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Cross-chain protocol Router Protocol said it will fully shut down its service on Sept. 30 after more than four years of operations. The project cited weakening Web3 liquidity, a shift in capital toward AI, lower fees for cross-chain infrastructure, and high operating costs as reasons for the shutdown. It also plans to permanently burn 303,333,198 ROUTE held by the foundation and work with centralized exchanges to pursue the delisting of ROUTE trading pairs. Users need to withdraw assets based on each exchange’s schedule.

Solana co-founder Anatoly Yakovenko said that even the 10% revenue-sharing payment Robinhood makes to Arbitrum would be enough to cover four times the transaction costs incurred on Solana, after reports said average transaction fees on Robinhood Chain had risen to about $0.40. Yakovenko added that by using Solana, Robinhood could absorb those costs and deliver a fully gas-free experience for users.

A whale address has deposited its entire 20.86 million CRV holdings, worth $7.33 million, to OKX after holding the tokens for about two years, according to on-chain analyst EmberCN. The whale bought the CRV at $0.32 each when the token plunged in June 2024 amid the liquidation of Curve founder Michael Egorov’s loan position. The address did not sell even when CRV later rose to $1.2, and is now sitting on an unrealized profit of about $530,000 at the current price of $0.35.

U.S.-listed mortgage company Pineapple Financial has moved more than $1 billion in mortgage records to the Injective (INJ) blockchain, Cointelegraph reported. A total of 2,079 mortgage records have been transferred on-chain so far, and the company plans to move more than 29,000 additional mortgage records worth over $10 billion to Injective. Pineapple Financial said in December last year it had begun migrating loan data to the Injective blockchain.

An anonymous wallet lost a combined $907,000 in two FOMO trades over one day, according to Lookonchain. The address bought MEME for $920,000 and later sold it for $350,000, taking a $560,000 loss, or 61.45%. It then bought $360,000 worth of SLINK but sold it for $12,000, booking an additional $340,000 loss, or 96.62%.

Vlad Tenev, CEO of Robinhood, said on X that tokenization is a technology that can make high-quality financial assets in U.S. capital markets accessible to anyone around the world. Tenev said traditional financial infrastructure was built around fixed trading hours, closed networks and multiple intermediaries, making it ill-suited to 24-hour trading, programmable assets, composability and self-custody. He added that while the tokenization industry remains at an early stage compared with global financial markets, its advantages are becoming increasingly clear. Tenev also stressed that although it may take time for traditional finance to embrace the shift, the change is worth pursuing.

An anonymous whale address bought an additional 343,000 HYPE worth about $29.09 million, according to Lookonchain. The whale has now accumulated a total of 3.24 million HYPE worth about $252 million and has staked the entire holding.

The total stablecoin market capitalization reached about $309.27 billion, up roughly 50% from $206.0 billion at the end of 2024, Crypto Briefing reported. The figure was about $13 billion below the all-time high of $322.0 billion recorded in May. USDT accounted for about 60% of the market with a capitalization of roughly $183.0 billion, while USDC stood at $74.0 billion-$75.0 billion for a 24%-25% share. Combined, the two stablecoins made up about 85% of the market.

An unidentified whale transferred 7.2 million TRUMP to Binance over the past one to two days, worth about $16.7 million at the time of the transfers, according to Onchain Lens. Exchange deposits are typically interpreted as a sign of potential selling.

Buying piled into SLINK after Elon Musk replied to a post about the token from the hacked X account of Shivon Zilis, a Neuralink executive and former OpenAI board member, but the price later tumbled sharply, Onchain Lens reported. SLINK’s market capitalization briefly surged to around $80 million before falling to about $2 million, down more than 97% from its peak. Onchain Lens added tracked losses for four traders were about $807,000.

Japan’s Financial Services Agency said it achieved its digital finance policy goals, including cryptocurrency regulatory reform and support for stablecoin adoption, in its financial administration performance report for July 2025 through June 2026. According to CoinPost, the agency said a bill to bring cryptocurrencies under the Financial Instruments and Exchange Act and introduce insider trading rules passed parliament in July. Once the revision takes effect, cryptocurrency taxation is expected to shift from the current comprehensive tax regime, with a top rate of 55%, to a separate tax system of around 20%. The agency also said it is working to expand related use cases, including by supporting a joint yen stablecoin issuance by Japan’s three megabanks.

Ondo Finance said it will stop minting USDY on the Aptos and Noble networks starting Sept. 8, local time. The move will also affect users on Osmosis and Mantra that receive USDY from Noble through IBC. Holders of 1,000 USDY or more can bridge their assets to other supported networks or redeem them directly through Ondo at net asset value by Sept. 8, 2027.

A whale address withdrew 62,410 HYPE worth about $5.27 million from Coinbase over the past four hours, according to Onchain Lens. Over the past week, the address has withdrawn and accumulated a total of 110,370 HYPE from Coinbase, currently valued at about $9.09 million.

Fundstrat Granny Shots US Large Cap ETF (GRNY), managed by Tom Lee, sharply increased its weighting in Strategy (MSTR) from mid-August, making MSTR the fund’s largest holding after it had been its smallest position about two weeks earlier, according to Wu Blockchain, citing Bloomberg ETF analyst Eric Balchunas. As of Sept. 3, MSTR accounted for 3.02% of GRNY, surpassing Robinhood at 2.99%, and Strategy’s share price has since risen about 46%.

