Binance's strategic approach to listing memecoins like MarsCoin could redefine token entry processes, balancing risk and speculative trading.

The post Binance lists MARSCOIN, its first memecoin spot listing in a year appeared first on Crypto Briefing.

The breach highlights the critical need for stringent data management and verification practices to prevent increased risks of cyber threats.

The post Trezor says 67,000 more US customers affected by ShipMonk data breach appeared first on Crypto Briefing.

The limited integration of tokenized assets into DeFi highlights a significant gap, potentially stalling broader adoption and innovation in the sector.

The post Centrifuge reports only 12% of tokenized assets meet DeFi standards appeared first on Crypto Briefing.

Rising diesel prices highlight the vulnerability of energy markets to geopolitical tensions, potentially affecting global economic stability.

The post US diesel prices hit record high as Vance downplays Iran war impact appeared first on Crypto Briefing.

Spark's aggressive growth investments in USDT savings and liquidity operations highlight a strategic shift prioritizing long-term gains over immediate profitability.

The post Spark reports $41M gross returns, $710K net surplus in Q2 appeared first on Crypto Briefing.

Bitcoin Magazine

Bitcoin Bear Market May Not Yet Be Over, Says Fidelity 

Bitcoin may be rallying but that doesn’t mean the bear market is over. Not yet, anyway. 

A new report from asset manager Fidelity said that while bitcoin was behaving like it did in previous cycles, it could still hit a bottom in November. 

Bitcoin started rallying in mid-August after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The asset’s price recently stood at close to $81,639, up nearly 30% over a 30-day period. 

Some have since argued that bitcoin is out of its bear market. The coin touched a record high in October last year, hitting $126,080. 

“Given bitcoin’s recent performance, the bottom could already have occurred in July,” Chris Kuiper, Vice President of Research at Fidelity Digital Assets, wrote. 

“It could also drop again to make another new low in November or later,” he continued, adding that bitcoin cycles have historically not been precisely four years long, so they “aren’t reliable for timing the market.” 

Throughout most of June and July, bitcoin’s volatility was particularly muted, and the coin traded below $65,000. 

But that all changed in August after the Treasury Department’s announcement, which has since brought the so-called debasement trade back in the picture again. 

To get an idea of where bitcoin moves next, Kuiper argued that investors should pay attention to what happens with the crypto Clarity Act. Proponents argue it could provide “greater regulatory certainty and support continued innovation in the U.S. digital asset ecosystem,” he wrote. 

President Donald Trump in August urged lawmakers to get the long-awaited crypto market structure bill over the line, helping spur bitcoin’s run. The president called the draft “very, very powerful” after meeting with crypto industry bigwigs at the White House. 

The digital asset industry has long called for clear rules on how regulators should treat bitcoin, stablecoins and other cryptocurrencies. 

Lawmakers will vote on the bill this month. 

This post Bitcoin Bear Market May Not Yet Be Over, Says Fidelity  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount

Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement. 

That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading in lockstep because the U.S. government has “materially intervened in the macro picture.” 

Bitcoin started surging last month, after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The coin had its best run in three years and third best August ever. 

“The last time the bitcoin-gold correlation was that high was in 2020, following the rounds of fiscal and monetary stimulus during the Covid crisis,” Bitwise’s European Head of Research, André Dragosch, wrote. 

He added that bitcoin’s correlation with the stock market dropped to a one-year low, “implying some kind of decoupling between hard assets and the stock market.”

Bitcoin has been pushed as “digital gold” for years but has sometimes traded with tech stocks as a “risk-on” asset. 

But the so-called debasement trade — when investors buy an asset as a way to hedge against a currency losing value — was a much-talked about investment strategy last year and appears to be back. 

The reason is down to the government intervening in markets, Dragosch argued. When the Treasury said it would try to rein in long-term borrowing costs, the dollar’s value slid and sent investors flooding back to gold — and bitcoin. 

The Treasury the same week also said the U.S. public debt exceeded $40 trillion for the first time. Excessive debt also undermines confidence in the dollar. 

“Investors are no longer asking whether to hedge currency debasement with gold or bitcoin. They’re simply hedging with both,” the report added. 

“Bitcoin spent its first fifteen years being priced as a risk asset. If this correlation trend with gold holds, the next fifteen may look very different.”

The leading cryptocurrency again rallied this week, and was recently trading for close to $81,438 after jumping nearly 6% over a 24-hour period. 

This post Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote

U.S. congressman French Hill expressed the importance of bipartisan support to get the long-awaited crypto market structure bill, the Clarity Act, over the line before the midterms. 

The lawmaker told Fox Business Thursday that Democrats and Republicans have come to “narrow their differences in getting the bill drafted. 

Pro-crypto lawmakers were hoping the Clarity Act passed before Congress departed for August recess. After a delay, a vote will now go ahead on September 15. 

“Can Democrats work with Republicans and make sure America leads the world in distributed ledger technology and financial services?” Hill said. 

“This one remaining significant issue is the ethics provision, and that is best solved by passing the legislation because everybody — no matter what family they belong to, the Trumps or not — would then be under a regulatory framework fully scrutinized by the United States government in commodity and securities and banking regulators,” he added. 

The Clarity Act was first introduced by Hill, the House Financial Services Chairman, last year. 

Crypto companies have long called for clear regulations for the industry. The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins. 

The House of Representatives passed the bill last July but it has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield. 

A new draft tackling the issue of ethics started circulating in July. It bans government officials from promoting or making money from crypto — something Democrats have criticized the Trump family for doing. 

A group of Democrats said the bill fell short and wanted amendments. Some were accused of deliberately holding it back by Republicans like Cynthia Lummis. 

Some have praised the bipartisan work that has already gone into the bill, namely Coinbase, America’s biggest crypto exchange. The company’s Chief Policy Officer, Faryar Shirzad, said in July that while some Democratic lawmakers were holding back the long-awaited legislation, younger Democrats wanted to pass it. 

President Donald Trump in August said that in order for the U.S. to remain the “undisputed leader in Bitcoin and crypto,” lawmakers had to pass the “very, very powerful legislation.” 

This post French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Kraken and SoFi Link Crypto Trading To Banking Rails

Payward, the parent company of crypto exchange Kraken, and fintech company SoFi Technologies on Thursday announced a deal to route SoFi customers’ crypto orders through Kraken’s institutional trading platform and list SoFi’s stablecoin on the exchange.

Under the agreement, SoFi will send its digital asset order flow to Kraken Prime, Kraken’s prime brokerage arm, which launched in 2025. 

Rather than filling trades against a single order book, Kraken Prime uses smart order routing to compare prices and depth across multiple venues and execute where the fill is best. SoFi said customers will see no change to the app itself.

Payward is also joining the SoFi Exchange Network, the bank’s real-time settlement system, and will list SoFiUSD — SoFi’s bank-issued stablecoin — on Kraken. 

Kraken Prime’s institutional and business clients will in turn gain access to SoFi’s business banking services and round-the-clock fiat settlement. The companies said qualified custody services would follow later.

SoFi holds a national bank charter and has 15.8 million members. The partnership is the latest in a series of tie-ups between Kraken and established financial firms, following arrangements with Deutsche Börse on foreign exchange and derivatives infrastructure, Nasdaq on a tokenized equities gateway, and Franklin Templeton on tokenizing exchange-traded funds.

The news comes after SoFi, a purely digital lender, last year became the first nationally chartered bank in the United States to launch crypto services for retail customers.

