JrKripto - Everything about Crypto

September Starts Fast for Crypto Regulation

<p class="text-left mb-4 ">The crypto market entered September with new regulations and key deadlines. Russia introduced a crypto purchase limit for retail investors, while Pakistan gave companies operating in the country a final deadline to apply.</p><p class="text-left mb-4 ">Singapore is also working on new rules for the stablecoin market. In the UK, applications for licenses under the new crypto regime will open at the end of this month.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Russia introduces annual limit on crypto purchases</h2><p class="text-left mb-4 ">Russia’s Federal Law 282-FZ, which regulates the <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noopener noreferrer" class="text-primary underline">crypto</a> market, came into force on September 1. The new system allows retail investors to buy cryptocurrencies through licensed intermediaries.</p><p class="text-left mb-4 ">However, investors must first pass an eligibility test. They can then purchase up to 300,000 rubles, around $3,500, worth of crypto per year through a single intermediary.</p><p class="text-left mb-4 ">The use of cryptocurrencies as a means of payment within Russia remains prohibited. Crypto exchanges have until July 2027 to complete their registration processes.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Pakistan gives crypto firms until September 5</h2><p class="text-left mb-4 ">In Pakistan, the focus is directly on crypto companies. Under the Virtual Assets Act, which came into force in March, platforms already operating in the country were given six months to submit an application.</p><p class="text-left mb-4 ">That deadline expires on September 5. Companies that fail to apply will be required to stop providing services in Pakistan.</p><p class="text-left mb-4 ">The country’s regulatory approach has changed significantly in recent months. In April, the State Bank of Pakistan allowed licensed crypto companies to open bank accounts. This removed one of the restrictions that had been in place since 2018.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Singapore opens stablecoin rules for consultation</h2><p class="text-left mb-4 ">The Monetary Authority of Singapore (MAS) has published a new regulatory proposal for the stablecoin market. The framework would tighten reserve and redemption requirements for stablecoin issuers.</p><p class="text-left mb-4 ">Under the proposal, issuers would be required to fully back their stablecoins with reserves and allow users to redeem tokens at par value. Stablecoin holders would also not be allowed to earn interest.</p><p class="text-left mb-4 ">MAS will accept feedback on the proposal until October 16. The rules have not yet entered into force.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">UK applications to open on September 30</h2><p class="text-left mb-4 ">The UK is also preparing to enter an important phase of its regulatory process at the end of September. Under the Financial Conduct Authority’s new crypto regime, companies will be able to apply for authorization starting September 30.</p><p class="text-left mb-4 ">The application window will remain open until February 28, 2027. The new crypto regulatory regime is expected to become fully effective on October 25, 2027.</p><p class="text-left mb-4 ">September has therefore started with new rules and regulatory deadlines affecting crypto companies and investors across several major markets.</p>

