Crypto Industry News & Market Trends

Circle expands CCTP to EURC and cirBTC on Arc

Circle has expanded its Cross-Chain Transfer Protocol beyond USDC on Arc, bringing native EURC and cirBTC transfers into the network while preparing Gateway and Bridge Kit for additional multi-asset workflows.　　SummaryCircle expanded CCTP beyond USDC, enabling native transfers for EURC and cirBTC across Arc routes.EURC currently moves through CCTP across Arc, Avalanche, Base, Ethereum, and World Chain routes today.cirBTC CCTP support currently connects Arc and Ethereum, while Gateway integration remains planned for later.Gateway currently unifies USDC balances on Arc and Ethereum, with additional asset support coming later.Arc launched September 16 with USDC gas, institutional validators, and interoperability across twenty-plus blockchain networks.　　Arcs Sept. 23 update said Interop on Arc is now live with CCTP, Gateway and Forwarding Service integrated into the Layer 1, giving developers separate tools for native Circle-issued assets, third-party tokens, new multichain assets and unified balances.　　The latest deployment does not mean every Circle product already supports all three assets in the same way. CCTP is live for USDC, EURC and cirBTC on specific routes, while Gateway remains limited to USDC at launch. Circle says EURC and cirBTC support for Gateway is planned over time.　　CCTP is expanding beyond USDC.　　Developers can now move more supported assets across chains, including USDC, EURC,

09-24Industry

Galaxy adds $100M Sky token and institutional adoption is tested

Galaxy Digital has added $100 million of sUSDS, Sky Protocols yield-bearing savings token, to its corporate treasury and approved it as collateral for institutional clients, the companies said Sept. 23.　　Galaxy and Sky described the treasury position as complete, but their announcement gave no figure for client lending secured by sUSDS or the first completed loan. The decision makes the token eligible across Galaxys institutional trading business, with actual client uptake still undisclosed.　　Galaxy reported holding $100 million in sUSDS and separately made the token eligible as collateral for institutional client loans.　　The attraction is a token that continues to accrue a savings return when pledged. Under the announced arrangement, clients who post sUSDS against a loan keep accruing the Sky Savings Rate on the full position while the loan runs.　　Related Company Galaxy Digital Digital asset management firm　　Sky says governance sets that rate and funds it from aggregate protocol surplus, and that holders keep the same number of sUSDS tokens as the amount of USDS redeemable for each token increases as it accrues. The savings rate can change, so future accrual is not fixed.　　For a borrower, that design could offer access to credit while retaining a savings position. The financial result would depend

09-24Industry

FedNow readies cross-border support for U.S. banks

FedNow has moved closer to supporting cross-border payments as Federal Reserve Financial Services prepares early institutions to test enhanced messages for the U.S. leg of international transactions.　　Federal Reserve Financial Services announced the next phase on Sept. 23, saying participating financial institutions will be able to combine FedNow domestic settlement with established correspondent-banking arrangements that move the international portion of a payment.　　The planned capability does not turn FedNow into an end-to-end global settlement network. FedNow would settle the U.S. portion between participating domestic institutions, while banks or other approved intermediaries would continue handling the overseas leg through the cross-border arrangements selected by each participant.　　FedNow going cross-border is not what it sounds like.　　The Feds own proposal: a correspondent bank handles the international leg, FedNow settles the US domestic leg in seconds. The foreign mile still runs on whichever rail the correspondent picks.　　So the slow, expensive part of… https://t.co/JPFYngLJUv　　— Wave of Innovation (@wave_of_innov) September 23, 2026　　FedNow cross-border payments will keep a domestic settlement leg　　The Federal Reserve has been preparing the legal structure for this model since April, when the Board proposed amendments to Regulation J allowing FedNow participants to use intermediaries other than Federal Reserve Banks in a funds transfer. Current rules have

