Crypto Industry News & Market Trends

Fairshake plans $30M push against Sherrod Brown

Crypto-backed super PAC Fairshake has prepared an expenditure of at least $30 million to oppose former Sen. Sherrod Browns return to the U.S. Senate following the failure of the CLARITY Act.　　SummaryFairshake reportedly plans its largest expenditure of the 2026 election cycle against Brown.Brown is challenging Republican Sen. Jon Husted in Ohios November special election.Brown previously chaired the Senate Banking Committee and opposed several crypto-backed proposals.Fairshake and its affiliates had accumulated more than $193 million by January.　　Fairshake prepares its largest 2026 expenditure　　Eleanor Terrett, host of Crypto in America, reported on X that Fairshake plans to spend at least $30 million against Brown, citing an initial report from The New York Times and confirmation from a spokesperson for the political action committee.　　If completed, the allocation would become Fairshakes largest expenditure during the current election cycle. The decision arrived after the Senate rejected a procedural motion on the Digital Asset Market Clarity Act, an industry-backed bill intended to divide federal oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission.　　Brown is seeking an Ohio Senate seat in a special election against Republican Sen. Jon Husted. Describing the campaign as a re-election bid would be inaccurate because Brown

09-22Industry

Ethereum Futures Activity Hits Nine-Month High on Binance

Ethereum OI reaches $6.58 billionEthereum gains momentum　　Ethereum is trading up above the key $2,700 mark, stirring a major resurgence in its derivatives market on the worlds largest cryptocurrency exchange, Binance.　　Per recent data from crypto analytics platform CryptoQuant, Ethereum futures activity on Binance is back on fire, surging to its highest level in nine months.　　Ethereum OI reaches $6.58 billion　　While the prolonged market volatility seen in the previous months has caused Ethereum futures activity to slow significantly across major exchanges, the market has witnessed a sharp reversal.　　Bitcoin Reclaims Key Weekly Level for First Time in 45 Weeks　　Zcash (ZEC), Hyperliquid (HYPE), Avalanche (AVAX) and Shiba Inu (SHIB) Price Analysis for September 21: Pivotal Moment for Bullish Market　　According to the data, the resurgence in Ethereum futures activity began in late August, when Ethereums open interest on the exchange stood at about $4.8 billion.　　You Might Also Like　　As of September 21, the Ethereum open interest on Binance has surged to $6.58 billion from the level it was at late last month, marking a substantial increase of about 37% in less than a month.　　This means that the leading cryptocurrency has added about $1.78 billion to the amount of outstanding Ethereum futures contracts over the period.　　Ethereum gains momentum　　While

09-22Industry

Strategy spends 2.3 times more on STRC than Bitcoin

Strategy has spent $174 million repurchasing STRC preferred shares and $75.7 million buying Bitcoin, directing 2.3 times more cash toward its stock buyback even as it resumed BTC accumulation.　　SummaryStrategy spent $174 million on STRC shares and $75.7 million on 950 BTC.The company used existing cash while making no sales through its stock offering programs.Bitcoin holdings reached 846,000 BTC, acquired for a combined $63.80 billion.Strategy also paid $57.4 million in preferred dividends and debt interest.　　Strategy divides $307.1 million among three uses　　Strategys Sep. 21 Form 8-K, filed with the U.S. Securities and Exchange Commission, showed that the company deployed $307.1 million across Bitcoin, preferred-share repurchases, dividends and interest between Sep. 14 and Sep. 20.　　Of that amount, $174 million went toward repurchasing STRC shares, while $75.7 million funded the purchase of 950 BTC. Another $57.4 million came from the companys USD Reserve to cover preferred-stock dividends and interest on outstanding debt.　　The transactions mean nearly 57% of the disclosed weekly spending went to STRC repurchases. Bitcoin accounted for about 25%, while dividends and interest represented the remaining 19%.　　Discover more　　Financial technology news　　Crypto tax software　　Trade Crypto Assets　　Strategy bought 1,751,480 STRC shares during the period at an average price of approximately $99.34 each. The variable-rate Series A

