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The Block is a leading global information services brand in the digital asset space, delivering objective, impactful, and timely information through its three pillars: news, research, and data. Founded in 2018 and now majority-owned by Foresight Ventures, the platform empowers investors, technologists, and policymakers to make smart decisions by providing deep insights into the evolving landscape of digital assets and their interaction with traditional finance.
Perpetual contract platform RWAperp completes $2 million in financing
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
India's Securities and Exchange Board: Three institutions raise $1.072 billion through tokenized corporate bonds
Odaily reports: The Securities and Exchange Board of India (SEBI) stated that under the Demat 2.0 pilot, three issuers have raised a cumulative 102.5 billion rupees (approximately $1.072 billion) through tokenized corporate bonds. The pilot utilizes distributed ledger technology to issue, hold, and settle corporate bonds.Among them, REC was the first to complete a 50 billion rupee fundraising on September 7, with 18 investors participating; L&T raised 50 billion rupees on September 9, subscribed by 4 investors; IIFL raised 2.5 billion rupees on the same day, subscribed by 1 investor.SEBI stated that Demat 2.0 records corporate bonds as native digital tokens on depository institutions' distributed ledgers, and connects to wholesale central bank digital currency (CBDC) through the Reserve Bank of India's (RBI) Unified Market Interface, enabling atomic settlement of bonds and funds, which is expected to shorten post-issuance fund settlement time from the traditional 2 to 3 days to same-day.SEBI emphasized that tokenized bonds do not constitute a new category of corporate bonds, and their ISIN, issuer obligations, coupons, maturity dates, covenants, ratings, and investor rights remain consistent with traditional electronic corporate bonds. Currently, the first phase of the pilot is aimed at institutional issuance, with secondary trading and retail investor participation to be advanced in subsequent phases. (The Block)
DeFi Development Corp plans to issue $20 million in preferred stock to increase its SOL holdings.
According to The Block, Nasdaq-listed Solana treasury company DeFi Development Corp (ticker: DFDV) announced plans to publicly offer up to $20 million in Variable Rate Series C Perpetual Preferred Stock, with a par value of $10 per share, an initial annual dividend rate of 13%, and the first dividend payment date set for October 1, 2026. The company plans to use the proceeds to purchase additional SOL and other crypto-related assets. Currently, the company holds approximately 2.33 million SOL, having increased its holdings by around 19,000 at an average price of $98.14 last week. DFDV shares rose 8.03% on Monday to $5.38, posting a cumulative gain of 110% over the past month; SOL appreciated approximately 41% during the same period, currently trading at $103.3.
PURR price rises 15%, Hyperliquid Strategies discloses $1.9 billion HYPE reserve
Odaily News - PURR, a token related to the Hyperliquid ecosystem, rose approximately 15% after Hyperliquid Strategies published its "HYPE Treasury" and balance sheet updates.According to the disclosure, Hyperliquid Strategies has completed a $647 million equity financing round and increased its HYPE token reserve to 29.3 million tokens, valued at approximately $1.9 billion based on fiscal year-end prices—more than doubling from its previous size.The company stated that it subsequently invested an additional $773.4 million to acquire approximately 16.5 million HYPE tokens at an average purchase price of $46.77. The company said the continued expansion of its HYPE holdings is aimed at building a "fortress balance sheet" to strengthen long-term support for the Hyperliquid ecosystem.Market observers believe that sustained institutional allocation to HYPE assets has further reinforced expectations regarding the Hyperliquid ecosystem's value-capture capabilities, driving related ecosystem tokens like PURR higher. (The Block)
Coinbase opens crypto-backed mortgage service to Coinbase One members
Odaily News Crypto exchange Coinbase and digital mortgage company Better Mortgage have announced the full rollout of token-backed conforming mortgages for Coinbase One members, allowing eligible borrowers to use crypto assets as collateral in the home buying process.The product became available to Coinbase One members on August 12. The two companies first announced their partnership in March of this year, with the first mortgage loan under this program designed within the framework of a Fannie Mae-compliant conforming mortgage. According to the announcement, Coinbase One members who qualify for Better's mortgage products can receive a lender credit equal to 1% of the loan amount, up to a maximum of $10,000. This credit can be applied toward mortgage closing costs and is available for standard mortgages, home equity lines of credit (HELOCs), and refinancing products. (The Block)
RockawayX Acquires Relayer Capital, Plans to Raise $150 Million to Expand Active Investment Business in the U.S.
