Odaily reports: According to Spartan Capital monitoring, Robinhood Chain launched its mainnet on July 1, 2026. By the end of August, on-chain TVL had grown to $711 million, with August on-chain gas revenue reaching $6.6 million. The majority of August trading volume came from Uniswap, and on August 31, single-day on-chain fees briefly reached $2.1 million.

Robinhood operates the sequencer and receives approximately 90% of on-chain fees; after deducting Ethereum settlement costs and the 10% licensing share paid to Arbitrum DAO, August net revenue was approximately $6 million.

Robinhood Earn users deposited USDG and borrowed through Morpho, with deposits growing from $9.5 million on July 1 to $456 million on August 31, accounting for 68% of TVL at the end of the month. Users' estimated annualized yield was approximately 7%, while the lending side yield was approximately 3.7% at the end of August, with the spread subsidized by incentive funds from Morpho and its lending partners.

As of the end of August, more than 340,000 tokens had been issued on-chain; Meme tokens paired with Robinhood Stock Tokens recorded $518 million in trading volume in August. Currently, on-chain trading activity is primarily driven by crypto-native users, and Robinhood's 27 million funded accounts have not yet migrated to the chain at scale. Robinhood wallet gas subsidies will continue until September 29, and Earn yields are planned to be gradually reduced.

Odaily News: Approximately $15 billion in Bitcoin options are set to expire at quarterly settlement on Friday (September 25), with September 25 contracts accounting for more than one-third of Deribit's total Bitcoin options open interest. The put/call ratio is 0.70, with the largest call positions concentrated at strike prices of $85,000, $90,000, and $100,000.

Bitcoin is trading at around $84,258, down 2% on the day, above the max pain price of $76,000, and below the $85,000 level where call positions are most densely concentrated. Large-scale options expirations are typically accompanied by volatility, while market maker hedging may dampen price swings; Bitcoin's recent strength has been linked to the U.S. Treasury expanding buybacks, a weaker dollar, and the price rising above the 365-day moving average.

Odaily News: According to SoSoValue data, yesterday (September 24, US Eastern Time), Ethereum spot ETFs recorded a total net inflow of $66.0113 million.

The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $26.806 million. ETHA's historical total net inflow has now reached $13.233 billion.

This was followed by Fidelity's ETF FETH, with a single-day net inflow of $21.4535 million. FETH's historical total net inflow has now reached $2.416 billion.

As of press time, the total net asset value of Ethereum spot ETFs stands at $17.695 billion, with the ETF net asset ratio (market value as a proportion of Ethereum's total market value) reaching 5.39%. Cumulative historical net inflows have reached $13.853 billion.

Odaily News: According to SoSoValue data, yesterday (September 24, US Eastern Time), Bitcoin spot ETFs recorded a total net inflow of $191 million.

The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $163 million. IBIT's historical total net inflow has now reached $65.185 billion.

Next was Fidelity's ETF FBTC, with a single-day net inflow of $12.862 million. FBTC's historical total net inflow has now reached $11.014 billion.

The Bitcoin spot ETF with the highest single-day net outflow yesterday was WisdomTree ETF BTCW, with a single-day net outflow of $4.0161 million. BTCW's historical total net inflow has now reached $78.6534 million.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $108.915 billion, with the ETF net asset ratio (market value as a proportion of Bitcoin's total market value) reaching 6.43%, and cumulative historical net inflows having reached $57.412 billion.

According to Arkham monitoring, Morgan Stanley withdrew over 1,100 bitcoins, worth approximately $96.4 million, from a Coinbase Prime Deposit address through its spot Bitcoin exchange-traded fund MSBT. As of now, Morgan Stanley's total Bitcoin holdings have surpassed 9,000 for the first time, reaching 9,218 BTC, worth approximately $775 million.

According to Odaily, a newly released 2025 annual financial disclosure for US Defense Secretary Pete Hegseth shows that his household cash, retirement investments, and Bitcoin assets are worth at least approximately $3.1 million. Among these, Bitcoin is valued at approximately $16,000 to $65,000, and one of his three cash accounts exceeds $1 million.

Odaily News: Bybit co-founder and CEO Ben Zhou posted that the Bybit team stands ready to assist Bitget in any way possible, noting that Bitget had previously offered assistance when Bybit suffered a hack attack.

Ben Zhou stated that Bybit is updating the LazarusBounty platform to help Bitget track the flow of stolen funds and assist in recovering the related assets.

