CoinPhoton

Robinhood Chain has overtaken Solana in 24-hour DEX trading volume, according to the latest data shown.
Robinhood Chain recorded about $1.89 billion in DEX volume over the past 24 hours, narrowly surpassing Solana at $1.882 billion.
Ethereum ranked third with roughly $1.60 billion, followed by BNB Chain at about $1.46 billion.
The flip highlights the rapid rise in onchain trading activity on Robinhood Chain, which has recently emerged as one of the most active networks by decentralized exchange volume.

Pineapple Financial has moved more than $1 billion worth of residential mortgage records onto Injective, as the company expands its effort to bring its historical loan portfolio onchain.
The migration currently covers 2,079 mortgage records, up from 1,259 when the project launched in December 2025. Pineapple ultimately plans to move more than 29,000 funded mortgages worth over $10 billion onto Injective.
Each mortgage is represented by an onchain record linked to the original loan file, containing more than 500 data points for verification, auditing and risk analysis. The associated PAPL0 token tracks the records but does not represent ownership of the underlying mortgages.
PAPL0 currently has a market capitalization of about $1.1 billion, up 48.2% over the past nine months. Pineapple also maintains a separate $100 million INJ treasury, with part of its holdings staked on the Injective network.

According to CoinGecko data shown in the image, crypto markets saw several tokens post sharp gains over the past 24 hours, led by BULLA (BULLA), which surged 215.5% to about $0.08459, with more than $16 million in trading volume.
Other major gainers included Cofinex (CNX), up 162.2%, PAIR up 98.1%, ubik (UBIK) up 91.7%, and STONK up 90.9%. Memory cow Moo (MOO) gained 73.2%, while pipedog (PIPEDOG) rose 60.9%.
Among tokens with heavier trading activity, Akedo (AKE) climbed 42.2% with roughly $126.7 million in volume, while Niu Lai gained 41.3% on more than $41 million in volume.
Notably, Arbitrum (ARB) was the largest-cap token among the top gainers shown, jumping 38.6% in 24 hours to around $0.1797, with trading volume exceeding $506 million. $ARB

The value of UNI burned on September 4 exceeded $1 million in a single day for the first time, reaching about $1.15 million as trading activity on Robinhood Chain surged.
According to Wu Blockchain Data Center, a total of 184,000 UNI was burned that day, the second-highest daily amount on record. Robinhood Chain alone accounted for about 150,000 UNI, representing more than 81% of the total burned.
On the same day, daily DEX trading volume on Robinhood Chain surpassed $3 billion for the first time, with Uniswap accounting for as much as 98% of the total. The surge in trading activity on Robinhood Chain was the main driver behind the sharp increase in UNI burns.
$UNI
has gained more than 70% over the past month.

Bloomberg ETF analyst James Seyffart’s 13F data shows that, as of June 30, 30 known institutions held about $74.9 million in exposure to three Hyperliquid ETFs, equivalent to roughly 1.15 million HYPE.
Wealth High Governance Asset Management ranked first with $23.95 million in exposure, followed by OLP Capital Management with $10.50 million, UBS with $7.53 million, Bank of Montreal with $6.69 million, and Jane Street with $4.38 million.
The top five holders accounted for about $53.0 million, or 70.84% of the total disclosed institutional exposure.

US-listed spot Bitcoin ETFs recorded their strongest three-week inflow streak of 2026, attracting a combined $3.8 billion as Bitcoin traded near $80,000.
The funds drew $986.9 million in the latest week, including $174.6 million on Friday. BlackRock’s IBIT accounted for $117.4 million of Friday’s inflows, while Fidelity’s FBTC added $57.2 million.
Total assets held by US spot Bitcoin ETFs stood at $101.3 billion, with cumulative net inflows reaching $55.6 billion. Despite the recent rebound, year-to-date net flows remain about $1 billion negative.
Bitcoin ETF demand also strengthened relative to other crypto funds. Weekly inflows into spot Ether ETFs fell 74% to $218.4 million, while XRP ETF inflows dropped 83% to $19 million. $BTC

