Latest Crypto News & Market Updates

CFTC Sues Cash FX Over Alleged $950M Crypto-Linked Forex

The Commodity Futures Trading Commission sued Cash FX Group and three people over an alleged $950 million foreign-exchange investment scheme that used cryptocurrency. The agency filed the complaint Sept. 25 in federal court in Florida, alleging the operation took money from more than 400,000 customer accounts and caused at least $406 million in losses.　　The CFTC said more than 6,000 U.S. accounts contributed at least $27 million. The complaint names founder Huascar Jose Lopez Castillo, TCP President Ronald Pope and promoter Justin Halladay as defendants.　　Cash FX Allegedly Misrepresented Trading　　Cash FX told participants that 70% of their contributions would go toward foreign-exchange trading, while the remaining 30% would fund an “Academy Program” offering trading education, according to the CFTC.　　Related: U.S. and Australia Raise Fresh AI Safety Concerns — Are Frontier Models Moving Faster Than Oversight？　　The agency alleges that less than 81% of the money collected was used for forex trading. It also claims some payments to earlier participants came from funds contributed by later participants.　　Cash FX also promoted an artificial-intelligence trading system that it said could generate weekly returns of about 10%, the CFTC alleges. The agency claims the system was never operational.　　Crypto Wallets Enter Investigation　　The complaint identifies cryptocurrency wallets that Cash

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Circle Exec Slams Germany's Proposed 50% Crypto Tax Penalty

Key TakeawaysGermany proposed a 50% tax basis on crypto sales if taxpayers lack credible proof of their purchase costs.Circles Patrick Hansen warned this hits everyday investors hard, forcing them to overpay taxes on losses.Experts warn the rule poses severe liquidity risks for transfers from self-custody to German exchanges.　　Circles Patrick Hansen Criticizes German Crypto Tax Reform　　The cryptocurrency tax reform proposed by the Federal Ministry of Finance (BMF) in Germany is worrying industry actors about the effects of some of its considerations for regular cryptocurrency holders.　　Patrick Hansen, Senior Director, EU Strategy & Policy at Circle, the largest MiCA-regulated stablecoin issuer, has rejected the planned 50% substitute assessment basis, which would affect taxpayers who fail to provide credible purchase information for their cryptoassets to the tax agency.　　On social media, Hansen, who had warned about the state of stablecoins under the Markets in Crypto Assets (MiCA) framework, declared that if taxpayers cannot provide this proof, the agency will assume the cryptocurrency purchases were executed after December 31, 2026, with taxes being calculated over 50% of the sales proceeds.　　He warned that this proposal, if passed as is today, will hit the less crypto-savvy retail users hard, and they usually have less technical experience with crypto

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Why Peter Brandt Still Won‘t Call XRP An Investment: ’Useful Doesn‘t Mean Valuable’

Veteran trader Peter Brandt is standing firm on his long-held skepticism about $XRP, even as the token racks up bank partnerships around the world, and his argument comes down to one basic question nobodys answered yet.　　Asked whether growing institutional partnerships have shifted his long-standing view of $XRP, veteran trader Peter Brandt didn‘t budge. His issue isn’t with $XRP‘s utility, it’s with a question he says remains unanswered: what happens to $XRPs supply over time.　　“What‘s the supply of $XRP？ Will we have expansion of the supply？” Brandt asked. “There’s things we dont know about $XRP.”　　Being Useful Isnt The Same As Being Valuable　　Brandt‘s argument centers on a distinction he thinks gets lost in $XRP discussions: transactional usefulness doesn’t automatically translate into investment value. He compared $XRP directly to the US dollar, an asset that‘s used constantly for transactions worldwide, yet nobody buys dollars as a speculative investment because it’s transactional. “Just because something is transactional, that doesnt mean automatically that it must be more valuable,” Brandt said.　　He argued that real value only gets established once a market can clearly identify when an asset is overpriced or underpriced, something he says $XRP hasn‘t demonstrated yet. Bitcoin, in his framing, sidesteps this problem entirely

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Agentic Traders Flock to Grok as Coinbases Top Client

