Crypto Industry News & Market Trends

Indian Rupee cushioned by RBIs likely intervention, outlook remain fragile

The Indian Rupee (INR) gains a temporary ground against the US Dollar (USD) on Friday after remaining under pressure in the past few days. The USD/INR pair struggles to extend gains above 95.96 on the likely Reserve Bank of Indias (RBI) intervention.　　According to a Reuters report, Indias central bank likely sold US Dollars before the ‌local spot market opened on Friday, four traders told, helping the Indian rupee hold ⁠stronger than the key psychological 96-per-dollar level.　　However, the mild strength in the Indian Rupee appears to be short-lived as United States (US) Treasury Yields continue to rally due to elevated energy prices and Federal Reserves (Fed) higher-for-longer interest rate narrative.　　In the opening trade, the MCX Crude Oil contract expiring on October 19 trades 2.3% lower to near Rs. 8,950, but has gained sharply in the last two trading days. Meanwhile, 10-year US Treasury Yields are close to its 19-year high of 5.23% posted on Thursday.　　The appeal of riskier assets, such as equities and currencies, like the Indian Rupee, gets diminished, in a high US bond yields environment.　　US yields surge as markets reprice Feds rate path　　Analysts at MUFG highlight that the “dominant market theme remains the relentless rise in US yields and

09-25Industry

‘Only hedge funds, retail sold’ — Will BTC sustain rally as Bitcoin ETF flows turn positive？

U.S Spot Bitcoin ETFs have been on a winning streak for the past five days, effectively hauling in $2.65B in net inflows.　　The strong demand has flipped the ETF positive on a year-to-date (YTD) basis and lifted BTCs price to an eight-month high of $87K. However, the bullish momentum is still facing renewed bond market pressure and a potential Fed rate hike in October.　　Can Bitcoin ETF demand survive macro pressure？　　This weeks massive Spot BTC ETF demand turned YTD flows positive with $349M, according to Galaxy Research data.　　On Monday alone, the ETF complex attracted $1B in daily inflows. On Tuesday, they hauled in another $714M, with these figures dropping slightly on Wednesday to $346M.　　Discover more　　Crypto trading course　　Blockchain development tools　　Digital payment systems　　Source: Galaxy Research　　Overall, the ETF complex pulled in $2.65B. Out of the $2.65B demand seen over the past five days, BlackRock drove half of the ETF flows.　　In fact, even Bloomberg analyst James Seyffart noted that the recent traction could soon help the cumulative flows (aggregate demand since inception) turn positive too.　　Since last October, the cumulative flows had dipped by $12B (77.8K BTC). However, the rebound has now erased it by half. The cumulative flows, or total BTC held by the ETF complex,

09-25Industry

HIFI raises $37M to expand stablecoin payments, tokenized markets

Stablecoin infrastructure company HIFI has raised $37 million in a Series A funding round led by Left Lane Capital as the use of stablecoins for payments and cross-border transfers continues to grow despite weakness in the broader crypto market.　　Cross-border stablecoin flows rose 77.5% to $220.3 billion in the 12 months ending June 2026, even as the wider crypto market shrank by more than a third over the same period, according to Chainalysis.　　HIFI CEO Zach Walsh told Cointelegraph that the Series A is the companys first priced funding round. The company did not disclose its valuation. “HIFI is processing approximately $7 billion in annualized volume directly through its platform,” Walsh said.　　The funding comes as more payments and financial assets move onto blockchains, increasing demand for infrastructure connecting those networks to the banking system.　　Firms such as Visa and the Depository Trust & Clearing Corporation (DTCC) have been rolling out or testing blockchain-based financial infrastructure.　　HIFI expands into tokenized capital markets　　HIFIs infrastructure allows customers to move dollars into and out of stablecoins, send payouts through US banking rails and cards, and settle the cash side of tokenized repo and Treasury transactions in US dollars.　　“This financing will support the scaling of HIFIs tokenized capital markets

