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While You Slept
What happened in crypto over the last 10 hours.
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All crypto news
Utah Becomes First State to Target VPNs in Age-Verification Crackdown
Utah passes the nation’s first law criminalizing VPN use to bypass age‑verification mandates, targeting platforms that restrict minors from adult content; the bill imposes up to $5,000 fines per violation and mandates service‑provider compliance. Privacy groups argue the measure infringes First Amendment rights and could set a precedent, prompting nationwide legal battles that may reshape digital‑privacy regulation.
CFTC files to dismiss CME lawsuit over crypto perpetual futures
The CFTC moves to dismiss CME Group’s lawsuit, labeling it “much ado about nothing” and asserting CME lacks standing to sue over crypto perpetual futures, while contesting the exchange’s claims about market manipulation and regulatory compliance; this legal pushback could curb litigation risk, reinforce CFTC authority, and shape future derivatives enforcement in the crypto industry.
Bitcoin Miner Ditches Site for AI Deal That Could Top $1.2 Billion
Bitcoin miner abandons its current site to secure an AI partnership projected to generate $1.2 billion in revenue, with two contract extensions required to reach that figure; an optional expansion of computing capacity could push total earnings above $3 billion, signaling massive demand for AI‑driven mining power and potentially boosting sector valuations as firms chase high‑margin, data‑intensive workloads.
Australia is cracking down on crypto businesses as its strict new regulatory deadline nears
Australia enforces a new regulatory deadline for crypto businesses, threatening civil or criminal penalties for non‑compliance after October 1. Firms must register with the Australian Securities and Investments Commission and meet anti‑money‑laundering standards or risk breaching financial services law. The crackdown signals a tougher stance, tightening market oversight and potentially reducing illicit activity in the sector.
Standard Chartered launches spot Bitcoin and Ether trading in UAE
Standard Chartered announces it is the first major global bank to offer institutional access to spot Bitcoin and Ether trading in the UAE region, signaling a shift toward broader crypto adoption in the Gulf. By providing direct market exposure, the bank attracts hedge funds and family offices, potentially boosting liquidity and encouraging further regulatory clarity across the Middle East.
Bitcoin recovers toward $78,000 as pons and arbitrum extend Robinhood Chain rally
Bitcoin rises 0.76% toward $78,000 after a softer dollar lifts equities and metals, buoying the crypto market. The rally continues as Arbitrum (ARB) and Pons (PONS) climb for a third straight session, reinforcing the upward momentum. Investors anticipate further gains, while analysts warn of potential volatility in the near term.
Live updates: Bitcoin jumps above $81,000 as rates fall, dollar weakens
Bitcoin surges past $81,000 as U.S. rates decline and the dollar weakens, while investors focus on next week's inflation data that will shape Fed policy. The rally reflects renewed confidence amid easing monetary conditions, and traders anticipate that lower inflation could keep rates steady, supporting further gains in the crypto market.
Pencil Finance completes $1M onchain lending cycle for 6.6K students in Southeast Asia
Pencil Finance completes its first on‑chain lending cycle, disbursing $1 million to 6,600 Southeast Asian students who previously lacked access to conventional credit. The platform’s novel loan structure uses blockchain to streamline approvals and reduce costs, enabling rapid, transparent disbursements. By empowering thousands of learners, the initiative signals growing institutional adoption of crypto‑based finance for inclusive education.
Bitget in talks with Wall Street giants including BlackRock to fuel Asian distribution
Bitget is negotiating with major Wall Street firms, including BlackRock, to broaden Asian distribution of tokenized ETFs, says Gracy Chen. The world's largest asset manager exemplifies the growing demand for digital asset exposure in the region. Successful deals could unlock significant capital flows, boost liquidity, and accelerate mainstream adoption of tokenized securities across Asia.
A memecoin making app becomes crypto’s top fee generators as Robinhood Chain activity explodes
A memecoin‑making app tops crypto fee generators as Robinhood Chain activity explodes. Users pay nearly $6 million in a single day to create and trade tokens on Pons, surpassing fees on Pump, Hyperliquid, and even Robinhood Chain itself. This surge signals growing demand for low‑cost token creation, boosting platform adoption and market liquidity.
