Latest Crypto News & Market Updates

WikiBit Exchange Exit Scam Risk Ranking #20 — Bitunix: “Easy to Get In, Impossible to Get Out” — Bitunix Users, Can You Still Get Your Money Back?

Introduction: An Exchange With Extreme “Split Personality”　　Over the previous 19 editions, we have investigated a series of crypto exchanges ranging from HashKey to BVOX. For the 20th edition, we are taking on one with an almost extreme “split personality” — Bitunix.　　Its résumé looks like that of a “top student” in the crypto industry:　　“Founded in 2021,” “over 5 million users across 150+ countries,” “ranked 33rd on CMCs derivatives rankings,” “AA rating from CER.live, ranking among the global top 17,” “$116.8 million in reserves with a 108%+ reserve ratio,” “ISO 27001:2022 certification,” “AUSTRAC registration + El Salvador BSP license + U.S. and Canadian MSB registrations,” a “$30 million Bitunix Care Fund,” and “$5 million in insurance.”　　Sounds like the perfect combination of compliance + security + transparency, right？　　But on the other side of the story:　　The Seychelles Financial Services Authority (FSA) publicly named Bitunix in a 2025 warning, stating that the platform was operating without authorization and falsely claiming to hold a Philippine license. Bitunix has no Tier-1 regulatory oversight, and it does not appear on the ESMA CASP register.　　Its Trustpilot score stands at 3.5/5, with users openly calling it a “SCAM” and an “exit scam.”　　WikiBit states that Bitunix currently has no valid crypto-asset

09-08Deep Dive

Bitcoin Bull Market Setup Mirrors 2015, Willy Woo Says as Debate Grows

Key TakeawaysWilly Woo sees parallels between the current market and 2015.Another analyst says his data shows no such decoupling.Different calculation periods can produce sharply different readings.　　Bitcoin-Stock Split Revives the 2015 Comparison　　Bitcoin market analyst Willy Woo argued Sept. 6 that BTCs relationship with stocks had reached its widest divergence in nearly a decade, potentially resembling an early stage of the cycle that culminated in the 2017 bull market. Woo shared a long-term bitcoin-to-S it incorporates months of earlier co-movement that a shorter calculation may exclude.　　Recent Data Show a Shifting Market Relationship　　Broader market conditions provide some support for Woos concern about equity fragility, although they do not establish that the 2015 sequence will repeat. Grayscale recently cited record U.S. household equity exposure and elevated stock valuations in its assessment of equity concentration risk, arguing that concentrated portfolios could become more vulnerable to an equity-market reversal.　　Other correlation measures indicate that bitcoin has recently moved away from technology stocks while drawing closer to gold. Bitwise data showed bitcoin‘s 90-day correlation with gold moving above 0.5, while Glassnode data showed bitcoin’s 30-day correlation with the S&P 500 falling toward zero during the August rally. The changing correlation profile supports the broader decoupling discussion without confirming

09-08Industry

OpenAI's own compute data undercuts its chief scientist's call to slow down AI

This weekend, OpenAI chief scientist Jakub Pachocki said no AI lab, not even his own, had made alignment and monitoring safe enough to keep speeding up model capability.He called for voluntary slowdowns across the industry until shared safety standards exist.　　The warning is serious business. Pachocki leads the research at the company, which just shipped the fastest, most powerful model in the industry.　　o1-previews chain of thought was hidden on purpose　　Pachocki presented his case in an essay titled “An Alien Mind,” posted to the OpenAI website on Sept. 6, three days after the company rolled out GPT-6 Astra.　　His parting line was that “no lab has solved alignment and monitoring to a sufficient degree to continue responsibly scaling at maximum speed for much longer.” He wrote that he hopes voluntary slowdowns become the norm until the industry reaches consensus on common safety bars.　　“This is a time that calls for extreme caution. I am concerned no one is prepared for the consequences of a continued rapid rise in machine intelligence,” Pachocki wrote in the essay.　　On the basis of internal results, he anticipates the current pace will persist into recursive self-improvement, where systems meaningfully drive their own development.　　Discover more　　Deploy Cloud Servers　　Choose POS Systems　　Get Tarot Readings　　Sam