Grok has recently been identified as the leading client for agentic traders on Coinbase, according to a tweet from Brian Armstrong. This development signifies a notable shift in the trading landscape, emphasizing the increasing sophistication of trading strategies in the crypto market. As Groks prominence grows, it will likely influence trader behavior on the Coinbase platform, shaping future market dynamics.　　The Key Development　　The crypto market currently exhibits mixed signals with varying momentum across major assets. In this context, Grok‘s emergence as the leading client for agentic traders on Coinbase is particularly noteworthy. This indicates a growing appetite for sophisticated trading solutions among crypto investors, who may be seeking more advanced strategies to navigate the market. As investors lean toward platforms offering tailored tools, Grok’s position could redefine trading dynamics on Coinbase.　　Key TakeawaysGrok is now the top client for agentic traders on Coinbase. The platform is experiencing a shift in trading strategies. Increased sophistication in trading is evident among crypto investors. Groks rise may influence trader engagement on Coinbase. This development reflects broader trends in the crypto market that warrant attention.　　What the Data Shows　　Currently, Grok shows no reported trading volume on Coinbase, indicating a potential period of consolidation or a focus on

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OG.com seeks CFTC approval for single-stock perpetual futures

OG.com Markets is seeking US regulatory approval to offer perpetual futures tied to individual stocks, as trading platforms push to bring the popular derivatives product to US equity markets.　　In a Thursday filing with the Commodity Futures Trading Commission (CFTC), OG.com proposed new rules allowing it to list cash-settled single-stock futures that never expire and can trade 24 hours a day, five days a week.　　OG.com was recently spun out of crypto exchange Crypto.com as an independent prediction markets and derivatives platform valued at $5 billion. At the time, CEO Kris Marszalek said the platform planned to expand beyond prediction markets into futures and perpetual contracts.　　Shortly after the spin-off, Robinhood took an equity stake in OG.com as part of a multi-year deal to use its CFTC-regulated derivatives exchange and clearinghouse for prediction markets.　　Unlike traditional futures contracts, perpetual futures, or “perps,” have no expiration date, allowing traders to maintain exposure without periodically rolling into new contracts. The product was pioneered in crypto by BitMEX in 2016.　　Perpetual futures push expands into US stocks　　Crypto trading platforms and prediction markets are increasingly looking to bring one of the digital asset markets most popular derivatives products to US stocks, with OG.com joining a growing group seeking regulatory

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CleanSpark Senior Secured Notes Propel Bitcoin Data Center Growth

CleanSpark, Inc. has closed a massive debt deal that puts fresh financial muscle behind its Bitcoin mining and data center ambitions. The Nasdaq-listed company confirmed that its subsidiary, CSDC Finance I, LLC, finalized an offering of $2.276 billionin aggregate principal amount of senior secured notes, one of the largest capital raises tied to a Bitcoin infrastructure firm this year. The transaction, structured through this CleanSpark senior secured notes offering, gives the company a sizable new pool of capital to work with as it continues expanding its footprint in energy-driven data center development.　　Key takeawaysCleanSparks subsidiary CSDC Finance I, LLC closed a $2.276 billion offering of senior secured notes carrying a 7.875% interest rate and maturing in 2031.The notes were not registered under the Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption.CleanSpark says it controls more than 1.8 GW of power, land, and data center assets across the United States.The company frames its strategy around Bitcoin, energy, operational efficiency, and capital stewardship aimed at shareholder returns.CleanSpark points investors to its SEC filings, including its Form 10-K and multiple Form 10-Q reports, for detailed risk disclosures.　　CleanSpark closes $2.276 billion senior secured

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HBAR Price Holds Above $0.09 as Analysts Track a Larger Recovery Setup

Hederas price is holding above $0.09 after another attempt to push through the upper end of its recent range.　　Market data puts HBAR at $0.09281, up 0.99% over 24 hours. The token traded between $0.09115 and $0.09667 during the session.　　HBAR briefly moved toward $0.097 before giving back part of the advance. That places the market back near $0.093, while $0.10 remains the nearest round-number level above price.　　The tokens market capitalization stands at about $4.07 billion, with approximately $150.44 million in reported trading volume. Available supply is listed at 43.83 billion HBAR.　　HBAR Price Pulls Back After Testing $0.09667　　BraveNewCoins intraday data show HBAR spending much of the session around $0.092 before momentum increased later in the day.　　Price climbed through $0.093 and then accelerated toward the $0.09667 daily high. The move failed to hold at that level, and HBAR subsequently slipped back toward $0.093. Source: BraveNewCoin　　That leaves $0.0967 as the first immediate resistance from the current session. Above it, the $0.10 area becomes the next visible psychological level.　　On the downside, $0.09115 marks the latest daily low. A move below that price would return HBAR toward the lower end of its short-term trading structure.　　The wider market picture still shows considerable distance from Hedera‘s historical peak.

