Crypto Industry News & Market Trends

SEC Commissioner Hester Peirce to leave post on Oct. 2

SEC Commissioner Hester Peirce has submitted her formal resignation from the US Securities and Exchange Commission, effective Oct. 2.　　Peirce, also known as “Crypto Mom” amid her advocacy of clear, rules-based regulation of the crypto industry, posted a copy of her resignation letter on her X account Friday.　　In the letter, she thanked the president for the “honor of her professional lifetime” serving as a commissioner and said she was leaving the SEC under the excellent leadership of Chairman Paul Atkins and Commissioner Mark Uyeda, the two remaining members, who are both Republicans.　　Peirce served on the commission for about eight years. Since Feb. 4, 2025, she was also director of the agencys Crypto Task Force. Her term at the SEC officially expired in June 2025, but commissioners “may continue to serve up to approximately 18 months after terms expire if they are not replaced before then,” according to the agency.　　Peirce will join law school as associate professor　　Cointelegraph reported in May that Peirce planned to join the law school of Regent University in Virginia as an associate professor in November. Peirce is expected to help the law school bolster its academic focus in several areas, including federal litigation, securities regulation and digital assets,

Within 1 weeksIndustry

Samourai Wallet co-founder faces transfer after 30-day jail ordeal

Samourai Wallet co-founder Keonne Rodriguez faces another prison transfer after the drug treatment program at FCI McKean was deactivated, he said Wednesday.　　Rodriguez said on X that McKeans warden told program participants that Rodriguez and 70 others would be moved to facilities where treatment remains available. He entered the program because completing it could reduce his sentence by up to a year.　　In a letter published by The Rage, Rodriguez called his earlier journey from FPC Morgantown to McKean the “absolute worst 30 days” of his life. He said his request to make the roughly four-hour trip himself was denied.　　Rodriguez is serving a five-year sentence after pleading guilty to conspiring to operate an unlicensed money-transmitting business. The Justice Department said he and Samourai co-founder William Lonergan Hill transmitted more than $237 million in criminal proceeds through the service.　　A four-hour drive became 30 days in transit　　Rodriguez said inmates leaving Morgantown were placed in ankle shackles and handcuffs attached to waist chains before being taken by bus to an airport and flown to the Federal Transfer Center in Oklahoma City.　　Related: Samourai Wallet co-founder spends Christmas Eve recounting first day in prison　　At the facility, Rodriguez said he was held with prisoners from different security classifications

Within 1 weeksIndustry

Kalshi loses appeal, setting up potential Supreme Court case

Prediction market Kalshi lost on appeal when a court ruled that Ohio and Tennessee can regulate sports-event contracts under their state gambling laws.　　The 6th US Circuit Court of Appeals ruled against Kalshi on Friday when a three-judge panel sided unanimously with Ohio and Tennessee, finding that the prediction market failed to demonstrate its sports-event contracts are “swaps” under the jurisdiction of the Commodity Futures Trading Commission (CFTC).　　The ruling followed a similar finding from the 9th Circuit Court of Appeals last month, which broke from an April decision by the 3rd Circuit Court of Appeals allowing the company to do business in New Jersey as its appeal process proceeds.　　The April ruling said Kalshi was likely to succeed with its argument that federal law preempts New Jerseys regulations, all of which has set up a potential Supreme Court case.　　Cointelegraph reported on Wednesday that a group of state lawmakers had filed an amicus brief with the Supreme Court, urging it to weigh in on the case between Kalshi and state gaming authorities, potentially resolving whether state authorities or federal agencies have jurisdiction over prediction market companies.

