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A $2 million bet on XRP volatility crosses the tape as prices surge

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A $2 million bet on XRP volatility crosses the tape as prices surge


An options trader opened a large straddle on XRP, betting on wild price swings by Aug. 28.

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Bitcoin, ether and solana climb as another $1 billion shorts get wiped out

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Bitcoin, ether and solana climb as another $1 billion shorts get wiped out


The two-day short liquidation total has reached about $3.8 billion, after Thursday’s figure set a record going back to 2021.

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HMRC sends 81,172 crypto tax warnings in one year

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Greece moves to close crypto tax gap with new 15% proposal

The UK’s HM Revenue and Customs (HMRC) sent 81,172 tax warning letters, emails and text messages to crypto investors during the 2025/26 financial year, according to figures reported on Aug. 20.

Summary

  • 81,172 warnings reached crypto investors in 2025/26, up from 64,982 during the previous financial year.
  • HMRC treats crypto sales, swaps, purchases and most gifts as potential taxable disposals for investors.
  • UK service providers began collecting customer details under the Cryptoasset Reporting Framework in January 2026.
  • Platforms must submit their first reports covering 2026 activity to HMRC by May 31, 2027.
  • Unpaid domestic tax can attract penalties reaching 100% of tax due, plus accrued interest charges.

The number rose from 64,982 warnings in 2024/25 and 27,714 in 2023/24. The latest total was therefore about 25% higher than the previous year and nearly three times the figure recorded two years earlier.

The figures came from a Freedom of Information request obtained by accounting firm UHY Hacker Young and reported by the BBC. HMRC reportedly suspects that some undeclared liabilities arose from gains accumulated as crypto prices increased between late 2022 and 2025.

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HMRC has not disclosed how much unpaid tax the latest warning campaign identified. A warning, commonly called a nudge letter, also does not automatically mean its recipient owes tax or faces a formal investigation.

HMRC crypto tax warnings target possible underpayments

HMRC sends warning communications when information available to the agency suggests that a taxpayer may have omitted income or capital gains. Recipients are generally asked to review their records and correct any errors.

UK taxpayers may owe Capital Gains Tax when they sell crypto for fiat currency, exchange one token for another, purchase goods with crypto or give tokens to another person. Gifts to spouses, civil partners and qualifying charities usually receive different treatment.

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The tax applies to gains rather than the total value of a transaction. Individuals must calculate proceeds in pounds sterling and deduct eligible acquisition costs. HMRC’s official guidance also requires investors to maintain records for each token pool.

Crypto received through employment, mining, staking, lending or some decentralized finance arrangements may instead create Income Tax and National Insurance obligations. A later disposal can produce a separate capital gain.

Reporting rules will give HMRC more exchange data

The UK introduced the Cryptoasset Reporting Framework on Jan. 1, 2026. Since that date, covered crypto service providers have been required to collect identifying information and transaction data from customers.

Required information can include names, addresses, tax residences and tax identification numbers. Providers must submit their first reports covering 2026 activity between Jan. 1 and May 31, 2027, according to HMRC’s published rules.

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The framework also supports information exchanges between participating tax jurisdictions. This could give HMRC access to records held by some overseas platforms serving UK residents. The agency estimates that the reporting measures could raise as much as £315 million by April 2030.

As previously reported, the new regime also introduced financial penalties for missing customer information. Customers who fail to provide required details can face a penalty of up to £300. Platforms can also receive penalties for incomplete or inaccurate reports.

Other countries are adopting related reporting systems. In related coverage, European Union rules have expanded tax data collection across crypto transactions, including some transfers involving external wallets.

Investors can correct unpaid crypto tax voluntarily

HMRC allows taxpayers to report previously unpaid crypto liabilities through its Cryptoasset Disclosure Service. The process can cover Capital Gains Tax and Income Tax arising from earlier financial years.

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Taxpayers need transaction records from every platform and wallet used. Exchange statements alone may be insufficient because platforms do not always calculate pooled acquisition costs or track transfers between accounts belonging to the same person.

