Latest Crypto News & Market Updates

Ethiopia cuts power to Bitcoin miners as El Niño strains hydropower

Ethiopia has cut electricity supplied to Bitcoin miners to 23% of contracted levels after a 20% drop in reservoir inflows strained the countrys hydropower system.　　Bloomberg reported on Tuesday that El Niño had intensified dry conditions across the East African country, forcing state-owned Ethiopian Electric Power to reduce electricity supplied to mining operations while prioritizing households and manufacturers.　　EEP CEO Ashebir Balcha said the utility initially lowered electricity deliveries to miners to 75% of their contracted amounts before reducing them to 50% and eventually 23%.　　The company plans to reassess reservoir and electricity conditions in October. Further cuts remain possible if water levels do not improve, while Ethiopia could restrict electricity exports to neighboring countries if domestic supply comes under more pressure.　　Bitcoin miners lose access to most contracted power　　Bitcoin miners have become a large source of demand for Ethiopias electricity system after low-cost hydropower attracted operators looking for cheaper energy.　　Mining companies consumed almost one-third of the country‘s electricity output and generated 35% of EEP’s revenue during the previous fiscal year, according to Bloomberg. The latest restrictions therefore affect a customer group that has become financially important to the state power company.　　Ethiopias mining expansion has been built largely around its hydroelectric resources. As crypto.news

09-16Industry

Malicious Uniswap v4 hooks are baiting DeFi traders with fake swap quotes

Liquidity aggregator 0x said on Sept. 14 that it had seen an alarming increase in malicious Uniswap v4 hooks over recent weeks, designed to quote one price and settle at another.　　In the most extreme trades it observed, users received as much as 50% less at execution than the amount displayed in the quote.　　An aggregator searches many pools, estimates their output, and typically favors the route promising the most tokens. A malicious pool can win the order by looking unusually attractive during that comparison.　　Uniswap v4 hooks show when the best quote becomes the attack surface　　In its analysis of Uniswap v4 hooks, 0x said it examined 84,163 hooks across six chains using static analysis, dynamic analysis, and settled-trade observations. In the dataset, labeled as of Sept. 11, 0x classified 19.4% as safe, 54.2% as malicious, and 26.4% as likely malicious.　　The report separately said 0x had observed malicious routes deliver up to half less than quoted, a maximum shortfall rather than a typical outcome.　　One Base hook trading the ETH/NVDAc showed 6,516 fills, including 3,946 charged fills. Fees ranged from 0% to 18%, with an 18% median when charged, and the hook collected $143,037 in total fees as of Sept. 11.　　Related Asset Ethereum ETH

09-16Industry

Kakao sets 6 trillion won revenue target for KakaoAI by 2030

Kakao has set a 2030 revenue target of more than 6 trillion won ($4.3 billion) for its planned KakaoAI business as it prepares to bring AI agents directly into KakaoTalk and separate its investment operations into KakaoX.　　SummaryKakao has targeted more than 6 trillion won in KakaoAI revenue by 2030, including roughly 1 trillion won from AI services.The company plans to demonstrate several KakaoTalk AI agents in October that can execute and complete services within the messaging app.Kakao wants its AI services to reach 20 million daily active users while increasing time spent on KakaoTalk by 50%.KakaoX is targeting 10 trillion won in 2030 revenue, with virtual assets, fintech, content, mobility and physical AI among its planned business areas.　　Yonhap reported on Sept. 16 that Kakao Group Investment Strategy Office head Kim Do-young disclosed the target during an online meeting with minority shareholders, putting KakaoAIs planned revenue above the 2.7 trillion won recorded by the relevant businesses in 2025.　　Revenue generated specifically from AI services is expected to reach roughly 1 trillion won by 2030. Kakao plans to build the business around its KakaoTalk messaging platform, connecting AI with advertising, commerce, maps and other existing services.　　The company has set a target of more

