Binance News

The U.S. House Ways and Means Committee is scheduled to review a series of digital asset tax bills on September 16, moving crypto tax legislation closer to a full House vote. According to PANews, the review will focus on two issues: when miners and stakers should pay tax on newly created tokens, and whether stock wash-sale rules should apply to digital assets.
The two main bills are the Mining and Staking Tax Clarity Act, H.R. 9175, and the Applying Existing Tax Rules to Digital Assets Act, H.R. 9172. The first bill would allow miners and stakers to defer tax until the tokens are sold, rather than paying immediately when they receive new tokens. The second would extend wash-sale and constructive sale rules to actively traded digital assets, closing a tax loophole that crypto traders have used for years.

Binance's Bitcoin reserves have surpassed 693,000 BTC, an increase of approximately 77,000 BTC since late April.That accounts for roughly 30% of the total Bitcoin reserves held across major trading platforms, implying a combined figure near 2.3 million BTC across the venues measured.

Bitcoin open interest fell by about 13,600 BTC over the past 24 hours while the price remained largely unchanged. According to ChainCatcher, analyst Axel Adler Jr. said the decline suggests the market is actively deleveraging.
He added that lower open interest without a sharp price drop may reduce the risk of concentrated liquidations and a chain reaction of forced selling among highly leveraged positions.

U.S. President Donald Trump's digital assets advisory council executive director Patrick Witt told Semafor that the window of opportunity for the Clarity Act is closing. According to PANews, Witt said that if next week's procedural vote fails, no one can say when the bill will get another chance. Witt said a failed motion vote would not give anyone the outcome they want and called for bipartisan support for the bill. The procedural vote is scheduled for September 15.

August CPI landed in line on headline at 3.4% but hot on core at 0.3% — the number that put a September hike near certainty, sending the 2-year yield up 6bps to 4.61% while the 10-year held flat at 4.95%. The curve flattening is the market's verdict: a Fed seen as responding adequately, not one behind the curve. Real average hourly earnings fell 0.3% year-over-year as wages grew 3.1% against 3.4% inflation — households are already shifting to discount stores. Diesel hit $6 per gallon for the first time. Bitcoin fell to $76,700 then rebounded to $77,320. Binance's Bitcoin reserves crossed 693,000 BTC — 30% of all major exchange holdings. The CLARITY Act procedural vote is September 15. The FOMC decides September 16.Two-Year Yield Jumps to 4.61% as Traders Price a Near-Certain Hike, 10-Year Stays FlatClarity Act Faces Procedural Vote on September 15, Trump Crypto Adviser SaysWhite House digital assets advisory council executive director Patrick Witt told Semafor the window of opportunity for the CLARITY Act is closing — if next week's procedural cloture vote fails, no one can say when the bill gets another chance. The vote is scheduled for September 15, the day before the FOMC decision. The bill still needs 60 votes to advance, requiring at least 10 Senate Democrats beyond the Republican base. The government ethics provision — restricting senior officials from profiting from crypto while in office — remains the primary sticking point, with a bipartisan revised proposal sitting unanswered at the White House. For XRP specifically, market-structure legislation carries more weight than for most assets given how much of its trajectory has been shaped by regulatory classification questions — it jumped 5% when the bill cleared the Senate Banking Committee in May.U.S. Wage Growth Trails Inflation As Consumer Prices Rise 3.4% In AugustAverage hourly earnings rose 3.1% year-over-year against 3.4% CPI — leaving real average hourly earnings down 0.1% from July and 0.3% from a year earlier. Navy Federal Credit Union chief economist Heather Long: "A substantial number of Americans are worse off because incomes are not keeping pace with price increases." Gasoline prices rose 3.9% in August and diesel reached $6 per gallon Friday for the first time, driven by fuel supply disruptions tied to the Iran and Ukraine conflicts. Households are already adapting: Navy Federal's internal data shows members shifting spending toward Costco, Aldi and discount warehouses. The consumer squeeze is the transmission mechanism that makes the Fed's decision genuinely painful in either direction — a hike compounds the real wage decline, a hold validates the inflation that is causing it. Binance Bitcoin Reserves Reach 693,000 BTC, Roughly 30% of Major Exchange HoldingsBinance's Bitcoin reserves surpassed 693,000 BTC — an increase of approximately 77,000 BTC since late April — accounting for roughly 30% of the ~2.3M BTC held across major trading platforms combined. The concentration ratio mirrors Binance's $15.7B in August inflows that captured 75% of all centralized exchange flows — capital returning to crypto is routing to depth and liquidity rather than distributing across venues. 693,000 BTC represents roughly 3.5% of Bitcoin's total circulating supply sitting on a single platform, a figure that reflects both genuine user preference for Binance's liquidity and the flight-to-quality dynamic that has characterized the sector through months of volatility.Gold Nears $4,347 As CPI Print Tests $3,950 Head-And-Shoulders TargetGold traded near $4,347 on Friday, sitting on the neckline of a daily head-and-shoulders pattern that projects to $3,950 if confirmed — a potential further 9% decline from current levels. Thursday's PPI came in at 5.4% YoY versus 5.3% expected, and the 10-year hit 4.95% — both adding to the opportunity cost pressure that has pulled gold from its $5,600 January record to current levels. The technical setup arrives at a moment when the PBOC is buying its most gold since 2023 and central banks globally are accelerating domestic reserve storage — structural demand that has historically made gold head-and-shoulders patterns less reliable than in other assets, since sovereign buyers are price-insensitive in ways that retail technical traders are not.

