Latest Crypto News & Market Updates

Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets

Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs.　　Related Asset Bitcoin #1 BTC · $84,481.29 24-hour change: down 1.98% Loading price history… 24H Down 1.98% 7D Up 11.13% 30D Up 7.12%　　The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week.　　Selling intensified after S&P Global released its September flash purchasing managers indexes. Within an hour, $135.8 million of crypto positions were liquidated, according to CoinGlass, with longs accounting for $125.9 million. Bitcoin accounted for $47.4 million of the wipeout, and Ether another $23.9 million.　　Over the past 24 hours, losses total $510 million across 122,256 traders, with long traders losing $363.83 million.　　The reaction reflected how quickly the rate backdrop turned against a market positioned for further upside. The latest economic data showed US growth accelerating as businesses reported renewed cost pressures, strengthening the case for interest rates to remain elevated.　　Hot US growth sends Treasury yields above 5%　　S&P Globals composite PMI climbed to 58.4 in September, its highest level in more than five years, while the services index rose to 58.7 and manufacturing reached 57. All three readings

09-24Industry

Hut 8 Wins $140M Bid for Poolins Texas Data Centers

Hut 8 has emerged as the winning bidder for two Texas data center sites formerly operated by bankrupt crypto miner Poolin. The company offered $140 million in cash and other consideration for the Pyote and Tarbush facilities.　　However, the transaction still requires approval from the U.S. Bankruptcy Court for the District of New Jersey. The court has scheduled a sale hearing for Sept. 29.　　Hut 8 Expands Texas Infrastructure　　The offer significantly exceeds the initial $52 million stalking-horse bids for both properties. Thor CALAP had offered $15 million for Pyote and $37 million for Tarbush.　　Additionally, DigiPower X submitted a $36.5 million backup bid for Pyote. Pecos Industrial Development also proposed $100.5 million for Tarbush.　　Consequently, Hut 8 now stands to add more infrastructure to its expanding data center portfolio. The company has increasingly shifted its focus toward artificial intelligence infrastructure.　　Poolins Bankruptcy Adds Context　　Poolin and two U.S. affiliates sought Chapter 11 protection in July after ending operations at the Texas sites. Court filings showed roughly $173.1 million in obligations.　　Around $163.7 million involved unsecured claims from Poolin Wallet users. The company froze withdrawals in 2022, creating substantial liabilities.　　Moreover, Hut 8 reported an 8.7-gigawatt development pipeline during its second-quarter results. It also secured 949 megawatts of contracted

09-24Industry

Cardano jumps 28% in a week: what stands between ADA and $0.30

Cardano has extended its September rally towards $0.26, leaving $ADA within reach of a Fibonacci target near $0.30 after breaking above its 200-day exponential moving average.　　According to CoinGecko, $ADA was trading near $0.25 on Sept. 23, up roughly 2% over the past 24 hours and 27.7% over seven days, while trading volume stood at roughly $879 million.　　The latest gains follow Cardanos integration with the x402 payment standard, which allows developers to build applications and AI agents that can pay for online services using $ADA and Cardano native tokens.　　The Cardano Foundation announced the integration on Sept. 21, with Cardano now included in the official x402 software kit.　　Originally developed by Coinbase, x402 allows payment instructions to be included directly in internet requests.　　Cardanos implementation has completed an end to end transaction on the networks preproduction environment, although commercial payments at scale have yet to be demonstrated on mainnet.　　Network activity has strengthened alongside $ADAs price gains, providing signs that the latest move has coincided with increased use of the Cardano network.　　According to DeFiLlama data, active Cardano addresses climbed roughly 60% in a day, from around 14,000 to more than 22,000.　　In the meantime, CardanoScope recorded 33,919 transactions on Sept. 21, up 71% from the Sept.

