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Federal Judge Dismisses XRP Influencer's Defamation Suit: What Does It Mean?

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XRP Influencer's Defamation Suit Dismissed Under Anti-SLAPP Law. Source: X/@SugarXRPL

A federal judge in Washington dismissed a defamation lawsuit filed by XRP-focused influencer Jake Claver against content creator Zach Rector on September 2.

The court ruled that Rector’s 2025 videos about Claver’s businesses contained no actionably false statements.

What Rector’s Videos Actually Referenced

The dismissed lawsuit centered on three videos Rector posted alleging misconduct tied to Claver’s Digital Ascension Group and Digital Wealth Partners, according to reports on X. Those videos drew directly on Claver’s own admissions in a separate New York lawsuit filed by payments processor Verivend Inc.

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In that case, Claver acknowledged fabricating emails, wire transfer confirmations, and a screenshot of a Verivend wallet dashboard showing a false balance exceeding $1 million, according to court documents.

Court filings also show Jake Claver admitted to impersonating Verivend employees on multiple occasions to generate fake email threads.

Judge Kymberly K. Evanson granted Rector’s motion under Washington’s Uniform Public Expression Protection Act, the state’s anti-SLAPP law designed to protect speech on matters of public concern.

“We may not agree with each other sometimes, but for Jake Claver to sue Zach Rector, a fellow XRP community voice, turning price‑call criticism into a $30m federal fight, only to be told the speech was protected, reflects more on the plaintiff than on the videos…,” one user said on X.

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XRP Influencer's Defamation Suit Dismissed Under Anti-SLAPP Law. Source: X/@SugarXRPL
XRP Influencer’s Defamation Suit Dismissed Under Anti-SLAPP Law. Source: X/@SugarXRPL

The court dismissed all of Claver’s claims, including defamation, tortious interference, conspiracy, and breach of contract, without prejudice. Evanson also ruled that Rector is entitled to recover his attorneys’ fees and litigation costs. Claver has until September 23 to file an amended complaint.

Rector confirmed the ruling directly, saying the court found no false statement in his videos and that he is entitled to recover his fees because Claver’s suit targeted his free speech rights on a matter of public concern.

A Familiar Pattern in Crypto Defamation Cases

This is not the first time a prominent crypto influencer’s defamation claim against a critic has collapsed. In 2022, BitBoy Crypto founder Ben Armstrong sued fellow YouTuber Erling Mengshoel Jr., known as Atozy, over a video accusing him of promoting a failed token.

Armstrong voluntarily withdrew the case within weeks after Atozy crowdfunded more than $200,000 for his defense, as public backlash mounted. Unlike Claver’s case, no judge ever ruled on it, so it set no formal legal precedent.

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Still, both episodes illustrate a recurring dynamic in the crypto space: defamation suits filed against outspoken critics have repeatedly struggled to survive public and legal scrutiny, often ending in withdrawal or dismissal rather than victory for the plaintiff.

The ruling drew a strong reaction within the XRP community online, with several observers characterizing it as a clear vindication of Rector’s reporting and a warning against using defamation claims to suppress criticism within the space.

The post Federal Judge Dismisses XRP Influencer's Defamation Suit: What Does It Mean? appeared first on BeInCrypto.

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Hyperliquid HIP-4 volume triples after open rollout

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can HYPE hit $100 in 2026?

Hyperliquid opened its HIP-4 outcome-market infrastructure to outside venues on Aug. 29, and daily trading volume nearly tripled within three days, according to research published Sept. 3.

Summary

  • Hyperliquid opened HIP-4 deployment August 29, and reported daily outcome volume tripled within three days.
  • Two outside venues each posted 500,000 HYPE bonds to deploy markets using approved templates independently.
  • Outcome captured 85% of reported volume while offering traders a $1 million active rebate program.
  • Hyperliquid validators publish settlement prices every three seconds, according to the research collective’s analysis publicly.
  • U.S. availability would require regulatory authorization, while sports contracts could face additional federal scrutiny requirements.

Daily volume increased from an August average of approximately $545,000 to $1.97 million on Aug. 31, the Hyperliquid Research Collective reported. The trailing daily figure subsequently reached approximately $2.75 million.

