Crypto Industry News & Market Trends

British Pound Sterling slides after the Bank of England stays put

GBP/USD trades near 1.3350 after a session low at 1.3336, its weakest since the end of July, and it has been under its 200-day average since Wednesday. The Bank of England left Bank Rate at 3.75%, with three of its nine members voting for an increase to 4% and none voting for a cut. That is a committee leaning towards an increase, and Sterling fell anyway.　　The vote leaned one way and the minutes leaned the other　　UK consumer price inflation reached 3.1% in August, a five-month high and the first reading above 3% since March, with motor fuel a large part of it. The committee said inflation is likely to rise further over coming quarters, and the Bank‘s own short-term forecast has it above 4% in early 2027. Three members wanted to act on that immediately rather than wait. Committee member Mann, one of the three, pointed at the Bank’s own forecast rather than the current number and argued that raising now is the better route.　　Governor Bailey put the other side of it in the same document. Indirect energy pass-through has been weaker than the Bank expected, evidence of second-round effects is very limited, domestic inflationary pressure continues to ease and

09-18Industry

Pump.fun rallies as buybacks cut supply - Can price reclaim $0.004？

With the Fed rate hike unfolding as expected, crypto investors reacted strongly.　　Pump.fun [PUMP] successfully defended $0.0034, and at press time, PUMP was trading around $0.0038, up 9.6% on the daily charts. The upside move saw PUMP flip the Simple Moving Average (SMA), signaling strengthening short-term momentum.　　What‘s behind PUMP’s rebound？　　PUMP signaled a trend reversal mostly supported by both increased usage and reduced supply. While its success remains debatable, PUMP has constantly deployed its deflationary approaches to absorb pressure.　　In fact, the project has been aggressively buying and burning tokens in an attempt to reduce supply, as the token remains highly inflationary.　　Over the past day, for example, Pump.fun bought back 240 million tokens. Usually, token buybacks reduce the supply available for immediate selling, thus easing the market, even for a short term.　　Source: Defillama　　Moreover, Pump.fun saw renewed demand for the network. In fact, Active Addresses jumped to 1.2 million, according to Defillama data.　　Rising Active Users suggested that investors are not attracted to the protocol and jumped to access its services. Often , such high usage helps in increasing demand for the native token and, in many cases, helps to achieve growth.　　Is this time different though？　　A few days ago, PUMP jumped to a local high

09-18Industry

Mitch McConnells Confused And Frail Appearance Raise New Concerns (Video)

Topline　　Sen. Mitch McConnell, R-Ky., returned to the Senate this week after a months-long absence that sparked widespread speculation about his condition—though his return to public life has raised new concerns, as the 84-year-old senator has often appeared confused and frail and has made few spoken comments in public.　　Sen. Mitch McConnell (R-KY) attends a Senate Agriculture Committee meeting on September 16 in Washington, DC.　　Getty Images　　Key Facts　　McConnell made his first public appearance in three months Monday, taking part in a Senate vote for a judicial nominee and making a statement to reporters, saying it was “time to get back to work.”　　Reporters were not allowed to film McConnells remarks, and CNN journalist Manu Raju reported the senator “appear[ed] frailer and his voice slower.”　　Discover more　　Choose POS Systems　　Compare Exchange Rates　　FINANCE　　Videos shared on social media of McConnell throughout his first week back show the octogenarian using a wheelchair and being wheeled in and out of vehicles, often sporting a frozen expression and delivering no spoken comments to reporters—only making gestures like “thumbs up” and “peace” signs.　　McConnell delivered the deciding vote Wednesday as the Senate Agricultural Committee narrowly approved a farm bill during a hearing, though footage of the vote as analyzed by C-SPAN notes McConnell initially

09-18Industry

After Congress killed its landmark crypto bill, the SEC unlocked the $77 trillion US stock market through tokenization

The US Securities and Exchange Commission (SEC) has opened a five-year pathway for regulated US stocks to trade on blockchain-native venues.　　Related Law CLARITY Act: US Digital Asset Market Structure United States · Passed　　The Innovation Exemption came two days after the Senate failed to advance the CLARITY Act, a broad crypto market-structure bill that sought to establish statutory rules for digital assets and clarify regulatory responsibilities. The procedural vote failed 49-50, short of the 60 votes needed to move it forward.　　That failure left the crypto industry without a comprehensive market-structure framework and put greater weight on what regulators can do under existing law.　　SEC Chair Paul Atkins explicitly tied the Sept. 17 action to the stalled legislation, saying the agency was moving “within its statutory authority” to facilitate on-chain trading of certain tokenized stocks.　　Related Person Paul Atkins Chairman · U.S. Securities and Exchange Commission　　This move opens the $77 trillion US stock market to crypto-style trading. However, the decision addresses a narrower question of how regulated stocks can trade through blockchain infrastructure. It also pushes US policy closer to a market already developing offshore, where crypto companies are offering tokenized equities that can move beyond conventional exchange hours.　　SEC gives on-chain venues a five-year

