U.S. Treasury sanctions widespread cyber-scam hub Xinbi Guarantee
The U.S. Treasury has sanctioned Xinbi Guarantee, a Chinese-language platform accused of operating through crypto transactions while providing services to other criminal networks.

The U.S. Treasury has sanctioned Xinbi Guarantee, a Chinese-language platform accused of operating through crypto transactions while providing services to other criminal networks.

USDT issuer Tether is moving into private credit through a $400 million fund with Fasanara. It will help identify lending opportunities and provide stablecoin payment infrastructure for Fasanara’s private credit network.


Tether and Fasanara have launched a $400 million fund for stablecoin-enabled private credit. The firms are seeking up to $3 billion from institutional investors to deploy through Fasanara’s global fintech lending network.
Bitcoin mining-equipment maker Canaan reported second-quarter revenue below guidance and a $97.6 million net loss. After quarter-end, it sold 3,952 ETH and 54 BTC for about $13.9 million, using part of the proceeds to repurchase shares.

Bitcoin is holding above $78,000 as Brent crude moves past $100 and Treasury yields rise, reviving inflation concerns. Talos says Bitcoin’s correlation with gold has reached its highest level since 2020, but elevated real yields and leveraged derivatives could leave it vulnerable when economic data prompts markets to price tighter Federal Reserve policy.

Crypto industry groups representing numerous digital asset firms are escalating their legal challenge in Illinois and asking a court to block the state’s controversial crypto tax.


The Crypto Council for Innovation and Blockchain Association have asked a court to temporarily halt an Illinois tax law while their legal challenge proceeds. The groups filed suit to block the law a few weeks ago.
Ryan Connor of RockawayX writes that the dollar leads the euro by about 3 to 1 in the offchain economy and by more than 300 to 1 onchain. Euro-pegged stablecoins total €711 million, less than 1% of supply. He attributes the gap to path dependency and missing euro DeFi infrastructure, while arguing that MiCA-regulated issuance and euro vault rails are changing the landscape.

Robinhood CEO Vlad Tenev said public companies cannot control financial products built around their stock, while acknowledging that token holders do not receive voting rights.

Bitcoin holders can place BTC with a custodian and receive a token usable on another network, allowing them to borrow without selling their coins. The trade-off is reliance on the custodian, redemption rules, token stability and lending software. Because the loan is overcollateralized, a sharp Bitcoin decline can still trigger liquidation. Coinbase, Circle and WBTC offer competing versions.

Kalshi’s election data is now live on DoubleZero ahead of the U.S. midterms. The expansion gives institutional and automated traders access to full-depth order books in political prediction markets.

PayPal has introduced PYUSDx, a stablecoin developer platform backed by PayPal USD (PYUSD) and built with assistance from M0 and MoonPay.

Hunter Biden’s new LAPTOP token fell from $190 to below $4 within minutes of opening on Base, wiping out 98% of its value after a debut valued at $1.6 billion. Onchain records indicate that market makers received the tokens a week before trading started.

Luxor estimates that about 235 EH/s of specialized Bitcoin mining capacity is idle because machines are uneconomic, curtailed, in transit or under maintenance. August’s Bitcoin rally lifted mining revenue, but widespread restarts could intensify competition and squeeze miners’ margins. Network difficulty rose 1.31% on Sept. 5.

Germany is moving toward a new draft bill that would tax bitcoin in the same way as stocks. Existing holdings would retain their current treatment, which may allow tax-free sales after a 12-month holding period.

The fifth-largest U.S. commercial bank is exploring its USBDC stablecoin for treasury payments, liquidity management and collateral after completing a live transaction.

Bitcoin stayed near $78,500 on Sept. 8, within its recent $77,200-$82,100 range, as the yen reached its strongest level since February. A stronger yen could pressure yen-funded trades and trigger broader risk reduction, while spot Bitcoin ETF inflows and recent holders’ lower cost basis offer some support.

Wall Street’s newest crypto fund includes a staking feature designed to increase returns.

India’s Financial Intelligence Unit issued non-compliance notices to 15 crypto platforms and sought the removal of their apps and URLs.


The Financial Intelligence Unit-India issued non-compliance notices to 15 virtual digital asset service providers over what it identified as anti-money-laundering lapses.
Bitcoin climbed as high as $79,700 after Iran strikes, while Brent crude moved above $100 and European shares declined. The cryptocurrency was tracking gold more closely than equities.

