Bitcoin hits $85,000 after $648M wipeout forces mass buying

Bitcoin surged above $85,000 as a wave of short liquidations accelerated the cryptocurrencys strongest advance since January.  Related Asset Bitcoin #1 BTC · $86,078.14 24-hour change: up 6.46% Loading price history… 24H Up 6.46% 7D Up 9.87% 30D Up 11.73%  Data from CryptoSlate showed BTC gained more than 5% over the past 24 hours to reach $85,193, extending its advance over the past 35 days to about 29%. The asset had eased to $84,545 as of press time after breaking through levels that had constrained its recovery for much of the year.  The rally caught bearish traders heavily exposed. CoinGlass data showed about $750.5 million of leveraged crypto positions were liquidated over the past 24 hours, with more than $648 million, or roughly 86%, coming from shorts. About 137,386 traders were liquidated during the period.  Related Company CoinGlass Cryptocurrency derivative data analysis platform  Bitcoin accounted for roughly $360 million of the liquidations, while Ethereum contributed nearly $171 million. The largest single liquidation was an $11.29 million BTC-USDT position on Binance.  Related Asset Ethereum ETH · $2,745.36 24-hour change: up 5.44%  The forced unwinding coincided with a sharp increase in aggressive buying across Bitcoin derivatives markets. CryptoQuant data showed net taker volume on Binance jumped from about $11

09-21Industry

Bitcoin Price Taps $85K, But the Coinbase Premium Index Just Went Negative

Bitcoin‘s price broke $85,200 earlier today for the first time in over eight months, yet the Coinbase Premium Index, the market’s favorite gauge of U.S. spot demand, slid back below zero.  Key TakeawaysCryptoquants Coinbase Premium Index read about -0.02 on Sept. 21 as BTC trades near $85,000.Over $260 million in shorts were liquidated within 60 minutes as bitcoin cleared $84,000.Bitcoin ETFs netted just $6.21 million from Sept. 14-18; a sustained positive premium is the next test.  The Number That Didnt Move  BTC has climbed about 6% over the past day and printed an intraday high of $85,248 just as $260+ million in short positions were liquidated in just 60 minutes. That is a sharp turn from the weekend, when Bitcoin.com News described bitcoins price hitting an $82K wall after a $7,000 rebound.  That said, one prominent market gauge didnt join in on the celebration. Onchain analytics firm Cryptoquant flagged that the Coinbase Premium Index had turned negative again, and its chart showed the index at roughly -0.02 with BTC near $81,500. The firm noted:  But from a market-structure perspective, a sustained return to positive territory would make the current BTC recovery more convincing.  But from a market-structure perspective, a sustained return to positive territory would make

09-21Industry

XRP Price Forecast: 10 Weeks of ETF Inflows

XRP is trading at $1.47, up nearly 7% over the past 24 hours, and the latest XRP price forecast now leans more constructive. Behind the rebound, another number keeps stacking up for long-term holders: spot XRP exchange-traded funds (ETFs) are on pace for a 10th consecutive week of net inflows. Whether that streak can revive the $10 target in bull-case forecasts is a separate question, one this piece gets to below.  The inflow data tells a story of persistence rather than momentum. After two weeks of nearly $19 million in combined inflows, the most recent five-day period saw that figure cut roughly in half, yet the streak held.  $5.15 million single-day outflow on Thursday, September 18, the largest since September 2. Still, the fund group finished the week up about $9.6 million, keeping the 10-week green streak intact.  That resilience matters because it‘s happening against a messier regulatory backdrop. The CLARITY Act market structure bill failed a Senate cloture vote on September 20, and XRP dropped roughly 11% intraday on the news. Institutional flows didn’t blink. Retail price action did, but only briefly: XRP has since erased those losses and pushed to fresh weekly highs.  $XRP is pumping: $1.47, up nearly 7% in 24H.