HMRC says unpaid domestic tax can result in penalties reaching 100% of the amount owed, plus interest. Offshore cases can attract higher penalties. The final charge depends on the taxpayer’s conduct, disclosure timing and cooperation.

The reporting regime does not create a new crypto tax. It gives HMRC more information for checking whether taxpayers followed rules that already applied. Investors receiving a warning should verify the agency’s calculations before confirming or disputing any liability.

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Binance founder CZ says ‘tokenize everything’ to attract investors

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Bitcoin or AI? CZ says only one protects against inflation

Binance founder Changpeng Zhao said on Aug. 21 that countries could use tokenization to raise capital and attract foreign direct investment by offering digital representations of assets to global investors.

Summary

  • CZ said tokenization could help governments raise capital and attract foreign direct investment from abroad.
  • He supports issuing tokenized assets across multiple blockchains despite the resulting fragmentation of market liquidity.
  • CZ argued that greater interchangeability between issuers could reduce some liquidity fragmentation across blockchain networks.
  • BNB Chain reported 776,000 RWA holders, while RWA.xyz measured 776,428 addresses on August 19, 2026.
  • Tokenized shares remain securities and must comply with applicable laws governing issuance and secondary trading.

“Let’s tokenize everything,” CZ wrote in an X post. He argued that countries and companies have an incentive to sell tokenized shares to investors worldwide.

CZ also backed issuing tokenized assets across every blockchain rather than selecting a single network. He acknowledged that this approach would create fragmented liquidity but said parallel development would be the fastest way to expand the sector.

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His comments represented a policy and industry view, not a formal investment initiative from Binance, BNB Chain or any government. CZ did not identify countries preparing tokenized share offerings or provide a timeline for their launch.

Tokenization does not automatically create FDI

Tokenization converts ownership rights or economic claims into blockchain based units. Governments and companies can apply the model to shares, bonds, funds, commodities, property or other assets.

A token can broaden distribution by making an asset accessible through digital platforms. However, access does not guarantee new investment, liquidity or legal recognition across borders. Issuers must still address securities laws, custody, investor verification, disclosures and ownership rights.

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CZ described tokenization as one of the best methods for attracting foreign direct investment. Under the OECD’s formal definition, FDI generally involves a foreign investor establishing a lasting interest and owning at least 10% of an enterprise’s voting power.

Smaller purchases of tokenized shares may instead qualify as portfolio investment. Whether a token sale counts as FDI therefore depends on the investor’s residence, voting rights, ownership level and relationship with the issuing company.

CZ supports growth across competing blockchains

CZ said issuing assets on multiple networks would allow more teams to develop tokenization infrastructure simultaneously. This could increase distribution but divide trading activity and capital between separate markets.

Liquidity fragmentation can produce different prices, wider spreads and shallower order books for representations of the same asset. Bridges and separate issuers can also introduce technical, custody and counterparty risks.

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CZ said high interchangeability between issuers could address some of that fragmentation. Such compatibility would require consistent redemption rights, backing arrangements, settlement processes and legal claims. He did not propose a specific technical standard.

Existing projects are already expanding tokenized securities across several networks. As previously reported, Ondo developed infrastructure that moves tokenized stocks between supported blockchain markets while maintaining backing for transferred assets.

In related coverage, tokenized U.S. stocks were also extended into Hyperliquid’s blockchain trading environment, showing how issuers are seeking liquidity across multiple ecosystems.

BNB Chain reports rapid growth in RWA holders

CZ’s comments followed a BNB Chain statement that the network had reached approximately 776,000 holders of tokenized real world assets, up about 370% over 30 days.

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RWA.xyz data recorded 776,428 RWA holders as of Aug. 19, an increase of 368.51% over the preceding 30 days. The platform listed $5.8 billion in distributed asset value and 1,284 assets.

The figures include categories selected by the data provider and should not be treated as proof of foreign investment or demand for tokenized national assets. A blockchain address also does not necessarily represent one individual investor.

BNB Chain’s recent growth includes institutional products. As crypto.news previously reported, the network secured 61.7% of assets on Franklin Templeton’s Benji platform, representing about $1.5 billion at the time.