Washington state’s Department of Financial Institutions said it is seeking a $1.0296 million fine against crypto ATM operator Coinflip and CEO Benjamin Weiss, along with revocation of the company’s business license and a ban on industry activity. The agency said a 2025 examination found problems with Coinflip’s compliance and risk management systems, and noted that more than 50% of Coinflip users in Washington state were older adults, leaving them highly exposed to crypto ATM scams.

Alliance DAO co-founder Qiao Wang said on the recent Steady Lads podcast that the only cryptocurrencies in the personal portfolio are Bitcoin (BTC) and Zcash (ZEC), adding that a simple portfolio structure is preferred. Wang said 70% to 80% of the total investment portfolio in U.S. dollar terms is allocated to stocks, with 20% to 30% allocated to cryptocurrencies.

CoinMarketCap’s in-house crypto fear and greed index came in at 75, down three points from yesterday, while remaining in the greed zone. The index indicates extreme fear when it is closer to zero and extreme optimism when it is closer to 100. CoinMarketCap calculates the gauge based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.

Polygon co-founder Sandeep Nailwal has launched a cryptocurrency donation platform to support victims of flooding in Nepal, Crypto Briefing reported. The platform accepts crypto donations across multiple blockchains, converts them into USDC, and sends the funds to Nepal’s prime minister disaster relief fund. Donations can be tracked in real time through a public on-chain wallet, and about $168,000 had been raised as of the launch date.

LayerZero Labs will discontinue operations for Stargate V1, the cross-chain bridge protocol, Crypto Briefing reported. Its V1 liquidity pools will stop functioning after Dec. 15, and liquidity providers must withdraw funds before then. LayerZero plans to support fee-free withdrawals to help users recover funds smoothly. The move follows the end of support for the LayerZero V1 relayer used by Stargate V1. Stargate will continue operating normally.

CryptoSlate reported that compatibility concerns have emerged at some infrastructure providers ahead of Solana’s planned mainnet rollout of the v1 transaction format, which expands the maximum transaction size from 1,232 bytes to 4,096 bytes. RPC clients, indexers, and other infrastructure that have not been updated to support v1 could encounter errors or stop functioning while reading blocks containing v1 transactions. V1 has already been applied on testnet and devnet, but as of Sept. 4 it had not yet been activated on mainnet.

The White House is reviewing candidates to fill four vacant seats at the U.S. Commodity Futures Trading Commission, according to BeInCrypto. Two of the openings are being considered for Democratic nominees, although current law does not require the appointment of opposition-party commissioners. The CFTC has five seats, with no more than three commissioners allowed from the same party. The commission is currently being led by Chairman Michael Selig alone. If the White House adds only two Republican commissioners, the panel could shift to a 3-0 partisan split. If Democratic commissioners also join, the process of introducing rules tied to crypto perpetual futures and margin trading could face a longer review and public comment period, the outlet said.

The Group of Seven urged governments and companies to begin transitioning now to post-quantum cryptography, or PQC, to prepare for the possibility that advances in quantum computing could render existing cryptographic systems ineffective, Decrypt reported. In a recent report, the G7 said the timing of when powerful quantum computers might be able to break widely used public-key cryptography remains uncertain, but recent technological progress calls for preemptive action. The group also said attackers could steal encrypted data now and store it for future decryption with quantum computers. While the report did not directly mention cryptocurrencies, public-key cryptography is also used in blockchain wallets and transaction signatures.

Bitwise CEO Hunter Horsley said on X that GPUs are "one of the most important assets in the digital age" and that USD.AI provides loans to companies backed by GPUs, then tokenizes those loans into on-chain financial products. Horsley added that loan and credit markets tied to the real economy are moving on-chain and said the product is available for investment through Bitwise’s investment fund.

European crypto asset manager CoinShares said Bitcoin has moved similarly to gold over the past two weeks, according to Wu Blockchain. CoinShares said renewed concerns over U.S. fiscal soundness and stronger demand for long-dated Treasurys helped lift Bitcoin from the low $60,000 range to $80,000, while the Federal Reserve’s monetary policy has acted as a key constraint on further gains. The firm added Bitcoin would need factors such as a resolution to the Iran situation or a further decline in confidence in U.S. Treasurys, expanding demand for stores of value such as Bitcoin, to remain consistently above $80,000. In the short term, CoinShares said August U.S. inflation data and the Fed’s September meeting are likely to be the main events shaping Bitcoin’s direction.

Grayscale said stock token trading volume reached a record high in August, with weekly spot volume nearing $3 billion, while only about 5% of the overall market is currently being used in on-chain finance. Most trading activity took place on Robinhood Chain, BNB Chain, and Solana. Use of stock tokens in lending protocols such as Kamino and Jupiter has increased about tenfold over the past year, but their use in lending, collateral, and other financial applications remains limited. Grayscale said, "As the U.S. regulatory environment becomes clearer, stock tokens could grow beyond products traded 24/7 globally into productive on-chain financial assets."