Latest Crypto News & Market Updates

Crypto trader turns $870 into $312,000 in 5 hours

A Solana (SOL) memecoin trader turned an $870 investment into more than $312,000 in just five hours after buying into the newly launched Effective Accelerationism (e/acc) token.　　Particulars of the transaction indicate the trader, using a wallet beginning with 9hVshY, purchased 16.7 million e/acc tokens across five transactions for about $870.23.　　As the token‘s price surged, the position’s value climbed to roughly $313,200, representing an unrealized gain of more than 35,000%, according to on-chain data shared by Lookonchain on September 26,　　Crypto traders e/acc transaction. Source: Lookonchain　　Effective Accelerationism launched on the Solana blockchain in late September 2026 and quickly gained traction among traders.　　Discover more　　Fintech investment reports　　investing　　Financial technology news　　Within hours of launch, the tokens market capitalization briefly exceeded $17 million while generating more than $25 million in trading volume.　　Later, the market cap climbed above $29 million, with trading volume surpassing $55 million as buying activity accelerated across decentralized exchanges, including PumpSwap.　　The rapid rally helped early participants secure significant gains as capital flowed into the project during its initial price discovery phase.　　Why e/acc rallied　　The token takes its branding from the effective accelerationism (e/acc) movement, a technology-focused philosophy that advocates rapid progress in areas such as artificial intelligence, energy, and economic growth.　　Interest in the token was

8 hours agoIndustry

SpaceX President Cashes Out $52 Million Before Monday's Starship Launch

SpaceX President and Chief Operating Officer Gwynne Shotwell sold $52.5 million of company stock on September 22, ahead of Monday‘s Starship launch, the rocket’s first attempt to reach orbit.　　It is the first significant stock sale by a SpaceX executive since the company listed on Nasdaq in June, according to TipRanks.　　Sponsored　　Sponsored　　How the SpaceX Stock Sale Worked　　A Form 4 filed with the Securities and Exchange Commission (SEC) on September 24 shows Shotwell first exercised stock options. Options let an employee buy shares at a fixed, older price.　　She bought 342,170 shares at $8.40 to $19.40 each, a total cost of about $4.5 million. She then sold all of them the same day through Morgan Stanley at roughly $151 to $155 per share.　　The trades ran under a Rule 10b5-1 plan she adopted on June 23, according to the filing. These plans lock in sale instructions ahead of time, so an executive cannot pick the day based on private news.　　Shotwell Still Holds About $830 Million in Shares　　After the sale, Shotwell holds 2.47 million Class A shares directly and 3.11 million through two family trusts. At Fridays $148.68 close, that stake is worth roughly $830 million.　　SpaceX (SPCX) Stock Performance as of Fridays Close. Source: Yahoo Finance　　The

8 hours agoIndustry

Meme Coin Ban for California Officials Signed by Governor

California Gov. Gavin Newsom has signed legislation barring state and local public officials from issuing meme coins.　　The bill, which specifically prohibits politician-linked tokens, passed the California Senate 40-0 and the Assembly 78-0 before reaching Newsoms desk.　　A California “public officer” will not be able to issue a meme coin from now on. That definition covers state and local elected and appointed officials, members of the Legislature, and members of government boards, commissions, and committees, including bodies with only advisory powers.　　Meme Coin Ban for California Officials Signed by Governor　　Brandt Takes Fresh Shot at XRP ‘Cult’　　Defining what a meme coin is is pretty challenging, and the bill applies a rather broad definition. It covers digital assets associated with internet memes, public figures, celebrities, fictional characters, current events, online humor, and so on.　　Notably, digital asset service providers will be banned from offering California residents meme coins issued on or after Jan. 1, 2027.　　It is important to stress that tokens such as Dogecoin are not outlawed, so this is not a statewide meme coin ban.　　Why California is banning officials from issuing meme coins　　California lawmakers state that financial instruments issued or promoted by government officials can create conflicts of interest, opportunities for “pay-to-play” arrangements, and risks

