Crypto Industry News & Market Trends

Russia Shifts Stablecoin Freeze Risk Onto Investors

Russia shifts foreign stablecoin freeze risks to investors as new crypto rules expand reporting, testing, and oversight across the digital asset market.　　Russia estimates 20 million crypto users hold RUB 3.7 trillion, while new rules expand oversight of digital asset activity. Under the new Russian cryptocurrency legislation, the country will impose penalties on investors for freezing foreign stablecoins. Deputy Finance Minister Ivan Chebeskov said the country has about 20 million crypto users.　　According to TASS, Russian citizens hold roughly RUB 3.7 trillion ($44 billion) in cryptocurrency and related products. Meanwhile, daily cryptocurrency transactions total about RUB 50 billion ($595 million).　　Russia Expands Cryptocurrency Reporting Requirements　　Russian tax residents are required to declare transactions with cryptocurrencies that are not part of the regulated system, Chebeskov said. The requirement will also be applicable to transactions with addresses that are not controlled by Russian digital depositories.　　Moreover, foreign issuers may also make foreign stablecoins like USDT or USDC unstable, which can result in investors losing their assets. These losses would not necessarily fall on a Russian depository.　　Discover more　　Crypto trading course　　Enterprise blockchain solutions　　Blockchain consulting services　　Related reading:Hong Kong Expands Stablecoin Settlement for Funds　　According to the rules adopted, Russian depositories continue to record, store and transfer digital assets. They need to

09-24Industry

Senate Banking Democrats Call for Public Prediction Markets Hearing as Republicans Meet With Kalshi

All Democratic senators on the Banking Committee have written a joint letter to the Committee‘s Chair, Senator Tim Scott, requesting a public hearing on prediction markets. This comes amid the meeting that Republicans reportedly held with Kalshi’s CEO today as part of a roundtable session on prediction markets.　　Ad　　Ad　　Senate Banking Democrats Call For Public Prediction Markets Hearing　　In a letter addressed to Senator Tim Scott, the Democrats led by ranking member Senator Elizabeth Warren requested that the Senate Banking Committee hold a public hearing on prediction markets. They further cited reports that Senator Scott had planned a roundtable session on these markets with only Republican members of the Committee.　　“The reports claim that executives from Kalshi will be in attendance. It is important for the Senate Banking Committee to hold a public hearing about how these markets are impacting consumers and our financial system,” the letter read. The meeting, which Punchbowl first reported on last week, reportedly took place today between Republicans and Kalshi CEO Tarek Mansour, according to the Block.　　Discover more　　News　　Crypto wallet review　　Ethereum staking service　　Commenting on the need for the public hearing, Democrats highlighted how security-based prediction markets have become a growing segment of the financial sector to which both retail and

09-24Industry

Kalshi says it is not being investigated by the CFTC over trading activity

The activity had already drawn attention from Beni, a co-founder of research firm Stealth Neolab, who said Kalshi‘s ether perpetual recorded about $539 million in 24-hour volume against just $3.1 million in open interest. He later found that trades of exactly $5,500 made up 48% to 58% of notional volume on four days in September. Beni said the figures came from Kalshi’s public API.　　Diana said the patterns can be explained by Kalshis liquidity incentive program, which rewards participants for providing liquidity.　　Discover more　　Blockchain consulting services　　FINANCE　　Financial technology news　　“We send our data every day to them [the CFTC], and its not that weird for them to sort of review our data on the regular,” Diana said in an interview.　　The CFTC had not returned a request for comment sent Tuesday.　　The scrutiny comes as prediction markets have grown rapidly, drawing more attention to how platforms report trading volume and police activity between participants. Liquidity incentive programs typically reward market participants for providing orders, helping create markets where other customers can buy or sell.　　Kalshi said such incentives explain trading patterns that have attracted attention, including bursts of similarly sized trades.　　Asked about protections against wash trading and self-trading, Diana said Kalshi has “tons of tools” and a

