Ripple CEO links U.S. crypto lead to CLARITY Act

Ripple CEO Brad Garlinghouse said on Sept. 3 that making the United States the global center of the cryptocurrency industry remains “within reach,” while urging policymakers to complete the countrys regulatory framework.  Garlinghouse made the statement after Commodity Futures Trading Commission Chair Michael Selig discussed an August White House gathering involving executives from cryptocurrency, finance and technology companies.  “Making America the crypto capital of the world is within reach — lets finish the job,” Garlinghouse said.  The comment represents Garlinghouse‘s policy position rather than confirmation that the United States has achieved the administration’s stated objective.  Proud to be in the room.  Making America the crypto capital of the world is within reach – lets finish the job https://t.co/mxmkadYEUU  — Brad Garlinghouse (@bgarlinghouse) September 3, 2026  Ripple CEO points to White House crypto engagement  The White House gathering took place on Aug. 19 and brought crypto executives together with senior administration and financial regulatory officials. Garlinghouse attended alongside Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev and Kraken co-CEO Arjun Sethi.  Other attendees included Nasdaq CEO Adena Friedman, Intercontinental Exchange CEO Jeffrey Sprecher, Gemini co-founders Cameron and Tyler Winklevoss and Chainlink co-founder Sergey Nazarov. SEC Chair Paul Atkins and CFTC Chair Selig represented the principal federal market regulators.  Selig subsequently said

09-04Industry

Notional Finance faces suspected $1.7M exploit

Notional Finance may have suffered a $1.7 million exploit involving an escrow contract, blockchain investigators reported on Sept. 4. The reported losses include approximately $69,242 in DAI and $1.66 million in USDC.  Security firm PeckShield cited findings published by blockchain investigation group Specter. Neither report provided a complete technical explanation of how the assets left the contract.  “The Notional Finance escrow contract may have been exploited,” PeckShield said, preserving uncertainty about the incidents status.  #PeckShieldAlert Specter has reported that the Notional Finance escrow contract may have been exploited, resulting in $1.7M in ethereum:0x6b175474e89094c44da98b954eedeac495271d0f and $USDC lost.  The exploiter has swapped the stolen funds into 689.2 $ETH and deposited them into… pic.twitter.com/Wd5Dc3MWtL  — PeckShieldAlert (@PeckShieldAlert) September 4, 2026  Notional Finance exploit report identifies two addresses  Researchers identified two Ethereum addresses allegedly connected to the movement of the assets. The first address is 0xC954…De69, while the second is 0xDaCC…Ce38.  The addresses were labelled as theft addresses by Specter. That description remains an investigator attribution rather than a finding confirmed by Notional Finance, law enforcement or a court.  The available reports do not identify the precise escrow function involved. They also do not establish whether the event resulted from a smart-contract vulnerability, compromised credentials, faulty permissions or another cause.  Stablecoins were reportedly converted

09-04Industry

Hargreaves Lansdown opens 9 crypto ETNs to investors

Hargreaves Lansdown opened access to nine Bitcoin and Ether exchange-traded notes on Sept. 3, bringing regulated cryptocurrency exposure to eligible users of the United Kingdoms largest retail investment platform.  SummaryHargreaves Lansdown added nine Bitcoin and Ether ETNs for eligible users through Advanced Investing service.Approximately two million platform clients may access products after successfully completing required investor protection checks.Investors must self-certify, pass an appropriateness assessment, and complete a 24-hour cooling-off period before access.The FCA reopened eligible crypto ETNs to retail investors in October 2025 under safeguards nationally.Crypto ETNs track asset prices without giving investors direct ownership of Bitcoin or Ether themselves.  The products come from BlackRocks iShares, WisdomTree, 21Shares, Invesco, CoinShares and Bitwise, according to a Financial Times report. The issuers charge annual product fees ranging from 0% to 0.35%.  UKs Largest Investment Platform Hargreaves Lansdown Opens Bitcoin and Ether ETNs to 2 Million Investors  According to the FT, the UKs largest investment platform, Hargreaves Lansdown (HL), will open crypto ETN trading to its approximately 2 million investors from September 3,… pic.twitter.com/a37mVTK3ex  — Wu Blockchain (@WuBlockchain) September 3, 2026  Hargreaves Lansdown serves approximately two million investors. However, the crypto ETNs are only available through its Advanced Investing service and are not automatically accessible to every customer.  You might

