Crypto Industry News & Market Trends

CoinEx to cease operation after 9 years, citing ‘significant’ crypto contraction

Crypto exchange CoinEx said it is winding down operations, citing a prolonged crypto market downturn, sinking trading volumes and liquidity, and rising regulatory and compliance costs, according to an announcement on Tuesday.　　As part of the wind-down, CoinEx will halt new user registrations, referral commissions and other rewards. Futures contracts will enter a “Reduce-Only” mode. CoinEx will also stop accepting new orders or subscriptions across its fiat, margin trading, lending, earn, staking and strategic trading services.　　“After much reflection, I have come to accept a hard truth. CoinEx did not become one of the industrys leading exchanges, and the security and compliance risks of running a crypto exchange have become increasingly difficult to contain,” CoinEx CEO Haipo Yang said in a post on X.　　The closure adds to a wave of crypto exchanges that have ceased operations this year for similar reasons, including BitMart, BitMEX and AscendEX.　　From Sept. 22, CoinEx will discontinue all non-spot services and onchain deposits, with the exception of CET deposits.　　From Sept. 29, all spot trading services will be discontinued, and non-USDT assets will be processed.　　From Dec. 22, the withdrawal period will end, and the platform will cease operations. Any unwithdrawn USDT will be transferred to an independent custodian, which

09-15Industry

Balancer eyes wind-down after restructuring fails to revive revenue

Balancer, a decentralized exchange and automated market maker, has proposed winding down the protocol after its post-exploit restructuring failed to generate enough revenue, with its leader saying he underestimated how much a $128 million exploit in November would continue to weigh on adoption.　　The proposal was authored by Balancer Labs CEO Marcus Hardt and published on the Balancer governance forum on Monday. It calls for an orderly wind-down of the protocol and the distribution of its remaining treasury, currently worth more than $9 million, to BAL tokenholders.　　The proposal comes after Balancer Labs shut down in March, when executives opted to continue operating the protocol under a leaner structure. Hardt said Monday that while the restructuring succeeded in cutting costs and delivering the products promised to tokenholders, the revenue side of the plan fell short, echoing profitability challenges faced by several other DeFi protocols this year.　　“What did not come was enough revenue. Most of the protocols revenue still comes from v2, and v3 revenue has not grown to replace it. The product worked. It did not sell enough,” Hardt said in a statement on X.　　Data from DefiLlama show that Balancers monthly protocol revenue fell to $371,000 in November from $1.13 million in

09-15Industry

BUILDon rallies as holders hit record 87,320 - Can B extend its gains？

BUILDon [B] has delivered double-digit percentage gains in the past day at press time, as sentiment strengthened in the market. According to the analysis of price, a major contributor to its price trending higher has been the surge in its holder count this month.　　Since September began, there have been an additional 160 new holders in the market, bringing the total to an all-time high of 87,320 holders, according to the press-time reading on CoinMarketCap.　　Source: CoinMarketCap　　The volume-price analysis also supports the present bullish trend in the market, with roughly a 39% surge in market volume, reaching over $17.3 million across the spot and perpetual markets.　　A surge in volume and price at the same time suggests that there is strong momentum that could possibly guarantee a continued upward swing in price in the near term.　　Discover more　　finance　　News　　Compare Exchange Rates　　Perpetual market shows strength　　Tracking the activities of investors in the perpetual market, there has been clear interest, suggesting a high chance that price could surge further.　　The Funding Rate climbed to one of its highest levels of the month at 0.0179%, showing that traders positioned most of the capital in Bs perpetual contracts for a rally.　　Source: CoinGlass　　Presently, CoinGlass reported roughly $31 million worth of capital in

09-15Industry

Treasury Firms Stack Ethereum, Solana, and Bitcoin Through a Jittery September Market

