Crypto Industry News & Market Trends

UK crypto firms get five-month window to seek FCA approval

UK crypto firms have been given a five-month application window, from Sep. 30 to Feb. 28, to seek Financial Conduct Authority approval before a new regulatory regime is expected to take effect in October 2027.　　The Financial Times published a letter from Zumo founder and CEO Nick Jones, who said the application window gives firms a route into a UK market that some financial institutions had previously considered “too difficult.” In his view, uncertainty over regulation and the risks posed by business partners had held institutions back, even where they understood digital assets and wanted to offer related products.　　The FCAs published timetable puts an exact date on the next step: applications open on Sep. 30, 2026, close on Feb. 28, 2027, and the new regime is expected to begin on Oct. 25, 2027. The regulator opened a pre-application support service in July to help firms prepare before they file.　　UK crypto firms must apply for new permissions　　Under the incoming rules, a firm carrying out regulated crypto activities will need FCA authorisation or a change to its existing permissions. The FCA says its current crypto oversight has focused mainly on anti-money-laundering registration and financial promotions; the 2027 framework will bring more activities into

09-12Industry

Bitwise is closing the lowest-fee Dogecoin ETF after rivals captured nearly all the capital

Bitwise is closing its Dogecoin ETF after investors largely bypassed the fund in favor of competing products.　　Related Asset Dogecoin #11 DOGE · $0.08 24-hour change: up 0.85% 24H Up 0.85% 7D Down 1.13% 30D Up 20.39%　　On Sept. 10, the asset manager said the Bitwise Dogecoin ETF, or BWOW, will stop trading on NYSE Arca on Oct. 14 and be liquidated the following week, less than 11 months after launch.　　Bitwise said the liquidation is part of an effort to optimize its product lineup as investor needs evolve. Share creation will stop before trading opens Oct. 15, with remaining investors expected to receive cash based on the funds Oct. 21 net asset value around Oct. 22.　　The closure comes as the broader US Dogecoin ETF market continues to attract modest capital. SoSoValue data show the category has recorded about $12 million of cumulative net inflows and manages roughly $11.83 million in assets.　　Related Company Bitwise The first cryptocurrency index fund　　BWOW accounts for only about $700,000 of those assets and has recorded roughly $1.23 million of cumulative net outflows.　　Dogecoin is the original memecoin and a proof-of-work payment network launched in 2013. CryptoSlate data ranks DOGE as the 11th-largest cryptocurrency by market capitalization, with a market

09-12Industry

Coinbase Releases 'Pulse Mode' Feature Alongside Wallet Upgrade, CEO Reveals

Just a few hours after Coinbase announced a major update to its Base App, rebranding the app to become “Coinbase Wallet,” the company has rolled out a new feature alongside the upgrade.　　While the move aims to attract more users to the Coinbase ecosystem, it has also expanded its services, fortifying its position as one of the top leading cryptocurrency exchanges across the globe.　　“Pulse Mode” feature activates　　In a recent post shared on X, Coinbases CEO, Brian Armstrong, showcased the new feature dubbed “Pulse Mode” while encouraging users to download the app to explore the new trading experience.　　According to him, Coinbase activated the new “Pulse Mode” feature on Coinbase Wallet to offer users a simpler and more engaging way to trade perpetual futures (perps) directly through the mobile app.　　Details shared by other team members describe Pulse Mode as a design that was built to streamline perp trading for mobile users by simplifying the interface and making the process more accessible to traders who want to execute positions immediately.　　In addition to this, the Pulse Mode feature also introduces a more dynamic and visually engaging interface for the purpose of attracting the interest of active traders.　　How to access Coinbases Pulse Mode　　While the new feature

09-12Industry

BIS warns AI could cut banks patching window to minutes

Advanced AI has cut the time banks may have to repair software flaws from weeks to minutes, according to a new Bank for International Settlements paper that calls for faster security decisions and patching.　　The Bank for International Settlements paper, published on Sep. 9 by its Financial Stability Institute, says banks need to shorten the time between finding a weakness, approving a fix, and installing it. Its authors identify AI systems that can find vulnerabilities and turn them into working attacks as the main change facing financial firms.　　“The window between vulnerability discovery and exploitation has narrowed from weeks to minutes,” the authors wrote. The paper does not say every flaw can be exploited that quickly. It argues that regular security reviews and fixed maintenance schedules may leave firms exposed when an attack can be prepared before the next planned repair.　　BIS says faster attacks require faster bank decisions　　According to the paper, the U.K. Financial Conduct Authority has found that firms are struggling to respond as quickly as vulnerabilities are being discovered. The Institute of International Finance has urged firms to install urgent fixes outside normal maintenance periods, even when doing so requires planned downtime.　　Separate voluntary guidance from the U.K.s Cross Market Operational

