Crypto Industry News & Market Trends

Bitcoin absorbs initial pre-Fed sell-off, leaving $70K as a critical test for Warshs Fed decision

Bitcoin fell to an intraday low below $75,000 on Sept. 15, extending a selloff already underway ahead of the Senate vote on the CLARITY Act.　　Related Asset Bitcoin #1 BTC · $76,157.64 24-hour change: down 0.93% Loading price history… 24H Down 0.93% 7D Down 4.01% 30D Up 19.87%　　The Senate failed 49-50 to invoke cloture on a motion to proceed to the bill, short of the 60 votes required, leading Bitcoin to its intraday low.　　Coinbase fell about 10%, and Circle lost more than 11%, with the larger losses hitting crypto businesses directly exposed to US regulation.　　On the macro side, the 10-year Treasury yield reached 5.041%, its highest level since 2007, while Brent crude traded above $105.　　Related Company Coinbase A leading digital currency company　　Polymarket showed odds for CLARITY passage falling from 31% to 19% before the vote, and Bitcoin had already slipped below $77,000 during that repricing.　　The final vote landed in a market that had already priced in a much higher probability of failure. The decline combined political disappointment with 5% Treasury yields, $100-plus oil, and tighter rate expectations.ShockArticle figureWhy it mattered for BitcoinCLARITY Act vote failed49-50, short of 60-vote cloture thresholdRemoved near-term regulatory upsideBitcoin price actionIntraday low below $75,000Broke below the prior

09-16Industry

Zcash holders back 25-second blocks, vote to keep ZEC halving schedule

Zcash token holders backed cutting the networks target block time to 25 seconds from 75 seconds and preserving its existing halving schedule in a poll on the next major upgrade.　　The faster-block proposal received 99.9% of the Zcash (ZEC)-weighted vote, while 98.9% supported keeping halvings, according to results published Monday. Voting power reflected eligible ZEC holdings, with both percentages including abstentions.　　The shorter interval would reduce the expected wait for a transactions first confirmation, according to the proposal. The amount of new ZEC issued per block would fall to keep scheduled daily issuance unchanged.　　The changes are proposed for NU7, a Zcash network upgrade whose activation date remains undetermined. Token holders also favored excluding features not implemented by Sept. 30.Results of the NU7 sentiment poll. Source: forum.zcashcommunity.com　　The coinholder vote was separate from polls of ZecHub, the Zcash Community Advisory Panel and other community groups. Eligibility was limited to spendable ZEC in the Ironwood shielded pool at the voting snapshot. Developers plan to ship the final items for the upgrade by the Sept. 30 cut-off deadline, with testnet and mainnet activation not yet determined.　　Halvings are scheduled cuts that reduce the issuance of new ZEC by half. The winning coinholder option would preserve that schedule

09-16Industry

Kraken parent plans regulated Hyperliquid perps

Payward has announced plans to bring on-chain perpetual futures to eligible U.S. clients through Hyperliquids HIP-3 infrastructure, using CFTC-regulated Bitnomial to deploy, clear and settle the proposed contracts.　　Payward, the parent company of Kraken, said on Sept. 16 that Hyperliquid would be the first blockchain protocol used for the initiative. The planned markets remain subject to regulatory approval and are not yet available for U.S. trading.　　The proposal expands on Paywards existing U.S. derivatives business. In its second-quarter 2026 financial update, the company said Bitnomial infrastructure already supports regulated U.S. perpetual futures and spot margin products. Payward reported 6.6 million funded accounts at the end of June, up 42% year over year.　　NEW: Kraken‘s parent company Payward confirmed our scoop earlier that it is bringing Hyperliquid’s perps to the US, first starting with a permissioned HIP-3 market pic.twitter.com/vOA7sw3pmn　　— Muyao (@MuyaoShen) September 16, 2026　　Payward would put regulated markets directly on Hyperliquid　　The planned structure differs from Payward‘s existing U.S. perpetual futures because trades would use Hyperliquid’s public blockchain infrastructure.　　Under Payward‘s proposal, Bitnomial Exchange would act as the HIP-3 deployer. It would create, own and administer the perpetual markets while Bitnomial Clearinghouse handles clearing and settlement. Transactions would use Hyperliquid’s on-chain order book for matching and

