These Wall Street Giants Are the Biggest Holders of Spot XRP ETFs

Investment advisors held $120.9 million of the reported XRP ETF exposure, far ahead of banks, brokerages, and hedge fund managers.  Goldman Sachs, Jane Street Group, and Millennium Management were the three largest reported holders of spot XRP ETFs in second-quarter 13F filings, according to Bloomberg Intelligence data shared by James Seyffart on August 31.  The filings show that institutional exposure has grown alongside a sharp increase in XRP ETF inflows, even as the Ripple token itself has pulled back from its August highs.  Advisors Dominate XRP ETF Holdings  Bloombergs compilation puts Goldman Sachs well ahead of other reported holders, with $87.4 million in ETF exposure representing 84 million XRP. Jane Street followed with just under 16 million XRP, worth $16.6 million, while Millennium Management held 15.5 million tokens valued at about $16.2 million.  Intesa Sanpaolo ranked fourth with $14.4 million in exposure, followed by Marex UK Holdings at $8.1 million. Citadel Advisors also appeared in the filing data, although its XRP exposure fell by $645,000. But SIG Holdings recorded a much larger reduction, with its reported XRP exposure down by roughly $4.6 million.  Across the identified holders, total exposure reached $183.5 million, representing about 176.4 million XRP. Bloomberg also grouped the holders by category and found

09-02انڈسٹری

Robinhoods tokenized-asset chain is growing fast, but not necessarily where investors think

Robinhood Chain revenue from applications totaled between $2.66 million and $2.82 million over a rolling 24-hour window early on Sept. 1, creating an eye-catching measure of network activity with no disclosed bridge to Robinhoods corporate accounts.  Related Company Robinhood American financial services company  DefiLlama tracks application revenue, chain revenue and chain fees as separate layers. Its dashboard showed $963,612 of chain revenue on $1.07 million of chain fees during the same period. Public records provide no formula that turns either revenue figure into a Robinhood GAAP revenue line.  The recipients also show where the app total went. DefiLlamas revenue table placed trading bot GMGN first at about $1.11 million and token launchpad Pons second at about $1 million. Uniswap led the corresponding protocol fee table.  What Robinhood Chain revenue means for the company  Robinhood has described its own monetization in transaction terms. During the companys second-quarter earnings call, CFO Shiv Verma said Robinhood earns a few basis points per transaction, with approximately half shared with Arbitrum. He emphasized transactions as the basis instead of transaction volume.  The company provided no precise rate, eligible transaction count, fee base or reconciliation to its financial statements. DefiLlama also defines the $963,612 chain figure as gas revenue remaining after Ethereum

09-02انڈسٹری

WikiBit Exchange Exit Risk Ranking – Issue 13: BiFinance: An Exchange Officially “Hammered” by Hong Kong’s SFC—What Is There Left to Defend?

Introduction: An “Official Certification” from the Regulator Is More Fatal Than Any Negative Review  In the previous 12 issues, we dug into HashKey (the compliance top student), HTX (a sanctions hotspot), UZX (a DAO penny stock), Phemex (the Morgan Stanley elite), Tapbit (the MSB sticker king), Coincheck (Japan‘s “immortal phoenix”), Deepcoin (the new outfit in El Salvador), Upbit (South Korea’s national exchange), Azbit (officially slapped down by the Seychelles FSA), FameEX (the three-country regulatory sticker collector), Bitvavo (Europe‘s compliance king), and CoinUp (personally “hammered” by He Yi)—and along the way, we’ve seen our fair share of regulatory problems.  But todays subject takes things to a whole new level: BiFinance.  Its résumé looks pretty impressive:  “Top 50 globally on CMC,” “$3.1 billion in 24-hour trading volume,” “Completed Series A and Series B financing,” “Strategic investment from listed companies such as Donghao Asia and Dingyi Group,” “U.S. MSB registration,” and “A leader in the RWA sector.”  Sounds like the standard résumé of a “star project,” right?  But on the other side of the story:  On July 31, 2026, Hong Kongs Securities and Futures Commission (SFC) placed BiFinance on its Alert List of Suspicious Virtual Asset Trading Platforms. The official designation states that BiFinance “is not licensed by the SFC

