Crypto Industry News & Market Trends

Bitcoin Rally Builds on $2.8 Billion ETF Inflows

Bitcoins advance from approximately $63,500 to above $80,000 received substantial support from spot buying rather than new leveraged positions, QCP Capital said on Aug. 28.　　SummaryBitcoin rose from $63,500 as spot ETFs drew $2.8 billion across eight consecutive sessions overall.Futures open interest fell from 646,000 BTC to 588,000 BTC while Bitcoin prices moved higher.U.S. spot Bitcoin ETFs ended nine inflow sessions with $201.9 million in August 28 outflows.July headline PCE rose 3.7% annually, while core PCE remained at 3.3%, official data showed.Treasury will double long-end buybacks to at least $4 billion per operation beginning September 9.　　The trading firm estimated that U.S. spot Bitcoin exchange-traded funds attracted roughly $2.8 billion across eight consecutive sessions during the rally. Meanwhile, BTC-denominated futures open interest declined from about 646,000 BTC in mid-August to 588,000 BTC.　　That combination suggests spot purchases and short covering drove much of the move. It differs from a rally led by traders opening aggressive leveraged long positions. However, the latest verified figures show that institutional demand has begun to cool after Bitcoin failed to hold above $80,000.　　You might also like:　　Bitcoin ETF flows swing to $202M outflow as price holds near $77.5K　　Bitcoin rally gained support as leverage declined　　Bitcoin briefly traded above $81,000 after

08-30Industry

BitGo Buys NYDIG's Institutional Trading Arm to Beef Up Derivatives and Financing

In briefBitGo acquired NYDIGs institutional trading business in a two-step merger worth about $42.5 million.The deal adds derivatives, structured products, financing and capital-markets solutions serving asset managers, hedge funds and family offices, complementing BitGos custody, settlement, and wallet infrastructure.For NYDIG, the sale sharpens its focus on power generation, Bitcoin mining and HPC data centers.　　BitGo has acquired the institutional trading business of NYDIG, adding derivatives, financing and capital-markets capabilities as the digital-asset infrastructure firm builds out its offerings for professional clients.　　The NYSE-listed company said Wednesday it entered into a definitive agreement and completed the deal, folding in roughly 30 NYDIG employees along with the units institutional client relationships.　　Myriad: Who IPOs first: OpenAI or Anthropic？ Click to make your prediction.　　According to a regulatory filing, the transaction is structured as a two-step merger with total consideration of about $42.5 million: $7 million in cash and roughly $35.5 million in BitGo stock. The deal also carries earnout provisions, including a $10 million cash payment tied to one revenue milestone and up to $5 million more in cash plus additional shares tied to a second, alongside retention awards for transferred staff.　　The acquired business provides derivatives, structured products, financing and capital-markets solutions to asset managers, hedge

08-29Industry

UK police seize $1.4M tied to darknet market activity

A regional UK police force has seized 20.21 Bitcoin and other assets valued at more than $1.4 million after tracing the funds to darknet marketplaces active between 2016 and 2019.　　UK police recover 20.21 Bitcoin and other assets　　Avon and Somerset Police said on Aug. 27 that its Financial Investigation Unit had recovered 20.21 BTC, other digital assets, and money held in a bank account.　　The assets had a combined value of £1,032,487.86, or more than $1.4 million, when the police force valued them. Officials did not disclose the amount held in other cryptocurrencies or the bank account, nor did they identify the tokens involved.　　Earlier in 2026, a court approved the forfeiture after accepting that the holdings represented proceeds from unlawful conduct. Police pursued the assets under the Proceeds of Crime Act, which allows authorities to recover property obtained through criminal activity.　　The unnamed person at the center of the investigation had previously been convicted of money laundering and has since died, according to the statement. Officials did not disclose when the earlier conviction occurred, the offenses connected to it, or whether anyone else was investigated.　　At Bitcoin‘s current price of about $77,570, the 20.21 BTC alone would be worth approximately $1.57 million. The difference

