Crypto Industry News & Market Trends

BitMart opens user engagement portal as advisers assess withdrawal plans

BitMart has launched a dedicated user engagement portal for questions about withdrawals and its future plans, giving customers a formal channel to submit concerns as financial adviser Alvarez & Marsal reviews the exchanges position.　　According to BitMart‘s official announcement, the portal will collect questions, concerns and feedback covering withdrawal arrangements, the exchange’s action plan and its future direction. Submissions will be considered as part of an assessment being conducted by BitMart, Alvarez & Marsal and the companys legal advisers.　　The portal comes one week after BitMart appointed Alvarez & Marsal as its financial adviser on Sept. 9. As crypto.news previously reported, A&M was brought in to assess the exchanges finances, stakeholder claims and withdrawal arrangements after trading had been suspended.　　BitMart said at the time that a dedicated user feedback portal would be published within five business days. The company expected to provide details of its action plan and consultation process within three weeks of the Sept. 9 announcement.　　BitMart portal accepts withdrawal and restructuring enquiries　　Users accessing the portal must select “User Engagement Portal” as the issue type. Submissions made under other categories will be processed as regular customer support tickets and will not form part of the assessment process, BitMart said.　　Customers are asked

09-16Industry

AI has been a ‘net negative’ for crypto: Phemex CEO

Phemex CEO Federico Variola says AI has been a ‘net negative’ for crypto, despite the crypto exchange announcing an AI-focused transformation earlier this year.　　Speaking on Cointelegraphs Chain Reaction, Variola said AI has diverted capital away from the industry, while empowering attackers and driving up cybersecurity costs for smaller teams — pressures that risk pushing crypto toward greater centralization.　　“Its difficult to be bullish about AI in crypto,” he said. “Liquidity have been significantly diverted to to that industry on one side. On the other hand, AI has empowered a lot of bad actors that have been exploiting protocols.”　　“Its difficult to envision a world in which AI is going to favor crypto specifically as an industry, since a lot of the fixes that we see actually encourage more centralization rather than less centralization.”　　Variolas assessment offers a skeptical view of AIs impact on crypto. It also comes after his crypto exchange announced an AI transformation in February, when he outlined plans to embed the technology across product development and internal operations, though his latest views focused on the broader crypto industry.　　AI raises stakes for crypto security　　Variolas take also comes as AI has been linked to recent crypto exploits.　　In July, attackers drained roughly $116

09-16Industry

Zcash holders back 25-second blocks in NU7 vote

Zcash holders have overwhelmingly backed faster blocks and the networks existing halving schedule in a private governance poll involving nearly 2.4 million ZEC.　　SummaryNearly 2.4 million ZEC participated, representing roughly 66% of eligible Ironwood balances at snapshot time.About 99.9% of participating ZEC supported cutting block target spacing from 75 to 25 seconds.Roughly 98.9% of participating ZEC favored preserving scheduled halvings instead of adopting smoothed issuance mechanics.About 96.6% backed February 2031 for beginning NSM reissuance of ZEC previously removed from circulation.NU7 features unfinished by September 30 would be dropped under the option preferred by coinholders.　　The Zcash Community Forums published NU7 results show participation equal to roughly 66% of the 3.6 million ZEC held in the eligible Ironwood pool at the snapshot height. Organizers had set 1 million ZEC as the minimum participation level needed to consider the poll representative of coinholders.　　Voting closed on Sept. 14 at 19:00 UTC after eligible balances were recorded at mainnet block 3,459,350 on Aug. 24. Only spendable shielded funds held in Ironwood at the snapshot could participate, while the coins could be moved afterward without affecting voting eligibility.　　You might also like:　　Zcash price holds $1,100 as leverage flush threatens deeper pullback　　Zcash holders favor 25-second blocks without faster issuance　　Among