Tokenized shares would remain subject to the laws governing their underlying securities. The U.S. Securities and Exchange Commission said in a January statement that stocks, bonds and other securities do not lose their legal status when represented through crypto networks.

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CZ did not announce a product, regulatory application or launch deadline. The next developments would depend on issuers, governments and regulators establishing structures that define ownership, transfers, disclosures and cross border investor access.

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CrowdStrike Stock: Aim For A Return From Post-Earnings Swings

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CrowdStrike Stock: Aim For A Return From Post-Earnings Swings

CrowdStrike (CRWD) is set to report earnings on Aug. 26 after the regular session closes, and the options market is pricing in a 10% move in either direction. The stock has a solid recent history of strong performance following the cybersecurity company’s earnings reports. Bank of America recently raised its price targets on cybersecurity stocks, which could be good for…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Upbit lists 4 altcoins in South Korea with 8 pairs

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Upbit lists Derive (DRV) with KRW, BTC and USDT trading pairs

South Korean cryptocurrency exchange Upbit will add Bitcoin and Tether trading pairs for Biconomy, Bubblemaps, Nillion and ETHGas on Aug. 21.

Summary

  • Upbit will add eight BTC and USDT pairs covering BICO, BMT, NIL and GWEI tokens.
  • Trading was postponed three hours from 13:00 KST to 16:00 KST on August 21 officially.
  • BICO, NIL and GWEI deposits use Ethereum, while BMT transfers require Solana network support only.
  • Only limit orders remain available for roughly two hours after Upbit opens the new markets.
  • Upbit may delay trading again if deposits do not provide sufficient liquidity before the launch.

The exchange originally scheduled the eight markets to open at 13:00 Korea Standard Time. Upbit updated its official notice at 12:50 KST and postponed trading until 16:00 KST, a three hour delay.

Upbit did not give a detailed reason for the change. It apologized for the inconvenience and retained the previously announced deposit networks and initial order restrictions.

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The exchange warned that trading could face another delay if deposits and withdrawals fail to establish sufficient liquidity before the revised opening time.

Upbit listing covers eight new trading pairs

Each of the four tokens will receive one BTC pair and one USDT pair. Upbit did not announce Korean won markets for the assets.

BICO, NIL and GWEI deposits must use Ethereum. BMT deposits must use Solana. Upbit will not process transfers made through unsupported networks, even when another version of the same token exists elsewhere.

The exchange provided contract addresses for each supported asset. Users should verify those addresses and the selected blockchain before transferring funds. Deposits sent through the wrong network may require a lengthy recovery process or may not be recoverable.

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Upbit can also request evidence explaining the source of large deposits. Transfers from exchanges that do not meet its Travel Rule requirements may not appear in customer accounts until additional checks are completed.

The exchange has expanded its non won markets through several recent listing rounds. As crypto.news previously reported, Upbit added nine tokens across its BTC and USDT markets in June.

Initial orders will carry temporary restrictions

Upbit will restrict buy orders for approximately five minutes after trading begins. It will also block sell orders priced more than 10% below the reference closing price during that period.

Only limit orders will be accepted for roughly two hours after the markets open. Other order types and execution conditions will become available after Upbit removes the restriction.

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These controls are intended to manage the limited liquidity and rapid price movements that can occur when a market first opens. They do not guarantee price stability or prevent traders from incurring losses.

Previous Upbit listings have produced mixed market reactions. Some tokens have recorded abrupt increases in price and volume, while others have traded lower despite gaining access to the exchange.

In related coverage, Venice Token declined despite receiving three new Upbit trading pairs. Any price movement in BICO, BMT, NIL or GWEI would therefore require separate market data rather than being assumed from the listing announcement.

Four projects gain broader access to Upbit traders

Biconomy provides infrastructure designed to simplify blockchain transactions through account and chain abstraction. BICO supports governance and staking within its ecosystem.

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Bubblemaps visualizes token distribution and links between blockchain addresses. Its BMT token supports platform use and incentives for community research through Intel Desk.

Nillion develops privacy focused computing services for storing data, running confidential computations and processing artificial intelligence workloads. NIL is used for network payments, node rewards and staking.

