Tokenized Robinhood shares turned into liquidity for memecoins
๐ Tokenized shares on the Robinhood Chain became part of speculative trading of memecoins. In early September, the daily trading volume in โmemecoin โ share tokenโ pairs reached about $440 million.
๐ฃ๏ธ At the peak moment, the combined market capitalization of popular Stock Tokens was around $69 million, but their price in DeFi pools could significantly deviate from the value of the underlying shares due to liquidity mechanics.
๐ A token tied to Hims & Hers Health was a telling example: its price in one of the pools pulled far away from the value of the actual share. A similar situation happened with Farmmi โ a memecoin linked to the company sparked speculative interest, after which the companyโs shares on Nasdaq surged sharply.
๐ At the same time, Stock Tokens are backed by real shares, but they are not shares themselves and do not grant holders corporate voting rights. The new model effectively combined tokenization of traditional assets with memecoin speculation into a single on-chain market.
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๐ Gen Z gains an advantage in the investment market thanks to an early start
๐ Gen Z in the US begins investing on average at 19โearlier than Millennials, Generation X, and Baby Boomers. When they retire at 65, this gives them about 46 years of investment horizon.
๐ According to Grayscale research head Zack Pandl, an early start allows young investors to handle market volatility more easily and to keep building savings for longer.
๐ This may be especially relevant for digital assets, which are characterized by high volatility. A longer horizon provides more time to recover from drawdowns and can potentially increase the role of such assets in a long-term portfolio.
๐ Other studies also point to Gen Zโs tendency to accumulate: for example, Binance noted that a significant portion of young investors prefer to buy assets rather than actively trade them.
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๐ช๐บ More than 50,000 Europeans call for easing MiCA rules for stablecoins
โ๏ธ More than 50,000 residents of Europe backed an initiative to change MiCA rules so that regulated stablecoins can offer users cashback, loyalty programs, and reduced fees.
๐ Stand With Crypto EU also proposes allowing part of the revenue from reserve assets to be passed on to users and maintaining access to global stablecoins while complying with transparency and reserve requirements.
๐ Currently, MiCA limits payments related to the holding period of ART and EMT. At the same time, there is no direct ban on any cashback or bonus programsโrestrictions depend on the reward mechanism and its economic effect.
๐ The position of European central banks differs: the ESCB supports keeping and expanding limits on stablecoin yield, including indirect schemes through lending, borrowing, and staking.
๐ฆ Thus, when revising MiCA, two positions came into conflict: the industry wants to make stablecoins more attractive to users, while central banks insist on maintaining restrictions due to risks to the financial system.
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๐ฃ๏ธ The share of decentralized platforms for perpetual futures (perp-DEX) increased from 0.11% in January 2023 to 12.33% in September 2026, according to Castle Labs.
๐ The peak came in December 2025 โ 14.25%, and the segmentโs monthly trading volume reached a record $1.36T in October of that year.
โ๏ธ One of the growth drivers was tokenized real-world assets (RWA). In July, their share reached 19.6% of perp-DEX trading volume.
๐ Hyperliquid remains the leader by open interest โ 56.8% of the total. Next are Aster (9.7%), Variational (6.2%), Lighter (5.7%), and edgeX (4.2%).
๐ After Hyperliquid launched, there have already been more than 261 perp-DEXs, reflecting the segmentโs rapid expansion.
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๐ฅ BTC closed Q3 2026 up 42.71% โ the best performance for a third quarter since 2017.
๐ At the same time, the year began with a sharp decline: in Q1, Bitcoin fell 22.2%, and in Q2 it dropped another 14.09%. At the end of September, the price was around $83,700.
๐ During the quarter, US spot BTC ETFs attracted $6.34 billion โ a 2026 high. Most of the volume came in August and September, but inflows slowed by the end of the quarter.
๐ The key resistance zone is currently around $85,000โ85,500. The nearest support levels, according to Glassnode, are $77,200 and $73,300.
๐ Glassnode notes an early stage of the upward move, but with relatively limited market participation. CryptoQuant also pointed to the persistence of the long-term structure as long as the MVRV Z-Score remains above its 365-day average.
