Latest Crypto News & Market Updates

UK Tax Authority Counts 240 Crypto Millionaires in First Official Tax Data

The UK tax authority recorded 240 people who each declared over £1 million ($1.35 million) in cryptoasset gains in the 2024 to 2025 tax year. It is the first breakdown of its kind.　　HM Revenue and Customs (HMRC) released the numbers in its yearly Capital Gains Tax (CGT) publication.　　Where the Crypto Gains Were Concentrated　　Those 240 crypto millionaires reported £717 million ($974 million) between them. This works out to just over half of all crypto gains declared to the department that year, according to the statistics.　　The wider pool ran to 17,600, who made cryptoasset disposals liable for CGT that year. Their disposal proceeds totaled £13.8 billion ($18.8 billion).　　Taxable profit on those disposals came to £1.38 billion ($1.88 billion), or roughly an average gain of £78,000 each. Men accounted for about 87% of filers and women about 13%.　　“Taxes are due on cryptoasset gains just like any other gains,” James Murray, Financial Secretary to the Treasury, said.　　What the Blockchain Data Adds　　Blockchain analytics firm Chainalysis measured UK taxable crypto activity at $19.4 billion in 2025. Only the United States, Germany, and China ranked higher. That total splits into $6.0 billion of gains, $3.3 billion of income, and $10.1 billion of payments.　　Chainalysis also called its approach

08-28Industry

Whales Yank 231 Million XRP From Binance — Largest Withdrawal in 6 Months

XRPs (XRP) price has gained 11% over the past week as a broader rally lifts major cryptocurrencies. Only Solana (SOL) and Hyperliquid (HYPE) have posted stronger gains among the 10 largest coins.　　However, the market is sending opposite signals. Whales are moving coins off exchanges while futures data shows traders positioning against the rally.　　XRP (XRP) Price Performance. Source: BeInCrypto MarketsXRP Whale Outflows Hit a Six-Month High　　Darkfost reported that whales withdrew 231 million XRP from Binance. This marked the largest whale withdrawal recorded in six months.　　Those outflows exceeded $335 million in a single day. The 90-day average sits closer to $40 million, based on his figures.　　Whale withdrawals reduce the supply sitting on exchanges and available for immediate sale. They do not confirm a purchase on their own, since coins can move into custody for other reasons.　　Notably, the withdrawals landed during a sharp recovery in the token. Darkfost put XRPs gain over the period at roughly 70%.　　“Should this accumulation dynamic continue, XRP could test the $2 mark…” he said.　　Derivatives Traders Lean Against the Rally　　The same analyst pointed to a contrasting signal in the derivatives market, where traders appeared to increase bearish exposure.　　Binances net taker volume recorded its strongest sell-side imbalance of 2026, reaching

08-28Industry

Beyond the rally: 4 Trends to watch this cycle

Robinhoods Chain launch highlights four crypto trends reshaping ownership, finance, money and AI-driven markets.　　When digital asset prices surge, market commentary tends to fixate on green candles and central bank policy. Yet, looking beyond the immediate rally reveals a deeper structural shift taking place on-chain. Robinhoods CEO, Vlad Tenev, skilfully drew global attention to this shift with the launch of the Robinhood Chain, joining a broader movement of major platforms bringing mainstream retail equity investors directly onto native on-chain execution.　　Macroeconomic stress provides background fuel, but technological innovation provides the spark. Beneath the price action, four key trends are defining this cycle and reshaping how global wealth is owned, accessed, and stored.　　Trend 1: The retail ownership supercycle　　At a recent White House summit, Vlad Tenev summarised his platforms mission in a single word: ownership. Broad asset ownership is essential to a free and prosperous society, and the Robinhood Chain is putting that principle into practice.　　Consider novel mechanics like The Index. Holding this single token automatically drops fractional tokenised equities directly into a users wallet. In a few clicks, crypto-native traders gain organic exposure to traditional stock portfolios, opening up meaningful diversification beyond crypto alone.　　Crucially, this movement is propelled by retail culture. Memes like

