Crypto Industry News & Market Trends

One Vanguard ETF Is Betting Big on SpaceX, But Is 20% Too Big a Bet？

The Vanguard Communication Services ETF (VOX) has increased its stake in Space Exploration Technologies (SpaceX) by 85.2% in two months. That stake could eventually grow to as much as one-fifth (20%) of the fund once SpaceXs shares fully unlock.　　VOX held 632,077 SpaceX (SPCX) shares on June 30, a total that reached 1,170,398 by Aug. 31. That makes SpaceX the funds eighth-largest holding, though Vanguard has not disclosed the exact share of VOX it now represents.　　Is This SpaceX Concentration a Problem Hiding in Plain Sight？　　SpaceX debuted on the Nasdaq on June 12, 2026, with only about 5% of its shares available to trade. Each new share unlock since then has expanded that float and, with it, SpaceXs weight inside float-based indexes.　　The Nasdaq-100 weights SpaceX using a multiple of its float, not its full market cap. That formula applies until the float grows large enough. As more shares unlock, the float grows, and so does SpaceXs index weight.　　SpaceXs performance has been far from impressive in its entire lifetime. Image Source: Trading View　　VOX has ridden that mechanic more aggressively than its Vanguard peers. Other Vanguard funds have barely touched SpaceX by comparison.　　A Payoff Has to be Coming？　　SpaceX has not cracked the top 50

09-21Industry

Strategists Say Market's Wall of Worry' Is Healthy, Not a Warning Sign

Wall Street just climbed what strategists are calling a wall of worry, absorbing a month of surging oil prices and rising Treasury yields without cracking. That resilience should not be mistaken for calm.　　Oil is up roughly 30% and the 10 year Treasury yield has climbed about 40 basis points in a month. Stocks have barely budged despite it.　　The Wall Of Worry Behind Flat Stock Markets　　The 10 year yield pushed above 5% after the Federal Reserves September rate hike. Fed Chair Kevin Warsh has flagged persistent inflation risks since.　　Discover more　　Digital Currencies　　Distributed & Cloud Computing　　Ethereum market analysis　　CNBCs Mike Santoli noted the S&P 500 is hovering near the roughly 6,720 level it hit in June. The index is essentially unchanged despite the pressure.　　Amy Raskin, chief investment officer at Chevy Chase Trust, called that steadiness a sign of underlying strength.　　She said momentum has slowed considerably. She expects stocks to churn until uncertainty around AI spending, the Fed, and geopolitical conflicts resolves.　　A Broadening Rally Masks A Bigger Bet　　Jim Lebenthal, a partner at Cerity Partners, said the flat headline number hides a healthier rotation underneath it.　　As AI momentum names cool, healthcare, energy, and financials have picked up the slack.　　“I think thats healthy, quite frankly, the broadening

09-21Industry

Robinhood CEO Says Crypto Event-Contracts Will Overtake Sports Markets

Robinhood (HOOD) Chairman and CEO Vlad Tenev told CNBC‘s Jim Cramer that crypto event-contracts are already grabbing an outsized share of the platform’s prediction markets business, and he expects sports wagers to fall into the minority within just a few years.　　Prediction markets have become one of the fastest-growing corners of US trading over the past year, with CME, Kalshi, Coinbase, and decentralized platforms all competing for a share of the event-contract boom. Crypto-linked contracts have grown alongside them, largely outside the sports-betting battles now working through the courts, giving Robinhoods newest product line room to expand fast.　　Why Sports Contracts Are Losing Ground　　Speaking on “Mad Money,” Tenev pushed back on the idea that event contracts, yes-or-no trades on the outcome of a future event, are just a rebrand of sports betting.　　Discover more　　Compare Exchange Rates　　Crypto tax software　　Financial technology news　　“Were already seeing other categories like crypto taking a disproportionate share. And I think within a few years, sports will actually be in the minority.”　　Vlad Tenev, CNBC　　Sports-linked event contracts have become prediction markets most contested corner. New York sued Kalshi in July, seeking more than $36 billion in damages and a nationwide ban on its event contracts, while Baltimore separately sued Kalshi and Polymarket

09-21Industry

Nvidia's Jensen Huang Beats Zuckerberg, Bezos for Trump's AI Favor as Stock Climbs

