Donald Trump Jr.’s 1789 Capital has agreed to lead a $1 billion Polymarket funding round with roughly $300 million that would value the prediction market platform at $21 billion.

Bloomberg first reported the new financing, while 1789 Capital spokeswoman Alexa Henning confirmed the investment details on Monday. The venture capital firm previously put approximately $200 million into Polymarket, which is currently valued at close to $15 billion.

The proposed financing would give Polymarket another sharp valuation increase after the company spent the past year raising capital from investors ranging from venture firms to established financial market operators.

1789 Capital deepens its investment in Polymarket

The new $300 million commitment would take 1789 Capital’s total disclosed investment in Polymarket to roughly $500 million across its funding rounds.

Trump Jr. is a partner at 1789 Capital and joined Polymarket’s advisory board last year following the firm’s earlier investment. At the time, crypto.news reported that the appointment came as Polymarket was working to restore access to the U.S. market after years of regulatory restrictions.

His involvement extends across competing prediction market companies. Trump Jr. joined Kalshi as an adviser last year and received company shares worth more than $300,000, according to the New York Times.

Speaking to the Times this year about his investments, Trump Jr. said he was acting as a private citizen and had “no policy position and no role within the administration whatsoever.”

1789 Capital itself has expanded quickly. The investment firm managed a few hundred million dollars two years ago but now oversees more than $3 billion.

Its portfolio has included private companies such as SpaceX, defense technology company Anduril, AI chipmaker Cerebras and artificial intelligence startup Reflection AI. Some companies backed by the firm hold large U.S. government contracts, while Polymarket has operated during a period of major changes in the federal approach to prediction markets.

Polymarket valuation has climbed above $20 billion

The $21 billion valuation attached to the planned round comes less than two weeks after reports that Polymarket was seeking capital at a valuation exceeding $20 billion.

Intercontinental Exchange CEO Jeff Sprecher said in August that the New York Stock Exchange parent could consider joining another Polymarket financing. ICE had accumulated a $1.64 billion stake in the company by March, while Sprecher said its relationship with Polymarket involved exchanging information and expertise.

The potential new ICE investment followed several large commitments from the exchange operator.

ICE announced an investment of up to $2 billion in October 2025, initially valuing Polymarket at $8 billion before the investment. The agreement gave ICE rights to distribute Polymarket’s event-driven data to institutional clients around the world.

In March, the NYSE parent invested another $600 million as part of that commitment. ICE said at the time that the funding formed part of Polymarket’s fundraising round and would not have a material effect on the exchange operator’s financial results or capital return plans.

Polymarket’s latest proposed valuation would be more than twice the $9 billion post-money valuation attached to the ICE transaction announced in October 2025.

Rival Kalshi has attracted large amounts of capital during the same period. The company raised $1 billion earlier this year at a $22 billion valuation as trading activity across event contracts expanded into sports, politics and other categories.

Prediction markets allow traders to take positions on whether specified events will occur. Contracts can cover elections and economic decisions as well as sports, entertainment and statements made by public figures.

Trump administration backs federal prediction market oversight

The new Polymarket financing comes while federal and state authorities continue to contest how prediction markets should be regulated in the United States.

President Donald Trump has backed federal oversight through the Commodity Futures Trading Commission and said prediction markets would “thrive” under his administration.

Michael S. Selig, appointed by Trump to lead the CFTC, has supported the industry while the regulator has challenged attempts by states to impose their own restrictions on federally regulated prediction markets.

In May, crypto.news reported that a proposed CFTC rule covering prediction-market event contracts had entered White House review as federal and state officials disputed which authorities should police the sector.

Kalshi and other operators have argued that event contracts offered through CFTC-regulated exchanges fall under the Commodity Exchange Act. Several states have disputed that position and pursued enforcement under their gambling laws.

The disagreement has reached federal courts, where judges have issued differing decisions over whether CFTC jurisdiction prevents states from enforcing gaming laws against prediction market operators.

Trump Jr.’s financial connections to the industry extend to both sides of the main competitive pairing. Along with his investment and advisory role at Polymarket, he serves as a strategic adviser to Kalshi.

Polymarket built a regulated route back into the US

Polymarket’s fundraising has accelerated after the company spent several years working to restore U.S. operations.

