Latest Crypto News & Market Updates

Charles Hoskinson Says AI Has Destroyed The Old Crypto Growth Metric

Cardano founder Charles Hoskinson says artificial intelligence (AI) has destroyed the value of developer counts. Blockchains have leaned on the figure for years to prove they are growing.　　He spoke on Sunday in defense of Midnight, a privacy-focused blockchain built on Cardano. Its foundation recently cut part of the team that recruits outside coders and shifted focus toward what Hoskinson calls builders.　　Why Developer Counts Stopped Working　　For a decade, blockchains ranked themselves by how many engineers wrote code for them. A human coder was scarce, so the tally meant something.　　AI coding assistants removed that scarcity. Anyone can now ship working software without understanding it, Hoskinson argues.　　“You can have people who have no technical knowledge and no experience use these tools to look like a developer. So its no longer a scarce and finite resource,” he said in a broadcast on Sunday.　　Follow us on X to get the latest news as it happens　　The practical problem is verification. Code bounties and hackathons now invite entrants to pass off AI output as their own work.　　Teams then burn time interrogating authorship rather than attracting projects. Hoskinson wants ventures with paying users and outside investors instead.　　BeInCrypto reported in June that he was rebuilding Midnight City development strategy

09-14Industry

DOJ Strike Force Seizes Scam Marketplace, Restrains $52M in Crypto

Treasury designated Xinbi a transnational criminal organization as prosecutors moved against its crypto holdings.　　The Justice Departments Scam Center Strike Force, working with the Treasury Department, seized a Chinese-language scam marketplace called Xinbi Guarantee and restrained about $52 million in cryptocurrency in a single day, U.S. Attorney Jeanine Pirro announced this week. That operation brought the total the Strike Force has restrained since its founding to roughly $938 million.　　A separate Strike Force team also spent the same stretch helping authorities in Madagascar take down 13 Chinese-run scam compounds, pushing the crackdown launched last November well beyond its original footprint in Southeast Asia.　　Inside the Xinbi Takedown　　Xinbi ran almost entirely on Telegram, in Chinese, functioning as a kind of marketplace where vendors advertised services to scam center operators: building custom fraud investment websites, “washing” money stolen through wire fraud, and recruiting trafficking victims to staff scam compounds.　　Xinbi itself held payments in escrow until a vendor finished the job, which is how prosecutors say they were able to trace specific victim funds to vendors who posted wallet addresses on the channel. A federal court in Washington authorized the seizure of those Telegram channels on September 7, and prosecutors unsealed the warrant Wednesday.　　Investigators seized two

09-14Industry

Trump dismisses AI risk warnings as 'very negative forces' in China race

On Sunday, U.S. President Donald Trump played down the rising alarm bells about artificial intelligence and said that the exaggerated concerns could hamper Americas race against China as worldwide AI investments are expected to cross the $1 trillion mark this year.　　While speaking at his golf club in Doonbeg, Ireland, Trump took the side of the “go faster” argument in the ongoing debate that is currently taking place in Washington and the AI sector. The key issue for the market, however, is whether speed strengthens Americas position in the race or leads to the emergence of new safety, financial, and fragmentation risks in the global AI industry.　　‘Whoever wins AI wins’　　Trump was asked if he believes AI needs less aggressive development or stricter regulation. He agreed with the possibility of regulations but expressed that he believes the people warning about the repercussions of AI coming is unwarranted.　　“Whoever wins AI wins.” — Donald Trump　　His statements correlate with the AI Action Plan launched by the White House in July 2025, where more than 90 federal actions were proposed to facilitate further innovation, growth of infrastructure, and the strengthening of the position of the U.S in the AI race.　　Discover more　　Merchant Services & Payment Systems　　News　　Brokerages &

09-14Industry

American Drought Stands At 23 Years As Alexander Zverev Tops Ben Shelton In U.S. Open Final