US inflation came in broadly in line with estimates in August, but the core rate rose faster than expected, putting a Fed hike next week firmly on the table.Headline CPI rose 0.4% on the month against forecasts of 0.4% and July's 0.1%. Year-over-year it rose 3.4%, matching both expectations and July's reading.Core CPI increased 0.3% month over month, faster than the 0.2% forecast and July's 0.2%. Annual core inflation came in at 2.4%, in line with expectations and down from July's 2.5%.The two-year Treasury yield jumped six basis points to 4.61% as traders began assigning nearly a 100% chance of a hike next week. The 10-year, less closely tied to Fed policy, was flat at 4.95%.Bitcoin dipped back to $76,700 in the minutes following the release and trades at $77,320. Nasdaq 100 futures rose to a session high, up 0.8%.The Curve Flattened, Which Is the Market's Verdict on CredibilityThe divergence between the two maturities is the most informative part of the reaction.A six basis point move in the two-year with the 10-year unchanged means traders repriced the Fed's near-term path without changing their view of longer-term inflation or term premium. The curve flattened.That combination reads as the market treating a hike as sufficient rather than insufficient. A Fed seen as behind the curve would push long yields higher alongside short ones, because persistent inflation would be priced into the out years. A Fed seen as responding adequately gets the opposite — short rates up, long rates anchored.Nasdaq futures rising to session highs on the same print is consistent with that reading. Equities are not selling a hike they believe contains the problem.Bond Markets Flipped From No Hikes to 75 Basis Points in Two WeeksThe scale of the repricing since Jackson Hole is the context that makes this print consequential.Traders moved from assuming no rate hikes — potentially for the rest of 2026 — to hedging against as much as 75 basis points of tightening this year.That sent the 10-year from the 4.60% area to just shy of 5.00% ahead of Friday's data. The two-year rose from 4.20% to 4.56% before the numbers, then to 4.61% after.A 41 basis point move in the policy-sensitive maturity across two weeks, on no actual policy change, describes a market rebuilding its entire view of the year from a single speech.Warsh Created the Conditions He Argued AgainstThe August report took on outsized importance after Chair Kevin Warsh hinted at Jackson Hole that the Fed might have to act if inflation did not soon show signs of slowing.Bond markets have been in a fever pitch since.That outcome inverts what Warsh intended. He used the speech to reject forward guidance, arguing the practice has "overstayed its welcome" outside genuine crises and that quasi-commitments inhibit the Fed's freedom to decide correctly. He committed to "a discipline, not to a decision."The Wall Street Journal's Nick Timiraos identified the consequence: the speech convinced investors a hike was likelier without telling them what would trigger one, leaving a single data release to authorize the decision.Markets filled the gap themselves, and the magnitude they filled it with — 75 basis points — exceeds anything Warsh signalled.Forecasters Have Converged on Three HikesBank of America expects 25 basis points next week with another 50 by year-end. RBC Capital Markets revised from rate cuts this year to three hikes. Both arrive at 75 basis points of total tightening.Fitch Ratings' Olu Sonola said the data make it "increasingly difficult to justify a pause."Rates have sat at 3.50%-3.75% since December 2025, making a September increase the first since July 2023. With the move now priced near certainty, the dot plot and updated projections carry the information rather than the decision itself.The Asymmetry Sits on the Other SideLMAX Group's Joel Kruger flagged what near-certain pricing implies for the reaction function."A good deal of the hawkish risk is arguably priced in," he said. "We see greater potential for an outsized move in risk assets to the topside should the Fed ultimately fail to deliver on these hawkish expectations."At nearly 100% priced, a hike delivers confirmation. A hold delivers a shock.Bitcoin's intraday path illustrates how that logic already played out on the data. It fell to $76,700 immediately after the release, then rebounded above $79,000 as the uncertainty around the decision collapsed, before settling at $77,320.21Shares' Matt Mena noted Bitcoin has gained an average 2.13% over the 30 days following hotter-than-expected core CPI readings, though the current combination of an energy shock and yields near 5% is not typical of prior instances.The Energy Shock Runs Underneath All of ItBrent closed at $104.61, up more than 8% on the week.Saudi Arabia closed the East-West pipeline that bypasses the Strait of Hormuz, and Houthi attacks hit Saudi energy facilities. Production fell to 6.238 million barrels per day, the lowest since 1990 — a producer that cannot export cannot sustain output.Headline CPI at 3.4% against core at 2.4% shows that gap directly, and it is the reason the flat 10-year matters. The market is pricing the energy component as a level shift rather than an embedded inflation problem.The Clarity Act cloture vote falls September 15. The Fed decides September 16 at 2:00 p.m. ET.