The platform stopped serving U.S. users following a 2022 settlement with the CFTC over allegations that it offered unregistered event-based binary options. Polymarket paid a $1.4 million civil penalty and agreed to restrict domestic access.

Its route back into the market began with the $112 million acquisition of QCEX in July 2025. The transaction gave Polymarket control of a CFTC-licensed designated contract market and derivatives clearing organization, providing regulated infrastructure for U.S. operations.

The CFTC later issued a no-action letter covering QCX and QC Clearing, giving Polymarket regulatory relief involving certain reporting and recordkeeping requirements for event contracts.

Polymarket subsequently began rebuilding its domestic business, initially through a separate regulated operation. The company now runs an international blockchain-based venue alongside its regulated U.S. exchange, which operates through the infrastructure acquired from QCEX.

The international platform settles markets using USDC on Polygon, while the U.S. operation requires identity verification and settles in dollars through approved intermediaries.

Competition with Kalshi has intensified as both companies have expanded their event-contract businesses. Polymarket once controlled more than 90% of monthly prediction-market notional volume in November 2024, though its share declined as Kalshi gained ground from September 2025 onward.

1789 Capital, meanwhile, has continued building its investment portfolio as its assets under management climbed above $3 billion. Trump Jr. told the Times that his investment activities were separate from the administration and that he held no government policy role.

Chainalysis Government Solutions has expanded its legal challenge against a $94.66 million blockchain analytics contract that U.S. Immigration and Customs Enforcement awarded to TRM Labs.

A redacted complaint made public on Aug. 28 details seven claims against the U.S. government. Chainalysis alleges that ICE improperly avoided an open competition and evaluated potential suppliers against requirements that it did not fully disclose.

The filing represents Chainalysis’s account of the procurement. ICE and TRM Labs are contesting the case, and the U.S. Court of Federal Claims has not found that either party acted improperly.

Chainalysis says ICE changed its evaluation criteria

ICE awarded contract 70CMSD26C00000005 to TRM Labs on July 1. The one-year agreement runs through June 30, 2027 and covers forensic software and support for Homeland Security Task Force investigations.

The work includes blockchain tracing, scam disruption, cybercrime investigations and support for sextortion cases. TRM Labs later joined the lawsuit as a defendant-intervenor, allowing it to defend the award alongside the government.

Chainalysis’s first three claims focus on how ICE defined and evaluated its requirements. The company argues that its capability statement addressed every requirement in ICE’s final Statement of Need. It therefore disputes ICE’s determination that TRM was the only responsible source able to perform the work.

Chainalysis also alleges that ICE relied on an earlier Request for Information when deciding whether another supplier could qualify. The company says several requirements from that document did not appear in the final Statement of Need against which vendors were told to prepare their submissions.

Those disputed requirements included access to a proprietary scam-reporting database containing more than one million records, automated notifications to virtual asset service providers and operational partnerships with stablecoin issuers.

The seven claims target ICE’s sole-source process

The fourth claim alleges that ICE failed to give Chainalysis’s capability statement meaningful consideration. ICE published its notice of intent on June 8 and required responses by June 11.

Interested suppliers could submit only one page, although the Statement of Need itself ran for roughly one and a half pages and covered three operational areas. Chainalysis says ICE asked no follow-up questions before completing its market research report the following day.

The complaint states that ICE’s report recognized both companies as having mature investigative platforms and artificial intelligence integration. It also allegedly recognized that both could deploy cleared personnel. However, ICE concluded that Chainalysis lacked other capabilities needed for the program.

Chainalysis disputes that assessment. It argues that the short response period, one-page restriction and absence of follow-up questions turned the capability review into a “mere formality.” That wording reflects the company’s allegation, not a court finding.

The fifth claim concerns allegedly restrictive specifications. Chainalysis says questions about automated asset freezes, stablecoin partnerships and the size of a victim-reporting database closely matched TRM products or commercial arrangements.

Chainalysis claims it offered alternative methods that could achieve the same investigative goals. The complaint says ICE’s justification did not explain why those alternatives were insufficient.

Chainalysis challenges ICE’s legal authority

The sixth claim addresses ICE’s use of the federal government’s Revolutionary FAR Overhaul rules. Chainalysis argues that ICE relied on a “unique capabilities” rationale found in an older version of federal acquisition regulations but omitted from the rules governing this procurement.