09-22Industry

Figure, Boston Dynamics and Unitree post humanoid gains in a single week

Three of the biggest names in humanoid robotics have announced milestone achievements within days of each other. 　　Figures software reported that it completed tasks in 30 homes it had never seen, while Boston Dynamics opened an Atlas training center inside a Hyundai plant in Georgia, and Unitree put a 22-joint robotic hand on sale for $6,500.　　Can humanoid robots be used reliably in real life settings？　　Figure AI has reported that it took its Figure 03 robot, which is 173 cm tall and weighs 61 kilograms, into 30 Bay Area homes and asked it to complete simple tasks like tidying living rooms, folding towels, and making beds.　　Discover more　　Order Custom Prints　　Finance　　financial　　Across 420 attempts, the robot finished the task successfully 56% of the time despite not having any data collected in those homes or receiving any tuning on arrival.　　Figure ran the same test with an identical model that had not been trained on the companys Index dataset, and it only managed to succeed 9% of the time.　　Figure says the Index, which is a crowdsourced library of human-behavior videos, now grows by about 35 minutes of footage every second, roughly 5.7 years of human activity a day.　　On the same day, Boston Dynamics opened its Robotics

09-22Industry

Can a Fruit Fly Brain Mine Bitcoin？ These Companies Are Testing It

In briefFutureBits HashFly uses 2,914 simulated neural traces to perform simplified Bitcoin hashing.The browser experiment runs on conventional hardware and is not competitive with an ASIC miner.A separate project, FlyMiner, uses simulated neural activity to decide when a standard hashing engine runs.　　As Bitcoin miners turn to increasingly specialized chips for greater speed and energy efficiency, hardware maker FutureBit says it has tested a different approach: using a simulated fruit fly brain to perform mining calculations in a web browser.　　The HashFly demonstration simulates activity across 2,914 neural pathways taken from MaleCNS v1.0, a digital wiring diagram of an adult male fruit flys brain and central nerve cord.　　Myriad: How high will Bitcoin go？ Click to make your prediction.　　FutureBit said on X that the company is working to simulate all the neurons in the dataset with SHA-256 and plans to publish its findings.　　“Fun fact if this could be scaled on real organic neurons, it would hash at ~ 1 watt per terahash…10x the efficiency of the best silicon 3nm ASICs!” the company wrote.　　Introducing HashFly…the first organic neuron bitcoin miner based on the fly brain.　　Fun fact if this could be scaled on real organic neurons, it would hash at ~ 1 watt per terahash…10x

09-22Industry

BitMine Buys 27,562 ETH in a Week as Holdings Reach $17.1 Billion

The company is on track to reach its goal of owning 5% of ETHs supply.　　BitMine Immersion Technologies (BMNR) bought 27,562 Ethereum (ETH) over the week to September 20 and reported combined crypto, cash, and moonshot holdings of $17.1 billion in a press release and 8-K filed September 21.　　Total holdings rose $1.3 billion from the $15.8 billion BitMine reported a week earlier, when it added 27,180 ETH. The company marked its Ether at $2,688 per token, per Coinbase, up from $2,513 a week earlier. That mark puts the weeks purchases at roughly $74 million, with the treasury at 5,983,940 ETH.　　Staked Total Flat Since Late August　　BitMine Chairman Thomas “Tom” Lee stated the company “has bought ETH each and every week since the inception of its ETH Treasury Strategy on June 30, 2025,” a track record he called “unmatched by any public company in the world.” The pace has swung this year; one July purchase fell to 7,430 ETH, down from more than 30,500, a slowdown Lee tied to share buybacks.　　Holdings equal 4.9% of the 122.1 million ETH in supply, and BitMine puts itself 98% of the way to its target of owning 5% of all ETH, the plan it calls the Alchemy

09-22Industry

Massive Short Squeeze Sends Bitcoin Price Above $86,000

Bitcoins price rallied past $86,000, achieving a 6% daily gain and pushing its market capitalization to $1.72 trillion. The move brought the asset near its Jan. 1 opening price of $87,575, narrowing year-to-date losses to under 2%.　　Key TakeawaysBitcoins price rallied past $86,000, lifting its market cap to $1.72 trillion and trimming YTD losses below 2%.The rapid surge triggered over $454 million in bitcoin short liquidations within a 24-hour window.Glassnode anticipates ongoing momentum, though $300 million in weekly ETF outflows remains a drag.　　Two Waves of Price Action Lead to $1.72T Market Cap　　Bitcoin‘s price tapped $86,000 shortly after midmorning as the cryptocurrency built on Friday’s momentum, when it reclaimed the $80,000 threshold. The latest climb also brought the asset within striking distance of its 2026 opening price, narrowing its year-to-date losses to less than 2%. Market data show bitcoin experienced two rallying waves, with each pushing the price to a new multi-month high.　　As reported by Bitcoin.com News, the first and most significant wave saw bitcoins price rally from $81,525 to just over $85,250 within two hours. While an ensuing sell-off dragged the price down to $81,150 around 6:40 a.m. EST, the dip was short-lived, and the price climbed back above $85,000 less