09-08Industry

Arthur Hayes Details FLOP AI Inference Network

Arthur Hayes released a fuller design for FLOP Network, a proposed blockchain where artificial-intelligence agents pay miners for inference and validators settle proofs of the completed work. Hayes pointed readers to the project documentation in a Sept. 7 post, moving the initiative beyond the brief outline he presented in August.　　The project introduction remains explicitly labeled a draft and says it was updated Aug. 27. Its specifications describe intended behavior, not a running network, and the design can change before any launch.　　Agents would buy inference with FLOP　　Under the proposal, an agent sends a session request to the network mempool. The request identifies a model-weight hash, a maximum latency, the computational requirement measured in floating-point operations, a confidentiality setting and the fee offered for the task.　　A miner with suitable hardware accepts the request, runs the inference and returns a proof. Validators then place the proof hash in a block, after which the miner receives the session payment and part of the block reward. The document says ordinary graphics processors could participate, while confidential computing would be an optional service tier.　　Staking would back miner and validator behavior　　FLOPs draft requires miners and validators to stake the network token. Dishonest inference claims or blocks could

09-08Industry

Euro holds gains above 1.1600 on ECB tightening prospects

The EUR/USD pair trades with mild gains around 1.1625 during the early Asian session on Tuesday. The Euro (EUR) strengthens against the US Dollar (USD) amid expectations of a rate hike from the European Central Bank (ECB). Traders await the US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation data later this week.　　The ECB delivered its first hike since 2023 in its June policy meeting to tame surging prices, but then hit pause at its last meeting in July to see how the conflict would develop. The ECB is set to hike its benchmark rate for the second time this year at its policy meeting on Thursday.　　“The ECB governing council looks certain to raise its deposit rate from 2.25 percent to 2.5 percent,” said Andrew Kenningham, chief Europe economist at Capital Economics.　　ECB President Christine Lagarde is expected to give little away at her press conference after the rate call and insist that future decisions will be based on incoming data.　　Across the pond, a stronger-than-expected US jobs report showed 162K job additions in August, pushing Federal Reserve (Fed) rate-hike bets above 60%.　　Additionally, ongoing Middle East tensions, including tit-for-tat strikes between the US and Iran on vessels sailing in the

09-08Industry

Tether-backed crypto exchange freezes withdrawals after $7 million leaves custody

Tether-backed Orionx is shutting down with customer withdrawals frozen after more than $7 million left its custody.　　Related Company Tether Limited Issuer of USDT Stablecoin　　The Chilean crypto exchange said a forensic audit found that customer assets had been transferred to wallets outside its control, prompting it to begin a permanent closure and suspend withdrawals while it determines how much it can return.　　The failure comes less than a year after Tether invested in Orionx in June 2025, following an earlier investment by affiliated exchange Bitfinex in 2023. Tether‘s backing had been intended to support Orionx’s expansion across Latin America.　　Customers now face a less certain outcome. Chile‘s Comisión para el Mercado Financiero said it cannot oversee Orionx’s wind-down or order the exchange to return customer assets, leaving users dependent on the companys restitution process or potential court action.　　Orionx said it froze withdrawals to prevent customers who move first from recovering assets at the expense of those who remain. Its closure tracker is still at the first of five stages, with account reconciliation and approval of a restitution plan required before funds are returned. No repayment date has been disclosed.　　Customers face recovery without a regulatory backstop　　The CMF‘s limited role stems from Orionx’s regulatory status.　　The

09-08Industry

Ripple CEO Sees $11B Dutch Gold Move as an Ideal Crypto Use Case

Key TakeawaysGarlinghouse called the gold relocation an ideal crypto use case.Most of the 86 metric tons were sold in New York and rebought in London.The operation improved access to gold during a potential crisis.　　Garlinghouse Contrasts Gold Logistics With Crypto Transfers　　Ripple CEO Brad Garlinghouse argued on Sept. 4 that a months-long gold operation by De Nederlandsche Bank (DNB), the Dutch central bank, exposed the limitations of traditional financial infrastructure. In a post on social media platform X, he contrasted the process with cryptos capacity to transfer value globally, placing the physical gold market at the center of a broader debate over modern settlement systems.　　“A good reminder on how finance still works today… the Central Bank of Netherlands just spent months moving $11B in gold from New York to London,” Garlinghouse wrote. The operation shifted approximately 86 tons from reserves held in New York and Ottawa to London between March and August. The details appeared in DNBs Sept. 2 statement.　　The Ripple chief executive compared the development of cryptocurrency since 2013 with the methods central banks still use to reposition physical reserves. He said crypto had expanded from a small experiment into a multitrillion-dollar asset class supported by financial infrastructure and market liquidity.　　“In