09-04Industry

US, UK launch joint alliance targeting crypto scam centers

The United States and United Kingdom have formed a joint law enforcement alliance targeting scam centers involved in crypto and cyber-enabled investment fraud.  On Thursday, the US Department of Justice announced that the US Attorneys Office for the District of Columbia, the Crown Prosecution Service of England and Wales and the UK National Crime Agency signed a memorandum of understanding. The DOJ described it as the “first-of-its-kind” international cooperation agreement aimed at disabling such scam centers.  Under the agreement, the agencies will conduct parallel investigations into common targets, share information on organized crime syndicates and discuss which jurisdictions should prosecute specific cases. The DOJ said the authorities have already identified overlapping cases and plan an in-person disruption operation with private-sector partners in London in early October.  The cross-border pact comes as reported US losses from crypto investment fraud continue to climb. Losses reported to the FBIs Internet Crime Complaint Center rose 89% from $4.57 billion in 2023 to $8.65 billion in 2025, according to the DOJ.  International efforts target crypto scam compounds  The agreement expands the Scam Center Strike Force, which US Attorney Jeanine Ferris Pirro launched in November 2025 to target Chinese organized crime networks operating scam centers primarily in Southeast Asia. Their schemes

09-04Industry

Bitcoin bear market may not be over, Fidelity warns

Bitcoin recorded its strongest monthly gain since November 2024 during August, but Fidelity said the advance does not prove that the latest crypto bear market has ended.  In its fourth-quarter crypto market outlook, Fidelity said Bitcoin, Ethereum and several altcoins recorded their strongest positive months since late 2025. Bitcoin gained more than 25% during the third week of August alone.  Ethereum rose 34.1% during the same period, while Solana advanced 28%, according to Fidelity. The gains followed relatively subdued market activity from June through the middle of August.  However, Fidelity warned that the rally could represent either the beginning of a sustained recovery or a temporary move within a continuing bear market.  Bitcoin bear market faces a November cycle test  Some investors are watching November 2026 as a possible market-bottom period based on Bitcoin‘s historical four-year cycle. Bitcoin’s previous major bear-market bottom occurred in November 2022.  Applying the same approximate interval would place the next potential bottom around November 2026. Fidelity stressed that historical cycles have never followed precise four-year schedules and cannot reliably identify market turning points.  The firm said Bitcoin may have already reached its low in July. It could also decline again and establish another low during November or later.  “Despite the recent push higher

09-04Industry

Volkswagen Approves Future Plan 2030 With 50,000 Job Cuts

Volkswagen‘s supervisory board signed off on a plan that cuts 50,000 more jobs across the group. The reductions double a workforce program already running at Europe’s largest carmaker.  The German automaker announced the decision on Thursday. It also plans to shrink its model range by roughly 50% by 2035 and lift profitability.  Sponsored  Sponsored  Volkswagen Sets 2030 Targets While Four Plants Face Uncertainty  The Future Plan 2030 passed unanimously and reached management ranks as well as factory floors.  “According to the analysis underlying the Future Plan 2030, a Group-wide workforce adjustment of approximately 50,000 positions – including management roles – will be necessary,” the firm said.  The firms 12 initiatives target annual sales of 9 million vehicles and an operating margin of 9% by 2030. That margin equals an operating result of about EUR 31 billion. The group earmarked EUR 135 billion for capital spending and research between 2027 and 2031.  Volkswagen also acknowledged that European capacity exceeds demand by more than 500,000 units. Production for the Emden, Zwickau, Hanover, and Neckarsulm plants cannot currently be secured from 2031 to 2034.  A concept for European production is due by the end of June 2027. The company gave no timing for the workforce reduction or its distribution across brands.  CEO Oliver

09-04Industry

Could Bitcoin extend the Dovish Fed rally above $85,000?

Bitcoin (BTC) is trading above $80,000 on Friday, sustaining the broader cryptocurrency markets risk-on sentiment. Federal Reserve (Fed) Governor Christopher Waller signaled support for a potential pause in interest rates on Thursday, lowering the odds of a September rate hike to 50%. Zcash (ZEC) and Ethena (ENA) emerge as top performers over the last 24 hours.  Dovish Fed fuels Bitcoins recovery  US Fed Governor Christopher Waller could support a pause in rate hikes to keep the policy rate steady at the September policy meeting if the August inflation data suggest easing pressures, as previously reported by FXStreet. The dovish comments lowered the odds of a rate hike to 50%, from nearly 70% earlier this week.  FedWatch tool. Source: CME Group  Bitcoin trades above $80,762 at press time on Thursday, maintaining a bullish near-term bias after a 5% rise the previous day. The King Crypto holds well above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), which cluster between roughly $69,700 and $72,500.  The pair is advancing toward the 78.6% Fibonacci retracement of the latest downswing from $97,924 to $57,800 at $87,476. A confirmed breakout above this zone could target the previous swing high at $97,924.  The Relative Strength Index (RSI) hovers near 71 in overbought