According to The Block, crypto investment firm RockawayX announced the acquisition of crypto hedge fund Relayer Capital to integrate long/short and pairs trading strategies into its existing business and expand its presence in the U.S. market. Relayer will be renamed the RockawayX Liquid Opportunities Fund, focusing on investments in undervalued liquid tokens and crypto-related stocks; its founder, Austin Barack, will serve as the fund's CIO. RockawayX currently manages approximately $2 billion in assets, and the new fund plans to raise $150 million.
Bernstein: Progress on the CLEAR Act exceeds market expectations, with any positive surprises remaining unpriced.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Block Applies to Establish National Trust Bank, Plans to Provide Bitcoin and Stablecoin Custody Services
According to The Block, Jack Dorsey-founded payment company Block has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish an uninsured national trust bank named Builders Bank & Trust, N.A. If approved, the bank would provide custody and other trust services, covering Bitcoin and stablecoins. Block stated that this federal charter will establish a federal regulatory framework for some of its custody and related businesses.
Ethereum plans to achieve a quantum-safe L1 by 2029, with the Hegotá upgrade roadmap taking shape.
According to The Block, the Ethereum Foundation Protocol Cluster has released a list of EIP ratings for the upcoming Hegotá upgrade, setting December 2029 as the target milestone for achieving full quantum resistance. The two S-tier (mandatory delivery) proposals for the upgrade are: FOCIL (EIP-7805) at the consensus layer, which enhances censorship resistance by requiring validator committees to enforce the inclusion of public mempool transactions; and framework transactions (EIP-8141) at the execution layer, which natively integrates account abstraction, supporting custom signatures, sponsored gas, and batch operations to improve security and quantum resistance. The Ethereum Foundation stated that this timeline aligns with the independent migration targets of Google, Cloudflare, and Microsoft, and the December 2029 deadline will be considered non-negotiable prior to January 2027. Hegotá is not the final quantum-safe fork, but rather a critical milestone determining whether subsequent upgrades can proceed on schedule. From the Q4 2026 Glamsterdam upgrade to December 2029, the average fork cycle is only about 7.2 months, leaving extremely limited execution slack.
Crypto companies urge SEC to expedite ETF review, Grayscale demands 45-day response commitment
According to The Block, multiple crypto companies are actively lobbying the U.S. Securities and Exchange Commission (SEC) to expedite the ETF review process and allow the submission of confidential draft filings. Among them, Grayscale has explicitly requested that SEC staff commit to responding within 45 days. However, Jane Street and Charles Schwab have expressed reservations regarding this, voicing concerns about rushing the listing process and the confidential filing mechanism.
Wyoming Expands Partnership with Chainlink to Introduce On-Chain Reserve Verification for FRNT Stablecoin
According to The Block, the Wyoming Stable Token Committee announced the adoption of Chainlink Proof of Reserve to provide near-real-time on-chain reserve validation for its official stablecoin, Frontier Stable Token (FRNT). The Network Firm will audit FRNT reserves in accordance with AICPA standards, while Chainlink will post verification data on-chain in real time to bridge information gaps between reporting cycles. Previously, Wyoming fully migrated FRNT from LayerZero to Chainlink CCIP last month as its sole cross-chain infrastructure. The committee is also advancing the Chainlink Proof of Reserve Secure Mint feature, which requires verifying that reserves do not fall below FRNT's total supply before minting new tokens to prevent infinite minting attacks. FRNT launched in January this year and is the United States' first government-issued stable token, backed by U.S. dollars and short-term U.S. Treasuries.