Three listed crypto treasury companies added to their token piles last week, even as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) drifted through a soft September.　　Buying continued as digital assets faced fresh uncertainty ahead of a Federal Reserve rate decision. Strategy (formerly MicroStrategy) was the exception, though. The firm bought back its own preferred shares and left its Bitcoin stack untouched.　　BitMine and DFDV Expand Their Crypto Treasury　　BitMine Immersion Technologies picked up 27,180 ETH last week, lifting its position to 5.956 million tokens. That lands at 4.9% of the circulating supply, just under the 5% supply target that chairman Tom Lee has been pursuing.　　Discover more　　finance　　Deploy Cloud Servers　　Trade Crypto Assets　　Roughly 5.07 million of those tokens sit staked. BitMine values its combined crypto and cash at $15.8 billion.　　“In August, ETH moved sideways without a downside break, and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect late Augusts sharp one-day rally was a likely preview of the pending advance,” Tom DeMark, founder of DeMark Analytics and a capital markets advisor to the firm, said.　　DeFi Development Corp, a Nasdaq-listed Solana treasury firm, has grown its holdings by 2%

09-15Industry

Bitcoin remains volatile amid CLARITY Act vote while Zcash, Stellar rally

Bitcoin (BTC) holds steady around $78,000 on Tuesday, sustaining its roughly 2% recovery from the previous day. Broader cryptocurrency market volatility remains elevated ahead of the scheduled CLARITY Act cloture vote on Tuesday. Zcash (ZEC) and Stellar (XLM) retain bullish momentum, emerging as the top performers over the last 24 hours.　　Bitcoin regains strength above key support level　　Bitcoin hovers around $78,000 at press time on Tuesday, keeping a constructive bullish bias. Despite over 4% losses last week, BTC remains above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs) at $73,579, $71,347, and $73,053, respectively.　　Price also trades just over the 50% Fibonacci retracement at $75,233, measured over the $97,924 to $57,800 downswing, while it remains capped by a broken support-turned-resistance trendline near $82,850.　　The Relative Strength Index (RSI) at around 57 on the daily chart suggests moderate positive momentum, even as the Moving Average Convergence Divergence (MACD) is below its signal line, hinting that upside pressure is waning.　　Discover more　　FINANCE　　Choose POS Systems　　finance　　On the topside, immediate resistance aligns at the overhead trendline near $82,850, followed by the 78.6% Fibonacci retracement near $87,476.　　BTC/USDT daily price chart.　　On the downside, initial support is seen at the 50% retracement at $75,233, followed by a broader demand band formed

09-15Industry

Stablecoin News: Brian Armstrong Says Stablecoins Can Help Community Banks Win

Key Insights:Coinbase CEO Brian Armstrong puts banks at the center of stablecoin news, citing competitive benefits.Coinbase and Moov say they are helping 1,000+ banks access stablecoin capabilities.Coinbases posts leave bank rollout stages, supported tokens, and fees unspecified.　　Stablecoin news focused on community banking after Brian Armstrong said stablecoins could help smaller institutions compete more effectively.　　The Coinbase CEO said his company and Moov are helping over 1,000 community banks access stablecoin capabilities. He linked those services to faster settlement, lower costs, and real-time access to capital.　　Coinbase confirmed the partnership in a separate statement, identifying acceptance, settlement, and real-time funding as its main functions.　　The company said banks would access the infrastructure through technology systems they already use. Neither announcement specified how many institutions have completed integration or started offering services.　　Discover more　　News　　Compare Exchange Rates　　Fintech　　Brian Armstrong Connects Stablecoin With Bank Competitiveness　　Armstrong presented the partnership as an example of how stablecoins could support community banks. His statement addressed the Washington debate surrounding their role in the banking sector. He argued that the discussion overlooks the opportunities stablecoins offer these institutions.　　Coinbase CEO Brian Armstrong Outlines his Stand on Stablecoin News | Source: X　　“Community banks are in a stronger position to compete and win if they use stablecoins,”

09-15Industry

Coinbase-backed Base just exposed the uncomfortable truth about Ethereums L2s

Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work.　　Related Asset Ethereum #2 ETH · $2,497.06 24-hour change: down 0.76% Loading price history… 24H Down 0.76% 7D Up 0.53% 30D Up 32.68%　　On Sept. 14, Ethlabs researcher Derek Chiang said collaboration between developers working on Ethereum‘s EIP-8141 Frame Transactions and Base’s EIP-8130 broke down last week after attempts to produce a shared account-abstraction standard failed to reconcile the chains different requirements.　　The split leaves Ethereum advancing Frames while Base pursues a separate design for native account abstraction, potentially forcing wallets to accommodate different transaction architectures across networks that have historically shared much of the same account and transaction experience.　　Related Company Coinbase A leading digital currency company　　Both proposals seek to make wallets more programmable, supporting features such as gas sponsorship, passkeys, and flexible authentication. The disagreement emerged over how much freedom the protocol should give accounts and how much structure chains should impose on transactions before they execute.　　Chiang said:　　“Ethereum wanted to be the best version of Ethereum, and Base wanted to be the best version of Base.”　　The breakdown came only weeks after the projects were still trying to bridge those differences.