1 Sep 2026

Ethena Pay Goes Live as ENA Jumps 9 Percent

<p class="text-left mb-4 ">Ethena is preparing to bring its crypto-based dollar products into everyday financial use. The project has launched Ethena Pay, an app that combines savings, card spending and international money transfers.</p><p class="text-left mb-4 ">Ethena Pay went live on Apple’s App Store on Tuesday, September 1. The company describes the product as an “internet money neobank,” offering a 6% dollar savings yield and 5% cashback on card purchases.</p><p class="text-left mb-4 ">Following the announcement, Ethena’s native token <a href="https://jrkripto.com/tr/coin/ena" target="_blank" rel="noreferrer" class="text-primary underline">ENA </a>rose by around 9%. The token outperformed the broader crypto market, which remained largely flat.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/enausdt-2026-09-01-17-15-48-bff9f66d.webp" alt="ENAUSDT_2026-09-01_17-15-48.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What services does Ethena Pay offer?</h2><p class="text-left mb-4 ">Ethena Pay aims to make stablecoin usage feel closer to a traditional bank account. Users can save dollars, make card payments and send international money transfers through the same app.</p><p class="text-left mb-4 ">The platform also supports free fiat onramps for the US dollar, British pound and euro. Local currencies and IBANs connected to self-custodial stablecoin accounts are also among the available features.</p><p class="text-left mb-4 ">This could reduce the need for users to constantly move funds between a crypto wallet, exchange and bank account before making payments. Ethena aims to connect its savings products directly with payment infrastructure.</p><p class="text-left mb-4 ">Ethena Pay also includes a feature called “Buy Now Pay Never.” The system is designed to use returns generated from a user’s savings to cover purchases without drawing down the principal.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Avalanche to power Ethena Pay settlements</h2><p class="text-left mb-4 ">Ethena selected Avalanche as the payment and settlement infrastructure for the app. The AVAX network will handle money movements, transfers, payments and transaction settlements within Ethena Pay.</p><p class="text-left mb-4 ">Avalanche will therefore serve as the exclusive settlement network for Ethena Pay. The decision also marks a notable shift from the largely Ethereum-centered infrastructure that supported much of Ethena’s earlier growth.</p><p class="text-left mb-4 ">Ethena Pay is not yet available to a broad user base. Only 400 early-access users will be able to use the app during the initial phase.</p><p class="text-left mb-4 ">Ethena plans to increase the number of users each week. The app is expected to gradually move out of beta throughout September.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Ethena expands beyond USDe</h2><p class="text-left mb-4 ">USDe has so far remained at the center of Ethena’s growth strategy. The synthetic dollar, with a market size of around $4 billion, gained prominence largely through yields generated from crypto basis trade strategies.</p><p class="text-left mb-4 ">However, the project has recently started diversifying its sources of returns. Last week, Ethena introduced changes to ENA token economics and outlined plans to use equity perpetual futures as another source of yield for USDe.</p><p class="text-left mb-4 ">Earlier this year, the company also introduced a savings product with Coinbase. The partnership opened another distribution channel for Ethena’s dollar products through Coinbase’s large user base.</p><p class="text-left mb-4 ">Ethena Pay now extends this strategy from savings into everyday spending. If the product scales as planned, Ethena could evolve beyond its USDe-centered DeFi model into a platform offering financial services directly to consumers. </p>

