Robinhood Chain, tokenized equities, and the U.S. Senate’s next step on the CLARITY Act drove much of the crypto news flow on Aug. 31.
Top CEX tokens and 24-hour movers
Among the top 10 tokens by CEX trading volume, BTC fell 0.3%, ETH lost 1.2%, SOL dropped 2.92%, ZEC slipped 0.4%, XRP declined 2.13%, ENSO fell 2.53%, UNI rose 11.2%, BNB lost 0.87%, DOGE dropped 3.24%, and SUI fell 3.51%.
According to OKX data, the top 24-hour gainers were ZORA at 33.52%, ANIME at 18.59%, AUCTION at 15.47%, TNSR at 11.52%, UNI at 11.2%, ZK at 9.62%, VELO at 8.18%, ZEN at 6.92%, PROVE at 5.68%, and EGLD at 4.06%.
Data from msx.com showed the top 24-hour gainers among crypto-related stocks were ANTA at 7.92%, VAPE at 4.99%, SEGG at 2.83%, CAN at 2.63%, STKE at 2.44%, BTCS at 2.22%, SWMR at 2.09%, AEHG at 2.05%, AMRK at 1.88%, and GAME at 1.67%.
Popular on-chain meme tokens
GMGN data listed PONS, 牛来, fone, Basecat, and FEFER as the popular on-chain meme names.
U.S. Senate sets Sept. 15 procedural vote on the CLARITY Act
Bitcoin News said in a post on X that the U.S. Senate plans to hold a key procedural vote on the CLARITY Act on Sept. 15. The cloture vote requires 60 votes to pass. If it clears that threshold, the Senate would move to formal consideration of the bill, though that would not amount to final passage.
Robinhood Chain posts a new DEX volume high
Robinhood Chain recorded $945 million in single-day DEX volume on Aug. 29, setting a fresh all-time high and moving above its earlier peak from mid-July. DEX activity on the chain had rebounded from roughly $300 million in mid-August and has now risen for several trading days in a row.
Most active tokenized stocks are concentrated on two chains
Token Terminal said on X that the seven highest-volume tokenized stocks are all on BNB Chain or Robinhood Chain. Together, those assets generated $4.3 billion in DEX volume over the past 30 days.
QQQb on BNB Chain ranked first with $1.6 billion in volume. SPCXb and SPYb followed with $848.9 million and $644.5 million, respectively. The rest of the top seven included NVDA, SPACEX, and SPY on Robinhood Chain, along with NVDAb on BNB Chain.
Pons reports creator payouts and Robinhood Chain deployment share
Pons said on X that it has paid $20.93 million to token creators over the past 47 days.
Dune data showed 23,080 tokens were deployed on Robinhood Chain on Aug. 29. Pons V2 accounted for 15,957 of them, or about 69.1%, keeping its lead for daily deployments.
Korea’s top brokerages post record profit while share prices lag
South Korea’s major securities firms posted nearly KRW 6 trillion in profit in the second quarter, a record level, but brokerage shares have remained weak, according to information released by the country’s financial investment industry on the 29th.
The combined net profit of the country’s 10 largest brokerages — Mirae Asset, Korea Investment, Samsung, KB, NH, Shinhan, Meritz, Kiwoom, Hana, and Daishin — reached KRW 5.9362 trillion, or about $4.31 billion, in the second quarter. That was up 37% from the previous quarter and 141% from a year earlier.
The Korea Exchange securities industry index closed at 9804.97 on May 9, its high for the year, and then retreated sharply. It fell into the 6400-7400 range in June, then into the 4700-6400 range in July, and has traded in the 5000-5500 band this month.
U.S. government moves seized Alameda-linked bitcoin
The U.S. government transferred a small amount of bitcoin this week. The assets were seized three years ago from an Alameda Research account on Binance US. Authorities have not disclosed the purpose of the transfer or any plan for the remaining related bitcoin holdings.
ICBA presses for a full ban on stablecoin rewards
The Independent Community Bankers of America, which represents about 5,000 U.S. community banks, is opposing the CLARITY Act.
ICBA President and CEO Rebeca Romero Rainey said the “loophole” tied to stablecoin rewards must be fully closed and that there is no compromise option. The group said stablecoins could pull $1.3 trillion in deposits out of the banking system and reduce local lending by $850 billion. It also said it had helped persuade Republican senators Josh Hawley and Jerry Moran to oppose the current version of the bill.
Rainey said there is no sign that crypto will replace those deposits and redirect them into local communities. She also criticized the White House Council of Economic Advisers report, The Impact of a Stablecoin Yield Ban on Bank Lending, for downplaying banks’ concerns about deposit outflows. Bitcoin.com News said the Senate is set to vote on the CLARITY Act on Sept. 15; without support from at least 60 senators, the bill would not move into the next stage and could stall for the foreseeable future.
