In partnership with Kalshi Perpetuals

Bullish on Bitcoin or betting on a sell-off? Put a trade behind it.

Kalshi Perpetuals gives access to crypto perps trading, including in the US. Take a long position to back a price rise, go short to bet on a drop, and add leverage for greater exposure. No crypto wallet required.

PLUS: Use Lark’s sign-up link and trade at least $50 in perps volume to enter a $500 giveaway. Kalshi will pick one winner this Sunday.

Open your Kalshi account and start perps trading today.

●  IN THIS ISSUE

Chart of the Day — Key activity on Robinhood Chain
Trade of the Day — HYPE looking to move above $100
Alpha Leaks — Micron smashes earnings, NEAR ETF launched
News Roundup — HOOD Summit, NEAR blocks hackers, macro data is positive

●  CHART OF THE DAY

Robinhood Chain Consolidation

Robinhood Chain has been cooling off recently, so let’s take a look at this chart showing activity on the network. You can see how there was a peak in DEX volume at the beginning of September, and a drop off after that, but volume is now actually holding at a steady level.

And at the same time, TVL growth appears to have levelled off after initial rapid growth, but is maintaining its current level. Overall then, this is a reasonably healthy-looking picture, with a period of consolidation following initial interest, potentially setting the stage for the next growth stage, although it remains to be seen how it plays out.

●  TRADE OF THE DAY

Long Entry on HYPE - Sponsored by Kalshi

This trade is brought to you with the support of Kalshi Perpetuals, where users–including those in the US–can trade perps with leverage. PLUS: Use our sign-up link and trade at least $50 in perps volume, and you’ll be entered into a $500 giveaway, with one winner picked this Sunday.

Since its $98 ATH earlier this month, HYPE has retraced into a range which has its lower edge around the previous $76 ATH, and extends up to around $89. As such, HYPE is in the zone at which a long position makes sense, with price targets above the psychologically-important $100 mark.

Go Premium for all the details on this trade, including further indicators, and recommended levels for Take Profits and Stop Losses. Inner Circle members are profiting from our regularly updated crypto and stock setups, so go Premium now for the latest signals.

●  JOIN THE INNER CIRCLE
Inner Circle

Stop Missing the Trades That Change Lives

SPECIAL OFFER: Bitunix is now offering an $80 a month rebate for all Inner Circle members. PLUS, a dedicated $5,000 weekly giveaway only for Inner Circle members.

Never been a better time to sign up and know the Big Trades Before They Hit!

While most people are drowning in noise, a quiet group of investors already knows what's coming. They've got the research, the setups, and the edge.

This is the Inner Circle. We cut through the chaos and help deliver real signal.

Start your 7-day free trial right now — and discover what you've been missing.

Start Free Trial →
●  ALPHA LEAKS
NEAR · CRYPTO

The Bitwise NEAR ETF launched this week. The fund provides spot NEAR exposure, stakes tokens, and it had net inflows of $35.5M on its first day of trading.

MU · STOCK

Micron crushed fiscal Q4 earnings. Revenue was $54.2B versus $51.5B expected, EPS reached $33.42 against $31.82 estimated, Net income was $38.4B versus $36.2B expected, gross margin hit 87%, against 86% estimated. Micron guided Q1 revenue to $62B, above the $58B expected.

COIN · STOCK

Citi is bringing stablecoin payments to business clients through Coinbase, allowing merchants to accept stablecoins while Coinbase handles onchain processing.

OUSD · CRYPTO

Stablecoin project OpenUSD has launched across Ethereum, Solana, Base and Tempo. The project’s backers include Mastercard, Visa, and Coinbase.

HSBC · STOCK

HSBC plans to launch RedCoin, a Hong Kong dollar-backed stablecoin, before the end of this year.

NU · STOCK

Brazil-based Nu Holdings has released a statement denying speculation that it is planning to acquire the British digital bank Monzo.

RKLB · STOCK

Rocket Lab signed a deal with Japanese satellite imaging company Synspective for 20 launches between 2028 and 2031, carrying Earth-imaging satellites. The Rocket Lab backlog is now above 100 launches.

●  NEWS ROUNDUP

Robinhood Summit Announcements

This week brought Robinhood's two-day HOOD Summit '26 in Houston, so let’s catch up on the key developments from the event. Major announcements included:

● Perps trading in the US on the main Robinhood app, going through Bitstamp

● 24/7 stock trading

● Options trading hours to be extended

● Agentic trading with Robinhood Agents

● Robinhood Social for social trading

Additionally, Robinhood CEO Vlad Tenev explained in an interview that he intends to expand Stock Tokens into the thousands (from around 200 now), and that Robinhood is focused on providing private stock tokens.

As for perps trading, Vlad clarified that Robinhood can offer both onchain and offchain products, stating, “what product we offer first depends on regulatory structure and what’s permissible. And I think we’re also open to offering multiple products”.

NEAR Intents Blocks Bitget Hackers

After the Bitget hack last week, in which $387.5 million was stolen, the attackers began moving funds across chains and trying to swap assets, and one route tried was through NEAR Intents, the cross-chain swapping protocol built on NEAR.

According to NEAR Intents GM Alex Shevchenko, its SHIELD security system identified more than $50 million of hacker-linked attempted swaps, and refused to process them. And while most of those assets weren't recovered, NEAR says that it did manage to freeze assets worth $503,000.

Also though, this episode has initiated another debate around the topics of decentralization and onchain ethics. NEAR Intents describes itself as a permissionless system, yet it evidently has mechanisms capable of blocking suspicious flows, which seems to be in contradiction of true decentralization.

The market doesn’t seem to mind the debate though, as NEAR is trading around local highs, putting it at above a $7B market cap.

Macro Data Positive for Risk Assets

US macro data brought the markets a positive combination on Wednesday, as inflation came in softer than expected while growth and consumer demand were stronger.

August headline PCE rose 0.3% month-on-month versus 0.4% expected, while annual inflation printed at 3.4% against 3.7% expected. And importantly for the Fed, core PCE increased just 0.2% versus the 0.3% forecast, with the annual rate falling to 3% against expectations for 3.3%, although some of that improvement reflects methodology revisions.

And at the same time, Q2 GDP was revised higher to 2.2% annualized, from 1.5%, while August consumer spending went up 0.9%.

That creates an ideal macro mix for crypto right as it attempts to establish a new bull market: cooling inflation reduces pressure for further Fed tightening, while stronger growth lowers recession risk, and as a result, the odds of an October rate-hike have fallen to 37.1%.

Want to reach 100k+ crypto investors?

Apply to sponsor this newsletter →

This content is intended purely for general knowledge and educational discussion. It is not financial advice, a recommendation, or a financial promotion under the laws of any jurisdiction. Nothing shared here should be interpreted as an offer to buy or sell any virtual asset, financial product, or security. The material is not tailored to any specific investor profile and is not intended to guide investment decisions. All views expressed are personal opinions or general commentary for informational purposes only. Unless explicitly stated, no part of this content has been sponsored, commissioned, or endorsed by any issuer, platform, or third party. Virtual Assets involve significant risk and can be extremely volatile. You could lose some or all of your investment, and there are no legal or financial protections in place. Some assets may be illiquid, difficult to transfer, or subject to irreversible transactions. Past results do not predict future performance. This content does not imply that investing is easy, safe, or guaranteed to yield returns. Where partnerships or paid collaborations are involved, those will be clearly marked in accordance with applicable disclosure requirements. Please do your own research and speak with a qualified advisor before making any investment. Only invest what you’re fully prepared to lose.

Full disclosure of all crypto & venture investments