09-16Industry

Ethiopia cuts power to Bitcoin miners as El Niño strains hydropower

Ethiopia has cut electricity supplied to Bitcoin miners to 23% of contracted levels after a 20% drop in reservoir inflows strained the countrys hydropower system.　　Bloomberg reported on Tuesday that El Niño had intensified dry conditions across the East African country, forcing state-owned Ethiopian Electric Power to reduce electricity supplied to mining operations while prioritizing households and manufacturers.　　EEP CEO Ashebir Balcha said the utility initially lowered electricity deliveries to miners to 75% of their contracted amounts before reducing them to 50% and eventually 23%.　　The company plans to reassess reservoir and electricity conditions in October. Further cuts remain possible if water levels do not improve, while Ethiopia could restrict electricity exports to neighboring countries if domestic supply comes under more pressure.　　Bitcoin miners lose access to most contracted power　　Bitcoin miners have become a large source of demand for Ethiopias electricity system after low-cost hydropower attracted operators looking for cheaper energy.　　Mining companies consumed almost one-third of the country‘s electricity output and generated 35% of EEP’s revenue during the previous fiscal year, according to Bloomberg. The latest restrictions therefore affect a customer group that has become financially important to the state power company.　　Ethiopias mining expansion has been built largely around its hydroelectric resources. As crypto.news

09-16Industry

Malicious Uniswap v4 hooks are baiting DeFi traders with fake swap quotes

Liquidity aggregator 0x said on Sept. 14 that it had seen an alarming increase in malicious Uniswap v4 hooks over recent weeks, designed to quote one price and settle at another.　　In the most extreme trades it observed, users received as much as 50% less at execution than the amount displayed in the quote.　　An aggregator searches many pools, estimates their output, and typically favors the route promising the most tokens. A malicious pool can win the order by looking unusually attractive during that comparison.　　Uniswap v4 hooks show when the best quote becomes the attack surface　　In its analysis of Uniswap v4 hooks, 0x said it examined 84,163 hooks across six chains using static analysis, dynamic analysis, and settled-trade observations. In the dataset, labeled as of Sept. 11, 0x classified 19.4% as safe, 54.2% as malicious, and 26.4% as likely malicious.　　The report separately said 0x had observed malicious routes deliver up to half less than quoted, a maximum shortfall rather than a typical outcome.　　One Base hook trading the ETH/NVDAc showed 6,516 fills, including 3,946 charged fills. Fees ranged from 0% to 18%, with an 18% median when charged, and the hook collected $143,037 in total fees as of Sept. 11.　　Related Asset Ethereum ETH

09-16Industry

Kakao sets 6 trillion won revenue target for KakaoAI by 2030

Kakao has set a 2030 revenue target of more than 6 trillion won ($4.3 billion) for its planned KakaoAI business as it prepares to bring AI agents directly into KakaoTalk and separate its investment operations into KakaoX.　　SummaryKakao has targeted more than 6 trillion won in KakaoAI revenue by 2030, including roughly 1 trillion won from AI services.The company plans to demonstrate several KakaoTalk AI agents in October that can execute and complete services within the messaging app.Kakao wants its AI services to reach 20 million daily active users while increasing time spent on KakaoTalk by 50%.KakaoX is targeting 10 trillion won in 2030 revenue, with virtual assets, fintech, content, mobility and physical AI among its planned business areas.　　Yonhap reported on Sept. 16 that Kakao Group Investment Strategy Office head Kim Do-young disclosed the target during an online meeting with minority shareholders, putting KakaoAIs planned revenue above the 2.7 trillion won recorded by the relevant businesses in 2025.　　Revenue generated specifically from AI services is expected to reach roughly 1 trillion won by 2030. Kakao plans to build the business around its KakaoTalk messaging platform, connecting AI with advertising, commerce, maps and other existing services.　　The company has set a target of more

09-16Industry

Ethiopia cuts Bitcoin miners power by 77% amid hydropower shortage: Report

Ethiopia has reportedly reduced electricity delivered to Bitcoin miners to 23% of contracted levels as lower water inflows strain the countrys hydroelectric reservoirs.　　On Tuesday, Bloomberg reported that El Niño intensified dry conditions in the east African country, reducing water inflows into its reservoirs by 20%. Ethiopian Electric Power (EEP) CEO Ashebir Balcha said the company cut power to miners to prioritize households and manufacturers.　　Balcha said EEP initially reduced deliveries to 75% of contracted levels, easing to 50% and then 23%. The company will reassess conditions in October and could impose further reductions or even restrict electricity exports to neighboring countries, according to the report.　　Bitcoin miners reportedly accounted for 35% of EEP‘s revenue last fiscal year and consume almost one-third of Ethiopia’s electricity output. The countrys inexpensive hydropower has attracted international miners, including Phoenix Group, which expanded its Ethiopian mining capacity to 132 megawatts in April 2025.　　Bitcoin mining power growth faces pressure from halvings and AI　　Separately, economist and The Bitcoin Standard author Saifedean Ammous said in a Tuesday X post that global Bitcoin mining electricity consumption and capital expenditure may have peaked in 2024 to 2025.　　Ammous said Bitcoin‘s price would need to rise more than 18.92% a year just to keep

