Crypto Industry News & Market Trends

XRP ETF filing raises questions over Ripple escrow

Cryptex Finance filed an amended registration statement on Aug. 24 for its proposed Digital Market Cap ETF, including XRP at a 4.88% fund weighting.　　The document also claims Ripple could release additional XRP from escrow if Congress passes the CLARITY Act.　　The wording attracted attention because Ripple has not publicly confirmed such a plan. The document is a disclosure prepared by Cryptex and filed with the U.S. Securities and Exchange Commission. It does not represent an SEC finding or an announcement from Ripple.　　Cryptex included the XRP escrow claim in its filing　　The amended S-1 filing states that Ripple historically returns 60% to 80% of its monthly XRP releases to escrow. It then makes a broader claim about future distributions.　　“The company has indicated that, if regulatory clarity is established … it may release additional XRP from escrow to support on-ledger liquidity in stablecoin and FX pairs.”　　The statement does not identify its source. It also does not provide a link, date or named Ripple representative. Attorney Bill Morgan questioned where Cryptex obtained the information, saying he did not recall Ripple announcing that intention.　　A registration statement filed with the SEC yesterday for Cryptex Digital Market Cap ETF provides a fund weight of 4.88% for $XRP　　I found

2 days agoIndustry

Revolut launches MiCA compliant EURR stablecoin in Europe

Revolut has begun rolling out its first stablecoin, euro-pegged EURR, to selected customers in Denmark, Poland and Portugal, with expansion across other EEA markets planned later in 2026.　　SummaryRevolut has launched EURR for selected customers in Denmark, Poland and Portugal.EURR is issued by Bridge Building and is designed to maintain a value of €1 under MiCA requirements.The stablecoin will initially run on Ethereum, with external wallet transfers and more networks planned.Revolut plans to expand EURR across the EEA later this year and develop stablecoins tied to other currencies.　　Revolut said Wednesday that the phased launch gives eligible customers access to a euro-denominated onchain asset directly through its retail app, while additional stablecoins tied to other currencies are being developed under separate regulatory routes.　　EURR stablecoin starts with a three-country rollout　　The first distribution covers eligible users in Denmark, Poland and Portugal, with access expected to reach other European Economic Area markets later this year depending on product, operational and regulatory readiness.　　EURR is issued by Bridge Building S.A., the Luxembourg-based entity of stablecoin infrastructure company Bridge, which Stripe acquired for $1.1 billion in February 2025. The token is designed to maintain a value of €1, with reserves held and managed by Bridge under requirements set

2 days agoIndustry

Bitcoin traders hedged $60k and loaded up above $78k leaving the low $70k exposed

Bitcoins end-of-September options expiry holds 130,670 BTC of open interest, compared with 79,003 BTC for August, a headline gap large enough to look like traders are loading up before the Federal Reserves Sept. 16 decision.　　Related Asset Bitcoin #1 BTC · $78,346.43 24-hour change: down 1.60% 24H Down 1.60% 7D Up 21.82% 30D Up 20.09%　　DWF Labs market insights lead Martin Lee said in a note that most of that gap has nothing to do with the Fed. September and December are the two quarterly expiries in Bitcoin options, and together they hold 59.3% of all open interest, since traders often roll positions into them.　　The story sits in how the market has quietly repriced its own risk.　　Related Company DWF Labs Digital asset market maker　　The September book is mostly a red herring　　Lee found that the top five strikes account for 31% of Septembers open interest, the same concentration he sees in both December and March. If September were an aggressive, concentrated bet on the Fed, the book would probably look different from routine quarterly positioning elsewhere on the calendar.MetricSeptember expiryAugust expiryWhat it meansOpen interest130,670 BTC79,003 BTCSeptember is much larger on the headline numberRelative size1.65x AugustBaselineBig, but not quite “double”Top five strike concentration31%N/ASame as

