Latest Crypto News & Market Updates

SoFi Partners With Kraken On Crypto Trading

SoFi Technologies and Payward, the parent company of Kraken, announced a strategic partnership on September 3 that connects banking, payments and digital asset markets. Under the agreement, Kraken will list SoFiUSD, the bank-issued stablecoin from the nationally chartered bank, while SoFi routes its digital asset order flow through Kraken Prime for trade execution, according to the Kraken announcement.　　How the Partnership Works　　Payward is joining the SoFi Exchange Network‘s real-time settlement rails, the announcement said. Kraken Prime’s institutional and business clients will also gain access to SoFis Big Business Banking and its SEN settlement network, giving them a regulated banking partner that settles fiat in real time, 24 hours a day. Qualified custody capabilities are expected to follow as the relationship grows.　　SoFi counts 15.8 million members, and the app already lets users buy and sell crypto. By routing that order flow through Kraken Prime, those trades now reach a deeper pool of liquidity rather than filling against a single order book. SoFi operates as a nationally chartered bank, so the tie-up pairs a regulated banking franchise with Krakens institutional trading stack.　　Kraken Primes Execution Model　　Kraken Prime, launched in 2025, uses a smart order routing system that reads pricing and depth across supported venues

09-05Industry

Grayscale Names 3 Blockchains Leading the Tokenized Stock Boom

Robinhood Chain, BNB Chain, and Solana handled most tokenized stock trading last week, Grayscale said in a research note published Thursday. Weekly spot volume for the sector peaked near $3 billion in early August.　　Those numbers show tokenized equities have found buyers. Almost none of that money, however, does anything else on-chain once a trade settles.　　Sponsored　　Sponsored　　Grayscale Names Robinhood Chain, BNB and Solana as Tokenized Stock WinnersTokenized Stock Trading Runs Ahead of Onchain Utility　　Tokenized stocks are blockchain tokens that track a listed share price without handing the buyer the share itself. Trading them is easy. Doing anything else with them is not.　　About 5% of the tokenized equity market is put to work in on-chain finance, according to the note. Grayscale research head Zach Pandl tied that to what investors actually want, which is round the clock trading and access from anywhere.　　Value locked in tokenized stocks passed $110 million in late August, Grayscale said in a post citing on-chain data from Allium. That sits far below the billions changing hands every week.　　$HOOD, $BNB, and $SOL are leading chains for tokenized equity trading by volume.　　Weekly spot volume has already reached $3B, with onchain Total Value Locked (TVL) surpassing $110M. Tokenized equities are growing fast.　　Read

09-05Industry

CLARITY Act Gets a Boost as Sheriffs Drop Opposition

The NSA officially changed its CLARITY Act position from opposition to neutral.The group said important details of the legislation are still under consideration.Its previous opposition had complicated efforts to secure Democratic support.Restrictions on government officials profiting from crypto remain a larger political hurdle.　　The National Sheriffs Association (NSA) has dropped its opposition to the CLARITY Act, removing a law enforcement obstacle that had complicated efforts to build bipartisan support for the landmark U.S. crypto market structure bill. In a September 3 letter to Senate leaders, the NSA changed its position to neutral and said Congress should be allowed to continue negotiations on the regulatory framework. The move could help with Democratic votes, but disputes over government ethics and other provisions remain unresolved.　　Sheriffs Step Aside Rather Than Endorse the Bill　　The NSAs September 3 letter provides a more nuanced signal than a straightforward endorsement.　　Addressed to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the organization acknowledged that the CLARITY Act is attempting to regulate a market that has operated without sufficient oversight and credited Congress, the administration and other stakeholders for working through its legal and enforcement implications.　　But the group stopped short of saying the legislation is ready for passage.　　“Given the

