Robinhood deepens prediction-markets bet as Strategy pauses Bitcoin buys for STRC

Robinhood took minority equity stakes in Crypto.com and OG.com, routing event contracts through OG.com's CFTC-regulated rails, while Strategy skipped its weekly Bitcoin purchase to buy back STRC preferred shares and doubled its repurchase program to $2 billion. Bitmine kept adding to its Ethereum treasury, now 5.93 million ETH, even as Hunter Biden's planned LAPTOP memecoin drew immediate backlash from platforms and influencers. Elsewhere, Bybit widened its derivatives book into forex, Ethereum's Foundation set a 2029 quantum-resistance deadline, Harmony proposed sunsetting its chain into Ethereum, and Circle agreed to buy Tazapay for $400 million.

The day's stories

Robinhood's stakes in Crypto.com and OG.com extend its push into prediction markets, which it has called its fastest-growing product line by revenue, while positioning OG.com as infrastructure competing with Kalshi and Polymarket. Separately, Strategy paused its weekly Bitcoin purchase to repurchase STRC preferred shares trading below par and doubled its Digital Credit Securities Repurchase Program to $2 billion, a move sources say could pressure the company to raise STRC's dividend rate. Bitmine bought 28,086 ETH last week, taking its treasury to 5.93 million tokens, about 4.9% of Ethereum's supply, worth roughly $14.79 billion. Hunter Biden confirmed a Base memecoin, LAPTOP, launching September 9 with 20% of supply airdropped to wallets that lost money on Trump's TRUMP token; Base, Coinbase's network, and Channel 5 have distanced themselves from it. Bybit launched USDT-settled perpetual contracts on EUR, GBP and USD pairs with up to 100x leverage, following similar moves by Kraken and BitMEX. The Ethereum Foundation's Protocol cluster set a December 2029 target for a quantum-resistant base layer, grading 62 EIPs for the Hegotá upgrade and requiring an average 7.2-month hard fork cadence starting with Glamsterdam in December 2026. Harmony Protocol proposed winding down its blockchain and migrating ONE holders to Ethereum following security incidents and a steep TVL decline. Circle agreed to acquire Singapore's Tazapay for $400 million in an all-stock deal expected to close in 2027, giving it access to cross-border payment infrastructure, though only one source has reported the deal so far.

Developing from earlier

Republican senators are warning the CLARITY Act may fail its September 15 cloture vote as bipartisan support erodes; Polymarket odds for 2026 passage have fallen from 82% in February to roughly 16%, with Galaxy Digital estimating just 10%. Separately, the Bank for International Settlements tested the XRP Ledger for verifying official statistics while Ripple struck a branding deal with the University of Florida, and 21Shares pushed back on longstanding centralization criticisms of XRP. Robinhood Chain hit a record $3.7 billion in 24-hour DEX volume on September 5, and an Arbitrum co-founder and Solana's co-founder clashed publicly over whether chain-level revenue sharing or application-level monetization better serves blockchain infrastructure providers.

Where the reports disagree

Attackers exploited a software bug in Blockstream's Liquid Network to peg out roughly 4,000 BTC; parties claiming to be white hats returned 3,400 BTC but kept about 598.5 BTC, leaving unresolved whether retaining those funds constitutes theft or a security bounty, and halting Liquid Network operations and LBTC deposits and withdrawals across exchanges. Visa is combining VisaNet settlement data with blockchain lending to let stablecoin card programs draw onchain credit for daily settlement obligations tied to $20 billion in annualized volume, though reports carry an unreconciled figure the desk flagged. Solana attracted $348 million in net real-world-asset flows over a 30-day period, leading all tracked networks, a figure reports also do not fully reconcile.

Most covered subjects

Most covered topics

Institutions19 events
Exchanges8 events
Regulation6 events
Stablecoins6 events

85 events that day, 25 of them written upAll events of this day