Crypto Industry News & Market Trends

Bitcoin miner manufacturer Canaan sells crypto to buy back shares after $97 million loss

Canaan, the Bitcoin mining-equipment maker, reported second-quarter 2026 revenue below its earlier guidance on Sept. 8, as weaker machine demand put more weight on its cash and crypto treasury. More than half of its Bitcoin holdings were pledged for loans at June 30.　　Related Asset Bitcoin #1 BTC · $78,761.17 24-hour change: up 0.36% 24H Up 0.36% 7D Up 2.21% 30D Up 21.90%　　Revenue totaled $31.9 million, short of the $35 million to $45 million range forecast in May. Product revenue fell to $13.6 million from $42.9 million in the first quarter. Canaan attributed that decline to less computing power sold and lower selling prices amid weaker demand.　　Managements outlook points to further pressure: Canaan forecast third-quarter revenue of $11 million to $15 million. That prospect makes the distinction between treasury holdings and available cash more consequential.　　Related Company Canaan Mining hardware manufacturer　　Cash, collateral and buybacks　　Canaans June 30 total of 1,915.5 BTC included 1,117 BTC pledged for secured term loans and 100 BTC transferred to a fixed-term product. Another 698.5 BTC sat in its cryptocurrency assets category.　　The pledged coins therefore represented more than half the total. They were already serving as loan collateral, while the fixed-term allocation was also distinct from cash. The headline

09-09Industry

Bitcoin traders bet borrowed money on a rally as oil surges ahead of Fridays inflation test

Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears.　　Related Asset Bitcoin #1 BTC · $78,598.14 24-hour change: down 0.31% 24H Down 0.31% 7D Up 1.78% 30D Up 22.39%　　Data from CryptoSlate showed the flagship cryptocurrency trading around $78,451 at press time, with little sign of the pressure spreading across bond and energy markets after an escalation in the Middle East pushed Brent above the threshold for the first time since July 24.　　Brent touched $100.19 before easing slightly, extending a roughly 25% advance since early August as attacks on shipping and energy infrastructure raised fresh concerns about supplies through the Strait of Hormuz and Red Sea. The US 10-year Treasury yield climbed toward 4.81% as investors weighed the inflationary consequences of another surge in energy costs.　　Mohamed El-Erian, the chief economic advisor at Allianz, said Brents move above $100 has sharpened focus on the economic, political and social consequences of higher US gasoline prices. He also pointed to the accompanying rise in bond yields.　　That combination has historically been difficult for Bitcoin. Higher oil prices can reinforce inflation, reduce the Federal Reserves room to ease and push real yields higher, increasing the relative appeal of interest-bearing

09-09Industry

XRP ETFs Keep Drawing Wall Street Money as Bitcoin, Ethereum Bleed

US-listed XRP ETFs saw $1.55 million in inflows on September 8, the largest among 12 spot crypto fund groups. Only Hedera (HBAR) products joined them, with $431,180.　　Four groups lost money, and six recorded no flow at all. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) had not all fallen on the same day since July 9.　　Sponsored　　Sponsored　　Bitcoin, Ethereum, and Solana Bled Together for the First Time Since July　　BTC funds lost $46.65 million, the heaviest loss in the group. Ethereum products followed with $24.29 million. Solana products shed a slimmer $667,719.　　Those three had not fallen together in the previous 41 sessions. Hyperliquid (HYPE) funds lost $12.96 million, erasing the $10.52 million they collected on September 4.　　Those four accounted for every dollar that left, $84.56 million in total, according to SoSoValue records.　　US Spot Crypto ETF Net Flows Across 12 Groups, September 8, 2026. Source: SoSoValue/BeInCrypto　　Follow us on X to get the latest news as it happens　　For XRP, Franklins XRPZ fund absorbed the entire $1.55 million inflow. The Bitwise, Canary, 21Shares, and Grayscale products all printed zeros.　　Sponsored　　Sponsored　　The Avalanche (AVAX), BNB (BNB), Dogecoin (DOGE), Polkadot (DOGE), Chainlink (LINK), and Litecoin (LINK) funds all printed zeros. Momentum had already drained from the altcoin groups the previous week.　　Monthly

