Latest Crypto News & Market Updates

HashKey Cloud joins Stacks Bitcoin staking launch

HashKey Cloud said on Sept. 7 that it had joined Stacks as a launch partner for self-custodial Bitcoin staking.　　SummaryHashKey Cloud joined Stacks as a Genesis Bond participant and an sBTC signer operator officially.The institutional Genesis Bond is scheduled to launch around September 10, according to Stacks developers.Bonded Bitcoin remains timelocked on Bitcoin while participants pair it with locked STX tokens separately.HashKey Cloud says its staking infrastructure spans more than 40 different blockchain networks globally today.sBTC signers coordinate Bitcoin deposits and withdrawals using a threshold-based approval system collectively onchain today.　　The agreement gives the infrastructure provider two roles: participating in the inaugural Genesis Bond and joining the signer network securing sBTC.　　HashKey Cloud operates under HashKey Holding Limited. Stacks founder Muneeb Ali presented the collaboration during the HashKey Cloud and Cactus Custody “Yield on Trust” event in Hong Kong.　　The company says its node and staking infrastructure covers more than 40 blockchain networks. Stacks reported that HashKey Cloud manages about HK$29 billion in staked assets. These figures come from the companies and were not independently audited for the partnership announcement.　　???? @HashKeyCloud joins @Stacks as a launch partner for user self-custodied #Bitcoin staking, supporting the next phase of Bitcoin infrastructure. https://t.co/7NNzWeTHfO　　— HashKey Group (@HashKeyGroup) September

09-08Industry

Zcash (ZEC) Posts 2 Major Signals: Analyzing Risks of 50% Rally

Although Zcash has continued to soar above $1,200, two technical indicators point to a growing likelihood of a significant correction. ZEC is still structurally bullish, but after its most recent increase, the extreme divergence from its moving averages and waning momentum merit consideration.　　Zcash is back above key levels　　After hitting about $1,250, ZEC is currently trading at about $1,124. Only a few sessions ago, the asset was trading close to $800; at its highest point, the most recent leg alone produced gains of about 50%. RSI is the first to issue a warning. The price of ZEC has reached a significantly higher peak, rising from the August peak of about $880 to more than $1,200.　　ZEC/USDT Chart by TradingView　　However, RSI has not been able to generate a correspondingly higher high. Despite the significantly higher ZEC price, the indicator peaked at a higher level during the August rally and is currently around 74. As a result, there is a bearish RSI divergence as the price keeps hitting new highs while the underlying momentum wanes.　　After near-vertical advances, these divergences become more significant, but they do not always put an end to rallies. ZECs drastic departure from its moving averages is the second signal. Even

09-08Industry

CHFD stablecoin enters testing with 9 Swiss institutions

The CHFD stablecoin entered its formal testing phase on Sept. 8 after Swiss financial market operator SIX and payments provider TWINT joined seven existing participants in the controlled initiative.　　The nine participants are UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, Banque Cantonale Vaudoise, SIX, TWINT and Swiss Stablecoin AG, according to the official announcement.　　They are testing a digital asset designed to maintain a one-to-one value against the Swiss franc. One CHFD is intended to equal one CHF inside the sandbox.　　The project remains experimental. Its members said the testing does not represent a decision to issue CHFD commercially or make it available to the public.　　CHFD stablecoin tests move beyond basic transfers　　The participating institutions will test automated transactions between financial firms and the settlement of tokenized assets. These are established institutional use cases for blockchain-based money.　　A stablecoin could allow a tokenized security and its payment to move through connected digital systems. The objective would be to reduce the delay between the delivery of an asset and receipt of the corresponding funds.　　SIX already operates infrastructure for issuing, trading and settling digital securities. Its digital asset platform supports tokenized securities alongside traditional assets in a regulated post-trade environment.　　More than CHF2 billion in digital securities have

