Latest Crypto News & Market Updates

Why Balancer‘s $1.4M hack recovery won’t pay LPs anytime soon

The Balancer V1 recovery proposal would divide 296.401711 ETH returned after an Aug. 31 exploit among liquidity providers in 120 legacy pools, but it does not yet show what any address could claim.　　The proposal says tokens worth about $1.39 million at attack-time prices were drained from the pools. It lists five ETH returns to the Balancer DAO Multisig between Sept. 8 and Sept. 16 from the main greyhat, three anonymous whitehats and block builder Ultrasound.money.　　The 296.401711 ETH is the amount the proposal records as returned, not a promise of full reimbursement. The attack loss is expressed in dollars at historical prices while the recovery pool is denominated in ETH, and the proposal does not state a recovery percentage.　　Related Asset Ethereum ETH · $2,745.36 24-hour change: up 5.44%　　How Balancer would allocate the recovered ETH　　Under the plan, Balancer would first allocate recovered ETH to each pool according to that pool‘s share of the total dollar loss at the time of the attack. It would then divide each pool’s allocation among liquidity providers based on their pool-token holdings at Ethereum block 25,872,248.　　That block immediately preceded the first exploit transaction at block 25,872,249. Using one pre-attack snapshot would cover all 120 pools, including those

09-21Industry

XRP and NEAR Lead Altcoin Squeeze as Crypto Short Sellers Lose $666 Million in 24 Hours

The cryptocurrency derivatives market has recorded its largest wave of forced short-position liquidations in months. According to analytics platform CoinGlass, a sharp rise in prices over the past 24 hours triggered the liquidation of short positions worth a total of $665.81 million.　　Total daily trader losses, including long positions, reached $789.57 million, affecting 117,942 market participants.　　Global cryptocurrency liquidation heatmap showing total market wipeouts, Source: CoinGlass　　Altcoin sellers bore the brunt of the losses. While forced liquidations have historically been concentrated among major cryptocurrencies, the current cycle has seen a broad range of assets join the cascade of stop-order executions, led by XRP, NEAR, and Zcash.　　The excessive accumulation of highly leveraged short positions created the conditions for a classic short squeeze. Once prices reached critical trigger levels, exchanges automated systems began forcibly buying back assets at market prices to cover outstanding obligations, fueling the upward momentum.　　Who suffered the most (and where bears should expect the next blow)　　Daily losses among short sellers were distributed as follows:Large-cap altcoins (XRP, NEAR, ZEC):NEAR led the subgroup, surging 11.51% to $4.06 and triggering $8.88 million in short liquidations. As XRP rallied 7.99% to $1.47 and Zcash (ZEC) gained 6.24% to $1,514.93, sellers lost another $10.04 million and $11.51

09-21Industry

XRP Holders Rushed 663% More Tokens Onto Binance. Almost None of It Got Sold

XRP climbed toward $1.50 on September 21, recovering sharply from lows near $1.27 earlier this month. That price strength arrived alongside a striking spike in exchange activity.　　Average daily XRP inflows into Binance reached 21.7 million tokens, 663% above the quarterly baseline, according to on-chain data.　　Sponsored　　Sponsored　　What Triggered This Sudden Spike in Exchange Flows　　An exchange inflow refers to tokens moving from private wallets into a trading platform, typically signaling either preparation to sell or repositioning for trading purposes. The distinction matters for interpreting XRPs current setup.　　The surge concentrated in just three sessions. Binance recorded 91.2 million tokens on September 11, 44.5 million on September 16, and 41.7 million on September 17, days that overlapped with the failed CLARITY Act vote and the Federal Reserves first rate hike since 2023.　　Crypto prices since Clarity act failed to pass the senate: $BTC: +14% $ETH: +16% $XRP: +18% $SOL: +22% $ADA: +27% $LINK: +22% $AVAX: +59%　　Despite those large deposits, Binances XRP reserves rose just 0.22% to roughly 2.63 billion tokens. Daily outflows averaged 11.6 million tokens over the same period. That pattern points toward elevated two-way turnover rather than sustained one-sided selling pressure.　　Whale wallets added further context. Last week, large holders increased their combined XRP holdings