09-21Industry

ECB launches Pontes to settle blockchain transactions in central bank money

The European Central Bank has launched Pontes to settle blockchain based wholesale transactions in central bank money while preparing to invest part of its €23 billion own funds portfolio in digital securities.  SummaryECB has launched Pontes to settle blockchain based transactions using central bank euros.Deutsche Bank, Santander and Clearstream are among the first institutions onboarded to the service.ECB plans to invest a small portion of its €23 billion own funds portfolio in highly rated blockchain based debt securities.  According to the European Central Bank, the new service connects distributed ledger technology platforms used by financial market participants with the Eurosystems TARGET Services, allowing transactions involving tokenized assets to settle in central bank euros.  Deutsche Bank, Santander and securities clearing group Clearstream are among the first institutions to complete onboarding and gain access to the platform. Pontes will initially operate between 8 a.m. and 4 p.m. CET on business days, with the ECB planning to extend its operating hours and functions over time.  The launch puts into operation a project that the central bank has been developing as financial institutions experiment with issuing, trading and settling securities through distributed ledgers. Unlike settlement through privately issued stablecoins or other forms of commercial money, Pontes gives participating

09-21Industry

French family bound for hours as attackers demand €40,000 in crypto

Four masked men have held a family of four captive for more than three hours at their home in northern France and forced the father, an IT worker in the crypto sector, to transfer €40,000 in digital assets.  According to BFMTV, the attackers entered the family home in Vendin-le-Vieil at around 4 a.m. Sunday and restrained the couple and their two children, aged eight and twelve.  The Béthune prosecutors office said the 40-year-old father works as a salaried IT specialist in the digital currency sector. Prosecutors have opened an investigation into unlawful detention and extortion following the attack.  Attackers forced victim to reveal crypto access codes  Once inside the property, the four hooded men bound the family with black tape and searched the house, France Télévisions reported, citing a police source.  The attackers later separated the father from the rest of his family and assaulted him while demanding access to his cryptocurrency. He was forced to “communicate his identification information and codes,” the police source said.  During the ordeal, the couples 12-year-old daughter was struck in the face with car keys, according to a source close to the investigation.  The attackers eventually obtained roughly €40,000, worth approximately $46,000, before leaving the property. The family managed to free

09-21Industry

A Bitcoin Lightning flaw could send a nodes entire balance straight to miners

A flaw in Bitcoin Lightning software Eclair could let malicious peers wipe out a nodes local channel balance through fees.  Related Asset Bitcoin #1 BTC · $86,078.14 24-hour change: up 6.46% Loading price history… 24H Up 6.46% 7D Up 9.87% 30D Up 11.73%  ACINQ released Eclair 0.14.3 on Sept. 14 to patch three peer-triggered vulnerabilities that could cause operators to lose or lock funds during channel closures, splicing, and on-the-fly funding.  The Bitcoin technology company, a contributor to Lightning Network development and maker of Eclair and Phoenix Wallet, strongly recommended operators upgrade because malicious nodes could exploit these issues.  Eclairs patched vulnerabilities  The most direct attack involved cooperative channel closures. When Eclair was responsible for the closing fee, an adversarial peer could propose a charge larger than the victim‘s local balance. Eclair’s fallback negotiation could accept the proposal, eliminate the operators output and effectively send the entire local balance to Bitcoin miners as transaction fees.  The patch now rejects closing-fee proposals above an operators configured maximum. Bitcoin Optech described 0.14.3 as a security release addressing vulnerabilities involving channel closing, splicing and on-the-fly funding.  A second weakness could strand funds during an unfinished splice, a process that changes the transaction funding a Lightning channel without closing it. If

09-21Industry

Hyperliquid launches trailing stops across perpetual markets

Hyperliquid has added trailing stop orders to its perpetual futures markets, giving traders a way to move their trigger price automatically as a position moves in their favor.  According to Hyperliquid, the new order type tracks the mark price after activation and triggers a market order when the price pulls back from its best level by a distance or percentage selected by the trader.  Trailing stops are now available for perp markets.  A trailing stops trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long…  — Hyperliquid (@HyperliquidX) September 21, 2026  For a long position, the trailing stop follows the highest mark price reached after tracking begins. For a short position, it follows the lowest mark price. Traders can set an activation price to determine when tracking starts or leave the field empty to begin tracking immediately from the current mark price.  The feature expands Hyperliquids existing set of conditional order tools as activity across its perpetual futures platform continues to grow.  Hyperliquid trailing stops follow the mark price  Unlike a fixed stop price, Hyperliquids trailing stop adjusts when the market moves

09-21Industry

Why Are Nintendo Switch 2 Fans Putting 20 Cent Bananas in Their Walmart Carts?

