Crypto Industry News & Market Trends

Chainflip loses 736,442 USDT in TRON exploit

Chainflip has lost 736,442.17 USDT through six unauthorized payouts after an attacker exploited its handling of TRON transaction memos.　　Chainflip said in a Sept. 13 incident update that the attack targeted its TRON USDT integration during the early hours of Sept. 12. The cross-chain protocol paused operations while its developers investigated the transactions and prepared a fix.　　One legitimate user swap worth 115,654.41 USDT remains unpaid. Chainflip said the funds are still held in its vault and can be released after the network restarts. The protocol reported that no other funds were affected.　　The loss figure and attack sequence represent Chainflips current findings. No independent security assessment confirming the full account had been published as of Sept. 13.　　An update on yesterdays exploit affecting Tron USDT.　　736,442.17 USDT was taken. All other funds are unaffected and secure, and impacted users will be made whole.　　The network stays paused while we finalise the fix and the restart plan.　　Full update: https://t.co/LTWSqLBOn3　　— CHAINFLIP (@Chainflip) September 13, 2026　　Chainflips TRON USDT integration paid deposits twice　　Chainflip uses transaction memos to read swap instructions attached to TRON transfers. On most other supported blockchains, the protocol receives instructions through dedicated contract functions.　　According to the incident report, the attacker found a way to attach a

09-13Industry

Bitcoin's Price Looks Shaky at $76K, but the Trend Says Otherwise

Bitcoin‘s price is sitting between $76,400 to $76,700 per unit on Sunday morning, which sounds pretty uneventful until you look under the hood. Short-term momentum has gone sour, BTC has been turned away twice from roughly $82,300-$82,800, and several averages immediately overhead are now working against it. Yet zoom out far enough and almost the opposite picture appears. Bitcoin’s price is still trading above nearly every major longer-term moving average. The bears have the short game. The bulls still own much of the long one.　　Key TakeawaysBitcoin‘s price sits near $76,400 to $76,700 over the last hour after Sept. 12’s wild $79,837-to-$76,040 swing.The daily charts 11 oscillators lean bearish, but 9 of 15 moving averages remain bullish.Bitcoins price needs to reach roughly $78,500 per coin, and losing $76,000 would put lower support in play.　　1-Hour Chart Outlook　　That makes the 1-hour chart a good place to see just how messy things have become. On Sept. 12, bitcoins price shot all the way to $79,837 before getting hammered down to $76,040, a $3,797 trip from top to bottom.　　Since that shakeout, the fireworks have mostly stopped. BTC has spent its time squeezed between roughly $76,600 and $77,300, with the latest trades around $76,817-$76,819, and Sunday

09-13Industry

Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers

Open Jupiter, tell it you want to swap SOL for USDC, check the price, and press the button. From the users point of view, there is not much more to it.　　Related Asset Solana #7 SOL · $99.66 24-hour change: down 2.19% 24H Down 2.19% 7D Down 6.12% 30D Up 32.43%　　So its only natural to assume that Jupiter is where the trade happens. In reality, Jupiter is closer to a search engine for liquidity. Its software looks across different places willing to take the other side of the trade, compares what they are offering, and sends the order toward the best route it can find. Its current system can choose among ordinary decentralized exchanges, proprietary automated market makers, or propAMMs, and a request-for-quote network where professional market makers compete to quote a price.　　The user sees one interface and one price, while underneath it several very different kinds of markets can be competing for the same order.　　Related Company Jupiter Solana-based decentralized exchange　　So the person selling you USDC might not be another user or a public pool funded by thousands of strangers. It could be a professional trading operation using its own money and pricing software, with no consumer-facing exchange and no pool

