Crypto Industry News & Market Trends

Stolen ATOM: 1.23 million held pending Cosmos Hub vote

An attacker moved roughly 1.73 million stolen ATOM from Neutron to the Cosmos Hub during a Sept. 22 governance attack. Hub validators secured 1,227,121.37 ATOM of that flow in an emergency software patch, but the six signers holding it say a separate Hub governance proposal must pass before they release the funds to affected users and protocols.　　That condition, detailed in a Sept. 25 account from Cosmos Labs, separates the emergency action validators took to prevent further outflows from the decision over who should receive the money. The recovery address held 1,227,121.374688 ATOM in a Hub balance query at 15:40 UTC on Sept. 26. The tokens were in custody, while Cosmos Labs said the Neutron response team was still preparing the evidence and distribution plan that would support a return.　　How validators secured the ATOM　　The attack began on Neutron on Sept. 22, when a governance proposal gave the attacker administrative control over contracts used by Astroport and other protocols, according to the Hub maintainers. The attacker moved some of the stolen assets to other networks, including roughly 1.73 million ATOM to the Cosmos Hub. The Hub itself was not exploited; it became the place where part of the stolen balance could still

3 days agoIndustry

KITE crypto attracts fresh leverage after 12% rally: Is $0.20 within reach？

Kite [KITE] cryptos price surged 12.34% at press time, as AI sector rotation reinforced its outlook, with the expanding trading activity suggesting growing participation behind the rally.　　Notably, this latest price advance emerged alongside improving conditions across the wider altcoin market. Furthermore, the Altcoin Season Index registered a weekly gain of 25%, implying increased capital rotation beyond Bitcoin [BTC].　　Crucially, market participation also expanded rapidly alongside the price advance, with the spot volume jumping 76.43% to $34.6 million.　　Moreover, the rally carried a stronger activity instead of relying solely on thin market conditions. Besides, AI-sector interest also gave buyers an outlook capable of supporting continued focus toward KITE.　　Fresh leverage follows the rally　　The market participants on the derivatives also increased their exposure as KITE advanced its price recovery.　　Notably, KITE‘s Futures volume climbed 64.88% to $48.48 million, as its Open Interest (OI) increased 12.21% to $57.94 million as of writing. These simultaneous expansions suggested fresh leveraged positions entered as investors responded to KITE’s price increase.　　Additionally, the positioning also leaned heavily towards further upside among the Binance‘s top traders. Specifically, the top trader’s Long/Short ratio by positions hit 4.7002, reflecting a significant long exposure.　　Meanwhile, short liquidations, on the other hand, reached $27.48K over 24 hours, compared

3 days agoIndustry

Cosmos intercepts 1.23 million stolen ATOM but refunds now wait on governance vote

An attacker moved roughly 1.73 million stolen ATOM from Neutron to the Cosmos Hub during a Sept. 22 governance attack. Hub validators secured 1,227,121.37 ATOM of that flow in an emergency software patch, but the six signers holding it say a separate Hub governance proposal must pass before they release the funds to affected users and protocols.　　Related Asset Cosmos #69 ATOM · $1.87 24-hour change: down 0.13% Loading price history… 24H Down 0.13% 7D Up 5.90% 30D Up 26.10%　　That condition, detailed in a Sept. 25 account from Cosmos Labs, separates the emergency action validators took to prevent further outflows from the decision over who should receive the money. The recovery address held 1,227,121.374688 ATOM in a Hub balance query at 15:40 UTC on Sept. 26. The tokens were in custody, while Cosmos Labs said the Neutron response team was still preparing the evidence and distribution plan that would support a return.　　How validators secured the ATOM　　The attack began on Neutron on Sept. 22, when a governance proposal gave the attacker administrative control over contracts used by Astroport and other protocols, according to the Hub maintainers. The attacker moved some of the stolen assets to other networks, including roughly 1.73 million ATOM