09-21Industry

Waited for Bitcoin's October Bottom？ Benjamin Cowen Says He Was Wrong

Benjamin Cowen, founder of Into The Cryptoverse, publicly admitted his bearish Bitcoin call failed on Monday, as the cryptocurrency broke decisively above $85,000 and squeezed short sellers.　　The reversal marks a turning point for one of the markets most influential bearish voices this cycle.　　Sponsored　　Sponsored　　A Public Reversal Rooted in Cycle Analysis　　Cycle analysis is a forecasting method that projects Bitcoins trajectory from patterns observed in the previous four-year market periods. Cowen leaned on that framework for months, arguing that history still pointed toward lower prices before any durable recovery.　　Follow us on X to get the latest news as it happens.　　I was wrong　　Not going to make excuses　　I deserve to be dunked on　　On September 8, he assigned a 65% probability that Bitcoins cycle low remained ahead, leaving only a 35% chance the bottom was already in. He repeatedly flagged the realized price near $53,000 as a level that earlier bear markets had tested or undercut.　　His July memo centered on a fourth-quarter bottom, most likely in October, echoing midterm-year patterns from 2014, 2018, and 2022. Some scenarios contemplated the downside of $44,000.　　Even as Bitcoin reclaimed the mid-70,000s, Cowen maintained it was too early to declare the bear market over. He cited historical pullbacks after golden crosses

09-21Industry

Bitcoin Tops $84,000 for the First Time Since January, Liquidating $262 Million in Shorts

Bitcoin (BTC) briefly crossed $84,000 on September 21, its first trip to that level since January 31. The move liquidated $262.30 million of short positions in a single hour, according to CoinGlass.　　The asset changed hands at $83,869 at the time of writing, a gain of 3.18% on the day.　　Follow us on X to get the latest news as it happens　　Bitcoin (BTC) Price Performance. Source: TradingView　　Sponsored　　Sponsored　　Bitcoin Rallies to Eight-Month High, Wiping Out Shorts　　CoinGlass recorded $271.83 million of total liquidations across the crypto market in the hour. Long positions accounted for only $9.53 million of that.　　Bitcoin carried $218.55 million of the hourly figure. Ethereum (ETH) followed with $26.47 million, while Solana (SOL) added $8.92 million.　　The pressure held over longer windows. Liquidations reached $433.67 million over 12 hours and $599.15 million over 24 hours, hitting 127,304 traders. The largest single order was a Binance Bitcoin perpetual worth $11.29 million.　　Crypto Liquidations. Source: CoinGlass　　The rally reached the wider market. XRP rose 7.04% over 24 hours, and Solana gained 6.67%, while Zcash (ZEC) led the top 10 with a 33.50% weekly gain.　　The milestone came after Bitcoin recorded its first weekly close above a 50-week moving average in 45 weeks. The asset ended the week of September

09-21Industry

Local Opposition Stalls $68 Billion in US Data Center Projects

Data center opposition blocked or delayed 45 US projects worth $68 billion between April and June, according to research group Data Center Watch. 　　Public sentiment keeps souring, and statehouses are catching up with moratoriums on new construction and tighter rules.　　Sponsored　　Sponsored　　30 Statehouses Move on Data Center Rules　　Some 30 statehouses introduced or adopted measures covering siting, electricity, and water issues, Watch said. Communities increasingly move before developers can file for permits.　　The pace of disruption has eased since the start of the year. The firm recorded 75 blocked or delayed projects worth roughly $130 billion between January and March.　　Even so, the 45 projects made up more than half of all new large-scale developments tracked during the quarter. That squeeze has turned Bitcoin miners into unlikely landlords, because their already-permitted power sites are some of the few places an artificial intelligence (AI) developer can plug in without waiting years for a grid connection.　　Notably, active opposition groups now number 843 across 49 states, with Hawaii the only exception. Online organizing is amplifying the pressure. One Tennessee petition drew more than 500,000 signatures on Change.org.　　Amazon data centers consumed 2.5 billion gallons of water in a single year. That volume is sufficient to fill roughly 3800 Olympic

09-21Industry

Is the M&A Boom Real？ BCG Says Yes at the Top, Not Below $1 Billion

Global mergers and acquisitions (M&A) value ran 11% above its 10-year average in the first eight months of 2026, according to Boston Consulting Group (BCG).　　The gains sit almost entirely at the top of the market. Deal volumes below $1 billion remain under longer-term norms.　　Sponsored　　Sponsored　　Megadeals Clear a Record Set in 2021　　Aggregate deal value rose 15% year over year through August, BCG said. Deal value reached $2.09 trillion between January and August, up from $1.82 trillion a year earlier.　　Global M&A Value and Deal Volume in the First 8 Months of 2026. Source: BCG　　Follow us on X to get the latest news as it happens　　Transactions worth $10 billion or more climbed to 37, up from 24 a year earlier. That count cleared the 32 megadeals announced over the same period in 2021.　　Total deal value has not caught up, however. The 2021 figure reached $2.91 trillion across those eight months, leaving 2026 about 28% lower despite the higher megadeal count.　　Sponsored　　Sponsored　　Meanwhile, 27 of this years megadeals involved a US buyer, a US target, or both. Deals between $250 million and $1 billion stayed below average. Transactions under $250 million did too, and those counts exclude inflation.　　“Deal volumes in these segments remain below their longer-term averages,