09-13Industry

Reform UKs £72M donations face new legal test

Reform UK has received £72 million, approximately $97 million, from crypto billionaires Christopher Harborne and Ben Delo through two matching donations announced within 24 hours.　　The Guardian reported on Sept. 12 that Harborne gave £36 million to Nigel Farages party one day after Delo announced an equal contribution. Each gift matched the largest individual political donation recorded in the U.K., according to the newspaper.　　Harborne is an investor in stablecoin issuer Tether and cryptocurrency exchange Bitfinex. Delo co-founded BitMEX, one of the earliest major cryptocurrency derivatives exchanges.　　Neither donor said the latest money was transferred in cryptocurrency. Reports covering the contributions did not identify their payment method, making the donors industry connections separate from the proposed ban on political donations paid with crypto assets.　　Reforms £72 million donations from two crypto-billionaires could be illegal after ministers make new law retrospective – my report for @ObserverUK https://t.co/DZthlcntvi　　— Rachel Sylvester (@RSylvester1) September 13, 2026　　Reform UK says both £36 million donations are legal　　Reform UK maintains that it checked the donors and accepted both contributions under existing political-finance rules. A party spokesperson said the donations “comply strictly with Electoral Commission rules and UK law.”　　Harborne said he expected “nothing” in return, including a policy change or peerage. Farage said

09-13Industry

Tom Lee Says Crypto Will Be “Really Bullish” For the Next 12 Months

Tom Lee says the next 12 months will be “really bullish” for crypto. The Wall Street strategist has reason to hope he is right, because the company he chairs sits about $5 billion underwater.　　Lee runs research at Fundstrat Global Advisors and chairs BitMine Immersion Technologies, which holds 5.93 million ether.　　Sponsored　　Sponsored　　The Worst is Over for Crypto Markets？　　His first argument is that the pain already happened. On October 10 last year, a threat of 100% tariffs on China set off the largest liquidation crypto has seen. More than $19 billion in leveraged bets vanished in a day.　　The borrowed money went with it, Lee says. He reads the bottom of cryptos four-year cycle, a rhythm many traders use to time the market, as next month.　　Prices have not caught up. Bitcoin (BTC) trades near $77,315, roughly 39% below its record above $126,000, set days before that crash. Ether has added 3.2% in 24 hours to about $2,533.　　Bitcoin and Ethereum Price Performance. Source: TradingView　　“I think its going to be a really bullish period for crypto for the next 12 months,” Lee told Wealthion.　　Sponsored　　Sponsored　　A $20 Trillion Bet on Wall Street　　The bigger idea is tokenization. That means moving stocks, bonds and funds onto blockchains instead of the

09-13Industry

Can AI Build a Startup in 72 Hours？ Elon Musk's Team Will Livestream the Test

Three employees at Elon Musks AI company will try to build a startup in 72 hours using AI agents, with every product, engineering, and business decision streamed live from September 15 to 17.　　The company has no name, no product, and no idea yet. Matt Palmer, Lauren Tan and Roshan Sadanani are meant to choose all three on camera as they go.　　Sponsored　　Sponsored　　What the 72-Hour Build Involves　　The event, called Grok Bot Galaxy, runs at a San Francisco venue with a worldwide livestream. Sessions run from 8.30 a.m. to 6 p.m. Pacific time each day.　　The company name has not been announced. Matt Palmer, Lauren Tan and Roshan Sadanani will start from a blank slate during the Grok Bot Galaxy livestream (Sept 15-17) and decide the idea, plan and name in real time as they build.　　— Grok (@grok) September 12, 2026　　Grok Bot is SpaceXAIs agent product, not the Grok chatbot that answers questions on X (Twitter). The company describes it as a team of AI agents that users can name, assign objectives, and set loose across apps and websites.　　BeInCrypto has covered the product since before laits unch, including a Grok Bot domain dispute in which an anonymous owner demanded $1 million.　　The three builders will

09-13Industry

Solana founder questions motives behind AI slowdown

Solana co-founder Anatoly Yakovenko has questioned the financial motives behind an AI slowdown proposal backed by Dario Amodei, Sam Altman and Elon Musk on Sept. 13.　　SummarySolana co-founder Anatoly Yakovenko linked AI pacing proposals to profitability at trillion-dollar market capitalization levels.Dario Amodeis plan calls for embedded evaluators, industry coordination and possible international safety agreements eventually.OpenAI CEO Sam Altman endorsed embedded outside evaluators and promised further implementation details soon publicly.Elon Musk backed Amodeis proposal with a brief statement reported by Reuters on Saturday publicly.David Sacks argued laboratories could slow voluntarily without requiring a coordinated regulatory framework from competitors.　　Yakovenkos X post reduced his response to four words: “Profitability at $1 trillion mcap.” He did not identify which company the figure referred to or provide revenue, valuation or profitability calculations supporting the comment.　　The remark responded to a debate started by Anthropic CEO Dario Amodei, who published an essay calling for slower advances in frontier artificial intelligence. OpenAI CEO Sam Altman endorsed part of the proposal, while Musk wrote that “Dario is right,” according to Reuters.　　Profitability at $1t mcap https://t.co/wEpIG4cJ9N　　— toly ???????? (@toly) September 13, 2026　　You might also like:　　Solana price loses $100 as Supertrend turns bearish　　Yakovenko links AI pacing to financial incentives　　Yakovenkos comment presented profitability

