Crypto Industry News & Market Trends

Sam Bankman-Frieds $500 Million Investment Still Haunts Anthropic

Sam Bankman-Fried (SBF) led a $580 million funding round into Anthropic in April 2022. Critics say the donor network he championed still amplifies the artificial intelligence (AI) safety message his money paid for.　　The FTX founder holds no stake today. Prosecutors forced a sale of his shares to repay creditors. The effective altruism network he backed, which funds causes it judges most urgent, stayed in place.　　Sponsored　　Sponsored　　Where Bankman-Frieds Anthropic Money Went　　Bankman-Fried put roughly $500 million into Anthropic in 2021 for about an 8% stake. Anthropic builds the Claude chatbot.　　Months after the April 2022 round, FTX collapsed. He was convicted of defrauding investors of $3 billion and is serving 25 years.　　BeInCrypto reported in June that the estate sold that Anthropic stake for about $1.3 billion in 2024. It would be worth more than $30 billion at Anthropics latest $380 billion valuation.　　Sponsored　　Sponsored　　Where the Networks Money Goes Today　　Dustin Moskovitz, a Facebook co-founder, invested in Anthropic in 2021. He sits on the board of Coefficient Giving, the grantmaker formerly called Open Philanthropy.　　Coefficient is a major backer of the Tarbell Center for AI Journalism, which pays more than 80 reporters at outlets including Time, Bloomberg, and The Guardian. It says they are independent.　　Longview Philanthropy, another effective altruism

09-17Industry

Where Do Latin America's Dollars Actually Live？

Washington‘s stablecoin debate is about characteristics: who can issue one, what has to back it, and how it gets audited. The Federal Reserve, the US central bank, and the OCC, the regulator that supervises the country’s national banks, cannot simply accept that a token is worth one dollar; they have to control who is allowed to make that promise. 　　Because a dollar-pegged token is, in a real sense, a representation of the countrys own currency.　　Latin America is regulating something structurally different: access to a currency none of its governments control. For a saver in Buenos Aires, Bogota, or Mexico City, whether the token behind their savings is USDC, USDT, or whatever wins that fight barely matters, as long as it holds its peg and the custodian is solvent.　　That asymmetry explains a mistake regional regulators keep edging toward: importing Washingtons fight over issuer specs, when the real problem here is different, and harder.　　The real question is not which stablecoin wins. It is where the dollars backing it should live.　　Offshore Dollars Become a Domestic Policy Problem　　A dollar in a reserve account in New York does the same job, on a user‘s screen, as a dollar in a reserve account in Buenos Aires

09-17Industry

Meme Coin Launchpads Captured 82% of Arc's First Day Trading Volume

Meme coin launchpads accounted for roughly 82% of the $410.8 million in decentralized exchange volume that Circles Arc network cleared on its first day of public mainnet.　　Circle built Arc for financial markets, real-time money movement, and agentic economic activity. Instead, speculative traders set the tone on the first day.　　Sponsored　　Sponsored　　Circle Pitched Institutions Meme Coin Traders Showed Up First　　Arc is an open Layer 1 network built by Circle, the issuer of USDC (USDC). The company marketed Arc as an “economic operating system” for the internet. Its founding validator set includes BlackRock, Visa, Mastercard, DTCC, and ICE.　　More than 100 institutional and ecosystem builders had already deployed on or tested Arcs private mainnet before the public opening.　　Asset managers, including Bitwise, BlackRock, and Janus Henderson, are moving tokenized funds onto the chain. Payment firms such as Visa and MoneyGram plan to run stablecoin settlement through it.　　Trading venues arrived alongside them. Uniswap, Robinhood, and Pump.fun are among the platforms expanding spot, perpetual, and cross-chain markets.　　“Today we are switching on something the world has never had before: an open, neutral, always-on economic operating system for the internet, secured by some of the most important financial institutions on Earth, and built for a world where both people and

09-17Industry

Hacker turned 55 days of failed transactions into a $3 million master key that drained GalaChain wallets

