This week’s crypto project developments spanned court rulings, platform enforcement, protocol revenue, governance decisions, and product rollouts. A federal court in New York dismissed securities claims tied to meme coins in the Pump fun class action and threw out all claims against Solana Labs, the Solana Foundation, and related executives, while allowing RICO fraud and unlicensed money transmission allegations against Pump fun’s operating company and three founders to move into discovery. Prediction market platform Kalshi issued its first lifetime trading ban, permanently barring former U.S. Representative George Santos, fining him more than $70,000, and accusing him of placing large trades and making misleading public statements tied to a contract on whether he would attend Donald Trump’s State of the Union address. Robinhood Chain posted $4.32 million in 24-hour app revenue on Friday, the highest among chains tracked, while its meme market accounted for more than $1.468 billion in trading volume. Arbitrum DAO reported $6.19 million in revenue for the first half of 2026, with Robinhood Chain contributing roughly $360,000 in July licensing fees. Ethena’s Fee Switch vote passed unanimously, activating programmatic ENA buybacks, while Polymarket launched perpetuals and World open-sourced its zero-knowledge identity verification toolkit ProveKit.

A federal court in New York has dismissed securities-law claims tied to meme tokens in the Pump.fun class action and threw out all claims against Solana Labs, the Solana Foundation, and related executives, finding the tokens failed the "common enterprise" element of the Howey Test. The case is still moving forward on other fronts: claims against Pump.fun’s operating company and three founders, including RICO fraud and alleged unlicensed money transmission, were allowed to proceed into discovery. Elsewhere, Russia is entering a broader digital ruble rollout from Sept. 1, with systemically important banks and large merchants required to support payments first, while individuals remain free to opt in. Arkham researcher Emmett Gallic said addresses tied to the sanctioned North Korean hacking group Lazarus Group recently moved more than $30 million through Hyperliquid, with funds later bridged across multiple chains and sent to exchanges and untagged services. Strategy has also urged MSCI to withdraw a proposal that could exclude so-called non-operating companies from its global investable market indexes, while prediction market platform Kalshi imposed its first lifetime trading ban on former U.S. Representative George Santos and fined him more than $70,000 over alleged market manipulation.

Lobbyist Jack Abramoff, known as 'Casino Jack', has been charged by the DOJ for his role in a $5 million AML Bitcoin ICO fraud. He previously served 43 months in a lobbying scandal and now faces up to 5 years.

Tel Aviv District Court grants Moshe Hogeg 30 days to settle with Chinese investor Huwan Hugh over alleged misappropriation of funds from the Stox ICO promoted by Floyd Mayweather. Judge recommends crypto expert mediator, highlighting global regulatory uncertainty.

Former Disney child star and U.S. presidential candidate Brock Pierce was served a class-action lawsuit at his New York City campaign rally, accusing him of selling unregistered securities during the EOS ICO. The suit names Block.one leaders and demands accountability for billions in investor losses.

Netflix film 'Crypto Boy' tells the story of Amir falling into a crypto Ponzi scheme. It mirrors the 2018 ICO fraud wave and warns about current scams like approval phishing and rug pulls, urging careful investing.