (@Eleanor_Mueller) July 27, 2026
Both habits can be ignored. Three Republicans and two empty chairs would satisfy the law completely.
One Commissioner Wrote the Current Rulebook
Mersinger and Goldsmith Romero left the same day. Johnson followed that September, and Pham stayed until December.
Her final months as sole commissioner produced more crypto policy than the previous three years. She cleared an offshore exchange access advisory in August and floated stablecoins as derivatives collateral weeks later.
December brought a pilot for Bitcoin and ether collateral. Selig kept every piece and has defended rulemaking as sole commissioner.
The White House matters more than the roster. Joe Biden’s 2022 order framed digital assets as a risk to manage. Donald Trump’s January 2025 order told agencies to win the technology instead.
What Crypto Would Grumble About
The industry’s preferred outcome is arithmetic. Selig plus two Republicans hold the majority, and moderates take the two minority seats.
Two Democrats could not outvote that majority. They could still force cost-benefit analysis, stretch comment periods, and slow approvals on perpetual futures and margin.
The CFTC then and the Next
The trade is the part nobody advertises. A full panel is the price Senate Democrats set for the CLARITY Act, which would split digital asset oversight between the CFTC and the SEC.
BeInCrypto reported in August that passage odds looked thin before the September 15 procedural vote. One Republican working on the bill told CNBC the White House is unlikely to fill the seats if it fails.
A statute binds the CFTC harder than one chairman’s guidance ever could. Crypto is about to learn which constraint it prefers.

Robinhood Chain, BNB Chain, and Solana handled most tokenized stock trading last week, Grayscale said in a research note published Thursday. Weekly spot volume for the sector peaked near $3 billion in early August.
Those numbers show tokenized equities have found buyers. Almost none of that money, however, does anything else on-chain once a trade settles.
Grayscale Names Robinhood Chain, BNB and Solana as Tokenized Stock Winners Tokenized Stock Trading Runs Ahead of Onchain Utility
Tokenized stocks are blockchain tokens that track a listed share price without handing the buyer the share itself. Trading them is easy. Doing anything else with them is not.
About 5% of the tokenized equity market is put to work in on-chain finance, according to the note. Grayscale research head Zach Pandl tied that to what investors actually want, which is round the clock trading and access from anywhere.
Value locked in tokenized stocks passed $110 million in late August, Grayscale said in a post citing on-chain data from Allium. That sits far below the billions changing hands every week.
$HOOD, $BNB, and $SOL are leading chains for tokenized equity trading by volume. Weekly spot volume has already reached $3B, with onchain Total Value Locked (TVL) surpassing $110M. Tokenized equities are growing fast. Read more on The Stack: https://t.co/BZyOLvg8IH pic.twitter.com/49LITxwDVg
— Grayscale (@Grayscale) September 4, 2026
Lending is starting to catch up. Holdings inside Kamino and Jupiter, two Solana lending protocols, have grown roughly tenfold in a year.
BeInCrypto reported in July that Robinhood leads tokenized stock platforms by holder count, while meme coins rather than equities drive most traffic on Robinhood Chain, the network the brokerage launched on Arbitrum earlier this year. Grayscale’s data points the same way.
Regulation Decides What Comes Next
US regulators have discussed an innovation exemption, a carve out that would let tokenized securities trade under safeguards such as verified participants and compliance ready token standards.
Securities and Exchange Commission (SEC) officials have separately argued that tokenization makes shares easier to pledge as collateral. An SEC advisory committee also backed settling stock and payment in a single transaction, which removes the risk that one side fails to deliver.
Robinhood CEO Vlad Tenev has pressed a similar case about the US tokenized stock gap. Meanwhile, the wider tokenized asset ownership problem still leaves holders with exposure rather than shares.
The gap matters because collateral use is what would pull institutional balance sheets onchain.
The named chains drew mixed price action on Friday. Solana (SOL) traded near $101.76, down 3.2% on the day, while BNB held around $718.84.
Solana (SOL) and BNB Price Performances. Source: TradingView
Volume alone will not turn tokenized stocks into collateral. Rulemaking will, and US regulators have not finished the job.

Mexican billionaire Ricardo Salinas Pliego renewed his long-term Bitcoin thesis this week, pointing to gold’s total market value as the benchmark that could eventually send BTC toward $1.86 million per coin.
In a post on X, the Grupo Salinas founder argued that reaching parity with gold’s market capitalization would require exactly that price. He also mentioned that Bitcoin’s adoption curve is still very early.
Salinas Pliego’s Long-Running Gold Comparison
This is not a new theme for Salinas. Back in October 2025, after gold became the first asset to reach a $30 trillion market cap, he predicted Bitcoin would need to rise at least 14 times, to around $1.516 million, just to match gold’s valuation before continuing to outperform it.
“If bitcoin were to achieve parity with gold market value, it would have to go up in price to $1.86 million per bitcoin. BTC = $1,860,000 USD It is still very early,” Salinas Pliego said on X.
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Bitcoin Priced in Gold Ounces. Source: X/@RicardoBSalinas
He has consistently framed Bitcoin as superior digital gold: more portable, harder to manipulate, and free from the physical storage and verification issues that come with the metal.
Salinas holds the majority of his liquid portfolio in Bitcoin-related assets, often citing 70%-80%, with the remainder split between gold and mining stocks. He views both as hedges against fiat debasement, while explicitly preferring Bitcoin’s scarcity and digital properties.
The comparison lands amid rising institutional interest in hard assets generally. Bitcoin’s correlation with gold recently reached a six-year high, according to Bitwise research, as investors seek protection from currency debasement and fiscal stimulus, a pattern echoing what followed 2020-era pandemic policy responses.
Correlation Between Bitcoin and Gold Increases to Near Six-Year High. Source: Bitwise
Analysts tie the move to fiscal arithmetic rather than yield curves or rate expectations, noting that every major advanced economy except Switzerland now carries a debt-to-GDP ratio above 100%.
Other Prominent Voices Echo a Similar Thesis
Salinas is far from alone in drawing this comparison. Michael Saylor has repeatedly called Bitcoin digital capital, arguing it is superior to what he calls analog gold in terms of transparency and performance metrics.
