Crypto Industry News & Market Trends

Dormant Bitcoin Wallets Continue to Stir as $50M Moves in September – Bitcoin News

Key TakeawaysBitcoins old-school wallets moved 626.74 BTC during the first five days of September.Intriguingly, the crypto custodian Bitgo received 200 BTC from eight 2013 wallets that woke within just 25 seconds of each other.The writing‘s on the wall: A slowdown is in effect as September’s vintage bitcoin spending is just 9.75% of Augusts total.　　Eight 2013 Wallets Wake up in a 25-Second Burst　　Today, on Sept. 5, 2026, eight dormant wallets first created in 2013 shifted 25 BTC each at block height 965625, all within 25 seconds of each other.　　The transfers, discovered by btcparser.com, looked to be the same entity and almost certainly one owner consolidating. In addition to those eight transfers, the 13-year-old BTC was sent to the custodian Bitgo, according to Arkham Intelligence.　　Discover more　　News　　NEWS　　Brokerages & Day Trading　　Half the stash of 2013 BTC sent on Saturday was sent to the Custodian Bitgo. The other half seemed to be sent to Bitgo too, but the address is not flagged by Arkham. Image source: Arkham Intelligence on Sept. 5, 2026.2013 Wallets Move the Brunt, 2011 Coins Turn $285 Into $7.22 Million　　2013 wallets have been the biggest spenders in September, with 346.07 BTC spent across a total of nine separate transfers. Excluding the eight

09-06Industry

Pi News: Pi Network Unveils New App-Building Tools as $PI Gains 5% in a Month

Pi Network adds new developer tools, strengthens app utility, and sees $PI gain 5% as community confidence faces a possible recovery.　　Pi Network has introduced fresh capabilities for developers building on its platform. This update adds local storage support for Apps. It also provides access to staking data for the applications.　　In addition, developers can now add file and video sharing features to their apps. The features provide builders with greater flexibility. They also open up the possibility of richer and more functional apps in the Pi ecosystem. The news was released on Pi Networks official X account.　　Single Home for Developer Resources　　In keeping with these changes, Pi has also published new developer documentation. It is a single source of technical resources that were previously fragmented. It provides all developers with one place.　　But more importantly, it provides a more transparent path for builders. Now, developers can take a simple journey from onboarding to launching a live app. This helps to eliminate much of the trial and error from the process.　　Related reading: Pi Network Launches Pi2Day Quest With Rewards　　This matters because Pi has always supported the practical application of the material. Improved tools directly influence the applications developers can build. This in turn impacts

09-06Industry

Trump pushes Fed to cut rates ahead of pivotal September decision

President Donald Trump speaks with the new chairman of the Federal Reserve, Kevin Warsh, after a swearing-in ceremony in the East Room of the White House, in Washington, May 22, 2026.　　Anna Moneymaker | Getty Images　　Ten days ahead of a meeting in which the Federal Reserve will likely consider raising interest rates, the Trump administration looks to be in a full-court press to halt the hike in its tracks.　　In the past week, the president, vice president, Treasury secretary and one of the president‘s senior economic counselors have all urged the Fed not to raise rates and, in some cases, to cut them — an unusually broad public pressure campaign even by the standards of Trump’s long-running criticism of the central bank.　　While President Donald Trump has avoided directly criticizing his new Fed chairman Kevin Warsh, as he did former chair Jay Powell, he escalated the pressure Friday by threatening to halt trade with countries that run trade surpluses with the U.S. unless the Fed cuts interest rates. Trump had never before directly threatened tariffs if the Fed didnt lower rates.　　The presidents post was followed by an interview that senior economic counselor Peter Navarro gave to former Trump advisor Steve Bannon on Friday