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Bitcoin Private Transfers With Shielded Bitcoin Protocol

A new research paper is proposing something Bitcoin has never officially had: a way to send bitcoin without broadcasting who paid whom or how much changed hands. The design, published by researchers at Alloc Init and detailed in a paper titled “Shielded Bitcoin: Private Transfers on Bitcoin L1,” aims to bring Bitcoin private transfersto the networks base layer without a soft fork, without a new blockchain, and without handing custody to any middleman.　　Key takeawaysShielded Bitcoin is a metaprotocol that hides transfer amounts and counterparties on Bitcoin Layer 1, requiring no soft fork or separate blockchain.Transfers rely on encrypted notes, nullifiers and zero-knowledge proofs to stop double-spending while keeping details private.No trusted operator or custodian ever holds users‘ funds; indexers verify transfers but cannot spend anyone’s bitcoin.Read-only keys allow selective disclosure to auditors or counterparties without granting spending power.Entry and exit points, handled through a mechanism called PIPEs, remain observable, which the researchers say could still leak some metadata.　　Introducing Shielded Bitcoin for Private Transfers on Bitcoin Layer 1　　Bitcoins public ledger is both its strength and its weakness. Every transaction is verifiable by anyone, but that same transparency means amounts, timing and wallet links sit in plain view forever. For treasuries, trading

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Dormant whale moves $380M Bitcoin, leaving the sale question unanswered

A Bitcoin address sent 4,499.99987779 BTC to a single destination in a transaction confirmed at 02:30:04 UTC on Sept. 25, 2026.　　Related Asset Bitcoin #1 BTC · $84,109.04 24-hour change: down 0.13% Loading price history… 24H Down 0.13% 7D Up 3.73% 30D Up 7.03%　　The output was still unspent at a 13:33 UTC check, leaving nearly 4,500 BTC visible at one address after the move.　　At Coinbases BTC/USD low and high of $84,152.88 and $84,882.18 during the 02:00-03:00 UTC hour that included confirmation, the Bitcoin output had an estimated value of about $379 million to $382 million. That price window helps size the transfer.　　The transaction spent eight outputs from the source address and created one output at the destination. Its largest input was 4,499.99986261 BTC, received on April 21, 2022. That principal output had not moved for more than four years before the Sept. 25 transaction.　　Related Company Coinbase A leading digital currency company　　The address wasnt completely inactive during that period. Its transaction history shows seven later deposits, each worth only a few hundred satoshis, between Dec. 30, 2024 and Sept. 11, 2026.　　Together they totaled 2,821 satoshis (0.00002821 BTC). The nearly 4,500 BTC principal was long held, while small later Bitcoin payments still reached

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Circle and Tether freeze $318K of Bitget hack funds as $387.5M slips away

On Friday (September 25), Circle and Tether stopped nearly $318,000 in stablecoins related to the hack of the Bitget exchange, but by then most of the $387.5 million stolen in the hack had already left. This shows the usefulness, as well as the limits of asset freezes: they only work until the attackers transfer the money.　　The USDC terms of Circle allow the company to restrict transfers from certain addresses. Tether has also used its own controls when working with authorities. However, neither firm can freeze Ether. After stolen assets are turned into ETH, it will be impossible to freeze it.　　What issuers can and cannot freeze　　Decrypt disclosed that Circle banned an address, denoted “Bitget Exploiter 8” on Etherscan at 05:00 UTC on Friday. Tether included the wallet in its USDT blacklist approximately seven hours later. In total, they froze around 99,990 USDC and 218,023 USDT.　　The wallet still had nearly 170 ETH that could still be accessed. Blockchain trackers cited by Decrypt said other addresses controlled by the same hacker held another 63,000+ ETH. The suspect seemed to act fast, converting tokens that could be frozen into ETH before others could take further action.　　Discover more　　Network Security　　Blockchain consulting services　　Merchant Services & Payment Systems　　Bitget

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