The company’s new SoFi crypto platform allows members to buy, sell and hold bitcoin directly within their bank accounts.

Kraken — like other crypto exchanges — is pushing into the traditional finance world, allowing users to trade stocks, bonds and other assets. The company has sold its app as a “primary account for everything.”

This post Kraken and SoFi Link Crypto Trading To Banking Rails first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It

Bitcoin surged on Thursday — but industry-related stocks rose even quicker as a rally that started weeks ago again picked up steam. 

The price of the biggest cryptocurrency hit as high as $81,282 on Thursday morning in New York, a nearly 3% increase over a 24-hour period. 

Over the past 30 days, the bitcoin price has surged over 23% following both positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks. 

But other major crypto company stocks rose quicker. Bitcoin treasury Strategy (NASDAQ: MSTR) was trading more than 13% higher on Thursday. The company on Monday resumed bitcoin buys after a 10-week pause to reshuffle its cash balance sheet. 

America’s biggest crypto exchange, Coinbase, also saw its stock shoot up. Nasdaq-listed COIN was trading 11% higher in the same time period. 

Elsewhere, bitcoin mining companies had a boost too. Top public companies in the space — including the Nasdaq-listed HIVE Digital, MARA, and CleanSpark — all were up on Thursday. 

HIVE Digital led the pack with a 13% jump, while MARA Holdings was up more than 10% on the day. 

Clean energy bitcoin miner CleanSpark jumped by 9%; IREN, which is slowly phasing out its mining operations to focus on AI-compute, was up by 4%. 

Bitcoin had a phenomenal run in August — its third best such month in its history — after the U.S. Treasury Department said it would more than double the size of its government debt repurchases.

The announcement, aimed to tame surging yields not seen in nearly 20 years, hurt the dollar but has benefited non-yielding assets like bitcoin and gold. 

Soon after, President Donald Trump urged lawmakers to get the long-awaited crypto Clarity Act over the line — digital asset legislation the industry has long called for. 

Investors rushed back into bitcoin exchange-traded funds as a result, throwing over $2.8 billion at the vehicles — the most since October, when the coin hit a new all-time high. 

Bitcoin had spent a lot of the year trading below $80,000 per coin, with June and July mostly below $65,000. The coin hit a new record of $126,080 in October. It is now nearly 40% below that number. 

This post Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

The Commodity Futures Trading Commission (CFTC) asked a federal court on Sept. 2 to dismiss CME's challenge to Kalshi's Bitcoin perpetual contract.

The lawsuit turns on whether a contract without a fixed expiration belongs in the US futures regime. Before the court reaches that question, the regulator says CME must first show an injury the court can fix.

The Commodity Futures Trading Commission says CME is free to list a comparable digital commodity product, so the exchange cannot blame the regulator for competitive harm caused by its choice to stay out.

That threshold argument turns a dispute over one Bitcoin contract into a test of how perpetual-style futures can spread through regulated US markets.

Bloomberg reported discussions about Coinbase seeking a regulated route to selected contracts linked to prices on Hyperliquid. Kalshi is reportedly preparing to seek approval for a West Texas Intermediate crude-oil version.

Together, the examples trace a contract structure popularized in offshore crypto markets as it enters the American regulatory perimeter one venue and asset class at a time.

CryptoQuant data shows that global crypto perpetual-futures volume reached about $61.7 trillion in 2025, up 29% from the previous year, while spot trading totaled $18.6 trillion over the same period.

The CME case could shape how much of that activity US exchanges can pursue through the CFTC's futures framework.

The CFTC says CME can compete in Bitcoin perpetuals

CME sued the CFTC on June 18, seeking to overturn the agency's May 29 approval of KalshiEX's Bitcoin perpetual contracts and the accompanying policy statement. CME argued that a contract without a fixed expiration is a swap rather than a future under the Commodity Exchange Act.

The CFTC's motion said the relief CME seeks would fail to remedy the exchange's claimed competitive injury.

The agency added that CME may list similarly structured digital commodity perpetuals, characterizing any disadvantage from CME declining that opportunity as self-inflicted.

A judicial decision treating Kalshi's product as a swap would not necessarily remove competing exposure from the market because another venue might offer it under that classification. In the agency's view, a win for CME on that point would still fail to redress the alleged injury.

The current schedule gives CME until Oct. 2 to oppose the dismissal motion. A ruling on standing could leave the deeper line between futures and swaps unresolved.

The May 29 CFTC policy defined designated contract markets as those that could list similarly structured perpetuals tied to Bitcoin and digital commodities with deep, active, and continuous spot markets. Products outside that group were directed toward case-by-case review under Regulation 40.3.

The result is a faster path for qualifying digital commodity products and a separate review track for other assets. That distinction will matter as venues look from crypto toward energy and other established futures markets.

Coinbase's derivatives market page markets US perpetual-style futures with 24/7 trading and contract families tied to Bitcoin, Ethereum, XRP, and Solana.

The name “perpetual” covers different contract mechanics in the emerging US market. Coinbase's official help material describes the covered contracts as having five-year expirations, so they offer long-dated, continuously traded exposure, while a literal expiry-free contract requires different terms.

A June CFTC staff letter granted conditional relief for requests from Coinbase Derivatives and Bitnomial to remove expiration dates from existing digital commodity perpetual-style contracts that expired on June 30.

Regulated US perpetual-style crypto futures have moved from policy concept to operating category, even as the exact expiration mechanics vary by contract. CME's suit challenges the agency approach behind that change as rival venues adapt one of crypto's largest trading formats.

Hyperliquid would test an on-chain bridge

Hyperliquid and Payward are reportedly discussing a structure for registered US users. Payward subsidiary Bitnomial, a regulated derivatives venue, would offer selected contracts tied to token prices on Hyperliquid.

Payward completed its acquisition of Bitnomial in August, adding its US derivatives exchange and clearing infrastructure.

President Donald Trump supplied a political signal on Aug. 19, saying that his administration was working on a US route for Hyperliquid during a White House technology event.

A signed-off structure would test a bridge between a registered domestic venue and token prices formed in an on-chain market. Surveillance, market integrity, and the precise relationship between the venues would turn on the approved design.

Polymarket's international site shows live leveraged crypto perpetual markets, while Polymarket US is a separate platform. The international product demonstrates how quickly crypto-native venues are expanding the format, supplying global context.

Oil brings the model into traditional futures

In June, the CFTC requested public comment on 24/7 futures trading and perpetual contracts for storable, physically delivered energy commodities, including crude oil. That consultation placed the structure under active review in a longstanding futures market.

Kalshi is reportedly preparing a CFTC filing for a perpetual contract tied to WTI crude oil, potentially as soon as the following week.

A WTI proposal would follow the CFTC's case-by-case route. Its review would also confront the practical differences between a cash-referenced crypto contract and a market built around a physical commodity with established delivery infrastructure.

Perpetuals are being considered for a traditional commodity market where CME is an incumbent, placing the new structure closer to the core of established derivatives competition.

A quick CFTC victory on standing would preserve the agency's framework without a ruling on the futures-versus-swaps question. Other exchanges could read that result as support for proposing similar contracts, subject to the applicable listing or review process.

Continued litigation on the merits would put the statutory classification question before the court. A decision on whether a no-expiry contract can qualify as a future would create a clearer legal boundary, while the period before a ruling could complicate product planning.

Regulatory sign-off for selected Bitnomial contracts linked to Hyperliquid prices would test the on-chain bridge. Acceptance of a WTI perpetual would show the structure crossing into a traditional commodity.