Current acquisition rules allow an agency to avoid full and open competition when only one responsible source can meet its needs. They also require consideration of capability statements and prohibit agencies from using inadequate planning to justify limited competition.

Chainalysis’s seventh claim focuses on that planning requirement. The company notes that ICE issued its information request on May 28, received a 20-page response from Chainalysis on June 2 and announced its planned sole-source award six days later.

ICE then closed the capability-statement period on June 11 and completed its market research report on June 12. Chainalysis argues that this timetable left too little time to reconcile the different requirements or assess alternative suppliers.

The government may argue that ICE reasonably concluded TRM alone could meet its operational requirements. The merits of that position remain for the court to decide.

The September 2 hearing could determine the contract

Chainalysis wants the court to declare the award unlawful, permanently stop performance and direct ICE to conduct a full and open competition. It also seeks legal costs under the Equal Access to Justice Act.

A successful challenge would not automatically transfer the contract to Chainalysis. The court could instead require ICE to reconsider its analysis, reopen competition or prepare a legally sufficient sole-source justification. It could also deny the requested injunction and leave the TRM contract in place.

Judge Stephen S. Schwartz has placed the case on an expedited schedule. Oral argument is set for Sept. 2 at 10 a.m. EDT in Washington, D.C. The government has asked for a ruling by Sept. 10, although the court is not bound by that requested date.

As crypto.news previously reported, the contract supports a growing federal reliance on private blockchain-intelligence providers. Both companies have worked with law-enforcement agencies, and both contributed tracing support to a $701 million international asset-freezing operation.

In related coverage, Chainalysis recently produced 14,300 investigative leads from cryptocurrency activity connected to suspected child-abuse networks. The ICE dispute now asks the court to decide whether the government followed procurement law when choosing which provider would support another major investigative program.

Crypto hacks increased sharply in August, although the estimated value stolen fell by nearly half compared with July, according to blockchain security company PeckShield.

PeckShield eported on Sept. 1 that it recorded 50 major incidents during August. That was a 67% increase from the 30 incidents counted in July.

Estimated losses reached $136.3 million, down 49.5% from approximately $270 million in July. The figures represent PeckShield’s estimates and may change as affected projects investigate transactions, freeze assets or recover funds.

The Tectonic lending incident dominated the month, accounting for approximately $74 million, or more than half of PeckShield’s total.

Crypto hacks became more frequent but less costly

The August figures show a growing number of attacks with losses concentrated in one large incident. Excluding Tectonic, the remaining 49 incidents generated estimated combined losses of about $62.3 million.

PeckShield identified Moonwell as the second-largest incident at $8.7 million. Term Labs followed at $8.5 million, while Coinsbuy and TAC recorded estimated losses of $7.9 million and $7.5 million, respectively.

Other named incidents included Injective at $4.8 million, MANTRA at $3.6 million, BounceBit at $3 million and Cosmos Labs at $2.87 million. Aquifer completed PeckShield’s top ten with an estimated $2.47 million loss.

These figures should not be treated as final net losses. Security firms can classify incidents differently, particularly when funds remain traceable, frozen or recoverable. Projects may also revise their estimates after completing technical reviews.

A recent CoinGecko study found that crypto platforms lost $3.63 billion across 245 incidents between January 2025 and July 2026. The ten largest incidents accounted for more than 72.5% of that estimate, showing how a few major attacks can shape monthly totals.

Tectonic represented more than half of August losses

Tectonic disclosed an incident affecting its Cronos-based lending protocol on Aug. 30 and warned users not to interact with the platform while its team investigated.

Security researchers estimated that an attacker manipulated collateral pricing and borrowed assets worth approximately $74 million. Tectonic has not published a final loss figure or complete technical report, meaning the estimate remains subject to revision.

PeckShield classified the Tectonic incident as the fourth-largest cryptocurrency theft recorded during 2026. It ranked behind attacks involving Drift, KelpDAO and LayerZero, and hardware-wallet provider Coldcard.

Crypto.com CEO Kris Marszalek confirmed that the incident affected Tectonic rather than Crypto.com’s centralized exchange or app. He said the company’s security team was assisting the Cronos investigation.

As crypto.news previously reported, Crypto.com customer funds remained unaffected because the breach concerned a separate decentralized protocol operating on Cronos.

