Crypto Industry News & Market Trends

Elbit Systems Ltd. (ESLT) Stock: U.S. Maritime Defense Unit Enters New Brand Era

TLDR　　ESLT rises 1.62% to $719.97 as its U.S. maritime defense unit adopts a new name.Sparton and Logos Technologies now operate together as Twenty-Six Defense Maritime.The maritime unit keeps sonobuoys, undersea electronics and advanced imagery work.Twenty-Six Defense employs about 3,300 people across eight U.S. states in defense.Elbit keeps the historic Sparton name across its established sonobuoy portfolio.　　Elbit Systems Ltd. at $719.97, up 1.62%, after its U.S. maritime defense unit adopted a new identity. Sparton DeLeon Springs and Logos Technologies now operate as Twenty-Six Defense Maritime under Elbit Systems American business. The change keeps core maritime programs intact while aligning the unit with the broader Twenty-Six Defense brand.　　Elbit Systems Ltd., ESLT　　Twenty-Six Defense Maritime Replaces Sparton and Logos Names　　Twenty-Six Defense Maritime now combines Sparton‘s undersea defense operations with Logos Technologies’ advanced imagery capabilities under one operating name. The unit will continue producing high-performance sonobuoys, undersea electronics, sensing systems, and imagery solutions for U.S. defense customers. Donnelly Bohan will remain chief executive, providing leadership continuity during the transition into the new brand structure.　　Discover more　　Distributed & Cloud Computing　　Stocks & Bonds　　NEWS　　The rebrand follows the launch of Twenty-Six Defense, formerly known as Elbit Systems of America across its United States operations. That business employs about 3,300 people

09-10Industry

Japanese Yen: Strength builds against US Dollar ahead of BoJ decision – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight ongoing Japanese Yen (JPY) outperformance, with USD/JPY drifting toward key support near 153 and the 2026 low around 152. Markets fully price a 25 bp Bank of Japan (BoJ) hike on September 18. They see risks tilted to further Yen gains as positioning looks increasingly offside and resistance now comes in around 155.　　Upside risk for JPY as BoJ looms　　“The JPY is outperforming with a modest 0.2% gain and clearly ignoring the terms of trade implications of the latest rally in oil prices.”　　“Risk for the JPY remains firmly tilted to the upside as market participants assess the state of sentiment and positioning that look increasingly offside in a market that has shifted from official intervention support and evolved to fundamentally-driven BoJ-led gains.”　　“Data releases have been limited and the calendar remains relatively empty into the end of the week, offering little in terms of event risk ahead of the BoJ decision on September 18th—where a 25bpt rate hike is fully priced.”　　“For USD/JPY, recent price action leans toward support around 153 as we note the absence of any additional support ahead of the 2026 low near 152.”　　“In terms of resistance we now expect it at

09-10Industry

How Tether’s $45 million crackdown drove Southeast Asian scam compounds into an ‘unfreezable’ decentralized stablecoin

Tether is pursuing Xinbi Guarantee across its USDT payment network, freezing operational wallets as the sanctioned marketplace tries to keep transacting.　　Related Asset Tether USDT · Stablecoin　　Blockchain analytics firm Bitrace said on Sept. 9 that more than $45 million in USDT had been frozen across at least 22 operational addresses linked to Xinbi, including wallets used to receive, route, and withdraw funds.　　Xinbis Tether USDT Impacted Addresses (Source: Bitrace)　　The action targets a network already under government scrutiny. The UK sanctioned Xinbi Guarantee in March, identifying it as a major Chinese-language crypto marketplace and money-laundering hub serving Southeast Asian scam compounds.　　Tether targeted Xinbis USDT infrastructure　　The $45 million freeze reached beyond wallets simply holding Xinbi-linked funds.　　Bitrace said the targets included recently used deposit, intermediary, and withdrawal addresses, outgoing hot wallets operated by Xinbi payment service Xpay, and wallets belonging to third parties with close financial ties to the marketplace.　　That breadth suggests the action aimed to disrupt Xinbis ability to move money, rather than only immobilizing assets already sitting in known addresses.　　Bitrace contrasted the operation with a 2024 action against Huione Group, when about $29.6 million was frozen in a single address while other operational wallets remained usable. In Xinbis case, restrictions spread across the

