Crypto Industry News & Market Trends

Riot Platforms closes $200M Coinbase Bitcoin credit line

Riot Platforms has fully repaid its Coinbase Credit borrowing and closed the $200 million Bitcoin-backed facility, releasing the lenders claims on pledged assets after settling principal and accrued interest on Sep. 21.　　SummaryRiot terminated the Coinbase facility after paying all outstanding principal and interest through Sep. 21.Coinbases security interests were released, alongside the termination of its commitment to provide further loans.Riot held 5,821 BTC as collateral as of June 30, roughly 51% of its Bitcoin reserves.The facility carried a fixed 6.15% annual interest rate following an April amendment.　　Riot Platforms Form 8-K, filed with the U.S. Securities and Exchange Commission on Sep. 25, disclosed that the company voluntarily prepaid its outstanding borrowing under the agreement signed on April 21, 2026.　　After receiving Riot‘s repayment notice, Coinbase Credit was paid the remaining principal and all accrued, unpaid interest through Sep. 21, according to the filing. The payment discharged Riot’s obligations under the agreement and ended the lenders commitment to make further loans.　　Riot Platforms repayment releases pledged assets　　Under the terminated agreement, Coinbase Credit served as lender, collateral agent and administrative agent, the SEC filing stated. The facility allowed multiple drawdowns up to an aggregate principal amount of $200 million, backed by financial assets held with

09-30Industry

QQQ Price Prediction: Bulls Stalling at the Ceiling — $760 or $710 by Mid-October？

James Ding　　Sep 29, 2026 12:21 UTC　　QQQ is trading at $738.03 with momentum grinding flat just below critical resistance at $742.47, while a 10-year Treasury yield above 5% keeps a lid on multiple expansion. The next 10 days are bina…　　The Nasdaq Giant Hits a Wall — Literally　　At $738.03 on the morning of September 29, QQQ is sitting right on top of its pivot point ($737.54) and trading below its 7-day simple moving average of $741.63 — which also happens to align almost perfectly with the immediate resistance cluster at $742.47. That‘s not coincidence; that’s the market telling you exactly where the fight is happening. The 24-hour range of $732.61 to $741.98 captures the entire battle in microcosm: buyers keep pushing up to test resistance, and sellers keep capping it.　　The context around this stall is critical. QQQ is up more than 19.5% year-to-date and 25.96% over the trailing twelve months, an extraordinary run for a $500 billion fund. But the most recent week saw the 52-week high of $748.65 printed on June 3rd remain intact, meaning every rally since early summer has been a lower high against that benchmark. Meanwhile, the 10-year Treasury yield has surged to 5.18% — a level that

09-30Industry

Coinbase Faces $25M Loss Claim From Crypto Investor

Coinbases public response to the investor offered a path to investigate his claim, with the exchange saying it had contacted him by DM.　　BlockTower Capital founder Ari Paul has alleged that Coinbase “lost” $25 million belonging to his firm several years ago and later covered up a series of hacks that affected other companies.　　The claim, posted on September 29, puts a much larger alleged loss at the center of an unresolved dispute that Paul says remains tied to multiple legal proceedings.　　Ari Paul Alleges Wider Coinbase Losses　　Paul wrote that his firm‘s $25 million loss was initially described as Coinbase having “lost” the funds, but his subsequent investigation led him to a different conclusion. He alleged that the exchange had been covering up “massive and repeated hacks” and refused to return BlockTower’s money.　　“We traced this to at least a dozen other affected firms and over $1b covered up,” the Strobe VC board member added. “Thats all I can say for now as multiple legal processes still ongoing.”　　Coinbase Support replied on X that it had sent a direct message to Paul “so we can look into this right now.” The whole thing started with a user called Kuno, who wrote on September 26 that

