Strategy and Robinhood now lead a $4.5 billion large-cap ETF that was not built for crypto

A $4.5 billion US large-cap stock fund now has two crypto-sensitive companies at the top of its portfolio.  Related Company Strategy Business intelligence software  The Fundstrat Granny Shots US Large Cap ETFs Sept. 4 holdings snapshot ranked Bitcoin-treasury company Strategy (MSTR) first at 3.02% and retail financial platform Robinhood Markets (HOOD) second at 2.99%. Together they represented 6.01% of the portfolio. The fund, known by its ticker GRNY, reported $4.533 billion in assets and 42 holdings as of Sept. 3.  GRNY owns equities, not Bitcoin, and describes itself as an actively managed US large-cap fund. Yet its two largest holdings connect shareholders to crypto through public companies: Strategy through its Bitcoin treasury and Robinhood through a trading business that includes crypto.  Related Asset Bitcoin BTC · $79,622.12 24-hour change: down 0.15%  The snapshot demonstrates one route by which crypto-linked volatility can reach investors in a generalist stock portfolio. One fund cannot establish that mainstream managers broadly are replacing direct crypto allocations with proxy stocks.  Related Company Robinhood American financial services company  The ranking followed an equal-weight reset and an MSTR rally  GRNYs Aug. 21 rebalance notice said all holdings would be reset to equal weight. Strategy and Robinhood were already in the portfolio and remained there; neither was

09-06انڈسٹری

Arbitrum (ARB) Suddenly Up 120%

With ARB rising from about $0.08 in late August to almost $0.20 in September, Arbitrum has begun one of its biggest rallies of 2025. The move from the recent base is now well over 120%, and the most recent daily candle alone added nearly 10%.  Inderect revenue source  Robinhood Chain, which functions as a specialized Arbitrum chain, seems to be the primary catalyst. Recently, Robinhood Chain surpassed $2 million in revenue from 24-hour transactions, and 10% of net protocol revenue is returned to the Arbitrum ecosystem. If the activity continued at that rate, Arbitrums share would annualize to about $73 million.  ARB/USDT Chart by TradingView  As a result, ARBs core narrative is now far clearer than it was in the preceding months. In late August, Robinhood Chains gross revenue reportedly surged from approximately $54,700 on August 22 to over $1.08 million on August 30, and Arbitrums matching stake increased to $108,000 from about $5,400. Metrics for the broader ecosystem have also improved.  According to the Arbitrum Foundation, its networks handled 478 million transactions in the first half of 2025, and the average monthly volume of stablecoin transfers surpassed $70 billion. During that time, ArbitrumDAO earned $6.19 million, and in July, Robinhood Chains first month on

09-06انڈسٹری

Tether-backed Orionx to shut down after audit flags $7M custody gap

Orionx, a Chilean crypto exchange backed by USDt stablecoin issuer Tether, is shutting down after uncovering a multimillion-dollar issue linked to asset custody.  The exchange said it began a permanent closure process after a forensic audit found more than $7 million in custodial assets had moved to wallets it did not manage, according to a company announcement shared on X on Thursday.  “Our sole priority now is to return as much of our clients assets as possible,” Orionx said, adding that withdrawals are temporarily suspended.  The closure comes just 15 months after Tether led Orionxs Series A as part of its push to expand digital asset adoption in Latin America.  Orionx leaves timing of $7 million transfers unclear  Orionxs post did not specify when the more than $7 million in transfers occurred or how the discrepancy was initially uncovered.  As part of its efforts to comply with Chile‘s Fintech Law, Orionx conducted a review of its operations in 2025 and brought in financial professionals, according to the major Chilean newspaper La Tercera, citing the company’s criminal complaint.  On Aug. 27, chief operating officer Thomas Mac Millan detected a “significant mismatch” between balances recorded in Orionxs systems and assets actually held in custody, according to the complaint.  Related: BitMEX

