Crypto Industry News & Market Trends

Fed Increased Rates, Why is The Crypto Market Up？

The Federal Reserve raised interest rates by a quarter point on Wednesday, its first hike since 2023. Bitcoin (BTC) climbed anyway, defying the old assumption that tighter policy always hurts risk assets.　　Markets had priced in the move for days. That gap between expectation and reaction explains most of Wednesdays price action, though it is not the whole story.　　The Rate Hike Was Already Priced In　　Interest rate futures put the odds of a hike at 92.7% just hours before the FOMC decision, according to BeInCrypto. Traders had already positioned for it well in advance.　　Bitcoin dropped to around $75,350 shortly before the decision, then jumped past $76,100 within minutes of the release. It went as high as $76,500 after the markets closed in the US, to then settled near $76,138.　　BTC saw some volatility after the hike but has mostly trended upward. Image Source: CoinGecko　　Research on past Fed cycles describes something similar. Traders who adjust positions before an announcement often barely react to the actual decision, sometimes even bouncing higher instead.　　A Hawkish Surprise Would Have Hurt More　　Scott Melker, host of Yahoo Finances Daily Wolf, argued a credible, one-time hike could calm long-term yields rather than spook markets. The condition was that Chair Kevin Warsh

09-17Industry

United States Dollar Index holds gains above 100.00 as Fed signals further tightening

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the sixth successive day and trading around 100.30 during Asian hours on Thursday. The US Initial Jobless Claims data will be released later in the day.　　The Greenback remains on a firm footing following an interest rate hike by the US Federal Reserve (Fed), alongside signals that another increase could follow before the end of the year. The central bank raised the federal funds rate by 25 basis points to a target range of 3.75% to 4.00%. The move matched market expectations, representing the Feds first interest rate increase in three years.　　In his post-meeting remarks, Fed Chair Kevin Warsh explained that the rate hike was driven by inflation remaining “too high” and lingering “for too long,” describing the action as a “sober” and “responsible decision.” Warsh signaled that further rate increases remain on the table in an effort to curb persistent price pressures. Following the announcements, money markets priced in roughly a 49.8% probability of another Fed rate hike at the October meeting, according to the CME FedWatch tool.　　Feds Warsh underscores inflation fight as economy strength allows

09-17Industry

OpenAI Rejects Another Math Prize, This Time Justin Sun's $1 Million

OpenAI has been named the winner of Justin Suns inaugural $1 million mathematics prize, yet the company has left the money sitting unclaimed, just as it did with an identical prize from the Clay Mathematics Institute weeks earlier.　　The prize was to reward an AI-authored proof of the Navier-Stokes equations, a fluid dynamics problem mathematicians spent decades trying to crack. Two academics say the work drew on their own unpublished research, a claim OpenAI disputes.　　Why OpenAI Keeps Walking Away From the Money　　OpenAI published its proof of the three-dimensional Navier-Stokes problem on September 8, saying 10,000 of its AI agents worked the problem for 88 hours before a separate model, GPT-6 Astra, spent another 17 hours checking the logic.　　Discover more　　NEWS　　Deploy Cloud Servers　　Try Operations Software　　The Clay Mathematics Institute set the problem in 2000 as one of seven Millennium Prize Problems, each carrying a $1 million reward, and still lists it as active on its website.　　OpenAI said at the time that it would not claim the Clay money. It became a bigger story once questions arose over whose work actually produced the proof.　　Two mathematicians said their unpublished research had sat inside an OpenAI product, a claim the company denied.　　“I do not know what their

09-17Industry

WTI remains below $97.50 as Saudi routes recover, US stocks shrink less than expected

West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $96.60 per barrel during the Asian hours on Thursday. Crude oil prices fall following reports that Saudi Arabia plans to restore roughly half the capacity of its East-West pipeline within days and achieve full operation within six weeks. The vital pipeline, which provides an alternative export route around the vulnerable Strait of Hormuz, suffered damage during drone attacks last week.　　Meanwhile, Saudi Arabia has stepped up efforts to transport larger volumes of crude through Hormuz with assistance from the US military. Further easing supply concerns, US Energy Secretary Chris Wright confirmed that 18 million barrels of crude and petroleum products successfully passed through the Strait of Hormuz earlier this week.　　Adding to the downward pressure on prices, the US Energy Information Administration (EIA) reported a smaller-than-expected draw from domestic crude inventories for the previous week.　　Discover more　　FINANCE　　Compare Exchange Rates　　Finance　　EIA data showed that crude oil stocks in the top-producing nation fell by approximately 640,000 barrels. This drop was significantly lower than the 1.62 million-barrel draw energy analysts had anticipated in a Reuters poll, signaling softer demand or higher supply buffers than market expectations had priced in.　　Middle East posture