Nvidia (NVDA) CEO Jensen Huang has emerged as President Donald Trump‘s most trusted voice on artificial intelligence policy, edging out rivals like Meta’s Mark Zuckerberg and Amazon‘s Jeff Bezos for the president’s favor.　　Trump publicly backed Huang during a live phone call at the All-In Summit, a Los Angeles tech and venture capital conference, dismissing warnings that artificial intelligence poses existential risks. Trump has separately called mounting AI safety concerns a hoax, a stance that lines up with Huangs own dismissal of the warnings.　　Trumps Widening Circle of Tech Allies　　Zuckerberg and Bezos have also courted Trump this term. Experts say Huang wields more influence, since Nvidia sits atop the AI supply chain. He is expected to join Trumps state dinner for Xi Jinping this week.　　Huang has appeared alongside Trump at least six times since the second term began. Their joint trips have included Saudi Arabia, the U.K. and China.　　“Trump just likes winners, and Jensens very good at speaking his language.”　　Said Samuel Hammond, director of AI policy at the think tank Foundation for American Innovation　　Treasury Secretary Scott Bessent told lawmakers last week that Trump‘s stance on artificial intelligence is closely aligned with Huang’s.　　A Split Over AI Safety　　Huangs dismissal of safety warnings puts him

09-21Industry

North Korean fake recruiters infect 30K devices, steal $10.7M in crypto

North Korean hacking group WaterPlum stole at least $10.7 million by posing as recruiters for legitimate crypto and AI companies, attacking unsuspecting job seekers with malware.　　The group, also known as Contagious Interview, targets software developers and IT professionals worldwide, according to a joint advisory from Japan, Germany, Australia and the US. Authorities said the fake recruiters impersonated legitimate AI, cryptocurrency or non-fungible token (NFT) companies and also used recruiting services.　　“The primary targets were individual web designers, engineers, and specialists in cryptocurrency, blockchain, and Web3 technologies,” they added.　　The advisory also links WaterPlum to North Korea‘s broader campaign of placing IT workers inside foreign companies, with Japanese and US authorities assessing that WaterPlum actors and some North Korean IT workers operate under North Korea’s Munitions Industry Department.　　According to the advisory, WaterPlum lured job seekers through social media platforms, online job platforms, gig work platforms or freelance marketplaces. During the recruitment process, victims were instructed to download and execute malicious files disguised as coding assignments or fixes for video-conferencing errors.　　Related: North Korea using foreign talent to help infiltrate US companies: Report　　Once the cyber actors obtained backdoor access to a victims computer, they used remote-access trojans and infostealing malware to exfiltrate sensitive data and

09-21Industry

Massive French Data Leaks Spark Surge in Fake Crypto Support Calls

Key TakeawaysMassive data leaks in France enabled scammers to impersonate crypto exchanges and steal from panicked users.Scammers falsely warn users their accounts are compromised, tricking them into sending crypto to thieves.An August tax agency breach exposed 678K citizens, escalating a broader rise in violent French crypto crimes.　　Crypto Call Scams Rise in France, Says Crypto Entrepreneur　　The recent data leaks in France seem to have prompted a rise in the number of crypto scam attempts targeting customers of legit crypto exchanges.　　Owen “Hasheur” Simonin, founder and CEO of Meria, a French crypto platform, has recently warned about the rise of these attacks on social media, stressing that he had personally heard about fraudulent calls where scammers impersonate customer service staff from legit platforms like Binance or even Meria.　　“We‘re going through a phase where data leaks are piling up in private companies as well as in the public sector: all these leaks intersect. That’s how we identify crypto holders and the platforms they use,”he declared, linking the surge of these scams with the recent data leaks that have affected millions of French citizens.　　Discover more　　Daily crypto news　　Bitcoin mining hardware　　Public Finance　　The threat actors executing these scam calls use the same playbook: they alert users that their

09-21Industry

CASHCAT falls 30% - But this same support level has historically triggered rallies

CashCat [CASHCAT] lost its momentum as the memecoins price dropped significantly following capital shrinkage across the broader cryptocurrency market. The asset has since plummeted roughly 30% within the past 24 hours.　　The chart shows that the decline followed a breach of a structural horizontal resistance line, while the asset has now traded into the support level of a broader rising bullish channel.　　Overall, the price analysis of the chart shows that the asset is trading within an overall bullish pattern, oscillating between the upper resistance and lower support levels.　　Source: TradingView　　The support level into which the price has now traded has been a key catalyst for a rally on more than one occasion. With the price trading into this zone, there is a high chance of a rebound if the fractal pattern continues to hold.　　MFI rises as bears maintain market control　　The bears still hold control over the market, with data from the chart showing that the Bull Bear Power, which determines which side of the market is in control, shows that bears are dominant.　　The red histogram bar formed on the chart shows that there is a clear concentration among bears in the market. In fact, this is the highest level of bearish influence