08-29Industry

GOLD token crashes 99% after Trump-linked post, $1M dump

Trump Digital Gold has crashed 99% from its peak after wallets controlling 82.45% of the Solana tokens supply sold their holdings for about $1.01 million.　　SummaryConnected wallets sold 824.54 million GOLD tokens for 9,784.6 SOL, according to EmberCN.GOLD briefly reached a $66 million market cap after a Trump-affiliated merchandise account promoted it.The tokens market cap fell from $55 million to $1 million in about 30 seconds.U.S. regulators warn that social media promotions are frequently used in crypto pump-and-dump schemes.　　GOLD wallets sold 82.45% of the token supply　　On-chain analyst EmberCN reported on Aug. 29 that wallets linked to the Trump Digital Gold token had sold their entire holdings two hours before the post, receiving 9,784.6 Solana tokens worth approximately $1.01 million.　　The wallets collectively controlled 824.54 million GOLD tokens, equal to 82.454% of the assets total supply, through a combination of pre-allocation and purchases made shortly after trading began. Such concentrated ownership allowed the connected addresses to sell most of the circulating supply once other traders entered the market.　　EmberCN called the wallets the token‘s “scammers,” although no law enforcement agency or U.S. regulator had publicly identified the people controlling the addresses at the time of writing. The on-chain analyst’s post also did not name

08-29Industry

Helium Token Skyrockets 100% After Texas Town Turns Wi-Fi Into Cell Coverage

Helium (HNT) jumped almost 100% on Saturday. Behind the surge is a Texas town that stopped waiting for cell towers and switched on Wi-Fi it already owned.　　Celina sits north of Dallas. It added 12,710 residents in a year and grew 24.6%, the fastest of any US city with more than 20,000 residents.　　How Helium Turned Wi-Fi Into Cell Service　　Helium announced the deployment on Friday. It covers the Celina Public Library, the Ralph ODell Senior Center, and some downtown shops.　　The city built nothing new, since it already had Wi-Fi. Helium added a layer that lets phones treat those hotspots as cell coverage.　　Phones sign in using credentials already stored on the SIM card. No app or password. Most people never notice the handoff.　　The idea is not new either. AT&T signed on to the same Helium system in April 2025. That deal is what makes the automatic connection work.　　“Helium let us turn Wi-Fi we already own into coverage our residents phones use automatically, without spending a dollar on new towers,” said Amy Alexander, director of information technology for the City of Celina.　　Follow us on X to get the latest news as it happens　　Why Helium Jumped Nearly 100%　　The news broke Friday, yet HNT ran overnight

08-29Industry

Hyperliquid gets first HIP-4 outcome DEX with OUT

Hyperliquid has received its first reported builder-deployed HIP-4 outcome exchange after OUT completed deployment through the networks permissionless market framework.　　SummaryOUT has become the first reported outcome DEX deployed through Hyperliquids HIP-4 framework.Deployers can create YES/NO markets using templates approved by Hyperliquid validators.HIP-4 contracts are fully collateralized and operate without leverage, funding payments or liquidations.Hyperliquids current developer documentation lists permissionless deployer actions as available on the testnet.　　Hyperliquids block explorer shows that a successful on-chain transaction registered the Outcome DEX under the name OUT through the HIP-4 deployment framework.　　The transaction confirms OUTs deployment but does not show whether its markets have opened for live trading. No separate announcement or verifiable website detailing its markets, liquidity, or trading activity was available at the time of writing.　　Hyperliquids HIP-4 framework lets builders create markets　　According to Hyperliquids developer documentation, HIP-4 lets approved deployers create outcome markets without seeking validator approval for every individual contract. Each market must still follow a template that the validator set has previously approved.　　Templates define the basic form of a contract, its available results, and how it settles. Once validators approve one, a deployer can use the same structure to create separate markets that meet its conditions.　　A YES/NO template allows traders to

