Crypto Industry News & Market Trends

Euro sticks to losses as USD strength builds ahead of Fed decision

The EUR/USD pair sticks to a negative bias for the fifth straight day and trades around the 1.1535-1.1530 area during the Asian session on Wednesday. Spot prices remain close to a one-month trough, touched on Monday, as traders now look forward to the highly anticipated FOMC decision for a fresh impetus.　　The US Federal Reserve (Fed) concludes its September policy meeting today and is widely expected to raise interest rates by 25 basis points (bps). The market focus will also be on updated economic projections, which, along with Fed Chair Kevin Warshs remarks during the post-meeting press conference, will be scrutinized for more cues about the rate path in coming months. The outlook, in turn, will play a key role in influencing the near-term US Dollar (USD) price dynamics and drive the EUR/USD pair.　　Heading into the key central bank event, inflation risks stemming from rising energy prices underpin prospects for further policy tightening by the Fed. In fact, crude oil prices shot to a fresh high since May 20 on Tuesday amid growing concerns about supply disruption in the Middle East. Adding to this, a surge in public and corporate borrowing lifted the yield on the benchmark 10-year US Treasury bond

09-16Industry

World Liberty Financial: Can $6M in whale buying help WLFI reclaim $0.06？

World Liberty Financial [WLFI] surged to a local high of $0.061 four days ago. However, the uptick proved short-lived as it retraced heavily.　　As AMBCrypto earlier reported, WLFI retreated as most traders remained bearish. Moreover, the surge was driven by increased speculation, which also faded very fast. Since then, WLFI bulls have attempted to retake the market, but $0.06 has proved difficult to breach.　　At press time, WLFI was trading around $0.058. At the same time, trading volume fell 13% to $42 million, indicating a market slowdown.　　Whale scoops up $6.18M in WLFI　　With the market cooling down, some whales have taken the opportunity to retake positions. According to Arkham data, one whale has been continuously withdrawing large amounts of WLFI from Binance.　　Nazoku reported that a whale withdrew 90 million WLFI from Binance and received another 18.7 million WLFI from other wallets. In total, the whale has accumulated 108.45 million WLFI worth $6.18 million.　　With the whale continuing to dig in, it signals strong optimism, as they anticipate more gains on the charts.　　Source: CoinGlass　　In fact, exchange activity echoes this whale accumulation. According to CoinGlass, Spot Netflow has remained negative for 12 consecutive days.　　Such a sustained period of strong accumulation has often preceded better, strong performances.　　World

09-16Industry

Ripples university strategy is evolving from blockchain labs to XRP logos in packed stadiums

Ripple is extending XRPs push into US college sports, adding Louisville to a campaign that has rapidly expanded since July.　　Related Asset XRP #5 XRP · $1.28 24-hour change: down 9.62% Loading price history… 24H Down 9.62% 7D Down 9.17% 30D Up 28.60%　　The crypto company said Monday it struck a partnership with Louisville Athletics that will give XRP prominent exposure around the university‘s basketball program, including branding on Denny Crum Court, extending a strategy that has already put the token on Kansas jerseys and the University of Florida’s football field.　　Louisville marks Ripples third major college-sports agreement in roughly 10 weeks. The sequence reflects a broader effort to move XRP beyond financial and crypto audiences and into consumer-facing spaces where the company has spent years building relationships through research and education.　　Related Company Ripple Financial technology and enterprise blockchain company　　Ripple takes an old university strategy into stadiums　　The college campaign builds on an academic network Ripple started years before universities began putting XRP logos in front of sports fans.　　Ripple launched its University Blockchain Research Initiative (UBRI) in 2018 to finance blockchain research, curriculum development, and technical projects. The program now spans more than 60 universities in 27 countries and has supported more than 800