The CFTC is now defending its approach in court while exchanges probe its limits, with perpetual-style products entering the regulated US market.

The next phase will depend on whether CME has standing, how a court classifies the Kalshi contract, which venues can meet the CFTC's conditions, and whether regulators allow the model to extend from digital commodities to on-chain prices and physical markets.

The post From Bitcoin to oil, perpetual contracts are breaking into American financial markets appeared first on CryptoSlate.

Bitcoin registered an intraday high above $82,000 on Sept. 3, pushing above the 50-week moving average that Galaxy Research says marked the definitive end of four of Bitcoin's five comparable completed bear markets.

Galaxy's signal requires a weekly close above that line, and the Sept. 3 push through it happened well before the week's close.

A historical signal with one real exception

Galaxy's framework treats the 200-week moving average as Bitcoin's historical bear market floor and the 50-week moving average as its ceiling, with the 50-week line currently sitting around $81,800.

In four of the five completed bear markets where Bitcoin fell below that ceiling, the first successful weekly reclaim marked the bottom.

The exception came in 2021 and 2022, when Bitcoin briefly reclaimed the level twice before falling to a fresh low.

Galaxy's drawdown accounting puts the current bear market's start near a $124,800 peak in October 2025 and its low near $58,500 at the end of June, a decline of roughly 53%.

More than a chart pattern

Bitwise's Sept. 1 research argues that Bitcoin's reclaimed price levels, combined with its Long-Term Holder Supply and Risk-On Transition models, point to a new bull market cycle already underway, provided those reclaimed levels hold.

That combination makes the bullish case broader than one technical line crossing another.

CryptoQuant analyst Darkfost said Sept. 2 that Bitcoin's apparent demand, a measure of whether fresh buying is absorbing newly available supply, briefly turned negative again after its short recovery earlier in August faded.

Wallets holding more than 100 BTC added roughly 60,000 BTC during that same month even as smaller holders sold, and Glassnode's data shows real spot participation and ETF inflows behind the rally's earlier stages.

Bitcoin's buyer base is real, and it has not yet grown large enough to absorb sellers as price keeps climbing.

Several methods point to the same price band

Glassnode's latest on-chain research identifies $83,000 to $86,000 as a dense band of long-term-holder supply, the level at which the current relief rally has stalled.

At comparable prices, 68% of Bitcoin's supply now sits in profit, up from 65% during a similar test in May, meaning more coins could be sold into any further strength.

21Shares frames roughly $81,000 to $82,000 as the line separating a genuine turn higher from an ordinary bear market bounce, with $85,000 and eventually $98,000 as the next markers above it.

None of these frameworks arrived at the same number through the same method. Nonetheless, Galaxy's moving average, Glassnode's supply data, and 21Shares' regime band all independently cluster in the same broad $81,000 to $86,000 zone, a strong signal.

The rally's origin invites a closer look

Glassnode traces the current move back to a short squeeze in mid-August that pushed Bitcoin from roughly $63,500 toward $80,000.

That leg came alongside about $2.8 billion of ETF inflows, falling futures open interest, and contained funding rates, a pattern more consistent with spot buying and short covering than with leveraged longs chasing price.

ETF intake later peaked near $290 million a day, though secondary-market turnover on those same ETFs stayed closer to $3 billion daily, a quieter pace than prior expansion phases showed.

The Treasury's Aug. 19 move to at least double its long-end liquidity-support buybacks helped fuel the initial leg.

QCP has cautioned that operations function as liquidity support, well short of full monetary easing, and Fed Governor Christopher Waller has pointed to fiscal strain keeping Treasury yields elevated in the high-4% range.

Bitcoin needs a weekly close above the 50-week moving average, since Galaxy's historical signal has never been satisfied by an intraday wick alone.

It also needs to clear and hold $83,000 to $86,000, genuinely absorbing the long-term-holder supply Glassnode has identified over a sustained stretch.

Apparent demand, ETF flows, and US spot activity need to turn convincingly positive on their own, past the mixed readings seen so far.

The reclaimed levels also need to survive the profit-taking that comes with more of the supply moving into the green.

Whether the reclaim holds or joins 2021-22 as the exception

The bull case has Bitcoin closing the week above the 50-week moving average. It then clears $83,000 to $86,000 on spot demand strong enough to push through the same level where Glassnode says the current relief rally has stalled.

Under that path, $90,000 comes into view next, followed by the prior 2026 high near $98,000. Galaxy's historical signal joins its four successful predecessors, leaving the 2021-22 episode as the sole exception on record.

The bear case has Bitcoin failing the weekly close entirely or losing support back near $76,000 to $78,000. That would send it sliding toward $71,800 and eventually the $62,000 to $65,000 zone that marked the accumulation base beneath this year's rally.

In that scenario, the 2021-22 exception gets company, and the August rally reads in hindsight as forced short covering that ran out of room once real demand failed to show up behind it.

Bitcoin crossed the line that has historically marked the end of its bear markets. The next few thousand dollars will decide whether enough buyers showed up to prove it.

The post Bitcoin just crossed the line that ended 4 out of 5 bear markets, but one deadly historical trap could still trigger a crash to $62,000 appeared first on CryptoSlate.

House Republicans have erased most of the remaining pre-election runway for the CLARITY Act despite mounting pressure to pass it.

House Republican leaders canceled votes for the weeks of Sept. 21 and Sept. 28, moving the chamber’s departure to Sept. 17 from Oct. 1. The House is scheduled to return Sept. 14 for four voting days before leaving Washington until after the November midterms.

That creates an immediate problem for the crypto market-structure bill. The Senate’s first major procedural vote is scheduled for Sept. 15, only two days before the House leaves.

Galaxy Digital Head of Research Alex Thorn said the change makes passage before the midterms “extremely unlikely.” The Senate still has roughly three weeks of session stretching into early October, but any version it passes must ultimately match the legislation approved by the House before it can reach President Donald Trump.

The House passed CLARITY 294-134 in July 2025. The Senate has since worked on amended language, meaning a Senate victory alone may not finish the job.

Punchbowl News reporter Brendan Pedersen said senators could potentially work through the required procedure in about a week and a half if everything went smoothly, depending on amendments. Before the calendar change, that still left the House enough time to take up a Senate bill quickly.

That late-September cushion is now gone.

Pressure is rising as the calendar closes

The squeeze comes as the White House, congressional Republicans and regulators intensify their push for legislation.

Trump called on Congress last week to pass “a fair version of the Clarity Act,” while SEC Chair Paul Atkins has said legislation remains “indispensable” even as the commission develops its own crypto rules.

House Financial Services Committee Chairman French Hill has also pressed the Senate to act, pointing to the 78 Democrats who joined Republicans when the House approved the bill.

In an X statement, he said:

“Can Democrats work with Republicans and make sure America leads the world in distributed ledger technology and financial services?”

Sen. Cynthia Lummis had already warned that the remaining legislative window was narrowing. When she released updated CLARITY text in July, she said the coming weeks were likely the “last real chance” for years to complete market-structure legislation.

Prediction markets have remained skeptical. Polymarket traders are pricing in less than a 20% chance that CLARITY would become law by Dec. 31.

Still, the calendar change does not end the bill’s prospects.

Lauren Belive, Ripple’s head of policy, argued that post-election lame-duck sessions have repeatedly produced major negotiated legislation even after elections that changed control of Congress.

Her argument shifts the immediate burden back to the Senate. If senators can produce a sufficiently settled bipartisan bill before Election Day, the House could still take it up in a lame-duck session.

