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Memecoin Traffic on Robinhood Chain Hits Record High

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

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
Crypto Week Ahead: 25 Events to Watch as U.S. Jobs Data Takes Center Stage

Crypto Week Ahead: 25 Events to Watch as U.S. Jobs Data Takes Center Stage

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>started the Aug. 31-Sept. 6 week at around $77,900. Expectations that the Federal Reserve could raise interest rates in September and escalating tensions in the Middle East pushed the market into a more cautious mood following last week’s gains.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-08-31-14-40-50-34d17dd1.webp" alt="BTCUSDT_2026-08-31_14-40-50.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The main focus of the week will be the U.S. employment report due Friday. On the crypto side, Russia’s new law, Mina’s Mesa upgrade, delisting decisions from Binance and BitMEX, and supply developments involving SUI, EIGEN, ENA and HYPE will be closely watched.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">U.S. employment data could reshape Fed expectations</h2><p class="text-left mb-4 ">Fed Chair Kevin Warsh’s Jackson Hole speech pushed the probability of a September interest rate hike to around 60%. Warsh said inflation remained high and further tightening could be needed to restore price stability.</p><p class="text-left mb-4 ">The first major test of this pricing will arrive on Tuesday, Sept. 1. The U.S. Bureau of Labor Statistics will release July’s JOLTS job openings data at 5:00 p.m. Turkey time.</p><p class="text-left mb-4 ">The market expects the number of job openings to remain near 7.4 million. The ISM manufacturing PMI, scheduled for release at the same time, is expected to come in at 55.1.</p><p class="text-left mb-4 ">The ADP private-sector employment report will be released on Wednesday, Sept. 2, at 3:15 p.m. Turkey time. ADP’s official calendar confirms the date, while market expectations point to an increase of 45,000 jobs.</p><p class="text-left mb-4 ">The Fed will also <a href="https://www.federalreserve.gov/newsevents/2026-september.htm" target="_blank" rel="noreferrer" class="text-primary underline">publish </a>its Beige Book report on Wednesday at 9:00 p.m. Turkey time. The report will offer insight into employment, wages, prices and how businesses assess the economic outlook.</p><p class="text-left mb-4 ">Weekly initial jobless claims will be released on Thursday at 3:30 p.m. Turkey time. Economists expect 205,000 applications, compared with the previous reading of 203,000.</p><p class="text-left mb-4 ">The ISM services PMI will follow at 5:00 p.m. Turkey time. The index is expected to rise from 54.1 to 54.4.</p><p class="text-left mb-4 ">The strongest market reaction of the week could form around Friday’s nonfarm payrolls report, scheduled for 3:30 p.m. Turkey time. According to the BLS calendar, the report will cover employment and wage changes in August.</p><p class="text-left mb-4 ">The market expects the U.S. economy to have added 50,000 jobs. Employment declined by 23,000 in July.</p><p class="text-left mb-4 ">The unemployment rate is expected to remain at 4.1%. Average hourly earnings are forecast to increase by 0.2% monthly and 3% annually.</p><p class="text-left mb-4 ">Strong employment and wage figures could increase the likelihood of a rate hike at the Sept. 15-16 FOMC meeting. A weaker result could strengthen expectations that the Fed will remain on hold despite Warsh’s inflation warnings.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Russia’s sweeping crypto law takes effect</h2><p class="text-left mb-4 ">Russia’s new <a href="https://www.cbr.ru/eng/press/event/?id=32724" target="_blank" rel="noreferrer" class="text-primary underline">regulations </a>for the digital currency market will take effect on Sept. 1. According to the Central Bank of Russia, both qualified and non-qualified investors will be able to trade cryptocurrencies through licensed intermediaries.</p><p class="text-left mb-4 ">Annual purchases by non-qualified investors will be limited to 300,000 rubles at each intermediary. These users will also have to pass a suitability test before trading.</p><p class="text-left mb-4 ">Qualified investors will also be subject to testing, although they will not face limits on assets or transaction amounts. The regulation brings foreign stablecoins under Russia’s cryptocurrency rules as well.