Polish lawmakers have again failed to overturn President Karol Nawrocki’s veto of legislation aimed at tightening oversight of the country’s crypto market.
The Sejm voted 241-198 on Friday to override the veto, with three abstentions, falling 25 votes short of the required three-fifths majority of 266.
The bill would have established Poland’s framework for implementing the EU’s MiCA rules and placed crypto supervision under the Polish Financial Supervision Authority (KNF). Poland therefore remains without a designated national crypto supervisor despite MiCA already applying across the EU.
Nawrocki, who has vetoed crypto legislation three times, says he supports regulation but argues the proposed rules are too restrictive and costly, including broad powers to block websites.
The dispute has intensified amid an expanding investigation into collapsed exchange Zondacrypto. Prosecutors are examining suspected fraud and money laundering, with estimated losses of at least 350 million zlotys ($95 million). Zondacrypto operator BB Trade Estonia was declared bankrupt by an Estonian court in August.

OpenAI says Astra can autonomously discover zero-day flaws and build working exploits
OpenAI says its upcoming Astra model has crossed a major cybersecurity threshold, becoming the first model the company has classified as having “Critical” cyber capabilities under its Preparedness Framework.
To reach that level, a model must be able to discover previously unknown software vulnerabilities, develop working exploits against hardened real-world systems without step-by-step human guidance, or carry out attacks from only high-level objectives.
In testing, Astra:
Scored 100% on a benchmark for developing exploits from known vulnerabilities
Discovered two previously unknown flaws while building an exploit chain
Escaped a hardened browser sandbox and executed commands on the host system
Combined multiple operating-system vulnerabilities to obtain root access
OpenAI said Astra also performed better than GPT-5.6 Sol on a test designed to detect prohibited shortcuts on extremely difficult or impossible hacking tasks. Astra avoided those shortcuts while still legitimately solving some of the challenges.
Because of the risks, OpenAI has delayed parts of Astra’s development while adding safeguards and plans to initially restrict its most advanced cybersecurity capabilities to selected testers.
The development is especially significant for crypto, where exploitable software vulnerabilities can quickly translate into direct financial losses. More capable AI systems could compress vulnerability discovery and exploit development from days or weeks into machine-speed operations.

XRP Ledger sees fewer active accounts, but much heavier trading per account
XRP Ledger activity became increasingly concentrated in the second quarter, with fewer accounts trading but significantly more XRP moving through each active account.
Order-book trading averaged 3.57 million XRP per day in Q2, up 79% from a year earlier. At the same time, the number of accounts initiating those trades fell to about 1,100 per day from more than 1,860.
That pushed average trading activity to roughly 3,200 XRP per account per day, almost three times the approximately 1,070 XRP recorded a year earlier.
The number of assets XRP traded against also fell to around 319 per day from 480, while order-book trading increased its share of XRP Ledger DEX volume to 81% from 54%.
Total DEX volume averaged 4.42 million XRP per day, up about 20% year over year but down 16% from Q1 2026.
At the same time, the value of tokenized assets on XRP Ledger surged. Tokenized assets averaged $3.72 billion during the quarter, more than double Q1 and over 30 times higher than a year earlier. Including an average $539 million in RLUSD, total value held on the network reached about $4.26 billion, compared with just $99 million six quarters earlier.
RLUSD was a major driver of that growth. Average RLUSD supply on XRP Ledger rose more than 600% year over year to $539 million, while transferred value increased more than ninefold.
However, broader user activity declined. Daily transacting accounts fell 24% year over year to about 16,600, while new accounts dropped roughly 25% to 2,800 per day.
The data points to an XRP Ledger ecosystem handling more value through a smaller group of active accounts, alongside growing institutional infrastructure, tokenized assets and stablecoin activity. $XRP

Grayscale: Tokenized equity weekly spot volume nears $3 billion, but only 5% is used in onchain finance
Grayscale said tokenized equity trading hit record levels in August, with weekly spot volume peaking near $3 billion.
Robinhood Chain, BNB Chain and Solana accounted for most of the trading activity.
Despite rapid growth in trading, only around 5% of the tokenized equity market is currently being used in onchain financial applications such as lending, collateral and other DeFi use cases.
Grayscale noted that the use of tokenized equities in lending protocols including Kamino and Jupiter has increased roughly tenfold over the past year, but overall adoption in onchain finance remains limited.
The firm said greater regulatory clarity in the United States could help tokenized stocks evolve from globally traded, 24/7 investment products into more productive onchain financial assets.

