Crypto Industry News & Market Trends

Fed Rate Hike Could Hit XRP Hard: ChatGPT Reveals How Low Ripple's Price Could Go

XRP‘s case is even more interesting than bitcoin’s, it said.　　The monetary landscape in the United States changed in the past week or so, first after the hawkish stance taken by the current Federal Reserve Chairman, Kevin Warsh, and then following last Fridays strong US jobs report.　　As such, the expectations have changed, with investors and experts pricing in a potential rate hike for the next FOMC meeting scheduled to take place on September 15-16. After answering how this could impact BTC, we turned our focus to XRP, whose case was described as “arguably more interesting than bitcoins,” by ChatGPT.　　What Happens to XRP Then？　　With the current odds on prediction markets at well over 50% for a rate hike in September, the warning signs for risk-on assets are fully flashing. This was felt on Friday briefly after the jobs report, with BTC dropping by $3,000 and XRP slumping from $1.45 to under $1.40, where it found support.　　ChatGPT estimated that the cross-border token is likely to react “more violently to a Fed hike” even though it has two cushions: strong ETF demand and the CLARITY Act process. The initial reaction to a 25 bps increase on September 16 would be a 4%-8% decline, the

09-06Industry

Machi Big Brother Sent FRIEND Up 1,500%. Then Ditched $1M Deal

Crypto investor Machi Big Brother has pulled his $1 million bid for Friend.tech and named venture firm Paradigm as the likely obstacle.　　Instead, he urged co-founder Racer to relaunch the Web3 social app on Robinhood Chain. The reversal comes nine days after his original offer, sending FRIEND up more than 1,500%.　　FRIEND Token Price Chart. Source: CoinGeckoMachi Big Brother Friend.tech Bid Collapses After 9 Days　　Machi Big Brother, whose real name is Jeffrey Huang, opened the bid on Aug. 27. His $1 million buyout offer asked only for the projects X account and web address.　　Friend.tech launched on Base in 2023, allowing users to trade shares with each other. Paradigm led a seed round into the startup that same year.　　However, Huang offered no evidence and framed the claim as a guess. He also has a history here. He bought 11 million FRIEND for roughly 5,200 ETH, and the position later shed over $16 million.　　The original team gave up control of the smart contracts in September 2024. Therefore, it remains unclear what a buyer would own.　　The FRIEND token price now sits near $0.0069, up roughly 5% in the past 24 hours. Its market value of about $659,000 trails the $4.89 million peak from the August

09-06Industry

CZ Says These 7 Crypto Investments from YZi Labs Will Perform Best

Changpeng Zhao expects the bets YZi Labs made over the past few months to become its best performers. The Binance founder credits the timing, because the firm invested while crypto prices sat near their lows.　　His optimism is directly tied to the deployment of his private billions. In fact, YZi Labs is the family office that manages his personal wealth.　　Why CZ Thinks His Firms Timing Works　　His comment sat on top of a summary of an August 28 book club session in Hong Kong. Zhao told the audience that money rushing into artificial intelligence (AI) is filtering out short-term crypto teams.　　He has also argued that AI money rotating back into digital assets is already underway.　　I strongly believe the YziLabs investments over the last few months will be some of the best performing because those investments were done during the depth of the crypto winter.　　— CZ ???? BNB (@cz_binance) September 4, 2026　　The winter framing has support. Bitcoin had fallen 47% from its peak by early June, a slide that fueled a coldest crypto winter debate. Prices have since clawed back ground, yet they remain far under the October high.　　What YZi Labs Has Backed This Year　　YZi Labs runs more than $10 billion for Zhao

09-06Industry

Grayscale: Robinhood Chain, BNB, Solana Lead $3B Weekly Stock Trade

Key TakeawaysWeekly tokenized equity trading volume peaked near $3 billion.Onchain tokenized stock value locked surpassed $110 million.Lending and collateral use remain small but are expanding rapidly.　　Tokenized Equity Trading Reaches New High　　Tokenized equity trading climbed to new highs in August as blockchain-based stocks attracted activity across several major networks. Grayscale Head of Research Zach Pandl said weekly spot volume peaked near $3 billion early in the month, while Robinhood Chain, BNB Chain, and Solana accounted for most volume during the final week covered by the firms Sept. 3 analysis.　　The growth remains concentrated in trading rather than broader financial activity. Grayscale said only about 5% of the tokenized equity market is deployed in onchain finance, although total value locked has surpassed $110 million. The crypto asset manager further stated:　　“Tokenized equities are scaling first as a global trading product. A growing capital base and possible US regulatory experimentation could support their transition from access to financial utility.”　　The asset manager identified Jupiter and Kamino as Solana lending venues, while Uniswap, Pancakeswap, and Raydium provide trading infrastructure.　　Onchain use of tokenized equities is small but growing quickly. Source: Allium, Grayscale Investments. Data as of Aug. 27, 2026.Three Networks Dominate Tokenized Stock Trading　　Robinhood Chain has become a

