CoinFea

In an update issued on Friday, Trezor revealed that the data leak from its shipping partner, ShipMonk, was worse than previously believed. Specifically, the personal information, which includes names, addresses, phone numbers, email addresses, and order data, of another 67,000 users in the U.S. had been exposed.
Presently, the total number of users whose data may have been compromised is 80,700. This makes holders of Trezor wallets at risk. The new batch of data involves orders placed by U.S. customers between November 2019 and August 2021, as Trezor wrote in the post on X made on Friday. Notably, some of that information is nearly seven years old. That is relevant because back in August, when Trezor announced the data leak, the 90-day data deletion policy implemented by its fulfillment partner was credited with limiting the number of impacted users.
Trezor highlights impact of the data exposure
The company explained that it had asked ShipMonk multiple times to provide documentation showing that the order data older than 90 days was deleted. Every time, the company received positive answers to those requests. Now, Trezor expressed disappointment about the fact that those documents turned out to be incorrect. According to reports, Trezor placed the blame squarely on the shipping provider for keeping data it had promised to delete.
The new figures eclipse the old by a great deal. Back in August, Trezor estimated exposure to the breach to 14,000 people. However, ShipMonk reported findings to Trezor two days prior to its disclosure on Friday. That brings the tally up to around 80,700 users. Trezor clarified that its systems have not been compromised; no devices, private keys, or wallet backups were exposed, as the breach was conducted purely from the logistics end. Information, such as customer contact details and shipping, was compromised.
The danger here lies in targeting. The leak of a mailing list with verified owners of hardware wallets, including the addresses where crypto users reside, lets hackers target those exact people for phishing attempts via email, phone calls, and even snail mail. Trezor advised the affected users to be wary of such attempts and also highlighted the threat to personal safety. The threat is very real. In February, owners of Trezor and Ledger wallets received forged letters printed with holograms, QR codes, and even fake signatures of executives urging them to perform a fake security test or be locked out of their accounts.
As noted by cybersecurity expert David Sehyeon Baek, a forged letter delivered with a real name and address changes the psychology of the scam. An impersonation scam does not necessarily require an exploit to steal from a user’s wallet. In fact, it is such scams that are already dominating cryptocurrency loss figures. Blockchain cybersecurity firm Hacken found that phishing and social engineering scams made up $306 million of the $482 million total amount stolen within the first quarter of the year.
One investor nearly lost $1 million by confirming a malicious token transaction on Ethereum in July. Moreover, this is not the first time Trezor has faced a breach involving exposed user contact details. In January 2024, the company revealed that around 66,000 customers who have contacted its support team since December 2021 were exposed to phishing scams.
The post Trezor accuses ShipMonk of withholding data it promised to delete first appeared on Coinfea.

ByteDance, the parent company of TikTok, has secured the second-largest dollar loan deal in Asia this year with a $29.6 billion syndicated loan, and the proceeds have been set aside for the data centers supporting the company’s expensive move into AI. Banks wanted to support way more of this loan than ByteDance initially set out to raise.
With the latest development, it pushes the company past its $20 billion target to about $30 billion. Citigroup and JPMorgan coordinated the loan deal, which carries a three-year term and an option to run to five years. The deal is still not finalized, with banks still confirming their allocations. ByteDance pulled in roughly $10.8 billion from about 20 lenders in 2024, in the largest dollar corporate loan in Asia outside Japan at the time. As recently as June, the company was in early talks over a record $20 billion loan facility, with the final numbers surpassing that mark by almost half.
ByteDance to focus loan on its AI venture
The only Asian borrower that has raised more from a loan facility in 2026 is Softbank. The investment company arranged a $40 billion bridge facility in March to back its OpenAI stake. The two deals are different, however, with SoftBank’s being a bridge against an equity position and set to be repaid once longer-term financing comes in, while ByteDance is borrowing against a business that already throws off cash. Banks are effectively treating TikTok and Douyin revenue as the security behind the ByteDance loan.
The stated purpose for this borrowing is general corporate purposes, which for ByteDance right now means compute, and a lot of it. The company is looking at capital spending of as much as $70 billion a year on AI infrastructure, a level that would place it alongside the American hyperscalers. The budget stretches even further than the number suggests, because it costs more than regular. US export controls cap ByteDance’s access to Nvidia’s top chips, so the AI expansion leans on custom silicon using Arm and RISC-V designs, Qualcomm inference parts, and domestic Chinese suppliers.
Assembling the same amount of compute that way becomes more expensive in the long run, with part of the spend still flowing to a rival. ByteDance pays more than $1 billion a year to run OpenAI’s models through Microsoft Azure while it funds the homegrown hardware meant to end that reliance. The company is said to be training a ten-trillion-parameter model and enlarging its data center cluster all within Inner Mongolia, which is a scale of development pure operating cash flow alone cannot cover.
The $70 billion capex plan sits right against the 160 billion yuan ($22.7 billion) that ByteDance had earlier claimed to budget for 2026, and accounts differ on whether the larger number is a firm decision or a scenario still under review. The company has not addressed these figures publicly, as it stays privately held, files no financial statements, and reveals its capital spending mainly through the banks that handle its funds. Big Tech’s AI-related debt has now passed $350 billion as firms fund data centers with borrowed money instead of their own earnings, and a deal this size moves a large chunk of that borrowing outside the U.S.
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Polygon co-founder Sandeep Nailwal launched a stablecoin donation campaign to support Nepal’s Prime Minister’s Disaster Relief Fund. The program gives donors all over the world a direct on-chain route to assist the government’s recovery effort after an August 26 glacier collapse led to the death of over 1,250 people.
Nailwal announced in an X post on September 4, calling stablecoins the best tool for disbursing aid quickly. At the time of writing, the website, nepalrelief.org, had raised $168,176 in total. Donations will not be deposited directly into a government wallet. Instead, they will be received on-chain and converted to USDC before being pooled at a public relief wallet on Ethereum or Polygon. The next and final step will be to send the funds to Nepal’s official government fund. Scott DeLisi will lead Engage Nepal in collecting and accounting for the funds. Engage Nepal is a US-registered 501(c)(3), and DeLisi is a former US Ambassador to Nepal.
Polygon co-founder fingers stablecoin as a good tool during aids
Polygon is not alone in this initiative. Open Money Stack will be in charge of bridging, routing, and conversion, while Cross River Bank ensures that fiat is moved to Nepal, and Coinme will supply payment infrastructure and crypto cash. The campaign has received a pledge of $100,000 from Blockchain For Impact. There are two ways to show support. Donors can make anonymous donations with any token on any chain, or donors based in the US can use Coinme to verify their identity to ensure the donation is next to their name.
Those who would rather avoid the interface can make use of the single USDC address published on the site; it works on both Ethereum and Polygon. The extent of the destruction by the flood is still being tallied. On August 26, a glacier above the Trishuli River gave way, causing ice, mud, and rock to fall about 80 kilometers down the valley through Nuwakot, Dhading, and Rasuwa. With seven districts affected, there are 41 bridges destroyed, 42 kilometers of road severely damaged, and six hydropower plants lost.
