Latest Crypto News & Market Updates

Kalshi Suspends House Candidate Laurie Buckhout for Betting on Herself

In briefKalshi suspended North Carolina Republican Laurie Buckhout for three years on Friday after finding she traded contracts on her own congressional race.She bought less than $1,000 of contracts and must pay a $2,589.96 penalty, having cooperated with the exchanges inquiry.Kalshi banned former Rep. George Santos for life in the same batch of notices, fining him $71,356 after he failed to cooperate.　　Prediction market Kalshi has suspended North Carolina Republican House candidate Laurie Buckhout for three years after finding she bet on her own election, according to a settlement notice published Monday.　　Buckhout launched her campaign in North Carolinas 1st Congressional District in December 2025 and bought less than $1,000 of contracts on her race against Democratic Rep. Don Davis, the notice states. As a candidate she qualified as a direct decision maker over the outcome, which bars trading under Rule 5.17(z) of the exchanges rulebook.　　The settlement took effect Friday. It bars the retired Army colonel from Kalshi for three years and imposes a penalty of $2,589.96, more than double what she wagered. Kalshis compliance department found she cooperated with the inquiry.　　Buckhout acknowledged the wager to The Hill. “I bet on myself. Literally. It was a dumb mistake,” she said, adding that

09-02Industry

HashKey joins DTCC digital assets working group

HashKey Group said on Sept. 2 that it had joined the Depository Trust & Clearing Corporations Digital Assets Advisory Services Industry Working Group, becoming its first Asian digital asset service provider.　　SummaryHashKey joined DTCCs digital assets working group as its first Asian digital asset service provider.DTCCs May announcement identified more than 50 participants, while HashKey now cites over 100 institutions.HashKey plans to contribute Asia Pacific regulatory experience toward institutional token issuance, settlement and custody standards.DTCC targets an October launch for tokenization services after conducting production transactions with custodied securities.HashKey already participates in Hong Kong initiatives covering tokenized bonds, funds, notes and settlement infrastructure.　　The Hong Kong based company will participate in discussions about how tokenized securities can be issued, transferred, settled and safeguarded through institutional market infrastructure.　　HashKey said the working group now includes more than 100 financial institutions, asset managers and digital asset companies. Participants named in its announcement include JPMorgan Chase, Goldman Sachs, Nasdaq and the New York Stock Exchange.　　You might also like:　　HashKey, YF Life test HKDAP stablecoin for insurance payments　　DTCCs own May announcement named more than 50 participating organizations. The larger figure provided by HashKey appears to reflect additions made since the group was publicly introduced, although DTCC has not

09-02Industry

WikiBit Exchange Exit Scam Risk Ranking #14 — Echobit: MSB Stickers + Czech VASP Registration, Can a “Compliance Puzzle” Really Guarantee Safety?

Introduction: A “Schrödinger‘s Compliance” Exchange　　In the first 13 editions, we investigated HashKey (the compliance top student), HTX (a sanctions hotspot), UZX (a DAO penny stock), Phemex (the Morgan Stanley elite), Tapbit (the MSB sticker king), Coincheck (Japan’s survivor exchange), Deepcoin (El Salvador‘s new regulatory outfit), Upbit (South Korea’s national exchange), Azbit (officially exposed by Seychelles FSA), FameEX (the multi-country registration collector), Bitvavo (Europe‘s compliance king), CoinUp (publicly criticized by Yi He), and BiFinance (officially condemned by Hong Kong’s Securities and Futures Commission).　　Along the way, we have seen all kinds of regulatory issues.　　For the 14th edition, we examine a new type of player — the “compliance puzzle” exchange: Echobit.　　On paper, Echobits resume looks impressive:“US + Canada MSB registrations”“Czech VASP registration”“Korea CODE alliance member”“Strategic partnership with Coinone”“200x leverage futures trading”“More than $300 million in daily trading volume”“$20 million venture capital fund”　　Sounds like a rising compliance-focused crypto exchange, right？　　But on the other side of the story:　　Echobit itself admits that there are widespread fake websites, fake apps, and fake Telegram groups impersonating the platform.　　A third-party security platform classified echobit.global as a “high-risk phishing/scam website” with a trust score of only 1/100.　　FXVerify users rated the platform only 1/5, with complaints including:　　“Funds were frozen after making