Ethena launches payment app Ethena Pay on Avalanche, offering up to 6% yield and 10% cashback
According to The Block, Ethena Labs has officially launched the beta version of its self-custody payment app, Ethena Pay, built on Avalanche, which is now available in 48 countries including Brazil, Japan, Singapore, and Kenya. Users can receive funds via IBAN or cryptocurrency, hold balances in USDe, and benefit from fee-free instant global transfers. The app features three membership tiers: Standard (free), Pro (requires locking $2,000 worth of ENA or inviting 10 users), and VIP (requires locking $10,000 worth of ENA or inviting 50 users), offering respective annual yields of 5%, 6%, and 6%, with balance caps of $5,000, $15,000, and $50,000. The Ethena Pay card provides a 4%–5% base cashback (settled in AVAX), while Pro and VIP users enjoy up to 10% exclusive cashback at brands such as Uber, Spotify, and Claude. The backend infrastructure is powered by Iron, a subsidiary of MoonPay. Markets including the United States and the European Union were not part of the initial launch and will be progressively rolled out once regulatory compliance is achieved.
Bernstein: Progress on the CLEAR Act exceeds market expectations, with any positive surprises remaining unpriced.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Analysis: Bitcoin's 23% Weekly Surge Sparks Bull Market Resurgence Expectations, Short Squeeze and Bessent Policy Catalysts May Usher in a New Cycle
Odaily News Bitcoin has rebounded strongly recently. Analysts believe that record-breaking short squeeze activity, along with policy signals from U.S. Treasury Secretary Scott Bessent, may be pushing the market into a new phase of bull market cycle adjustment.Data shows that Bitcoin has risen approximately 23% over the past week, marking its largest weekly gain since the post-U.S. election rally in November 2024. Crypto market trading activity has also recovered in tandem, with spot and perpetual contract trading volume surging 188%. CME Bitcoin futures volume rose 152%, and the annualized futures basis climbed to 11.1%—the highest level since January 2025. Additionally, Bitcoin ETF products recorded net inflows of approximately 31,740 BTC over the week, the strongest capital inflow since the market peak in October 2025.Vetle Lunde, Head of Research at crypto research firm K33 Research, stated that the early phase of this rally was primarily driven by short covering. On August 19, Bitcoin short positions saw a single-day liquidation scale of $1.37 billion, a record high, followed by another $739 million in short liquidations on August 21. The massive short squeeze pushed open interest in perpetual contracts down to 284,000 BTC, the lowest level since May, while market funding rates also returned to neutral.On the macro front, policy signals from U.S. Treasury Secretary Scott Bessent regarding increased long-term Treasury buybacks are also viewed by analysts as a market catalyst. K33 believes that the Treasury buyback program could lower long-term interest rates and boost demand for scarce assets. Meanwhile, Bitcoin's correlation with gold has risen, with the 90-day correlation coefficient reaching 0.52—the highest since October 2020—while its correlation with the Nasdaq index has declined to 0.38, a one-year low.Matt Hougan, Chief Investment Officer at crypto investment firm Bitwise Asset Management, believes that Bessent's recent remarks on sanctions against Iran's financial network have further strengthened Bitcoin's investment thesis: as the global financial system becomes increasingly influenced by geopolitics, the value of assets that are decentralized and do not rely on any single nation's financial system may appreciate further. (The Block)
Bernstein analysts assign Circle an “Outperform” rating with a $140 price target
Odaily News: Bernstein analysts have assigned Circle an “Outperform” rating with a price target of $140, noting that its growth cycle does not depend on the progress of the Clarity Act. The analysts pointed out that USDC supply grew by $1.7 billion over the past week, and the stablecoin trading volume market share continues to expand. (The Block)
Upbit Trading Volume Surges 273% in a Single Day as Korean Investors Return to the Crypto Market
According to The Block, South Korea's largest cryptocurrency exchange Upbit saw a 273% surge in trading volume over the past 24 hours, reaching approximately $1.84 billion and marking its highest single-day level since mid-March. XRP was the most traded cryptocurrency on the platform, with approximately $419 million in volume, followed by Bitcoin, USDT, and Ethereum.