09-24Exchange

IOTA Rival Dropped by Coinbase

Leading U.S. cryptocurrency exchange Coinbase has disabled trading for IoTeX (IOTX), a nascent blockchain project focused on decentralized physical infrastructure.　　Coinbase Markets confirmed that IOTX trading had been switched off after the exchange first announced the suspension in late August.　　“We have disabled trading for IoTeX (IOTX). Your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time,” Coinbase Markets said.　　The exchange has stressed that customers are not losing access to their tokens and can still withdraw them.　　Coinbase had previously said that trading would be suspended on Coinbase.com, including Simple and Advanced Trade, as well as Coinbase Exchange and Coinbase Prime. The decision followed one of its regular token reviews.　　Coinbase has not publicly identified a specific listing requirement that IoTeX failed to meet.　　IOTX was initially added to Coinbase in August 2021 after a major bull run.　　IoTeX has since evolved beyond that original IoT-focused pitch. It started focusing on decentralized physical infrastructure networks (DePIN), artificial intelligence, and machine-to-machine commerce.　　That puts it in direct competition with IOTA, another blockchain project that is focused on making the machine economy more efficient.　　IoTeXs response　　The IoTeX team has attempted to reassure holders after the suspension.　　“For our community:

09-24Exchange

Aerodrome farming made up 90% of USDC transfers, analyst says

Aerodrome liquidity farming has accounted for about $109 billion of the $121 billion in $USDC transfers recorded on Sep. 23, according to an analysis by RyeBlocks.　　On-chain analyst RyeBlocks posted the figures on Sep. 23, describing the Aerodrome activity as “inorganic farming.” The estimate leaves about $12 billion of the reported daily total outside the activity RyeBlocks identified. It does not establish that the remaining amount consisted entirely of payments.　　The analyst also put one-tick farming at roughly 75% of the $USDC transfer volume measured since Aerodrome launched. RyeBlocks linked to a Dune analysis, but the post does not spell out the full scope and filters behind that longer-term figure. It should therefore be treated as the analysts estimate for the measured data, rather than a verified share of every $USDC transfer across all blockchains.　　Why $USDC transfers can outnumber payments　　Aerodrome is a decentralized exchange on Base, the blockchain network developed by Coinbase. Traders use its liquidity pools to swap tokens, while liquidity providers deposit assets that support those trades. Aerodromes documentation says eligible providers can receive AERO token rewards, with allocations to pools determined through weekly voting.　　In one-tick farming, a liquidity provider uses a very narrow price range for a position. As

09-24Exchange

Can Hyperliquid price break $100 as whale buys $36M in HYPE？

Hyperliquid [HYPE] has gained 2.85% in the past 24 hours at press time, with its weekly gains hitting 27%. Notably, the altcoin made a new peak after its price surpassed $97 on the 23rd of September.　　Hyperliquid‘s rally is driven by its continuous buyback and burn program alongside capital inflows from market participants. However, the potential distribution from market makers could cap HYPE’s uptrend.　　HYPE token burns peak as whales position　　To start with, Hyperliquids burn program has tightened supply. To date, over 48.86 million HYPE, worth more than $4.76 billion, have been permanently removed from circulation.　　Additionally, whales were positioning. For instance, a mysterious whale bought another 373,730 HYPE valued at $36 million. This brought the whales total holdings to about 4.7 million tokens worth $400 million in just a month.　　Source: Arkham　　Similarly, Hyperliquid Strategies is not slowing down, having accumulated 33.60 million HYPE worth $3.20 billion. This is equivalent to 15% of the circulating supply and 3% of the total supply.　　Even from a general market outlook, HYPE was still being bought. In fact, on Hyperliquid, its Open Interest (OI) reached an all-time high of $18 billion as the price peaked.　　Hyperliquid price action – Correction or continuation？　　Hence, HYPE was making new highs as its

09-24Industry

Senate Democrats demand public prediction-market hearing after GOP-Kalshi meeting

Every Democrat on the Senate Banking Committee called on Republican Chair Tim Scott on Wednesday to hold a public hearing on prediction markets, the same day committee Republicans met privately with Kalshi CEO Tarek Mansour, according to The Block.　　The dispute comes as prediction markets move well beyond a niche corner of trading. Combined monthly volume on Kalshi and Polymarket more than doubled from about $26 billion in May to $53 billion in July 2026, according to Pew Research Center. Bernstein, meanwhile, is modeling annual activity in the trillions, raising the stakes around who writes the rules and which regulator gets the final say.　　A letter, a roundtable, and a fight over who gets in the room　　All 11 Democratic senators on the panel signed the letter to Scott, led by Ranking Member Elizabeth Warren and Catherine Cortez Masto. The other signers were Jack Reed, Mark Warner, Chris Van Hollen, Tina Smith, Raphael Warnock, Andy Kim, Ruben Gallego, Lisa Blunt Rochester and Angela Alsobrooks, according to the committee release.　　The senators said security-based prediction markets should be examined publicly and on a bipartisan basis. They also raised concerns about consumer protection, insider trading and manipulation.　　Discover more　　Take Economics Courses　　Fintech investment reports　　Bitcoin investment guide　　“It is critical