Two outside venues, Outcome and Skew, posted 500,000 HYPE bonds and began deploying markets through seven templates approved by Hyperliquid validators. However, the early volume was heavily concentrated in Outcome and supported by trading incentives.

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The rollout makes market deployment permissionless at the protocol level. It does not automatically authorize HIP-4 operators to serve U.S. customers or offer every category of event contract.

Hyperliquid HIP-4 opens deployment to outside venues

HIP-4 supports fully collateralized outcome contracts that settle within a fixed range, usually zero or one. Prices can represent the market’s assessment of whether a specified event will occur.

Unlike perpetual futures, these contracts do not use leverage, funding payments or liquidations. Traders must provide the full collateral required for their positions.

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As crypto.news previously explained, HIP-4 introduced outcome contracts alongside Hyperliquid’s builder-deployed perpetual markets. The first HIP-4 products reached mainnet in May but remained controlled by validators and selected operators.

The Aug. 29 upgrade opened deployment to outside builders. Each operator must bond 500,000 HYPE for at least six months. The bond can be slashed if validators determine that a deployer created an invalid market, settled it incorrectly or failed to complete settlement within the permitted period.

Permissionless deployment also remains limited by templates. Validators approve standard market formats and their permitted language. Builders can then launch markets that follow those specifications without seeking separate approval for every contract.

This design separates market creation from template governance. Outside operators gain control over individual listings, while validators retain influence over the categories and settlement structures that the protocol supports.

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Incentives drove most of the early volume

Outcome accounted for approximately 85% of reported HIP-4 volume after third-party deployment opened. Skew produced roughly 1%, leaving the remaining activity with existing validator-deployed markets.

Outcome introduced a $1 million rebate campaign that paid users approximately one cent for every dollar traded, according to the research. The incentive means the initial increase should not be treated entirely as evidence of lasting demand.

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Rebate programs can encourage participants to trade more frequently or execute transactions that would be less attractive without rewards. The reported volume remains genuine trading activity, but its durability will become clearer after incentives decline or expire.

The concentration also creates an early test for HIP-4’s permissionless model. Two operators have posted bonds, yet one venue controls most of the new activity. More deployers, market templates and liquidity sources would be needed to establish a broader competitive market.

Hyperliquid previously announced plans for permissionless HIP-4 deployment in July. At the time, crypto.news reported that outside builders would need substantial HYPE stakes and could face slashing.

The current 500,000 HYPE requirement provides an economic penalty for misconduct. However, its dollar value also creates a high entry barrier. Only operators controlling or borrowing large HYPE positions can deploy markets directly.

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No verified market data showed that the permissionless rollout alone caused a distinct change in HYPE’s price. Wider crypto-market conditions and other activity on Hyperliquid also affect the token.

Shared settlement connects outcomes with perpetuals

HIP-4 contracts settle using prices published by Hyperliquid validators every three seconds, according to the collective. The outcome positions use the same account environment supporting Hyperliquid’s perpetual markets.

This architecture can allow a trader to hedge a binary outcome with a perpetual contract referencing the same mark price. Because both positions use the same underlying price source, the hedge avoids differences created when separate venues use different indexes or settlement times.

For example, a contract paying one dollar if Bitcoin closes above a specified level could be paired with a Bitcoin perpetual position. Both instruments would respond to a common Hyperliquid mark rather than independent external references.

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The arrangement does not remove every risk. Traders still face liquidity, execution and settlement risks. Validators also play a central role in publishing the prices used for settlement.

The collective argued that neither Kalshi nor Polymarket can offer an identical hedge because their event contracts do not share Hyperliquid’s perpetual account and mark-price system. That comparison concerns technical market structure, not liquidity quality, regulatory protection or overall platform risk.

Kalshi operates as a regulated U.S. designated contract market. Polymarket has used blockchain settlement and external resolution systems. Hyperliquid instead places matching, collateral and validator-directed settlement within its own network.

That tighter structure may reduce basis differences between instruments. It also concentrates operational dependencies within Hyperliquid’s validator and trading systems.