09-08Industry

Mining 50 BTC for $5.68 Looked Too Expensive 16 Years Ago

A resurfaced Bitcoin forum post from Sept. 7, 2010 shows just how dramatically the economics of mining have changed.　　At the time, one early Bitcoin user calculated that producing a single block on their home computer would cost roughly $5.68 in electricity.　　The block subsidy was then 50 BTC, but the miner described the setup as “a net loser.”　　Mining 50 BTC for $5.68 Looked Too Expensive 16 Years Ago　　XRP Whales Hold $1.40 as Lummis Warns: ‘No CLARITY Now Means 2030’ – Main Crypto News This Morning　　Hindsight is 20/20　　The user, TTBit, said they had connected a Kill-a-Watt electricity meter to their computer and measured power consumption at roughly 140 watts with the monitors switched off.　　Their machine was producing around 2,200 kilohashes per second.　　They estimated that it would take approximately 14 days and two hours to successfully mine one Bitcoin block based on the difficulty.　　That would consume approximately 47.3 kilowatt-hours of electricity. At an electricity rate of 12 cents per kilowatt-hour, the resulting cost worked out to $5.68.　　You Might Also Like　　“It would cost me 47.327 kWh to produce a block; at 12 cents per kWh, thats $5.68 per block, a net loser,” the user wrote.　　Yes, you got this right: the user was actually debating

09-08Industry

Dogecoin Price Rallies 8% As Memecoin Season Shows Signs Of Rebound

Key Insights:Dogecoin price rises 8.56% in seven days as DOGE holds the $0.081 support level.DOGE price shows strength while other major memecoins also post weekly gains.Memecoin season may be returning, but the wider market still needs stronger signs of recovery.　　Dogecoin price is showing fresh strength as memecoin interest starts to return. DOGE has held key support level while traders watch for a wider memecoin season, but the market is still selective and most meme tokens have yet to join the move. That leaves room for caution as this rebound takes shape.　　Dogecoin Price Gains As Meme Tokens Wake Up　　Dogecoin is among the meme tokens showing signs of life as the wider sector looks for a fresh push. Data shown on CoinMarketCap puts DOGE price at about $0.08974, with the token up 8.56% over the past seven days. That makes the recent move more notable at a time when memecoin interest remains weak across the wider altcoin market.　　The same data shows Dogecoin with a market value of about $15.39 billion and 24-hour trading volume near $904.6 million. DOGE was slightly lower over the latest 24-hour period, but its weekly gain stands out. The move also puts Dogecoin ahead of several other large

09-08Industry

Zondacrypto Probe Expands as Fifth Suspect Faces Charges

Polish prosecutors have expanded their investigation into Zondacrypto after charging Roman Ż., a former associate of BitBay founder Sylwester Suszek. Roman Ż. now faces fraud charges and another unspecified offense, making him the fifth person accused in the widening case.　　Authorities detained him over the weekend after investigators raised concerns that he could leave Poland. Prosecutors reportedly plan to seek his pretrial detention as the investigation gathers momentum.　　Investigation Broadens　　The case gained wider attention after Zondacrypto customers reported withdrawal problems in April. More than 3,600 complaints had reached prosecutors by June, while customers estimated potential losses above $94 million. Consequently, investigators began examining allegations of large-scale fraud and money laundering.　　Moreover, prosecutors merged the exchange investigation with Suszeks disappearance case in July. Suszek founded BitBay before the platform later adopted the Zondacrypto name. He disappeared in March 2022, adding another serious dimension to the inquiry.　　New Connections Emerge　　Roman Ż. previously worked closely with Suszek and reportedly helped develop BitBays Katowice headquarters. Additionally, testimony in a tax case identified him as an alleged founding figure behind the exchange.　　The investigation also involves political lobbying and suspected organized crime links. Radosław Piesiewicz, Poland‘s Olympic Committee chairman, faces separate allegations tied to the exchange’s financial troubles. Three other

09-08Industry

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