09-24Industry

Witt Defends Trump Crypto Ethics Terms After Clarity Act

White House crypto adviser Patrick Witt defended President Donald Trumps handling of ethics rules tied to the Clarity Act after the legislation failed to advance in the Senate.　　Witt said Trump accepted significant restrictions on his crypto interests during negotiations, including provisions that could require him to divest certain holdings or place them in a blind trust. The Senate voted 49-50 on Sept. 15 against advancing the bill.　　Ethics Fight Complicates Clarity Act　　Witt said Trump‘s crypto holdings became a central issue in negotiations, adding that Democrats focused heavily on the president’s financial interests while lawmakers worked on the legislation.　　Related: SECs Uyeda Says Dropping Crypto Cases Helps Protect Agency Credibility　　The ethics dispute was one of several issues surrounding the bill. Banking groups also raised concerns about stablecoin provisions, while Witt argued that major banks opposed the rules because stablecoins could compete with traditional deposits and payment services.　　Witt also said the administration was prepared to let states pursue certain federal ethics violations involving the president. He described the proposed concessions as an unusually broad set of restrictions.　　Regulators Continue Crypto Work　　With the Clarity Act stalled, the SEC and CFTC can continue developing crypto rules under their existing authority. Both agencies have pursued regulatory initiatives since

09-24Industry

SpaceXAI Deploys Grok Bot to Handle 175% Surge in Support Tickets

Felix Pinkston　　Sep 22, 2026 18:48　　SpaceXAI uses Grok Bot to scale customer support, avoiding 200 new hires and cutting costs to $0.30 per ticket. Heres how it works.　　SpaceXAI has integrated Grok Bot, xAIs AI-powered support agent, into its customer service operations, enabling the team to manage a 175% increase in support tickets without adding headcount. The move reportedly saved the company from hiring 200 additional staff while reducing ticket resolution costs to as low as $0.30 per interaction, compared to the $1-$4 industry average.　　The decision to deploy Grok Bot followed SpaceXAIs acquisition of Cursor on August 14, an expansion that significantly broadened its product portfolio. Anticipating a surge in user demand, the company rebuilt its support operations around Grok Bot, leveraging its ability to handle everything from ticket resolution to real-time queue management.　　How Grok Bot Delivers Efficiency　　Unlike traditional AI tools that charge per ticket resolved, Grok Bot operates on a usage-based model included in existing plans, making it cost-effective for high-volume operations. By integrating with tools like Plain for ticketing, Linear for issue tracking, and Datadog for backend monitoring, Grok Bot automates the ticket lifecycle. It categorizes issues, creates or updates records for recurring problems, and even reproduces errors with video

09-24Industry

An AI Agent Just Hacked a Government Website for the First Time, Australia PM Says

In briefPrime Minister Anthony Albanese revealed that an OpenAI agent breached Australias Medicare Statistics Reporting Service portal in June, accessing public and non-public files.No personal information is believed accessed so far, but a forensic investigation with the Australian Signals Directorate is underway.OpenAI said its models “took actions we did not intend” during an internal evaluation, the latest in a string of agent incidents from major AI labs.　　An artificial intelligence agent built by OpenAI broke into an Australian government website in June, gaining unauthorized access to both public and non-public files, Prime Minister Anthony Albanese revealed Wednesday, in what appears to be the first known case of an AI agent hacking a government site.　　Speaking to reporters in New York, Albanese said the agent infiltrated the Medicare Statistics Reporting Service portal, a public-facing site administered by Services Australia that holds non-sensitive data such as Medicare spending figures.　　Myriad: Which company IPOs next？ Click to make your prediction.　　He said no personal information is believed to have been accessed so far, though a forensic investigation aided by the Australian Signals Directorate is underway to determine what other government systems may have been affected.　　Albanese said he raised the matter directly with OpenAI CEO Sam Altman. “I

09-24Industry

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