09-15Industry

Lummis Pushes Senate Democrats to Rally Behind Final CLARITY Draft

Key TakeawaysSen. Lummis urged Democrats to pass the CLARITY Act, warning that blocking it will drive crypto firms abroad.The bill adds strict ethics rules forcing officials to divest crypto, aiming to appease Democratic demands.A Tuesday vote decides the bills fate; failure risks losing the regulatory reach to prevent another FTX.　　‘Put Their Money Where Their Mouth Is’: Lummis Calls Democrats to Rally Behind CLARITY Act　　Senator Cynthia Lummis has called Senate Democrats to rally behind the final version of the Digital Asset Market Clarity Act presented on Sunday night, stressing that failing to do so would result in crypto companies leaving the U.S.　　In a recent opinion piece, Lummis explained the bills bipartisan origins, highlighting that since its beginnings as the Responsible Financial Innovation Act in 2022, it has been a joint effort with Senator Kirsten Gillibrand.　　Lummis remarked on the victories achieved so far, managing to gather support from both financial institutions like Goldman Sachs and Fidelity and law enforcement groups like the National Fraternal Order of Police and the National Sheriffs Association.　　Discover more　　Access Premium News　　Choose POS Systems　　Open Trading Account　　In addition, she mentioned that several compromises were made to appease Senate Democrats demands in new ethics language that bans covered individuals, including Trump

09-15Industry

Prediction markets traders think gas prices will hit new highs in 2026

A sign displays unleaded gasoline and diesel fuel prices at a Shell gas station in San Jose, California, Sept. 10, 2026.　　David Paul Morris | Bloomberg | Getty Images　　U.S. oil prices are again above $100 per barrel, sending gasoline prices to multi-month highs. But traders on prediction market platforms expect the amount Americans are spending at the pump will hit fresh highs this year.　　Gas prices peaked at $4.56 per gallon on May 21, according to AAA‘s national average. Now, traders on Kalshi think there’s a 71% chance that the average will surpass $4.60 in 2026.　　Speculators on Kalshi also place 57% odds that prices will top $4.80 a gallon, and just over a 40% chance that they cross $5.00. U.S. gas prices last hit a record high of just over $5 per gallon in June 2022.　　On Kalshi, contracts in the market ask traders if gas prices will cross various price points. Contracts are resolved using AAAs data.　　Tensions between the U.S. and Iran have escalated in recent weeks, putting in doubt the status of the Strait of Hormuz, a critical passageway for the global supply of oil, and pushing the commoditys price higher. On Monday, West Texas Intermediate crude futures were higher by

09-15Industry

UAE to Integrate Avalanche Crypto to Power Its Digital ID Infrastructure

Key Insights:Avalanche crypto (AVAX) will power the infrastructure for the UAE PASS Digital Vault, serving more than 12 million people.The Digital Vault will use blockchain to verify official documents and confirm they have not been altered.Avalanche Price stands at $7.41 as the UAE advances its national digital identity integration.　　Avalanche (AVAX) crypto is set to play a key role in the UAEs digital identity system as the country works to integrate its technology into the UAE PASS Digital Vault, giving more than 12 million users a secure way to access, verify, and share official documents through the national system with blockchain checks.　　Avalanche Crypto To Support UAE PASS Digital Vault　　The UAE is moving to integrate Avalanche technology into its national digital identity system, marking a major step for blockchain use in government services. The integration will focus on the UAE PASS Digital Vault, which allows users to access and share verified official documents.　　Notably, the project involves the UAEs Telecommunications and Digital Government Regulatory Authority (TDRA) working with Deca4 to bring Avalanche technology into the Digital Vault infrastructure. According to Avalanche, the system will serve more than 12 million people.　　UAE PASS is the countrys national digital identification system. It allows citizens, residents and

09-15Industry

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