Trezor says another 67,000 US customers were affected by ShipMonk data breach
Hardware wallet maker Trezor said approximately 67,000 additional US customers were affected by a data breach at shipping provider ShipMonk, substantially expanding the scope of an incident first disclosed in August.
ShipMonk informed Trezor on Sept. 2 that the breach included order data from customers who placed orders between November 2019 and August 2021.
The newly identified records include:
Names
Email addresses
Phone numbers
Shipping addresses
Order numbers
Trezor said it had repeatedly asked ShipMonk to delete the data and had received written assurances that the information had been removed in accordance with contractual and data-retention requirements.
The company stressed that Trezor’s own systems were not compromised and that its hardware wallets remain secure. All newly affected customers have been notified.
Trezor warned users to remain alert for phishing emails, fraudulent phone calls, physical scam letters and potential security risks associated with exposed home addresses.
The incident follows Trezor’s initial disclosure on Aug. 13, when it said nearly 14,000 customers had been affected. The updated disclosure brings the known total to more than 80,000 customers.
The breach highlights the particular risks facing hardware wallet users when personal and shipping information is exposed, as leaked home addresses can create both digital and physical security threats.

Zcash breaks above $1,000 as Grayscale ETF inflows accelerate
Zcash’s ZEC token climbed above $1,000 for the first time outside the highly volatile days surrounding its 2016 exchange debut, supported by strong ETF inflows and rising mining activity.
ZEC traded as high as $1,023 on Friday, bringing its monthly gain to roughly 94% and lifting its market capitalization toward $17 billion. The token was trading near $200 in March.
The rally follows the Aug. 25 launch of Grayscale’s Zcash ETF, which trades on NYSE Arca under the ticker ZCSH. The fund is the first US ETF offering direct exposure to ZEC.
Since launch, ZCSH has recorded at least $34.4 million in net inflows, with Sept. 2 marking its strongest day at $12.6 million. The true total may be slightly higher because data for Sept. 3 and 4 appears incomplete.
Interest has also spread to Zcash mining. Network computing power rose from around 25 GSol/s in late August to briefly above 30 GSol/s.
However, the additional competition is putting pressure on miner profitability. A Bitmain Antminer Z15 Pro is estimated to generate about $708 in gross revenue per MWh of electricity, around 3% below the $727 per MWh recorded on Aug. 24 despite ZEC’s higher price. $ZEC

Hyperliquid could enter the US through regulated partners without opening its existing DEX to American users
President Donald Trump has said the CFTC will work to bring Hyperliquid into the United States “in a fully compliant and legal fashion,” but the likely structure may look very different from Hyperliquid’s current permissionless venue.
Kraken parent Payward is working with the CFTC on a plan that could give registered US users access to selected crypto perpetual futures linked to Hyperliquid markets through Bitnomial, a CFTC-regulated platform.
Under such a model, Hyperliquid could provide technology, liquidity or market design while a separate US-facing platform handles KYC, sanctions screening, customer protections and regulatory responsibility.
US users would likely face:
Fewer available markets
Lower leverage
Stricter risk controls
Full KYC and compliance requirements
The SEC and CFTC may both need to revise or clarify rules around custody, routing and perpetual contracts. Former SEC counsel Ashley Ebersole said those changes could still take up to a year, although partnerships with Kraken and Bitnomial could significantly accelerate Hyperliquid’s US roadmap.
The CFTC has already opened the door to regulated crypto perpetual futures, while Coinbase is seeking SEC approval for 24/7 equity perpetuals.
A successful Hyperliquid US launch could also increase pressure on traditional financial markets to move further toward 24/7 trading.
However, the push is facing opposition. CME CEO Terrence Duffy has warned that crypto perpetuals could create systemic risks and has sued the CFTC over its approval of such products.
The broader question is whether US regulators can create a compliant framework for perpetual markets without forcing Hyperliquid’s entire global platform into the traditional financial system. $HYPE