Bernstein Issues Divergent Ratings on Bitcoin Miners' AI Transition: Positive on CleanSpark's Execution, MARA Awaiting Key Contract
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)
Bernstein Backs Circle: Q2 Results Ease Competition Concerns, Maintains $140 Price Target
Odaily Odaily News: Wall Street investment firm Bernstein has reaffirmed its "Outperform" rating on stablecoin issuer Circle Internet Financial, maintaining a $140 price target.Bernstein stated that Circle's second-quarter performance effectively addressed previous market concerns regarding intensifying stablecoin competition and the growth potential of reserve asset income. Analysts believe that Circle's expanding partnerships, regulatory licensing progress, and the upcoming Arc blockchain project will bring new revenue streams to the company—growth drivers that are not yet fully reflected in current market expectations.As the stablecoin market continues to expand, Circle is expected to further broaden its business model through payment infrastructure, on-chain financial services, and ecosystem collaborations, with its future growth potential still underestimated by the market. (The Block)
Wyoming Expands Partnership with Chainlink to Introduce On-Chain Reserve Verification for FRNT Stablecoin
According to The Block, the Wyoming Stable Token Committee announced the adoption of Chainlink Proof of Reserve to provide near-real-time on-chain reserve validation for its official stablecoin, Frontier Stable Token (FRNT). The Network Firm will audit FRNT reserves in accordance with AICPA standards, while Chainlink will post verification data on-chain in real time to bridge information gaps between reporting cycles. Previously, Wyoming fully migrated FRNT from LayerZero to Chainlink CCIP last month as its sole cross-chain infrastructure. The committee is also advancing the Chainlink Proof of Reserve Secure Mint feature, which requires verifying that reserves do not fall below FRNT's total supply before minting new tokens to prevent infinite minting attacks. FRNT launched in January this year and is the United States' first government-issued stable token, backed by U.S. dollars and short-term U.S. Treasuries.
StarkWare Completes First Quantum-Resistant Bitcoin Transaction, Says Protocol-Level Upgrades Still Needed
According to The Block, StarkWare announced it has successfully executed the first post-quantum Bitcoin transaction. Avihu Levy, Head of Applications, used a "signature grinding" approach to repeatedly generate millions of candidate signatures before the transaction entered the Bitcoin mempool, thereby avoiding the exposure of mathematical data related to public keys that could be exploited by future quantum computers to forge signatures. This method incurs significant computational costs, with a single transaction potentially taking several hours. Because the transaction format is unrecognized by standard Bitcoin nodes, it bypassed the public mempool and was submitted directly to miners for inclusion via MARA’s Slipstream service. StarkWare noted that while this technique can serve as a transitional safeguard, Bitcoin will still require protocol-level upgrades or a hard fork to systematically mitigate quantum computing threats.
TRM Labs: AI Applications in Crypto Crime Grew by 40% Over the Past Year
According to The Block, TRM Labs' latest report shows that AI applications in cryptocurrency crime grew by 40% year-over-year over the past year, primarily driven by fraud activities. In the first half of 2026, digital asset hacking incidents reached 201, a new record high, with approximately 75% of the losses concentrated in just 4% of the incidents. North Korean-linked activities caused approximately $600 million in losses, accounting for 61% of the total losses in the first half of the year. TRM Labs noted that AI has not created new types of crime, but has significantly lowered the barrier to criminal activity and expanded the scale of attacks.