Tom Lee said crypto will be "really bullish" for the next 12 months and added that the market's four-year-cycle bottom will arrive next month. According to NS3.AI, Lee also said his tokenization thesis values a 1% share of $100 trillion in assets at $1.1 trillion in annual income, which he values at $20 trillion.

US stocks rebounded Friday after August CPI came in slightly above expectations, with the market largely confirming a Federal Reserve hike next week.The S&P 500 rose 0.9%, the Dow gained about 1% and the Nasdaq 1%. All three still ended the week lower.Investors treated a clear rate path as preferable to ambiguity — reducing policy uncertainty and avoiding more aggressive expectations later.The Mechanism Applied Across Asset ClassesThe same logic drove crypto. Bitcoin rebounded more than $3,000 from a low of $76,046 to clear $79,000, trading at $79,301 for a 24-hour gain of 2.68%.That parallel matters for interpreting both moves. Bitcoin and equities rallying together on a hawkish print is not a debasement-trade signature or a risk-on rotation. It is markets pricing the removal of a distribution of outcomes.Hike odds had been split across venues before the release — 76% on CME FedWatch, roughly two-thirds per QCP, 61% on Polymarket. A 15-point spread on a binary event indicated genuine disagreement. The print collapsed it.Core CPI rose 0.3% against 0.2% expected, the only figure in the release that missed. Headline came in at 0.4% monthly and 3.4% annually with core at 2.4% year-over-year, all in line.Yields Went the Other WayThe bond market did not participate in the relief.The 10-year Treasury yield closed at 4.974%, approaching the 5% threshold and up significantly from 4.783% a week earlier — a move of 19 basis points across five sessions.That divergence is the session's most important detail. Equities and Bitcoin rallied on reduced uncertainty while the asset that actually prices the rate path pushed toward a psychological level it has not breached this cycle.A 5% handle on the 10-year would be the first since 2007. QCP framed the problem for Bitcoin specifically before the print: "This is the worst mix for Bitcoin: a competing 5% risk-free rate without the nominal-growth impulse that usually accompanies yield moves."RBC Moved From Cuts to Three HikesThe forecast revision quantifies how far the outlook has shifted.RBC Capital Markets revised its expectations for this year from rate cuts to three rate hikes, warning that high rates could further weigh on corporate earnings and equity valuations.That is a reversal of direction rather than a recalibration of magnitude. A house expecting easing at the start of the period now expects 75 basis points of tightening.Markets currently price a 25 basis point move at next week's meeting. Rates have sat at 3.50%-3.75% since December 2025, making a September increase the first since July 2023.Saudi Arabia Closed the East-West PipelineThe energy picture deteriorated further, and one development deserves more attention than it received.Brent closed at $104.61, up more than 8% on the week. Houthi attacks on Saudi energy facilities and transportation risks in the Strait of Hormuz contributed, but Saudi Arabia's closure of the East-West pipeline is the structurally significant item.That pipeline runs from the Eastern Province oil fields to the Red Sea port of Yanbu, and its entire strategic purpose is providing an export route that bypasses the Strait of Hormuz. Closing it removes the alternative.With Hormuz shipping disrupted and the bypass shut, Saudi crude has no unconstrained path to market. That is the mechanical explanation for production falling 1.9 million barrels per day to 6.238 million — the lowest since 1990. A producer that cannot export cannot sustain output.The Question Has Shifted From Direction to DurationWall Street's framing has moved from whether the Fed will raise rates to how long high rates persist, and whether inflation can be contained without damaging the economy and corporate earnings.That reframing changes what matters at Wednesday's meeting. The decision itself is largely priced. The dot plot, the updated projections and Chair Kevin Warsh's press conference carry the information.Warsh has rejected forward guidance as a practice, which complicates the market's need for exactly that. The Wall Street Journal's Nick Timiraos identified the bind before CPI: the Jackson Hole speech convinced investors a hike was likelier without specifying a trigger, leaving a single data release to authorize a decision Warsh has argued against making that way.The same absence of guidance now applies to the duration question.High Oil and High Rates Together Keep Volatility ElevatedThe combination is what keeps the outlook unstable regardless of Friday's recovery.Elevated crude feeds inflation, which supports higher rates, which compresses valuations — while the energy shock simultaneously pressures corporate margins from the cost side. Neither variable resolves the other.For crypto, the demand picture entering the weekend had not turned. CryptoQuant's spot demand metric sits at −145,000 BTC after nearly reaching positive at −5,000 in late August. The Coinbase premium index fell to −0.036. Crypto ETFs saw $308 million of net outflows Thursday, the worst single day in two months.Spot Bitcoin ETF trading pauses until Monday, and the Clarity Act cloture vote falls September 15 with the Fed decision the following day.