09-16Industry

Binance Earn Adds 11 US ETFs for Wealth Management

Binance has expanded its wealth management services by adding 11 US-listed ETFs to Binance Earn. The offering gives users access to short-term US Treasury and investment-grade bond funds. It marks another step in Binances push to combine traditional investments with its crypto platform.　　The ETFs target different investment periods, ranging from under six months to more than one year. Binance has organized them into cash management, steady income, and yield enhancement categories. Consequently, users can select products based on their investment goals and preferred timeframes.　　Traditional ETFs Join Binance Earn　　Unlike tokenized stocks, the new service gives users exposure to actual ETF shares. Users can place orders through Binance Earn, while Binances stock trading infrastructure handles transactions.　　Nest Trading routes orders to Alpaca Securities, which executes trades and safeguards the securities. Hence, users can access traditional financial products without moving to a separate investment platform.　　Additionally, investors receive the economic benefits tied to their ETF holdings. These include price changes and cash distributions.　　Binance Deepens TradFi Push　　The launch follows Binances recent expansion into traditional financial markets. Earlier this month, the exchange introduced physically settled options covering more than 1,000 US stocks and ETFs.　　Moreover, Binance already offers access to over 7,000 stocks and ETFs. Significantly, the latest

09-16Industry

Canadian Dollar languishes as bullish USD caps oil gains before Fed

The USD/CAD pair retains its positive bias for the sixth straight day, trading near the 1.3930 area, a two-week high during the Asian session on Wednesday amid a bullish US Dollar (USD). Spot prices await a breakout through the 100-day Simple Moving Average (SMA) before the next leg up as the focus remains on the outcome of a two-day FOMC policy meeting.　　The US Federal Reserve (Fed) is scheduled to announce its decision later today and is widely expected to raise interest rates by 25 basis points (bps) at the end of the September 15–16 meeting. Investors will further scrutinize updated economic projections, which include the so-called dot plot, and Fed Chair Kevin Warshs comments during the post-meeting press conference for more cues about the future policy path. The outlook, in turn, will play a key role in influencing the near-term USD price dynamics and provide some meaningful impetus to the USD/CAD pair.　　Heading into the key central bank event, the growing acceptance that the US central bank would stick to its hawkish stance amid oil-driven inflation risks remains supportive of surging US bond yields. Apart from this, escalating Middle East tensions help the safe-haven Greenback stand firm near a two-week high.

09-16Industry

$420 mln vanished: How Poland's Venezuelan oil deal exposed USDT loopholes

Polands state-controlled oil refiner Orlen is making headlines, but not for the right reasons.　　According to the Financial Times report, the Polish oil company paid hundreds of millions of dollars in advance for Venezuelan oil. But the oil was never delivered, and the money eventually was not recovered.　　Dubai-based intermediaries took things down the hill　　For background, the state-controlled oil refiner operates through various subsidiaries, including Orlen Trading Switzerland. In late 2023 and early 2024, the subsidiary was trying to buy Venezuelan crude oil.　　At that time, there was a temporary change in U.S. sanctions policy that allowed certain transactions involving Venezuelan oil.　　Hence, instead of buying the crude directly from Venezuela, Orlen Trading Switzerland dealt with two Dubai-based intermediaries. For this, they reportedly converted their money into USDT and moved through Dubai-based intermediaries.　　USDT payments spoiled the broth　　So, all this happened wherein more than $132 million in USDT was allegedly transferred through physical USB drives. Meanwhile, one $135 million conversion reportedly resulted in only $85 million, leaving a $50 million shortfall tied up in a UAE court.　　And then came the tankers Orlen had chartered that waited without receiving oil, adding around $72 million in shipping costs. In these payment series, one company, Hannon International Middle

09-16Industry

Japanese Yen flatlines ahead of Fed rate decicion

The USD/JPY pair holds steady near 155.25 during the early Asian session on Wednesday. Traders prefer to wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday. On Friday, attention will shift to the Bank of Japan (BoJ) interest rate decision.　　Fridays US inflation report showed that prices remain stubbornly high and core inflation, which excludes volatile food and energy, picked up in August from the previous month. Hotter US inflation data released last week bolstered expectations that the Fed would raise interest rates. The US central bank is widely expected to lift its short-term interest rate by Wednesday for the first time in three years to fight stubbornly high inflation.　　Traders will closely monitor Fed Chairman Kevin Warshs press conference after the rate decision, as it may offer hints about the US interest rate outlook. Hawkish remarks from Fed policymakers could lift the USD against the JPY in the near term.　　The BoJ is likely to raise its key policy interest rate by a quarter point to 1.25% from 1.00% at its September meeting on Friday. This would bring the highest borrowing costs for Japan since April 1995. Traders will keep an eye on BoJ

