Crypto Industry News & Market Trends

XRP Ledger Batch upgrade remains below 80% vote

XRP Ledger validators are moving closer to approving BatchV1_1, but live voting data on Sept. 8 showed the amendment remained below the threshold needed to begin its two-week activation period.　　BatchV1_1 had support from 24 of 35 validators on the default Unique Node List, equal to 68.57%, according to XRPScan. At least 29 affirmative votes would be required to exceed 80% with the current validator count.　　The XRP Ledgers Batch amendment is now at 68% support　　We could see Batch going live by the end of this month　　Batch will unlock a lot of new use cases for the XRP ecosystem　　You can track progress here https://t.co/OzfHPHqP2E pic.twitter.com/uoo2Q5kf0X　　— moonkie ???? (@xmoonkie) September 7, 2026　　The amendment would let accounts bundle as many as eight transactions into one coordinated operation. However, reports suggesting it will activate in September remain speculative because the required majority has not been reached.　　A September activation is possible only if support first exceeds 80% and remains there continuously for fourteen days.　　XRP Ledger Batch vote has not started its countdown　　XRPL amendments activate only after holding support from more than 80% of trusted validators for two consecutive weeks. If support falls below that level during the period, the timer resets.　　BatchV1_1 therefore needs at least five

09-08Industry

Cardano ships node 11.1.1 ahead of Dijkstra

Cardano released node version 11.1.1 ahead of its next major network era, completing the first of four planned node milestones supporting the Dijkstra hard fork.　　SummaryCardano node 11.1.1 has shipped, removing legacy tracing and addressing known Genesis-related operational issues.Node 11.2 will open most Dijkstra features for testing while excluding Leios consensus components initially.DijkstraNet is expected after node 11.2 for Plutus V4, nested transactions and CIP-50 testing publicly.Intersects moderate-confidence hard-fork window runs December 5 through January 4, pending readiness and governance approval.Peras remains planned for a separate intra-era hard fork during the second quarter of 2027.　　Intersect‘s container registry shows that version 11.1.1 was published during the weekend ending Sept. 6. The release removes Cardano’s legacy tracing system and addresses known Genesis-related issues. It also responds to increased memory use identified during testing of node 11.1.0.　　The maintenance release arrived as Intersect published a more detailed Dijkstra schedule. Node versions 11.2 and 11.3, followed by the final protocol version 12 release, will progressively introduce the code required for testing and mainnet activation.　　Intersect currently places a possible Dijkstra enactment between Dec. 5, 2026, and Jan. 4, 2027, under its “moderate confidence” timeline. A later “high confidence” window runs from Feb. 24 to March 26, 2027.　　You

09-08Industry

Gold price in Pakistan: Rates on September 8

Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet.　　The price for Gold stood at 39,601.85 Pakistani Rupees (PKR) per gram, up compared with the PKR 39,392.19 it cost on Monday.　　The price for Gold increased to PKR 461,932.20 per tola from PKR 459,462.80 per tola a day earlier.Unit measureGold Price in PKR1 Gram39,601.8510 Grams396,039.00Tola461,932.20Troy Ounce1,231,756.00　　FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

09-08Industry

France faces $9.4B crypto tax reporting test: Chainalysis

Chainalysis estimated on Aug. 26 that France generated about $9.4 billion in potentially taxable crypto activity during 2025, placing the country among the worlds 15 largest markets covered by its latest crypto tax study.　　The estimate included $1.7 billion in crypto income, $2.5 billion in realized gains and $5.2 billion in crypto payments. It arrives as France prepares to receive detailed customer and transaction data under the European Union‘s DAC8 tax reporting system and the OECD’s Crypto-Asset Reporting Framework, or CARF.　　Chainalysis Says Crypto Tax Non-Compliance May Top 90% Ahead of Frances 2027 Reporting Regime　　Chainalysis said crypto tax non-compliance may exceed 90% in some countries, as France prepares to receive far more detailed crypto transaction data from 2027 under the EUs DAC8… pic.twitter.com/c2O4cRfPKp　　— Wu Blockchain (@WuBlockchain) September 8, 2026　　Chainalysis described the figures as “potentially taxable activity,” rather than unpaid taxes or government revenue. Tax treatment varies by transaction type, taxpayer status and national law. Crypto payments, for example, cannot be treated as equivalent to undeclared capital gains.　　The company also did not estimate that more than 90% of French crypto taxes went unpaid. Its reference to non-compliance above 90% came from a Swedish tax authority study concerning taxpayers in Sweden. Applying that rate