09-04Industry

Aptos rallies 10% - Why 11.31M token unlock could test APT bulls

Aptos [APT] surged by more than 10% in the past 24 hours, at press time, with daily trading volume surpassing $109 million.  Apart from the technical breakout, the altcoins gains were being fueled by a continuous supply crunch since its fee switch. Here is how reduced supply influenced the rally:  Decoding Aptos token burns after the 10x fee increase  In the past seven days, RWA net flows have driven Aptoss network activity. In fact, Aptos ranked second with $145 million, closely behind Ethereum [ETH] at $149 million.  Additionally, the number of transactions and active addresses showed participants were returning to the chain. On the 3rd of September, Active Addresses were 57,047, while transactions surged beyond 16 million.  Source: DefiLlama  From the activity data, the chain continues to accrue revenue, with average transaction fees standing at $0.0005 since the 10x fee increase.  These fees are used to buy back APT and burn them, reducing the circulating supply. That is, 1523K APT were permanently burned in the last 30 days, a total of 1.7 million tokens since mainnet. Hence, the annualized burn rate is 1.8 million tokens, as per Aptoss post on X.  Can APTs price hold its gains?  On the charts, APT broke out for the second time from a

09-04Industry

Kospi Jumps, Following Wall Street, as Fed's Waller Signals Rate Hold

South Korea‘s Kospi jumped 1.14 percent at Friday’s open. The rally tracked a broad Wall Street advance after Fed Governor Christopher Waller signaled a rate hold this month.  The benchmark index rose 74.88 points to 6,650. It extended a rebound after a sharp slide earlier this week tied to Middle East tensions.  Waller Comments Cool Rate Hike Worries  Waller made the remarks Thursday, saying he would be inclined to support a hold. He backed keeping rates in the current 3.5 percent to 3.75 percent range at the Feds Sept. 15-16 meeting.  Treasury yields eased on the remarks, feeding into falling rate hike odds tracked on prediction markets this week.  Japan‘s Nikkei 225 and Hong Kong’s Hang Seng also opened higher. South Koreas small-cap Kosdaq index advanced even more sharply.  KOSPI is once again riding Wall Streets momentum. Image Source: Trading View  Thursdays rally set the tone across US markets. The Dow Jones Industrial Average gained 1.18 percent. It was the indexs best day since Aug. 4.  The S&P 500 added 1.06 percent, while the Nasdaq Composite rose 1.4 percent. All three indexes are on pace for a positive week.  Jobs Report Looms as Next Catalyst  Traders are now watching Fridays August nonfarm payrolls report, the same data point that has

09-04Industry

Fed Rate Hike Odds Fall to 50/50: Will Bitcoin's Rally Above 80,000 Hold?

Odds of a September Federal Reserve rate hike fell back to a coin-flip on Friday, a sharp reversal after the probability touched 70% just a day earlier and sat as low as 37% a week before that.   The swing tracks a rally that has pushed Bitcoin (BTC) toward $82,000.  Rate Bets Whipsaw Ahead of the September Meeting  The CME Group (Chicago Mercantile Exchange) FedWatch tool now shows the September 16 meeting split almost evenly between holding the benchmark rate at 3.50-3.75% and lifting it a quarter point to 3.75-4.00%.  Odds of a rate hike in September dropped today, returning to a 50/50 split. The second expected rate hike is now not fully priced in until March rather than December.  This represents a notable shift away from the strong hawkishness expressed by the markets earlier this week. pic.twitter.com/VVuLawauDt  — Satoshi Stacker (@StackerSatoshi) September 3, 2026  The tool had assigned the hike a 70% probability as recently as Thursday.  The FedWatch data also pushed back the timeline for a second hike. A move to the 4.00-4.25% range isnt priced as the most likely outcome until the March 2027 meeting. Rather than December 2026 as futures had implied earlier in the week.  Iran and Oil Are Driving the Volatility  The odds have

09-04Industry
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