Chilean crypto exchange Orionx began permanently closing its operations on Sept. 3 after a forensic audit identified a custody shortfall exceeding $7 million. Summary Orionx began permanently closing after an audit found over $7 million missing from custodial wallets. Customer withdrawals remain suspended while Orionx calculates balances and prepares its planned asset restitution process. Chile’s…
Although it was stopped at $82,400 earlier this week, BTC at $80,000 is actually a lot better than it should be, at least in theory. Bitcoin tried and failed on several occasions to decisively break above the crucial $80,000 level, but perhaps the more important question is why it hasn’t dumped much further. After…
Federal Reserve researchers proposed a framework on Sept. 4 for deciding how stablecoins and other blockchain-based financial products could fit within U.S. money supply statistics. Summary Federal Reserve researchers said payment stablecoins could eventually qualify for inclusion within M1 or M2. Everyday payment use would support M1 classification, while short-term value storage would point toward…
Binance Futures launched two USDT-settled perpetual contracts on Sept. 6, adding markets for Pons (PONS) and the Chinese meme coin 哈基米, commonly rendered as Hajimi. Summary Binance Futures launched PONSUSDT and HajimiUSDT perpetual contracts on September 6, settled entirely in USDT. Both contracts trade continuously, require five USDT minimum notionals and settle funding every four…
Bitcoin has frequently been criticized for behaving more like a leveraged tech stock rather than ‘digital gold,’ but this hasn’t been the case lately. The correlation between the leading cryptocurrency and the largest financial asset, gold, has climbed to its highest level since the 2020 pandemic, while its relationship with the Nasdaq has weakened…
Poland’s Sejm has fallen 25 votes short of overriding President Karol Nawrocki’s third veto of a crypto regulation bill, with 241 lawmakers supporting the measure against the 266 required. Summary The Sejm voted 241–198 to override Nawrocki’s veto, while three lawmakers abstained. Passing the bill again required a three-fifths majority, or 266 of the 442…
XRP’s case is even more interesting than bitcoin’s, it said. The monetary landscape in the United States changed in the past week or so, first after the hawkish stance taken by the current Federal Reserve Chairman, Kevin Warsh, and then following last Friday’s strong US jobs report. As such, the expectations have changed, with…
U.S. spot Bitcoin and Ethereum exchange-traded funds attracted a combined $1.20 billion during the trading week ending Sept. 4, with Bitcoin products accounting for more than 80% of the total. Summary Spot Bitcoin ETFs recorded $986.7 million in weekly net inflows. Ethereum ETFs added $215.3 million, down sharply from the previous week. BlackRock’s Bitcoin funds…
Bitcoin remains locked in a post-breakout consolidation phase, but the latest rejection from the upper end of the structure shows that buyers are still struggling to generate sustained momentum above $80K. The broader trend remains constructive, although the current range leaves BTC vulnerable to further liquidity-driven swings before its next directional move. Bitcoin Price Analysis:…
Robinhood Chain has set a daily fee record of $6.04 million, lifting its seven-day annualized revenue rate to approximately $1.1 billion as memecoin trading and token launches drive network activity. Summary Robinhood Chain generated $6.04 million in fees and retained $5.44 million in daily revenue. Seven-day revenue reached $20.33 million, equal to an annualized rate…