09-02Deep Dive

Bitcoin ETFs notch best month of 2026 as BTC gains 25% in August

US-listed spot Bitcoin exchange-traded funds (ETFs) capped their best month of 2026 alongside Bitcoins biggest monthly gain since November 2024.　　Bitcoin ETFs attracted $3.52 billion in net inflows in August, their highest monthly total of 2026 and a sharp increase from just $172 million in inflows in July, according to SoSoValue data.　　Bitcoin (BTC) gained about 25% in August, its strongest monthly performance since a 37.29% rally in November 2024, according to CoinGlass.　　The August momentum quickly gave way to a weaker start to September, as ETF flows turned negative and Bitcoin briefly fell below $77,000.　　August cuts year-to-date outflows by 66% to $1.77B　　Augusts $3.52 billion in Bitcoin ETF inflows cut year-to-date net outflows by roughly 66%, from $5.29 billion to $1.77 billion.　　The biggest monthly outflows came in June at $4.51 billion, followed by $2.43 billion in May and $1.61 billion in January, according to SoSoValue data.Monthly flows into US spot Bitcoin ETFs in 2026. Source: SoSoValue　　The funds recorded net inflows on 16 of 21 trading days in August, including nine consecutive sessions from Aug. 17 through Aug. 27.　　Total net assets rose to $99.61 billion at the end of August from $76.29 billion at the end of July, an increase of about 31%. Monthly

09-02Industry

Strategy CEO defends selling BTC at $60K, buying at $80K

Strategy CEO Phong Le defended the company‘s decision to sell Bitcoin near $60,000 before resuming purchases around $80,000, arguing that its treasury trades depend on capital costs rather than Bitcoin’s market price.　　SummaryStrategy bought 4,603 Bitcoin for $369.7 million at an average price of $80,318 last week.Phong Le said capital costs, rather than Bitcoin‘s market price, determine Strategy’s treasury transaction decisions.Strategys latest filing showed 845,050 Bitcoin acquired for an aggregate $63.73 billion through August 30.Dollar assets reached $6.71 billion, nearly matching convertible debt and reducing reported net leverage completely.Le said Strategy remains a net Bitcoin accumulator despite adopting a formal two-way treasury strategy.　　Speaking on Bloomberg Crypto on Sept. 1, Le said the earlier sales and the latest purchase were both appropriate because Strategys financing conditions had changed between the transactions.　　Strategy purchased 4,603 BTC for $369.7 million between Aug. 24 and Aug. 30 at an average price of $80,318, according to an Aug. 31 regulatory filing.　　The purchase lifted its holdings to 845,050 BTC, acquired for approximately $63.73 billion at an average cost of $75,412 per coin.　　You might also like:　　Strategys STRC remains below $100 despite $635 million in buybacks　　Strategy links Bitcoin trades to capital costs　　Le said Strategy does not decide whether to buy

09-02Industry

Deribit already holds 96.6% of Coinbase’s derivatives open interest ahead of Sept. 9 migration

Nearly all the open interest displayed on Coinbases derivatives dashboard already sits at Deribit, its global derivatives venue, eight days before institutional positions at the much smaller Coinbase International Exchange are scheduled to move there.　　A Coinbase derivatives dashboard snapshot retrieved at 15:42 UTC on Sept. 1 showed $40.65 billion of daily open interest across three venues. Deribit accounted for $39.26 billion, about 96.6%, while Coinbase Derivatives held $1.17 billion and International Exchange held $226.98 million.　　The Sept. 9 transfer covers the $226.98 million International Exchange book, client accounts, and trading infrastructure. The $39.26 billion already at Deribit stays where it is, on the venue that represents almost all the open interest displayed on Coinbases dashboard.　　Related Company Coinbase A leading digital currency company　　Open interest measures outstanding derivatives positions, a different metric from customer assets, exchange revenue, unique capital and solvency.　　Related Company Deribit Cryptocurrency Futures & Options TradingVenueSept. 1 daily open interestShare of $40.65 billionRole in Sept. 9 cutoverDeribit$39.26 billion96.6%Destination venueCoinbase Derivatives$1.17 billion2.9%Separate U.S.-regulated venueInternational Exchange$226.98 million0.6%Institutional positions and accounts migrate　　The dashboards headline total was $40.55 billion at the same retrieval, $100 million below the venue-level panel. The venue panel is the relevant basis for comparing where the displayed open interest sat, and

09-02Industry

Coinbase is moving $227 million onto the venue already holding over 96% of its derivatives