2 days agoIndustry

Russian telecom giants prepare to accept digital ruble payments from Sept. 1

Russias MTS, Rostelecom and MegaFon have prepared to accept digital ruble payments from Sept. 1 as Russia begins the first mandatory stage of its nationwide central bank digital currency rollout.　　Vedomosti reported that the three major telecommunications operators are preparing their payment systems for the launch, with MTS offering digital ruble transactions across services connected to MTS Pay while Rostelecom and MegaFon work on their own integrations.　　MTS plans to make the payment option available without restricting it to particular products or services. Customers will initially be able to use digital rubles through the My MTS mobile app and the companys online store, while other services using the MTS Pay payment module can also support the option.　　For customers, the process will work much like Russia‘s Faster Payments System. A user with a digital ruble account can select the digital ruble at checkout, choose a participating bank and approve the transaction through the bank’s interface, according to MTS.　　The digital ruble account itself is held on the Bank of Russias platform, with commercial banks providing customers access through their apps. The central bank issues the CBDC and operates the underlying platform, while one digital ruble remains equal in value to one conventional ruble.　　Rostelecom will

2 days agoIndustry

CLARITY Act News: Senate Vote and Crypto Regulation Outlook

In CLARITY Act news today, the Digital Asset Market Clarity Act remains a bill, not a law. Although the House passed it 294-134 in July 2025, the Senate had not held a floor vote or filed a cloture motion before setting the measure aside ahead of the August recess.　　The Senate left Washington without voting on the crypto market-structure bill, narrowing the time available for action before the midterm elections.　　Senate Majority Leader John Thune said the measure would go to the floor in September. Lawmakers are due back for a brief, roughly three-week session before leaving to campaign, leaving the bill to compete with other legislative priorities. The Senates next steps will show whether negotiators can resolve the dispute that has held up the legislation.　　Now, prediction markets such as Kalshi are pricing in an 8% chance of the bill passing in September, down from 10% just yesterday. 54% of the $6.7M in volume in this market believe the bill will be passed by July 1, 2027.　　Discover more　　FINANCE　　Investors　　NEWS　　(SOURCE: Kalshi)　　CLARITY Act News: From House Passage to a Shelved Senate Bill　　The House approved the CLARITY Act with substantial bipartisan support. The Senate Banking Committee later advanced its version, with two Democrats voting in favor,

2 days agoIndustry

Euro: Holds near 1.1670 against US Dollar as rate moves offset

Danske Research Team reports that EUR/USD remained little changed around 1.1670, with the chart showing only a modest pullback from overnight highs before a partial recovery. Lower US yields and softer oil prices weighed on the Dollar, but declining European rates limited the Euros upside, leaving the pair without a clear directional signal.　　EUR/USD stays broadly stable despite softer US yields　　“US yields and oil prices moved lower yesterday, with Brent falling below USD90, as rumours stirred that there might be renewed hope for diplomacy between the US and Iran. EUR/USD was little changed however, as European rates declined as well.”　　Discover more　　Merchant Services & Payment Systems　　Digital Currencies　　investors　　“In the euro area, The German Ifo index rose by more than expected in August. The current assessment index rose to 88.5 (cons: 87.0, prior: 86.6) which is the highest level since 2024. Expectations rose to 89.1 (cons: 87.5, prior: 86.6) and are thereby almost back at the pre-war level.”　　“The evidence of a clear rebound in the German economy is thus piling up, particularly driven by the manufacturing sector. We expect the rebound to continue going forward as orders are up markedly and fiscal policy supports activity.”　　“In the US, consumer confidence weakened further in August, with