GalaChains August exploit turned failed transactions into reusable authorization, exposing a security flaw that had survived multiple audits.　　Related Asset Gala #192 GALA · $0.00174 24-hour change: up 7.64% Loading price history… 24H Up 7.64% 7D Up 0.47% 30D Up 23.23%　　The blockchain developed by Gala Games said the attacker used historical signatures from unsuccessful transactions to drain about 2 billion GALA (about $3 million) and dozens of other tokens from nine wallets on Aug. 18.　　Its Sept. 14 postmortem depicts an operation prepared before the first unauthorized transfer, with mapped balances, automated submissions, and a weakness spanning both signature verification and replay protection.　　Gala patched the flaws after pausing its bridge during the attack. The incident now raises a broader question for blockchain operators: whether systems built around valid signatures and human-triggered emergency controls can respond quickly enough once exploitation has been automated.　　Failed transactions became an attack inventory　　The attacker arrived with 74 replayable signatures gathered from failed transactions stretching back as far as 55 days, Gala said.　　Those signatures were paired with what appears to have been detailed knowledge of the affected accounts. Of 59 account-token combinations targeted during the incident, 56 were drained for their exact balance on the first attempt. The four

09-17Industry

Franklin's XRP ETF Pulls In Fresh $3.5 Million

Franklin Templetons XRP exchange-traded fund has recorded another round of fresh investor demand, with XRPZ attracting roughly $3.5 million in net inflows.　　The Franklin XRP ETF was the only XRP fund to record positive flows for the day, according to the latest fund-flow data.　　More precisely, separate SoSoValue data put XRPZs Sept. 16 net inflow at $3.5013 million. The fund has now accumulated roughly $483 million in net inflows.　　CoinGlass data supplied for the preceding sessions shows that XRP ETFs recorded $2.73 million in net inflows on Wednesday, with the entire amount attributed to Franklins XRPZ.　　There were no net flows recorded on Sept. 15. One day earlier, however, XRP ETFs attracted $8.40 million.　　On Sept. 11, the funds recorded no net inflows or outflows. Franklin then accounted for all of the $3.69 million in net inflows recorded on Sept. 10.　　Sept. 9 was one of the stronger recent sessions. XRP ETFs attracted approximately $8.67 million in total, including $6.57 million flowing into Bitwise‘s product and another $2.11 million going into Grayscale’s XRP fund.　　Franklin has been one of the most consistent sources of fresh XRP ETF demand during September.　　XRPs most recent price drop　　The fresh ETF inflows are particularly notable because they have come against the backdrop

09-17Industry

GBP/USD Price Forecast: Trades vulnerable below 1.3400 ahead of BoEs policy decision

The British Pound (GBP) is under severe pressure against the US Dollar (USD) during the early European trading session on Thursday, holding onto recent losses near 1.3378. The GBP/USD pair remains vulnerable as the US Dollar outperforms, following the Federal Reserves (Fed) monetary policy announcement on Wednesday.　　The British currency is expected to remain highly volatile as the Bank of England (BoE) is scheduled to announce its monetary policy at 11:00 GMT.　　BoE seen on hold as softer UK data give room to pause　　Strategists at Brown Brothers Harriman (BBH) note that the BoE is “widely expected to keep the policy rate at 3.75% for a sixth straight meeting” at Thursdays decision. They anticipate “another 6-3 vote,” with Megan Greene, Catherine L Mann and Huw Pill “backing a 25bps hike,” even as the majority opts to stay on hold.　　As the BoE is almost certain to maintain the status-quo, market reaction on the Pound Sterling will likely hinge on inflation and the monetary policy outlook.　　The Consumer Price Index (CPI) report showed on Wednesday that the headline inflation accelerated to 3.1% Year-on-Year (YoY) in August from 2.9% in July, with core figure remaining steady at 2.6% YoY.　　Discover more　　News　　Distributed & Cloud Computing　　Business Operations　　GBP/USD Technical Analysis　　In the

09-17Industry

Ethereums client diversity picture fractures under incompatible estimates

Ethereum validators rely on independently built consensus clients to agree on the chain, and that diversity is a safety feature. If a defect affects a client used by too much of the network, Ethereum can stop finalizing blocks or, under more extreme conditions, finalize the wrong chain.　　Related Asset Ethereum #2 ETH · $2,433.47 24-hour change: up 1.08% Loading price history… 24H Up 1.08% 7D Down 1.54% 30D Up 28.79%　　Yet a Sept. 16 snapshot of one client-diversity dashboard offered three incompatible answers about which client had the largest share. Clientdiversity.org showed Blockprint estimating Teku at 99.83%, Miga Labs estimating Lighthouse at 51.32%, and Rated estimating Teku at 53.86%.　　Those are readings coming from different proxies, and one is attached to a tool its developer now calls defunct. Ethereum researchers are exploring stronger validator privacy.　　A Lean-chain research proposal would use fresh validator keys each day and hide links between deposits, validator activity and withdrawals, weakening some of the traces used to measure operator and stake concentration.　　The central question is whether Ethereum can replace imperfect surveillance with authenticated aggregate reporting before those persistent identifiers disappear.　　Why the disputed numbers matter　　Ethereum.orgs client-diversity guidance describes two distinct failure levels.　　A bug in a consensus client used by more

