Latest Crypto News & Market Updates

Why crypto could face its first September test as U.S. labor data looms

The 15th of September could already be turning into another momentous day for the market.　　On the macro front, the much-anticipated FOMC meeting is scheduled for this day, where the market is currently divided on the rate cut scenario. With twelve votes on the board, the market is currently pricing in a 7-5 Fed decision, favoring dovish rate policy. And although the meeting is still two weeks away, this weeks critical economic data release could be decisive in influencing the outcome of the vote.　　As the post shows, the final month of Q3 is set to see key jobs data out with eyes on the labor market. Notably, the labor market is a key focus for investors, with any sign of cooling reducing the chance of rate hikes, while a strong reading would limit rate cut hopes. Either way, the crypto market looks set for volatility.　　Source: X　　Interestingly enough, the data shows a scenario that fits the setup discussed earlier.　　According to FedWatch data, markets are already pricing in almost a 60% chance of a rate hike. This is a jump of almost 46% in expected hikes this week. To top it off, the vote on the CLARITY Act is also on the 15th

09-01Exchange

Ireland excludes crypto from new tax-friendly accounts

Ireland has excluded crypto and derivatives from tax-advantaged investment accounts due to the launch in 2027, while allowing listed stocks, bonds, ETFs and retail investment funds.　　SummaryIrelands new investment accounts will become available to eligible residents in 2027.Crypto assets and derivatives will not qualify for the accounts preferential tax treatment.Budget 2027 will set the tax-free threshold, flat tax rate, and annual contribution limit.Each eligible adult may open one account through an approved financial provider.　　Irelands Department of Finance said in its retail investment roadmap that crypto assets and derivatives will remain outside the new account because the government considers them “highly complex and risky” products.　　The account will instead cover listed shares, listed bonds, financial instruments traded on regulated markets, and funds considered suitable for retail customers. Exchange-traded funds and certain insurance-based investment products will also qualify.　　Scheduled to become available next year, the structure will be open to Irish tax residents aged 18 or older who hold a Personal Public Service Number. Each person may have one account, and approved providers will calculate, report and pay any tax owed to Ireland‘s Revenue Commissioners on the investor’s behalf.　　No minimum contribution will apply, although the government plans to impose an annual contribution limit. The size

09-01Industry

Will Ripple, Cardano, and Dogecoin extend their pullback this week？

Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) remain weak after double-digit losses last week, testing their crucial Exponential Moving Averages (EMAs) for immediate support. The technical outlook warns of further weakness in the prices of XRP, ADA, and DOGE as bullish momentum eases.　　Ripple tests its 200-day EMA support　　Ripple trades around $1.3725, holding above the 50-day and 100-day EMAs, clustered around $1.21, and testing the 200-day EMA at $1.35, which collectively underpin a mild bullish near-term bias.　　From a technical perspective, the 50% retracement level of the $2.41 to $0.98 downswing at $1.54 capped gains, resulting in a 10% pullback last week. A confirmed breakout below $1.35 could target the support cluster at the 23.6% Fibonacci retracement and the 50-day and 100-day EMAs near $1.21.　　Momentum has cooled, with the Moving Average Convergence Divergence (MACD) slipping slightly below its signal line, yet the Relative Strength Index (RSI) at 61 still suggests constructive buying interest easing from overbought excess.　　XRP/USDT daily price chart.　　On the topside, bulls face first resistance at the 50% retracement around $1.54, with additional barriers at the 78.6% Fibonacci retracement level near $1.99.　　Cardano takes support at its 50-day EMA　　Cardano extends gains on Tuesday, advancing its 2% rise from the previous day above

09-01Industry

Ireland excludes crypto from new tax-advantaged investment accounts

Ireland‘s Department of Finance has unveiled plans for a new tax-advantaged investment account to encourage more retail investing, but crypto will be excluded from the preferential structure alongside derivatives, underscoring regulators’ ongoing cautious approach to digital assets.　　In a roadmap published Monday, the department said the accounts will allow investments in stocks, bonds, exchange-traded funds and other investment funds. Crypto assets and derivatives will be excluded, with the government classifying them as “highly complex and risky” products.　　Key features and exclusions of the new investment account. Source: Department of Finance　　According to the roadmap, the accounts will be available to Irish residents next year, although no specific launch date has been set. The tax rate and tax-free threshold will be announced in Irelands Budget 2027.　　The exclusion leaves digital assets outside a new framework intended to make investing easier and more tax-efficient for Irish residents. It also comes as Ireland takes a more active approach to crypto oversight, including proposed reforms to strengthen Anti-Money Laundering requirements for the sector.

