South Korea's KOSPI index extended its early-session gains to 2%, with Samsung Electronics rising 4% and SK Hynix up 2%.

Robinhood Chain hit a historical network high of 11.6 million average daily transactions last week, up roughly 30% from the prior week; its total value locked (TVL) climbed to $473 million, a 32% week-over-week increase. However, average daily active addresses only rose 3.3% week-over-week, remaining 11% below its July 16 peak—though active addresses saw a brief spike on Thursday due to the launch of Cashcat meme coin spot trading on the Robinhood app, the weekly average barely shifted. The rapid growth in trading volume and TVL stands in stark contrast to stagnant user growth, indicating on-chain activity is now driven by the same users trading more frequently rather than attracting new participants. This trend is further confirmed by changes to Robinhood Chain’s stablecoin composition: Ethena’s yield-bearing synthetic dollar USDe now totals $253 million on the chain, accounting for ~43% of the chain’s total stablecoin supply, up from just $17 million a month ago when Robinhood’s native stablecoin USDG dominated. The network’s dollar base is shifting from a medium of exchange to yield-bearing synthetic dollars, signaling capital is being parked rather than circulated.

According to Bitget market data, South Korea’s KOSPI index expanded its intraday gain to 3.00%, with Samsung Electronics surging 5.22% and SK Hynix rising 2.95%.

Crypto asset management firm Bitwise has cut approximately 14% of its workforce, bringing its employee count down from around 180 to 155. CEO Hunter Horsley noted that even after the layoffs, Bitwise’s staff size remains the largest in its eight-year history, and the company anticipates continued growth as cryptocurrencies integrate into the global economy.

According to monitoring by OnchainLens, this morning, the bankrupt wallet addresses of Alameda Research and FTX unstaked 201,740 SOL tokens valued at approximately $15.2 million. The funds have been transferred to multiple BitGo-custodied wallets and are likely intended for creditor compensation.

Morph Network has officially announced the launch of Morph Payments, an enterprise-grade stablecoin payment platform positioned to serve global business needs. Enterprises can register via email; once a payment link is generated, customers can settle stablecoin payments using any wallet and network, with funds arriving in seconds. Recipients may select their preferred blockchain network to receive funds, while the payment side supports both one-off and bulk transfers to suppliers, employees, or contractors. Morph Network noted that the platform is purpose-built for real-world business scenarios, covering end-to-end global capital flow requirements from collection to disbursement.

An #Ethereum ICO participant "0xB749" transferred all 2,680 $ETH($5.04M) to new wallets after being dormant for 11+ years. He invested only $831 in the ICO and received 2,680 $ETH — now worth $5.04M, a 6,068x return!