NEW YORK, NEW YORK – SEPTEMBER 13: Alexander Zverev of Germany and Ben Shelton of the United States shake hands following their Mens Singles Final match on Day Fifteen of the 2026 US Open at USTA Billie Jean King National Tennis Center on September 13, 2026 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Patrick Smith/Getty Images)　　Getty Images　　NEW YORK– With his rocket serve and fearless attitude, Ben Shelton figured he could be the first American man in 23 years to hoist a major trophy.　　Yes, No. 1 seed Alexander Zverev was 5-0 in against No. 8 Shelton coming in.　　Yes, the German was playing in his third straight Grand Slam final.　　And yes, he was full of confidence having won his first major title at Roland Garros in June.　　But, still, with a serve approaching 150 mph, Shelton had a punchers chance to become the first American man since Andy Roddick at the 2003 U.S. Open to win a major title.　　But the 23-year-old Shelton flashed his nerves early on by double-faulting in his first service game of the match and again to drop the first set. He had trouble putting pressure on the serve of Zverev, who sometimes

09-14Industry

Is Bitcoins 4-Year Cycle Broken？ Analysts Question the Old Halving Pattern

TLDR:Past Bitcoin cycle bottoms landed between 770 and 900 days after halvings in 2012, 2016, 2020.Bitcoin posted a new all-time high before this cycles halving, breaking the historical timing pattern.Spot ETF inflows now tie Bitcoins price more to macro liquidity than to halving supply shocks.A viral X post argues the four-year cycle is compressing, not disappearing, altering timelines.　　Is the Bitcoin 4-year cycle broken？That question is gaining traction as this cycle unfolds differently from the last three. Previous cycle bottoms in 2012, 2016, and 2020 formed between day 770 and 900 after halvings, per CryptoQuant data.　　This time, Bitcoin posted a fresh all-time high before the halving even occurred. That early move has left traders divided on whether the historical rhythm still holds or has finally given way.　　Capital Structure Raises Doubts About the Old Pattern　　Spot ETF approvals opened the door for large institutional inflows ahead of the halving. Institutional allocators typically base decisions on monetary policy, interest rates, and broader liquidity.　　They do not track days elapsed since a halving event. This approach differs sharply from the retail-driven cycles seen in 2012, 2016, and 2020.　　Discover more　　Choose POS Systems　　NEWS　　Compare Exchange Rates　　Source: Cryptoquant　　The halvings supply shock also carries less weight than it once did. Newly

09-14Industry

Wealth Managers Show Crypto Interest Despite a 67% Allocation Gap

TLDR:Wealth managers show a wide gap between current crypto allocation and future intent, with 67% unallocated and 60% planning exposure.The same 60% share expects crypto prices to finish 2026 higher, giving the informal poll a constructive market view despite limited exposure.XRP generated the most questions during the Bitwise presentation, while Bitcoin, Ethereum, Solana, Hyperliquid, stablecoins, and tokenization drew attention.Bitwise and VettaFi survey data shows 32% of advisors allocated to crypto in 2025, while 42% could buy it for client accounts.　　An informal Bitwise poll shows 67% of roughly 400 wealth managers have no crypto allocation in client portfolios. The same audience signals possible future demand. Sixty percent plan to add exposure within 12 months, while another 60% expect crypto prices to finish 2026 higher. No allocation size was disclosed publicly. The responses capture interest and intent, but they do not represent a randomized survey of the wider industry.　　Participants attended a Bitwise presentation, which may attract professionals already tracking digital assets closely. The poll therefore shows the distance between discussion and implementation within firms today. It also captures how wealth managers now view Bitcoin, altcoins, stablecoins, tokenization, and related investment products globally.　　Wealth Managers Show Stronger Crypto Interest Than Allocations　　Bitwise Head of Research

09-14Industry

CLARITY Act Eyes Emergency Meeting Today With Senate Democrats Ahead Sept. 15 Vote

Senate Democrats will meet Sunday amid rising pressure on CLARITY Act. According to people with knowledge of the discussions, Senate Minority Leader Chuck Schumer is calling the caucus meeting.　　Ad　　Ad　　Democrats Face Pressure Before CLARITY Act Vote　　The meeting will take place just two days before the Senate is set to hold its procedural vote, per a POLITICO report. The critical crypto market structure law will be taken up for discussion by lawmakers on Tuesday as a cloture vote will take place on September 15.　　The Senate is still to vote on the CLARITY Act decision. For months, a Democratic caucus has been working on amendments to the bill. There are still a number of big issues that are unresolved.　　The Republicans hope for Democrats to be on board with the bill moving forward. However they say that discussion can resume when it gets to the Senate floor.　　The most important point of disagreement is in the area of ethics rules in the new crypto market structure bill draft. Democrats seek more stringent regulations on senior government officials who have dealings with digital assets.　　Discover more　　Compare Credit Cards　　Track Market Trends　　Choose POS Systems　　The language suggests that the U.S. President and Vice President, along with other key officials, would

