Autor Cointelegraph by Nate Kostar

StablecoinX appointed former Franklin Templeton digital asset executive Christopher Jensen as CEO, putting him in charge of the largest corporate holder of Ethena’s ENA token.Jensen succeeds Ted Chen, who led StablecoinX through its public listing in June and will remain chairman of the company’s board.StablecoinX, which trades on Nasdaq under the ticker USDE, is a publicly listed company focused on the Ethena ecosystem. Ethena issues USDe, a synthetic dollar that ranks as the fifth-largest stablecoin with nearly $4.4 billion in circulation, according to DefiLlama data. ENA, Ethena’s governance token, gives holders voting rights over changes to the protocol.StablecoinX holds about 3.03 billion ENA tokens, roughly 20% of the token’s total supply, which the company says makes it ENA’s largest corporate holder.Before joining StablecoinX, Jensen was a portfolio manager and director of digital asset research at Franklin Templeton, where he helped build the firm’s digital asset group after its launch in 2018. The asset manager’s blockchain venture fund participated in Ethena’s seed round, giving Jensen exposure to the protocol from its early stages.The appointment comes about a week after Ethena launched Ethena Pay, a self-custodial app that lets users spend, save and transfer its USDe synthetic dollar.The ENA token remains down about 20% year to date but has rebounded sharply in recent weeks, gaining more than 80% over the past month to trade around $0.16, according to CoinGecko.ENA token price over the past month. Source: CoinGeckoCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Robinhood has taken equity stakes in Crypto.com and its newly spun-off prediction market platform OG.com as part of a multi-year deal to use OG.com’s regulated infrastructure for event contracts.Under the agreement, Robinhood will route retail event contracts through OG.com’s Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange and clearinghouse, with the rollout beginning Tuesday for eligible US customers.According to Tuesday’s announcement, the online brokerage will receive initial equity stakes in both Crypto.com and OG.com, with the stakes priced at the valuations established by an earlier Citadel Securities investment in the platforms. The companies did not disclose the size or value of Robinhood’s holdings.The deal follows OG.com’s spin-off from Crypto.com at a $5 billion valuation and comes less than two months after reports that Robinhood was in talks with Crypto.com to expand its prediction markets offering.OG.com will operate independently from the crypto exchange, with CEO Kris Marszalek saying the platform plans to expand beyond prediction markets into futures and perpetual contracts.Related: Arcus launches tokenized perp positions on Robinhood ChainLatest move expands prediction market partnershipsRobinhood launched its prediction markets hub in March 2025 with CFTC-regulated exchange Kalshi and later expanded its prediction market infrastructure.The business has grown rapidly. Event contracts generated $156 million in revenue for Robinhood in the second quarter, up more than tenfold from a year earlier and surpassing its $129 million in equities transaction revenue and $100 million from crypto.Bernstein analysts estimated in July that Robinhood’s revenue, including prediction markets, could reach $1.7 billion by 2028.To be sure, prediction market operators have also faced a growing number of legal challenges from US states seeking to apply their gambling laws to sports event contracts.In April, a Nevada judge extended a ban preventing Kalshi from offering event contracts in the state without a gaming license, finding that the products were effectively indistinguishable from traditional betting. The ruling rejected Kalshi’s argument that the contracts are swaps subject exclusively to CFTC oversight.The legal wrangling escalated last week with New Jersey petitioning the US Supreme Court to weigh in on whether states can regulate sports contracts offered on CFTC-regulated prediction markets.In a post announcing the move, New Jersey Attorney General Jennifer Davenport said companies such as Kalshi claim to offer legal sports betting nationwide while refusing to comply with state gambling laws, calling on the Supreme Court to resolve the jurisdictional dispute.Source: Jennifer Davenport

The Ethereum Foundation has identified two “must ship” proposals for the Hegotá upgrade, prioritizing censorship resistance and more flexible account authentication as it narrows the fork’s scope.The ranking evaluated 62 proposed Ethereum Improvement Proposals (EIPs), drawing on input from roughly 60 researchers and engineers across the Foundation’s Protocol cluster. It marks the first time the Foundation’s Protocol cluster has published a unified view of proposed EIPs rather than separate opinions from individual teams.The two must-ship proposals are EIP-7805, known as FOCIL, and EIP-8141, or Frame Transactions, which the Foundation designated as the consensus and execution-layer headliners for Hegotá.FOCIL is designed to give users a path to have eligible transactions included without relying on centralized block builders, strengthening Ethereum’s resistance to transaction censorship.Frame Transactions would introduce native account abstraction and create a path toward post-quantum authentication. Together with two companion proposals, the change could also provide protocol-level building blocks for privacy applications.The “must ship” designation means the two proposals effectively define the upgrade. If either is at risk, the Foundation said Hegotá’s schedule should adjust before the proposal is dropped.FOCIL tops Hegotá consensus-layer rankings. Source: Ethereum FoundationRelated: Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETHHegotá scope still being finalizedBeyond the two headliners, the Foundation placed 15 proposals in its A-tier, meaning they are expected to ship unless development or testing constraints force cuts. Another eight remain candidates for inclusion, seven were placed below the line but not ruled out, and 28 were declined.Two proposals remain unranked pending mainnet data from Glamsterdam, the Ethereum upgrade preceding Hegotá that is focused on improving scalability and strengthening the network’s base layer. According to the Foundation, client teams could begin implementing Hegotá in late 2026 following Glamsterdam.Ethereum’s last major upgrade, Fusaka, went live on Dec. 3, 2025, bringing a series of scaling and usability improvements to the network. Its headline feature, PeerDAS, changed how nodes handle rollup data, reducing the amount each node needs to download and upload while increasing data capacity for Ethereum layer-2 networks.Magazine: BTC will hit $1M by 2030… but Arthur Hayes is buying ETH instead 

Polish prosecutors investigating cryptocurrency exchange Zondacrypto, have formally charged an individual, identified as Romana Ż., with participating in an organized criminal group and allegedly misappropriating 7.8 million zlotys ($2.1 million) in user funds.Prosecutors also asked the Katowice-Wschód District Court to place the suspect in pretrial detention, citing concerns that he could flee or interfere with the investigation, according to an official announcement on Monday.Romana Ż. was detained on Sept. 5 over concerns they might flee and was subsequently questioned by prosecutors. The suspect denied the charges and provided a statement, according to Poland’s National Prosecutor’s Office.Prosecutors allege Romana Ż. acted with others to misappropriate funds entrusted to the exchange by making unauthorized changes to computer records and interfering with the processing and transmission of exchange data.The charges come after three others detained on Sept. 2 were charged in the investigation over allegations including money laundering, misappropriation of company assets and participation in an organized criminal group. A Polish court ordered all three held in pretrial detention for up to three months.As Cointelegraph previously reported, prosecutors estimated losses connected to Zondacrypto at no less than 350 million zlotys. The investigation was also merged in July with a probe into the 2022 disappearance of Sylwester Suszek, the founder of BitBay, which was later renamed Zondacrypto.Zondacrypto’s Estonian operator, BB Trade Estonia, was declared bankrupt in August, with its first creditors’ meeting scheduled for Sept. 17.Magazine: ‘White hats’ take 4000 BTC from Liquid, ETFs see best inflows of 2026: Hodler’s DigestCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.