Cronos halted before most assets left the network

Cronos validators stopped block production after detecting the active exploit. Independent address analysis and PeckShield’s tracking indicated that the attacker moved approximately $6 million to Ethereum before the halt.

Most of the remaining identified assets stayed on Cronos. Funds remaining on the affected network were not necessarily recovered at that point, but the halt prevented additional transactions from receiving confirmation.

Cronos later resumed block production after validators restored the network to a state preceding the exploit. Blocks restarted at 23:49:01 UTC from block 90,896,189, according to the network’s update.

Node operators were directed to install Cronos version 1.7.8 and use a mainnet snapshot taken before the incident. The decision effectively removed transactions included during the discarded section of the chain.

The rollback raises questions about transactions made by unrelated users during that period. Cronos has not yet provided a complete accounting of which transfers, trades or liquidations were reversed.

PeckShield said the attacker had started moving part of the assets that reached other networks. The security company reported an initial conversion toward Bitcoin, but the amount remains small compared with the funds originally associated with the attack.

Investigations and recovery efforts remain open

Cronos and Tectonic are expected to publish a full post-incident report explaining the exploit, validator response and network restoration. Neither project has provided a publication date.

Tectonic has also not announced a repayment or compensation plan for affected depositors. Any recoverable amount will depend on the status of assets remaining on Cronos and whether exchanges or bridge operators can restrict funds moved elsewhere.

August also included network disruptions unrelated to Tectonic. MANTRA resumed block production after deploying a software update addressing a Cosmos-EVM vulnerability. The project said two team-managed wallets were affected while user balances remained unchanged.

PeckShield’s next monthly calculation could change if protocols recover assets or revise their reported exposure. For now, its dataset shows that attacks became more frequent in August even as the estimated amount lost declined sharply.

Cathie Wood’s Ark Invest has bought about $37.4 million worth of Block Inc. shares after the Jack Dorsey-led fintech company fell nearly 2% in Monday trading.

According to Ark Invest’s latest trading disclosure, the investment manager purchased 456,059 Block shares across three of its actively managed exchange-traded funds as it increased its exposure to the fintech company following another decline in its stock.

The Monetary Authority of Singapore has proposed amendments to the Payment Services Act 2019 that would put its stablecoin framework into law while introducing rules for overseas issuers, interest payments and issuer wind-down plans.

MAS published the consultation on Sept. 1, seeking feedback on how issuers can qualify under its Single-Currency Stablecoin framework and use the “MAS-regulated stablecoin” label. Responses are due by Oct. 16.

The proposals would implement a framework first finalized in 2023, while extending it to areas that have developed as stablecoins have gained a larger role in payments and tokenized financial markets.

MAS stablecoin rules could cover joint overseas issuance

One of the main proposals would allow a stablecoin jointly issued by a Singapore entity and a foreign issuer to qualify as an MAS-regulated stablecoin, provided risks linked to issuing the token across different jurisdictions are sufficiently addressed.

MAS is seeking views on how such multi-jurisdiction arrangements should operate under the framework.

The regulator is considering a separate route for a limited number of stablecoins issued entirely outside Singapore. Foreign tokens could be recognized when they are supervised under a regulatory framework that MAS considers comparable to Singapore’s regime.

Recognition would focus on cross-border wholesale uses, according to the consultation.

The proposals extend work that began in October 2022, when MAS first consulted on rules for single-currency stablecoins. The regulator published its response to industry feedback in August 2023 and established requirements covering reserve assets, capital, redemption and disclosure.

As crypto.news previously reported, the framework applies to single-currency stablecoins issued in Singapore and pegged to the Singapore dollar or a G10 currency. Issuers that meet the required standards can seek recognition for their tokens as MAS-regulated stablecoins.

Stablecoins outside that framework would continue to be treated as Digital Payment Tokens under the Payment Services Act. DPT consumer safeguards include restrictions on trading incentives, financing and leverage, along with limits on locally issued credit card payments.

Singapore has separately tightened rules for crypto businesses providing DPT services. MAS imposed restrictions on incentives and credit-funded crypto trading as part of consumer protection measures introduced after earlier consultations.

MAS proposes interest ban and stress testing

The Sept. 1 consultation proposes new safeguards for issuers seeking the MAS-regulated designation, including a prohibition on paying interest on regulated stablecoins.

