Latest Crypto News & Market Updates

Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral

Michael Saylor has roughly one week to orchestrate STRCs return to its $100 par value by his informal Sept. 8 target, but the financial machinery required to close the final gap is running hot.　　Despite deploying $635.2 million on aggressive buybacks, Strategys preferred security continues to hover around $97. The company has simultaneously restarted its Bitcoin accumulation after a two-month freeze, signaling confidence that its balance sheet can absorb both demands.　　Yet, the path to par has morphed into a highly capital-intensive grind just as a wave of competing Bitcoin-linked yield products hits the market.　　Related Person Michael Saylor Executive Chairman · Strategy　　The coming days will test more than Saylors 70-trading-day timeline, a target calculated from STRCs latest recovery starting May 28. It will reveal how much more capital the firm is willing to deploy before relying on organic institutional demand to anchor the security.　　The final $3 is costing Strategy more　　The economics of the buyback campaign have deteriorated steadily as STRC climbs toward par, upending the companys initial strategy.　　Related Company Strategy Business intelligence software　　When Strategy began repurchasing STRC in July, management outlined a clear tapering framework: deploy more capital at deeper discounts to capture attractive economics, then scale back as the security approached

09-02Industry

261,555 Hyperliquid (HYPE) Deposited to Coinbase Prime: Are Institutions Selling？

Since Multicoin Capital transferred a significant amount of $HYPE to Coinbase Prime while the asset is trading near its recent highs, Hyperliquid is facing a potentially significant supply event. Over the course of the last 12 hours, Multicoin Capital deposited a total of 261,555 $HYPE, or roughly $21.7 million, to Coinbase Prime, according to on-chain data provided.　　Hyperliquid breaks the ceiling　　The transfers took place in three batches: 63,235 $HYPE, 101,144 $HYPE, and 97,176 $HYPE. The transactions stand out in particular because of the timing. After an incredible surge from roughly $57 in the second half of August, $HYPE is currently trading at $82.93. The token entered consolidation after recently reaching the $86–$87 range.　　$HYPE/USDT Chart by TradingView　　The likelihood that coins are being prepared for sale usually increases with large transfers to an exchange-related address. A Coinbase Prime deposit should not be taken as an executed market sale, though. Additionally, prime infrastructure can support OTC, settlement, and institutional custody.　　Sell-side liquidity surges　　Therefore, rather than being evidence that Multicoin has dumped $21.7 million worth of $HYPE, the transfers indicate increased potential sell-side liquidity. Institutional pressure on $HYPE is close to its peak. The movement is worthwhile to watch because of its technical structure. As buyers

09-02Exchange

Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil

Bitcoin fell below $77,000 as softer US labor data failed to dislodge expectations for another Federal Reserve rate increase.　　Related Asset Bitcoin #1 BTC · $76,687.58 24-hour change: down 1.19% 24H Down 1.19% 7D Down 2.16% 30D Up 22.12%　　Data from CryptoSlate shows the largest cryptocurrency traded around $76,985 as of press time after July job openings held at 7.3 million and hiring remained subdued.　　The release landed into a market already confronting $90 oil, rising Treasury yields and a Fed that has shifted sharply from discussing rate cuts to considering another hike.　　Data from CME FedWatch showed the probability of a September rate increase at 66%, up from about 60% following Fed Chair Kevin Warshs Aug. 28 Jackson Hole speech.　　Related Person Kevin Warsh Chairman · U.S. Federal Reserve　　JOLTS did not make markets more hawkish. Instead, the report failed to overturn an inflation-driven repricing already reinforced by higher energy prices and Treasury yields.　　The Bureau of Labor Statistics reported 5.1 million hires and 3.1 million quits in July, with both measures little changed from the previous month. June openings were revised down by 177,000 to 7.2 million, while earlier estimates for hires and quits were also lowered.　　The softer turnover arrived less than three weeks before