09-06Industry

Robinhood Chain Tops $3B Daily DEX Volume, Pushes UNI Burn Past $1M

Key TakeawaysUniswap burned 184,000 UNI worth $1.15 million yesterday, with 150,000 tokens tied to Robinhood Chain.Robinhood Chain has handled $34.6 billion in DEX volume and 576 million transactions since its July 1 launch.Blob posts to Ethereum stalled 14 minutes on the record day, but Arbitrum says the chain never went down.　　The Burn　　Starting with the number Uniswap holders care about, the protocol burned 184,000 UNI on Thursday, worth about $1.15 million. It was the first time the daily burn crossed $1 million in dollar terms and the second-largest by token count since the mechanism went live. Roughly 150,000 of those tokens, more than 80%, were paid for by traders on Robinhood Chain.　　That is how the fee switch is supposed to work. Uniswap token holders approved the “Unification” proposal on Christmas Day 2025, redirecting a slice of protocol fees that previously went entirely to liquidity providers into buying and burning UNI. The upgrade also destroyed 100 million UNI upfront. Since then, the size of each day‘s burn has tracked one thing, i.e., how much volume runs through Uniswap’s pools.　　Where the Volume Came From　　On Thursday, Robinhood Chains daily decentralized exchange (DEX) volume topped $3 billion for the first time, with Uniswap handling as

09-06Industry

Indian CBI Raids 89 Locations Across 20 States Under Operation Chakra-VI

The CBI has raided 89 locations across 20 states under Operation Chakra-VI in India.The Supreme Court is pushing for bank freeze procedures as authorities target mule accounts. Banks must distinguish intentional mule accounts from innocent people who unknowingly receive fraud funds. 　　Indian Central Bureau of Investigation (CBI) has launched a nationwide crackdown under Operation Chakra-VI. The operation is focused on transnational cybercrime networks involved in “digital arrest” scams that have defrauded victims by an estimated ₹42.36 crore in three major cases. The Supreme Court, on the other hand, is pushing for a standardised bank freeze mechanism.　　CBI Raids 89 Sites Under Operation Chakra-VI　　On September 4, 2026, CBI launched coordinated searches in 89 locations across 20 states under Operation Chakra-VI, its nationwide crackdown against organised cybercrime networks involved in digital arrest scams. The action focused on three major cases that the agency had taken over from state police, in which victims were allegedly kept under prolonged “digital arrest” by fraudsters impersonating police and other officials and coerced into transferring funds.　　The three cases together involved alleged losses of ₹42.36 crore. In the first case, linked to BITS Pilani, the victim was held under digital arrest for three months and defrauded of ₹7.67 crore.

09-06Industry

XRP Price Prediction Targets $60 From Decade Long Chart Pattern

TLDR:The XRP price prediction places $3.66 as the decisive monthly resistance that buyers must break before the projected path toward $60 becomes active.XRP dropped to $1.41 after strong employment data and long liquidations, although elevated spot volume suggests traders remain active.United States spot XRP ETFs attracted $110.49 million during the week ending August 28, lifting cumulative inflows beyond $1.66 billion.RLUSD growth and planned XRPL lending features could expand network activity while XRP tests support near $1.30 and resistance around $1.70.　　XRP trades near $1.41 after losing 2.83% over 24 hours, following stronger United States employment data and heavy long liquidations. The latest XRP price prediction centers on $3.66, a resistance level that has capped the token for years. Analyst Ali Martinez says a monthly close above that barrier would confirm an ascending triangle breakout.　　His chart places the long-term technical target near $60. The projection is conditional, while nearer levels still determine whether buyers can regain control. Rising spot activity, exchange outflows, ETF demand, and growth across Ripples ecosystem provide a backdrop for the contested technical setup.　　XRP Price Prediction Depends on a Close Above $3.66　　The latest decline followed a United States jobs report showing 162,000 new positions. That figure exceeded market expectations,

09-06Industry

Polygon CEO Triggers Crypto Community With Vacation Take and Schools Critics

Polygon CEO Marc Boiron says staff time off pains him. His post on X split the crypto industry within hours.　　The Polygon Labs boss admitted he prefers speed over rest. Critics called that a fiat mindset, so Boiron answered with a lesson about Bitcoin culture.　　Polygon CEO Triggers a Fast Community Backlash　　Boiron wrote that he feels torn whenever staff step away from work. He genuinely wants people to relax with their families. However, he cannot stomach the thought of a rival moving faster.　　Im torn internally when people take time off. Is this normal？　　On the one hand, I want people to relax, enjoy time with their families and take a break. I genuinely want it.　　On the other hand, it pains me so much when I know we could move faster. I dont understand how you can…　　He wrote that time off “pains me so much” and conceded that he struggles to admit the preference. In the end, he prefers the pace over the pause.　　The timing sharpened the reaction. Polygon Labs cut nearly 30% of its workforce in January. Then the company trimmed staff again in July while it pivoted toward stablecoin payments.　　Both cuts followed a wider industry pivot toward revenue. Many readers therefore judged

