Crypto News Daily

Tether sued over frozen ‘pig butcher’ coins, 6,600 students get crypto loans: Asia Express

Thai businessmen sue Tether over $42M frozen USDT tied to pig butchering scam, Aussie crypto firms face big fines unless they meet licensing deadline.

Parked Coldcard loot begins moving as attacker routes $1.6M in stolen Bitcoin to Ethereum

Bitcoin flagged by blockchain data provider Bitquery as linked to the 2026 Coldcard hardware-wallet theft crossed into Ethereum this week after a tracked 20.5 BTC stash began moving. The route shifted the case from a largely parked stash to an active cross-chain trail. The Sept. 2 activity began whe...

Bitcoin back above $77,500, XRP leads majors as Fed hike odds slide to 62%

Every major token is green over 24 hours, though only zcash and hyperliquid are holding gains on the week.

Thailand puts private wallets and offshore crypto transfers on notice in a major new crypto rule

Thailand’s Securities and Exchange Commission has issued a Travel Rule that will require supervised crypto platforms to collect and transmit information identifying the people or entities behind coin transfers. The regulator announced the rule on Sept. 2, and an associated notification is dated Aug....

Standard Chartered launches spot Bitcoin and Ether trading in UAE

Standard Chartered said it is the first major global bank to offer institutional access to spot Bitcoin and Ether trading in the UAE region.

Nvidia buys Hugging Face for $12.9B in push into AI software

Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models.

How FBI turned Hamas’ crypto fundraising pipeline into a law-enforcement trap

The US Federal Bureau of Investigation (FBI) seized Hamas-linked fundraising infrastructure and used it to intercept cryptocurrency donations intended for the group. Earlier this week, the Justice Department said the operation followed earlier court-authorized seizures that traced and recovered more...

Bitcoin keeps whipsawing around $77,000, and ETF investors are doing the same

US spot Bitcoin ETFs returned to inflows Wednesday, extending a four-session pattern of investors repeatedly switching between buying and selling. Data from SoSoValue shows that the funds attracted $101.2 million on Sept. 2 after losing $236.5 million a day earlier. That followed $216.7 million in i...

Bitcoin reclaims $80K as DXY falls amid continuing suspected yen intervention

Bitcoin rallied 5% to reclaim $80,000 as the US dollar weakened amid a suspected Bank of Japan currency intervention, though analysts remain split on the impact.

Crypto market cap surges to $2.82 trillion as Zcash leads rally alongside stocks

Crypto and related stocks like Strategy rallied as bitcoin topped $80,000 and Fed rate expectations remained split.

Australia warns unlicensed crypto firms of fines up to 10% of annual turnover

ASIC has recorded more than 45 digital asset-related license applications as its temporary enforcement relief approaches Sept. 30 expiration.

Australia is cracking down on crypto businesses as its strict new regulatory deadline nears

Firms that miss the deadline could breach financial services law from Oct. 1 and face civil or criminal penalties.

Standard Chartered brings spot crypto trading to Dubai FX platform

The bank is now offering institutional crypto spot trading in the region, bringing BTC and ETH onto the same eFX rails that institutions use to trade dollars and euros.

Bitcoin Pumps as Fed Signals Rate Pause, $415 Million in Shorts Get Rekt

Stocks and crypto rallied together after Governor Christopher Waller said he could back holding rates steady, with short sellers absorbing the brunt of the squeeze.

Revolut takes ‘important’ step toward becoming a US bank with conditional OCC approval

Revolut says it has received preliminary approval from a key U.S. banking regulator as it seeks to become a bank in the country.

OpenAI Releases GPT-6 Astra: The Closest AI Model Yet to AGI

The model can independently discover and exploit unknown security flaws across hardened systems, triggering a staged rollout and White House review before public access.

Nearly $10 million must escape a dying Ethereum L2 network before New Year’s Eve or risk becoming unrecoverable

Silicon Network is shutting down with nearly $10 million still on-chain, giving users until year-end to exit. The Ethereum layer 2 stopped accepting new bridge deposits and ended its network on Sept. 2, starting a withdrawal period that runs through Dec. 31. Silicon said its explorer and network wil...

Michigan court orders Kalshi to keep blocking sports prediction markets

The injunction converts a temporary restraining order issued in June, and violations would result in a fine of $500,000 per day.

