Crypto Industry News & Market Trends

Bernie Sanders Pushes Bill to Ban Advanced AI Development

In briefSanders and Rep. Greg Casar announced a proposed ban on artificial superintelligence.A separate provision would pause advanced AI development pending federal safety rules.OpenAI unveiled GPT-6 Astra the same day, with Greg Brockman suggesting it could qualify as AGI.　　Sen. Bernie Sanders (I-Vt.) and Rep. Greg Casar (D-Texas) announced legislation Thursday to permanently ban artificial superintelligence and temporarily halt advanced AI development, with prison sentences of up to 20 years for violations.　　The Ban Artificial Superintelligence Act would suspend advanced AI development until a new federal agency sets safety standards and procedures for reviewing AI models. Sanders accused major AI companies of developing technology they do not fully understand and cannot reliably control.　　Myriad: How much will Elon Musk be worth in September？ Click to make your prediction.　　“Thats why I am introducing legislation to immediately pause the development of increasingly powerful AI and ban the creation of systems that humanity cannot fully control—at home and around the world,” Sanders said in a press release.　　The proposal defines superintelligence as AI that matches or surpasses human abilities across many tasks, or can undermine human control, including by overthrowing the U.S. government. That definition also covers human-level AGI, though superintelligence typically means AI that exceeds human

09-04Industry

OpenAI Releases GPT-6 Astra: The Closest AI Model Yet to AGI

In briefOpenAI released GPT-6 Astra, which president Greg Brockman called a “generational leap” and the arrival of AGI.Astra is the first model OpenAI has designated “critical” under its Preparedness Framework for cybersecurity.The model scored 100% on ExploitBench and discovered two zero-day vulnerabilities in Googles V8 engine during testing.　　OpenAI on Thursday released GPT-6 Astra, a model president Greg Brockman called a “generational leap in capability” and the arrival of artificial general intelligence, or AGI.　　In a press briefing, Brockman told reporters he believes Astra meets the bar for AGI, which means artificial intelligence that can match or exceed human capabilities. “Welcome to the AGI era,” he said, after introducing the companys most-capable model to date.　　Myriad: Which company will IPO next？ Click to make your prediction.　　If accurate, it would mean AI agents would come closer to doing the complex reasoning work humans can do, or more, across various different tasks. Brockman also acknowledged that Astra is the first system the company has rated capable of autonomously hacking well-protected systems without human guidance, raising safety and security concerns.　　Astra is OpenAIs first model to cross the “critical” threshold under its Preparedness Framework, the companys internal scoring system for dangerous capabilities.　　That designation means the model can

09-04Industry

Crypto Market Rockets to $2.73T as Fed Rate Hike Fears Evaporate

The crypto markets overall valuation turned sharply higher Thursday, pushing its total value to $2.73 trillion as fading expectations for another Federal Reserve rate increase sent traders piling back into digital assets.　　Key TakeawaysCryptos market value hit $2.73 trillion as Fed rate fears eased Thursday.ZIG jumped 18.75% and ZEC gained 18.06% as altcoins lit up across the board.Crypto traders now turn to Sept. 11 CPI ahead of the Feds Sept. 15-16 meeting.　　The move stretched across the broad market rather than staying concentrated in one corner. Bitcoin climbed roughly 4.8% and touched $81,364, while ethereum moved back above $2,500, solana reclaimed $104, BNB traded around $720 and XRP jumped roughly 8% to 9% toward $1.46.　　Fed Rate Bets Flip and Crypto Traders Pile Back In　　Federal Reserve Gov. Christopher Waller provided the spark after signaling that cooling inflation could convince him to support keeping the federal funds rate at its current 3.50% to 3.75% range when policymakers meet Sept. 15-16.　　The reaction stretched well beyond crypto. Polymarket odds of a September rate increase fell from roughly 59% Wednesday to 42% following Wallers remarks, while Treasury yields eased and gold gained about 2%. Crypto assets quickly joined the broader risk-on move.　　Lower expectations for another rate increase