Coinglass data shows that crypto liquidations across the market totaled $674 million in the past 24 hours, with $292 million in long positions and $381 million in short positions. According to ChainCatcher, Bitcoin liquidations included $89.45 million in longs and $94.27 million in shorts, while Ethereum liquidations included $96.74 million in longs and $215 million in shorts.
Over the same period, 94,554 traders were liquidated worldwide, and the largest single liquidation occurred on Hyperliquid's ETH-USD pair at $20.28 million.

James van Geelen, founder of independent investment-research shop Citrini Research, has sold the firm to semiconductor and AI researcher SemiAnalysis, according to Bloomberg. Van Geelen and SemiAnalysis Chief Executive Officer Dylan Patel confirmed the sale on Friday, adding that van Geelen will stay on as Citrini's CEO for now. The sale price could not immediately be determined. "I'm excited about what the future holds for independent investment research," van Geelen said. Separately, he plans to launch a new fund, people familiar with the matter said, though he declined to comment on it.
New York-based Citrini, whose research has some 260,000 Substack subscribers, made its name earlier this year when van Geelen posted a note titled "The 2028 Global Intelligence Crisis," imagining a future in which AI wipes out white-collar jobs so fast the economy cannot absorb the blow. The report sent shockwaves through markets and hit software stocks in particular. SemiAnalysis, founded in 2020, has become an industry go-to for semiconductor research.
Patel said research is changing and that the way firms have historically done it is "kludgy, old, slow and not democratized to the world." He said van Geelen has the largest finance-business Substack along with other operations, and the deal is about scaling SemiAnalysis's research to be among the best in a new era in which research is democratized and can be done by people themselves.

Ethereum reached $2,600 for the first time in seven months on Friday. According to NS3.AI, the move came after core CPI fell to its lowest level in over five years.
Spot ETH ETFs had recorded $19.30 million in net outflows through Thursday, while Friday data remained pending.

Bitcoin rebounded by more than $3,000 following the CPI release, breaking through $79,000 to trade at $79,301 — a 24-hour gain of 2.68%.It had briefly dipped to $76,046 before the reversal, a move of $3,255 from low to current price.The Rally Came Despite a Hot Core PrintThe direction is counterintuitive on the data alone.Core CPI rose 0.3% in August against 0.2% expected — the single figure in the release that missed, and the one that annualizes to roughly 3.7%. Headline came in at 0.4% monthly and 3.4% annually, both in line, with core at 2.4% year-over-year, also in line.Three readings matched and one came in hot. A market that spent Thursday selling off through a soft core PPI print might reasonably have sold this harder.Resolved Uncertainty Rather Than Better NewsThe most defensible explanation is that the print collapsed a disagreement rather than delivering good news.Hike odds had been split widely across venues before the release — 76% on CME FedWatch, roughly two-thirds per QCP, and 61% on Polymarket. A 15-point spread on a binary event three business days out indicated genuine uncertainty rather than settled pricing.A print that confirms the hawkish case removes that uncertainty. Markets frequently price ambiguity more harshly than a known outcome, and Bitcoin's drop to $76,046 in the hours before the release suggests a market positioned for something worse than what arrived.Positioning supports that reading. The aggregated long/short accounts ratio stood at 1.114, with longs at 52.67% against shorts at 47.29% — close to balanced, with funding subdued at 0.0036%. A market that evenly positioned faces little forced selling into a print, which leaves room for short covering on any reversal.The $76,046 Low Was a Failed BreakdownThe technical sequence is the more concrete signal.Bitfinex analysts had identified $77,100 to $80,000 as the zone where spot demand was absorbing overhead supply — the range in which a squeeze ran into a defined population of sellers.Bitcoin traded below that floor at $76,046 and reclaimed it within the same session. A level that breaks and is immediately recovered tends to strengthen rather than weaken, because the break trapped sellers who now sit underwater.At $79,301, Bitcoin is back inside the absorption zone and roughly $700 below its upper boundary.The Supply Wall Sits Directly AboveThe obstacle above is unchanged by the rebound.Glassnode data shows nearly 8% of Bitcoin's supply was acquired between $80,000 and $82,000 — the largest concentration at any comparable range — with the US spot ETF cohort's average cost basis in the same band and the 50-week moving average at $81,081.Bitcoin reached $82,284 last week before the pullback, and the golden cross confirmed Tuesday after a run from $62,000. Four prior crossovers since 2021 produced the same pattern: the bulk of the rally before the signal, a pullback after it.Clearing $80,000 to $82,000 requires absorbing the densest supply in the market. A 2.68% daily gain does not accomplish that.The Demand Data Has Not TurnedThe rebound does not yet show up in the underlying flows.CryptoQuant's spot demand metric reversed to −145,000 BTC after nearly turning positive at −5,000 in late August. The Coinbase premium index fell to −0.036, indicating US institutional buyers paying below the global market. Crypto ETFs saw $308 million of net outflows Thursday, the worst single day in two months.Those are measured with a lag and will not reflect Friday's session. But a price rebound on short covering and resolved uncertainty is a different thing from returning spot demand, and the two should not be conflated.Two Events Land Before Markets Reopen FullySpot Bitcoin ETF trading pauses once US markets close and does not resume until Monday, leaving the weekend to absorb any escalation with materially thinner liquidity.Brent crude climbed as high as $109 this week after Saudi Arabia told OPEC its crude production fell to 6.238 million barrels per day, the lowest since 1990. US Central Command destroyed five Iranian tankers, Tehran struck American bases in Jordan, and Iran has signalled a restricted zone outside the Strait of Hormuz.The Clarity Act cloture vote falls September 15. The Fed decides September 16 at 2:00 p.m. ET with updated projections and a Warsh press conference.