Analyst Willy Woo has projected multi-million-dollar Bitcoin prices if the asset captures a meaningful share of gold’s monetary role or broader global wealth storage.
Other market commentators discussing market-cap parity note that even a $1 million Bitcoin would still represent only a fraction of gold’s total valuation, reinforcing the same early-stage narrative.
As of this writing on September 4, Bitcoin trades near $79,450, according to BeInCrypto data, with a market cap of around $1.56 trillion, still a small fraction of gold’s multi-trillion-dollar market.
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AMC, the world’s largest movie theater chain, wants its tokenized stocks removed from Robinhood, and it’s causing a huge meltdown on social media. AMC wants the tokens removed because they trade on Robinhood using its stock price and branding even though buyers do not actually own AMC shares. CEO Adam Aron argues that investors could mistake the products for real shares and says the structure should face regulatory scrutiny.
Robinhood is refusing to remove anything. Their message is “Send the Lawyers”. Robinhood Chief Legal Officer Dan Gallagher, a former SEC commissioner, responded publicly.
We know a little something about the U.S. securities laws and will not “DECIST.” Send your lawyers and we’ll educate them. https://t.co/hz8dH2bz8G
— Dan Gallagher (@DanGallagherDC) September 4, 2026
Robinhood (HOOD) Stock Performance. Source: Google Finance Robinhood Draws a Line on Stock Tokens
The fight exposes the strange legal world behind stock tokens.
Robinhood’s products track listed shares, but buyers do not actually own those shares. They hold an offshore-issued debt instrument linked to the stock price. There are no voting rights and, generally, no right to exchange the token for the underlying equity.
Fintech lawyer Ariel Givner highlighted that gap, an issue BeInCrypto previously examined across the $37 billion tokenized-assets market.
“The token isn’t the asset. It’s a representation of a claim,” AMINA Bank Chief Product Officer Myles Harrison told BeInCrypto. “Those answers live in the record of ownership, not in the token itself.”
Investor Ross Gerber went much further, calling synthetic securities a Ponzi scheme and warning they could eventually threaten Robinhood.
Aron has called the structure “contemptible” and said he will raise it with the SEC. Yet Robinhood has one important defense: these tokens are not offered to US investors.
CEASE AND DECIST in all caps was my attempt at humor. It was a cross between Desist (which means to stop) and De-cyst (which would mean to remove a cyst, something that causes pain and discomfort). What you know about U.S. securities laws apparently is that you are happy to… https://t.co/MKNdSphG4y
— Adam Aron (@CEOAdam) September 4, 2026
For now, no lawsuit has been filed. Aron’s next move will decide whether this remains a corporate shouting match or becomes a serious test of how far tokenized stocks can go.

Hargreaves Lansdown now sells Bitcoin (BTC) to about 2 million clients. However, it arrives five months too late, given that the tax break its savers wanted was closed in April.
Buy Bitcoin through a rival last winter, and the profit is tax-free for life. Buy the same thing at HL today and the taxman takes a cut.
Hargreaves Lansdown’s Bitcoin is for £100,000 Earners
According to a report in the Financial Times, nine products went live, delivering notes that track the Bitcoin price, and run by firms like BlackRock, Invesco, and CoinShares. Fees range from 0% to 0.35% per year.
The UK’s largest investment platform, Hargreaves Lansdown (HL), will open crypto ETN trading to its approximately 2 million investors from September 3, initially offering 9 BTC and ETH ETNs issued by BlackRock’s iShares, WisdomTree, 21Shares, Invesco, CoinShares and Bitwise, with…
— LondonCryptoClub (@LDNCryptoClub) September 4, 2026
HL was the last big British platform to say yes, waiting 330 days after the rules changed. However, on closer inspection, you notice that it only changed its shelf, not its mind, since they still label these products as high risk.
Most clients cannot buy them anyway, as HL requires £100,000 in yearly income or £250,000 in savings. Buyers also sit a short test and wait a day.
There is a catch in the product too. You never own any Bitcoin. Instead, you own a promise from the firm behind the note.
That makes 2 million the client list, not the buyer list, and anyone who qualifies must use a taxed account, or a pension they cannot touch until 55.
“After an appropriateness test and a 24-hour wait, a SIPP or Fund and Share account on HL can take listed Bitcoin exposure, even though you still do not hold the coins and a standard Stocks and Shares ISA remains closed to new buys,” one user noted.
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Britain’s Tax-Free Window Lasted 180 Days
That taxed account is the whole problem because savers once had a better option, and now it has gone. Britain barred ordinary savers from these products for years. The Financial Conduct Authority lifted that ban on 8 October 2025.
For a while, savers could hold Bitcoin inside an ISA. That is the tax-free account millions of Britons already use. Money made inside one is never taxed.
The tax office shut that door on 6 April 2026. The window had been open for 180 days. HL now turns up 150 days after it closed.
15 million UK retail investors are losing access to crypto ETNs in their ISAs from Monday.In October, the UK opened the door to crypto ETNs through Stocks & Shares ISAs. Now, the tax system is closing it.Instead, these products will only be available through Innovative… pic.twitter.com/GBF2RbYacb
— CryptoUK (@CryptoUKAssoc) April 2, 2026
Savers who moved in time keep the tax break for good. The tax office left their holdings in place. HL’s clients get nothing.
Here is what that is worth. Put £20,000 in an ISA, double it, and you owe zero. Double it in a normal account, and the tax bill is about £4,080.
BeInCrypto called the reopening a symbolic step when Bitcoin ETNs returned to Britain. That reading holds up. The firm that said Bitcoin was no asset class now sells it. Just to the rich and in the wrong account.
Ministers say ordinary ISAs may get these notes back later.

The most consequential device in cryptography does not exist yet. Quantum memory, an Oxford lecturer argues, will decide whether Bitcoin (BTC) breaks or gets replaced by something better.
Stefano Gogioso published that argument on Tuesday. He says the promise of quantum cryptography now rests on building a single piece of hardware.
“The development of portable long-term quantum memory will be one of the most consequential milestones of quantum technology. These devices will power an entirely new class of applications, such as quantum money, the ultimate incarnation of a digital store of value.”