09-08Industry

Spains Bit2Me launches crypto seizure and forensic unit Bit2Shield

Spains largest cryptocurrency exchange Bit2Me has launched a separate company to help courts, police and financial institutions trace, seize, store and liquidate cryptocurrency linked to investigations.　　SummaryBit2Me has launched Bit2Shield to help courts, police and financial institutions trace, seize, store and sell cryptocurrency.Bit2Me processed €1.5 million in seized crypto for Interpol, Europol and Spanish police during 2025.Seized assets will be held in multisignature cold wallets, with sales arranged when ordered by the relevant authorities.Crypto to euro conversions will be handled by Bitcoinforme, Bit2Mes entity authorized under MiCA in Spain.　　According to a statement from Bit2Me, the new unit, Bit2Shield, has been legally registered as CryptoShield S.L. and will provide forensic and operational services covering digital assets from the point they are identified during an investigation through their eventual sale when ordered by authorities.　　The company will assist investigators during searches and seizures by extracting information from wallets, locating cryptocurrency and preparing digitally signed forensic reports that can be submitted in court. Its work will extend to fraud investigations, source-of-funds certification and training for police officers, judges and financial institutions.　　Bit2Shield formalizes services that Bit2Me had already been providing to government agencies. During 2025, the exchange processed €1.5 million ($1.74 million) in seized cryptocurrency for

09-08Industry

Ethereum Foundation Targets Quantum-Resistant L1 for 2029

In a new roadmap published on Sept. 7, the Ethereum Foundations Protocol Cluster said it is targeting a fully quantum-resistant Ethereum layer 1 by December 2029.　　The goal covers all three major parts of Ethereums base layer: execution, consensus, and data.　　The Foundation is preparing for the possibility that sufficiently powerful quantum computers could appear as early as 2030. However, at this point, it seems to be more likely that such a breakthrough will occur further into the future.　　Ethereum developers do not want to wait until the threat becomes imminent.　　“Q-day cannot be scheduled, so we have assigned ourselves a self-imposed deadline,” the Protocol Cluster said.　　The December 2029 target will remain effectively non-negotiable until at least January 2027 (when the Foundation plans to reassess developments).　　Why quantum computers matter　　A sufficiently advanced quantum computer could theoretically break some of the cryptographic schemes that blockchains currently rely on.　　The Foundation is now trying to replace vulnerable systems well before such machines become practical.　　Its roadmap includes post-quantum signature schemes and changes across Ethereums transaction, consensus and data-availability systems.　　Ethereums upcoming Glamsterdam upgrade is currently targeted for December 2026. Under one version of the roadmap, full post-quantum readiness would arrive five hard forks later.　　Another path would bring Ethereum to the

09-08Industry

U.S. court orders seizure of $212K crypto tied to North Korean IT workers

A U.S. federal court has ordered the forfeiture of roughly $212,700 in stablecoins linked to wages earned by North Korean IT workers, giving the Justice Department a partial victory in its attempt to seize more than $7.74 million in digital assets tied to an alleged sanctions evasion network.　　NK News reported on Sept. 7 that U.S. District Judge Rudolph Contreras ruled that funds seized from a crypto wallet beginning with “0x81c4” should be forfeited to the U.S. government. The Sept. 3 ruling granted part of the Justice Departments request for default judgment while rejecting its attempt to immediately take control of other assets included in the case.　　Prosecutors said the wallet received approximately 158,123 USDC from at least 10 addresses used to receive payments for North Korean IT workers and another 54,574 USDT from at least four worker payment addresses. The two dollar-pegged stablecoins had a combined face value of roughly $212,700.　　The government argued that the funds were proceeds of a scheme in which North Korean workers obtained overseas IT jobs, concealed their identities and locations, and routed their earnings through cryptocurrency before money was ultimately sent toward North Korea.　　U.S. court approves $212,700 North Korea crypto forfeiture　　Contreras found that prosecutors had provided

09-08Industry

British man recovers £3.3M in Bitcoin lost for over a decade

A British Bitcoin investor has recovered 61 BTC worth roughly £3.3 million after losing access to the coins for more than 12 years following the collapse of early UK exchange Intersango.　　LBC reported that the investor, identified only as Chris, regained control of the Bitcoin this year after lawyers gathered documents proving that the assets held through the defunct exchange belonged to him.　　Chris originally invested £1,500 in Bitcoin in 2011 after a friend persuaded him to consider the cryptocurrency, which traded at £2.94 per coin when he made his first purchases. His holdings had risen to roughly £4,000 by the time he lost access.　　The recovery returned all 61 BTC to Chris, according to CEL Solicitors, which handled the claim. The firm said he instructed its lawyers in January and the case was settled on May 28, roughly four months later.　　Crypto.news previously reported that the recovered holdings were valued at approximately $4.5 million, turning an investment made during Bitcoins early years into a multimillion-dollar holding.　　Intersango collapse left Bitcoin inaccessible for years　　Chris bought the cryptocurrency through Britcoin, one of the earliest Bitcoin exchanges serving UK customers. The platform later became Intersango and attracted thousands of users during the early years of the cryptocurrency