09-24Industry

Cardano proposal slashes fees by 55%, but it comes with a cost for small pools

A new Cardano governance action proposes cutting the minimum from 170 ADA to 75 ADA, this time without the Plutus memory-limit change that brought stake pool operators into the previous ballot.　　Related Asset Cardano #14 ADA · $0.24 24-hour change: down 6.07% Loading price history… 24H Down 6.07% 7D Up 22.13% 30D Up 5.25%　　The proposal drops one voting requirement that stopped the earlier action. Approval is pending, and each pool would still set its own declared fee.　　Delegators in a small pool can lose a large share of a thin epoch reward to its fixed charge before their share is calculated. Meanwhile, operators rely on that charge for income, and those with little delegated stake already face uneven block production.　　A lower floor would give them more room to compete on price, while leaving each operator to decide whether to use it.　　A different ballot leaves the reward question open　　The earlier action paired the same pool-cost reduction with higher Plutus memory limits. It expired on Sept. 1 after DRep yes votes reached 68.6%, above the 67% threshold, and five of seven Constitutional Committee members voted yes.　　Stake pool operator support reached only 34.5% of counted stake, short of the required 51%. The memory-limit component made

09-24Industry

Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets

Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs.　　Related Asset Bitcoin #1 BTC · $84,481.29 24-hour change: down 1.98% Loading price history… 24H Down 1.98% 7D Up 11.13% 30D Up 7.12%　　The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week.　　Selling intensified after S&P Global released its September flash purchasing managers indexes. Within an hour, $135.8 million of crypto positions were liquidated, according to CoinGlass, with longs accounting for $125.9 million. Bitcoin accounted for $47.4 million of the wipeout, and Ether another $23.9 million.　　Over the past 24 hours, losses total $510 million across 122,256 traders, with long traders losing $363.83 million.　　The reaction reflected how quickly the rate backdrop turned against a market positioned for further upside. The latest economic data showed US growth accelerating as businesses reported renewed cost pressures, strengthening the case for interest rates to remain elevated.　　Hot US growth sends Treasury yields above 5%　　S&P Globals composite PMI climbed to 58.4 in September, its highest level in more than five years, while the services index rose to 58.7 and manufacturing reached 57. All three readings

09-24Industry

Hut 8 Wins $140M Bid for Poolins Texas Data Centers

Hut 8 has emerged as the winning bidder for two Texas data center sites formerly operated by bankrupt crypto miner Poolin. The company offered $140 million in cash and other consideration for the Pyote and Tarbush facilities.　　However, the transaction still requires approval from the U.S. Bankruptcy Court for the District of New Jersey. The court has scheduled a sale hearing for Sept. 29.　　Hut 8 Expands Texas Infrastructure　　The offer significantly exceeds the initial $52 million stalking-horse bids for both properties. Thor CALAP had offered $15 million for Pyote and $37 million for Tarbush.　　Additionally, DigiPower X submitted a $36.5 million backup bid for Pyote. Pecos Industrial Development also proposed $100.5 million for Tarbush.　　Consequently, Hut 8 now stands to add more infrastructure to its expanding data center portfolio. The company has increasingly shifted its focus toward artificial intelligence infrastructure.　　Poolins Bankruptcy Adds Context　　Poolin and two U.S. affiliates sought Chapter 11 protection in July after ending operations at the Texas sites. Court filings showed roughly $173.1 million in obligations.　　Around $163.7 million involved unsecured claims from Poolin Wallet users. The company froze withdrawals in 2022, creating substantial liabilities.　　Moreover, Hut 8 reported an 8.7-gigawatt development pipeline during its second-quarter results. It also secured 949 megawatts of contracted

09-24Industry

Can Hyperliquid price break $100 as whale buys $36M in HYPE？

Hyperliquid [HYPE] has gained 2.85% in the past 24 hours at press time, with its weekly gains hitting 27%. Notably, the altcoin made a new peak after its price surpassed $97 on the 23rd of September.　　Hyperliquid‘s rally is driven by its continuous buyback and burn program alongside capital inflows from market participants. However, the potential distribution from market makers could cap HYPE’s uptrend.　　HYPE token burns peak as whales position　　To start with, Hyperliquids burn program has tightened supply. To date, over 48.86 million HYPE, worth more than $4.76 billion, have been permanently removed from circulation.　　Additionally, whales were positioning. For instance, a mysterious whale bought another 373,730 HYPE valued at $36 million. This brought the whales total holdings to about 4.7 million tokens worth $400 million in just a month.　　Source: Arkham　　Similarly, Hyperliquid Strategies is not slowing down, having accumulated 33.60 million HYPE worth $3.20 billion. This is equivalent to 15% of the circulating supply and 3% of the total supply.　　Even from a general market outlook, HYPE was still being bought. In fact, on Hyperliquid, its Open Interest (OI) reached an all-time high of $18 billion as the price peaked.　　Hyperliquid price action – Correction or continuation？　　Hence, HYPE was making new highs as its