The United Nations estimates a higher number of casualties. A UN statement on September 4, 2026, said the glacier collapse blocked the Nepal-Tibet border, killing over 1,250 individuals, with thousands missing. The UN puts the estimated number of people affected at 84,270 or 19,284 households, and aims to raise $49.6 million in cash to support those affected. Nailwal’s fund is not the first crypto-sector commitment to the disaster in Nepal. Ripple made a pledge of $300,000 to assist relief groups in the region. It didn’t say whether it will be paying in XRP, fiat, or its RLUSD stablecoin.
The Solana Foundation and NFT marketplace Mallow put nine advertising slots up for auction and raised $166,946.50 in USDC, and Mallow routed the sum to Engage Nepal to be delivered into the same government fund. This is not a first in the crypto space. Crypto donations in 2024 surpassed the $1 billion mark in 2024 and became the go-to for emergency aid after the earthquake that occurred in Myanmar and Thailand in March 2025. Binance co-founder Changpeng Zhao also donated 1,000 BNB, about $600,000, to the efforts in Myanmar and Thailand.
Blockchain has a lot of supporters due to its reputation for being a faster alternative when banking infrastructure fails. However, Nailwal is yet to release a schedule for converting the pooled crypto, nor has he mentioned when each batch will appear in the government fund. The final step is still dependent on conversion services and conventional banks. Every deposit, conversion, and outgoing batch will be easily verifiable on-chain.
The post Polygon co-founder begins crypto donation for Nepal disaster relief first appeared on Coinfea.

Tesla launched its Cybercab service in Austin on Thursday, starting paid customer rides in a purpose-built, driverless two-seater with no steering wheel or pedals through the company’s Robotaxi app. The launch will represent the very first time Tesla’s specially built autonomous vehicle will take paying passengers, and brings Elon Musk’s long-promised robotaxi service vision into operation in a real-life scenario
The launch took place at an invite-only event in Austin, where Tesla gave a select group of influencers and loyal customers the first rides in its Cybercabs. Axios described the vehicle as a gold-painted model featuring gull-wing doors, with no conventional mirrors, steering wheel or pedals. Tesla is positioning the Cybercab’s interior as more than just a space for transportation, with entertainment built into the passenger experience. A promotional video released by the company showcased theater, music and gaming apps accessible via a 22-inch touchscreen.
Tesla promises to equip future models with enough connectivity
Tesla also claimed future models would be equipped with V5 Starlink hardware to ensure full connectivity. Robotaxi customers will be able to book Cybercab rides via Tesla’s dedicated ride-hailing app, with ordering processes designed very similarly to order ride-hailing services like Uber, Lyft or Waymo. Texas has registered just 45 Cybercabs so far, a tiny fraction of the 420 robotaxis Tesla has in operation across the state.
Most of those vehicles are conventional Model Y cars equipped with the company’s Full Self-Driving software, meaning the majority of customers requesting a ride will not yet be picked up in the new steering-wheel-free Cybercab. The company has built production capacity for up to 125,000 Cybercabs annually, while Musk has said Tesla ultimately plans to produce the vehicles at a scale of millions. The gap between the CEO’s vision and reality remains very wide, however.
Reaching the targeted Cybercab production levels could present Tesla with regulatory challenges at the federal level. Tesla appears willing to certify the Cybercab as compliant with existing regulations instead of attempting to seek an exemption from safety requirements that the unconventional vehicle design may not meet. The approach could help Tesla avoid any production limits associated with the exemption process, which would give the company much greater flexibility to increase Cybercab manufacturing significantly.
The National Highway Traffic Safety Administration, which does not pre-approve vehicles or new technology, has said Tesla has filed a no-exemption request and that the agency “is in touch with the company and is monitoring the situation.” Tesla is also seeking outside investment to expand its robotaxi network. On Thursday, the company opened an application form inviting individuals and entrepreneurs to purchase Cybercab fleets for commercial use or develop the hubs and infrastructure needed to service them, under the pitch, “Help us build our Robotaxi network.” The vehicles, however, are not yet available for purchase by the general public.
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Tectonic attacker activity resurfaced after a wallet tied to the exploit transferred 2,658.9 ETH into Tornado Cash on September 3 UTC, according to PeckShield.
The deposit, worth $6.65 million, represented funds Cronos validators could not recover after reversing the August 30 attack.
Cronos validators halted the network and restored the chain to a point before the exploit, resuming block production from block 90,896,189. The rollback removed nearly all attacker-linked balances on Cronos, but it could not reverse assets already bridged to Ethereum.
Cronos Rollback Leaves Ethereum Funds Unrecovered
PeckShield tracked about $74 million in assets across three addresses, including $60 million in one Cronos wallet, $8 million in another, and $6 million on Ethereum. The Defiant reported the Ethereum balance at 2,592.2152 ETH, then worth about $6.29 million.
TRM Labs said the attacker moved funds from Cronos using USDC before converting them into about 2,500 ETH. The $75 million loss estimate is based on TRM Labs and on-chain researcher Weilin Li. PeckShield’s roughly $74 million figure reflects rounded balances across the three tracked addresses.
A broader archive-node reconstruction produced a $119.5 million figure because it also included a contract created before the exploit.
TONIC Price Manipulation Drains Tectonic Liquidity
TRM Labs said TONIC recorded only $305,000 in trading volume during the week before the attack despite carrying a 20% collateral ratio. Halborn reported that the attacker pushed TONIC’s price roughly 100 times higher within 20 minutes, then used the inflated token to borrow harder assets from nine lending protocols.
The estimated loss rose from about $66 million to around $75 million after Li identified a second attacker wallet. DeFiLlama data showed Tectonic’s total value locked falling from about $121.7 million before the hack to roughly $3 million afterward.
Tornado Cash Transfer Highlights Wider DeFi Security Risks
TRM Labs reported Tornado Cash had received more than $700 million in 2026 by June and remained the largest mixer on Ethereum-based networks. It documented use by ransomware groups, cybercriminals and North Korea’s Lazarus Group, while noting legitimate privacy uses. The US Treasury removed Tornado Cash from its sanctions list on March 21, 2025.
Halborn said the rollback reduced damage but carried a cost to confidence in ledger immutability. CRO fell about 10% over 24 hours during the initial fallout, while CoinMarketCap later linked continued weakness to the exploit, halt and rollback.
PeckShield counted 50 major hacks in August, up 67% from July’s 30, while total losses fell 49.5% to $136.3 million from $270 million. Tectonic was August’s largest incident and ranked as the fourth-largest crypto theft of 2026 at the time.
TRM Labs said price-manipulation exploits had reached an all-time high in 2026, with 32 recorded so far. The Tectonic attack showed how thin collateral, oracle pricing, chain finality, and laundering routes can converge when illiquid tokens receive meaningful borrowing power.
The post Tectonic Attacker Sends 2,659 ETH to Tornado Cash After Cronos Rollback first appeared on Coinfea.

Nvidia has agreed to buy Hugging Face, the open-source platform where more than 18 million developers share and test AI models, for $12,930,300,000. The company’s CEO Jensen Huang announced the deal on its blog on September 3, 2026. Nvidia, which is the world’s largest AI chipmaker, will now control the most-used neutral hub for open models.