Nearly all the open interest displayed on Coinbases derivatives dashboard already sits at Deribit, its global derivatives venue, eight days before institutional positions at the much smaller Coinbase International Exchange are scheduled to move there.　　A Coinbase derivatives dashboard snapshot retrieved at 15:42 UTC on Sept. 1 showed $40.65 billion of daily open interest across three venues. Deribit accounted for $39.26 billion, about 96.6%, while Coinbase Derivatives held $1.17 billion and International Exchange held $226.98 million.　　The Sept. 9 transfer covers the $226.98 million International Exchange book, client accounts, and trading infrastructure. The $39.26 billion already at Deribit stays where it is, on the venue that represents almost all the open interest displayed on Coinbases dashboard.　　Related Company Coinbase A leading digital currency company　　Open interest measures outstanding derivatives positions, a different metric from customer assets, exchange revenue, unique capital and solvency.　　Related Company Deribit Cryptocurrency Futures & Options TradingVenueSept. 1 daily open interestShare of $40.65 billionRole in Sept. 9 cutoverDeribit$39.26 billion96.6%Destination venueCoinbase Derivatives$1.17 billion2.9%Separate U.S.-regulated venueInternational Exchange$226.98 million0.6%Institutional positions and accounts migrate　　The dashboards headline total was $40.55 billion at the same retrieval, $100 million below the venue-level panel. The venue panel is the relevant basis for comparing where the displayed open interest sat, and

09-02Industry

Kast launches stablecoin-powered business platform after $80M raise

Stablecoin payments company Kast has launched a platform combining business accounts, payment cards, cross-border transfers and yield-bearing balances on stablecoin rails.　　Kast said its KAST Business platform allows companies to receive funds through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto, issue virtual cards and make local payouts in more than 20 currencies. The company said it serves more than 170 countries, although availability varies by jurisdiction.　　The platform offers up to 8% annual percentage yield on idle balances, which Kast says is generated through short-term US Treasurys and stablecoin yield, alongside up to 3% cashback on purchases.　　Kast is a financial technology company rather than a bank, with regulated services provided through licensed partner institutions.　　The launch comes after Kast raised $80 million at a reported $600 million valuation in March. The company said it would use the funding to develop products, secure licenses and expand across North America, Latin America and the Middle East.　　Kast subsequently hired former US Securities and Exchange Commission adviser Stephanie Allen to lead policy communications as it prepared the business-platform rollout.　　Kast claims more than 1 million users and aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.

09-02Industry

Bitcoin Price Analysis: Warning Signs Emerge as BTCs Breakout Loses Momentum

Bitcoin continues to hover below $78K, but the absence of meaningful upside progress is becoming increasingly important. After the initial breakout impulse, repeated failures to challenge the $80K-$82K supply area suggest demand is losing strength, raising the probability of a deeper corrective move.　　Bitcoin Price Analysis: The Daily Chart　　The daily chart shows BTC transitioning from an impulsive breakout into a clear loss of momentum. Following the rapid advance from the mid-$60K region, Bitcoin has spent several sessions fluctuating between roughly $77K and $81K without establishing a fresh high.　　This behavior is particularly notable because the price is consolidating directly beneath the major $80.5K-$82.5K resistance zone. The inability to absorb supply around this area, combined with repeated upper wicks, suggests buyers are struggling to maintain the strength seen during the initial rally.　　Although the broader structure remains bullish following the breakout above the moving averages and previous resistance levels, the probability of a deeper pullback has increased. The $72K-$74.4K zone is the first major daily support area and represents a logical destination if selling pressure expands.　　For the immediate bearish risk to diminish, BTC would need to regain momentum and establish acceptance above $80.5K-$82.5K. Until then, the prolonged hesitation beneath resistance favors caution.　　BTC/USDT 4-Hour Chart　　The

09-02Industry

Layer-1 chain to pause new transactions for 24 minutes to unlock a 10x speed boost

MultiversX has given node operators nine days to prepare for an upgrade designed to make its blockchain 10 times faster.　　Related Asset MultiversX #153 EGLD · $4.24 24-hour change: up 8.98% Price history is not available. 24H Up 8.98% 7D Up 24.36% 30D Up 60.22%　　The Supernova upgrade is scheduled to activate Sept. 10 during epoch 2233, cutting block times to 600 milliseconds from six seconds and forcing more than 5,000 nodes to migrate onto software capable of processing the new rules.　　The upgrade goes beyond shorter block intervals. Supernova restructures MultiversXs consensus pipeline so validators can vote on a block while execution proceeds in parallel, removing transaction execution from the critical path that previously constrained block production.　　The design is also intended to preserve deterministic finality while pushing intra-shard finality below 250 milliseconds and cutting cross-shard settlement from about 18 seconds to roughly 2.4 seconds.　　Meanwhile, MultiversX is keeping its epoch length unchanged and maintaining backward compatibility for addresses, keys, and balances.　　The countdown begins as MultiversXs EGLD token shows renewed momentum. Data from CryptoSlate showed that EGLD crossed $4 over the weekend for the first time since May, reaching about $4.05 before pulling back below the threshold.　　Most MultiversX nodes are still on the old

09-02Industry