That path carries a different political risk. One or both chambers could change hands in November, altering lawmakers’ incentives before they return to vote.

For now, the Sept. 15 Senate vote becomes the first test. CLARITY may still have a path to Trump’s desk in 2026, but the House calendar has made getting there before the midterms exceptionally difficult.

The post CLARITY Act may be heading for lame duck after House Republicans slash the calendar appeared first on CryptoSlate.

Genius Group, a Singapore-based education group, has cleared a legal obstacle to raising capital for its planned Bitcoin and artificial intelligence treasury expansion.

The US Court of Appeals for the Second Circuit vacated a preliminary injunction that Genius said had restricted its ability to issue shares, raise capital, and purchase Bitcoin. The Aug. 31 order removes the injunction as applied to the company and sends the dispute back to the Southern District of New York.

The ruling comes days after Genius unveiled a five-year capital plan targeting an $827 million Bitcoin treasury and an $800 million AI portfolio, with total assets projected to reach $2 billion by fiscal 2031.

Chief Executive Roger James Hamilton said the company believes Bitcoin and AI are entering new growth cycles and intends to use permanent capital to expand exposure to both.

Preferred shares are expected to play a central role in that strategy.

Genius pointed to Michael Saylor's Strategy use of Bitcoin-backed preferred securities like STRC as a model for raising capital without relying solely on common-stock issuance. The market value of those securities now exceeds $13 billion, giving Genius a template for funding long-duration assets while limiting dilution to ordinary shareholders.

The company plans to issue $1.2 billion of this kind of securities. Its proceeds would be divided among Bitcoin purchases, AI investments and a cash reserve covering roughly 18 months of preferred dividends.

Hamilton said the structure is designed to expand both treasuries without issuing additional ordinary shares, with returns above the preferred dividend rate flowing through to net asset value for common shareholders.

The first raise, however, remains small relative to the ambition. At $12.5 million, it represents about 1.5% of the $827 million Bitcoin target before any proceeds are allocated to AI or the dividend reserve.

Genius reported $106.6 million in net assets and no third-party debt as of June 30. The final size, pricing and timing of the preferred financing remain subject to market conditions and board approval.

Bitcoin must be rebuilt while AI exposure already exists

Genius is pursuing its Bitcoin and AI ambitions from very different starting points, with one requiring a rebuild and the other already underway.

The company first adopted its Bitcoin treasury strategy in 2024, directing most of its reserves into the asset and building its reserves to a peak of 440 BTC.

However, that strategy later reversed as legal battles constrained its fundraising and share issuance ability. As a result, Genius sold down its Bitcoin holdings and exited the remainder in April, using the proceeds to repay $8.5 million of debt.

It now plans to restart Bitcoin purchases in the fourth quarter, but no new acquisition has yet been disclosed.

Meanwhile, its AI exposure is further along.

Genius launched its AGI Infinity Portfolio in May and made its first investment in June, giving the company indirect pre-IPO exposure to OpenAI, Anthropic, SpaceX, Anduril and Databricks.

The company has also outlined an initial $100 million AI deployment across pre-IPO funds, listed infrastructure companies and businesses expected to benefit indirectly from wider adoption of artificial intelligence.

That leaves Genius trying to rebuild a Bitcoin treasury it previously dismantled while simultaneously scaling an AI portfolio that already has exposure to some of the sector’s largest private companies.

The post After selling every coin it owned, a public company is using Strategy’s STRC playbook to restart its $827M Bitcoin treasury plan appeared first on CryptoSlate.

Bitcoin and gold are trading more like each other than at any point since 2020, even as their latest divergence tests that relationship.

Their 90-day correlation has climbed to about 0.55, the highest in nearly six years, while Bitcoin’s volatility stands at 36.2% compared with 25.3% for gold. That makes Bitcoin just 1.43 times as volatile as the precious metal, down from 5.6 times in 2021.

Yet the latest bout of macro stress has produced a striking divergence. Gold plunged from nearly $4,700 on Aug. 25 to as low as $4,342 on Sept. 1 as Treasury yields and Federal Reserve rate-hike expectations surged.

Bitcoin spent much of the same period holding around $77,000, only a few percentage points below its late-August levels, before rebounding above $80,000 as of press time.

Gold is closing a volatility gap once dominated by Bitcoin

The unusual part of the convergence is how much of it has come from gold becoming more volatile.

Bitcoin’s current 90-day volatility places it around the 10th percentile of its own history, while gold sits in the 93rd percentile, Bitcoin analyst Adam Livingston said. The ratio between the two assets’ volatility has remained below two for 177 consecutive sessions.

From 2020 through 2025, there were only 82 such days combined.

Bitcoin hasn't stopped moving. Its average volatility has risen to roughly 44% this year from 41%. Gold’s has surged to about 30% from 18%, Livingston said. Every session during the past six years in which gold’s 90-day volatility exceeded 25% has occurred in 2026.

That leaves the traditional safe haven in one of its most turbulent periods, as Bitcoin trades through an unusually subdued stretch by crypto standards.

The narrowing gap has occurred alongside a stronger relationship between their returns. Bitwise said Bitcoin’s three-month rolling correlation with gold reached its highest level since 2020 at the end of August, using Bloomberg data going back to 2015.

Macro stress pulled the two assets together

The previous correlation peak came after the COVID crisis unleashed massive fiscal spending and monetary stimulus. Bitwise sees a similar macro force returning.

Long-term Treasury yields surged in August before the US Treasury expanded purchases of longer-dated securities. Bitcoin gained 22.4% in the week following the intervention, while gold rose roughly 5% and stocks fell, Bitwise said.

The backdrop has revived concerns around deficits, sovereign borrowing and currency debasement as US federal debt moved above $40 trillion.

Grayscale saw the same shift from another angle. Bitcoin’s 90-day correlation with the Nasdaq 100 has fallen from above 60% to roughly 33%, while its correlation with gold has risen from barely above zero at the beginning of the year to more than 50%.

Bloomberg Intelligence senior ETF analyst Eric Balchunas said Bitcoin has had a lower correlation with US stocks over the past six months than gold, small-cap equities, emerging-market stocks and even Treasurys.

Balchunas cautioned that the window is short and argued that Bitcoin’s relationship with stocks has historically been around 0.40. Some of the latest shifts reflect gold and Treasurys becoming more correlated with equities rather than Bitcoin undergoing a complete transformation.

The data shows that both markets have become increasingly sensitive to many of the same macro forces.

Gold’s selloff is already testing the convergence

This week offered the first meaningful stress test of that relationship.

Gold slid more than 7% from its Aug. 25 peak near $4,696 to about $4,342 on Sept. 1 as Treasury yields climbed and traders rapidly repriced Federal Reserve policy. The US 10-year yield approached 4.8%, while higher oil prices intensified concerns that inflation could keep monetary policy restrictive for longer.

Traders had assigned roughly a 38% probability to a September rate increase when gold approached $4,700. By Thursday, the probability had climbed above 60% before comments from Fed Governor Christopher Waller prompted markets to pare those bets.

The moves have left gold unusually sensitive to changes in rates, energy and currencies even as longer-term concerns over government debt and fiat debasement remain supportive.

Ole Hansen, head of commodity strategy at Saxo Bank, said precious metals had rebounded for a second session as softer US economic data and easing pressure from oil helped arrest the rise in bond yields. A weaker dollar, particularly against the Japanese yen, provided additional support.

