Crypto Industry News & Market Trends

Ripple CEO Sees $11B Dutch Gold Move as an Ideal Crypto Use Case

Key TakeawaysGarlinghouse called the gold relocation an ideal crypto use case.Most of the 86 metric tons were sold in New York and rebought in London.The operation improved access to gold during a potential crisis.　　Garlinghouse Contrasts Gold Logistics With Crypto Transfers　　Ripple CEO Brad Garlinghouse argued on Sept. 4 that a months-long gold operation by De Nederlandsche Bank (DNB), the Dutch central bank, exposed the limitations of traditional financial infrastructure. In a post on social media platform X, he contrasted the process with cryptos capacity to transfer value globally, placing the physical gold market at the center of a broader debate over modern settlement systems.　　“A good reminder on how finance still works today… the Central Bank of Netherlands just spent months moving $11B in gold from New York to London,” Garlinghouse wrote. The operation shifted approximately 86 tons from reserves held in New York and Ottawa to London between March and August. The details appeared in DNBs Sept. 2 statement.　　The Ripple chief executive compared the development of cryptocurrency since 2013 with the methods central banks still use to reposition physical reserves. He said crypto had expanded from a small experiment into a multitrillion-dollar asset class supported by financial infrastructure and market liquidity.　　“In

09-08Industry

Mining 50 BTC for $5.68 Looked Too Expensive 16 Years Ago

A resurfaced Bitcoin forum post from Sept. 7, 2010 shows just how dramatically the economics of mining have changed.　　At the time, one early Bitcoin user calculated that producing a single block on their home computer would cost roughly $5.68 in electricity.　　The block subsidy was then 50 BTC, but the miner described the setup as “a net loser.”　　Mining 50 BTC for $5.68 Looked Too Expensive 16 Years Ago　　XRP Whales Hold $1.40 as Lummis Warns: ‘No CLARITY Now Means 2030’ – Main Crypto News This Morning　　Hindsight is 20/20　　The user, TTBit, said they had connected a Kill-a-Watt electricity meter to their computer and measured power consumption at roughly 140 watts with the monitors switched off.　　Their machine was producing around 2,200 kilohashes per second.　　They estimated that it would take approximately 14 days and two hours to successfully mine one Bitcoin block based on the difficulty.　　That would consume approximately 47.3 kilowatt-hours of electricity. At an electricity rate of 12 cents per kilowatt-hour, the resulting cost worked out to $5.68.　　You Might Also Like　　“It would cost me 47.327 kWh to produce a block; at 12 cents per kWh, thats $5.68 per block, a net loser,” the user wrote.　　Yes, you got this right: the user was actually debating

09-08Industry

Dogecoin Price Rallies 8% As Memecoin Season Shows Signs Of Rebound

Key Insights:Dogecoin price rises 8.56% in seven days as DOGE holds the $0.081 support level.DOGE price shows strength while other major memecoins also post weekly gains.Memecoin season may be returning, but the wider market still needs stronger signs of recovery.　　Dogecoin price is showing fresh strength as memecoin interest starts to return. DOGE has held key support level while traders watch for a wider memecoin season, but the market is still selective and most meme tokens have yet to join the move. That leaves room for caution as this rebound takes shape.　　Dogecoin Price Gains As Meme Tokens Wake Up　　Dogecoin is among the meme tokens showing signs of life as the wider sector looks for a fresh push. Data shown on CoinMarketCap puts DOGE price at about $0.08974, with the token up 8.56% over the past seven days. That makes the recent move more notable at a time when memecoin interest remains weak across the wider altcoin market.　　The same data shows Dogecoin with a market value of about $15.39 billion and 24-hour trading volume near $904.6 million. DOGE was slightly lower over the latest 24-hour period, but its weekly gain stands out. The move also puts Dogecoin ahead of several other large