09-12Industry

Revolut exposed Bitcoin records after fake agency request

Revolut has disclosed customer identities and financial records, including Bitcoin transaction histories, after acting on a fraudulent request that appeared to come from a government agency.　　SummaryRevolut said an unauthorized sender used an official government agencys email domain.The disclosed records included identity documents, verification selfies, and full transaction histories.Bitcoin wallet reference numbers appeared in account statements listed in the customer notice.ZachXBT said the incident appeared limited and may have targeted high-net-worth users.　　According to a Revolut customer notice shared on Telegram by on-chain investigator ZachXBT, the request came from an unauthorized email account that used an official government agencys domain. The message passed domain authentication checks, and Revolut said it believed the request was genuine when it provided the information.　　Source: Telegram/zachxbt　　The notice does not name the agency or say how the unauthorized sender obtained access to its email domain. It also gives no date for the request or the disclosure. ZachXBT said multiple customers received an alert email on Friday, Sep. 11, but neither he nor the portion of the notice shown in his post gave a confirmed count of affected users.　　You might also like:　　Revolut plans US bank and stablecoin after conditional OCC approval　　How the fake request reached Revolut　　In its account of

09-12Industry

NFT sales rise 6.8% to $46.8M as Bitcoin trades surge

NFT sales reached approximately $46.78 million over the seven days ending Sep. 12, up 6.8% from the previous seven-day period, according to CryptoSlam data. Ethereum led blockchain sales, while a small number of high-value Bitcoin transactions accounted for much of the weeks activity.　　SummaryNFT sales rose 6.8% to $46.78 million across the seven-day reporting window.Buyer addresses fell 84.67% to 41,959, even as transactions rose 48.75% to 917,549.Ethereum led blockchains with $16.83 million in sales, down 6.36%.Bitcoin sales climbed 50.12% to $9.44 million, helped by several large BRC-20 NFT trades.Polygon-based Courtyard topped collections with $6.67 million in sales across 104,404 transactions.　　According to data from CryptoSlam, the increase in dollar sales came alongside a steep drop in the addresses recorded as buyers and sellers. Buyer addresses fell 84.67% to 41,959, while seller addresses declined 85.13% to 43,247. The dashboard recorded 917,549 transactions, up 48.75%.　　Those counts describe addresses, not confirmed individual buyers or sellers. They also show why the higher sales total needs context: more transactions took place despite far fewer addresses appearing in the buyer and seller figures.　　Ethereum leads NFT sales with $16.83 million　　Ethereum remained the largest blockchain for NFT sales at $16.83 million, although its total fell 6.36% from the prior period.

09-12Industry

Crypto VC funding: Payward‘s $100M deal leads Latitude’s $35M round

Crypto companies announced $151 million in disclosed financing across five deals from Sep. 5–11, 2026. The largest was Nasdaq Ventures‘ agreement to invest $100 million in Kraken parent Payward; Latitude’s $35 million Series A ranked second.　　SummaryFive disclosed deals totaled $151 million, including Nasdaq Ventures $100 million agreement to invest in Payward.Latitude raised $35 million in a Series A for stablecoin-based cross-border payments.Antarctic Exchange announced a $7 million financing tied to its derivatives trading platform.RealGo reported $6 million in strategic funding, while geospatial data project TINA announced $3 million.TRM Labs disclosed a new investment at a $2 billion valuation but did not reveal its size.　　The total includes Nasdaqs announced investment agreement, which the companies did not describe as a completed payment. It excludes funding rounds with undisclosed amounts, company valuations, and acquisitions.　　The deal inventory draws on CryptoRank‘s funding database and Crypto Fundraising’s deal records, with transaction details checked against company, investor and other reporting sources. The disclosed total counts each of the five dated financings once.　　Payward secures Nasdaqs $100 million investment agreement　　Nasdaq said on Sep. 10 that its venture arm had agreed to invest $100 million in Payward, the parent company of Kraken. The announcement described an agreement to invest, so