09-16Industry

Bitcoin Coinbase Premium hits monthly low as CLARITY Act vote squeezes US demand

Bitcoin (BTC) demand is under pressure in the US as investors react to the failure of the CLARITY Act to advance in the Senate.　　Key points:Bitcoins Coinbase Premium Index fell to -0.079 on Tuesday, its lowest level since Aug. 16.US sell-side pressure diverged from other major exchanges as the CLARITY Act failed to advance in the Senate.Short-term holders sent 34,000 BTC to exchanges in the last 24 hours, potentially for sale at a loss. This constitutes the largest inflow in a month.　　Analyst sees “bullish” signal as Coinbase selling diverges from Binance　　Senators failed to give CLARITY the necessary 60 votes on Tuesday, leaving only a handful of options for returning the key piece of crypto legislation to the debate stage before 2027. Bitcoin saw downside pressure on the back of the news, as US demand in particular suffered from the decision. Data from onchain analytics platform CryptoQuant shows the Coinbase Premium dropping to one-month lows of -0.079 on Tuesday.　　The Coinbase Premium, which measures the difference in price between Coinbase‘s and Binance’s BTC/USDT pairs, briefly turned positive at the start of the week, reaching 0.004, but fell deeper over the course of Monday. It currently sits at its lowest levels since Aug. 16,

09-16Industry

Italy investigates government email breach linked to Revolut data leak

Italian authorities are investigating a government email breach linked to the leak of Revolut customer data after hackers allegedly used the compromised account to obtain sensitive customer information.　　Polizia Postale, Italys cybercrime police, is investigating the incident for alleged unauthorized access to a computer system and computer fraud, Italian news agency ANSA reported on Tuesday.　　Some Italian media reports identified the compromised account as belonging to the Prefecture of Reggio Calabria. The agency later denied sending requests to Revolut, according to ANSA.　　Revolut declined to identify the government agency whose email was allegedly compromised and used to obtain customer data, citing an active police investigation and confidentiality obligations.　　“We reported this to the Italian authorities upon detection and will assist them as needed,” a Revolut spokesperson told Cointelegraph, adding that the companys systems, databases and customer funds remained secure.　　The compromised government email account was reportedly part of Italy‘s Posta Elettronica Certificata (PEC) system, a certified email service that gives messages the same legal value as registered mail. Italy’s CERT-AGID cybersecurity agency warned in June that PEC certifies delivery but does not guarantee the security of a messages content.　　The agency said it had handled more than 650 cases involving abused or illicit PEC accounts since

09-16Industry

The Standard Chartered Effect: Is bank research becoming cryptos new short-term catalyst？

Standard Chartered initiated coverage on Arbitrums ARB token on the morning of Sept. 15 with a $10 price target for 2030. That implies roughly 70 times upside from a token trading near $0.13 and down about 1% over the prior 24 hours.　　Related Asset Arbitrum #58 ARB · $0.16 24-hour change: up 17.67% Loading price history… 24H Up 17.67% 7D Down 7.23% 30D Up 112.74%　　In the same session, ARB gained up to 9%, Bitcoin fell around 4%, and Ethereum fell 5.74% once the Senate failed to advance the CLARITY Act on a 49-50 vote.　　A token moving against the broader market on the same day a bank initiates coverage is the kind of signal that turns an anecdote into something testable.　　Related Company Standard Chartered A consumer banking corporation　　The more interesting question is whether Standard Chartereds digital asset research desk has built enough credibility and distribution that publishing a note has become a tradable event in its own right.　　Standard Chartered stages a thesis built on tokenized finance　　Standard Chartereds target moves through intermediate steps, from $0.50 in 2026 to $1.50 in 2027, $3.50 in 2028, $6.50 in 2029 and $10 by the end of 2030.　　The underlying case rests on Arbitrum becoming infrastructure for tokenized

09-16Industry

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