Latest Crypto News & Market Updates

Robinhood Chain app revenue tops Ethereum in 24 hours

Robinhood Chain recorded $2.66 million in application revenue over 24 hours on Aug. 31, according to a rolling DeFiLlama dashboard.　　SummaryRobinhood Chain recorded $2.66 million in rolling daily app revenue during the cited DeFiLlama snapshot.That snapshot placed Robinhood Chain above Hyperliquid, Ethereum and Base for aggregated application revenue temporarily.GMGN, Pons and Uniswap generated approximately 93% of Robinhood Chains measured daily application revenue combined.Rolling twenty-four-hour figures change continuously as new activity enters and older transactions leave calculation windows.App revenue measures earnings retained by protocols, not revenue received directly by Robinhoods corporate business.　　The reading placed the network above Hyperliquid L1 at $1.71 million, Ethereum at $1.57 million and Base at approximately $439,252. Robinhood Chain‘s total was roughly 6.1 times Base’s figure during the same snapshot.　　The dashboard had shown lower totals earlier in the day. That difference reflects the rolling measurement window rather than a correction or separately reported financial result.　　You might also like:　　Robinhoods $225.5M venture fund opens below IPO price　　Robinhood Chain app revenue led the snapshot　　DeFiLlamas dashboard aggregates revenue retained by applications operating on each network. Its Robinhood Chain reading increased 201% from the previous week and reached $23.23 million over 30 days.　　Roobinhood chain, source: DefiLlama　　However, the 30-day comparison presented a different ranking.

08-31Industry

Hair Loss Biotechs Emerge As Wall Street's Newest Growth Trade

Hair loss biotechs are racing to deliver the first new baldness treatments in nearly three decades, and investors are positioning for the payoff.　　Veradermics, Absci, and Cosmo Pharmaceuticals are advancing a pill, an injection, and a topical drug for pattern hair loss, a condition with no newly approved therapy since the late 1990s.　　Hair Loss Biotechs Eye A Market Waiting For A Cure　　Pattern hair loss affects an estimated 50 million men and 30 million women in the United States, according to Bloomberg. Current options are limited to decades-old drugs minoxidil and finasteride. Both are tied to side effects that include heart palpitations and reduced sex drive.　　Sponsored　　Sponsored　　Veradermics (NYSE: MANE) is developing an oral pill, VDPHL01, and its stock has climbed nearly 500% since its February IPO. Absci (NASDAQ: ABSI) is testing an injection dosed two to three times over six months, and its shares have more than doubled so far this year.　　Cosmo Pharmaceuticals posted positive late-stage trial results for a topical solution but has traded more cautiously against its US rivals.　　Investors Chase A GLP-1 Style Trade　　The enthusiasm echoes Eli Lillys stock rally, which reshaped investor appetite for consumer health biotech. Its weight loss drugs first drove that shift.　　Eli Lillys stock is up nearly

08-31Industry

Belgium Seeks Crypto Wallet Data From EU Registrars in Piracy Probe

Key TakeawaysBelgiums BAPO ordered domain registrars to submit financial, IP, and account details of pirate operators.Court orders named host Hostinger among entities compelled to share data to shield the sports economy.Experts question if cross-border demands will survive scrutiny under the EU Digital Services Act.　　Crackdown on Digital Piracy　　Belgian authorities have escalated their efforts to combat digital piracy by issuing sweeping demands to European domain registrars, requiring them to turn over financial records, cryptocurrency wallet details, and technical logs linked to suspected pirate site operators.　　According to a local report, the directives were issued by Belgiums Department for Combating Online Infringement under orders from the French-speaking Business Court of Brussels. Unlike standard enforcement measures that focus on domain-level website blocking, the new orders require domain registrars and a registry to disclose comprehensive identification data of site operators.　　The requested information includes full names, physical addresses, telephone numbers, financial records—such as complete IBAN details and credit card information—and cryptocurrency wallet addresses alongside transaction hashes.　　Discover more　　Exploring Engineering Solutions　　Trading Foreign Currencies Online　　Building An Exchange Traded Fund Portfolio　　Registrars are also required to provide up to 12 months of connection logs, device details, and IP addresses associated with targeted user accounts. The documents released by the department conceal the