</p><p class="text-left mb-4 ">Licensed crypto exchanges and digital asset custodians will operate under the new system. The law does not allow cryptocurrencies to be used for payments for goods and services within Russia.</p><p class="text-left mb-4 ">Exporters and importers will be able to use cryptocurrencies for cross-border payments. Existing companies have until July 1, 2027, to obtain licenses and bring their operations into compliance with the new rules.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Eurozone inflation and oil prices in focus</h2><p class="text-left mb-4 ">Eurostat will release the eurozone’s preliminary August inflation data on Tuesday, Sept. 1, at noon Turkey time. Eurostat’s previous report put July inflation at 2.9%.</p><p class="text-left mb-4 ">Market forecasts for August are concentrated between 3.2% and 3.3%. Rising energy costs are expected to be the main factor pushing headline inflation higher.</p><p class="text-left mb-4 ">Brent crude rose by more than 2% on Monday, approaching $90.60. U.S. attacks on Iran and Tehran’s response renewed concerns over global supplies.</p><p class="text-left mb-4 ">Persistently high oil prices could increase interest rate pressure on the Fed and the European Central Bank. This environment may affect risk assets, including Bitcoin, through the U.S. dollar and government bond yields.</p><p class="text-left mb-4 ">The meeting of G20 finance ministers and central bank governors is also taking place in Asheville from Aug. 31 to Sept. 1. According to the U.S. Treasury’s program, the agenda includes global growth, trade imbalances, inflation, public debt and the war with Iran.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Mina network to activate Mesa upgrade</h2><p class="text-left mb-4 ">Mina Protocol will conduct its Mesa mainnet upgrade on Thursday, Sept. 3. According to the project’s detailed migration schedule, the network will stop accepting transactions at 1:00 p.m. Turkey time.</p><p class="text-left mb-4 ">Block production is expected to pause temporarily at 6:00 p.m. The Mesa package will be released at 7:30 p.m., with the first Mesa block expected at 9:00 p.m.</p><p class="text-left mb-4 ">Mesa will increase zkApp capacity and shorten block intervals. The upgrade will also introduce an automatic upgrade mechanism designed to simplify future protocol transitions.</p><p class="text-left mb-4 ">Existing zkApps will need to update their verification keys using o1js 3.0. Exchanges may suspend MINA deposits and withdrawals while the network is offline.</p><p class="text-left mb-4 ">The Mina team will make its final “proceed or postpone” decision on Aug. 31. If an insufficient number of validators upgrade to the required version, the project may set a new date.</p><p class="text-left mb-4 ">Zilliqa is also expected to conduct a block-height-based hard fork on Sept. 2. The estimated activation time is 3:58 p.m. Turkey time, although this could change depending on the speed of block production.</p><p class="text-left mb-4 ">The update aims to transfer some older wallet balances frozen due to a security issue in the Ledger application to new addresses. Zilliqa’s incident page shows that transactions on the legacy network have been temporarily suspended.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance and BitMEX to implement delistings</h2><p class="text-left mb-4 ">BitMEX will delist 11 perpetual futures contracts on Wednesday, Sept. 2, at 3:00 p.m. Turkey time. The exchange will close open contracts through early settlement at the same time.</p><p class="text-left mb-4 ">BitMEX’s announcement shows that the decision applies only to derivatives contracts. Users should review the automatic settlement conditions and reference price calculations.</p><p class="text-left mb-4 ">Binance will end spot trading for ICON, Secret and Storj on Thursday, Sept. 3, at 6:00 a.m. Turkey time. According to the official announcement, all spot pairs involving ICX, SCRT and STORJ will be removed.</p><p class="text-left mb-4 ">Open spot orders involving these assets will be canceled at the same time. Binance will stop crediting deposits made after 6:00 a.m. Turkey time on Sept. 4.</p><p class="text-left mb-4 ">Withdrawals will remain available until 6:00 a.m. Turkey time on Nov. 3. The exchange said it may convert any remaining tokens into stablecoins after the deadline, although the conversion is not guaranteed.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">ENA, SUI, EIGEN and HYPE supply set to expand</h2><p class="text-left mb-4 ">Sept. 1 stands out as the busiest day on this week’s token calendar. All dollar figures are approximate because their values will change with spot prices.