09-16Industry

Ethiopia cuts Bitcoin miners power by 77% amid hydropower shortage: Report

Ethiopia has reportedly reduced electricity delivered to Bitcoin miners to 23% of contracted levels as lower water inflows strain the countrys hydroelectric reservoirs.　　On Tuesday, Bloomberg reported that El Niño intensified dry conditions in the east African country, reducing water inflows into its reservoirs by 20%. Ethiopian Electric Power (EEP) CEO Ashebir Balcha said the company cut power to miners to prioritize households and manufacturers.　　Balcha said EEP initially reduced deliveries to 75% of contracted levels, easing to 50% and then 23%. The company will reassess conditions in October and could impose further reductions or even restrict electricity exports to neighboring countries, according to the report.　　Bitcoin miners reportedly accounted for 35% of EEP‘s revenue last fiscal year and consume almost one-third of Ethiopia’s electricity output. The countrys inexpensive hydropower has attracted international miners, including Phoenix Group, which expanded its Ethiopian mining capacity to 132 megawatts in April 2025.　　Bitcoin mining power growth faces pressure from halvings and AI　　Separately, economist and The Bitcoin Standard author Saifedean Ammous said in a Tuesday X post that global Bitcoin mining electricity consumption and capital expenditure may have peaked in 2024 to 2025.　　Ammous said Bitcoin‘s price would need to rise more than 18.92% a year just to keep

09-16Industry

Bitcoin's Coinbase premium sinks to one-month low, heres why

Bitcoins Coinbase COIN$172.04·Market Closed premium has fallen to its lowest level in four weeks, suggesting weakening U.S. demand as investors confront a setback for crypto legislation and the prospect of tighter monetary policy.　　The premium measures the difference between bitcoin‘s dollar price on Coinbase and its USDT price on Binance. CryptoQuant’s Coinbase Premium Index tracks that gap as a percentage of price. Tuesdays reading of around -0.07% works out to roughly $50 on a $75,900 bitcoin - a thin margin but one that points to relatively weak buying demand on the U.S. exchange.　　The discount has deepened to around -0.07% on Tuesday from roughly -0.02% a day earlier, as the Clarity Act failed to pass on Tuesday. That marks a reversal from late August and early September, when the premium turned positive for the first time in months, as bitcoin climbed towards $80,000. Bitcoin has since retreated to around $75,000.　　Coinbase premium index (CryptoQuant)　　Monetary policy presents another headwind. The Federal Reserve announces its decision later Wednesday, with markets widely expecting a 25-basis-point increase that would lift the federal funds target range to 3.75% to 4%.　　Raising rates amid an energy supply shock risks compounds the pressure on growth. Higher borrowing costs can curb demand

09-16Exchange

Bitcoin Coinbase Premium hits monthly low as CLARITY Act vote squeezes US demand

Bitcoin (BTC) demand is under pressure in the US as investors react to the failure of the CLARITY Act to advance in the Senate.　　Key points:Bitcoins Coinbase Premium Index fell to -0.079 on Tuesday, its lowest level since Aug. 16.US sell-side pressure diverged from other major exchanges as the CLARITY Act failed to advance in the Senate.Short-term holders sent 34,000 BTC to exchanges in the last 24 hours, potentially for sale at a loss. This constitutes the largest inflow in a month.　　Analyst sees “bullish” signal as Coinbase selling diverges from Binance　　Senators failed to give CLARITY the necessary 60 votes on Tuesday, leaving only a handful of options for returning the key piece of crypto legislation to the debate stage before 2027. Bitcoin saw downside pressure on the back of the news, as US demand in particular suffered from the decision. Data from onchain analytics platform CryptoQuant shows the Coinbase Premium dropping to one-month lows of -0.079 on Tuesday.　　The Coinbase Premium, which measures the difference in price between Coinbase‘s and Binance’s BTC/USDT pairs, briefly turned positive at the start of the week, reaching 0.004, but fell deeper over the course of Monday. It currently sits at its lowest levels since Aug. 16,

09-16Industry

Italy investigates government email breach linked to Revolut data leak

Italian authorities are investigating a government email breach linked to the leak of Revolut customer data after hackers allegedly used the compromised account to obtain sensitive customer information.　　Polizia Postale, Italys cybercrime police, is investigating the incident for alleged unauthorized access to a computer system and computer fraud, Italian news agency ANSA reported on Tuesday.　　Some Italian media reports identified the compromised account as belonging to the Prefecture of Reggio Calabria. The agency later denied sending requests to Revolut, according to ANSA.　　Revolut declined to identify the government agency whose email was allegedly compromised and used to obtain customer data, citing an active police investigation and confidentiality obligations.　　“We reported this to the Italian authorities upon detection and will assist them as needed,” a Revolut spokesperson told Cointelegraph, adding that the companys systems, databases and customer funds remained secure.　　The compromised government email account was reportedly part of Italy‘s Posta Elettronica Certificata (PEC) system, a certified email service that gives messages the same legal value as registered mail. Italy’s CERT-AGID cybersecurity agency warned in June that PEC certifies delivery but does not guarantee the security of a messages content.　　The agency said it had handled more than 650 cases involving abused or illicit PEC accounts since