Issuers would have to conduct stress tests and maintain plans for recovery and an orderly wind-down if their businesses encounter financial or operational problems.

MAS is seeking feedback on consumer safeguards covering money received from customers before stablecoins are issued. The proposed protections would be similar to requirements that already apply to licensees operating under the Payment Services Act.

Existing core requirements would remain part of the regime. Issuers would need to comply with standards covering value stability, capital, redemption at par and disclosures to users.

Only licensed issuers operating under the framework would be permitted to describe themselves as licensed MAS-regulated stablecoin issuers or market qualifying tokens as “MAS-regulated stablecoins.”

The designation is intended to distinguish qualifying tokens from other cryptocurrencies marketed as stablecoins without being subject to the same MAS requirements for maintaining their value.

MAS Deputy Managing Director for Financial Supervision Ho Hern Shin said the legislative changes would establish regulatory guardrails for stablecoins that meet the regulator’s requirements for value stability and governance.

“Trusted and well-regulated stablecoins can serve as a credible settlement asset in tokenised financial markets, while mitigating risks to users and the broader financial system,” Ho said.

Stablecoins are moving into Singapore payment systems

The legislative consultation comes as regulated stablecoins are being tested in payment and settlement projects involving financial institutions operating in Singapore.

On Aug. 25, Visa joined the MAS-led BLOOM initiative and selected Nium for a stablecoin settlement pilot involving regulated U.S. dollar and euro-backed tokens. The companies plan to test settlement seven days a week, including weekends and public holidays, across cross-border payment flows.

MAS introduced BLOOM in 2025 to develop settlement arrangements using tokenized bank liabilities and regulated stablecoins. The program covers domestic and cross-border payments, multi-currency settlement and institutional applications such as trade finance and corporate treasury operations.

The initiative followed Project Orchid, under which MAS explored programmable money and potential applications for a digital Singapore dollar through more than 10 trials. Participants in BLOOM have included Circle, DBS, OCBC, Partior, Stripe and UOB.

Stablecoins have moved into retail payment channels as well. OKX Singapore introduced a stablecoin payment service in September 2025 that lets customers use USDT and USDC at merchants accepting GrabPay.

Payments through the service are converted for settlement in Singapore dollars, with StraitsX’s XSGD used as a bridge. Merchants receive local currency while the corresponding amount is deducted from a customer’s stablecoin balance.

Singapore has spent years developing stablecoin oversight

MAS established the main structure of its single-currency stablecoin regime in 2023 after reviewing responses to its earlier consultation.

The framework set standards for reserve management and value stability while requiring issuers to maintain minimum capital and liquid assets. Redemption requirements were designed to allow users to redeem qualifying stablecoins at par, while disclosure rules covered matters including the mechanisms used to keep a token’s value stable.

Only issuers satisfying the full set of requirements can receive the MAS-regulated stablecoin designation.

Singapore has since licensed companies involved in digital asset payments under the Payment Services Act. Paxos Digital Singapore received full MAS approval in 2024, with DBS selected to provide stablecoin custody services for the company.

The regulator has continued granting licenses to crypto companies that meet its requirements while taking action against firms that fail to comply with local rules. Cumberland SG secured a Major Payment Institution license in July 2026, permitting the company to provide regulated digital payment token and cross-border money transfer services in Singapore.

Under the latest consultation, MAS is asking interested parties to submit comments on the proposed Payment Services Act amendments and related stablecoin policy positions by Oct. 16, 2026.

The SEC and FDA signed a three-year cooperation agreement on Aug. 31 that gives the agencies formal channels for exchanging nonpublic information about regulated products, public companies and potential legal violations.

The MOU allows the Securities and Exchange Commission to use information obtained from the Food and Drug Administration during company filing reviews, enforcement investigations, administrative proceedings and civil actions.

The agreement takes effect immediately. It does not announce an investigation, new disclosure rule or enforcement case against any company. It instead creates procedures that could help the agencies compare corporate statements with information held by the FDA.

SEC and FDA cooperation targets conflicting disclosures

Public biotechnology, pharmaceutical, medical device and healthcare companies frequently release information about clinical trials, FDA submissions, regulatory reviews and product approvals. Those announcements can move stock prices because they affect a product’s commercial prospects.

The SEC reviews whether public companies provide complete and accurate information to investors. The FDA separately receives regulatory submissions, trial information and safety data that may not yet be public. Better coordination could help the SEC identify inconsistencies between corporate disclosures and regulatory records.