09-13Industry

Crypto wallet creators now have just 24 hours to alert regulators when flaws are exploited

Commercial manufacturers whose connected hardware wallets or wallet software meet the European Unions product test must now warn cyber authorities within 24 hours of discovering an actively exploited vulnerability or severe security incident.　　The requirement took effect Sept. 11, 2026, under the EUs Cyber Resilience Act, or CRA. The European Commissions reporting guidance says the clock applies to manufacturers of products with digital elements.　　The CRA is a horizontal product law. The Commissions implementation FAQ says it applies to hardware and software made available on the EU market. The legal test also requires the products intended or reasonably foreseeable use to include a direct or indirect data connection to a device or network.　　A commercially supplied connected hardware wallet or downloadable wallet app can meet that test. However, EU guidance does not name wallet brands or declare every wallet service or project covered. Coverage depends on the specific product, how it is supplied and any applicable exclusion.　　What manufacturers must report　　The first filing is an early warning due without undue delay and no later than 24 hours after a manufacturer becomes aware of the vulnerability or incident. It must indicate, where applicable, the member states where the product is known to have been made

09-13Industry

Anthropic chief urges slowdown in AI development to safer pace

Anthropic CEO Dario Amodei said in a blog post on Saturday that the speed of AI development is too fast and that left unchecked it may “outrun our ability to understand and control these systems.”　　He noted that AIs current blistering advance is being driven by its own increasing ability to build the next generation of AI, or recursive self-improvement.　　Amodei also cited the OpenAI-Hugging Face incident in July, in which a swarm of agents acted as a “fanatically devoted collective,” breaking out of their testing environment and attempting to hack into a grader evaluating their performance.　　He said he worries that in six to 12 months, such a swarm might be capable of taking over the entire internet. Amodei is not alone in his anxieties.　　Elon Musk, head of SpaceXAI, posted on X that “Dario is right.”　　Altman will not launch IPO this year, focus on safety　　OpenAI CEO Sam Altman said in an interview with Fortune published on Saturday that his company would not seek an IPO this year because it will focus on safety and how “the industry and governments can work together.”　　Altman later posted on X that he agreed on slowing the pace of AI development and having independent evaluators with employee-like

09-13Industry

Former RippleX Executive Says XRP Has a “Killer Use Case”

RippleX Head of Product Jazzi Cooper made a bold declaration this week. Using XRP as collateral for institutional credit, she said, represents a genuine “killer use case” for the token.　　Responding directly on X, Cooper confirmed the framing. She noted it is fully enabled by the XLS-65 and XLS-66 lending protocol, now live on the XRP Ledger.　　Sponsored　　Sponsored　　Yes – XRP as collateral for institutional credit is a killer use case (and supported by xls65/66 lending protocol!)　　— Jazzi Cooper (@jazzicoop) September 11, 2026　　What the Lending Protocol Actually Unlocks　　The declaration marks a shift beyond XRPs traditional role in cross-border payments. Market makers and institutional traders can post XRP as collateral to secure credit lines without liquidating their positions.　　The protocol introduces native fixed-term, fixed-rate lending through Single Asset Vaults. That structure, in turn, lets institutions treat XRP as productive working capital. Institutions still retain full control over underwriting and compliance decisions off-chain.　　Commentator Bill Morgan expanded on the significance. He noted the use case was not even possible before the SEC lawsuit against Ripple concluded. It only became viable, in other words, once the lending protocol launched on XRPL.　　Morgan pointed to Ripple Prime, which already accepts XRP as eligible collateral alongside Bitcoin, RLUSD, fiat, gold, and

09-13Industry

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