BeInCrypto SE

In short
Cryptocurrency trading reached approximately $75 billion on August 21.
Perpetual futures volumes reached approximately $336 billion, the highest daily total since March.
CryptoQuant says the increase came from buying, not from the selloffs seen earlier.
Read the original story CryptoQuant sees increased volume as a sign that the bear market may be turning by Kamina Bashir on se.beincrypto.com

In short
Robinhood says that voting and stock redemptions will soon be moved for their stock tokens.
AMC executive Adam Aron called the products despicable and demanded that trading be halted.
The solution that Robinhood promises could weaken their own legal defense.
Read the original story AMC’s CEO called the stock token a fake stock. Now Robinhood responds from Lockridge Okoth on se.beincrypto.com

In short
XRP and XLM move more than 8% on September 14 ahead of an important senate vote scheduled for Tuesday.
The vote to end the debate requires 60 votes, so at least seven Democratic or independent senators must vote with the other party.
Prediction markets give the CLARITY Act low chances of passing, with the Polymarket price right now at 30%.
Read the original story XRP and XLM rise 8% as the CLARITY Act approaches a pivotal vote by Luis Blanco on se.beincrypto.com

In short
Dario Amodei’s warning to slow down AI triggered a 5.9% drop for the Philadelphia Semiconductor Index.
Nvidia, Broadcom, Micron and AMD fell as warnings about security issues spread among AI stocks.
Bank of America eases concerns and says that AI investments could reach USD 3 trillion by 2030.
Read the original story Chip stocks fall due to warnings about slower AI, but analysts don’t think a crash is near by Darryn Pollock on se.beincrypto.com

In short
BTW, VVV and FIL led the increase for altcoins during the third week of September.
BTW rose by 43.2% but shows RSI divergence and weak breakout volume.
FIL increased at least, but its volume relative to market value is still the highest at 51%.
Read the original story: Top 3 altcoins for the third week of September: The biggest winner has the weakest chart by Jakub Dziadkowiec on se.beincrypto.com

In short
DOGE employees used ChatGPT to label NEH grants as DEI, according to court documents.
ChatGPT called a museum grant of 349 000 USD for ventilation systems for DEI because it helps visitors.
DOGE marked 1 057 out of 1 163 NEH grants as DEI and reduced it by over 100 million USD.
Read the original story: ChatGPT told Musk that DOGE was a contribution to the museum’s heating from DEI by Darryn Pollock on se.beincrypto.com

In short
Balancer proposes to end the protocol and return its treasury to token holders.
New integrations sparked interest, but no actions led to sustained revenue growth.
Holders can burn their tokens for a pro rata share of the treasury starting May 2027.
Read the original story Balancer suggests winding down after the restructuring plan failed to increase the revenues of Kamina Bashir on se.beincrypto.com

In short
The yield on 10-year US government bonds rose above 5% on Monday, the highest level in three years.
Analysts warn that a sustained breakout above 5% could weigh on stock valuations.
Bitcoin trades near 77 800 USD as rising interest rates increase the cost of holding it.
Read the original story The 10-year yield goes above 5%: What does it mean for Bitcoin and stocks by Darryn Pollock on se.beincrypto.com

In short
Defensive stocks rose on Monday as concerns about AI security weighed on tech stocks.
Johnson & Johnson, Eli Lilly, Kimberly-Clark and Costco rose in the rotation.
Cybersecurity stocks CrowdStrike and Palo Alto Networks each rose 14%.
Read the original story Fear of AI security prompts investors to choose J&J, Costco and CrowdStrike for cybersecurity by Darryn Pollock on se.beincrypto.com

In brief
BitMine, Strive, and DFDV added cryptocurrency last week, while Strategy took a pause.
BitMine now has 5.96 million ETH, about 4.9% of the total supply.
Strategy used 139 million USD to buy back STRC preferred shares instead of Bitcoin.
Read the original story Companies buy Ethereum, Solana and Bitcoin during an uncertain September market by Kamina Bashir on se.beincrypto.com

In brief
CoinEx closes after 9 years; withdrawals are possible until December 22.
The exchange blames the market downturn, reduced liquidity, and increased costs for regulatory compliance.
Spot trading ends on September 29 and CoinEx will buy back the remaining CET for $0.005.
Read the original story CoinEx sets December as the final withdrawal date when the exchange shuts down by Kamina Bashir on se.beincrypto.com

In short
Trump met Sam Altman privately behind the scenes at the GOP convention last week.
Altman requested the meeting, which was about AI and its growing power.
Since then, Trump has called AI safety concerns a hoax both on stage and online.
Read the original story Trump says the AI scare is a hoax — so why did he meet Altman in secret? by Darryn Pollock on se.beincrypto.com

In brief
Novo Nordisk changes its name to 'Novo' and launches a new culture model.
VD Mike Doustdar links changes to losing ground against Eli Lilly.
Novo’s stock has fallen by about 15% so far this year despite the restructuring.
Read the original story Novo Nordisk changes its name to ‘Novo’: Shares fall as the company directs GLP-1 toward consumers by Darryn Pollock on se.beincrypto.com

In brief
New York's Letitia James led 17 other attorney generals against the Clarity Act.
8 banking groups urged senators to close the stablecoin interest-rate gap in the bill.
The Senate votes on Tuesday to end the debate, which requires 60 senators to move forward.
Read the original story Revised Clarity Act text faces pushback from three sides ahead of a Senate vote by Kamina Bashir on se.beincrypto.com

In short
The DOJ wants to seize 61 million USD in crypto linked to Iranian oil deals.
Funds were said to have been moved through Blessed Trust and Hexa Whale accounts on Binance.
Binance has previously called claims about money laundering in Iran "false and defamatory."
Read the original story: DOJ wants to take 61 million USD in Iranian oil funds from Binance accounts it has guaranteed by Darryn Pollock on se.beincrypto.com

In brief
SBF's attorney says a bot of $11 billion would make him poor for the rest of his life.
Supreme Court petition says the jury heard about FTX losses but not about the repayment plan.
FTX customers have now received back 105% of their claims valued at 2022 prices.
Read the original story: About Sam Bankman-Fried leaving prison today, he would be poor forever, says an attorney from Lockridge Okoth on se.beincrypto.com

In short
Trump dismisses AI fears as a bluff during an unexpected call with Jensen Huang
Nvidia CEO supports faster AI growth as competition with China intensifies
NVIDIA continues to fall as chip stocks price in reduced AI investment
Read the original story Trump calls Jensen Huang directly to express concern about an AI slowdown. NVIDIA stock reacts by Lockridge Okoth on se.beincrypto.com

In brief
Grayscale’s new portfolio without Bitcoin gives XRP 26.11%—the second-largest allocation.
Ether tariff 42.34%, over the 40% that the model indicates.
Advisers can copy the allocation to customer accounts with Grayscale funds.
Read the original story of how Grayscale made XRP 26% of its new portfolio for advisers by Lockridge Okoth on se.beincrypto.com

In brief
Trump says his administration has criminal and regulatory power over AI companies.
He said this when he claimed the industry doesn’t need new oversight.
AI and chip stocks fell anyway, and Marvell Technology dropped 8%.
Read the original story Trump says he has criminal jurisdiction over AI companies: Should investors be worried? by Lockridge Okoth on se.beincrypto.com

In brief
Four small freight ETFs have become the best deal during the Iran war.
Net investment in shipping has increased by over 3,200%, while shipowners have earned much less.
A fund founder warns that opening Hormuz would lower prices.
Read the original story An ETF category makes big profits from the war in Iran by Lockridge Okoth on se.beincrypto.com