ETHGas is developing a market for Ethereum blockspace and transaction preconfirmations. Its system is designed to let validators sell future block capacity while traders and applications seek more predictable transaction execution. GWEI supports governance and staking.

Upbit had opened deposits and withdrawals within two hours of publishing the original notice at 09:48 KST. The next confirmed event is the revised 16:00 KST trading launch, although the exchange’s liquidity condition leaves room for another postponement.

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The exchange has changed listing times before. As previously reported, Upbit postponed another token launch before opening trading in May. Traders should rely on the latest exchange notice rather than the original schedule.

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Binance launches Agent OS and MCP trading server

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Binance to delist 6 tokens on Aug. 17

Binance launched Binance Agent OS and its Model Context Protocol Server on Aug. 20, giving compatible artificial intelligence applications controlled access to market data and trading functions.

Summary

  • Binance Agent OS connects AI applications with trading, wallet, payment and market data tools via permissions.
  • The MCP Server supports spot, margin, Convert and two categories of Binance futures trading products.
  • Agents cannot withdraw funds externally or transfer assets from users’ main accounts into subaccounts directly.
  • Market data access requires no authentication, while account actions depend on specifically authorized user permissions.
  • Binance currently lists Claude, Claude Code, Codex, ChatGPT and VS Code as compatible client applications.

The developer platform combines Binance APIs, Wallet Agentic Hub, x402, Skill Hub and MCP support. Binance said the broader system is intended to reduce the need for developers to build separate connections for each crypto function.

Its Binance MCP Server acts as the connection layer between supported AI clients and the exchange. Users can authorize compatible applications without storing Binance API keys locally, according to the company’s announcement.

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Availability depends on the user’s location, account status and access to individual Binance products. The launch does not make every Binance function available through every AI application.

Binance Agent OS combines five developer components

Agent OS brings several existing and new developer services into one platform. Binance APIs provide access to trading, market, wallet and blockchain functions, while Wallet Agentic Hub supports wallet interactions controlled through user permissions.

Binance x402 provides payment and settlement tools for transactions initiated by software agents. Skill Hub gives developers a directory of modular functions covering trading, wallets, market information and blockchain activity.

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The MCP Server provides a standardized method for compatible AI clients to discover and call those functions. MCP is an open protocol for connecting AI models with external services, data sources and software tools.

Binance lists Claude, Claude Code, Codex, ChatGPT and VS Code as compatible applications. This means those clients can connect to the server when they support the required MCP setup. It does not mean that Binance controls or operates those applications.

As previously reported, Coinbase also gave AI agents the ability to spend and trade crypto through wallets equipped with programmable controls. The launches show exchanges competing to become the execution layer for AI applications.

The MCP Server supports trading but blocks withdrawals

Public market information does not require authentication. An AI client can retrieve tickers, order books, candlestick data and funding rates without receiving access to a Binance account.

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Authorized account functions include balance checks and internal transfers. Users can also grant access to supported spot, margin and Convert products. The system covers USDⓈ M and COIN M futures where the account and region are eligible.

Binance said agents cannot withdraw crypto to external addresses through the MCP Server. They also cannot move assets from a main Binance account into the dedicated Agentic subaccount.

Users must fund that subaccount themselves. The separation limits the assets available to an authorized agent, although it does not remove trading losses, faulty instructions or the risks associated with granting software transactional permissions.

The company advises users to review order and transfer details before confirming them. Scopes should also be limited to functions required for the intended task.

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In related coverage, Base introduced a similar architecture that keeps transaction approval under the user’s control while allowing AI applications to prepare wallet actions.

Developers can connect through one MCP endpoint

Developers and users can connect a compatible client to Binance through its published MCP endpoint. They must then create and fund an Agentic subaccount before authorizing account related actions.

The subaccount can receive an optional read only view of the main account. Trading and transfers remain confined to the funds and permissions assigned to the Agentic environment.

Binance has not announced a deadline for adding more applications or functions. The company said Agent OS provides a foundation for expanding wallet capabilities, developer tools and agent skills over time. Such additions remain forward looking until Binance publishes product details.