09-06انڈسٹری

Hyperliquid burns $830K in HYPE near record high

Hyperliquid repurchased and burned approximately 9,730 HYPE tokens during the 24 hours ending Sept. 6, according to blockchain data published by Onchain Lens.  The transactions were worth about $829,500 at an average purchase price of $85.27 per token. The latest activity increased the amount of HYPE classified as burned to approximately 48.42 million tokens.  That total represents about 4.84% of HYPEs original maximum supply of 1 billion tokens. At a price of roughly $85.50, the cumulative balance would be valued near $4.14 billion.  The $4.14 billion figure is a mark-to-market calculation. It does not represent the amount Hyperliquid spent acquiring the tokens. The Assistance Fund purchased HYPE at different prices over time, and Onchain Lens did not publish a cumulative acquisition cost in its latest update.  HYPERLIQUID BURNS $830K HYPE IN 24 HOURS  Hyperliquid bought and burned 9.73K $HYPE (~$829.5K) over the past 24 hours at an $85.27 average price.  Lifetime:  · 48.42M $HYPE burned  · ~$4.14B at current value  · 4.84% of max supply permanently removed  — Onchain Lens (@OnchainLens) September 6, 2026  Hyperliquid burns HYPE through its Assistance Fund  Hyperliquid uses an automated mechanism called the Assistance Fund to direct most eligible protocol fee revenue toward open-market HYPE purchases. The tokens are then removed from circulating and total supply under

09-06انڈسٹری

Binance launches PONS and Hajimi perpetual futures

Binance Futures launched two USDT-settled perpetual contracts on Sept. 6, adding markets for Pons (PONS) and the Chinese meme coin 哈基米, commonly rendered as Hajimi.  The PONSUSDT contract opened at 06:45 UTC. HajimiUSDT followed at 07:15 UTC, according to Binance announcement. Both products allow eligible traders to take leveraged positions without owning the underlying tokens.  The launches followed sharp price increases for both assets. At the time of the initial report, PONS traded near $0.891 after gaining about 23.9% over 24 hours. Hajimi was quoted near $0.0584 following an approximately 248.5% increase.  Later information on Binance Alpha showed Hajimi near $0.070 and up more than 330% over 24 hours. The difference reflects the tokens rapid movement and the timing of each price snapshot. These figures describe past trading conditions and do not establish a continuing trend.  Binance futures contracts use USDT settlement  PONSUSDT and HajimiUSDT are USDⓈ-margined perpetual contracts settled in USDT. Perpetual contracts have no scheduled expiration date. They use recurring funding payments to help keep their prices aligned with the relevant underlying markets.  Binance set the minimum order at one token for each contract. Each order must have a notional value of at least 5 USDT. The PONSUSDT tick size is 0.0001, while HajimiUSDT

09-06انڈسٹری

From power laws to AI networks, why complex Bitcoin price models memorize market noise

Bitcoin price forecasting has accumulated an unusually colorful collection of methods.  Related Asset Bitcoin #1 BTC · $79,622.12 24-hour change: down 0.15% 24H Down 0.15% 7D Up 1.06% 30D Up 22.59%  You have basic scarcity models that convert the halving schedule into a price, and run-of-the-mill on-chain models that turn address or transaction activity into value.  The highly contested power-law charts draw an ascending corridor through Bitcoins history, and machine-learning systems feed market and macroeconomic data into incredibly complex software.  Each of those approaches enters the price-prediction contest against a very shallow, dumbed-down opponent: naive forecasts that use only current market information. A price forecast can use todays price, a return forecast can use zero, and a direction forecast can use a random walk.  Much of the academic literature has struggled to beat it once a model leaves the period in which it was designed.  A May 2026 preprint reviewing Bitcoin prediction research by Carlos Baquero of the University of Porto reached a pretty sobering conclusion: across the peer-reviewed record, no model had demonstrated durable superiority over the appropriate naive benchmark at horizons of one to six months across several market regimes.  The literature contains hundreds of papers, while Baquero selected 23 for close examination based on

09-06انڈسٹری

Ripple Swell adds former RBI governor Raghuram Rajan

Ripple has added former Reserve Bank of India Governor Raghuram Rajan to the opening program for Swell 2026, its annual conference focused on payments, digital assets and financial infrastructure.  The company announced on Sept. 4 that Rajan will participate in the Institutional Summit on Oct. 27. The invitation-only gathering will open Swell week before the wider conference program runs through Oct. 29.  Swell 2026 will take place at The Shed in New York City. Ripple is combining Swell with its developer-focused XRPL Apex conference for the first time, bringing institutional finance and XRP Ledger development into one event.  Ripple has not disclosed Rajans discussion topic, session time or appearance format. The event website lists him as a speaker but does not indicate whether he will deliver a keynote, join a panel or participate in a moderated discussion.  Swell week starts October 27 with the Institutional Summit.  Joining us: Raghuram Rajan, former governor of the Reserve Bank of India, professor of finance at Chicago Booth, and co-leader of the Federal Reserves Balance Sheet Policy task force.  Request an invitation:…  — Swell (@RippleSwell) September 4, 2026  Ripple Swell begins with an institutional summit  The Institutional Summit is scheduled for Oct. 27 and requires prospective attendees to request an invitation. Ripple is