He noted:

“For now, gold’s inverse correlation with oil prices and bond yields remains a key focus, sidelining other potentially supportive drivers.”

That helps explain why gold can weaken even while longer-term concerns over debt and currency debasement remain intact. Higher oil prices can push inflation expectations and bond yields higher, increasing the opportunity cost of holding non-yielding bullion.

Bitcoin has absorbed the same tightening shock with considerably less damage as the top crypto trades above $80,000.

Ryan Lee, chief analyst at Bitget, told CryptoSlate that BTC resilience can be attributed to cleaner positioning after recent liquidations flushed excess leverage from the market. Moderate perpetual funding and ETF demand have provided another cushion even as daily fund flows remain uneven.

US spot Bitcoin ETFs took in $101.2 million on Sept. 2 after posting $236.5 million of outflows a day earlier. The funds have still attracted more than $3 billion over the past 30 days, leaving a substantial spot-demand base beneath a market that has so far avoided another large liquidation cascade.

Lee said a sustained hold around $76,000 to $77,000, alongside contained funding and steadier ETF demand, would strengthen the case that spot buyers are underpinning the market. Persistent ETF redemptions, a stronger dollar or another jump in rate expectations would put that support under greater pressure.

Sept. 3 demonstrated how quickly those inputs can reverse. Waller signaled that he could support keeping rates unchanged in September if incoming inflation data showed further improvement, prompting traders to cut the probability of a hike from above 60% toward even odds.

Gold jumped about 2% toward $4,473 as Treasury yields and the dollar eased, while Bitcoin registered an intraday high above $81,000.

Bitcoin and gold are increasingly being shaped by the same fiscal, currency and interest-rate forces, but the transmission mechanism is different.

Gold remains acutely sensitive to real yields, the dollar and energy-driven inflation expectations, while Bitcoin’s latest performance also reflects crypto-specific conditions such as leverage, funding and ETF flows.

Their longer-term relationship is tightening. The harder question is whether that convergence persists when the same macro shock produces very different pressures inside each market.

The post Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges appeared first on CryptoSlate.

Monthly reported sums rose 18% on average, and the compounds now appear to be spreading beyond Southeast Asia.

Adam Aron says AMC Entertainment has no connection to the tokens and is putting outside securities counsel on the case.

Privacy advocates say the law raises First Amendment questions the courts have yet to address.

The projected revenue requires two contract extensions, while an option for more computing capacity could bring the total above $3 billion.

PONS, the token behind Robinhood Chain's biggest meme coin factory, flipped CASHCAT to become the chain's largest cryptocurrency by market cap—and its chart looks like a hockey stick.

$0.12 level has emerged as a key upside target from the current technical setup, potentially removing a zero from Dogecoin's price point.

Shiba Inu was close to the recovery, but a severe volume drop leaves the rally unfueled.

An active Satoshi-era wallet counters a $293B lawsuit by moving 40 BTC with a 2,571,899% gain, challenging claims of abandoned property.

The market is witnessing rise of new generation of memes and Cash Cat is leading the way.

Ripple CEO Brad Garlinghouse says the United States can still become the global “crypto capital.”.

Key Points

• International Monetary Fund verified that El Salvador didn’t deploy public funds for Bitcoin acquisitions following its June 2025 loan assessment
• Documentation from Salvadoran officials shows all cryptocurrency additions originated from private contributions
• The nation’s Bitcoin treasury currently contains 7,764 BTC, valued at approximately $628 million
• Control and majority stake of the Chivo digital wallet shifted to private sector management
• Pending IMF board approval, El Salvador stands to receive approximately $140 million in disbursements

The International Monetary Fund has verified that [[LINK_START_0]]El Salvador[[LINK_END_0]] avoided using taxpayer funds to expand its cryptocurrency treasury following the initial assessment of its $1.4 billion financing arrangement in June 2025. Official records submitted by El Salvador’s government demonstrated that cryptocurrency additions originated from private philanthropic contributions.

This verification arrives following El Salvador’s November 2025 disclosure that it obtained 1,090 Bitcoin valued at $100 million, which sparked concerns regarding potential violations of its IMF financing conditions.

The Path to El Salvador’s Expanding Bitcoin Treasury

During December 2024, El Salvador committed to restricting government involvement in Bitcoin operations as a condition of its IMF arrangement. The agreement made cryptocurrency acceptance optional for private businesses, mandated tax payments exclusively in US dollars, and required reduced governmental participation in the Chivo cryptocurrency platform.

By March 2025, IMF documentation explicitly prohibited discretionary Bitcoin acquisition by governmental entities. President Nayib Bukele responded firmly, declaring that purchases would continue and that El Salvador would maintain its strategy of accumulating a minimum of one Bitcoin daily.

El Salvador’s National Bitcoin Office maintained regular public disclosures demonstrating continued accumulation activity. The IMF stated in July 2025 that zero new Bitcoin purchases occurred since December, explaining balance increases resulted from internal governmental wallet consolidation processes.

The situation intensified with November 2025’s announcement regarding the 1,090 Bitcoin acquisition, reigniting questions about adherence to agreement terms.

The IMF’s current position references documentation from El Salvador verifying the additions represented private contributions rather than governmental acquisitions. The organization indicated no additional accumulation beyond these charitable donations is anticipated.

Private Sector Assumes Control of Chivo Platform

The IMF additionally verified that controlling interest and day-to-day management of the Chivo platform has transitioned to private sector ownership. The government retained a minority position while maintaining accountability for safeguarding customer digital assets. The IMF declined to disclose the private operator’s identity.

El Salvador pioneered Bitcoin adoption as official currency in 2021, establishing itself as the inaugural nation to implement such legislation. Chivo served as the state-supported digital wallet introduced concurrent with that historic decision.

Both parties reached consensus on measures to enhance regulatory frameworks governing cryptocurrency and to reinforce monitoring of Bitcoin maintained by governmental agencies.

El Salvador’s current Bitcoin holdings total approximately 7,764 coins. With Bitcoin trading near $80,900 per unit, the national reserve carries an estimated value of $628 million.

The newest staff-level understanding encompasses the merged second and third assessments of El Salvador’s 40-month Extended Fund Facility program. Subject to IMF executive board authorization, the agreement would unlock approximately $140 million in financial support for the nation.

The IMF provided no information identifying the private contributors or detailing individual donation amounts.

The post IMF Reveals El Salvador’s Bitcoin Holdings Grew Through Private Gifts, Not Government Spending appeared first on Blockonomi.

Key Takeaways

• Ethereum gained approximately 5% on Thursday, climbing to $2,508 and approaching the critical $2,560 resistance threshold
• Spot Ethereum ETFs in the United States recorded $141.39 million in net inflows on September 3, a sharp turnaround from the previous day’s $48 million exodus
• Bearish positions were crushed with $82.41 million in short liquidations within 24 hours, dwarfing the $20.76 million wiped from long positions
• The price surge stemmed from broader market catalysts — diminishing Iran conflict concerns and reduced expectations for Federal Reserve rate increases
• ETH maintains position above all four major exponential moving averages, with immediate targets set at $2,560 and subsequently $2,600

Ethereum posted a substantial 5% gain on Thursday, September 4, driving the price toward $2,508. This breakout followed an extended consolidation phase confined between $2,400 and $2,560 support and resistance levels.

The upward momentum wasn’t tied to Ethereum-specific developments. Instead, two broader macroeconomic catalysts influenced market sentiment. Initially, emerging reports indicated potential de-escalation in US-Iran tensions, alleviating risk-averse positioning throughout financial markets. Additionally, Federal Reserve Governor Christopher Waller dampened September rate hike speculation, stating “Give disinflation a chance. We can wait one meeting.”