Reports about Nvidia’s deal with Hugging Face first surfaced on August 26 this year. The deal was priced at roughly $12.9 billion, and Cryptopolitan noted at the time that neither company directly confirmed it. Nvidia CEO Jensen Huang’s recent blog post confirms that the company intensified its interest in Hugging Face after other buyers, allegedly including Microsoft, became interested. Hugging Face, built by Clément Delangue, Julien Chaumond and Thomas Wolf, is the closest thing open-source AI has to a town square.
Nvidia beats other giants to acquire Hugging Face
Huang’s post put the numbers at more than 3 million models, 500,000 datasets and 1 million applications, hosted for over 200,000 companies. Nvidia is already the single largest contributor of open models and data to the site, having posted more than 500 models and over 250 open datasets. Huang has said the plan for the acquisition surrounds keeping Hugging Face open rather than folding it into Nvidia’s stack.
He wrote that developers will still pick their own models, frameworks, clouds and chips, and “NVIDIA compute will not be required to build on or deploy through Hugging Face.” The deal has raised concerns of neutrality, but in his blog post, Huang referenced an open letter he recently coauthored, arguing that open weights spread AI leadership across companies and countries. Cryptopolitan previously stated that Hugging Face gets its value from supporting “models and hardware from across the industry,” which includes Nvidia’s rivals, AMD and Intel.
Owning the Hugging Face platform gives Nvidia a direct line to millions of developers, and that is an asset the company could use to its unfair advantage. The platform even turned down a $500 million Nvidia investment at a $7 billion valuation last year, unwilling to let one investor hold too much sway. The company’s valuation shot up to its current $12.9 billion price following an incident in which an unreleased OpenAI model autonomously escaped testing and infiltrated Hugging Face’s platform, thrusting it into the spotlight.
Nvidia has the money to spare, reporting $96.2 billion in fiscal second-quarter revenue, up 106% from a year earlier. $89 billion of that money came from data centers. The company reportedly had $18 billion designated for equity investments through the rest of the fiscal year, on top of $47.9 billion already held in private companies. Like Nvidia, other companies are attempting to take control of what analysts call the “AI middle layer.” For instance, Stripe recently confirmed its $7.5 billion acquisition of OpenRouter.
The post Nvidia splashes $13 billion on Hugging Face acquisition first appeared on Coinfea.

Global brands, industry leaders and decision-makers will gather for an expanded programme of exhibitions, market insights, curated meetings and events from 7–9 October.
Hong Kong will become a major meeting point for the global online trading, fintech and financial services industry this October as iFX EXPO Asia 2026 arrives at the Hong Kong Convention and Exhibition Centre.
More than 5,000 attendees from over 130 countries are expected to join 150+ exhibitors and 120+ speakers for three days of business, networking and industry discussions from 7–9 October.
With just over a month to go, brokers, liquidity providers, payments companies, banks, exchanges, technology providers, digital asset businesses, affiliates and IBs are preparing to meet in Hong Kong to build partnerships, enter new markets and explore opportunities across Asia.
Global brands confirmed for Hong Kong
The exhibition will bring together international brands and emerging businesses across brokerage, liquidity, payments, trading technology, financial services, compliance, digital assets and market infrastructure.
Confirmed participating brands include ZFX, M4Markets, INFINOX, EBC Financial Group, Syphonix, B2Broker, UPTECH, ACCM, MH Markets, IC, CXM, LetKnow Pay, Mega Fusion, CBCX, FOREX.com by StoneX, GO Markets, IronFX, Centroid Solutions, LMAX Global and NomoPay, among others.
Across two exhibition days, attendees will be able to discover new products, compare providers and meet directly with companies supporting the online trading ecosystem.
The conversations shaping the industry
Across the Speaker Hall and Mastery Hub, the conference programme will examine the market, regulatory and technology developments influencing online trading and financial services across Asia.
Discussions will cover stablecoins and their role in cross-border payments, the rise of prediction markets, crypto and digital asset regulation, tokenisation, bullion and precious metals, and the technologies and changing client expectations shaping the future of wealth management.
The Hong Kong Gold Exchange (HKGX) and Bloomberg will open the event, bringing perspectives from two organisations closely connected to Hong Kong’s financial ecosystem and global markets.
Confirmed speakers include Wei Zhou, CEO of Coins.ph; Rachel Qiu, Head of Business Development and Chief Operating Officer at HashKey; Prof. Andy Chun, Professor of Practice at The Hong Kong Polytechnic University; Ronald Yim, General Manager for Hong Kong at StashAway; Tim Ferland, Group CEO of LetKnow; Emil Chan, Co-Chair of the Hong Kong Digital Finance Association; Lewis Huang, Chief Market Analyst at Bitget Academy; Will Malan, Sales Director and Account Executive at Alpaca Markets; Mohammad Isbeer, Group Chief Institutional Officer at Equiti Capital; Eric Xiao, Head of Sales for Asia at CMC Markets; Jason Martyn Hughes, General Manager at IC; and Chionh Chye Kit, Co-Founder and CEO of WIDTH and Treasurer EXCO of the Singapore FinTech Association.
More than an exhibition
iFX EXPO Asia 2026 will extend beyond the exhibition floor through a wider series of business and networking events taking place across Hong Kong.
The programme will begin on 3 October with a full-day Hackathon, followed by the official Welcome Party on 7 October.
On 8 October, the UF AWARDS ceremony will recognise standout brands from across the online trading and fintech sectors. The programme will continue with a series of sponsored and partner-led side events hosted by Worldpay, HKGX and BlockMaze.
Business Connect will provide additional ways for participants to hold more focused commercial conversations. Through 1:1 Business Connect, sponsors and exhibitors can identify the types of decision-makers and prospective clients they want to meet, with pre-qualified meetings arranged before the event begins.
Invitation-only Business Connect Roundtables will bring small groups of senior professionals together around shared business interests and industry challenges.
Exclusive travel and accommodation offers
International attendees planning their journey to Hong Kong can access discounted rates at selected event hotels.
Cathay Pacific, the Official Airline Partner of iFX EXPO Asia 2026, is also offering exclusive flight discounts for attendees travelling to Hong Kong.
Attendees can explore the available hotel offers and Cathay Pacific flight discounts through the official event website.
Connecting global business with opportunities across Asia
Hong Kong’s position as an international financial centre and a bridge between Mainland China, Asia and global markets makes it a strategic setting for the global trading industry.
Through its combination of exhibition, industry content, curated meetings and events across the city, iFX EXPO Asia 2026 will provide multiple ways for businesses to build relationships and explore commercial opportunities across Greater China and the wider APAC region.
iFX EXPO Asia 2026 takes place from 7–9 October 2026 at the Hong Kong Convention and Exhibition Centre.
Industry professionals can register through the official event website. The latest speaker line-up, agenda and event updates are also available online.
https://asia2026.ifxexpo.com/register?utm_source=pressrelease2&utm_medium=mediapartner&utm_campaign=registration&utm_term=coinfea&utm_content=categories
The post iFX EXPO Asia 2026: Hong Kong Set to Welcome 5,000+ Global Trading and Fintech Professionals This October first appeared on Coinfea.