09-30Industry

Ethereum Gets Another Privacy Boost as Aztec Brings Back zk.money

In briefAztec Labs relaunched zk.money, a privacy wallet it shut down three years ago, on its privacy-first Ethereum layer-2, Aztec Network.Users send stablecoins to tags like bob.zk.money. Payments inside the wallet are private, but deposits from Ethereum remain public.Transactions are capped at $2,500 during the early rollout. The original zk.money drew more than 75,000 wallets and $100 million in volume.　　Three years after pulling the plug, Aztec Labs is bringing zk.money back from the dead.　　The privacy-focused Ethereum developer relaunched the self-custodial wallet Tuesday, letting users send and receive stablecoins without broadcasting balances, amounts, or recipients to the world.　　Myriad: Where does Ethereum go next？ Click to make your prediction.　　Users claim a tag such as bob.zk.money, which resolves through the Ethereum Name Service, or ENS, to a deposit address, according to Aztecs posts on X.　　“Onchain transactions between two individuals shouldnt mean publishing your financial history to the world,” Aztec Labs CEO Joe Andrews said in a statement.　　Discover more　　NEWS　　FINANCE　　Bitcoin halving forecast　　The wallet runs on Aztec Network, which the companys developer documentation describes as a privacy-first Ethereum layer-2, a separate network that settles back to Ethereum.　　Private functions run on the users own device, which generates zero-knowledge proofs. These are cryptographic receipts that confirm a transaction

09-30Industry

Sequoia, Tiger Global Circle Kalshi in Fresh $1B Funding Talks: Report

Key TakeawaysReuters reports that Kalshi is purportedly negotiating a $1 billion raise at a $40 billion valuation, up eightfold since October.Reportedly, Sequoia and Wellington are discussing leading Kalshis latest round as institutional trading expands.Kalshis financing remains unclosed as its legal fight with state gambling regulators continues.　　From $5 Billion to $40 Billion in Less Than a Year　　A company that investors valued at $5 billion last October, the prediction marketplace Kalshi, is now discussing a deal that would put its worth at $40 billion. Thats the rather extraordinary trajectory of Kalshi, the exchange where people trade contracts tied to everything from sporting events and elections to economic indicators.　　The latest negotiations, disclosed by Reuters reporter Anirban Sen on Sept. 29, involve raising approximately $1 billion, with a closing anticipated in the coming weeks. Here‘s the interesting part: Kalshi secured another billion-dollar investment just five months ago, and its valuation has nearly doubled since then. Yet its biggest regulatory headache hasn’t gone away.　　Investors Line Up for Another Billion-Dollar Round　　Reuters reported that existing investor Sequoia Capital is discussing leading the financing alongside Wellington Management. The publication‘s sources say Tiger Global Management and Dragoneer Investment Group are also negotiating participation. Sequoia partner Alfred Lin already occupies

09-30Industry

SECs Atkins Pushes for U.S. Stocks to Move On-Chain With

SEC Chairman Paul Atkins said Tuesday that he wants U.S. stock trading to move onto blockchain networks, signaling a broader push to bring on-chain markets into traditional finance.　　“I want the stock market to move on-chain,” Atkins said on Sept. 29. He said blockchain technology could change how stocks are traded and how ownership records are maintained.　　The comments follow the SECs Sept. 17 approval of a temporary framework allowing certain venues to trade tokenized U.S. stocks through permissioned automated market makers and liquidity pools.　　SEC Opens Path for Tokenized Stocks　　The SECs Innovation Exemption gives Tokenized Securities Venues temporary relief to trade tokenized National Market System stocks on-chain. The five-year exemption comes with conditions designed to protect investors and market integrity.　　Related: House Oversight Broadens Prediction Market Probe to Hyperliquid, Crypto.com　　Tokenized stocks must provide holders with the same rights as traditional shares, including dividends and voting rights. Issuers can also object when an unaffiliated party seeks to tokenize their stock.　　Project Crypto Supports On-Chain Markets　　The move follows Atkins Project Crypto initiative, which seeks to modernize securities rules for blockchain-based markets. The temporary framework allows the SEC to observe on-chain trading while considering longer-term rules.　　Atkins said the agency is “not cementing todays technology as the standard

09-30Industry

Political memecoins blur public power and private profit: GSN CEO

California‘s Sep. 27 signing of AB 2409 has put political memecoin conflicts under scrutiny, with Global Settlement Network CEO Ryan Kirkley calling for rules focused on officials’ financial interests rather than restrictions across digital assets.　　SummaryKirkley says politically linked memecoins can connect public authority with personal financial benefit.Californias listing restrictions cover certain official-linked memecoins issued from Jan. 1, 2027.The GSN CEO favors rules addressing ownership, promotion, control, disclosure and financial benefit.Regulators should distinguish speculative tokens from payment and settlement assets by their economic function, he says.　　Ryan Kirkley, CEO and co-founder of Global Settlement Network, told crypto.news that politically linked memecoins present a distinct problem because an official associated with a token may also possess the authority, access and public visibility to influence its trading environment.　　In his assessment, speculation alone does not explain the conflict. When a tokens appeal depends heavily on its association with someone holding public office, he said, the official could benefit financially from attention attached to powers entrusted to them by voters.　　“The concern is not simply that the asset is speculative; it is that someone entrusted with public power could potentially benefit from the market value attached to that power.”　　Discover more　　News　　financial　　Currencies & Foreign Exchange　　Political memecoins connect official influence