09-08Industry

Zondacrypto Probe Expands as Fifth Suspect Faces Charges

Polish prosecutors have expanded their investigation into Zondacrypto after charging Roman Ż., a former associate of BitBay founder Sylwester Suszek. Roman Ż. now faces fraud charges and another unspecified offense, making him the fifth person accused in the widening case.　　Authorities detained him over the weekend after investigators raised concerns that he could leave Poland. Prosecutors reportedly plan to seek his pretrial detention as the investigation gathers momentum.　　Investigation Broadens　　The case gained wider attention after Zondacrypto customers reported withdrawal problems in April. More than 3,600 complaints had reached prosecutors by June, while customers estimated potential losses above $94 million. Consequently, investigators began examining allegations of large-scale fraud and money laundering.　　Moreover, prosecutors merged the exchange investigation with Suszeks disappearance case in July. Suszek founded BitBay before the platform later adopted the Zondacrypto name. He disappeared in March 2022, adding another serious dimension to the inquiry.　　New Connections Emerge　　Roman Ż. previously worked closely with Suszek and reportedly helped develop BitBays Katowice headquarters. Additionally, testimony in a tax case identified him as an alleged founding figure behind the exchange.　　The investigation also involves political lobbying and suspected organized crime links. Radosław Piesiewicz, Poland‘s Olympic Committee chairman, faces separate allegations tied to the exchange’s financial troubles. Three other

09-08Industry

Stablecoin Selloffs Can Accelerate After a Critical Shock

Stablecoins may remain stable through ordinary bouts of bad news, but a severe shock can quickly turn into a much deeper selloff, according to research from Renmin University of China.　　Researchers used large language model agents to study how stablecoins respond when negative information hits the market. Their tests found that selling can remain manageable at first, then accelerate once it reaches a certain level.　　Small price gaps can attract arbitrage traders, who buy the stablecoin and help push it back toward $1. A larger shock can drain available liquidity and keep investors selling, making that process less effective.　　Fear Can Amplify Stablecoin Depegging　　The researchers found that fear, thin liquidity and heavy retail selling can reinforce one another. As more orders pile up on one side of the market, arbitrage traders may become less willing to step in.　　Related: What the Crypto CLARITY Act Means for Traders If It Passes the Senate　　During the strongest shocks, the source of the risk made little difference in the experiments. The severity of the event appeared to matter more than the narrative behind it.　　The March 2023 USDC crisis showed how quickly those pressures can spread. Investors sold the token after concerns emerged over its reserves, while the weekend

09-08Industry

Capital B Buys 376 Bitcoin for $29.4M as Treasury Grows to 3,521 BTC

Key TakeawaysCapital B bought 376 BTC for $29.4M, lifting its bitcoin treasury to 3,521 BTC.Adam Back and TOBAM-backed funding show firms still using equity markets to expand bitcoin treasuries.Investors will watch whether bitcoin gains can close Capital Bs roughly $80M cost-basis gap.　　Capital B Adds Bitcoin After $33.3M Private Placement　　Capital B is doubling down on bitcoin, adding 376 BTC to a corporate treasury that now holds 3,521 BTC.　　The Euronext Growth Paris-listed company spent about $29.4 million (€25.3 million) on the latest purchase, paying an average of roughly $78,025 (€67,182) per bitcoin. The acquisition was funded through recent equity raises.　　Capital B has now spent approximately $359.3 million (€309.4 million) building its bitcoin reserve, at an average acquisition price of about $102,061 (€87,878) per BTC. The latest purchase comes as companies using bitcoin as a treasury asset continue to rely on capital markets to increase their holdings rather than waiting for operating cash flow.　　Discover more　　Distributed & Cloud Computing　　FINANCE　　Digital Currencies　　Adam Back and TOBAM Back Fresh Bitcoin Purchases　　Capital B completed approximately $33.3 million (€28.7 million) of private placements with institutional investors, including Blockstream co-founder Adam Back and asset manager TOBAM. It separately raised about $1.67 million (€1.44 million) through an ATM-style equity program with TOBAM.

09-08Industry

Citi Survey sees Banxico frozen as Peso holds below 18.00

Citi Mexico released its September “Expectations Survey,” in which most private economists expect the Bank of Mexico (Banxico) to hold rates unchanged, while the exchange rate is forecast to end below the 18.00 threshold by the end of 2026.　　The poll showed that most economists expect the main reference rate to be at 6.50% at least until the end of 2027, with the range fluctuating between 6.25% and 6.75%. The USD/MXN is expected to end at 17.50 by the end of the current year, and for the end of 2027, the consensus see the exotic pair at 18.07, down from 18.24.　　Discover more　　Finance　　Digital Currencies　　financial　　Regarding inflation, it is expected to finish at 4% for 2026, while the core component is expected to end at 4% as well, according to the survey.　　Mexicos Gross Domestic Product (GDP) is forecast to end 2026 at 1.3%, up from 1.2% YoY, according to the survey. For 2027, respondents expect the economy to grow by 1.8%, as in the previous survey, with estimates ranging from 1.0% to 2.3%.　　Banxico FAQs　　The Bank of Mexico, also known as Banxico, is the country‘s central bank. Its mission is to preserve the value of Mexico’s currency, the Mexican Peso (MXN), and to set the