09-18Industry

U.S. Treasury Expands BitBank Sanctions Over Iran Bitcoin Links

TLDR:BitBank sanctions target the Iranian exchange after Treasury alleged it facilitated hundreds of millions of dollars in Bitcoin transfers to the IRGC.Treasury also designated BitBank developer Pishtaz Simorgh Electronic Trade Company and three associates linked to Babak Zanjani.OFAC placed BitBank on the SDN list under Executive Order 13902, which Treasury is using against Irans digital asset sector.U.S. persons generally cannot transact with designated parties without authorization, while certain non-U.S. parties may face sanctions exposure.　　The U.S. Treasury imposed BitBank sanctions on September 17, targeting an Iranian digital asset exchange and its developer. Treasury said BitBank helped move hundreds of millions of dollars in Bitcoin to the Islamic Revolutionary Guard Corps. The Office of Foreign Assets Control also designated three associates of Iranian financier Babak Zanjani.　　Treasury linked the action to Operation Economic Outcast, its broader sanctions campaign against Iranian financial networks. The department said the exchange supported payments connected to sanctioned Iranian entities. The new Iran crypto sanctions also place BitBank and related parties on OFACs Specially Designated Nationals list. OFAC formalizes that listing.　　BitBank Sanctions Target Alleged Bitcoin Transfers to IRGC　　Treasury described BitBank as an Iranian digital asset exchange controlled by Babak Zanjani. OFAC previously sanctioned Zanjani and entities tied to his

09-18Industry

Flight Delays Top 5,000 Thursday—These Airports Are Hardest Hit

Topline　　Flight delays in the U.S. rapidly surpassed 5,000 on Thursday afternoon, impacting Chicago and Boston airports the hardest as the National Weather Service warned of flash flooding in the Midwest and Northern Plains.　　Inclement weather caused over 1,000 delays at Chicago OHare on Thursday.　　Photo by Scott Olson/Getty Images　　Key Facts　　Flight delays numbered 5,172 as of shortly before 3:30 p.m. EDT, according to FlightAware, with Chicago OHare International Airport alone accounting for well over 1,000 of the delays.　　Boston Logan International Airport reported more than 350 flight delays and 24 cancellations, as the Federal Aviation Administration said runway construction has caused some arriving flights to be delayed an average of two hours and 16 minutes.　　Discover more　　Try Operations Software　　Compare Exchange Rates　　Access Premium News　　Chicago experienced heavy rainfall Thursday morning, according to the NWS, which forecast scattered thunderstorms and rain Thursday night.　　Chicago Midway International Airport reported more than 200 delays.　　Over 300 flights were canceled nationwide, with nearly 200 of those involving flights scheduled for into or out of OHare.　　Boston Logan International Airport was hit with 356 flight delays and 24 cancellations, as the Federal Aviation Administration said runway construction has caused some arriving flights to be delayed an average of two hours and 16 minutes.　　WHAT OTHER AIRPORTS

09-18Industry

CFTC extends crypto software broker exemption as CLARITY Act stalls

The CFTCs Market Participants Division has extended no-action relief to providers of passive crypto-trading software, sparing them from registering as brokers, two days after the Senate blocked the CLARITY Act.　　The relief is set out in CFTC Staff Letter 26-25, signed by division director DJ Hennes. Division staff said they will not recommend enforcement against eligible software providers that fail to register as introducing brokers, nor against their personnel for not registering as associated persons of an introducing broker.　　The same treatment was given to a single company, Phantom Technologies, in March. However, that position bound only Phantom.　　Other developers that wanted the same cover had to file their own respective requests. What the latest CFTC Staff Letter 26-25 does is lift that limit, offering the relief on substantially the same terms to any passive software provider that meets the conditions.　　Where the line falls between software and broker　　The relief only reaches software that passively connects users to regulated markets. A provider can build and hand out interfaces that let users check market data, review products, and send orders straight to registered venues. It can also bundle that into a self-custodial wallet.　　The cover disappears when brokerage enters into the picture. Under the conditions, a

