Crypto Industry News & Market Trends

Malone Lam Faces Plea Hearing Over $245M Bitcoin Theft

In briefMalone Lam, 22, is due in federal court in Washington on Tuesday for a plea agreement hearing.Prosecutors say callers posing as Google and Gemini staff talked a Washington investor out of more than 4,100 BTC.The same indictment describes a racketeering group that also burgled homes to steal hardware wallets.　　Malone Lam, the 22-year-old Singaporean whom prosecutors identify as an organizer of the crew that took $245 million in Bitcoin from a single investor, is due in federal court in Washington on Tuesday for a plea agreement hearing.　　A man named in court filings only as Victim-7 was at home in Washington when callers claiming to be from Google and Gemini warned him his accounts were under attack. They talked him into installing remote desktop software and surrendering his security codes, then moved more than $245 million in Bitcoin out of his wallets.　　The indictment charges 18 people as a racketeering group it calls the Social Engineering Enterprise, with roles running from database hackers to callers to money launderers. It grew out of friendships formed in online gaming and worked from stolen crypto databases to pick targets. When a victim kept coins on a hardware wallet, prosecutors say, members flew to the house

09-08Industry

Trump Posts 7 Times About Renaming New Mexico ‘New America’

Topline　　President Donald Trump reiterated his suggestion that New Mexico should be renamed “New America” on Monday, posting seven times about the issue in the span of an hour in a Labor Day Truth Social spree—despite state leaders rejecting the idea.　　President Donald Trump speaks before signing executive orders related to beef processing and cattle ranchers, in the Oval Office of the White House in Washington, DC, on September 4, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)　　AFP via Getty Images　　Key Facts　　Trump posted a series of maps showing New Mexico renamed as “New America.”　　Trump on Sunday also posted an AI-generated video of himself pasting an “America” sticker over “Mexico” on a sign welcoming visitors to the state and a map with “Mexico” crossed out of the states name and replaced with “America,” which the White House reshared the image on its X account.　　Discover more　　FINANCE　　Explore Paranormal Gear　　Compare Exchange Rates　　Democratic leaders in the state blasted the suggestion: Gov. Michelle Lujan Grisham said, “New Mexico‘s name isn’t up for debate—its been ours since before the United States existed,” and accused the president of trying to “distract Americans from his disastrous war in Iran.”　　Democratic Sens. Martin Heinrich and Ben Ray Luján and Rep. Melanie

09-08Industry

Ethereum co-founder Vitalik Buterin says AI wont break Bitcoin

Ethereum co-founder Vitalik Buterin has pushed back against predictions that artificial intelligence could trigger a 50% Bitcoin crash within two years.　　The debate began after Silicon Valley investor and AI-risk commentator Liron Shapiro said he sees a 50% probability that Bitcoin will fall more than 50% over the next two years because AI undermines what investors believe are the networks security and robustness guarantees.　　However, Buterin took the other side of this position, saying:　　My basic reasons are that I am quite optimistic about cybersecurity in the long term and I see the primary problem as being getting the transition.　　Buterin argued that Bitcoin should be able to handle security failures that do not require social consensus, including attacks affecting clients, mining pools and other network infrastructure. He also placed a very low probability on AI producing a fundamental break in Bitcoins hashing functions or proof-of-work system.　　He said he would normally offer Shapiro a wager on the outcome, but his existing crypto holdings already amount to effectively making that bet with roughly 90% of his net worth. Buterin also suggested the same argument should apply to Ethereum.　　The disagreement captures a growing divide over what increasingly capable AI systems mean for crypto security.　　Shapiro‘s argument does

09-08Industry

AMD Price Prediction: $494 Is the Line in the Sand — Break It or Get Reset to $469

