Latest Crypto News & Market Updates

Fidelity brings FIDD stablecoin to on-chain finance

Fidelity Digital Assets renewed its institutional push for the Fidelity Digital Dollar on Sept. 9, positioning the Ethereum-based stablecoin for payments, settlement and tokenized markets.　　Fidelitys public dashboard showed approximately 50.09 million FIDD outstanding, giving the token a market capitalization of about $50.09 million at its $1 redemption value.　　The statement expands on FIDDs intended uses rather than announcing a new token. Fidelity unveiled the stablecoin in January 2026 and began publishing reserve reports in February. Its latest communication presents FIDD as a bridge between conventional financial accounts and blockchain-based markets.　　The future of finance is on-chain. Fidelity Digital Dollar (FIDD) is a dollar-backed stablecoin designed with institutional-standards and built to meet institutions evolving needs in an increasingly digital financial landscape.　　Learn more: https://t.co/CVofVX84qv pic.twitter.com/NH8lcaZrd5　　— Fidelity Digital Assets (@DigitalAssets) September 9, 2026　　Fidelity Digital Dollar combines issuance and reserves　　Fidelity Digital Assets, National Association, issues FIDD and allows eligible customers to purchase or redeem each unit for $1. The national trust bank manages token issuance, custody and trading. Fidelity Management & Research Company manages the assets backing the circulating supply.　　According to Fidelitys published terms, the reserves may include Treasury securities with no more than three months remaining to maturity, overnight reverse repurchase agreements, government money market

09-10Industry

XRPL Fixes Permission Delegation After Critical Bug Found

XRPL also tightened delegation rules to prevent newer Vault and Lending features from being delegated by accident.　　XRPL has pulled its Permission Delegation amendment after a bug bounty report found a high-risk flaw during testing, with a hardened V1.1 now completing security review and QA checks.　　The episode shows why delegation at the protocol level needs safeguards that extend beyond the basic feature itself.　　XRPL Reworks Permission Delegation After Bug Report　　Permission Delegation, known as XLS-75, allows one account to give another account specific powers to act on its behalf. The permissions are meant to be narrow, rather than giving the delegate control over the entire account.　　RippleX head of engineering J. Ayo Akinyele explained that the original V1.0 implementation was pulled after a vulnerability was reported through the bug bounty program before it reached the XRPL mainnet. Instead of patching that version in place, the team introduced V1.1 to separate the original implementation from the hardened release.　　A researcher called Shotes found a high-severity issue involving irrevocable delegate permissions, where a delegate could delete their account and later recreate it while keeping whatever permissions it had been handed by another account, with no way for the original account to revoke them.　　The changes go beyond a

09-10Industry

Bitcoin sell pressure reaches one-month low as long-term holders slow down profit taking

Bitcoins on-chain sell-side risk has fallen to less than half its August peak, easing one measure of potential selling pressure even as a large block of older coins remains held at acquisition prices above the market.　　Related Asset Bitcoin #1 BTC · $78,338.29 24-hour change: down 0.38% 24H Down 0.38% 7D Up 0.91% 30D Up 22.26%　　Analytics firm Glassnode‘s Sept. 9 report, using on-chain observations through Sept. 7, puts its Sell-Side Risk Ratio at 7 basis points per day on a seven-day basis, down from 16 basis points at August’s peak.　　Long-term holders also accounted for 47% of realized profit, compared with 88% at the August peak. Older holders are contributing less of the markets realized profit, although that percentage does not measure their share of all Bitcoin sales.　　The Sell-Side Risk Ratio adds on-chain profits and losses and divides the total by realized capitalization. It measures value realization relative to that capital base, indicating potential selling pressure.　　Related Company Glassnode On-chain analytics platform　　A ratio below half its earlier level does not mean the volume of Bitcoin sold on exchanges has halved.　　Infographic shows Bitcoin‘s sell-side risk ratio falling from 16 to 7 as long-term holders’ share of realized profit dropped from 88% to 47%.　　Glassnode separately