Odaily reports that US SEC Commissioner Hester Peirce said at the SIFMA Digital Assets Conference that regulators should rethink financial surveillance methods and reduce the collection of personal data, rather than continuously expanding data collection under the KYC and AML frameworks. Peirce believes that storing large amounts of law-abiding users' data may not only increase the risk of leaks and misuse, but also may not necessarily help identify illegal activities.

Peirce advocates the use of zero-knowledge proofs and attribute-based credentials to verify age, accredited investor status, and sanctions list status without disclosing personal information such as name, income, or address, and suggests allowing regulated institutions to rely on identity verification already completed by other compliant institutions to reduce the repeated collection of sensitive data.

Odaily reports that Bitget Wallet stated on X that it operates independently from the Bitget exchange and is a self-custodial wallet. User assets always remain on-chain and are controlled by users themselves, isolated from the custodial infrastructure of the Bitget exchange.

In response to the recent security incident at Bitget, Bitget Wallet has conducted preventive checks on its internal systems and found no security impact from the incident on Bitget Wallet's systems or users' self-custodied assets. Bitget Wallet is currently operating normally, and users are reminded to be vigilant against phishing and impersonation attempts and to obtain the latest information through official channels.

Odaily reports that Xie Jiayin stated in a post that Bitget has commissioned a third-party security team to conduct an independent forensic investigation into this security incident. Multiple teams are jointly verifying remediation measures, confirming the attack vector, and assisting with law enforcement cooperation. The investigation results will be disclosed in a timely manner.

He stated that Bitget has sufficient protection funds to cover the related losses, and once all potential security risks are eliminated, withdrawals will resume as soon as possible.

Odaily reports that Andy, founder of The Rollup, posted that according to sources, the U.S. SEC is preparing to adjust KYC requirements so that users only need to complete KYC verification once when accessing onchain tokenized securities.

The source also stated that the new arrangement may enhance composability across different onchain trading venues and tokenization platforms, allowing users to split orders and execute transactions across multiple trading venues through a zero-knowledge proof-based identity system. The relevant adjustments have not yet been officially confirmed by the SEC.

Odaily News: Bankless co-founder David Hoffman shared stock trading information for ZEC treasury company Cypherpunk Technologies on X, stating that CYPH has hit another all-time high and that his recent investment performance has been strong.

According to the trading information he shared, David Hoffman has achieved nearly 5x returns since buying CYPH in June.

Odaily News: A portion of Tether's funds is trapped at its partner bank EQIBank. U.S. law enforcement has seized approximately $89 million in assets related to EQIBank, accounting for about 80% of its currency holdings. The bank faces liquidation risk due to a securities fraud lawsuit involving payment processor Capstone Ltd. Tether stated that its exposure at EQIBank represents less than 0.034% of its total assets, without disclosing the specific amount.

Odaily Report: NVIDIA CEO Jensen Huang stated that if frontier AI labs cannot ensure AI safety, they must shut down the relevant labs and halt experiments.

Regarding concerns that frontier AI models from companies such as OpenAI, Anthropic, Meta, and Google could be "jailbroken" to perform physical actions, Huang stated that if AI experiments produce uncontrollable agents, the relevant labs could face civil and criminal liability and must bear the consequences. He believes the current discussion should focus on whether AI experiments are controllable, rather than generalized anxiety about frontier AI. (The New York Times)

Odaily reports that JPMorgan believes Bitcoin briefly rose above its average production cost of roughly $85,000 during this week's rebound; if it can stay above that level, it would ease cash flow pressure on miners and reduce the risk of forced selling. As of press time, Bitcoin has pulled back to around $84,600, having previously remained below that cost line for about 280 consecutive days.

The analyst team led by Nikolaos Panigirtzoglou noted that production cost is closer to a "soft floor" for Bitcoin rather than an absolute price support. The bank said Bitcoin's total network hashrate has dropped about 19% from its October peak last year, and mining difficulty has fallen about 15%. Some listed mining companies are reallocating resources to longer-term AI contracts with more stable revenue. Bitcoin's continued rise after the U.S. Senate failed to advance the CLARITY Act is also consistent with the view that short covering is driving the rebound.

Odaily reports that on-chain analyst Yu Jin has monitored that the $464 million risk protection fund Bitget claims can cover stolen assets is a total of 5,500 BTC, distributed across 3 wallet addresses.