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U.S. access remains a separate challenge

None of the current HIP-4 templates reportedly covers sports, elections or other categories commonly associated with federal event-contract disputes. Existing listings instead focus on prices, economic figures and other objectively measurable results.

Avoiding sports does not by itself make the markets lawful for U.S. customers. A platform offering commodity derivatives to U.S. persons generally requires an appropriate regulatory framework, regardless of whether its software permits permissionless deployment.

The Commodity Exchange Act allows registered entities to submit new contracts to the Commodity Futures Trading Commission. Federal law also allows the CFTC to review event contracts involving gaming, terrorism, assassination, war, unlawful activity or similar subjects considered contrary to the public interest.

Current CFTC rules establish a review process for contracts involving those categories. The regulator can request a trading suspension during a 90-day review before approving or rejecting a contract.

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Sports would therefore add another legal question. The research collective found that sports accounted for 91% of HIP-4’s largest historical trading session. Opening third-party sports markets could increase demand, but it could also trigger scrutiny under the gaming provision.

The collective described regulatory “permission” as the remaining constraint, but no regulator has confirmed that registration alone would authorize every HIP-4 structure or market category.

The legal status could also depend on who operates the interface, controls market parameters, receives fees and makes the platform available to U.S. users. A protocol’s decentralized architecture does not settle those questions automatically.

What happens next for HIP-4

The clearest test will be whether volume remains above its August average after Outcome’s rebate campaign ends. Activity will also need to spread beyond a single operator to demonstrate that permissionless deployment has produced durable competition.

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Additional builders may enter after posting the required HYPE bonds. Hyperliquid validators could approve more templates, expanding the range of economic, crypto and financial outcomes available for deployment.

U.S. access would require a separate compliance path. Any operator seeking American users would need to determine whether its contracts require CFTC registration, submission or other authorization.

Sports markets would face an added review question because federal law specifically identifies gaming as an event-contract category that may be examined under the public-interest standard.

FAQs

What is Hyperliquid HIP-4?

HIP-4 is Hyperliquid’s framework for fully collateralized outcome contracts. The contracts commonly settle at zero or one based on a predetermined result.

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When did permissionless HIP-4 deployment begin?

Hyperliquid enabled outside HIP-4 deployment on Aug. 29, 2026. Builders must use validator-approved templates and post a 500,000 HYPE bond.

Why did HIP-4 volume triple?

Outcome generated most of the increase after launching third-party markets. Its $1 million rebate program also rewarded users according to their trading volume.

Can U.S. customers legally trade HIP-4 markets?

Permissionless protocol deployment does not establish lawful U.S. access. Operators may require CFTC registration or authorization, depending on their products and activities.

Why could sports markets face greater scrutiny?

The Commodity Exchange Act allows the CFTC to review certain event contracts involving gaming under a public-interest standard.

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Bitcoin recovers toward $78,000 as pons and arbitrum extend Robinhood Chain rally

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Bitcoin recovers toward $78,000 as pons and arbitrum extend Robinhood Chain rally


BTC rose 0.76% since midnight as a softer dollar lifted equities and metals alongside crypto, while ARB and PONS pushed higher for a third session.

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Bitcoin Waits for Jobs Data as ETF Demand Cools

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Bitcoin was trading almost flat at $77,700 as crypto traders awaited Friday’s U.S. jobs report. The data could influence expectations for the Federal Reserve’s next major move. Ethereum was also holding near $2,400.

The market was in a wait-and-see mode ahead of the employment release. Bitcoin’s limited move and Ethereum’s similarly quiet trading reflected a period of caution as traders looked for a clearer signal from the U.S. data.

Friday’s report could either reinforce or alter the market’s view of the policy outlook. For crypto traders, that makes the release a key focus while Bitcoin remains near its current level.

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Why Crypto ETF Demand Matters

The flat price action comes alongside signs of resilience in Bitcoin holdings. About 68% of all Bitcoin in circulation is currently in profit despite global uncertainty. That measure indicates that a substantial share of the supply is above its purchase price.

At the same time, demand for Bitcoin ETFs has become less consistent after strong inflows in August. The pattern hints that large investors have been less active lately, even as Bitcoin has held near $77,700.