Disappointing employment figures reinforced this dovish outlook. The ADP report revealed US private sector employers added merely 38,000 positions in August, falling short of the 47,000 forecast and marking the weakest performance since January. Market-implied probability of a September rate increase tumbled from 70% to 50%.

Market analyst Ted Pillows (@TedPillows) observed on X that Ethereum reached the $2,550 resistance barrier before encountering selling pressure. He suggested that a weekly closing price exceeding $2,550 might catalyze a move toward the $3,000 threshold.

ETF Capital Flows Stage Dramatic Reversal

Following a $48.08 million withdrawal on September 2, spot Ethereum ETF products experienced a significant turnaround. September 3 witnessed net inflows totaling $141.39 million. BlackRock’s ETHA product dominated with $72.07 million in new capital, while Fidelity’s FETH contributed $65.11 million. Grayscale’s ETHE continued bleeding assets with $6.07 million in outflows. Total accumulated inflows across all Ethereum exchange-traded products have reached $13.17 billion.

The correlation between ETF activity and spot market performance remained tight across both sessions, with price movements mirroring fund flow patterns nearly perfectly during both the decline and subsequent recovery.

Bearish Traders Caught in Liquidation Wave

Trading volume in ETH derivatives contracts expanded 17.84% to reach $57.18 billion over the 24-hour period. Open interest increased 5.36% to $34.13 billion. Short position liquidations totaled $82.41 million compared with just $20.76 million for long positions — evidence of an aggressive short squeeze.

However, the most recent hourly data revealed a shift in dynamics. Long positions suffered $193,090 in liquidations against only $33,200 for shorts, indicating heightened two-way volatility rather than sustained directional momentum.

Ethereum currently trades above all four key exponential moving averages. The 20-period EMA stands at $2,455.94, the 50-period at $2,438.36, the 100-period at $2,363.41, and the 200-period at $2,222.64. The upper boundary near $2,560 has consistently repelled advance attempts since August 27, including a brief spike to $2,555 on August 28 that quickly reversed.

ETF inflows reversed decisively to $141.39 million on September 3, pushing cumulative flows across all US-listed Ethereum investment vehicles to $13.17 billion.

The post Ethereum (ETH) Climbs 5% as $141M ETF Inflows Trigger Short Squeeze appeared first on Blockonomi.

TLDR

• More than 30 leveraged positions on Binance’s AKEUSDT perpetual contract were liquidated in rapid succession on Sept. 3, resulting in reported losses exceeding 5 million USDT
• The AKE token experienced an extreme price jump from approximately $0.0076 to nearly $0.045, representing a surge of about 492%
• Binance maintains that all pricing mechanisms and liquidation protocols operated correctly, attributing the event to extreme market fluctuations
• The affected trader contends the price movement was the result of deliberate manipulation rather than organic market activity
• No compensation has been provided by Binance, while the trader continues demanding complete access to trade execution and risk management data

A cryptocurrency trader has reported losses exceeding 5 million USDT following the liquidation of more than 30 positions on Binance’s AKEUSDT perpetual futures market on September 3.

The individual, identified on X as xunlu, reports that all liquidations occurred in rapid succession around 5:44 a.m. UTC+8. The trader maintains that the price movement resulted from deliberate market coordination rather than organic trading dynamics.

Details of the AKE Price Surge

During the trading session, AKE’s value jumped from approximately $0.0076 to nearly $0.045. This represented an extraordinary price increase of around 492% within an extremely compressed timeframe.

According to the trader, this abrupt price escalation eliminated his funding-rate arbitrage strategies. Such positions are structured to capture periodic payments from market imbalances rather than speculate on directional price movements.

The exchange has stated that all platform systems functioned normally during the incident. Following an internal investigation, Binance reports finding no anomalies in its pricing algorithms, risk management protocols, or liquidation mechanisms.

Understanding Binance’s Mark Price Methodology for AKE

Since Binance does not offer AKE trading on its spot exchange, the AKEUSDT perpetual futures contract derives its mark price from multiple external spot market sources.

This aggregated index approach is designed to mitigate the risk of isolated price anomalies triggering widespread liquidations. According to Binance, this methodology functioned properly on September 3.

The trader disputes this assessment, arguing that the mark price determination nevertheless led to unjustified liquidations. He has formally requested that Binance provide comprehensive trading records, complete liquidation details, and all risk-control documentation from that session.

Available aggregated spot market data confirmed significant volatility on September 3. While the peak combined spot price remained below the contract high referenced by the trader, this discrepancy has not been thoroughly clarified.

Binance characterizes the liquidations as inherent risks associated with leveraged trading during periods of high volatility. The platform has rejected the trader’s assertion of coordinated market manipulation.

The trader referenced a previous TUT liquidation incident where certain rival exchanges provided compensation to impacted traders. Binance maintains that the circumstances of these two events are fundamentally different.

To date, no regulatory authority or independent auditor has issued public findings regarding the trader’s accusations. While Binance has confirmed receipt of the complaint, the exchange has not announced any compensation arrangement.

The trader remains persistent in demanding complete transparency and full disclosure of all pertinent data from Binance related to the incident.

The post Binance Rejects Claims of System Malfunction Following $5M AKE Futures Liquidation appeared first on Blockonomi.

TLDR

• Adam Aron, CEO of AMC, condemned Robinhood for launching tokenized AMC stock without authorization or notification
• Aron described the offering as “contemptible” and “outrageous,” announcing plans to engage external securities lawyers
• The stock tokens are derivatives offering economic exposure but not genuine share ownership
• OpenAI also rejected comparable Robinhood tokens associated with the private artificial intelligence firm
• These tokens lack US securities law registration and are restricted in Canada, Switzerland, and the United Kingdom

AMC Entertainment CEO Adam Aron issued a scathing public rebuke of Robinhood on Thursday regarding tokenized stock products connected to AMC shares, emphasizing the company had zero participation and never granted approval.

“We have no connection to this at all, and do not condone it in any way,” Aron declared on X.

The executive characterized the initiative as “contemptible” and “outrageous,” confirming that AMC would engage external securities attorneys to investigate the situation.

Understanding Robinhood’s Tokenized Stock Products

The stock tokens offered by Robinhood function as derivative instruments. Holders gain economic exposure to American equities without acquiring genuine ownership of the actual shares.

These products are unregistered under United States securities regulations. They additionally encounter limitations across multiple jurisdictions, including Canada, Switzerland, and the United Kingdom.

The initial wave of these tokenized products debuted in July 2026. Jersey-domiciled Robinhood Assets issues them as ERC-20 tokens on blockchain infrastructure.

Robinhood has steadily expanded its tokenization operations. In October 2025, the platform announced intentions to tokenize approximately 500 American stocks and exchange-traded funds on Arbitrum. By February 2026, it unveiled a public testnet for Robinhood Chain, its proprietary Ethereum layer-2 network constructed using Arbitrum technology.

Previous Opposition Cases

AMC isn’t the first corporation to voice opposition. OpenAI publicly repudiated Robinhood tokens associated with the private artificial intelligence company last year, clarifying the tokens didn’t represent OpenAI equity and that no partnership or endorsement existed.

Robinhood claimed those particular tokens provided indirect exposure via a special-purpose vehicle structure.

