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.
Robinhood Takes Equity Stakes in Crypto.com and OG.com in Multi-Year Prediction Markets Deal
Robinhood is taking minority stakes in Crypto.com and its spinoff OG.com while routing event contracts through OG.com's CFTC-regulated infrastructure.
Strategy Skips Weekly Bitcoin Purchase to Repurchase STRC Preferred Shares, Doubles Buyback Program
Strategy paused its weekly Bitcoin purchases to repurchase STRC preferred shares and doubled its Digital Credit Securities Repurchase Program to $2 billion.
Bitmine Buys 28,086 ETH, Treasury Reaches 5.93 Million Tokens and 4.9% of Supply
Bitmine Immersion Technologies purchased 28,086 ETH last week, bringing its Ethereum treasury to 5.93 million tokens worth approximately $14.79 billion and representing 4.9% of the total supply.
Bybit Launches 24/7 FX Perpetual Contracts for EUR, GBP, and USD Pairs
Bybit introduced USDT-settled perpetual contracts tracking three major forex pairs with up to 100x leverage and around-the-clock trading.
Hunter Biden to Launch LAPTOP Meme Coin on Base with Airdrop for TRUMP Token Losers
Hunter Biden confirmed he will launch a Base memecoin called LAPTOP on Sept. 9, with 20% of supply airdropped to wallets that lost money on Trump's TRUMP coin.
Ethereum Foundation Sets December 2029 Deadline for Quantum-Resistant Base Layer
The Ethereum Foundation's Protocol cluster set a December 2029 target to make Ethereum's L1 quantum-resistant and graded 62 EIPs for the Hegotá upgrade.
Harmony Protocol proposes to sunset blockchain and migrate ONE token to Ethereum
Harmony Protocol has proposed winding down its blockchain and migrating ONE holders to Ethereum amid security concerns.
Circle to acquire Tazapay for $400 million to expand USDC cross-border payments
Circle agreed to acquire Singapore-based Tazapay in a $400 million all-stock deal expected to close in 2027.
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.
CLARITY Act Faces Fading Bipartisan Support Ahead of September 15 Senate Cloture Vote
Republican senators warn the CLARITY Act may fail a Sept. 15 procedural vote as ethics disputes, scheduling constraints, and eroding bipartisan support threaten passage before midterm elections.
BIS Tests XRPL for Data Verification as Ripple Expands Institutional Partnerships
The Bank for International Settlements tested the XRP Ledger for verifying official statistics, while Ripple struck a branding deal with the University of Florida.
Robinhood Chain Hits Record $3.7 Billion in 24-Hour DEX Volume as Arbitrum Revenue Sharing Draws Debate
Robinhood Chain set a new all-time high of $3.7 billion in 24-hour DEX volume on September 5, while an Arbitrum co-founder and Solana co-founder clashed over the merits of Robinhood's revenue-sharing model.
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.
Blockstream's Liquid Network Loses ~4,000 BTC to Elements Bug, White Hats Return 3,400 BTC
Attackers exploited a software bug in Blockstream's Liquid Network to peg out roughly 4,000 BTC, returned 3,400 BTC after claiming to be white hats, and kept about 598.5 BTC.
Visa Integrates Onchain Lending Into Stablecoin Card Settlement Infrastructure
Visa is combining VisaNet settlement data with blockchain lending to let stablecoin card programs access onchain credit for daily settlement obligations.
Solana Leads RWA Net Flows With $348 Million in 30-Day Period
Solana attracted $348 million in net real-world asset flows over a 30-day period, leading all tracked blockchain networks.
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