Crypto Industry News & Market Trends

XRPs next rally could put this 115 million-token short under pressure

Leveraged funds more than doubled their CME XRP net short as open interest surged nearly 40% in one week.　　Related Asset XRP #5 XRP · $1.36 24-hour change: down 2.40% 24H Down 2.40% 7D Down 8.08% 30D Up 28.20%　　Last week, the Commodity Futures Trading Commission (CFTC) reported that XRP open interest increased by 2,206 from a week earlier, to 7,783 futures-equivalent contracts. At 50,000 XRP per standard contract, the increase represented about 110.3 million tokens and lifted total exposure to roughly 389.2 million XRP.　　The expansion came during a sharp recovery in the token. CryptoSlate previously reported that the digital asset had rebounded about 32% from $1 this month, trading near $1.38 as of press time.　　Leveraged funds moved against that momentum, holding 892 long contracts and 3,206 shorts. Their net short widened to 2,314 contracts, equivalent to about 115.7 million XRP, from 57.35 million XRP a week earlier.　　The increase added 58.35 million XRP-equivalent of net short exposure and left leveraged funds with the largest directional short among the reportable CFTC categories.　　Dealers and asset managers moved the other way.　　Dealers increased their net-long position by 1,195 contracts, equivalent to 59.75 million XRP, ending at 2,121 contracts net long. Asset managers added 565 net contracts,

08-31Industry

Gold price in Pakistan: Rates on August 31

Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet.　　The price for Gold stood at 39,612.28 Pakistani Rupees (PKR) per gram, down compared with the PKR 39,935.70 it cost on Friday.　　The price for Gold decreased to PKR 462,029.90 per tola from PKR 465,802.10 per tola on Friday.Unit measureGold Price in PKRDiscover moreCompare Credit CardsTrade Crypto AssetsCompare Index ETFsTry CAD SoftwareOpen Trading AccountAccess Premium NewsNEWSFINANCE1 Gram39,612.2810 Grams396,122.80Tola462,029.90Troy Ounce1,232,081.00　　FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

08-31Industry

Ripple lawyer links CLARITY Act to U.S. job growth

Alderoty argues the CLARITY Act could support employment, but his statement remains an industry claim.　　An NCA-commissioned study estimates crypto directly employs 34,000 workers and supports 232,000 jobs nationwide today.　　Senate records schedule a September 15 cloture vote determining whether lawmakers begin formally considering CLARITY.　　Ripple Chief Legal Officer Stuart Alderoty urged U.S. senators to support the Digital Asset Market Clarity Act ahead of its next procedural vote, arguing that the legislation could promote employment and economic growth.　　“A vote for Clarity is a vote for jobs and economic growth,” Alderoty wrote on Aug. 30. His statement is a policy argument rather than a finding that passing the bill would create a specific number of jobs.　　Alderoty is also president of the National Cryptocurrency Association, which commissioned the employment research underpinning his argument　　Chief Legal Officer Stuart Alderoty has argued that passing the Clarity Act could boost job creation and economic growth in the US ???? pic.twitter.com/aPbyGw9tyc　　— Attorney General Pam Bondi (@AttorneyGeokb4) August 31, 2026　　CLARITY Act job figures rely on economic modeling　　The NCAs Crypto at Work report, produced by Pragmatic Policy Group, estimates that crypto companies directly support about 34,000 full-time-equivalent U.S. positions in 2026.　　The study places the industrys broader employment footprint at 232,000 jobs. That