What Is Pons? The Robinhood Chain Meme Coin Factory Token Up 18,000% Since July
PONS, the token behind Robinhood Chain's biggest meme coin factory, flipped CASHCAT to become the chain's largest cryptocurrency by market cap, and its chart looks like a hockey stick. The token surged 18,000% since July, reflecting a speculative frenzy that fuels the chain's growing ecosystem and attracts new traders seeking high‑risk, high‑reward opportunities.
Coinbase seeks SEC greenlight to list 24/7 equity perpetuals
Coinbase, the largest U.S. crypto exchange, seeks SEC approval to launch 24/7 equity perpetual contracts, tapping growing demand for continuous trading. The move could broaden its product suite, attract institutional traders, and boost liquidity. If approved, it may pressure rivals to expand offerings, potentially raising overall market volatility and fee revenues.
Crypto for Advisors: Why crypto earnings reports can be misleading
Crypto earnings reports often distort reality because they mix on‑chain metrics with traditional accounting, double‑count revenue, and omit volatile token price swings, leading advisors to overestimate profitability; firms typically highlight gross transaction volume while ignoring net fees after network costs, and they present non‑GAAP figures that mask cash‑flow risks, which can mislead investment decisions and distort market valuation.
Bitcoin ETFs Rebound as Ethereum and XRP ETFs End Winning Streaks
Bitcoin ETFs surge, pulling in $101.15 million in a single day after recording their steepest outflow since July, while Ethereum funds see their 12‑day winning streak end and XRP funds halt an 11‑session rally on Wednesday; the inflow signals renewed investor confidence in Bitcoin‑linked products, potentially boosting overall crypto‑ETF demand and market liquidity.
Revolut takes ‘important’ step toward becoming a US bank with conditional OCC approval
Revolut announces it has secured conditional approval from the U.S. Office of the Comptroller of the Currency, marking a pivotal step toward full banking licensure. The regulator’s preliminary sign‑off allows Revolut to pilot limited banking services while it satisfies capital, governance and compliance requirements. This move could broaden its U.S.
ChatGPT, Claude and Grok Outages Leave Users Asking How to Work Without AI
Three major AI services—ChatGPT, Claude and Grok—experience simultaneous outages, halting users’ workflows until Thursday when all platforms restore service; the disruptions expose reliance on generative tools for content creation, coding and research, prompting professionals to adopt manual alternatives and backup processes, while investors watch potential volatility in AI‑related stocks and cloud‑service demand.
Bitcoin reclaims $80K as DXY falls amid continuing suspected yen intervention
Bitcoin rallies 5% to retake $80,000 as the U.S. dollar index falls, driven by suspected Bank of Japan yen intervention; analysts debate the move’s durability, with some citing temporary currency‑flow effects while others point to broader risk‑off sentiment. The price surge underscores crypto’s sensitivity to fiat‑currency dynamics and could boost market momentum.
Michigan authorities continue pursuit to block Kalshi as Supreme Court fight looms
Michigan regulators press to block Kalshi as the company faces a looming Supreme Court showdown, after federal officials instructed it to disregard a June restraining order that barred operations in the state.
OpenAI Releases GPT-6 Astra: The Closest AI Model Yet to AGI
OpenAI launches GPT‑6 Astra, a model that autonomously discovers and exploits previously unknown security vulnerabilities in hardened systems, prompting a staged rollout and a White House security review before any public release. The unprecedented capability raises concerns about AI‑driven cyber threats, urging regulators and industry leaders to tighten oversight and develop defensive AI tools to protect critical infrastructure.
Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Mantle integrates Paxos‑issued USDG as a natively minted stablecoin and joins the Global Dollar Network’s reward‑sharing structure, allowing users to earn incentives on USDG holdings. The addition expands Mantle’s stablecoin options, potentially boosting transaction volume and liquidity, while reinforcing the network’s appeal to DeFi projects seeking reliable, on‑chain dollar assets.