08-31Industry

HYPE faces $36M team withdrawal on September 6

A wallet attributed to HyperLabs, the development organization behind Hyperliquid, requested the unstaking of 433,000 HYPE tokens on Aug. 30, according to blockchain analyst Ember.　　SummaryHyperLabs requested unstaking of 433,000 HYPE tokens, valued near $36.14 million when Ember reported it publicly.Hyperliquids protocol places staking withdrawals into a seven-day queue before tokens return to spot balances.The pending withdrawal should complete September 6, provided the protocol processes it according to schedule.Previous HyperLabs withdrawals were routed through Flowdesk, but that history does not confirm another sale.No official Hyperliquid statement explained whether the unstaking supports liquidity, operations, or token distribution plans.　　The position was valued at approximately $36.14 million when Ember reported the transaction. That valuation implies an average HYPE price near $83.46, but the dollar value will change with the tokens market price.　　The withdrawal is expected to clear the protocols seven-day unstaking queue on Sept. 6. HyperLabs has not publicly explained its purpose.　　You might also like:　　Hyperliquid gets first HIP-4 outcome DEX with OUT　　HyperLabs placed 433,000 HYPE into the exit queue　　The wallets staking activity is visible through its HypurrScan profile. The explorer records staking and balance activity associated with the address.　　Hyperliquids staking documentation says transfers from staking accounts to spot accounts enter a seven-day unstaking queue.

08-31Industry

XRPs next rally could put this 115 million-token short under pressure

Leveraged funds more than doubled their CME XRP net short as open interest surged nearly 40% in one week.　　Related Asset XRP #5 XRP · $1.36 24-hour change: down 2.40% 24H Down 2.40% 7D Down 8.08% 30D Up 28.20%　　Last week, the Commodity Futures Trading Commission (CFTC) reported that XRP open interest increased by 2,206 from a week earlier, to 7,783 futures-equivalent contracts. At 50,000 XRP per standard contract, the increase represented about 110.3 million tokens and lifted total exposure to roughly 389.2 million XRP.　　The expansion came during a sharp recovery in the token. CryptoSlate previously reported that the digital asset had rebounded about 32% from $1 this month, trading near $1.38 as of press time.　　Leveraged funds moved against that momentum, holding 892 long contracts and 3,206 shorts. Their net short widened to 2,314 contracts, equivalent to about 115.7 million XRP, from 57.35 million XRP a week earlier.　　The increase added 58.35 million XRP-equivalent of net short exposure and left leveraged funds with the largest directional short among the reportable CFTC categories.　　Dealers and asset managers moved the other way.　　Dealers increased their net-long position by 1,195 contracts, equivalent to 59.75 million XRP, ending at 2,121 contracts net long. Asset managers added 565 net contracts,

08-31Industry

Gold price in Pakistan: Rates on August 31

Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet.　　The price for Gold stood at 39,612.28 Pakistani Rupees (PKR) per gram, down compared with the PKR 39,935.70 it cost on Friday.　　The price for Gold decreased to PKR 462,029.90 per tola from PKR 465,802.10 per tola on Friday.Unit measureGold Price in PKRDiscover moreCompare Credit CardsTrade Crypto AssetsCompare Index ETFsTry CAD SoftwareOpen Trading AccountAccess Premium NewsNEWSFINANCE1 Gram39,612.2810 Grams396,122.80Tola462,029.90Troy Ounce1,232,081.00　　FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

08-31Industry

Ripple lawyer links CLARITY Act to U.S. job growth

Alderoty argues the CLARITY Act could support employment, but his statement remains an industry claim.　　An NCA-commissioned study estimates crypto directly employs 34,000 workers and supports 232,000 jobs nationwide today.　　Senate records schedule a September 15 cloture vote determining whether lawmakers begin formally considering CLARITY.　　Ripple Chief Legal Officer Stuart Alderoty urged U.S. senators to support the Digital Asset Market Clarity Act ahead of its next procedural vote, arguing that the legislation could promote employment and economic growth.　　“A vote for Clarity is a vote for jobs and economic growth,” Alderoty wrote on Aug. 30. His statement is a policy argument rather than a finding that passing the bill would create a specific number of jobs.　　Alderoty is also president of the National Cryptocurrency Association, which commissioned the employment research underpinning his argument　　Chief Legal Officer Stuart Alderoty has argued that passing the Clarity Act could boost job creation and economic growth in the US ???? pic.twitter.com/aPbyGw9tyc　　— Attorney General Pam Bondi (@AttorneyGeokb4) August 31, 2026　　CLARITY Act job figures rely on economic modeling　　The NCAs Crypto at Work report, produced by Pragmatic Policy Group, estimates that crypto companies directly support about 34,000 full-time-equivalent U.S. positions in 2026.　　The study places the industrys broader employment footprint at 232,000 jobs. That