09-21Industry

ZWTC 2026 Squad Competition Opens With Prize Pool Up To 2.5 Million USDT

Zoomex, a global cryptocurrency trading platform focused on derivatives, has opened regular registration for the ZWTC 2026 Squad Competition, moving its annual trading championship from the launch phase into active team formation.　　Traders can now select and join participating squads, with regular registration remaining open until October 3, 2026, at 10:00 UTC. Captain registration will close on September 21 at 10:00 UTC, when the official Squad Competition begins. The competition will run until October 11 at 10:00 UTC.　　The Squad Competition carries a prize pool of up to 2,500,000 USDT, accounting for half of the maximum 5,000,000 USDT prize pool announced for ZWTC 2026. Rather than using a single ranking to determine team performance, the competition divides rewards across three categories:Up to 1,500,000 USDTfor the Squad Profit Rate rankingUp to 700,000 USDTfor the Squad Trading Volume rankingUp to 300,000 USDTfor the Squad Popularity category　　Sponsored　　Sponsored　　The three-part structure gives squads different ways to compete, whether through trading results, sustained eligible trading activity, or their ability to build an active community around the competition.　　Three Rankings, Three Ways for Squads to Compete　　The Squad Profit Rate rankingplaces trading performance at the center of the competition. Participating squads will be ranked according to the profit-rate calculation and eligibility

09-21Industry

Zoomex to Host Traders After Party During TOKEN2049 Singapore, Connecting Traders and the Web3 Community

Global cryptocurrency derivatives platform Zoomex will host the “ZOOMEX TRADERS AFTER PARTY @ TOKEN2049 SINGAPORE” on October 7, 2026, at the Echo Live Party in Singapore. 　　Organized as an official side event during TOKEN2049 Singapore, the gathering invites traders, Web3 founders, creators, and partners to connect beyond the main conference floor, exchange market insights, and expand their industry networks. (Luma)　　Centering on the theme “CRYPTO TRADING · WEB3 · LIVE MUSIC · NETWORKING,” the event seamlessly blends market discussions with an elevated party experience. Guests can engage directly with industry KOLs and the Zoomex team, participate in special guest Q Final entry details and agenda are subject to the official event listing. (Luma)　　About Zoomex　　Founded in 2021, Zoomex is a global cryptocurrency trading platform focused on derivatives trading. The platform serves over 3 million users across 35+ countries and regions, offering access to 590+ trading pairs. Built around easy to use, transparency, fairness, and speed, Zoomex provides a clear and efficient trading experience for users worldwide.　　Through its high-performance matching engine, clear asset and order displays, and transparent fee and rule mechanisms, Zoomex helps users better understand their account status, order execution, trading costs, and results. Zoomex maintains registrations, licenses, and regulatory statuses

09-21Industry

Why truly decentralized DeFi needs no legal exemption according to SEC Commissioner Hester Peirce

SEC Commissioner Hester Peirce drew a sharp line around decentralized finance on Sept. 17. She said investors need no exemption to use permissionless smart contracts for peer-to-peer trading. The SEC and CFTC actions examined here set separate limits on intermediary control.　　Related Person Hester Peirce Commissioner · U.S. SEC　　The unresolved question is how much control a software provider can retain before it begins to resemble a regulated intermediary.　　Peirce‘s statement expressed her own position. A binding definition from the US Securities and Exchange Commission would require Commission action. The SEC’s tokenized-securities order and a separate staff statement leave her phrase “truly decentralized” undefined. Their specific provisions focus on custody, access, software parameters, fees, recommendations, routing and execution.　　Each action operates under a different statute and carries a different legal effect. Together, they show how federal regulators are examining the authority that identifiable providers retain. A unified federal decentralization test remains absent.　　The SEC traces control from the market to the frontend　　The SECs Sept. 17 tokenized-securities order is an order of the Commission. It creates temporary, conditional relief for a defined Tokenized Securities Venue, or TSV, using automated market maker pools for permissioned trading in Tokenized NMS Stocks.　　A TSV under the order performs two functions:

09-21Industry

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