09-17Industry

Lummis Says CLARITY Act Is Dead. The Democrats Who Killed It Say Otherwise

Seven Senate Democrats voted Nay on the Senate‘s September 15 cloture vote on the Digital Asset Market Clarity (CLARITY) Act, according to the chamber’s official roll call. Preceding this, CLARITY Act champion Senator Lummis said if it failed its first vote, they were ‘done.’　　A day later, the same seven declared themselves committed to passing the bill.　　Sponsored　　Sponsored　　The Record Is Clear　　Senate Roll Call Vote 234, taken at 2:19 p.m. ET on September 15, lists each of the seven by name against the bills cloture motion, the procedural step that needed 60 votes to advance debate and fell to 49.　　Senator Cynthia Lummis (R-Wyo.), the bill‘s lead sponsor, had already warned that failure would end the fight, telling reporters, “I think we’re done. Its over.”　　Sen. Cynthia Lummis (R-Wyo.) tells a large gaggle of reporters that if the Clarity cloture vote fails today, “I think were done. Its over. Because weve been working on this bill for over a year, and weve given them over 120 of their requests. Thats enough.”　　The next day, the same seven senators issued a joint statement striking a different tone.　　“We remain committed to working in a bipartisan fashion to get this legislation passed.”　　Sponsored　　Sponsored　　Seven Democratic senators release a statement saying they

09-17Industry

Gold Forecast: XAU/USD bounces but not out of the woods yet

Gold is facing fresh sellers above $4,300 early Thursday, stalling its recovery from six-week lows of $4,235 reached soon after hawkish US Federal Reserve (Fed) monetary policy announcements.　　Gold remains vulnerable post-Fed event　　The Fed raised its benchmark interest rates by 25 basis points (bps) to 3.75%-4%, as widely expected, in a unanimous decision on Wednesday.　　The Feds Summary of Economic Projections (SEP), the so-called Dot Plot, pencilled in another rate hike this year, while suggesting a muddy outlook for next year. For 2027, 10 to 14 officials expect rates to remain flat through 2027, while 4 participants still predict rate cuts.　　Additionally, Fed Chair Kevin Warsh emphasized during his post-monetary policy meeting press conference that “the action will support a timelier return to its 2% inflation goal,” hinting subtly that the disinflation path remains intact.　　This significantly affects the market‘s view of the Fed’s path forward on rates, with traders digesting the overnight central bank event and stalling the US Dollar (USD) rally to seven-week highs across the board amid a pullback in US Treasury bond yields from multi-year peaks.　　Gold also draws some support from the overnight retreat in Oil prices, which somewhat eases inflation fears. Oil fell sharply on Wednesday, following reports that

09-17Industry

Gold attracts $500B despite rising yields: Is Bitcoins lead at risk？

Is the theory showing what the technicals arent？　　On the chart, the metals sector looks bearish. On a quarterly basis, gold is up by 8%, and silver is up more than 10%, but compared with Bitcoins 30% ROI, this looks like investors have been allocating the safe-haven narrative to BTC.　　And in this vein, the risk assets are looking more resilient, heading into the Federal Open Market Committee (FOMC).　　However, can this divergence flip soon？　　Based on where investors are currently positioned, this thesis doesnt seem so far-fetched.　　Discover more　　Compare Credit Cards　　Deploy Cloud Servers　　Trade Crypto Assets　　Why is gold rising with yields？　　Interestingly, an analyst observed that the traditional relationship between gold and Treasury yields has flipped this quarter, suggesting that gold is no longer reacting to rising yields.　　Source: X　　Notably, the main driver of the divergence appears to be a strong demand for gold from central banks, which is shifting the precious metals yield-sensitive dynamics and providing support to the metal despite high yields. The timing of the divergence is also worth mentioning.　　TradingEconomics data showed the 10-year U.S. Treasury Yield had jumped almost 20% since late June. Gold advanced nearly 15% during the same period.　　Central bank demand appeared to support gold despite higher yields, weakening the metal‘s

09-17Industry

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