Canadian Dollar languishes as bullish USD caps oil gains before Fed

The USD/CAD pair retains its positive bias for the sixth straight day, trading near the 1.3930 area, a two-week high during the Asian session on Wednesday amid a bullish US Dollar (USD). Spot prices await a breakout through the 100-day Simple Moving Average (SMA) before the next leg up as the focus remains on the outcome of a two-day FOMC policy meeting.  The US Federal Reserve (Fed) is scheduled to announce its decision later today and is widely expected to raise interest rates by 25 basis points (bps) at the end of the September 15–16 meeting. Investors will further scrutinize updated economic projections, which include the so-called dot plot, and Fed Chair Kevin Warshs comments during the post-meeting press conference for more cues about the future policy path. The outlook, in turn, will play a key role in influencing the near-term USD price dynamics and provide some meaningful impetus to the USD/CAD pair.  Heading into the key central bank event, the growing acceptance that the US central bank would stick to its hawkish stance amid oil-driven inflation risks remains supportive of surging US bond yields. Apart from this, escalating Middle East tensions help the safe-haven Greenback stand firm near a two-week high.

09-16انڈسٹری

$420 mln vanished: How Poland's Venezuelan oil deal exposed USDT loopholes

Polands state-controlled oil refiner Orlen is making headlines, but not for the right reasons.  According to the Financial Times report, the Polish oil company paid hundreds of millions of dollars in advance for Venezuelan oil. But the oil was never delivered, and the money eventually was not recovered.  Dubai-based intermediaries took things down the hill  For background, the state-controlled oil refiner operates through various subsidiaries, including Orlen Trading Switzerland. In late 2023 and early 2024, the subsidiary was trying to buy Venezuelan crude oil.  At that time, there was a temporary change in U.S. sanctions policy that allowed certain transactions involving Venezuelan oil.  Hence, instead of buying the crude directly from Venezuela, Orlen Trading Switzerland dealt with two Dubai-based intermediaries. For this, they reportedly converted their money into USDT and moved through Dubai-based intermediaries.  USDT payments spoiled the broth  So, all this happened wherein more than $132 million in USDT was allegedly transferred through physical USB drives. Meanwhile, one $135 million conversion reportedly resulted in only $85 million, leaving a $50 million shortfall tied up in a UAE court.  And then came the tankers Orlen had chartered that waited without receiving oil, adding around $72 million in shipping costs. In these payment series, one company, Hannon International Middle

09-16انڈسٹری

Japanese Yen flatlines ahead of Fed rate decicion

The USD/JPY pair holds steady near 155.25 during the early Asian session on Wednesday. Traders prefer to wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday. On Friday, attention will shift to the Bank of Japan (BoJ) interest rate decision.  Fridays US inflation report showed that prices remain stubbornly high and core inflation, which excludes volatile food and energy, picked up in August from the previous month. Hotter US inflation data released last week bolstered expectations that the Fed would raise interest rates. The US central bank is widely expected to lift its short-term interest rate by Wednesday for the first time in three years to fight stubbornly high inflation.  Traders will closely monitor Fed Chairman Kevin Warshs press conference after the rate decision, as it may offer hints about the US interest rate outlook. Hawkish remarks from Fed policymakers could lift the USD against the JPY in the near term.  The BoJ is likely to raise its key policy interest rate by a quarter point to 1.25% from 1.00% at its September meeting on Friday. This would bring the highest borrowing costs for Japan since April 1995. Traders will keep an eye on BoJ

09-16انڈسٹری

Congress wants to make crypto easier to use and still collect $500 million more in taxes