09-08Industry

Liquid ‘white hats’ return $270M in Bitcoin as network prepares restart

Purported white-hat hackers returned 3,400 Bitcoin worth about $270 million to the Liquid Federation wallet after withdrawing roughly $320 million from the Bitcoin sidechains reserves.　　On Monday, JAN3 CEO and former Blockstream executive Samson Mow said the return followed confirmation from Blockstream that the affected bridge nodes had been patched. He said about 598 BTC remains outstanding and that Blockstream continues to engage with the actors.　　The return follows a Sunday security incident in which hackers withdrew about 4,000 BTC from the wallet‘s roughly 4,200 BTC. Onchain records show that exactly 3,400 BTC was transferred back to the federation’s wallet address.　　Blockstream said updated software had been deployed and federation members were preparing for a coordinated restart. Liquid issues L-BTC against Bitcoin held by its federation, so the return of about 85% of the withdrawn Bitcoin restores much of the backing removed in the incident as the paused network prepares to resume operations.　　Bitcoin return follows onchain negotiations　　The original withdrawal was processed through SideSwaps Peg-out Authorization Key, although Liquid and SideSwap said the key itself was not compromised. SideSwap said the L-BTC involved originated from a bug in Elements, the open-source software underpinning Liquid.　　Blockstream contacted the actors through signed messages embedded in Bitcoin transactions.

09-08Industry

Bitcoin Bull Market Setup Mirrors 2015, Willy Woo Says as Debate Grows

Key TakeawaysWilly Woo sees parallels between the current market and 2015.Another analyst says his data shows no such decoupling.Different calculation periods can produce sharply different readings.　　Bitcoin-Stock Split Revives the 2015 Comparison　　Bitcoin market analyst Willy Woo argued Sept. 6 that BTCs relationship with stocks had reached its widest divergence in nearly a decade, potentially resembling an early stage of the cycle that culminated in the 2017 bull market. Woo shared a long-term bitcoin-to-S it incorporates months of earlier co-movement that a shorter calculation may exclude.　　Recent Data Show a Shifting Market Relationship　　Broader market conditions provide some support for Woos concern about equity fragility, although they do not establish that the 2015 sequence will repeat. Grayscale recently cited record U.S. household equity exposure and elevated stock valuations in its assessment of equity concentration risk, arguing that concentrated portfolios could become more vulnerable to an equity-market reversal.　　Other correlation measures indicate that bitcoin has recently moved away from technology stocks while drawing closer to gold. Bitwise data showed bitcoin‘s 90-day correlation with gold moving above 0.5, while Glassnode data showed bitcoin’s 30-day correlation with the S&P 500 falling toward zero during the August rally. The changing correlation profile supports the broader decoupling discussion without confirming

09-08Industry

OpenAI's own compute data undercuts its chief scientist's call to slow down AI

This weekend, OpenAI chief scientist Jakub Pachocki said no AI lab, not even his own, had made alignment and monitoring safe enough to keep speeding up model capability.He called for voluntary slowdowns across the industry until shared safety standards exist.　　The warning is serious business. Pachocki leads the research at the company, which just shipped the fastest, most powerful model in the industry.　　o1-previews chain of thought was hidden on purpose　　Pachocki presented his case in an essay titled “An Alien Mind,” posted to the OpenAI website on Sept. 6, three days after the company rolled out GPT-6 Astra.　　His parting line was that “no lab has solved alignment and monitoring to a sufficient degree to continue responsibly scaling at maximum speed for much longer.” He wrote that he hopes voluntary slowdowns become the norm until the industry reaches consensus on common safety bars.　　“This is a time that calls for extreme caution. I am concerned no one is prepared for the consequences of a continued rapid rise in machine intelligence,” Pachocki wrote in the essay.　　On the basis of internal results, he anticipates the current pace will persist into recursive self-improvement, where systems meaningfully drive their own development.　　Discover more　　Deploy Cloud Servers　　Choose POS Systems　　Get Tarot Readings　　Sam

