News linked to both this project and an event.
According to reporter Kate Irwin (@kateirwin), GalaChain experienced an anomalous on-chain capital outflow this Tuesday. Approximately 1.99 billion GALA tokens (worth roughly $2.9 million), along with other tokens, were transferred from five major addresses to a newly created wallet, subsequently bridged out and swapped for ETH within approximately one hour. Of these, approximately 1.639 billion GALA (representing roughly 82%) originated from a wallet linked to Gala Games CEO and co-founder Eric Schiermeyer, which simultaneously transferred out other tokens valued at over $500,000. Within hours of the incident, the Gala development team urgently merged a fix commit on GitHub, classifying the event as resulting from a GalaChain EIP-712 unsigned field injection vulnerability. The Gala Ethereum cross-chain bridge has since been halted, with the Solana bridge concurrently deactivated. While officially cited as routine maintenance, users have been unable to access the cross-chain bridge services normally for several consecutive days.
According to monitoring by on-chain analysis platform Hupzy (Spot On Chain) (@hupzy_agent), Multicoin Capital deposited HYPE tokens to Coinbase Prime twice in succession within 24 hours, totaling approximately $20 million. The first deposit of 172,710 HYPE (approximately $10.15 million) was made on August 19, followed by a second deposit of approximately $9.85 million.
Odaily News: CryptoQuant analyst Darkfost posted on X platform, stating that Solana ecosystem data shows the total scale of stablecoins on the Solana chain has reached $16.3 billion. Among them, USDC accounts for approximately $6.8 billion, representing 42.8%; USDT accounts for approximately $2.9 billion, representing 18.2%; USDG accounts for approximately $1.2 billion, representing 7.4%.Meanwhile, the number of active stablecoin addresses on Solana has reached 1.7 million, setting a new historical record, indicating that the demand for stablecoins on the network continues to grow.
According to on-chain analysis platform Hupzy (Spot On Chain), whale address 0x8447 has again withdrawn 5,300 ETH from Kraken, worth approximately $9.98 million.
Odaily News: The trader has sold some tokens and converted them back to $25,900, while still holding Meme coin "Niu Lai" on the BNB Chain valued at $146,600.
Odaily News Robinhood's blockchain project, Robinhood Chain, has seen its total value locked (TVL) approach $1 billion. According to Standard Chartered analyst Geoffrey Kendrick, nearly all of its liquidity is provided by Uniswap V2, V3, and V4, making it the fastest-growing blockchain by this metric. Protocol fees generated by Robinhood Chain through Uniswap have now become the largest source of UNI burns. Since the Robinhood-related fee switch was activated on July 27, the annualized UNI burn rate has reached approximately $90 million. At roughly $3.50 per token, this equates to burning 25 million UNI annually, representing slightly more than 4% of the circulating supply. Robinhood Chain launched on July 1, with a focus on bringing real-world assets on-chain, and reached 194,000 daily active users within its first week. The partnership allows Robinhood to directly leverage mature DeFi infrastructure to provide liquidity for blockchain expansion. Robinhood is expanding its business into cryptocurrency, prediction markets, and tokenization. The company reported record second-quarter revenue and earnings, though cryptocurrency trading volumes and related revenue both declined. (Cointelegraph)
Odaily News: Flap has announced the launch of bBroker Vault, powered by bStocks, on BNB Chain, combining Meme coin trading activity with NFT yields and tokenized stock ecosystems through a new mechanism.Under this mechanism, users are required to pay a fixed fee in corresponding tax tokens to mint bBroker NFTs, and the tokens paid are burned directly. Subsequently, trading fees from quote assets flowing into the Vault are automatically allocated to a "dividend pool" and a "floor price pool," enabling NFT holders to continuously earn dividends in quote assets without staking or locking up.Meanwhile, each bBroker NFT carries an on-chain floor price backed 1:1 by assets in the floor price pool, and holders can sell the NFT back to the Vault at any time to exit. Flap positions this mechanism as a novel on-chain economic model integrating Meme coins, NFTs, and stock assets.