Zach Anderson　　Sep 07, 2026 10:08　　AMD tokenized stock is wedged at $484.51, pressed hard against upper Bollinger Band resistance while smart money runs a 70% long book — but taker sell flow is steamrolling buyers in real time, and …　　AMDs Technical Reality Check　　Right now, AMD tokenized stock is sandwiched in one of the more treacherous technical positions you can find on a chart. At $484.51, price has clawed its way back above the SMA7 ($469.83) and SMA20 ($470.26), which is a legitimate short-term positive — but it‘s hitting a wall where it counts. The 50-day SMA is sitting at $486.40, hovering directly overhead like a ceiling, and the upper Bollinger Band at $487.50 is barely 50 cents above today’s 24-hour high of $487.23. The %B position at 0.91 is about as close to the upper band as you can get without actually tagging it. Thats not a launching pad — thats compression against resistance.　　The momentum picture makes this more complicated, not less. RSI at 53.40 looks innocent enough in isolation, but pair it with a Stochastic %K screaming at 86.26 while %D lags at 69.01, and you have a short-cycle oscillator deep in overbought territory that RSI hasn‘t confirmed. That divergence

09-08Industry

Pound Sterling Price News and Forecast: GBP/USD climbs as USD fades, Hormuz risk keeps Fed in play

British Pound climbs as USD fades, Hormuz risk keeps Fed in play　　The Pound Sterling rises by over 0.23% amid thin trading conditions, as US markets remained closed for the Labour Day weekend, while the US-Iran conflict escalated, with both countries exchanging strikes around the Strait of Hormuz. The GBP/USD trades at 1.3541. Read More…　　British Pound edges higher against US Dollar, UK Chancellor Healeys speech eyed　　The British Pound (GBP) is marginally higher at around 1.3525 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair ticks up as the US Dollar struggles to attract bids despite the United States (US) Bureau of Labor Statistics (BLS) posting strong Nonfarm Payrolls (NFP) figures for August. Read More…　　Discover more　　Finance　　FINANCE　　Engineering bears seem hesitant　　The GBP/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and trades around the 1.3500 psychological mark during the Asian session on Monday. Moreover, spot prices hold above Fridays swing low, warranting some caution for bearish traders. Read More…

09-08Industry

Micron Is S&P 500s Top 5-Year Tech Winner After 1,313% Rally

Micron Technology has delivered one of the most extraordinary five-year runs in the S&P 500, and even Nvidia has failed to keep pace.　　MU closed Friday at $1,016.59, leaving the stock up roughly 1,313% over five years, according to StatMuse. Nvidia returned about 912% over the same period.　　Microns transformation is equally dramatic in dollar terms.　　Its market capitalization has climbed from roughly $104.2 billion at the end of 2021 to about $1.15 trillion today, an increase of more than $1 trillion.　　Micron leads AI peers over five years.Microns Five-Year Ranking Needs One Important Caveat　　StockMKTNewz post calls Micron the best-performing S&P 500 stock over five years.　　Using todays constituent list, that is not quite the case.　　Sandisk currently ranks first and Comfort Systems USA second, but neither was an S&P 500 member throughout the period. Sandisk only became independent in February 2025 before entering the index in November, while Comfort Systems joined in December.　　Microns run is therefore more comparable with established constituents such as Nvidia.　　The scale of that rally was already evident when Micron crossed $1 trillion earlier this year.　　The company has also moved far beyond its reputation as a cyclical PC-memory supplier.　　AI Has Changed the Economics of Memory　　High-bandwidth memory, or HBM, has become essential for

09-08Industry

Top 3 Trending Cryptos in India Today: Why Microcaps Are Outranking BTC

Top 3 trending crypto coins in India today are DOGE-1, Little Sage and Artificial Pepe, while Bitcoin is No. 5. Sudden price swings, novelty, and speculative interest are shaping retail interest toward microcaps. Trading volume, liquidity, and sustained interest will determine if microcap demand is real or short-lived.　　As of September 7, 2026, meme tokens and microcap cryptocurrencies have the highest search momentum among Indian CoinGecko users.　　As institutional investment piles into Bitcoin (BTC) via global exchange-traded funds (ETFs), retail investors across the globe, including India, are turning their attention to microcap cryptocurrencies with lower valuations and higher volatility in pursuit of quick, exponential gains.　　DOGE 1 Leads Indias Crypto Trends as Microcaps Outrank Bitcoin　　CoinGeckos India trending list ranks DOGE-1 No. 1 among users in India, followed by Little Sage and Artificial Pepe, while BTC ranks No. 5. CoinGeckos India trends are derived from recent page views and search popularity and not trading volume, purchases, capital flows or investment quality. The ranking shows which cryptocurrencies attract the most attention from Indian users.　　DOGE-1s focus comes at a time when it is trading between $0.00090 and $0.00096 with a market cap under $1 million and 24-hour trading volume of around $294,000 to $317,000. The token