Tokenized equity products have encountered additional challenges. In June, cryptocurrency platforms such as Bybit, Binance, Bitget Wallet, and MEXC scrapped their tokenized SpaceX IPO initiatives after xStocks, owned by Kraken, allegedly failed to secure the underlying assets.

Robinhood co-founder and CEO Vlad Tenev replied to Aron on X, requesting details about his particular concerns. The platform hasn’t released an official statement.

Cointelegraph has reached out to Robinhood for commentary regarding the regulatory standing of its tokenized equity offerings.

During July 2026, Bernstein analysts increased their valuation target for Robinhood Markets, projecting the platform’s upcoming expansion would stem from tokenized securities and prediction markets instead of conventional cryptocurrency trading.

The confrontation between AMC and Robinhood highlights emerging questions about what transpires when corporations discover synthetic representations of their securities circulating on blockchain networks without authorization.

Multiple approaches exist within the tokenized stock sector. Certain platforms maintain traditional shares through custodians and issue corresponding backed tokens. Others, including Robinhood, utilize derivative structures. A third approach involves corporations placing their own registered shares directly onto blockchain networks.

The AMC incident demonstrates that publicly listed corporations may increasingly resist as synthetic equity tokens proliferate.

The post AMC (AMC) CEO Blasts Robinhood Over Unauthorized Tokenized Stock Launch appeared first on Blockonomi.

TLDR

• On September 4, Kalshi introduced perpetual futures contracts for five cryptocurrencies: BNB, Cardano, Worldcoin, Aave, and Venice Token
• These CFTC-regulated contracts settle in U.S. dollars and feature no expiration dates
• Leverage caps vary from 1.9x on Venice Token to 4.5x on BNB
• The platform’s U.S. crypto derivatives portfolio now includes Bitcoin plus 17 additional digital assets
• An ongoing legal dispute with CME Group over contract classification continues, with the CFTC seeking dismissal

The CFTC-regulated trading platform Kalshi has broadened its cryptocurrency derivatives portfolio, introducing perpetual futures contracts for five additional digital tokens. U.S.-based eligible traders gained access to these new instruments on September 4.

This latest expansion brings BNB, Cardano, Aave, Worldcoin, and Venice Token into Kalshi’s trading ecosystem. The platform previously offered similar contracts for major cryptocurrencies including Bitcoin, Ether, XRP, Solana, and several other digital assets.

Contract Specifications and Features

Each of the newly launched contracts uses U.S. dollar margining and settlement. Market participants can establish both long and short positions without facing mandatory expiration dates.

The maximum allowable leverage differs across the five assets. BNB traders can access up to 4.5x leverage, whereas Venice Token positions are restricted to 1.9x. Greater leverage amplifies potential returns but also elevates liquidation risk when market movements prove unfavorable.

These derivatives don’t mandate actual ownership of the underlying cryptocurrencies. Instead, profit and loss calculations derive from fluctuations in each token’s benchmark price.

Branded as “American Perpetuals,” these instruments are offered through Kalshi’s CFTC-designated contract market. The platform secured approval for the new listings through submissions to the regulator’s public filing system.

Ongoing Litigation Between CME and the CFTC

Earlier this year, CME Group initiated legal proceedings against the CFTC following the agency’s approval of Kalshi’s Bitcoin perpetual contract. CME contends that perpetual instruments should fall under swap regulations rather than futures classification. This distinction carries significant weight due to divergent regulatory requirements between the two categories.

On September 2, the CFTC countered by submitting a dismissal motion in CME’s lawsuit. Agency representatives maintained that CME has no valid standing since it can list comparable instruments on its own regulated marketplace.

“This lawsuit is much ado about nothing,” CFTC lawyers stated in their submission. This represents the agency’s legal argument rather than a judicial determination.

At the time of reporting, no court date had been scheduled. Judges have yet to decide on CME’s legal standing or the proper classification framework for perpetual contracts.

Market Performance and Future Listings

Multiple tokens among the new offerings experienced price appreciation coinciding with the contract debut. BNB increased over 5% to approximately $723, accompanied by an 83% surge in 24-hour trading activity. Cardano rallied nearly 10% to reach $0.222.

Both Worldcoin and Aave registered upward momentum as well. These price movements occurred within a wider cryptocurrency market upswing and weren’t exclusively attributable to the Kalshi contract launches.

The platform has submitted additional applications to the CFTC covering Stellar, Polkadot, and Hedera. Specific activation dates for these prospective contracts remained unannounced at publication time.

The resolution of CME’s legal challenge carries significant ramifications for U.S. perpetual futures regulation. Should the court grant dismissal, CME’s objections would conclude. Alternatively, if litigation advances, judicial interpretation could establish precedent regarding whether such products belong in the futures or swaps regulatory category.

The post Kalshi Expands U.S. Crypto Futures Trading With Five New Digital Assets appeared first on Blockonomi.

The hardware wallet manufacturer revealed in a new update from September 4 that another 67,000 customers in the United States had their personal information exposed in the breach at its shipping provider, ShipMonk.

These clients placed orders between November 2019 and August 2021, meaning some of the compromised records were almost seven years old.

CryptoPotato reported last month that Trezor had initially said the ShipMonk breach affected approximately 13,689 customers. The timing was quite peculiar as it came amid the Coldcard saga, and investors’ confidence was already shaken.

12,742 of the entire amount had their names, emails, phone numbers, and shipping addresses exposed, while another 1,947 had more limited information compromised.

The latest discovery, though, shed some more worrisome light on the incident, as much older customer information remained in ShipMonk’s systems. Trezor said it had repeatedly requested – and received, written assurances from the logistics provider confirming that the data had been deleted in accordance with its contract and data policy.

“We are very disappointed that, despite receiving this confirmation, the data was not deleted in their systems,” reads the update on X.

Adding the newly identified 67,000 customers brings the known number of affected users to more than 80,000. The hardware wallet provider noted that all newly affected customers have been contacted directly by email and explained that users who have not received a notification are not believed to be impacted.

Trezor’s team emphasized that its own systems were not compromised and that its wallets remain secure. Private keys and wallet backups were not exposed in the ShipMonk incident.

However, the danger comes from criminals possessing detailed information identifying people are hardware wallet customers. The company warned affected users to be particularly cautious of fake emails, fraudulent phone calls, and physical letters.

The update also highlighted potential physical security risks, which have become a considerably more serious issue lately.

The post Trezor Breach Is Much Bigger Than Initially Thought: Another 67,000 Customers Exposed appeared first on CryptoPotato.

The wild nature of the cryptocurrency markets has returned for some major altcoins, such as the privacy coin leader, Zcash (ZEC). The token skyrocketed to a new multi-year peak of just over $1,000 earlier today.

The move caught many traders, including Garrett Jin, unprepared. Data from Lookonchain outlined his massive loss due to a short squeeze.

The analysts provided a screenshot from a wallet linked to Jin, showing that he had entered a massive short for 32,760 ZEC (currently worth over $33 million) at prices well below the current level of $444.

Given the asset’s substantial rally in the past several days, Jin had to add to his short position over time before ultimately realizing a loss of over $18.5 million.

As $ZEC broke above $1,000, Garrett Jin (@GarrettBullish) has lost over $18.5M on his 32,760 $ZEC ($33.11M) short.https://t.co/bLk5NAoS2r pic.twitter.com/YiAA6oySEo

— Lookonchain (@lookonchain) September 4, 2026

The privacy coin is among the top performers in the past 24 hours. Its daily gains stand at over 21% as of now, as its price jumped to $1,020 for the first time in eight years. Moreover, ZEC’s value has doubled since the market broke out on August 19, when it traded at around $500.

