Crypto World
Machi Big Brother Sent FRIEND Up 1,500%. Then Ditched $1M Deal
Crypto investor Machi Big Brother has pulled his $1 million bid for Friend.tech and named venture firm Paradigm as the likely obstacle.
Instead, he urged co-founder Racer to relaunch the Web3 social app on Robinhood Chain. The reversal comes nine days after his original offer, sending FRIEND up more than 1,500%.
Machi Big Brother Friend.tech Bid Collapses After 9 Days
Machi Big Brother, whose real name is Jeffrey Huang, opened the bid on Aug. 27. His $1 million buyout offer asked only for the project’s X account and web address.
Friend.tech launched on Base in 2023, allowing users to trade shares with each other. Paradigm led a seed round into the startup that same year.
However, Huang offered no evidence and framed the claim as a guess. He also has a history here. He bought 11 million FRIEND for roughly 5,200 ETH, and the position later shed over $16 million.
The original team gave up control of the smart contracts in September 2024. Therefore, it remains unclear what a buyer would own.
The FRIEND token price now sits near $0.0069, up roughly 5% in the past 24 hours. Its market value of about $659,000 trails the $4.89 million peak from the August rally. Over 90 days, however, the token still holds a 382% gain.
Robinhood Chain Emerges as Racer’s Next Option
Huang closed his post with a pivot. He told Racer to rebuild the app on Robinhood Chain and promised his backing.
Robinhood Chain went live on July 1 as an Arbitrum-based layer-2 network. Since then, it has surpassed Ethereum in volume on decentralized exchanges and absorbed heavy meme-coin flows.
Meanwhile, that mix worries some analysts. Jon Ma of Artemis warned that the meme coin boom risk could undercut Robinhood’s tokenized-stock ambitions.
FRIEND held its 24-hour gain despite the withdrawal. Racer had not responded publicly by Saturday afternoon, and his answer will decide whether Friend.tech returns.
The post Machi Big Brother Sent FRIEND Up 1,500%. Then Ditched $1M Deal appeared first on BeInCrypto.
The Alpine F1 Team Fan Token climbed on September 5, trading near $0.3557 with a 24-hour gain of roughly 3.6%.
The move coincided with a stunning qualifying result at the Italian Grand Prix in Monza, where Pierre Gasly claimed his first career pole position for Alpine.
How Gasly’s Pole Put Alpine Back on the Map
Gasly stunned the Formula 1 field by edging Mercedes’ George Russell by just 0.060 seconds with a lap of 1:21.786. Oscar Piastri finished third for McLaren.
The result marked Alpine’s first pole in years and came at the same circuit where Gasly scored his sole career F1 victory back in 2020. With a market capitalization near $4 million and solid 24-hour trading volume, ALPINE continues to attract attention from motorsport and crypto enthusiasts alike.
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Fan tokens give holders access to team-related voting, exclusive rewards, digital collectibles, and enhanced engagement. ALPINE, launched via Binance, is a BEP-20 utility token tied to the BWT Alpine F1 Team.
Why Fan Tokens React to On-Track Results
Positive on-track results often generate short-term interest in such assets. That pattern showed up again in the modest uptick in price and volume following Gasly’s performance.
Social media buzz, meanwhile, centered heavily on the Frenchman’s emotional reaction and Alpine’s unexpected pace. Direct commentary linking the token’s rise specifically to the pole, though, remained limited.
Fan tokens have grown in relevance across sports generally, particularly around major global events. That utility for fan engagement and community decisions was on full display during this summer’s 2026 FIFA World Cup.
As a result, national team and club tokens saw heightened trading activity around high-stakes matches. That pattern reflected real-world performance and sentiment throughout the tournament.
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That model, already established in football and motorsport, positions tokens like ALPINE as bridges between fans and teams beyond race weekends.
Gasly’s Monza pole provided a timely boost, illustrating how unexpected F1 moments can influence sports token markets even if gains remain measured relative to the token’s historical peaks.
The post Alpine F1 Fan Token Rises After Italian GP Drama appeared first on BeInCrypto.
It’s no secret that the 1849 gold rush bankrupted far more people than it made rich. It’s a lesson that is aptly applied to gold stocks today or any stock for that matter. The fear of missing out (FOMO) might be a modern acronym but the emotion is ancient. In the stock market, it’s a dangerous and sneaky emotion. In…
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Exelixis Exelixis EXEL $ 59.08 $0.05 0.08% 42% IBD Stock Analysis Breaks out of flat base with 57.57 buy point. Buy zone runs to 60.45. IBD Composite Rating 99/99 Industry Group Ranking 27/197 Emerging Pattern Flat Base Flat Base One of three positive chart patterns to look for when doing technical analysis. It usually occurs after a stock has advanced…
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Energy equities have made tremendous strides so far in 2026 amid the ongoing crisis around the Strait of Hormuz. And leading oil stock Equinor (EQNR) is flirting with an entry as its profits soar. The Norwegian company stands as one of the top integrated oil-and-gas firms in the world. It produced 2.1 million barrels of oil equivalent per day last…
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After two days of harsh selling, software makers got some good news Thursday when cloud storage firm Snowflake (SNOW) soared more than 15% on strong earnings and a raised sales forecast. The news followed two days of sharp sector selling as security software giant Palo Alto Networks (PANW) sold off on earnings. Now it’s Adobe stock that will be in…
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Recent initial public offering Marex (MRX) is the IPO Stock Of The Week as it breaks out past a rare buy point amid resurgent market strength. The financial services stock also sits on Investor’s Business Daily’s IPO Leaders screen. Marex operates a financial services platform that serves as a liquidity hub, broker and infrastructure provider for institutional clients. Bullishly, the…
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Crypto World
Stock Market Falls, Rebounds Bullishly; Snowflake, Dell, Tesla, Jobs Report In Focus: Weekly Review
The stock market struggled to start the week, but then rebounded bullishly, with the key indexes closing narrowly mixed. Dell Technologies (DELL) and Snowflake (SNOW) skyrocketed on results, though Palo Alto Networks (PANW), Broadcom (AVGO) and Credo Technology (CRDO) were among the losers. Bitcoin and crypto plays surged on a weaker dollar. Tesla (TSLA) Cybercabs joined the robotaxi network. Stock…
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Dell Technologies’ (DELL) superb earnings report is still reverberating across the stock market, as Dell shares climbed to a new high Friday. Meanwhile, Vodafone (VOD) and thinly traded Pro-Dex (PDEX) climbed above buy points Friday. Dell’s artificial intelligence business showed strong momentum as the company late Tuesday easily beat analyst profit and sales estimates and gave a forecast that was…
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Mellody Hobson opens the Lucas Museum of Narrative Art in Los Angeles on September 22 with her husband. The privately funded project cost roughly $1 billion.