On 27–28 October, HIPTHER brings decision-makers, regulators and innovators to Warsaw for two focused days of high-level intelligence, cross-industry dialogue, practical learning and curated networking — without the noise of the mega-show circuit.
Warsaw, Poland – 31 August 2026 – As regulated digital industries face accelerating change across technology, regulation and consumer expectations, HIPTHER Warsaw Summit 2026 returns to the InterContinental Warsaw by IHG on 27–28 October, bringing together the people navigating that change in practice.
From Regulation to AI: One Agenda for an Increasingly Connected Business World
The evolving HIPTHER Warsaw Summit 2026 agenda will tackle the forces reshaping regulated digital industries across Europe, from gambling regulation, compliance and market development to Responsible Gambling, AML, fraud prevention, digital identity and eIDAS 2.0. With Poland as the meeting point for a wider European conversation, the programme will examine how regulators, operators, legal experts and technology providers can respond to rising compliance expectations while supporting sustainable growth, stronger player protection and more resilient business models.
The discussion will extend across Fintech, banking and payments, AI, cybersecurity, infrastructure, marketing, SEO and AI-powered discoverability, business development and leadership — reflecting how quickly these areas are converging in practice. From responsible AI implementation and operational resilience to frictionless payments, secure digital identity and the future of visibility in AI-driven search, HIPTHER Warsaw will bring the people building, regulating and operating these systems into the same room to explore not only what is changing, but what businesses should do next.
Not Another Mega-Show. A Room Where You Can Actually Meet.
HIPTHER Warsaw is deliberately designed differently.
In an event calendar increasingly dominated by massive exhibition floors, packed schedules and a race for attention, HIPTHER’s boutique conference format prioritises access over scale and relevance over volume.
HIPTHER Warsaw Summit creates an environment where attendees can participate in the conversations on stage, meet speakers and fellow decision-makers directly, continue discussions during networking breaks and lunches, and build relationships throughout the two-day experience.
For companies and professionals increasingly evaluating the return on every event they attend, the proposition is simple: less conference logistics, more conference value.
Zoltan Tündik, Co-Founder & Head of Business at HIPTHER, commented:
“In an event landscape increasingly dominated by overwhelming mega-shows, HIPTHER Warsaw Summit is intentionally built around focus, access, and value. As technology, compliance, and market demands converge faster than ever, our goal is to bring the right leaders into the same room, not just to discuss what’s changing across Europe, but to leave with clear, actionable strategies for what to do next. From AI implementation and eIDAS 2.0 to responsible gambling and payments, this year’s agenda brings regulators, operators, and tech pioneers together for direct, high-level dialogue and practical learning that extends far beyond the stage.”
Learning That Continues Beyond the Panel
Alongside the main conference programme, HIPTHER Academy adds a practical learning layer to the Summit through expert-led workshops designed to transform industry knowledge into professional capability.
This combination of strategic conference content and applied learning reflects a wider HIPTHER principle: professionals should leave an event not only knowing what is changing, but understanding what they can do about it.
Business Happens Between the Sessions, Too
Networking is not treated as an add-on to the HIPTHER Warsaw experience.
Morning wellness activities and networking, structured breaks, networking lunches, and evening gatherings are intentionally integrated into the programme, giving attendees repeated opportunities to connect without having to constantly choose between content and conversation.
The Summit experience will also include the European iGaming Excellence Awards (EiGE Awards 2026), bringing the industry together to recognise excellence across European iGaming as part of HIPTHER Warsaw’s wider community experience.
Warsaw: Two Days to Understand What Comes Next
Connecting the iGaming market from Poland to Europe and beyond, the Summit will unite operators, regulators, suppliers, legal and compliance experts, technology providers, fintech and payments professionals, AI specialists, cybersecurity leaders, marketers, founders and senior decision-makers for two days built around one central purpose: turning the industry’s biggest questions into meaningful conversations with the people capable of answering them.
Learn more, explore the speakers and secure your pass:https://hipther.com/events/warsaw-summit/
Media and sponsorship queries:
maria.arnidou@hipther.com
The post HIPTHER Warsaw Summit 2026: Where iGaming, Compliance and Tech Move Forward first appeared on Coinfea.

Dell Technologies stock surged about 9% in Wednesday pre-market trading after the company reported a record haul of AI server orders and raised its outlook for the rest of fiscal 2027. The move will interest investors still debating if AI hardware demand can continue to grow. On the NYSE, the shares transacted at 9.25% more at a price of $463.62, recovering from a 6.80% drop the day before.
The profit recorded by Dell in the second quarter hit $4.133 billion, up 255% from $1.164 billion a year earlier, with earnings per share of $6.34 against $1.70. The company earned $7.04 per share on an adjusted basis, equal to $4.591 billion, compared with $2.32 a share in Q2 2025. Revenue rose 57.7% year over year to $46.971 billion. Dell’s Infrastructure Solutions Group reported revenue of $31.78 billion, representing an 89% annual increase. The company’s AI-Optimized server business also delivered strong growth, with revenue doubling to $16.401 billion as demand for AI infrastructure continued to accelerate.
Dell reports rise in second quarter earnings
Traditional servers and networking grew 122%, and storage rose by 26%. The consumer-facing Client Solutions unit, tasked with selling PCs and laptops, added 20% to reach $15.03 billion. Dell said its AI server unit got about $60.9 billion in orders during the quarter, and converted $16.4 billion of this amount into recognized revenue. The unit closed the period sitting on a $95 billion backlog, representing a record for the business. CFO David Kennedy credited the company’s quarterly results to the company raising its targets.
“Our advantages reinforce one another, and throughout the quarter we used these strengths to drive growth, share gains, profitability and cash generation,” Kennedy said in the earnings release. For the current third quarter, Dell guided to earnings per share of $6.10, a 168% year-over-year increase, with adjusted EPS of $6.50 and revenue of about $49.0 billion, up 81%. The outlook for the entire year saw a sharper revision, with fiscal 2027 earnings per share now projected at $24.37, representing a 181% increase and being well over the previous estimate of $17.31.
Adjusted EPS was raised to $25.50 from $17.90, and full-year revenue guidance surged to $192.0 billion from $167 billion, representing a 69% annual gain. Dell now expects $74 billion in revenue for the year from AI-Optimized Servers, up from a prior $60.0 billion and representing growth of 200%. Separately, Dell’s board declared a quarterly dividend of $0.63 per share, with the payment scheduled for October 30 to shareholders on record as of October 20.
The results hit a market that has continued to question AI infrastructure expenditure, while wondering if it has reached a peak level. The documented backlog worth tens of billions in addition to a doubled server segment and a raised annual target gives the market bulls a concrete data point to work with instead of abstract forecasts. Investors will now anticipate the third-quarter results from the company, which are due later in the fiscal year, to see if the $95 billion backlog will convert into revenue at the pace Dell is now looking at.
The post Dell rises 9% as record AI server order boosts 2027 forecast first appeared on Coinfea.