3 days agoIndustry

Bitcoin ETF Comeback: $2.4B Week Flips Year-to-Date Flows Positive

The ETH ETFs also had a strong week, attracting nearly $700 million.　　It was hard to imagine after June ended and the massive outflows recorded within the first six months of the year, but the spot BTC ETFs have managed to turn the tables and are actually well in the green now YTD.　　The spot Ethereum ETFs have erased last weeks losses, and the cumulative net inflows are up to nearly $14 billion again.　　BTC ETFs Back in Green YTD　　As reported earlier this week, the Monday numbers set a multi-month record in terms of daily inflows as investors inserted almost $1 billion within a single trading session. Although the inflows declined by the end of the week, they were still in the green. $714.75 million entered the funds on Tuesday, another $346.98 million on Wednesday, $190.65 million on Thursday, and $134.47 million on Friday.　　Consequently, this pivotal week ended with $2.39 billion in net inflows for the spot Bitcoin ETFs, pushing the cumulative total net inflows to $57.55 billion. As mentioned above, the YTD numbers have turned green, which was nearly impossible after June. At the time, investors pulled out a record $4.51 billion from the funds, which followed a painful May with $2.43

3 days agoIndustry

Peter Brandt Says XRP Charts Alone Give Him Reason to Make a Bet

Veteran trader Peter Brandt sees a potential XRP bet in its long-term price pattern, even as he questions unquestioning loyalty to the token. His Sept. 26 image places that view alongside a more recent retreat.　　Key TakeawaysThe Sept. 26 chart spans more than a decade of XRP trading.Brandts earlier $5.40 projection implied a gain of about 251% from $1.54.He praised an XRP pattern in 2024 while stating that he held no position.　　Brandt Sees an XRP Bet Without Joining Its Devoted Following　　XRPs price history remains compelling to Peter Brandt even as he challenges the devotion of some token supporters. In a Sept. 26 post on X, the veteran trader described his chart-based interest in owning XRP: “It is not necessary to be a certified cult member to be an interested owner of a crypto $XRP.” He added:　　“The charts alone have always been enough reason for us to make a bet.”　　“The charts alone have always been enough reason for us to make a bet.”　　“There is a difference between being open-minded and having a hole in the dead,” he noted. The founder of trading firm Factor Trading has used classical price charts, which track recurring formations in historical prices, throughout his trading career. Brandt

3 days agoIndustry

Zcash (ZEC) Price Prediction: Zcash Co-Founder Predicts ZEC at $5,000 by 2026

The move has pushed the Zcash price more than 100% higher over the past 30 days, bringing renewed attention to its potential price targets for the remainder of 2026.　　Zcash co-founder Eli Ben-Sasson has offered an especially ambitious outlook, predicting that ZEC could reach $5,000 by the end of 2026. His projection comes as whale accumulation, demand for privacy-focused assets, and institutional products have become increasingly important themes around Zcash.　　Zcash (ZEC) price chart. Source: Brave New Coin　　The $5,000 target would represent a substantial increase from current levels and would require ZEC to nearly triple its price within the final months of the year. While the forecast has attracted attention, technical analysts are also monitoring resistance around $1,650-$1,720 and potential support near $1,500-$1,550.　　Zcash Co-Founder Sets $5,000 ZEC Target　　Ben-Sassons forecast places ZEC at $5,000 by the end of 2026. The outlook is based on factors including increased whale activity, growing interest in privacy coins, and what he describes as organic volatility surrounding Zcash.　　Discover more　　Crypto wallet review　　investing　　NEWS　　At around $1,550-$1,650, reaching $5,000 would require a move of roughly 200% from current levels. The target therefore represents a high-growth scenario rather than an extension of the immediate price trend alone.　　The broader market backdrop has also changed

3 days agoIndustry

Grayscale Files Zcash Income ETF, ZCSH Nears $1B in Assets

In a Sept. 25 filing with the SEC, Grayscale proposed the ZCSH High Income ETF, an actively managed fund designed to generate income through options tied to Zcash exchange-traded products. The fund would target biweekly distributions while maintaining indirect exposure to ZEC.　　The timing is notable. Grayscales existing Zcash ETF, ZCSH, has grown to roughly $996 million in assets, while ZEC itself has surged sharply during September.　　The New ETF Would Not Hold ZEC Directly　　This is not another spot Zcash ETF.　　The SEC filing says the new fund would not hold ZEC, maintain a crypto wallet or control private keys. Instead, it would use options tied to Zcash ETPs, including the existing ZCSH fund.　　The strategy resembles a covered-call product. The fund would collect option premiums and use them to support distributions every two weeks.　　That income comes with a trade-off: selling calls can limit upside if Zcash rallies sharply above the options strike prices.　　ZCSH Is Already Approaching $1 Billion　　The filing arrives as demand for regulated Zcash exposure accelerates.　　ZCSH crossed $500 million in assets just weeks after launch, and by Sept. 25 its asset base was approaching $1 billion.　　Importantly, that does not mean investors added nearly $1 billion of fresh cash. Part of the total

