This is a limited-edition Double Episode: 10 stories on the liquidity return, the emerging US crypto rulebook, and the rails taking stablecoins and RWAs mainstream.

Treasury buybacks of at least $4B per operation met a resurgence in ETF demand: $853.5M over five positive sessions, then $517M in a late-August BTC ETF session. Meanwhile, Robinhood Chain owned 38% of July's Ethereum L2 revenue, crypto cards processed $759M in July, and regulators moved on GENIUS, Reg Crypto and Kalshi while CLARITY's 2026 odds fell to 10%.

In this episode:

- Liquidity, ETF flows and BTC toward $73K

- Robinhood Chain's $3.6M first month and stablecoin rails

- Tether's $6. ...