From Kaiko to OpenZeppelin, S&P Global is quietly preparing for markets that never close

S&P Global agreed to acquire smart contract security firm OpenZeppelin, expanding its digital asset business into the technology underpinning tokenized finance.  On Sept. 17, the financial data and ratings company said that OpenZeppelin will continue operating under its own name as a separate business unit. Chief Executive Demian Brener will remain in charge and report to S&P Global Ratings President Yann Le Pallec.  Financial terms were not disclosed, and the transaction remains subject to closing conditions.  The deal gives S&P direct exposure to the security layer behind stablecoins, tokenized funds, and decentralized-finance applications. OpenZeppelins open-source contracts have supported more than $37 trillion in transferred value, while the company has completed more than 900 security engagements and identified over 10,000 vulnerabilities before production.  The acquisition follows a broader push by S&P into digital assets as round-the-clock markets create demand for the data, benchmarks and risk infrastructure needed to support institutional capital on blockchain networks.  S&P adds smart-contract risk to its institutional toolkit  As more financial products move onto blockchains, institutions face an additional layer of risk around the software that issues, transfers and manages those assets.  S&P said OpenZeppelin will expand its capabilities in what it described as the “on-chain technology-risk layer,” including security assessments and benchmarks for

09-18انڈسٹری

WTI drops as Middle East supply fears ease

West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $96.40 per barrel during the Asian hours on Friday. Crude oil prices have declined as concerns over Middle East supply disruptions ease, bolstered by growing hopes for renewed diplomatic efforts to resolve the conflict and restore stable energy flows.  Saudi Arabia is actively working to restore its energy infrastructure, targeting the recovery of roughly half the capacity of its East-West pipeline within days, with a full return to operations anticipated within six weeks. To maintain supply in the interim, the kingdom is rerouting a portion of its crude exports through the Strait of Hormuz. By utilizing shuttle vessels to transport crude through the strait before loading tankers waiting outside, Saudi Arabia is effectively limiting its fleets exposure to potential Iranian attacks.  Diplomatic pressure is also mounting behind the scenes. Reports indicate that China urged Iran to help restrain Houthi militants following an appeal from Riyadh, responding to the rebel groups intensified attacks on Saudi energy facilities. Concurrently, President Donald Trump stated he is evaluating whether to resume military attacks on Iran, speaking ahead of an upcoming meeting with Gulf leaders in New York.  Lower oil and gas prices

09-18انڈسٹری

Revolut says no direct contact from hackers after $3M public ransom demand

Revolut said Thursday it had received no direct contact from those claiming responsibility for a customer data breach despite multiple public ransom demands.  A group calling itself “IAmNotAVillain” publicly demanded 6,000 Monero (XMR), worth about $3 million, from Revolut within 24 hours, threatening to sell the customer records to other criminal groups, the Financial Times reported Wednesday.  “Revolut has not received any direct contact or demand from the individuals or group making these claims,” a Revolut spokesperson told Cointelegraph.  The public ultimatum is the latest development in a data breach Revolut first disclosed last week, with Italian authorities now widening their investigation into how a government email account was allegedly used to obtain customer data.  One breach, multiple ransom demands  Revoluts claim that it has received no direct contact adds to uncertainty over who is behind the public ransom demand, as “IAmNotAVillain” is not the only name linked to claims of responsibility for the incident. Its website, iamnotavillain.xyz, was unavailable when checked by Cointelegraph at the time of publication.  An earlier group calling itself “Revolut Smilik” reportedly demanded 10,000 Bitcoin, worth about $780 million at the time, vastly more than IAmNotAVillains current $3 million Monero demand.  IAmNotAVillain disputed the competing claim in a notice on its website,

