Crypto Industry News & Market Trends

Shiba Inu (SHIB) Adds Exceptional 75 Billion to Exchanges in 24 Hours

In an effort to maintain its recent price recovery, Shiba Inu is witnessing a discernible rise in exchange inflows. According to on-chain data, net exchange flows rose by about 75 billion SHIB during the previous day, which could lead to more selling pressure. There are currently 193.32 billion SHIB in total exchange inflows and 131.59 billion SHIB in outflows.　　Shiba Inu netflows stay high　　Netflows are left at roughly 61.73 billion SHIB due to the difference. However, the net amount going toward exchanges has increased by about 75 billion tokens when compared to the previous reading. More important than the metrics displayed percentage change is the direction.　　SHIB/USDT Chart by TradingView　　More tokens become accessible on centralized trading platforms when inflows surpass withdrawals. Since exchange transfers can happen for a variety of reasons, this does not ensure that holders will sell their SHIB; however, consistent positive netflows typically boost the immediately liquid supply.　　Exchange reserves offer more context. Currently, exchanges hold about 87.36 trillion SHIB, which has increased by 0.07 percent in the last day. Exchange reserves are currently valued at about $477 million, up 0.44 percent. The shift occurs at a time when SHIBs price is vulnerable.　　Shiba Inu is set　　After making a significant comeback

09-06Industry

Tether-backed Orionx closes over $7m custody gap

Chilean crypto exchange Orionx began permanently closing its operations on Sept. 3 after a forensic audit identified a custody shortfall exceeding $7 million.　　SummaryOrionx began permanently closing after an audit found over $7 million missing from custodial wallets.Customer withdrawals remain suspended while Orionx calculates balances and prepares its planned asset restitution process.Chile‘s financial regulator rejected Orionx’s authorization application in June and never supervised the platforms activities.Orionx filed a criminal complaint against two cofounders who have categorically denied the companys allegations.Tether led Orionxs Series A financing in June 2025, fifteen months before the closure announcement.　　The company suspended customer withdrawals and said it could not guarantee that every client would recover 100% of their assets.　　The exchange said the audit found transactions that moved assets under its custody to wallets it did not control. Orionx has filed a criminal complaint with Chilean prosecutors and launched a restitution process intended to return as much as possible to customers.　　The allegations have not been proven in court. The two former executives named in the complaint have denied wrongdoing and said the cause of the shortfall remains unresolved.　　Información importante　　Hoy Orionx informó el inicio de un proceso de cierre definitivo de sus operaciones.　　Revisa toda la informacion en https://t.co/OamPFTfoDo　　Atención: Nunca

09-06Industry

Bitwise HYPE ETF adds $10.5m after four-day pause

Bitwises Hyperliquid exchange-traded fund resumed accumulating HYPE on Sept. 4 after four days without a tracked purchase.　　SummaryArkham tracked Bitwise-linked wallets purchasing approximately $10.5 million in HYPE after four inactive trading days.BHYP‘s tracked HYPE purchases reached $166.3 million since launch, according to Arkham’s on-chain address attribution.Friday‘s allocation was the fund’s largest tracked purchase since buying $23.2 million on August 27.Bitwise launched BHYP on NYSE Arca in May, providing direct exposure to the HYPE token.The trust uses Anchorage Digital Bank for custody and targets staking 70% of its assets.　　Wallets linked to the fund acquired approximately $10.5 million of the token, according to blockchain intelligence platform Arkham.　　The allocation was BHYPs largest tracked purchase since a $23.2 million transaction on Aug. 27, Arkham reported on Sept. 6. The platform estimates that Bitwise-linked addresses have accumulated about $166.3 million in HYPE since the product launched.　　Arkham described BHYP as the “largest HYPE ETF.” That ranking relies on addresses identified by its analysts and the market value of tokens attributed to each product. Bitwise has not issued a matching announcement confirming the $166.3 million figure.　　BITWISE IS BUYING HYPE AGAIN　　Bitwise‘s BHYP clients didn’t buy any HYPE for 4 days straight. On Friday they bought $10.5M, the biggest day

09-06Industry

Two Hot New Cryptos From Robinhood and BNB Officially Listed on Binance Futures: Full Details