The MOU specifically mentions representations about FDA reviews, product approvals and clinical trial results. The agencies said their cooperation is “expected to bolster informed decision-making” and improve oversight, but the agreement does not guarantee more enforcement cases.

SEC Chairman Paul Atkins said FDA-related disclosures can materially affect financial markets. Acting FDA Commissioner Kyle Diamantas said faster information sharing should improve transparency across the life sciences sector while protecting patients and public trust.

Nonpublic records will receive confidentiality safeguards

Each agency will establish a mechanism for receiving information requests and transferring nonpublic material securely. Requests must describe the information sought, explain its intended use and carry authorization from the requesting office.

The SEC will appoint contacts from its Division of Enforcement and Division of Corporation Finance. The FDA will appoint contacts from its Office of the Chief Counsel and Office of Inspections and Investigations. The FDA chief counsel’s office will also lead referrals involving potential securities violations.

The MOU permits the FDA to share records that may otherwise be exempt from public disclosure, subject to federal restrictions covering trade secrets and confidential commercial information. The SEC cannot provide FDA information to an outside party without written FDA permission.

Likewise, the FDA must give confidentiality assurances before receiving nonpublic SEC records. Shared information does not become public merely because it passes between the agencies, and the exchange does not waive legal privileges.

The agreement does not cover requests for public records, subpoenas or testimony. It only applies to requests submitted after its Aug. 31 effective date.

The agreement strengthens an existing enforcement tool

The MOU does not give either regulator new statutory powers. Instead, it organizes how the agencies use their existing authority and establishes designated contacts to reduce delays when information is needed.

For the SEC, the most direct use may involve checking statements in earnings releases, securities filings or investor presentations against FDA records. If those statements appear materially false or incomplete, the information could support further questions, a filing review or an enforcement investigation.

The same disclosure principle remains relevant across the SEC’s wider jurisdiction. As crypto.news reported, the SEC’s proposed crypto offering exemptions retain antifraud liability when issuers make materially misleading statements, even if an offering does not require full registration.

Interagency information sharing also appears elsewhere in financial oversight. In related coverage, the SEC and Commodity Futures Trading Commission maintain an information-sharing arrangement covering private fund data, reducing the need for duplicate reporting while preserving regulatory access.

Both agencies can modify or end the MOU

The SEC and FDA may extend or modify the agreement through mutual written consent. Either agency may terminate it by providing 30 days’ advance notice.

Implementation remains subject to available staff, funding and other resources. The document states that it represents the agencies’ intentions and does not create legally enforceable obligations against either regulator.

The next step is operational. Both agencies must maintain designated contacts and may develop standard procedures and templates for handling nonpublic information requests. No separate implementation deadline was announced.

The MOU will expire in August 2029 unless the agencies extend it. Until then, its practical reach will depend on how frequently regulators use the new channels during filing reviews and investigations.

US-listed spot Bitcoin ETFs rebounded on Monday, shifting back to net inflows after two sessions of withdrawals, with inflows concentrated heavily in BlackRock’s iShares product. At the same time, spot Ether, XRP and Solana ETFs all continued adding new capital, extending their recent run of positive sessions.

SoSoValue data shows US spot Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing $201.8 million in withdrawals logged on Friday. The prior outflow day ended a nine-session streak that brought more than $3 billion into the complex, according to Cointelegraph’s earlier coverage. Bitcoin was trading near $78,700 at the time of writing, up roughly 1.5% over 24 hours, according to CoinGecko.

Key takeaways

• Bitcoin ETF inflows returned: US spot Bitcoin ETFs added $216.7 million net on Monday after $201.8 million in Friday outflows.
• BlackRock dominated the rebound: iShares Bitcoin Trust (IBIT) accounted for about 95% of daily inflows, with $205.9 million net.
• Ether ETFs kept streak alive: Spot Ether ETFs posted $87.7 million net inflows, extending to 11 consecutive sessions.
• XRP and Solana stayed positive: XRP ETFs reached 10 consecutive inflow sessions, while Solana ETFs logged their 10th consecutive positive day.

BlackRock leads the Bitcoin ETF rebound

Monday’s reversal was driven almost entirely by BlackRock. Farside Investors data indicates iShares Bitcoin Trust (IBIT) generated $205.9 million in net inflows, representing roughly 95% of the category’s total daily inflows.