1 Sep 2026

Chairman of Turkey-Based Crypto Exchange Bitexen Arrested

<p class="text-left mb-4 ">Kemal Cenk Erdem, Chairman of the Board and a shareholder of Bitexen, was arrested as part of the DinamikPay investigation. The case, led by the Istanbul Chief Public Prosecutor’s Office, focuses on allegations involving the transfer of illegal betting proceeds and the laundering of assets derived from crime.</p><p class="text-left mb-4 ">The arrest decision also referred to certain financial transactions linked to DinamikPay and Bitexen. However, currently available information does not indicate that Bitexen itself has been seized or that customer accounts on the platform have been broadly frozen.</p><p class="text-left mb-4 ">Erdem denied the allegations against him. The arrest was ordered as part of an ongoing investigation, and there is no final conviction against him.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitexen connection in the DinamikPay investigation</h2><p class="text-left mb-4 ">The Istanbul Chief Public Prosecutor’s Office is investigating DinamikPay Elektronik Para ve Ödeme Hizmetleri AŞ over allegations related to illegal betting and money laundering.</p><p class="text-left mb-4 ">As part of the investigation, authorities reviewed reports from MASAK as well as findings from the Central Bank of the Republic of Türkiye and TÖDEB. DinamikPay was found to have processed approximately 17.9 billion lira in money transfers during 2024 and 2025.</p><p class="text-left mb-4 ">This figure does not represent Bitexen’s cryptocurrency trading volume. The 17.9 billion lira amount refers to the money transfers examined at DinamikPay, which is at the center of the investigation.</p><p class="text-left mb-4 ">A total of 13 suspects were detained in the initial operation. Authorities also seized 8 vehicles, 33 residences and 50 plots of land believed to be linked to criminal proceeds, while restrictions were imposed on 126 bank and cryptocurrency accounts.</p><p class="text-left mb-4 ">DinamikPay itself was also seized under a decision issued by an Istanbul Criminal Judgeship of Peace.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What did the arrest decision say about Kemal Cenk Erdem?</h2><p class="text-left mb-4 ">Kemal Cenk Erdem was detained at a later stage of the investigation and referred to a criminal judgeship of peace with a request for his arrest following his statement to prosecutors. The court subsequently ordered his arrest.</p><p class="text-left mb-4 ">The decision stated that Erdem was not listed in the trade registry as a direct shareholder, board member or authorized representative of DinamikPay. However, it also noted that he is married to Ayşin Erdem, the company’s founder and long-time controlling shareholder.</p><p class="text-left mb-4 ">According to the court’s assessment, financial transactions linked to Bitexen and Kemal Cenk Erdem were identified among the sources of capital used by DinamikPay and Dinamik Yatırım. Authorities also reported nearly 100 million lira in two-way financial transfers between Kemal Cenk Erdem and Ayşin Erdem.</p><p class="text-left mb-4 ">Statements included in the case file alleged that Erdem played an influential role in the financial decision-making process of the group of companies. The court concluded that financial records, corporate connections and witness statements provided grounds for the investigation to be expanded.</p><p class="text-left mb-4 ">Erdem denied the allegations in his defense before the court. He argued that there had been no commercial activity between Bitexen and DinamikPay in which he was involved.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What does this mean for Bitexen users?</h2><p class="text-left mb-4 ">For <a href="https://jrkripto.com/tr/exchanges/bitexen" target="_blank" rel="noreferrer" class="text-primary underline">Bitexen </a>users, the most significant aspect of the investigation is that financial transactions linked to the company and Erdem have entered the case file. However, it is important to distinguish between the measures publicly announced so far and Bitexen’s own operations.</p><p class="text-left mb-4 ">Official sources clearly confirm that DinamikPay was seized. However, currently available statements do not indicate that Bitexen itself has been seized, that the platform’s operations have been suspended or that all customer assets held at Bitexen have been frozen.</p><p class="text-left mb-4 ">The next stages of the investigation will therefore be closely watched by cryptocurrency investors. Bitexen’s deposit and withdrawal operations, any potential measures involving customer assets and possible actions by regulators are among the key issues to monitor.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bitexen remains on the CMB list</h2><p class="text-left mb-4 ">Bitexen Kripto Varlık Alım Satım Platformu AŞ remained on the Capital Markets Board of Türkiye’s “List of Operating Companies” as of September 1. The company ranked sixth on the list.</p><p class="text-left mb-4 ">However, the CMB explicitly states that inclusion on this list does not constitute a final operating license. The list is maintained to publicly identify companies that have declared their intention to operate as crypto asset service providers.</p><p class="text-left mb-4 ">The investigation remains ongoing with regard to other suspects and corporate connections. Any new judicial or regulatory decision involving Bitexen could further increase the significance of the case for Türkiye’s cryptocurrency market. </p>