The Federal Reserve looks increasingly likely to raise rates next week after Friday's hot core CPI reading. Markets have had time to prepare, which raises the question of how much bite a hike still carries.Core CPI rose 0.3% in August against the 0.2% economists expected. Headline inflation rose 0.4% on the month and 3.4% from a year earlier, both in line.Bitcoin rose following the report, trading at $78,600, up 1.5% over 24 hours.The Asymmetry Runs the Other WayJoel Kruger, global markets strategist at LMAX Group, said traders were already leaning toward a hike before the numbers landed."A good deal of the hawkish risk is arguably priced in," he said.That leaves a muted response likely if the Fed delivers what everyone expects. The larger move sits on the other side."We see greater potential for an outsized move in risk assets to the topside should the Fed ultimately fail to deliver on these hawkish expectations," Kruger said.That inversion is worth holding onto through Wednesday. A hike is the base case and largely absorbed. A hold would be the surprise, and surprises move markets more than confirmations.History Argues a Hot Core Print Is Not Automatically BearishMatt Mena, senior crypto research strategist at 21Shares, does not treat a hike as an automatic problem for Bitcoin.He said Bitcoin has gained an average 2.13% over the 30 days following hotter-than-expected core CPI readings.Mena also pointed to gains in ether and Solana as evidence traders have not backed away from crypto risk. Ether traded at $2,532.49.The sample carries the usual caveat — averages across a small number of episodes describe tendency rather than expectation, and the current combination of an energy shock and multi-year-high yields is not typical of the prior instances.Connors: Both Arms of Policy Have Been Tested and Both MovedMark Connors, CIO at Risk Dimensions, offered the week's most structurally significant framing."The market has now challenged both sides of policy," he said. "Bessent went first. Even tripling Treasury buybacks hasn't tamed the long end. Now, Warsh, after talking disinflation, is being forced towards higher rates."Connors had previously argued that softer inflation measures could give Chair Kevin Warsh room to hold. Friday's data changed that.The two halves of the observation reinforce each other. Treasury Secretary Scott Bessent expanded long-duration bond buybacks repeatedly and yields rose across the curve anyway — the 10-year closed at 4.974%, up from 4.783% a week earlier and roughly 4.75% when Bessent first said long-dated yields were too high. The most recent operation drew $10.5 billion in tenders and Treasury accepted $5.2 billion, below its own ceiling.Warsh, meanwhile, spent Jackson Hole rejecting forward guidance and is now being pushed toward a decision by a single data release.Connors reads the yield move as investors worrying about more than where the Fed sets rates next week.The Debasement Case Explains Bitcoin's ResilienceHigher rates would normally pressure Bitcoin by making yield-bearing assets more attractive. Connors argues the current configuration allows both to be true at once.If yields are climbing because investors are worried about inflation, government debt and policy credibility, then Bitcoin and gold can trade as alternatives simultaneously. He noted both rose following Friday's data."We can't print oil, and you can't debase bitcoin," Connors said.That framing matches the correlation data. Bitcoin's 90-day correlation with the 10-year Treasury yield sits at −0.17 against gold's −0.41, meaning a rising yield barely dents it while gold responds more than twice as strongly.It also carries a limit the quote does not address. The same distinction cut against Bitcoin earlier in the week, when it fell alongside gold as yields surged and the dollar firmed. The fiscal-versus-growth channel is not a permanent support — it operates when the fiscal reading dominates, and the rate channel has repeatedly overwhelmed it.Fitch and Bank of America Both Point Past SeptemberFitch Ratings' Olu Sonola said the latest inflation data make it "increasingly difficult to justify a pause."Bank of America expects a 25 basis point increase next week with another 50 basis points of tightening by year-end. RBC Capital Markets separately revised from rate cuts to three hikes this year.Those forecasts converge on 75 basis points of total tightening, which reframes what Wednesday decides. The September move is largely priced. The path implied by the dot plot and updated projections is where the information sits.The report followed hotter producer-price data earlier in the week and came a day after the European Central Bank raised rates, lifting its deposit facility to 2.5% while raising its 2027 and 2028 inflation outlook.The Weekend Sits Between the Data and the DecisionSpot Bitcoin ETF trading paused once US markets closed and does not resume until Monday, leaving thinner liquidity to absorb any escalation.Brent closed at $104.61, up more than 8% on the week, after Saudi Arabia closed the East-West pipeline that bypasses the Strait of Hormuz and Houthi attacks hit Saudi energy facilities. Saudi production fell to 6.238 million barrels per day, the lowest since 1990.The Clarity Act cloture vote falls September 15. The Fed decides September 16 at 2:00 p.m. ET, with updated projections and a Warsh press conference.

