Crypto Industry News & Market Trends

Dogecoin price rises 3%—but $0.09 still stands in the way

On Sunday, September 13, Dogecoins price surged by nearly 3% to reach $0.0848, continuing its recovery from the August lows.　　While some analysts believe the memecoin may be forming a base for a more significant rebound, a familiar obstacle around $0.09still stands before DOGE to gather enough support for a clear run to and move beyond $0.10.　　Dogecoin attempts to leave its decline behind　　DOGE traded as high as $0.08496at the time of writing, with volume hitting 141.53 milliontokens. Buyers have stepped in when it approached $0.08, keeping DOGE from returning to its recent lows.　　The recent rise arrives after a difficult few months for Dogecoin, seeing it drop from above $0.11in May and falling briefly to below $0.07in August.　　That decline has slowed with DOGE mostly between $0.08 and $0.009. The tighter range is seen by some analysts as evidence that sellers are losing control.　　The road to $0.10 remains difficult　　The nearest test is between $0.088 and $0.09. DOGE has struggled around the level multiple times since the August rally, and buyers have not been able to keep its price above the level.　　If it sees a successful move beyond $0.09, it would bring $0.10back into view, but as it stands with the latest price, it

09-15Industry

OpenAIs Sam Altman Warns Humans Could Lose Control of AI

In briefAltman said AI progress should slow to accommodate safety checks and monitoring.OpenAI now prepares safety cases ahead of certain training runs, he said.He welcomed federal rules but urged companies to begin the work themselves.　　OpenAI CEO Sam Altman says AI companies should accept slower development to make their systems safer and begin strengthening safeguards without waiting for legislation.　　In a post on X on Sunday, the head of the company behind ChatGPT said AIs rapid development risks putting the future beyond human control or concentrating too much power in a single person or company, noting “two ways AI progress could go very badly and that we must avoid.”　　Myriad: How high will Nvidia trade in Sept？ Click to make your prediction.　　“First, we could lose control of the future to AI. This is unacceptable; we are unapologetically on Team Humanity, and AI must always serve people,” Altman wrote. “To ensure that, we need ways to ensure that alignment and safety techniques stay ahead of progress in model capabilities.”　　The second, Altman warned, is that power could become concentrated in one person or company, allowing them to use extraordinarily powerful AI to impose their worldview on everyone else with potentially dystopian results.　　“Avoiding these two threats

09-15Industry

Kraken brings DeFi yield to tokenized stocks and ETFs

Crypto exchange Kraken has launched onchain yield vaults for select tokenized stocks and ETFs, allowing clients to earn returns by lending the assets through decentralized finance protocols, according to a Monday announcement.　　The new xStocks vaults support tokenized versions of the SPDR S&P 500 ETF (SPYx), Invesco QQQ ETF (QQQx) and Nvidia (NVDAx), with yield generated by lending the assets through onchain markets. Yield is paid in the deposited xStocks, while withdrawal requests are processed within three days.　　The vaults use the same infrastructure as Kraken DeFi Earn, which launched in January and has since attracted more than $800 million in deposits, according to the company.　　The xStocks vaults are powered by Veda, with Sentora designing and managing the lending strategies used to generate yield. Assets are lent through DeFi markets such as Kamino on Solana, with Sentora setting exposure limits and monitoring collateral, liquidity and oracle conditions.　　The vaults are available to eligible Kraken clients in the European Economic Area and other markets, but are excluded in the United States, United Kingdom, Canada, Australia and the United Arab Emirates.　　Krakens launch comes amid rapid growth in tokenized equities. The distributed value of tokenized stocks and ETFs has climbed to about $2.84 billion, up from

09-15Industry

White House Crypto Council Director Patrick Witt Backs New CLARITY Act Stablecoin Rules