Bitcoin falls after US jobs report crushes expectations
Bitcoin slipped after the US economy added 162,000 jobs in August, nearly triple economists’ consensus estimate of 56,000, prompting traders to reassess the Federal Reserve’s next rate decision.
BTC fell from around $81,300 to a local low near $78,600 following the report before recovering to roughly $79,500.
The stronger-than-expected labor market data added uncertainty ahead of the Sept. 15-16 FOMC meeting. Prediction markets moved back toward an even split on the Fed’s next move after previously leaning toward a pause.
President Donald Trump renewed calls for lower interest rates following the jobs report, arguing that high borrowing costs are putting the US at a competitive disadvantage.
Separately, a Blake2b-based Bitcoin fork stemming from the BIP-110 dispute has begun trading on Neoxa. The forked asset was changing hands around $350 against USDC, although liquidity remains thin.
The fork emerged after BIP-110 supporters, led by LukeDashjr, changed the proof-of-work algorithm from SHA-256 to Blake2b in an effort to encourage a more decentralized mining ecosystem. $BTC

QuFi launches post-quantum verification platform for digital assets
QuFi Network has launched a new platform designed to protect digital asset transactions from future quantum computing threats without requiring changes to existing blockchain settlement networks.
The system separates verification from settlement. A decentralized network of nodes validates transactions using post-quantum cryptography before they are ultimately settled on existing blockchains.
QuFi also introduced uBTC, a proof-of-concept currently running on Bitcoin Testnet4. The system verifies BTC collateral and generates cryptographic proofs governing how value moves between settlement environments, while redemptions still settle as standard Bitcoin transactions.
The platform uses three post-quantum standards:
ML-DSA-65
SLH-DSA
ML-KEM-1024
QuFi says this external verification model is designed to avoid the storage, bandwidth and computing overhead that could come from integrating larger post-quantum signatures directly into individual blockchains.
The launch comes as the crypto industry accelerates preparations for quantum threats. StarkWare recently tested a quantum-resistant Bitcoin transaction on mainnet, while banks and regulators have begun piloting post-quantum wallets and onchain transfers. Bitcoin developers are also exploring SHRINCS, an experimental post-quantum signature scheme aimed at reducing signature size and performance costs.
The broader challenge remains balancing quantum resistance with usability, security and network efficiency.

US and UK launch joint alliance to dismantle crypto scam centers
The United States and United Kingdom have formed a new law enforcement alliance targeting scam centers involved in crypto investment fraud and other cyber-enabled schemes.
The US Attorney’s Office for the District of Columbia, the Crown Prosecution Service of England and Wales, and the UK National Crime Agency signed a memorandum of understanding that the US Department of Justice described as a first-of-its-kind international cooperation agreement.
Under the pact, authorities will:
Conduct parallel investigations into shared targets
Exchange intelligence on organized crime networks
Coordinate which jurisdictions should prosecute specific cases
Work with private-sector partners on disruption operations
US and UK authorities have already identified overlapping investigations and are planning an in-person disruption operation in London in early October.
The agreement expands the Scam Center Strike Force, launched in November 2025 to target organized crime networks operating scam compounds, particularly in Southeast Asia. These operations are frequently linked to crypto investment fraud, money laundering and human trafficking.
The crackdown comes as reported US losses from crypto investment fraud continue to rise. Losses reported to the FBI reached $8.65 billion in 2025, up 89% from $4.57 billion in 2023.
International enforcement has also intensified. In April, a Dubai-led operation involving the FBI and China’s Ministry of Public Security resulted in 276 arrests and the shutdown of at least nine crypto scam centers.