Other issuers still contributed, though at a much smaller scale. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, Bitwise’s Bitcoin ETF (BITB) brought in $4.3 million, and Morgan Stanley’s Bitcoin Trust recorded $3.6 million in net inflows. Grayscale’s Bitcoin Mini Trust attracted $9.4 million.

Despite the broad positive shift, not every product participated in the rebound. VanEck’s Bitcoin ETF (HODL) was the lone fund to report net withdrawals, with $13.4 million outflows on the day. The remaining funds recorded no net flows.

For investors, the concentration of Monday’s inflows matters because it highlights how day-to-day changes in the US spot Bitcoin ETF complex can be heavily influenced by a single issuer’s flows rather than by uniform demand across the market. That dynamic can affect how quickly sentiment translates into measurable net purchases.

Ether ETFs extend an 11-session inflow streak

Spot Ether ETFs continued building on their recent momentum, recording $87.7 million in net inflows on Monday. According to Farside, this marked the 11th consecutive trading session with net inflows.

BlackRock’s iShares Ethereum Trust (ETHA) led with $59.9 million. Grayscale’s Ethereum Mini Trust followed with $13.5 million, while Fidelity’s Ethereum Fund added $9.3 million.

The steady pattern of inflows suggests persistent allocator interest in regulated ether exposure rather than a one-off move tied to a single market catalyst. Traders may still watch for any sudden turn in the flow data, but the multi-week streak indicates demand has been sustained through multiple trading cycles.

XRP ETFs hit 10 straight inflow days

XRP ETFs also extended a streak of positive sessions. SoSoValue data shows the category recorded $5.64 million in net inflows on Monday, keeping the count at 10 consecutive trading sessions.

SoSoValue adds that XRP ETFs have seen capital inflows during every US trading session since Aug. 18. That kind of uninterrupted run is notable because it implies consistent participation across days, rather than intermittent buys followed by pauses.

While daily inflow totals for XRP remain far smaller than for Bitcoin or Ether in absolute terms, the consistency can still be meaningful for market structure—especially for funds that are still establishing longer-term investor habits.

Solana ETFs stay in positive territory, but inflows cooled

Solana ETFs continued their own stretch of gains, posting a 10th consecutive positive session. SoSoValue reports Monday’s inflows totaled $925,010, bringing the category’s weakest daily inflow so far during its current run.

The contrast is stark when compared with Friday’s higher number. The source notes that daily inflows slowed to $925,010 on Monday from $18.1 million on Friday.

That shift raises an important nuance for readers: while the category remains net positive, the pace of buying is not accelerating in tandem. For traders, decelerating inflows during an otherwise positive streak can sometimes be an early signal that momentum is cooling, even if it hasn’t turned into sustained outflows yet.

With Bitcoin ETFs returning to net inflows and Ether, XRP, and Solana all maintaining positive streaks, the next thing to watch is whether Monday’s rebound sustains across subsequent sessions—particularly whether BlackRock continues to account for a similar share of inflows or if demand broadens across other Bitcoin funds.

OpenSea has added Solana NFT trading to its marketplace, allowing users to discover, buy and sell collections from the network alongside assets from more than 25 supported blockchains.

The digital asset marketplace said in an Aug. 31 announcement that the integration covers Solana-based collections including Claynosaurz, Mad Lads, Collector Crypt and Phygitals, extending its existing support for fungible tokens on the network.

OpenSea brings Solana NFTs into its multi-chain marketplace

Collectors can now browse and trade supported Solana NFTs using OpenSea without moving to a separate marketplace or changing their existing setup, according to the company. For creators on Solana, the integration provides another marketplace through which their collections can reach users outside platforms focused primarily on the network.

OpenSea co-founder and CEO Devin Finzer said the company wants its marketplace to serve collectors regardless of which blockchain their assets use.

“OpenSea should be the home for everything you collect, no matter which chain it lives on,” Finzer said. “Solana NFTs are now available right alongside its tokens on OpenSea. No switching wallets, no hunting across marketplaces, the whole ecosystem in one place.”