CNBC's David Faber said on a live program, citing unnamed sources, that AI hedge fund Situational Awareness has been active in the options market. According to PANews, Faber said Leopold Aschenbrenner resumed buying options in late last week and early this week, paying hundreds of millions of dollars in option premiums.
Faber said the underlying names included companies that have appeared in Aschenbrenner's previous portfolio, such as SK Hynix, SanDisk, Advanced Micro, Bloom Energy, and CoreWeave. He also said it was unclear whether Aschenbrenner had raised new capital for public market investments.

On Sep 11, 2026, 18:06 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 77,000 USDT and is now trading at 76,900.890625 USDT, with a narrowed 0.37% decrease in 24 hours.

A fake government email slipped through security controls at Revolut this week, exposing residential addresses, identity documents and Bitcoin transaction histories belonging to a group of customers.The request appeared to come from a legitimate government agency and carried credentials that passed Revolut's checks. The company handed over customer information before separately contacting the agency and discovering the request was fraudulent, according to notices sent to affected users.The files reportedly included passports or driving licences, verification selfies, names, dates of birth, occupations, home addresses, emails, phone numbers, IBANs, account statements, withdrawal records and full transaction histories, including all Bitcoin activity.Revolut has not disclosed how many customers were affected and did not immediately respond to a CoinDesk request for comment. It said in its notification that customer funds remained safe, and has notified affected users and regulators while blocking the source of the request.The Failure Was Authorization, Not EncryptionNo system was breached in the conventional sense.Once the request cleared Revolut's internal checks, someone posing as a government official gained access to the same deeply personal information the bank had collected to satisfy identity and compliance requirements.That distinction matters for anyone assessing their own exposure elsewhere. Encryption, cold storage and access logging address a different threat model entirely. A process that legitimately releases data to verified requesters fails when the verification itself is the target.Financial institutions field government data requests routinely, and the volume creates pressure toward efficient handling. An attacker only needs the credential check to pass once.AI Makes This Category of Attack Cheaper at ScaleConvincing emails, documents, identities and bureaucratic requests are becoming inexpensive to produce in volume, while financial companies continue holding increasingly detailed records about who their customers are, where they live and how they move money.That combination changes the economics. Impersonating a government agency convincingly once required specific knowledge of agency formatting, reference structures and language conventions. Those are now reproducible from public examples at near-zero marginal cost.The defensive burden rises correspondingly. Every institution holding sensitive data must now verify inbound authority against a threat that can generate unlimited plausible attempts.The Combination of Data Is the Specific RiskBitcoin makes the exposure unusually concrete.The blockchain records transactions publicly. Personal details — passport, home address, occupation — sit outside the network. Financial intermediaries connect those two sets, turning a customer database into a map linking a real person to their onchain activity.Onchain investigator ZachXBT, who drew attention to the incident, said in a Telegram broadcast that the breach appeared limited in size and may have targeted high-net-worth users.If that assessment is correct, the selection pattern matters more than the volume. A targeted request for specific high-balance accounts produces a materially different risk profile than a bulk extraction, because it suggests the requester already knew what they were looking for.Affected customers face immediate follow-on risk from phishing that uses the exposed details to appear credible — a caller who knows your address, account balance and recent transactions is considerably harder to dismiss. Anyone notified should treat unsolicited contact referencing their Revolut account with particular caution and verify independently through official channels.Those with significant holdings should also consider their physical security posture, given that address and balance information appeared together.Zero-Knowledge Proofs Gain a Concrete Use CaseThe incident gives privacy technology an immediate application rather than a theoretical one.Zero-knowledge systems allow someone to prove an identity check was completed, or that a customer satisfies a particular requirement, while revealing less of the passport, address or underlying information used to establish it.The architectural difference is what matters here. Under current arrangements, satisfying a compliance requirement means the institution holds the underlying documents indefinitely, and any subsequent failure exposes all of it. Under a proof-based system, the institution holds an attestation rather than the source material.An attacker who successfully impersonates a government agency against a ZK-based system receives confirmation that checks were passed. They do not receive a passport scan and a home address.The Question Is Shifting From Protection to CollectionAs impersonation becomes easier, the security problem moves from how well institutions protect customer data to how much sensitive information they need to collect, retain and reveal at all.That reframing has regulatory implications the compliance regime has not addressed. Know-your-customer requirements were designed around a threat model where the institution was the trusted holder and the risk was external intrusion. They do not account for the institution being socially engineered into voluntary disclosure.Every additional field a regulated entity is required to collect expands the dataset available in a failure of this type. The compliance framework and the security outcome are working against each other, and the Revolut incident is a demonstration rather than an argument.