08-31Industry

Cronos halts blockchain after $75M Tectonic exploit

Cronos halted block production on Aug. 30 after detecting an exploit involving Tectonic, a decentralized lending protocol operating on the blockchain.　　Independent researcher Weilin Li estimated that approximately $75 million was affected. However, neither Cronos nor Tectonic had confirmed the cause or total loss as of Aug. 31.　　Most of the identified assets appeared to remain on Cronos after validators stopped the network. No restart time, recovery plan or compensation framework had been announced.　　Tectonic exploit reportedly used inflated TONIC collateral　　Li attributed the incident to the treatment of TONIC, Tectonics governance token, as collateral. TONIC reportedly had a 20% collateral factor despite limited market liquidity.　　According to his initial analysis, the attacker increased TONICs market price roughly 100-fold over about 20 minutes. The attacker then supplied the inflated tokens as collateral and borrowed other assets from Tectonic.　　Li described the incident as a “Mango-market style” pump-and-borrow attack. The characterization remains an independent assessment because Tectonic has not published its own technical post-mortem.　　The reported pattern resembles earlier attacks in which thinly traded collateral was assigned an inflated valuation. As crypto.news reported, a similar collateral-price attack drained Moonwell of an estimated $8.7 million shortly before the Tectonic incident.　　Cronos halt kept most identified funds onchain　　Li initially placed the

08-31Industry

3 Token Unlocks to Watch in the First Week of September 2026

The crypto market will welcome tokens worth around $1.5 billion in the first week of September 2026. Major projects, including Hyperliquid (HYPE), Ethena (ENA), and Sui (SUI), will release significant new token supplies. 　　These unlocks could introduce market volatility and influence short-term price movements. So, heres a breakdown of what to watch.　　1. Hyperliquid (HYPE)Unlock Date: September 6Number of Tokens to be Unlocked: 9.92 million HYPEReleased Supply:464.91 million HYPETotal Supply:1 billion HYPE　　Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and sub-second transaction finality.　　On September 6, the team could unlock 9.92 million tokens worth $797 million. Tokenomist noted that this is a long-range estimate. The tokens account for 2.37% of the released supply.　　Discover more　　Investing In Digital Currencies And Crypto　　Finance　　FINANCE　　HYPE Crypto Token Unlock in September. Source: Tokenomist　　The team has allocated the unlocked supply to core contributors. Tokenomist pointed out that HYPE has historically claimed far fewer tokens than its projected unlock amounts.　　2. Sui (SUI)Unlock Date:September 1Number of Tokens to be Unlocked: 13.53 million SUIReleased Supply:4.08 billion SUITotal supply: 10 billion SUI　　Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications

08-31Industry

Australian Dollar moves little following Chinas NBS PMI data

AUD/USD edges higher after opening at a bearish gap, remaining in the negative territory and trading around 0.7160 during the Asian hours on Monday. The currency pair holds steady as the Australian Dollar (AUD) experiences little movement following the release of China‘s NBS Purchasing Managers’ Index (PMI) data. Because Australia and China share strong trade ties, shifts in economic conditions within China frequently impact the performance of the AUD.　　China‘s Manufacturing PMI rose to 49.8 in August, compared to 49.2 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Monday. The reading came in above the market consensus of 49.7 in the reported month. The NBS Non-Manufacturing PMI steadied at 49.0 in August versus Julys 49.0 figure.　　Australia‘s TD-MI Inflation Gauge rose to 4.8% year-over-year in August, from 4% in July. However, the monthly reading declined to 0.5% from the previous month’s 1%.　　The upside of the AUD/USD pair could be limited as the US Dollar (USD) could rebound amid hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh. Warsh said on Friday at the Jackson Hole symposium that policymakers will “have work to do” if they were not confident cost-of-living pressures were easing for Americans. “We must be confident

08-31Industry

Japanese Yen seems vulnerable near one-month low, around 160.00 vs USD

The USD/JPY pair kicks off the new week on a subdued note and trades around the 160.00 psychological mark during the Asian session, just below a one-month high, touched on Friday. The fundamental backdrop, meanwhile, seems tilted in favor of bullish traders and suggests that the path of least resistance for spot prices remains to the upside.　　The Japanese Yen (JPY) might continue with its relative underperformance amid market anxieties over Japans worsening public finances and expansionary fiscal policies. Adding to this, US Treasury Secretary Scott Bessent ‌said on Sunday that the recent JPY move is pretty well contained, dampening hopes for another joint Japan-US intervention. Furthermore, borrowing costs in Japan remain significantly lower than in other major economies, including the US, which keeps the so-called JPY carry trade active and acts as a tailwind for the USD/JPY pair.　　The Bank of Japan (BoJ) increased its short-term policy rate to 1.00% in June, or the highest level in 31 years. Moreover, financial markets are pricing in an 80% chance that the BoJ will slowly narrow this difference with another rate hike in September. On the other hand, the Fed‘s benchmark rate ranges between 3.5% and 3.75%. Furthermore, Fed Chair Kevin Warsh’s hawkish