9 hours agoIndustry

Pump Fun is not authorized to solicit some Canadian investors, AMF warns

Québec‘s securities regulator warned on Sept. 25, 2026, that Pump.fun is not registered with the Autorité des marchés financiers and is not authorized to solicit investors in the province. Pump.fun’s services involve user-generated digital assets; the AMF has categorized its notice as a cryptoasset and high-risk platform warning. For residents, the status question is whether the service may seek their investment business in Québec.　　Related Reading　　ANSEM soars 299% and brings Solanas memecoin trenches back to life – but do we need it now？　　The regulators Pump.fun notice gives residents a specific finding about the platforms regulatory status. The Canadian Securities Administrators also list the alert, identifying the AMF as its issuer and repeating the registration and solicitation finding. The CSA entry records the Québec warning. It does not describe a separate CSA measure against the platform.　　The published warning is limited in scope. It does not announce a website ban, an enforcement order, a finding of fraud, or a change to users‘ wallet access. Its stated concern is Pump.fun’s lack of AMF registration and authorization to solicit Québec investors. Readers should not treat the notice as evidence that any of those separate actions has occurred. The pages general fraud-prevention advice is not a

9 hours agoIndustry

Robinhood Chain Rug-Pull Discovered in 53 Token Launches Fraud

An on-chain sleuth just pulled back the curtain on what looks like one of the largest coordinated scams to hit a young blockchain network in recent memory. The Robinhood Chain rug-pullscheme, traced by analyst Wazz and detailed on September 27, connects 53 separate token launches to a single operation that drained at least $18.43 million from buyers over roughly two months.　　Key takeawaysAnalyst Wazz linked 53 token launcheson Robinhood Chain to one coordinated rug-pull operation.The scheme extracted at least $18.43 million, with the real figure likely higher.45 launches were tied together through direct on-chain fund flows, four through a shared private key, and four through a common collector wallet.Most launches used 70 to 200 walletsto quietly control over 70% of a tokens supply before going public.The top three drained tokens were CRUMBS ($3.12 million), LEGS ($2.9 million) and PINK ($1.44 million).　　Wazz Uncovers Large Robinhood Chain Rug-Pull Operation　　Tracing 53 Token Launches Over Two Months　　Wazz said he traced 53 Robinhood Chain token launches over roughly two months back to the same rug-pull operation. That is a striking number for a chain that only went live on July 1, 2026, as an Arbitrum Orbit Layer 2 network. In under three months of operation, Robinhood

9 hours agoIndustry

Thorchain Faces Heat as Bitget Hack Revives Bybit Controversy – Bitcoin News

Key TakeawaysBitget CEO Gracy Chen wants Thorchain to block the hackers who stole $387.5 million from her exchange on Sept. 24.OKX founder Star Xu argues Thorchain isn‘t truly decentralized, while Dashpay’s Joel Valenzuela fiercely disagrees.Thorchain faces renewed scrutiny after previously facilitating $1.2 billion in stolen funds following Bybits 2025 hack.　　Thorchain Pushes Back as Crypto Figures Clash Over Chens Request　　Earlier this week on Sept. 24, hackers attacked the CEX Bitget and managed to steal $387.5 million from the exchange‘s coffers. Bitcoin.com News reported on Saturday that the attacker has been leveraging several different rails to move the stolen funds and Thorchain, the decentralized exchange (DEX) service, is one of those vehicles. Chen posted on X and tagged Thorchain’s official account and requested that the platform block the attackers wallets.　　Thorchain responded by expressing sympathy over the Bitget hack but maintained that its protocol was “decentralized and permissionless like Bitcoin, Ethereum, and BNB Chain.” The X account then posed a pointed question about what responsibility Bitcoin, Ethereum and BNB Chain bear in the matter. Meanwhile, a growing chorus of crypto KOLs has entered the debate, with some siding against Thorchain while others vehemently oppose Chens formal request.　　Joel Valenzuela, business development and marketing lead

9 hours agoIndustry

Ethereum Really Not Just Blockchain Anymore, Founder Vitalik Declares

Buterin foresees Ethereum as a cryptographic world computerEthereum eyes advanced cryptographic techniques　　Vitalik Buterin, the founder of Ethereum, has sparked a buzz in the crypto ecosystem after he shared details about Ethereums ongoing push for a more advanced network.　　Buterin has expressed belief that Ethereum is about to enter a new phase with several major upgrades capable of changing how it operates in the coming years.　　Buterin foresees Ethereum as a cryptographic world computer　　As the network continues to advance and improve its infrastructure, Vitalik confirmed that Ethereum is gradually becoming a hybrid system that combines blockchain technology with modern cryptography.　　Discover more　　Bitcoin price tracker　　FINANCE　　Trade Crypto Assets　　Brandt Takes Fresh Shot at XRP ‘Cult’　　Solana (SOL), Zcash (ZEC), Chainlink (LINK) and Cardano (ADA) Price Analysis For September 26: Market Retains Bullishness　　While he mentioned that Ethereum is advancing beyond just a blockchain, Buterin mentioned that Ethereum is growing to become a “cryptographic world computer” in the future.　　You Might Also Like　　With its potential upgrades, Ethereum will be able to effectively support more advanced applications while improving security, privacy, and efficiency.　　These major advancements are expected to begin on Ethereum after the much anticipated Hegota upgrade goes live as several proposals are already forming part of Ethereums long-term roadmap.　　Ethereum eyes advanced