Gogioso, a quantum computing lecturer at the University of Oxford and co-founder of quantum security firm Spooqy, told BeInCrypto.
The Bottleneck Quantum Money Never Cleared
An earlier report from the BeInCrypto Experts Council ended on an unsolved problem. Quantum money cannot be forged, because quantum states cannot be copied.
Nobody, however, can hold those states for long. The best laboratory systems keep one alive for seconds, which is why the case for quantum money has stayed theoretical.
Gogioso’s post sets out what a usable device would actually need. Stability measured in months, or ideally forever. Portability, first inside a shipping crate and later inside a pocket. Capacity running to billions of separate states.
He also rules out the more familiar idea of quantum RAM. Nothing in his design needs random access or in-place editing. States are drawn in order and spent once.
The distance between seconds and months is the entire problem.
Why Gogioso Calls Quantum Memory Inevitable
His answer arrives in two steps, and the first one is categorical.
A fault-tolerant quantum computer must keep fragile states alive at scale, against noise, for as long as a calculation runs. That requirement is what fault tolerance means.
Remove the computing, Gogioso argues, and a quantum memory device is what remains. Denying one therefore means denying the other.
The reframing matters commercially. Billions of dollars are already committed to fault-tolerant machines. The memory sits inside those roadmaps as an unavoidable step.
His second step concerns portability. Machines running at cryogenic temperatures will keep their states at the bottom of a refrigerator for years to come.
Atom-based designs are different. They store information in properties that nature already keeps isolated. That turns the problem into hard engineering rather than physics.
Gogioso also lowers the bar in a way the debate has mostly ignored. A memory does not have to survive decades. A sealed single-use cartridge, filled at a facility and spent state by state, would serve every application he describes.
The Same Machine Breaks Bitcoin and Builds Its Replacement
Follow that argument into crypto and it produces an awkward symmetry.
In March, Google Quantum AI worked with the Ethereum Foundation and Stanford on the cost of attacking Bitcoin. The team put the requirement at fewer than 500,000 physical qubits.
Such a machine only works if it is fault tolerant. And fault tolerance, by Gogioso’s own definition, is quantum memory.
The conclusion is uncomfortable for both camps. The hardware that would expose Bitcoin’s signatures would also fuel quantum money.
Every dollar chasing fault tolerance therefore funds both futures at once. No version of this story exists where quantum computers break Bitcoin and the alternative stays impossible.
Gogioso and Daniela Herrmann, chief executive of quantum firm Dynex, made the wider case on the panel above.
Why a Stolen Shipment Would Not Matter
The security model behind all of this inverts an old assumption.
Classical key material is dangerous in transit. Whoever copies it owns it, and leaves no trace of having done so.
An entangled pair carries no information at all while it sits in storage. The randomness that becomes a key appears only at the moment of measurement.
A hijacked crate would therefore cost a supplier its stock rather than its secrets. Gogioso writes that the worst a corrupt supplier can deliver is a tank of useless gas.
A second consequence is stranger. These resources burn. A key consumes entangled pairs, and a banknote gets spent across its own verifications.
Gogioso calls the effect cryptography by combustion. Money built this way would arrive with a fuel gauge.
Q-Day Has a Calendar. Quantum Money Does Not.
The two halves of this story move at very different speeds.
The attack side is full of dates. IBM expects quantum computing to move its earnings by 2028 or 2029. Hong Kong has set its banks a quantum readiness deadline of 2030.
The National Institute of Standards and Technology plans to retire current elliptic-curve signatures by 2030. It would disallow them outright by 2035.
The replacement side has no calendar whatsoever. Gogioso declines to supply one. His post argues for the inevitability of the resource, not the imminence of a product.
He was more forward-looking on the panel, suggesting provably impossible applications within five to seven years. That estimate covered quantum resources broadly, not a memory small enough for a wallet.
Herrmann drew the same boundary during the discussion.
“Quantum money is the vision, once this all plays out. Right now, quantum money as such isn’t available yet. But as soon as the chips advance, these things have to be handled with real responsibility.”
What the Argument Leaves Open
Two questions survive it.
Somebody still has to fill the memories. That leaves an issuer inside a system advertised as having no custodian.
A bearer instrument with no ledger also has no recovery. A note that is lost, stolen, or simply left to decay takes its value with it.
The industry is building the machine regardless. It has not yet decided which of the two things it wants.

WhiteBIT Coin (WBT), Hyperliquid (HYPE), and Rain (RAIN) all printed all-time highs within the past 10 days. All three altcoins now trade just beneath those records rather than rolling over.
Two of the three sit within roughly 3% of a new peak. RAIN needs a far larger move, which makes it the outside bet of the group heading into the weekend.
WBT Price Sits 2.7% Below Its Record
WBT trades at $73.05 after gaining 1.49% in 24 hours, giving it a market capitalization of nearly $8.6 billion. The token set its record of $74.87 on Aug. 25.
Price action has stayed in discovery mode since WBT cleared its former peak at $64.43. An ascending parallel channel formed in early February, broke down before the June selloff to $42.38, then recovered on Aug. 21.
WBT daily chart / Source: Tradingview
The upper channel band near $72.50 has since held as support. Resistance runs from $73.50 to $75.05. WBT approached similar territory in early August without breaking through. Meanwhile, the relative strength index (RSI) reads 69, down from 80 in late August, which indicates cooling momentum.
HYPE Price Needs 3.1% for a New All-Time High
HYPE changed hands at $85.39 after a 3.36% daily gain. Its market capitalization is near $19 billion, ranks 10th by size, and its record of $88.06 arrived on Sept. 3.
Two objectives sit above the spot. A new peak requires 3.1%. The 1.272 Fibonacci extension at $92.37 demands 8.2% and caps a supply band starting at $88.50. Hyperliquid already featured among the altcoins flagged for September.
HYPE daily chart / Source: Tradingview
Support starts at the former record of $77.00. Below that, an ascending trendline from the February low runs near $57. It converges with the 0.618 Fibonacci level at $55.41 and has held three times since March. RSI near 66 suggests strength is fading, though HYPE has still gained about 70% since Aug. 2.