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Bitcoin (BTC)
24h7d30d1yAll time

Avinash Shekhar, the CEO of Indian Crypto Exchange, has urged a cautious approach to Bitcoin accumulation. He said investors may benefit from seeking confirmation instead of chasing sudden price moves, and suggested gradual accumulation at defined levels while watching trading volumes and Bitcoin’s ability to sustain higher levels.

The combination of profitable Bitcoin supply and less consistent ETF demand describes a market with signs of resilience but without the same steady demand seen during the August inflow period.

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Bitcoin near $77,700: the snapshot, and its limits

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The available snapshot as of September 3 shows Bitcoin near $77,700 and down 0.1%, Ethereum near $2,400, roughly 68% of Bitcoin supply in profit, and ETF demand becoming less consistent after August’s strong inflows. Markets also see a 64% chance of a Fed rate hike.

The supplied information does not identify confirmed support or resistance levels, moving-average signals, or a specific breakout threshold. The available evidence instead points to a market waiting for the jobs report and its possible effect on expectations for the Fed.

Friday’s Bureau of Labor Statistics release could shift expectations around the Fed’s next move. That possibility is why traders are focused on the report while Bitcoin remains near $77,700.

Geopolitical tensions add risk alongside possible Fed rate hikes. The supplied evidence says that any price breakout could set the next trend for crypto, while the market’s current position remains one of caution ahead of the jobs data.

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Standard Chartered launches spot Bitcoin and Ether trading in UAE

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Standard Chartered launches spot Bitcoin and Ether trading in UAE

Standard Chartered launches spot Bitcoin and Ether trading in UAE

Standard Chartered said it is the first major global bank to offer institutional access to spot Bitcoin and Ether trading in the UAE region.

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Viral Altcoin Enters Crypto’s Top 100 Club Following Support From Binance: Details

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The trending altcoin PONS, which saw the light of day earlier this summer, hit a new all-time high and just entered the prestigious club of the 100 largest cryptocurrencies by market capitalization.

Here’s what triggered its additional rally and some of the most interesting predictions for the near future.

PONS Keeps Pumping

The cryptocurrency market has a habit of spewing tokens that stun industry participants with rapid price increases. The latest example is PONS, which is closely connected to Robinhood Chain and began trading in mid-July.

Over the past two weeks, its valuation has skyrocketed by nearly 1,300% and is now hovering at a record high of around $0.55 (per CMC). PONS’s market capitalization is approximately $395 million, making it the 98th-largest cryptocurrency.

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PONS Price
PONS Price, Source: CoinGecko

The most recent jump was likely triggered by Binance, which added the token to its Binance Alpha section. The platform serves as an early-stage discovery hub, featuring emerging cryptocurrencies before they potentially receive official backing.

The impressive performance has caught the attention of numerous industry participants. X user Crypto Tony, for instance, claimed that PONS “will no doubt” hit the $1 billion market-cap milestone “soon.”

Meanwhile, some traders and investors have already tried their luck with the token, but not all have been successful. As CryptoPotato reported, an anonymous person purchased nearly 8 million PONS roughly a month ago for about $443,000. Shortly after, the token pulled back, and the investor decided to minimize the damage by selling their entire position, incurring a $308,000 loss. This turned out to be an emotional and irrational move since the stash is currently worth over $4 million.

Surpassing the Leaders on This Front

Besides being a standout performer today (September 3), PONS is also the number-one trending cryptocurrency (according to CoinGecko). It has dwarfed popular altcoins like Arbitrum (ARB), Uniswap (UNI), Hyperliquid (HYPE), and others, while the heavyweights Bitcoin (BTC) and Ethereum (ETH) have not even made the top 10 list.

Top Trending Cryptocurrencies
Top Trending Cryptocurrencies, Source: CoinGecko

The post Viral Altcoin Enters Crypto’s Top 100 Club Following Support From Binance: Details appeared first on CryptoPotato.

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Arthur Hayes Says EUR/JPY Drop Could Fuel Crypto Liquidity Surge

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Arthur Hayes Says EUR/JPY Drop Could Fuel Crypto Liquidity Surge

Arthur Hayes says a falling EUR/JPY could unlock a fresh wave of crypto liquidity. He argues the currency move signals more dollar printing at the Federal Reserve.