Worlds biggest crypto exchange Binance officially expanded its derivatives lineup today, launching perpetual contracts for two fundamentally different assets: the utility token PONS (Robinhood Chain) and the meme coin HAJIMI (BNB Smart Chain).　　When setting the trading conditions, the exchange applied a differentiated approach to risk management: leverage of up to 20x is available for PONS, while leverage for the highly speculative HAJIMI is strictly capped at 3x.　　Binance listing market reaction for HAJIMI and PONS tokens, Source: TradingView　　The listings triggered an immediate influx of liquidity onto the exchange, reflected in a vertical surge in trading volumes on TradingView charts, and opened a window for a major on-chain attack.　　The difference in available leverage stems from the projects different natures and business models. PONS is the native utility token of Pons, the dominant launchpad on Robinhood Chain, an Arbitrum-based L2 network.　　Its deflationary model is built on automatic PONS buybacks and burns funded by fees. Following the news, the asset hit new highs around $0.93, with a daily trading volume of $20.39 million, while its market capitalization is already approaching $1 billion.　　In contrast, HAJIMI is a pure meme coin on BNB Chain, launched through the four.meme platform. The asset is fueled exclusively by hype

09-06Industry

Bukele Denies El Salvador Transferred Its Bitcoin Reserve

President Nayib Bukele denied claims that El Salvador was ceding control of its strategic bitcoin reserve to a private operator, calling these allegations “totally false.” Bukele stressed that only Chivo Wallet shares were transferred to a private operator, not the BTC the nation owns.　　Key TakeawaysBukele slammed false reports of a transferred bitcoin reserve, clarifying only Chivo shares were privatized.The IMF praised El Salvadors economic growth and fiscal surplus, which Bukele credited to better security.Bukele ignored IMF claims that bitcoin reserves came from donations, as the country continues buying crypto.　　Bukele Denies El Salvador Transferred Its Bitcoin Reserve to a Private Operator　　President Nayib Bukele clarified the status of El Salvadors sovereign bitcoin reserve after reports assured it had been transferred to a private operator.　　El País, one of the largest journals in Spain with over 17.6 million unique users, claimed on social media that El Salvador had transferred “the majority ownership and control of more than 7,763 cryptocurrencies, valued at over 632 million dollars, into the hands of a private operator,” citing a press release from the International Monetary Fund (IMF) as the primary source for these allegations.　　Bukele swiftly rebuked this, stressing that it was “totally false.” He stated that these journalists and

09-06Industry

Vitalik Buterin reveals Ethereums transaction redesign

Ethereum co-founder Vitalik Buterin outlined a longer-term transaction model on Sept. 6 that could allow the network to process some validation work in parallel.　　SummaryButerin proposed separating transaction actions from dependencies so Ethereum can optimize each component independently later.Dependencies include signatures, state proofs and validity conditions that transactions must satisfy before execution begins.Pure dependencies could be checked once by mempools and later compressed into recursive STARK proofs.EIP-8141 proposes frame transactions with programmable validation, execution and gas payment inside one transaction format.Ethereum developers have not approved EIP-8141 for a mainnet upgrade or published deployment dates yet.　　His proposal separates the effects produced by transactions from the conditions that must be satisfied before those effects can occur.　　Buterin described the two components as “actions” and “dependencies” in a detailed post. Actions change Ethereums state, such as transferring ETH or calling a contract. Dependencies cover the information required to establish that a transaction is valid.　　A digital signature is one example of a dependency. Other examples include Merkle proofs showing that an unspent output exists, zero-knowledge proofs and state conditions that must remain true when a transaction enters a block.　　Buterin argued that making this distinction explicit could help Ethereum scale without abandoning its flexible execution environment. However,

09-06Industry

Strategy and Robinhood now lead a $4.5 billion large-cap ETF that was not built for crypto

A $4.5 billion US large-cap stock fund now has two crypto-sensitive companies at the top of its portfolio.　　Related Company Strategy Business intelligence software　　The Fundstrat Granny Shots US Large Cap ETFs Sept. 4 holdings snapshot ranked Bitcoin-treasury company Strategy (MSTR) first at 3.02% and retail financial platform Robinhood Markets (HOOD) second at 2.99%. Together they represented 6.01% of the portfolio. The fund, known by its ticker GRNY, reported $4.533 billion in assets and 42 holdings as of Sept. 3.　　GRNY owns equities, not Bitcoin, and describes itself as an actively managed US large-cap fund. Yet its two largest holdings connect shareholders to crypto through public companies: Strategy through its Bitcoin treasury and Robinhood through a trading business that includes crypto.　　Related Asset Bitcoin BTC · $79,622.12 24-hour change: down 0.15%　　The snapshot demonstrates one route by which crypto-linked volatility can reach investors in a generalist stock portfolio. One fund cannot establish that mainstream managers broadly are replacing direct crypto allocations with proxy stocks.　　Related Company Robinhood American financial services company　　The ranking followed an equal-weight reset and an MSTR rally　　GRNYs Aug. 21 rebalance notice said all holdings would be reset to equal weight. Strategy and Robinhood were already in the portfolio and remained there; neither was