09-18انڈسٹری

Kevin OLeary Sees CLARITY Act Returning to Congress in

Veteran investor Kevin OLeary expects Congress to revisit the CLARITY Act next year after the Senate blocked the bill from advancing this week.  Speaking at the Avalanche Summit in New York, O‘Leary said lawmakers could return to the legislation as soon as early 2027. He said he expected Tuesday’s procedural vote to fail, describing the bills chances of passing as “zero.”  Tax Bill Adds Pressure  The Senate needed 60 votes to advance the CLARITY Act, but the measure fell short during Tuesdays vote. The setback came as lawmakers advanced separate crypto tax legislation.  Related: US Opens Door to 100% Tariffs on Russian Oil Buyers; India Pushes Back  The House Ways and Means Committee approved the Digital Asset Tax Certainty Act on Wednesday. The bill would address tax treatment for staking and mining, reporting requirements, small transactions and wash-sale rules.  O‘Leary linked the tax legislation to the broader regulatory debate, saying clearer rules are needed as Congress determines how digital assets should be taxed. “Once you tax, you’ve got to have policy,” he said.  Market Rules Remain Unresolved  OLeary also said Congress would need to clarify the roles of the Securities and Exchange Commission and Commodity Futures Trading Commission in overseeing crypto markets.  The CLARITY Act remains stalled after failing

09-18انڈسٹری

Venice Tokens 15% rally meets record staking - Can VVV reach $30?

As the overall cryptocurrency market reacted to the FOMC rate hikes, Venice Token [VVV] has also reaped the gains. VVV has surged by 15% over the last 24 hours, with trading volume climbing to $67.90 million over the same period.  More interestingly, the token rallied as the networks Open Interest (OI) surged, while long positions slightly outweighed shorts across the derivatives market. So, can the bulls sustain the momentum?  OI rises as longs take the lead  According to the recent derivative data, VVVs OI jumped by 15% to $125 million over the past 24 hours as of writing, signaling increased participation in the derivatives market.  Source: Coinalyze  Going hand in hand, long positions account for 50.58% of total market exposure, giving buyers a narrow edge as the token extends its rally.  Source: CoinalyzeStaking activity reaches a new high  On the long-term sentiments data, Venice Token‘s staking volume has also reached a new all-time high of $874 million, at press time. That points to the stronger participation in VVV’s staking ecosystem.  Meanwhile, network revenue has climbed to its highest level this month as a result of increased market activity, adding another positive fundamental backdrop to the recent price surge.  Notably, the VVV integration with the NEAR protocol could have played

09-18انڈسٹری

North Korea drives onchain malware surge, CoinEx shuts: Asia Express

State hackers drive 420% surge in onchain malware, Chainalysis finds  North Korean and Iran linked hackers were responsible for the majority of the 420% increase this year in malware on public blockchains according to a Chainalysis report.  State-linked hackers accounted for roughly two-thirds of new activity whereby attackers stored malware instructions or infrastructure information on public blockchains.  Chainalysis also identified UNC5342, a North Korea linked group, to previously unattributed activity spanning Tron, Aptos and BNB Smart Chain.  Chainalysis said using public blockchains increases the durability of malware campaigns because the stored information remains accessible after domains, servers or code repositories are taken down. In 2025, North Korean hackers used a similar technique called EtherHiding to place crypto-stealing code in smart contracts.  North Korea using foreign talent to help infiltrate US companies: Report  North Korea (DPRK) is now using remote workers from third countries, including Iran and Lebanon, to pass job interviews, after which the positions are taken over by North Korean operatives. The aim is infiltrate US companies and obtain money to fund its weapons programs, NBC reported.  KOREA  Polymarket users referred to prosecutors in South Korea: Report  South Korean police have referred 18 Polymarket users to prosecutors in an illegal gambling investigation that had identified 26 users in

09-18انڈسٹری

CASHCAT rallies 32% as DeFi utility grows - Is the correction over?

Cash Cat [CASHCAT] is leading the top 200 coins by market cap in terms of daily gains, recording 32% at the time of press. Notably, its trading volume also surged by more than 65%, surpassing $40 million.  The gains have brought the monthly sum to 88%, while the year-to-date (YTD) hit 25.31K%, as per CoinGlass.  Furthermore, the sentiment towards memecoin had dipped, but this could change. There are two key fundamentals that have helped in this shift, reinforcing a potential bottom for the memecoin.  New DeFi utility and memecoin activity returns  As CASHCAT showed signs of recovery after bouncing from the $0.15 zone, its sentiment was quickly shifting. This surge was driven by a new DeFi utility created on Morphos platform on Robinhood Chain.  That is, CASHCAT/USDG with live yield incentives was listed on Api3, a lending market on Morpho, at 62.5% loan-to-value (LTV). This move attracts yield-seeking capital into the memecoin, creating buying pressure. Even from the broader memecoin sector, CASHCAT was benefiting.  The sector‘s trading activity surged after Arc went live. In fact, memecoin launchpads drove over 80% of Arc’s DEX volume on the first day. Launchpads accounted for $336.26 million, while other DEXs drove $74.56, a total of $410 million.  Source: Dune Analytics  The technical

