Crypto Biz: CLARITY Act setback puts Coinbase in the spotlight

The crypto industry spent much of the past two years preparing for regulatory clarity in Washington. This week, one of its biggest legislative priorities hit a major roadblock.  The CLARITY Act failed to advance in the Senate on Tuesday, falling short of the 60 votes needed to bring the bill to the floor for debate. The setback significantly narrows the bills path this year, with the Senate calendar tightening ahead of the Nov. 3 midterm elections.  Strategists say crypto exchanges such as Coinbase may have more at stake than most from the stalled legislation.  Elsewhere, Standard Chartered is betting big on Arbitrum, Bitmine is turning its Ether treasury into a source of staking revenue, and Phemexs CEO says AI has been a “net negative” for crypto.  Coinbase faces greater CLARITY Act fallout, Saxo strategist says  Saxo Bank strategist Ruben Dalfovo said Coinbase has more at stake in the CLARITY Act setback because its trading business is directly exposed to US market-structure rules.  In a Wednesday note following the bill‘s failed procedural vote, Dalfovo said Coinbase is particularly exposed because new rules could determine registration requirements, tradable assets and who can participate on its platform. The setback could also affect other crypto-linked companies, though Dalfovo said their

09-22انڈسٹری

Apple and Google Go Hunting for Crypto Talent, Hint at Stablecoin Push

In briefAn Apple Pay strategy role lists knowledge of stablecoins, tokenized deposits, and blockchain among its preferred qualifications.Google Cloud is recruiting a Web3 architect to work with financial institutions, exchanges, custodians, and blockchain developers across Asia-Pacific.Neither job listing announces a new stablecoin or blockchain product.  As financial firms expand their use of tokenized assets, Apple and Google are recruiting senior employees with expertise in stablecoins, tokenized deposits, and blockchain infrastructure, according to job listings from the companies.  According to the listings, Apple is looking for a New York-based strategist to help shape Apple Pay products, with blockchain knowledge among the preferred qualifications. Google Cloud is seeking a technical leader to advise digital asset customers across Asia-Pacific and influence its Web3 product roadmap.  Myriad: Which company IPOs next? Click to make your prediction.  According to Apple, the role would support Apple Card and Apple Cash, which cover credit cards, peer-to-peer transfers, stored value, and other consumer financial products. The work includes evaluating new product structures, commercial models, partnerships, and growth opportunities across Apples Wallets, Payments, and Commerce organization.  “This role requires a strategic thinker who can blend analytical rigor with a strong business sense, formulate clear and compelling recommendations, and drive projects forward in a fast-paced,

09-22انڈسٹری

USDT on TRON Becomes Most Used Onchain Payment Option on CoinsBee as Stablecoin Spending Grows

CoinsBee payment data shows USDT on TRON recorded nearly twice as many payments as Bitcoin over the past 90 days, while its share of all payments on CoinsBee increased by 64% compared with 2025.  CoinsBee, a global platform that makes it easy to use cryptocurrency for everyday purchases, today announced that USDT (TRC-20) on the TRON network has become the most-used onchain token and network payment option on CoinsBee, according to payment data from the global crypto gift card platform.  Over the 90-day period ending September 1, 2026, USDT on TRON recorded approximately 1.8 times as many payments on CoinsBee as Bitcoin and 1.9 times as many as Ethereum.  Sponsored  Sponsored  Its share of payment activity has also substantially increased. USDT on TRON accounted for 16.23% of all payments on CoinsBee in 2026 to date, compared with 9.92% in 2025. This represents a 64% increase in its share of total payments.  The data provides insight into how cryptocurrency holders use digital assets for everyday retail purchases, in addition to trading and investing. CoinsBee allows customers in more than 180 countries to purchase gift cards, payment cards, gaming credits and mobile top-ups from more than 5,000 global and local brands using over 200 cryptocurrencies.  USDT on TRON is