</p><p class="text-left mb-4 ">Sui will unlock approximately 13.53 million SUI on Sept. 1. The increase represents 0.33% of the circulating supply and is worth around $9.6 million at current prices.</p><p class="text-left mb-4 ">EigenCloud will release 36.82 million EIGEN on the same day. The tokens are worth approximately $6.9 million and represent 5.48% of the circulating supply.</p><p class="text-left mb-4 ">Ethena’s broader tracked supply schedule includes 275 million ENA. According to Tokenomics.com, the allocation is worth around $40.4 million and covers distributions to investors, the team, the community and the foundation.</p><p class="text-left mb-4 ">IOTA will make 12.37 million tokens available for circulation on Sept. 2. The current unlock schedule shows that the tokens, worth approximately $500,000, will be distributed among the IOTA DLT Foundation, the IOTA Foundation and the Tangle Ecosystem Association.</p><p class="text-left mb-4 ">The week’s largest potential supply event by dollar value will take place on Hyperliquid. Approximately 9.92 million HYPE will be unlocked on Sept. 6 under the monthly allocation schedule for core contributors.</p><p class="text-left mb-4 ">Based on a HYPE price of around $80.60, the scheduled amount is worth nearly $800 million. However, the full amount is not expected to be transferred on the same day.</p><p class="text-left mb-4 ">In previous months, there was a large gap between the amount of vested HYPE and the number of tokens actually claimed. The amount reaching the market could therefore remain well below the theoretical value of approximately $800 million.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">NFT.NYC and Solana events to begin</h2><p class="text-left mb-4 ">NFT.NYC will take place at the Edison Ballroom in New York from Sept. 1 to Sept. 3. According to the event’s official website, the program is divided into 12 categories, including digital art, gaming, infrastructure, brands and on-chain finance.</p><p class="text-left mb-4 ">Solana Startup Village will be held in Amsterdam from Aug. 31 to Sept. 5. The first three days of the program will feature workshops focused on DeFi, security and privacy.</p><p class="text-left mb-4 ">The Common S3nse conference and hackathon will take place on Sept. 4 and Sept. 5 as part of Cypherpunk Week in Amsterdam. The event will focus on privacy technologies and decentralized infrastructure.</p><p class="text-left mb-4 ">There are no confirmed large-scale earnings reports from crypto companies or high-profile token launches scheduled for the week. U.S. economic data, oil prices, Russia’s regulations and the supply schedules of existing tokens will therefore carry greater weight.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">This week’s 25-event crypto calendar</h2><ul class="list-disc list-inside my-4"><li>Aug. 31-Sept. 1: G20 finance ministers and central bank governors meeting</li><li>Aug. 31-Sept. 5: Solana Startup Village Amsterdam</li><li>Sept. 1: Russia’s sweeping crypto law takes effect</li><li>Sept. 1, 3:00 a.m. Turkey time: SUI token unlock</li><li>Sept. 1: EIGEN token unlock</li><li>Sept. 1: ENA supply event</li><li>Sept. 1, noon Turkey time: Eurozone preliminary August inflation</li><li>Sept. 1-3: NFT.NYC 2026</li><li>Sept. 1, 5:00 p.m. Turkey time: U.S. JOLTS job openings</li><li>Sept. 1, 5:00 p.m. Turkey time: U.S. ISM manufacturing PMI</li><li>Sept. 2, 3:15 p.m. Turkey time: U.S. ADP private-sector employment</li><li>Sept. 2: IOTA token unlock</li><li>Sept. 2, 3:00 p.m. Turkey time: BitMEX delists 11 perpetual futures contracts</li><li>Sept. 2, around 3:58 p.m. Turkey time: Zilliqa hard fork</li><li>Sept. 2, 5:00 p.m. Turkey time: U.S. factory orders</li><li>Sept. 2, 9:00 p.m. Turkey time: Fed Beige Book</li><li>Sept. 3, 6:00 a.m. Turkey time: Binance ends trading for ICX, SCRT and STORJ</li><li>Sept. 3, 1:00-9:00 p.m. Turkey time: Mina Mesa mainnet upgrade</li><li>Sept. 3, 3:30 p.m. Turkey time: U.S. weekly initial jobless claims</li><li>Sept. 3, 3:30 p.m. Turkey time: U.S. July trade balance</li><li>Sept. 3, 3:30 p.m. Turkey time: Fed Governor Christopher Waller speaks</li><li>Sept. 3, 5:00 p.m. Turkey time: U.S. ISM services PMI</li><li>Sept. 4, 3:30 p.m. Turkey time: U.S. nonfarm payrolls, unemployment and wage data</li><li>Sept. 4-5: Common S3nse conference and hackathon</li><li>Sept. 6: Planned unlock of approximately 9.92 million HYPE</li></ul>

