Bernstein analysts predict that Robinhood's blockchain network, Robinhood Chain, could generate up to $160 million in fee revenue annually by 2028. This forecast is based on the growing demand for tokenized stock trading, which currently accounts for about 27% of the total trading volume on the chain, while meme coin trading has decreased from 100% at its launch on July 1 to 36%.According to DefiLlama data, just over two months after its launch, Robinhood Chain has become the leading blockchain network by daily fees, generating $2.13 million in fees in the past 24 hours. On July 20, Bernstein raised the price target for Robinhood (HOOD) stock from $130 to $160 and maintained an outperform rating.However, Robinhood's on-chain stocks have recently faced criticism from AMC Entertainment Holdings CEO Adam Aron. Aron stated that the platform's tokenized stocks providing economic exposure to AMC shares are not affiliated with the company and called the move "outrageous," adding that AMC will request its external securities legal counsel to conduct an investigation.
On September 6, local time, U.S. President Trump posted on the social platform Truth Social, stating that he earned "hundreds of billions of dollars" for the United States through stocks and holding various other assets, and he expressed, "I do this for our country, not for myself." The post also mentioned that the only response he received was criticism from the radical left "foolish Democrats."According to a previous report by Reuters, information from the U.S. Office of Government Ethics shows that Trump disclosed personal securities transactions totaling at least $220 million and up to about $750 million in the first three months of 2026. Annual financial documents released by the U.S. Office of Government Ethics indicate that Trump's total income for 2025 was at least $2.2 billion, far exceeding his income of about $622 million in 2024 when he had not returned to the White House.On the same day, Trump also shared an AI-generated image, which appeared to show him trading in the Oval Office, with the screen displaying Intel's stock price rising from $20 to $95. In August of last year, the U.S. federal government invested about $8.9 billion to purchase a 9.9% stake in Intel at a price of $20.47 per share; CNBC reported that on September 4, 2026, the company's stock closed at $95.80. A White House spokesperson stated that all stock transactions under Trump's name are conducted by external financial managers, and Trump and his family have no control over specific trading decisions.
Former U.S. President Trump published a revised version of the U.S. presidential rankings on Truth Social, expanding upon the version released a few days ago. In the latest ranking, former U.S. presidents are categorized into six levels: "Greatest," "Great," "Near Great," "Average," "Below Average," and "Losers."Trump lists himself separately in the "Greatest" category, ranking above Abraham Lincoln, George Washington, and Franklin D. Roosevelt. Compared to the first version he released, Reagan has been added to the "Near Great" category, while Hoover has been downgraded to the "Losers" category. Biden and Obama have consistently remained in the "Losers" category.
CryptoQuant analyst Darkfost stated that the supply ratio of long-term Bitcoin holders has significantly increased during this pullback, with many traders buying and holding for over 6 months during the dip.This is a common global behavior during bear markets or significant pullbacks, where long-term holders have much lower Bitcoin liquidity, helping to form a solid bottom support. This is a positive signal on a long-term level, slowly accumulating.
Analysts at research and brokerage firm Bernstein maintain an outperform rating on Robinhood Markets with a target price of $160, stating that its newly launched Layer 2 network, Robinhood Chain, has become a source of profit for the company. Since its launch on July 1, the network has generated approximately $39 million in fees, with annualized fees expected to reach $160 million by 2028. Over the past 15 days, Robinhood Chain has topped all chains with approximately $33 million in fees, surpassing Solana (approximately $11 million) and BNB Chain (approximately $9 million).According to the Bernstein report, Robinhood retains about 90% of the fees, with approximately 10% going to Arbitrum, which provides the technology, and less than 1% paid to Ethereum as data fees. The value of tokenized stocks on Robinhood Chain has risen from about $10 million to $140 million over the past two months, accounting for approximately 32% of the value of tokenized equity transfers in the week of August 30, second only to BNB Chain. The total supply of stablecoins on the chain has reached approximately $1 billion, a significant increase from about $241 million in early July, with USDG accounting for about 66% and USDe for about 33%.Robinhood's stock price fell 2.09% last Friday, closing at $122.11, with the target price implying about 31% upside potential. The U.S. market was closed on Monday due to a public holiday.