09-22انڈسٹری

Strategy buys 950 Bitcoin for $75.7M after pause

Strategy has purchased 950 Bitcoin for $75.7 million, taking its holdings to 846,000 BTC after two weeks without buying or selling the asset.  SummaryStrategy acquired 950 BTC at an average price of $79,670 between Sep. 14 and Sep. 20.The company now holds 846,000 BTC purchased for a combined $63.80 billion.Strategy used cash for the Bitcoin purchase and bought back $174 million of STRC shares.No shares were sold through the companys at-the-market programs during the reporting period.  Strategy has added 950 Bitcoin using cash  Strategys Sep. 21 Form 8-K, filed with the U.S. Securities and Exchange Commission, showed that the company bought the Bitcoin between Sep. 14 and Sep. 20.  Including fees and expenses, the purchase cost $75.7 million at an average price of $79,670 per coin. Strategy funded the transaction with its USD Cash balance rather than proceeds from selling MSTR common stock or preferred shares.  Following the acquisition, the Virginia-based company held about 846,000 BTC as of Sep. 20. Its total spending on the position reached $63.80 billion, giving the holdings an average purchase price of about $75,416 per Bitcoin.  You might also like:  Strategy stock gains 47.65%, leads Nasdaq-100  At an assumed Bitcoin price of $85,000, Strategys holdings would be worth roughly $71.91 billion. Market prices

09-22انڈسٹری

'Visit Website and Lose Your Crypto': Ledger Exec Issues Warning About Safari Attack

How the attack worksUpdate your iPhone  Ledger Chief Technology Officer Charles Guillemet has warned cryptocurrency holders about a sophisticated iPhone attack that can compromise a victims device via a malicious page in the Safari browser.  The warning pertains to DarkSword, an iOS exploit chain that is being used in real-world attacks.  The malware can break through layers of Apples security protections before gaining deep access to an iPhone.  Bitcoin Reclaims Key Weekly Level for First Time in 45 Weeks  Zcash (ZEC), Hyperliquid (HYPE), Avalanche (AVAX) and Shiba Inu (SHIB) Price Analysis for September 21: Pivotal Moment for Bullish Market  “In plaintext, you visit a website and lose your crypto,” Guillemet wrote on X.  He urged users who keep cryptocurrency seed phrases or other sensitive wallet information on an iPhone to reconsider that setup, recommending a hardware wallet and, crucially, updating iOS.  You Might Also Like  Google Threat Intelligence Group disclosed DarkSword in March. Multiple threat actors have exploited the vulnerability since at least November 2025.  Researchers identified campaigns targeting users in Saudi Arabia, Turkey, Malaysia, and Ukraine.  The iOS exploit chain can steal sensitive information, including credentials and cryptocurrency wallet data, in a very quick manner.  How the attack works  A normal website opened in Safari does not have any meaningful access to

09-22انڈسٹری

Ethereums Next Move Hinges on Support in Chart Scenario

Ethereum traded near $2,697 after clearing the daily range high of $2,649.89.The chart marks $2,787 as Ethereums next upside buy-side liquidity target.The projected rebound requires support at $2,587–$2,607; a retest is unconfirmed.ETH PRICE AT WRITINGCOMPLETED PRICE MOVEREACTION ZONEUPSIDE TARGETNear $2,787Above September 19 High$2,587–$2,607$2,787  Ethereum moved above the September 19 high and the marked daily range high of $2,649.89, trading near $2,697 at the time of writing. The chart identifies $2,787 as the buy-side liquidity target and outlines a possible retracement into $2,587–$2,607 before another advance.  That sequence remains a projection; the chart does not establish that the retracement or subsequent rally has occurred. ETH recovered from approximately $2,575 and moved above $2,649.89.  The projected continuation depends on a successful test of the highlighted internal reaction zone. The marked daily range low stands at $2,564.33.  Completed Liquidity Event and Higher-Timeframe Context  The supplied analysis identifies Ethereums move through the September 19 high as a completed liquidity event. Price also crossed the marked daily range high during its recovery. Several consecutive bullish candles appeared after the pullback toward $2,575. The latest candle had a smaller size near $2,668 than the preceding candles.  Source: TradingView  These observations set the recovery and the position of price relative to the marked range.