09-16Industry

Meme coin phishing pages trick traders with fake Cloudflare checks

Meme coin traders have been targeted by phishing pages disguised as Cloudflare verification screens, with one trader reporting a loss of approximately $600,000 after running a malicious script.　　Market reports on Sept. 16 said several popular meme coin pages have been redirecting visitors to fake verification screens that instruct them to execute commands on their computers, allowing malicious scripts to run and potentially steal crypto assets.　　????one of the best Axiom traders just got drained for $600k while trying to bridge to @arc　　A website will verify a fake cloudfare and asks you to run an admin payload script into your windows which will then drain your whole pc. DO NOT DO THIS. QTing for awareness. https://t.co/igJUo8jAy6 pic.twitter.com/KFmdBP8H8j　　— Inside Calls (@insidecalls) September 15, 2026　　Crypto trader @cladzsol said he lost around $600,000 in the incident, while crypto account @insidecalls warned that the attack involved a website displaying a fake Cloudflare check before asking the user to run a payload with administrator privileges on Windows.　　The method differs from many wallet-draining attacks that rely on users connecting a wallet and approving a malicious blockchain transaction. In this case, the phishing page attempts to get the victim to execute code directly on the computer.　　Meme coin phishing pages

09-16Industry

Brazil’s B3 gets DIGY11, a new ETF tracking Bitcoin treasury preferred stock

OranjeBTCs DIGY11 product page on Sept. 15 marked the exchange-traded fund as “now on B3” and displayed a value of R$10.04 per unit. Its updated status signaled that Brazilian investors could access a fund tied to Bitcoin-treasury companies without buying Bitcoin itself.　　Related Asset Bitcoin #1 BTC · $75,840.87 24-hour change: down 2.06% Loading price history… 24H Down 2.06% 7D Down 4.22% 30D Up 19.42%　　DIGY11 is not a spot Bitcoin ETF and does not seek to match Bitcoins price. It follows a Brazilian real-hedged MarketVector index of preferred shares issued by companies whose balance sheets include substantial Bitcoin holdings.　　B3, Brazil‘s stock exchange, said that secondary-market trading would not begin as planned on Sept. 11, at the fund manager’s request. DIGY11s product page later reported R$27.5 million in net assets and a R$10.00 net asset value per unit for Sept. 11, separate from the R$10.04 value displayed on Sept. 15.　　What investors are buying　　The fund‘s disclosed Sept. 11 portfolio was concentrated in Strategy, the largest of the two US Bitcoin-treasury companies represented. STRC, Strategy’s preferred stock, accounted for 74.29% of assets. Strives SATA preferred shares made up 4.88%, while 20.83% was cash in reais and margin allocated to the currency hedge.　　Related Company Strategy

09-16Industry

Polymarket brings blockchain indexing in-house with rindexer for faster data

Polymarket has moved its primary blockchain indexing infrastructure in-house, cutting the time needed to surface some onchain events by as much as 14 blocks, or roughly 28 seconds.　　Polymarket Vice President of Engineering Josh Stevens said the prediction market platform built the new system internally using rindexer, an open-source indexing tool written in Rust. The infrastructure can index data within 0 to 10 milliseconds of a block being broadcast, according to Stevens.　　“We now see onchain data events up to 14 blocks (28 seconds) faster, and we index within 0-10ms of block broadcasting, making it nearly instant,” Stevens said.　　The change means trades, user positions and balances can update more quickly as blockchain events reach Polymarket‘s systems. Stevens said Goldsky, which previously handled important parts of the platform’s real-time blockchain data infrastructure, will remain as a backup while Polymarket primarily operates its own indexing stack.　　We have built our Polymarket indexing systems in-house, powered by rindexer in Rust. We now see onchain data events up to 14 blocks (28 seconds) faster, and we index within 0-10ms of block broadcasting, making it nearly instant. This means trades, positions, and balances will…　　— Josh (@devjoshstevens) September 15, 2026　　Polymarket indexing system moves to rindexer　　Rindexer is an open-source EVM

09-16Industry

Ripple CLO Reassures XRP Holders After Clarity Failure

Ripple Chief Legal Officer Stuart Alderoty has moved to reassure the XRP community following the crypto industrys dramatic failure in the Senate.　　“Dont forget - Ripple and XRP stand on settled ground,” Alderoty wrote after the vote. “The 2023 federal Court ruling established XRP is not a security.”　　The Ripple legal chief also pointed to more recent regulatory guidance from the Securities and Exchange Commission and Commodity Futures Trading Commission.　　And in March the SEC and CFTC issued a joint interpretation naming XRP a Crushing Senate defeat　　Alderotys comments came after the Senate failed to advance the Clarity Act.　　Senators voted 49-50 against invoking cloture on the motion to proceed to the legislation. Sixty votes were required. The bill was 11 votes short of the threshold.　　No Democratic senator voted to invoke cloture. Democratic Sens. Kirsten Gillibrand, Mark Warner, Cory Booker, Raphael Warnock, Ruben Gallego, Angela Alsobrooks, Catherine Cortez Masto, Lisa Blunt Rochester and John Fetterman were among those voting against advancing the legislation. Republican Sens. Susan Collins, Josh Hawley and Jerry Moran also voted no.　　The failure came despite another round of intense negotiations immediately before the vote.　　“This one stings”　　Ripple CEO Brad Garlinghouse made little attempt to hide his disappointment after the result. “This one stings,”

