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Coinbase CEO sees Bitcoin at $400,000, but first it has to clear $81,000

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Coinbase CEO sees Bitcoin at $400,000, but first it has to clear $81,000
Coinbase CEO Brian Armstrong says Bitcoin’s latest bottom is already in, even as the cryptocurrency remains below a level that historically confirmed recoveries. Armstrong said in Sept. 10 interviews with Bloomberg and CNBC that he expects Bitcoin to trend higher over the next one to two years as the market approaches its next halving, while … Read more

Crypto exchange recovery rules split NES holders into winners and losers after $286M exploit fallout

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Crypto exchange recovery rules split NES holders into winners and losers after $286M exploit fallout
Nesa’s NES token returned to trading on Binance Alpha and regained Ethereum funding on Kraken on Sept. 10 after venue-specific interruptions tied to an Aug. 24 token-contract security incident. The restorations are not a network-wide relaunch or a single recovery plan. Binance Alpha is using two snapshots to separate eligible 1:1 swaps from refunds on … Read more

Circle’s Noble shutdown leaves Cosmos racing to move $92 million in USDC

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Circle’s Noble shutdown leaves Cosmos racing to move $92 million in USDC
Circle is pulling its USD Coin (USDC) stablecoin from Noble, forcing Cosmos to migrate its main digital dollar rail to Injective before January. The wind-down puts roughly $92 million of USDC on a deadline and requires exchanges, decentralized-finance protocols, and more than 50 Cosmos-linked chains to shift liquidity and integrations away from Noble, the appchain … Read more

Banks get cross-exchange crypto hedge relief under Canada’s new 2027 capital rule

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Banks get cross-exchange crypto hedge relief under Canada’s new 2027 capital rule
Canada’s banking regulator has finalized a narrow change to its crypto capital rules that should reduce capital overstatement for some market-neutral positions without broadly easing how banks must treat digital-asset risk. The Office of the Superintendent of Financial Institutions’ 2027 guideline, published Sept. 10, treats all regulated exchanges of traditional financial assets as one exchange … Read more

Your Bitcoin trade can now get liquidated because a stock crashed

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Your Bitcoin trade can now get liquidated because a stock crashed
Monthly volume on real-world-asset perpetual futures grew from $85 billion in January to an August record of $799.5 billion, with stocks accounting for 62.3% of that total on both DeFi and centralized venues, according to CoinMarketCap. Trading venues are moving away from single-asset margin toward unified portfolio accounts, where a trader’s entire holdings back every … Read more

Rising Aave borrow rates threaten to flip Ethena’s USDe yield loops into negative carry

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Rising Aave borrow rates threaten to flip Ethena’s USDe yield loops into negative carry
LlamaRisk has proposed increasing borrowing costs for Ethena’s USDe across five Aave V3 markets, tightening the economics for positions that borrow the stablecoin and recycle it into yield-bearing sUSDe. The Sept. 9 recommendation would increase USDe’s base variable borrow rate from 5% to 6% on Core, Plasma, Monad, Mantle, and Avalanche. It would also reduce … Read more

Strategy erased nearly $8 billion of net debt in 11 months and put S&P’s junk rating on the clock

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Strategy erased nearly $8 billion of net debt in 11 months and put S&P’s junk rating on the clock
Strategy, the largest Bitcoin treasury firm, is making a case for an escape from its B- junk credit rating after building billions of dollars in liquidity and reducing debt. On Sept. 10, Strategy’s head of investor relations, Chaitanya Jain, said the Michael Saylor-led company has strengthened its balance sheet in the three areas S&P Global Ratings … Read more

XRP Ledger crossed 5 billion transactions, but 92% of August activity came from just 767 bots

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XRP Ledger crossed 5 billion transactions, but 92% of August activity came from just 767 bots
XRP Ledger (XRPL) crossed 5 billion transactions, with new data showing activity increasingly concentrated among a small group of accounts. Bitquery found that 793 sender accounts generated 75.98 million of XRPL’s 81.56 million transactions in August, or 93.2% of the month’s activity. The firm classified 767 of those accounts as machines, responsible for 92% of … Read more

Wall Street’s altcoin ETF rotation is not producing an altseason, and the old playbook may be breaking

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Wall Street’s altcoin ETF rotation is not producing an altseason, and the old playbook may be breaking
US exchange-traded funds tied to Ethereum, XRP, and Solana attracted almost $59 million on Sept. 9 as Bitcoin products lost $120.24 million, offering another example of how capital is shifting between regulated crypto exposures. The wider market barely reflected that rotation. BlockchainCenter’s Altcoin Season Index stood at 37, well below the 75 threshold at which … Read more