Ontology forces urgent node upgrade after restarting chain hit by malicious activity

Ontology said its mainnet resumed normal operation on Sept. 2 after an emergency security pause and told every sync-node operator to upgrade to version 3.1.5. Sync nodes are infrastructure that keep their copy of the blockchain synchronized with the network. The restoration notice says the new softw...

Michigan Judge Bars Kalshi Sports Bets, Threatens $500K Daily Fine

The order calls the prediction market platform a sports betting operation "masquerading as an investment opportunity."

TrueUSD’s $456M court case gives defendant days to reveal legal funding source – or face court sanctions

A Dubai court has given Matthew William Brittain until Sept. 7 to explain where money used for legal and advisory bills ultimately came from in a dispute over $456 million connected to TrueUSD reserves. The Sept. 1 order adds a near-term disclosure deadline to proceedings in the Dubai International ...

Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb

Bitcoin trades near $77,381, and Glassnode says 68% of circulating supply now sits in profit at this level, up from 65% when BTC traded here in May. That three-point gap works out to roughly 600,000 additional BTC, an estimate worth about $47 billion at current prices, that could be sold for a gain ...

Bitget in talks with Wall Street giants including BlackRock to fuel Asian distribution

Gracy Chen highlighted the world's largest asset manager as one example of such a firm seeking to expand distribution of their tokenized ETFs in the region.

SoFi Links Banking Network and Stablecoin to Kraken in New Deal

Kraken will list SoFiUSD and gain access to SoFi’s round-the-clock dollar settlement network, while Kraken Prime will execute trades for SoFi’s crypto customers.

Hyperliquid treasury company increases token buying strategy to $2.5 billion as shares run out

Hyperliquid Strategies, a Nasdaq-listed company using equity sales to build a treasury of Hyperliquid's HYPE token, has expanded its committed-equity facility with Chardan Capital Markets to $2.5 billion from $1 billion. Related Reading A $1 billion HYPE treasury bet to hit public markets before kno...

Coinbase seeks SEC greenlight to list 24/7 equity perpetuals

Coinbase, the largest U.S. based crypto exchange, is seeking to list 24/7 equity products as perpetual gain momentum.

Bitcoin Miner Ditches Site for AI Deal That Could Top $1.2 Billion

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

How stablecoins are quietly becoming the Fed’s debt buyer of last resort

Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation as a tool of dollar statecraft. US rules can st...

Coinbase co-founder joins rush for Venezuelan oil assets under new US-backed framework

Coinbase co-founder Fred Ehrsam's separate Venezuela investment firm, Primavera, is reportedly pursuing three oil assets as the country reallocates energy projects under a US-backed restructuring. Reuters reported on Sept. 2 that Primavera was among companies expected to sign Venezuelan energy agree...

Bitcoin cannot break out past $80,000 until it devours an 880k BTC roadblock that choked every rally

Bitcoin is testing a roughly $68 billion breakeven wall that has repeatedly stalled its push back above $80,000. About 880,000 BTC carry a cost basis between roughly $77,500 and $80,300, leaving a large group of holders close to where they originally bought, Bitfinex Alpha data shows. Data from Cryp...

Robinhood put stocks on a permissionless blockchain- memecoin traders are stress-testing what happens next

Memecoins paired against Robinhood's tokenized stocks generated $217 million of trading volume on Robinhood Chain on Sept. 2, according to data compiled by on-chain researcher Adam Tehc. The volume outpaced the $127 million that traded through direct stock token markets that same day. Traders are us...

CFTC Asks Judge to Dismiss CME Lawsuit Over Crypto Perpetual Futures

The regulator argues that CME cannot challenge its approval of Kalshi’s Bitcoin perpetual contract without showing concrete financial harm.

Kalshi’s new oil contract promises non-stop exposure, but a hidden flaw could expose traders to massive weekend shocks

Kalshi, the US-regulated exchange that won approval for a Bitcoin perpetual in May, is preparing to ask the Commodity Futures Trading Commission to approve a perpetual futures contract tied to West Texas Intermediate crude oil, Reuters reported on Sept. 2. If approved, it would be the first oil perp...