31 Aug 2026
Trump-Linked Crypto Products Leave Investors $4.7 Billion in Loss

Trump-Linked Crypto Products Leave Investors $4.7 Billion in Loss

<p class="text-left mb-4 ">Five crypto products linked to Donald Trump have left investors billions of dollars in the red. Public Citizen estimates combined losses at at least $4.7 billion.</p><p class="text-left mb-4 ">The report covers TRUMP, WLFI, Trump NFTs, USD1 and Trump Media. Most of the losses remain unrealized.</p><p class="text-left mb-4 ">Therefore, the total does not represent finalized cash losses. Changes in asset prices could increase or reduce the estimated amount.</p><p class="text-left mb-4 ">Public Citizen also estimates that Trump earned at least $1.4 billion from crypto activities in 2025. The group based its calculation on Trump’s latest financial disclosure.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">TRUMP investors face $3.2 billion in losses</h2><p class="text-left mb-4 ">According to the <a href="https://www.citizen.org/article/donald-trump-crypto-investors-4-7-billion-underwater/" target="_blank" rel="noopener noreferrer" class="text-primary underline">Public Citizen report</a>, TRUMP memecoin investors suffered the largest losses. Nansen examined decentralized exchange transactions on Solana.</p><p class="text-left mb-4 ">Around 1.6 million retail wallets bought TRUMP after its launch. Approximately 1 million of those wallets are underwater at current prices.</p><p class="text-left mb-4 ">Their combined losses reached an estimated $3.2 billion. Only about $400 million had been realized through sales.</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-2026-08-28-175944-2cdf3520.webp" alt="Ekran görüntüsü 2026-08-28 175944.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">TRUMP launched on Jan. 17, 2025. Its price reached an all-time high of $73.43 within two days.</p><p class="text-left mb-4 ">However, the token had fallen to $2.22 during the period covered by the report. The decline generated heavy losses for buyers who entered the market later.</p><p class="text-left mb-4 ">Meanwhile, gains were concentrated among a limited number of early investors. Wallets that bought during the first two days captured nearly 90% of total gains.</p><p class="text-left mb-4 ">The top 1% of profitable wallets earned $2.7 billion. This represented 80% of all profits generated through TRUMP trading.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">WLFI losses reach at least $1 billion</h2><p class="text-left mb-4 ">WLFI, issued by World Liberty Financial, represented the report’s second-largest source of losses. Public Citizen estimated losses of at least $1 billion.</p><p class="text-left mb-4 ">A large portion came from Nasdaq-listed AI Financial Corporation. The company acquired around 7.28 billion WLFI in August 2025.</p><p class="text-left mb-4 ">According to the company’s <a href="https://www.sec.gov/Archives/edgar/data/862861/000149315226038732/form10-q.htm" target="_blank" rel="noopener noreferrer" class="text-primary underline">SEC filing</a>, the tokens had a cost basis of nearly $1.46 billion. Their fair value had fallen to $421.3 million by late June.