Within 1 weeksIndustry

IBIT options price trading more calmly after Bitcoin rebound

Options on BlackRock‘s iShares Bitcoin Trust (IBIT) are pricing smaller swings than the fund experienced during Bitcoin’s recent rebound, according to Saxo Bank.　　IBITs implied volatility stood at 37.4%, compared with realized volatility of 45.5% over the 20 trading sessions through Tuesday, Saxo investment and options strategist Koen Hoorelbeke wrote Thursday.　　Based on Wednesday‘s data, Hoorelbeke’s analysis put IBITs implied volatility rank at 11.9, placing the measure near the bottom of its 12-month range.　　“In our view the options market appears to be pricing calmer conditions than the recent past produced,” Hoorelbeke wrote.　　Implied volatility reflects expectations of future price swings embedded in options prices, while realized volatility measures past movements.　　Hoorelbeke identified resistance around $87,000, where Bitcoins advance stalled on Sept. 21, and support between $76,000 and $77,000.　　Bitcoin traded at $84,751 at the time of writing, up 1.6% in the last 24 hours, according to CoinGecko.

Within 1 weeksIndustry

Balancer fork’s 6 million BAL ask could cut holders’ redemption value

MAXYZ, a group of former Balancer contributors, is asking for up to 6 million currently non-circulating BAL to seed a successor protocol. If the granted tokens reach other eligible holders before Balancers proposed wind-down redemption snapshot, the same treasury would be divided among more BAL. In exchange, MAXYZ proposes a contingent allocation from a future fork to the Balancer treasury, an asset with no realized value today.　　The fork proposal, posted Sept. 20 and expanded in a Sept. 23 FAQ, sits beside a separate wind-down plan to let BAL holders burn their tokens for a pro rata share of the DAOs remaining assets. Neither forum proposal by itself transfers tokens, changes pool operations or gives the fork rights to code. The financial question for an old holder is how much of the grant would become redeemable, and whether a possible future stake in the fork compensates for a smaller share of the old treasury.　　What six million BAL would change　　MAXYZ identifies about 3.5 million BAL in the treasury, 1.6 million in a Balancer Labs fundraise safe and 928,000 in a Labs team safe as its proposed seed. Its Sept. 23 FAQ proposes taking half the grant upfront and the rest, up to

Within 1 weeksIndustry

Shiba Inu 657% Burn Rate Surge Sends 15.16 Million SHIB to Dead Wallets

Shiba Inu burn page shows a 657% rise in daily SHIB burn rate as millions of SHIB sent to dead wallets.　　15.16 million SHIB tokens have been burned in the last 24 hours, causing an uptick in the daily burn rate. This marked a deviation from that seen at the weeks start when Shiba Inus burn activity flattened.　　On September 24, 2026, just 227,777 SHIB were burned; this figure slightly increased on September 25 with 2,184,538 SHIB burned.　　Several transactions contributed to the 15.16 million SHIB burn figure in the last 24 hours. In recent hours, a total of 3,887,908 SHIB tokens were burned at once. Another 1,080,682 SHIB tokens were burned in a single transaction, Shibburn reported a few hours back. A total of 10,007,239 SHIB was also sent to dead wallets in a single transaction.　　99.16 million SHIB was burned in the last seven days, while 383.92 million SHIB was burned in the last 30 days, with Coinbase being the largest SHIB burner in this timeframe.　　A total of 410,844,369,470,023 SHIB has been burned so far, representing 41.08% of Shiba Inus initial supply of 1 quadrillion tokens.　　SHIB price action　　At the time of writing, SHIB was up 1.81% in the last 24 hours to

Within 1 weeksIndustry

US and China Open Cold War-Style AI Hotline

The US and China now have a hotline for artificial intelligence (AI). The White House announced it on Friday, after Chinese President Xi Jinpings state visit to Washington.　　Whether the line slows the AI race is another question. Washington says its own AI push will not ease off.　　Sponsored　　Sponsored　　A Cold War-Style Phone Line for AI　　According to the White House document, a new US-China Super Intelligence Dialogue will study the risks and benefits of AI. The first talks are due by November. A separate channel will handle AI incidents.　　US Trade Representative Jamieson Greer, explained the channel with a Cold War comparison.　　“I think of like the red phone between the Kremlin and the White House during the Cold War,” CBS reported.　　Xi said AI should develop “always under human control,” according to CBS.　　However, hours before the talks, Trump posted a different message on Truth Social.　　“Super Intelligence (SI) will be a big topic of discussion, but I want to leave it exactly where it is. That is Chinas position also. Our guardrail is the DOJ!”　　Sponsored　　Sponsored　　Still, talking does not mean slowing down. BeInCrypto reported on September 16 that Treasury Secretary Scott Bessent had opened AI risk talks with China. At the same time, he insisted the US