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The platform also includes Binance x402 as agent payment infrastructure. The protocol uses the HTTP 402 payment status to support automated payments between applications. As crypto.news reported, the standard has gained support from major cloud and payment companies.

Binance has published technical setup instructions through its developer documentation. Users must still check regional product restrictions and review every permission before making funds available.

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Capital.com Affiliate Gains UAE Crypto Dealing, Custody License

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Capital.com Affiliate Gains UAE Crypto Dealing, Custody License

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.

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Asian Stocks Slide on Bond Stress: Will Safe Havens BTC and Gold Keep Rallying?

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Asian Stocks Slide on Bond Stress: Will Safe Havens BTC and Gold Keep Rallying?

Most Asian share indices are headed for weekly losses as bond market stress persists. However, Bitcoin (BTC) and gold both rallied as investors reached for safe havens instead.

The moves reflect a broader flight from risk. Rising Treasury yields have hit stocks in Asia and the US this week. Traders are turning to assets seen as stores of value.

Asian Markets Buckle on Bond Stress

Japan’s Nikkei dropped 0.8% to open Friday’s trading. That extended its weekly loss to 4.4% before clawing a little back.

The Nikkei is down, mirroring US indexes. Image Source: Trading View

South Korea and Taiwan edged higher Friday. Both still finished the week lower, after a sharp Kospi sidecar halt earlier in the week. The broader MSCI Asia-Pacific index outside Japan managed only a 0.5% gain.

The sell-off traces back to US Treasury yields. They resumed climbing this week after a brief pause. The 30-year yield rose to 5.25%, and the 10-year hit 4.71%.

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Secretary Scott Bessent said the government could expand bond repurchases. He also floated fiscal consolidation. Analysts doubt Washington can find enough spending cuts to narrow the deficit.

The deficit is running above 6% of GDP. Interest payments alone are set to top $1.2 trillion this year.

“Historically, markets have pushed back when they believe fundamentals, like record debt level and historically large deficits, are on their side, and further interventions could become too costly to bear.”

Deutsche Bank strategist Steven Zeng said.

Brent crude added to the regional pressure. It touched a one-month high of $94.71 a barrel. Prices eased to $93.12 after toughened US sanctions threats against Iran.

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Bitcoin and Gold Rally as Safe Havens

While Asian equities struggled, Bitcoin and gold moved the other way. Bitcoin traded near $74,300 Friday, after touching an intraday high of $75,500.

Bitcoin is aligning with gold as a safe haven asset currently. Image Source: BeInCrypto

Gold held near $4,513 an ounce, up 3.1% for the week. Treasury’s expanded buyback plans fed a debasement narrative. That has already pushed JPMorgan’s $5,000 gold target into view.

That backdrop has revived the case for Bitcoin as a weaker-dollar hedge. VanEck strategists are among those pointing to the recent strength as evidence.

Wall Street felt the same bond stress. US stocks fell hard on Thursday once the buyback relief faded. The Dow dropped 703 points, and Walmart fell 9% on soft US sales.

The S&P 500 was down 1.9% for the week through Thursday. The Nasdaq fell 2.5%. Futures pointed modestly higher Friday.

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Nvidia’s results next week stand as the next test for the AI trade. The same risk appetite has also lifted Bitcoin’s price rally this month.

The dollar index is down almost 0.9% for the week, near a three-month low. The question for Asian investors is whether Bitcoin and gold keep working as a hedge. Or whether a Nvidia-driven swing on Wall Street drags every asset down together.

The post Asian Stocks Slide on Bond Stress: Will Safe Havens BTC and Gold Keep Rallying? appeared first on BeInCrypto.

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Solana, Robinhood, BNB Clash for Meme Coin Season: Who is Winning the $3 Billion Rally?

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Top Meme Coins by Market Cap

Meme coin market added close to $3 billion on Thursday. The sector is now worth $29.3 billion, up almost 10% today. Three blockchains are fighting over that money.

Solana, BNB Chain and Robinhood Chain each claim a share of it. Thursday’s trading data says only one of them is really winning.