09-18Industry

Why Is Chipotle Now Working With the CIA-Funded Palantir？

In briefChipotle is piloting a Palantir-built “Food Safety Risk Management Platform”The platform will score restaurants using health inspections, pest incidents, and employee illness reports.Palantir was seeded in 2005 by In-Q-Tel, the CIAs venture capital arm, and still draws nearly half its revenue from government work, including ICEs deportation-tracking ImmigrationOS system.　　Chipotle wants a computer to flag which burrito line might make you sick next. The company it hired to build that computer is Palantir, the data firm that got its start with cash from the CIA.　　Wired reported yesterday Chipotle is piloting a “Food Safety Risk Management Platform” built on Foundry, Palantirs core software. Foundry works like a giant filing cabinet that pulls scattered data into one dashboard, so a company (or an army) can see everything at once. Chipotle confirmed the project.　　Myriad: Which companies will IPO first？ Click to make your prediction.　　The platform reportedly runs on three ingredients: health department inspection scores, pest sightings, and employee illness reports. Blend those together and every restaurant gets a risk score, a digital report card nobody outside headquarters gets to see.　　Chipotles chief corporate affairs and food safety officer, Laurie Schalow, told Wired the company is “piloting a new Food Safety Risk Management Platform designed

09-18Industry

L-BTC Peg-Out Still Shut Down as Blockstream Refuses Hacker Demand – Bitcoin News

Key TakeawaysLiquid‘s hackers gave back 3,400 BTC, but they’re still sitting on 598.50 BTC worth over $45 million.Blockstream says L-BTC‘s 1:1 peg is covered, but 11 days later, holders still can’t use peg-outs.Liquid, Symbiosis and Nomic have now faced 3 exploits, putting BTC-backed projects under the microscope.　　Following the Sept. 6 exploit, around 85% of the drained bitcoin has been returned, but the remainder is still held by the protocol‘s attackers. Blockstream, Liquid Network’s maintainer, has refused to pay for the remaining coins and wants the 598.50 BTC returned. The Liquid Network‘s L-BTC reserves still have a hole, as the protocol shows 4,234.76 L-BTC in circulation, but there’s only 3,632.23 BTC held.　　Liquids Peg-Outs Remain Frozen as 598.50 BTC Stays With Hackers　　While the Liquid Network has resumed, L-BTC peg-outs are still shut down, and Sideswap disclosed that “L-BTC cannot yet be redeemed for bitcoin.” Sideswap added that “Blockstream has said the peg will be covered 1:1 and peg-out returns in a later step.” Blockstream founder Adam Back posted on X and insisted that the 1:1 L-BTC to BTC peg will be covered, and he told holders not to dump L-BTC over-the-counter (OTC) at a discount.　　There has been no official “peg-out is live”

09-18Industry

Hyperliquid News: Kraken Parent Eyes First US-Regulated HYPE Perpetuals

Key InsightsHyperliquid news centers on Paywards plans for regulated US on-chain perpetual futures.Bitnomial would create and clear HIP-3 markets, while NinjaTrader carries client accounts.HYPE trades near $79.29 after recovering from an intraday low near $75.　　Hyperliquid news shifted toward the US derivatives market after Kraken parent Payward outlined plans for on-chain perpetual futures. The company intends to start with Hyperliquid HIP-3 markets for eligible US clients. Bitnomial would create, own, administer, clear, and settle the contracts.　　Meanwhile, NinjaTrader Clearing would hold customer accounts under its registered futures commission merchant structure. Payward said only approved clients on both firms allowlists could trade. HYPE trades near $79.29 following an intraday rebound from about $75.　　Hyperliquid News Focuses on Payward US Perpetual Plans　　Payward plans to use Hyperliquid‘s public blockchain while keeping regulated entities responsible for market operations. Hyperliquid’s on-chain order book would match and record transactions.　　Notably, Bitnomial would act as the HIP-3 deployer for the proposed markets. The company operates a CFTC-regulated designated contract market and registered derivatives clearing organization.　　NinjaTrader Clearing would handle client accounts under its CFTC futures commission merchant registration. It also holds membership with the National Futures Association.　　Discover more　　Open Trading Account　　Trade Crypto Assets　　FINANCE　　Under the proposed structure, US clients would first open futures accounts

09-18Industry

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