Silvergate’s former CEO Alan Lane says the bank remained solvent and liquid after withdrawals of about 70% of its demand deposits, but political and regulatory pressure led to liquidation. As crypto firms seek federal trust-bank charters, the model may reduce deposit-run exposure while increasing reliance on custody compliance, federal supervision and partner banks.

Iranian exporters can use earnings held overseas to finance imports directly, bypassing the official foreign-exchange system, the Financial Times reported.

Miami resident Malone Lam pleaded guilty after being accused of leading a group that stole 4,100 bitcoin. Prosecutors say the ring used online scams and home invasions to carry out the cryptocurrency theft, valued at $245 million.

Bitwise said Bitcoin’s 260-day correlation with the S&P 500, measured from price levels, was the lowest since 2015. CryptoSlate’s FRED-based calculation found log-level correlation near −0.62, while percentage-return correlation was +0.40. The figures show that prices can diverge over months while daily gains and losses still overlap, so negative correlation alone does not prove Bitcoin will hedge stock losses.

XRP ETFs attracted nearly $2 million on Tuesday, while funds tracking bitcoin, ether, solana and hyperliquid posted outflows. Grayscale products were responsible for all the bitcoin and ether outflows.

Bitcoin treasury company Strive increased its annualized preferred-dividend burden by nearly $12 million in one week after SATA shares rose by 921,511. It bought 1,375 BTC, taking holdings to 24,531, while the 13% current dividend rate implies about $129.9 million in annual payouts. Higher cash left coverage broadly unchanged at about 18.7 months.

Jack Dorsey’s Block says it has applied to establish Builders Bank & Trust, an uninsured national trust bank that would provide a federal framework for the company to custody Bitcoin, stablecoins and other digital assets.
Hunter Biden defended the LAPTOP token ahead of its Wednesday launch, calling TRUMP a “grift.” He said LAPTOP stands for “resilience, redemption and recovery” and will distribute coins to nearly one million wallets that lost money on TRUMP.


Ahead of the LAPTOP memecoin’s launch, Hunter Biden outlined its airdrop and burn-or-charity rules. About 30% of the supply is linked to 30 public real-world events, with the outcomes determining whether the tokens are burned or donated.
Bitcoin briefly fell to about $77,600 on Tuesday before recovering most of the loss and ending little changed. Zcash rose roughly 43% over the week, while Grayscale’s new fund surpassed $500 million.

Crypto groups are spending millions on a national TV campaign ahead of next week’s Senate vote on the CLARITY Act. The ads promote consumer protections and attack banks opposing parts of the bill, while senators and the White House remain divided over ethics restrictions on President Donald Trump and his family’s crypto interests.

The first staked ETF linked to Tron is scheduled to enter the US market Wednesday, offering investors a new way to gain exposure to TRX.

Iranian authorities have quietly eased foreign-exchange controls to encourage traders to bring urgently needed funds back into the country, as the authorities turn to cryptocurrency to bypass sanctions.
StoneX says Robinhood Chain’s launch and the company’s prediction-markets business are creating new growth drivers, supporting its view that Robinhood has 45% upside.

Strategy doubled its preferred-stock repurchase authorization to $2 billion as STRC remained below its $100 stated value. The company has spent about $811.5 million on buybacks since July, including a record $176.3 million purchase in the latest week, funded from its USD Cash balance while Bitcoin buying paused.

Maybank Singapore’s CEO says Asia’s ultra-rich continue to favor gold while also diversifying into digital assets. The headline examines their investment choices and where wealthy Chinese are moving.

Metaplanet’s Bitcoin-focused equity fundraising expanded an executive options pool from 46 million to 319.464 million potential shares. Shareholders are seeking cancellation of roughly 273 million added shares. CEO Simon Gerovich then exercised part of his award for 64.032 million new shares, intensifying dilution concerns.

New York Fed research found the dollar’s share of global official foreign-exchange reserves fell from 64% at the end of 2015 to 56% at the end of 2025. The decline may reflect reserve-size changes or concentrated portfolio decisions, not central-bank Bitcoin purchases. A sovereign Bitcoin demand case requires evidence of an allocation, its funding source and executed buys.

Strategy’s $250 Bitcoin-themed Air Jordans have sold out, with all nine advertised sizes unavailable. The company did not disclose the number of pairs offered or when they ran out. The launch extends Strategy’s Bitcoin-focused identity beyond its financial business into consumer merchandise, although the scale of demand cannot be measured from the undisclosed inventory.