09-22Industry

NEAR jumps nearly 80% in a week as Intents volume nears $30B

Near Protocols native token surged nearly 80% over the past week, outpacing the wider crypto market as the network expanded its privacy-focused trading services.　　On Monday, NEAR traded around $4.29, up about 78.2% over seven days and 22% over the past 24 hours, according to CoinGecko. Total cryptocurrency market capitalization rose about 6% over the same seven-day period.　　On Thursday, Near Protocol said deposits and withdrawals for perpetual futures trading through near.com were now confidential by default. Near said the feature obscures the link between a traders funding wallet and a dedicated Hyperliquid trading account.　　On the same day, Near said near.com‘s confidential total value locked (TVL) had crossed $70 million, triggering the first snapshot under its NEAR@3.33 incentive program. The program allocated 333,333 milestone tokens for the first distribution. Under the program’s rules, those tokens unlock and convert to NEAR when its three-day volume-weighted average price reaches at least $3.33.　　NEAR Intents reaches $29.3 billion in cumulative volume　　NEAR Intents lets users request cross-chain swaps, with market makers competing to execute them.　　The NEAR Intents Explorer showed about $29.3 billion in cumulative volume and $842 million over the past seven days on Monday. Privacy-focused Zcash wallet ZODL was its third-largest referral source by volume over

09-22Industry

Circle launches Bitcoin-backed USDC borrowing for institutional clients

Stablecoin issuer Circle has launched a Bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC through onchain lending markets.　　The service, called Digital Asset-Backed Borrowing, lets customers deposit Bitcoin, mint Circles wrapped Bitcoin token cirBTC and supply it as collateral to supported third-party lending markets on Arc or Ethereum. Morpho is the first lending protocol supported, with Circle planning to add Aave and other protocols. The rollout coincides with cirBTC going live on Arc on Monday.　　According to Circle, borrowed USDC is deposited directly into the customers Circle Mint balance, while borrowing rates, collateral requirements and liquidation thresholds are set by the third-party lending market. The borrowing positions are overcollateralized, with collateral supplied through a customer-controlled wallet to third-party DeFi protocols rather than lent directly by Circle. New York clients are excluded.　　Circle previously launched cirBTC on Ethereum in June. The token is backed 1:1 by Bitcoin held in custody by Circle National Trust.　　Both launches come days after Circle rolled out the Arc mainnet, its layer-1 blockchain targeting stablecoin payments and financial markets. Arc uses USDC as its native gas token and supports tokenized assets including BlackRock‘s BUIDL and Circle’s USYC.Source: Circle　　Institutional crypto

09-22Industry

Bitcoin hits $86,000 putting ETF investors back in profit after $86 billion wipeout

Bitcoins rally toward $86,000 has pushed US spot exchange-traded fund (ETF) investors back into profit after months underwater.　　Related Asset Bitcoin #1 BTC · $85,970.47 24-hour change: up 5.84% Loading price history… 24H Up 5.84% 7D Up 9.07% 30D Up 11.24%　　Data from CryptoSlate showed Bitcoin gained about 6% over the past 24 hours, extending its September rebound and briefly trading near $86,000.　　Bloomberg Intelligence ETF analyst James Seyffart said the move put the average US Bitcoin ETF holder above water for the first time since January. The funds estimated buys-only cost basis stands at about $81,722 per Bitcoin, while their net cost basis sits closer to current prices.　　US Bitcoin ETFs Cost Basis (Source: Bloomberg Intelligence)　　Bitcoin traded around $85,165 in Bloomberg Intelligence‘s latest reading, clearing both levels and reversing much of the damage inflicted on ETF investors during this year’s downturn.　　Related Person James Seyffart Bloomberg Intelligence ETF Analyst · Bloomberg　　The turnaround has been dramatic. US Bitcoin ETF investors held about $86.32 billion in unrealized gains on Oct. 6, 2025, before the subsequent selloff erased that entire cushion. By Sept. 18, the cohort was sitting on an estimated $780 million unrealized loss.　　Bitcoins latest advance has effectively repaired that drawdown. Capital flows have recovered more

09-22Industry

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