09-16Industry

Congress wants to make crypto easier to use and still collect $500 million more in taxes

A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees.　　The House Ways and Means Committee is scheduled to consider H.R. 10357, the Digital Asset Tax Certainty Act, on Sept. 16, putting a broad rewrite of digital-asset taxation before lawmakers after months of negotiations over how closely crypto should be treated like traditional financial assets.　　The Joint Committee on Taxation estimates the legislation would increase federal receipts by about $500 million net from fiscal 2027 through 2036, after accounting for provisions that both raise and reduce government revenue.　　The package includes rules covering stablecoins, transaction fees, trading losses, digital-asset lending, staking and past tax violations.　　That fiscal outcome reflects the bills central trade-off. Lawmakers would remove some tax friction that makes routine crypto activity cumbersome while extending securities-style rules to traders that could generate billions of dollars in additional receipts.　　Speaking on the legislation, Andrew Gordon, a crypto tax lawyer, said:　　“This is a massive step forward for crypto investors who simply want rules on tax. We all pay taxes, the rules need to be clear.”　　Stablecoin relief comes with a cost　　Qualifying US dollar stablecoins would receive special treatment to prevent minor movements around their $1 peg

09-16Industry

Long-Term Bitcoin Holders Just Stopped Selling After a 260,000 BTC Dump

Bitcoin (BTC) trades near $76,300 after a 3% daily slip. Long-term holders spent August selling into strength, and that selling has now almost stopped.　　That handover left a mark. Coins leaving long-term wallets went to newer buyers, and one level now decides whether they stay in profit.　　Sponsored　　Sponsored　　Long-Term Holders Sold Harder Than at the Cycle Top　　Glassnode data shows long-term holder net position change turning sharply negative in mid-August. The wave reached roughly 260,000 BTC, the deepest level since January 2025.　　The same group was previously buying Bitcoin between March and June.　　During the late 2025 all-time high, around 170,000 BTC were sold by these long-term holders. So, it looks like they sold more Bitcoin in August, near the $80,000 price mark, compared to when it was $122,000.　　This shows how much potential profit many long-term holders missed out on.　　Bitcoin long-term holder net position change. Source: Glassnode　　However, it looks like the selling has stopped dramatically toward September.　　Sponsored　　Sponsored　　Short-Term Holders Flipped Into Profit, For a Moment　　CryptoQuant data shows who absorbed those coins. Short-term holder (STH) supply in loss had dominated for nine months, peaking above $600 billion.　　August reversed that. Supply-side profit jumped to roughly $260 billion, while losses collapsed toward zero.　　However, the flip is already under pressure. Profit

09-16Industry

Robinhood Engineers Charged in Hyperliquid Insider Trading Case

Two former Robinhood engineers were charged with fraud on Tuesday in a Hyperliquid insider trading case, accused of buying futures contracts before their employer announced new token listings.　　Hefu Chai, 36, and Huaisong Xiang, 30, each face one count of violating the Commodity Exchange Act and one count of wire fraud. Prosecutors say the pair made more than $50,000 apiece.　　“Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with the investigations,” a Robinhood spokesperson told BeInCrypto.　　Follow us on Xto get the latest news as it happens　　Sponsored　　Sponsored　　How the Alleged Trades Worked　　Hyperliquid runs a decentralized exchange built around perpetual futures. These are leveraged bets on a tokens price that never expire, so a trader can hold the position indefinitely.　　The U.S. Attorneys Office for the Southern District of New York says the two engineers traded between 2025 and 2026. They knew which tokens Robinhood Crypto planned to list, then bought futures on those tokens first.　　A listing on a large broker usually lifts a tokens price. Selling into that move

09-16Industry

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