CryptoNews

Robinhood Chain Hits Record $875M DEX Volume as Tokenized Stocks Surge

Robinhood Chain posted record decentralized exchange (DEX) activity at the end of August, with daily DEX volume reaching $875 million. Tokenized equities are emerging as a major source of that growth, giving DeFi venues and blockchain infrastructure a new stream of trading activity. Key Takeaways Robinhood Chain hit $875M in DEX volume on Aug. 30. Uniswap v4 drove $432M of the DEX…
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CryptoNews

Bitwise XRP ETF Crosses $500M in Assets 9 Months After Launch

Bitwise’s XRP ETF has surpassed $500 million in assets under management nine months after its launch. The fund now holds nearly 364.8 million XRP, giving brokerage-account investors indirect exposure to the crypto token without direct custody. Key Takeaways Bitwise’s…
CryptoNews

Why a Famous Burger Chain Now Calls Itself a ‘Bitcoin Company’

Steak ‘n Shake says bitcoin payments have strengthened sales, reduced costs, and supported investment in food quality. Its strategy now extends beyond checkout to a bitcoin reserve and employee bonuses. Key Takeaways Steak ‘n Shake credits bitcoin users with stronger restaurant sales. Its parent reported 13.8% same-store sales growth in the second quarter. Hourly employees earn a bitcoin…
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CryptoNews

Polymarket Pulls NFL Contracts, Certifies Bitcoin Bets The Same Day

Polymarket’s US-serving platform withdrew both of its NFL player participation filings on Aug. 26, one day after certifying them with the CFTC and one day before the listing date it had given the agency. On the same day, the exchange certified bitcoin, ether, and solana price contracts. Both sets were filed as swaps in the binary option subcategory. Key Takeaways Polymarket US withdrew NFL…
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CryptoNews

Bitcoin Mining Consumes 30% of Paraguay Energy, Analysts Reveal

During the “Accelerating Bitcoin” conference, experts debated how current bitcoin mining operations would affect the Paraguayan grid, warning of a possible generation crisis by 2029 if bitcoin mining energy consumption grows moderately, as it currently accounts for 30%…
CryptoNews

NZ’s ACT Party Proposes Waiving Capital Gains Tax on Crypto

ACT, a party with the fourth-largest representation in the New Zealand Parliament, is campaigning to modernize digital finance rules, proposing regulation to waive crypto gains tax on qualified assets held for over a year and to exempt low-value purchases made with crypto…
CryptoNews

Defillama’s New Crypto Ratings Put 128 Tokens Under the Lens

On Wednesday, the decentralized finance (DeFi) platform Defillama and the Web3 investment bank Forgd announced the launch of Universal Token Ratings, a rating system for digital assets similar to the evaluation framework used by the credit rating agencies Moody’s and Fitch. Universal Token Ratings Bring Wall Street-Style Grades to Crypto Over 100 tokens so far have received AAA through CCC…
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