Latest Crypto News & Market Updates

Stablecoin Selloffs Can Accelerate After a Critical Shock

Stablecoins may remain stable through ordinary bouts of bad news, but a severe shock can quickly turn into a much deeper selloff, according to research from Renmin University of China.　　Researchers used large language model agents to study how stablecoins respond when negative information hits the market. Their tests found that selling can remain manageable at first, then accelerate once it reaches a certain level.　　Small price gaps can attract arbitrage traders, who buy the stablecoin and help push it back toward $1. A larger shock can drain available liquidity and keep investors selling, making that process less effective.　　Fear Can Amplify Stablecoin Depegging　　The researchers found that fear, thin liquidity and heavy retail selling can reinforce one another. As more orders pile up on one side of the market, arbitrage traders may become less willing to step in.　　Related: What the Crypto CLARITY Act Means for Traders If It Passes the Senate　　During the strongest shocks, the source of the risk made little difference in the experiments. The severity of the event appeared to matter more than the narrative behind it.　　The March 2023 USDC crisis showed how quickly those pressures can spread. Investors sold the token after concerns emerged over its reserves, while the weekend

09-08Industry

Capital B Buys 376 Bitcoin for $29.4M as Treasury Grows to 3,521 BTC

Key TakeawaysCapital B bought 376 BTC for $29.4M, lifting its bitcoin treasury to 3,521 BTC.Adam Back and TOBAM-backed funding show firms still using equity markets to expand bitcoin treasuries.Investors will watch whether bitcoin gains can close Capital Bs roughly $80M cost-basis gap.　　Capital B Adds Bitcoin After $33.3M Private Placement　　Capital B is doubling down on bitcoin, adding 376 BTC to a corporate treasury that now holds 3,521 BTC.　　The Euronext Growth Paris-listed company spent about $29.4 million (€25.3 million) on the latest purchase, paying an average of roughly $78,025 (€67,182) per bitcoin. The acquisition was funded through recent equity raises.　　Capital B has now spent approximately $359.3 million (€309.4 million) building its bitcoin reserve, at an average acquisition price of about $102,061 (€87,878) per BTC. The latest purchase comes as companies using bitcoin as a treasury asset continue to rely on capital markets to increase their holdings rather than waiting for operating cash flow.　　Discover more　　Distributed & Cloud Computing　　FINANCE　　Digital Currencies　　Adam Back and TOBAM Back Fresh Bitcoin Purchases　　Capital B completed approximately $33.3 million (€28.7 million) of private placements with institutional investors, including Blockstream co-founder Adam Back and asset manager TOBAM. It separately raised about $1.67 million (€1.44 million) through an ATM-style equity program with TOBAM.

09-08Industry

Citi Survey sees Banxico frozen as Peso holds below 18.00

Citi Mexico released its September “Expectations Survey,” in which most private economists expect the Bank of Mexico (Banxico) to hold rates unchanged, while the exchange rate is forecast to end below the 18.00 threshold by the end of 2026.　　The poll showed that most economists expect the main reference rate to be at 6.50% at least until the end of 2027, with the range fluctuating between 6.25% and 6.75%. The USD/MXN is expected to end at 17.50 by the end of the current year, and for the end of 2027, the consensus see the exotic pair at 18.07, down from 18.24.　　Discover more　　Finance　　Digital Currencies　　financial　　Regarding inflation, it is expected to finish at 4% for 2026, while the core component is expected to end at 4% as well, according to the survey.　　Mexicos Gross Domestic Product (GDP) is forecast to end 2026 at 1.3%, up from 1.2% YoY, according to the survey. For 2027, respondents expect the economy to grow by 1.8%, as in the previous survey, with estimates ranging from 1.0% to 2.3%.　　Banxico FAQs　　The Bank of Mexico, also known as Banxico, is the country‘s central bank. Its mission is to preserve the value of Mexico’s currency, the Mexican Peso (MXN), and to set the

09-08Industry

Privacy Sector Emerges as Cryptos Only Gainer Above 2025 High, ZEC Leads With 2,496% Surge