1 Sep 2026

Memecoin Traffic on Robinhood Chain Hits Record High

<p class="text-left mb-4 ">Robinhood Chain recorded its busiest day yet as memecoin activity accelerated. The network processed 5.52 million transactions on August 30, while decentralized exchange volume reached approximately $875 million.</p><p class="text-left mb-4 ">The Ethereum-compatible network launched on July 1 to bring tokenized stocks onto the blockchain. However, recent data shows that memecoin trading accounts for much of its current activity.</p><p class="text-left mb-4 ">Applications on Robinhood Chain generated $2.66 million in revenue during the same period. This placed the network behind only Solana in terms of app revenue.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Robinhood Chain breaks transaction record</h2><p class="text-left mb-4 "><a href="https://arbdata.com/robinhood" target="_blank" rel="noopener noreferrer" class="text-primary underline">On-chain data shows</a> that Robinhood Chain processed 5.52 million transactions on August 30. This marked the network’s highest daily total since its launch.</p><p class="text-left mb-4 ">Daily transactions stood below one million in early July. The network surpassed 5 million transactions per day within approximately two months.</p><p class="text-left mb-4 ">Trading volume on decentralized exchanges also reached around $875 million. Uniswap accounted for most of this activity.</p><p class="text-left mb-4 ">Its latest version processed approximately $432 million in trades. The previous version recorded another $357 million in volume.</p><p class="text-left mb-4 ">Combined volume across the two Uniswap versions reached $789 million. This represented about 90% of Robinhood Chain’s daily decentralized exchange volume.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Only Solana ranks higher in app revenue</h2><p class="text-left mb-4 "><a href="https://defillama.com/revenue/chain/robinhood-chain" target="_blank" rel="noopener noreferrer" class="text-primary underline">DefiLlama data</a> shows that applications on Robinhood Chain generated approximately $2.66 million over 24 hours. The network surpassed competitors including Ethereum and Base in app revenue.</p><p class="text-left mb-4 ">Solana ranked first with $5.07 million during the same period. Robinhood Chain’s total was roughly twice the revenue generated by Ethereum applications and six times that of apps on Base.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/robinhood-chain-fees-revenue-2026-08-31-82f19eef.webp" alt="Robinhood Chain-fees-Revenue_2026-08-31.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The figure does not represent revenue earned directly by Robinhood. It reflects the fees that applications running on the network collected from users.</p><p class="text-left mb-4 ">A small group of applications generated most of the revenue. <a href="https://jrkripto.com/tr/category/meme-token" target="_blank" rel="noreferrer" class="text-primary underline">Memecoin </a>trading tool GMGN, token launch platform Pons and Uniswap accounted for approximately 88% of the total.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Pons launches 22,600 tokens in one day</h2><p class="text-left mb-4 ">Pons emerged as another major source of activity on Robinhood Chain. The platform allows users to create and open new tokens for trading directly from their crypto wallets.</p><p class="text-left mb-4 "><a href="https://www.ponsfamily.com/analytics" target="_blank" rel="noopener noreferrer" class="text-primary underline">Pons data shows</a> that approximately 22,600 new tokens launched in a single day. Daily token creation increased by more than 40% from the previous day.</p><p class="text-left mb-4 ">Animal-themed memecoins and tokens inspired by short-lived internet trends made up a significant portion of the new assets. This suggests that speculative token activity is driving transaction growth more than demand for tokenized stocks.</p><p class="text-left mb-4 ">Cash Cat, one of the network’s prominent memecoins, also benefited from the growing interest. The token’s price more than doubled during the week ending August 25.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Tokenized stocks remain in the background</h2><p class="text-left mb-4 ">Robinhood launched the network on July 1 to represent traditional financial assets on the blockchain. Tokenized stocks were the main use case highlighted in the project’s announcement.</p><p class="text-left mb-4 ">However, data published two weeks after the network’s launch showed that memecoins had quickly gained a dominant position in its activity. Robinhood-themed tokens multiplied, while tokenized stocks represented only a small portion of the assets on the network. </p>