09-12Industry

Blockstream bets 600 Bitcoin by rejecting Liquid hackers $50 million bounty demand

Blockstream is refusing to pay the Liquid attacker nearly 600 Bitcoin (roughly $50 million), escalating a dispute over how the crypto industry should reward partial restitution.　　Related Asset Bitcoin #1 BTC · $77,325.65 24-hour change: up 0.04% 24H Up 0.04% 7D Down 2.98% 30D Up 21.18%　　The standoff follows an unusual recovery from the Sept. 6 exploit, when a vulnerability allowed the attacker to create about 4,000 unbacked L-BTC and withdraw roughly 3,996 real BTC through SideSwap.　　The attacker returned 3,400 BTC after Blockstream patched affected nodes, then demanded a 10% bounty paid from Blockstreams own funds and warned that holders could otherwise bear a roughly 15% shortfall.　　Table compiles on-chain messages attributed to the Liquid hackers and Blockstream, including PGP-signed exchanges and transactions connected to the return of 3,400 BTC. Source: Galaxy Research　　On Sept. 11, Blockstream rejected the demand and said it would pursue the remaining funds through law enforcement, exchanges, service providers, and forensic specialists if they are not voluntarily returned.　　Related Company Blockstream Blockchain technology company　　The decision has opened a broader argument over whether refusing to compensate an attacker who returned about 85% of the haul strengthens deterrence or gives the next hacker less reason to return anything.　　Blockstreams rare recovery turns into

09-12Industry

Bitcoin ETFs lose $462.7M as Ethereum funds gain $196.9M

U.S. spot Bitcoin ETFs have lost $462.7 million during the September 8–11 trading week, while Ethereum funds have gained $196.9 million and Solana funds have drawn a smaller $9.7 million inflow.　　SummaryBitcoin ETFs recorded net outflows in all four trading sessions, led by a $282.7 million loss Thursday.Ethereum ETFs gained $216.4 million Friday, turning their weekly total positive.Solana funds added $9.7 million, while Hyperliquid funds lost $26.5 million.The four ETF groups tracked by Farside posted a combined $282.6 million net outflow.　　Farside Investors‘ Bitcoin ETF data shows that the funds lost money each day from Tuesday through Friday. U.S. markets were closed Monday, September 7, for Labor Day, leaving four sessions in the reporting week. Farside’s separate tables put Ethereum and Solana funds in positive territory, while Hyperliquid funds ended with outflows.　　Bitcoin ETF losses peaked on Thursday　　Bitcoin funds began Tuesday with $46.6 million in net outflows. The daily loss rose to $120.2 million Wednesday and $282.7 million Thursday before easing to $13.2 million Friday, according to Farside. The four sessions erased part of the $986.7 million that the same funds had gained in the previous trading week.　　ARK 21Shares‘ ARKB had the largest weekly outflow among individual Bitcoin funds at $234.2 million. Its

09-12Industry

Symbiosis halts BTC bridge after exploit, spotlighting cross-chain risk

Symbiosis shut down its native Bitcoin bridge on Friday after an attacker exploited its BridgeV2 contract to mint a huge amount of unbacked synthetic BTC. Yet the attacker managed to extract only about $336,000 in real value.　　The importance of that gap cannot be overlooked. It is important to emphasize that Bitcoins security was not compromised, rather it is the infrastructure by which BTC crosses into DeFi that proved to be vulnerable.　　This incident occurred only days after the Liquid Network breach that resulted in a loss of $320 million, thus making one wonder just how safe the cross-chain infrastructure is after making the observation that Bitcoin is secure, yet its bridges are failing repeatedly.　　BTC routes halted while the rest of the network stayed open　　Symbiosis revealed on X that it found evidence of the Bitcoin Bridge attack on September 11 at about 04:28 UTC and stopped BTC routing right away. However, other routing protocols continued to function.　　In the Delta Incident Archive, the incident is classified as DCI-2026-304, which says that BridgeV2 processed an incorrect message that led to more than 2^62 syBTC being generated on BNB Chain and Ethereum.　　As a result, the criminal managed to convert a portion of this illegitimate balance

09-12Industry

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