09-10Industry

Crypto perps price Anthropic at $2.1 trillion, double its last private round

Crypto traders have valued Anthropic at about $2.12 trillion using leveraged derivatives that don‘t actually carry a stake in the company.That’s more than twice the $965 billion valuation the maker of Claude last raised money at in May.　　The wager comes weeks before Anthropic is anticipated to file the prospectus that will finally put a real number on the company.　　Binance assumes 1 billion shares to reach its $2,120 quote　　Binances ANTHROPIC/USDT contract hit $2,120 on September 9. Binance takes that price and converts it into a company value by assuming one billion shares outstanding, which is how the quote reads as a $2.12 trillion valuation.　　Similar contracts traded in the same range on Bitget, Kraken, BingX, Aster, and Coinbase International.　　Binance on June 2 listed the perpetual, settled in tether, with leverage of as much as 20 times. Its price is driven by exchange trading activity, not any public share count.　　The exchange said its one billion share number was solely for informational purposes and implied valuation was not attributable to or endorsed by Binance. By contrast, OKX picks up 10 billion shares, resulting in a much smaller per-unit quote but at about the same company value.　　A screenshot of the ANTHROPIC/USDT perpetual contract on Binance

09-10Industry

WikiBit Exchange Exit Risk List #22: MGBX — An Investigation into “Compliance Packaging” and “Users Losing Contact”

Introduction: An Exchange That Seems to “Not Exist”　　In the first 21 editions of this series, we investigated a range of crypto exchanges, from HashKey to WEEX. For Edition #22, we have something particularly “surreal”: MGBX.　　On paper, its résumé looks pretty impressive:　　“Founded in 2019,” “operating for seven years,” “more than 500,000 registered users,” “average monthly trading volume consistently above $20 billion over the past six months,” “Canada MSB + U.S. FinCEN MSB + Polish VASP registration,” “hot and cold wallet separation + multi-signature security,” and “Echo Points + AI-powered copy trading.”　　Sounds like an “up-and-coming compliant exchange,” right？　　But there is another side to the story.　　MGBX cannot be found on CoinGeckos exchange rankings. In November 2025, approximately 96,000 user login and withdrawal passwords were reportedly exposed, an incident described by security organizations as an “exchange extinction-level event.” Its team page lists the CEO as “Jane Doe” — one of the most famous anonymous placeholders in the English-speaking world, essentially the equivalent of “John Doe” or “Zhang San” in Chinese.　　Meanwhile, users have complained that after depositing $28,000, they were asked to pay a $5,000 “unlock fee” before they could withdraw their funds.　　An exchange whose CEO is literally listed as “Jane Doe” — would you

09-10Deep Dive

Silver Price Forecast: XAG/USD trades firmly near $67.60 ahead of US PPI, CPI data

Silver price (XAG/USD) trades higher at around $67.60 during the Asian trading session on Thursday. The white metal reflects strength as the US Dollar is under pressure ahead of the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.　　As of writing, the US Dollar Index (DXY), which gauges the Greenbacks value against six major currencies, trades marginally lower to near 98.75. The USD Index is close to its two-week low of 98.60 posted on Wednesday.　　A lower US Dollar makes the Silver price a favorable risk-reward bet for investors.　　Investors will closely track the US producer inflation data to get fresh cues regarding the Federal Reserves (Fed) monetary policy outlook.　　The US PPI report is expected to show that headline inflation at the factory level accelerated to 5.3% Year-on-Year (YoY) from 4.7% in July. The core PPI – which excludes volatile food and energy items – is also expected to arrive higher at 4.6% YoY against the previous reading of 4.2%.　　Signs of price pressures accelerating at the producer level would prompt expectations of Federal Reserve (Fed) interest rate hikes in the near term, a scenario that diminishes the appeal of non-yielding assets, such as Silver.　　This

09-10Industry

No Anthropic Stock Exists, but Crypto Traders Just Priced It at $2T

Key TakeawaysBinance is using a 1 billion-share estimate to work out the AI company Anthropics implied valuation. At press time, ANTHROPIC stands over $2 trillion.Anthropic warned back in May that unauthorized SPV stock transfers are void and could basically end up being worthless to investors trading or holding these assets.Binance could adjust ANTHROPIC/USDT if the share count in Anthropics S-1 comes in 3% or more above or below its current estimate.　　On Sept. 9, Defillama‘s pre-IPO dashboard showed Binance’s ANTHROPIC/USDT contract testing $2,120. Binance applies an assumed share count of 1 billion, turning that contract price into an implied company value of roughly $2.12 trillion. Similar contracts on Bitget, Kraken, BingX, Aster, and Coinbase International were trading in the same price range.　　Crypto Traders Push Anthropic Above Its Last Private Valuation　　That figure is more than double Anthropics last negotiated private-market valuation. The company raised $65 billion in a Series H round on May 28, valuing Anthropic at $965 billion after the financing round.　　Late August had already been a wild ride. ANTHROPIC/USDT traded around $1,600 to $1,840 on Binance-tracked markets, implying roughly $1.6 trillion to $1.84 trillion under the same 1 billion-share assumption. A Hyperliquid market deployed by Entropy briefly printed above $2