08-31Industry

Iceland EU Rejection Keeps Nation Outside MiCA Crypto Rules

Key TakeawaysVoters rejected resuming EU membership talks, keeping Iceland outside the EUs strict MiCA crypto framework.The 52.8% No vote preserves Icelands EEA status while highlighting a deep rural-urban divide.MiCA regulation will likely still impact Iceland in the future through eventual EEA agreement updates.　　Iceland Says No To EU Talks, Maintains Own Crypto Framework　　In a referendum held on August 30, Iceland, traditionally known as a bitcoin mining hub, rejected a proposal that would have paved the way for talks seeking to become a member state of the European Union.　　According to numbers reported by RÚV, the countrys official broadcaster, the No option garnered support from 52.8% of the voters (105,339 votes) in a close call that evidenced the divide between urban areas, which supported resuming integration talks, and rural communities, which rejected these moves.　　A Yes option victory would have implied a new move by Icelandic authorities to resume talks to become a member state, a process the nation started in 2009 but froze without an official withdrawal to this day.　　The rejection of these talks implies that Iceland retains its status as a member of the European Economic Area and a signatory of the Schengen Agreement. This means that, while maintaining close relationships with

08-31Industry

Ethereum reclaims KEY level after 108 days - Why $2,500 matters next

Ethereums [ETH] 30% weekly rally has given investors their first conviction test at $2,500. Notably, this zone remains key since demand had been building for months at the bottom end of $1,900-$2,050.　　Once that supply had run out, demanders moved quickly through the $2,568 level as volume exploded, indicating stronger participation behind the breakout.　　However, the rapid advance by Ethereum into new ground stalled out just shy of $2,458. This indicates that bulls were yet to establish a solid floor at $2500.　　Source: TradingView　　The significance of that pause is maintained because thats where the cost is currently being absorbed as we approach the breakout highs. However, it still suggests that the bull run has not yet triggered an exodus.　　Discover more　　News　　Brokerages & Day Trading　　FINANCE　　Moreover, the RSI also appeared to confirm this sentiment, falling back from over 90 to 70.81 as of writing, with no corresponding price drop.　　Therefore, if bulls can get through to $2,500 again, it may create additional potential for an upward continuation to the previous breakout area at $2,568. On the other hand, if $2,426 is breached downward, it could indicate a growing amount of bearish pressure.　　ETH reclaims realized price after 108 days　　Ethereums push up to $2,500 has also altered how holders

08-31Industry

Polygon discloses security flaws fixed in recent hard forks

Polygon has disclosed several previously private security vulnerabilities that could have disrupted its proof-of-stake network, after deploying fixes through two recent hard forks.　　The vulnerabilities affected Polygon‘s Bor and Heimdall clients and included denial-of-service risks, validator resource exhaustion and flaws affecting checkpoint and milestone processing, according to a Thursday disclosure from Polygon Labs’ Validators Support Team.　　Polygon said the flaws were fixed through the Austin and Kyoto hard forks, which were deployed privately and tested before being activated on mainnet and publicly disclosed.　　The most severe issue involved Heimdall, where a specially crafted transaction could force validators to perform excessive processing work, potentially disrupting the network. The Austin hard fork separately addressed two denial-of-service risks in Bor that could have slowed block processing or caused nodes to crash.　　None of the vulnerabilities were observed being exploited on mainnet, according to Polygon, which said the fixes were deployed proactively before details were made public.　　Nodes running older versions of either client past the hard fork activation heights have already fallen out of consensus and must upgrade to rejoin the canonical network, according to the disclosure. Bor v2.10.0 is required for all Polygon PoS nodes, while Heimdall v0.11.0 is required for validators and full nodes, with both

08-31Industry

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