Crypto Industry News & Market Trends

Brazil Bans Online Betting Before Election, Keeps $492M in Licensing Fees

Key TakeawaysBrazils Provisional Measure 1,394 bans sports betting and online casinos, with sites offline from Oct. 6.The 85 license holders get no refund of the $492 million they paid, and operators plan to sue.A companion bill would criminalize processing betting payments, including through crypto.　　A Seismic iGaming Change Just Before Presidential Vote　　Brazils Provisional Measure 1,394 was published in an extra edition of the official gazette on the evening of Sept. 25 and took effect immediately. It prohibits the operation, offering, intermediation and advertising of all fixed-odds betting in Brazil, covering real sporting events and online casino games alike.　　The ban explicitly reaches operators based abroad that serve people in Brazil, and it also ends betting concessions granted by Brazilian states. Other lotteries authorized by law are exempt. President Luiz Inácio Lula da Silva signed it at a ceremony in São Paulo, where Finance Minister Dario Durigan presented the measure. The move follows a week of reports that the government was drafting a ban by decree.　　New deposits have been barred since publication. According to the government‘s timetable, bettors have until 11:59 p.m. on Oct. 5 to withdraw their balances, and licensed sites and apps go dark from midnight on Oct. 6. Bets not

Yesterday 11:32Industry

Janus Henderson Macro Head Says Market Is Near Its Top but Cannot Say When

Michael Contopoulos, head of multi-asset macro investing at Janus Henderson Investors, said the market is nearing its top. He cannot say when the cycle will turn.　　He discussed the recent jump in interest rates and the health of the US economy on CNBCs Fast Money.　　Janus Henderson Sees a Late Cycle but a Healthy Economy　　The Federal Reserve voted 12-0 on Sept. 16 to raise rates by 25 basis points, its statement shows. That lifted the range to 3.75% to 4%.　　Discover more　　Financial literacy course　　Distributed Another Strategist Stays Bullish　　Contopoulos is watching for margin compression, slower earnings growth, wider corporate credit spreads and an inverted yield curve. Credit spreads measure the extra yield companies pay over Treasuries.　　An inverted curve occurs when short-term yields exceed long-term ones. Last Thursday, the 10-year Treasury yield reached 5.22% while the two-year hit 4.94%.　　He also said most artificial intelligence (AI) debt sold in the past six to 12 months trades below issue price.　　Contopoulos argued that synchronized global rate rises keep US yields elevated. Investors can sell Treasuries for better yields abroad. Japans 30-year bond yield hit a record 4.2% last week.　　Not every strategist agrees the top is near. Turtle Creek strategist David Spika argues stocks could still rally 5% to

Yesterday 11:19Industry

Gold Forecast: XAU/USD sees a dead cat bounce ahead of US jobs data

Gold attempts a tepid recovery from an eight-week low of $4,110, reached on Monday, pausing the sharp sell-off early Tuesday.　　Gold remains vulnerable as US jobs data looms　　Gold is seeing a dead cat bounce as sellers take a breather, with the US Dollar (USD) entering a phase of bullish consolidation alongside the US Treasury bond yields.　　The global bond rout deepened on Monday, bringing the monthly sell-off to its heaviest in two years and sending the benchmark 10-year US Treasury yield to a 19-year high above 5.27%.　　Soaring yields triggered a massive meltdown in global stocks, making them less attractive as an alternative investment. As a result, a ‘sell everything’ mode ensued, and Gold crumbled almost 4%. Investors liquidated their Gold long positions to cover their losses in bond and stock markets.　　The bright metal also faced headwinds from increased bets on an October US Federal Reserve (Fed) interest rate hike, which bolstered USD and weighed heavily on non-yielding assets such as Gold.　　Discover more　　Blockchain development services　　Financial Markets News　　Blockchain technology consulting　　Markets are pricing in a 70% chance of a rate hike in October, according to CME Groups FedWatch Tool.　　Elevated Oil prices, amid the US-Iran standoff and renewed threats of US strikes on Iran, keep global