09-14Industry

‘Spider-Man: Brand New Day’ About To Break All-Time Domestic Box Office Record

Topline　　“Spider-Man: Brand New Day” is on the cusp of breaking the record for highest-grossing film at the domestic box office of all time after grossing another $8.4 million over the weekend, setting it up to surpass the record set by “Star Wars: The Force Awakens” in the next few days.　　The cast of “Spider-Man: Brand New Day” attend the premiere in Los Angeles.　　Getty Images　　Key Facts　　After seven weeks in theaters, “Spider-Man: Brand New Day” finally fell to second place at the domestic box office over the weekend, according to early numbers reported by the Hollywood trade publications, dropping behind the new Sandra Bullock-Nicole Kidman sequel “Practical Magic 2,” which debuted with $30 million.　　Discover more　　Merchant Services & Payment Systems　　Financial Markets News　　Distributed & Cloud Computing　　The Sony-distributed superhero flick now boasts a total domestic haul in the U.S. and Canada of $935.2 million so far.　　Its only about $1.4 million short of the all-time record for highest grossing film at the North American box office—set by “Star Wars: The Force Awakens” in 2016 with a total lifetime gross of $936.6 million.　　Big Number　　$2.4 billion. That‘s how much “Spider-Man: Brand New Day” has grossed worldwide so far. It’s still behind two major films for highest grossing film in

09-14Industry

Strategy's Bitcoin Guide Makes the Case for a Global Reserve Asset

Key TakeawaysStrategy argues bitcoin could anchor a broader digital capital market.Direct BTC, funds, and corporate securities carry different risks.Scarcity supports the thesis, while demand and adoption shape value.　　Strategy Positions Bitcoin as Global Reserve Capital　　Michael Saylor, executive chairman of Strategy Inc. (Nasdaq: MSTR), promoted the company‘s bitcoin investor guide on X on Sept. 12, emphasizing BTC’s potential role as a global reserve asset. The thesis positions bitcoin as an asset that could attract wealth now held in traditional markets.　　The companys 21-page bitcoin investment framework, revised Sept. 7, examines how a supply capped at 21 million coins, independent verification, and global transferability could support long-term demand. Strategy describes a potential market in which equity, credit, debt, derivatives, and money develop around BTC.　　Saylor stated:　　Discover more　　NEWS　　Access Premium News　　Compare Credit Cards　　“Bitcoin is an open, global reserve asset with absolute scarcity. The Investor Guide explores bitcoins monetary properties, investment case, market structure, portfolio role, custody and risks.”　　That argument extends Saylor‘s earlier expectation that bitcoin could become more widely held by companies, banks, funds, and sovereigns. His global digital capital outlook anticipated deeper financial integration by 2036. Strategy’s latest framework similarly envisages bitcoin competing for wealth-preservation demand while dollars, banks, and traditional capital markets retain their roles.　　Bitcoin

09-14Industry

Symbiosis bridge exploit: 15 BTC recovered, LP terms pending

Cross-chain protocol Symbiosis said it recovered approximately 15 BTC after an attacker exploited its native Bitcoin Bridge, but affected liquidity providers still lack compensation terms as a Sep. 13 bounty window nears its unspecified cutoff.　　The vulnerability was exploited at about 04:28 UTC on Sep. 11, according to the protocols incident statement. Symbiosis said only the Bitcoin Bridge was affected and that its other routes and components remained operational. It specifically listed routes spanning EVM chains, TRON and TON as unaffected, and said its relayer group continued operating to secure the network. The protocol said the recovered bitcoin is secured in a team-controlled multisig.　　Related Reading　　Liquid recovers 3,400 BTC as hacker asks “is that ok？” after pocketing $47 million in Bitcoin　　The 15 BTC figure is simply the amount Symbiosis says it recovered to date. The protocol said final accounting remained in progress and that it would publish confirmed figures in another update.　　Security firm Blockaid reported that a transaction accepted as signed by Symbiosiss BridgeV2 system minted approximately 2^62 raw units of syBTC, a synthetic representation of bitcoin, to a newly created wallet on BNB Chain.　　Discover more　　Distributed & Cloud Computing　　FINANCE　　Currencies & Foreign Exchange　　Related Reading　　Polkadot Hyperbridge April Fools joke comes true as over 1

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