08-28Industry

Morning Minute: Solana Jumps with Network Inflation Set to Drop

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.　　GM!　　Todays top news:Crypto majors are slightly green ahead of Jackson Hole, SOL leads; BTC at $79.6kETH ETFs see $225M in inflows, nearly even with BTCs $242MHyperliquid hits a new ATH over $86 before retracingPump.fun hits 2nd highest day of revenue since Jan 2025New Solana meme $fone runs to $35M in its debut　　????️ Solana Has Its Best Month Ahead of Major Inflation Change　　SOL is having the kind of month that makes people forget the last two years.　　The token climbed back above $105 for the first time since January and is up roughly 44% in August, its strongest month since 2024. Then the same day the chart went vertical, Solana closed the first binding onchain governance vote in its history, one that decides how much SOL the network inflates (or disinflates) going forward.　　The tallies came in with all three proposals above quorum and all three passing.SGP-0002 doubles the disinflation rate, meaning the speed at which new SOL issuance shrinks each year, from 15% to 30%. Solana already grinds toward a fixed 1.5% inflation floor. This gets there

08-28Industry

You Can Now Own the Magazine Where One Piece Began — via a Solana Token

Phygitals sealed and tokenized the 1997 magazine where One Piece began. Solana promoted the launch on Friday, and the first tokenized One Piece manga now trades onchain.　　The issue carries the main characters debut appearance, which arrived before the first collected volume reached shops. Grading firms count only 118 copies worldwide.　　Sponsored　　Sponsored　　Why the Tokenized One Piece Manga Is So Scarce　　The manga One Piece, written by Eiichiro Oda, was initially published in the Shonen Jump magazine No. 34 of 1997. Readers treated the magazine as cheap, throwaway newsprint. Most copies, therefore, went straight to the bin.　　Almost nobody expected a record. One Piece passed 600 million published copies worldwide in March. The publisher Shueisha announced the milestone on the jacket band of volume 114.　　Scarcity then attracted forgers. Reprints and outright fakes of the issue flood resale sites, and an official 2017 reprint edition adds more confusion. Dealers now treat authentication as the main hurdle for buyers.　　Authentication carries real money. Reference guides put ungraded first prints in the low hundreds, while graded slabs trade in a separate market. Heritage Auctions ran a Beckett-graded copy of the issue in March. Graders slab originals and reprints separately, which remains the only dependable tell.　　That backdrop matters here. Phygitals,

08-28Industry

Zoomex Bridges Crypto and TradFi with Stock and Commodity Contracts

Zoomex, a global cryptocurrency derivatives exchange, announced the rollout of a dedicated TradFi hub, consolidating its Stock Contracts, Commodity Contracts, and Stock Tokens offerings into a single, streamlined destination on the platform. This marks one of the most significant expansions in Zoomexs product history, extending its derivatives infrastructure beyond digital assets and giving traders around-the-clock access to instruments tied to major U.S. equities, precious metals, and tokenized real-world stocks, all from one USDT-denominated account.　　The new TradFi navigation tab, now live across the Zoomex web and mobile platforms, brings together three product lines under one roof: Stock Contracts, offering high-leverage, 24/7 perpetual exposure to leading global equities; Commodity Contracts, enabling round-the-clock trading of gold, silver, and other core commodities; and Stock Tokens, providing spot-style access to tokenized shares backed by real-world stocks. Together, the three verticals reflect Zoomexs strategy of bridging traditional finance and Web3 derivatives within a single, rule-based trading environment.　　Bridging TradFi and Crypto Derivatives　　Founded in 2021, Zoomex has grown into a global cryptocurrency trading platform serving more than 3 million registered users across 35-plus countries and regions, with over 700 trading pairs available on its matching engine. The exchange has built its identity around being Focused on Derivatives, engineering

08-28Industry

Ledger says the viral “hack” was already patched, but two real bugs still needed fixing

Crypto wallet maker Ledger is urging its Ethereum app users to update again after two signing flaws remained in its previous security release.　　Related Asset Ethereum #2 ETH · $2,498.85 24-hour change: up 0.08% 24H Up 0.08% 7D Up 4.46% 30D Up 31.21%　　The hardware-wallet maker published Ethereum app version 1.22.3 on Aug. 25, closing vulnerabilities that could hide operations from a device review or authorize a token approval in place of an expected payment.　　The update follows controversy over a separate Ethereum signing flaw reproduced by rival wallet maker OneKey. That issue, tracked as LSB-023, affected older versions and allowed a compromised host to interleave commands so that transaction parameters could change after being displayed but before signing.　　Ledger said OneKey demonstrated the bug against version 1.22.1 after the company had already fixed it in Ethereum app 1.22.2, released Aug. 13.　　Related Company Ledger Crypto hardware wallets　　“No Ledger user was hacked,” Ledgers security team said, describing the demonstration as a laboratory reproduction involving outdated software. The company said it had found no evidence of exploitation in the wild.　　Ledger Chief Technology Officer Charles Guillemet made the same distinction, saying reproducing an already-patched flaw did not amount to “hacking Ledger.”　　Version 1.22.2, however, did not close every