09-08Industry

Privacy Sector Emerges as Cryptos Only Gainer Above 2025 High, ZEC Leads With 2,496% Surge

TLDR:Privacy sector up 213% since Bitcoins October high while every other sector remains lower.ZEC surged 2,496%, jumping from rank 82 to rank 7 among all cryptocurrencies by market cap.Privacy sector market cap grew from $7.1B to $33.6B, nearly matching Trons valuation today.Excluding ZEC, the privacy basket still gained 85% yearly, showing broad sector-wide strength.　　The privacy sector has become the only major cryptocurrency category trading above its level from Bitcoins October 2025 high, according to data from Glassnode.　　The privacy sector has climbed 213% since that peak, while every other segment of the market remains below its previous mark.　　Zcash (ZEC) has driven much of this move, gaining 2,496% and climbing from the 82nd largest cryptocurrency to the seventh. The sectors total market capitalization has grown from $7.1 billion to $33.6 billion over the past year.　　Privacy Sector Outpaces Broader Market Decline　　Bitcoin currently trades 36% below its October 2025 high, 335 days after that peak was recorded. The median asset among the top 200 cryptocurrencies sits 58% below its level on that day. Against this backdrop, the privacy sector stands out as the single category that has moved higher rather than lower.　　Discover more　　financial　　News　　Merchant Services & Payment Systems　　Glassnode highlighted this divergence in a recent post

09-08Industry

A seven-year-old blockchain is permanently abandoning its own network to seek refuge on Ethereum

Harmony is proposing to shut down the blockchain it controversially restored through a rollback less than three weeks ago.　　Related Asset Ethereum #2 ETH · $2,484.20 24-hour change: down 1.07% 24H Down 1.07% 7D Up 0.79% 30D Up 29.76%　　The Sept. 6 plan would end Harmony‘s independent network, move ONE to Ethereum, and preserve the token through a snapshot and airdrop, reversing the project’s position from Aug. 17, when it rejected migration as too disruptive.　　Instead, Harmony chose to roll back the chain after an Aug. 11 exploit that allowed attackers to reuse cross-shard receipts and mint tokens without corresponding debits elsewhere.　　The project initially reported 4 billion ONE created in the attack. Its broader reconstruction later put unauthorized issuance at roughly 3.01 trillion ONE across six forged transactions.　　Related Asset Harmony ONE · $0.00071 24-hour change: down 4.24%　　Harmony completed the rollback on Aug. 21, discarding more than 109,000 regular transactions and 315 staking transactions from the affected shard-0 archive, and said the network was operating normally.　　This represents the second major attack the blockchain network has suffered in recent years.　　In June 2022, Harmony‘s Horizon bridge was drained of nearly $100 million in an attack the FBI later attributed to North Korea’s Lazarus Group.　　The exploit marked

09-08Industry

Rocket Pauses Trading After $287K Market Attack

Rocket paused deposits, withdrawals and trading while it investigates a perpetual-market manipulation that removed about $287,000 from its Bridge. In a security update published Sept. 6, the DeFi platform said the attack occurred at approximately 19:00 UTC on Sept. 5 and involved a market that had been dormant.　　The disclosure is Rockets preliminary account, not an independent postmortem. It identifies the trading pattern and the amount withdrawn, but it does not name the attacker, publish transaction hashes or establish whether any funds have been frozen.　　How the dormant market was manipulated　　Rocket said the attacker used a burner account to post orders at artificially inflated prices and then traded against itself. That sequence created what the platform described as fake profit in one account while forcing the disposable account into bankruptcy. The profitable account subsequently withdrew roughly $287,000 in positive profit and loss from the Bridge.　　The account suggests a market-control failure rather than a confirmed smart-contract exploit. Thin or inactive markets can be dangerous when an attacker can influence execution prices and use the resulting position value elsewhere in a platform. Rocket said the loss would be socialized, although it has not yet detailed how that calculation will affect individual users.　　Trading remains paused

09-08Industry

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