09-16Industry

The Standard Chartered Effect: Is bank research becoming cryptos new short-term catalyst？

Standard Chartered initiated coverage on Arbitrums ARB token on the morning of Sept. 15 with a $10 price target for 2030. That implies roughly 70 times upside from a token trading near $0.13 and down about 1% over the prior 24 hours.　　Related Asset Arbitrum #58 ARB · $0.16 24-hour change: up 17.67% Loading price history… 24H Up 17.67% 7D Down 7.23% 30D Up 112.74%　　In the same session, ARB gained up to 9%, Bitcoin fell around 4%, and Ethereum fell 5.74% once the Senate failed to advance the CLARITY Act on a 49-50 vote.　　A token moving against the broader market on the same day a bank initiates coverage is the kind of signal that turns an anecdote into something testable.　　Related Company Standard Chartered A consumer banking corporation　　The more interesting question is whether Standard Chartereds digital asset research desk has built enough credibility and distribution that publishing a note has become a tradable event in its own right.　　Standard Chartered stages a thesis built on tokenized finance　　Standard Chartereds target moves through intermediate steps, from $0.50 in 2026 to $1.50 in 2027, $3.50 in 2028, $6.50 in 2029 and $10 by the end of 2030.　　The underlying case rests on Arbitrum becoming infrastructure for tokenized

09-16Industry

UK banks keep crypto limits as FCA regime nears

UK banks have retained widespread restrictions on payments to cryptocurrency exchanges as the Financial Conduct Authority prepares to open its new crypto authorization gateway on Sept. 30.　　The Financial Conduct Authority has published new guidance to help crypto businesses identify whether their activities will require authorization when the full UK regulatory framework begins on Oct. 25, 2027. The application period is scheduled to run from Sept. 30, 2026, through Feb. 28, 2027.　　The rules bring activities including qualifying stablecoin issuance, crypto trading platforms, custody, dealing, arranging transactions and staking inside the UKs financial-services regulatory framework. Existing registration under anti-money-laundering rules will not automatically convert into authorization under the new system.　　Bank payment restrictions sit outside that authorization process. The new framework sets standards for crypto businesses but does not introduce a crypto-specific requirement compelling retail banks to accept payments destined for exchanges.　　9 of Top 10 UK Retail Banks Block or Limit Crypto Transactions　　UK retail banks will not be forced to lift blanket restrictions on payments routed to cryptocurrency exchanges even after the Financial Conduct Authoritys (FCA) comprehensive crypto regulatory regime takes effect in… pic.twitter.com/Zc2THLXHN6　　— Wu Blockchain (@WuBlockchain) September 16, 2026　　UK banks continue imposing crypto payment limits　　Restrictions differ considerably across British banks, ranging from

09-16Industry

Ripple News: What Does the CLARITY Act Setback Mean for XRP？

In Ripple news today, the US Senate voted 49-50 on September 15, 2026, against invoking cloture on the motion to proceed to the CLARITY Act, falling 11 votes short of the 60 needed to advance the crypto market-structure bill.　　Ripple Chief Legal Officer Stuart Alderoty responded on X the same day, telling XRP holders not to lose sight of the tokens existing legal position despite the setback.　　Dont forget – Ripple and XRP stand on settled ground. The 2023 federal Court ruling established XRP is not a security.　　And in March the SEC and CFTC issued a joint interpretation naming XRP a digital commodity. SEC Chairman Atkins and a CFTC Chairman Selig understand these… https://t.co/63ML5xmbAP　　— Stuart Alderoty (@s_alderoty) September 15, 2026　　This is not simply a bill stalling in procedure. In Ripples framing, it separates the fate of comprehensive federal crypto regulation from the narrower question of where XRP already stands under existing law.　　Alderoty argued that the vote‘s outcome does not reopen or alter XRP’s legal footing, pointing to a 2023 federal court ruling and more recent regulatory guidance as the basis for that position.　　(SOURCE: TradingView)　　CLARITY Act News: What Does the Failed Cloture Vote Actually Mean？　　The 49-50 result was a procedural vote on whether

09-16Industry

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