Most of the $3 Billion Never Touched These Three Chains

The headline number flatters all three. Meme tokens traded $3.6 billion on Thursday, and three coins accounted for 59% of it.

Dogecoin (DOGE) led with $1.24 billion, and it runs on its own network. DOGE price rose 12.3%. Pepe (PEPE) followed with $514 million, and it sits on Ethereum. Official Trump (TRUMP) took $421 million.

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Top Meme Coins by Market Cap
Top Meme Coins by Market Cap. Source: Coingecko

So the contested pool is far smaller than the headline suggests. Market cap shows what a token is worth, not where traders went.

Two numbers show that. Volume records where money moved. Fees record what the chain kept.

Solana Wins Thursday’s Volume Test

Solana processed $3.01 billion in decentralized exchange trades over 24 hours, DefiLlama data show. BNB Chain handled $1.25 billion.

Robinhood Chain managed $510.8 million. It is the newest of the three, launched in July as a network for tokenized stocks.

Chains Ranked by DEX Volume. Source: DefiLlama
Chains Ranked by DEX Volume. Source: DefiLlama

Solana therefore out-traded both rivals combined. It took 63% of the three chains’ total flow.

Its launchpad token drew much of that. Pump.fun (PUMP) traded $286 million, fourth among all meme tokens.

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One caveat applies to every figure here. These totals cover all tokens on each chain, not meme coins alone.

Fees Show Whose Volume Is Worth Something

Volume is the easier number to grow. Blockspace is cheap, and a dollar can change hands many times in a day.

Fees are harder. Solana earned $925,809 in chain fees on Thursday. BNB Chain took $689,745. Robinhood Chain collected $59,275.

Chains Ranked by Fees. Source: DefiLlama
Chains Ranked by Fees. Source: DefiLlama

The distance is stark. Solana moved 5.9 times Robinhood’s volume but earned 15.6 times its fees.

Now measure fees per dollar traded. BNB Chain converted 0.055% of its volume. Solana managed 0.031%. Robinhood Chain kept 0.012%.

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That reorders the podium. Solana wins on scale, but BNB Chain extracts nearly twice as much value from each dollar.

The effect shows in the totals. Solana takes 63% of the three chains’ volume but only 55% of their fees.

Chains with no meme scene still earned more. Ethereum collected $1.22 million and Tron took $876,853.

Robinhood Chain ranked tenth among all chains, behind Polygon.

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Who is Winning Meme Coin Season

Solana, on both measures. It leads on volume traded and on total fees earned, and no rival is close on either.

BNB Chain is the credible number two and the sharpest earner per dollar. Its flagship token lagged, with the Chinese-language meme BinanceLife up 4.7% against a sector up 10.1%.

Robinhood Chain runs third on everything. It can still produce a mover, and its flagship Cash Cat (CASHCAT) gained 30.3% on $32.27 million of volume.

Cashcat Trading Volume. Source: Coingecko
Cashcat Trading Volume. Source: Coingecko

One rival sits outside the three-way frame. Base matched BNB Chain on volume at $1.255 billion.

Its economics resemble Robinhood’s, however. Base earned $189,724, converting 0.015% of volume into fees.

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The clash may already have four sides. Whether Solana keeps the crown rests on a number few traders watch.

Not how much volume it attracts, but how much of that volume it converts.

The post Solana, Robinhood, BNB Clash for Meme Coin Season: Who is Winning the $3 Billion Rally? appeared first on BeInCrypto.

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Breaking Down the Series Finale of Outer Banks

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Breaking Down the Series Finale of Outer Banks
Madelyn Cline as Sarah Cameron, Chase Stokes as John B, Jonathan Daviss as Pope, Madison Bailey as Kiara in Outer Banks —Courtesy of Netflix