31 Aug 2026

Strategy, Strive and BitMine Buy 6,403 BTC and 53,501 ETH

<p class="text-left mb-4 ">Strategy, Strive and BitMine expanded their cryptocurrency reserves in the final week of August. Strategy and Strive purchased a combined 6,403 BTC, while BitMine added 53,501 ETH to its Ethereum portfolio.</p><p class="text-left mb-4 ">Strategy and Strive spent a total of $512.7 million on their Bitcoin purchases. BitMine’s latest ETH acquisition was worth approximately $134 million based on the price cited in its announcement.</p><p class="text-left mb-4 ">The latest disclosures show that publicly traded crypto treasury companies have returned to buying. Strategy also combined its purchase with common stock sales, cash management and STRC share repurchases.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Strategy bought Bitcoin after a 10-week pause</h2><p class="text-left mb-4 "><a href="https://bitcointreasuries.net/news/strategy-buys-4603-bitcoin-and-continues-strc-buybacks" target="_blank" rel="noopener noreferrer" class="text-primary underline">According to figures disclosed by Strategy</a>, the company purchased 4,603 BTC for $369.7 million between August 24 and August 30. The average purchase price was $80,318 per Bitcoin, including fees and expenses.</p><p class="text-left mb-4 ">The transaction marked Strategy’s first Bitcoin purchase in approximately 10 weeks. Its total holdings consequently increased to 845,050 BTC.</p><p class="text-left mb-4 ">The company’s Bitcoin portfolio has an aggregate purchase cost of $63.73 billion. Its average purchase price across the entire portfolio stands at $75,412 per Bitcoin.</p><p class="text-left mb-4 ">Strategy funded the purchase through sales of its Class A MSTR common stock. The company sold 4.53 million MSTR shares during the week, generating net proceeds of $602.8 million.</p><p class="text-left mb-4 ">It allocated $369.7 million of the proceeds to the Bitcoin purchase. Strategy also repurchased 1.56 million STRC preferred shares for $151.8 million.</p><p class="text-left mb-4 ">Another $50.7 million funded STRC dividend payments. The company transferred the remaining $30 million to its more flexible USD Cash account.</p><p class="text-left mb-4 ">Strategy’s USD Cash balance increased to $1.61 billion. Its USD Reserve, which supports preferred stock dividends and debt interest payments, remained at $5.1 billion.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Strive purchased 1,800 BTC</h2><p class="text-left mb-4 ">Strive announced that it purchased 1,800 BTC for $143 million during the same week. The average purchase price was $79,431 per Bitcoin, including fees and expenses.</p><p class="text-left mb-4 ">According to figures shared by Strive CEO Matt Cole, the company’s total Bitcoin holdings increased from 21,356 BTC to 23,156 BTC. Strive therefore expanded its reserves by approximately 8.4 percent in one week.</p><p class="text-left mb-4 ">The latest acquisition strengthened Strive’s position among the largest publicly traded corporate Bitcoin holders. The company ranks sixth in the <a href="https://jrkripto.com/tr/bitcoin-treasuries" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bitcoin Treasuries</a> list with 23,156 BTC.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-08-31-162336-3f9ef612.webp" alt="Ekran görüntüsü 2026-08-31 162336.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Strategy and Strive added a combined 6,403 BTC to their reserves through their latest purchases. The two companies spent a total of $512.7 million on the transactions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">BitMine added 53,501 ETH</h2><p class="text-left mb-4 ">BitMine also expanded its Ethereum reserves during the same period. The company announced that it purchased 53,501 ETH last week.</p><p class="text-left mb-4 ">According to BitMine’s weekly update, its total holdings reached 5,901,112 ETH. This amount represents approximately 4.9 percent of Ethereum’s circulating supply.</p><p class="text-left mb-4 ">BitMine has now completed 98 percent of its goal to acquire 5 percent of the Ethereum supply. The company has also purchased ETH for 65 consecutive weeks since launching its treasury strategy in June 2025.</p><p class="text-left mb-4 ">BitMine currently uses 5.07 million ETH in staking systems. This amount represents approximately 86 percent of its total Ethereum reserves.</p><p class="text-left mb-4 ">The combined value of the company’s crypto assets, cash, marketable securities and other investments reached $15.6 billion. Its portfolio also includes 211 BTC and $541 million in cash and marketable securities.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Share sales will also remain in focus</h2><p class="text-left mb-4 ">The three announcements show that corporate cryptocurrency purchases accelerated at the end of August. Strategy and Strive remain focused on Bitcoin, while BitMine continues accumulating Ethereum and generating staking income.</p><p class="text-left mb-4 ">However, the funding sources behind these purchases remain important. Common stock sales can create dilution for existing shareholders even when a company’s total crypto reserves grow.</p><p class="text-left mb-4 ">Investors may therefore need to look beyond the total amount of BTC or ETH held. Crypto assets per share, cash reserves and financing costs will also influence the performance of these companies.</p>

31 Aug 2026

Regulation

September Starts Fast for Crypto Regulationabout 14 hours ago

Altcoin

Ethena Pay Goes Live as ENA Jumps 9 Percentabout 14 hours ago

Regulation

Chairman of Turkey-Based Crypto Exchange Bitexen Arrestedabout 21 hours ago

Altcoin

Memecoin Traffic on Robinhood Chain Hits Record High1 day ago

ETH, BTC

Strategy, Strive and BitMine Buy 6,403 BTC and 53,501 ETH1 day ago

Regulation

September Starts Fast for Crypto Regulationabout 14 hours ago

Altcoin

Ethena Pay Goes Live as ENA Jumps 9 Percentabout 14 hours ago

Regulation

Chairman of Turkey-Based Crypto Exchange Bitexen Arrestedabout 21 hours ago

Altcoin

Memecoin Traffic on Robinhood Chain Hits Record High1 day ago

ETH, BTC

Strategy, Strive and BitMine Buy 6,403 BTC and 53,501 ETH1 day ago

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