Hobson co-chairs the museum’s board. She co-runs Ariel Investments and holds a seat on the JPMorgan Chase board, where she also serves on the risk committee.
The Wall Street Half of the Museum Sits on JPMorgan’s Board
Hobson joined the JPMorgan board in 2018. She has served as co-CEO of Ariel Investments since 2019, after serving as president from 2000. Meanwhile, the bank she helps oversee has turned into one of the loudest institutional voices in digital assets.
JPMorgan’s blockchain unit, Kinexys, has processed more than $3 trillion since its inception. It now averages over $5 billion in daily volume. This year, the bank opened its JPM Coin deposit token, JPMD, to institutional clients on Base, the Ethereum layer-2 network built by Coinbase.
South Korea’s KB Kookmin Bank said in July it would start routing dollar trade payments over JPMorgan’s Kinexys network in August. As a result, the risk committee Hobson sits on covers a lender that already settles billions onchain. Strategy meanwhile ranked JPMorgan behind Fidelity in its Bitcoin banking index.
The Lucas Museum Hides a Banksy Gallery Upstairs
Lucas built the collection around storytelling rather than abstraction. Visitors will find Frida Kahlo and Norman Rockwell works beside Luke’s landspeeder and General Grievous’s wheel bike. The building holds more than 1,300 pieces and 30,000 comic books.
Curators added two walls of Banksy works to the fifth-floor murals gallery at the last minute. One carries the silhouette of a girl releasing a heart-shaped balloon. The same gallery also holds works by Diego Rivera, Judith Baca and JR.
Lucas chased sites in San Francisco and Chicago for more than a decade before Los Angeles agreed. Hobson now straddles both worlds. One holds Star Wars props, the other decides how fast big banks move tokenized money.
The post Banksy, Star Wars and JPMorgan Meet in a $1 Billion Museum appeared first on BeInCrypto.
A Bank for International Settlements (BIS) working paper tests the XRP Ledger (XRPL) as a proof-of-concept for verifying official statistics on-chain, recording cryptographic fingerprints of public datasets that publish in three to five seconds and verify in one to two.
The Working Paper No 1374 essentially asks how statistical agencies can give users an independent way to check the origin and integrity of published data without changing their existing dissemination systems.
International organizations (the BIS among them) rely on the SDMX standard to exchange official statistics, and the prototype binds each SDMX dataset to its source by hashing it and writing a single summary value to the ledger.
Though only the fingerprints reach the chain, never the underlying numbers, so confidential data stays off-ledger, and the method extends to formats such as XBRL. The BIS has tested public blockchains before, including Project Mariana, which trialed wholesale central bank digital currency settlement on a public chain with the central banks of France, Singapore, and Switzerland.
The system normalizes each file with Canonical XML 1.1, hashes it with SHA3-512 at the whole-file and per-series level, and collapses those hashes into one Merkle root written to the Memos field of an XRPL Payment transaction. Each file also carries a W3C Verifiable Credential in its header, signed by the publisher’s identity keys.
Cost and Simplicity
The memo approach needs no smart contracts, so the authors avoided gas costs and contract risk, and XRPL’s base fee of 10 drops, or 0.00001 XRP, put anchoring close to free. Batching compounds that.
A single ledger entry can cover thousands of datasets, dropping the on-chain cost to a fraction of a cent each. The paper also cites the ledger’s fast consensus finality and the published technical analysis of its consensus protocol.
XRPL has taken on other institutional workloads this year. CryptoPotato reported on a pilot that linked the ledger to interbank rails with JPMorgan, Mastercard and Ondo, which settled tokenized Treasury bills in under five seconds, and Ripple has published an institutional roadmap adding compliance credentials and permissioned trading. The BIS tests ran on XRPL’s DevNet, a test network.
It notes that DevNet shares the mainnet’s transaction format and close cadence, so the latency figures carry over, and mainnet fees stay in the sub-cent range.
A Few Firm Limits
The paper also describes the build as an experimental proof-of-concept, stating a production service would need hardware-backed signing, pinned validator nodes and formal load testing.
Though keep in mind the ledger certifies only what was published, by whom and when, so the paper reaches no adoption decision and gives no endorsement of XRP, and the authors attribute the views to themselves, not to the BIS or its member central banks.
The post BIS Tests XRP Ledger to Anchor Official Statistics On-Chain in Proof-of-Concept Paper appeared first on CryptoPotato.
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