Yesterday 11:10Industry

Australian Dollar consolidates above 0.7000 vs USD before RBA decision

The AUD/USD pair extends its consolidative price moves through the Asian session on Tuesday, trading just above the 0.7000 psychological mark, near the lowest level since August 4 ahead of the Reserve Bank of Australia (RBA) decision.　　The Australian central bank is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) after keeping rates unchanged at its previous two meetings. Meanwhile, the key focus will be on the accompanying Monetary Policy Statement (MPS) and RBA Governor Michele Bullocks comments at the post-meeting press conference. Investors will look for cues about the future policy path, which, in turn, would drive the Australian Dollar (AUD) and provide some impetus to the AUD/USD pair.　　Any positive reaction to a hawkish RBA outlook, however, is more likely to be limited amid the prevailing bullish sentiment surrounding the US Dollar (USD). Investors have been pricing in a greater possibility of another interest rate hike by the US Federal Reserve (Fed) in October amid energy-driven inflationary concerns, which continue to push US bond yields to multi-year highs. Apart from this, geopolitical uncertainties keep the US Dollar (USD) near a two-month high and should cap the AUD/USD pair.　　Discover more　　Access Premium News　　Crypto exchange reviews　　Compare Investment

Yesterday 10:27Industry

United States Dollar Index strengthens as oil surge bolster Fed rate hike bets

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 101.20 during Asian hours on Tuesday.　　The Greenback gained support as ongoing uncertainty surrounding US-Iran negotiations kept oil prices elevated. This persistent pressure on energy costs has heightened expectations that the Federal Reserve will need to tighten monetary policy further to combat inflation.　　The surge in oil prices resumed after Iranian officials expressed doubt about reaching an agreement prior to the upcoming US midterm elections in November. The standstill follows US President Donald Trump‘s recent rejection of Tehran’s latest proposal, which stalled diplomatic momentum.　　Discover more　　investing　　Bitcoin price tracker　　Open Trading Account　　Rising inflation concerns and expectations of additional rate increases pushed Treasury yields to fresh multi-year highs, with both the 10- and 30-year yields climbing above 5%. Following the central banks initial rate hike in three years earlier this month, the CME FedWatch Tool shows money markets are currently pricing in roughly a 70% probability of another Federal Reserve rate increase in October.　　USD positioning steady as Rabobank flags balanced build-up in longs and shorts　　Analysts at Rabobank observe that speculative positioning in the Dollar has shown

Yesterday 10:17Industry

Pump.fun: Why PUMPs 20% surge faces KEY test despite $466M buybacks

Pump.fun [PUMP] recorded a rapid increase in platform activity as new token launches climbed more than 25,000% within 24 hours. The increased usage reinforced the buyback story as the platform revenue continued supporting direct PUMP buys.　　At press time, Pump.fun had spent $466.25 million on buybacks, removing 16.84% of the total token supply. The robust platform usage, therefore, introduced a direct connection between ecosystem activity and the contracting circulating supply.　　PUMPs trading activity expanded alongside the recovery, with 24-hour spot volume rising 66.59% to $353.8 million and price jumping 20% over 24 hours.　　Even so, the stronger fundamentals, however, did not prevent short-term price volatility as investors increased exposure around the recovery.　　Source: Cumulative Buybacks on Pump.funLeverage rushes back into Pump.fun　　Market players on the derivatives increased their exposure considerably as PUMP recovered from its September lows. Derivatives volume notably surged 198.47% to $1.11 billion, reflecting a steep expansion in the speculative participation.　　Discover more　　Fintech investment reports　　Blockchain news subscription　　FINANCE　　Additionally, the Open Interest (OI) followed the advance, jumping 17.26% to $429.46 million. The rising OI implied traders added leveraged positions rather than closing the existing ones.　　Additionally, liquidation data introduced another crucial element to the derivatives outlook. In particular, the long liquidations hit nearly $1.03 million, with the

Yesterday 10:05Industry

Bitquery pegs Robinhood Chain rug-pull crew at 56 launches, $15.5M take

A blockchain investigation has extended the suspected rug-pull operations on Robinhood Chain to 56 memecoin launches. It also puts the groups estimated take at a lower $15.5 million.　　Bitquery published its results on September 28. The report examines the period of the activity until September 23, which is two days after the date used for the first estimate of $18.43 million.　　The larger problem extends farther than determining which of the estimates is more accurate. Bitquerys analysis of the market indicates how the features employed in launching new memecoins offer coordinated traders an advantage compared to ordinary investors. The majority of the traced market activity was happening on Pons, a token launchpad that runs on Robinhood Chain.　　How a funded wallet buys the whole curve　　Pons uses a bonding curve to sell its new tokens, enabling the earliest buyers to have the lowest prices. In a bid to avoid sniping, the platform charges 99% tax at the time of initial purchases. This tax then reduces to zero within five seconds. The creator of the tokens can choose which wallets are exempt from tax, according to The Block.　　Bitquery connected one incident to the launch of DEED on September 21. Around 40 minutes prior to the