2 days agoIndustry

Boeing Lands $131 Billion F-15 Deal — Heres What It Means for BA Stock

Boeing has secured a massive new US military contracting vehicle worth up to $131.23 billion. This could potentially provide more than a decade of work for the aerospace giants F-15 fighter jet business.　　The US Department of War awarded Boeing an indefinite-delivery/indefinite-quantity contract for the F-15 Eagle Crest program. It covers new aircraft production, systems integration, modernization, upgrades, retrofits, sustainment and depot maintenance. Work will primarily take place in St. Louis, Missouri, and could continue through August 2037.　　(Source: US Department of War)　　However, the headline $131 billion figure comes with an important caveat: it is the contracts ceiling, not money Boeing is guaranteed to receive.　　Only $343,740 in fiscal 2026 research, development, testing and evaluation funding was obligated when the contract was awarded. Boeings eventual revenue will depend on orders placed under the agreement. The initial ordering period runs through August 2031, with an option to extend it to August 2036.　　Why the contract matters for Boeing　　The award arrives as Boeing tries to strengthen a defense operation that is growing but still faces profitability challenges.　　Boeing Defense, Space & Security generated $7.48 billion in second-quarter revenue, up 13% year over year, but recorded a slight operating loss. Its defense backlog stood at roughly $85 billion

2 days agoIndustry

Zerohash files second OCC trust bank application

Zerohash submitted a second application for a U.S. national trust bank charter on Aug. 19, approximately one month after the Office of the Comptroller of the Currency returned its original filing.　　The OCCs record lists the proposed institution as Zerohash National Trust Bank. It would be based in Asheville, North Carolina, and operate under a holding company structure if approved.　　The regulator opened public comments on Aug. 18. Comments must arrive by Sept. 17, giving interested parties 30 days to respond. The public record currently lists the application as received. It does not show an approval, denial or other regulatory decision.　　Zerohash narrows its second OCC application　　The OCC received Zerohash‘s first charter application on March 2 and returned it on July 17. The agency’s public database does not explain which parts of the proposal prompted the return.　　A returned application is not the same as a denial on its merits. It generally means the filing did not advance through the OCCs review process in its submitted form. The regulator assigned the second application a new control number and proposed charter number.　　Zerohash previously said the initial return occurred “in coordination with the OCC” and was “not a substantive decision on the merits.” Those statements represent

2 days agoIndustry

US bank lobby wants stablecoin holders to open an account before cashing out

The American Bankers Association is pressing US regulators to require anyone who buys or redeems a payment stablecoin directly with its issuer to open an account and complete customer identification.　　For a holder coming from self-custody, that would turn a direct cash-out into an issuer-onboarding event.　　The Blockchain Association accepts identity checks for direct primary-market account customers but says an optional one-off redemption or a redemption routed through another regulated intermediary should not automatically make the underlying holder an issuer customer.　　The disagreement surfaced in comments on a joint federal proposal for stablecoin issuer customer identification programs, known as CIPs.　　The Federal Reserves public index lists the ABA comment as posted that day and the Blockchain Association comment as posted Aug. 24, alongside other R-1885 responses.　　The agencies eventual choice will determine whether asking an issuer for dollars always opens an account or whether some holders can redeem without establishing that relationship.　　The proposal leaves the cash-out boundary unresolved　　The June proposal would require permitted payment stablecoin issuers to operate a CIP for customers who open accounts. A CIP is the account-opening process used to collect and verify a customers identifying information.　　Directly issuing or redeeming payment stablecoins are among the activities the proposal says can establish an

2 days agoIndustry

Kalshi raises $1.12 billion after securing $22 billion valuation

Kalshi has raised about $1.12 billion through an equity offering since April, with a new U.S. securities filing showing roughly $380 million remains available under the nearly $1.5 billion offering.　　SummaryKalshi has sold $1.12 billion in equity since April, according to an SEC filing.About $380 million remains available under the nearly $1.5 billion offering.The total may include Kalshis $1 billion Series F, which valued the company at $22 billion.Kalshi is reportedly discussing another $750 million raise at a $40 billion valuation.July trading volume reached about $40 billion, well above Polymarket and Polymarket US combined.　　The Securities and Exchange Commission filing submitted on Aug. 25 shows Kalshi Inc. has sold $1.12 billion of equity since the first sale took place in April, providing a new figure for the prediction market operators fundraising during a year in which its private valuation and trading activity have climbed sharply.　　Filed through Form D, the notice lists the total offering at nearly $1.5 billion and records about $380 million as remaining unsold. Form D is used by companies to report securities offerings that rely on exemptions from full SEC registration requirements.　　The filing does not break down which financing rounds make up the $1.12 billion already sold. The Block,

2 days agoIndustry

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