BTCPay Server Hit by Critical Vulnerability Exploit, Supporters Launch Up to 3 BTC Bounty to Recover Stolen Funds
According to The Block, open-source Bitcoin payment processor BTCPay Server disclosed a critical security vulnerability being actively exploited last Friday and urgently requested users to upgrade to version 2.4.2. The vulnerability affects all versions prior to 2.4.2; attackers can use it to steal administrator macaroon authentication credentials of LND nodes, thereby fully controlling the connected Lightning Network wallets. Users such as Foundation and Citadel21 have confirmed that their Lightning node funds were drained, but BTCPay has not publicly disclosed the total amount stolen or the number of affected nodes. Currently, the official release version 2.4.2 has fixed this vulnerability, and on-chain hot wallets are not affected. The BTCPay Server Foundation has donated 0.21 BTC each to security researcher Craig Raw and Bitcoin Red Team to commend their responsible private disclosure of the vulnerability. Meanwhile, BTCPay supporters have promised to provide a bounty incentive of "10% of recovered funds," capped at 3 BTC.
The crypto industry lost approximately $110 million due to hacker attacks in July
According to The Block, latest data from Immunefi shows that the crypto industry lost approximately $110 million due to hacker attacks in July 2026. During the same period, the platform paid researchers $2.32 million for confirmed vulnerability reports, and the number of confirmed and paid bug bounty reports increased by 18% month-over-month.
Crypto Violent Heists Exceed $30 Million in 2026, France Becomes a Hard-Hit Area
According to The Block, data from blockchain analytics firm Chainalysis shows that violent robberies targeting cryptocurrency holders in the first half of 2026 have resulted in losses exceeding $30 million. If the trend continues in the second half, the full-year total will surpass the historical peak of $58 million in 2025. France has become the world's largest "Wrench Attack" hotspot, with 30 public cases recorded in the first half of 2026, while the French Minister of the Interior stated that actual cases exceed 70. Chainalysis attributes this to the 2024 French tax authority data breach—a tax official was suspected of stealing and selling the names, addresses, holdings, and tax records of high-net-worth crypto holders, causing the attack frequency to surge from a monthly average of 1.9 in 2025 to a monthly average of 4.6 in the first half of 2026. Attack methods have also deteriorated; cases targeting family members rather than the holders themselves now account for over 40% of French cases, and the proportion of home invasions rose from 14% in 2025 to 37%. Stolen funds are typically quickly moved on-chain, with some laundered through tools such as decentralized exchanges and cross-chain bridges; advanced criminal networks are even linked to cartel money laundering and terrorist financing channels.
Perpetual contract platform RWAperp completes $2 million in financing
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
Bernstein: Progress on the CLEAR Act exceeds market expectations, with any positive surprises remaining unpriced.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Uniswap Launches StablePair Hook to Optimize Stablecoin Trading Revenue with Dynamic Fees
According to The Block, Uniswap Labs has launched the StablePair Hook, a stablecoin pair tool designed for Uniswap v4, supporting trading pairs such as USDC/USDT and USDC/USDG. The tool utilizes a dynamic fee mechanism that adjusts trading fees when the pool price deviates from the reference price, helping liquidity providers retain more value generated by stablecoin arbitrage and price reversion. The initial StablePair Hook pools will launch on Ethereum and can be upgraded via Uniswap governance.
MoneyGram Launches Its First Stablecoin Visa Card in Colombia, Initially Supporting USDC
Odaily News — Global payments company MoneyGram has launched its first stablecoin Visa card in Colombia, developed with assistance from stablecoin payment infrastructure company Rain. The card is currently available in digital form, allowing users to hold U.S. dollar stablecoin balances within the MoneyGram app and make online and offline payments through the Visa network. Users can also convert their balances into local cash and withdraw at MoneyGram locations. The card initially supports USDC, and MoneyGram plans to add its own stablecoin MGUSD in the near future. The company also plans to launch a physical card by the end of 2026 and expand its business to other Latin American markets first. (The Block)
Anchorage Digital supports Robinhood Chain asset custody.
According to The Block, Anchorage Digital has added support for Robinhood Chain, enabling institutional investors to custody tokens, tokenized debt securities, and real-world assets issued on the layer-2 network through this federally chartered crypto bank.