3 days agoIndustry

Kelp DAO Sues LayerZero Over $292M Exploit

Evercrest Technologies, the developer behind liquid restaking protocol Kelp DAO, has sued LayerZero Labs and its co-founder and CEO Bryan Pellegrino in the Supreme Court of British Columbia, escalating a months-long blame dispute over the April exploit of the rsETH bridge into formal litigation. The notice of civil claim is dated September 24 and was published by Kelp late on Thursday. Kelp argues the roughly $292 million attack “was a direct result of LayerZero‘s failures,” while LayerZero has maintained in its own post-incident statement that the loss came from Kelp’s single-verifier setup.　　What the claim alleges　　The filing pleads negligent misrepresentation, negligence and defamation, and seeks damages including aggravated and punitive damages, though it names no figure. Evercrest says LayerZero “reviewed and endorsed” the bridge deployment and configuration in writing before the attack, and that it warned another integrator about risks in its default setup but never gave Kelp the same warning. Kelp said it filed the case to “correct the record” and to hold LayerZero and Pellegrino accountable “for the harm they have caused us and the broader DeFi ecosystem.”　　LayerZeros response　　Pellegrino pushed back within hours. “The claim continues to be meritless, will meet them in Vancouver and defend myself accordingly,” he

3 days agoIndustry

Michael Saylor calls for ‘bill of digital rights,’ eyes $100 trillion crypto industry

Michael Saylor never misses an opportunity to applaud Bitcoin [BTC].　　In a recent X post dated the 26th of September, Saylor came up with an essay titled “Prescriptions for Prosperity in the Digital Economy” concerning individuals‘ and companies’ broader legal freedom around digital assets.　　How can AI help crypto？　　Saylors core argument stems from the fact that AI will dramatically increase economic productivity. For that, he wants the financial system to evolve alongside it. He therefore proposes what he calls a “bill of digital rights” rather than a framework with a main goal of restrictions.　　In his essay, Saylor gives weight to five rights that he believes should apply to both individuals and corporations. This includes creating, issuing, custodying, transferring, and using digital assets.　　Moreover, an asset becomes economically valuable based on what its owner is actually allowed to do with it. Saylor argues that restrictions on an assets usefulness can also restrict its economic potential.　　The age of Digital Assets and Digital Intelligence needs a bill of digital rights, not a bill of restrictions.　　Saylor proposes a ‘de minimis’ exemption　　He refers to Bitcoin as “digital capital” and wants banks to be able to custody BTC and provide loans against it under workable regulations. He also wants

3 days agoIndustry

Solana Price Analysis: SOL Holds $120 Support as Bulls Target $150

Key Insights:Solana price held $120 as traders watched $128–$132 resistance.Futures open interest remained elevated during SOLs latest recovery.Alpenglow testnet activity added another catalyst for network attention.　　Solana price held above $120 on Sept. 26 after SOL extended a late-week recovery across major spot markets. When writing, SOL was trading near $122.　　Meanwhile, traders watched $128–$132 as the next resistance zone. The rebound kept attention on whether buyers could preserve the breakout structure into the weekly close.　　The move mattered because SOL reclaimed a level that had capped earlier September rebounds. Futures positioning also remained elevated, while decentralized finance liquidity strengthened alongside the recovery.　　Network upgrades added another catalyst, but price confirmation remained necessary before broader targets became relevant.　　Solana Price Holds Above $120 After Weekly Rebound　　CoinMarketCap data showed Solana price trading around $122 at the time of writing. The token gained about 3.8% over 24 hours and roughly 20% over 30 days. The move followed a Sept. 25 close near $122, up from about $117 one day earlier.　　Discover more　　Enterprise blockchain solutions　　Daily crypto news　　Bitcoin mining hardware　　Solana price chart | Source: CoinMarketCap　　Price action, therefore, returned SOL above the psychological $120 level after several failed tests earlier this month. Market analyst FOUR wrote on X that SOL had

3 days agoIndustry

...

2628

...

1000