09-09Industry

Gaming Contacts Became a $245 Million Crypto Theft Ring, Leader Pleads Guilty

Malone Lam pleaded guilty on Tuesday to a racketeering conspiracy that drained more than $245 million in cryptocurrency.　　The 22-year-old Singaporean citizen led a group that talked its way past people rather than past software. Prosecutors say the enterprise ran from October 2023 through at least May 2025.　　Sponsored　　Sponsored　　Malone Lam Guilty Plea Caps a Two-Year Theft Spree　　According to the court documents, Lam was the ringleader of the international cybercrime conspiracy. He organized the enterprise, identified the targets, and coordinated the roles of the other conspirators. Lam used the aliases “Anne Hathaway,” “$$$” and “King Greavy.”　　The scheme was developed through connections made on online gaming platforms. Its members operated from California, Connecticut, New York, Florida, and abroad.　　Follow us on X to get the latest news as it happens　　???????????? Malone Lam pleads guilty over $245M Bitcoin social engineering heist　　The 22-year-old Singaporean admitted his role in the operation that stole more than 4,100 BTC from a single Washington, D.C. victim in August 2024.　　Members of the group impersonated Google and Gemini… pic.twitter.com/zg91LDPsnw　　— Dark Web Informer (@DarkWebInformer) September 8, 2026　　The group used social engineering and occasionally broke into homes to obtain the information that let it drain victims wallets.　　The case began with a September 2024 indictment over

09-09Industry

Mexico quadruple homicide tied to alleged Bitcoin robbery attempt

Two suspects in the killing of four people in Mexico allegedly sought a cold wallet they believed held millions of dollars in Bitcoin, news outlet La Jornada reported on Saturday, citing an update from the Attorney Generals Office of the State of Mexico (FGJEM).　　Diego Sebastián and Gerardo, whose surnames were withheld, are scheduled for a court hearing on Wednesday, where a judge will determine whether there is sufficient evidence for criminal proceedings against them to continue, reported Diario de México on Sunday.　　The FGJEM announced the arrests of the two suspects in a Sept. 2 X post.　　According to La Jornada, prosecutors accuse the two men of killing Jonathan Meléndez, keyboardist for rock band Camilo Séptimo, his pregnant wife, his daughter and an employee in their home in the municipality of Atizapán de Zaragoza. The familys golden retriever was also killed.　　The FGJEM said the suspects could face 25 to 70 years in prison per homicide victim if convicted, according to La Jornada.　　One suspect was a business associate of one of the victims and allegedly used the relationship to enter the home, Mexicos security secretary, Omar García Harfuch, said in a Sept. 2 X post.　　Physical attacks target crypto holders　　Crypto wrench attacks involve violence

09-08Industry

Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares

Michael Saylors Strategy, the largest corporate Bitcoin treasury, skipped its weekly Bitcoin acquisition to repurchase $176 million of its preferred STRC stock.　　Strategy repurchased 1.8 million STRC shares for an aggregate $176.3 million between Aug. 31 and Sept. 7, according to a Tuesday filing with the US Securities and Exchange Commission.　　The company also doubled the size of its Digital Credit Securities Repurchase Program to $2 billion. With no new purchases, Strategys holdings sit at 845,050 Bitcoin (BTC), acquired for a total of $63.6 billion, at an average purchase price of $75,412 apiece.　　Last week, Strategy made its first BTC buy since mid June, with a $370 million purchase.　　While STRC‘s share price was largely flat in premarket activity on Tuesday, trading at $97.70, or a 2.3% discount from its intended $100 par value, the company’s Nasdaq-traded MSTR common stock was down more than 3% at last look, according to Yahoo Finance.　　STRC is one of Strategy‘s main vehicles to fund its Bitcoin accumulation. Trading below par limits Strategy’s ability to raise funds through STRC sales and may force the company to further increase its dividend rate.　　Strategy unveiled a capital framework on June 29 to allow Bitcoin sales to fund dividends and increased the annual