Bitcoin’s derivatives market is becoming more bullish, with traders paying relatively more for call options and U.S. spot Bitcoin ETF inflows accelerating. But sellers still dominate spot exchange flows. Bitcoin traded near $78,800 after failing to hold above $80,000, leaving bullish positioning without convincing broad-based demand.

Hyperliquid’s open interest rises to $14.3 billion as HYPE reaches a record high. On Oct. 10, 2025, open interest dropped about 56% in one day, from $14.7 billion to $6.5 billion.

The European Central Bank’s Sept. 10 decision could lift the euro and weaken the dollar index, offering Bitcoin some relief after it fell below $80,000. But a currency-driven DXY decline may not show that financing conditions have eased. Bitcoin was around $78,800, down roughly 1% in 24 hours after strong US labor data revived expectations of persistently high interest rates.

DeFi Development Corp. has completed an $11 million CHAD offering aimed at expanding its Solana treasury. CHAD is a Variable Rate Series C perpetual preferred stock with an initial annual dividend rate of 13%.

The XRPL AI Hub has recorded nearly 4.5 million transactions, while cumulative settlements amount to just 5,836.71 XRP and 4,125.29 RLUSD. The figures show frequent micropayments, not substantial demand to buy and hold XRP; transaction counts alone cannot establish stronger token demand.

Bitcoin traded below $80,000 on Sept. 8 as oil neared $100 a barrel after attacks disrupted operations at some Saudi energy facilities. Friday’s US CPI report covers August and cannot capture the new shock, leaving the Federal Reserve to weigh inflation, jobs and rates amid an uncertain outlook.

Robinhood is expanding its prediction-markets business through partnerships with Crypto.com and OG.com. It will also acquire equity stakes in both companies, valued with reference to Crypto.com’s recent $20 billion valuation.

Amar Kuchinad, who had led cryptocurrency custody firm Copper as CEO since 2024, has left the company, according to two people familiar with the matter. The search for a buyer has now entered its fourth month.

Strive has added 1,375 bitcoin as SATA’s market capitalization approaches $1 billion. CEO Matt Cole said sales of SATA perpetual preferred stock accounted for 70% of the capital raised during the week.


Strive’s SATA is approaching a $1 billion market capitalization. Its 13% annualized dividend and resilience around par are helping Strive raise capital and outperform Strategy.
Circle has agreed to acquire cross-border payments company Tazapay for $400 million. The deal could give Circle vital regulated “last-mile” infrastructure connecting stablecoins with traditional local banking systems.

Visa says its stablecoin settlement volume has exceeded a $20 billion annualized run rate, up 15-fold from a year earlier. It now wants blockchain lenders to use that data to extend credit to the issuers driving the expansion.

Bitmine purchased 28,086 ETH, lifting its treasury to 5.93 million tokens valued at $14.8 billion, equal to 4.9% of Ethereum’s total supply.


Bitmine has purchased another $69 million worth of ETH. At its current buying pace, Tom Lee’s Ethereum treasury firm could reach its crypto accumulation goal in another seven weeks.
Bitcoin miner and cloud-mining provider BitFuFu reported a 55.4% rebound in August production to 174 BTC as new capacity came online. Cloud-mining customers supplied most of the increase, but their coins are excluded from company holdings. BitFuFu’s self-mining output reached 88 BTC and holdings rose to 1,373 BTC, still 298 BTC below June.

Two Prime CEO Alexander Blume says Bitcoin’s rebound may have further to run, as subdued funding rates and continued call selling indicate that excessive speculation is not yet driving the move.

The Ethereum Foundation’s Protocol cluster declined to include EIP-8363, which would burn part of validators’ issuance rewards, in its own priorities. It withheld judgment on the proposal and called for broader ecosystem participation on issuance policy. Current issuance dilutes unstaked holders while rewarding validators; reducing it could limit dilution, but claims about protecting smaller operators remain contested.

Strategy repurchased $176 million worth of STRC shares while making no bitcoin purchases or sales. Its total bitcoin holdings represent about 4% of the 21 million supply cap and are worth roughly $66 billion.

More than 71% of bitcoin supply is currently in profit, Bitfinex said, bringing the market close to a level that has historically signaled transitions from bear to bull conditions. Volatility remains subdued.

Visa is expanding its data offering for blockchain-based lenders through a new program designed to help issuers of stablecoin-linked cards access loans, as demand for those cards rises sharply.

Bitcoin ETFs remain $1 billion short of breaking even in 2026, according to a day-ahead outlook for Sept. 8.