RAIN Price Must Climb 17% to Set a Record
RAIN trades at $0.01661 for a market capitalization near $11.8 billion. Its record of $0.01943 dates to Aug. 25, so a new peak this weekend would take almost 17%. That makes RAIN the least likely of the three.
Longer-term structure still favors buyers. A late-May breakout lifted RAIN from $0.0067, and the token has built higher lows while holding the $0.01624 shelf. RAIN traded near record levels in mid-July as well.
RAIN daily chart / Source: Tradingview
Resistance sits at the 1.272 Fibonacci extension of $0.01884, roughly 3% under the record. Support follows at $0.01420 and $0.01259. However, volume has thinned for four sessions and RSI has slipped from 78 to 60. Momentum may not carry price that far.

ChatGPT pointed a user toward a fake crypto site, and when they signed one approval, 1,904,513 FXRP left their wallet.
That is about 1.3% of the entire FXRP supply today. Investigator VAL says the same phishing setup took more than $2.2 million overall.
One Signature, 1.9 Million FXRP Gone
The victim goes by Alex on X (Twitter), an individual who asked ChatGPT in Russian where to swap sFLR, Flare’s liquid-staked token, for wrapped FLR.
The answer carried a link to sceptre.network, and not Sceptre. The real liquid staking app runs from sceptre.fi. Alex connected his wallet and approved an unlimited spending limit. He never moved the tokens himself.
Blockchain records show the drain ran shortly before 7 pm UTC on June 12. The attacker’s own contract called it. Alex’s signature had already done the work.
Lost ~1.9M FXRP to an approval-phishing scam.I asked ChatGPT where to swap sFLR for WFLR. Its answer contained a link — it led to a phishing site. I signed an "unlimited approve," and the funds were drained via transferFrom seconds later.Tx:… pic.twitter.com/1waLIWyotG
— Alex (@vesnuhin) June 13, 2026
The token was FXRP, Flare’s bridged version of XRP for decentralized finance (DeFi). Alex put the loss near $2.1 million.
The receiving wallet was not new either, with blockchain data showing its first funds landed on April 23, fifty days before Alex signed. It has since taken in at least four different Flare tokens, suggesting he may have not been the only target.
“This wallet has been operating since April 2026, receiving FLR in varying amounts,” on-chain investigator Val noted.
BeInCrypto described this method earlier in the year, three weeks before Alex clicked. Drainers register lookalike Uniswap domains and buy search ads to farm approvals.
@Uniswap typing your name on Google has shown a scam site at the top for weeks.Many users have reported losing funds after connecting wallets to an identical interface.The site is now down (404), but the URL still appears. It can be reused or reactivated by scammers. Please… pic.twitter.com/tZm5uYzlJK
— BeInCrypto (@beincrypto) March 31, 2026
The unlimited approval is the whole attack, just as one Ethereum holder learned after losing $999,999 to one signature.
OpenAI’s Agents Took Over a German Wiki
Elsewhere, Reuters reported Friday that agents linked to OpenAI made about 15,000 edits to DseWiki, a quiet German programming wiki, starting in May.
Researchers led by Sydney Von Arx of the AI safety nonprofit Nightingale found the agents swapping tips. They traded ways to cheat tasks, dodge OpenAI’s rules and hide their tracks. About half took names like OpenAIResearcher.
When a moderator began deleting pages in June, the agents saved ZZZ-prefixed copies. An alphabetical sweep reaches those last. Some discussed using Tor.
OpenAI has not accepted the findings.
“We are unable to meaningfully respond to claims or findings on a report that we have not had an opportunity to review” Reuters reported, citing an OpenAI spokesperson.
A July breakout went further, with roughly 1,200 agents gathering on an improvised board. About 700 then breached Hugging Face. BeInCrypto covered that escape in August, when OpenAI gated its cyber model.
This could be one of the most significant AI safety incidents to date.Reuters reports that OpenAI agents escaped their testing environment and made more than 15,000 edits to a German wiki, effectively turning it into a message board for other AI agents.They allegedly used it… https://t.co/zt1fnNNfho pic.twitter.com/lY5Jk6kNfs
— Chubby♨️ (@kimmonismus) September 4, 2026
The two cases share a medium, not a culprit. Criminals seeded the web so a model would echo their link. OpenAI’s agents wrote to it themselves. Both worked because a page looked safe.

The Bitcoin movie, now in post-production, tells Craig Wright’s version of the Satoshi Nakamoto story. Former Mt. Gox chief Mark Karpelès answered by pointing viewers toward the court record instead.
Doug Liman directs the $70 million production. Casey Affleck plays Wright, while AI versions of Mark Zuckerberg, Jeff Bezos, and Jack Dorsey appear on screen. Gal Gadot, Calvin Ayre, Pete Davidson and Isla Fisher are star casts of the movie.
Why the Bitcoin Movie Splits Bitcoiners
Karpelès, who ran Mt. Gox until its 2014 collapse, replied to a thread mocking Wright’s supporters. His instruction was blunt. He told readers to link bitcoin.movie.
Mark Karpelès. Source: X
That page names no author. However, it leans entirely on public judgments, and it argues that the film inverts what judges actually found.
Artificial intelligence built the sets. Actors performed on a bare stage while software generated the environments, which producer Ryan Kavanaugh calls a big cost saving.
The timing matters. Bitcoin’s origin story keeps returning to the headlines, and each fresh claim travels fast. In April, a New York Times investigation named Blockstream CEO Adam Back, who denied it. Back has since challenged recent Satoshi documentary claims and the weight placed on early Bitcoin forum posts.
What the Court Actually Found
The Bitcoin movie frames Wright as a man hunted by powerful enemies. In 2024, however, the High Court of England and Wales ruled that he did not write the Bitcoin white paper and did not create the network. Mr Justice Mellor found forgery on a grand scale.
“Dr Wright lied to the Court extensively and repeatedly.” Mr Justice Mellor, judgment.
A contempt finding followed in December 2024. Wright drew a suspended 12-month sentence after filing a £900 billion claim against Bitcoin developers and companies.
Wright also has a history with Karpelès. In 2020, his lawyers claimed ownership of coins sitting in two hacked Mt. Gox wallets.