09-06Industry

Arbitrum (ARB) Suddenly Up 120%

With ARB rising from about $0.08 in late August to almost $0.20 in September, Arbitrum has begun one of its biggest rallies of 2025. The move from the recent base is now well over 120%, and the most recent daily candle alone added nearly 10%.　　Inderect revenue source　　Robinhood Chain, which functions as a specialized Arbitrum chain, seems to be the primary catalyst. Recently, Robinhood Chain surpassed $2 million in revenue from 24-hour transactions, and 10% of net protocol revenue is returned to the Arbitrum ecosystem. If the activity continued at that rate, Arbitrums share would annualize to about $73 million.　　ARB/USDT Chart by TradingView　　As a result, ARBs core narrative is now far clearer than it was in the preceding months. In late August, Robinhood Chains gross revenue reportedly surged from approximately $54,700 on August 22 to over $1.08 million on August 30, and Arbitrums matching stake increased to $108,000 from about $5,400. Metrics for the broader ecosystem have also improved.　　According to the Arbitrum Foundation, its networks handled 478 million transactions in the first half of 2025, and the average monthly volume of stablecoin transfers surpassed $70 billion. During that time, ArbitrumDAO earned $6.19 million, and in July, Robinhood Chains first month on

09-06Industry

Tether-backed Orionx to shut down after audit flags $7M custody gap

Orionx, a Chilean crypto exchange backed by USDt stablecoin issuer Tether, is shutting down after uncovering a multimillion-dollar issue linked to asset custody.　　The exchange said it began a permanent closure process after a forensic audit found more than $7 million in custodial assets had moved to wallets it did not manage, according to a company announcement shared on X on Thursday.　　“Our sole priority now is to return as much of our clients assets as possible,” Orionx said, adding that withdrawals are temporarily suspended.　　The closure comes just 15 months after Tether led Orionxs Series A as part of its push to expand digital asset adoption in Latin America.　　Orionx leaves timing of $7 million transfers unclear　　Orionxs post did not specify when the more than $7 million in transfers occurred or how the discrepancy was initially uncovered.　　As part of its efforts to comply with Chile‘s Fintech Law, Orionx conducted a review of its operations in 2025 and brought in financial professionals, according to the major Chilean newspaper La Tercera, citing the company’s criminal complaint.　　On Aug. 27, chief operating officer Thomas Mac Millan detected a “significant mismatch” between balances recorded in Orionxs systems and assets actually held in custody, according to the complaint.　　Related: BitMEX

09-06Industry

Hyperliquid burns $830K in HYPE near record high

Hyperliquid repurchased and burned approximately 9,730 HYPE tokens during the 24 hours ending Sept. 6, according to blockchain data published by Onchain Lens.　　The transactions were worth about $829,500 at an average purchase price of $85.27 per token. The latest activity increased the amount of HYPE classified as burned to approximately 48.42 million tokens.　　That total represents about 4.84% of HYPEs original maximum supply of 1 billion tokens. At a price of roughly $85.50, the cumulative balance would be valued near $4.14 billion.　　The $4.14 billion figure is a mark-to-market calculation. It does not represent the amount Hyperliquid spent acquiring the tokens. The Assistance Fund purchased HYPE at different prices over time, and Onchain Lens did not publish a cumulative acquisition cost in its latest update.　　HYPERLIQUID BURNS $830K HYPE IN 24 HOURS　　Hyperliquid bought and burned 9.73K $HYPE (~$829.5K) over the past 24 hours at an $85.27 average price.　　Lifetime:　　· 48.42M $HYPE burned　　· ~$4.14B at current value　　· 4.84% of max supply permanently removed　　— Onchain Lens (@OnchainLens) September 6, 2026　　Hyperliquid burns HYPE through its Assistance Fund　　Hyperliquid uses an automated mechanism called the Assistance Fund to direct most eligible protocol fee revenue toward open-market HYPE purchases. The tokens are then removed from circulating and total supply under

09-06Industry

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