The Maelstrom chief investment officer forecasts EUR/JPY falling from about 185 to below 140 by June 2027. He links the move to US Treasury Secretary Scott Bessent’s currency strategy.

Why EUR/JPY Is Hayes’ Crypto Liquidity Gauge

In July, the New York Fed sold euros to help fund Japan’s yen rescue. It used the Treasury’s Exchange Stabilization Fund (ESF) rather than dollars.

Hayes argues that reallocation previews a bigger pattern. Allies get dollar liquidity without an official expansion of the Fed’s balance sheet.

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EUR/JPY trading at 183.86, down 0.04% on the day, as of Sep 3, 2026. Image Source: TradingView

Senator Elizabeth Warren has already asked Bessent to justify the ESF’s use. He has not disclosed the full amount spent.

Hayes also points to the Fed’s growing use of repo market purchases to backstop Treasury demand. Similar repo dynamics underpin a separate BeInCrypto analysis tying Bessent’s buyback program to a $224,000 Bitcoin math.

Maelstrom, his family office, holds Bitcoin (BTC) as a structural long regardless of short-term swings.

A Political Trigger in France

Hayes’ EUR/JPY call rests partly on France. He argues, in his latest newsletter, the country’s widening bond yields and fragile banks could force the Banque de France into unofficial stimulus. That would come ahead of France’s 2027 presidential election.

That scenario is Hayes’ own framework, not a confirmed policy shift. No French or European Central Bank official has signaled such a move.

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He also cites a widening gap between French and German bond yields. He says it is near its widest level since the 2011 euro crisis.

Still, Hayes says any strain on French lenders could reduce their role in short-term funding markets. He argues that gap would pull the Fed deeper into repo purchases to keep Treasury markets functioning.

He calls a weaker EUR/JPY the fastest early warning that liquidity is accelerating.

Whether the euro cooperates on Hayes’ timeline remains unverified and speculative. If EUR/JPY keeps falling through next year’s French elections, that alone could be the tell.

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Crypto traders may end up watching a currency pair, not ETF flows, for their next liquidity cue.

The post Arthur Hayes Says EUR/JPY Drop Could Fuel Crypto Liquidity Surge appeared first on BeInCrypto.

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Coldcard hacker swaps stolen Bitcoin for ETH via THORChain

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Coldcard hacker swaps stolen Bitcoin for ETH via THORChain

Coldcard hacker swaps stolen Bitcoin for ETH via THORChain

The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address.

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Uniswap (UNI) Price Surges 100%, and One Chain Playing ‘Robin Hood' Explains Why

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Share of Chain Volume

Uniswap price has doubled since August 14, and the money comes from an unexpected place. Robinhood Chain, the network Robinhood launched on Arbitrum in July, now generates two thirds of everything Uniswap earns.

The original Robin Hood took from the rich and gave to the poor. This one takes from the chain it was built on and pays a protocol that has found it hard to keep its revenue.

Robinhood’s Record Month Ran on Uniswap

Robinhood Chain traded $17.99 billion in August, 26% more than July, per DefiLlama’s Robinhood Chain data, and September 1 was its biggest single day yet.

Almost all of it was Uniswap. On September 1, $1.75 billion of the chain’s $1.95 billion passed through Uniswap pools, per Dune, so nearly every new dollar on the chain is a new dollar of Uniswap fees.

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Share of Chain Volume
Uniswap Share of Robinhood Chain Volume: BeInCrypto

The number of traders barely changed. Wallets rose 22% since August 1 while volume rose 7.9 times, so each is trading about six times more.

 Volume vs Wallets
Robinhood Chain Volume vs Wallets: BeInCrypto

Existing users are putting more money to work, and since Uniswap earns a percentage of each trade, that deepening interest is worth more to it than a rush of new wallets.

So who collects those fees?

Taking From Arbitrum, Paying Uniswap?

Not the chain’s landlord. Robinhood Chain is an Arbitrum Orbit chain, meaning Robinhood built it with Arbitrum’s technology and in return hands Arbitrum 10% of the chain’s net revenue, which came to $1.32 million in 30 days.