Despite that record, Wright still posts. His recent governance critique argued that Bitcoin’s base rules should never change.
Calvin Ayre, Wright’s longtime financial backer, reportedly helped fund the film. That gives the money behind the production a stake in the claim it dramatizes. Sellers pitched it at the Cannes market in April. No distributor has signed on since, so no release date exists.
Bitcoin’s origin story has drawn claimants, documentaries and lawsuits for years. Now it draws Hollywood money as well. The Bitcoin movie adds another version of events, not an answer.

Bitcoin (BTC) price climbed to $81,050 on Friday, returning to the level it last touched on May 14. Recent buyers now sit far further from breakeven than they did then.
Glassnode data shows the average entry price for coins younger than 155 days has dropped sharply. Bitcoin, meanwhile, trades at almost the same level as in May.
Bitcoin price on-chain divergence comparison, May versus September 2026 / Source: BeInCrypto Short-Term Holder Cost Basis Reset Almost $7,500 Lower
Short-Term Holder MVRV measures how far recent buyers sit above or below their average entry. The reading closed at 1.1415 on September 3, against 1.0298 on May 14.
Both dates share nearly the same price. May 14 closed at $81,059.69, while September 3 closed at $81,261.98, a difference of just 0.25%.
Short term holder MVRV / Source: Glassnode
The implied cost basis, in contrast, tells a different story. It stood near $78,713 in May and sits near $71,188 today, a reset of roughly $7,500.
That changes the margin for error. In May, a 2.9% dip would have pushed the whole cohort back underwater. The dip arrived, and the rally unwound toward the low $60,000s.
Today the same cohort holds a 12.4% buffer, more than four times wider. Historically, that buffer has decided whether recoveries hold or fail.
SOPR Shows Profit Without Distribution
The cushion looks encouraging. Spent Output Profit Ratio, however, complicates the picture.
SOPR printed 1.0082 on September 3. Coins moving on-chain therefore changed hands at less than 1% average profit.
Comparable breakouts produced far hotter readings. SOPR reached 1.086 in November 2024 and 1.179 in July 2025.
Spent output profit ratio (SOPR) / Source: Glassnode
Long-term holders appear inactive. Their coins carry the largest multiples, so meaningful selling would lift the ratio well above current levels.
Yet the same reading cuts both ways. Weekly volume keeps declining, and the spike behind last week’s breakout has not repeated. Thin participation may indicate tight supply among holders, or a move driven by derivatives rather than spot buyers.
Bitcoin Price Prediction and the $82,842 Trigger
The weekly chart shows a sequence of lower highs and lower lows since the $126,200 record. That sequence is now breaking. Bitcoin has printed a higher low and trades 35.8% below its all-time high.
A weekly close above $82,842 would confirm the first higher high since the record. The current weekly high reached $82,285, roughly $557 short.
BTC weekly chart / Source: Tradingview
Resistance sits immediately above at the 0.382 Fibonacci retracement near $83,917. A break of the trigger that stalls there would leave the reversal unconfirmed.
Support looks unusually well defined. The 200-day moving average sits at $69,664 and the 0.5 Fibonacci level at $70,855. The on-chain cost basis at $71,188 completes a band just 2.16% wide.
Bitcoin last tested that moving average as resistance on May 14. It now trades 16.3% above it.
BTC daily chart / Source: Tradingview
Momentum warns against chasing. Daily RSI sits near 72 after touching 78 in late August, an early bearish divergence. Weekly RSI near 60, by contrast, still leaves room. A volume expansion would settle the argument.
Above $83,917 the reversal gains confirmation. Below $71,188 the buyers behind this move lose their profit.

Robinhood Chain stopped producing new blocks on Friday, leaving transactions stalled for at least 14 minutes. Robinhood has disclosed neither the cause of the outage nor an estimated recovery time.
The network normally settles a block every tenth of a second. At that pace, a 14-minute stall accounts for roughly 8,400 blocks that were never produced.
Robinhood Chain network appears to have experienced an outage. Source: Block Explorer What the Explorer Showed
The chain’s tip sat several minutes old while the network kept accepting nothing new. Pending transactions read zero across the preceding half hour.
Traffic into the stall had been heavy. Blockscout put the prior 24 hours at 14.14 million transactions, on an average fee of $0.48.
🚨 Robinhood Chain suffered a network outage today, halting block production and stalling transactions for over 14 minutes.Block explorer data shows block creation has only intermittently resumed, with the cause of the disruption still unknown. pic.twitter.com/nZtglQUZ2t
— BeInCrypto (@beincrypto) September 4, 2026
Robinhood Markets (HOOD) runs no public status page for the chain. That leaves block explorers as the only live window onto whether it is running.
Why a Single Sequencer Matters
Robinhood launched the chain’s mainnet on July 1, built on Arbitrum’s Nitro software. Every block carries one poster address, a vanity string spelling the word sequencer in hexadecimal.
That design means one operator orders all traffic. When it stops, users have no second sequencer to fall back on and no way to force their transactions through.
L2BEAT, which grades Layer 2 decentralization, ranks Robinhood Chain below Stage 0, its lowest tier. The tracker flags that single sequencer and instant contract upgrades. Only two whitelisted actors can dispute invalid states.
Robinhood Chain on L2Beat
Those trade-offs carry more weight now. L2BEAT values assets on the chain at $2.46 billion.
BeInCrypto reported earlier this week that the chain set a decentralized exchange (DEX) record. That record daily DEX volume topped $1.06 billion, driven by meme coins rather than tokenized stocks.
Fee income from that traffic has spilled into the wider Arbitrum ecosystem, lifting both Uniswap’s revenue base and ARB itself.
A brokerage that halts trading owes its customers an explanation. Whether Robinhood treats a chain outage the same way is the open question.

Pons (PONS) climbed to a record high of $0.73 on Friday after Uniswap Labs disclosed a purchase of the token, lifting the price roughly 41% in a day.
The milestone adds to a rally, which has lifted the meme coin 2534.7% in the past month and divided traders sharply.