JaredfromSubway.eth sandwich bot has extracted 117,007 ETH
The sandwich bot operated by JaredfromSubway.eth has extracted 117,007 ETH since March 2023, worth about $295 million at current prices.
In June 2026, an anonymous attacker deployed 66 imitation token contracts and used the bot’s automated trading logic to steal at least $7.5 million in ETH and stablecoins, later sending the funds to Tornado Cash. The assets have not been recovered.
Sandwich attacks are a form of maximum extractable value, or MEV. Bots scan Ethereum’s public mempool for large pending trades, buy ahead of the target transaction, and sell after the trade pushes prices higher, taking the spread as profit. The bot’s main contracts had received 117,007 ETH as of Aug. 28.
MEV-Boost block building is concentrated among a small number of participants. relay.ultrasound.money, Titan Relay, and bloXroute-regulated relays forwarded about 85% to 88% of the relevant blocks in a 24-hour window, while Titan’s builder alone assembled 50.3% of blocks. Bitcoin.com News said monthly sandwich extraction has dropped from about $10 million in late 2024 to roughly $2.5 million in October 2025.
Lana claims the account behind the 牛来 trade
Crypto KOL Lana said on X that she was claiming the account fmpumpguy, which had been tied to a highly profitable 牛来 trade. A screenshot shared by that account showed an initial position of about $113.36 and an unrealized profit of about $1.006 million, with a seven-day return of 888,295.14%.
Project updates from Hyperliquid, Solana, and Deribit
Hyperliquid founder Jeff Yan said on Discord that HIP-4 will open for permissionless deployment after the next network upgrade. Different market templates will be introduced step by step through validator voting.
On Solana, the SGP-0002 proposal passed with 67% support in the network’s first binding on-chain governance vote. The proposal, pushed by infrastructure provider Helius, would raise Solana’s annual inflation step-down adjustment rate from 15% to 30%, speeding up the path to a 1.5% terminal inflation rate and reducing new SOL issuance over the medium to long term.
Support had briefly remained below the required two-thirds threshold before voting closed. Helius CEO Mert Mumtaz contacted major validators and institutions in the final stretch, and Kraken’s validator Kraken2 switched from opposing the measure to supporting it near the deadline. The final tally showed 67% in favor, 25% against, and 7.84% abstaining, with staking participation at 60.7%, enough to meet quorum. Mumtaz said the proposal secured the votes it needed after hundreds of conversations.
Deribit will remove its public proof-of-reserves page on Sept. 1, ending the daily public verification channel for customer assets and liabilities. Coin Bureau said the change comes after Deribit completed its integration with Coinbase, with about 90% of customer assets now under Coinbase custody. Deribit said regulatory audits will continue, but it has not announced a new public dashboard to replace the page.
Security incidents across Cosmos-linked and other networks
Cosmos Labs released an incident report on an EVM module security event. Between Aug. 20 and Aug. 25, attackers exploited a Cosmos EVM vulnerability to steal funds from multiple Cosmos chains. After MANTRA raised the alert, the Cosmos security team coordinated roughly 40 chains to assess exposure and deploy mitigations.
Six networks were attacked. About $2.87 million in assets were bridged and sold on DEXs, while another roughly $2.85 million was sold on CEXs. The CEX accounts used by the attackers have been frozen, and the investigation is ongoing. Another 13 at-risk networks patched, halted, or took other defensive measures in time and did not suffer losses. The vulnerability had already been reported through a bug bounty program on April 25.
SVM Layer 1 network Fogo said it temporarily halted the Fogo mainnet after detecting unauthorized activity, aiming to stop any further movement of affected assets. During the pause, the network will be upgraded and addresses tied to the incident will be restricted. The team said it will share updates once more details are confirmed and urged users to rely only on official Fogo channels. The cause of the incident, the size of affected assets, and a timeline for restoring the mainnet have not been disclosed. Earlier, the Fogo Foundation was compromised by an unknown attacker, and about 400 million FOGO tokens were moved to an attacker-controlled address. The foundation said it notified trading platforms and is in contact with law enforcement and forensic specialists.
Cronos Network, affiliated with Crypto.com, was halted after an attack on the lending protocol Tectonic. On-chain researcher Weilin Li estimated that the attacker pushed the price of low-liquidity TONIC up by about 100x in roughly 20 minutes, then used it as collateral to borrow other assets. The amount involved was about $75 million, with around $6 million already bridged to Ethereum and most of the remaining assets unable to leave because Cronos had been stopped. Li said the pattern resembled the oracle manipulation attack seen in the 2022 Mango Markets exploit. Tectonic has not confirmed the exact amount or the root cause.
