This blockchain just voted to shut itself down for a Solana-powered AI pivot

This blockchain just voted to shut itself down for a Solana-powered AI pivot
ZetaChain’s on-chain governance has approved retiring the network’s standalone blockchain and moving ZETA to Solana as the project pivots toward private AI. Proposal 68 passed after voting ended Sept. 20, with about 99.44% of ballots supporting the plan. The on-chain tally showed 263.65 million ZETA voting in favor, 744,658 voting against, and 752,300 abstaining, giving … Read more

Bitcoin hits $85,000 after $648M wipeout forces mass buying

Bitcoin hits $85,000 after $648M wipeout forces mass buying
Bitcoin surged above $85,000 as a wave of short liquidations accelerated the cryptocurrency’s strongest advance since January. Data from CryptoSlate showed BTC gained more than 5% over the past 24 hours to reach $85,193, extending its advance over the past 35 days to about 29%. The asset had eased to $84,545 as of press time … Read more

Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade

Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade
Bitcoin treasury companies Strategy and Strive bought about $183 million of BTC last week as the cryptocurrency’s rebound helped corporate balance sheets recover losses. Strategy Inc., the largest corporate holder of Bitcoin, acquired 950 BTC for $75.7 million between Sept. 14 and Sept. 20 at an average price of $79,670, according to a regulatory filing … Read more

Why Balancer’s $1.4M hack recovery won’t pay LPs anytime soon

Why Balancer’s $1.4M hack recovery won’t pay LPs anytime soon
The Balancer V1 recovery proposal would divide 296.401711 ETH returned after an Aug. 31 exploit among liquidity providers in 120 legacy pools, but it does not yet show what any address could claim. The proposal says tokens worth about $1.39 million at attack-time prices were drained from the pools. It lists five ETH returns to … Read more

Why truly decentralized DeFi needs no legal exemption according to SEC Commissioner Hester Peirce

Why truly decentralized DeFi needs no legal exemption according to SEC Commissioner Hester Peirce
SEC Commissioner Hester Peirce drew a sharp line around decentralized finance on Sept. 17. She said investors need no exemption to use permissionless smart contracts for peer-to-peer trading. The SEC and CFTC actions examined here set separate limits on intermediary control. The unresolved question is how much control a software provider can retain before it … Read more

Bitcoin faces an October 18 test as Trump prepares new Russia tariffs

Bitcoin faces an October 18 test as Trump prepares new Russia tariffs
President Donald Trump’s new Russia sanctions law gives Bitcoin traders another macro deadline to watch: Oct. 18. On Sept. 18, Trump signed H.R. 5334, starting a 30-day clock for his administration to determine tariffs that could disrupt Russian energy trade and potentially feed into inflation, Treasury yields, and the dollar. Those channels matter for Bitcoin … Read more

Exchanges lower token risk values, leaving leveraged traders with less breathing room

Exchanges lower token risk values, leaving leveraged traders with less breathing room
Binance lowered the collateral ratio for six tokens on Sept. 18, while Coinbase International Exchange says 29 assets will leave its eligible-collateral list on Sept. 29. That ratio determines how much of an asset’s market value an exchange recognizes for borrowing or margin calculations. The exchanges operate separate products and account systems, but both changes … Read more

Hyperliquid opens native lending as HYPE hits new ATH above $90

Hyperliquid opens native lending as HYPE hits new ATH above $90
Hyperliquid has launched native manual borrowing, extending its trading infrastructure into credit as HYPE climbed to a fresh all-time high above $90. The Sept. 18 rollout lets users pledge HYPE or Bitcoin as collateral to borrow USDC or USDT directly through HyperCore. Hyperliquid said $269 million in assets were borrowed Friday, giving the new product … Read more