09-22انڈسٹری

Kalshi Faces Wash Trading Allegations Over $539M ETH Perp Volume

Key highlights:A trader has raised concerns about possible wash trading on Kalshis Ethereum perpetual futures contractThe platform recorded $539 million in 24-hour trading volume, with only $3.1 million in open interestBeni noted that the latest fee rebate program for perpetual contracts helps traders make repeated trades  Prediction market platform Kalshi is facing fresh scrutiny over its crypto perpetual futures. After the platforms Ethereum perps recorded an unusually high trading volume, with open interest remaining relatively low, the large gap between the two raised concerns of possible wash trading.  Why is Kalshis ETH perpetual trading activity under scrutiny?  Traders have reportedly highlighted unusual trading activity on Kalshis Ethereum perpetual futures contract. The concerns come as there was a wide gap between the trading volume and open interest. According to traders, such a gap could indicate possible artificial or wash trading activity.  Notably, quantitative analyst and co-founder of Stealth Neolab Beni took to X to highlight the figures for Kalshis ETH perpetual contract (ETH-PERP). “Kalshi fakes their crypto volume, and I can prove it,” stated Beni. According to his post, the contract saw around $539 million in 24-hour trading volume, while the open interest was recorded at merely $3.1 million.  Discover more  Ethereum market analysis  Enterprise blockchain solutions  Secure crypto

09-22انڈسٹری

Fetch.ai Pauses AGIX-FET Swap After Bridge Exploit

Fetch.ai, a founding member of the Artificial Superintelligence Alliance, confirmed on September 20 that the SingularityNET bridge between the Ethereum and Cardano networks had been exploited. In a post on its official X account, the company said the incident was first reported a day earlier and stressed that its own contracts were unaffected. The disclosure arrived as Fetch.ai paused AGIX-to-FET conversions, freezing one of the main routes users take to swap between the two tokens.  The Bridge Was the Target  The attack struck the SingularityNET bridge, infrastructure that lets holders move AGIX, SingularityNET‘s native token, across chains. Fetch.ai was explicit that the problem sits with SingularityNET rather than its own code, writing that “the attack is targeting SingularityNET” while FET “continues to operate normally.” Security trackers placed the initial loss at roughly $1.5 million to $2 million, drawn from the bridge and from NuNet’s NTX token, which slid sharply once the breach became public.  Conversions Paused as a Precaution  Fetch.ai said it halted AGIX-to-FET conversions while the SingularityNET team investigates. The move matters because the conversion contract is the junction between the two ecosystems, and leaving it open risked letting the attacker keep draining value before the root cause was fixed. Fetch.ai framed the

09-22انڈسٹری

Oil: Tightness turning critical – Societe Generale

Societe Generale strategists Michael Haigh and Jeremy Sellem argue that global Oil product markets have shifted from tight to critical. They link East-West pipeline disruptions, Russian outages, elevated freight and low inventories to structurally constrained supply. They highlight exceptionally high refining margins, stressed crude and product balances, and warns that current conditions leave little buffer against further shocks.  Global product balances under strain  “This weeks CCA examines the growing evidence of tightening global oil product markets. We assess the implications of the recent East-West pipeline disruption, worsening Russian refinery outages, and the increasing disconnect between crude oil and diesel markets as exceptional product tightness drives product prices higher. We also explore the sharp rise in freight rates, now up by an order of magnitude of tenfold in some key routes, and how these costs are increasingly feeding through to end-user prices.”  “Finally, through a series of charts, we present the anatomy of product market tightness, showing declining inventories, weaker exports, lower refinery supply, and rising refinery outages, all pointing to an increasingly constrained global market. Refining margins are extremely high reflecting the need for products.”  “Taken together, the charts suggest that product markets remain structurally tight. The persistence of margins well above historical averages

09-22انڈسٹری

Big techs final melt-up is coming before a major crash, strategist warns

Macro strategist Henrik Zeberg has warned that Big Tech stocks may be entering their final powerful rally before a sharp market collapse.  In an X post on September 20, the strategist argued that the technology sector remains in the late stages of a bubble that could eventually unravel dramatically.  According to Zebergs latest analysis of the FAANG-focused U.S. Big Tech Index, the sector is still positioned for another strong advance despite growing concerns about the broader economy.  However, he believes the move higher will mark the final phase of the current bull cycle before a severe correction takes hold.  Discover more  FINANCE  Crypto exchange comparison  Printing & Publishing  Nasdaq chart. Source: Henrik Zeberg  The strategists outlook suggests the Nasdaq 100 could climb to between 37,000 and 39,000 in the coming weeks or months before reversing sharply.  He projects that the index could eventually fall back toward its 2022 lows near 10,600, implying a decline of roughly 70% from the eventual peak.  His analysis indicates the current uptrend remains intact, with the FAANG Index potentially heading for one final rally before a major reversal.  Zebergs outlook also highlights bearish RSI divergences, a signal of weakening momentum despite rising prices.  He maintains that technology stocks can continue advancing in the near term, even as broader

09-22انڈسٹری
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