Goldman Sachs and 21 other financial institutions, including the Bank of America and Citi, have announced that they will form a shared company to issue a dollar-backed stablecoin, with a market launch targeted for the first half of 2027. The venture will start with a single US-dollar stablecoin, according to a press release from PR Newswire and published by BBVA, one of the participants.
The group of financial institutions wants to issue coins in additional G7 currencies over time and has named a stablecoin euro version as its next priority after the dollar stablecoin. The new company still remains unnamed and is expected to be formed officially in the second half of 2026. The stablecoin is meant for wholesale, institutional, and retail users, with cross-border payments and digital-asset trade settlement seen as early use cases. The launch of a bank-backed stablecoin is a new development, as it places the coin into a market so far dominated by non-bank issuers.
Goldman Sachs set to launch dollar-pegged stablecoin in 2027
This is an expansion of an effort that went public last October, when ten global systemically important banks (G-SIBs, the lenders regulators treat as too big to fail) said they were studying a 1:1 reserve-backed token that would live on public blockchains. Eight of those original ten are still in: Banco Santander, Bank of America, Citi, Deutsche Bank, Goldman Sachs, MUFG Bank, TD Bank and UBS.
Thirteen new names have now joined for the second phase of planning, with the roster now spanning five different regions. North America brings Capital One, Fidelity Investments, PNC Financial Services, Scotiabank, Wells Fargo and WisdomTree in addition to the earlier members. Europe adds BBVA, Commerzbank, Crédit Agricole, Lloyds Banking Group and Rabobank. East Asia is represented by MUFG Bank, Middle East by Abu Dhabi’s Sirius International Holding, and Standard Bank joins from Africa.
The rest of the group is made up of two US asset managers and the Abu Dhabi conglomerate subsidiary. The most interesting additions to this group of banks are Fidelity Investments and WisdomTree, with both banks already running their own stablecoins. Fidelity launched FIDD in January via a federally chartered national trust bank, while WisdomTree issues USDW under a New York trust charter.
Both banks’ decisions to back a shared token might point to a general conclusion within the industry that no single firm’s token or stablecoin is likely to acquire the reach and network needed to compete with the current non-bank issuers. The press release from the group claims the initiative wants to comply with both the US GENIUS Act and the EU’s MiCA guidelines, as applicable, implying the stablecoin is being designed with two of the world’s stricter stablecoin regimes in mind.
The post Goldman Sachs joins 21 other banks in joint USD stablecoin issuance first appeared on Coinfea.

Tron founder Justin Sun took to X on September 1 to challenge how Bloomberg and Forbes value his crypto fortune. His response comes days after his split from Chinese actress Jing Tian became a public fight over a bride price and a $50 million demand.
In a series of posts published on X today, Justin Sun, the founder of Tron, argued that his personal balance sheet is nobody’s business but also nothing to hide. How much he holds “has never been” the industry’s concern, he wrote, and he added that he would not use the figure to answer his critics. Sun then aimed Bloomberg and Forbes, stating that they count his crypto holdings at only 20% to 30% of their value when tallying his net worth, because those assets are concentrated, volatile, and by the outlets’ standards, not “certain.” Sun said he understands that logic, but it is the outlet’s methodology, and not his problem.
Justin Sun discusses his crypto portfolio
He wrote in a separate post that for 14 years, he has made the deliberate choice of keeping the bulk of his own assets in crypto. Forbes currently pegs the 36-year-old at $8.5 billion. Before the wealth posts, Sun published a lengthy account titled “My Girlfriend Jing Tian” on August 27. The post reportedly took him more than ten hours to write and was labeled “fictional.” In it, Sun said the couple had moved toward marriage.
He said he transferred a 30 million yuan bride price, about $4.5 million, to Jing’s parents after proposing in January, and that the two had agreed to have a child through surrogacy. Sun alleged that shortly before Jing was due to undergo an egg retrieval, she demanded a further $50 million. At that stage, he turned to Anthropic’s Claude chatbot for advice and, acting on its recommendation, refused the money and ended the relationship. Sun is reportedly now suing the actress and her parents to recover the bride price.
38-year-old Jing Tian, who is known for her roles in “From Vegas to Macau” and “Police Story 2013” and is followed by more than 26 million people on Weibo, rejected Sun’s account via the social media platform on August 28, insisting that she has not and will never sell her love. Jing added that she still believed in the law and would let time settle the matter. The episode blew up on Chinese social media and took over search results. Hashtags regarding the incident even trended on Weibo.
Some users have mocked the fact that a chatbot played a role in ending a romance, while others have been criticizing Sun for airing medical, financial and personal details. In an interview with Sing Tao Headline, Sun also shared his doubts about the AI’s judgment, and like Jing, said he would leave the resolution to his lawyers and the courts. Meanwhile, Cryptopolitan has reported that World Liberty Financial, the Trump family’s DeFi project, filed a defamation countersuit against Sun in May.
It alleged that he was involved in a coordinated smear campaign and short-selling after he sued the company for freezing his tokens. Sun has called the WLFI suit a “meritless PR stunt,” but he also remains locked in a years-long fight with Hong Kong custodian First Digital Trust over TrueUSD reserves.
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The legal battle between Apple and OpenAI has escalated to a new level after the iPhone maker presented forensic data showing that OpenAI hardware had already begun running on trade secrets that its former employees were never authorized to share. The “shocking evidence” pulled from a former engineer’s work laptop comes ahead of an October 1 court showdown and throws a wrench in Sam Altman and OpenAI’s push to enter the physical devices business.
Apple lawyers have told the court that they found dozens of confidential files, including a circuit schematic for a power converter on the work-issued MacBook that belongs to Chang Liu, a senior system electrical engineer who moved on to OpenAI in January. Apple said that Liu did not just access those files, but he actually used them in simulations at his OpenAI role, according to the supplemental brief its lawyers filed in the Northern District of California. Beyond the schematics, Apple lawyers also said they found evidence that Liu used a tool with a name identical to one of his former employer’s internal engineering programs.
Apple argues its case amid claims against its ex-engineer
The lawyers warned that any AI agent that “learn[s]” can use that material to potentially create harm that is hard to reverse and keeps spreading. Liu’s lawyers voluntarily submitted the old laptop for inspection earlier in August. Apple lawyers, on the other hand, have called the court’s attention to an alleged June attempt to wipe evidence as rationale to fast-track evidence gathering. They claim that once Liu caught wind of the internal Apple investigation, he reached out to fellow OpenAI alum, Yu-Ting Peng, to discuss a plan to “restore” the devices their former employer gave them.
By Apple’s interpretation of the exchange, restoring in this context meant wiping the machines of any evidence that could implicate them if the laptops were forensically analyzed. Apple claims that more than 400 people have left the firm for OpenAI as of last count. OpenAI has not shifted its position. Since an August 3 blog post titled “Apple is getting this wrong,” the company has pinned the access on Apple’s own sloppiness, describing what Liu had as “residual access” left over because Apple often fails to shut off accounts when staff departs.
In that post, OpenAI said former Apple colleagues were the ones who messaged Liu asking for help finding files, not the reverse. Apple tells a different story about how the access survived. It claims Liu kept his way in by exploiting “a rare, previously unknown authentication bug,” per TechCrunch, rather than through any oversight on Apple’s end. Apple has big stakes riding on how Judge Edward Davila interprets rules on two requests it made of the court, with both decisions due on October 1.