9 hours agoIndustry

Trump To Dine With the AI CEO His Pentagon Blacklisted: Is the Feud Over？

President Donald Trump will host Anthropic CEO Dario Amodei at a private White House dinner on Sunday evening, Axios reported. The meeting comes two days after a federal court sided with the Pentagon in its fight with Anthropic.　　Anthropic is the San Francisco company behind Claude, one of Americas leading artificial intelligence (AI) chatbots. It is the first one-on-one meeting between the two men.　　Pentagon Blacklist Upheld on Friday　　In March, the Pentagon labeled Anthropic a “supply chain risk,” shutting it out of defense work.　　Discover more　　FINANCE　　Exchange security audit　　Trade Crypto Assets　　The department said Claudes built-in limits and an unresolved contract dispute could make it unreliable for military operations. Anthropic had refused to let Claude power lethal autonomous weapons or mass surveillance of Americans.　　On Friday, the US Court of Appeals for the DC Circuit upheld the label in a 2-1 vote. The dissenting judge argued the law does not treat “a contractors honest and upfront enforcement of restrictions” as grounds for blacklisting.　　A lower court had earlier ruled the other way. District Judge Rita Lin said the governments actions aimed “to make a public example” of Anthropic.　　Is the Feud Over？　　Axios described Sundays dinner as a sign of thawing relations after a difficult year.　　Trump invited Amodei personally

10 hours agoIndustry

Stolen ATOM: 1.23 million held pending Cosmos Hub vote

An attacker moved roughly 1.73 million stolen ATOM from Neutron to the Cosmos Hub during a Sept. 22 governance attack. Hub validators secured 1,227,121.37 ATOM of that flow in an emergency software patch, but the six signers holding it say a separate Hub governance proposal must pass before they release the funds to affected users and protocols.　　That condition, detailed in a Sept. 25 account from Cosmos Labs, separates the emergency action validators took to prevent further outflows from the decision over who should receive the money. The recovery address held 1,227,121.374688 ATOM in a Hub balance query at 15:40 UTC on Sept. 26. The tokens were in custody, while Cosmos Labs said the Neutron response team was still preparing the evidence and distribution plan that would support a return.　　How validators secured the ATOM　　The attack began on Neutron on Sept. 22, when a governance proposal gave the attacker administrative control over contracts used by Astroport and other protocols, according to the Hub maintainers. The attacker moved some of the stolen assets to other networks, including roughly 1.73 million ATOM to the Cosmos Hub. The Hub itself was not exploited; it became the place where part of the stolen balance could still

10 hours agoIndustry

KITE crypto attracts fresh leverage after 12% rally: Is $0.20 within reach？

Kite [KITE] cryptos price surged 12.34% at press time, as AI sector rotation reinforced its outlook, with the expanding trading activity suggesting growing participation behind the rally.　　Notably, this latest price advance emerged alongside improving conditions across the wider altcoin market. Furthermore, the Altcoin Season Index registered a weekly gain of 25%, implying increased capital rotation beyond Bitcoin [BTC].　　Crucially, market participation also expanded rapidly alongside the price advance, with the spot volume jumping 76.43% to $34.6 million.　　Moreover, the rally carried a stronger activity instead of relying solely on thin market conditions. Besides, AI-sector interest also gave buyers an outlook capable of supporting continued focus toward KITE.　　Fresh leverage follows the rally　　The market participants on the derivatives also increased their exposure as KITE advanced its price recovery.　　Notably, KITE‘s Futures volume climbed 64.88% to $48.48 million, as its Open Interest (OI) increased 12.21% to $57.94 million as of writing. These simultaneous expansions suggested fresh leveraged positions entered as investors responded to KITE’s price increase.　　Additionally, the positioning also leaned heavily towards further upside among the Binance‘s top traders. Specifically, the top trader’s Long/Short ratio by positions hit 4.7002, reflecting a significant long exposure.　　Meanwhile, short liquidations, on the other hand, reached $27.48K over 24 hours, compared

10 hours agoIndustry

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