Cryptoccino — Sunday 16 August 2026

Pump.fun ranks third in seven-day protocol revenue, behind only Tether and Circle. The memecoin launchpad on Solana is generating more fees than any DeFi protocol or L1 over the past week, a stark reminder of where retail attention and capital are actually flowing. It also underlines Solana’s dominance as the venue for high-velocity, low-conviction trading. cryptobriefing

Solana leads tokenised T-bill growth with $378M in new issuance, spot DEXs log $5.8B in tokenised stock volume. The chain is pulling in both ends of the RWA trade simultaneously: institutional-grade tokenised treasuries and retail-facing tokenised equities running through spot DEXs. PancakeSwap v3 is the only other venue posting comparable tokenised stock volume, at roughly $3B. cryptobriefing cryptobriefing cryptobriefing

Swan CEO calls October the likely Bitcoin bottom and writes off altcoins entirely. Cory Klippsten argued that Bitcoin typically troughs about a year after its cycle peak and that the best long-term outcome for crypto is full absorption into traditional finance. The framing positions altcoins not as a laggard but as a structural casualty. cointelegraph_defi

Hyperliquid traders pricing Unitree IPO at 4x the offering price. The robotics firm is heading for a public listing and pre-market perpetual activity on Hyperliquid is implying a valuation well above the IPO price. It is an early data point for how decentralised derivatives venues are being used to express views on traditional equity events before listing day. coindesk

World Liberty Financial receives a conditional bank charter to issue USD1 directly. The proposed World Liberty Trust Company would take over stablecoin issuance from BitGo, giving the Trump-linked project its own regulated banking entity. The charter is conditional, meaning regulatory hurdles remain, but approval would tighten the loop between the project and the US banking system significantly. decrypt

Craft Ventures targeting $1B for its first fund since David Sacks returned from the White House. Sacks spent time as the administration’s AI and crypto point person before returning to the firm he co-founded. A $1B raise would be a significant statement of intent and will attract scrutiny given his recent policy role. cryptobriefing

JPMorgan quietly severed Polymarket’s banking relationship last October but is pitching for IPO work. The bank dropped Polymarket as a client at the same time it was deepening its own prediction market research, according to the FT. Polymarket has moved to an undisclosed lender but reportedly still keeps the JPMorgan relationship warm in anticipation of a potential listing. theblock

Nillion jumped 22% after integrating Chainlink’s CCIP. The cross-chain interoperability hook is being read by traders as a liquidity and reach upgrade for Nillion’s privacy-focused network. The move follows a pattern of smaller-cap tokens catching meaningful bids on Chainlink integration announcements. cryptobriefing

Trump and CFTC Chair Selig are expected at a White House crypto and prediction market roundtable on Wednesday. The session is set for 2:30pm ET and serves as a warm-up for the CFTC’s inaugural Innovation Advisory Committee meeting the following day. Presence at the table from both the president and the regulator suggests this is more than a photo opportunity. theblock

Washington state orders Kalshi to geo-fence out its residents by 19 August. Kalshi has until the end of next week to implement initial geofencing and must deploy a GeoComply multi-source system by 2 September. The order covers a broad range of prediction market contracts, not a specific product category, making it a meaningful jurisdictional test. cointelegraph_regulation

What else is grinding?

• RWAs drove 32% of Hyperliquid’s new user acquisition in early 2026, per internal data cited by Crypto Briefing. cryptobriefing
• XRP social sentiment is at a three-month low even as active addresses on the network are rising, a divergence worth watching. cryptobriefing
• CoinDesk’s weekly digest flags that 2026’s $11.2B in funding is accelerating the shift toward permissioned and compliance-first crypto infrastructure. coindesk
• Kazakhstan, the world’s second-largest Bitcoin mining country, is reportedly shutting down rigs in its capital due to energy policy pressure. coindesk
• Wall Street’s pivot to private blockchains is a structural retreat from public infrastructure, not a complement to it, argues Ethereum advocate Raman in a CoinDesk op-ed. coindesk

Last sip. The Wednesday White House meeting puts crypto executives and a CFTC chair in the same room as the president, and nobody has said publicly what they expect to come out of it.