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Odaily News Trader Ansem (@blknoiz06) stated in a post on platform X that billions of dollars in stablecoins are currently sitting on-chain, waiting to re-enter risk asset markets.Ansem believes that in the coming weeks, market participants will gradually realize that major crypto assets (Majors) do not necessarily need to hit new all-time highs, and capital rotation may occur sooner than expected.He noted that as stablecoin funds flow back into risk assets, the market could see a stronger upward rally.
B.AI welcomes multiple major updates this week. In terms of benefits, new users can log in with one click using Bitget Wallet, Binance Wallet, or imToken wallet to immediately claim 1 million free Credits; logging in via an invitation code grants an additional 300,000, stacking with the exclusive wallet login bonus for a cumulative maximum of 1.3 million, while inviters simultaneously enjoy permanent rebates on friends' recharges and subscriptions. Recharge discounts are released simultaneously, with BNB Chain channels enjoying an exclusive 1:1 equivalent quota bonus, while other multiple payment methods enjoy a 1:0.5 bonus; a single user can receive up to $100 equivalent points. On the model side, new breakthroughs continue as the "Choose Your Own Provider" lineup expands significantly this week, adding the Nebula channel and launching historic call discounts as low as 90% off; meanwhile, Alibaba's flagship Qwen model Qwen3.8-Max officially lands on the platform and is now open for limited-time free experience. Currently, the choose-your-own-provider mode fully covers global mainstream large model series such as Claude, GPT, and Gemini; combined with recharge bonuses and multiple discount tiers, it continues to deliver extreme cost-performance computing power for global developers and enterprise users. Log in now at chat.b.ai/chat to start your journey of intelligent creation.
According to The Block, Cloudflare has announced the early launch program for programmable stablecoin wallets, designed specifically for AI agents to pay for APIs, data, and online content. The wallets are divided into two categories: Account Wallets for individuals and institutions to fund and control spending, and Virtual Wallets that operate via API keys, allowing AI agents to complete purchases autonomously. Users can set spending limits, authorized merchant lists, and per-transaction limits. The wallet will support the x402 protocol developed by Coinbase, enabling machine-to-machine micropayments without traditional accounts or subscriptions. Currently, users can claim wallet accounts in advance, with funding and payment functions going live soon.
According to official announcements, Ondo's tokenized U.S. Treasury yield note USDY (U.S. Dollar Yield Token) has now officially launched on BNB Chain, supporting instant minting/redemption and cross-chain bridging functionality. As a leading permissionless tokenized U.S. Treasury product, USDY's launch on BNB Chain, one of the largest and most active public chain ecosystems globally, marks the first time institutional-grade yield assets are accessible directly without permission. This launch is a significant step in USDY's multi-chain expansion, bringing yield-bearing USD asset exposure to millions of users and AI agents within BNB Chain's deep DeFi ecosystem, and achieving a dual improvement in capital efficiency and transaction speed through instant minting and redemption mechanisms. Users no longer need to bridge from other chains to directly hold yield assets backed by U.S. Treasuries within the BNB Chain native environment; for developers, USDY can also serve as high-quality collateral in on-chain lending, trading, and liquidity protocols, seamlessly integrating with BNB Chain native applications.
Alibaba Qwen's latest generation 2.4 trillion-parameter flagship model Qwen3.8-Max has officially launched on the B.AI platform. The model achieves comprehensive improvements in coding, real-world office scenarios, long-horizon tasks, and multimodal agents, and is now live on B.AI with a limited-time free trial. To celebrate the launch, B.AI offers multiple stacked benefits: New users logging in with Binance Wallet, Bitget Wallet, or imToken will immediately receive 1 million free Credits; Top-ups enjoy generous bonuses, with BNB Chain top-ups receiving a 1:1 bonus and other methods 1:0.5, up to a maximum extra $100 per user; Invite friends to register to get 300,000 Credits for them, stacking with the login bonus for a cumulative maximum of 1.3 million, while inviters simultaneously enjoy rebates from friends' top-ups and subscriptions. Limited-time benefits, first come, first served. Log in now at https://chat.b.ai/chat to experience the charm of the new-generation flagship.