The rollout brings collections including Claynosaurz and Mad Lads directly into OpenSea. Mad Lads, created by Backpack and launched in April 2023, consists of close to 10,000 NFTs and has developed into one of the more established collections in the Solana ecosystem. Claynosaurz launched in November 2022 around a collection of clay-styled dinosaur characters and has since expanded into animation, gaming, merchandise and other digital collectibles.

Solana joins more than 25 networks supported by OpenSea, which now combines NFT trading, fungible token trading, cross-chain swaps and portfolio management through the same platform. The company said its marketplace has processed billions of dollars in transaction volume since launch.

The latest rollout effectively restores a product OpenSea first experimented with more than four years ago. OpenSea introduced Solana NFT support in beta in April 2022, initially covering a limited number of collections, but the product failed to gain the same traction as Solana-focused competitors.

Crypto.news covered the original Solana integration in 2022, when OpenSea began listing Solana collections and supporting wallets from the network.

Solana support follows OpenSea’s OS2 expansion

The new NFT integration comes after OpenSea rebuilt its marketplace around a multi-chain strategy that extends beyond digital collectibles.

Its OS2 platform, released from beta in May 2025, introduced trading for fungible and non-fungible tokens and removed the need for users to manually bridge or swap assets for some cross-chain transactions. OpenSea recorded 467,322 monthly active addresses in May 2025 following the launch, up 44% from the previous month, although monthly trading volume remained at $81 million.

OpenSea later acquired Rally Wallet in July 2025 as part of its push into mobile and token trading. Rally was designed as a mobile-first wallet for managing NFTs and fungible tokens, with plans to integrate the product into OpenSea’s services.

Solana fungible tokens returned to OpenSea through OS2 before the latest NFT rollout. The Aug. 31 announcement now places the network’s collectibles beside tokens already available through the marketplace.

OpenSea has continued adding products outside its original NFT business. In June, the company signaled plans to offer perpetual futures, with Product Marketing Lead Zack Brenner asking users about early access to the product.

When asked whether the planned contracts would use Hyperliquid infrastructure, Brenner responded “YES,” though OpenSea had not provided a launch date, complete list of assets or user terms at the time. The proposed Hyperliquid-powered perpetuals would expand a platform already combining NFTs, tokens and cross-chain trading.

OpenSea’s SEA token remains delayed

OpenSea’s product expansion has continued while its planned SEA token remains on hold.

The marketplace delayed the SEA token in March 2026, with Finzer citing challenging market conditions and declining to provide another launch date.

SEA was introduced in February 2025 and had been expected to play a role in OpenSea’s plan to build what the company described as a “trade everything” application combining NFT trading with fungible tokens and other crypto products.

Plans previously disclosed for SEA included utility and governance functions, discounted trading fees, staking tied to NFT collections and participation in platform decisions. OpenSea had initially targeted a March 30 rollout before postponing the event.

The delay came during a weak period for NFT trading. OpenSea’s monthly NFT volume had fallen below $500 million by March, compared with levels reached during the 2021 and 2022 NFT cycle, while total NFT market capitalization had dropped by more than half from mid-January levels, according to data cited by crypto.news at the time.

OpenSea continued its Waves rewards program following the postponement, while users who participated in Waves 3 through 6 were given the option to claim refunds on platform fees if they forfeited their Treasure Chest rewards. Finzer said the company planned a separate event focused on product updates in the following months.

Solana remains a key market for NFT platforms

Solana has retained a dedicated NFT marketplace ecosystem while competing platforms have changed their multi-chain strategies.

Magic Eden, which built its early business around Solana NFTs, moved in the opposite direction from OpenSea earlier this year by closing its Bitcoin and Ethereum Virtual Machine-based NFT marketplaces. The company kept support for Solana assets as it concentrated resources on the network where much of its historical trading activity originated.

The Magic Eden restructuring included plans to wind down its Bitcoin and EVM marketplaces in March 2026 and discontinue its multi-chain wallet, while Solana NFT support continued.

OpenSea’s latest integration places the two marketplaces on overlapping ground again. Their competition on Solana dates back to OpenSea’s first attempt to enter the network’s NFT market in 2022, when Magic Eden had already established a strong position among Solana collectors.

For its Aug. 31 rollout, OpenSea said the addition of Solana connects creators and collectors from the network with its existing multi-chain user base. The company identified Claynosaurz, Mad Lads, Collector Crypt and Phygitals among the collections available at launch, with support beginning Aug. 31.