</p><p class="text-left mb-4 ">The company therefore faced an unrealized loss of approximately $1.04 billion. Public Citizen also examined retail wallets trading on decentralized exchanges.</p><p class="text-left mb-4 ">Nansen data showed that 25,000 of 31,000 WLFI wallets were underwater. Their combined losses reached $54 million.</p><p class="text-left mb-4 ">The calculation does not cover transactions on centralized exchanges such as <a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noopener noreferrer" class="text-primary underline">Binance</a>. Investor results on these platforms cannot be fully tracked through on-chain data.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Trump Media’s Bitcoin loss reaches $450 million</h2><p class="text-left mb-4 ">The report also included Trump Media’s Bitcoin reserve. The company held 9,477 Bitcoin as of June 30.</p><p class="text-left mb-4 ">The holdings had a total cost basis of approximately $1.006 billion. Their market value stood at $557 million on the same date.</p><p class="text-left mb-4 ">This left Trump Media with an unrealized Bitcoin loss of around $450 million. Public Citizen did not attribute the entire decline in its share price to the crypto strategy.</p><p class="text-left mb-4 ">Trump Media’s market value fell by approximately $3.1 billion after the strategy was announced. The report counted only the $450 million difference in the Bitcoin position.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">NFT investors lose $9.3 million</h2><p class="text-left mb-4 ">Public Citizen estimated losses of at least $9.3 million across Trump Digital Trading Cards collections. Three collections initially generated a combined $12.3 million in sales.</p><p class="text-left mb-4 ">The group estimated their current combined value at around $3 million. Series 3 was excluded because of insufficient trading activity.</p><p class="text-left mb-4 ">The report assigned no losses to USD1 holders. The stablecoin maintained its one-dollar peg during the period examined.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Trump’s crypto income exceeds $1.4 billion</h2><p class="text-left mb-4 ">Public Citizen estimated Trump’s 2025 crypto income at no less than $1.4 billion. TRUMP and World Liberty Financial were among the largest sources.</p><p class="text-left mb-4 ">According to the report, Trump earned $635 million from TRUMP-related licensing fees. His income from WLFI token sales reached $527 million.</p><p class="text-left mb-4 ">Trump also reported $65.6 million from selling an equity stake in World Liberty Financial. Public Citizen said it found no evidence that he invested personal capital in these ventures.</p><p class="text-left mb-4 ">However, the $4.7 billion figure does not represent a market-wide net loss. The calculation adds losses among underwater wallets without subtracting profits recorded by winning investors.</p><p class="text-left mb-4 ">The White House has previously denied that Trump or his family engaged in conflicts of interest. The administration continues to reject similar allegations. </p>