TLDR:Privacy sector up 213% since Bitcoins October high while every other sector remains lower.ZEC surged 2,496%, jumping from rank 82 to rank 7 among all cryptocurrencies by market cap.Privacy sector market cap grew from $7.1B to $33.6B, nearly matching Trons valuation today.Excluding ZEC, the privacy basket still gained 85% yearly, showing broad sector-wide strength.　　The privacy sector has become the only major cryptocurrency category trading above its level from Bitcoins October 2025 high, according to data from Glassnode.　　The privacy sector has climbed 213% since that peak, while every other segment of the market remains below its previous mark.　　Zcash (ZEC) has driven much of this move, gaining 2,496% and climbing from the 82nd largest cryptocurrency to the seventh. The sectors total market capitalization has grown from $7.1 billion to $33.6 billion over the past year.　　Privacy Sector Outpaces Broader Market Decline　　Bitcoin currently trades 36% below its October 2025 high, 335 days after that peak was recorded. The median asset among the top 200 cryptocurrencies sits 58% below its level on that day. Against this backdrop, the privacy sector stands out as the single category that has moved higher rather than lower.　　Discover more　　financial　　News　　Merchant Services & Payment Systems　　Glassnode highlighted this divergence in a recent post

09-08Industry

A seven-year-old blockchain is permanently abandoning its own network to seek refuge on Ethereum

Harmony is proposing to shut down the blockchain it controversially restored through a rollback less than three weeks ago.　　Related Asset Ethereum #2 ETH · $2,484.20 24-hour change: down 1.07% 24H Down 1.07% 7D Up 0.79% 30D Up 29.76%　　The Sept. 6 plan would end Harmony‘s independent network, move ONE to Ethereum, and preserve the token through a snapshot and airdrop, reversing the project’s position from Aug. 17, when it rejected migration as too disruptive.　　Instead, Harmony chose to roll back the chain after an Aug. 11 exploit that allowed attackers to reuse cross-shard receipts and mint tokens without corresponding debits elsewhere.　　The project initially reported 4 billion ONE created in the attack. Its broader reconstruction later put unauthorized issuance at roughly 3.01 trillion ONE across six forged transactions.　　Related Asset Harmony ONE · $0.00071 24-hour change: down 4.24%　　Harmony completed the rollback on Aug. 21, discarding more than 109,000 regular transactions and 315 staking transactions from the affected shard-0 archive, and said the network was operating normally.　　This represents the second major attack the blockchain network has suffered in recent years.　　In June 2022, Harmony‘s Horizon bridge was drained of nearly $100 million in an attack the FBI later attributed to North Korea’s Lazarus Group.　　The exploit marked

09-08Industry

Rocket Pauses Trading After $287K Market Attack

Rocket paused deposits, withdrawals and trading while it investigates a perpetual-market manipulation that removed about $287,000 from its Bridge. In a security update published Sept. 6, the DeFi platform said the attack occurred at approximately 19:00 UTC on Sept. 5 and involved a market that had been dormant.　　The disclosure is Rockets preliminary account, not an independent postmortem. It identifies the trading pattern and the amount withdrawn, but it does not name the attacker, publish transaction hashes or establish whether any funds have been frozen.　　How the dormant market was manipulated　　Rocket said the attacker used a burner account to post orders at artificially inflated prices and then traded against itself. That sequence created what the platform described as fake profit in one account while forcing the disposable account into bankruptcy. The profitable account subsequently withdrew roughly $287,000 in positive profit and loss from the Bridge.　　The account suggests a market-control failure rather than a confirmed smart-contract exploit. Thin or inactive markets can be dangerous when an attacker can influence execution prices and use the resulting position value elsewhere in a platform. Rocket said the loss would be socialized, although it has not yet detailed how that calculation will affect individual users.　　Trading remains paused

09-08Industry

Lululemon Stock Crashed 80%, and Founders are Now Divorcing

Lululemon Athletica (LULU) closed Friday at $100.61, down 17.38% in a single session. That is about 80% below the $511.29 peak it hit in December 2023. Its founder is now in divorce court.　　The Nasdaq-listed sportswear retailer has cut its sales forecast three times this year. Days after the latest cut, reports confirmed founder Chip Wilson is divorcing without a prenuptial agreement.　　Sponsored　　Sponsored　　Lululemon Athletica (LULU) Stock Performance. Source: Yahoo FinanceA Third Guidance Cut Pushed Lululemon to an 8-Year Low　　Guidance is a companys own forecast of what it expects to sell. Lululemon has lowered its 2026 forecast from $11.35 billion in March to $10.35 billion now.　　Second-quarter revenue fell 4% to $2.4 billion. Comparable sales, a measure that counts only stores open for at least a year, dropped 9%.　　Profit looked healthier than the business. Earnings of $2.92 a share included a one-off $134.5 million refund on import tariffs.　　BeInCrypto reported the stocks drop to eight-year lows on September 4. Shares have not recovered, and the company expects third-quarter sales to fall another 10% to 11%.　　Sponsored　　Sponsored　　Why the Founders Divorce Matters to Shareholders　　Wilson and his wife, Shannon “Summer” Wilson, opened a family case in the Supreme Court of British Columbia in April. There is no prenuptial agreement.　　Billionaire