White House Crypto Council Director Patrick Witt has backed new stablecoin rules included in the latest CLARITY Act draft. The changes seek to limit stablecoin rewards while giving the U.S. Treasury more authority if bank deposits come under pressure.　　The updated text comes at the same time as a Senate cloture vote, though the legislators remain in discussions on stablecoin returns and bank safeguards.　　Ad　　Ad　　Patrick Witt Defends Stablecoin Reward Rules　　Witt said crypto companies have offered stablecoin rewards for years without causing the deposit flight feared by banks. He argued that bank deposits have continued rising rather than falling.　　“If the deposit flight myth were true, it would have already happened,” explained Witt. He said data available reveals that deposits are trending upward rather than downward.　　Discover more　　Trade Crypto Assets　　Open Trading Account　　Access Premium News　　Even so, Section 404 of the CLARITY Act limits stablecoin rewards that resemble interest paid on bank deposits. The new draft also introduces a “circuit breaker” based on anticipated deposit flight.　　Under the proposed mechanism, the Treasury secretary could impose further restrictions on stablecoin rewards if community banks lose deposits. If widespread deposit flight should occur within 18 months of enactment, the authority would come into effect.　　Witt said the compromise still gives banks

09-15Industry

Lummis Says Trump Accepts Ethics Curbs to Help Seal CLARITY

Sen. Cynthia Lummis said President Donald Trump agreed to tougher ethics rules for federal officials as part of efforts to secure support for the CLARITY Act. The latest package would also give state attorneys general new enforcement powers.　　Ethics rules expand　　The Wyoming Republican said in an X thread that the revised text includes the Tillis-Gallego ethics framework and more than 120 requests from Democrats. State attorneys general would be able to enforce the ethics provisions against federal officials.　　Related: BTC, ETH Dump Ahead of Tomorrows Crucial CLARITY Act Vote　　The rules would apply to the president, vice president, members of Congress, federal judges and their spouses. Lummis said they address potential conflicts involving their investments. She presented the changes as part of the agreement needed to advance the CLARITY Act.　　Crypto market provisions　　The latest text would give the Treasury Department powers to respond to a surge in stablecoin-related withdrawals from community banks. It would also tighten restrictions on affiliate trading and conflicts of interest involving digital-commodity firms.　　The Blockchain Regulatory Certainty Act section now focuses on Bank Secrecy Act requirements and civil enforcement. The bill also outlines consumer protections and safeguards for developers.　　Republicans have described the revised package as their “last, best and final” offer

09-15Industry

Aave V4 proposal would put DAO funds first in line to absorb lending losses

Aave V4 lenders supplying wrapped Ether (WETH), USDC or USDT to its Core liquidity Hub on Ethereum would receive a bad-debt backstop under a Sept. 11 proposal from TokenLogic. The Umbrella plan would put Aaves DAO first in absorbing losses, followed by volunteer underwriters, while limiting this initial coverage to those three lending markets.　　Related Asset Aave #38 AAVE · $132.36 24-hour change: up 4.60% Loading price history… 24H Up 4.60% 7D Down 0.12% 30D Up 52.86%　　The proposed underwriting targets are 800 ETH for Core WETH, 400,000 USDC for Core USDC and 400,000 USDT for Core USDT. TokenLogic sized them for six to eight weeks of expected loan growth. They are targets for a proposed configuration, not balances already committed to protecting lenders.　　For suppliers, the boundary is the specific reserve, or asset pool, receiving their deposit. Coverage for Core USDC would not extend to USDC supplied to another Hub, even though the token is the same. Capital allocated to one Hub asset cannot clear another reserves deficit.　　Related Asset WETH WETH · $3,588.42 24-hour change: up 1.27%　　Who would absorb losses？　　Bad debt arises when liquidation exhausts a borrower‘s collateral but leaves debt unpaid. Under the proposed framework, Aave’s DAO would absorb an initial

09-15Industry

Swiss Bitcoin Pay shuts down servers as hacker gains access to customer info

Swiss Bitcoin Pay shut down its entire server infrastructure on Monday after concluding that an intruder had probably reached its internal systems. 　　The firm is warning that customer email addresses, Bitcoin addresses, bank IBANs, transaction histories and hashed passwords may have been exposed. Despite this, the company says no customer money is at risk.　　Why did Swiss Bitcoin Pay take its servers offline？　　Swiss Bitcoin Pay revealed on its official account on X that the team is still working out what it is dealing with after a malicious user reportedly gained access to the firms internal systems. The post stated that the servers were being shut down “as a precaution” during the investigation.　　Discover more　　NEWS　　Currencies & Foreign Exchange　　finance　　Swiss Bitcoin Pay has not said how many customers are affected, how the attacker got in, or whether data was copied out or merely viewed. It has also not given a date for the resumption of its services.　　Swiss Bitcoin Pays non-custodial design functions by letting payments pass straight from customer to merchant. With this system, customer funds are completely walled off from the compromised systems, and no unauthorized Bitcoin movements have been identified.　　However, in a follow-up reply on X, Swiss Bitcoin Pay explained that it does