09-24Industry

Coinbase Spots Extreme Bullish Demand in XRP Options

XRP options traders are paying an unusually steep premium for upside exposure.　　Coinbase Markets has spotted one of the strongest bullish skews seen in the market over the past year.　　According to Coinbase Markets, XRPs one-week 25-delta call-minus-put skew has climbed to 9.3 volatility points. The reading notably sits in the 95th percentile. This essentially means that demand for comparable calls has rarely been this strong relative to puts.　　Dogecoin (DOGE), Shiba Inu (SHIB), Near Protocol (NEAR) and Zcash (ZEC) Price Analysis For September 23: Volatility Breaks All Limits　　Bitcoin Having Best September Since 2012　　“XRP options are leaning toward upside convexity,” Coinbase Markets said.　　For much of late 2025 and the first half of 2026, XRPs one-week skew was negative, at times falling below -10 volatility points. That meant puts had higher implied volatility than equivalent calls.　　However, things changed very swiftly. The skew briefly surged above 15 volatility points in late August before cooling. It has now jumped back toward double-digit territory.　　XRP options skew, explained　　The metric sounds more complicated than it actually is.　　Coinbase is comparing the implied volatility of one-week XRP calls with that of comparable one-week puts at the 25-delta level. A 25-delta risk reversal helps to measure whether or not traders are paying

09-24Industry

Ohio Buckeye Billfold Accepts Crypto Payments

Ohio Treasurer Robert Sprague announced the launch of a state-backed digital wallet that lets Ohioans pay state agencies with cryptocurrency, framing the program as the first statewide authorization of digital asset payments. The Buckeye Billfold initiative was unveiled with Secretary of State Frank LaRose in a release from the Treasurers office. Any cryptocurrency sent through the wallet is converted to US dollars at the moment of the transaction, so the state receives fiat in its normal bank account and never holds the volatile asset on its books. The office positioned the launch as a cost-cutting move that also saves processing time.　　How Buckeye Billfold works　　Payment options under the initiative include credit cards, ACH transfers and cryptocurrency, while cash and check remain available. It is open to residents and businesses for payments owed to state agencies. The instant conversion to dollars is the design‘s core safeguard: Ohioans are assured their payment has settled, and the state avoids marking any digital currency to market. The Treasurer’s office said the program will reduce overall transaction costs and save time for both government and Ohioans, describing the wallet as fully legally authorized and carefully developed and tested.　　A second attempt after OhioCryptos 2019 failure　　Ohio tried accepting

09-24Industry

Bitcoin Derivatives Are Heating up, but Traders Want Insurance

Bitcoin derivatives are flashing a split personality as bitcoin‘s price trades around $84,000 on Sept. 23. Futures open interest is climbing back toward $60 billion, while options open interest has jumped above $50 billion. Calls command 60% of options positions, yet puts account for 58.2% of 24-hour options volume. Meanwhile, billions in contracts are staring at max-pain levels ranging from $60,000 to $86,000. Traders are bullishly positioned, but they’re buying plenty of insurance.　　Key TakeawaysBitcoin options open interest tops $50B as calls command 60% of positions and bitcoins price dipped below $84K today.Deribit volume flips defensive, with puts taking 58.2% of 24-hour options activity.Deribit and OKX show Sept. 25 max pain near $76,000 versus bitcoin at $84,416.　　Crypto Derivatives Reload as Bitcoin Price Puts Traders on Edge　　Bitcoin derivatives have become a rather expensive tug-of-war, with futures and options exposure rebuilding rapidly as bitcoin‘s price stands around $84,000 per unit at 2 p.m. EST on Sept. 23, 2026. The strange part is what’s happening beneath that number. Before a large expiry coming Friday, calls dominate existing options positions, puts dominate fresh trading volume, and futures open interest is picking up steam. Basically, major expiration dates are scattered across max-pain levels that stretch from

09-24Industry

NFLX Price Prediction: $57 Bear Case vs. $105 Bull — The Engagement Trap Is Real and This Bounce Won't Save You

Zach Anderson　　Sep 22, 2026 12:39　　Netflix is trading at $74.08, technically broken below every meaningful moving average, as Wells Fargos bombshell $57 Underweight call collides with a still-bullish Wall Street majority holding $8…　　Wells Fargo Just Nuked the Content Thesis — And the 3% Bounce Is a Trap　　NFLX printed a 3.08% bounce off an intraday low of $71.62, clawing back to $74.08. Dont let the green candle fool you. Netflix is down over 20% year-to-date, on pace for its worst annual performance since 2022, and the bounce looks far more like exhausted short-sellers taking profit than any genuine institutional re-accumulation.　　The macro story here is unambiguous. Wells Fargo analyst Steven Cahall dropped a career-defining Underweight call on September 18, slashing his target from $80 to $57 — a level that implies another 23% of pain from current prices. His thesis is surgical and hard to dismiss: members watched an average of 1.6 hours per day in the first half of 2026, down an estimated 8% from 2023 on an adjusted basis, while U.S. TV share slipped below 8% and hours from the platform‘s top 100 original titles fell materially. The phrase that should terrify Netflix bulls is Cahall’s own: “NFLX has lacked big

