US factory costs spike, threatening Bitcoin’s rally above $85,000

US manufacturers reported more widespread input-price increases in September, raising a potential financing risk for Bitcoin if investors respond by expecting higher interest rates ahead of Fridays jobs report.  Related Asset Bitcoin #1 BTC · $84,822.51 24-hour change: up 1.70% Loading price history… 24H Up 1.70% 7D Up 0.31% 30D Up 9.59%  The Institute for Supply Management‘s Oct. 1 release put its manufacturing prices index at 77.9, up 6.8 points from August’s 71.1. The manufacturing PMI registered 54.5, new orders 55.3 and employment 52.7.  For Bitcoin, that combination matters because resilient activity and widening cost pressures could complicate the case for lower interest rates.  The prices gauge measures how widely monthly increases are reported, and its 77.9 reading is not a 77.9% inflation rate. Higher input prices were reported by 58.6% of respondents, compared with 46.2% in August. The diffusion-index method counts higher responses plus half of unchanged responses.  The potential pressure runs through rates  The policy backdrop already includes a completed increase by the Federal Open Market Committee, which raised its target range by a quarter percentage point to 3.75% to 4% on Sept. 16.  In Sept. 29 remarks, New York Fed President John Williams said another upward adjustment might be appropriate late this year if

2 دن پہلےانڈسٹری

Bitcoin fights for local uptrend as US bond yields drop from new 24-year highs

Bitcoin (BTC) pushed above $84,000 around Thursdays Wall Street open as US bond yields retreated after setting more multidecade highs.  Key points:BTC price action seeks to cement higher lows around the first October US trading session, with $84,000 in focus.US bond yields fall at the Wall Street open after the 10-year yield hit its highest levels since April 2002 at 5.342%.Bitcoin is due a “messy” retest of $82,500, says analyst by Rekt Capital.  US bond yields head lower after fresh macro highs  Data from TradingView showed BTC/USD preserving a pattern of higher lows on hourly time frames, up 0.6% on the day.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView  Both the US 30-year and 10-year yields set new macro highs, with the latter reaching 5.342% — a level last seen in April 2002 — before dropping to 5.251% at the time of writing.  US 10-year bond yield one-hour chart. Source: Cointelegraph/TradingView  Discussing the forces behind the ongoing bond-market sell-off, Mahmood Pradhan, former deputy director of the European department at the International Monetary Fund, told the New York Times that markets worldwide were “very nervous” about mounting public debt, with rising yields increasing governments interest costs.  “The Middle East war has really turned everything around,” he said, with higher oil prices

2 دن پہلےانڈسٹری

Evernorth clears shareholder vote ahead of Nasdaq debut with 473M XRP treasury

Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination.  The deal is expected to close on Oct. 7, with shares of the combined company set to begin trading on Nasdaq under the ticker XRPN the following day, subject to remaining closing conditions.  The vote clears a key hurdle after Evernorth filed its Form S-4 registration statement with the US Securities and Exchange Commission in March. The registration statement was declared effective in August, leaving shareholder approval as one of the remaining steps before the Nasdaq listing.  At closing, Evernorth expects to hold about 473 million XRP, which it says would make it the largest publicly traded pure-play XRP treasury company.  According to Thursday‘s announcement, the transaction is expected to raise about $300 million in gross cash proceeds, including $225 million from related private placements, $30 million in convertible note financing and roughly $48 million from Armada II’s trust. Investors have also contributed XRP directly to the transaction.  XRP was trading at about $1.50 at the time of publication, according to CoinGecko data, putting Evernorths expected 473 million-token treasury at roughly $710 million.  Related: Ether, XRP ETF inflow streaks end as