09-01Industry

Thailand SEC proposes retail access to regulated overseas crypto derivatives

Thailands Securities and Exchange Commission (SEC) has proposed allowing intermediaries to facilitate retail access to certain digital asset derivatives traded overseas.　　Under the proposal, eligible products would need to resemble crypto derivatives traded in Thailand, including their underlying assets, maturity, leverage and settlement methods.　　The products must also trade on an exchange that uses a central counterparty for clearing and is overseen by a regulator belonging to specified international regulatory or exchange groups.　　The consultation marks Thailands latest step toward bringing crypto-linked products into its regulated capital markets. The SEC formally designated cryptocurrencies and digital tokens as permissible derivatives underlyings in a notification dated March 5 and is discussing potential contract specifications with the Thailand Futures Exchange.　　Meanwhile, crypto derivatives that do not meet the proposed conditions could only be offered to institutional investors. The regulator said institutions are better equipped to assess and manage complex and high-risk products.　　Existing rules allow intermediaries to facilitate overseas derivatives investments for retail and high-net-worth clients only when the products resemble those traded domestically. According to the SEC, overseas crypto derivatives require tailored rules because structures and risk levels vary.　　The consultation remains open until Sept. 30. The SEC did not provide an implementation date for the proposed amendments.

09-01Industry

DeFi Development prices $19.8M CHAD stock offering

DeFi Development Corp. has priced its Variable Rate Series C Perpetual Preferred Stock offering at $9 per share, according to an updated prospectus filed with the U.S. Securities and Exchange Commission.　　Summary2.2 million CHAD shares priced at $9 each, giving DeFi Development $19.8 million before expenses.The underwriter may buy 330,000 additional shares, potentially raising total gross proceeds to $22.77 million.CHAD begins with a 13% dividend rate calculated against its $10 stated amount per share.Dividend payments start October 1, then become payable each business day when directors declare them.Offering proceeds may fund Solana purchases, working capital, strategic transactions and other digital asset investments.　　The Solana treasury company plans to sell 2.2 million shares of the preferred security, known as CHAD Stock. The offering would produce $19.8 million in gross proceeds before underwriting commissions and other expenses.　　That updates the companys Aug. 31 announcement, which described a proposed offering of up to $20 million without disclosing the final share count or offering price.　　R.F. Lafferty & Co. is the sole book-running manager. The underwriter received a 30-day option to acquire another 330,000 shares at the public offering price, minus commissions.　　Full exercise of that option would increase the offering to 2.53 million shares and produce up to

09-01Industry

Gold Forecast: Defending $4,400 is critical for XAU/USD buyers

Gold is replicating negative trades seen in Asia on Monday, as sellers return early Tuesday to challenge critical support just above the $4,400 level once again.　　Gold struggles ahead of key US data　　Gold is fading the previous recovery from eight-day lows of $4,397, as the US Dollar (USD) rebounds sharply amid a risk-off market environment and rising US Treasury bond yields across the curve.　　The Greenback continues to draw support from increased bets around a September Federal Reserve (Fed) interest rate hike, following Chairman Kevin Warshs explicit signal on Friday that rate hikes may be needed to curb inflation.　　Markets are pricing in a 66% chance of such a move, up from 41% a week ago, according to the CME Groups FedWatch Tool.　　Additionally, the renewed outbreak of hostilities in the Middle East revives the geopolitical risk premium among traders, underpinning the safe-haven appeal of the USD and acting as a headwind for the Greenback-denominated bullion.　　US President Donald Trump threatened further strikes against Iran on Monday after the first exchange of direct attacks in a month, while the United Kingdom Maritime Trade Operations (UKMTO) said that a tanker was reportedly ‌struck by three projectiles while sailing out ‌of the ‌Strait of Hormuz,　　Gold traders now