09-06Industry

Pineapple Tokenizes $1B Mortgage Records On Injective

Pineapple Financial (NYSE American: PAPL) has moved more than $1 billion in residential mortgage records onto the Injective blockchain, the network announced in a blog post on September 4, 2026. The milestone makes Injective one of the largest layer-1 chains by total value of tokenized real-world assets, and it turns what began as a proof of concept into a live, publicly trackable loan book.　　A Working Loan Book, Not a Synthetic Security　　Pineapple is migrating funded residential mortgage records onto Injective, with each loan represented by a metadata-rich onchain record tied to its underlying loan file rather than repackaged as a new mortgage-backed security. Each tokenized record carries more than 500 data points capturing loan-level data, provenance, and update history, Injective said. The original mortgage remains within its legal and servicing framework, while the onchain record acts as an auditable digital counterpart that gives authorized parties a consistent, verifiable view of the same information.　　From $1 Billion Toward a $10 Billion Target　　Pineapple‘s stated goal is to migrate its entire historical portfolio, more than 29,000 funded mortgages worth over $10 billion, onto the network over time. The migration is already measurable: the company’s dashboard shows 2,079 mortgage records onchain, up from 1,259 at the

09-06Industry

Poland Crypto Bill Blocked After President Nawrockis Third Veto

Market NewsThe Polish Sejm could not succeed in overriding President Karol Nawrockis third veto of the crypto bill, gaining only 241 votes.Now the framework for the domestic implementation of MiCA in Poland is unclear in light of ongoing political differences.　　Poland‘s crypto regulation battle hit yet another milestone with the failure of the lawmakers to overcome President Karol Nawrocki’s third veto. The Sejm voted by 241 to 198 to reject the veto, while 3 representatives abstained from voting. Nevertheless, it takes at least 266 votes to override a veto, which means that at least three-fifths of the 442 deputies have to vote for this.　　Third Override Effort Fails to Meet Criteria　　The bill would have put Poland‘s cryptocurrency market under KNF jurisdiction. Additionally, it sought to help Poland’s adoption of the Markets in Crypto-Assets Regulation from the European Union. Nawrocki claims that the strategy pursued by the government imposes too much burden on cryptocurrency businesses. Nawrocki has also expressed concerns that stringent rules may drive companies offshore.　　The President claimed that only one out of 16 amendments suggested by his office was taken into account in the latest legislative round. He is in favor of a different bill which aims at fraud and financial

09-06Industry

Binance P2P in India: Why Sellers Risk Bank Account Freezes

For an Indian crypto trader, selling USDT on Binance P2P can look like a routine transaction. When a seller matches with a buyer, they receive Indian rupees through UPI or a bank transfer. Once they confirm that the money has arrived, they release the USDT held in escrow.　　But what happens if the rupees came from money connected to a cybercrime committed before the transaction？　　That question has become a recurring concern on Reddits r/CryptoIndia community, where users have described bank liens, account freezes, and lengthy attempts to establish that they were simply counterparties in a legitimate crypto trade.　　In an August 2026 post, a verified Binance P2P merchant said their bank placed a lien on their account weeks after they sold USDT and received payment through UPI.　　The user said the buyer was allegedly connected to a cybercrime complaint and that they had retained the Binance order details, bank statement, UPI proof, and other records.　　Similar concerns have appeared repeatedly. In another 2025 discussion, a user said their bank account had been frozen after two or three Binance P2P transactions, while another December post asked how long it takes before funds received from a P2P buyer can be considered “safe.”　　How a Normal USDT Sale

09-06Industry

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