09-02گہرا غوطہ

A validator reward failure on Core DAO triggers exchange transfer blocks and leaves token issuance in question

Core DAO validator rewards exceeded the protocols intended levels for a small group of validators, the project said, creating an unresolved supply question for the CORE token as two exchanges restricted transfers.  Core DAO said it had identified the root cause and was working on mitigations. It said user assets were safe. It described the incident as limited to reward issuance and said network security and custody were unaffected. Core did not disclose the amount of excess CORE, the validators or reward rounds involved, or the technical cause. It promised a postmortem after the issue is contained.  Related ReadingDeFi Technologies to stake $100 million in BTC on Core Chain  The missing amount is central because Core DAO validator rewards normally include newly minted tokens. The disclosure leaves unresolved whether the anomaly accelerated rewards already scheduled for later distribution or added issuance outside the projects planned path.  Coinbase opened its Core DAO incident at 04:41 UTC on Aug. 31, before Cores 05:24 UTC public statement. At 17:38 UTC, the exchanges status feed still listed the incident as investigating, with CORE sends and receives paused. Coinbase said buys, sells, conversions and fiat transactions were unaffected. Its public status page remained the venues official channel for further

09-02

3 Reasons Why Shiba Inu (SHIB) May Plunge This Month

September has historically been predominantly weak month for the meme coin.  July and August have been quite successful for the self-proclaimed Dogecoin killer, with its price closing both months in the green.  Nonetheless, certain important elements suggest that September may not be as beneficial and could deliver a move south.  The Worrying Signals  The first concerning element on the list is Shiba Inus burn rate, which has declined by 6% on a monthly scale. Data shows that less than 600 million tokens have been sent to a null address throughout August, an amount whose USD equivalent is negligible.  The burning mechanism aims to reduce the overall supply of the meme coin and potentially make it more valuable, but little to no activity on that front poses a serious obstacle to that mission.  Next is Shibariums stalled activity. The layer-2 scaling solution was exploited last year, and since then, the number of processed daily transactions has dropped to mere hundreds or even thousands (at most).  Shibarium Transactions, Source: shibariumscan.io  The feature has been labeled numerous times as important for the overall advancement of Shiba Inus ecosystem and something that can positively impact its price.  Last but not least, we shall mention the seasonal element. September has been a predominantly poor

09-02انڈسٹری

How the GTA 6 Leaker Profited $350,000 From CyberLeek

The anonymous leaker behind CyberLeek has reportedly pocketed roughly $350,000, according to on-chain analyst Conor Grogan. The funds allegedly came entirely from liquidity fees rather than direct sales.  The withdrawal coincided with a sharp price decline for the CYBERLEEK meme coin.  The Mastermind Strategy Behind CyberLeek  Grogan stated on September 1 that the person behind CyberLeek withdrew the funds through various OTC providers, a route that converts digital assets into conventional money without requiring large open-market token sales.  That structure differs meaningfully from a typical launch-and-dump scheme. Rather than offloading large CYBERLEEK holdings directly, the wallet tied to the project reportedly profited by collecting fees whenever other traders transacted in its liquidity pool.  Follow us on X to get the latest news as it happens.  The GTA 6 hacker, responsible for the Cyberleek coin, has cashed out about $350k, entirely from LP fees. They have washed funds through a variety of OTC providers  This is the first hacker that Ive ever seen make money solely on liquidity provision (versus dumping a token) https://t.co/5czgluVKBn pic.twitter.com/ABzjSjYAed  — Conor (@jconorgrogan) September 1, 2026  This mechanism depends entirely on sustained trading activity. The viral GTA VI leaks appeared to provide exactly that fuel, drawing in buyers and speculators with each new clip, even