Odaily News: According to the latest tweet from Fractal Bitcoin, Fractal Bitcoin completed its first halving at block height 2,100,000, and the FIP-102 proposal was officially activated. According to the official announcement, network nodes and indexing services have been running smoothly after the halving. This upgrade marks the official activation of the FIP-102 proposal, and the distribution of FB will expand from the Fractal network to the Bitcoin mainnet, providing a broader base of Bitcoin users with a direct path to obtain FB.
After the activation of FIP-102, the actual block reward on the Fractal side has been further reduced to 6.25 FB, and an additional 6.25 FB issuance budget will be directed to the Bitcoin mainnet. FIP-102 does not increase the total supply of FB. On the Fractal side, merged mining, free mining, and index mining still allocate block rewards in a 1:1:1 ratio. The specific distribution mechanism on the Bitcoin mainnet will be clarified in the subsequent FIP-103, with the goal of completing the rollout by the first quarter of 2027.
According to Fractal Bitcoin's latest tweet, Fractal Bitcoin completed its first halving at block height 2,100,000, and the FIP-102 proposal was officially activated. According to the official announcement, network nodes and indexing services operated smoothly after the halving.This upgrade marks the official activation of the FIP-102 proposal, and the distribution of FB will expand from the Fractal network to the Bitcoin mainnet, providing a direct path for a broader Bitcoin user base to access FB. After the activation of FIP-102, the actual block reward on the Fractal side further decreases to 6.25 FB, with an additional 6.25 FB issuance budget being redirected to the Bitcoin mainnet. FIP-102 does not increase the total supply of FB, and the block rewards for joint mining, free mining, and indexing mining on the Fractal side will still be distributed at a ratio of 1:1:1. The specific distribution mechanism for the Bitcoin mainnet will be clarified in the subsequent FIP-103, with the goal of launching in the first quarter of 2027.
PopDEX, a Perpetual DEX aimed at real traders, has recorded over $1.7 billion in trading volume and approximately $61 million in LP pool size during its Closed Beta phase. At the same time, the platform has completed three rounds of actual cash rewards distribution, covering traders, feedback contributors, and community builders; the most recent single address reward reached up to 3,300 USDT.As the popularity of Robinhood Chain and BNB Chain Meme heats up, PopDEX has launched popular Meme Perps such as PONS, CASHCAT, and MARSCOIN, and has initiated the Meme Gang War trading competition, providing traders with additional reward pool opportunities beyond regular rewards.
CryptoQuant analyst Axel Adler Jr. stated that in the past two days, the pressure from active buy and sell orders for Bitcoin has shifted to the sell side, with the price dropping from $79,900 to $78,700. Open interest has increased as prices fell, indicating that new positions are driving this trend.Data shows that the Bitcoin active order pressure oscillator is at +3.82, then fell below zero and remained in negative territory for 46 hours, with the latest reading at -3.19. Although selling pressure has eased from the phase low of -5.28, bulls have not yet regained control. The short-term outlook remains bearish, and a signal for improvement would be the oscillator consistently returning above the zero axis, accompanied by a price stabilization.
According to a report by the Korean News Agency, Park Woo-yeol, the chief researcher at Shinhan Financial Investment, stated that the traditional "60% stocks + 40% bonds" strategy has weakened due to the rising correlation between stocks and bonds, and he recommends allocating 8% to alternative assets and 2% to digital assets.His analysis shows that a combination of gold and Bitcoin configured at an 8:2 ratio performs relatively well on a risk-adjusted basis.
Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale spent $194,000 in the past hour to buy 4.013 million 4Stock tokens at a price of $0.04833 per token. This asset has now become its fourth-largest on-chain holding, and it is the sixth target chosen after PONS, CASHCAT, and the already liquidated UNI, AAVE, and FORM. The whale opened a new FORM position yesterday, and FORM rose 22% today.
According to the Korea Herald, a federal court in Washington, D.C. has ordered the seizure of a wallet asset involved in money laundering by North Korean overseas IT workers, including 158,123 USDC and 54,574 USDT, with a total value of approximately $212,700. The U.S. Department of Justice is seeking to confiscate a total of $7.74 million in North Korea-related cryptocurrency assets.