09-10Industry

Messi Builds A Soccer Ownership Portfolio: Why He Purchased Eldense

FORT LAUDERDALE, FLORIDA – DECEMBER 06: Lionel Messi #10 of Inter Miami CF celebrates after winning and becoming champion following the Audi 2025 MLS Cup Final match between Inter Miami CF and Vancouver Whitecaps FC at Chase Stadium on December 06, 2025 in Fort Lauderdale, Florida. (Photo by Rich Storry/Getty Images)　　Getty Images　　Lionel Messis move to become the majority shareholder of Eldense is, on its surface, a modest transaction. This is not a superstar buying into a Champions League club or making a splashy statement purchase.　　Eldense plays in Spain‘s second division, is based near a small port city and just fired its manager after a poor start to the season. But the deal is worth more scrutiny than its size suggests because of what it reveals about Messi’s evolving post-playing priorities and because of the pattern it fits into.　　This is now the second Spanish club Messi has invested in, following his purchase of fifth-division Barcelona-based side UE Cornella this past April. Two acquisitions in quick succession is no longer a one-off gesture of goodwill toward the country that made him a superstar — its the start of a portfolio.　　An athlete moving into ownership after their playing days is hardly new. What‘s

09-10Industry

Secret Service Freezes $52.8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams

In briefThe U.S. Secret Service froze $52.8 million in USDT held across 52 wallets tied to Xinbi Guarantee on September 8, using intelligence from blockchain analytics firm Elliptic.Treasurys OFAC designated Xinbi a “significant transnational criminal organization” the same day, and the DOJs Scam Center Strike Force says it has now seized $938 million since launching in November 2025.Xinbi called the freeze “arbitrary” and moved $2.8 million into USDD, a stablecoin that lacks USDTs built-in freeze switch—though its reserves are partly backed by USDT anyway.　　The U.S. Secret Service froze $52.8 million in cryptocurrency linked to Xinbi Guarantee on September 8, a Chinese-language marketplace that runs on Telegram and sells the tools scammers need to defraud people worldwide.　　The government agents worked with Blockchain analytics firm Elliptic to identify and freeze the funds. “Elliptic has been tracking Xinbi and its wallet infrastructure for several years, and our intelligence directly enabled the freezing action, as well as the sanctions imposed on Xinbi today by the United States,” the company said today in a statement.　　Myriad: Next round of Iran peace talks？ Click to make your prediction.　　Fifty-two wallets were frozen beginning at 8am UTC on Sept 8, all holding USDT, Tethers dollar-pegged stablecoin. Two of those

09-10Industry

Bitcoin fails to reclaim $80K as Bessent fuels yen strength around 153 per dollar

Bitcoin (BTC) struggled below $80,000 on Wednesday as attention refocused on the Japanese yen.　　Key points:Bitcoin saw further macro headwinds as US-Iran strikes pushed Brent crude oil above $100 per barrel.The Japanese yen continued to trade around 153 per dollar, its highest levels since February as yen shorts stayed near record highs.US Treasury Secretary Scott Bessent hinted at further interventions in yen currency markets to come.　　Bitcoin lacks momentum as Iran strikes sour risk-asset mood　　Data from TradingView showed the local upside in the BTC/USD pair reversing as it attempted to revisit the $80,000 mark. BTC is currently down by around 0.4% on the day.　　BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　US stocks also drifted lower at the Wall Street open, fueled by fresh US strikes on Iranian oil tankers. The tensions helped send oil prices to new three-month highs, building on gains from the day prior.　　At the time of writing, WTI crude traded above $96 per barrel, while Brent crude surged above $101 per barrel for the first time since late July.　　CFDs on Brent crude oil one-day chart. Source: Cointelegraph/TradingView　　Traders also eyed fresh developments in the yen as Japans currency hit its highest levels against the dollar since February. It is currently at $0.0065, up

09-10Industry

U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction

U.S. Bank, the fifth-largest commercial bank in the United States, has completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.　　The pilot moved funds between U.S. Bank entities in North America and Europe, with USBDC issued and transferred on the public Stellar network. It also tested the stablecoin‘s minting, redemption, freezing and clawback functions while integrating with the bank’s existing risk, compliance and operations systems.　　The transaction validated U.S. Banks internally developed Digital Asset Platform, which connects tokenized assets with its traditional banking infrastructure, the bank said Wednesday. The Minneapolis, Minnesota-based bank is exploring additional uses including cross-border treasury operations, liquidity management and moving collateral onchain.　　The pilot builds on U.S. Banks broader push into digital assets. In October 2025, the bank established a dedicated Digital Assets and Money Movement unit focused on stablecoin issuance, crypto custody, asset tokenization and digital money movement.　　The countrys sixth-largest financial institution by assets, U.S. Bank has been testing custom stablecoin issuance on Stellar since at least November 2025, working alongside PwC and the Stellar Development Foundation.　　Related: Jack Dorseys Block seeks US trust bank charter for Bitcoin, stablecoin　　Banks deepen stablecoin push　　While American banks have pushed back against allowing stablecoin issuers and crypto platforms