09-08Industry

Germanys Bitcoin tax fight heats up after AfD election victory

Germany‘s debate over Bitcoin taxation has gained a new political dimension after the Alternative for Germany won nearly 44% of the vote in Saxony-Anhalt, months after the party opposed plans to remove the country’s one-year crypto tax exemption.　　Reuters reported that the AfD secured 39 of the 83 seats in the state parliament, leaving the party three seats short of an outright majority but well ahead of Chancellor Friedrich Merzs Christian Democratic Union.　　The AfD received 43.8% of party-list votes and 44.3% of first votes across 2,661 polling districts. The CDU fell to 17.2% of party-list votes, almost 20 percentage points below its result in the 2021 election, while voter turnout reached 77.8%, up 17.5 percentage points.　　The state election does not give the AfD additional seats in the Bundestag or allow Saxony-Anhalt to change Germanys federal crypto tax rules. It does, however, give the party another political platform while the federal government prepares legislation that could change how long-term cryptocurrency gains are taxed from 2027.　　AfD win strengthens a vocal opponent of Germanys Bitcoin tax plan　　Merz ruled out cooperation with the AfD after the result, telling reporters that the election had shaken the CDU “to its very foundation,” Reuters reported.　　AfD co-leader Tino Chrupalla

09-08Industry

Zcash rally draws criticism from F2Pool co-founder

F2Pool co-founder Chun Wang criticized Zcash on Sept. 8 as ZEC traded near $1,130 following a rally that carried the privacy coin into the cryptocurrency markets top ten.　　Wang, who posts under the name Chun at @satofishi, called the move a “narrative bid.” He argued that Zcashs funding history, optional privacy model, governance disputes and recently disclosed Orchard vulnerability did not justify its valuation.　　His comments are opinions rather than evidence of wrongdoing. Several underlying events are documented, but some of Wang‘s conclusions omit later changes to Zcash’s funding and privacy systems.　　ZEC was trading around $1,130 when this report was prepared, down nearly 7% over 24 hours. CoinMarketCap placed its capitalization near $19 billion and ranked it tenth, while CoinGecko placed it ninth. Rankings can differ because platforms use different supply and asset-classification methods.　　The token remained more than 2,300% higher than one year earlier, according to market data cited in coverage of Zcashs move above $1,000. Its rally accelerated after Grayscale converted its Zcash Trust into a U.S.-listed spot exchange-traded fund in August.　　Six years ago, a Zcash team member wrote me and kept confusing EST and EDT. Communication went nowhere, I banned their entire company.　　Six years later, this is still one of

09-08Industry

Sweden orders six crypto firms to pay $56M in additional taxes

Swedens tax authority has ordered six crypto companies operating in Boden to pay nearly 540 million Swedish kronor (approx. $56 million) in additional taxes after finding that the firms used business structures to obtain tax benefits they were not entitled to.　　SummarySweden has ordered six crypto firms operating in Boden to pay nearly SEK 540 million in additional taxes.The tax agency said some companies concealed crypto mining activity to claim tax benefits they were not entitled to.Nine crypto companies have received tax adjustments totaling more than SEK 500 million between 2024 and 2026.Bikupan Datacenter has challenged its tax assessment and taken the dispute to Swedens Supreme Administrative Court.　　Swedish public broadcaster SVT reported on Sept. 3 that the six companies accounted for most of the latest tax adjustments imposed on crypto businesses following a review by Skatteverket, the Swedish Tax Agency. The authority said some companies had structured their operations in ways that concealed crypto mining activity.　　Patrik Lillqvist, head of intelligence at Skatteverket, said the arrangements were designed to secure tax advantages that would not have been available if the businesses had been classified as crypto miners.　　“The companies that we have inspected often have a special arrangement to conceal that they are

09-08Industry

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