09-01Industry

WikiBit Exchange Exit Risk Ranking · Summary of Episodes 1-10: 10 Exchanges, 8 With Serious Issues — This “Crypto Risk Avoidance Guide” Is Worth Saving

Introduction: Why Do We Need This Summary？　　Over the past two weeks, we have systematically investigated 10 cryptocurrency exchanges — from the fully licensed and compliant HashKey, to HTX, which has faced sanctions from the UK, to UZX with its DAO disguise, and Azbit and FameEX, which were publicly challenged by Seychelles regulators.　　10 episodes, 10 exchanges, covering almost every possible “exit scam pattern” in the crypto industry.　　Some people may ask: After investigating so many exchanges, are there any common patterns？ Which ones are genuine risks, and which ones are merely poor user experiences？ How can ordinary users identify the difference？　　In this stage summary, instead of analyzing individual exchanges, we will connect the findings from Episodes 1-10 and extract the core principles and evaluation framework.　　After reading this article, you will be able to conduct a basic “health check” on almost any crypto exchange yourself.I. Overview of the 10 Exchanges: One Table to Understand the Full PictureEpisodeExchangeOverall Risk RatingOne-line DescriptionThe Most Critical ProblemEpisode 1HashKey GlobalLow RiskCompliance model studentLost over $100M in one year; withdrawal process criticized as extremely complicatedEpisode 2HTXMedium-High RiskSanctions hotspotSanctioned by the UK + EU; Binance suspended deposits and withdrawalsEpisode 3UZXHigh RiskDAO penny stockParent company market cap only $7.19M; facing delisting

09-01Deep Dive

Bitwise XRP ETF Crosses $500M in Assets 9 Months After Launch

Bitwises XRP ETF has surpassed $500 million in assets under management nine months after its launch. The fund now holds nearly 364.8 million XRP, giving brokerage-account investors indirect exposure to the crypto token without direct custody.　　Key TakeawaysBitwises XRP ETF holds $502.7 million in net assets.The funds XRP holdings have reached nearly 364.8 million.Assets under management reflect more than investor inflows.　　Bitwise XRP ETF Passes $500 Million Milestone　　Bitwise Asset Management stated in an Aug. 31 post on X that its XRP exchange-traded fund had crossed $500 million in assets under management nine months after its launch. The fund lets brokerage-account investors gain exposure to XRP indirectly, without the custody and access hurdles of buying the crypto token outright.　　The asset management firm shared:　　“14 years in, and the $XRP community continues to be unstoppable. The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—just 9 months after launch.”　　“14 years in, and the $XRP community continues to be unstoppable. The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—just 9 months after launch.”　　“Grateful for the chance to expand mainstream access to XRP and steward investors exposure to the opportunities in this space,” the company added.　　The funds official data showed approximately $502.7 million in net assets as of

09-01Industry

Ethereum leverage crashes 91%, yet ETH price holds firm - Heres why

As Ethereum [ETH] advanced toward $2500, traders went all-in, adding massive amounts of leverage on both Binance and Bybit.　　The combined Open Interest (OI) on these two exchanges grew by $1.12 billion over the seven days ending on the 22nd of August, after traders began to chase Ethereums breakout.　　Recently, that momentum has dramatically fallen off. As of the 30th of August, the leverage collapsed 90.9% to just $102 million. Binance fell from $843 million to $94 million, while Bybit plunged from $277 million to $8 million.　　Source: CryptoQuant　　However, ETH is still trading near $2500, even though derivatives are being added by much smaller margins. In other words, this means that the rally is now relying less on rapid expansion of derivatives in order to continue supporting the price.　　Discover more　　FINANCE　　News　　Currencies & Foreign Exchange　　Ultimately, if Ethereum holds $2500 while leverage decreases, then this would likely indicate a rally based on growing demand.　　With leveraged trading cooling, Ethereums support is increasingly coming from spot ETFs.　　The volume of ETH being bought by institutions through spot ETFs has grown with each session since the 15th of August. Since then, U.S.-based Ethereum ETFs have had approximately $1.5 billion in investment over 10 days.　　Source: Farside　　Over this same period BlackRocks ETHA

09-01Industry

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