09-10Industry

While Bitcoin Devs Debate Next Moves, IonQ Unveils Superion 256 Quantum Computer

In briefIonQ is taking orders for Superion 256, with customer deliveries scheduled for 2027.The company says electronics built into its chips will help it manufacture more systems at lower costs.Its first chips and prototypes mark progress, but IonQ has not disclosed results demonstrating a complete 256-qubit computers performance.　　Publicly traded tech company IonQ unveiled its Superion 256 quantum computer Tuesday, opening orders for a system it expects to deliver in 2027 as it works to expand production.　　The Maryland-based company builds quantum computers and offers access through cloud services. It also develops quantum networking, sensing, and security technology.　　Myriad: How high will Nvidia trade in Sept？ Click to make your prediction.　　“Superion is the result of two strategic acquisitions coming together to deliver this historic milestone,” IonQ Chairman and CEO Niccolo de Masi said in a statement. “Oxford Ionics enabled IonQ to control natural, trapped-ion qubits using standard electronics, and SkyWater unlocked the ability to manufacture at semiconductor costs and scale.”　　IonQ says its chipmaking subsidiary, SkyWater, has fabricated the first 256-qubit processors, and teams have trapped the first ions in prototypes at several U.S. facilities. A qubit is a quantum computers basic unit of information.　　An ordinary computer bit holds either a zero or a

09-10Industry

Bitcoin collateral, not trading volume, will signal real bank adoption: fintech veteran

Fintech veteran Wojciech Kaszycki has identified three tests for real bank adoption of Bitcoin: client custody balances, credit-funded spot trades and its use as loan collateral, following Standard Chartereds launch of deliverable BTC and ETH trading for eligible UAE institutions.　　SummaryStandard Chartered now offers institutional BTC/USD and ETH/USD trading through its existing electronic channels.Kaszycki said bank credit lines, custody, and back-office integration matter more than a familiar trading screen.Bitcoin-backed loans with published collateral haircuts would show that banks can price and manage the assets risk.Crypto-native venues may retain their advantage in weekend liquidity, derivatives, and trading outside banking hours.　　Standard Chartered has put Bitcoin trading on existing bank rails　　Standard Chartered said on Sept. 3 that eligible institutions can trade deliverable Bitcoin and Ether through its Dubai International Financial Centre branch, making it the first global systemically important bank to offer institutional digital asset spot trading in the UAE.　　The service supports BTC/USD and ETH/USD trades through the bank‘s existing electronic channels, including interfaces already used for foreign exchange. Clients can choose where their assets settle, either using Standard Chartered’s UAE custody platform or another custodian.　　As crypto.news previously reported, the bank introduced the UAE service more than a year after launching the same trading

09-10Industry

Trade groups seek to block Illinois crypto tax before January effective date

The Crypto Council for Innovation (CCI) and Blockchain Association (BA) are seeking to block Illinois from enforcing a 0.2% tax on cryptocurrency transactions before it takes effect in January 2027.　　The trade groups said Wednesday that they have filed a motion for a preliminary injunction in the Circuit Court of Sangamon County, Illinois to protect digital asset firms from suffering irreparable harm.　　“Companies are being asked to spend millions to build systems for a tax that violates their constitutional rights without answers to basic questions about what is taxed and when, all under the threat of criminal penalties,” said Ji Hun Kim, CCI CEO, in a statement. “These costs are being borne right now, against a Jan. 1 deadline, forcing companies to divert key resources and employees to a clearly unlawful tax.”　　The two groups last month filed a lawsuit challenging Illinois‘ digital asset tax on the grounds it violated the US Constitution, the state’s constitution, federal and state due process laws and the federal Internet Tax Freedom Act.　　Illinois Governor JB Pritzker signed the measure into law as a “privilege tax” in June as part of the states fiscal year 2027 budget, requiring crypto users to be taxed as applied to transaction volume

09-10Industry

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