TradeXYZ Q2 Trading Volume Rises 79.2% to $202.36 Billion, Equity Perpetual Volume Jumps 377%
According to the Hyperliquid Research Collective’s Q2 2026 report, TradeXYZ’s total trading volume rose 79.2% quarter-on-quarter to $202.36 billion. Its share of HIP-3 trading volume increased from 84.5% to 95.1% during the quarter, while several competing platforms, including Felix, Ventuals and Dreamcash, shut down. Equity perpetuals were TradeXYZ’s fastest-growing segment, with Q2 trading volume surging 377% quarter-on-quarter to $58.9 billion. — link
According to the Hyperliquid Research Collective’s Q2 2026 report, TradeXYZ’s total trading volume rose 79.2% quarter-on-quarter to $202.36 billion. Its share of HIP-3 trading volume increased from 84.5% to 95.1% during the quarter, while several competing platforms, including Felix, Ventuals and Dreamcash, shut down. Equity perpetuals were TradeXYZ’s fastest-growing segment, with Q2 trading volume surging 377% quarter-on-quarter to $58.9 billion. — link
Bank of America, Citi and Goldman Sachs Join 21-Firm Group to Launch USD Stablecoin
Twenty-one major financial institutions, including Bank of America, Citi, Goldman Sachs, Deutsche Bank, UBS, Fidelity Investments, Wells Fargo and MUFG, have committed to establish a new company in the second half of 2026 to support the issuance of stablecoins. The group plans to launch a USD-denominated stablecoin in the first half of 2027, with additional G7 currencies to follow and the euro as a priority. The stablecoin is intended for wholesale, institutional and retail use cases including cross-border payments and digital asset settlement, and is expected to comply with the U.S. GENIUS Act and EU MiCA where applicable. — link
Twenty-one major financial institutions, including Bank of America, Citi, Goldman Sachs, Deutsche Bank, UBS, Fidelity Investments, Wells Fargo and MUFG, have committed to establish a new company in the second half of 2026 to support the issuance of stablecoins. The group plans to launch a USD-denominated stablecoin in the first half of 2027, with additional G7 currencies to follow and the euro as a priority. The stablecoin is intended for wholesale, institutional and retail use cases including cross-border payments and digital asset settlement, and is expected to comply with the U.S. GENIUS Act and EU MiCA where applicable. — link
X Users Report Unsolicited Password Reset Emails, No Confirmed System Breach
News Multiple X users reported receiving password reset emails on September 1 that they did not initiate, with some suspecting that attackers may be mass-triggering the reset process using public usernames. There is currently no evidence of a breach of X’s systems or confirmed large-scale account takeovers. X’s official help page recommends enabling Password Reset Protection and two-factor authentication (2FA), and avoiding links in suspicious emails.
X product engineering team member Mridul Singhai said attackers appear to believe that the broader rollout of X Money creates opportunities to gain unauthorized access to user accounts. X is actively investigating the issue and has so far found no evidence of any account breaches. Singhai also apologized for the multiple emails sent to users while the company works to resolve the matter. — link
News Multiple X users reported receiving password reset emails on September 1 that they did not initiate, with some suspecting that attackers may be mass-triggering the reset process using public usernames. There is currently no evidence of a breach of X’s systems or confirmed large-scale account takeovers. X’s official help page recommends enabling Password Reset Protection and two-factor authentication (2FA), and avoiding links in suspicious emails.