09-17Industry

Bitcoin Core 32 adds faster validation and fee changes

Bitcoin Core 32.0 has entered its final release-candidate testing cycle after developers tagged v32.0rc1 on Sept. 14, bringing fee estimation, block-validation performance and security fixes closer to a planned Oct. 10 release.　　The Bitcoin Core project‘s official GitHub release shows v32.0rc1 at commit d0231bb, signed with a verified maintainer signature on Sept. 14 at 12:58 UTC. The project’s release schedule still targets Oct. 10 for the final v32.0 tag, although the date remains subject to testing and further fixes.　　Version 32 focuses on node software behavior, wallet interfaces, fee calculation, networking and performance. The draft release notes do not list a change to Bitcoins consensus rules, meaning the update does not redefine which transactions or blocks the network considers valid.　　Bitcoin Core 32.0 Enters Final Testing With Fee and Security Updates #BitcoinCore #Bitcoin #BTC #BlockchainSecurity #CryptoNewshttps://t.co/eSLjroVhp9　　— Bitcoin World News (@BitcoinWorldN) September 16, 2026　　Bitcoin Core 32 targets Oct. 10 after RC1 tag　　Developers entered feature freeze on Aug. 20, limiting work to fixes needed before release. On Sept. 14, they split the 32.x branch from the main development branch and started the release-candidate cycle while development work for version 33 resumed separately.　　The first candidate is intended for node operators, wallet developers and other users to

09-16Industry

Celsius sues BitMEX for $495 million just 11 days before exchange shutdown

Celsius Networks bankruptcy estate has sued BitMEX over a 2020 liquidation cascade it says cost more than 6,360 Bitcoin.　　Related Asset Bitcoin #1 BTC · $75,761.44 24-hour change: down 1.55% Loading price history… 24H Down 1.55% 7D Down 4.66% 30D Up 19.45%　　The complaint, filed Sept. 12 in the US Bankruptcy Court for the Southern District of New York, accuses entities behind the crypto derivatives exchange of fraud, market manipulation and wrongful liquidations during Bitcoins historic March 2020 selloff.　　Celsius is seeking to recover losses tied to 6,360 BTC, worth roughly $495 million around the time of the filing.　　Blockchain Recovery Investment Consortium, or BRIC, brought the case on behalf of Celsius entities as the bankrupt lenders litigation administrator and complex asset recovery manager.　　The defendants include Seychelles-based HDR Global Trading Ltd., Hong Kong-based ABS Global Trading Ltd. and Shine Effort Inc. Ltd., along with Bermuda entities 100x Holdings Ltd. and HDR Global Services Ltd. They collectively operated under the BitMEX name.　　Related Company BitMEX P2P crypto-products trading platform　　The filing comes as BitMEX prepares to shut down its exchange on Sept. 23, giving Celsius a new recovery target just days before one of cryptos longest-running derivatives venues stops trading. BitMEX announced the closure in July after

09-16Industry

Bitcoin Price Clings to $75K After a Nasty $74,913 Shakeout

At 8:40 a.m., bitcoins price is hovering around $75,879 on Sept. 16, 2026, after a sharp intraday washout tested $74,913 and buyers managed to pull the price back into the mid-$75,000s. The bigger picture is far less tidy. Short-term momentum remains weak, longer-term moving averages still lean positive, and bitcoin is sitting between nearby support and a thick stack of resistance overhead.　　Key TakeawaysBitcoins price held above its $74,913 wick low as buyers defended the $75,000 area.Bitcoins daily technicals stayed neutral, with 8 moving averages flashing negative.Bitcoins price needs to reclaim $76,000-$77,000 to target the $79,800-$82,300 zone.　　One-Hour Chart: Buyers Defend $74,913, but the Bounce Needs Muscle　　On the 1-hour chart, bitcoins price drama centers on a local high of $79,837 and a long lower wick that reached $74,913 before buyers stepped back in. Price subsequently recovered to roughly $75,859 at capture, while intraday volume picked up during both the selloff and ensuing bounce.　　BTC/USD 1-hour chart via Bitstamp on Sept. 16, 2026.　　That puts $74,913 squarely in the spotlight as nearby support. Holding roughly $75,000 to $74,900 keeps the post-wick recovery intact, while a break and hold below $74,900 would establish the first clear lower low of the current 1-hour swing. On the flip