09-08Industry

Circle to acquire Tazapay to expand USDC cross-border payments

Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027.　　The transaction will also require customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement.　　Tazapay has more than $25 billion in annualized payment volume and serves more than 60 banking and fintech partners with local payout rails covering more than 100 markets. The company said in August 2025 that annualized payment volume was $10 billion.　　Circle previously invested in Tazapay, including in the startups August 2025 Series B round that brought the total amount raised to $57.9 million, according to Traxcn data. XRP-issuer Ripple was also an investor in that round.　　Stablecoins account for about 60% of Tazapays transaction volume, according to Circle. The company said the acquisition will expand its ability to route payments to and from Asia-Pacific and emerging markets.　　“This acquisition will increase Circles capability to originate and terminate payments globally, near-instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross-border commerce,” said Irfan Ganchi, senior vice president of payments at Circle.　　Tazapay has been a design partner for the Circle Payments Network since 2025. Circle said Tazapay customers should

09-08Industry

Ledger CTO urges AI bug hunter responsibility, warns against ‘attention farming’

Hardware wallet makers Ledger and Trezor called for more responsible disclosure of security vulnerabilities.　　In a Monday post on X, Ledger chief technology officer Charles Guillemet said artificial intelligence has made bugs easier to find and exploit. However, some researchers are publishing their findings before fixes are available, a practice he called “attention farming with someone elses risk.”　　Guillemet urged researchers to report bugs privately and agree on a timeline for fixes before publishing details. He cited 90 days as a common default, with flexibility depending on the severity of the flaw and the work needed to fix it.　　“Ninety days is a commitment on the vendor, not just on the researcher,” Jan Komárek, Trezors head of security, told Cointelegraph.　　“Researchers: come to us first, agree a timeline, then publish in full, and if we fail to ship a fix in that window, publish anyway,” he said.　　Hardware wallet security has come under scrutiny after Coldcard thefts exceeded $100 million and a data breach at Trezor‘s shipping provider exposed tens of thousands of customers’ personal information.

09-08Industry

Uzbekistan begins government bond-backed stablecoin payment pilot

Uzbekistan has launched a pilot to test payments with a som-pegged stablecoin backed by government securities.　　On Monday, the National Agency for Prospective Projects (NAPP) said it had registered Humo Digital as a participant in a special regime jointly overseen with the central bank. The pilot will test the issuance, circulation and redemption of HUMO, with each token pegged to one Uzbek som.　　NAPP said more than 20 merchants are prepared to test HUMO payments for goods and services.　　The project will also integrate participating banks payment-processing and blockchain infrastructure. Asterium, a licensed crypto exchange, will serve as a project partner.　　According to the Central Bank of Uzbekistan, the initial trial will run for 12 months, with the project‘s total duration capped at three years. Regulators will assess the adequacy and safeguarding of the token’s collateral, cybersecurity, consumer safeguards, anti-money laundering controls and risks to financial and price stability.　　The pilot follows a framework approved in November 2025. At the time, Uzbekistan said it was planning to permit stablecoin payment trials under a sandbox, alongside provisions for tokenized shares and bonds.

09-08Industry

Bitcoin News Today: Liquid Network Has 85% of BTC Returned

In the latest Bitcoin news, the white hackers behind the withdrawal of roughly 4,000 BTC from the Liquid Network returned 3,400 BTC, worth approximately $269.2 million, to the sidechains federation wallet, recovering about 85% of the funds.　　Approximately 598.5 BTC, worth roughly $47 million, remains in an address linked to the withdrawal, and Liquid has not said when its peg services will resume or how the shortfall will be handled.　　This is not simply a recovered exploit. It is a partial resolution that leaves a sidechains backing, custody status, and operational timeline all unresolved at once.　　The remaining 598.5 BTC sits in an address tied to the incident rather than a wallet confirmed lost. Liquid has not announced whether that Bitcoin will be returned, how it will cover any resulting gap in L-BTC backing, or when normal side-chain and peg operations will resume.　　Update: 3,400 BTC of the roughly 4,000 BTC withdrawn on September 6 has been returned to the @Liquid_BTC Federation wallet. The return followed confirmation from @Blockstream that the affected bridge nodes have been patched. Approximately 598 BTC remains outstanding, and…　　— Samson Mow (@Excellion) September 7, 2026　　DISCOVER: Trade Crypto On Binance　　Liquid Bitcoin Hack: How the Withdrawal and Return Unfolded　　The incident began Sunday

09-08Industry

...

248250

...

1000