Crypto market cap surges to $2.82 trillion as Zcash leads rally alongside stocks
Crypto market capitalization climbs to $2.82 trillion as Zcash spearheads the rally, while Bitcoin breaches $80,000 and related equities such as Strategy surge. Investors remain divided on Federal Reserve rate outlook, sustaining momentum across digital assets and stocks. The synchronized rise suggests broader risk‑on sentiment, potentially driving further price appreciation across the crypto sector.
Bernie Sanders Pushes Bill to Ban Advanced AI Development
Senator Bernie Sanders introduces legislation that would halt advanced artificial intelligence research, establish a federal regulatory agency, and impose penalties of up to twenty years imprisonment for violations. The bill aims to curb rapid AI deployment, prompting industry leaders to reassess development timelines while investors watch potential delays that could reshape market valuations in the global crypto sector.
SoFi Links Banking Network and Stablecoin to Kraken in New Deal
Kraken lists SoFiUSD and taps SoFi’s 24/7 dollar settlement network, while Kraken Prime begins executing trades for SoFi’s crypto clientele; the partnership grants Kraken direct access to SoFi’s banking infrastructure and expands SoFi’s stable‑coin reach. This integration boosts liquidity for both platforms, accelerates institutional adoption and signals heightened competition among crypto‑fi service providers.
Standard Chartered brings spot crypto trading to Dubai FX platform
Standard Chartered launches institutional spot crypto trading on its Dubai eFX platform, adding Bitcoin and Ethereum to the same rails used for dollar and euro transactions. The move enables banks and asset managers to execute crypto orders alongside traditional FX, boosting liquidity and signaling broader acceptance of digital assets within mainstream financial markets.
Stablecoin payments infrastructure startup Diameter Pay raises $10 million
Diameter Pay secures $10 million Series A funding, co‑led by CMT Digital and Lightspeed Faction, to expand its stablecoin payments infrastructure. The capital will accelerate product development, regulatory compliance and global market entry, positioning the startup to capture growing demand for crypto‑backed transactions. Investors anticipate the infusion will boost adoption and drive broader stablecoin usage across finance.
Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
Payward, Kraken’s parent, partners with SoFi to launch SoFiUSD stablecoin on Kraken, linking Payward to SoFi’s 24/7 dollar settlement network and granting SoFi direct access to Kraken Prime’s digital‑asset liquidity. The collaboration expands stablecoin availability, accelerates real‑time settlement for traders, and signals broader institutional adoption, potentially boosting market depth and liquidity across crypto exchanges.
Strive CEO says company could end 2026 as second-largest public bitcoin holder as ASST climbs
Strive’s shares rise to a year‑to‑date high of $26.84, hovering just under 1% below the warrants’ exercise price, as CEO predicts the firm could finish 2026 as the second‑largest public Bitcoin holder while its ASST metric climbs. The bullish outlook fuels investor optimism, potentially boosting valuation and reinforcing Strive’s position in the crypto‑asset market.
Sony Dismisses PS5 Buyers' $508M Tariff Refund Claim as 'Illogical'
Sony dismisses a $508 million tariff‑refund lawsuit filed by PS5 owners, calling the claim “illogical” after the company raised console prices for a second time in March, just five weeks after U.S. tariffs on Chinese‑made components were struck down; the decision fuels consumer frustration and could pressure Sony to adjust future pricing strategies, affecting PlayStation market dynamics.
Bitcoin Pumps as Fed Signals Rate Pause, $415 Million in Shorts Get Rekt
Bitcoin surges after Fed Governor Christopher Waller signals a possible pause in rate hikes, prompting a broad rally that lifts both stocks and crypto; the cryptocurrency market sees $415 million of short positions liquidated, intensifying buying pressure. The short squeeze fuels a sharp price jump, reinforcing bullish sentiment and suggesting further upside potential across digital assets.
BitMEX co-founder contributed 75% of Reform UK’s donations in Q2 2026
BitMEX co‑founder Arthur Hayes donates roughly 75 % of Reform UK’s £1.2 million Q2 2026 contributions, making him the party’s largest single benefactor. The influx of crypto‑linked funds to Nigel Farage’s movement sparks scrutiny over possible policy sway, as regulators watch heightened industry lobbying that could shape future UK cryptocurrency legislation.
