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VISA'S STABLECOIN SETTLEMENT TOPS $20B RUN RATE

Visa's stablecoin settlement volume surpassed a $20B annualized run rate, up 15x year-over-year, with 160+ stablecoin-linked card programs live and payment volume on them up nearly 200%. Visa flagged a working-capital gap this creates for issuers (funding daily settlement before collecting from cardholders) and highlighted Credit Coop's stablecoin-denominated revolving credit facility, secured by settlement receivables and automated via smart contracts, which has cut borrowing costs up to 30% for participants. Rain has financed ~$2B through the facility with zero defaults since 2023, travel card issuer Karta (which also used Credit Coop) separately raised $140M in June.

CRUMBS LAUNCHES STOCK-TOKEN SHOPPING REWARDS ON ROBINHOOD CHAIN

Crumbs, a pre-launch app on Robinhood Chain, converts verified retail purchase receipts into tokenized equity rewards from the shopped company, crediting Costco buyers with $COST tokens and Apple buyers with $AAPL. The model merges RWA tokenization with consumer loyalty mechanics, tying on-chain stock exposure to existing spending behavior rather than separate investment activity. The announcement drew 662 retweets and 1,956 likes before the official launch. Pre-registration is now open.

HUNTER BIDEN TO LAUNCH $LAPTOP MEMECOIN ON BASE ON SEPTEMBER 9

Hunter Biden is launching $LAPTOP on Coinbase's Base network on September 9. The token name references the 2020 laptop controversy. The tokenomics earmark 20% of the supply for investors who lost money on $TRUMP and include a conditional burn mechanism tied to 30 predetermined outcomes, including a Democrat winning the 2028 presidential election, Bitcoin reaching a new all-time high, and $LAPTOP's market cap surpassing Solana's. Up to 30% of total supply faces burns if all conditions are met, while missed targets redirect proportional token amounts to charity. The structure embeds outcome-based supply changes that place it closer to a prediction market instrument than a conventional memecoin.

HOW HEGOTÁ SHOULD APPROACH GAS REPRICING

Ethereum researchers have proposed a prioritization framework for gas repricing EIPs that targets the Hegotá fork, anchored by a unified data-floor pricing formula (EIPs 8131 and 8279) that produces a ~3.56% aggregate gas increase while pushing EIP-7702 transaction overhead from 0.04% to 20.63%. EIP-3298 eliminates storage-clear refunds to close GasToken arbitrage, and EIP-7923 replaces quadratic memory expansion with linear per-page charges plus a hard 64 MiB transaction cap, with both changes judged low-disruption relative to their scope. zkEVM-oriented EVMification changes (EIPs 7666, 8200) and BLOCKHASH repricing (EIP-7709) are recommended only if EIP-8025 ships concurrently. Whether Hegotá pursues the 450M gas limit increase determines the fork's scope: that scale target makes data repricing essential, while a narrower upgrade would defer contested proposals and concentrate effort on the highest impact-to-effort changes.

'THE CHAIN IS NOW EARNINGS': BERNSTEIN SEES UPSIDE FOR ROBINHOOD AS FEES TOP SOLANA, BNB CHAIN

Bernstein reiterated an Outperform rating on Robinhood Markets with a $160 price target (~31% upside), citing Robinhood Chain's ~$33 million in fees over a 15-day window, outpacing Solana (~$11 million) and BNB Chain (~$9 million) over the same period. Robinhood retains ~90% of collected fees, with Arbitrum receiving 10% for infrastructure and Ethereum under 1% for data availability, converting chain activity into a direct revenue stream on the company's income statement. Since the July 1 launch, the network has reached $1.5 billion in TVL, processed $50+ billion in DEX volume, grown stablecoin supply from $241 million to $1 billion, and expanded tokenized stock holdings 14x to $140 million, reflecting early traction across both DeFi and RWA verticals. Bernstein projects Robinhood Chain will reach ~$160 million in annualized fees by 2028.

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