09-02Industry

Thai businessmen sue Tether for freezing $42M in $61M pig butchering case

Two Thai businessmen sued stablecoin issuer Tether in a New York district court, claiming it illegally froze $42.4 million in Tether USDt (USDT) in October, as part of a broader case tied to a pig butchering scheme.　　In a Monday court filing, the plaintiffs claimed that Tether illegally froze the $42 million without a warrant in October 2025, following an informal request from US Homeland Security Investigations.　　Authorities in the Eastern District of North Carolina only issued a seizure warrant for the funds later in February 2026, as part of a $61 million pig butchering case. The warrant directed the burn and reissuance of the tokens to a government wallet.　　While the plaintiffs didnt dispute their involvement in the investment scam, the lawsuit tests the freezing authority of stablecoin issuers. It also requests that authorities unfreeze the funds and pay potential punitive damages.　　“The complaint is NOT denying that the government claims these coins are scam proceeds. It is saying Tether locked secondary-market holders first, kept earning Treasury yield on the reserves, and only later received a warrant that still does not, in plaintiffs view, authorize a private issuer to freeze, burn, or reissue their tokens,” wrote corporate and intellectual property attorney Ariel Givner

09-02Industry

OpenPayd gains 43 U.S. licenses ahead of Nasdaq deal

OpenPayd said on Sept. 2 that it had completed the regulatory alignment needed to bring MSB USA and 43 state money transmitter licenses under the financial infrastructure providers corporate umbrella.　　SummaryOpenPayd integrated MSB USA, bringing 43 state money transmitter licenses under its corporate group umbrella.MSB USA remains a nonbank money services business and will continue operating during platform integration.OpenPayd reported annual recurring revenue exceeding $96 million and annualized volume above $300 billion globally.Proposed Titan merger values OpenPayd at up to $1.145 billion and currently targets fourth-quarter completion.Nasdaq listing remains subject to shareholder approval, closing conditions, minimum proceeds and exchange acceptance requirements.　　The integration gives London based OpenPayd a regulated route into much of the U.S. payments market. The company plans to use the licenses to support global business clients seeking to send or receive payments in the country.　　MSB USA will continue operating under its existing leadership while preparing for full integration with the OpenPayd platform. OpenPayd did not disclose the acquisition price, payment structure or expected integration cost.　　You might also like:　　Decta taps USDC for international treasury settlements via OpenPayd　　The announcement comes three months before the intended completion of OpenPayds proposed combination with Titan Acquisition Corp. The transaction could lead to OpenPayd shares

09-02Industry

Wall Street is now racing to control the $1.9T stablecoin shift to avoid losing its customer base

Standard Chartered estimated in January that stablecoins could pull about $500 billion from US bank deposits by the end of 2028.　　Regional banks looked especially exposed given how much they depend on the spread between what they pay depositors and what they earn on loans.　　Now, 21 major financial institutions, including Bank of America, Citi, Goldman Sachs and Wells Fargo, committed Sept. 1 to build one.　　The group announced plans to establish a company in the second half of 2026, launch a US dollar-denominated stablecoin in the first half of 2027, and comply with both the GENIUS Act and MiCA.　　The venture started as a 10-bank exploration into reserve-backed digital money in October 2025 and has since grown to 21 institutions spanning North America, Europe, Asia, Africa, and the Middle East.　　Its stated use cases include wholesale and institutional activity, cross-border payments, digital-asset settlement, and retail markets where client benefits can be achieved.Earlier bank concernSept. 1 bank responseStablecoins could pull deposits out of banks21 institutions committed to launch a bank-backed stablecoinRegional banks could be exposed to funding pressureLarge banks are positioning to capture stablecoin flowsCrypto platforms could compete for customer cashBanks are creating their own digital-dollar productStablecoins could redirect reserves into TreasuriesBanks may seek a

09-02Industry

Binance deepens TradFi push with physically settled options on over 1,000 US equities

Binance is putting options on more than 1,000 selected US stocks and exchange-traded funds inside the same account that already offers crypto and several forms of equity exposure.　　Related Company Binance Global crypto exchange　　The product is limited to eligible users outside the US, and the securities machinery behind the offer does not belong to Binance.　　The company said on Sept. 1 that Nest Trading Limited will introduce the orders and route them to Alpaca Securities LLC. Alpaca will execute, clear, and settle the trades, then custody any shares delivered when an option is exercised.　　Eligible customers can move among more products without leaving Binance, while Nest and Alpaca carry distinct responsibilities behind the scenes.　　Who does what behind Binance　　Binance is the customer-facing access point, Nest Trading is the introducing broker, and Alpaca provides execution and post-trade infrastructure.　　An options customer places an order through Binance, but Nest introduces it to Alpaca. If physical settlement produces shares, Binance says Alpaca holds them on the users behalf.　　Graphic shows Binance stock-option orders flowing through Nest Trading and Alpaca Securities before delivered shares reach customers after exercise.　　Nests Abu Dhabi Global Market register lists the firm as active under financial services permission 260000. Its permitted activities include arranging deals, dealing