09-08Industry

Intel (INTC) Stock Surges 144% as CEO Invests $10M in Company Shares

Key HighlightsIntel shares have skyrocketed 144% in 2026, currently trading between $91.45 and $95.80 following record-breaking quarterly resultsSecond quarter revenue jumped 25.2% year-over-year to reach $16.13 billion, surpassing Wall Street expectations of $14.43 billion, driven by 59% data center growthCEO Lip-Bu Tan demonstrated confidence by acquiring approximately $10 million in INTC shares at $95 each during AugustWall Street analysts have upgraded FY26 earnings projections 32 times over the past month without a single downward revision; average target price stands at $107.01Manufacturing prowess on display as Intel 18A chip yields exceed internal benchmarks by roughly 25%, signaling strong execution　　Intel‘s dramatic turnaround during 2026 stands as one of the semiconductor industry’s most unexpected success stories. Shares have climbed 144% since January, propelled by what CEO Lip-Bu Tan characterized as “the strongest revenue growth in more than 15 years.”　　Intel Corp., INTC　　Trading opened Monday at $95.80, with the stock reaching a 52-week peak of $142.35. The shares bottomed at $24.05 during their lows before initiating the current rally.　　Discover more　　financial　　Compare Exchange Rates　　Compare Credit Cards　　Second quarter results showed revenue hitting $16.13 billion, marking a 25.2% increase from the prior year and comfortably exceeding analyst projections of $14.43 billion. Earnings per share reached $0.42, more than double

09-08Industry

Nobody has unwound the Japanese Yen carry trade yet

The Ministry of Finance was not in the market on Monday, and on the most recent positioning data the carry trade did not close either. USD/JPY trades just above 154.00 after giving up close to two Yen, its weakest in six months. What has repriced is the cost of the funding leg. The position that leg supports is still open.　　Tokyo had the window and did not need it　　American markets are shut for Labor Day, the thin-liquidity Monday that Tokyo has historically preferred for its operations. The move arrived without them. USD/JPY gave up roughly a Yen and a half between 08:00 GMT and 08:40 GMT, and the bounce that followed recovered less than half of it. The July 31 joint operation moved the pair several Yen inside minutes. This one took forty.　　The mechanics point the same way. Japan buys Yen when the Yen is weak, and the joint statement signed with the United States Treasury in September 2025 is written against disorderly weakness rather than strength. Tokyo spent ¥15.4 trillion, roughly $98 billion, buying its own currency between July 30 and August 26, when the Yen sat at four-decade lows. It is about ten Yen stronger than that now, and

09-08Industry

AMZN Price Prediction: Bears Hold the Short-Term Keys Below $260 — But a $265 Squeeze Is Loading

Peter Zhang　　Sep 07, 2026 10:03　　AMZN trades at $258.43, pinned beneath a wall of converging moving average resistance between $259.59 and $260.76 with bearish MACD crossover and aggressive sell-side order flow dominating — yet wh…　　The Immediate Setup　　Price at $258.43 is hovering just below the pivot at $258.95, and what looks like consolidation is actually a bear flag in slow motion. The MACD histogram has flatlined at zero — that sounds neutral, but a flat histogram after a bearish signal crossover is not a rest; its a coiling spring. Momentum has stalled, not reversed, and the burden of proof lies firmly with the bulls to reclaim the SMA cluster overhead before this setup resolves higher.　　The macro anchor is still intact: price is trading a full $14 above the 200-day SMA at $244.27, confirming the long-term structural trend is healthy. Amazon‘s underlying business engine — AWS’s AI infrastructure revenue, the rapidly expanding advertising segment, and growing third-party logistics margins — gives the equity a fundamental floor that keeps deep corrections shallow. But none of that saves you from a short-term technical breakdown, and right now the short-term chart is pointing lower. As Blockchain.news has highlighted in its coverage of tokenized RWA equities, these

09-08Industry

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