09-04Industry

Bitcoin reclaims $80K as DXY falls amid continuing suspected yen intervention

Bitcoin (BTC) rallied 5% during US trading hours, reaching $81,000.　　Key points:Bitcoin rallies above $81,000 in US trading, having risen more than 5% over the past 24 hours.USD/JPY drops to 155.4 amid suspected Bank of Japan (BOJ) intervention, dragging the US Dollar Index (DXY) down to 99.Polymarket odds for a BOJ rate hold collapse further from 12% to 1%, with a 98% probability now priced in for a 25-basis-point hike on Sept. 18.　　Weaker dollar drags crypto higher　　At the time of writing, BTC stands at $81,000, near the highs seen during last months surprise upside.　　The move comes as the Japanese yen (JPY) continued to strengthen in a suspected central bank intervention, which Cointelegraph first reported on Wednesday. After dropping to 158.5 on Wednesday, the USD/JPY pair saw further downside to 155.4. This put pressure on the US dollar index (DXY), which fell to 99. Downside in the DXY has historically been positive for Bitcoin.US Dollar Index 1-day chart. Source: TradingView　　Shares of Michael Saylor‘s Strategy (MSTR) participated in the rally and rose 8.6% on Wednesday. The stock is up 70% from its lows in late June, but still down roughly 10% year-to-date. Strategy’s perpetual preferred stock STRC, which had been frequently compared to

09-04Industry

Revolut plans US bank and stablecoin after conditional OCC approval

Revolut has received conditional approval from the Office of the Comptroller of the Currency to form a U.S. national bank, with a 2027 launch, a $95 million capital injection and stablecoin service planned if regulators grant the remaining clearances.　　Conditional approval moves Revolut closer to a 2027 launch　　Revolut said on Sep. 3 that the OCC had conditionally approved its application to establish Revolut Bank US, N.A., taking the fintech through one stage of a process that began with its charter application in March.　　We just received conditional approval from the U.S. OCC for our U.S. national bank charter　　— Revolut (@Revolut) September 3, 2026　　Conditional approval does not allow the proposed bank to begin operating immediately. Revolut must satisfy the OCC‘s conditions, secure deposit insurance from the Federal Deposit Insurance Corporation, and obtain approval from the Federal Reserve. The company will also need the OCC’s final authorization before opening the bank.　　Planned for Stamford, Connecticut, the new entity would receive an initial capital contribution of about $95 million, according to the company. Revolut expects the operation to open in the first half of 2027 and employ about 160 people.　　“We‘re grateful for the OCC’s open and transparent dialogue throughout this process,” Revolut U.S. CEO Cetin Duransoy

09-04Industry

Bybit Pay integrates Mesh for direct crypto payments

Bybit Pay has integrated with Mesh‘s network of more than 300 wallets, exchanges and financial platforms, giving Bybit’s claimed 80 million users a direct way to spend or transfer assets held in their exchange accounts.　　Bybit Pay removes a step from crypto payments　　Bybit said in a Sept. 3 announcement that users can now access their exchange balances when checking out or adding funds on platforms powered by Mesh.　　When Bybit Pay appears among the available payment methods, a customer can select it and use assets already held in a Bybit account. The process removes the need to withdraw funds to a separate wallet, convert them manually, or transfer them to another service before completing a transaction.　　For businesses, the integration adds another payment source without requiring a separate connection to Bybit. Companies that already use Mesh can enable Bybit Pay through the same technical setup, allowing them to accept payments from eligible Bybit users.　　Bybit described its customer base of 80 million as a potential market for participating merchants. The figure comes from the company and was not independently verified in the announcement.　　Settlement settings form another part of the service. According to Bybit, Meshs programmable tools let businesses set how and when funds are