09-24Industry

Senate Democrats demand public prediction-market hearing after GOP-Kalshi meeting

Every Democrat on the Senate Banking Committee called on Republican Chair Tim Scott on Wednesday to hold a public hearing on prediction markets, the same day committee Republicans met privately with Kalshi CEO Tarek Mansour, according to The Block.　　The dispute comes as prediction markets move well beyond a niche corner of trading. Combined monthly volume on Kalshi and Polymarket more than doubled from about $26 billion in May to $53 billion in July 2026, according to Pew Research Center. Bernstein, meanwhile, is modeling annual activity in the trillions, raising the stakes around who writes the rules and which regulator gets the final say.　　A letter, a roundtable, and a fight over who gets in the room　　All 11 Democratic senators on the panel signed the letter to Scott, led by Ranking Member Elizabeth Warren and Catherine Cortez Masto. The other signers were Jack Reed, Mark Warner, Chris Van Hollen, Tina Smith, Raphael Warnock, Andy Kim, Ruben Gallego, Lisa Blunt Rochester and Angela Alsobrooks, according to the committee release.　　The senators said security-based prediction markets should be examined publicly and on a bipartisan basis. They also raised concerns about consumer protection, insider trading and manipulation.　　Discover more　　Take Economics Courses　　Fintech investment reports　　Bitcoin investment guide　　“It is critical

09-24Industry

Witt Defends Trump Crypto Ethics Terms After Clarity Act

White House crypto adviser Patrick Witt defended President Donald Trumps handling of ethics rules tied to the Clarity Act after the legislation failed to advance in the Senate.　　Witt said Trump accepted significant restrictions on his crypto interests during negotiations, including provisions that could require him to divest certain holdings or place them in a blind trust. The Senate voted 49-50 on Sept. 15 against advancing the bill.　　Ethics Fight Complicates Clarity Act　　Witt said Trump‘s crypto holdings became a central issue in negotiations, adding that Democrats focused heavily on the president’s financial interests while lawmakers worked on the legislation.　　Related: SECs Uyeda Says Dropping Crypto Cases Helps Protect Agency Credibility　　The ethics dispute was one of several issues surrounding the bill. Banking groups also raised concerns about stablecoin provisions, while Witt argued that major banks opposed the rules because stablecoins could compete with traditional deposits and payment services.　　Witt also said the administration was prepared to let states pursue certain federal ethics violations involving the president. He described the proposed concessions as an unusually broad set of restrictions.　　Regulators Continue Crypto Work　　With the Clarity Act stalled, the SEC and CFTC can continue developing crypto rules under their existing authority. Both agencies have pursued regulatory initiatives since

09-24Industry

SpaceXAI Deploys Grok Bot to Handle 175% Surge in Support Tickets

Felix Pinkston　　Sep 22, 2026 18:48　　SpaceXAI uses Grok Bot to scale customer support, avoiding 200 new hires and cutting costs to $0.30 per ticket. Heres how it works.　　SpaceXAI has integrated Grok Bot, xAIs AI-powered support agent, into its customer service operations, enabling the team to manage a 175% increase in support tickets without adding headcount. The move reportedly saved the company from hiring 200 additional staff while reducing ticket resolution costs to as low as $0.30 per interaction, compared to the $1-$4 industry average.　　The decision to deploy Grok Bot followed SpaceXAIs acquisition of Cursor on August 14, an expansion that significantly broadened its product portfolio. Anticipating a surge in user demand, the company rebuilt its support operations around Grok Bot, leveraging its ability to handle everything from ticket resolution to real-time queue management.　　How Grok Bot Delivers Efficiency　　Unlike traditional AI tools that charge per ticket resolved, Grok Bot operates on a usage-based model included in existing plans, making it cost-effective for high-volume operations. By integrating with tools like Plain for ticketing, Linear for issue tracking, and Datadog for backend monitoring, Grok Bot automates the ticket lifecycle. It categorizes issues, creates or updates records for recurring problems, and even reproduces errors with video

09-24Industry

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