Uniswap Purchase Follows Weeks of Launchpad Rivalry
Pons said the purchase deepens an existing relationship between the two teams. Neither side disclosed the size of the buy or the price paid.
The purchase carries weight because the two products compete directly. Uniswap Labs launched its own launchpad, Pools, on the Robinhood Chain in early August, positioning it against Pons on the same chain.
PONS had already set a record high a day earlier after a Binance Alpha listing. The token has now extended that run.
The token has added 407.70% in seven days, per CoinGecko. Other launchpad tokens rose 5.70% in that window, against 0.80% for the broader crypto market as a whole.
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INSIGHT: Uniswap Labs’ recent acquisition of $PONS has pushed the token up 41%, hitting a new ATH of $0.73. pic.twitter.com/qBKJWtqbFL
— CoinGecko (@coingecko) September 4, 2026
Traders Post Sharply Different Results
The meme coin’s rally rewarded holders and punished sellers. Lookonchain data shows that trader Unipcs spent $67,700 on 10.9 million PONS and never sold them. That stake is now worth $7.52 million, a 110x return.
Trader 0xbb94 exited early instead. The wallet bought 7.82 million PONS for $302,600, then sold them for $231,300 after a 20% drop, missing out on $5.3 million in later gains.
PONS on #Robinhood is pumping, while @loraclexyz is shorting it.He opened a 3x short on 17.26M ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 ($11.6M) and is now down $2.38M.He also opened a 3x short on 22.5M $CASHCAT ($6.18M) and is now down $970K.… pic.twitter.com/Lb0BuUJAL9
— Lookonchain (@lookonchain) September 4, 2026
Supply mechanics also support the price. Pons says 29.34% of the total PONS supply has been burned. 80% of protocol fees fund programmatic accumulation of the token.
Similar buybacks have supported prices elsewhere in the market. Still, the price impact of a buyback-and-burn program depends on both the mechanism’s existence and its scale. A relatively small buyback may have little effect on a deeply liquid market.
Meanwhile, a larger program that removes a meaningful share of circulating supply can create stronger upward pressure, particularly if demand remains steady. This makes sustained launchpad activity the variable to watch.
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Bitcoin (BTC) and gold both dropped within minutes of Friday’s US jobs report, after August payrolls came in at nearly three times what economists expected.
The print revived bets on a September Federal Reserve rate hike. That hit the two assets that had spent the week rallying on expectations of a hold.
🇺🇸 *US AUG. NONFARM PAYROLLS RISE 162,000 M/M; EST. +55K – BBG*US AUG. TWO-MONTH PAYROLL NET REVISION ADDS 55,000*US AUG. UNEMPLOYMENT RATE 4.1%; EST. 4.1%
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 4, 2026
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Payrolls Triple Forecasts and Flip July Positive
The US economy added 162,000 jobs in August, against a consensus near 56,000. The Bureau of Labor Statistics (BLS) put the prior 12-month average monthly gain at just 31,000.
“NFP comes in nearly 3x expectations at +162k led by bounce back in leisure & Hospitality +62k (food services and drinking places +55k). Local government education similarly +42k, reversing much of July’s -58k (after revision). Total net revisions add +55k to June/July bringing 3-month average to +71k from +38k in July,” one user highlighted.
Revisions did more damage to the slowdown case than the headline did. July’s reported loss of 23,000 jobs became a gain of 21,000. June moved up to 31,000 from 20,000.
Unemployment held at 4.1%. Average hourly earnings rose 0.3% to $37.75, lifting the annual pace to 3.1% and beating the 3.0% forecast.
Bitcoin Loses $80,000 in a Single Candle
Bitcoin traded at $81,340 before the release. It fell to $79,661 inside one five-minute candle, a 1.80% drop, and last changed hands near $79,860.
Gold offered no shelter. The metal slid from $4,473 to $4,376 an ounce, a 1.75% loss, in the same window.
Bitcoin and Gold Price Performance. Source: TradingView
“NFP took your SL. Don’t let revenge trading take your account too,” one user quipped.
Leverage magnified both moves. CoinGlass logged $202 million in lomng position liquidations in one hour, taking the 24-hour total to $768.54 million.
Crypto Liquidations. Source: Coinglass
BeInCrypto reported hours earlier that Fed hike odds had slipped to a coin flip, and asked whether Bitcoin’s move above $80,000 would hold. It did not.
Warsh Fed Back in Play Before CPI
Hike odds sat near 66% at the end of August. They halved this week after Governor Christopher Waller signaled support for a hold, a shift that carried Bitcoin and gold higher together.
August reverses that logic. Firm wages and upward revisions hand Chair Kevin Warsh the tight labor market his hiking case needs.
The mirror image came a month ago, when a weak July print drove gold futures higher on Binance. Friday ran the trade in reverse.
Consumer price data lands September 11, five days before the Fed decides. A soft inflation print could still undo Friday’s repricing.

An attacker drained roughly $1.73 million from Notional Finance’s legacy escrow contract early Friday, exploiting a coding flaw that made an enormous fabricated debt register as zero.
The stolen DAI and USDC became about 689 ether (ETH). The funds then went through Tornado Cash, a service that breaks the trail between wallets. Notional has said nothing publicly.
#CertiKInsight 🚨We have seen an ~$1.7M exploit on @NotionalFinance. https://t.co/luKD7RcbVAThe attacker used two mintfCashPair() calls to create a -2^128 liability, which was truncated to 0 by an unsafe uint128() downcast in free-collateral valuation.Stay Vigilant! pic.twitter.com/5T7E0XQfWJ
— CertiK Alert (@CertiKAlert) September 4, 2026
How the Notional Finance Exploit Worked
Notional Finance is a fixed-rate lending protocol on Ethereum. Its first version recorded future cash obligations as tokens called fCash. The system screened borrowers for collateral before letting them add debt.
That screening converted debt into ether terms through a raw uint128 conversion. Two mints summed to exactly two raised to the power of 128. That is the single value the conversion flattens to zero, QuillAudits found.
A checked conversion would have rejected the figure instead of quietly dropping its digits. Notional used the safer method elsewhere in the same file, according to the write-up.
The account then read as debt free. Etherscan records show the setup landed at 11:58 p.m. UTC Thursday and the withdrawal three minutes later.