2 دن پہلےانڈسٹری

Zcash Drops 21% From Recent High—Heres Why the Rally May Not Be Over

In briefZcash trades at $1,333.50, down 7.29% on the day and about 21% below its $1,698.00 peak, after climbing roughly 253% from a $480.72 base.Grayscales Zcash ETF recorded a $30.25 million net outflow on Sept. 30, against $268 million in cumulative net inflows since launch.Its a rough stretch, but the charts suggest ZEC still has room to run.  Zcash is having a rough Thursday. ZEC is trading at $1,333.50, down 7.29% on the day, with about three hours left before the daily candle closes.  That puts the privacy coin roughly 21% below the $1,698.00 peak it hit in late September. It also shows how far ZEC had run: the coin climbed about 253% from a $480.72 base to that high.  Myriad: Where does XRP go next? Click to make your prediction.  The wider market isnt offering a lifeline. Bitcoin spiked to $85,600 on Wednesday after softer-than-expected PCE inflation data, then quickly gave it back. The 10-year Treasury yield closed at 5.29%, and the odds of an October Federal Reserve rate hike have fallen from 70% to below 50%, according to CME FedWatch.  Start with the ETF money. Grayscale launched its Zcash ETF, ticker ZCSH, on Aug. 25, and it had attracted $233 million in net

2 دن پہلےانڈسٹری

Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked

NEARs new US ETF is facing its first stress test days after launch as a $3.8 million ecosystem exploit hit the token.  Related Asset NEAR Protocol #17 NEAR · $4.82 24-hour change: down 8.97% Loading price history… 24H Down 8.97% 7D Up 2.31% 30D Up 154.50%  NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure. The selloff came less than two days after Bitwise opened the token to US exchange-traded fund investors through its NEAR ETF, with the ticker NRR.  The fund began trading on NYSE Arca on Sept. 29 and attracted $35.5 million of net inflows on its first day. By Sept. 30, cumulative inflows had risen to over $50 million, while total net assets reached $52.8 million, equivalent to about 0.76% of NEARs market capitalization, according to SoSoValue data.  Related Company Bitwise The first cryptocurrency index fund  That timing gives the newly launched product an unusually early test of investor conviction. The ETF protects buyers from the operational burden of wallets, private keys, and direct staking, but its value still moves with NEAR, leaving shareholders exposed when problems elsewhere in the ecosystem undermine confidence in the token.  A $3.8 million exploit hits NEAR Intents  In an

2 دن پہلےانڈسٹری

African businesses turn to stablecoins to cut payment delays, Kora CEO says

African businesses have increasingly turned to stablecoins over the past five years to address cross-border payment delays, dollar access, and settlement costs, according to Kora CEO Dickson Nsofor.  Dickson Nsofor, CEO of pan-African payment infrastructure platform Kora, told crypto.news that businesses increasingly see stablecoins as a way to resolve payment problems that have complicated trade across African markets.  Drawing on his experience building the company and working with merchants, he identified commercial payments, supplier settlements and cross-border payouts as areas of growing demand. In his account, interest is strongest where businesses face slow transfers, high costs, or difficulty obtaining liquidity.  Stablecoins address supplier payment delays and dollar access  Before founding Kora, Nsofor ran a hardware business in Nigeria, where paying a manufacturer in China could take 10 to 14 days, he recalled. Transfers passed through several correspondent banks, and an error could extend the wait.  For companies trying to trade or expand into another market, he said, receiving and settling money efficiently comes before other financial activity.  “They are solving a practical problem first. Businesses are seeing a way to move and settle value across borders more efficiently, and that creates the foundation for other financial activity.”  According to the payments executive, stablecoins can provide a dollar-based

2 دن پہلےانڈسٹری

Bitgets $388M hack pushes Q3 crypto security losses past $1B

Losses from crypto security incidents climbed to $1.26 billion in the third quarter of 2026, largely driven by the $387.5 million hack of crypto exchange Bitget.  Losses rose 53.9% from $819.4 million in Q2, while the number of security incidents increased about 13% from 219 to 247, according to data from blockchain security company CertiK.  The Bitget hack accounted for about 31% of Q3 losses, making it the quarter‘s largest recorded incident under CertiK’s methodology. Liquid Networks $319 million exploit on Sept. 6 ranked second, followed by Tectonic at $120 million and the $112.7 million Coldcard theft.  Largest crypto industry incidents in Q3 2026 tracked by CertiK. Source: CertiK  CertiK recorded roughly $769 million in losses across 99 security incidents in September. About $273 million was frozen or returned, leaving adjusted losses of $495.3 million. Across 58 incidents, exploits accounted for $734 million, or nearly 96% of the months losses.  Bitget detected unauthorized transfers from some of its hot wallets on Sept. 24 and suspended withdrawals. The company said attackers exploited a vulnerability in a third-party security product to obtain internal credentials and forge withdrawal commands.  Related: SlowMist traces Bitget hack activity to Aug. 31 zero-day exploit