Vitalik pushes for EIP-8288 to be included in the Ethereum I-star fork, focusing on low-cost quantum-safe transactions.
According to The Block (@TheBlockCo), Vitalik Buterin is actively pushing to incorporate EIP-8288 (a recursive STARK memory pool draft released this June) into Ethereum's I-star fork upgrade following the Hegota fork. The proposal aims to reduce the cost of quantum-safe transactions, with its core approach moving signature and proof computation out of Ethereum's core execution path while keeping proof data on-chain.
Related news
ARK Invest reduces stakes in Coinbase, Circle and other crypto-related stocks on Monday
According to The Block, Cathie Wood's Ark Invest significantly trimmed multiple holdings on Monday amid a rally in crypto-related stocks, including Coinbase, Circle, Bullish, and Bitmine. The firm sold $7 million worth of Coinbase stock, $13.87 million worth of Circle stock, $3.96 million worth of Bitmine stock, and $687,700 worth of Bullish stock. Additionally, Ark Invest sold $40 million worth of Ark 21Shares Bitcoin ETF (ARKB).
Perpetual contract platform RWAperp completes $2 million in financing
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
Bernstein: Progress on the CLEAR Act exceeds market expectations, with any positive surprises remaining unpriced.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Caroline Ellison, former girlfriend of SBF, has joined the non-profit organization Manifund, where she will be responsible for developing a funding platform and participating in charitable projects.
According to The Block, Caroline Ellison, former girlfriend of FTX founder SBF and ex-CEO of Alameda Research, has joined the nonprofit Manifund to develop its funding platform and participate in charitable projects. Ellison began participating under the alias “Carol” in July and officially transitioned to a full-time role in August. Ellison was once SBF’s core business partner and had a romantic relationship with him. Following the collapse of FTX, she pleaded guilty to charges including fraud and conspiracy, and served as a key witness for the prosecution, testifying against SBF. Ellison began serving her sentence in November 2024 and was granted early release in January 2026. Manifund primarily funds projects related to AI safety and effective altruism.
India's Securities and Exchange Board: Three institutions raise $1.072 billion through tokenized corporate bonds
Odaily reports: The Securities and Exchange Board of India (SEBI) stated that under the Demat 2.0 pilot, three issuers have raised a cumulative 102.5 billion rupees (approximately $1.072 billion) through tokenized corporate bonds. The pilot utilizes distributed ledger technology to issue, hold, and settle corporate bonds.Among them, REC was the first to complete a 50 billion rupee fundraising on September 7, with 18 investors participating; L&T raised 50 billion rupees on September 9, subscribed by 4 investors; IIFL raised 2.5 billion rupees on the same day, subscribed by 1 investor.SEBI stated that Demat 2.0 records corporate bonds as native digital tokens on depository institutions' distributed ledgers, and connects to wholesale central bank digital currency (CBDC) through the Reserve Bank of India's (RBI) Unified Market Interface, enabling atomic settlement of bonds and funds, which is expected to shorten post-issuance fund settlement time from the traditional 2 to 3 days to same-day.SEBI emphasized that tokenized bonds do not constitute a new category of corporate bonds, and their ISIN, issuer obligations, coupons, maturity dates, covenants, ratings, and investor rights remain consistent with traditional electronic corporate bonds. Currently, the first phase of the pilot is aimed at institutional issuance, with secondary trading and retail investor participation to be advanced in subsequent phases. (The Block)
Uniswap Launches StablePair Hook to Optimize Stablecoin Trading Revenue with Dynamic Fees
According to The Block, Uniswap Labs has launched the StablePair Hook, a stablecoin pair tool designed for Uniswap v4, supporting trading pairs such as USDC/USDT and USDC/USDG. The tool utilizes a dynamic fee mechanism that adjusts trading fees when the pool price deviates from the reference price, helping liquidity providers retain more value generated by stablecoin arbitrage and price reversion. The initial StablePair Hook pools will launch on Ethereum and can be upgraded via Uniswap governance.