09-06انڈسٹری

Orionx Halts Operations After Audit Uncovers $7M Financial Hole

Key TakeawaysOrionx halted withdrawals and is shutting down after a forensic audit revealed a $7M financial shortfall.Orionx filed criminal complaints against its founders for allegedly losing user funds in speculative trading.Regulators revealed Orionx operated illegally, leaving over 100,000 users with no guarantee of full refunds.  Orionx Halts Customer Withdrawals Amidst $7 Million Fund Deficit  Chile, which had discussed adopting bitcoin as a reserve asset since 2025, is facing what might be the biggest crypto crisis in its history.  Orionx, a Chile-based exchange founded in 2017 with a registered user base of over 100,000 customers that benefited from crypto‘s popularity among young users, is winding down operations after discovering a multi-million-dollar hole in its finances. On its site, the company states the decision follows a forensic audit that detected a series of transactions moving over $7 million to wallets outside the company’s control.  The exchange claims that the audit determined that “two of Orionxs founding partners, Joaquín Díaz and Roberto Zibert—along with other former employees of the company—were allegedly aware of and involved in one or more transactions that gave rise to the asset-liability mismatch.”  In addition, Orionx reported these occurrences to the national Public Prosecutors Office to embark on a probe to clarify these movements,

09-06انڈسٹری

Bitcoins Link to Gold Hits a 6-Year High as Tech Correlation Fades: Why It Matters

Bitcoin has frequently been criticized for behaving more like a leveraged tech stock rather than ‘digital gold,’ but this hasnt been the case lately.  The correlation between the leading cryptocurrency and the largest financial asset, gold, has climbed to its highest level since the 2020 pandemic, while its relationship with the Nasdaq has weakened significantly.  The shift comes as concerns about debt, deficits, and currency debasement return to the spotlight after the latest developments in the US.  Closer to Gold  The change started to occur following the mid-August rally, which was propelled by the US Treasury Departments announcement that it would at least double the maximum size of liquidity-support buybacks for longer-dated government debt, going from $2 billion to $4 billion per operation.  BTC rocketed from under $65,000 to over $80,000 within days, while the bullion went from $4,350/oz to $4,700/oz before it was rejected.  The analysts at the Kobeissi Letter argued that BTC‘s increasing correlation with the precious metal accelerated following the Treasury’s move, with investors increasingly treating both as protection against currency debasement, even though gold has lost a major chunk of its gains.  Grayscales Head of Research, Zach Pandl, supported this narrative, noting recently that the bitcoin-gold correlation has climbed from near zero at

09-06انڈسٹری

Fed Rate Hike Could Hit XRP Hard: ChatGPT Reveals How Low Ripple's Price Could Go

XRP‘s case is even more interesting than bitcoin’s, it said.  The monetary landscape in the United States changed in the past week or so, first after the hawkish stance taken by the current Federal Reserve Chairman, Kevin Warsh, and then following last Fridays strong US jobs report.  As such, the expectations have changed, with investors and experts pricing in a potential rate hike for the next FOMC meeting scheduled to take place on September 15-16. After answering how this could impact BTC, we turned our focus to XRP, whose case was described as “arguably more interesting than bitcoins,” by ChatGPT.  What Happens to XRP Then?  With the current odds on prediction markets at well over 50% for a rate hike in September, the warning signs for risk-on assets are fully flashing. This was felt on Friday briefly after the jobs report, with BTC dropping by $3,000 and XRP slumping from $1.45 to under $1.40, where it found support.  ChatGPT estimated that the cross-border token is likely to react “more violently to a Fed hike” even though it has two cushions: strong ETF demand and the CLARITY Act process. The initial reaction to a 25 bps increase on September 16 would be a 4%-8% decline, the

09-06انڈسٹری
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