08-28Industry

UK Police Seize $1.4M in Bitcoin Traced to Shuttered Darknet Markets

In briefAvon and Somerset Police forfeited 20.21 Bitcoin along with other crypto and bank funds worth $1.4 million (£1.03 million).Investigators traced the assets to darknet marketplaces that operated between 2016 and 2019 and have since been closed by law enforcement.It is the forces largest crypto seizure since the UK introduced crypto wallet freezing orders in April 2024.　　Over a million dollars worth of Bitcoin that moved through darknet marketplaces nearly a decade ago has been forfeited to a regional English police force.　　Avon and Somerset Police said Thursday its financial investigation unit had recovered 20.21 BTC, further cryptoassets and money held in a bank account, worth $1.4 million (£1,032,487.86) combined. The person under investigation had a previous money laundering conviction and has since died.　　Officers traced the holdings, with help from the forces cyber team, to darknet markets running from 2016 to 2019. The force said those sites, all since shut down, had facilitated crimes from drug supply to people trafficking. It did not name them.　　Myriad: Bitcoins next price move？ Click to make your prediction　　A well-documented era　　That window covers the most heavily policed period in darknet history. AlphaBay, then the largest such market anywhere, was seized in July 2017, while Dutch police had

08-28Industry

Brazil central bank prepares crypto monitoring system after $180M cyberattack

Brazils central bank has developed a real-time crypto threat alert system with Hypernative that will connect banks and domestic exchanges after attackers moved part of an estimated $180 million theft into cryptocurrency.　　Valor Econômico reported that the Central Bank of Brazil developed the monitoring and alert-sharing system with blockchain security company Hypernative and has already tested the tool with market participants. The system is designed to help financial institutions identify attacks, respond to suspicious activity and track funds when stolen money moves from the banking system into crypto markets.　　Brazil crypto alert system moves toward integration　　Regina Pedroso, executive director of the Brazilian Tokenization Association, or ABToken, said integration is expected to begin within the next two weeks. Foxbit and Mercado Bitcoin are among the crypto companies participating in the implementation.　　The system is expected to distribute threat information between participating institutions, allowing alerts generated in one part of the financial system to reach companies that may encounter the funds later.　　Discussions around the project began late last year, when the central bank approached industry associations and market participants about creating a working group focused on monitoring cyberattacks and sharing warnings. ABToken participated in those discussions.　　Testing has since been completed with a group that included

08-28Industry

PayPal Stock Crashes 18% After Stripe and Advent Abandon $50 Billion Buyout

PayPal stock has crashed nearly 18% in pre-market trading after payment giants Stripe and Advent have reportedly walked away from acquiring the company, as per Bloomberg. 　　This was one of the largest buyout attempts in fintech history. Advent and Stripe previously offered PayPal over $50 billion. It is no longer pursuing a transaction.　　Pre-market price now trades at $50.61, roughly 18% below the $62.73 swing high set only days ago.　　BREAKING: PayPal crashes -12.5% in after-hours trading after Stripe and Advent abandon their pursuit of the company in a potential $50+ billion deal, per Bloomberg.　　PayPal surged over +40% this quarter on takeover speculation and stronger Q2 earnings.　　— Bull Theory (@BullTheoryio) August 28, 2026　　Why the Bid Collapse Guts PayPals Rally　　The scale of the drop makes sense once you look at what was holding the stock up.　　PayPal shares had jumped more than 40% this quarter, lifting the companys market value to about $52.6 billion. That rally rested on two pillars: second-quarter earnings that topped analyst estimates, and relentless takeover speculation.　　Bloomberg first revealed in February that Stripe was weighing an acquisition of parts or all of PayPal, after a stock slump had wiped out a large chunk of its value.　　One of those pillars just disappeared,

08-28Industry

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