Bybit Pay integrates with Mesh to expand crypto payments
Bybit Pay integrates with Mesh, enabling users to spend digital assets directly from their exchange balances on Mesh‑powered platforms. The partnership streamlines checkout, supports multiple cryptocurrencies and reduces transaction friction, while Bybit leverages Mesh’s API to broaden merchant adoption. This move signals growing on‑ramp utility for crypto, potentially boosting transaction volume and exchange activity.
CFTC Asks Judge to Dismiss CME Lawsuit Over Crypto Perpetual Futures
The CFTC asks a judge to dismiss CME Group’s lawsuit over Kalshi’s Bitcoin perpetual futures, arguing CME cannot contest the regulator’s approval without demonstrating concrete financial injury. By insisting the exchange provide specific loss calculations, the CFTC seeks to limit costly litigation and preserve its authority to sanction new crypto derivatives, influencing market confidence and future product launches.
Bitcoin-gold correlation hits six-year high, but analysts question whether equity decoupling will last
Bitcoin’s correlation with gold spikes to a six‑year high, while its link to U.S. equities weakens, prompting Glassnode to caution that past brief divergences rarely endure; the firm notes similar patterns faded quickly before, suggesting the current equity decoupling may be temporary and could reignite broader market volatility for investors.
The yen is surging and it’s helping bitcoin, for now
The yen’s surge pushes the Dollar Index down, creating broad‑based USD weakness that lifts both Bitcoin and gold; Bitcoin climbs above $27,000 as traders seek non‑dollar assets, while gold edges higher on safe‑haven demand. This currency shift temporarily fuels crypto rallies, but sustained yen strength could tighten liquidity and pressure digital‑asset prices if the dollar rebounds.
FX has stopped reading bond yields the old way. Bitcoin should too.
FX stops reading bond yields the old way, prompting Bitcoin analysts to abandon traditional yield‑curve cues; the article notes that on September 3, 2026, market participants focus on real‑time on‑chain metrics and macro‑risk sentiment rather than static Treasury spreads, causing Bitcoin’s price to react more sharply to liquidity shifts, which could increase volatility and reshape trading strategies.
Mamdani Imposes One-Year Moratorium on Generative AI in NYC Schools
Mamdani announces a one‑year moratorium on generative AI across New York City public schools, cutting off access for roughly 600,000 students while permitting five approved vendors to continue limited, metered pilots in select high schools; the abrupt restriction sparks debate over curriculum modernization, prompting districts to reassess technology budgets and potentially slowing AI‑driven educational innovation.
Morning Minute: Strategy CEO Says Selling The Bottom Was Correct Move
Strategy’s CEO explains that selling millions of Bitcoin when prices slipped into the low $60,000 range and then repurchasing at $80,000 was a deliberate, correct move; the firm capitalized on a market dip, secured liquidity, and positioned itself for upside as Bitcoin rallies, signaling confidence that disciplined timing can boost portfolio performance and influence broader crypto trading strategies.
SoFi, Kraken tie up as crypto and banking push into each other's turf
Kraken joins SoFi’s settlement network and adds SoFiUSD to its offerings, linking traditional banking services with crypto markets. The partnership enables SoFi users to move fiat and digital assets seamlessly while giving Kraken access to SoFi’s banking infrastructure and customer base. This collaboration blurs the line between finance and crypto, likely boosting adoption and driving competitive pressure across both sectors.
Nvidia buys Hugging Face for $12.9B in push into AI software
Nvidia acquires Hugging Face for $12.93 billion, instantly adding a platform accessed by over 18 million developers to share and deploy AI models. The deal expands Nvidia’s AI software stack beyond hardware, positioning it to capture more of the burgeoning generative‑AI market. Investors anticipate stronger revenue diversification and potential stock uplift across the sector.
SoFi, Payward agree to link banking network with Kraken infrastructure
SoFi Technologies partners with Payward, enabling SoFi’s banking settlement network to link directly to Kraken’s digital‑asset infrastructure, allowing users to move fiat and crypto seamlessly across both platforms. The integration supports instant settlement, broader asset access and compliance tooling, which could boost SoFi’s crypto adoption rates while strengthening Kraken’s liquidity pipeline, driving competitive pressure across the fintech‑banking ecosystem.