Neutrl said the team found an issue in one position in its strategy that affected the liquidity of part of the protocol’s reserves and prompted a pause on the related smart contracts. The protocol currently has about $27 million in liquid assets available, while also holding unrealized strategy positions and related profit or loss that cannot yet be valued for recovery timing, amount, or outcome. To address liquidity demand, Neutrl plans to open early redemption for NUSD and sNUSD holders in early September and said all holders will be treated equally. The schedule depends on deployment of the new redemption contract, an independent audit, and legal and financial review, and may change. The team advised holders not to trade NUSD or sNUSD during the evaluation period.
realtrumpcoins denies authorizing any digital token issuance
realtrumpcoins said in a statement on X that claims that Trump Coins had launched, promoted, or authorized any digital token were “completely false” and the result of malicious third-party conduct. The account said Trump Coins has never authorized, and will not launch, promote, or authorize, any digital token. It added that it is cooperating with relevant authorities and will pursue those responsible.
Earlier, the meme coin GOLD was created on Solana. After @realtrumpcoins1 posted a tweet containing the GOLD contract address, the token’s market capitalization briefly climbed to $66 million. The tweet was later deleted, and GOLD’s market capitalization fell from about $55 million to $1 million in roughly 30 seconds.
Fed path and market commentary
Wall Street Journal reporter Nick Timiraos wrote that Federal Reserve Chair Warsh had calmed some concerns about his inflation-fighting strategy, while also setting up a bigger test in three weeks. A rate increase could anger the White House just weeks before the midterm elections. Holding rates steady could revive the concerns his speech had just eased.
Timiraos said two parts of Warsh’s Friday remarks pointed especially clearly to a possible rate increase next month: Warsh would struggle to describe current financial conditions as restrictive, and stronger summer inflation data had not convinced him that the underlying trend was improving. Former Fed Vice Chair Kohn said the speech reversed the earlier policy logic: “He has changed the original assumption. Now it’s become that unless the data show there is no need, they will raise rates.” Kohn said the decision will hinge on conditions before the September meeting, especially the August CPI report due on Sept. 11.
Tom Lee, chairman of ETH treasury company Bitmine Immersion Technologies (BMNR), said in a podcast interview that the firm has bought ETH for more than 60 straight weeks since launching its ETH treasury strategy. Lee said Bitmine stands out not only for the size of its holdings but also for the consistency of its purchases. With its ETH position now much larger, Bitmine has slowed the pace of buying and has completed about 97% of its target to hold 5% of ETH supply.
SK hynix CEO Kwak Noh-Jung said the global shortage of memory chips is likely to last through the end of 2030, while the risk of oversupply remains low because memory chips in the AI era are no longer “mere standardized commodities.” He said he does not see signs of oversupply or a potential downcycle in memory, given strong demand from AI customers. Even if a downturn arrives, he said, it would differ from the sharp slumps seen over past decades and may instead involve a gradual easing in demand or a flat trend.
Serenity said on X that from the start he wanted to share research and investment logic in public so anyone could access it and make their own judgment. He said his subscription price has remained at $1 for months and will stay at the minimum level, while his core investment logic will be posted directly on his main X timeline.
CryptoQuant founder and CEO Ki Young Ju said the peak of bitcoin’s current bull cycle could be driven by institutional money and ETF demand from outside the United States. He added that deeper stablecoin liquidity and tokenized asset infrastructure would broaden participation in global markets. Using South Korea as an example, he said the country has no spot bitcoin ETF, retail investors cannot buy spot bitcoin ETFs listed overseas, and most companies cannot open trading accounts to buy BTC. South Korea has begun to open participation in phases, with a Financial Services Commission roadmap covering about 3,500 listed companies and qualified professional investors, though financial institutions and other companies remain excluded.
Crypto KOL Ansem said on X that the market is still in a very early stage, and that even investors with no exposure yet are not too late if they start paying attention and planning entries now. For tokens already in price discovery, he said the area near the breakout point may already be a reasonable entry zone.
Meme trader Bonk Guy warned on X that while it may be tempting to copy someone whose portfolio has risen by more than $3 million over a month, investors should fully understand the risks before mirror-trading. He said he sometimes opens positions without deep research and may sell at any time for any reason, so a purchase by him should not be treated as an endorsement of a project. Bonk Guy added that he still sees early opportunities in the Robinhood on-chain ecosystem and will continue to hold projects he likes and stay active there, but that does not mean every position will be permanent: “No coin goes up forever, and every position that gets bought will eventually be sold.”