09-06Industry

Useless Coin rallies 300%, hits 10 month high – Can bulls hold？

On Friday, the 4th of September, Useless Coin [USELESS] reached a high of $0.286. This represented a 10-month high for the memecoin, which has been in a bearish slump since October 2025, much like most of the crypto market.　　AMBCrypto reported that USELESS added 5,000 new holders, which showed adoption and can help boost demand even more.　　Aggressive spot buying activity and high derivatives trading activity helped sustain the recent moves momentum. The token had rallied 300% in a week, from $0.06 to $0.265.　　In the past 24 hours, Useless Coin was down by 12.1%, with a 20% decline in Open Interest. The overextended bullish market conditions were being met with pushback, and the memecoin could be entering a pullback phase.　　How deep can the USELESS price retracement go？　　Source: USELESS/USDT on TradingView　　The CMF on the daily timeframe was at +0.36, the highest in the recorded data on Kraken, per TradingView. The OBV has been trending higher since March and has made another strong leg higher in recent weeks.　　Buying pressure was intense; the indicators agreed. So was the momentum, which might already be overextended.　　With memecoins and parabolic rallies, trying to time the top could be incredibly risky. Holders can instead opt to take profits and

09-06Industry

Banksy, Star Wars and JPMorgan Meet in a $1 Billion Museum

Mellody Hobson opens the Lucas Museum of Narrative Art in Los Angeles on September 22 with her husband. The privately funded project cost roughly $1 billion.　　Hobson co-chairs the museums board. She co-runs Ariel Investments and holds a seat on the JPMorgan Chase board, where she also serves on the risk committee.　　Discover more　　Brokerages & Day Trading　　Stocks & Bonds　　News　　The Wall Street Half of the Museum Sits on JPMorgans Board　　Hobson joined the JPMorgan board in 2018. She has served as co-CEO of Ariel Investments since 2019, after serving as president from 2000. Meanwhile, the bank she helps oversee has turned into one of the loudest institutional voices in digital assets.　　JPMorgans blockchain unit, Kinexys, has processed more than $3 trillion since its inception. It now averages over $5 billion in daily volume. This year, the bank opened its JPM Coin deposit token, JPMD, to institutional clients on Base, the Ethereum layer-2 network built by Coinbase.　　South Korea‘s KB Kookmin Bank said in July it would start routing dollar trade payments over JPMorgan’s Kinexys network in August. As a result, the risk committee Hobson sits on covers a lender that already settles billions onchain. Strategy meanwhile ranked JPMorgan behind Fidelity in its Bitcoin banking index.　　The Lucas

09-06Industry

Bitwise CIO Calls Bitcoin and Zcash Assets to Own for the Next Decade

Key TakeawaysHougan recently told investors to own bitcoin for debasement, Zcash for privacy and tokenization plays.Zcash crossed $1,000 the same day, and Grayscales ZCSH ETF has grown to $414.7 million since Aug. 25.Hougan has argued since December that bitcoin will break its four-year cycle and set new highs in 2026.　　Three Stories, One Portfolio　　Matt Hougan isnt typically one to pick individual assets, as the Bitwise chief investment officer spends most of his airtime on structure, be it exchange-traded funds (ETFs), financial advisors, or regulation. However, in a recent interview, he decided to name names. His list:Bitcoin for currency debasementZcash for privacyA decade-long tokenization super cycle spanning ETH, SOL, UNI “and more.”　　Bitcoin, the Debasement Hedge　　Hougans thesis is the oldest one in crypto, i.e., governments borrow, currencies weaken, hard assets win. He laid out the debasement narrative again as one of five structural shifts behind his bull case, alongside regulatory progress, stablecoin growth, tokenization, and revenue-generating tokens. “The crazy thing about 2026 is how easy it is to be bullish,” he wrote, and a Bitwise model of sovereign debt dynamics sketched an illustrative bitcoin fair value of $224,000.　　He has also gone on record saying the four-year cycle is dead, and last December he

