Weekly crypto project roundup: Kalshi issues its first lifetime ban, Robinhood Chain leads app revenue, and ENA buybacks get the green light
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.