Bitcoin ETFs Rebound as Ethereum and XRP ETFs End Winning Streaks

Ethereum funds broke a 12-day winning run and XRP snapped an 11-session streak on Wednesday, while Bitcoin ETFs bounced back with $101.15 million in one day after their worst outflow since July.

Michigan authorities continue pursuit to block Kalshi as Supreme Court fight looms

Kalshi previously said it had been placed in an “impossible position” after federal authorities directed the company to ignore a Michigan restraining order issued in June.

CFTC files to dismiss CME lawsuit over crypto perpetual futures

The CFTC’s lawyers called the lawsuit “much ado about nothing,“ claiming that the CME Group lacked standing to file and argued against its claims over crypto perpetual futures.

Utah Becomes First State to Target VPNs in Age-Verification Crackdown

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

Coldcard hacker swaps stolen Bitcoin for ETH via THORChain

The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address.

What Solana’s failed fee vote reveals about Anatoly Yakovenko’s power

The Aug. 28 Solana fee vote on SGP-0003 produced an unusual result: a majority of participating stake supported the reform, yet the proposal failed. The outcome offers the clearest evidence so far that co-founder Anatoly Yakovenko can shape the network’s economic agenda while validators and stakers ...

This Japanese company made money on Ethereum, Solana, and XRP, but sold them anyway to keep its $121 million Bitcoin holdings

Remixpoint sold all of its Ethereum, Solana, XRP, and Dogecoin holdings, leaving Bitcoin as its only cryptocurrency asset. The Japanese company generated ¥878.8 million, or about $5.5 million, from the Sept. 1 sales and booked a net gain of about ¥117.8 million, or roughly $737,000, according to a r...

‘Much ado about nothing’: CFTC files to dismiss CME’s lawsuit over crypto perpetual futures

The CFTC said CME lacks standing on its competitive-injury claims, as the exchange is free to list perp futures as a DCM.

Dogecoin becomes only losing bet for Japan-listed firm as it sells altcoins for bitcoin

Remixpoint booked gains on ether, solana and XRP, but sold DOGE below its fiscal-year opening value as it concentrated its crypto holdings in bitcoin.

Hyperscale Data ends Michigan BTC mining as holdings fall 79%

Hyperscale Data’s Bitcoin holdings have fallen about 79% since late July to 215 BTC as it redirects capital toward its Michigan AI data center.

Ether, XRP ETF inflow streaks end as Bitcoin funds rebound

Ether ETFs posted $48 million in outflows after attracting $1.62 billion over 12 trading days, while XRP funds ended an 11-session inflow run.

CFTC asks judge to dismiss CME lawsuit over crypto perpetual futures

The regulator claims the dispute is "much ado about nothing," noting that the order allows any designated contract market, including CME, to list these products.

SoFi, Payward agree to link banking network with Kraken infrastructure

SoFi Technologies partnered with Payward to connect its banking settlement network with Kraken's digital-asset infrastructure.

SoFi, Kraken tie up as crypto and banking push into each other's turf

Kraken is joining SoFi's settlement network and list SoFiUSD as the companies link traditional banking with crypto markets.

VARA, Securitize sign MoU for tokenization innovation in Dubai

VARA and Securitize signed an MoU to foster more tokenization innovation in Dubai and explore how tokenized financial innovation should be regulated in the region.

A memecoin making app becomes crypto’s top fee generators as Robinhood Chain activity explodes

Users paid nearly $6 million in a day to create and trade tokens through Pons, more than they paid to use Pump or Hyperliquid, and even more than they paid to use Robinhood Chain itself.

Stablecoin payments infrastructure startup Diameter Pay raises $10 million

Diameter Pay has raised $10 million in a Series A funding round co-led by CMT Digital and Lightspeed Faction.

Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement

The deal will bring SoFiUSD to Kraken, connect Payward to SoFi’s 24/7 dollar settlement network and give SoFi access to digital asset liquidity through Kraken Prime.

Bitcoin may be leaving its 4-year cycle behind for a 6-to-8-year Wall Street rhythm

Bitcoin may be slipping beyond its four-year cycle as institutional capital and macro liquidity gain influence over price. On Sept. 3, Bitcoin analyst Willy Woo said that Bitcoin could be moving toward a 6-to-8-year rhythm tied more closely to traditional finance’s short-term debt cycle than to its ...