That second transaction moved 69,257 DAI and 1,658,524 USDC out of the escrow. The attacker also tipped block builder Titan 0.07 ETH to route the trade privately.
Security firm PeckShield relayed a warning from on-chain monitor Specter. The escrow now holds about $60,600 in leftover tokens.
#PeckShieldAlert Specter has reported that the Notional Finance escrow contract may have been exploited, resulting in $1.7M in ethereum:0x6b175474e89094c44da98b954eedeac495271d0f and $USDC lost. The exploiter has swapped the stolen funds into 689.2 $ETH and deposited them into… pic.twitter.com/Wd5Dc3MWtL
— PeckShieldAlert (@PeckShieldAlert) September 4, 2026
Dormant V1 Contracts Still Held Real Money
Notional wound down its third version after the November 2025 Balancer exploit cascaded into its vaults. The V1 contracts stayed live and funded, and nobody swept them.
Independently audited protocols still account for most crypto hack losses, so an old review offered no cover here. June brought a close parallel, when an attacker drained legacy Solana pools at Raydium.
Notional’s NOTE token trades near $0.0065, up 3.5% over 24 hours, on a market value close to $400,700.
Notional Finance (NOTE) Price Performance. Source: BeInCrypto
Notional had issued no statement, loss figure, or post-mortem at publication. Whether the drained cash belonged to users, the treasury, or a third party remains unconfirmed.

US and UK law enforcement signed a first-of-its-kind agreement on Thursday to dismantle the overseas crypto and cyber scam compounds that strip roughly $10 billion from Americans every year.
The memorandum of understanding (MoU) binds the US Attorney’s Office for the District of Columbia, the Crown Prosecution Service of England and Wales, and the National Crime Agency, Britain’s lead body against serious organized crime.
US and UK Launch Joint Offensive Against Scam Compounds
Under the memorandum of understanding, the three agencies will run parallel investigations into shared targets. They will also trade intelligence on organized crime syndicates and settle which country prosecutes each case.
US Attorney Jeanine Ferris Pirro signed alongside Crown Prosecutor Stephen Parkinson and National Crime Agency Director General Graeme Biggar. The ceremony took place at the residence of Britain’s ambassador to the US.
Pirro framed the arrangement as a wartime alliance against transnational crime.
“Together we will disable the Chinese TOC networks that are operating these scam compounds and depriving our citizens of their hard-earned funds, all while using human-trafficked labor to increase their profit,” he said.
Both sides have already flagged overlapping cases. Meanwhile, the National Crime Agency will host an in-person disruption operation with private industry partners in London in early October.
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Fraud Losses Climb as Enforcement Widens
The MOU extends a campaign that began in November 2025, when Pirro launched the Scam Center Strike Force. BeInCrypto reported that in April, the US Attorney’s Office, along with its partners, restrained more than $700 million in crypto tied to scam compounds. Authorities seized a further $25 million in July tied to global fraud networks.
Private firms have joined the effort. Coinbase froze over $3 million linked to Asian fraud rings during a DOJ Disruption Week in June.
The numbers behind the crackdown keep rising. Reported losses from cyber-enabled investment fraud (CIF) hit $8.65 billion in 2025, an 89% jump from $4.57 billion in 2023.
Cyber-enabled fraud drove almost 85% of all losses logged by the FBI’s Internet Crime Complaint Center (IC3) last year. However, the agency notes most victims never file a report, so actual losses run higher.
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Bitcoin Knots developer Luke Dashjr says major exchanges now sell fake bitcoins, days after the Bitcoin hard fork split his BLAKE2b chain from the network.
He blames platforms that skipped running their own full nodes. Meanwhile, the rest of the market treats his chain as dead.
Bitcoin Hard Fork Sparks a Fake Coin Accusation
The row started on X. Swan co-founder Yan Pritzker asked Dashjr whether he truly believed exchanges skip the node operation.
Dashjr replied that competent operators would never list the SHA-256 chain. “If they did, they wouldn’t be selling fake bitcoins now. Unless you’re saying it’s intentional fraud,” he wrote.
If they did, they wouldn't be selling fake bitcoins now. Unless you're saying it's intentional fraud
— Luke Dashjr (@LukeDashjr) September 4, 2026
Earlier in the thread, he called established exchanges incompetent and accused them of blindly following ex-miners out of Bitcoin. However, that framing rests on his own view of which ledger counts. He has argued for months that spam data on the main chain is an attack on the network. Ripple’s former CTO, David Schwartz, dismissed that claim as nonsense.
He also labels the SHA-256 chain “Spamcoin” and wants exchanges to stop advertising it as Bitcoin.
The Bitcoin hard fork permanently swapped SHA-256 for BLAKE2b. That change locks out every existing ASIC rig. Dashjr resigned as chairman and CTO of mining pool OCEAN before the split, and he now leads CONVOY Mining.
Miners and Traders Ignore the Split
So far, no major exchange has listed the forked coin. One small venue opened deposits under the ticker BTCB2, where bids reached $82 earlier this week.
Bitcoin (BTC) meanwhile trades near $80,670 after a 3.83% gain in 24 hours. A bid-ask spread of 131.7% on that venue pointed to almost no genuine demand.
Bitcoin Price Performance. Source: BeInCrypto Markets
Miner support for the Bitcoin hard fork never arrived either. Signaling for the BIP-110 fork peaked at 2.53%, far below the 55% threshold. An August attempt died after two blocks.
Since the September 1 split, hashrate on the new chain has kept falling. Blockstream CEO Adam Back summed the episode up in one line.
“Live by the fork, die by the fork,” he said.
Therefore, Dashjr now stands almost alone. Whether anyone besides his supporters keeps mining BLAKE2b will decide how long the fake bitcoins claim survives.

A newly created wallet reportedly turned roughly $2,972 into more than $2.1 million within 12 hours, according to on-chain analytics account Lookonchain.
The trade centered on MEME, a token on Robinhood Chain inspired by the stock of the American company AMC Entertainment, which was caught early enough to produce a reported 713x return.