Warning: This post contains spoilers for Outer Banks Season 5.
After years of treasure hunts, betrayals, shipwrecks, family feuds and increasingly improbable escapes, the Pogues finally make it home. The fifth and final season of Netflix’s Outer Banks sends John B (Chase Stokes), Sarah (Madelyn Cline), Kiara (Madison Bailey), Pope (Jonathan Daviss), Cleo (Carlacia Grant), and Rafe (Drew Starkey) through one last race for treasure—this time involving the Royal Merchant gold, the Blue Crown, a deadly hurricane, and the ghosts of everything they have lost along the way.
The finale takes the Pogues far beyond the Outer Banks before bringing them back. First, they learn that the arms dealer Anton Finch is planning to use the Blue Crown during a meteor shower. The group travels to Azerbaijan to stop him, while Cleo is arrested as they are leaving for the private plane. She tries to board as the plane is taking off, but a police officer shoots at the plane’s stairs, causing her to fall. Pope is already in Azerbaijan with the others when he discovers that Cleo has been deported to Nassau, Bahamas.
Kiara eventually gets the Blue Crown from Finch and takes it to the lake during the meteor shower, hoping it can bring JJ (Rudy Pankow) back. The crown doesn’t resurrect him, but it gives Kiara a powerful final connection to her memories of JJ and everything they shared. Finch later takes the crown back, meaning the Pogues return to the Outer Banks without it. They arrive just hours before Hurricane Cassandra hits.
Meanwhile, back in Kildare, Rose has the Royal Merchant gold after stealing it from the Pogues. Chandler Groff (J. Anthony Crane) attacks and tries to kill Rose, but Wheezie shoots him in the arm and saves her stepmother. Groff escapes in Rose’s car with the gold. During the hurricane, Kiara finds him aboard the stolen boat and confronts him about killing JJ. Their fight ends with Groff going overboard and presumed dead, while Kiara discovers that the boat is sinking.
Trying to keep the boat afloat, Kiara begins throwing heavy cargo into the ocean. Among the crates is the Royal Merchant gold Groff stole from Rose. She reluctantly pushes the gold overboard and soon falls into the water herself, but the Pogues find and rescue her.
The gold, however, isn’t lost for good. After the hurricane passes, Pope calculates where the treasure should have drifted by triangulating the fort, the lighthouse and the location where they rescued Kiara, while accounting for the currents and wind. John B dives into the ocean and discovers the gold beneath the debris and sand. The Pogues are able to recover part of it in the moment and retrieve the rest over the following days.
With the Royal Merchant fortune finally in their hands, the Pogues use the money to rebuild Kildare, buy back properties and restore their homes. They help create the community they always wanted, where Kooks and Pogues can live together.
So, where does everyone end up as the Outer Banks adventure finally comes to a close? Here’s what happens to the Pogues, their families and the people who shaped their story.

Chase Stokes as John B and Madelyn Cline as Sarah —Jackson Lee Davis—Netflix

John B and Sarah Cameron

After everything John B has been through, the finale gives him the future he has been fighting for: a family and a home. He and Sarah welcome their first child, a son named JJ in honor of their late best friend.

One year later, John B and Sarah get married in a ceremony surrounded by their friends and family. Their son is also part of the celebration, with Kiara carrying him into the ceremony before Sarah walks down the aisle with Pope.

John B and Sarah begin their married life raising their son in the community they helped rebuild. In the final moments, John B rings the bell near their home and calls for JJ.

“I think he’s traveled the world searching for happiness and peace, and his identity has been around this treasure that is significant to him and his father, and it’s this weird relationship to it,” Stokes says. “You can travel the world, you can see beautiful places and meet incredible people, but home is always going to be home.”

Meanwhile, Sarah finally gets the freedom and stability she has spent years searching for. After breaking away from the unstable[?] world she grew up in, she builds a family of her own with John B and their son.

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With Kildare rebuilt and the Pogues no longer living from one treasure hunt to the next, Sarah can settle into a life she chose for herself. Her journey from the daughter of a powerful Kook family to a member of the Pogues ultimately brings her to the family and sense of belonging she had been looking for all along.

“And I think a very, very full heart,” Cline says. “She finally got out of the bubble wrap, and that’s what she always wanted. She made her dreams come true, and I hope she feels that.” 

Madison Bailey as Kiara —Jackson Lee Davis—Netflix

Kiara Carrera

Kiara’s final chapter is defined by what comes after JJ’s death. The Blue Crown gives her an unexpected sense of closure, allowing her to revisit the memories she shared with him rather than simply focusing on what she lost.