Within 1 weeksIndustry

Fed stablecoin proposal would make circulation a capital cost for supervised issuers

A hypothetical payment stablecoin issuer within the Federal Reserves proposed supervisory scope, with $1 billion in circulation and no revenue from activities outside its reserve assets, would start with a $20 million baseline operational-risk capital charge under the Feds proposal announced Sept. 24. A separate loss-history adjustment and any other applicable capital charges would still have to be applied. The issuer would also need reserves backing its coins.　　The proposal gives the growth of a stablecoin a direct capital consequence: more coins outstanding mean a larger baseline operating-risk charge, even if the issuer earns nothing from custody or other activities. The formula would apply to approved stablecoin-issuing subsidiaries of insured state member banks and to certain qualifying state-chartered issuers that transition to Fed supervision. The Office of the Comptroller of the Currencys pending proposal takes a different route for issuers under its jurisdiction, using a capital amount tailored to each business and a separate pool of liquid assets tied to expenses.　　How the Feds proposed charge grows　　For the first $20 billion of payment stablecoins outstanding, the Fed would calculate the issuance portion of baseline operational-risk capital at 2%. The rate would fall to 1.5% on the next $30 billion and 1% on

Within 1 weeksIndustry

Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial

Evercrest Technologies, the company behind KelpDAO, has sued LayerZero Labs, its Canadian affiliate, and CEO Bryan Pellegrino in British Columbia over Aprils $292 million rsETH exploit.　　The claim alleges negligent misrepresentation, negligence and defamation, seeks aggravated and punitive damages, and says Kelp users have withdrawn more than $650 million since the attack.　　Pellegrino has called the suit meritless. By Aug. 4, projects tied to roughly $14.5 billion in assets had announced moves from LayerZero to Chainlinks CCIP, nearly 50 times the amount stolen.　　The lawsuit now asks a court to settle a responsibility dispute that customers have been pricing on their own since April.　　Two failures had to line up　　On April 18, attackers tricked LayerZeros verifier into approving a forged cross-chain transfer. LayerZeros incident report traces the intrusion to a developer who was socially engineered into cloning a malicious GitHub repository in March.　　The attackers reached LayerZeros RPC environment, poisoned two internal nodes, and knocked an external RPC provider offline, so the verifier signed a message built on false source-chain data and 116,500 rsETH left Kelps bridge.　　That compromise succeeded because Kelps bridge required approval from a single verifier, LayerZeros own, leaving one party able to authorize the release. The on-chain signature check worked as designed,

Within 1 weeksIndustry

Bitcoin Price Still 33% Below Its Peak High as Bulls Plot a Comeback

At 8:30 a.m. Eastern time, bitcoins price stood at $84,162 on Saturday, Sept. 26, 2026, down 0.51% over 24 hours, as the leading crypto asset continued consolidating following its retreat from $87,374. The daily technical picture remains positive, supported by 13 bullish moving average (MA) readings, although declining trading volume and a neutral oscillator profile suggest buyers have yet to establish sufficient momentum for another sustained advance.　　Key TakeawaysBitcoins price remains 33.2% below its October 2025 all-time high of $126,080.Bitcoins daily moving averages retain a strong bullish rating, with 13 positive readings.A break below $83,000 puts bitcoins $80,000-$81,144 support cluster in play.　　Bitcoin Price Analysis: Sept. 26, 2026　　Bitcoins price traded near $84,165 on Saturday morning, navigating a relatively narrow 24-hour range between $83,230 and $84,662 as buyers and sellers continued their tug-of-war following the rejection at $87,374. Despite the short-term hesitation, bitcoin remains 3.64% higher over seven days and 8.85% higher over two weeks, suggesting the broader recovery has not yet run out of steam.　　With a market capitalization of approximately $1.69 trillion and daily trading volume of $27.86 billion this weekend, attention now turns to whether support around $83,000 can withstand another test or whether bulls can reclaim the $85,500 to $86,000

Within 1 weeksIndustry

...

4042

...

1000