Nintendo Switch 2 owners are putting 20 cent bananas in their Walmart carts, because the fruit forces a grocery promo code to work on games. The code takes $10 off.  Walmarts banana listing now shows as unavailable for online shipping. The order itself happens in the app, not in the produce aisle.  Sponsored  Sponsored  How a Grocery Promo Code Slipped Onto Nintendo Switch 2 Games  Nintendo fans are buying 20 cent bananas at Walmart to unlock promo codes that drop the price of Switch 2 games by up to $20  The trick has become so popular that bananas are showing as out of stock at some Walmart locations pic.twitter.com/XyPL19PAGV  — internet hall of fame (@InternetH0F) September 20, 2026  Walmart runs a checkout code that takes $10 off pickup and delivery orders. However, it targets grocery baskets, not games.  Nintendo Switch fans found that Fire Emblem Fortune‘s Weave, Nintendo’s newest strategy game, qualified anyway. Therefore, one banana was enough to make the cart read as produce, and deal forums now call it the banana trick.  The code discounts the whole order, not one product. Any Nintendo Switch 2 game in the cart can therefore ride along, though reports so far name Fire Emblem.  The 20 cent bananas add almost nothing to the

09-21Industry

South Koreas Eugene Investment tests stablecoins for securities settlement

Eugene Investment & Securities has signed an agreement with blockchain company BEATOZ to test stablecoin settlement for tokenized securities subscriptions, targeting an onchain process that covers subscription, payment and settlement.  According to Eugene Investment & Securities, the memorandum of understanding signed on Sept. 21 will initially focus on a proof of concept that applies stablecoins to subscription payments for tokenized securities. The firms will examine whether the payment leg can be moved onto blockchain infrastructure alongside securities records.  Current tokenized securities systems can record ownership and changes in investor rights onchain, while subscription funds continue to move through conventional bank accounts. Eugene and BEATOZ plan to test a structure in which stablecoins handle the payment side so that subscription, payment and settlement can operate through a single blockchain based flow.  Stablecoin settlement could bring payments onchain  Under the agreement, Eugene will contribute its securities operations experience and existing tokenized securities infrastructure, while BEATOZ will provide its hybrid blockchain technology. The companies will jointly review where stablecoins could be used across securities operations before deciding on potential infrastructure connections and subsequent cooperation based on the PoC results.  Eun Seok hoon, head of Eugene Investment & Securities AX innovation division, described the agreement as a “first step”

09-21Industry

Crypto Worker's Children Held Hostage in Latest French ‘Wrench Attack,’ $46,000 Taken

In briefFour masked men broke into a house in Vendin-le-Vieil at around 4am on Sunday and bound a couple and their two children with tape.The father, a salaried IT worker in the crypto sector, was taken to a separate room and forced to hand over his access codes.Some €40,000, about $46,000, was taken. All four suspects are still at large.  Four men broke into a family home in the northern French town of Vendin-le-Vieil in the early hours of Sunday, held a couple and their two children, and forced the father to transfer €40,000 in crypto, BFMTV reported.  The four were hooded, according to the Béthune prosecutors office, and entered at around 4a. They bound the family with black tape and stayed more than three hours, a police source told France Télévisions.  The children are eight and twelve. The father, 40, works as a salaried IT specialist in the digital currency sector, according to the Béthune prosecutors office, which has opened an investigation into unlawful detention and extortion.  Myriad: Clarity Act signed into law in 2026? Click to make your prediction.  The men searched the house, then separated the father and assaulted him, making him “communicate his identification information and codes,” a police source told

09-21Industry
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