09-24Industry

Top Cardano Price Predictions as ADA Explodes 30% in a Week

“ADA could do something really crazy,” X user Sssebi assumed.　　Cardanos native token has been thriving amid the latest green environment, with its valuation climbing to a peak not seen since May.　　Naturally, the major ascent has drawn multiple bullish predictions from analysts, but certain elements suggest a correction could also be in the cards.　　The Next Upward Move？　　As of press time, ADA is worth around $0.25, up about 30% in a week. X user CW claimed that the asset is showing an accumulation signal while gradually rising.　　“Accumulation is taking place at the current level. It is gathering energy for its next upward move. MACD and EMA trends are forming a bullish momentum,” they added.　　For his part, Jesse Olson argued that Cardano‘s cryptocurrency has flipped “ultra bullish” on the daily chart, with the price breaking above a vital zone and continuing to make higher highs and higher lows. Shortly after, the analyst estimated that ADA has a pending buy signal on the weekly chart, noting that it hasn’t been bullish on the seven-day timeframe in 14 months.　　More Crypto Online also weighed in, saying the token continues to follow a specific bullish price channel and setting $0.315 as the next target to watch.　　Somewhat expected,

09-24Industry

BitMEX ends crypto trading, keeps withdrawals open after closure

BitMEX ended all exchange operations at 4:00 UTC on Wednesday, two months after the crypto derivatives exchange announced plans to shut down after more than 11 years of operations.　　The platform no longer allows trading or deposits, but users can still log in and withdraw remaining balances through its website, BitMEX announced in an X post on Wednesday.　　As part of its gradual phaseout, BitMEX will disable application programming interface (API) withdrawals on Sept. 28, requiring users to process withdrawals through the web platform.　　BitMEX said users funds remain secure and urged customers to withdraw their remaining balances. The company reiterated that its owner and operator, HDR Global Trading Limited, decided to close the exchange after a strategic review of the business and broader crypto industry, adding that the closure was not linked to legal or regulatory issues.　　BitMEX originally announced the closure on July 23, when it said it would cease exchange services on Sept. 23 after more than 11 years of operations. The platform, launched in 2014, became a major venue for crypto derivatives and helped popularize perpetual swaps with leverage of up to 100 times.　　The closure comes days after the Celsius bankruptcy estate sued five BitMEX-linked companies, alleging fraud, market manipulation

09-24Industry

Trump reveals up to $100K Strategy stock purchase in ethics filing

President Donald Trump disclosed purchasing $50,001 to $100,000 worth of Strategy shares in July, according to a US Office of Government Ethics filing released Tuesday.　　The filing shows Trump bought $50,001 to $100,000 worth of Strategy shares on July 27, following a smaller $1,001 to $15,000 purchase three days earlier. Strategy is the worlds largest publicly traded corporate Bitcoin holder, with 846,000 BTC, according to BitcoinTreasuries.net data.　　Trump also disclosed transactions involving several other crypto-linked companies, including a Coinbase stock purchase and sales of Bitcoin miners MARA Holdings and CleanSpark in July. The July 27 Strategy purchase was the largest of the crypto-linked transactions identified in the filing.　　Top 10 Bitcoin treasury companies. Source: BitcoinTreasuries.NET　　The transaction matched Trumps largest previously disclosed Strategy purchase, a $50,001 to $100,000 buy on Feb. 12, according to BitcoinTreasuries.NET. His accounts have also reported several smaller purchases and sales of Strategy shares this year.　　The filings do not show how many Strategy shares remain in Trumps portfolio, as transactions are reported in value ranges rather than as a running share balance.　　Strategy purchase a small part of broader portfolio activity　　The Strategy purchase represented a small portion of Trumps broader portfolio activity in July. The filing shows sales of $5 million

09-24Industry

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