09-02Industry

Cryptoquant: Bitcoin Price Rally Hid a 60,000 BTC Whale Buying Spree

Wallets holding more than 100 bitcoin added roughly 60,000 BTC in August, according to Cryptoquant data, while smaller holders sold into the months rally.　　Key TakeawaysWallets with 100+ BTC added about 60,000 BTC between Aug. 1 and Aug. 30, Cryptoquant says.Mid-size wallets (1-100 BTC) sold roughly 33,000 BTC over the same stretch.Whale buying accelerated after bitcoins price broke $62,000-$65,000 on Aug. 19.　　The Chart Behind the Bitcoin Price Rally　　Cryptoquant analyst Woo Minkyu laid out the month gone by in a single chart, exposing a stark slip. Between August 1 and August 30, wallets holding 100 or more bitcoin added approximately 60,000 BTC to their combined balances, a figure worth roughly $4.7 billion at prices near $78,000.　　Over that same window, wallets holding between 1 and 100 BTC reduced their holdings by about 33,000 BTC, and the smallest wallets, those under 1 BTC, sold off close to 14,000 BTC.　　Image source: Cryptoquant report called “August in one chart.”　　By lining up those three cohorts, the picture becomes even more unambiguous because while bitcoins price climbed toward its best August since 2017, the buying was concentrated almost entirely among the largest holders, and the selling came disproportionately from everyone else.　　Who Sold Into Strength　　Thats not necessarily bearish on

09-02Industry

Crypto industry urges SEC to avoid blanket novel ETF restrictions

Crypto industry participants urged the US Securities and Exchange Commission (SEC) to avoid a blanket restriction on “novel” exchange-traded funds (ETFs) and instead evaluate products based on their individual risk parameters.　　Venture capital firm a16z asked the SEC to evaluate novel products according to their underlying characteristics, coordinate fund-registration and exchange-listing reviews and adopt more predictable timelines. Digital asset investment manager Grayscale and the Crypto Council for Innovation (CCI) supported optional confidential pre-filing processes.　　All three opposed changing existing investment-company classifications in ways that could automatically sweep products holding non-securities into the Investment Company Act framework.　　The letters were dated Aug. 31 and posted by the SEC around the close of a 60-day public-comment period on its request for feedback concerning novel ETFs.　　The SEC opened the consultation window on the next generation of ETFs on June 30, seeking feedback on whether existing regulations are adequate, how such funds should be regulated and whether changes to the registration process are needed.　　Related: California Senate passes bill to ban memecoin issuance by public officials　　Crypto industry stakeholders urge SEC for more regulatory clarity on novel ETFs　　A16z argued that crypto-based ETPs now benefit from more developed market infrastructure, including exchange-approved listing standards and established disclosure requirements, and therefore

09-02Industry

Cardano clears key voting thresholds for constitutional committee renewal by 0.18% margin

Cardano‘s 2026 Constitutional Committee renewal had crossed both voting thresholds in a pre-boundary snapshot on Sept. 1, but formal ratification still waited for the epoch change. The narrow margin on the stake pool side exposed how non-participation can become an effective veto in the network’s on-chain governance.　　Related Asset Cardano #15 ADA · $0.19 24-hour change: down 1.09% 24H Down 1.09% 7D Down 6.63% 30D Up 5.67%　　Cardano divides governance authority among delegated representatives, stake pool operators, and the Constitutional Committee.　　DReps vote with ADA delegated to them, SPOs represent block-producing stake pools, and the committee reviews the constitutionality of actions that require its approval. For an update to the committees own membership, DReps and SPOs vote while the committee does not.　　A synchronized Koios voting snapshot retrieved at about 09:59 UTC showed DRep support at 69.36% against a 67% threshold. SPO support stood at 51.18% against a 51% requirement, leaving a margin of 0.18 percentage points at that observed moment.　　The proposals on-chain record still showed no ratification, enactment, or expiration, and the Koios chain tip remained in epoch 652. The decision was due at the boundary into epoch 653 at about 21:44 UTC on Sept. 1.MeasurePre-boundary snapshotRequirement or timingDRep approval69.36%67% threshold metSPO approval51.18%51%

09-02Industry

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