09-08Industry

Arthur Hayes Details FLOP AI Inference Network

Arthur Hayes released a fuller design for FLOP Network, a proposed blockchain where artificial-intelligence agents pay miners for inference and validators settle proofs of the completed work. Hayes pointed readers to the project documentation in a Sept. 7 post, moving the initiative beyond the brief outline he presented in August.　　The project introduction remains explicitly labeled a draft and says it was updated Aug. 27. Its specifications describe intended behavior, not a running network, and the design can change before any launch.　　Agents would buy inference with FLOP　　Under the proposal, an agent sends a session request to the network mempool. The request identifies a model-weight hash, a maximum latency, the computational requirement measured in floating-point operations, a confidentiality setting and the fee offered for the task.　　A miner with suitable hardware accepts the request, runs the inference and returns a proof. Validators then place the proof hash in a block, after which the miner receives the session payment and part of the block reward. The document says ordinary graphics processors could participate, while confidential computing would be an optional service tier.　　Staking would back miner and validator behavior　　FLOPs draft requires miners and validators to stake the network token. Dishonest inference claims or blocks could

09-08Industry

Euro holds gains above 1.1600 on ECB tightening prospects

The EUR/USD pair trades with mild gains around 1.1625 during the early Asian session on Tuesday. The Euro (EUR) strengthens against the US Dollar (USD) amid expectations of a rate hike from the European Central Bank (ECB). Traders await the US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation data later this week.　　The ECB delivered its first hike since 2023 in its June policy meeting to tame surging prices, but then hit pause at its last meeting in July to see how the conflict would develop. The ECB is set to hike its benchmark rate for the second time this year at its policy meeting on Thursday.　　“The ECB governing council looks certain to raise its deposit rate from 2.25 percent to 2.5 percent,” said Andrew Kenningham, chief Europe economist at Capital Economics.　　ECB President Christine Lagarde is expected to give little away at her press conference after the rate call and insist that future decisions will be based on incoming data.　　Across the pond, a stronger-than-expected US jobs report showed 162K job additions in August, pushing Federal Reserve (Fed) rate-hike bets above 60%.　　Additionally, ongoing Middle East tensions, including tit-for-tat strikes between the US and Iran on vessels sailing in the

09-08Industry

Tether-backed crypto exchange freezes withdrawals after $7 million leaves custody

Tether-backed Orionx is shutting down with customer withdrawals frozen after more than $7 million left its custody.　　Related Company Tether Limited Issuer of USDT Stablecoin　　The Chilean crypto exchange said a forensic audit found that customer assets had been transferred to wallets outside its control, prompting it to begin a permanent closure and suspend withdrawals while it determines how much it can return.　　The failure comes less than a year after Tether invested in Orionx in June 2025, following an earlier investment by affiliated exchange Bitfinex in 2023. Tether‘s backing had been intended to support Orionx’s expansion across Latin America.　　Customers now face a less certain outcome. Chile‘s Comisión para el Mercado Financiero said it cannot oversee Orionx’s wind-down or order the exchange to return customer assets, leaving users dependent on the companys restitution process or potential court action.　　Orionx said it froze withdrawals to prevent customers who move first from recovering assets at the expense of those who remain. Its closure tracker is still at the first of five stages, with account reconciliation and approval of a restitution plan required before funds are returned. No repayment date has been disclosed.　　Customers face recovery without a regulatory backstop　　The CMF‘s limited role stems from Orionx’s regulatory status.　　The

09-08Industry

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