X product engineering team member Mridul Singhai said attackers appear to believe that the broader rollout of X Money creates opportunities to gain unauthorized access to user accounts. X is actively investigating the issue and has so far found no evidence of any account breaches. Singhai also apologized for the multiple emails sent to users while the company works to resolve the matter. — link
Binance: Phishing SMS Targeting Crypto Users Has Increased Recently; Beware of Fake Security Alerts and Verification Links
Binance said phishing text messages targeting crypto users have increased recently, with attackers posing as security alerts and using shortened links to trick users into clicking and potentially compromising their accounts. Binance said it will never ask users via SMS to click a link to verify or secure an account, and recommended using Binance Verify to confirm official communications, enabling withdrawal address whitelisting and an anti-phishing code, and contacting Binance Support through the official app immediately if a suspicious link has already been opened. — link
Binance said phishing text messages targeting crypto users have increased recently, with attackers posing as security alerts and using shortened links to trick users into clicking and potentially compromising their accounts. Binance said it will never ask users via SMS to click a link to verify or secure an account, and recommended using Binance Verify to confirm official communications, enabling withdrawal address whitelisting and an anti-phishing code, and contacting Binance Support through the official app immediately if a suspicious link has already been opened. — link
Hyperliquid Strategies Expands Equity Financing Facility to $2.5 Billion, May Use Proceeds to Buy HYPE
Hyperliquid Strategies (NASDAQ: PURR) has increased the aggregate capacity of its ChEF equity financing facility from $1.0 billion to $2.5 billion. The company may raise funds as needed by issuing newly issued common shares to Chardan Capital Markets, with proceeds intended for general corporate purposes, including potential purchases of HYPE. After aggregate share sales under the facility reach $1.0 billion, any additional shares issued at less than $12.02 per share are generally subject to a cap of 42,641,847 shares, equal to 19.99% of the company’s shares outstanding immediately before the amendment, unless shareholder approval is obtained or otherwise not required under Nasdaq rules. — link
Hyperliquid Strategies (NASDAQ: PURR) has increased the aggregate capacity of its ChEF equity financing facility from $1.0 billion to $2.5 billion. The company may raise funds as needed by issuing newly issued common shares to Chardan Capital Markets, with proceeds intended for general corporate purposes, including potential purchases of HYPE. After aggregate share sales under the facility reach $1.0 billion, any additional shares issued at less than $12.02 per share are generally subject to a cap of 42,641,847 shares, equal to 19.99% of the company’s shares outstanding immediately before the amendment, unless shareholder approval is obtained or otherwise not required under Nasdaq rules. — link
Hyperliquid Strategies Expands Equity Financing Facility to $2.5 Billion, May Use Proceeds to Buy HYPE
Hyperliquid Strategies (NASDAQ: PURR) has increased the aggregate capacity of its ChEF equity financing facility from $1.0 billion to $2.5 billion. The company may raise funds as needed by issuing newly issued common shares to Chardan Capital Markets, with proceeds intended for general corporate purposes, including potential purchases of HYPE. After aggregate share sales under the facility reach $1.0 billion, any additional shares issued at less than $12.02 per share are generally subject to a cap of 42,641,847 shares, equal to 19.99% of the company’s shares outstanding immediately before the amendment, unless shareholder approval is obtained or otherwise not required under Nasdaq rules. — link
Hyperliquid Strategies (NASDAQ: PURR) has increased the aggregate capacity of its ChEF equity financing facility from $1.0 billion to $2.5 billion. The company may raise funds as needed by issuing newly issued common shares to Chardan Capital Markets, with proceeds intended for general corporate purposes, including potential purchases of HYPE. After aggregate share sales under the facility reach $1.0 billion, any additional shares issued at less than $12.02 per share are generally subject to a cap of 42,641,847 shares, equal to 19.99% of the company’s shares outstanding immediately before the amendment, unless shareholder approval is obtained or otherwise not required under Nasdaq rules. — link
The Block: Robinhood and Fomo Users Can Buy Meme Coins With Credit Cards Without KYC; JPMorgan Asks Visa to Investigate
According to an investigation by The Block, users of Robinhood Wallet and social trading app Fomo can purchase Meme coins such as WIF directly through Crossmint using Visa and Mastercard credit cards, as well as Apple Pay and Google Pay, without completing separate KYC. The Block’s tests found that the transactions were classified as “digital goods/media” rather than crypto transactions, a category typically required by credit card networks, allowing users to continue earning standard credit card points or cash back. Chase, JPMorgan’s banking arm, said it believes the Visa transactions were incorrectly classified and should not qualify for credit card rewards, and has asked Visa to investigate. The New York Attorney General’s Office also said it is reviewing the matter. — link