Shiba Inu gained 12% over the past month as whale activity increased. According to NS3.AI, an unidentified wallet withdrew 125.33 billion SHIB from a BitGo-affiliated address, while CryptoQuant recorded a negative netflow of 77.59 billion SHIB from exchanges in one day.

A highly profitable whale reduced 9,976.46 ETH long positions in batches about 11 hours ago at an average price of about $2,619.87, with a notional value of about $26.137 million and a profit of about $14.22 million. According to Odaily, the whale later placed ETH buy orders again.

According to Jin10, at the 2:30 close, the main Shanghai gold futures contract fell 0.04% to 942 yuan per gram, the main Shanghai silver futures contract rose 0.49% to 15,723 yuan per kilogram, and the main SC crude oil contract rose 4.96% to 850 yuan per barrel.

BlockBeats reported on September 12 that TradingBeats, formerly Hyperinsight, monitored an Alameda/FTX address unstakes and transfers 202,700 SOL in the past half hour. According to BlockBeats On-chain Detection, the tokens were worth $20.62 million, and similar transfers in the past were used for FTX creditor compensation.

According to CNBC, U.S. consumer prices rose 3.4% in August from a year earlier, while average hourly earnings increased 3.1% over the same period, leaving real average hourly earnings down 0.1% from July and 0.3% from a year earlier. Heather Long, chief economist at Navy Federal Credit Union, said a substantial number of Americans are worse off because incomes are not keeping pace with price increases, and she said inflation is erasing wage gains as energy costs climb. Long said gasoline prices rose 3.9% in August and diesel reached $6 per gallon on Friday for the first time amid fuel supply disruptions tied to wars in Iran and Ukraine. She added that households are shifting spending toward warehouses and discount stores, with Navy Federal's internal data showing more members shopping at Costco, Aldi and similar retailers.

Revolut confirmed that a fake government email tricked it into handing over customer files that included passports, selfies and Bitcoin records, while saying systems and customer funds were unaffected. According to BeInCrypto, the bank said it blocked the sender after spotting the issue and notified the agency, police and data protection and financial regulators.
The notices to customers said the leak also included driving licences, home addresses and bank statements, and that only biometric facial telemetry was excluded. Blockchain investigator ZachXBT flagged the breach, which Revolut said affected a limited number of users.

Grayscale research head Zach Pandl said Zcash, a privacy-focused Bitcoin-like digital currency, is currently highly profitable to mine. According to ChainCatcher, he noted that Bitcoin miners receive about $35 million in daily rewards, far above Zcash's roughly $2 million, but Zcash mining rigs generate about twice the daily revenue of Bitcoin miners per machine and about four times the revenue per megawatt-hour.
Pandl said Zcash mining activity across the network has increased more than 2.5 times this year, driven by the token's strong price performance. He described a cycle in which rising prices boost mining activity, which strengthens network security and in turn supports the price. He added that Zcash mining remains attractive at current valuations and continues to reinforce network security.

Circle is offering $400 million in stock to acquire Tazapay, according to the company. According to NS3.AI, Circle announced the proposed acquisition on Sept. 8 and said it expects the deal to close in 2027, subject to customary conditions and regulatory approvals. Tazapay connects to more than 60 banking and fintech partners and supports payout rails across more than 100 markets.

A fresh wave of liquidations in bearish bets is driving another rally in Ether, the second-largest cryptocurrency. According to Bloomberg, the liquidations are taking place in bearish bets on Ether.
Ether is the second-largest cryptocurrency.

On Sep 12, 2026, 01:25 AM(UTC). According to Binance Market Data, BNB has crossed the 730 USDT benchmark and is now trading at 730.02002 USDT, with a narrowed 2.33% increase in 24 hours.

CryptoQuant analyst Darkfost said the total stablecoin market capitalization has fallen to $144.5 billion, below the 365-day average of $147.4 billion. According to Foresight News, Darkfost said stablecoin market outflows have exceeded inflows over the past year, which is typically seen in bear markets. He added that the market needs to see this long-term flow trend reverse and push total stablecoin market capitalization back above the annual average.