09-06Industry

Dollar Stablecoins Could Put Pressure on Local Currencies

Dollar-backed stablecoins could pressure local currencies when exchanges allow direct fiat purchases, a Bank of Korea study found. Researchers examined 12 currencies on Binance, including Brazils real, and tracked trading involving USDT and USDC.　　Stablecoin Demand Hits Currency Markets　　The findings linked dollar-stablecoin demand with foreign-exchange markets. When demand rises, market makers can sell local currencies to buy dollars. Consequently, that activity can add pressure to exchange rates.　　Related: Singapores New Stablecoin Framework: What Issuers Need to Know　　Direct fiat-stablecoin listings also cut local stablecoin premiums by about 0.33 to 0.38 percentage points. Additionally, stablecoins moved toward local exchanges when prices exceeded Binance levels.　　South Korea showed a different pattern because Binance lacks a direct won-stablecoin pair. Hence, the study found weaker evidence of direct pressure on the won.　　Korea Faces Growing Stablecoin Demand　　The Bank of Korea said these links could deepen as corporate and foreign participation grows. Moreover, it said policymakers should consider greater international use of the won and deeper FX liquidity.　　Meanwhile, 21 financial institutions plan to launch a dollar-pegged stablecoin in early 2027. The group also plans tokens linked to other G7 currencies, with the euro as a priority.　　Related: CLARITY Act Faces Key Sept. 15 Vote: Is India Falling Behind in Crypto Regulation？

09-06Industry

IndyCars Conor Daly Gets Full Season Ride With Dreyer & Reinbold

Conor Daly waves to the crowd before the 110th Running of the Indianapolis 500 at Indianapolis Motor Speedway on May 24, 2026 in Indianapolis, Indiana. (Photo by Justin Casterline/Getty Images)　　Getty Images　　Conor Daly is one of the most popular drivers in the NTT IndyCar Series because of his great sense of humor, ability to connect with the fans, and his popular SPEED STREET Podcast on Dale Earnhardt, Jrs Dirty Mo Media.　　Saturday at WeatherTech Raceway at Laguna Seca, Daly was introduced as the fulltime driver at Dreyer & Reinbold Racing, which returns to full-time IndyCar participation for the first time since the 2012 season.　　Daly will be the driver of the No. 24 entry. Dreyer and Reinbold Racing are also switching from Chevrolet to Honda.　　Dreyer & Reinbold Racing purchased one of Rahal Lettermen Lanigans three Charters on July 22. To maintain a technical alliance with RLL, both operations would need to have the same engine.　　Dreyer & Reinbold Switches From Chevrolet To Honda　　The team based in Carmel, Indiana previously utilized Honda engines from the 2005 to 2011 seasons.　　Discover more　　Trade Crypto Assets　　Choose POS Systems　　Deploy Cloud Servers　　“Changing those relationships is never easy, I‘d say,” said Dreyer & Reinbold President and Chief Commercial Officer Brett DeBord. I

09-06Industry

Ridley Scott‘s ’Dog Stars Projected To Dive 64% At Weekend 2 Box Office

“The Dog Stars” key art featuring Josh Brolin, Jacob Elordi, Margaret Qualley and Guy Pearce.　　20th Century Studios　　The Dog Stars, director Ridley Scotts post-apocalyptic tale starring Jacob Elordi, Margaret Qualley and Josh Brolin, is projected to drop big in its second weekend of release after an already weak opening frame at the box office.　　Based on Peter Hellers bestselling novel of the same name from 2012, The Dog Stars follows a pilot, Hig (Elordi), and a survivalist, Bangley (Brolin), as they venture into treacherous surroundings after they receive a mysterious radio transmission. Qualley plays a medic, Cima, while Guy Pearce also stars as her former Navy SEAL father, Jack.　　Forbes‘To Catch A Predator’ Film ‘Primetime’ Wins Praise In Reviews Out Of VeniceBy Tim Lammers　　Produced by 20th Century Studios, The Dog Stars got off to a rough opening weekend at the box office, earning $7.7 million from 3,330 North American theaters Aug. 28-30 against a net $70 production budget (via Deadline) before marketing costs. Unfortunately for The Dog Stars, its second weekend in theaters — which is extended a day thanks to Labor Day on Monday — isnt looking any better.　　Discover more　　Engineering & Technology　　Currencies & Foreign Exchange　　Stocks & Bonds　　According to Deadline, The Dog Stars

09-06Industry

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