According to an investigation by The Block, users of Robinhood Wallet and social trading app Fomo can purchase Meme coins such as WIF directly through Crossmint using Visa and Mastercard credit cards, as well as Apple Pay and Google Pay, without completing separate KYC. The Block’s tests found that the transactions were classified as “digital goods/media” rather than crypto transactions, a category typically required by credit card networks, allowing users to continue earning standard credit card points or cash back. Chase, JPMorgan’s banking arm, said it believes the Visa transactions were incorrectly classified and should not qualify for credit card rewards, and has asked Visa to investigate. The New York Attorney General’s Office also said it is reviewing the matter. — link
Coinbase Co-Founder Seeks Fields in Venezuela Oil Shakeup
According to Bloomberg, Coinbase co-founder Fred Ehrsam is seeking control of at least three Venezuelan oil fields as Washington reshapes the nation's energy industry and considers replacing Maduro-era operators with Trump-aligned investors. The targeted fields, located in the Boca, Guico, and Guara blocks of Venezuela’s Orinoco Belt, are currently operated by Alvorada Heavy Industries Ltda under contracts US officials are reviewing for potential revocation. Ehrsam has reportedly been exploring cross-sector opportunities in oil, natural gas, fintech, and digital payments through his investment firm Primavera, having made multiple visits to Caracas to meet with US officials. — link
According to Bloomberg, Coinbase co-founder Fred Ehrsam is seeking control of at least three Venezuelan oil fields as Washington reshapes the nation's energy industry and considers replacing Maduro-era operators with Trump-aligned investors. The targeted fields, located in the Boca, Guico, and Guara blocks of Venezuela’s Orinoco Belt, are currently operated by Alvorada Heavy Industries Ltda under contracts US officials are reviewing for potential revocation. Ehrsam has reportedly been exploring cross-sector opportunities in oil, natural gas, fintech, and digital payments through his investment firm Primavera, having made multiple visits to Caracas to meet with US officials. — link
ARK Invest and Glassnode Joint Report: Bitcoin and Ethereum Need Just 3 Entities to Reach Key Control Thresholds
ARK Invest and Glassnode jointly released a research report on blockchain decentralization. The report found that, in terms of key control thresholds affecting block production, Bitcoin and Ethereum each require just 3 entities to reach the critical threshold, while Solana requires 19. However, mining pool and staking delegation structures mean this metric cannot be directly equated with actual control. In terms of infrastructure, Bitcoin has the most balanced geographic distribution of nodes, with about 63% of nodes running through Tor; Ethereum has a higher reliance on cloud service providers, with about 20% of nodes hosted by AWS; Solana’s infrastructure is largely operated in data centers. — link
ARK Invest and Glassnode jointly released a research report on blockchain decentralization. The report found that, in terms of key control thresholds affecting block production, Bitcoin and Ethereum each require just 3 entities to reach the critical threshold, while Solana requires 19. However, mining pool and staking delegation structures mean this metric cannot be directly equated with actual control. In terms of infrastructure, Bitcoin has the most balanced geographic distribution of nodes, with about 63% of nodes running through Tor; Ethereum has a higher reliance on cloud service providers, with about 20% of nodes hosted by AWS; Solana’s infrastructure is largely operated in data centers. — link
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Two Thai Businessmen Sue Tether for Allegedly Illegally Freezing $42.4M USDT at US Request and Transferring Funds to Government Wallet
According to attorney Ariel Givner, two Thai businessmen filed a lawsuit against Tether in the US District Court for the Southern District of New York over ~$42.4 million in frozen USDT. The plaintiffs allege Tether froze their wallets in October 2025 based merely on an informal request from Homeland Security Investigations (HSI) without a warrant or court order.
A seizure warrant was only issued by the Eastern District of North Carolina in February 2026 directing the burn and reissue of the tokens to a government wallet. The funds are allegedly tied to a $61M "pig butchering" laundering case. While not disputing the underlying criminal allegations, the suit challenges Tether authority to freeze assets without prior court orders and questions whether the subsequent warrant authorized burning and reissuing the USDT. — link
According to attorney Ariel Givner, two Thai businessmen filed a lawsuit against Tether in the US District Court for the Southern District of New York over ~$42.4 million in frozen USDT. The plaintiffs allege Tether froze their wallets in October 2025 based merely on an informal request from Homeland Security Investigations (HSI) without a warrant or court order.