Uniswap, the exchange where the trading happens, collected $78.73 million in trading fees there over the same period. That is 60 times Arbitrum’s share, and 66% of everything Uniswap earned across 47 chains. Arbitrum gets paid for lending the technology. Uniswap gets paid every time someone trades.

Uniswap vs Arbitrum Robinhood Chain Fees
Uniswap vs Arbitrum Robinhood Chain Fees: BeInCrypto

The DeFi protocol also earns more per dollar there, charging 0.465% of each dollar traded on Robinhood Chain against 0.214% globally, because Robinhood swaps land in higher fee tiers. In the two highest Uniswap v4 tiers, they paid 84 and 351 basis points against 45 and 241 on Ethereum, per Dune indexed data.

Fee Tiers vs Ethereum
Uniswap v4 Fee Tiers Robinhood vs Ethereum: BeInCrypto

Those tiers are where tokenized stocks trade, and their share of volume rose from under 0.1% in mid August to 4.1% on September 1. More volume at a higher rate means more fees.

The Weakness Robinhood Is Fixing

More fees matter because keeping them is where Uniswap falls short. Of $119.3 million in 30-day fees, only $9.45 million, or 7.9%, reached UNI holders through the burn approved last December. Aerodrome, the largest exchange on Base, passes 70% to holders. GMGN, a Solana meme coin trading app, passes 82%.

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Uniswap Fee Capture vs Rivals
Uniswap Fee Capture vs Rivals: BeInCrypto

Robinhood does not raise that 7.9%. It raises the fee total the 7.9% is taken from. Robinhood Chain’s volume grew 26% in August, and Uniswap charges double its usual rate there. Therefore, every dollar traded on the chain produces more Uniswap fee than a dollar traded elsewhere.

A fixed 7.9% of a larger fee total means more money spent buying and burning UNI, and fewer UNI left in circulation.

On-Chain Volume
On-Chain Volume: BeInCrypto

That is the revenue story whale wallets bought with 257,777 UNI as September opened, and the price was already moving on it.

Uniswap Price Action: A Flag After a 100% Pole

Uniswap trades at $5.73, down 2.1% day-on-day, after a 100% run from $3.16 on August 14 to $6.38. The pullback looks like a bull flag, which usually resolves upward.


Price Vs. Volume
Price Vs. Volume: TradingView

Volume agrees. Buying rose into the peak, and selling has stayed below August 24 levels since.

A daily close above $6.20 confirms the flag and opens $7.06, 23% higher. Below $5.67 the flag fails, and a break under $4.35 erases the setup.

Uniswap Price Analysis
Uniswap Price Analysis: TradingView

Analyst’s View: Robinhood did not set out to rescue Uniswap, but the money says it has. While Robinhood’s volume keeps climbing, UNI has a revenue story it never had before. The chart says the market is still deciding whether to believe it.

The post Uniswap (UNI) Price Surges 100%, and One Chain Playing ‘Robin Hood' Explains Why appeared first on BeInCrypto.

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B HODL Stock Surges 67% in a Month on MicroStrategy Bitcoin Playbook

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Bitcoin one-month price chart

B HODL stock has climbed 67% in a month. It announced buying 1 BTC on Thursday, lifting its treasury to 167.487 BTC.

The company trades on the Aquis Stock Exchange, a small London venue for growth companies. It part-funded the purchase by completing its second at-the-market (ATM) equity programme, with its Capital Deployment Programme covering the rest.

B HODL Stock Climbs While the Bitcoin Cost Basis Stays Underwater

The company paid £57,680, or about $77,772, for the coin. Its average cost sits near $110,129 per Bitcoin, so the treasury stays roughly 29% under water.

Bitcoin (BTC) traded near $77,658 on Thursday, up 0.3% on the day. The coin has gained 22% in a month, so B HODL stock tripled that pace.

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Sats per share climbed to 120.16 from 117.77 at the end of April. That number matters because dilution only pays when each share ends up holding more Bitcoin.