Back in Kildare, Kiara confronts Groff and eventually turns her attention toward the future. She buys back the Maybank property with her share of the fortune and begins rebuilding it, while also pursuing her passion for marine life as an intern with North Carolina Marine Fisheries.

“I feel at peace with where she ends up,” Bailey says. “It’s a sweet ending for her, and I hope the fans love it too.”

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Carlacia Grant as Cleo and Jonathan Daviss as Pope —Jackson Lee Davis—Netflix

Pope Heyward and Cleo Anderson

After being arrested while trying to board the plane with the Pogues, Cleo is deported to Nassau, Bahamas and separated from Pope. But their story doesn’t end there. Pope eventually makes his way to Nassau and proposes to Cleo. She accepts and once the Pogues recover their fortune, Pope and his family are able to help Cleo resolve her immigration situation so they can live in Kildare together.

Cleo settles into a life with Pope and becomes part of the community the Pogues helped rebuild.

“It’s just a full 360 of how we met her,” Grant says. “We met her sort of on her own, or with a group of robbers, and now we see her in family, in a relationship, really blossoming into a young woman—still badass, but showing other sides of herself.”

Back home, Pope helps his father rebuild Heyward’s Seafood and uses his share of the fortune to buy a house for himself and Cleo. He also repairs his relationship with his father, bringing his personal and family lives into a more stable place.

“I think he’s proud of his growth as a person, and he’s proud of his relationship with the people he loves,” Daviss says. “His relationship with Cleo, his relationship with the Pogues, his family, him mending that relationship with his father, his own relationship with himself, growing up from a kid to being grown and being more confident.”

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Rafe Cameron and Sofia

Rafe leaves Kildare with Sofia after helping her escape from jail during the evacuation. Sofia was arrested after helping Rafe evade the police, following the discovery of new evidence linking him to the murder of Sheriff Peterkin. Rafe believes the authorities will come down hard on Sofia if he doesn’t turn himself in, so he cuts the power to the station, frees her from her cell, and flees with her.

They are later confronted by Sheriff Shoupe, who reminds Rafe that he killed Peterkin, one of Shoupe’s friends. Rafe admits that he was responsible for her death, saying he never wanted it to happen. He tells Shoupe that he plans to disappear after the hurricane and asks him not to come looking for him.

Rafe and Sofia eventually take shelter from the storm before the Pogues help them leave Kildare by boat. Pope gives them enough fuel to reach New Bern, from where they plan to make their way to South America. Before leaving, Rafe says goodbye to the Pogues, thanking Sarah and telling John B that he is happy for him.

“I think Rafe in the end feels finally important, wanted and loved,” Starkey says. “There’s a lot of things that he’s leaving behind. It kind of feels like he’s leaving behind the worst parts of himself, and I think he needs to leave that location in order to do so. It’s a bit of a rebirth for him at the end.”

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Drew Starkey as Rafe —Jackson Lee Davis—Netflix

Rose and Wheezie Cameron

Rose and Wheezie evacuate Kildare along with the other residents as Hurricane Cassandra approaches, leaving the island behind as the storm tears through the community. With the Cameron family’s old life permanently changed, the two eventually return to Kildare as the island begins to recover.

Rose and Wheezie are among the guests at Sarah and John B’s wedding, marking their continued place in Sarah’s life and in the community the Pogues helped rebuild.

Dale Zeasy and Sheriff Shoupe

Dale’s plans to reshape Kildare fall apart after an insurance investigation discovers that his financing was illegitimate. He had been trying to acquire land to build apartments and pressured Pope’s father to sell his property, threatening to use a video of Pope and the Pogues trespassing on private property against him.

After Hurricane Cassandra damages the island, the Pogues use their fortune to buy back the properties and rebuild Kildare on their own terms, leaving Dale without the foothold he had been trying to establish. In the final moments, Shoupe arrests Dale, bringing his attempt to take over the island to an end.

A year later, Shoupe is among the guests at Sarah and John B’s wedding, showing how his relationship with the Pogues has also evolved over the years.

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