09-05Industry

A Base Traffic Spike Crowded Robinhood Chain Out Of Ethereum's Blob Space

Robinhood Chains batches stopped reaching Ethereum for 14 minutes across an 18-minute stretch on Friday, the longest single gap 8 minutes 36 seconds. Its own blocks never stopped.　　A surge of transactions on Base filled Ethereum‘s market for temporary data storage on Friday and crowded Robinhood Chain out of it, leaving Robinhood’s network unable to deliver its transaction batches to Ethereum for 14 minutes.　　Robinhood Chain buys more of that space than any other network. Posting the batches is what lets anyone reconstruct the chain and check it, and what allows funds to leave for Ethereum. Today, the largest buyer of Ethereums data capacity was the one left waiting when the capacity ran short.　　Base‘s blocks filled at 12:30 UTC and its batcher began posting to Ethereum four times as often. Ethereum blocks hit their 21-blob ceiling and the blob base fee climbed 27-fold inside half an hour. Robinhood Chain’s batch poster went 8 minutes and 36 seconds without landing a batch, then another 5 minutes and 24 seconds, and quadrupled its fee bid to get back in. Its own blocks never stopped, so traders in the Robinhood app saw nothing.　　Arbitrum addressed the incident on Friday afternoon, after posts on X reported that

09-05Industry

Why 89% of tokenized RWAs remain idle in a $34.6B market

The tokenized real-world asset market has reached $34.6 billion onchain, but only $3.79 billion has been deployed in protocols, leaving about 89% of issued value idle.　　SummaryRoughly 11% of the $34.6 billion tokenized RWA market is deployed in protocols.BlackRock‘s BUIDL, Franklin Templeton’s BENJI and Circles USYC all have utilization below 1%.JAAA and reUSD have utilization rates above 97%, according to DeFiLlama.Falcon Finance examines legal claims, redemptions, liquidity, pricing, and credit quality before accepting RWA collateral.　　DefiLlama data shows a sharp difference between the value of tokenized assets issued onchain and the amount being used inside decentralized finance protocols.　　BlackRock‘s BUIDL has a utilization rate of 0.64%, while Franklin Templeton’s BENJI stands at 0% and Circle‘s USYC at 0.52%, according to the platform. Each product gives holders exposure to yield-bearing assets, but little of their issued value has moved into the protocols covered by DefiLlama’s utilization measure.　　Products created for use as collateral show a different pattern. Centrifuge‘s tokenized Janus Henderson Anemoy AAA CLO Fund, known as JAAA, has reached 97.97% utilization, while Re Protocol’s reUSD stands at 97.87% and Maple Finances SyrupUSDT at 88.84%.　　You might also like:　　Robinhood Chain RWA volume hits $390M as memecoin stock pairs surge　　Artem Tolkachev, chief RWA officer at Falcon Finance,

09-05Industry

Balancer Gives Hacker Sept. 8 Deadline to Return Funds or

Balancer has given the operator of a wallet linked to its Aug. 31 exploit until Sept. 8 to return the stolen funds or face further action.　　The warning, posted on-chain Sept. 3, offers a bounty for funds returned to the Balancer DAO multisig. The operator must respond through Blockscan by 21:00 UTC.　　If the attacker does not cooperate, Balancer said it will escalate its response, potentially using technical, on-chain and legal measures.　　Balancer Offers Bounty for Fund Recovery　　“We understand this wallet is linked to the exploit of Balancer V1 on Aug. 31st, 2026,” the protocol said in the notice.　　Related: Trezor Confirms 67,000 More US Users Impacted in ShipMonk Leak　　Balancer said it prefers to resolve the matter without escalation and would avoid legal action if the funds are returned. It also offered the bounty to anyone who provides information that helps recover the assets.　　Security firm SlowMist estimated the loss at about $234,000, citing issues involving WBTC reserves and rounding calculations in Balancer V1.　　The incident adds to Balancers security challenges. In November, the protocol reported an exploit that drained about $128.6 million from its vaults.　　Balancers Current Position　　Balancer V3 now holds about $29.4 million in total value locked, down sharply from more than $400 million at

09-05Industry

Mexican Billionaire Says Bitcoin Will Hit $1.86 Million. Whats His Logic？

Mexican billionaire Ricardo Salinas Pliego renewed his long-term Bitcoin thesis this week, pointing to golds total market value as the benchmark that could eventually send BTC toward $1.86 million per coin.　　In a post on X, the Grupo Salinas founder argued that reaching parity with gold‘s market capitalization would require exactly that price. He also mentioned that Bitcoin’s adoption curve is still very early.　　Salinas Pliegos Long-Running Gold Comparison　　This is not a new theme for Salinas. Back in October 2025, after gold became the first asset to reach a $30 trillion market cap, he predicted Bitcoin would need to rise at least 14 times, to around $1.516 million, just to match golds valuation before continuing to outperform it.　　“If bitcoin were to achieve parity with gold market value, it would have to go up in price to $1.86 million per bitcoin. BTC = $1,860,000 USD It is still very early,” Salinas Pliego said on X.　　Follow us on X to get the latest news as it happens.　　Bitcoin Priced in Gold Ounces. Source: X/@RicardoBSalinas　　He has consistently framed Bitcoin as superior digital gold: more portable, harder to manipulate, and free from the physical storage and verification issues that come with the metal.　　Salinas holds the majority of