A seizure warrant was only issued by the Eastern District of North Carolina in February 2026 directing the burn and reissue of the tokens to a government wallet. The funds are allegedly tied to a $61M "pig butchering" laundering case. While not disputing the underlying criminal allegations, the suit challenges Tether authority to freeze assets without prior court orders and questions whether the subsequent warrant authorized burning and reissuing the USDT. — link
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Tokens Worth Over $1.535B Face Major Unlocks Over the Next Month
According to Tokenomist, one-time unlocks exceeding $10 million over the next month include HYPE, XPL, ENA, ZRO, H, CARDS, and ARB. Linear unlocks exceeding $10 million per month include RAIN, SOL, CC, TRUMP, ZEC, ASTER, WLD, MORPHO, PUMP, TAO, AVAX, and NEAR. The total unlock value is expected to exceed $1.535 billion. — link
According to Tokenomist, one-time unlocks exceeding $10 million over the next month include HYPE, XPL, ENA, ZRO, H, CARDS, and ARB. Linear unlocks exceeding $10 million per month include RAIN, SOL, CC, TRUMP, ZEC, ASTER, WLD, MORPHO, PUMP, TAO, AVAX, and NEAR. The total unlock value is expected to exceed $1.535 billion. — link
OKX Releases 46th Proof of Reserves
OKX has released its 46th Proof of Reserves (snapshot date: August 11). User BTC holdings stood at approximately 134,000 BTC, up 4.52% or 5,810 BTC compared to the previous snapshot (July 7); user ETH holdings were approximately 1.725 million ETH, down 0.17% or 3,022 ETH; user USDT holdings were approximately 8.117 billion USDT, down 7.17% or approximately 627 million USDT. — link
OKX has released its 46th Proof of Reserves (snapshot date: August 11). User BTC holdings stood at approximately 134,000 BTC, up 4.52% or 5,810 BTC compared to the previous snapshot (July 7); user ETH holdings were approximately 1.725 million ETH, down 0.17% or 3,022 ETH; user USDT holdings were approximately 8.117 billion USDT, down 7.17% or approximately 627 million USDT. — link
CEX Stock Perpetual Futures Trading Volume Reached $665.42 Billion in August
According to the WuBlockchain Data Center, the monthly trading volume of equity/stock perpetual futures on centralized exchanges (CEXs) reached $665.42 billion in August, up 4.6% month-over-month compared to $636.19 billion in July, reflecting a slowing growth rate; however, it represents a 56.5-fold surge compared to $11.58 billion in January. The top three underlying assets by trading volume were SNDK ($193.58 billion), SKHYNIX ($75.89 billion), and SPCX ($65.93 billion), which together accounted for 50.4% of the total trading volume. — link
According to the WuBlockchain Data Center, the monthly trading volume of equity/stock perpetual futures on centralized exchanges (CEXs) reached $665.42 billion in August, up 4.6% month-over-month compared to $636.19 billion in July, reflecting a slowing growth rate; however, it represents a 56.5-fold surge compared to $11.58 billion in January. The top three underlying assets by trading volume were SNDK ($193.58 billion), SKHYNIX ($75.89 billion), and SPCX ($65.93 billion), which together accounted for 50.4% of the total trading volume. — link
Strategy CEO: Selling Bitcoin at $60K and Buying at $80K Were Both the Right Trades
Strategy CEO Phong Le, speaking in an interview with Bloomberg TV, explained why the company sold Bitcoin in the $60,000–$65,000 range before resuming purchases at around $80,000, saying Strategy does not make Bitcoin buying or selling decisions based on BTC’s price, but rather on its cost of capital. Le said selling roughly 7,000 BTC to fund some of the company’s preferred dividends was “the right trade at the time.” Over the past two months, Strategy has reduced its net debt from about $7 billion to zero and built roughly $7 billion in U.S. dollar reserves, strengthening its balance sheet. He said it now makes sense to sell MSTR shares at a premium to fund additional Bitcoin purchases.