09-16Industry

Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure

Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act failed to pass a Senate cloture vote on Tuesday.　　Bernstein analysts said the regulatory agencies will publish new regulations to “make up for the time lost negotiating the CLARITY Act,” in a Wednesday note shared with Cointelegraph.　　The analysts said they expect agency regulations including token taxonomy for raising capital, developer protection measures concerning decentralized finance and self-custodial protocols, innovation exemptions for equity tokenization, faster approval times for real-world asset perpetual futures, and amendments to rules around federal sports even contracts and their classification as swaps.　　Bernstein said that these federal agencies will bring more regulatory clarity for the industry, to compensate for the failure of the CLARITY Act, which would have “fool-proofed the industry against political regime shifts.”　　On Tuesday, the US Senate failed to pass a cloture motion on the CLARITY Act, which would have established the country‘s first regulatory framework for digital assets. Bernstein’s analysts said that a re-vote of the act was unlikely, citing a limited time window and concerns over the bills ethics provisions.　　On Aug. 19, the SEC proposed new

09-16Industry

Two Prime launches $10M-backed Bitcoin yield vault

Two Prime has launched an institutional Bitcoin lending vault on Pareto targeting annual returns of 1.5% to 2%, with roughly $10 million of the firms own capital committed to absorb initial credit losses.　　CoinDesk reported on Sept. 16 that the Axiom WBTC Yield Vault accepts Wrapped Bitcoin and requires a minimum investment of 5 WBTC, putting the entry level near $380,000 with Bitcoin trading around $76,000 at publication. The quoted yield is a target tied to lending conditions and is not guaranteed.　　The product takes Two Primes existing institutional credit business onto blockchain-based infrastructure, with Pareto handling the private-credit rails and ICE Digital Trust and Copper Technologies providing custody. Two Prime plans to lend deposited assets to institutional counterparties that can include public companies, credit-rated borrowers and diversified financial firms.　　Two Prime puts $10 million behind the WBTC vault　　Two Primes capital commitment gives the Axiom vault a first-loss layer before participating investors bear certain credit losses. CoinDesk placed the commitment at roughly $10 million, although the report did not disclose the precise size of the vault, its maximum capacity or how much of that capital had already been deployed when the product was announced.　　The structure does not make the targeted return risk-free. Its

09-16Industry

KREMLIN malware uses Ethereum to update attack servers

Security researchers have traced more than 1,500 KREMLIN malware infections after uncovering a Brazilian banking campaign that uses Ethereum smart contracts to update attack infrastructure and malicious browser extensions to steal credentials and session data.　　Elastic Security Labs disclosed the operation in a Sept. 14 technical report after tracking the activity under REF9334 since May 2025. Researchers followed seven campaigns over roughly 15 months and linked the latest versions to Chrome and Microsoft Edge extensions capable of collecting browser credentials, cookies, session tokens and other sensitive information.　　SlowMist issued a threat-intelligence alert on Sept. 16 drawing attention to the blockchain component of the operation, including three Ethereum contracts linked to changing command-and-control infrastructure.　　Despite the name KREMLIN, Elastic said it found no evidence connecting the campaign to Russia. The toolkit name comes from the malware authors handle, while the lures impersonate Brazilian banks, use Portuguese-language text and overwhelmingly reach systems located in Brazil.　　???? SlowMist TI Alert: KREMLIN Malware ????　　Recently, a Brazilian banking malware operation, #REF9334, active since at least May 2025, was disclosed.　　???? The #KREMLIN malware ecosystem uses multi-stage loaders and malicious browser extensions to steal credentials, session tokens,… pic.twitter.com/8nYKgwgmfG　　— SlowMist (@SlowMist_Team) September 16, 2026　　KREMLIN uses Ethereum contracts as changing address books　　Ethereum entered

09-16Industry

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