One is a preliminary injunction to make OpenAI pause any work on hardware using the iPhone maker’s technology while the case is still unsettled. The second request is to expedite discovery so that Apple lawyers can depose witnesses and pull documents on a faster timeline. The timing of the documents Apple wants to see adds a third name to the proceedings, Tang Tan. The request for material dated August 1, 2023, or later lines up with the six months before Tan, a design executive who spent more than 24 years at Apple, left for OpenAI. Another name in the blast radius of this lawsuit is Jony Ive’s io Products.
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Altcoins delivered their strongest broad-based performance of 2026 in August, with 83 of the top 100 cryptocurrencies posting positive returns during the month.
The advance marked the widest spread of gains across major tokens this year as liquidity moved beyond Bitcoin into established assets with active markets and proven utility.
August still ended in Bitcoin season after BTC repeatedly recovered the $80,000 level. However, the strength of the leading cryptocurrency did not prevent capital from rotating into other large and liquid tokens.
Top 100 coins and tokens outperformed BTC on a three-month basis, and in August, 83% of the assets had positive gains. | Source: CoinMarketCap
CoinMarketCap data showed that 26 altcoins and tokens significantly outperformed Bitcoin over the previous three months. Cryptorank also reported that market breadth reached a yearly high, reflecting wider participation across selected cryptocurrencies. The trend favored older assets established on exchanges rather than recently launched tokens, while demand for new mints remained limited.
Altcoin Market Posts Strongest Month of 2026
Altcoins continued to display higher volatility than Bitcoin, creating sharper short-term price movements. CryptoRank placed Bitcoin volatility at 2.25%, while altcoins frequently exceeded 5%.
The altcoin market gained more than 26% in August while maintaining roughly 20% market dominance. Activity was concentrated in tokens connected to decentralized applications, decentralized exchanges, perpetual futures trading, and fee-generating networks.
ZCash rose more than 80% during August as renewed attention returned to privacy-focused cryptocurrencies and the token recovered earlier losses. Monero followed with a smaller monthly gain of 44%.
HYPE SOL and PUMP Join August Leaders
Hyperliquid’s HYPE advanced 60% over the past 30 days and moved above $80. Its rise was accompanied by continued demand for perpetual futures and the recent introduction of permissionless prediction markets.
Solana gained 40% during the same period, supported by activity across meme tokens, decentralized finance, and stablecoin liquidity. PUMP also ranked among August’s leading tokens as market participation broadened.
TRON remained a notable exception. The token gained only 1% despite stronger on-chain and application activity, showing that August’s altcoin strength did not lift every major asset. Smaller tokens also continued to face limited liquidity and sharp reversals.
September Tests Momentum After August Rally
Bitcoin has historically recorded weaker performance during September. In 2026, however, August produced the strongest crypto rally of the year and challenged earlier expectations for continued weakness.
Before the rebound, Bitcoin had been expected to weaken further in September, with a possible bear market bottom projected for October. The latest move instead showed capital returning to the market from the sidelines.
Resistance remains visible across assets. Bitcoin has traded around $80,000 with signs of resistance, while Solana stalled below $100. Those levels now mark key areas for the market after August’s broad advance.
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Crypto Payment Cards recorded their strongest month in August as spending, transaction counts, and active users reached record levels.
Total stablecoin card volume rose to $1.076 billion across 10,671,980 transactions and 283,653 active addresses.
August was the second straight month crypto card spending exceeded $1 billion. Active addresses increased from 261,000 in July, while average spending per transaction reached roughly $100.80.
RedotPay Leads Stablecoin Card Activity
RedotPay remained the largest provider in the tracked market, processing about $390.1 million during August. That represented roughly 36% of sector volume, while its transaction count exceeded 6.34 million and accounted for more than half of tracked payments.
Its average purchase value was around $61.50, below the market average. The spending pattern indicated that RedotPay users were making smaller purchases more frequently. EtherFi and KAST ranked second and third by monthly transaction volume.
Growth was visible across emerging markets. Singapore-based StraitsX, which supports Visa card programs for crypto companies, reported a 600% increase in gross transaction value across lower-GDP regions between early 2025 and 2026.
Binance said average users of its Brazil card increased 53% from the launch quarter to the second quarter of 2026. Average spending volume rose 80%, with ride-hailing, food delivery, groceries, restaurants, and online subscriptions among the leading uses.
Kraken reported that weekly Krak Card payments more than doubled over the past year to 8.3 per user. Retail and store purchases represented 59.3% of spending.
Stablecoin Card Infrastructure Expands
Mastercard enabled stablecoin settlement on June 3 for USDC, Paxos-issued tokens, RLUSD, and SoFiUSD across eight blockchains. Visa said more than 160 stablecoin card programs are either live or under development.
Providers including Rain, Reap, and Stripe’s Bridge have also reduced float and licensing costs that previously limited smaller onchain card purchases.
Despite the growth, market concentration remains high. Three programs account for 55.6% of total volume. Paymentscan also relies on self-reported RedotPay figures rather than fully onchain observations.
RedotPay is facing an approximately $472.8 million claim in Hong Kong from Binance affiliates over alleged user diversion. Its planned $1 billion US listing now appears unlikely before 2027.
Card Spending Rises as Stablecoin Supply Falls
Stablecoin supply has declined 3.6% from its May peak to about $304 billion, based on DefiLlama data. Card activity still reached a record level during the same period.
August volume annualizes to about $12.9 billion, roughly 0.06% of the traditional card market, which exceeds $20 trillion.
The divergence marks a change from the previous three years, when onchain payment activity broadly moved alongside stablecoin supply. Spending, transactions, and active users now reached highs even as the overall stablecoin pool contracted.
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Strategy has made a fresh BTC purchase, reverting to its Bitcoin plan. It disclosed a $369.7 million buy in an SEC filing on Monday. This purchase turns out to be Strategy’s first one in the last two months. Strategy is currently the largest corporate holder of Bitcoin, and its shift from selling to buying might increase investor confidence.
Strategy bought 4,603 Bitcoin between August 24 and 30 for an average of $80,318 per Bitcoin, as per the SEC filing. This brings Strategy’s total holdings to 845,050 Bitcoin. Strategy has already spent $63.73 billion in accumulating this stake in Bitcoin. Its average price per Bitcoin is $75,412. Saylor confirmed the figures in an X post on August 31, saying that the company owns “845,050 bitcoin” and $6.71 billion in what they call “USD Assets,” which consist of USD Reserve and USD Cash accounts. The net leverage of the company is 0.0%.
Strategy BTC purchase to instill investor confidence
The purchase was reportedly done without spending any extra money. As part of its ATM program, Strategy raised a net of $602.8 million through selling 4,531,421 shares of MSTR stock in one week. $369.7 million was spent to purchase Bitcoin, $151.8 million was spent to purchase STRC preferred stock, $50.7 million was spent on dividend payments on preferred stock, while the remaining $30 million was spent on increasing the company’s USD Cash reserves.