2 دن پہلےانڈسٹری

Heres what happened in crypto today

Today in crypto, New York and Wyoming agreed to coordinate oversight of crypto companies, Binances use of an EU licensing exemption drew regulatory scrutiny and MetaMask began exiting affected Ethereum staking validators while investigating an undisclosed security incident.  New York, Wyoming team up on crypto oversight  Regulators in New York and Wyoming have agreed to coordinate oversight of crypto companies operating across both states, including licensing reviews, examinations and enforcement actions.  The agreement between the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking will allow the regulators to share supervisory information and historical examination data. They also plan to coordinate examination schedules and could conduct joint reviews of firms operating in both jurisdictions.  Crypto companies already regulated in one state could also get a faster path to approval in the other. Firms that have held a license or charter for at least three years without facing enforcement action may qualify for an expedited review, with regulators targeting a decision within six months.  The pact also allows New York and Wyoming to share investigative information and coordinate potential enforcement actions.  The partnership brings together two states with markedly different approaches to crypto. New York has operated its stringent BitLicense regime since

2 دن پہلےانڈسٹری

SEC Proposes Rules to Clear Up How Advisers and Funds Can Hold Crypto

In briefThe SEC proposed a tailored framework for how registered investment advisers and regulated funds can custody crypto, seeking to clarify which arrangements satisfy the “qualified custodian” standard that has long kept firms hesitant to offer digital-asset strategies.The plan would permit self-custody under certain conditions, allow state trust companies to serve as custodians, and update audit and broker-dealer custodial rules.Its the latest in the SECs post-Clarity Act build-out, alongside the innovation exemption and Regulation Crypto Assets.  The Securities and Exchange Commission is moving to settle one of the thorniest questions in institutional crypto: how professional money managers are supposed to hold the assets.  The agency on Wednesday proposed a tailored framework governing how registered investment advisers and regulated funds can custody crypto, aiming to replace years of regulatory ambiguity with a clear compliance path.  Myriad: Who wins the midterm elections? Click to make your prediction.  Advisers are required to keep client assets with “qualified custodians” that meet strict safekeeping standards, but it has long been unclear which crypto arrangements satisfy that bar, leaving many firms hesitant to offer digital-asset strategies at all.  The proposal, issued under the Investment Advisers Act of 1940 and the Investment Company Act of 1940, would ease that bottleneck in several

2 دن پہلےانڈسٹری

Claude AI Predicts ADA: Nine Years of Compression Ends?

Brazils state oil giant is piloting Cardano to verify fuel emissions claims. Separately, Cardano joined the x402 SDK, letting AI agents pay in ADA. Two adoption stories in one week, and ADA has climbed nearly 20%. Claude AI predicts ADA faces a critical test, as the token pushes against a resistance level maintained for nearly nine years. Neither announcement generates immediate token demand.  For now, ADA trades at $0.2468, flat on the day after that weekly run.  Two research projects, both about proving environmental claims rather than moving money. The first covers sustainable aviation fuel. Under the book-and-claim model, airlines can buy the environmental benefit of cleaner fuel even when that fuel is burned elsewhere, which creates a double-counting problem.  Cardano records who owns each benefit and whether it has been claimed. The second track, Diesel R, Petrobrass diesel made partly from vegetable oils and animal fats. Here, the ledger builds a production-to-use history that supports Scope 3 emissions reporting.  Frederik Gregaard, CEO of the Cardano Foundation, framed it as continuity rather than a breakthrough: “Brazil has been one of the most consistent adopters of Cardano. Its great to see Petrobras continue to see value in on-chain provenance.”  The important caveat is scale. Both projects

2 دن پہلےانڈسٹری
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