According to Catcher Predict monitoring, in the market prediction event "Bitcoin Breakthrough on September 8" on Polymarket, the "Yes" option probability for the sub-market "78,000" experienced a sharp fluctuation, plummeting from 82.5% an hour ago to the current 66.5% (a fluctuation of 16%). Please note the impact of related breaking news.
According to Lookonchain monitoring, a whale that previously spent 4.73 million USD to buy PONS, UNI, AAVE, and CASHCAT has once again spent 163,256 USDT to purchase 3.48 million 4Stock.
Odaily News: Crypto KOL 0xShawn posted on X that fami on the Robinhood chain previously attempted to promote stock trading through encryption, but failed to gain market recognition due to a lack of equity audits and efficient, fast minting and redemption channels. Four.meme's attempt at BNC this time includes endorsements from issuers, as well as providing liquidity and minting and redemption channels. 0xShawn previously profited $200,000 from minting BNC4, with BNC's market cap at $140 million. He invested 400,000 yuan in contract long positions and on-chain spot, and also bought 50,000 yuan worth of 4Stock.
Odaily News: According to Lookonchain monitoring, a whale previously spent $4.73 million to buy PONS, UNI, AAVE, and CASHCAT, and then spent 163,300 USDT to buy 3.48 million 4Stock.
According to Cryptopolitan, the far-right party Alternative for Germany (AfD) won first place in the Saxony-Anhalt elections with a vote share of 43.8%, securing 39 out of 83 seats, while the CDU's vote share significantly dropped to 17.2%. Although this victory does not directly affect federal tax law, it will further strengthen AfD's voice in the discussions on cryptocurrency tax reform in Berlin.AfD has consistently advocated for the retention of the 12-month tax exemption policy for Bitcoin holdings and opposes including private mining and Lightning Network node operations under commercial taxation. In contrast, the German Ministry of Finance plans to abolish this tax exemption period, aiming to increase annual revenue by at least 1 billion euros.
Odaily News: Andy, host of The Rollup podcast, said on X that rumors on Capitol Hill suggest the CLARITY Act has almost zero chance of passing. Although Polymarket's prediction probability shows 18%, the actual likelihood may be only around 3%–5%.
According to him, it is widely known within Washington D.C. that the bill cannot pass, but no one can say so publicly because the industry has already invested tens of millions of dollars and 18 months of resources to push for its enactment. The Democratic Party's ethical scrutiny of Trump's crypto-related business interests has still not received a substantive response. In this light, the odds for YES on prediction markets are probably too high, and NO might be a direction worth watching.
Andy: "The CLARITY Act may subsequently be 'split into several independent bills,' each targeting specific segments of the crypto market. After the CLARITY Act's failure, what may follow are innovation exemptions, decrees, or sub-bills for stablecoins, asset tokenization, perpetual contracts, and prediction markets. At this stage, lawmakers prefer a segmented and refined approach rather than introducing a comprehensive, wide-ranging crypto bill. From my communications with insiders in Washington, this is the more likely scenario in the long run."
Odaily News: WLFI advisor ogle (0x1Bcc...1143) made his first purchase of 1.7905 million OURO on Robinhood Chain through a cross-chain swap, paying 10,000 USDC, with an average buy price of approximately $0.00558. Based on the current price, this position is worth about $9,655, with an unrealized loss of approximately $345, representing a return of about -3.45%. Two associated addresses still hold a total of approximately 15.2769 million PONS, valued at about $10.588 million at current prices. Among them, 0x1Bcc...1143 holds about 10.9581 million, and another associated address 0x825F... holds about 4.3188 million. OURO, full name OuroLayer, is a new protocol on Robinhood Chain, positioned as the chain's fee-generating layer. Each OURO transaction incurs a 5% transaction tax, part of which is used to buy back ecosystem assets and distribute them, while another part is used to establish long-term liquidity positions. The protocol's initial reserve pool mainly revolves around CASHCAT and PONS, with a market cap of $4.2 million.
According to monitoring by lookonchain, trader 0xbebb spent 4400 USDC to buy 18.6 million 4Stock in just 2 hours. The current value of the tokens held is approximately 780,000 USD, with a return rate of 177 times, making them the largest holder of this token.