Data from CoinGlass indicated that the total value of wrecked ZEC positions is up to $36 million, meaning Jin’s wipeout accounted for half of it.

The post Garrett Jin’s ZEC Short Bleeds Over $18M as Zcash Explodes Past $1,000 appeared first on CryptoPotato.

Pi Network’s native token has soared by 11% over the past month and has recently drawn mixed price predictions.

Ethereum seems ready to post substantial gains in September, while Shiba Inu may not fare so well this month.

PI’s Next Targets

The token has rebounded by roughly 35% from its July historic bottom and currently trades at around $0.095 (per CoinGecko). It remains among the most discussed cryptocurrencies, and, as expected, many industry participants have paid attention to its recent price performance and made interesting predictions.

X user OxNeena noted that PI is holding a key support zone around $0.09-$0.10 after a long consolidation, envisioning a massive uptrend above $0.30 if bulls reclaim $0.20.

Nakamoto Files argued that “something is moving behind the scenes” at Pi Network, while CT News believes that if the next altcoin rotation reaches PI, the coin could climb much faster than most think.

“The sleeping giant may not stay asleep forever,” they added.

Meanwhile, there has been growing speculation that the team behind Pi Network intends to implement a burning mechanism that could positively impact the price. However, the X account BSCN and other users rejected the development.

ETH in September?

The second-largest cryptocurrency jumped by nearly 5% over the past 24 hours, once again exceeding the psychological $2,500 mark. Some important factors, including strong demand from institutional investors, suggest that the coming weeks may deliver further gains.

SoSoValue’s data shows that spot ETH ETFs posted 12 consecutive green days before the run paused on September 2. The momentum quickly returned, with the following 24 hours adding another strong inflow.

The amount of ETH stored on cryptocurrency exchanges is another bullish element. Several days ago, the figure plunged to roughly 14.9 million coins, the lowest since the summer of 2016. Later on, there was a slight move north, yet the total remains below 15 million. Such a development signals that many investors prefer to avoid centralized platforms, thereby reducing immediate selling pressure.

At the same time, Ethereum’s seasonal performance serves as a warning. The asset has ended 7 of the past 11 Septembers in the red, and there hasn’t been a year in which both August and September closed with gains. Recall that last month delivered a 32% price increase for ETH.

SHIB’s Perspective

Unlike ETH, the self-proclaimed Dogecoin killer appears more likely to underperform in September than to post a major rally. The worrying signals include Shibarium’s stalled activity, the declining burn rate, and others.

Moreover, September has been a predominantly poor month for SHIB, with its valuation finishing the timeframe in the red three out of five times.

There is still a glimmer of optimism. Back in 2021, both August and September closed in the green, giving the SHIB Army hope that history could repeat itself, especially since the meme coin pumped by 7.5% last month.

The post Recent Pi Network (PI) Price Forecasts, Ethereum’s (ETH) Potential, and More: Bits Recap September 4 appeared first on CryptoPotato.

The largest altcoin is on the move again alongside the rest of the market, surging by over 4% daily to $2,150 as of press time. It even tapped $2,530 earlier today before it was stopped.

Its market cap has risen to well over $300 billion, but this has provided some market participants with a proper exit opportunity.

Lookonchain has repeatedly reported on a major whale who has been disposing of their ETH tokens for days. The selling spree began at the start of the month, when the unknown entity received $408 million worth of the altcoin before transferring $174 million to exchanges.

The deposits continued in the following days, with another major transfer of $253 million to multiple trading platforms. The latest was reported earlier today, which culminated in the sale of all 167,855 tokens ($408 million), meaning that the whale has disposed of the entire ETH fortune in just five days.

Insane!

This mysterious #Ethereum whale has sold off all 167,855 $ETH($408M) in the past 5 days.https://t.co/PdCiRP6taI pic.twitter.com/YbajyBEhLf

— Lookonchain (@lookonchain) September 4, 2026

Despite this substantial sell-off in just days, the underlying asset has rebounded swiftly from its dip below $2,400. It’s up by more than 4% daily and now sits above $2,500 with a market cap of $305 billion.

Its market dominance has also increased lately, going past 11% on CoinMarketCap.

The post Ethereum Whale Keeps Offloading as ETH Price Rockets Past $2.5K appeared first on CryptoPotato.

Bitcoin, once again, climbed above $80,000 after surging by 4.3% on Friday. The recent strength comes as a welcome change, as the crypto market spent much of the third quarter under pressure before a sharp rally in late August changed the tone. BTC, for one, recorded its strongest monthly gain since November 2024, which led some investors to believe the bear market may have ended.

But according to Fidelity, there is no guarantee that’s the case yet.

Possible November Bottom?

One factor in focus is Bitcoin’s historical four-year market cycle. The crypto asset has generally formed major bear-market bottoms and bull-market tops about four years apart. Since the previous bear market bottom came in November 2022, this pattern could point to another potential low around November 2026 if the cycle continues.

While Fidelity stressed that the four-year cycle is not guaranteed to repeat and that Bitcoin’s bottom may already have occurred in July, it still speculated that the cryptocurrency could fall again and set another low in November or later.

There are several catalysts that could also influence whether the crypto bear market ends. The financial giant pointed to more crypto-friendly regulation, changes in government monetary policy, the emergence of an unexpectedly popular crypto use case, and increasing institutional adoption. Price volatility is another factor the firm is watching.

Bitcoin’s previous bear markets have historically ended with a period of relatively low volatility followed by higher volatility and an upward expansion in price. Fidelity said the market experienced relatively low volatility from June through mid-August, which indicated that sellers may have become exhausted.

During that period, its analysis showed BTC and other crypto assets were trading toward the lower, or “value,” end of their historical price ranges. In late August, volatility increased sharply, with Bitcoin rising more than 25% during the third week of the month. Ethereum gained around 34% over the same period, while Solana rose 28%. Fidelity said this price behavior does not confirm that the bear market is over, but it is consistent with one possible historical pattern.

Meanwhile, events that might normally have pushed prices lower, including the Coldcard hardware wallet security exploit and the stalling of the CLARITY Act, did not result in further declines. This could support the narrative that cryptocurrencies are near a market bottom and may now be waiting for a new positive catalyst.

Crypto adoption continued to expand despite weak market sentiment. Bitwise Investments reported in early July that stablecoin transaction volume had reached 2.3 times Visa’s volume. MetaMask also reported in July that the real-world asset market had grown faster in 2026 than in any previous year.

Fidelity said this created a disconnect between adoption and prices, as activity in parts of the crypto industry kept increasing while the overall market remained in a bear market. The recent recovery could indicate that adoption and price have started to “recouple” again. An exact pattern occurred during the 2021-2022 bear market and the subsequent new bull market that began in late 2022.

CLARITY in Focus

Regulation remains another key factor for the market. The industry is still awaiting further action on the CLARITY Act, which aims to create a broader US regulatory framework for digital assets and clarify the responsibilities of federal regulators. The bill has passed the House but remains under consideration in the Senate, which leaves its timing and outcome uncertain.

The SEC also proposed Regulation Crypto Assets, which would address when certain early-stage crypto asset offerings could qualify for exemptions from securities registration requirements. The proposal is still subject to public comment and is not final, but Fidelity described it as an important step toward a more “tailored regulatory approach.”

The post Bitcoin Is Back Above $80,000, But Fidelity Says the Bear Market May Not Be Over Yet appeared first on CryptoPotato.