09-10Industry

‘SNL’ Sets ‘Obsession’ Star Inde Navarrette As Host Of Halloween Episode

Inde Navarrette at the “Jackass: Best and Last” Los Angeles premiere held at Paramount Theatre on June 24, 2026 in Los Angeles, California. (Photo by JC Olivera/Variety via Getty Images)　　Variety via Getty Images　　There‘s no word whether Freaky Nikki will show up, but Inde Navarette, the rising star who plays her in the horror movie blockbuster Obsession is set to host Saturday Night Live’s episode to cap off spooky season.　　Navarette is one of the four stars that will host the first four episodes of the SNLs 52nd season, NBC announced on Wednesday. The new season of SNL kicks off on Saturday, Sept. 26.　　Forbes‘Obsession’ Star Inde Navarrette Discusses Her Spellbinding Performance In Hit Horror ThrillerBy Tim Lammers　　The actress, of course, is the breakout star of writer-director Curry Barker‘s Obsession, which shocked both moviegoers and the movie industry after it opened on May 15. The film — about how music store employee Bear’s (Michael Johnston) wish to be loved by his co-worker, Nikki, goes horribly awry — made nearly $510 million at the worldwide box office against a $750,000 budget before marketing expenses.　　Discover more　　Access Premium News　　Financial　　Choose POS Systems　　Navarrette‘s career has been on fire since then, with talk almost immediately about a potential Best

09-10Industry

Crypto ETFs Surge as BlackRocks IBIT Pulls in $3.7B

Key Insights:BlackRocks IBIT attracts $3.7B this quarter as Crypto ETFs demand rebounds.U.S. Bitcoin ETFs add $3.8B in three weeks, cutting 2026 losses to $1B.Ethereum ETFs post 10,330 ETH inflows as BlackRocks ETHA leads demand.　　Crypto ETFs have regained momentum as BlackRocks iShares Bitcoin Trust drew about $3.7 billion this quarter. The inflows put IBIT on track for its strongest quarterly intake since the third quarter of 2025.　　September has already delivered $459.8 million, following roughly $3 billion during August. That August total marked IBITs strongest monthly inflow since October 2025.　　Crypto ETFs Records a Surge | Source: X　　The renewed demand lifted IBIT‘s assets under management to about $62.6 billion. That level sits near the fund’s highest point since mid-May. Since July began, IBITs assets have increased by roughly $19.6 billion, or 46%. However, the fund remains below its earlier peak near $100 billion.　　Crypto ETFs Recover After Heavy Summer Redemptions　　The IBIT recovery forms part of a wider rebound across U.S. spot Bitcoin ETF products. Bitcoin ETFs attracted $3.52 billion during August, their strongest monthly performance of 2026.　　Discover more　　Finance　　Track Stocks Bonds　　Compare Credit Cards　　The recovery continued into early September, extending a three-week inflow streak. Those three weeks brought approximately $3.8 billion into the category.　　The week ending

09-10Industry

Euro steadies above 1.1600 ahead of ECB rate decision, US PPI data

The EUR/USD pair holds steady around 1.1635 during the early Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) policy meeting and the release of the US August Producer Price Index (PPI) later in the day.　　The ECB is likely to raise interest rates on Thursday for the second time this year, driven by surging energy prices due to the ongoing US-Iran conflict. Traders have fully priced in a 25 basis points (bps) move to 2.5% as the latest data shows Eurozone inflation rose back above 3% in August.　　“A September hike looks all but locked in,” said Alessia Berardi, head of global macroeconomics at the Amundi Investment Institute. “Inflation remains elevated and should stay sticky over the next few months before easing toward the second half of next year,” Berardi added.　　Traders will closely monitor the US PPI inflation data on Thursday for more clues about the US interest rate path. The headline PPI is expected to show a rise of 5.3% YoY in August, versus 4.7% prior. Meanwhile, the core PPI is projected to show an increase of 4.6% in August, compared to 4.2% in July. Any signs of hotter inflation

09-10Industry

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