09-16Industry

US charges ex-Robinhood engineers over alleged pre-listing crypto trades

US prosecutors on Tuesday charged two former Robinhood engineers with commodities fraud and wire fraud for allegedly using confidential information about upcoming cryptocurrency listings to profit from perpetual futures trades on Hyperliquid.　　According to the US Department of Justice (DOJ), Hefu Chai and Huaisong “Jerry” Xiang bought perpetual contracts linked to tokens ahead of Robinhood Crypto listings. The DOJ alleged each profited more than $50,000 from the trades between 2025 and 2026.　　The DOJ said Chai and Xiang had access to a private company Slack channel containing information about planned listings. Prosecutors allege they used that information to open long positions on Hyperliquid, closing them when their value increased after their debut on Robinhood.　　The allegations have parallels to the Coinbase insider-trading case in 2023, in which a former employee used confidential information to profit from listings of new tokens by directly buying the underlying asset, though the Robinhood case extends the issue into decentralized derivative markets.　　Cointelegraph contacted Robinhood for comment but did not receive a response by the time of publication.　　Robinhood barred employees from trading around listings　　According to the DOJs complaints, Chai worked at Robinhood from around 2021 until May 2026 and served as a technical lead responsible for new digital-asset listings.

09-16Industry

Bitcoin onchain transfers vary sixfold in BIS study

A Bank for International Settlements working paper has found that estimates of Bitcoin onchain transfer value can differ by as much as sixfold depending on how researchers treat transaction outputs.　　The Bank for International Settlements working paper, titled Hidden by complexity？ Measuring stablecoin, crypto and decentralised finance ecosystems, was written by Timothy Aerts, Ronald Heijmans, Jan Paulick and Violeta Vuletic and published in September 2026. The research uses data from Bitcoin, Ethereum and Tron collected through Mercurius, a project operated by De Nederlandsche Bank and developed with the BIS Innovation Hub and Deutsche Bundesbank. Read BIS Working Paper 1377　　Across the three networks, the Mercurius dataset contains 100 billion records. The paper cautions that the figure represents data points stored through its processing system and should not be read as 100 billion distinct blockchain events. Ethereum and Tron records can overlap between base-layer and smart-contract data, while information can appear at several stages of the processing pipeline.　　Bitcoin onchain transfer estimates depend on change handling　　For its Bitcoin analysis, the study examined data covering 2009 through 2026, including approximately 1.3 billion transactions and 3.6 billion transaction outputs. Researchers tested three ways of calculating transfer value because Bitcoins unspent transaction output, or UTXO, model can

09-16Industry

Solana nearly froze as a single routing error took 29% of the network stake offline

The Solana network kept producing blocks on Aug. 12 when an infrastructure failure stopped validators representing nearly 29% of network stake from voting, according to a Solana Foundation account published Sept. 14.　　Related Asset Solana #7 SOL · $97.32 24-hour change: down 4.00% Loading price history… 24H Down 4.00% 7D Down 6.36% 30D Up 28.98%　　Independent monitoring found that the chain remained live, yet its performance deteriorated: more leader slots were skipped, transaction throughput fell sharply, and settlement finality was delayed.　　The disruption began at Teraswitch, which the Foundation described as Solanas largest infrastructure provider. A Teraswitch postmortem traced the outage to a stale default route left on a Miami edge router, with Teraswitchs provider traffic fully recovering 33 minutes after the first alarm.　　Routine transit-provider maintenance activated that route, while transposed values in a routing policy applied a “no-export” instruction toward Europe and Asia-Pacific.　　In practical terms, the bad route spread across Teraswitchs network and prevented affected data centers from reaching the Internet through healthy local routers. Twelve sites across Europe and Asia-Pacific lost Internet and inter-site connectivity, including infrastructure hosting Solana validator and RPC nodes.　　Independent blockchain-risk monitoring firm Metrika broadly corroborated both the scale of the disruption and continuous block production. Its data

09-16Industry

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