Robinhood CEO Hacked as Chain Grows

Chart of the Day — Copper/gold ratio sends a BTC signal
Trade of the Day — MU setting up for a short
Alpha Leaks — Jensen Huang posts on X for the first time
News Roundup — Vlad Tenev hacked, Bitwise on crypto staking, BitMEX closing

What Is Copper/Gold Signalling for BTC?

This chart from BTC analyst Sminston With shows an interesting long-term signal that may be worth noting.

There appears to be a correlation between the copper/gold ratio, and the BTC price, with BTC bull markets occurring when the copper/gold ratio is also in an uptrend. And right now, the copper/gold ratio is pushing to the upside and has crossed its 1000-day SMA.

The suggestion then is that a new bullish phase for BTC may be approaching after the current accumulation period, which would tie in with the established timing of the four-year cycle.

Micron in Short Territory

This is not an immediate trade, but it looks like MU may present a good short opportunity soon. There has been what looks like a bearish trend reversal, followed by a relief rally, and the key now is to look for entries around lower highs.

For a full breakdown on the details around this trade, along with ideas for entry points, stop losses, and take profit targets, go Premium now. Inner Circle members have been profiting from trades in both bullish and bearish market conditions, so go Premium today to catch our signals.

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Robinhood CEO Hacked as Chain Keeps Growing

Just as Robinhood Chain was picking up considerable momentum, the ecosystem took a reputational blow, as the X account of Robinhood CEO Vlad Tenev was compromised, with the exploiter then promoting a scam memecoin with the ticker VLAD.

The attacker was able to extract 650 ETH, worth around $1.2 million, but Vlad is now back in control of his account, posting yesterday,

“In case it wasn't clear, Robinhood has not issued any coins or tokens. Stay safe out there”.

This again illustrates the importance of remaining alert to suspicious-looking posts, even from major accounts, but it looks to be a minor bump in the road for Robinhood Chain. The network–which is built for tokenized RWAs, but has also been generating attention for memecoin trading–has now reached a protocol TVL above $590 million since it launched at the start of this month.

Bitwise Crypto Staking Report Key Takeaways

Bitwise has published its Q3 2026 Staking Report, and the most striking takeaway is that staking ratios are elevated across all networks covered, including:

● ETH, 33% of supply staked

● SOL, 68% of supply staked

● NEAR, 45% of supply staked

● HYPE, 44% of supply staked

● AVAX, 41% of supply staked

When it comes to ETH, the report notes that new staking this year is largely coming from institutional participants such as ETFs and corporate holders.

Bitwise also explains how across all featured networks, blockspace is becoming cheaper by design, meaning that in most cases, although transactions are up, revenue is down.

And a further notable takeaway is that there has been an explosion in tokenized equities volume on Solana, with volume increasing from $226 million in January 2026, to $3.3 billion in June, a surge that Bitwise credits in large part to the SpaceX IPO, as tokenized SPCX trading was accessible across three Solana platforms, with Backpack dominating tokenized equities trading on Solana.

BitMEX Hit With Lawsuit as It Announces Shutdown

Crypto derivatives exchange BitMEX has announced that it is shutting down after almost twelve years in operation. It will permanently shutter all services on September 23rd, and users are advised to close positions and withdraw funds as soon as possible.

Officially, this follows a strategic review, although a full explanation of the reasoning behind the decision has not been issued. However, it’s apparent that the exchange’s influence has waned, and–as shown in the above CryptoQuant chart–its BTC reserves have been at multi-year lows.

Additionally, on the same day that the shutdown was announced, a class action lawsuit was filed against BitMEX in the Southern District of New York, in which plaintiffs allege a combined loss of almost 623 BTC through forced liquidations. The complaint alleges that BitMEX operated an internal desk that unfairly traded against customers, and that the exchange “deliberately developed a system that profited from the liquidations”.

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