09-21Industry

North Korean Fake Recruiters Steal $10.7M in Crypto

North Korean hacking group WaterPlum stole at least $10.7 million by posing as recruiters for legitimate crypto and AI companies, attacking unsuspecting job seekers with malware.　　The group, also known as Contagious Interview, targets software developers and IT professionals worldwide, according to a joint advisory from Japan, Germany, Australia and the US. Authorities said the fake recruiters impersonated legitimate AI, cryptocurrency or non-fungible token (NFT) companies and also used recruiting services.　　“The primary targets were individual web designers, engineers, and specialists in cryptocurrency, blockchain, and Web3 technologies,” they added.　　Discover more　　Ethereum staking service　　Secure crypto storage　　Public Finance　　The advisory also links WaterPlum to North Korea‘s broader campaign of placing IT workers inside foreign companies, with Japanese and US authorities assessing that WaterPlum actors and some North Korean IT workers operate under North Korea’s Munitions Industry Department.　　According to the advisory, WaterPlum lured job seekers through social media platforms, online job platforms, gig work platforms or freelance marketplaces. During the recruitment process, victims were instructed to download and execute malicious files disguised as coding assignments or fixes for video-conferencing errors.　　Related: North Korea using foreign talent to help infiltrate US companies: Report　　Once the cyber actors obtained backdoor access to a victims computer, they used remote-access trojans and infostealing

09-21Industry

Robinhood Engineers Charged After Allegedly Trading Crypto on Secret Listing Information

Two engineers allegedly turned confidential Robinhood crypto listing plans into profitable Hyperliquid trades, according to newly unsealed complaints.　　Two Robinhood engineers have been charged in the US over an alleged crypto trading scheme involving confidential company information.　　The US Department of Justice said Hefu Chai and Huaisong Xiang allegedly used non-public information from Robinhood to trade crypto perpetual futures on Hyperliquid.　　Trading on Confidential Data　　According to complaints unsealed by the Southern District of New York, Chai and Xiang had access to information about upcoming cryptocurrency listings on Robinhood Crypto. Prosecutors allege that they used that information before the listings were announced to the public.　　The two engineers allegedly bought perpetual futures linked to tokens that Robinhood was preparing to list. They traded on Hyperliquid before Robinhood made the listings public. The DOJ said both men repeatedly followed this pattern between 2025 and 2026. Each defendant allegedly made more than $50,000 from the trades.　　The DOJ has charged both Chai and Xiang with commodities fraud and wire fraud. The commodities fraud charge carries a maximum sentence of 10 years in prison. The wire fraud charge carries a maximum sentence of 20 years.　　Chai, 36, is from Menlo Park, California. Xiang, 30, is from Jersey City, New Jersey.

09-21Industry

Charles Hoskinson says Cardano no longer comes first – its treasury vote explains why

Cardanos delegated governance voters let a 12.29 million ADA request for Pogun expire without ratification, showing that Input Outputs history as a founding builder does not guarantee access to the networks treasury.　　Related Asset Cardano #14 ADA · $0.23 24-hour change: down 0.68% Loading price history… 24H Down 0.68% 7D Up 8.03% 30D Up 1.71%　　Pogun is an Input Output-backed credit and liquidity product designed to bring Bitcoin into decentralized finance. Its proposal offered Cardano a share of the business in exchange for development funding. Charles Hoskinson says the product is still headed to Cardano. Future Input Output ventures will follow technical and commercial fit instead of an automatic Cardano-first policy.　　The result is a clear test of decentralized control. Cardanos representatives withheld public capital from an affiliated commercial project, while Input Output retained the freedom to deploy products wherever technical and business conditions are strongest.　　Related Company Input Output A blockchain research and development company　　A vote with two different verdicts　　The Pogun governance action asked Cardanos treasury for 12.29 million ADA and expired without ratification or enactment. The final Koios voting summary recorded 35.67% of delegated representative voting power in favor and 64.33% against.　　Related Asset Bitcoin BTC · $80,837.53 24-hour change: down 0.21%　　Delegated representatives,

09-21Industry

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