Yesterday 09:51Industry

Silver Price Forecast: XAG/USD drops to near $60.50 amid surging oil, Treasury yields

Silver price (XAG/USD) continues to lose ground after registering over 5% losses in the previous day, trading around $60.60 per troy ounce during Asian hours on Tuesday. Non-yielding Silver price declined as ongoing uncertainty surrounding US-Iran negotiations kept oil prices elevated. This persistent pressure on energy costs has heightened expectations that the Federal Reserve (Fed) will need to tighten monetary policy further to combat inflation.　　The surge in oil prices resumed after Iranian officials expressed doubt about reaching an agreement prior to the upcoming US midterm elections in November. The standstill follows US President Donald Trump‘s recent rejection of Tehran’s latest proposal, which stalled diplomatic momentum.　　Rising inflation concerns and expectations of additional rate increases pushed Treasury yields to fresh multi-year highs, creating headwinds for non-yielding assets like Silver. Following the central banks initial rate hike in three years earlier this month, money markets are currently pricing in roughly a 70% probability of another Federal Reserve rate increase in October.　　Discover more　　Blockchain news subscription　　Blockchain development services　　Crypto exchange reviews　　OIS curve shows investors still pricing in multiple Fed hikes　　Strategists at Rabobank highlight that positioning in US rates remains firmly tilted toward further tightening, with the bank noting that “the OIS curve suggests investors are still

Yesterday 09:24Industry

UN, Circle Foundation Partner to Speed Aid via Stablecoins

Key TakeawaysCircle Foundation announced 2 grants on September 25, 2026, to fund UNDP and WFP digital payment initiatives.Regulated USDC stablecoins are being integrated into 15 UN agencies via DHoTS to lower aid distribution costs.WFP will test stablecoin payment corridors across 2 to 3 countries over the next 3 years to establish benchmarks.　　Accelerating UNDP Program Delivery　　The Circle Foundation announced two new grant initiatives in partnership with the United Nations Development Program (UNDP) and the World Food Program (WFP) to modernize digital payments for international development and humanitarian relief.　　The joint effort aims to explore how regulated payment stablecoins and digital financial infrastructure can lower costs, reduce delays, and improve financial resilience for communities receiving aid in crisis zones. Elisabeth Carpenter, Chief Strategic Engagement Officer at Circle and Founding Chair of the Circle Foundation, said that while the need for humanitarian aid is ever-growing, the resources for this are stretched thinner than ever.　　“If we can help humanitarian and development institutions move value faster, more transparently, and at lower cost, we can ensure more of every aid dollar actually reaches the people who need it,” Carpenter said.　　Discover more　　investments　　Digital Currencies　　Currencies low-connectivity transfers in Haiti; community investments in Guatemala; and mobile wallet integration in The Gambia.　　Robert

Yesterday 09:13Industry

Bitget Resumes Crypto Withdrawals After $388M Security Breach

After the security incident on September 24, Bitget has started to resume the crypto withdrawals, and the withdrawals of the BTC network and BSC network are resumed on September 28. The exchange stated that the process of restoring was made in a phased manner as part of other security reviews and remediations that took place on its withdrawal infrastructure, without impacting on user account balances.　　Ad　　Ad　　Bitget Identifies Attack Path After $388M Crypto Hack Incident　　Bitget said it also discovered that the attacker was able to gain access to internal credentials at a high level by exploiting a third-party security tool. Those credentials were then used to make withdrawals that were counterfeit and caused abnormal transfers that circumvented risk controls.　　“Private keys were not compromised and cold wallets were not affected,” Bitget said. The crypto exchange also noted the flaw has been patched and the incident is contained.　　Discover more　　investments　　Digital Currencies　　Finance　　The exchange estimated the total assets moved out of the bank are around $388 million. It explained that the amount is based on the latest amount that transactions were reconciled with to the original incident but not additional amounts that were not authorized after containment.　　Mandiant and SlowMist are providing ongoing assistance with the forensic investigation.

Yesterday 08:57Industry

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