Le added that Strategy follows a “two-way strategy” and may sell Bitcoin when it makes financial sense, although it remains a net accumulator. He said the company could continue buying BTC at $90,000, $100,000 and even $130,000 if the economics remain attractive. — link
Strategy CEO Phong Le, speaking in an interview with Bloomberg TV, explained why the company sold Bitcoin in the $60,000–$65,000 range before resuming purchases at around $80,000, saying Strategy does not make Bitcoin buying or selling decisions based on BTC’s price, but rather on its cost of capital. Le said selling roughly 7,000 BTC to fund some of the company’s preferred dividends was “the right trade at the time.” Over the past two months, Strategy has reduced its net debt from about $7 billion to zero and built roughly $7 billion in U.S. dollar reserves, strengthening its balance sheet. He said it now makes sense to sell MSTR shares at a premium to fund additional Bitcoin purchases.
Le added that Strategy follows a “two-way strategy” and may sell Bitcoin when it makes financial sense, although it remains a net accumulator. He said the company could continue buying BTC at $90,000, $100,000 and even $130,000 if the economics remain attractive. — link
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Robinhood Chain Memecoin–Stock Volume Hits Record $217M
According to data from @adam_tehc, daily volume for RWA-related tokens on Robinhood Chain reached $390 million, with Memecoin–Stock pairs recording $217 million in volume and tokenized stocks generating $127 million, both marking new all-time highs. Meanwhile, the total market cap of tokenized RWA assets on Robinhood Chain has surpassed $84 million. As the convergence between crypto and TradFi deepens, networks such as Robinhood Chain are giving rise to a new onchain structure in which Memecoin speculation helps generate liquidity, volume, and TVL for tokenized stocks. — link
According to data from @adam_tehc, daily volume for RWA-related tokens on Robinhood Chain reached $390 million, with Memecoin–Stock pairs recording $217 million in volume and tokenized stocks generating $127 million, both marking new all-time highs. Meanwhile, the total market cap of tokenized RWA assets on Robinhood Chain has surpassed $84 million. As the convergence between crypto and TradFi deepens, networks such as Robinhood Chain are giving rise to a new onchain structure in which Memecoin speculation helps generate liquidity, volume, and TVL for tokenized stocks. — link
Twenty One Capital CEO: Bitcoin Is Experiencing Its First-Ever Hashrate Bear Market; Nearly All Miners Are Moving From Bitcoin Mining to AI
Tether-backed Bitcoin treasury company Twenty One Capital CEO Rapha Zagury said at Bitcoin Asia 2026 that Bitcoin is experiencing its first-ever “hashrate bear market.” Bitcoin’s network hashrate approached 1.3 ZH/s at the end of last year before declining steadily, marking the longest cycle to date from an all-time high in hashrate to recovery.
Zagury said the current situation differs from the hashrate decline following China’s 2021 crypto mining ban, when miners mainly relocated to other regions and gradually recovered. Bitcoin mining now also faces new infrastructure allocation options such as AI and HPC. He said nearly all publicly listed mining companies are moving away from pure large-scale Bitcoin mining and shifting toward AI. — link
Tether-backed Bitcoin treasury company Twenty One Capital CEO Rapha Zagury said at Bitcoin Asia 2026 that Bitcoin is experiencing its first-ever “hashrate bear market.” Bitcoin’s network hashrate approached 1.3 ZH/s at the end of last year before declining steadily, marking the longest cycle to date from an all-time high in hashrate to recovery.