A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees.  The House Ways and Means Committee is scheduled to consider H.R. 10357, the Digital Asset Tax Certainty Act, on Sept. 16, putting a broad rewrite of digital-asset taxation before lawmakers after months of negotiations over how closely crypto should be treated like traditional financial assets.  The Joint Committee on Taxation estimates the legislation would increase federal receipts by about $500 million net from fiscal 2027 through 2036, after accounting for provisions that both raise and reduce government revenue.  The package includes rules covering stablecoins, transaction fees, trading losses, digital-asset lending, staking and past tax violations.  That fiscal outcome reflects the bills central trade-off. Lawmakers would remove some tax friction that makes routine crypto activity cumbersome while extending securities-style rules to traders that could generate billions of dollars in additional receipts.  Speaking on the legislation, Andrew Gordon, a crypto tax lawyer, said:  “This is a massive step forward for crypto investors who simply want rules on tax. We all pay taxes, the rules need to be clear.”  Stablecoin relief comes with a cost  Qualifying US dollar stablecoins would receive special treatment to prevent minor movements around their $1 peg

09-16انڈسٹری

Long-Term Bitcoin Holders Just Stopped Selling After a 260,000 BTC Dump

Bitcoin (BTC) trades near $76,300 after a 3% daily slip. Long-term holders spent August selling into strength, and that selling has now almost stopped.  That handover left a mark. Coins leaving long-term wallets went to newer buyers, and one level now decides whether they stay in profit.  Sponsored  Sponsored  Long-Term Holders Sold Harder Than at the Cycle Top  Glassnode data shows long-term holder net position change turning sharply negative in mid-August. The wave reached roughly 260,000 BTC, the deepest level since January 2025.  The same group was previously buying Bitcoin between March and June.  During the late 2025 all-time high, around 170,000 BTC were sold by these long-term holders. So, it looks like they sold more Bitcoin in August, near the $80,000 price mark, compared to when it was $122,000.  This shows how much potential profit many long-term holders missed out on.  Bitcoin long-term holder net position change. Source: Glassnode  However, it looks like the selling has stopped dramatically toward September.  Sponsored  Sponsored  Short-Term Holders Flipped Into Profit, For a Moment  CryptoQuant data shows who absorbed those coins. Short-term holder (STH) supply in loss had dominated for nine months, peaking above $600 billion.  August reversed that. Supply-side profit jumped to roughly $260 billion, while losses collapsed toward zero.  However, the flip is already under pressure. Profit

09-16انڈسٹری

Robinhood Engineers Charged in Hyperliquid Insider Trading Case

Two former Robinhood engineers were charged with fraud on Tuesday in a Hyperliquid insider trading case, accused of buying futures contracts before their employer announced new token listings.  Hefu Chai, 36, and Huaisong Xiang, 30, each face one count of violating the Commodity Exchange Act and one count of wire fraud. Prosecutors say the pair made more than $50,000 apiece.  “Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with the investigations,” a Robinhood spokesperson told BeInCrypto.  Follow us on Xto get the latest news as it happens  Sponsored  Sponsored  How the Alleged Trades Worked  Hyperliquid runs a decentralized exchange built around perpetual futures. These are leveraged bets on a tokens price that never expire, so a trader can hold the position indefinitely.  The U.S. Attorneys Office for the Southern District of New York says the two engineers traded between 2025 and 2026. They knew which tokens Robinhood Crypto planned to list, then bought futures on those tokens first.  A listing on a large broker usually lifts a tokens price. Selling into that move

09-16انڈسٹری

SEC Faces Setback as CLARITY Act Fails to Progress in Senate

The SEC faces a significant challenge as the CLARITY Act did not advance in the Senate today, a setback highlighted by Coinbase CEO Brian Armstrong. He expressed disappointment but remains optimistic about the SEC and CFTCs existing tools to establish clearer rules. This development emphasizes the urgency for comprehensive regulations in the crypto space, which should continue to evolve regardless of congressional stagnation.  What Went Down  The broader crypto market is reflecting mixed signals amid this backdrop of regulatory uncertainty. The SEC and CFTC have previously suggested they have the authority to implement necessary rules without the CLARITY Act, which aimed to create more structured guidelines. As the regulatory landscape develops, stakeholders will be closely monitoring how these agencies leverage their existing powers to provide clarity to the crypto environment.  What We KnowThe CLARITY Act did not advance in the Senate as of September 15, 2026. Brian Armstrong emphasizes the need for regulatory clarity. The SEC and CFTC are expected to act under existing authorities. Future regulatory frameworks may emerge without congressional approval. The current situation highlights the urgency for clear crypto regulations.  By the Numbers  Currently, market activity shows a standstill with no reported volume or significant price changes. The lack of movement reflects