Visa’s stablecoin settlement volume has surpassed a $20 billion annualized run rate, while payment volume has grown nearly 200% year over year. The settlement figure is now more than 15 times higher than a year ago.

Data tracked by lending platform Curve covered 704 soft-liquidation instances, with a median duration of 14.5 days. The figures show that some DeFi loans can remain viable for weeks after entering the “danger zone.”

Bitcoin fell 0.42% since midnight UTC to $78,874, while the CoinDesk 20 rose 0.2% and the memecoin index gained 0.41% as BNB Chain tokens rallied against the broader selloff.

South Korea’s budget office said stablecoin adoption could save merchants as much as $3.8 billion annually. It also warned that stablecoins could diminish banks’ role as credit intermediaries and destabilize token pegs during mass redemptions.

Hunter Biden reportedly plans to launch the LAPTOP memecoin on Sept. 9 through Coinbase’s Base network, with some tokens earmarked for wallets that lost money on Donald Trump’s TRUMP token. The project ties Biden’s political identity, the laptop controversy and political outcomes to its token design, testing his criticism of crypto profiteering by the Trump family.


Crypto traders have turned against the Hunter Biden’s LAPTOP memecoin before its launch. Kraken deleted a promotional post after backlash, while a media group named in the token’s distribution publicly distanced itself from the project.
Poland’s Sejm failed to override President Karol Nawrocki’s veto of legislation needed to implement parts of the EU’s MiCA regulation. Domestic firms remain unable to begin ordinary licensing, while crypto companies authorized in other EU states can enter Poland through MiCA’s cross-border passporting route.

Bernstein projects 31% upside for Robinhood after its new chain surpassed Solana in fee generation, bringing in $33 million over a 15-day period.

Bitcoin, gold and technology stocks are falling as the yen strengthens, while oil prices and government bond yields rise around the world.

Crypto exchange Bit2Me has created a specialized unit to help law enforcement track cryptocurrency assets. The move formalizes previous operations, including the processing in 2025 of €1.5 million in seized crypto for agencies such as Interpol and Europol.

A golden cross has appeared on Bitcoin’s daily price chart, pointing to the possibility of a long-term bullish trend ahead.

All major tokens fell on Tuesday, although most remained up for the week. Traders are pricing in a 60% chance of a Federal Reserve rate hike next week, while Zcash posted the steepest losses.

Chilean crypto exchange Orionx is shutting down and has frozen withdrawals after an audit found customer assets transferred to wallets outside its control. It notified prosecutors and filed a criminal complaint against former executives, but the recoverable amount and repayment date remain unknown. Chile’s financial regulator says it cannot compel restitution.

UBS now expects the Federal Reserve to raise rates by 25 basis points in both September and December, reversing its earlier call for no hikes this year. The shift, driven by resilient August employment, hawkish Fed signals and inflation risks, could keep yields and dollar assets attractive while raising the opportunity cost of holding non-yielding Bitcoin.

UBS expects the Federal Reserve to raise rates by 25 basis points in both September and December 2026, after a stronger-than-expected U.S. jobs report reinforced expectations of a resilient labor market.
Moonwell’s MIP-X66 governance proposal would change risk settings and interest models and use protocol reserves to recapitalize its USDC market. A projection suggests monthly interest accruing on bad debt across seven Base markets could fall by about 85%, but supplier repayments and a restart of Base borrowing remain unresolved.

Australia’s financial intelligence regulator AUSTRAC said it canceled, suspended or refused to renew 45 remittance and virtual asset registrations over the past year. After customer complaints and work with the National Anti-Scam Centre, it canceled the registration of GetCoins operator BA Digital Ventures, saying the action helped disrupt alleged organized cryptocurrency investment scams without alleging that GetCoins organized them.

Hunter Biden has launched the LAPTOP memecoin on Base, where it debuts Wednesday. Nearly one-third of its supply is slated for burning if several political and market outcomes materialize, including a Democratic victory in 2028.

Polish prosecutors have charged a fifth suspect in a massive cryptocurrency investigation. BitBay became Zondacrypto in 2021, and the exchange halted trading in April after customers faced frozen withdrawals and estimated losses of at least $94 million.

Industry leaders are debating whether digital dollar wallets could dismantle traditional bank accounts or merely modernize the infrastructure beneath them.

Expectations for a September Federal Reserve rate hike returned to about 60% after Friday’s jobs report. Bitcoin remained near $80,000 as U.S. inflation data due later this week emerged as the next market test.

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