09-02انڈسٹری

US Strikes Iran After Fresh Attacks Near Strait of Hormuz

The United States launched fresh strikes against Iranian targets Tuesday after attacks threatened commercial shipping near the Strait of Hormuz. U.S. Central Command said American forces targeted Islamic Revolutionary Guard Corps positions following recent threats. The escalation raises fresh concerns about shipping security and energy markets across the region.  Tensions Rise Around Vital Shipping Route  According to CNBC report, CENTCOM said the operation began around noon Eastern Time after Iran attempted attacks against commercial vessels. The command also cited threats against American personnel operating across the region.  President Donald Trump ordered the strikes after Iranian forces reportedly prepared sea mines for the waterway. Iranian missiles also targeted a U.S. facility in Jordan during the latest confrontation.  In the meantime, Washington is increasingly under pressure to stop the attacks without sparking a broader regional war. Tehran, however, may counter with further missile or sea operations.  Oil Markets Face Fresh Risks  The Strait of Hormuz remains crucial for global energy supplies and international trade. Before the conflict, about 20% of all global oil supplies passed through the waterway.  Other than to threaten tanker traffic, renewed fighting could also affect energy prices and transportation costs. Moreover, airlines and businesses across the Gulf face additional security concerns.  The U.S. Embassy in Qatar

09-02انڈسٹری

Arbitrum: How $1.6B in bridge flows could extend ARBs 28% rally

Arbitrum [ARB] delivered a 28% gain in the last day as of writing, as the blockchain itself became a central stage for capital movement across the market while retaining most of it.  While theres a clear sign that the bulls are active in the market, the impact on ARB came from the movement of bridge assets across chains, showing that Arbitrum dominated in netflow with $1.6 billion retained in value.  To put this into perspective, bridge asset netflow tracks capital moving across multiple chains to show how much enters and leaves each chain.  Source: Artemis  When the netflow is positive, like in this case, it suggests that most of the capital settled on the chain, a positive factor that can impact price.  At the time of writing, Arbitrum has led other chains in terms of netflow over the last day, ahead of Ethereum [ETH] and Robinhood, which followed, respectively, in terms of flow. Importantly, this type of flow needs to be maintained if theres going to be a continued rally in the near term.  However, bridge asset movement is just one part of the broader factors that influenced the rally. AMBCrypto found other catalysts that have also impacted the market.  Investors committing to a long-term rally  Investors are

09-02انڈسٹری

UK crime agency froze $13.5M amid probe into Premier League crypto sponsor

The UKs National Crime Agency (NCA) has reportedly frozen 10 million pounds, or about $13.5 million, as part of an investigation into online sports company Sorare.  According to a Monday report from UK news outlet The Sun, the NCA was conducting a probe into Sorare over claims of unlicensed gambling. The company is behind digital trading cards on the blockchain and signed a four-year, $162-million partnership deal with the Premier League in 2023, which was terminated at the end of last season.  The Sun reported that the NCA froze $13.5 million in cash following a January 2025 order from the Westminster magistrates court. A spokesperson reportedly said that the order was intended “to prevent dissipation of the funds while the NCA investigates any potential links between those funds and alleged third-party criminality.”  In June, the UKs Financial Conduct Authority (FCA) said it had sent letters to clubs in the Premier League, warning about “questionable sponsorship deals” with companies not authorized to operate in the country, including those involved with crypto.  Some of the Premier League clubs have crypto-related sponsors for the upcoming season, including stablecoin issuer Circle for Chelsea and the OKX exchange for Manchester City. However, the number of sponsorship deals between crypto

09-02انڈسٹری

Zcash May Have a Bigger Role to Play as AI Threatens Financial Privacy: Grayscale

As AI improves blockchain address labelling, Grayscale sees Zcash becoming more valuable for users.  Artificial intelligence could usher in a new wave of concern over financial privacy, according to a Grayscale research report. The firms Head of Research, Zach Pandl, expects AI to create new privacy threats and drive demand for new solutions.  He sees Zcash as one potential option.  Zcash For Blockchain Privacy  Public attention to financial privacy has historically increased alongside major technological changes. The first wave came in the 1970s, when computers enabled the digitization and automation of financial record-keeping. A second wave followed in the 1990s with the expansion of the Internet and growing concerns over online privacy.  Grayscale believes a third wave has now begun as AI becomes more widely used. Pandl said AI tools are likely to create new privacy challenges across the economy, and the issue is particularly pressing for public blockchains that are transparent by default.  For instance, on the Bitcoin network, every transaction is recorded on a public ledger and can be viewed by anyone. When blockchain activity is linked with off-chain information, user addresses could potentially be de-anonymized, a risk also noted in the Bitcoin white paper.  While that risk existed before AI, Grayscale said advances in

09-02انڈسٹری
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