The issuing of stocks to acquire Bitcoin has always been the way of funding the company’s operations. The company decided to restart the process only when the prices of its stocks recovered enough to be a more profitable way of acquiring capital compared to borrowing. That approach has turned out to be quite costly. From May to August, the company sold 6,948 BTC for around $432.5 million ($62,250 each). The repurchase at the price of $80,318 per coin implies that the company overpaid by almost 29%.
The final result is that Strategy is down 2,345 BTC, but it managed to get around $63 million in the process. The summer sales happened for certain reasons. When the share price of STRC fell below its par value of $100, a funding source of the company was closed off. In order to continue with the process, the company has decided to launch the Digital Credit Capital Framework, under which it plans to sell Bitcoin up to $1.25 billion to pay dividends and repurchase its own preferred stock. At press time, Bitcoin costs $77,849.
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Strive has now jumped to the fifth spot among publicly traded corporate Bitcoin holders, leapfrogging Bullish after a 1,800-token accumulation week pushed the firm’s stack to 23,156 BTC worth roughly $1.8 billion as of August 31. The Dallas-based asset manager overtook Bullish as it continues to build up its Bitcoin stash, while the latter is on its way down.
Before the latest update to its balance sheet, Strive entered the final week of August with 21,356 BTC, per its August 24 filing with the SEC. At the time, Bullish held 22,000 BTC, with its 1,700 token sale at the end of June as its most recent transaction. Both companies still rank behind MARA Holdings at 35,577 BTC and far behind Michael Saylor’s Strategy, which now holds 845,050 BTC after its first token purchase since June. Strive has been steadily tapping equity issuance of common stock (ASST) and preferred stock (SATA) to power its Bitcoin accumulation strategy. SATA powers most of the firm’s buying activity when it trades near its $100 par value.
Strive and Bullish still rank behind MARA
The variable-rate perpetual preferred pays a 13% annualized dividend every business day, a design that CEO Matt Cole touted as a first for a US-listed security. Last week’s 1,800 BTC acquisition follows an $81.5 million splurge on 1,110 BTC per the firm’s 8-K for the August 17 to 21 period, as Cryptopolitan reported. The company’s cash rose to $171.9 million following a $17.1 million gain on the at-the-market sales of its common and preferred stock over the same period.
Strive entered the corporate Bitcoin leaderboard through a September 2025 merger with Asset Entities. It expanded with an all-stock deal for Semler Scientific in January 2026. Bullish, on the other hand, is a digital-asset exchange operator led by the former president of the New York Stock Exchange, Tom Farley. It became a publicly traded Bitcoin treasury firm after it raised $1.1 billion in its August 2025 IPO. Strive maintained its Bitcoin buying despite taking a $257.6 million net loss for the quarter ended June 30, disclosed on August 10.
It related 94% of that drawdown to Bitcoin’s price struggles during that period and its stake in Strategy’s preferred shares. Ironically, the medical device sales business it took over with its Semler deal posted close to a 100% year-on-year revenue growth to $2.94 million. Cole has framed the balance sheet as built for this kind of volatility, telling investors the company stands debt-free with no margin requirements and no encumbered Bitcoin.
The post Strive passes Bullish to become the fifth-largest corporate BTC holder first appeared on Coinfea.

Hyperliquid prediction markets expanded with the launch of HIP-4, opening a new market category for outcome-based trading on the platform.
The rollout begins with curated providers, while a future update is expected to support permissionless prediction pair creation by third-party deployers.
The platform introduced seven initial prediction pairs as it moves into a sector led by Polymarket, Kalshi, and Robinhood’s prediction offering. Hyperliquid previously expanded third-party market creation through HIP-3, which supports tokenized securities and other externally deployed markets.
Prediction activity on Hyperliquid has already generated more than $300 million in total outcome volume. The new HIP-4 liquidity hub is expected to attract deployers that stake HYPE tokens before launching additional markets.
TradeXYZ Prepares New Hyperliquid Prediction Markets
TradeXYZ, a major HIP-3 deployer, is preparing to launch prediction markets under HIP-4. On-chain data shows a wallet linked to TradeXYZ recently staked and delegated HYPE after months without a new delegation.
Launching third-party prediction pairs requires a 500,000 HYPE bond. The delegated amount is sufficient to maintain the existing HIP-3 bond while supporting a future outcome market launch.
Based on delegation waiting periods, TradeXYZ may begin deploying markets from September 5. Outcome XYZ had already become the first party to unlock HIP-4 staking and prepare its initial markets.
Outcome XYZ prediction pairs moved to the top of Hyperliquid’s prediction market activity during the past day. Skew is also preparing deployments with support from HyperionDeFi, which will help stake the required 500,000 HYPE.
HIP-4 Builds on Hyperliquid’s Market Expansion
The HIP-4 rollout follows Hyperliquid’s broader effort to expand beyond crypto trading. HIP-3 previously allowed third parties to introduce tokenized securities and other markets while using Hyperliquid’s existing liquidity infrastructure.
Early prediction market deployments are increasing as providers compete for initial positioning. Hyperliquid currently supports more than 300 outcome-related pairs across its platform, while the next upgrade is expected to widen third-party issuance.
The development could increase the amount of HYPE committed to market deployment requirements. It also adds another liquidity category to an ecosystem already supporting multiple trading products and externally built applications.
HYPE Holds Near Peak Levels as Fees Rise
HYPE traded above $81, close to its all-time high, as activity across Hyperliquid remained elevated. Daily platform fees also rose above $3 million during August.
Hyperliquid’s HYPE trades near all-time highs, as the platform expands its influence over prediction markets. | Source: Coingecko
Hyperliquid’s token burn mechanism remains tied to platform fees, making higher activity relevant to HYPE’s supply dynamics. The network continues burning tokens as fee generation increases across active markets.
Liquidity has recently shifted toward crypto trading, while stock-related activity has slowed. That structure connects new applications directly with existing liquidity. Hyperliquid has also distributed more than $105 million to over 1,500 builder teams that deployed applications across its ecosystem and accessed platform liquidity with additional fees.
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Robinhood Chain recorded its strongest day since mainnet launched on July 1, reaching $874.8 million in decentralized exchange volume and 5,521,213 transactions on August 30.
DefiLlama data also showed the network exceeded Ethereum and Hyperliquid in 24-hour app revenue, trailing only Solana during the same period.
The milestone capped a sharp recovery from early August, when daily DEX volume had fallen to about $140 million after the launch-week surge faded. Over the following three weeks, activity climbed steadily and moved beyond the previous high recorded on July 11.
Source: Dune
Pons Family Drives More Than Half of Robinhood Chain Volume
Pons.family generated $445.98 million in token volume on August 30, accounting for roughly 51% of total trading activity across Robinhood Chain. The permissionless launchpad allows users to deploy fixed-supply tokens traded against WETH while charging a fee on each swap.
Source: Dune
The platform became the chain’s busiest token launchpad after Noxa stopped accepting new token launches on July 11. Its latest daily volume was nearly 2.6 times its mid-July peak and more than twenty times the level recorded in mid-August.
Competition increased after Uniswap Labs introduced Pools.trade on August 5. The Robinhood Chain launchpad offers zero platform fees and permanently locked Uniswap v4 liquidity. Pools.trade briefly surpassed Pons in token volume and daily token creation during its first 24 hours, but that lead did not continue.