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๐ DogeOS has launched the public testnet Chikyลซ โ an EVM-compatible ZK rollup on top of Dogecoin that brings support for smart contracts and DeFi to the network.
๐ The network is designed for roughly 300 TPS versus about 30 TPS for Dogecoin, and block creation time has been reduced to about 3 seconds. Fees are paid in DOGE; no separate gas token is issued.
๐ The testnet already includes liquidity infrastructure, lending, perpetual contracts, options, stablecoins, prediction markets, and launchpads.
๐ At the current stage, security is ensured by the sequencer, validators, and a trusted execution environment. In the future, DogeOS plans to move ZK-proof verification directly into Dogecoin via an OP_CHECKZKP update.
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๐ BAL holders supported the phased shutdown of Balancer โ the proposal was approved with 99.2% of votes, or about 17.2 million BAL.
๐ Until October 30, the protocol will continue operating as usual, after which some pools will be switched to the withdrawal mode. Users will be able to retrieve their assets even after active support ends, since Balancer contracts are non-custodial.
โ๏ธ In May 2027, distribution of the remaining treasury will begin: holders will be able to burn BAL and receive a proportional share of the assets. At the time of the proposal, the treasury was valued at at least $9 million.
๐ The shutdown was attributed to the lack of sustainable revenue. An additional factor was the 2025 hack, after which the protocol lost about $128 million.
๐ At the same time, Abracadabra is voting on a possible shutdown of the lending protocol and the stablecoin MIM. Its obligations are estimated at roughly $21 million, with available collateral of about $900,000.
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๐บ๐ธ In the US, prediction markets will be tested for insider trading
๐ The U.S. House Oversight Committee has expanded its investigation into possible insider trading in prediction markets. Requests for disclosure of internal information were sent to Crypto.com, Hyperliquid, and PredictIt.
๐ The committee demanded data on mechanisms for detecting suspicious activity, identifying users, and platform interactions with regulators and law enforcement agencies.
โ๏ธ Separately, they will review a large short position on Hyperliquid opened before the U.S. announcement of new tariffs. PredictIt must provide data on officialsโ election betting, personnel appointments, and government decisions.
๐ The investigation began back in May with requests to Kalshi and Polymarket. Now authorities want to assess the scale of use of non-public information and possible measures against such practices.
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Democrats in the U.S. Senate tied USDT to Iranโs shadow banking system
๐ The Democratic minority of the Permanent Subcommittee on Investigations in the U.S. Senate said that USDT has become one of the key tools of Iranโs shadow financial system.
๐ As part of the investigation, they examined 846 crypto wallets previously linked by authorities to Iran and regional groups. According to the reportโs authors, 84% of the addresses used USDT predominantly or exclusively.
๐ Investigators also identified hundreds of millions of dollars in USDT on addresses connected to Iranian entities and intermediaries. In one of the episodes, through such a network, they estimate that $603 million passed between 2021 and 2025.
๐ Senator Richard Blumenthal urged the U.S. Treasury to check Tether for potential violations of AML and sanctions requirements. At the same time, the report itself does not claim that Tether broke the law.
๐ Tether rejected the allegations and said that in 2026 the company helped authorities freeze around $550 million worth of USDT associated with Iranian networks.
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ES shifted MiCAโs focus to supervision of crypto companies
๐ In her address, ESMA chapter chair Verena Ross said that implementation of MiCA is moving from drafting rules to monitoring compliance with them and standardizing supervisory practices across EU countries.
๐ฃ๏ธ The 2027 priorities include supervision of CASPs, firmsโ operational resilience, outsourcing, liquidity, classification of crypto-assets, and the consistent application of requirements.
๐ ESMA will also strengthen oversight of the use of the reverse solicitation mechanism. Foreign firms will be able to serve EU clients without a MiCA license only in cases where the client initiated the request themselves. Actively attracting European users through advertising and promotion does not fall under this exception.
โ๏ธ In 2027, the first phase of the unified MiCA monitoring system should be operational, allowing EU national regulators to use it. In parallel, ESMA will continue checks on crypto companiesโ operational resilience and compliance with requirements related to market abuse.
๐ At the same time, European regulators are already discussing further expansion of MiCAโspecifically, bringing crypto lending and borrowing under regulation.
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