09-08Industry

DBS, Citi Complete Weekend Tokenized Deposit Payment

DBS and Citi have completed the first weekend cross-border USD payment between Singapore and the United States, the banks said in a joint announcement on Sept. 7. The transaction, executed by DBS and Citis New York office on Sept. 5, settled in minutes using tokenised deposits on the Swift Digital Ledger, rather than the up to two business days that cross-border payments typically take.　　“In a global digital economy that never sleeps, businesses need to move money more quickly and efficiently across borders to stay competitive,” said Rachel Chew, DBS group chief operating officer and co-head of digital assets for global transaction services.　　How the weekend payment worked　　The banks moved a live USD payment between Singapore and New York over a weekend, when traditional correspondent banking rails are closed. The payment was recorded on Swifts blockchain-based digital ledger using tokenised deposits, which represent claims on bank money that can be transferred around the clock.　　The settlement expands an effort that has already seen Citi complete live transactions on the network. DBS said the capability removes time-zone and weekend gaps for companies in e-commerce and digital services, letting corporate treasurers move liquidity between entities at a moments notice.　　Why banks are racing to tokenise deposits　　The

09-08Industry

The Canadian Dollar gains as Oil rally offsets jobs gloom

The Loonie gains some traction versus the Greenback, while the latter posts modest losses, as US and Canadian financial markets remain closed in observance of Labour Day. Nevertheless, the USD/CAD edges lower by some 0.15%, trading at 1.3813 at the time of writing.　　USD/CAD slips as Oil strength offsets soft Canadian jobs.　　Last week, employment data in Canada revealed that the economy lost 41.7K workers, while the Unemployment Rate remained steady at 6.4%. This pushed USD/CAD higher as US Nonfarm Payrolls crushed estimates, with Julys print providing a leg-up that has so far been faded.　　Last week‘s unexpectedly strong Nonfarm Payrolls report for August confirmed Fed Chair Kevin Warsh’s statement that the jobs market is “consistent with full employment.”　　Geopolitics are poised to continue to drive price action. The escalation of the US-Iran war increased upward pressure on energy prices, which typically correlate positively with the Canadian Dollar, suggesting further downside for the USD/CAD pair.　　USD/CAD to be influenced by interest rate differentials　　Given the backdrop, the Federal Reserve is expected to raise rates by 25 basis points, according to Prime Terminal data. Odds are at 63% to hike to 3.75% – 4$, while for holding rates, stand near 37%.　　Discover more　　Astrology & Divination　　financial　　Currencies & Foreign Exchange　　Regarding

09-08Industry

South Korean Won: Authorities signal pause in KRW strength – ING

ING‘s Chris Turner reports that USD/KRW rebounded from 1335 after news that Korea’s National Pension Service may halt or reverse its forward-market Dollar selling. Authorities appear comfortable with recent Won gains after a 15% USD/KRW drop since June. ING favours consolidation in both USD/KRW and USD/JPY, seeing reduced Dollar selling in these pairs supporting the broader Dollar tone.　　Won rally seen due for consolidation　　“USD/KRW bounced off the lows today at 1335 after news emerged that Koreas National Pension Service could be halting, if not reversing, its USD/KRW sales in the forward market.”　　“Remember, changes to NPS FX hedging were one of the measures introduced in June to help support the beleaguered won.”　　“Todays news suggests Korean authorities feel that the won has come far enough for the time being.”　　“And certainly the 15% drop in USD/KRW since June has been impressive and matches a similar move seen in 2022.”　　“We tend to favour some consolidation both in USD/JPY and USD/KRW for the time being. And the easing of dollar selling pressure in these two big FX pairs can allow the dollar to find support more broadly.”

09-08Industry

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