09-24Industry

Apollo limits private credit withdrawals for third consecutive quarter

The slow-motion liquidity crisis in private credit has rolled into its third quarter, with Apollo gating another three months of withdrawal requests from its flagship retail private credit fund.　　On Tuesday, the fund disappointed investors who had asked to cash out 14.7% of their shares.　　It will honor about two thirds less at just 5%, and has gated withdrawals for at least nine months.　　The rationed exit is supposed to prevent a stampede for the exits that gating during the first and second quarters was supposed to alleviate.　　Stock prices across the private credit market continue to crater. Apollos own common stock closed down 14% year-to-date, far underperforming the S&P 500 at +12% YTD.　　Private credit peers are also underperforming their benchmarks year-to-date: Blackstone has lost 22%, Ares is down 24%, KKR is down 23%, Carlyle is down 33%, and Blue Owl has declined 36%.　　Year-to-date stock prices of listed private credit companies. Source: TradingView　　Apollo Debt Solutions BDC, a private credit fund, is a retail vehicle holding a $25.9 billion portfolio of senior secured loans.　　Investors wanted to redeem 11.2% of shares in the first quarter but were told to expect about 45 cents per dollar worth of requests.　　In the second quarter, they asked for 16.8% of

09-24Industry

Alpen says AI identified Liquids $320M BTC exploit in an hour. Could a payout limit have stopped it？

On September 6, 2026, Liquids federation released roughly 3,996 BTC after its network accepted L-BTC that lacked Bitcoin backing. Liquid is a Bitcoin sidechain whose L-BTC is meant to represent bitcoin held in a federation reserve. A validly authorized withdrawal turned the invalid sidechain state into a real Bitcoin payment worth about $320 million at the time. A payout limit before federation signing might have interrupted that exit.　　Related Asset Bitcoin #1 BTC · $83,509.77 24-hour change: down 2.27% Loading price history… 24H Down 2.27% 7D Up 8.76% 30D Up 5.66%　　Alpen Labs CEO Simanta Gautam now says his AI agents traced the flaw and reproduced it locally in about an hour. The work began after he heard of the September 6 attack. His September 22 account and technical report give a detailed explanation of the failed proof check. The demonstration came after the funds left, so its speed says little by itself about whether a standing AI monitor would have raised an actionable warning before the attack.　　Elements, the software underlying Liquid, caches successful checks of the cryptographic proofs attached to confidential transactions. A September 1 code change tried to make each cached result depend on all the context that affects verification,

09-24Industry

EU could tighten access to DeFi lending as EBA pushes new MiCA rules

The European Union has moved closer to tighter oversight of DeFi lending access after the European Banking Authority called for crypto borrowing and lending services to be brought within the scope of the blocs Markets in Crypto Assets framework.　　According to the European Banking Authority, crypto asset service providers that connect customers to decentralized lending protocols could face new requirements if the European Commission decides to expand MiCA as part of its ongoing review.　　The EBA wants the Commission to conduct a cost benefit analysis of legislative changes that would add the intermediation of crypto borrowing and lending to the list of services regulated under MiCA. Its recommendations go beyond centralized crypto lenders and consider how regulated firms provide customers with access to DeFi protocols.　　Possible measures include suitability tests for users, limits on leverage and extra disclosure requirements. The regulator raised the prospect of restrictions involving lending products that use asset referenced tokens or e money tokens requiring authorization under MiCA.　　A certification regime for DeFi lending protocols could be considered as another option, particularly where regulated crypto firms act as the gateway through which customers access decentralized lending services.　　DeFi lending access could face MiCA checks　　Crypto lending activity has been identified in at

09-24Industry

Bitcoin falls below $84K as 10-year Treasury yield hits 19-year high

Key pointsBitcoin fell below $84,000 as the US 10-year Treasury yield reached its highest level since 2007.An analyst put the odds of an October Fed hike above 70% as the Treasury prepared a bond buyback of up to $6 billion.Bitcoin has closed September higher for three straight years, while October has averaged a 19.92% gain, per CoinGlass data.　　Bitcoin fell below $84,000 during Asian trading hours on Thursday, slipping to $83,200 after the US 10-year Treasury yield climbed to its highest level since 2007.　　The 10-year yield closed Wednesday at 5.11%, up from 4.96% Tuesday, and reached 5.13% intraday. CME attributed the bond selloff partly to stronger US business data and rising oil prices.　　“BTC has held up well even with surging rates and a strong USD,” James Stanley, senior market analyst for global macro at FOREX.com wrote Wednesday. Stanley identified $82,833 as the next level to watch if the pullback deepens.　　The US 10-year Treasury yield climbed above 5.1%, reaching its highest level since 2007. Source: TradingView　　Rising Treasury yields offer investors higher returns on government debt and can raise borrowing costs, potentially weighing on Bitcoin and other risk assets.　　The US Treasury announced Wednesday a $6 billion ceiling for its Thursday buyback of bonds