Crypto projects have spent about $640 million buying back their own tokens in 2026 — but buybacks do not guarantee lasting value
Token buybacks have become one of crypto’s biggest tokenomics trends, with projects spending roughly $640 million so far in 2026, up about 17% from the same period last year. Hyperliquid and Pump.fun account for nearly 90% of that spending.
The logic is simple: protocols use revenue to buy tokens from the open market, creating demand and, when those tokens are burned, reducing supply. This can tie token value more closely to protocol revenue and adoption.
Hyperliquid reportedly directs 99% of its revenue toward buying back and burning $HYPE
, while Pump.fun allocates 50% of revenue to PUMP buybacks and burns. More than $446 million worth of PUMP has already been removed from circulation.
However, buybacks come with an opportunity cost. Capital used to support token prices cannot simultaneously be spent on developers, product expansion, acquisitions or strengthening the protocol’s balance sheet.
And buybacks do not necessarily mean higher prices. $PUMP
remains around 50% below its September 2025 all-time high despite aggressive buybacks, while $UNI
I has given back roughly half of the gains following Uniswap’s UNIfication proposal.
The key distinction for investors is whether buybacks are funded by genuine, sustainable protocol profits or are simply being used to manufacture demand.
A buyback can strengthen the economics of a healthy protocol, but it cannot fix an unsustainable business model.
The most important question may be: if the buybacks stopped tomorrow, would there still be a compelling reason to hold the token?

Robinhood CEO backs $104 million tokenized stock market despite AMC backlash
Robinhood CEO Vlad Tenev has publicly defended the company’s tokenized stock initiative on Robinhood Chain, pushing back against criticism from AMC and other traditional companies.
The dispute intensified after AMC CEO Adam Aron criticized the tokenization of company shares without issuer consent. Robinhood Chief Legal Officer Dan Gallagher rejected AMC’s cease-and-desist demands and maintained that the products comply with US securities law.
Tokenized real-world assets on Robinhood Chain have now reached about $104.4 million in market capitalization, led by SPY at $14 million, $NVDAB
at $13.9 million and $SPACE
CEX at $6.4 million.
The products are structured as debt obligations backed 1:1 by underlying shares and pass through dividends, but token holders do not receive voting rights. They are available in more than 120 countries, excluding the United States.
Robinhood says it remains committed to building global, 24/7 infrastructure for programmable financial assets. $HOODB

Former RBI Governor Raghuram Rajan to headline Ripple Swell 2026
Raghuram Rajan, former governor of the Reserve Bank of India, will headline the opening of Ripple’s Swell 2026 conference in New York.
The event will run from Oct. 27-29 at The Shed and will combine Swell with XRPL Apex for the first time. Ripple expects more than 1,500 attendees, 75+ speakers and over 50 sessions across banking, payments, capital markets, digital assets and the XRP Ledger ecosystem.
Other featured speakers include Ripple CEO Brad Garlinghouse, President Monica Long, David Schwartz, Bullish CEO Tom Farley, Robinhood crypto chief Johann Kerbrat and representatives from BNY, Tradeweb and Intercontinental Exchange.
Rajan is currently a finance professor at the University of Chicago Booth School of Business. $XRP

IMF says El Salvador’s post-June 2025 Bitcoin additions came from private donations
The IMF says El Salvador did not use public funds to accumulate additional Bitcoin after the first review of its financing program in June 2025.
According to documents provided by Salvadoran authorities, the increase in the country’s $BTC
holdings came from private donations rather than government-funded purchases.
The clarification follows questions raised after El Salvador announced in November 2025 that it had acquired 1,090 BTC worth about $100 million, despite commitments under its $1.4 billion IMF program to limit public-sector involvement in Bitcoin.
The IMF also said majority ownership and operational control of the Chivo wallet have been transferred to a private operator, with the government retaining only a minority stake and custodial responsibilities.
El Salvador currently holds about 7,764 BTC, worth roughly $628 million at a Bitcoin price of around $80,900.