Bitcoin’s fabled golden cross is coming. And USDT may be the real signal this time

BTC is nearing a bullish golden cross, a widely tracked signal with a mixed record of success in crypto markets. But this time, USDT is supporting the bullish read.

Ukraine Busts Kyiv Crypto Drainer Ring Moving Up to $1M Monthly

Fake investment ads on Telegram channels funneled EU victims to a lookalike exchange that emptied their wallets.

Bitcoin recovers toward $78,000 as pons and arbitrum extend Robinhood Chain rally

BTC rose 0.76% since midnight as a softer dollar lifted equities and metals alongside crypto, while ARB and PONS pushed higher for a third session.

Catastrophe bonds may join tokenization rush, with plans for test issuance in 2027

A law firm and a tokenization platform say their proposed structure would give investors legal ownership of cat bonds onchain and could lower the minimum investment.

Kalshi seeks CFTC approval for WTI crude perpetual futures: Report

Kalshi reportedly plans to file for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week without an expiration date.

Live updates: Bitcoin shrugs off higher oil prices as Japanese yen rallies

Bitcoin is back above $77,500 with every major green on the day, though the week still reads red. Global investors are carrying their lowest currency protection on U.S. assets in a decade.

Bitcoin-gold correlation hits six-year high, but analysts question whether equity decoupling will last

Glassnode is less convinced by bitcoin's recent divergence from U.S. equities, saying similar moves have previously been short-lived.

Bybit Pay integrates with Mesh to expand crypto payments

The integration lets Bybit users spend digital assets directly from their exchange balances across Mesh-powered platforms.

Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network

Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network’s reward-sharing structure.

The yen is surging and it’s helping bitcoin, for now

Yen's rise has led to a broad-based USD weakness, driving the Dollar Index lower. BTC and gold are loving it, for now.

Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system

Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH. Nearly six months later, that application remains pending, while federal regulators have spent the ...

BitMEX co-founder contributed 75% of Reform UK’s donations in Q2 2026

The UK political party and its leader, Nigel Farage, have accepted contributions from figures tied to the crypto industry, raising questions about potential influence on policies.

ChatGPT, Claude and Grok Outages Leave Users Asking How to Work Without AI

The three AI platforms restored service Thursday after users said the simultaneous disruptions brought their work to a halt.

BIS shows why real institutional adoption on XRP Ledger won’t trigger the XRP supply squeeze holders expect

The Bank for International Settlements released a working paper on Sept. 2 describing a prototype for checking the authenticity of official statistics. The system turns a statistical file into a cryptographic fingerprint, anchors a summary of those fingerprints on XRP Ledger, and lets a recipient co...

Pencil Finance completes $1M onchain lending cycle for 6.6K students in Southeast Asia

Pencil Finance said that its first-of-a-kind loan offered financing to 6,600 students in Southeast Asia who were underserved by traditional lenders.

Recovery specialists crack $1B crypto wallet... but find just $10

Crypto recovery specialists reveal how lost wallets, passwords and seed phrases can sometimes be recovered — but that’s of no help if the money was never there in the first place.

Crypto for Advisors: Why crypto earnings reports can be misleading

Strive CEO says company could end 2026 as second-largest public bitcoin holder as ASST climbs

Strive shares climbed to a year-to-date high of $26.84 on Thursday, placing the stock less than 1% below the warrants’ exercise price.

Bernie Sanders Pushes Bill to Ban Advanced AI Development

The forthcoming bill would pause advanced AI development, create a federal regulator, and threaten violators with up to 20 years in prison.

Morning Minute: Strategy CEO Says Selling The Bottom Was Correct Move

Strategy sold millions in Bitcoin in the low $60k range and just rebought at $80k. Now they’re sharing the rationale behind the moves.

What Is Pons? The Robinhood Chain Meme Coin Factory Token Up 18,000% Since July

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.

Mamdani Imposes One-Year Moratorium on Generative AI in NYC Schools

Nearly 600,000 students lose access to generative AI tools, while five named vendors keep metered pilots running in high schools.

FX has stopped reading bond yields the old way. Bitcoin should too.

Your day-ahead look for Sept. 3, 2026

Sony Dismisses PS5 Buyers' $508M Tariff Refund Claim as 'Illogical'

The company raised PlayStation prices for a second time in March, five weeks after the tariffs were struck down.