09-24Industry

Ripple will unlock 1 billion XRP in 7 days

Ripple is only a week away from its next scheduled XRP escrow unlock, with 1 billion XRP set to be released on October 1.　　The upcoming release marks Ripples tenth XRP escrow unlock of the year, and it continues the long-standing monthly schedule established when the company introduced its escrow program back in 2017.　　At the current price of $1.47, the unlock has a notional value of $1.47 billion.　　XRP price 24-hour chart. Source: Finbold　　However, while Ripples escrow system is designed to provide greater transparency and predictability, not all of the 1 billion XRP unlocked on the first day of each month enters circulation. Instead, Ripple typically returns most of the unlocked tokens to new escrow contracts.　　Following the previous unlock, for example, which took place on September 1, 2026, the company put 700 million XPP back into escrow accounts, where roughly 32 billion XRP now remains.　　In short, then, the actual increase in potentially circulating XRP has generally been closer to 200 million to 300 million tokens per month, rather than the full 1 billion XRP unlocked from escrow.　　October 1 XRP unlock not likely to affect the price　　Since Ripple originally placed 55 billion XRP into escrow contracts to establish a predictable release schedule for

09-24Industry

Cosmos restarted to seize $2.2 million in stolen ATOM, but 169,000 tokens still escaped

Cosmos Hub restarted after a nearly day-long halt, moving 1.23 million ATOM linked to a governance exploit on Neutron.　　Related Asset Cosmos #68 ATOM · $1.70 24-hour change: down 5.33% Loading price history… 24H Down 5.33% 7D Up 11.38% 30D Up 9.38%　　Validators resumed block production on Sept. 23 after stopping the network a day earlier, with the first block after the restart moving 1,227,121.37 ATOM, worth about $2.2 million, from an attacker-linked address.　　The intervention followed the movement of funds stolen from Neutron onto Cosmos Hub, extending the fallout from an attack that began on a separate blockchain in the Cosmos ecosystem. Cosmos Hub said its network was not exploited and that the halt was intended to secure assets bridged from Neutron before they could move further.　　Block production resumed at block 33,086,741, with the upgrade transferring the attacker-linked balance into a recovery address before ordinary activity continued. Cosmos Hub later said the secured assets had been placed in a community validator multisig while participants coordinated their return.　　Related Asset Neutron NTRN · $0.00069 24-hour change: down 0.04%　　Former Neutron contributor Spaydh said the attack began after an attacker accumulated enough NTRN voting power to pass an expedited governance proposal that reassigned administrative rights over

09-24Industry

EU banking watchdog calls for crypto lending rules under MiCA

The European Banking Authority (EBA) has called for crypto lending to be brought under the European Unions Markets in Crypto-Assets (MiCA) framework as regulators consider potential changes to MiCA.　　In a response to the European Commissions (EC) targeted consultation on MiCA, the EBA said crypto borrowing and lending should be regulated, including where crypto asset service providers facilitate access to decentralized finance (DeFi) lending protocols.　　The regulator recommended that the EC conduct a cost-benefit analysis of legislative changes that could add intermediating crypto borrowing and lending to the list of services regulated under MiCA, potentially adding specific compliance requirements and oversight activity. It also suggested requirements for crypto firms that provide clients access to DeFi lending protocols.　　The EBA outlined potential measures including suitability tests for users, leverage limits and additional disclosure requirements. The regulator also raised the possibility of restricting access to lending involving asset-referenced or e-money tokens that require MiCA authorization and introducing a certification regime for DeFi lending protocols.　　The EBA said crypto lending is growing across the bloc, citing previous research showing borrowing and lending activities in at least 16 EU member states. It said easier access to DeFi through crypto firms and artificial intelligence tools is increasingly blurring the

09-24Industry

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