08-29Industry

Coinbase to Delist Two Popular Cryptos in September After Listing Review

Major crypto exchange Coinbase is set to delist two crypto assets from its platform in September.　　In a recent X post, Coinbase revealed its decision to suspend trading for Badger DAO (BADGER) and Storj (STORJ) in September following its latest review of assets listed on the exchange.　　Coinbase stated it regularly monitors the assets on the exchange to ensure they meet its listing standards. Based on recent reviews, the exchange stated it will suspend trading for Badger DAO (BADGER) limit orders can be placed and canceled, and matches may occur.　　However, BADGER s roadmap.　　Grass (GRASS) and Basecat (BASECAT) have been listed on Coinbase and in the Coinbase app, allowing users to buy, sell, convert, send, receive, or store these assets.　　In separate news, Coinbase CEO Brian Armstrong highlighted strong early momentum for the new US500 index perp, an index of the 500 largest companies in America, crossing $100 million in 24-hour trading volume just a week after launch.

08-29Industry

Interpol arrests 58 in crackdown on crypto investment scams

INTERPOL has reported 58 arrests, 263 identified suspects and $2.67 million seized after a 22-country operation targeted crypto investment scams, romance fraud and money laundering networks.　　According to an official INTERPOL release published on Aug. 25, Operation Jackal IV ran for eight months from November 2025 through June 2026 and focused on the financial systems used by West African organized crime groups.　　Authorities from 22 countries across six continents took part in the operation, including the United States, the United Kingdom, Canada, the United Arab Emirates, South Africa, Argentina, Nigeria, Romania, and several European countries.　　Investigators focused on groups such as Black Axe and similar criminal organizations accused of running romance scams, fake cryptocurrency investments, business email fraud, and other financial crimes. Police also tracked the shell companies, bank accounts, digital wallets, and outside service providers used to receive or conceal stolen money.　　During the operation, INTERPOL helped participating agencies exchange intelligence across borders, analyze financial activity, and coordinate enforcement work. The organization also provided specialist training to investigators handling money laundering cases.　　“By following illicit financial flows across borders, we are attacking the very lifeblood of organized crime and making it increasingly difficult for criminal networks to profit from their activities,” said Tomonobu Kaya,

08-29Industry

Trump-promoted brand touts GOLD before token collapse

A Solana-based token promoted by a Trump-linked coin brand collapsed within hours of its launch, raising questions over who was behind it and its unusual trading activity.　　Real Trump Coins, a brand US President Donald Trump publicly promoted in 2024, touted the “Trump Digital GOLD” token on X before deleting related posts on Saturday, according to blockchain analytics platform Lookonchain.　　The Real Trump Coins website continued promoting GOLD as of publication, advertising a 4% trading fee and pledging to use 99% of trading fees to buy back the token in an effort to make it a top-10 crypto asset by market capitalization.　　The launch has left crypto observers questioning GOLDs legitimacy, with some suggesting the Real Trump Coins website and its Trump-followed X account may have been compromised.　　GOLD token wallets sell amid 82% supply concentration　　The token surfaced early Saturday when the Real Trump Coins X account, which Trumps official account follows, announced the GOLD launch and directed users to RealTrumpCoins.com to buy the token.　　Lookonchain flagged the launch shortly afterward, noting that the developer held 600 million GOLD while 15 newly created wallets spent $18,657 to acquire another 224.5 million tokens. “The team currently controls 82.45% of the total supply,” Lookonchain said, advising users

08-29Industry

XRP ETFs gain ground in two US fund filings

Two U.S. fund filings dated Aug. 27 and Aug. 28 have listed three XRP-linked ETFs, adding fresh evidence of the tokens growing presence across regulated investment products.　　SummaryProShares filing lists its unlevered XRP ETF and the 2x leveraged Ultra XRP ETF.Morningstar Funds Trusts amendment includes a live fund combining S it will not determine final passage. Senate leaders would still need to address amendments and hold additional votes if the cloture motion succeeds.　　The House passed the CLARITY Act in July 2025, while the Senate Banking Committee advanced its version by a 15-9 vote in May 2026. The proposal would divide oversight of digital assets between the SEC and the Commodity Futures Trading Commission based on how each asset is classified.　　Standard Chartered has estimated that clearer U.S. market rules could support another $4 billion to $8 billion of inflows into XRP investment products. The projection depends on legislation providing sufficient certainty for financial institutions and does not represent committed capital.

08-29Industry

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