Pons routes 80% of protocol fees into an automated TWAP buyback that sends PONS tokens to a burn address, according to its documentation. The team said on August 29 that 29% of the original one billion token supply had been retired.
Arcus Adds Leveraged Tokens and Stock Collateral
Arcus, the dYdX-built decentralized exchange backed by Robinhood Crypto, launched pTokens on August 25. The products convert leveraged perpetual accounts into transferable ERC-20 tokens, including pBTC3x and pHOOD3x.
Arcus also began accepting SPY, QQQ, and MAG7 stock tokens as collateral at 50% loan-to-value. The feature allows traders to use tokenized equity exposure as collateral without closing those positions.
The launch arrived as broader crypto markets strengthened. Bitcoin rallied after August 17 during a record $2.7 billion wave of short liquidations that Bloomberg described as the largest since records began in 2021. The move followed a White House crypto meeting and a US Treasury decision to double long-dated bond buybacks.
Bitcoin later reached nearly $81,500, while Ether gained almost 29% over the week and other altcoins advanced.
Record Leaves Robinhood Chain Facing a Durability Test
The July 11 high followed launch-week enthusiasm, while the August 30 record depended heavily on Pons.family, which produced half of chain-wide trading volume. Uniswap’s competing launchpad remained available with lower fees during the same period. This concentration distinguishes the latest record from July’s launch-driven activity.
The next measure for Robinhood Chain is whether transaction activity and DEX volume remain elevated without Pons.family carrying such a large share of network trading.
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Upbit remains South Korea’s leading crypto exchange, recording about $1.04 billion in 24-hour spot trading volume as activity rises.
The Dunamu-operated platform handled more spot trading than Bithumb, Coinone and Digital X combined. Bithumb posted $632.6 million, Coinone $67.9 million, and Digital X, formerly Korbit, close to $11 million.
Bitcoin’s late-August rise above $80,000, its first since mid-May, helped draw Korean retail traders back to local exchanges.
Upbit Maintains Lead in South Korean Crypto Trading
Upbit launched in October 2017 and holds South Korea’s first virtual asset service provider license. It lists more than 180 tokens, while Bithumb, founded in 2014, offers over 440 assets.
Before the August 20 rally, Upbit’s daily turnover ranged between 300 billion and 600 billion won. By Saturday afternoon, volume reached 4.61 trillion won, nearly ten times the week-earlier level, while Bithumb exceeded 2 trillion won.
Upbit’s trading volume rose 273% in one day to about $1.84 billion, marking its busiest session since mid-March. XRP was the most-traded token on both Upbit and Bithumb.
Presto Research analyst Min Jung described Korean traders as “return-chasers” who buy assets already moving higher.
Korean Crypto Exchanges Recover After Weak First Half
South Korea’s four largest crypto exchanges lost nearly 500 billion won, or $364 million, combined during the first half of 2026. Falling cryptocurrency prices reduced exchange-held asset values, while weaker activity cut fee income.
Trading fees accounted for 96.91% of Dunamu’s first-half revenue, which fell by half from the previous year. Dunamu’s operating profit declined 79.7% year-on-year, while Bithumb’s dropped 83.4%.
First-half trading across Korean exchanges fell 54.6% from a year earlier to $366.58 billion. Capital moved into South Korea’s stock market, which reached record highs with strong performances from Samsung and SK Hynix.
Smaller Exchanges Use Zero Fees to Challenge Upbit
With activity returning, smaller exchanges are waiving fees to attract traders and gain market share from Upbit.
Coinone removed trading fees on all listed coins until further notice, while Digital X introduced marketwide zero-fee trading through August 2027.
Digital X’s average hourly volume rose 36 times, from 270 million won to 9.8 billion won. However, 87% came from RLUSD trading during an event distributing the stablecoin to large traders.
Coinone’s hourly volume tripled to 8.2 billion won after fees were removed, but trading quickly returned to normal levels.
Bithumb ran a 68-day fee-free campaign last year, but its market share never exceeded 30%. It launched another seven-day campaign in February.
Upbit and Bithumb waive fees only on selected tokens. Upbit removed charges on stablecoins including Tether, or USDT-USD, starting July 26.
Digital X’s parent company, Mirae Asset Financial Group, is in talks to buy Korbit for up to 140 billion won, or $97.5 million.
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Solana validators narrowly approved a proposal to double the network’s annual disinflation rate. It cleared the two-thirds supermajority by just 0.33 percentage points after Kraken flipped most of its stake from no to yes in the last hours. SGP-0002, Double Disinflation, passed with 67% support against 25.16% opposition and 7.84% abstentions, on a turnout of 60.7% of eligible stake.
Support was just above the 66.67% bar that the measure needed to pass. Both supply proposals were turned down by Kraken at 12:33 UTC on August 28. This put SGP-0002 below the supermajority with just less than three hours to go until the count stopped at 15:00 UTC for epoch 1024. Earlier that morning, support stood at 68.77%, with about 47.72% of eligible stake having voted. Kraken’s no vote knocked support down to about 65%. Then Kraken moved again. By the close, the proposal had the support of over 90% of the US exchange’s ~8.9 million SOL of voting stake.
Solana proposal narrowly passed by 0.33%
The plan, tied to SIMD-0550, would double the yearly disinflation rate on Solana from 15% to 30% but keep the network’s long-term inflation target at 1.5%. Under the old path, Solana would hit its 1.5% terminal rate in about 5.7 years, but now it will hit it in about 2.8 years. This is an estimated 18.9 million fewer SOL entering circulation over the next six years. The positive side is less dilution for SOL holders, but the downside is lower staking rewards for validators and delegators.
Figment, which had 17.1 million SOL in the finalized governance data, voted against the proposal, while Helius and Jupiter voted for it. Other prominent custodial stakers opposed at least SGP-0002, including Everstake and P2P Validator. Since custodial exchanges get paid when new SOL is issued, disinflation that happens faster means that the APY goes down faster and less money comes in. That logic is “mathematically nonsense,” said Mert Mumtaz, CEO of Helius and a co-author of the proposals, in an X post.
He said any advance in price from slower supply growth would be bigger than the saved yield. Solana Company, a Nasdaq-listed treasury company that trades under the symbol HSDT, said on August 21 that it supports the Solana Constitution but opposes both supply proposals. Reopening the inflation schedule introduces doubt into the multi-year models that institutions use, the firm said. SGP-0002 was one piece of Solana’s first binding governance process. The Solana Constitution, SGP-0001, passed with 85.97% support.
SGP-0003 failed with 53.90% support. The fee change under SIMD-0553 would have made transactions pay for the computing power they book, and burned part of what they paid. The rejection means SOL burns will remain around 650 SOL per day. This is in contrast to the 7,500 to 9,000 SOL, ~$800,000 a day at current prices, that the fee change would have generated. SOL was trading at about $104, down about 5.2% on the day, according to data from CoinGecko. Both rejected supply proposals may be resubmitted without any cooling-off period. But supporters would have to win over custodians who have now gone on the record with their objections.
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