09-30Industry

MSTR Price Prediction: $179 Resistance Is the Line in the Sand — Break It or Face a Flush

Iris Coleman　　Sep 29, 2026 12:12 UTC　　MSTR is trading at $160.57 with momentum coiling right below critical resistance, sitting on a fortress of moving average support. The bull case targets $179–$200 within 30 days; fail to hold $156,…　　Fresh Bitcoin Accumulation Meets a Stock at a Crossroads　　MicroStrategy — now formally rebranded as Strategy Inc. — just confirmed it purchased another 1,665 BTC between September 21–27, bringing its total treasury to 847,666 Bitcoin at an aggregate cost of roughly $64 billion and an average acquisition price of $75,437 per coin. With Bitcoin currently trading near $85,000, the firm is sitting on approximately $6.6 billion in unrealized gains on that position. The stock closed the prior week up 16.1%, and today it‘s pressing at $160.57, a 3.87% intraday gain. That’s not noise — thats genuine momentum fueled by the largest public corporate Bitcoin holder in the world continuing to add to its position in a constructive macro environment.　　What‘s critical here is the context of the accumulation cadence. Strategy had paused buying for ten weeks before re-entering on August 31. Since then, it’s been buying every week, and last weeks purchase was 75% larger than the previous one. This is an institutional accumulation pattern —

09-30Industry

ICP crypto extends 60% recovery—can it break $3.50 as sentiment cools？

Internet Computer [ICP] gained about 6%on September 29, climbing from the $3.15price level to about $3.33.　　The daily rise is only part of the story, as ICP has now recovered roughly 60%from its August low near the $2.05price level. Although weakening social sentiment suggests traders are not fully convinced the rally will continue.　　ICP recovery reaches a crucial point　　ICP spent much of June and July moving lower before reaching its recent bottom in early August.　　The recovery started slow but buying picked up during September. It reclaimed the $2.60price level, crossed $3,and continued toward its latest high near the $3.48area.　　Looking at its current position above the main price averages shows that the recovery has developed for a while. What this means is that buyers have been able to maintain control for longer than a single trading session.　　Trading activity has also increased as it approaches the $3.50price area. This shows how positive the advance is, but the latest candle shows some resistance near that level. The price reached $3.48before it went back toward $3.33.　　Source: TradingView　　That makes the $3.40–$3.50price area the next area to watch. If it moves beyond it convincingly, the recovery continues. However, if it fails, traders who bought earlier might want to

09-30Industry

MoonPay Targets Korea With Won Stablecoin Strategy

MoonPay launches Korea operations to establish a strategic base for Asian expansion.Woori, KB and KakaoBank will explore stablecoin payments and cross-border remittances.MoonPay will provide infrastructure rather than issue its own won-denominated stablecoin.　　MoonPay has launched its Korean subsidiary as it expands its Asian operations, targeting won stablecoins, cross-border payments, remittances and digital asset infrastructure. The company plans to work with major Korean financial institutions to connect its global network with the countrys established banking and payment systems.　　MoonPay Builds Korea Base for Asian Expansion　　MoonPay unveiled MoonPay Korea on Sept. 29, according to Maeil Business Newspaper, positioning South Korea as a regional base for its broader Asian expansion. The company plans to connect its global digital asset infrastructure with Korean banks, card companies and financial technology providers.　　MoonPay co-founder and Asia-Pacific head Lee Bu-gun said Korea combines strong virtual asset demand with advanced digital payment infrastructure. The company expects that combination to support new financial services and broader blockchain-based payment applications.　　The expansion centers on partnerships with Woori Bank, KB Financial Group and KakaoBank. MoonPay will also work with Finger, a Korean financial technology company, to connect its global APIs and wallet infrastructure with domestic financial systems.　　MoonPay acquired Finger alongside partners earlier this year, strengthening

09-30Industry

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