Cognition secures over $2 billion in additional financing, boosting its valuation to $48 billion.

According to monitoring by ai_9684xtpa, a whale that has been dollar-cost averaging (DCA) into WBTC since 2022 has deposited a total of $24.1 million worth of WBTC to Binance since August 10. The whale’s selling range spans from $62,000 to $79,000 per WBTC. Nine hours ago, the address again appeared to dump 30.1 WBTC, valued at approximately $2.37 million.

StoneX Financial, the brokerage and equity research arm of StoneX Group, has initiated coverage on Robinhood with a "Buy" rating, setting a $170 price target—roughly 45% above Robinhood’s Tuesday closing price of $117.34. StoneX analyst Mark Palmer noted that nearly all of the firm’s operational metrics are accelerating. StoneX’s equity research team currently covers over 350 companies. The firm views Robinhood Chain and its prediction markets business as Robinhood’s new growth drivers. As of September 3, Robinhood Chain’s daily fee revenue stood at approximately $4.59 million; StoneX projects it will generate around $980 million in revenue by fiscal 2029, with an 85% margin. Additionally, Robinhood’s prediction markets segment recorded 13.6 billion event contracts traded in the second quarter, generating roughly $156 million in revenue, a 50% quarter-over-quarter rise.

According to official news, Layer 1 blockchain Linera announced in a statement that the LNRA community round subscription period has concluded, falling short of its minimum target of 1.5 million USDC. A total of 617 participants from 69 different countries subscribed 848,000 USDC. Linera will process refunds, with funds returned to participants’ original wallets. The official will release a follow-up progress announcement after the refund period ends.

The Ethereum Layer 2 (L2) Scroll team shared an update in its governance forum, announcing plans to gradually transition Scroll from a general-purpose public blockchain to a private, application-specific network centered on Compass and its AI product ecosystem, with the full transition expected to take roughly 9 months. Scroll noted that its team has been applying AI to network operations and product development over the past several months, and is currently building a product ecosystem comprising Compass, Compass API, CENO, USX, and SCR. Specifically, Compass offers AI models, VPN, eSIM, and other features; Compass API provides routing services for over 30 large language model (LLM) models; and CENO leverages zero-knowledge (ZK) technology to deliver a trust layer for AI agents, covering credentials, context, and privacy computing. The team stated that CENO currently has more than 30 potential clients, 12 of which are conducting proof-of-concept (POC) tests; Compass remains in the early consumer validation phase. As part of the network transition plan, SCR will migrate to the Ethereum mainnet to maintain broad accessibility and liquidity. Scroll confirmed that SCR’s total supply and overall token economics will remain unchanged, and it will continue to serve as Scroll’s network governance token. Scroll emphasized that this post is merely an update on progress, not a formal proposal or vote. The team will separately submit the network transition plan for DAO deliberation once relevant details are finalized.

According to official announcements, Cardano wallet service provider SecondFi has rolled out a new wallet migration tool. The tool supports wallets that have delegated ADA to staking pools but lack sufficient balance to cover network fees for migration, with SecondFi covering the associated on-chain fees on their behalf. Staked ADA balances are now included in the app’s asset overview. If your balance previously showed zero in the app, you should now see your staked balance after this update. Users holding delegated ADA still need to complete the migration, but no additional wallet top-up is required. The migration is only accessible within the official SecondFi app or browser extension that has been updated to the latest version; there is no separate migration website or new application.

According to official announcements, the Polkadot community has submitted OpenGov Proposal No. 1944, which aims to create a native decentralized stablecoin dotUSD and establish it as the primary stable value asset of the Polkadot ecosystem. The proposal is currently undergoing a governance vote. Per the proposal, dotUSD will adopt an overcollateralization mechanism, allowing users to mint dotUSD by locking DOT in the future. The system will also feature a stability pool, liquidation mechanism, and redemption mechanism to maintain dotUSD’s peg to the U.S. dollar. The proposal plans to use funds from the Polkadot Treasury to provide initial liquidity for the DOT/dotUSD liquidity pool: $2.5 million in USDT will be used to mint dotUSD, while $2.5 million worth of DOT will also be allocated to the liquidity pool, bringing total initial funds to $5 million. dotUSD is set to launch in phases: the first phase will use USDT as reserve support for minting dotUSD, while the second phase will introduce a full suite of DOT-collateralized treasury, oracle, stability pool, liquidation, and redemption mechanisms.