Zagury said the current situation differs from the hashrate decline following China’s 2021 crypto mining ban, when miners mainly relocated to other regions and gradually recovered. Bitcoin mining now also faces new infrastructure allocation options such as AI and HPC. He said nearly all publicly listed mining companies are moving away from pure large-scale Bitcoin mining and shifting toward AI. — link
Spot Bitcoin ETFs Saw Total Net Outflows of $ 236 Million
According to SoSoValue data, on September 1 ET, U.S. spot Bitcoin ETFs saw total net outflows of $ 236 million. U.S. spot Ethereum ETFs saw total net inflows of $ 10.9528 million, marking 12 consecutive days of net inflows. — link
According to SoSoValue data, on September 1 ET, U.S. spot Bitcoin ETFs saw total net outflows of $ 236 million. U.S. spot Ethereum ETFs saw total net inflows of $ 10.9528 million, marking 12 consecutive days of net inflows. — link
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Remixpoint, Japan’s Second-Largest DAT Company After Metaplanet, Sells All Altcoins and Retains Only Bitcoin
Japanese listed company Remixpoint announced that it sold all of its altcoin holdings on September 1, including approximately 901.45 ETH, 13,920 SOL, 1.1912 million XRP, and 2.8023 million DOGE. The sales totaled approximately JPY 879 million and generated a profit of about JPY 118 million. Following the sales, Bitcoin is the company’s only remaining crypto asset, with holdings of approximately 1,506 BTC. Remixpoint said the move aims to consolidate its crypto asset portfolio and adopt a Bitcoin-centered holding and operations strategy going forward. — link
Japanese listed company Remixpoint announced that it sold all of its altcoin holdings on September 1, including approximately 901.45 ETH, 13,920 SOL, 1.1912 million XRP, and 2.8023 million DOGE. The sales totaled approximately JPY 879 million and generated a profit of about JPY 118 million. Following the sales, Bitcoin is the company’s only remaining crypto asset, with holdings of approximately 1,506 BTC. Remixpoint said the move aims to consolidate its crypto asset portfolio and adopt a Bitcoin-centered holding and operations strategy going forward. — link
Thailand SEC Issues Crypto Travel Rule, Requiring Self-Custodial Wallet Verification
Thailand’s Securities and Exchange Commission (SEC) issued regulations on the “Travel Rule for Digital Assets,” requiring digital asset operators to collect information on customers and counterparties, conduct due diligence, and verify ownership of or control over self-hosted wallets involved in transfers. The rules will take effect on February 27, 2027. Operators must retain transaction information for at least five years and make it available for regulatory examination. SEC Secretary-General Pornanong Budsaratragoon said the rules aim to reduce the risk of digital asset operators being used for money laundering, terrorist financing and technology-related crimes. — link
Thailand’s Securities and Exchange Commission (SEC) issued regulations on the “Travel Rule for Digital Assets,” requiring digital asset operators to collect information on customers and counterparties, conduct due diligence, and verify ownership of or control over self-hosted wallets involved in transfers. The rules will take effect on February 27, 2027. Operators must retain transaction information for at least five years and make it available for regulatory examination. SEC Secretary-General Pornanong Budsaratragoon said the rules aim to reduce the risk of digital asset operators being used for money laundering, terrorist financing and technology-related crimes. — link
U.S. Private Sector Added 38k Jobs in August, the Smallest Increase Since January
Private businesses in the US added 38K jobs in August 2026, the least since January, following an upwardly revised 46K in July and below forecasts of 47K, reflecting a broader slowdown in the labor market. — link
Private businesses in the US added 38K jobs in August 2026, the least since January, following an upwardly revised 46K in July and below forecasts of 47K, reflecting a broader slowdown in the labor market. — link
Robinhood Chain Fees Hit Record High, Boosting Arbitrum DAO Revenue
According to DeFiLlama, Robinhood Chain generated $3.75 million in daily fees on September 1, marking a new ATH for the fourth consecutive day and making it the highest fee-generating network on the day. Notably, Robinhood Chain shares 10% of its fees with the Arbitrum Foundation, with 80% allocated to the Arbitrum DAO and 20% to the developer fund. This brought the Arbitrum ecosystem’s daily revenue from Robinhood Chain to ~$370k. By comparison, the Arbitrum network itself generated less than $15k in fees on the same day. — link
According to DeFiLlama, Robinhood Chain generated $3.75 million in daily fees on September 1, marking a new ATH for the fourth consecutive day and making it the highest fee-generating network on the day. Notably, Robinhood Chain shares 10% of its fees with the Arbitrum Foundation, with 80% allocated to the Arbitrum DAO and 20% to the developer fund. This brought the Arbitrum ecosystem’s daily revenue from Robinhood Chain to ~$370k. By comparison, the Arbitrum network itself generated less than $15k in fees on the same day. — link