09-05Industry

Trump‘s Capital ’Vanity Projects Reach Estimated $1.4 Billion—With Imminent Arch Groundbreaking

Topline　　The Trump administration announced it will break ground on a 250-foot triumphal arch near Arlington Cemetery within the next two weeks—the latest among a series of costly Capitol renovations under President Donald Trump.　　The motorcade with President Donald Trump drives in the Lincoln Memorial Reflecting Pool after a visit to see the new blue protective coating being applied as part of a renovation project on May 7, 2026, in Washington. (Photo by Alex Brandon – Pool/Getty Images)　　Pool　　Key Facts　　Interior Secretary Doug Burgum said in a social media post on Thursday that excavation work would begin in the next two weeks.　　The arch, which will look similar to, but be taller than, the Arc de Triomphe in Paris, would sit at Memorial Circle on Columbia Island between the Lincoln Memorial and Arlington National Cemetery.　　The Commission of Fine Arts, which is composed of Trump appointees, approved Trumps plans for the arch in May, despite his administration rejecting its suggestion to remove a golden winged angel and two eagles from the top of the structure to reduce its height.　　Discover more　　Compare Exchange Rates　　exchange-traded funds (ETFs　　exchange-traded funds　　The National Capital Planning Commission, which has jurisdiction over federally owned land in Washington, has not reviewed the project, however, and it

09-05Industry

Polymarket Launches Crypto Perpetual Futures With Up to 20x Leverage

In briefPolymarket launched Polymarket Perps on September 3 with an initial slate of 10 markets that expanded to 67 within hours, spanning crypto, stocks, indices and commodities with leverage up to 20x and no contract expiration.Leverage caps vary by asset: crypto, the Ss own documentation.U.S. traders cant place Perps orders and are routed instead to Polymarket US, the companys separate CFTC-regulated exchange, a split that traces back to a 2022 CFTC settlement.　　Polymarket, the prediction market platform that rose to fame during the 2024 presidential election, opened its perpetual futures product to traders on September 3, extending a platform built around yes-or-no election and sports bets into leveraged derivatives.　　The new offering, called Perps, launched with an initial 10 markets—Bitcoin, Ethereum, Solana, HYPE, gold, silver, WTI oil, the Ss product page. Polymarket first teased the feature in April with a 10x leverage cap.　　Myriad: When will Polymarket launch its token？ Click to make your prediction.　　Perpetual futures work nothing like Polymarkets usual contracts, which settle at $1 or zero once an event resolves. A perp instead tracks its underlying assets price continuously with no expiration date, and a funding rate moves payments between long and short traders every hour to keep the contract anchored

09-05Industry

Pineapple Financial puts $1B in mortgage records on Injective

Pineapple Financial has moved more than $1 billion in residential mortgage records onto Injective, a layer-1 blockchain focused on financial applications, as part of a broader effort to migrate its historical loan portfolio onchain.　　Pineapple plans to eventually migrate more than 29,000 funded mortgages worth over $10 billion onto the network, Injective said Friday. Each mortgage is represented by an onchain record tied to the underlying loan file, rather than being repackaged as a new mortgage security.　　The records contain more than 500 data points, including loan-level information designed to support verification, audit trails and risk analysis. Pineapples dashboard shows that the migration now includes 2,079 mortgage records, up from 1,259 when the initiative launched in December 2025.　　PAPL0, which tracks the mortgage records onchain, has an asset market cap of about $1.1 billion, up 48.2% over the past nine months, according to Token Terminal data. The tokens represent mortgage records rather than ownership of the underlying loans.PAPL0 market cap on Injective. Source: Token Terminal　　The mortgage migration is part of Pineapples broader relationship with Injective, which includes a separate $100 million Injective (INJ) digital asset treasury. Pineapple stakes INJ from the treasury, with Kraken serving as a primary validator for the holdings.　　Related: The

09-05Industry

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