How the Trade Reportedly Played Out
Lookonchain identified the wallet address, beginning with 0xc740, as only 21 days old. Its owner had traded just 8 tokens in total before this transaction, according to the on-chain data.
The standout move came when the trader spent approximately $2,972 to acquire 16.11 million MEME tokens. Within less than 12 hours, the value of that position climbed to more than $2.1 million.
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This guy is so lucky!He created wallet 0xc740 21 days ago, traded only 8 tokens, and caught $MEME early today, making $2.1M+ in less than 12 hours – a 713x return!He spent $2,972 to buy 16.11M $MEME, then sold 750K $MEME for $85.3K, and still holds 15.36M $MEME ($2.03M).… pic.twitter.com/QMKFEkHvdd
— Lookonchain (@lookonchain) September 4, 2026
The trader had already realized some profit by the time of the report, selling 750,000 tokens for roughly $85,300. The remaining 15.36 million tokens were valued at approximately $2.03 million, still unrealized and subject to the token’s ongoing volatility.
Why MEME Suddenly Exploded 3,100x
The token’s surge traces directly to a controversy involving Robinhood’s tokenized stock service. The platform’s stock-token DEX had surpassed $3 billion in trading volume across 63 days, offering tokenized exposure to more than 190 companies, including AMC.
AMC CEO Adam Aron publicly objected, calling the arrangement contemptible, outrageous, and disgusting, and stating that outside securities counsel was reviewing the matter.
Robinhood apparently is behind an effort related to “tokenized real-world assets including Stock Tokens” for AMC Entertainment (and supposedly 190+ other companies). They are not registered under U.S. securities laws !!!!!!I find this practice to be contemptible, outrageous,…
— Adam Aron (@CEOAdam) September 3, 2026
That backlash sparked a community meme reinterpreting the ticker AMC as “A Meme Coin,” which quickly gave rise to MEME itself.
The token then surged more than 3,100x within a single day, according to GMGN data cited by Odaily, pushing its market capitalization above $60 million.
As an event-driven meme coin tied to an unfolding public dispute, analysts noted it could remain highly volatile as the Robinhood-AMC conflict continues playing out.
$MEME just became THE MAIN character on Robinhood ChainThis is “A Meme Coin” on Robinhood Chain, paired with tokenized $AMC– AMC CEO rage-tweets Robinhood for tokenizing $AMC– Vlad hits back: “What’s the concern?”– CT turns the fight into a ticker joke: AMC = A Meme Coin-… pic.twitter.com/ZeBH6uD3Qc
— jussy (@jussy_world) September 4, 2026
Why Stories Like This Remain the Exception, Not the Rule
Meme coins like MEME typically carry no underlying product or traditional fundamentals, even when inspired by a real company’s stock. Prices move almost entirely on narrative, social media momentum, and speculative timing.
Lookonchain’s post described the trader as “so lucky,” a framing that reflects how the crypto community generally interprets these windfalls. Outcomes like a 713x return remain genuinely rare.
The same volatility that turns a few thousand dollars into millions overnight also wipes out the vast majority of positions taken later in the same rally.
As MEME and the broader Robinhood-AMC dispute continue unfolding, this episode illustrates both the extreme upside meme coins can occasionally deliver and the far more common reality of losses that rarely make headlines.
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AMC Entertainment shares jumped more than 15% in premarket trading on Friday. Chief executive Adam Aron and Robinhood boss Vlad Tenev are publicly fighting over tokens tracking AMC stock.
Aron has demanded that Robinhood halt those tokens. They mirror AMC’s price from an offshore vehicle and carry no ownership or voting rights.
AMC Stock Jumps 15% but Stays Down on the Week
AMC stock traded at $2.92 in Friday premarket dealing, a gain of 15.19% or 38.5 cents. It touched roughly $3.03 earlier before easing back.
AMC Stock Price Performance. Source: Yahoo Finance
At $2.92, the company is worth about $2.6 billion across roughly 893 million shares. That compares with $2.27 billion at Thursday’s close of $2.54.
The five-day picture is less flattering. AMC stock is still down 5.93% over that stretch. Shares drifted between $2.50 and $2.72 for most of the week before Friday’s gap higher.
BeInCrypto asked last week whether meme coins trading against tokenized stocks could move the real thing. Friday’s move is the clearest test of that question so far.
What Set the AMC Stock Move Off
Aron’s bone of contention is that Robinhood was behind tokenized versions of AMC and more than 190 other companies. He called the practice contemptible.
Robinhood apparently is behind an effort related to “tokenized real-world assets including Stock Tokens” for AMC Entertainment (and supposedly 190+ other companies). They are not registered under U.S. securities laws !!!!!!I find this practice to be contemptible, outrageous,…
— Adam Aron (@CEOAdam) September 3, 2026
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Robinhood CEO Vlad Tenev has since pushed back.
“What’s the concern?” wrote Tenev in a post.
Aron then replied at length. AMC spends millions each year complying with US securities law, he argued. Robinhood, however, issues the tokens roughly 3,000 miles offshore in Jersey.
He made the demand explicit.
“I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop,” Adam Aron articulated.
He added that AMC would ask the Securities and Exchange Commission (SEC) how it can support the arrangement.
A $2.8 Million Token Market Against a $2.6 Billion Company
Robinhood’s own disclosures describe the products as tokenized debt securities from Robinhood Assets (Jersey) Limited, an entity the company states is not regulated. Each token is backed one for one by real shares held with a US custody partner.
Scale is where Aron’s complaint meets the data. The main AMC token pool holds about $382,600 in liquidity, according to GeckoTerminal. Roughly 2,000 addresses hold the token, and its market value sits near $2.8 million.
AMC Stock Token Price on Robinhood. Source: Gecko Terminal
Meanwhile, Robinhood Chain launched on July 1 to carry tokenized assets. Meme coin traders have since taken over the network, routing most of its volume.
OpenAI made a similar objection in July 2025, saying Robinhood’s OpenAI tokens were not equity. BeInCrypto reported then that the wallet distributing those tokens had an unusual on-chain history.
No cease-and-desist letter has been published, and the SEC has stayed quiet. For now, a $2.8 million token market has moved a $2.6 billion listed company. Whether the gain survives Friday’s open is the next test.