09-16

SpaceX to decide Starship's orbit mid-flight on Flight 14

SpaceX is planning its first orbital attempt with Starship on Flight 14.The company said in a September 15 update that the rocket pushes for orbit only if it passes a health check partway through the flight.  Orbit is the gate SpaceX must pass before Starship can carry its bigger V3 satellites and conduct in-space refueling tests.  More than 500 sensors feed the abort call  First, the plan keeps Starship on a well-known path. The upper stage will trace the same passively safe, suborbital arc to the Indian Ocean after the ascent burn that SpaceX used on previous tests, the companys update said.  Flight controllers get their decision point in the next coast. They clear the vehicle to proceed or let it fall back and splash down.  If the vehicle is good, one Raptor sea-level engine fires a circularization burn to place Starship into orbit.  SpaceX describes the flight profile as a deliberate staging approach that keeps an ocean splashdown option open at several pre-set points, rather than committing to orbit the moment the engines cut off.  A deorbit burn on that same engine ends a nominal mission. The spacecraft can either splash down in the ocean or return to the launch site to be caught and reused.  The

09-16انڈسٹری

Four Republicans vote against the CLARITY Act as cloture fails 49-50

The Senate did not advance the Digital Asset Market Clarity Act on Tuesday, rejecting cloture on the motion to proceed by a vote of 49 to 50.  The measure needed 60 votes to overcome a procedural hurdle and fell 11 votes short.  Collins, Hawley, Moran, and Tillis broke with their party  Every yes vote came from a Republican. Four Republicans broke with their party to vote no: Maine‘s Susan Collins, Missouri’s Josh Hawley, Kansas‘s Jerry Moran, and North Carolina’s Thom Tillis.  No Democrat or independent supported the motion. Delawares Chris Coons did not cast a vote.  The vote came at 2:19 p.m. ET, recorded as Roll Call 234. A motion to proceed asks one question only: whether the Senate takes a bill up at all.  H.R. 3633 never cleared that step. No amendments, no vote on passage.  The bill would specify how oversight of digital commodities would be divided between the Securities and Exchange Commission and the Commodity Futures Trading Commission.  It would also prohibit Federal Reserve banks from offering products directly to individuals and prevent the use of a central bank digital currency in monetary policy.  Bitcoin funds took $160.04 million on Monday  Crypto funds had spent the previous session taking in money across every major category. Bitcoin funds

09-16انڈسٹری

New Zealand Dollar slides ahead of Feds decision

NZD/USD trades close to the 0.5760s, extending a run of losses that has dragged it toward the lower end of its recent range. A broadly firmer US Dollar (USD) is behind the slide, with the greenback supported by climbing United States (US) yields and rate-hike expectations.  Markets are expecting the Federal Reserve (Fed) to raise rates on Wednesday, with investors leaning toward a 25 basis points (bps) hike to 3.75%-4.00%, and the risk-off tone has weighed on growth-sensitive currencies like the New Zealand Dollar (NZD). On another note, the 10-year US Treasury yield has climbed to its highest level since 2007, topping 5%, as a more than 3% jump in oil revived inflation worries.  New Zealands Q2 Gross Domestic Product is due late on Wednesday, with growth expected to slow sharply to 0.1% on the quarter from 0.8%.  Short-term technical analysis:  On the 4-hour chart, NZD/USD trades at 0.5757. The pair remains under clear downside pressure as it trades below both the 20-period and 100-period Simple Moving Averages (SMAs), which now cap the upside around 0.5787 and 0.5877 respectively. The Relative Strength Index (RSI) hovers near 30, hinting at stretched but persistent bearish momentum rather than a confirmed reversal.  On the topside, initial resistance is

09-16انڈسٹری
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