28 Aug 2026
Upbit, Bithumb and Binance Announce Decisions Affecting 7 Assets

Upbit, Bithumb and Binance Announce Decisions Affecting 7 Assets

<p class="text-left mb-4 ">Upbit, Bithumb and <a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>announced new trading decisions affecting spot and derivatives markets. The South Korean exchanges tightened restrictions on SNX and ICX.</p><p class="text-left mb-4 ">Upbit and Bithumb will delist Synthetix in September. Both exchanges also placed ICON on their investment warning lists.</p><p class="text-left mb-4 ">Binance, meanwhile, launched TradFi perpetual contracts linked to five US stocks. The platform offers leverage of up to 20x on the new contracts.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Upbit and Bithumb to delist SNX</h2><p class="text-left mb-4 "><a href="https://www.upbit.com/service_center/notice?id=1506400376" target="_blank" rel="noopener noreferrer" class="text-primary underline">According to Upbit’s announcement</a>, the exchange will delist the SNX/BTC pair on September 28. Trading will end at 3:00 p.m. KST, or 9:00 a.m. Turkey time.</p><p class="text-left mb-4 ">The exchange reviewed changes to SNX’s total supply and circulation plans. It also examined the project’s activity and long-term sustainability.</p><p class="text-left mb-4 ">Upbit concluded that the remaining shortcomings could pose risks to users. The project’s explanations failed to resolve the concerns behind its warning status.</p><p class="text-left mb-4 "><a href="https://feed.bithumb.com/notice/1654672" target="_blank" rel="noopener noreferrer" class="text-primary underline">Bithumb will also end SNX trading</a> on the same date and at the same time. The exchange said the project team’s explanations did not adequately address its concerns.</p><p class="text-left mb-4 ">Both platforms will support SNX withdrawals until October 28. They will cancel all open orders after trading ends.</p><p class="text-left mb-4 ">Users may need to register external wallet addresses in advance. Whitelisting reviews can take time, making early preparation important.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">ICX placed on investment warning lists</h2><p class="text-left mb-4 ">The second joint decision from Upbit and Bithumb involved ICON. Both exchanges placed ICX on their investment warning lists on August 28.</p><p class="text-left mb-4 ">Upbit will keep the ICX/KRW pair under review until the third week of September. The exchange expects to complete its assessment between September 14 and September 18.</p><p class="text-left mb-4 ">The exchanges identified an unresolved security incident involving infrastructure connected to ICX. Their notices pointed to the project’s wallet or distributed ledger systems.</p><p class="text-left mb-4 ">Bithumb said the cause of the incident remained unclear. The platform added that the security issue had yet to be fully resolved.</p><p class="text-left mb-4 ">Both exchanges suspended ICX deposits and withdrawals. Deposits made during the suspension may not reach user accounts.</p><p class="text-left mb-4 ">Neither exchange has issued a final delisting decision for ICX. Following their reviews, they may remove the warning, extend it or end trading support.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance launches five TradFi contracts</h2><p class="text-left mb-4 "><a href="https://www.binance.com/en/support/announcement/detail/32ac927d1cbe4aa3b527eca1c401a98f" target="_blank" rel="noopener noreferrer" class="text-primary underline">Binance Futures</a> launched five USDT-margined TradFi perpetual contracts on August 28. The new products are TEMUSDT, MRKUSDT, IONQUSDT, MARAUSDT and PDDUSDT.</p><p class="text-left mb-4 ">The contracts track Tempus AI, Merck, IonQ, MARA Holdings and PDD Holdings. They went live between noon and 12:20 p.m. Turkey time.</p><p class="text-left mb-4 ">Binance offers leverage of up to 20x on each contract. The exchange set the minimum order value at 5 USDT.</p><p class="text-left mb-4 ">Funding payments settle every eight hours. The upper and lower funding rate limits stand at plus or minus 2%.</p><p class="text-left mb-4 ">The TradFi contracts are available around the clock, seven days a week. Binance may adjust leverage and margin requirements according to market conditions.</p><p class="text-left mb-4 ">These products are derivatives tied to the price movements of the underlying companies. Buying a contract does not give investors direct ownership of the corresponding shares.</p><p class="text-left mb-4 ">The decisions reflect two different directions among major crypto exchanges. Upbit and Bithumb increased their risk controls on selected altcoins.</p><p class="text-left mb-4 ">Binance expanded its range of products linked to traditional financial assets. September deadlines remain important for SNX and ICX holders, while the leveraged contracts carry elevated liquidation risk.</p><p class="text-left mb-4 min-h-[1.5em]"> </p>

28 Aug 2026
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