09-15Industry

Balancer Proposes Shutting Down and Returning Its $9 Million Treasury to BAL Holders

Holders would burn BAL for a pro-rata share of the treasury starting May 2027. Pools move to withdrawals-only on Oct. 30. BALs market cap is $7.7 million.　　Balancer would stop operating and hand its treasury back to token holders under a proposal posted to the protocols governance forum on Monday. The post cancels the buyback token holders approved in April and replaces it with a redemption that burns BAL for treasury assets.　　The treasury is worth more than the token. Balancer‘s managed treasury is at least $9 million at current prices, the proposal says, citing the figure reported by treasury manager kpk. BAL’s market capitalization is $7.71 million, according to CoinGecko. The proposal excludes BAL itself from the distribution, so redeemers would receive the other assets the DAO holds, in kind and pro rata.　　The author is Marcus Hardt, who was added to Balancers Treasury Council and to the Foundation and OpCo director multisigs under BIP-918, the April restructuring. A Snapshot vote is scheduled for Sept. 25 to 29, with a quorum of 5 million BAL. The proposal asks for a winddown budget of $150,000 from Nov. 1 to May 2027, $30,000 from then to a final sweep, and a $220,000 reserve drawn

09-15Industry

Banks and state attorneys general challenge CLARITY Act ahead of vote

Eight banking associations and 17 state attorneys general have challenged parts of the CLARITY Act before a Sep. 15 procedural vote that requires 60 Senate votes.　　Eight banking associations wrote to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer on Sep. 14, requesting changes to the CLARITY Act before the Senate considers whether to advance it.　　Although the associations supported creating lasting rules for digital assets, they argued that the current language could let crypto companies offer stablecoin rewards that function like interest on bank deposits. Their requests center on Section 10404, which covers payments and incentives linked to payment stablecoins.　　The banking letter adds another dispute to the Senate negotiations as lawmakers try to gather the 60 votes needed to proceed. Separately, a coalition led by New York Attorney General Letitia James has warned that federal preemption provisions could restrict state securities enforcement and make it harder to pursue crypto fraud.　　Banks say stablecoin rewards could drain deposits　　Bank deposits fund lending to households, farmers, small businesses, and local communities, the associations said. In their view, stablecoins that offer incentives similar to deposit interest could encourage customers to move money out of regulated banks.　　“Deposits are the foundation of the banking system,”

09-15Industry

AMD Stock Drops Below $500 Despite Bullish Outlook

TLDRAMD stock fell about 5% on Monday, slipping below the $500 level as semiconductor shares weakened.AMD sees its AI-related market opportunity reaching about $2 trillion by 2030.The company expects its data-center business to double in 2027 and reach roughly $70 billion in sales.Supply constraints, insider selling and concerns over technology spending are adding near-term pressure.The $530 level remains a key resistance zone, while support sits near $463.　　AMD stock fell about 5% on Monday, dropping below $500 after last week‘s rally lost momentum. The pullback came as investors reassessed semiconductor shares and the pace of technology spending. The decline followed strong gains tied to comments from CFO Jean Hu about AMD’s long-term growth opportunity.　　Advanced Micro Devices, Inc., AMD　　Insider selling also drew attention during the latest move. Such transactions do not always signal weaker business conditions, but sales near high valuations can make investors more cautious. AMD stock has advanced strongly this year, leaving traders focused on whether earnings growth can support the current valuation. That backdrop has increased attention on valuation, earnings execution, and the timing of growth.　　Discover more　　Access Premium News　　Compare Exchange Rates　　Deploy Cloud Servers　　AMD Targets $2 Trillion AI Market　　AMD estimates that its AI-related market could reach about $2 trillion by

09-15Industry

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