Hyperliquid Strategies shares rose 6.31% to $11.71 on Friday ahead of an upcoming Senate procedural vote on the Clarity Act. According to NS3.AI, crypto-linked stocks also advanced before the vote.
Cantor Fitzgerald maintained an Overweight rating on the stock and raised its price forecast to $34.20.

BitMine Immersion shares rose 4.46% to $25.28 Friday afternoon as crypto-linked equities advanced. According to NS3.AI, the move came amid optimism over U.S. digital asset regulatory legislation.
Investor expectations increased ahead of an upcoming Senate vote on the Clarity Act. Ether traded at $2,570 Friday afternoon.

Gold traded near $4,347 on Friday, sitting on the neckline of a daily head-and-shoulders pattern that points to $3,950 if confirmed. The August U.S. consumer price index is due Friday morning, and the setup comes after Thursday’s producer price index rose 5.4% year over year versus 5.3% expected, according to BeInCrypto, while the 10-year Treasury yield hit 4.95% and markets priced a 67.1% chance of a Federal Reserve hike next week.

Robinhood CEO Vlad Tenev said public companies should not be able to stop third parties from creating blockchain-based products tied to their shares. According to NS3.AI, Tenev made the remarks during a dispute with AMC Entertainment CEO Adam Aron.
Robinhood says its stock tokens are separate financial instruments backed by underlying shares.

Canada's banking regulator said tokenized deposits are not legally different from traditional deposits and that the underlying technology used in a financial product or service does not determine its legal nature. According to ChainCatcher, the Office of the Superintendent of Financial Institutions said financial institutions can offer tokenized deposit services under existing financial regulatory laws without additional rules.
The regulator said financial institutions and third parties acting on their behalf must ensure their activities comply with applicable laws and regulations. It also said firms should contact the OSFI supervisor responsible for oversight before launching new products or services and recommended seeking legal advice before going live. OSFI oversees nearly 350 financial institutions and 1,200 pension plans.

Macro investor Dan Tapiero said Bitcoin has bottomed and will not revisit its lows. According to NS3.AI, Tapiero attributed the move to coordinated U.S.-Japan intervention in the dollar-yen exchange rate, rather than the Treasury's bond buyback program. He said Bitcoin has shifted from a $60,000 to $70,000 range into a $70,000 to $80,000 range.

Bitcoin traders have moved from a "sell the rally" stance to "buy the dip" after the asset rallied toward $80,000. According to NS3.AI, Mark Sishka said rebuilt long leverage could still drive a short-term move toward $70,000 to $72,000.
Sishka added that a pullback could form a higher low before Bitcoin makes another attempt at $82,000 to $85,000.

Canada's Office of the Superintendent of Financial Institutions said tokenized deposits are not legally different from traditional deposits and that the underlying technology used in a financial product or service does not determine its legal nature. According to Odaily, the regulator said financial institutions can conduct tokenized deposit business under existing financial regulatory laws without additional rules.
OSFI said financial institutions and third parties acting on their behalf must ensure their activities comply with applicable laws and regulations. It also asked institutions to contact the OSFI supervisor responsible for oversight before launching new products or services and recommended seeking legal advice before going live. The agency oversees nearly 350 financial institutions and 1,200 pension plans.

Hyperbot data shows Loracle has continued reducing its HYPE short position, leaving $21 million in open exposure. According to Odaily, the position was previously worth as much as $37 million, and the remaining HYPE short is down $7.45 million, with an entry price of $53.97 and a current price of $83.18.
Loracle's main short positions now carry a combined net unrealized loss of about $9.54 million. The positions include a $26.05 million short in SNDK, which is down $2.51 million; a $18.73 million short in Nvidia, which is up $460,000; a $18.24 million short in PONS, which is up $220,000; a $10.27 million short in MU, which is down $1.15 million; a $6.78 million short in CASHCAT, which is up $750,000; and a $3.84 million short in PLTR, which is up $150,000.

Tesla announced that its Semi Truck will soon launch in the European market. According to ChainCatcher, the company did not provide additional details on timing or rollout plans.

Coinglass data shows that if ETH falls below $2,405, cumulative long liquidations across major centralized exchanges would reach $1.213 billion. According to ChainCatcher, if ETH rises above $2,658, cumulative short liquidations across major centralized exchanges would reach $1.209 billion.

SoSoValue data showed that SOL spot ETFs recorded a total net outflow of $278,800 on September 11, U.S. Eastern Time. According to Odaily, only Bitwise Solana Staking ETF (BSOL) posted a net outflow that day, also totaling $278,800, while its cumulative historical net inflow reached $1.031 billion.
As of press time, SOL spot ETFs had total net assets of $1.419 billion, with a SOL net asset ratio of 2.36% and cumulative historical net inflows of $1.356 billion.