09-18انڈسٹری

Binance Sets September 22 Wallet Upgrade for One Hour

Binance will temporarily pause deposits and withdrawals across its platform on September 22 during a scheduled wallet infrastructure upgrade. The exchange plans to begin the maintenance at 06:00 UTC. Binance expects the upgrade to last about one hour, although services could return sooner if systems stabilize earlier.  Trading will continue normally throughout the maintenance window. Hence, users can still trade their assets while transfers remain temporarily unavailable.  Binance Plans Brief Wallet Maintenance  Binance said the upgrade aims to strengthen its wallet infrastructure and improve the overall service experience. Additionally, deposits and withdrawals will reopen once the exchange confirms system stability. However, Binance will not issue another announcement when transfer services resume.  Users planning transfers around the maintenance window may therefore need to adjust their timing. Consequently, deposits initiated before the pause may require additional time to process.  More Binance Trading Changes Ahead  Besides the wallet upgrade, Binance has announced several changes involving selected trading pairs. The exchange will remove BREV/USDC, COOKIE/USDC, LA/USDC, and QNT/USDC on September 18 at 03:00 UTC.  Binance will also remove five margin pairs later that day. These include ENJ/USDC, GENIUS/USDC, CVX/USDC, GUN/USDC, and VANA/USDC.  Moreover, Binance plans to end all spot trading pairs for Pax Dollar on September 24. Significantly, these changes do not

09-18انڈسٹری

Aave V4s Arc market is swimming in $76 million of USDC nobody is borrowing

Aave V4 went live on the Arc Layer-1 network on Sept. 16 and attracted USDC almost immediately. By Sept. 17, point-in-time Aavescan data showed roughly $76 million supplied, less than $100,000 borrowed, and utilization near 0.1%.  Related Asset USDC USDC · Stablecoin  Suppliers quickly filled the markets initial capacity, but borrowers had put almost none of that liquidity to work.  LlamaRisk responded to the deposit rush by proposing an increase in the Arc Main Spokes USDC add cap from 56 million to 150 million tokens. The balance later moved above the former ceiling, showing that 56 million was no longer binding.  However, the governance post and live market page did not identify the exact replacement setting as executed.  What Arcs full cap actually measured  Aave V4 organizes liquidity through hubs and spokes. A hub holds liquidity, while spokes define how users interact with it. An add cap limits how much of an asset a spoke can supply into its hub.  Aaves technical analysis describes them as the V4 equivalents of supply and borrow caps.  Arcs Main Spoke launched with a 56 million USDC add cap and a 51 million USDC draw cap. LlamaRisk reported that the add cap reached 100% within hours, with 56 million USDC valued at

09-18انڈسٹری

S&P Global to acquire OpenZeppelin in on-chain security expansion

S&P Global (SPGI) has agreed to acquire blockchain security firm OpenZeppelin as the financial data and analytics company expands its on-chain risk assessment capabilities.  S&P Global strengthens focus on blockchain-based markets with OpenZeppelin acquisition  The acquisition, announced Thursday, will bring OpenZeppelin‘s smart contract security services, development tools and open-source libraries into S&P Global’s existing digital asset and risk assessment business.  S&P Global stated that the deal will support its efforts to provide security assessments, benchmarks and intelligence as financial markets increasingly adopt blockchain-based infrastructure.  “Our digital assets strategy centers on bringing trusted data, benchmarks and transparent risk assessment to markets as they move on-chain,” said Yann Le Pallec, President of S&P Global Ratings.  OpenZeppelin, founded in 2015, develops security tools and offers assessments for blockchain protocols and financial institutions. Its OpenZeppelin Contracts library has been used in systems responsible for more than $37 trillion in value transferred, including major stablecoins and tokenized funds.  The company has also completed over 900 security engagements involving protocols and institutions across digital asset markets. Its technology is used by both decentralized finance (DeFi) platforms and traditional financial institutions.  “As digital assets and tokenized markets continue to mature, OpenZeppelins technology and expertise will complement our smart contract and on-chain technology risk assessment

09-18انڈسٹری
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