$2.7 million poured into Robinhood Chain apps in one day, but it barely touches corporate revenue

Robinhood Chain revenue from applications totaled between $2.66 million and $2.82 million over a rolling 24-hour window early on Sept. 1, creating an eye-catching measure of network activity with no disclosed bridge to Robinhood’s corporate accounts. DefiLlama tracks application revenue, chain revenue and chain fees as separate layers. Its dashboard showed $963,612 of chain revenue […]

US Operation Economic Outcast Targets Global Financial Lifelines

Operation Economic Outcast is preparing to expand its banking offensive, with Treasury Secretary Scott Bessent saying the U.S. plans to sanction another bank. The planned action follows FinCEN’s proposal targeting Banque Misr UAE. How Treasury Uses Dollar Access as Leverage Operation Economic Outcast is preparing to expand its pressure on foreign financial institutions. Bessent told […]

Trump Jr. Now Profits From Both Sides of the US Kalshi, Polymarket Rivalry

Donald Trump Jr. is deepening his ties to Polymarket through a new $300 million investment from 1789 Capital, his venture firm. He also holds a paid advisory role, and equity, at rival Kalshi, giving him a stake in whichever platform wins. 1789 Capital is contributing $300 million to Polymarket’s $1 billion round, valuing the platform […]

MoonPay Launches PayBox Tool For Crypto Payments Inside Grok AI Chats

MoonPay has launched PayBox, a payment tool designed to let crypto transactions happen directly inside Grok AI chatbot workflows. It is a neat little glimpse of where consumer crypto may be heading. Not another standalone wallet app. Not another checkout page buried three clicks away. The idea is much simpler: let users move from chat […]

Bitcoin and Ethereum Research Reveals Control Thresholds

A new report by ARK Invest and Glassnode highlights key insights about Bitcoin and Ethereum’s decentralization. The findings reveal that each cryptocurrency requires just three entities to reach critical control thresholds, raising questions about governance and influence in blockchain networks. This analysis is significant as it could reshape perceptions of decentralization in major cryptocurrencies and […]

US Treasury’s GENIUS Act Could Reshape Foreign Stablecoin Market

The European Central Bank (ECB) has proposed integrating blockchain technology into its digital euro initiative, a move that could significantly impact stablecoins in Europe. This development, alongside Sberbank’s plan to accept ether and USDT as collateral for loans, signals a shift in the regulatory landscape for digital assets. This week’s events highlight a growing focus […]

Pantera’s Dan Morehead Calls Bessent’s Bond Buyback a ‘Bluff’ That Backfired

Pantera Capital founder Dan Morehead calls the US Treasury’s expanded bond buyback plan a bluff that backfired. He ties Bitcoin’s 26% August rally directly to it. Speaking on Bloomberg Crypto, Morehead argued investors saw through Treasury Secretary Scott Bessent’s move almost immediately. The Buyback That Backfired On August 19, Bessent doubled the Treasury’s bond buybacks […]

Ethereum Foundation Hosts Live Discussion on Privacy

The Ethereum Foundation is set to host a live discussion featuring Web3Privacy on September 2 at 2 PM UTC. This event will explore significant initiatives aimed at enhancing privacy in the blockchain ecosystem. With privacy concerns gaining traction, this discussion could pave the way for new standards in user privacy across decentralized applications. For more […]