08-31Industry

Cronos halts blockchain after $75M Tectonic exploit

Cronos halted block production on Aug. 30 after detecting an exploit involving Tectonic, a decentralized lending protocol operating on the blockchain.　　Independent researcher Weilin Li estimated that approximately $75 million was affected. However, neither Cronos nor Tectonic had confirmed the cause or total loss as of Aug. 31.　　Most of the identified assets appeared to remain on Cronos after validators stopped the network. No restart time, recovery plan or compensation framework had been announced.　　Tectonic exploit reportedly used inflated TONIC collateral　　Li attributed the incident to the treatment of TONIC, Tectonics governance token, as collateral. TONIC reportedly had a 20% collateral factor despite limited market liquidity.　　According to his initial analysis, the attacker increased TONICs market price roughly 100-fold over about 20 minutes. The attacker then supplied the inflated tokens as collateral and borrowed other assets from Tectonic.　　Li described the incident as a “Mango-market style” pump-and-borrow attack. The characterization remains an independent assessment because Tectonic has not published its own technical post-mortem.　　The reported pattern resembles earlier attacks in which thinly traded collateral was assigned an inflated valuation. As crypto.news reported, a similar collateral-price attack drained Moonwell of an estimated $8.7 million shortly before the Tectonic incident.　　Cronos halt kept most identified funds onchain　　Li initially placed the

08-31Industry

3 Token Unlocks to Watch in the First Week of September 2026

The crypto market will welcome tokens worth around $1.5 billion in the first week of September 2026. Major projects, including Hyperliquid (HYPE), Ethena (ENA), and Sui (SUI), will release significant new token supplies. 　　These unlocks could introduce market volatility and influence short-term price movements. So, heres a breakdown of what to watch.　　1. Hyperliquid (HYPE)Unlock Date: September 6Number of Tokens to be Unlocked: 9.92 million HYPEReleased Supply:464.91 million HYPETotal Supply:1 billion HYPE　　Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and sub-second transaction finality.　　On September 6, the team could unlock 9.92 million tokens worth $797 million. Tokenomist noted that this is a long-range estimate. The tokens account for 2.37% of the released supply.　　Discover more　　Investing In Digital Currencies And Crypto　　Finance　　FINANCE　　HYPE Crypto Token Unlock in September. Source: Tokenomist　　The team has allocated the unlocked supply to core contributors. Tokenomist pointed out that HYPE has historically claimed far fewer tokens than its projected unlock amounts.　　2. Sui (SUI)Unlock Date:September 1Number of Tokens to be Unlocked: 13.53 million SUIReleased Supply:4.08 billion SUITotal supply: 10 billion SUI　　Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications

08-31Industry

Australian Dollar moves little following Chinas NBS PMI data

AUD/USD edges higher after opening at a bearish gap, remaining in the negative territory and trading around 0.7160 during the Asian hours on Monday. The currency pair holds steady as the Australian Dollar (AUD) experiences little movement following the release of China‘s NBS Purchasing Managers’ Index (PMI) data. Because Australia and China share strong trade ties, shifts in economic conditions within China frequently impact the performance of the AUD.　　China‘s Manufacturing PMI rose to 49.8 in August, compared to 49.2 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Monday. The reading came in above the market consensus of 49.7 in the reported month. The NBS Non-Manufacturing PMI steadied at 49.0 in August versus Julys 49.0 figure.　　Australia‘s TD-MI Inflation Gauge rose to 4.8% year-over-year in August, from 4% in July. However, the monthly reading declined to 0.5% from the previous month’s 1%.　　The upside of the AUD/USD pair could be limited as the US Dollar (USD) could rebound amid hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh. Warsh said on Friday at the Jackson Hole symposium that policymakers will “have work to do” if they were not confident cost-of-living pressures were easing for Americans. “We must be confident

08-31Industry

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