09-04Industry

ChatGPT, Claude and Grok Outages Leave Users Asking How to Work Without AI

In briefChatGPT, Claude, and Grok experienced outages Thursday morning.Users said losing access to the AI tools disrupted their writing, research, and coding.OpenAI, Anthropic, and xAI restored their affected services by Thursday afternoon.　　ChatGPT, Claude, and Grok experienced service disruptions Thursday morning, preventing some users from accessing the AI platforms or generating responses.　　OpenAI, Anthropic, and xAI acknowledged problems affecting their services, though it is unclear if the incidents were connected.　　Myriad: When will OpenAI release GPT-6？ Click to make your prediction.　　On X, users said the outages had disrupted their work, leaving them without AI tools they used for writing, research, coding, and other daily tasks.　　“Claude, Grok and ChatGPT. How can anyone get any work done？” chemist and science communicator Simon Maechling wrote on X.　　“ChatGPT is down, and I am immediately 50 IQ points dumber,” AI tool developer Every CEO Dan Shipper joked.　　OpenAI drew the most complaints, with reports on Downdetector peaking at approximately 38,000. Among users who identified a specific problem, 80% selected ChatGPT, 8% Codex, and 7% the app.　　The company began investigating elevated errors affecting ChatGPT and Codex at 10:43 a.m. EST. OpenAI said it applied a mitigation at 11:17 a.m. and was monitoring the recovery.　　“A routing error starting around 7:43 am

09-04Industry

Hyperliquid treasury company increases token buying strategy to $2.5 billion as shares run out

Hyperliquid Strategies, a Nasdaq-listed company using equity sales to build a treasury of Hyperliquids HYPE token, has expanded its committed-equity facility with Chardan Capital Markets to $2.5 billion from $1 billion.　　Related Asset Hyperliquid #9 HYPE · $84.15 24-hour change: up 2.97% 24H Up 2.97% 7D Down 2.13% 30D Up 51.44%　　The immediate runway before a new dilution constraint applies is far smaller than the headline commitment. Hyperliquid Strategies annual report disclosed $646.6 million of gross facility proceeds through June 30, followed by another $117.1 million raised through facility shares after quarter-end. Together, those figures show at least $763.7 million of proceeds, leaving no more than about $236.3 million before aggregate sales reach $1 billion. Any later sales would reduce that headroom, and the September 1 filing did not provide an updated utilization total.　　Once aggregate facility sales pass $1 billion, the issue price becomes decisive. Under the operative amendment, Hyperliquid Strategies cannot complete a sale if doing so would take the aggregate number of facility shares issued at prices below $12.02 above 42,641,847. That exchange cap equals 19.99% of the companys pre-amendment voting power or outstanding common shares. Issuance above the cap requires stockholder approval unless that approval is not required under

09-04Industry

BitMEX co-founder contributed 75% of Reform UKs donations in Q2 2026

Records from the UK‘s Electoral Commission showed that BitMEX co-founder Ben Delo’s contributions to the countrys Reform party made up about three-quarters of the $7.3 million it received in the second quarter of 2026.　　As of Thursday, the Electoral Commission showed that Delo had made two separate contributions to Reform UK of 1 million and 3 million pounds — about $1.3 million and $4 million, respectively — in April. While the political party also received significant contributions from entities and individuals between April and June 2026, Delos donation amounted to 74% of all funds reported in the second quarter.Source: UK Electoral Commission　　Nigel Farage, leader of Reform UK, is currently under investigation after receiving millions of dollars worth of donations and gifts from two figures tied to the crypto industry: Christopher Harborne and George Cottrell. The UK lawmaker resigned his position as a member of parliament in July amid the crypto scandal, triggering a controversial by-election that Farage won 63% of the vote, ahead of satirical candidate Count Binface.　　The contributions tied to the crypto industry have raised questions from many lawmakers about the influence of digital assets on UK politics. In July, Labour MPs were reportedly considering that a moratorium on crypto

09-04Industry

Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system

Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH.　　Related Company Revolut Banking and payments app　　Nearly six months later, that application remains pending, while federal regulators have spent the same stretch conditionally approving or converting bank charters for Circle, Ripple, Coinbase, Paxos, BitGo and several other crypto firms.　　Revolut has not been denied, though its application sits under review, and comparing it directly to those crypto approvals misses what each company asked Washington for.　　Related Company Circle Global crypto finance company　　A national bank wants more　　Revoluts application describes a full-service digital national bank supporting deposit accounts, card products, consumer and commercial lending, cross-border payments, and investment and trading services, built to reduce the companys reliance on partner banks.　　Related Company Ripple Financial technology and enterprise blockchain company　　The company says it serves more than 70 million customers across 40 markets and carries a $75 billion valuation, reached in a November 2025 secondary offering.　　That puts the application through every layer of traditional bank review at once. Regulators must weigh capital and liquidity adequate to survive stress, credit underwriting and loss reserves

09-04Industry

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