An ATM programme drip-feeds small share tranches into the open market, and MicroStrategy pioneered the tool. B HODL raised about £48,300, or roughly $65,000, selling 600,000 shares at an average 8.06 pence. The Capital Deployment Programme made up the difference.

The scale differs wildly from MicroStrategy’s billion-dollar raises, yet the mechanism is identical. Several peers cannot sell equity at all, because their stock trades below Bitcoin they already own.

Bitcoin one-month price chart
Bitcoin one-month price chart. Source: BeInCrypto

Adam Back Endorses the MicroStrategy Model

Adam Back, the Blockstream chief executive, endorsed the approach.

Adam Back. Source: X

He also backs European treasury vehicles directly, funding a Capital B raise worth €7.6 million on Wednesday.

The rally, however, arrived before the news. HODL closed Wednesday at 8.84p, up 4% on the day, after an 11.11% jump on Tuesday.

B HODL PLC Stock Chart. Source: TradingView

MicroStrategy still sets the benchmark. Michael Saylor said his firm holds more reserve capital than every S&P 500 financial except Berkshire Hathaway, pointing to 845,050 Bitcoin.

That claim rests on a metric MicroStrategy designed itself, however, and MSTR slipped 2.1% on Wednesday.

Analysts called treasury stocks a textbook bubble chart in June, and market net asset value (mNAV) pressure has persisted since.

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B HODL, however, keeps clearing that bar. ATM 2 delivered roughly 135 sats for each new share, comfortably above the 120.16 average.

Issuing above that line leaves holders owning more Bitcoin per share, not less. ATM 3 opens on about September 8 with the same test attached.

The post B HODL Stock Surges 67% in a Month on MicroStrategy Bitcoin Playbook appeared first on BeInCrypto.

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ARB Skyrockets by Double Digits Again, BTC Recovers From Drop to $76K: Market Watch

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Following the latest escalation in the Middle East war, bitcoin’s price dipped toward $76,000 yesterday for the first time in almost two weeks before rebounding today.

Most larger-cap alts have posted some gains over the past day, with XRP climbing to over $1.35 and BNB tapping $700. ETH still fights for $2,400.

BTC Rebounds

The breakout from a couple of weeks ago drove the primary cryptocurrency from under $65,000 toward $80,000 within days. After hitting some resistance there at first, BTC finally managed to surge past that level last week, jumping to $81,200 and $81,500 on a couple of occasions.

However, the bulls were too exhausted and couldn’t continue driving the asset north. Instead, bitcoin dropped to $77,000 last Friday after Kevin Warsh’s hawkish speech at Jackson Hole.

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Nevertheless, the cryptocurrency managed to recover some ground during the weekend and touched $79,000 on Sunday. It dipped back down to $77,000 on Monday after the strikes in the Middle East resumed, rebounded to $79,000 and closed the month in the green, and dropped once again yesterday to $76,200 – its lowest price tag in 10 days.

Nevertheless, that level provided the necessary support, and BTC now trades close to $78,000. Its market capitalization on CMC is up to $1.560 trillion, while its dominance over the alts stands still at 59.6%.

BTCUSD September 3. Source: TradingView
BTCUSD September 3. Source: TradingView

ARB Rockets

Arbitrum’s native token is today’s top performer, having surged by 18.5%. It now trades close to $0.14 after a 50% increase in the past week. NIGHT is next with an 11.5% pump, followed by CAKE (9%), APT (9%), LIT (8%), and PYTH (6.5%).

SUI and ADA have surged the most from the larger caps, both up by over 6% to $0.21 and $0.77. XRP has reclaimed the $1.35 support after a 2.7% daily increase. ETH fights for $2,400, while BNB is slightly above $700. SOL is back to $100, while TRX is up by just over 1%. In contrast, UNI has slumped by 6.5% after its recent rally, while SKY is down by almost 6%.

The total crypto market cap is up by $20 billion to $2.620 trillion on CMC.

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Cryptocurrency Market Overview September 3. Source: QuantifyCrypto
Cryptocurrency Market Overview September 3. Source: QuantifyCrypto

The post ARB Skyrockets by Double Digits Again, BTC Recovers From Drop to $76K: Market Watch appeared first on CryptoPotato.

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