Odaily News Trader 0xSun stated on social media that during Robinhood's earnings call, the only token appearing in a fleeting search bar was CASHCAT. Additionally, Robinhood CEO Vlad, when discussing the Robinhood Chain, mentioned that the chain will be built around RWA, adding that he also likes Meme coins.As a result, CASHCAT's market cap rebounded from approximately $30 million to nearly $50 million. 0xSun believes that an ideal trajectory for a public chain resembles the Base ecosystem in late 2024, initially driven by factors such as founder influence and team background, and later ignited by events like exchange listings. Currently, Robinhood possesses similar conditions, and tokens on its chain could benefit from expectations of potential exchange listings.Furthermore, 0xSun noted that the Meme coin PIPEDOG on the Robinhood chain saw its market cap quickly surge past $75 million within a few hours. The project team locked the liquidity pool and refunded 173 ETH to users affected by the initial contract. The project currently has deep liquidity, with the pool containing approximately $4.5 million in ETH at a market cap of around $30 million.Previously active HOODRAT also once approached zero due to the overall downturn of the Robinhood chain but recently received attention from Matt, the original artist of the Pepe comic, causing its market cap to rebound from a low of $500,000 to $5 million.Beyond Meme coins, 0xSun indicated that STONKBROKER is currently one of the better projects within the Robinhood ecosystem that combines NFT, RWA, and game mechanics, making it worthy of continued attention.
Approximately one month after its launch, Robinhood Chain has surpassed Solana in two metrics: Meme coin trading volume and the number of tokenized stock holders. On-chain data shows that Robinhood Launchpad's weekly trading volume reached $1.23 billion, surpassing Solana's core Meme coin platform PumpSwap's $1.22 billion for the first time; in terms of tokenized stock asset holders, Robinhood Chain leads with 330,000 users, followed closely by Solana with 281,000, while BNB Chain ranks third with 214,000. However, the lead in holder count has not translated into an advantage in asset scale—Robinhood Chain accounts for only about 1% of the over $2 billion tokenized stock market. Additionally, Meme coin hype cooled off towards the end of the month, with the chain's DEX daily trading volume falling from a peak of $900 million to around $500 million. To date, Robinhood Chain has generated cumulative revenue of approximately $3 million. On the stock front, institutional analysts from Bernstein, Goldman Sachs, and others maintain a bullish outlook on HOOD stock, with a target price of $122, representing approximately 31% upside potential from the current price of $92.7.
According to on-chain analysis platform Lookonchain (@lookonchain), BitMart (@BitMartExchange) has announced closure; withdrawal services remain nominally open, but only 58 wallets completed withdrawals in the past 24 hours, totaling approximately $805,000, and the platform has not processed any withdrawal requests in the past 8 hours.
According to CertiK Alert monitoring, a security incident occurred on VerusCoin's Ethereum cross-chain bridge, with approximately $7.53 million in assets transferred out. Preliminary analysis indicates that this issue may be related to the cross-chain bridge failing to sufficiently verify whether the Verus chain-side input supports the paid amount, similar to an incident that occurred in May this year.
According to on-chain analyst Specter, B² Network on BNB Chain suffered a hack, resulting in a loss of approximately 8.591 million B2 tokens (approximately $3.86 million). The attacker swapped them for 5409 WBNB (approximately $3.11 million) and bridged to Ethereum, and is currently transferring the funds to Zcash via NEAR Intents.
Analysts pointed out that Robinhood Chain has indeed achieved real new user acquisition, but this batch of users currently remains at the level of Memecoin speculation. Whether they can be converted into genuine DeFi users remains to be verified by tracking data after 30 to 60 days.
According to on-chain analyst Darkfost (@Darkfost_Coc), the proportion of loss-making UTXOs in the Bitcoin market continues to expand, and the loss/profit UTXO ratio has risen to an extreme range, a level that has historically only appeared during periods of deep stress in bear markets. Darkfost pointed out that this indicator measures market sentiment by calculating the ratio of the number of profit and loss UTXOs, is not distorted by the absolute value of BTC price, and has strong historical consistency. Current readings indicate significant holding loss pressure, suggesting certain accumulation value from a long-term perspective; however, caution is warranted when market sentiment shifts, as a rapid climb in the number of profit-making UTXOs could drive the ratio sharply higher, which may then signal an intermediate top.